AI Optimism Sends Stocks Rocketing Higher; BP's Chair Ousted | The Opening Trade 5/27/2026

The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil prices and easing bond yields spurred traders to grow increasingly bullish. Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. BP ousted Manifold on Tuesday after eight months on the job, citing serious concerns related to “governance standards, oversight and conduct.” The company didn’t provide further details in its statement, but people close to BP who requested anonymity said there’d been complaints about aggressive behavior by Manifold toward employees, as well as of mishandling sensitive information and seeking to bypass the board. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Joumanna Bercetche and Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade 00:00:28 - Market Check 00:03:16 - Micron, SK Hynix Stock Rally 00:05:17 - Nvidia Smuggling Crackdown 00:07:31 - Central Bank Track Inflation Risk 00:10:26 - SpaceX IPO 00:11:05 - China Said to Slow-Track Airbus Deliveries 00:12:25 - Manifold Fired Over 'Serious' Governance Concerns: BP 00:16:24 - Oil Dips on US-Iran Deal Optimism 00:31:04 - European Gas Futures 00:36:06 - SK Hynix, Micron Enter $1T Market Cap Club 00:39:37 - Price-Action Is Bearish Even at Records: MLIV 00:47:34 - Stocks to Watch: Autos, Airbus, Akzo Nobel 01:04:53 - China Stalls Airbus Delivery 01:09:47 - BP CEO Announces Company Restructuring 01:15:43 - RBNZ Rate Hike Bets Sends Kiwi Higher 01:26:55 - UBS' Khan on AI Job Impact 01:29:19 - AI Should Be Disarmed: Pope Leo 01:32:55 - White-Collar Work Exposure to AI -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts