VW Approves Plan for 50K More Layoffs, US Retail Diesel Hits Record | The Opening Trade 9/4/2026
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Volkswagen’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker. US retail diesel rose to a record, threatening to further spike energy-driven inflation as wars in Iran and Russia roil the market. The widely used fuel climbed to a nationwide average of $5.85 a gallon at the pump on Thursday, according to the American Automobile Association. 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 Guy Johnson and Tom Mackenzie. Chapters: 00:00:00 - The Opening Trade 00:00:23 - Market Check 00:02:02 - Fed Rate Hike Bets, Yen Surges 00:04:43 - Anthropic, OpenAI IPO Battle 00:07:23 - Volkswagen Approves Job Cu
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