Honda & Nissan Aim to Merge by 2026, Musk Targets ‘Overstaffed’ Fed | The Opening Trade: 12/23/2024

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Honda and Nissan took their first historic steps toward merging to create a new force in the world’s automotive industry, as aggressive competition from China forces legacy carmakers to rethink their business models. Elon Musk calls the Federal Reserve 'absurdly overstaffed', as he prepares to lead a new agency aimed at making the US government more efficient, with a goal of $2 trillion in spending cuts.
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 - Opening Trade
00:18:03 - Charu Chanana, Saxo Chief Investment Strategist
00:30:03 - Fabrice Pothier, Nato Former Policy Planning Director & Rasmussen Global CEO
00:55:45 - Novo Shares Rise After Friday Plunge
00:57:28 - Charles-Henry Monchau, SYZ Group CIO
01:09:59 - Honda-Nominated Direcor to Helm Joint Holding Company
01:13:09 - French Government Deadline Nears
01:19:52 - Carten Brzeski, ING Research, Global Macro Head
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DenizFirat-ry
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As i said before, Asian manufacturers are 1percent of American sold product, and besides lately, have been a higher quantity. And with the so called domestic automotive manufacturers, is suppose to be protected, from foreign sell-offs of coworstment from foreign entities, as noted in Dearborn, that i have brought out to display. And China now owens VW and there other companies, and closed down manufacturing plants, for pushing there, already made China vehicles, and they also owen Volvo! Its made in China now, and as i told everyone again, there here to put us out of a job & take the United States over! Thats why i say, slam the door on them keeping out sorceing out! Because there still going to be there. They are communist, so we should be taking advantage of them, NOT US! And the sale of Chrysler Dodge from Obama was illegal! We will be fine, and we will survive, its the problem with cailfornia dictators & government officials, that are socialist communist, pushing there nonsense for there profiteering, against the American consumer. And EV'S were only supposed be 5percent of sales, as a fare weather vehicle only, NOT a 100percent! And they do not meet saftey standards. Just a note from a third generation automotive related American citizen. 😅

timburns
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