The Open Bell — Ep. 079 — 9 Oct 2026
Today on The Open Bell:
Oil is back above $100 a barrel because ships passing through the Strait of Hormuz, the narrow channel that carries roughly a fifth of the world's crude, are under threat, and the knock-on is already showing up in grocery prices from Bangkok to Kuala Lumpur and in government budgets that were not built for $102 oil.
Samsung just told its suppliers to cut shipments by up to 30% this quarter, because the same memory chip that's powering every AI model you've heard of is now too expensive to put inside a smartphone at a price anyone wants to pay.
American Express has been fined $350 million for running an anti-money-laundering programme that regulators decided wasn't really doing the job, one of the largest penalties a US card network has ever faced, and every other major card company is quietly reviewing its own back office today.
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Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:16 Brent Above $102 as Hormuz Supply Anxiety Stiffens Global In 03:31 Samsung Cuts Q4 Smartphone Output 30% as Memory Prices Hit $ 05:58 American Express Fined $350M for Anti-Money-Laundering Failu 08:01 Closing thoughts