The Open Bell — Ep. 084 — 16 Oct 2026
Today on The Open Bell:
Wholesale prices just posted their second-biggest monthly jump on record, a full 1.3% in a single month against forecasts of 0.5%, and the weird part is that bond markets responded by falling in yield, meaning traders think the economy breaks before inflation does.
Iran confirmed it sank a container ship in the Strait of Hormuz, oil jumped 3% toward $98, and the only reason it's not already past $100 is that Saudi crude is moving through alternative routes and emergency reserves are hitting the market right now.
The European Central Bank just cleared Italy's UniCredit to push its stake in Germany's Commerzbank past 30%, the biggest green light in a potential cross-border banking merger that Berlin never publicly wanted, and now can't block without picking a direct fight with its own central bank.
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New episodes every weekday morning at theopenbell.co
Not investment advice. For informational purposes only.
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Chapters: 00:00 Introduction 00:16 U.S. Wholesale Prices Post Second-Largest Monthly Jump on Re 02:57 Iran Sinks Ship in Hormuz; WTI Crude Surges 3% Toward $98 05:11 ECB Clears UniCredit to Lift Commerzbank Stake Above 30% 07:13 Closing thoughts