The Open Bell — Ep. 006 — 3 Jul 2026

Today on The Open Bell: The Strait of Hormuz is half-blocked, LNG infrastructure is damaged, and the IEA is using words like "greatest threat to global energy security in history," which means the price of getting to work, heating your home, and flying anywhere this summer isn't coming down anytime soon. The US added just 57,000 jobs in June, roughly half of what forecasters expected, and if you strip out the temporary World Cup spending bump, the underlying picture looks considerably worse than a headline unemployment rate of 4.2% would have you believe. America's new Fed chair just scrapped forward guidance, meaning the central bank, which sets the interest rates that determine what you pay on a mortgage or a car loan, has stopped telling markets what it plans to do next, and whether that reads as honest or alarming probably depends on how much debt you're carrying. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:17 Middle East War Pushes Global Energy to Worst Supply Crisis 03:30 US June Payrolls Miss Badly: Only 57K Jobs, Half Forecast 05:56 US Fed Holds at 3.50%–3.75% as New Chair Warsh Drops Forward 07:39 Closing thoughtsSupport the show