The Open Bell — Ep. 015 — 14 Jul 2026

Today on The Open Bell: Trump has reimposed a naval blockade on the Strait of Hormuz, the narrow channel that carries a fifth of the world's seaborne oil, and slapped a 20% toll on everything that moves through it, and Brent crude, the global oil benchmark, jumped nearly 10% overnight to $83 a barrel, which means this isn't a market story, it's a petrol pump story. New Fed chair Kevin Warsh is testifying before Congress this morning for the very first time, and given that he's walking in the door on the same day as the inflation report and five major bank earnings releases, we're about to find out very quickly what he's actually made of. JPMorgan, Goldman, Bank of America, Wells Fargo, and Citigroup all dropped their second-quarter results before the opening bell this morning, investment banking revenues are up around 26% across the board, and the timing tells you everything: Wall Street is printing money at the exact moment the Fed is deciding whether borrowing stays expensive for everyone else. If today's episode is earning its place in your morning, a five-star rating takes about ten seconds and genuinely helps other people find the show. Hosted by Alex Monroe. New episodes every weekday morning at theopenbell.co Not investment advice. For informational purposes only. --- Chapters: 00:00 Introduction 00:20 Trump Reinstates Iran Blockade; Brent Crude Surges 9.6% to $ 03:17 Fed Chair Warsh Delivers Maiden Congressional Testimony on M 05:45 Five US Mega-Banks Report Q2 Earnings; Investment Banking Re 07:35 Closing thoughtsSupport the show