Here's your summary from US Stocks Surge to New All-time High, Powell Begins Testimony to Congress | The Opening Trade 09/07 (https://www.youtube.com/watch?v=Hd13W-rr6J4) on the Bloomberg Television channel:

### TLDR:

US stocks hit new all-time highs, Powell's testimony to Congress watched closely.

### Key Points:

1. European stocks follow US higher after S&P 500 record close.

2. Investors await Powell's testimony for guidance on Fed rate cuts.

3. Political turmoil in France and US overshadowing NATO summit.

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