Oil rises as markets weigh the risk of renewed conflict with Iran. The WSJ reports Trump has been briefed on military options, while Tehran says a letter from JD Vance does not change its peace terms. Saudi Arabia reports intercepting a Houthi drone over Mecca, with one person injured in Riyadh by falling missile debris. Niamh McBurney of Control Risks says US action is more likely after the midterms. Exxon and Chevron also cancel executive trips to ADIPEC.
Global tech shares remain under pressure as investors question AI spending. Amazon costs rise, Intel’s outlook disappoints and Asian chip stocks fall. Eric Robertsen of Standard Chartered says markets are nervous ahead of the US midterms, while SHUAA Capital’s Aarthi Chandrasekaran expects one more Fed hike this year.
The Bank of Japan holds rates at 1.25% and signals further increases remain possible. Bitcoin falls after a major Binance hack, with the company estimating a $6.3 billion impact.
Israel’s election remains under investigation after Netanyahu alleges irregularities, while Polymarket reviews election-related trades and Arab-party support could still shape coalition talks.
Elsewhere, Dino Varkey discusses GEMS Education’s AI-powered school model, South Africa’s debt outlook improves after revised data, Egypt raises rates, Senegal accelerates arrears payments, and ETG plans a $2 billion fertilizer plant in Mozambique.
Also in focus: Foxconn’s outlook for AI-driven consumer electronics, Bloomberg Originals’ “Bad Vibes Economy,” and Christine Lagarde’s expected ECB exit.
Chapters:
00:00:00 – Introduction
00:08:12 – Global Tech Selloff Deepens
00:12:36 – Eric Robertsen, Standard Chartered Global Head of Research & Chief Strategist
00:18:28 – Israel Election Investigation
00:28:09 – Why Another Iran War May Not Send Oil to $150
00:33:27 – Dino Varkey, GEMS Education Group CEO
00:42:06 – South Africa Debt Ratio Seen Falling After Data Revision
00:51:10 – Asian Tech Shares Extend Global Rout
00:54:24 – Aarthi Chandrasekaran, SHUAA Capital Head of Public Markets
01:01:43 – Binance Says $6.3B Impact as Crypto Reels From Hack
01:13:36 – Niamh McBurney, Control Risks Director
01:21:22 – Michael Chiang, Foxconn Rotating CEO
01:26:39 – ETG Plans $2B Mozambique Fertilizer Plant
01:29:00 – Lagarde Exits ECB With Big Wins and Some Stumbles
——–
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Your editing is getting better every video.
😂 $6.3 BILLION with a B How do you lose 6 THOUSAND 300 MILLION? 😅HOW???????
The consequences of no child left behind in America. So noW, AI WILL BE THE TEACHER : GARBAGE IN GARBAGE OUT. Instead oF AI BEING A TOOL. The child is the tool of AI
As if crapto currency wasn't already the biggest con in the history of the world, second only to religion, hackers, no, maybe insiders backdoor. When everyone rushes for the exits, the little guy loses everything. As for religion, anyone who promises you the reward after your dead, never has to pay up. As for me, I'm buying up all the tulip bulbs that will fit in the trunk of the car I'm living in.
Can't decide who is my favourite: Abeer Abu, or AnnMarie H