Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Isabelle Lee, Carol Massar and Tim Stenovec.
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Global markets remain focused on escalating tensions in the Middle East as the US and Iran exchange another round of military strikes. The US military launched a new wave of attacks targeting Iranian positions, while Iran responded with drone strikes aimed at US military positions in Kuwait. Washington says the latest operations are intended to degrade Iran’s ability to threaten commercial shipping in the Strait of Hormuz, while the IRGC claims it struck a US drone operations center at Sheikh Isa Air Base in Bahrain. The renewed conflict has left energy markets on edge as uncertainty over the Strait of Hormuz continues.
We also cover Apple’s lawsuit against OpenAI alleging trade secret theft, Nippon Paint’s $8.6 billion bid for Akzo Nobel’s paint business, reports that SoftBank is considering a stake in Seven & i Holdings, and the death of former Qatari ruler Sheikh Hamad, which comes as Senator Lindsey Graham’s political future raises fresh questions over US Senate succession.
In Asia, South Korea’s KOSPI trading was briefly halted after falling 8%, with SK Hynix leading the decline. Elsewhere, venture capital funding across the Middle East and North Africa fell 22% year over year during the first half of 2026, the UAE’s oil production reached a record high in June, and Senegal’s infrastructure plans face setbacks amid a growing debt scandal. Guests Includes John Sfakianakis, Gulf Research Center Chief Economist and Research Head; Praten Jagwani, UTI International Global Head and CEO; Philip Bahoshy, Magnitt Founder & CEO; and Chey Tae-won, SK Group Chairman

Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.

Chapters:
00:00:00 – Introduction
00:04:50 – US, Iran Resume Strikes as Hormuz Status Disputed
00:07:58 – John Sfakianakis, Gulf Research Center Chief Economist and Research Head
00:14:18 – Praten Jagwani, UTI International Global Head and CEO
00:28:50 – Philip Bahoshy, Magnitt Founder & CEO Chey
00:34:54 – Tae-won, SK Group Chairman
00:38:54 – Energy Markets on Edge as Hormuz Tensions Intensify
00:43:00 – Debt Scandal Derails Senegal’s infrastructure Dream
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Bloomberg’s Mike McKee reacts to the release of the Fed’s July Beige Book, which says economic activity increased in a 11 of 12 Fed districts in late May and June. Mary Ann Bartels from Sanctuary Wealth explains why she thinks the recent Mag 7 correction is a buying opportunity. Then, Managing Editor for Global Consumer Tech Mark Gurman discusses OpenAI’s plan to release a speaker device built as an AI companion, competing with Apple and Google’s home speaker gadgets. Finally, SilverChef US President Jon Jacobs has an inside look at how independent bars and restaurants are capitalizing on the influx of tourism from the World Cup.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:02:10 Market Update: Beige Book, PPI & Tech Stocks
00:04:20 Fed Beige Book Signals Moderate Economic Growth
00:06:20 Kevin Warsh Defends Fed Independence
00:07:50 Michael McKee Breaks Down the Beige Book
00:12:35 Outlook for Inflation, Earnings & Tech
00:18:55 Market Update: Morgan Stanley, PayPal & Semis
00:21:00 OpenAI’s AI Device Revealed
00:22:40 Can OpenAI Challenge Apple & Amazon?
00:26:00 Apple’s AI Roadmap & Foldable iPhone
00:32:35 Market Update: Apple Gains, Anthropic IPO & SpaceX
00:34:35 World Cup Boosts Restaurants & Hospitality
00:39:40 Small Business Outlook After the World Cup
00:42:40 Stocks on the Move
00:44:00 SpaceX Falls Below IPO Price
00:47:00 BlackRock Hits $15 Trillion in Assets
00:48:10 PayPal Surges on Buyout Report
00:48:45 Coming Up: Extreme Weather & the U.S. Power Grid
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Ed Yardeni, president of Yardeni Research, says the flare-up of fighting with Iran rekindles market concern that rising oil prices will stoke inflation — and force the Federal Reserve to hike interest rates. He speaks on Bloomberg Television’s “Surveillance.”
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President Donald Trump, speaking at the NATO Summit in Ankara, Turkey, says the US plans to give Ukraine a license to make their own air defense Patriot missiles. During a meeting with Ukraine President Volodymyr Zelenskyy, Trump says it’s very complex, but we’ll “show them how to do it.”
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