Global markets focus on renewed US strikes against Iran as Washington continues enforcing its blockade and tensions around the Strait of Hormuz remain elevated. The US struck a location in Iran’s Azerbaijan province, while Qatar sent its first LNG tanker through Hormuz in three weeks. Jordan also intercepted five Iranian missiles, with no casualties reported.
In markets, Asian technology stocks gained as earnings lifted sentiment, while South Korea tightened restrictions on leveraged ETFs. The Federal Reserve held interest rates steady, with three officials dissenting, as bond markets signal caution over inflation and Fed Chair Kevin Warsh says there is no soft inflation target.
Technology earnings remain in focus. Microsoft shares jumped nearly 9% after reporting the fastest cloud growth since 2022, while Meta shares fell almost 8% after issuing a weaker third-quarter sales outlook. Samsung shares rebounded after better-than-expected second-quarter results, while rising credit risks among Hyperscalers add to concerns ahead of earnings.
We also cover major US defense contracts, Starbucks’ improving sales momentum, L’Oréal’s stronger haircare demand, ADNOC Drilling’s higher second-quarter profit and plans to deploy 70 rigs by the end of 2026 using technology and AI, and Societe Generale’s €1.5 billion share buyback.
Elsewhere, Airbus raised profit on stronger aircraft deliveries while maintaining its outlook, Anglo American is reportedly considering a $1 billion sale of De Beers, and the Bank of England is expected to keep rates at 3.75% as policymakers assess the impact of oil prices.
Guests includes Rachana Mehta, Maybank Asset Management Regional Fixed Income Head; Abdulla Ateya Al Messabi, ADNOC Drilling CEO; Satya Nadella, Microsoft Chairman & CEO; Mark Zuckerberg, Meta Chairman & CEO; Josh Gilbert, ETORO Lead Analyst AIPAC & Middle East; and Thomas Toepfer, Airbus CFO.

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
00:05:00 – US Launches New Wave of Strike Against Iran
00:09:23 – Rachana Mehta, Maybank Asset Managment Regional Fixed Income Head
00:17:33 – Abdulla Ateya Al Messabi, ADNOC Drilling CEO
00:28:10 – Satya Nadella, Microsoft Chairman & CEO
00:28:50 – Mark Zuckerberg, Meta Chairman & CEO
00:29:22 – Josh Gilbert, ETORO Lead Analyst Apac & Middle East
00:35:01 – Thomas Toepfer, Airbus CFO
00:39:04 – Anglo Said to Be in Talks to Sell De Beers
00:42:50 – Bank of England to Keep Rates on Hold at 3.75%
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day.

Chapters:
00:00 Fed Decision, Big Tech Earnings & Oil Surge
05:13 Chip Misses Could Restart the Bull Case — Julian Emanuel, Evercore ISI
16:28 More Gulf States Could Join the Fight — Col. Wayne Sanders (Ret.)
20:56 Appetite for Equities Remains Strong — Julian Emanuel, Evercore ISI
32:45 AI’s Funding Test Isn’t Over — Ted Mortonson, Baird
41:49 Warsh’s Low-Info Strategy Fuels Volatility — Claudia Sahm, New Century Advisors
52:28 The Bar Is Too High for the AI Trade — Dan Suzuki, iCapital
1:06:44 Iran Believes Time Is on Its Side — Lt. Gen. Karen Gibson (Ret.), Academy Securities
1:21:27 Gold’s Next Move Depends on the Fed — Amy Gower, Morgan Stanley
1:29:34 Inflation Still Drives the Fed — Esther George, Former Kansas City Fed President
1:43:38 Markets Want AI Returns — Saira Malik, Nuveen
1:55:02 Microsoft Holds the Key to the AI Trade — Gil Luria, DA Davidson
2:11:25 Why Warsh Wants More Uncertainty — Stephen Stanley, Santander
2:17:25 Markets Need the Fed’s Reaction Function — Kay Haigh, JPMorgan Asset Management
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Kentucky Democratic Governor Andy Beshear addressed concerns over Republican Senator Mitch McConnell’s prolonged absence from the Senate due to health issues. Governor Beshear revealed he sent letters to both McConnell and Senate Majority Leader John Thune requesting clear updates on McConnell’s health and his ability to fulfill his senatorial duties. The conversation then turned to the upcoming midterms, with Beshear saying affordability will be the “driving issue.” He believes Democrats are speaking to voter’s “pain,” with people being unable to afford groceries, pharmaceuticals, and housing, forcing families to live paycheck to paycheck. He speaks with Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.”
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Pfizer CEO Albert Bourla says that company has reviewed its first AI-designed molecule. He says the company wants to be at the forefront of using artificial intellegence

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The Fed kicks off the second two-day policy meeting under Chair Kevin Warsh’s leadership. Bloomberg’s Economics & Policy Correspondent Mike McKee has the preview. Plus, Wednesday kicks off a massive round of tech earnings from some of the industry’s biggest names including Meta, Microsoft, and Apple. Bloomberg Intelligence’s Global Head of Technology Research Mandeep Singh talks about what he’ll be looking out for. Then, Nebex CEO Tejpaul Bhatia explains how his company is working to boost the commercial space industry despite the dominance of SpaceX and possible red-tape from working across various governments. Finally, Bloomberg ‘Business of Sports’ Hosts Vanessa Perdomo-Maglione and Randall Williams join to talk about reporting that FIFA is planning to raise as much as $4.2 billion from external investors.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:00:36 Sen. Lindsey Graham’s Funeral
00:02:07 Market Headlines: Fed, Apple & Oil
00:03:28 Bloomberg Tech Earnings Q&A Announcement
00:04:31 Market Update with Charlie Pellett
00:06:11 Fed Decision Preview with Michael McKee
00:11:43 AI Selloff & Semiconductor Stocks
00:12:15 Bloomberg Intelligence on AI Spending
00:15:17 AI Financing Risks & Nvidia’s Role
00:19:01 Market Check & Semiconductor Selloff
00:20:52 Space Economy & SpaceX with NEBX CEO
00:27:50 Financing the Future of the Space Industry
00:31:52 Trump Eulogy at National Cathedral
00:32:23 Market Update & Earnings Movers
00:34:20 FIFA Seeks Outside Investment
00:43:52 Stocks on the Move: JetBlue, Coca-Cola & Zillow
——–
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