Business
Oil Jumps as Saudi Pipeline Attack Deepens Energy Crisis
Oil surges above $108 a barrel after an attack shuts Saudi Arabia’s East-West pipeline, a key route that bypasses the Strait of Hormuz and threatens to deepen the global energy crisis. A planned Oman-Iran meeting on Hormuz is postponed as Saudi Arabia submits amendments to Oman’s proposal, while Houthi advances raise fresh risks for shipping through the Bab el-Mandeb Strait. The US energy deputy secretary discusses Venezuela’s oil potential and efforts to limit the impact of higher prices.
Asian stocks fall on concerns over an AI slowdown, with SoftBank shares sliding after AI leaders raise caution about development and spending. OpenAI’s Sam Altman says the company will prioritize safety and does not expect an IPO in 2026, while AI figures including Altman and Elon Musk weigh concerns over the pace of AI development.
Markets also face a major week for central banks, with Kevin Warsh under pressure to consider a 25-basis-point rate hike. US core CPI comes in above forecasts, adding to pressure on policymakers. Trump and Warsh remain on a collision course over interest rates, while Trump says he is not worried about Xi calling off their summit and announces plans to eliminate tariffs on Irish whiskey.
The UAE economy shows resilience despite the war, although economists expect GDP growth to slow to 1.7% this year before a sharp recovery next year. Meanwhile, Dangote’s fortune could rise by $23 billion through a refinery IPO expected to raise $1.6 billion and value the business at almost $50 billion. Guests includes Hasan Alhasan, IISS Middle East Policy Senior Fellow and Anita Krishna Gupta, Wealthbrix Capital Partners CIO.
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
00:04:33 – Saudi Shuts Oil Pipeline Bypassing Hormuz
00:08:02 – Hasan Alhasan, IISS Middle East Policy Senior Fellow
00:15:24 – Anita Krishna Gupta, Wealthbrix Capital Partners CIO
00:27:11 – AI Bosses Back Slower AI Development
00:32:50 – UAE Economy Shows Resilience Amid War
00:36:36 – James Danly, US Energy Deputy Secretary
00:39:23 – Dangote’s Fortune Set to Jump $23B on Refinery IPO
00:42:24 – Major Central Banks to Deliver Rate Decisions This Wee
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Delta Air Lines Inc.’s chief executive officer Ed Bastian says there’s been no slowdown in demand even as ticket prices rise. “We haven’t seen the pushback,” he told Bloomberg’s Lisa Abramowicz on Thursday. “It is supply and demand. The demand is really strong.”
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Trump’s tariffs continue putting pressure on India’s economy. Modi’s government is responding with new measures to support exporters and double down on manufacturing and self-reliance.
@DanStrumpf has more: https://t.co/a1EJKOBkBl
source
Who will replace Nvidia’s larger-than-life CEO Jensen Huang?
Amy Thomson explains who’s in the frame — and why it’s a daunting challenge for the chipmaker.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Franklin Templeton Institute’s Head Market Strategist Chris Galipeau, Pershing Square’s Founder and CEO Bill Ackman, London Business School Leadership Institute’s Founding Director Randall Peterson, Committee For A Responsible Federal Budget’s President Maya MacGuineas, Real Macro’s CEO and Founder Jeff Currie, Northwestern Mutual Wealth’s Chief Portfolio Manager of Equities Matt Stucky, National Academy of Engineering’s President Tse-Jae King Liu, Exemplar Luxury Group’s CEO Geoffroy van Raemdonck, Rent the Runway’s President and CEO Paige Thomas, Grammy Award Winning Singer and Hinote’s Co-Founder Carrie Underwood, Hinote’s CEO and Co-Founder Kerrigan Behrens.
Chapters:
00:00:00 Markets Close Out a Volatile Week
00:03:00 Investment Strategy Amid Inflation and Rate Hike Concerns
00:10:25 Nvidia Leadership and Jensen Huang’s Departure
00:18:11 Blue Wave, Federal Spending and the Budget Deficit
00:22:32 Oil, Commodities and the Inflation Outlook
00:32:59 Microsoft Outage and Global Disruptions
00:37:57 Nvidia’s Tumultuous Week and What Comes Next
00:44:54 Oil Prices and the Week’s Biggest Market Movers
00:51:22 FAA Orders Nationwide Ground Stop
00:55:32 Markets React to Nvidia and FAA Disruptions
00:57:54 AI Development, Regulation and Safety
01:04:09 Nvidia’s Interim CEO and the Company’s Future
01:09:26 Saks, Neiman Marcus and the Luxury Retail Outlook
01:18:10 Airlines Fall After Nationwide Ground Stop
01:20:35 Rent the Runway CEO on the Company’s Strategy
01:27:03 Building a New Health and Wellness Brand
01:31:15 What to Watch in the Week Ahead
01:32:24 Latest on the Nationwide FAA Ground Stop
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
US equity futures decline as investors grapple with a leadership crisis at Nvidia that threatens a wider fallout across the global AI supply chain and trade relations between the US and China. Wei Li of BlackRock joins “Bloomberg Brief” to discuss the market impact of the Nvidia turmoil. Bloomberg’s Jennifer Zabasajja speaks to UN Secretary General Antonio Guterres, who argues that multilateral institutions must reform to reflect merging economies, at COP31.
Chapters:
00:00:00 – Bloomberg Brief
00:05:37 – Nvidia Board Weighs Jensen Huang’s Future
00:11:10 – Ukraine Talks, UK Economy and CoreWeave
00:12:36 – Wei Li, Global Chief Investment Strategist, BlackRock, on Nvidia and AI
00:20:33 – Mississippi Election and Gaza Strike
00:26:14 – Nvidia Fallout and US China Relations
00:28:16 – COP31 and Global Climate Risks
00:30:31 – Antonio Guterres, UN Secretary-General, on UN Reform and the US
00:39:58 – Steve Witkoff, Jared Kushner Meet Putin
00:42:08 – US Jobless Claims and Fed Speakers
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
source
-
Politics3 years ago
Russia hawks to Putin apologists: GOP stonewalls Ukraine aid, Tucker Carlson’s trip to Moscow
-
News3 years ago
White House warns of Russia invasion in Ukraine before end of Olympics
-
Sports3 years ago
Top 10 Saves from Week 13 of the 2021-22 NHL Season
-
Politics3 years ago
George Conway: ‘Lying, intimidating, bullying. That’s Trump at his worst, and that’s Trump always’
-
News3 years ago
Rare audio of enslaved people connects history to the present
-
Business2 years ago
Stellantis CEO Says ‘No Taboos’ on Brands as Profit Falls
-
News2 years ago
Kamala Harris and Tim Walz are officially the Democratic nominees, speaking in their first rally
-
Fashion2 years ago
Wool & Wanderlust by Sean Suen, Paris Men Fall/Winter 2025-26 | FashionTV | FTV
-
Politics12 months ago
FBI Director Kash Patel throws temper tantrum after news reports of his private jet use
-
Politics12 months ago
How a potential Trump tariff could impact YOUR pasta