Oil slips as hopes for Iran diplomacy improve. Tehran says Hormuz talks remain on track and has floated a two-day reopening plan, while Gulf states continue pushing for a deal. Iran also warns it is prepared for a broader response if attacked.
US midterm politics remain in focus, with Trump saying he could become “Mr. Veto” if Democrats win. Early voting shows stronger Democratic turnout, while Republicans face pressure from Trump’s approval ratings and Democrats continue to wrestle with internal divisions.
In the UAE, OpenAI signs new agreements with local companies as Sam Altman meets Abu Dhabi’s crown prince. Aramco also closes a $2.6 billion deal with Saudi PIF to acquire a stake in Humain.
Paul Donovan of UBS says long-term structural trends matter more than short-term volatility and sees shifting global capital flows supporting the UAE. Oaktree’s Howard Marks says the current AI cycle is unlike anything he has seen.
Technology remains active: OpenAI reportedly cuts its latest fundraising target by $10 billion, DeepSeek launches a coding agent aimed at Anthropic, and Foxconn says AI demand remains exceptionally strong.
Binance reports $3.6 billion in outflows following the cyber theft, while the FBI blames North Korea for the wider $6 billion hack.
Elsewhere, protests in Germany focus on affordability, Indians rally over voter-roll changes, OPay pauses its IPO amid regulatory questions, South Africa awaits a US decision on AGOA eligibility, Russia halts recruitment of Ghanaians for the Ukraine war, and a Kenyan tribunal dismisses a case linked to Dangote’s refinery. Guests include Paul Donovan, UBS Global Wealth Management Chief Economist.

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
00:05:08 – Anwar Gargash, UAE Presidential Diplomatic Adviser
00:06:08 – Iran Says Hormuz Talks Remain on Track
00:09:38 – Oil Pulls Back on Hopes for Iran Diplomacy
00:12:43 – US Midterm Election Battle
00:16:06 – Paul Donovan, UBS Global Wealth Management Chief Economist
00:28:21 – Howard Marks, Oaktree Capital Management Co-Chair
00:33:18 – Binance Restores Withdrawals
00:37:42 – Young Liu, Foxconn Chairman
00:41:18 – OPay Halts IPO to Address Regulatory Inquiry
——–
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

Indian PM Narendra Modi warned that the interconnected systems that once united the world like supply chains, trade and tech have become instruments of coercion.

He said at the Bloomberg New Economy Forum that India stands apart with a different approach.

source

DraftKings CEO Jason Robins says the company is positioned to compete in the gambling market regardless of how the Supreme Court rules on prediction markets.

Robins says DraftKings has diversified across sports betting, prediction markets and other products so its business isn’t dependent on a court outcome it can’t control.

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 Pierre-Oliver Gourinchas, International Monetary Fund, Ryan Vlastelica, Bloomberg News, Cristiano Amon, Qualcomm CEO, Jon McNeill, DVX Ventures, Wesley Brooks, HSBC Securities, Heather Brilliant, Diamond Hill, Brian Colello, Morningstar, Anthony Saglimbene, Ameriprise Financial, Jana Eggers, Nara Logics, Carmen Reinicke, Bloomberg News, Julie Van Ullen, Rakuten, Kate Bronfenbrenner, Cornell University.

Chapters:
00:00:00 – The Close Begins
00:03:27 – Pierre-Oliver Gourinchas, International Monetary Fund
00:10:33 – Ryan Vlastelica, Bloomberg News
00:14:30 – Cristiano Amon, Qualcomm CEO
00:30:28 – Jon McNeill, DVX Ventures
00:38:01 – Wesley Brooks, HSBC Securities
00:46:26 – Heather Brilliant, Diamond Hill
00:52:18 – Closing Bell
01:06:03 – Brian Colello, Morningstar
01:12:44 – Anthony Saglimbene, Ameriprise Financial
01:19:58 – Jana Eggers, Nara Logics
01:26:35 – Carmen Reinicke, Bloomberg News
01:30:23 – Julie Van Ullen, Rakuten
01:36:14 – On This Day
01:39:44 – Kate Bronfenbrenner, Cornell University
——–
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

Yardeni Research President Ed Yardeni argues that 10-year Treasuries yielding around 5% offer an attractive real return, driven by expectations that productivity gains will keep inflation contained. While he expects bond coupons to outpace inflation over the next decade, Yardeni maintains that stocks will continue to outperform bonds over the long term.
——–
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