Nvidia CEO Jensen Huang, speaking days after he joined President Donald Trump’s summit in China, tells Ed Ludlow he expects …

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As the Strait of Hormuz closure continues, the global energy crisis deepens, while inflation continues to rise and US consumer sentiment remains low. Why then, given all of this worrying news, is the stock market breaking records as tech companies continue to expand AI?

On this episode of the Everybody’s Business podcast, we are joined by Kyla Scanlon, author of In This Economy? How Money & Markets Really Work. She tells Max Chafkin and Stacey Vanek Smith about the disconnect happening between Wall Street and main street and what could happen if and when there is an AI crash.
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President Donald Trump said the ceasefire between the US and Iran was on “massive life support” after he rejected Tehran’s latest peace offer. Also on the show: Oil rose after President Trump cast doubt on the Iran ceasefire; Trump to meet Xi Thursday for high-stakes US-China summit; Adnoc Gas 1Q net income beats estimates; Starmer losing fight to stay in power as rebellion spreads. Guests include: Martin Hennecke, St. James’s Place, Head of Asia and Middle East Investment Advisory; Alia Moubayed, Jefferies International, EMEA Economics & Strategy Managing Director; Peter van Driel, ADNOC Gas 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
00:05:04 – Trump says ceasefire with Iran is on ‘massive life support’
00:10:04 – Martin Hennecke, St. James’s Place, Head of Asia and Middle East Investment Advisory
00:16:04 – Trump to meet Xi Thursday for high-stakes US-China summit
00:19:04 – Patrice Motsepe, African Rainbow Minerals Chairman
00:26:04 – Alia Moubayed, Jefferies International EMEA Economics & Strategy Managing Director
00:34:00 – Peter van Driel, ADNOC Gas CFO
00:42:28 – Starmer losing fight to stay in power
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Can NYC remain attractive to businesses and young workers while raising taxes to close a growing budget shortfall? Former mayoral candidate Whitney Tilson joins Wall Street Week to discuss https://bloom.bg/3EMZYZX

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This week, Ray Dalio explains why markets shrug off wars and why this time might be different. And, why are AI executives warning about the dangers of systems they are simultaneously racing to build? Plus, China’s massive investments in energy infrastructure are increasingly shaping the global competition for artificial intelligence leadership and industrial power. Later, can New York remain attractive to businesses and young workers while raising taxes to close a growing budget shortfall?

Chapters:
00:00:58 – Dalio’s Warning
00:11:25 – AI Arms Race
00:23:52 – China Powers Ahead
00:35:45 – NYC Tax Standoff
00:47:28 – Ocean Exploration
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More on Bloomberg Television and Markets

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