Professor James Robinson of the University of Chicago joins Joe Weisenthal and Tracy Alloway to discuss the role that inclusivity, innovation and creativity play in a successful economy and whether the US has become a failing state. They spoke on the Odd Lots podcast, recorded live at Chicago’s City Winery.
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A renewed wave of dip buying drove stocks toward their best day since April in the wake of a technology selloff that roiled Wall Street, with the market also gaining as oil prices fell.
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, discusses bearish sentiment in the markets and compressed equity valuations.
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Sanae Takaichi promised a stronger Japan through bold investment and an assertive global role. One year in, how much has she delivered and what comes next?
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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
——–
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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.

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