Big Tech Slumps; Biden Gaffes; Kenyan Cabinet Fired | Horizons Middle East & Africa July 12, 2024
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Cooling US inflation sparks a
Cooling US inflation sparks a rotation out of Big Tech and a slump in treasury yields; and President Biden says he's determined to stay in the race even as further gaffes undermine his campaign. Also on the show, Kenyan president William Ruto fires almost all of his cabinet after deadly protests forced him to scrap his tax plan. Guests include: Mitchell Reiss, Royal United Services Institute, Distinguished Fellow; Aarthi Chandrasekaran, Shuaa Capital, Asset Management Head; and Carla Slim, Standard Chartered, MENA Economist.
00:00 Introduction
02:17 US election race: President Biden's gaffes at the NATO summit
06:35 Mitchell Reiss, Royal United Services Institute, Distinguished Fellow
13:35 Aarthi Chandrasekaran, Shuaa Capital, Asset Management Head
19:05 Kenya: president Ruto fires almost all his cabinet
26:12 Saudi Arabia cuts back funding for some giga projects
29:40 Carla Slim, Standard Chartered, MENA Economist
37:00 American Binance executive due before a Nigerian court
41:15 US Wall St banks due to report 2Q earnings
44:00 The Ambanis' blowout Indian wedding
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.
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00:00 Introduction
02:17 US election race: President Biden's gaffes at the NATO summit
06:35 Mitchell Reiss, Royal United Services Institute, Distinguished Fellow
13:35 Aarthi Chandrasekaran, Shuaa Capital, Asset Management Head
19:05 Kenya: president Ruto fires almost all his cabinet
26:12 Saudi Arabia cuts back funding for some giga projects
29:40 Carla Slim, Standard Chartered, MENA Economist
37:00 American Binance executive due before a Nigerian court
41:15 US Wall St banks due to report 2Q earnings
44:00 The Ambanis' blowout Indian wedding
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.
--------
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: Twitter: BloombergTV
Facebook: Facebook: BloombergTelevision
Instagram: Instagram: bloombergtv
Connect with Bloomberg Business on:
X: Twitter: business
Facebook: Facebook: bloombergbusiness
Instagram: Instagram: bloombergbusiness
TikTok: https://www.tiktok.com/@bloombergbusi...
Reddit: Reddit: bloomberg
LinkedIn: LinkedIn: bloomberg-news
More from Bloomberg:
Bloomberg Radio: Twitter: BloombergRadio
Bloomberg Surveillance: Twitter: bsurveillance
Bloomberg Politics: Twitter: bpolitics
Bloomberg Originals: Twitter: bbgoriginals
Watch more on YouTube:
Bloomberg Technology: @bloombergtechnology
Bloomberg Originals: @business
Bloomberg Quicktake: @bloombergquicktake
Bloomberg Espanol: @bloomberg_espanol
Bloomberg Podcasts: @bloombergpodcasts
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