President Trump moves to oust Fed Governor Lisa Cook over mortgage fraud allegations. But Cook is fighting back, disputing the president’s authority and refusing to resign. Trump threatens fresh tariffs and export restrictions on advanced technology and semiconductors, hitting back at digital services taxes he says discriminate against US tech giants. And Israel lauds Lebanon’s move to disarm Hezbollah, offering to draw down its remaining troops on Lebanese soil if the government follows through. Plus, is the credit market complacent in the face of emerging risks from Fed uncertainty and tariffs? We discuss the record tightness in credit spreads with Mahesh Bhimalingam, Global Head of Credit Strategy at Bloomberg Intelligence.
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
00:05:00 – Trump moves to oust Fed’s Lisa Cook
00:08:16 – Trump threatens tariffs and tech export curbs over digital tax
00:12:36 – Ben Powell, BlackRock Investment Institute Chief Middle East & APAC Investment Strategist
00:21:05 – France risks collapse again with confidence vote
00:33:20 – Israel lauds Lebanon’s move to disarm Hezbollah
00:36:31 – With spreads at record tightness, is the credit market too complacent?
00:42:01 – South Africa plans to tax more millionaires
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