Saudi Arabia Intercepts Drone Waves, Trump Says Riyadh Welcomes US and Israeli Support
Saudi Arabia says its defences have stopped incoming Houthi missiles and drones, including repeated waves over Riyadh. Donald Trump says the kingdom welcomes American and Israeli assistance, while Saudi and UAE officials discuss their response to the regional security situation.
A Saudi helicopter has crashed near the Yemeni border. Meanwhile, the disruption to travel is affecting preparations for the FII investment gathering, with executives reportedly being offered the option to participate remotely following the deadly attacks.
US stock futures recover some ground after heavy selling in semiconductor shares. Oil eases from its highest level in five months, while Treasuries attract investors seeking protection from market turbulence. Inflation pressures and doubts about AI investment continue to unsettle trading. In Indonesia, uncertainty over MSCI’s classification adds to selling across equities and bonds.
Anger over household expenses and conditions in schools has brought thousands onto France’s streets. Alongside peaceful demonstrations, violence in several cities has left businesses looted and public buildings damaged, including the town hall in Limoges. Authorities report thousands of arrests. Emmanuel Macron is urging a return to order while acknowledging the concerns of peaceful protesters. The government also faces questions about its preparations and police tactics, with the damage adding to pressure from businesses and local leaders.
Disagreements between Washington and Kyiv deepen as Volodymyr Zelenskyy accuses Trump of pressing Ukraine to accept Russia’s demands. Trump wants Ukrainian strikes on Russian refineries to stop, while Vladimir Putin has reportedly proposed negotiations involving Trump and Xi Jinping. Separately, Trump has endorsed Benjamin Netanyahu’s bid for reelection.
Anthropic begins discussions with New York City’s comptroller following calls to delay its listing over AI safety concerns. Nscale also faces resistance from prospective investors over the valuation it is seeking for its IPO.
Republic of Congo Finance Minister Christian Yoka tells Bloomberg that negotiations with the IMF could produce a staff-level agreement within weeks. He identifies debt management as a central priority and explains how listing a Eurobond in Dubai could bring a broader range of investors into the country’s financing plans.
In Mauritius, an extended curfew follows riots and looting, with more than 150 arrests since the demonstrations began. The restrictions coincide with the opening of an important quarter for the tourism industry. Guests includes Ben Powell, BlackRock Investment Institute Chief Middle East & APAC Investment Strategist, Matthew Mullman, Signum Global Advisors Senior Global Macro Analyst and Christian Yoka, Republic of Congo Finance, Budget & Public Portfolio Minister.
Chapters:
00:00:00 – Introduction
00:04:44 – Ben Powell, BlackRock Investment Institute Chief Middle East & APAC Investment Strategist
00:12:03 – Oil Pulls Back From Five-Month High
00:15:16 – Matthew Mullman, Signum Global Advisors Senior Global Macro Analyst
00:27:40 – Zelenskyy Says Trump Is Pushing Ukraine to Yield to Russia
00:31:22 – Christian Yoka, Republic of Congo Finance, Budget & Public Portfolio Minister
00:37:45 – France Grapples With Fallout From Protests
00:43:06 – Mauritius Extends Curfew After Riots and Looting
——–
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
