Trump's Return, Saudi AI Project, EU Summit | Horizons Middle East & Africa 11/07/2024

Donald Trump made a historic political comeback with Republicans on track for a clean sweep of the White House and Congress. Also on the show: Israel's Prime Minister Benjamin Netanyahu was among the first to congratulate Trump on his win; Asian stocks are lower as investors weigh ramifications of a second Trump presidency; Trump plans to undo many of his predecessor's policies including an executive order on AI; Jerome Powell is back in Trump's world ahead of a widely expected Fed rate cut; traders world leaders are taking stock as Donald Trump's victory promises to shake up US energy and environmental policy; Trump's win risks reigniting a trade war with China; Bloomberg has learned Saudi Arabia is planning a new $100B AI project to rival UAE; Trump's return sends emerging market currencies lower; Treasury yields surge as investors piled into bets that Trump's return to the White House will boost inflation; Trump's win to be discussed as 50 leaders from across Europe gather in Budapest; the Bank of England is expected to cut rates. Guests include: Charles-Henry Monchau, Banque Syz, CIO; Rachel Ziemba, Ziemba Insights, Founder; Anne-Laure Kiechel, Global Sovereign Advisory, Founder & CEO; Syga Thomas, Ensah Advisory Partners, CEO.

00:00 Introduction
06:03 Trump wins US presidency for second time
08:38 Netanyahu among first to congratulate Trump
12:35 Netanyahu replaces Gallant with Katz
14:05 Charles-Henry Monchau, Banque Syz, CIO
19:25 Big tech assess Trump 2.0 outlook
27:10 Fed expected to cut rates
30:34 Rachel Ziemba, Ziemba Insights, Founder
37:35 Trump win stokes China-US trade war risks
41;33 Saudi plans $100B AI powerhouse
58:48 Anne-Laure Kiechel, Global Sovereign Advisory, Founder & CEO
01:06:42 Big tech assess Trump 2.0 outlook
01:16:13 Fed expected to cut rates
01:19:45 Syga Thomas, Ensah Advisory Partners, CEO
01:26:00 European leaders meet in Budapest
01:30:15 Bank of England expected to cut rates

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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