Binance Says $6.3B Hacked in Crypto Heist

Oil rises as markets weigh the risk of renewed conflict with Iran. The WSJ reports Trump has been briefed on military options, while Tehran says a letter from JD Vance does not change its peace terms. Saudi Arabia reports intercepting a Houthi drone over Mecca, with one person injured in Riyadh by falling missile debris. Niamh McBurney of Control Risks says US action is more likely after the midterms. Exxon and Chevron also cancel executive trips to ADIPEC. Global tech shares remain under pressure as investors question AI spending. Amazon costs rise, Intel’s outlook disappoints and Asian chip stocks fall. Eric Robertsen of Standard Chartered says markets are nervous ahead of the US midterms, while SHUAA Capital’s Aarthi Chandrasekaran expects one more Fed hike this year. The Bank of Japan holds rates at 1.25% and signals further increases remain possible. Bitcoin falls after a major Binance hack, with the company estimating a $6.3 billion impact. Israel’s election remains under investigation after Netanyahu alleges irregularities, while Polymarket reviews election-related trades and Arab-party support could still shape coalition talks. Elsewhere, Dino Varkey discusses GEMS Education’s AI-powered school model, South Africa’s debt outlook improves after revised data, Egypt raises rates, Senegal accelerates arrears payments, and ETG plans a $2 billion fertilizer plant in Mozambique. Also in focus: Foxconn’s outlook for AI-driven consumer electronics, Bloomberg Originals’ “Bad Vibes Economy,” and Christine Lagarde’s expected ECB exit. Chapters: 00:00:00 - Introduction 00:08:12 - Global Tech Selloff Deepens 00:12:36 - Eric Robertsen, Standard Chartered Global Head of Research & Chief Strategist 00:18:28 - Israel Election Investigation 00:28:09 - Why Another Iran War May Not Send Oil to $150 00:33:27 - Dino Varkey, GEMS Education Group CEO 00:42:06 - South Africa Debt Ratio Seen Falling After Data Revision 00:51:10 - Asian Tech Shares Extend Global Rout 00:54:24 - Aarthi Chandrasekaran, SHUAA Capital Head of Public Markets 01:01:43 - Binance Says $6.3B Impact as Crypto Reels From Hack 01:13:36 - Niamh McBurney, Control Risks Director 01:21:22 - Michael Chiang, Foxconn Rotating CEO 01:26:39 - ETG Plans $2B Mozambique Fertilizer Plant 01:29:00 - Lagarde Exits ECB With Big Wins and Some Stumbles -------- 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