China Holds Sensitive F-35 Parts Diverted to Hong Kong, AI Bosses Warn World Leaders

China holds sensitive F-35 parts diverted to Hong Kong, while OpenAI’s Sam Altman and Anthropic’s Dario Amodei call on world leaders to strengthen AI safety. An OpenAI model was also used to hack an Australian government health website, as Microsoft pledges an additional $2 billion in the Gulf and Meta launches Muse Charm with a two-inch display. President Donald Trump gives Xi Jinping a rare tarmac welcome as the US and China extend their trade truce to Jan. 10. Treasury Secretary Scott Bessent says the US will see whether tariffs can be removed from $30 billion of trade, while Chinese stocks fall as risks linger despite the extension. The US and Iran remain divided despite renewed contact. President Masoud Pezeshkian says Iran will not accept the language of force, while Secretary of State Marco Rubio says the talks do not represent a major breakthrough and that the Strait of Hormuz will not reopen while the US blockade remains in place. Global markets come under pressure as the US bond selloff deepens. The five-year Treasury yield reaches 5% for the first time since 2007, Asian bonds track Treasury losses and stocks fall as inflation concerns push yields higher. Japan’s 10-year yield climbs 10 basis points, while intervention risk returns for the yen. Oil turns lower as Middle East shipments return to focus, retreating after a 4% surge on Wednesday. Australian stocks pare losses as unemployment rises, while the Nikkei advances as a catch-up rally outweighs concerns over higher yields. Elsewhere, European electric-car sales surge 52%, India’s NSE shares rise in their stock-market debut, and South Africa raises its key interest rate to 7.25% as the SARB steps up its fight against inflation. We also look at the Houthis’ weapons pipeline and how Chinese goods are helping the group sustain its war machine. Guest includes Sree Kochugovindan, Aberdeen Investments Senior Research Economist, Christopher Smart, Arbroath Group Managing Partner & Founder and Danelee Masia, Deutsche Bank CEEMEA Chief Economist & South Africa CEO. 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 00:05:04 - US, Iran Remain Divided Despite New Contact 00:14:45 - Sree Kochugovindan, Aberdeen Investments Senior Research Economist 00:28:29 - Christopher Smart, Arbroath Group Managing Partner & Founder 00:35:21 - Danelee Masia, Deutsche Bank CEEMEA Chief Economist & South Africa CEO 00:42:20 - Houthis Sustain War Machine With Chinese Goods -------- 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