Passengers Avert FlyDubai Tel Aviv Crash After Pilot Attacked; Oil Holds Gains on Hormuz Recovery

Oil holds its gains as traders weigh the recovery in Middle East crude flows. Hormuz shipments approach late-June highs, while President Donald Trump says oil flows through the strait have returned to historic levels. UAE Energy Minister Suhail Al Mazrouei says the country sees demand for its additional oil supply, while Iraq offers discounts on crude. Iranian Foreign Minister Abbas Araghchi presents a US proposal to Iran’s president as diplomatic efforts continue. Qatar is also seeking common ground between Washington and Tehran. Asian bonds follow Treasuries lower and stocks decline, while US consumer spending posts its biggest increase in a year. Trump calls for Federal Reserve Chair Jerome Powell to resign over the Fed’s renovation project. Asian chip stocks rise after Micron delivers a bullish forecast, projecting first-quarter adjusted revenue of $60 billion to $63 billion, above estimates, while warning that employee pay increases will weigh on margins. Saudi Arabia raises its 2026 budget deficit forecast to 4.9%, while Singapore’s Temasek expands its presence in the Middle East. Kenyan inflation reaches a 32-month high in September. Ethiopia plans to withdraw more than 3,000 troops from Somalia in the coming days or weeks as it focuses on fighting rebels at home, while Somalia continues battling Al-Qaeda-linked insurgents. A Flydubai flight makes an emergency landing in Tabuk, Saudi Arabia, following a cockpit incident that is under investigation, with passengers and crew helping avert a potential disaster. Ben Affleck tells Bloomberg’s Screen Time that AI won’t take over Hollywood. Netflix’s co-CEO discusses sustaining growth, saying the company isn’t growing as fast as he wants, while highlighting the engagement generated by live events and Netflix’s approach to acquisitions. Guests includes Nick Stadtmiller, Emirates NBD Chief Economist & Research Group Head and Victoria Mitchell, Control Risks Senior Analyst, Maritime. 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 00:04:22 - FlyDubai Incident Under Investigation 00:08:12 - Nick Stadtmiller, Emirates NBD Chief Economist & Research Group Head 00:14:22 - Micron Gives Bullish Forecast 00:18:55 - Ethiopia Plans Somalia Troop Withdrawal 00:27:25 - Victoria Mitchell, Control Risks Senior Analyst, Maritime 00:35:14 - Temasek Expands in the Middle East 00:40:00 - Netflix Co-CEO Ted Sarandos on Sustaining Growth -------- 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