UAE Fends Off Iran Attack as Conflict Escalates | Horizons Middle East & Africa 9/1/2026

Watch on YouTube ↗  |  September 01, 2026 at 07:33  |  46:04  |  Bloomberg Markets
Speakers
Jensen Huang — CEO, NVIDIA
Mahjabeen — Head of FX Research, ANZ
Winnie Hsu — Bloomberg Reporter (Asia Markets)
Rachel Ziemba — Founder, Ziemba Insights
Alex — Money and Power Reporter, Bloomberg
Robert Kaplan — Vice Chair, Goldman Sachs; former President, Federal Reserve Bank of Dallas
Abeer — Anchor, Bloomberg
Anthony — Economy Editor, Bloomberg

Summary

The episode covers Middle East conflict and oil market stress, with Brent and WTI extending gains as Hormuz disruptions raise operational risk. It also follows Shein's weak Hong Kong debut, Nvidia's $3.5 billion MediaTek investment, a global bond selloff and hawkish Fed signals. ANZ sees BOJ tightening and a weaker dollar, while Robert Kaplan sees September rate-hike risks and sticky long-end yields. Saudi Arabia's economy is under pressure from the conflict.

  • Oil rises for a second session as U.S.-Iran hostilities threaten Strait of Hormuz flows.
  • Rachel Ziemba expects persistent operational risk and product stress, especially diesel.
  • Shein falls in its Hong Kong debut, facing U.S. tariff and Temu competition.
  • Nvidia announces a $3.5 billion MediaTek investment; Jensen Huang is bullish on the partnership and Nvidia's AI stack.
  • Global bonds sell off with Australian and Japanese yields at multi-year highs.
  • ANZ expects aggressive BOJ hikes, yen support, and medium-term dollar decline.
  • Robert Kaplan says the case for a September Fed rate hike is building and long-end yields are sticky.
  • Saudi Arabia seeks loans as conflict hits its economy and oil sector.
Ideas
Jensen Huang CEO, NVIDIA 8:28
Nvidia partnership validates profitable SoC leader
Nvidia's $3.5 billion investment in MediaTek is grounded in a multi-year, decade-long partnership and not circular financing; MediaTek is already profitable and the world's best SoC maker, and Jensen expects the investment to generate phenomenal returns. MediaTek's CEO added that proceeds will support supply chain, technology and advanced packaging.
2454.TW HIGH
Jensen Huang CEO, NVIDIA 12:01
Nvidia full-stack GPU dominates AI acceleration
Jensen says Nvidia's GPU is a general-purpose accelerator, not a specialized XPU, and accelerates the entire AI lifecycle from data processing through pretraining, post-training and inferencing across all AI models. That full-stack platform makes Nvidia the most fungible, durable and rentable AI infrastructure and lets it address markets nobody else can.
NVDA HIGH
Mahjabeen Head of FX Research, ANZ 14:57
BOJ aggressive hikes support yen
Mahjabeen says the U.S. and Japan are coordinating on the yen, and ANZ expects the Bank of Japan to raise rates aggressively; that path would offer relative support to the yen.
FXY MED
Mahjabeen Head of FX Research, ANZ 17:48
Dollar downtrend on policy uncertainty
ANZ maintains that the dollar is in a downward trend and expects medium-term declines; the Fed will struggle to out-hawk the RBNZ and BOJ, approaching midterms brings policy uncertainty, and U.S. economic momentum is slowing relative to other economies.
DXY HIGH
Winnie Hsu Bloomberg Reporter (Asia Markets) 27:22
Shein faces tariffs, Temu, profitability doubts
Winnie Hsu argues Shein's Hong Kong debut shows the company still has much to prove: shares fell as much as 10%, the IPO valued it about 70% below its 2022 private valuation, U.S. tariffs and Temu competition are headwinds, and it swung from a $400 million profit to a $99 million first-quarter loss.
SHEIN HIGH
Rachel Ziemba Founder, Ziemba Insights 30:34
Hormuz operational risk bullish crude
Rachel Ziemba sees the Strait of Hormuz shifting into a persistent operational-risk environment due to mines, elevated insurance, self-insured shipping, transponders being off and military incidents; with supply-side opacity, she expects oil prices to continue trending up and remain volatile.
WTI BNO HIGH
Rachel Ziemba Founder, Ziemba Insights 31:38
Diesel pain builds into fall
She flags that beyond crude the global economy is seeing significant pain in refined products like diesel, and expects that product pain to build further into the fall.
DIESEL MED
Alex Money and Power Reporter, Bloomberg 38:38
Saudi economy hit by conflict
Alex reports that Saudi Arabia is under financial pressure from the Iran conflict: the economy suffered its steepest contraction since the pandemic, the second quarter was down 4.8% year-on-year, the oil sector slumped 25%, and Houthi Red Sea attacks complicate bypass routes while the kingdom seeks at least $8 billion in loans.
KSA MED
Robert Kaplan Vice Chair, Goldman Sachs; former President, Federal Reserve Bank of Dallas 40:43
September Fed hike pressures short Treasuries
Robert Kaplan says the case for a September Fed rate hike is building; assuming no soft surprises in jobs or CPI he would lean toward raising in September, with possible further action in October and a revisit in December because policy is near neutral or slightly accommodative.
U.S. 2-Year Treasury HIGH
Robert Kaplan Vice Chair, Goldman Sachs; former President, Federal Reserve Bank of Dallas 43:22
Fiscal skepticism keeps long yields sticky
Kaplan says the Treasury market is skeptical the U.S. can reduce its fiscal deficit, so the long end requires more compensation and will stay sticky absent fundamental reforms such as entitlement reform, productivity gains or spending discipline.
U.S. Long-End Treasuries MED
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This Bloomberg Markets video, published September 01, 2026, features Jensen Huang, Mahjabeen, Winnie Hsu, Rachel Ziemba, Alex, Robert Kaplan discussing 2454.TW, NVDA, FXY, DXY, SHEIN, WTI, BNO, DIESEL, KSA, U.S. 2-Year Treasury, U.S. Long-End Treasuries. 10 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jensen Huang, Mahjabeen, Winnie Hsu, Rachel Ziemba, Alex, Robert Kaplan  · Tickers: 2454.TW, NVDA, FXY, DXY, SHEIN, WTI, BNO, DIESEL, KSA, U.S. 2-Year Treasury, U.S. Long-End Treasuries