The Art of the Deal Eludes Trump on Iran as Oil Gains | Insight with Haslinda Amin 9/2/2026

Watch on YouTube ↗  |  September 02, 2026 at 06:15  |  47:38  |  Bloomberg Markets
Speakers
Scott Bessent — Treasury Secretary
Nour Eldeen Al-Hammoury — Journalist, Al Arabiya
KS Pua — CEO, Phison Electronics
Haslinda Amin — Anchor, Bloomberg Television
Hong — Bloomberg Reporter
Shetty — Equities Option Reporter, Bloomberg
Nupur Acharya — India Money and Power Coverage, Bloomberg
Sanjay — Chairman and Chief Executive Officer

Summary

The episode covers market pressure from rising oil prices and bond yields amid U.S.-Iran conflict, with Equiti strategist Noureldeen Al Hammoury warning on the 10-year Treasury 4.8-5% zone and staying constructive on AI tech while favoring precious metals as a dollar-debasement hedge. Phison CEO KS Pua argues memory is in a decade-long NAND undersupply supercycle driven by AI storage demand. The program also reports on BOJ rate hike signals, India's NSE auction liquidity issues, HDFC Bank CEO exit, and Tata Group succession delays.

  • Oil rises above $90 as U.S.-Iran strikes escalate and Strait of Hormuz risks grow.
  • Asia stocks fall as higher oil and Treasury yields weigh; 30-year bond protection demand rises.
  • Equiti strategist sees the 10-year U.S. yield 4.8-5% zone as critical and remains constructive on AI tech.
  • Gold, silver and platinum are cited as hedges against dollar debasement.
  • BOJ Ueda comments keep September rate hike bets elevated; JGB 10-year yield hits 3%.
  • Phison CEO sees NAND undersupply and an AI-driven memory supercycle until 2030.
  • India stories cover NSE closing auction liquidity, HDFC Bank CEO exit, and Tata Group succession uncertainty.
Ideas
Scott Bessent Treasury Secretary 0:18
Elevated energy prices will come down.
Energy prices are temporarily elevated and will come down, though the timing is uncertain; he is working to bring costs down and expects the economy to get through this period.
WTI LOW
Nour Eldeen Al-Hammoury Journalist, Al Arabiya 9:37
Watch 10-year Treasury yield near 5%.
He is watching the 4.8%-5.0% zone on the 10-year U.S. Treasury yield as the key decision area. If yields top out there, it would ease market fear, but a break above 5% would signal much higher yields and more pain for equities.
US10Y HIGH
Nour Eldeen Al-Hammoury Journalist, Al Arabiya 12:06
Tech and AI demand still strong.
He remains a believer in tech and AI demand. He positioned in CRM before strong earnings, sees Oracle likely to rally, and points to Dell's AI server optimization adding about $7 billion in revenue as evidence this is real demand rather than an AI bubble.
CRM DELL ORCL HIGH
Nour Eldeen Al-Hammoury Journalist, Al Arabiya 16:48
JGB 10-year yields stay biased upward.
The 10-year JGB yield at 3% remains under upward pressure because Japan's fiscal concerns are not resolved and the BOJ is on a tightening path; official jawboning or intervention can only create sharp pullbacks before investors return if rate differentials stay wide.
10-year JGB yield MED
Nour Eldeen Al-Hammoury Journalist, Al Arabiya 19:45
Dollar debasement risk becoming more concrete.
He warns the dollar debasement trade is becoming more concrete as unsustainable U.S. fiscal deficits and repeated government shutdown avoidance raise the risk the U.S. is eventually forced into austerity; he says this is a longer-term watch, not a near-term timing call.
USD MED
Nour Eldeen Al-Hammoury Journalist, Al Arabiya 19:54
Hedge dollar debasement with precious metals.
He argues the dollar debasement trade is becoming more concrete because of unsustainable U.S. fiscal deficits; investors are under-hedged and hard assets/precious metals like gold, silver and platinum are the clean hedge.
GLD SILVER PPLT MED
KS Pua CEO, Phison Electronics 25:11
NAND memory undersupply and supercycle continue.
NAND flash is in a big undersupply today, next year will be the worst supply year, and AI inference/storage demand is enormous and not limited, supporting a decade-long memory supercycle to 2030.
NAND flash memory HIGH
KS Pua CEO, Phison Electronics 26:30
Phison benefits from memory shortage, edge AI.
Phison is both a victim and beneficiary of the NAND shortage: it supplies controllers and SSD modules for AI storage, and is expanding into SME on-premise edge AI with integrated SSD/server solutions, which supports future demand and financing for inventory.
8299.TW MED
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This Bloomberg Markets video, published September 02, 2026, features Scott Bessent, Nour Eldeen Al-Hammoury, KS Pua discussing WTI, US10Y, CRM, DELL, ORCL, 10-year JGB yield, USD, GLD, SILVER, PPLT, NAND flash memory, 8299.TW. 8 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Scott Bessent, Nour Eldeen Al-Hammoury, KS Pua  · Tickers: WTI, US10Y, CRM, DELL, ORCL, 10-year JGB yield, USD, GLD, SILVER, PPLT, NAND flash memory, 8299.TW