Half-Point Fed Cut, More Blasts in Lebanon | Horizons Middle East & Africa 09/19/2024

Jay Powell says the 50-basis-point rate cut reflects the Fed's 'risk management' approach' as they aim for a soft landing. Also on the show: Lebanon hit with a fresh wave of exploding telecommunications devices on Wednesday; BoE expected to hold rates steady at 5%; South African Reserve Bank set to kick off easing cycle; Gavi purchasing 500,000 mpox vaccines from Bavarian Nordic; European car sales fell more than 16% in August. Guests include: Yves Bonzon, Julius Baer, Global CIO; Karen Young, Columbia University, Senior Research Scholar; Sania Nishtar, Gavi, CEO. 00:00 Introduction 06:25 Yves Bonzon, Julius Baer, Global CIO 14:24 Walkie-talkies explode in new Beirut attacks 15:40 Karen Young, Columbia University, Senior Research Scholar 27:15 Bank of England decision day 36:15 SARB seen kicking off rate-cut cycle 39:51 Sania Nishtar, Gavi, CEO 43:00 Europe's August car sales fall 16.5% 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. -------- 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