Britain plans to deploy RAF Typhoon fighters to defend Saudi cities against Houthi missiles and drones. The attacks are testing the kingdom’s defences and adding to its economic pressures. Saudi Arabia’s substantial wealth contrasts with tighter cash flows, as spending increased 15% in the first half of 2026.
Oil moves higher as attacks on ships in the Strait of Hormuz threaten crude deliveries. Meanwhile, Asian shares and US markets gain as stronger American AI earnings revive enthusiasm for technology stocks. Ken Griffin offers a cautionary counterpoint, warning that the AI investment boom shows signs of a bubble.
Elon Musk backs the idea of combining Tesla and SpaceX. Both companies have formed committees to explore a potential merger, but no agreement has been reached.
The Wall Street Journal reports that Anthropic’s computing commitments could eventually reach $750 billion, including around $450 billion in cloud agreements over seven to ten years. Its demand exceeds available computing capacity, while potential liability for AI-related harm presents another major risk. First-half 2026 figures show revenue of $16.3 billion, nearly $9 billion spent on computing and infrastructure, and an $80.7 billion net loss largely attributable to accounting adjustments.
Markets Live considers whether strong growth could push Treasury yields to fresh highs. Rufaro Chiriseri, RBC Wealth Management’s Head of Fixed Income for the UK and Europe, remains cautious about longer-dated US bonds and discusses how concerns about passing France’s budget risk becoming self-reinforcing.
Netflix faces a fourth consecutive quarter of slowing revenue growth. Ted Sarandos acknowledges that the US business is not expanding as quickly as the company would like.
Emirates NBD reports third-quarter operating income of AED14.3 billion, slightly above the AED14.2 billion estimate. Dubai’s luxury housing market cools from record levels, with Knight Frank counting 86 sales of homes costing at least $10 million during the quarter. Separately, Maven plans to close its New York office as it builds its presence in Dubai.
At the APEC finance ministers’ gathering, China’s Lan Fo’an calls for a coordinated response to global economic uncertainty. ECB Chief Economist Philip Lane argues that wider international use of the euro could strengthen the central bank’s ability to manage inflation.
Volodymyr Zelenskyy describes recent discussions with Washington positively, while US envoy Steve Witkoff prepares to meet Vladimir Putin as diplomatic efforts over Ukraine continue.
Senegal’s bonds fall sharply as a budget dispute unsettles investors. In South Africa, Enoch Godongwana is expected to maintain fiscal discipline, with attention on whether the government can improve on its consolidated deficit forecast of 4% of GDP for 2026–27. A proposed fiscal anchor would help restrain public debt, while Moody’s sees the possibility of its first South African rating upgrade since 2009. Guests includes Rufaro Chiriseri, RBC Wealth Management Head of Fixed Income, UK & Europe and Vandana Hari, Vanda Insights Founder.
Chapters:
00:00:00 – Introduction
00:04:53 – UK to Deploy Fighter Jets to Defend Saudi Arabia
00:10:40 – SpaceX and Tesla Form Committees to Discuss Tie-Up
00:15:15 – Rufaro Chiriseri, RBC Wealth Management Head of Fixed Income, UK & Europe
00:27:28 – Vandana Hari, Vanda Insights Founder
00:36:07 – Dubai Luxury Home Sales Fall From Record Levels
00:40:19 – South Africa in Line for Credit Rating Upgrade
——–
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