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13.05.25 - 13:36
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Trump Meets MBS as he Seeks Saudi Investment, China Lifts Boeing Ban | Bloomberg The Pulse 05/13 (Bloomberg)
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President Donald Trump is in Saudi Arabia on his first major overseas trip since taking office. He is meeting with Crown Prince Mohammed bin Salman alongside a large group of senior officials and CEOs. Treasury Secretary Scott Bessent is also in Riyadh where he told an investment forum he's upbeat on trade talks with nations in Asia and that progress with Europe will be slower. Meanwhile China has removed a month-long ban on airlines taking delivery of Boeing planes, according to people familiar with the matter, following a breakthrough in trade talks with the US that temporarily slashed tariffs on each side.
Today's guests:
Anwiti Bahuguna, Northern Trust Asset Management Global Asset Allocation CIO, Robert Dafforn, Polus Capital Management Opportunistic Credit CIO, Alastair King, the Lord Mayor of the City of London, Andy Briggs, Phoenix Group CEO, Matteo Renzi, former Italian Prime Minister and Italia Viva Party leader. (Source: Bloomberg)...
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13.05.25 - 13:24
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Trump Arrives in Saudi Arabia; China Restarts Boeing Deliveries | Bloomberg Brief 05/13/2025 (Bloomberg)
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US equity futures drop after rallying on cooling trade tensions. President Trump arrives in Riyadh, Saudi Arabia to kick off a tour of the Middle East. China removes a ban on Boeing deliveries following the reaching of a trade truce with the US. George Saravelos of Deutsche Bank says the market was right to rejoice on the back of the US-China trade negotiation progress. Priya Misra of JPMorgan says that some of the damage of tariffs is done even if the rates ease. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)...
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07.05.25 - 03:27
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Musk, Fink, Zuckerberg Set For Saudi Arabia′s ′MAGA In The Desert′ Conference To Attract U.S. Investment (ZeroHedge)
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Musk, Fink, Zuckerberg Set For Saudi Arabia's 'MAGA In The Desert' Conference To Attract U.S. Investment
Some of the United States' most powerful business leaders will descend on Riyadh for the Saudi-US Investment Forum - dubbed “MAGA in the Desert” - to boost investment in America as President Donald Trump prepares for a highly anticipated visit next week to Saudi Arabia, Qatar, and the United Arab Emirates to deepen ties with key regional players, according to the New York Post.
illustration via Associated Press/Rest of World
Tesla and SpaceX CEO Elon Musk, Meta CEO Mark Zuckerberg, and BlackRock CEO Larry Fink are expected to attend the Saudi-US Investment Forum set to be held on May 13th, sources told the Post. Other corporate leaders slated to attend are OpenAI CEO Sam Altman, Palantir CEO Alex Karp, Boeing CEO Kelly Ortberg, and Citigroup CEO Jane Fraser.
Top Trump administration officials are also said to be attending the forum, including Treasury Secretary Scott Bessent, Commer...
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