Reposted by Joumanna BercetcheDavid Gura @davidgura.bsky.social · 17/06/2025The G7 leaders have agreed to a statement on recent developments between Israel and Iran: 5279
Joumanna Bercetche @joumanna.bsky.social · 13/06/2025‼️Major Mideast Escalation as Israel strikes Iranian nuclear facilities,takes out 2 senior Iranian commanders (head of IRGC & chief of staff of armed forces),warns more strikes will come Iran vows crushing response Oil was +10% now +7% as Iran says oil infra damage is limited 1102
Joumanna Bercetche @joumanna.bsky.social · 06/06/2025Who needs White Lotus when there’s Musk POTUS 1214
Reposted by Joumanna BercetcheDavid Gura @davidgura.bsky.social · 06/06/2025how it started vs. how it’s going 37725
Joumanna Bercetche @joumanna.bsky.social · 04/06/2025Betting against S&P 500 futures every time Trump escalated trade rhetoric and buying them five days later would have yielded 12% since the beginning of February- Nomura strategist Charlie McElligott 3295
Joumanna Bercetche @joumanna.bsky.social · 31/05/2025Came with a chainsaw , left with a black eye - Elon Musk’s political career 1289
Joumanna Bercetche @joumanna.bsky.social · 14/05/2025Good morning. Back for Day 2 in Riyadh! On today’s agenda 10am local : GCC leaders family photo 10.15am: GCC plenary session . MBS opens with remarks then Trump speaks again 0140
Reposted by Joumanna BercetcheRyan Bohl @ryanbohl.bsky.social · 13/05/2025Notably, Trump didn't demand Syria normalize with Israel to get out from under sanctions. That would be an impossible task at the moment, but it was something that might have been expected, given how Trump managed the lifting of Sudanese sanctions in 2020 during the Abraham Accords. 033
Joumanna Bercetche @joumanna.bsky.social · 13/05/2025Everyone thought this trip was going to be mainly a dealmaking trip Trump just delivered a hugely significant geopolitical speech that has very clearly outlined this administration’s goals and hopes in the region. “The birth of a new Mideast” 160
Joumanna Bercetche @joumanna.bsky.social · 13/05/2025US secured $600bn in commitments from Saudi Arabia * this is the same figure MBS and Trump spoke about in January after their phone call 083
Joumanna Bercetche @joumanna.bsky.social · 13/05/2025Trump wants a trillion-dollar show of friendship from Saudi Arabia — but MBS’s massive spending spree at home makes that difficult www.bloomberg.com/news/feature...bloomberg.comTrump Faces $2 Trillion Hurdle to Win Money From Saudi PrinceUS President Donald Trump’s hopes of securing as much as $1 trillion in investment commitments from Saudi Arabia might clash with another costly ambition - transforming the kingdom’s own economy. 051
Joumanna Bercetche @joumanna.bsky.social · 13/05/2025Historic greeting Crown Prince MBS and President Trump’s handshake in Riyadh No awkward fist bumps today 230
Joumanna Bercetche @joumanna.bsky.social · 13/05/2025Bessent in Riyadh,fresh from Geneva “new mechanism with China will avoid new escalation. We have a very good framework. Both sides agreed we don’t want generalized decoupling between the 2 largest econs in the world. US will decouple in strategic industries” #SaudiUSForum2025 020
Joumanna Bercetche @joumanna.bsky.social · 12/05/2025How is it only Monday? Today’s news - US China major trade breakthrough - India Pakistan truce - Zelenskyy in Turkey on Thursday for truce talks. Will Putin join? - Trump gets offered a jet as a gift / loan by Qatari royal family - Trump signs Exec Order to lower pharma prices 151
Joumanna Bercetche @joumanna.bsky.social · 12/05/2025A big win for Trump - also note this was negotiated directly with Hamas officials sidelining Israeli gov Hamas says it released Israeli-American hostage Edan Alexander - www.reuters.com/world/middle...reuters.comHamas says it released Israeli-American hostage Edan AlexanderHamas has released Israeli-American hostage Edan Alexander on Monday, the group said, paving the way for a possible return to ceasefire talks for the war-torn enclave. 021
Joumanna Bercetche @joumanna.bsky.social · 12/05/2025US odds of a recession have dropped from 65% to 44% (and will likely edge even lower after today's US China news). Data is with 24h lag Source: Polymarket 0141
Joumanna Bercetche @joumanna.bsky.social · 12/05/2025BREAKING The US is cutting levies on Chinese goods to 30% from 145% for 90 days. China is lowering its levies on US goods to 10% from 125% for the same time period. 1103
Joumanna Bercetche @joumanna.bsky.social · 12/05/2025Good morning ! صباح الخير! Live in Riyadh today and tracking Trump’s visit through the GCC all week Today talking through what’s on the agenda : diplomacy, deals and a controversial (potential) Qatari Boeing gift 1150
Joumanna Bercetche @joumanna.bsky.social · 11/05/2025I asked the Saudi taxi driver what he thinks of President Trump’s visit this week He responded : هذا يبغى فلوس Meaning : this guy wants money 🫠🫠 2216
Joumanna Bercetche @joumanna.bsky.social · 11/05/2025A post on Saudi’s finances below www.linkedin.com/posts/jouman...linkedin.comSaudi Arabia: finances and Aramco earnings On my way to Riyadh for a… | Joumanna BercetcheSaudi Arabia: finances and Aramco earnings On my way to Riyadh for a pivotal week in the region as Trump makes his way here. Two developments in Saudi Arabia’s economy to note: - Aramco earnings ... 171
Joumanna Bercetche @joumanna.bsky.social · 11/05/2025“A very good meeting today with China, in Switzerland,” Trump said in a post on Truth Social. “Many things discussed, much agreed to. A total reset negotiated in a friendly, but constructive, manner.“ www.bloomberg.com/news/article...bloomberg.comTrump Hails Progress After First Day of US-China Trade TalksSenior US and Chinese negotiators spent hours behind closed doors in Switzerland on Saturday as they held high-stakes talks that offer the clearest opportunity yet for the two countries to de-escalate... 140
Reposted by Joumanna BercetcheGregg Carlstrom @glcarlstrom.bsky.social · 11/05/2025Life in Gaza two-and-a-half months into an Israeli blockade: people are killing horses, butchering wild rabbits, boiling weeds and scouring the shore for turtles to get something to eat. Livestock are already dead and most of Gaza's farmland is barren. www.ft.com/content/48dc...ft.comGaza’s farmers and fishermen eat weeds and turtles as food runs outAttacks on agriculture exacerbate desperate shortages and enclave’s slide towards famine 311882
Joumanna Bercetche @joumanna.bsky.social · 09/05/2025Trump’s Scant UK Deal Shows Limits of Frenzied Trade Strategy "As the president began revealing specifics of the deal,it became clear it fell short of the full and comprehensive agreement he had promised,or the US-UK free-trade pact he pursued during his first term" www.bloomberg.com/news/article...bloomberg.comTrump's UK Trade Deal Leaves Key Issues UnresolvedPresident Donald Trump pitched his trade framework with the UK as a historic achievement, and the first step in his revolutionary effort to overhaul the global economy. 1122
Reposted by Joumanna BercetcheRachel Ziemba @reziemba.bsky.social · 08/05/2025UK-US deal- So its a deal to have a deal. Seems to include -streamlining US goods in UK customs - maximum levels (quotas for duty free access) for some items subject to sectoral tariffs. -agreement to keep talking Both countries looking to announce a deal. Terms useful as cues for others 172
Reposted by Joumanna BercetcheAriel Edwards-Levy @aedwardslevy.bsky.social · 08/05/2025filling time on air until the new pope is announced is known as "pontiffication" 793025412
Joumanna Bercetche @joumanna.bsky.social · 08/05/2025Tough to keep track but in the past 12h, Trump has: - teased big trade deal announcement at 10am ET (NYT saying it's UK) - said he wouldn't consider lowering145% tariff on China to start trade talks - On Gaza "we'll know something in the next 24h" - Houthis "we had good outcome" 1111
Joumanna Bercetche @joumanna.bsky.social · 07/05/2025China: PBOC cut the policy rate by 10bps and RRR by 50bps BBG Economics: "Using our in-house model SHOK, we estimate the cuts to the policy rate and RRR could lift GDP growth by as much as 0.8-1 percentage point over the four quarters through 1Q26." "This is a powerful signal" 192
Joumanna Bercetche @joumanna.bsky.social · 06/05/2025Carney has definitely gone for the flattery approach (that tends to work!) 2120
Joumanna Bercetche @joumanna.bsky.social · 06/05/2025Trump teases a VERY VERY BIG ANNOUNCEMENT he will make towards end of this week (Into and before his Mideast trip) 371
Joumanna Bercetche @joumanna.bsky.social · 06/05/2025Today was Friedrich Merz’s worst and best day ever 0100
Joumanna Bercetche @joumanna.bsky.social · 06/05/2025Woaaaah Merz fails to be elected chancellor by German parliament - www.reuters.com/world/europe...reuters.comMerz fails to be elected chancellor by German parliamentGerman conservative leader Friedrich Merz failed to garner the parliamentary majority needed to become chancellor on Tuesday in an unexpected setback for his new coalition with the centre-left Social Democrats. 051
Reposted by Joumanna BercetcheZiad Daoud @ziaddaoud.bsky.social · 05/05/2025A Houthi missile evaded Israel air defense & struck near its main airport on Sunday Israel says a technical issue caused the failure to intercept the missile Weeks of US airstrikes in Yemen have failed to stop Houthi missiles on Israel www.bloomberg.com/news/article...bloomberg.comIsrael Fails to Intercept Houthi Missile, Vows Harsh ResponseIsrael vowed a harsh response after a missile launched by Houthi militants in Yemen thwarted its aerial defenses and struck near the country’s main airport. 032
Joumanna Bercetche @joumanna.bsky.social · 05/05/2025Stat du jour: Taiwan has a huge pile of overseas assets amounting to $1.7tn, much of it in the form of US bonds — including Treasuries and corporate debt — held by its life insurers. (FT) 051
Joumanna Bercetche @joumanna.bsky.social · 03/05/2025Now Trump the first US President in history to also lose an Australian election 0371
Joumanna Bercetche @joumanna.bsky.social · 03/05/2025OPEC+ agreed to boost oil production further in June, according to delegates, potentially deepening the slump in crude prices. Key nations led by Saudi Arabia and Russia agreed on to add 411,000 barrels a day next month, the delegates said www.bloomberg.com/news/article...bloomberg.comOPEC+ Agrees Another Oil Supply Surge for June, Delegates SayOPEC+ agreed on another output surge in June, accelerating a revival of supply for a second month as the group’s leaders seek to chastise overproducing members in a strategy shift that has already sen... 091
Joumanna Bercetche @joumanna.bsky.social · 02/05/2025Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect. www.bloomberg.com/news/article...bloomberg.comChina Shipping Loophole Closed by Trump, Raising Prices for US ConsumersSmall-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect. 0102
Joumanna Bercetche @joumanna.bsky.social · 02/05/2025Interesting that despite stabilization in risky assets, prediction odds of a US recession keep rising Polymarket odds of recession in 2025: 66% 1386
Joumanna Bercetche @joumanna.bsky.social · 01/05/2025The US is weighing a potential easing of restrictions on Nvidia sales to the United Arab Emirates, according to people familiar with the matter, who said President Trump could announce the start of work on a bilateral chip deal during his upcoming trip to the Gulf www.bloomberg.com/news/article...bloomberg.comUS Weighs Easing Nvidia Chip Curbs on UAE as Trump Plans VisitThe US is weighing a potential easing of restrictions on Nvidia Corp. sales to the United Arab Emirates, according to people familiar with the matter, who said President Donald Trump could announce th... 241
Joumanna Bercetche @joumanna.bsky.social · 01/05/2025Why is oil plummeting? - unhelpful global demand signals - reports that OPEC+ may once again look to increase production / add extra barrels at the upcoming May 5 meeting Watch convo with Anthony Di Paola today www.youtube.com/watch?v=qe3O... 061
Joumanna Bercetche @joumanna.bsky.social · 01/05/2025Happening at 11.15am Dubai Charting a Path through the Haze: How will Middle East region respond to global uncertainties & lower oil prices? Moderating the IMF REO panel with MECA head Jihad Azour, RBC's Helima Croft, Majid Al Futtaim CEO & TarikYousef Watch here: www.youtube.com/live/P88ytVh...youtube.comThe IMF’s Middle East and North Africa Regional Economic Outlook: Charting a Path through the HazeThe Middle East and North Africa face growing uncertainty amid shifting global geopolitics, trade tensions, and weakening international cooperation. These global developments, combined with regional c... 040
Joumanna Bercetche @joumanna.bsky.social · 01/05/2025Trump trade adviser Peter Navarro called the GDP report “the best negative print I have ever seen in my life” in an interview Wednesday with CNBC 1141
Joumanna Bercetche @joumanna.bsky.social · 01/05/2025Dovish BOJ No hike as expected but change in language "Risks to prices are also skewed to the downside for fiscal 2025 and 2026." Last report had risks to upside! 2027 core CPI forecast is 1.9%, below 2% target 0125
Reposted by Joumanna BercetcheCarl Quintanilla @carlquintanilla.bsky.social · 30/04/2025GM. Volvo. Snap. UPS. Companies pulling earnings guidance leads Page One. @wsj.com 10681173
Joumanna Bercetche @joumanna.bsky.social · 30/04/2025Great piece from Javier Blas on what happened in Spain & how to remedy: essentially how to integrate renewables into the grids in a way that is conducive to stability Spanish Blackout Shouldn't Trigger a Green Retreat - Bloomberg www.bloomberg.com/opinion/arti...bloomberg.comLessons From the First Blackout of the Green EraSpain's blackout shouldn't trigger a retreat from renewables, but an upgraded grid is urgently needed for the energy transition. 071
Joumanna Bercetche @joumanna.bsky.social · 30/04/2025Global stocks set to end the month in the green (after all that) 140
Joumanna Bercetche @joumanna.bsky.social · 30/04/2025First look at China factory activity since tariffs: Worst contraction since December 2023. Offical manufacturing PMI came in at 49 vs 50.5 in March Cargo shipments down 60% according to one estimate Many banks have growth forecasts of 4% or lower for this year 1151
Joumanna Bercetche @joumanna.bsky.social · 30/04/2025US deal activity didn't get the Trump Bump GS's David Solomon told Francine Lacqua yday that private equity dealmaking &the number of mergers over $500mm actually increased in Q1 "My own belief is things will settle down,we’ll have a clearer policy perspective&some normalization of capital markets” 170