The world needs leaders who promote peace strongly and to achieve that you have to break some rules. When president arrived he asked me to join him in the car. I said that's again the security and protocol rules and he was delighted to break the rules and I >> Donald Trump seems to have walked away with more than just goodwill and handshake through his brief visit to Southeast Asia.The US president left the region with a flurry of new trade deals with Cambodia, Malaysia, Thailand, and Vietnam. But not only ...

Geopolitical Strategy - Southeast Asia trade deals could help Washington counter Beijing [1] - These deals may set the stage for a meeting between Trump and Xi Jinping [1]

Trade Relations - China expanded its free trade pact with a group of Southeast Asian nations [1] - This move deepens China's economic ties with the region [1] - The expansion occurs amidst efforts by the former US President to engage the region through trade deals [1]

Can the UK government secure trade deals abroad that reduce the need for tax hikes at home? With Chancellor Rachel Reeves in the Gulf, that's the hope. Get the Readout with @allegrastratton https://t.co/hfbhTe99ak ...

The Canadian prime minister talks about renegotiating trade deals under Trump, balancing climate goals with oil revenue and why Canada can’t afford to let Washington lead. https://t.co/pYgOw4Ve0I ...

Trade & Politics - Canadian prime minister discusses renegotiating trade deals under Trump administration [1] - Canada aims to balance climate goals with oil revenue [1] - Canada seeks to avoid Washington's leadership in certain areas [1]

US-Australia Economic & Military Alliance - US and Australia announce a $3 billion joint venture project to develop critical minerals, potentially yielding $50 billion in these minerals [2] - The US-Australia military alliance, dating back to World War I, could continue to benefit both countries through sales of American planes and military technology [4] - From Australia's perspective, this alliance partly aims to contain China in their neighborhood [4] US-China Trade Relations - Despite trade tensions, the US President believes good trade deals can be made with China, including the purchase of American soybeans [3] - The President suggests that current economic pressure between the world's two largest economies will ultimately "work out fine" [3] Middle East Ceasefire - The US President indicates that if the ceasefire between Hamas and Israel doesn't hold, Israel, with US support, would forcibly disarm Hamas [4] - The White House believes it has done the "heavy lifting" to establish the ceasefire and expects other regional partners, particularly Gulf Arab countries, to ensure it holds [6] - The White House has declared victory in the Middle East and needs that victory to hold [7]

The Canadian prime minister talks about renegotiating trade deals under Trump, balancing climate goals with oil revenue and why Canada can’t afford to let Washington lead. https://t.co/vB7Vxr0svS ...

Market Reactions to Tariff Announcements - President Trump announced a 100% tariff on all movies made outside the United States, aiming to rejuvenate the American film industry, which led to a decline in shares for Netflix and Warner Bros Discovery [2][3] - The immediate market reaction included Netflix shares dropping 1.4% and Warner Bros Discovery falling 0.6% on September 29, with previous tariff threats causing even larger declines [3] - Other sectors affected included home furnishings, with Williams-Sonoma and RH experiencing significant drops in share prices due to new tariffs on furniture and lumber [4] Impact on the Pharmaceutical Industry - The pharmaceutical sector faced a potential 100% tariff on branded drugs unless companies agreed to build manufacturing plants in the U.S. or reduce prices [6] - Pfizer secured a three-year reprieve from tariffs by committing to cut U.S. drug prices by up to 85%, resulting in a 6.8% surge in its stock price [7] - Other pharmaceutical companies, including Roche and Novartis, also saw stock gains following the Pfizer deal, indicating a positive market response to tariff negotiations [8][9] Agricultural Sector Developments - President Trump announced a meeting with Chinese President Xi Jinping to discuss agriculture, which is expected to be a major topic, particularly regarding soybean purchases [10] - Following hints of positive trade developments, soybean prices rebounded, with November soybeans rising 1.3% to $10.15 1/4 a bushel on October 1 [11] - The volatility in soybean prices reflects the market's sensitivity to trade news, with previous declines occurring after a lack of concrete outcomes from Trump-Xi communications [11] Regulatory Changes in Banking - The Trump administration is proposing significant changes to U.S. capital rules, aiming to reduce regulatory burdens on banks, which could lead to a decrease in capital requirements [12][13] - While large banks like JPMorgan Chase and Bank of America may face challenges from lower interest margins, the overall sentiment in the banking sector remains optimistic about potential deregulation [13] - Critics warn that these changes could leave the financial system vulnerable, estimating a potential $200 billion reduction in banking system capital [13] Overall Market Trends - Major indices, including the Dow Jones and S&P 500, have generally continued to rise despite the volatility caused by tariff announcements and trade negotiations [15] - The market is experiencing a "stagflation-lite" scenario, with predictions of higher inflation and unemployment linked to the ongoing tariff impacts [15] - Investors are left questioning the sustainability of market gains amid the unpredictable nature of presidential announcements and their effects on various sectors [16]

Joining us now is Afan Bash. She is founder and CEO of Rock Creek and it's great to have you back on the show. Welcome.Great to be with you. So, let's start right there because this has been a global bull market. Um, we focus so much on the US, but how do you see that versus the rest of the world.So, we had such low valuations in places like emerging markets that we were just talking about. And of course, you've had a number of companies that are in getting better. plus they're benefiting from inflation and ...