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Saudi Pivots Oil Routes After Pipeline Attack

Saudi Arabia is ramping up prompt sales of crude from outside the Strait of Hormuz following the shutdown of the kingdom's East-West pipeline, which halted cross-country flows to its Red Sea coast. The sale helped attribute to a fall in oil prices as physical markets cooled from recent peaks as traders bet some Middle East supply outages would be short-lived. Noam Raydan, William Sudhaus Senior Fellow at the Washington Institute, joins Bloomberg Businessweek to discuss why the Saudi pipeline is so crucial and what the attack on the pipeline could mean for the broader Saudi oil industry.

Read more: Saudi Pivots Oil Routes After Pipeline Attack
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UN Must Unlock Its Doors to AI Industry: UNGA President

United Nations General Assembly president Khalilur Rahman speaks with Bloomberg's Romaine Bostick. This week United Nations Secretary General said nations must coordinate global efforts to regulate AI, echoing calls for closer monitoring of the technology after warnings from leaders of the world's top firms. The comments come days before world leaders descend on New York for the UNGA's annual high-level week.

Read more: UN Must Unlock Its Doors to AI Industry: UNGA President
Bloomberg
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OpenAI Reports New Safety Incidents, Sets Disclosure Plan

Bloomberg News AI reporter Shirin Ghaffary said that recent disclosures of AI safety incidents at OpenAI are a 'watershed moment' in the public understanding of AI risks as models get more powerful and employees issue warnings. Ghaffary said that getting AI models to align with companies intended goals is an ongoing issue and a the fact that it hasn't been solved yet amid rising AI integration is a 'big, big problem.'

Read more: OpenAI Reports New Safety Incidents, Sets Disclosure Plan
Bloomberg
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Yardeni on Cutting His S&P Outlook, Fed, Oil Prices

Ed Yardeni, one of the biggest stock bulls on Wall Street, talks about why he's slashing his year-end forecast for the S&P 500 Index to 7,900 from 8,400. He also says the Federal Reserve could raise interest rates two more times this year. Yardeni says Iran is likely to wreak havoc and keep oil prices elevated. He speaks on "Bloomberg Surveillance."

Read more: Yardeni on Cutting His S&P Outlook, Fed, Oil Prices
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Rockefeller Foundation Poll Shows Economic Optimism Down Across Globe

Rajiv Shah, President of the Rockefeller Foundation, said that the foundation's recent poll shows there is a 'big disconnect' between what people want and what they feel they're getting from their leaders across the world. Shah said that the United States' standing has also fallen internationally as the Trump administration pulled back on deploying international humanitarian aid.

Read more: Rockefeller Foundation Poll Shows Economic Optimism Down Across Globe
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Principal's Seema Shah Expects Another Fed Rate Hike This Year (Correct)

Seema Shah, Principal Asset Management chief global strategist, says markets may be pricing in one more rate hike this year, but October looks likely to be a hold because of the timing of the midterm elections and the possibility of inflation data turns sharply worse. (Corrects name of guest's firm.)

Read more: Principal's Seema Shah Expects Another Fed Rate Hike This Year (Correct)