Kenny Wen, market commentator and author, tells Steven Filby that Trump always chickens out, or TACO, was the catchphrase for the first year of US President Trump’s second term in office, but Big Mac, or midterms are coming, should be the phrase for 2026. Frederick Chu, Managing Director, Investment Strategy, at Premia Partners, says Trump’s behaviour is very different from traditional politicians, and that means unpredictability to come.

Carolyn Wright asks Josh Stone, Senior Director at Colliers about the health of the office rental market here in Hong Kong.

Ross Feingold, Head of Research at Caerus Consulting, talks on the latest moves on US chip tariffs, saying these are designed to push companies to produce chips within the US. He also looks at where we stand on sales of Nvidia’s H200 chips and gives his takeaways on TSMC’s earnings.