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How Trump's Iran War Could Shape Australia's Next Move

Australian Prime Minister Anthony Albanese has backed US action against Iran while urging a swift end to war in the Middle East. Jennifer Parker of ANU's National Security College breaks down how the outcome of Washington's strategy could shift focus to the Indo Pacific, where China's military modernization poses Australia's most consequential challenge. She outlines why sustained US attention in Asia is critical for Canberra's playbook on "Bloomberg: The Asia Trade."

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Bloomberg

Brig. Gen. Mark Kimmitt: Closer to a Non-Nuclear Iran

Retired US Army Brigadier General Mark Kimmitt, former Assistant Secretary of State for Political Military Affairs and former Assistant Deputy Defense Secretary for the Middle East, provides insight into the ongoing US approach toward Iran's nuclear program and regional threat. He joined Romaine Bostick and Katie Greifeld on "The Close."

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Bloomberg

Big Short's Moses: If Private Credit Goes, Fed Has No Choice But to Bail Out

Moses Ventures Founder Danny Moses, immortalized in The Big Short, joins Bloomberg Businessweek Daily to discuss the state of US markets as the Iran conflict introduces a new set of headwinds. Moses also weighs in on the state of private credit, saying that today's private credit worries "rhyme with previous cycles" of market pessimism, in particular the lead-up to the 2008 Great Financial Crisis. Moses adds that "it's in the back of people's minds... if private credit goes, the Fed's going to have no choice but to bail it out, and they're probably right." Moses also weighs in on the potential financial and labor market impacts of AI, the Fed's monetary policy path, betting markets, and more. Moses speaks with Bloomberg News Equities Reporter Alexandra Semenova alongside Carol Massar and Tim Stenovec.

Read more: Big Short's Moses: If Private Credit Goes, Fed Has No Choice But to Bail Out
Bloomberg

Trump's Iran War Widens, Forcing Reluctant Allies to Choose

In just over 48 hours since the US and Israel began striking Iran, the conflict has widened fast. Countries that say they aren't part of it are already being pulled in as their bases, infrastructure and citizens are exposed to retaliation. At some point, America's allies will have to choose. How much US activity do they host? How far do they stretch "defensive" support? What do they do when their own territory is struck? The longer the fighting drags on, the harder it becomes to stay on the sidelines. The United Arab Emirates and Qatar have already begun lobbying allies to help them persuade President Donald Trump to keep military operations against Iran short, according to people familiar with the matter. CSIS Middle East Program Director and Senior Adviser Mona Yacoubian joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

Read more: Trump's Iran War Widens, Forcing Reluctant Allies to Choose