Australia Breaking News

Senator Tim Scott says a confirmation hearing for Kevin Warsh, President Donald Trump's nominee for Federal Reserve chair, will be held next week. Punchbowl reports it will take place on April 21. This morning, JPMorgan CEO Jamie Dimon said Warsh "would be a great candidate." Bloomberg's Dani Burger reports.

US wholesale prices rose by less than expected in March, as the producer price index increased 0.5% after a revised 0.5% rise in February. Michael McKee reports on Bloomberg Television.

Citigroup traders pushed the bank to its highest quarterly revenue in a decade, with the fixed-income unit generating $5.2 billion of revenue in the first quarter. Dani Burger reports on Bloomberg Television.

French Finance Minister Roland Lescure discusses the Iran war, energy markets and the economy. Lescure will join the International Monetary Fund meetings in Washington this week as policymakers discuss the fallout from from the oil shock triggered by the conflict in the Middle East. He speaks on Bloomberg Television.

Wells Fargo reported net interest income for the first quarter that was up from a year earlier but missed the average analyst estimate. Dani Burger reports on Bloomberg Television.

Lucid has announced former head of Schindler Holding, Silvio Napoli, as its latest CEO alongside $750 million of new investment capital from Uber and Saudi Arabia's Public Investment Fund. He speaks with Ed Ludlow on "Bloomberg Tech."

JPMorgan Chase pulled in $11.6 billion in trading revenue in the first quarter, up 20% from a year earlier. Record stock-trading results boosted the total past the firm's previous record by almost $2 billion. Dani Burger reports on Bloomberg Television.

Lebanon is set to begin US-hosted negotiations with Israel in an effort to pause a war with Hezbollah. Bloomberg's Dana Khraiche reports.

Global oil demand will decline this year for the first time since the 2020 pandemic as a price surge caused by the Middle East conflict wipes out growth, the International Energy Agency said. "The Iran war has thoroughly upended the global outlook for oil consumption," the adviser to major economies said in its monthly report. Surging prices for physical crude and products such as jet fuel, diesel and gasoline are squeezing consumers and taking a toll on demand. Bloomberg's EMEA News Director Will Kennedy joins Stephen Carroll and Caroline Hepker to discuss.

HSBC CEO Georges Elhedery discusses the Strait of Hormuz blockage and the disruption it's causing to global supply chains. He speaks on Bloomberg Television on the sidelines of the bank's Global Investment Summit in Hong Kong.

Bloomberg's Charlie Wells looks ahead to today's reports from JPMorgan Chase & Co. and Citigroup Inc. after Goldman Sachs Group Inc. reported a surprise drop in bond-trading revenue on Monday.

Peter Oppenheimer, Goldman Sachs chief global equity strategist, says he sees "a reasonable degree of upside" for US equities should there be a further moderation in oil prices and fading concerns about the possibility of interest rates rising. He speaks on Bloomberg Television.