Australia Breaking News

Rebecca Babin, senior equity trader and managing director at CIBC Private Wealth, said that the markets are using a two month base case as the predicted time it would take to get oil production back up and running after the end of war with Iran, a timeline she finds 'optimistic.' Babin said that even if US oil exports grows to 5 million barrels a day, it still won't be enough to fill in the supply lost to the closure of the Strait of Hormuz.

Heather Conley, senior fellow at the American Enterprise Institute, said the US blockade of Iran in the Strait of Hormuz is a temporary measure and won't remove all threats to shipping in the area.

European Investment Bank President Nadia Calviño discusses the economic impact of the Iran war with Matt Miller and Dani Burger on "Bloomberg Open Interest."

Bloomberg Intelligence Financials Analyst, Neil Sipes discusses Goldman Sachs' earnings out before the bell Monday. Goldman Sachs Group Inc. shares fell after the bank reported a surprise drop in bond-trading revenue, casting a shadow over what was another record quarter from the firm's equities team. Fixed-income, currency and commodities revenue was $4.01 billion for the first quarter, according to a statement Monday. That was more than $800 million below the consensus of analyst estimates compiled by Bloomberg and 10% less than the same period last year. The bank also warned investors that its backlog of fees decreased slightly compared to the previous quarter. Shares of the company slumped 4.2% to $869.88 at 9:33 a.m. in New York, by far the biggest decline in the 24-company KBW Bank Index. The drop left the stock down 0.8% for the year.

Slate Auto CEO Peter Faricy joined Bloomberg Open Interest to reveal how his startup plans to disrupt the EV market with a $20K electric pickup. By stripping down manufacturing, offering extreme customization, and focusing on affordability over incentives, Slate aims to bring EVs to the mass market,  even as overall demand faces uncertainty.

Slate Auto CEO Peter Faricy joined Bloomberg Open Interest to reveal how his startup plans to disrupt the EV market with a $20K electric pickup. By stripping down manufacturing, offering extreme customization, and focusing on affordability over incentives, Slate aims to bring EVs to the mass market,  even as overall demand faces uncertainty.

President Donald Trump said the US would attack any Iranian vessels that approach US ships in the Strait of Hormuz as his naval blockade took effect. Tyler Kendall reports on "Bloomberg Open Interest."

Retired US Army Colonel Wayne Sanders, now of Bloomberg Intelligence, says the US and Iran are involved in a "game of chicken." He says both sides are "upping their game" as President Donald Trump plans a full naval blockade of the Strait of Hormuz.

Retired US Army Colonel Wayne Sanders, now of Bloomberg Intelligence, says the US and Iran are involved in a "game of chicken." He says both sides are "upping their game" as President Donald Trump plans a full naval blockade of the Strait of Hormuz.

Leslie Vinjamuri, the President and CEO of the Chicago Council on Global Affairs joined Bloomberg Open Interest to break down the risks of a US blockade of the Strait of Hormuz, warning it could escalate tensions with China, fail to pressure Iran without incentives, and expose a lack of coordination with key allies. She explains why diplomacy, and not just force, will determine what happens next.

KBW Head of US Bank Research Chris McGratty breaks down Goldman Sachs' mixed reaction despite strong earnings. He joins Bloomberg Open Interest to explain why big banks, especially Citi, are his top picks, and highlights key risks in today's economy, including private credit and employment trends.

Jean Boivin, head of BlackRock Investment Institute, explains why the firm upgraded risk following the two-week ceasefire agreed to by the US and Iran.