Australia Breaking News

The riskiest asset class is converging with one of the safest in a first-of-its-kind financial product: A Bitcoin-backed municipal bond. Bloomberg's Elizabeth Rembert joins Scarlet Fu on "Bloomberg Markets" to discuss.

President Donald Trump said the war in Iran is "very close" to completion, even as he said the US plans to launch fresh attacks on the country within the next two to three weeks. Trump in a rare prime-time address on Wednesday cast the war as a success, saying the operation had nearly achieved its military goals, including destroying Iranian ballistic missiles and drones, air force, navy and industrial base. He said those steps would prevent Tehran's proxies from destabilizing the region and cut off the country's path to nuclear weapons. Rebecca Grant, vice president for defense programs at the Lexington Institute, joins Balance of Power to discuss and said the positioning of more US military resources off Iran's coast suggests that commanders still have a target list to finish.

Jennifer Johnston, senior vice president and director of research for municipal bonds at Franklin Templeton joins Scarlet Fu on "Bloomberg Markets." The US municipal market's worst month in more than two years has cheapened the debt enough to lure some investors looking to add to their tax-exempt holdings.

Viktor Orbán has spent the last 16 years building one of Europe's most durable political machines. But a sputtering economy and a formidable new challenger are pushing his project to the brink.

Attorney General Pam Bondi is leaving her post at the head of the US Justice Department and Deputy Attorney General Todd Blanche will take over as acting Attorney General. Fox News reported the move on air citing a phone call with President Donald Trump. Tyler Kendall reports on Bloomberg Television.

NASA's Artemis II crew is preparing for a translunar injection burn after reaching a stable orbit, the next phase of a landmark journey that will take them closer to the lunar surface than anyone has been in more than 50 years. Bloomberg's Ed Ludlow reports on "Bloomberg Tech."

Federal Reserve Bank of Dallas President Lorie Logan says the war in Iran is raising risks of both higher inflation and weakness in the labor market during an event in Dallas.

Khloé Kardashian's Khloud is expanding into protein chips. As America's protein obsession grows, the celebrity-founded snack brand is betting big on high-protein snacks to capture the booming market. Khloud CEO Jeff Rubenstein joined Bloomberg Open Interest breaks down the strategy behind the launch, the future of protein snacks, and how the brand plans to compete in the crowded health food space.

Federal Reserve Bank of Dallas President Lorie Logan says the Fed could shrink its balance sheet through regulatory changes that reduce banks' demand for reserves during an event in Dallas.

Retired Major General James "Spider" Marks joins Bloomberg Open Interest to break down President Trump's Iran strategy, revealing that US strikes may have only delayed, not destroyed, Iran's nuclear program. He explains why true certainty requires boots on the ground, and why the Strait of Hormuz won't reopen without pressure or negotiation.

Markets remain surprisingly resilient despite geopolitical tensions and rising oil prices. HSBC's Racquel Oden breaks down why global markets are diverging, why tech stocks may now be a buying opportunity after major repricing, and where investors should look beyond the Mag 7 for growth in today's volatile environment.

Armen Panossian, co-CEO and head of performing credit at Oaktree Capital Management, addresses the current challenges in the private credit market. Speaking on "Bloomberg Open Interest," Panossian emphasizes that the issues are not inherent to private credit as a whole but are related to specific vintages of loans.