Australia Breaking News

Navy veteran and military journalist Natalie Oliverio joins Bloomberg This Weekend and says reported food, sanitation and communication problems aboard the USS Abraham Lincoln risk undermining sailors' readiness. Oliverio explains to hosts Joe Mathieu and Carol Massar that families and lawmakers are demanding answers as the carrier has spent more than 240 consecutive days at sea, while the Pentagon disputes reports portraying conditions aboard the ship as dire.

Prime Minister Narendra Modi used his Independence Day address to lay out an ambitious path toward making India a developed economy by 2047, emphasizing self-reliance, semiconductor manufacturing, AI and nuclear power. Joining hosts Joe Mathieu and Carol Massar on Bloomberg This Weekend to discuss the Prime Ministers speech is Bloomberg News Senior Reporter Dan Strumpf.

BlackRock's Rick Rieder says the latest CPI report gave markets reason to celebrate, but inflation remains above the Fed's 2% target. He argues the economy is now "in the ballpark" and that raising overnight rates may not be the most effective way to bring inflation lower. The bigger issue for markets may be the long end of the yield curve, where fiscal deficits, heavy treasury issuance and AI-related financing push real rates higher.

The Trump administration is considering additional sanctions on Iran as the Strait of Hormuz blockade squeezes oil flows and keeps pressure on US gasoline prices. Joining Bloomberg This Weekend is Axios Business Reporter Nathan Bomey who says Washington could target companies or countries doing business with Iran, potentially putting China and its purchases of Iranian oil in the spotlight.

• The Australian Productivity Commission released an interim report declaring the 2018 GST distribution reforms a costly error. The system shifted $23 billion to Western Australia and requires an immediate overhaul.
• Maintaining the current structure will cost the federal budget an estimated $60 billion by the end of the decade. This structural shortfall actively strains the fiscal capacity of eastern states.
• Returning to horizontal fiscal equalisation threatens Western Australia's economic surplus. It simultaneously unlocks $47 billion for eastern states, forcing civil contractors to re-evaluate domestic pipelines.

India's Prime Minister Narendra Modi renewed his pledge to make the country a developed nation within two decades in his Independence Day speech.

• Lendlease executed a contract to divest its 50% stakes in two high-profile shopping centres, Lakeside Joondalup and Westfield Carindale, to Cbus Property for approximately $1.3 billion.
• The transaction highlights active capital recycling across major Australian property groups, with Lendlease Group shares reacting at $3.14 following the announcement.
• Sector participants continue to focus on operational streamlining, liquidity enhancement, and capital return strategies amid evolving commercial property valuations.

Shindor Cantor Lerner Managing Partner Kellie Lerner discusses the rising cost for sports fans to watch their teams through various streaming platforms such as the NFL, and potential legal ramifications for antitrust violations. She speaks to Romaine Bostick on Bloomberg's 'The Close.'

Embattled former Better.com CEO Vishal Garg says he believes that 'the job of making home ownership better for all Americans is not done' after he departed the company on August 3rd. He claims to have the support of a majority of Class A and B shareholders to return to the head of the company, in lieu of interim CEO Daniel Lewis. He speaks to Romaine Bostick on Bloomberg's 'The Close.'

Aston Martin CEO Adrian Hallmark speaks to Romaine Bostick on Bloomberg's 'The Close' about the company's newest model, the Valen. More powerful than any other front-engine vehicle in its 113-year history and capped at 150 cars worldwide, Hallmark details what makes this model different from any other.

Former Boston Federal Reserve President Eric Rosengren isn't surprised by a weaker retail sales number with the American consumer dealing with higher oil prices while AI and tech investment drive a large portion of investment spending. He speaks to Romaine Bostick and Isabelle Lee on Bloomberg's 'The Close.'

Hollywood has once again cheated death. The first seven-plus months of 2026 have revived the industry's faith not just in movies but in the act of going to the theater. Global ticket sales have increased 15% from a year earlier and are on pace for their best annual total since 2019. Five movies have eclipsed $1 billion, with Spider-Man: Brand New Day almost clearing that on opening weekend. With new installments of Dune and Avengers coming, that group could swell to seven the second-most on record. Bloomberg News Media & Entertainment Managing Editor Lucas Shaw brings us the latest from Hollywood.