Australia Breaking News

President Donald Trump defended Pete Hegseth after a report about a disagreement over dwindling US weapons stockpiles raised questions about the Pentagon chief's future in the administration.  "I am extremely happy with the job that Pete Hegseth is doing," Trump said in a social media post Thursday. "Everything has been extraordinary, including our attack on Venezuela" and likewise in Iran, "where the country has been decimated." Richard Haass, Council on Foreign Relations President Emeritus joins Balance of Power to discuss.

Bloomberg's Liam Knox joins Scarlet Fu on "Bloomberg Real Yield." Thousands of faculty members are urging the UC system to reconsider its test-free admissions policy. They argue that more students are arriving underprepared for college-level work since the system stopped considering SAT and ACT scores in 2020.

OpenAI said the artificial intelligence models behind an attack on Hugging Face Inc. began communicating with each other through undetected message boards, working together to break out of their testing environment as early as May. Bloomberg's Michael Shepard joins Balance of Power to discuss.

Figma delivered another quarter of accelerating growth as customers deepen their investment in AI-powered design and development tools. CEO Dylan Field joins Bloomberg to discuss how enterprises are adapting their AI workflows and why Figma is investing aggressively in AI agents and code generation. He joins Ed Ludlow on "Bloomberg Tech."

Western Digital (WD) says the AI infrastructure buildout is creating sustained demand for data storage, even as investors reacted to a softer near-term outlook. CEO Irving Tan joins Bloomberg to explain why hyperscaler demand remains strong and how the company is increasing hard drive capacity. He says long-term supply agreements suggest AI's storage needs will continue to grow well into the next decade. He joins Ed Ludlow on "Bloomberg Tech."

Bloomberg's Nic Querolo joins Scarlet Fu on "Bloomberg Real Yield." A period of financial recovery for US hospitals is coming to an end as healthcare systems brace for the full force of federal policy changes and a wave of aging baby boomers.

Bloomberg Opinion's Jonathan Levin joins Scarlet Fu on "Bloomberg Real Yield." For the first time in 15 years the US joined Japan in a yen intervention to support the yen and avoid forced selling of Treasury securities.

Bloomberg's Emily Graffeo joins Scarlet Fu on "Bloomberg Real Yield." Blackstone has held early discussions with investors to gauge interest in a second mega debt package to finance Anthropic's use of chips from Alphabet's Google.

Fresh off its May IPO, Lincoln International reports record first-half revenue. CEO Rob Brown joins Bloomberg Open Interest to discuss the results, the outlook for dealmaking, and what's ahead for the investment bank.

Alphabet Inc. is looking to raise as much as $25 billion from its latest US investment-grade bond offering, a deal that is testing investor appetite for AI-related debt following a July selloff. Mandeep Singh, Global Head of Tech Research for Bloomberg Intelligence, discusses the bond offering as well as Google's Deepmind departures, and leadership shift to California.

Jonathan Curtis, Portfolio Manager for Franklin Equity Group, discusses the AI space and how the productivity we've seen in software development will begin to spread to and benefit other sectors.

Global bond and currency investors are debating if it's time to dust off last year's 'Sell America' trade after a flurry of economic-policy decisions out of Washington over the past two weeks. Julia Hermann, Director: Global Market Strategy at New York Life Investment Management, discusses tightening economic conditions, the pass through to equities, and a resurgence in the 'sell America' trade.