Australia Breaking News

PepsiCo lowered its profit outlook as the snack and beverage company faces higher costs in North America that are weighing on margins. Ken Shea of Bloomberg Intelligence has more.

Rick Rieder, CIO of global fixed income at BlackRock, says the front end of the yield curve is "still very attractive," and discusses the state of the US economy and why he is positioned for a hawkish Federal Reserve.

Initial jobless claims in the US eased by 2,000 to 197,000 in the week ending October 3. This is the fourth straight week claims have been below 200,000. Bloomberg's Michael McKee reports.

Rick Rieder, CIO of global fixed income at BlackRock, points to the front end of the yield curve "to keep your volatility down, keep your income high." He speaks on "Bloomberg Surveillance."

Matthew Gehl, Co-head of International Technology Investment Banking at JPMorgan spoke to Bloomberg's Tom Mackenzie at the 2026 JPMorgan Tech Stars event in London on Oct. 6.

European natural gas prices rose following a report the White House asked the Pentagon to develop strike options against Iran that could be executed before the midterm elections next month. Michele Della Vigna, Head of Natural Resources Research in EMEA at Goldman Sachs, says Europe is not well prepared for winter in the energy market with risks skewed to the upside. "In Europe, natural gas drives 60% of the price of power for 60% of the time. And in some countries, the UK, Italy, Germany, for 80% plus of the time. So all of this ultimately feeds through industrial competitiveness and the consumer's disposable income," he said. Della Vigna discusses the energy market impacts and risks from conflicts in the Middle East on "The Pulse with Francine Lacqua."

President Donald Trump is reportedly considering a plan to launch strikes against Iran ahead of the US midterm election, according to The Atlantic. Tyler Kendall has more on Bloomberg Television.

Edward Yardeni, president at Yardeni Research, discusses the factors pushing bond yields higher globally as he sees a "spectrum" of yield scenarios for the market. Yardeni finds US fiscal policy, not bond vigilantes, responsible for the rise in bond yields. He speaks on "Bloomberg Surveillance."

Federal Reserve Governor Christopher Waller said further interest-rate hikes will likely be needed to slow inflation. Speaking at an event organized by Turkey's central bank in Istanbul, Waller said he anticipates "additional hikes to support a timelier return to inflation" to the 2% goal. (Source: TCMB Istanbul Economic Forum)

Anna Edwards, Guy Johnson, and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Bollywood makes more movies but doesn't have the global impact of Hollywood. JioStar Vice Chairman Uday Shankar tells Bloomberg's Haslinda Amin why it hasn't achieved world scale, and what needs to change.

Maas Group (ASX:MGH) shares fell 27.1% to $4.66 in morning trade following media reports that artificial intelligence partner Firmus plans to lower its proposed initial public offering price.