Australia Breaking News

Federal Reserve Chairman Kevin Warsh said, "The members of our committee have no tolerance for persistently elevated inflation," as part of testimony he's scheduled to deliver to the House Financial Services Committee on Tuesday morning. Michael McKee reports on Bloomberg Television.

William Dudley, former president of the Federal Reserve Bank of New York and Bloomberg Opinion Columnist, says Federal Reserve Chairman Kevin Warsh has to communicate more with markets, or he'll become less influential. He appears on "Bloomberg Surveillance" to talk about Warsh's testimony before Congress.

Bank of England Governor Andrew Bailey warned that the fallout from an artificial intelligence stocks bubble bursting would reach the UK economy and could prompt a response in interest rates. He made the comments during a testimony before Parliament's Treasury Committee.

Saul Martinez, Head of US Financials Research at HSBC, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the upcoming earnings season for major US banks.

Apollo Global Management President Jim Zelter says private capital is stepping in to fill a financing gap left by governments whose balance sheets can no longer support large-scale industrial capital expenditure. "Government pocketbooks aren't as buoyant to be able to provide that," Zelter tells Bloomberg Television.

JPMorgan Chase reported its highest quarterly profit ever as the second-quarter equities haul climbed 86% from a year earlier to $6.03 billion. Gerard Cassidy, head of US bank strategy and large-cap bank analyst at RBC examines the results on "Bloomberg Surveillance."

Bond traders ramped up bets for a July interest-rate hike ahead of US inflation data and an appearance by the head of the Federal Reserve that stand to reinforce the need for action. Bloomberg's Ven Ram reports.

Andy Burnham is viewed as bearish for UK assets, with former Labour Party leader Ed Miliband seen as the least market-friendly pick for Chancellor, according to Bloomberg's latest Markets Pulse Survey.

Marija Veitmane, equity research head at State Street Global Markets, discusses the artificial intelligence trade and why she sees opportunities in software stocks. "We see analysts stabilizing their margin expectation revenue," Veitmane tells Bloomberg Television. "At the same time, we see institutional investors starting to buy from this big, big underweight position," she adds.

Anna Edwards, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

The Finance Sector Union requested a branch closure moratorium extension to 2030 affecting Westpac Banking (ASX:WBC).

Light & Wonder (ASX:LNW) has reaffirmed its full-year 2026 guidance, projecting mid- to high-single-digit growth in adjusted earnings.