Australia Breaking News

The Coalition leadership group approved a migration policy setting Australia's eventual net overseas migration target at 160,000 arrivals per year.

Paramount Skydance Corp. outlined the executive leadership team that will helm the new company resulting from its acquisition of Warner Bros. Discovery Inc. David Ellison will continue to serve as chief executive officer and chairman, overseeing the company's long-term strategy and creative vision, while co-CEO Ynon Kreiz will focus on day-to-day management. Bloomberg New Media Reporter Hannah Miller breaks down the latest news on the closely-watched merger.

Babylist CEO Jennifer Hyman discusses the company's new 20,000-square-foot showroom in Manhattan's SoHo neighborhood, which opened at the end of September and is its largest retail location yet. Hyman says the space is designed to help expecting and new parents research major purchases with expert guidance: visitors can learn about products, try baby carriers and get help installing car seats. She speaks with Scarlet Fu on "The Close."

Former Boston Fed President Eric Rosengren described the U.S. economy as middling: inflation has eased more than policymakers expected at their September meeting, while the latest jobs report was somewhat weak. He said the Fed is likely to wait until its final meeting of the year before deciding whether another 25-basis-point hike is needed, rather than act just before the midterm elections. He speaks with Scarlet Fu & Hema Parmar on "The Close."

A rally in giant technology companies drove stocks higher in the Monday session, overshadowing concerns about still-elevated oil prices and bond yields. The S&P 500 rose to a striking distance of a record while the Nasdaq 100 reached a fresh peak. Political upheaval in Europe and fiscal worries drove the euro to its weakest since May 2025, while longer-dated Treasury yields hit multi-decade highs. Markets have absorbed rising rates, high energy costs and renewed inflation concerns, with stocks continuing to advance. For a look at the broader market backdrop, we hear from Carol Schleif, Chief Market Strategist at BMO Wealth Management. She speaks with Bloomberg Businessweek Daily hosts Carol Massar and Norah Mulinda.

C.H. Robinson is set to acquire RXO's trucking brokerage business in a deal valued at about $5.8 billion. CEO and President Dave Bozeman said the combination would bring together C.H. Robinson's global multimodal, freight brokerage and forwarding operations with RXO's North American brokerage, last-mile and expedited services. He speaks with Scarlet Fu & Hema Parmar on "The Close."

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Hema Parmar, Carol Massar and Norah Mulinda.

Actress and global creative director of Astrea London Sarah Jessica Parker said that she was drawn to the lab grown jewelry company because of the combination of creativity and technology involved in the brand and that she found it exciting to try to 'be worthy' of carving out a new form of luxury in the lab grown diamond business. Parker, who was joined by Astrea London founder Nathalie Morrison, also discussed the future of the industry, which Morrison called 'a different era in luxury' focused on sustainability, craftsmanship, beauty and design.

Tom Kloza, chief energy advisor for Gulf Oil, said that it is unlikely President Trump's proposed easing of limits on tax-exempt 'red-dyed diesel' will do much to bring down the price of diesel and that the only thing that will meaningfully impact high prices is an end to ongoing conflicts in Russia and the MidEast.

Scarlet Fu and Eric Balchunas discuss the new Bloomberg Intelligence tool 'Blue Horseshoe' on "Bloomberg ETF IQ." The new "Blue Horseshoe" tool lets Bloomberg Terminal users see which stocks the biggest active managers ('Big Active') are buying and selling every day on an aggregate basis.

Mick Mulvaney, former acting chief of staff in the first Trump administration, said Ken Paxton, the Republican contender for the US Senate seat in Texas, is the 'weakest candidate' in this election and that there's 'probably not enough money to fix' him. Mulvaney also weighed in on Paxton's comments to lobbyists blaming the White House for his issues campaigning. Mulvaney said that if Paxton wins it will be due to Donald Trump and that the president is the only person who can get Ken Paxton over the finish line in November.

Drew Pettit, chief investment strategist at Roundhill, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the new Roundhill S&P 500 Target 10000 2030 ETF (ticker: XX), which allows buyers leveraged exposure to long-term call options that become more valuable if the S&P 500 rises significantly by January 2030.