Australia Breaking News

The Reserve Bank of Australia entered an $11.3 billion negative equity position after recording an $8.5 billion accounting loss for the 2025-26 financial year.

At a world premiere in Queens, Porsche CEO Michael Leiters told Bloomberg's Matt Miller that the company's new sports car will launch a distinct model line positioned well above the 911. The mid-engine platform is designed to support several variants and is flexible enough for either hybrid or combustion-only powertrains. The two speak on "The Close."

Ross Gerber discussed Tesla's anticipated Roadster unveiling, following a Barclays note suggesting Tesla and SpaceX could merge before year-end, potentially ahead of Tesla's annual general meeting. Gerber said a high-priced car made in low volumes would not materially affect Tesla financially. He speaks with Romaine Bostick on "The Close."

Porsche AG unveiled a concept previewing a new supercar, the Mission S, that will be positioned above the 911 in its lineup. Speaking with Matt Miller on "Bloomberg The Close," Porsche CEO Michael Leiters discusses the new supercar and also comments on the state of the China market, the future of electric vehicles and the German automaker's storied legacy.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec.

Gene Tannuzzo, global head of fixed income at Columbia Threadneedle Investments, and Subadra Rajappa, head of research at Société Générale Americas, join Scarlet Fu on "Bloomberg Real Yield." Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for havens from a growth slowdown.

Neha Khoda, head of US credit strategy at BofA Securities, and Stephanie Doyle, fixed income portfolio manager at JPMorgan Investment Management, join Scarlet Fu on "Bloomberg Real Yield." A measure of CoreWeave's credit risk climbed to an all-time high Thursday as some of its high-yield bonds extended declines, rattled by the AI cloud-computing company's talk of tapping vast pools of capital from insurers.

Neha Khoda, head of US credit strategy at BofA Securities, and Stephanie Doyle, fixed income portfolio manager at JPMorgan Investment Management, join Scarlet Fu on "Bloomberg Real Yield."

Tim Walsh, chairman and CEO at KPMG US, says CEOs broadly recognize AI's importance and are investing, but measurable business transformation and returns are taking time. He speaks on "Bloomberg The Close."

Democratic Representative from Arizona Greg Stanton said that he isn't concerned about Democrats casting their sights too wide on potential midterm pickups and that putting forward moderate candidates who will 'fight to restore checks and balances' and appeal to independents is the way to win back control of congress in November. Stanton, who serves as chair of the New Democratic Caucus Political Action Committee, said that when it comes to further left candidates such as Abdul El-Sayed the party is a 'big tent.'

Don Levy, director of the Siena Research Institute, said that while the Democratic party itself is not gaining in popularity, 'change' is what's on top of mind for voters, and 'they want their lives to be better' and see voting as a way to do that. Levy also discussed the fight for Latino voters in Texas and other sunbelt states and said that many voters believe that ICE tactics go too far.

Bloomberg's Sridhar Natarajan joins Scarlet Fu on "Bloomberg Real Yield." As Wall Street's fixed-income desks struggled in the third quarter, their rivals in equities seized a rare opening to outshine their market brethren.