AustraliaBreaking News

Morgan Stanley analysts say private credit default rates will climb to 8% as AI advances disrupt the software industry. Robin Doumar, Founder at Park Square Capital, weighs in on " Bloomberg Open Interest."

Erik Prince, Swarmer Chairman and Blackwater Founder, discusses the IPO and scaling autonomous drone software. He tells Dani Burger and Matt Miller on "Open Interest" that proceeds will fund more engineers for maritime operations.

Matt George, CEO of Merlin, discusses the company's IPO and C 130J autonomous flight program on "Open Interest" with Matt Miller and Dani Burger.

President Donald Trump reacts to the news that Joe Kent, a top counterterrorism official, was resigning in protest of the war with Iran. Trump said it's a good thing he's out and Kent was "weak on security."

IBM CEO Arvind Krishna discusses the company's completion of its $11 billion acquisition of Confluent during an interview with Caroline Hyde on "Bloomberg Open Interest."

IBM CEO Arvind Krishna discusses the company's completion of its $11 billion acquisition of Confluent. Speaking with Caroline Hyde on "Bloomberg Open Interest," Krishna also says AI is a tailwind for the company and hasn't resulted in a net decrease in workers.

US diesel prices are above $5 a gallon for the first time since December 2022 as the war in Iran continues to disrupt supplies. Oil and gas markets worldwide are feeling the pressure now. Bloomberg's Will Kennedy has more on how this is all impacting consumers and economies.

Strategists at Morgan Stanley note that defaults are concentrated in software, which constitutes a significant portion of private credit. The sector had been supported by alternative asset managers for a decade due to perceived reliable revenue streams, but emerging AI disruptions have cast doubt on this stability. Bloomberg credit reporter Emily Graffeo discussed recent research highlighting rising default rates in the private credit sector, particularly within software.

Charles Schwab Chief Investment Strategist Liz Ann Sonders says investors can't ignore politics and Washington these days. That's why she says portfolio positioning is so important. She speaks on "Bloomberg Surveillance."

"Crude is gonna march higher, I'm afraid," says Robert McNally, founder and president at Rapidan Energy Group. He offers perspective on the psychological impact on the global oil market of restricted tanker traffic through the Strait of Hormuz.

Airlines are seeing a surge in demand as customers try to lock in their tickets ahead of a likely surge in prices due to fuel costs brought on by the war in the Middle East. Delta and American Airlines are both forecasting strong sales. Bloomberg's Benedikt Kammel reports.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, says that the reaction of equity markets to the Iran war, coupled with double-digital earnings expectations, "speaks to the resilience of the market, it speaks to the resilience of the economy," and "speaks to the fact that markets can move higher."