Australia Breaking News

Oil fell for a second day as traders weighed US President Donald Trump's latest threat to resume strikes on Iran.  Paul Sankey, Founder of Sankey Research, discusses the outlook for gasoline prices heading into the summer as the Strait of Hormuz remains shuttered.

LIV Golf is preparing for a potential bankruptcy filing after Saudi Arabia's Public Investment Fund pulled support, casting doubt over the future of a venture that upended professional golf with billion-dollar spending sprees and blockbuster player contracts. Randall Williams reports on Bloomberg Television.

SpaceX is expected to file paperwork for its massive initial public offering today. Goldman Sachs and Morgan Stanley are the leading banks. The target valuation is now above $2 trillion. Bloomberg's Bailey Lipschultz has more on what to expect.

Max Kettner, HSBC chief multi asset strategist, discusses how he is investing during what he sees as a "incredibly K-shaped" US economy. He speaks on "Bloomberg Open Interest."

David Kelly, chief global strategist at JPMorgan Asset Management, expects that Federal Reserve Chair-Elect Kevin Warsh is likely to vote to hold interest rates steady at next month's meeting while seeking to build consensus with his new colleagues.

Nvidia, the world's most valuable company, reports first-quarter earnings after the bell on Wednesday. Wall Street is waiting to get a read on the state of the artificial intelligence economy. Investors will also look for guidance on its long-term sales forecast and trying to sell AI processors in China. Bloomberg's Ed Ludlow reports on "Bloomberg Open Interest."

Clare Pleydell-Bouverie, Liontrust Fund manager, talks about why she is focused on what Nvidia is buying from suppliers ahead of their earnings report. She speaks on "Bloomberg The Opening Trade."

Barclays CEO CS Venkatakrishnan discusses the use of artificial intelligence in the banking industry, saying the technology is having a "creeping" impact on the UK lender. "We are seeing things getting on the margin a little more efficient in certain parts," he says. "Fundamental impact I think it's coming, but I don't see it yet," he adds during a conversation with Bloomberg's Francine Lacqua at the Global Markets and Banking Summit 2026 in London.

Target posted its best comparable sales growth in four years and boosted its outlook as the retailer's turnaround bid gains traction. The chain also raised its annual revenue guidance by 2 percentage points to about 4%. Jen Bartashus of Bloomberg Intelligence has more.

Bhanu Baweja, chief investment strategist at UBS Investment Bank, tells Bloomberg Television that the equity markets rally is at risk from a slowdown in consumer spending as real disposable income growth nears zero and fiscal support fades.

The Republican-led US Senate signaled rising opposition to continuing the Iran war in a procedural vote Tuesday. Louisiana Senator Bill Cassidy, whose re-election bid President Donald Trump thwarted in a Republican primary Saturday, joined three other GOP senators voting to clear the hurdle and move toward a final vote on a resolution to cease hostilities. Kate Ackley of Bloomberg Government has more.

Donald Trump's hand-picked candidate for a congressional seat in Northern Kentucky, Ed Gallrein, was victorious in one of the most expensive primaries on record, defeating the president's nemesis and longtime GOP House member Thomas Massie. Kate Ackley of Bloomberg Government has more.