Australia Breaking News

Alberta Premier Danielle Smith discusses plans for a new pipeline to the west coast of Canada and expects Asian firms will invest. She speaks with Katie Greifeld on "Bloomberg The Close."

Rare earths are the backbone of modern tech, and China has cornered the global market for them. As it uses that dominance as geopolitical leverage, can other countries break its grip? Joe Deaux, Bloomberg News Corporate and Economic Statecraft Reporter joins Bloomberg Businessweek Daily to discuss why global powers are racing to secure rare earths.

Blake Leonard, Stew Leonard's Wines & Spirits President joins Bloomberg Businessweek Daily to discuss summer trends, the outlook for the consumer and what is selling and expected to sell. Blake also shares on if Stew Leonard has ever thought about going public.

Kay Herr, chief investment officer of US GFICC at JPMorgan Asset Management, and Ed Al-Hussainy, portfolio manager at Columbia Threadneedle Investments, join Scarlet Fu on "Bloomberg Real Yield." Government bond markets tumbled around the world, sending yields surging from Japan to the US.

Today marks the end of Jerome Powell's term as Fed Chair. His tenure will be defined by the pandemic and his response to the inflation surge that followed. Lael Brainard, Former Director of the National Economic Council During the Biden Administration, Former Vice Chair of the Federal Reserve, Distinguished Fellow at the Georgetown Psaros Center for Financial Markets and Policy joins to discuss the future of the Fed and Kevin Warsh's Chairmanship.

Bloomberg's Janet Lorin joins Scarlet Fu on "Bloomberg Real Yield."  MIT reported major declines in federal research funding and graduate-school enrollment after the Trump administration targeted top colleges across the US.

Bloomberg's Laura Nahmias joins Scarlet Fu on "Bloomberg Real Yield."  New York lawmakers are planning a new tax on New York City homes purchased in cash for at least $1 million, according to people familiar with the state budget negotiations.

Winnie Cisar, global head of credit strategy at CreditSights, and Barry Knapp, director of research at Ironsides Macroeconomics and chief market strategist at Ironsides MRA, joins Scarlet Fu on "Bloomberg Real Yield." Credit investors enticed by high yields are buying up corporate bonds, shrugging off the lingering Middle East conflict and focusing instead on robust results from blue-chip businesses.

Bloomberg's Maria Elena Vizcaino joins Scarlet Fu on "Bloomberg Real Yield." Venezuela hired a financial adviser as it launches one of the world's largest-ever debt restructurings, aiming to rework an estimated $170 billion of defaulted bonds and loans.

Kay Herr, chief investment officer of US GFICC at JPMorgan Asset Management, and Ed Al-Hussainy, portfolio manager at Columbia Threadneedle Investments, join Scarlet Fu on "Bloomberg Real Yield." Government bond markets tumbled around the world, sending yields surging from Japan to the US.

Bloomberg's Katherine Chiglinsky joins Scarlet Fu on "Bloomberg Real Yield." JPMorgan Chase trading effort in the $1.8 trillion private-credit market is building momentum after years of sluggish growth. The biggest US bank has traded roughly $2 billion of private-credit loans this year, more than in all previous years combined.

President Donald Trump says didn't ask Xi Jinping for any favors when it comes to Iran. He says Xi largely agrees with him on the risks of Iran becoming a nuclear power. But Trump says he didn't ask the Chinese leader to put any pressure on Iran to reopen the Strait of Hormuz.