Australia Breaking News

US retail sales rose at a slower pace in April with the value of retail purchases increasing 0.5% last month after a revised 1.6% gain in March. Excluding gas stations, sales rose 0.3%. Michael McKee reports on Bloomberg Television.

Federal Reserve Governor Stephen Miran speaks about inflation from supply shocks, how the central bank can work with the Treasury and White House going forward, and reflects on his time at the Fed.

Wei Li, chief global investment strategist at BlackRock, discusses the market implications of the meeting between Donald Trump and Xi Jinping and how geopolitical fragmentation and AI demand will drive inflationary pressures.

Julian Emanuel, chief equity and quantitative strategist at Evercore ISI, sees "exceptional earnings and reasonable valuations" driving investors to tech stocks.

The US and China need each other, and Presidents Donald Trump and Xi Jinping recognize that maintaining a conversation and a degree of cordiality is important, according to Franklin Templeton CEO Jenny Johnson. She also said markets are underestimating inflation risk and expressed concern about the pace of data center investments. Johnson made the comments in an interview with Bloomberg Television's Francine Lacqua during The Pulse.

US President Donald Trump extends an invitation to China's President Xi Jinping to visit the White House on September 24. Trump spoke at a banquet in Beijing on Thursday.

DP World is continuing its expansion plans for ports and infrastructure from Mozambique to Congo. Mohammed Akoojee, DP World's managing director for sub-Saharan Africa, spoke to Bloomberg's Ondiro Oganga.

Franklin Templeton Chief Executive Officer Jenny Johnson says that the US economy is "still very healthy" and there are reasons for the "euphoria" around markets. Speaking on Bloomberg Television, Johnson also warns of inflation risks, saying that "the reality of inflation is it's sticky" and markets are underestimating the reality of it.

Panmure Liberum economist Simon French discusses the UK economy and the political crisis surrounding Prime Minister Keir Starmer. Gross domestic product grew 0.6% in the first quarter, a jump from the 0.2% in the previous three months and the fastest expansion for a year. French speaks on Bloomberg Television.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."

Services Australia formalised a $1.9 million agreement with FirstWave Cloud Technology (ASX:FCT) for AI-powered compliance management software.

Chinese President Xi Jinping pressed US President Donald Trump on the issue of Taiwan and warned of a potential conflict if mismanaged. The two leaders met Thursday morning at the Great Hall of the People in Beijing following an elaborate welcome ceremony during the first visit to China by a sitting US president in nearly a decade. Bloomberg's Minmin Low reports from Beijing.