Australia Financial

The Reserve Bank of Australia increased the official cash rate by 0.25 percentage points to 4.60% to curb persistent domestic inflation.

Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington before US midterm elections in November. Bloomberg's Stuart Livingstone-Wallace has the latest developments.

Kate El-Hillow of Russell Investments said the recent jump in Treasury yields should not be viewed as purely temporary. In response to a question about whether the rise in yields might fade if geopolitical tensions ease, she argued investors should get comfortable with a "higher floor" and "rates for longer." She speaks with Romaine Bostick & Emily Graffeo on "The Close."

Simon Gallagher of SPG Global discussed NBC regaining MLB rights and the league's growing mix of broadcast and streaming distribution, including Peacock. He said the biggest issue is fragmentation: with roughly 2,500 baseball games, it is hard for viewers to figure out where a specific game is available, since rights are spread across multiple platforms. He speaks with Romaine Bostick on "The Close."

Ruchir Sharma, Chairman at Rockefeller International and Founder and CIO of Breakout Capital, warns that rising Treasury yields could become a danger zone for the AI trade. Sharma's recent column arguing that a 5% level on the 10-year yield could potentially derail the AI boom, notes that yields are now meaningfully above that threshold and asking what 5.2% implies for the sector. He speaks with Romaine Bostick & Emily Graffeo on "The Close."

People Pleasing, Procrastination, Perfectionism, and Padding -- the four key barriers that author Fran Hauser says many women have trouble overcoming. She explains how she learned to reclaim her own time during her decades of executive experience in her new book 'Twenty Minutes Is the New Hour: The Ambitious Woman's Guide to Doing Less and Achieving More."

Libby Leffler says Nvidia's new system designed to keep AI agents from "going awry" is a positive step in the right direction. She argued that buybacks "don't lie" and said the day's weakness in markets looked more like a macro-driven move tied to oil, Treasury yields and broader AI-news sentiment than a problem with Nvidia's underlying model. She speaks to Romaine Bostick & Emily Graffeo on "The Close."

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

Vanguard Fixed Income Client Portfolio Manager Rebecca Venter says fixed income can compete with equities as yields stay elevated. She speaks on "Bloomberg The Close."

With Midterms a little over a month away, more data is coming forward showing if and by how much of a 'blue wave' will take place on election day. Erin Covey, editor at the Cook Political Report, said she expects Democrats to win control of the House and that "Republican enthusiasm is still quite low."

Kevin Carter, founder & CIO of EMQQ Global, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss the China AI Tigers ETF (ticker: TGRZ).

John Kerschner, global head of securitized products & portfolio manager at Janus Henderson, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss investors embracing shorter-term corporate debt, European investors craving tech exposure, and CLO ETF markets growing in Europe.