Bloomberg Daybreak

The US Treasury Department has put Wall Street on notice: Authorities are moving to rein in some of the most aggressive investment strategies used to cut investor tax bills.

Bank of Canada Deputy Governor Toni Gravelle said the central bank is trying to reduce strains in short-term funding markets by regularly increasing the size of its two-week repo operations.

Federal Reserve Governor Michael Barr repeated a warning that further interest-rate increases will likely be needed to slow inflation in a timely fashion. Barr said the Fed wants “to support sustainable, durable growth in support of maximum employment, and price stability is crucial to that” in remarks Tuesday at an event in Detroit. (Source: Bloomberg)

The euro fell to its weakest level in 16 months as expectations that the Federal Reserve will further boost interest rates supported the US dollar.

A rout rippling through the municipal bond market has triggered the busiest day of trading in US state and local government debt in more than 30 years.

National Bank Financial’s chief economist sees Canada starting to take business investment seriously after a decade of what he calls “stagnant” growth, and is forecasting a surge in foreign capital.

Mike Pyle, CEO, Exchange Income and Gren Schoch, Chairman & CEO, AirBoss of America, discuss how rising defense spending and changing procurement priorities are reshaping Canada’s aerospace, manufacturing and technology sectors, with Bloomberg’s Derek DeCloet at the 2026 Bloomberg Canadian Finance Conference. (Source: Bloomberg)

Clearlake Capital Group LP has raised $1 billion backed by stakes in its private market funds after rejigging the collateral mix in the deal following discussions with investors.

David Arnold, Chief Financial Officer, TMX Group, discusses the evolution of Canadian capital markets, from equity issuance and trading activity to competition for listings, technological change and efforts to attract more companies and capital to Canada, with Bloomberg’s Melissa Shin at the 2026 Bloomberg Canadian Finance Conference. (Source: Bloomberg)

Susquehanna International Group and Citadel Securities said they would drop a lawsuit alleging they lost tens of millions of dollars to insider traders as the firms finalize settlements with a number of individual defendants.

Get a jump start on the US trading day with Dani Burger on "Bloomberg Open Interest." Uncertainty hits the IPO pipeline as Oura delays its debut. Anthropic warns of catastrophic AI risks, Goldman weighs John Waldron as its next CEO, and Jefferies asset-management revenue plunges. Plus, Gary Gensler, Gabriela Santos and Meredith Whitney on AI risk, market euphoria and cracks in the US economy. (Source: Bloomberg)

Theo Baker, Author of "How to Rule the World: An Education in Power at Stanford University" discusses the investigative reporting behind his book about misconduct allegations tied to then-Stanford President and neuroscientist Marc Tessier-Lavigne. He speaks with Bloomberg's Janet Lorin, Paul Sweeney, and Scarlet Fu. (Source: Bloomberg)

Ian Edwards, President & CEO, AtkinsRéalis and Susan Reisbord, Incoming President & CEO, Stantec, discuss what it will take to accelerate major infrastructure projects in Canada, from permitting and financing to labor and project delivery, with Bloomberg’s Mathieu Dion at the Bloomberg Canadian Finance Conference. (Source: Bloomberg)

Federal Reserve Governor Michael Barr on Tuesday repeated a warning that further interest-rate increases will likely be needed to slow inflation.

US consumer confidence fell in September to the lowest level since 2014 as views about the economy and the labor market deteriorated. Meredith Whitney, CEO at Meredith Whitney Advisory Group discusses the ever-growing inflation pressures facing the US consumer. (Source: Bloomberg)

H Lundbeck A/S has expressed interest in acquiring Xeris Biopharma Holdings Inc., a US drugmaker specialized in injectable medicines, people familiar with the matter said.

JPMorgan Chase & Co. and Ford Motor Co. are helping launch a new program to bolster production in the state of Michigan. The bank and automaker will help suppliers in the program. JPMorgan CEO Jamie Dimon, Ford CEO Jim Farley and Michigan Governor Gretchen Whitmer speak exclusively to Bloomberg's David Westin in Detroit. (Source: Bloomberg)

Noel Tata, patriarch of Tata Group’s founding family, said a public listing could limit Tata Sons Pvt.’s ability to support troubled units, making the case in a rare interview weeks after a boardroom fight erupted at one of India’s largest conglomerates.

Turkey’s President Recep Tayyip Erdogan said the country has created a board to oversee the liquidation of investment funds caught up in a crisis over holdings in illiquid stocks.