Bloomberg Daybreak

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Jess Menton, Carol Massar and Lisa Mateo. (Source: Bloomberg)

The two brothers who built First Brands Group into a global business, and whom prosecutors accuse of driving it into bankruptcy through a multibillion-dollar fraud, are now pointing the finger at each other.

Bloomberg's Mike McKee said that the Fed's decision to raise rates was unanimous among all nineteen members of the FOMC, including non-voting participants, according to minutes from the Fed's September meeting. McKee said the minutes showed that members feel that between inflation numbers, the geopolitical situation and AI buildout they are not making enough progress on inflation (Source: Bloomberg)

The US midterm elections are a test of investor sentiment in the rapidly growing defense sector, market watchers said.

And why this period might be more painful for Europe.

Danny Danon, Israel's ambassador to the United Nations, said that he does not accept attempts to make the anniversary of the October 7 attack about the continued impact on Gaza, as it was 'Hamas ideology' that brought the attack and suffering in Gaza. Danon said that while the military retains presence in Gaza three years after the attack and one year after the 2025 ceasefire agreement, Israel has 'no desire to to stay in Gaza or to run the city of Gaza.' (Source: Bloomberg)

David Friedland, co-head of North America investment banking at Citi, joins Dani Burger on "Bloomberg Deals." Private equity firms are still aggressively poaching talented young bankers from Wall Street despite indications last year that they would slow down. (Source: Bloomberg)

The Federal Reserve said on Wednesday that the US participation with Japan in intervening to support the Japanese yen in late July was a Treasury Department move, and that its own funds weren’t involved.

LIV Golf’s top-ranked professional, Jon Rahm, is quitting the bankrupt golf tour and views its proposal to give players a majority ownership stake in the newly established enterprise as “unacceptable,” according to his lawyer.

Bloomberg's Liana Baker joins Dani Burger on "Bloomberg Deals." The Canadian branch of the billionaire Weston family agreed to buy health retailer Boots for $8.9 billion including debt, in another change of hands for the pharmacy chain and a UK return for the former Selfridges owner. (Source: Bloomberg)

Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." LIV Golf, a bankrupt golf tour backed by Saudi Arabia’s sovereign wealth fund, is receiving a financing commitment of as much as $300 million from the credit arm of BC Partners, potentially obtaining the funding needed to launch a 2027 season. (Source: Bloomberg)

David Friedland, co-head of North America investment banking at Citi, joins Dani Burger on "Bloomberg Deals." Citigroup is slashing the time its investment-banking analysts need to wait to advance to associate level, part of a push by the bank to attract and retain top talent in a fierce job market that’s seen buyout firms poach aggressively from Wall Street. (Source: Bloomberg)

Ward McNally, founder, co-CEO and managing partner of McNally Capital, Sheila Kahyaoglu, senior equity research analyst at Jefferies, and Anita Antenucci, founder & managing partner of 3Wire Partners, joins Dani Burger on "Bloomberg Deals." They discuss the wave of new investing in defense companies comes amid global tensions and conflict. (Source: Bloomberg)

Creditors to Hertz Global Holdings Inc. are organizing across at least two groups, bracing for potential negotiations with the car rental company over its billions of dollars of debt that comes due over the next few years, according to people familiar with the matter.

Five former Barclays traders have had their convictions for rate-rigging overturned by a London court. Alex Morgan explains. (Source: Bloomberg)

David Friedland, co-head of North America investment banking at Citi, says private equity firms are still aggressively poaching young bankers from Wall Street banks. He talks about Citi’s plan to accelerate promotions and provide higher pay to its junior bankers. (Source: Bloomberg)

M&A deal values are slipping as uncertainty rises around elections, rates, and regulation. Paul Aversano,  Global Practice Leader of Global Transaction Advisory Group at Alvarez & Marsal, joins Bloomberg Open Interest to explain why large, debt-heavy buyouts are feeling the most pressure, how mid-market deals are holding up, and where global hotspots and AI-driven risks are emerging. Correction: "This video was edited to correct the spelling of "Paul Aversano" that aired in the program at 10:10 am ET." (Source: Bloomberg)

The US Securities and Exchange Commission warned asset managers and activist investors about their reporting obligations following a shareholder campaign in 2021 to remove Exxon Mobil Corp. directors over their record on climate.

US Treasuries were ending the day mixed after a strong auction of 10-year notes signaled that yields at multi-decade highs were fueling investor appetite.