Amy Morris

At a Pentagon briefing, Hegseth says many of Iran's troops are deserting.

and its leaders are frustrated.

Our strikes are damaging the morale of the Iranian military, leading to widespread desertions, key personnel shortages, and causing frustrations amongst senior leaders.

Defense Secretary Pete Hegseth.

Sources tell Bloomberg Christine Lagarde challenged Treasury Secretary Scott Besson's optimism.

that the war in Iran's economic fallout will be short-lived.

The president of the European Central Bank told Besant and other G7 officials that the effects of the war would be felt for a long time because so much has already been destroyed.

Warren Buffett warns that he's seeing signs of fragility emerging in the banking system as it has become more connected to non-bank players, telling CNBC that if panic sweeps through the markets, many investors will likely head for the exits and that this should be a priority for the Fed.

The 95-year-old Buffett recently stepped down as CEO of Berkshire Hathaway.

Job openings fell and hiring slowed notably in February, pointing to cooler labor demand before the war in Iran triggered additional uncertainty.

The Labor Department says vacancies decreased to 6.88 million from an upwardly revised 7.24 million in January.

The pullback in openings was driven by declines in accommodation and food services, health care and social assistance, and manufacturing.

Wall Street is ending a volatile march with gains in stocks and bonds on a news report that the president would be willing to end the war in Iran, even with the Strait of Hormuz largely closed.

We do check those markets for you all day long here at Bloomberg.

The S&P 500 up 1.4%.

NASDAQ up 1.8%.

The Dow up 1.1%.

The 10-year Treasury yield at 4.32%.

And the two-year yield at 3.79%.

WTI now at $104 per barrel.