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Lululemon is expecting its situation to get a lot worse before it gets better, as it issued weak guidance for the full year.

Clashes erupted between the U.S. and Iran over commercial ships earlier this week.

Coal stocks advanced Thursday, helped by news that President Donald Trump plans to provide about $700 million to the industry through a Korean War–era law that gives the federal government authority over sectors tied to national security.

Meghan Robson, head of US credit strategy at BNP Paribas, and Sonali Pier, portfolio manager: multi-sector credit at PIMCO, join Katie Greifeld on "Bloomberg Real Yield." Cliffwater, Blackstone, and Partners Group all capped certain fund redemptions this week. The moves put private markets back into the spotlight. (Source: Bloomberg)