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Private market secondaries had a record 2025. Todd Miller of Jefferies joined Bloomberg Open Interest to explain why this once niche market is now core to institutional investing, how liquidity demand is fueling record growth, and why older private equity assets are still trading at steep discounts. A sharp look inside one of finance's fastest-growing markets.

Airlines are heading toward consolidation as soaring jet fuel prices threaten weaker players and could push fares up as much as 30%. Meanwhile, defense spending is booming globally, but contractors face political pressure, capacity limits, and uncertain profits. Sheila Kahyaoglu, Senior Equity Research Analyst at Jefferies joined Bloomberg Open Interest to break down why the aviation and defense industries are at a critical turning point.

The US blockade of the Strait of Hormuz is still in place as Iran says it has no plans to send diplomats to Pakistan for a second round of peace talks. Tyler Kendall has the latest from Washington.

After some optimism on Friday, Iran took control of the Strait of Hormuz again over the weekend. The US also seized a ship and Tehran fired on vessels in the area deepening the global energy crisis. Bloomberg's Julian Lee has the latest.

Nik Storonsky, Revolut co-founder and CEO, said he wants to take the London-based digital bank public, but not until at least 2028, extending the timeline on one of Europe's most anticipated offerings. "Two years away," Storonsky said regarding a potential initial public offering in an interview with David Rubenstein for an upcoming episode of "The David Rubenstein Show: Peer to Peer Conversations."

Cameron Dawson, CIO at NewEdge Wealth, explains what there is to still like about markets and sees earnings growth as idiosyncratic and not broad based.

The United Arab Emirates has reportedly opened talks with the US about a financial backstop in case the country plunges into further crisis due to the war on Iran, according to the Wall Street Journal. Kasia Klimasinska reports on Bloomberg Television.

Sebastian Raedler, head of European equity strategy at Bank of America, discusses the outlook for tech stocks, cyclicals and the risk of demand destruction as a result of higher energy prices. He speaks on Bloomberg Television.

The fight for talent in the hedge-fund industry has reached new extremes, with hedge funders using maneuvers like "gazumping" to grab more money for themselves, resulting in a vicious price spiral. Just how much gazumping is going on is unclear, but recruiters say some traders now are securing pay packages of $50 million or more. Clients end up footing the bill for these practices through opaque "passthrough" fees. Bloomberg's Tom Metcalf reports.

Ole Hansen, commodity strategy head at Saxo Bank, discusses market sentiment as oil jumped amid a weekend flare-up in US-Iran tensions. "Even with the setback we saw on Friday, these prices are still too high relative to what potential consumers are prepared to pay," Hansen tells Bloomberg Television.