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.
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.
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.
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.
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.
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.
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.
Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade."
Chancellor Friedrich Merz said he plans to convene Germany's national security council, adding that the council is empowered to take immediate action to ensure the nation's energy security if needed. Meanwhile, Germany's sovereign wealth fund, known as Kenfo, is abandoning long-held restrictions on investing in weapons manufacturers. Bloomberg's Oliver Crook reports.
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