Meta Layoff Report Sends Stock Higher | Open Interest 3/16/2026

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." President Trump calls on China and other nations to help secure the Strait of Hormuz as oil surges past $100 a barrel and markets brace for more volatility. Meta jumps on reports of sweeping layoffs, while Nvidia’s AI conference has investors watching for a breakout moment. Plus, Kai Liekefett on rising shareholder activism, and Congressman Jason Smith on the cost of the Iran conflict.

Chapters:
00:00:00 - Open Interest
00:03:23 - Trump Demands Help from other Countries to Secure Hormuz
00:08:07 - Oil Tops $100 a Barrel in Choppy Trading
00:10:57 - Meta Plans Layoffs to Offset AI Spending: Reuters
00:13:30 - High Interest | Zito, Musk, UniCredit
00:15:01 - UniCredit Launches $40B Commerzbank Bid
00:18:25 - Lori Calvasina RBC Capital Markets | Strategist See Correction But No Bear Market
00:22:55 - Stocks To Watch | Meta, Nebius
00:35:36 - Top Calls | Rocket Company, Adobe, Qualcomm
00:36:27 - Meta Plans Layoffs to Offset AI Spending
00:40:22 - BYD Shares Surge on Improving Overseas Sales
00:45:13 - Ann Berry Threadneedle Ventures | Stocks Rise as Oil Falls on Hormuz Transit Hopes
00:52:34 - Kai Liekefett Shareholder Activism Practice at Sidley | Activist Navigate Geopolitical Uncertainty
01:00:24 - Jason Smith Chairman of the House Ways and Means
01:08:21 - US Allies Wary of Joining Trump’s Strait of Hormuz Mission
01:14:21 - Tina Fordham Fordham Global Foresight | Allies Grapple with Trump’s Unclear Iran Endgame
01:22:19 - Peter Burke Ireland’s Minister for Enterprise, Tourism and Employment | Global Trade Uncertainty Impact
01:28:09 - Trading Diary | Nvidia CEO Speaks, Fed Decision
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