Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Markets shaking off escalating airstrikes in the Middle East even as Iranian officials say they’re not seeking a truce. Hedge funds are still navigating wild volatility, while Bill Ackman moves ahead with a potential $10 billion IPO for Pershing Square. Amazon is kicking off one of the largest corporate bond offerings ever to power the AI boom. We’re breaking it all down with Savanthi Syth on rising airfares, René Kofod-Olsen on shipping disruptions in the Strait of Hormuz, and Ed Yardeni, who puts the odds of a market meltdown at 35%.