CNBC Daily Open: Hegseth on the defensive
By Leonie Kidd
Published on March 31, 2026.
The confusion over the Iran war is affecting the oil markets, with reports suggesting that U.S. Defense Secretary Pete Hegseth may have profited from privileged information about the timing of the attacks. Billionaire investor Bill Ackman has suggested that the current market dislocation has created an attractive entry point for high-quality companies. He urges investors to ignore macro fears and instead focus on investing in deep-seated discounted opportunities.
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