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Trump-Xi Summit Wraps in Beijing; Jay Powell's Final Day as Fed Chair | Bloomberg Daybreak: US..., Sonic AI
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Trump-Xi Summit Wraps in Beijing; Jay Powell's Final Day as Fed Chair | Bloomberg Daybreak: US...
Bloomberg Daybreak
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May 15, 2026
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20:41
Interview
Trump-Xi Summit Wraps in Beijing; Jay Powell's Final Day as Fed Chair | Bloomberg Daybreak: US...
From
Bloomberg Daybreak
Nathan Hager
(News anchor and analyst for Bloomberg Daybreak)
•
Karen Moscow
(Bloomberg news anchor)
•
Annmarie Horden
(Guest)
•
Donald Trump
(Former President of the United States)
•
Min Min Loh
(Guest)
•
Mark Gurman
(Bloomberg Reporter)
•
James Wilcock
(Guest)
•
John Tucker
(Financial markets analyst and reporter for…)
•
Alexis Christophe
(Guest)
•
Bailey Lipschultz
(senior reporter)
•
Michael Barr
(Bloomberg news analyst and reporter)
•
John Stashauer
(Guest)
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Executive Summary
President Trump concludes a summit in Beijing with Chinese President Xi Jinping, securing a 200-jet deal for Boeing and a multi-year agricultural purchase agreement, though details remain vague and the Boeing deal was smaller than anticipated.
The AI sector is experiencing significant turbulence, highlighted by AI chipmaker Cerebras Systems' massive 68% surge in its IPO, a strained partnership between Apple and OpenAI leading to potential legal action, and Elon Musk's ongoing lawsuit against OpenAI.
A major leadership change is underway at the U.S.
Federal Reserve, with Kevin Warsh replacing Jay Powell as Chairman, contributing to market uncertainty and a sell-off in global bonds.
Geopolitical tensions are in focus, with U.S.-China discussions on Iran, Russian President Putin's upcoming visit to Beijing, and the UAE's construction of a new oil pipeline to bypass the strategic Strait of Hormuz.
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Processed May 15, 2026
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