Stocks Rise as US, China Hail Positive Talks Ahead of Trump-Xi Summit

Global stocks rally as markets look ahead to President Xi Jinping's visit to Washington later in the week. US Treasury Secretary Scott Bessent and China's top trade negotiators tout positive talks around AI, trade and investment over the weekend. Oil extends its decline for a fourth consecutive day, while US retail diesel prices top $6.50 a gallon for the first time. Mark McCormick of BMO Capital Markets joins "Bloomberg Brief" to discuss the Fed's rate path and financial conditions ahead of a slew of Fedspeak this week. Chapters: 00:00:00 - Bloomberg Brief Begins 00:00:19 - Top Stories 00:00:54 - Global Market Check: Asian Markets Start the Week Higher 00:02:10 - European Relief Rally and Bond Markets 00:03:31 - US Markets Digest the Fed Decision 00:04:57 - First Look Movers: Critical Metals, Paramount and Novo Nordisk 00:06:07 - US-China Talks Ahead of Trump-Xi Summit 00:09:51 - Oil Falls as Focus Turns to US-Iran Diplomacy, Iran, the Houthis and Regional Risks, AI, Market Valuations and Economic Risks 00:13:28 - Trending on the Terminal 00:14:51 - Markets Face a Major Geopolitical Week, Fed Rate Hikes and the Inflation Outlook 00:20:28 - Front Page News 00:21:37 - Market Check: Stocks, Treasuries and Oil 00:23:30 - First Look Movers 00:24:41 - Mark McCormick, BMO Capital Markets Chief FX Strategist, on AI Investment Boom Driving US Growth, & Wealth Effects, AI and Global Markets 00:32:46 - Trending on the Terminal 00:34:30 - US-China Trade Talks and Trump-Xi Meeting, Iran Diplomacy and Trump’s Options, Trump & Mamdani Meeting 00:38:33 - Citi CEO Jane Fraser on AI and Cybersecurity Risks 00:41:04 - SoftBank’s $11 Billion OpenAI Funding Push 00:42:20 - What to Watch -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts