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
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