Scott Bessent from Beijing - 05/14/26 | Audio Only

Watch on YouTube ↗  |  May 14, 2026 at 16:26  |  36:46  |  CNBC
Speakers
Scott Bessent — Treasury Secretary
Eamon Javers — Senior Washington Correspondent, CNBC

Summary

Treasury Secretary Scott Bessent discusses U.S.-China trade negotiations, AI cooperation, and oil market dynamics from Beijing. He expresses confidence in declining crude oil prices, positive expectations for Boeing orders and soybean exports, and details the administration's stance on Taiwan and Iran. The summit involves President Trump and President Xi, with significant business leaders present.

  • U.S. and China agree to form boards of trade and investment for non-sensitive areas.
  • Bessent expects crude oil prices to fall sharply due to increased supply and backwardation.
  • Large Boeing orders from China are anticipated as part of trade deliverables.
  • Bessent suggests China should buy more soybeans ahead of El Niño-driven price spikes.
  • The administration maintains a hard line on Iran, with an effective blockade causing severe strain.
  • AI safety protocols will be discussed with China, with the U.S. maintaining a leadership position.
  • Taiwan remains a contentious issue; Bessent says President Trump understands the sensitivities.
  • Nvidia's H200 chip sales to China remain unexecuted; Bessent defers to the Commerce Department.
Trade Ideas
Scott Bessent Treasury Secretary 16:14
Expect large Boeing orders.
Large Boeing orders are expected from China as part of trade deliverables, indicating a positive catalyst for Boeing's commercial aircraft sales.
BA MED
Scott Bessent Treasury Secretary 16:38
Soybean prices to spike.
Soybean prices will spike due to an expected El Niño weather pattern that historically leads to very high prices, suggesting China should accelerate purchases from the U.S.
SOYB MED
Scott Bessent Treasury Secretary 22:54
Crude oil will fall quickly.
Crude oil prices will decline quickly because the futures curve is in substantial backwardation, the UAE has left OPEC, global producers will ramp up supply, and the U.S. is at record production with continued pumping. The supply shock from the Iran blockade is transient, and energy inflation will reverse.
WTI HIGH
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This CNBC video, published May 14, 2026, features Scott Bessent discussing BA, SOYB, WTI. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Scott Bessent  · Tickers: BA, SOYB, WTI