Tech Rebounds; Trump Heads to China | Bloomberg Brief 5/13/2026
Speakers
Neil Campling
— Tech/TMT Analyst
Cayla Seder
— State Street Macro Multi-Asset Strategist
Summary
Bloomberg Brief covers market rebounds in tech ahead of PPI data, President Trump's trip to China for trade talks, and inflationary risks. Guests discuss Ireland-US trade relations, oil supply disruptions at the Strait of Hormuz, and implications of hot CPI data on Fed policy. No explicit trade recommendations are made.
- Tech stocks bounce led by NVIDIA as CEO Jensen Huang joins Trump on China trip.
- Trump meets Xi Jinping in Beijing; focus on trade deals, technology, and Taiwan.
- Oil prices remain elevated above $107 Brent with Strait of Hormuz blockade.
- Hot CPI data pushes Treasury yields higher; markets price in potential rate hike.
- SoftBank reports $11B net income from OpenAI investment; Anthropic seeks $30B funding.
- Samsung faces potential strike adding to memory chip supply concerns.
- State Street strategist sees limited duration appetite, yields staying high.
- PPI data and 30-year Treasury auction are key events for the day.
