Trump-Xi Summit: Xi Warns Trump Of ‘Clashes’ If Taiwan Issue Mishandled | Daybreak Europe 05/14/2026

Summary

Xi and Trump meet in Beijing for a summit; Xi warns on Taiwan but opens the door for cooperation. Kevin Warsh is confirmed as Fed chair in a narrow vote. UK Labour faces a potential leadership battle. Guest Xiaolin Chen is optimistic on trade progress and sees a fast move in semiconductor AI stocks. Markets are mixed, with tech stocks higher and Treasury yields elevated.

• Xi and Trump hold summit in Beijing; Xi warns Taiwan mishandling could cause clashes but also offers cooperation.
• Kevin Warsh confirmed as Fed chair by narrowest margin in history, setting up a contentious leadership transition.
• UK Labour Party faces potential leadership challenge from Wes Streeting and Angela Rayner.
• Asian markets are mixed; MSCI Asia Pacific index near all-time high, Korean retail investors focus on robotics.
• US Treasury yields rise after inflation data; 30-year auction yields above 5% for first time since 2007.
• Cisco's strong AI-driven outlook boosts Nasdaq futures.
• NVIDIA chip sales to Chinese firms reportedly cleared, including Alibaba, Tencent, ByteDance.
• Xiaolin Chen of KraneShares expects a rapid move in semiconductor AI stocks due to improved US-China trade ties.