Trump Lands in China as War-Fueled Inflation Surges | Open Interest 5/13/2026

Watch on YouTube ↗  |  May 13, 2026 at 18:05  |  1:29:37  |  Bloomberg Markets
Speakers
Fred Thiel — CEO, MARA
Ann Berry — Founder, Threadneedle Ventures
Amy Wu Silverman — Head of Derivatives Strategy, RBC Capital Markets

Summary

President Trump lands in Beijing for high-stakes summit with Xi Jinping, while US PPI surges 6% due to war-fueled energy costs. Chip stocks continue their record rally on AI demand and Jensen Huang's China trip. MARA CEO discusses pivot from bitcoin mining to AI data centers, and Brookfield sees real estate recovery in trophy offices.

  • US producer prices rise most since 2022, driven by energy costs.
  • Trump meets Xi in Beijing with tech CEOs including Jensen Huang and Elon Musk.
  • Chip stocks rebound, with memory names like Micron at low forward P/E multiples.
  • MARA shifts focus to AI infrastructure, leveraging its power assets.
  • Brookfield's Ben Brown bullish on trophy office and data center real estate.
  • Pilot CEO discusses EV charging expansion amid rising gasoline prices.
  • Kevin Warsh confirmed as next Fed chair, inflation data muddies rate path.
  • Anthropic in talks to raise $30B at $900B valuation.
Trade Ideas
Ann Berry Founder, Threadneedle Ventures 29:42
TTD underpriced but volatile.
Trade Desk is underpriced on a valuation basis compared to its potential, but the stock remains highly volatile as the market demands proof of AI-enabled returns on marketing spend. Investors need to watch for tangible ROI demonstration.
TTD MED
Fred Thiel CEO, MARA 35:34
MARA power assets valuable for AI.
MARA's 1.1GW of power capacity and land are valuable assets for AI data center conversion. The company is in active lease negotiations with hyperscalers and expects to announce one or two leases by end of year, making its power assets a key differentiator in the AI infrastructure buildout.
MARA MED
Amy Wu Silverman Head of Derivatives Strategy, RBC Capital Markets 52:55
Small cap outperformance historically fleeting.
Historically, periods of small-cap outperformance relative to large caps do not tend to last. Structural factors favor large-cap growth and AI-related mega-caps, making sustained small-cap leadership unlikely.
IWM LOW
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This Bloomberg Markets video, published May 13, 2026, features Ann Berry, Fred Thiel, Amy Wu Silverman discussing TTD, MARA, IWM. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ann Berry, Fred Thiel, Amy Wu Silverman  · Tickers: TTD, MARA, IWM