Trump-Xi Summit; Tech Rally Persists; Warsh Confirmed as Fed Chair | Bloomberg Brief 5/14/2026

President Trump and President Xi meet in Beijing in a discussion lasting more than two hours with both sides talking up a vision for more stable ties. The tech rally shows little sign of slowing down after Cisco's blockbuster earnings. The Senate confirms Kevin Warsh as the next Federal Reserve chair in the narrowest vote ever for the position. Lizzy Galbraith of Abeerdeen discusses what could come out of the Trump-Xi summit. Wei Li of BlackRock highlights the challenges ahead for the Fed. (Source: Bloomberg)