Bloomberg Television · Tech Rebounds; Trump Heads to China | Bloomberg Brief 5/13/2026

1. 1. SoftBank's OpenAI investment yielded $11 billion; Anthropic seeks $30 billion funding for AI.
2. 2. President Trump's China trip prioritizes trade, technology, and geopolitics, including Iran and Taiwan.
3. 3. Rising CPI (3.8%) and PPI (4.8%) indicate the Fed will not cut rates soon.
4. 4. Strait of Hormuz faces a U.S.-Iran "double blockade," halting oil exports and trade.
5. 5. Investors favor interest-rate insensitive sectors like tech, providing market downside protection amidst volatility.