Bloomberg Podcasts · Bloomberg News Now: Trump Meets Xi in Beijing as Inflation Surges and Markets React

1. 1. President Trump is in Beijing for a state visit, facing a more confident Xi.
2. 2. U.S. wholesale inflation accelerated in April, its fastest pace since 2022, driven by energy.
3. 3. An economist warns that inflationary pain has not yet been fully felt by consumers.
4. 4. Resurgent inflation sent bonds lower, causing stocks to waver amid speculation of higher interest rates.
5. 5. The Senate is set to confirm Kevin Warsh as Fed chair, favoring lower rates.