Bloomberg Podcasts · Bloomberg News Now: Consumer Pain, Trump in China, LinkedIn Cutting Jobs

1. 1. Wholesale inflation accelerated in April to its fastest pace since 2022, with core inflation rising significantly.
2. 2. Resurgent inflation expectations drove bond prices lower, sparking speculation the Fed will maintain higher rates.
3. 3. President Trump is visiting Beijing to meet President XI Jinping, focusing on trade and Middle East issues.
4. 4. The Senate is poised to confirm Kevin Warsh as Fed chair, despite his previous stance as a monetary hawk.
5. 5. LinkedIn is cutting jobs across engineering, product, and marketing, joining other tech companies reducing headcount.