Bloomberg Podcasts · Bloomberg Surveillance TV: May 12th, 2026 | Bloomberg Surveillance

1. 1. Nvidia CEO Jensen Huang's absence from the Trump-Xi meeting signals a potential distancing from the company.
2. 2. US distraction by Middle East conflicts allows China leverage, prioritizing its security agenda like Taiwan.
3. 3. The Trump-Xi meeting priorities include stabilizing relations, securing US economic wins, and addressing security issues.
4. 4. China's economic model creates global problems, evidenced by 52 countries imposing trade defense measures last year.
5. 5. Unexpectedly high CPI data, driven by energy, tariffs, and shelter, suggests the Fed will remain sidelined.