Amy Morris

policy toward Taiwan is unchanged, but Rubio also warned against China taking Taiwan by force.

Rubio made the remarks in an interview with NBC News while traveling with the president to China.

President Trump says China's President Xi Jinping has offered to help with Iran's

Trump told Fox News Channel's Hannity that Xi pledged that China would not give Iran military equipment and that he wants to see the Hormuz Strait open.

In that same interview, President Trump says China agreed to buy 200 planes from Boeing.

Neither Boeing nor China have confirmed the deal.

Treasury Secretary Scott Besson says the U.S.

and China are discussing a mechanism for fast-tracking some Chinese investment deals and a reduction in tariffs.

Treasury Secretary Scott Besant speaking to CNBC.

Cerebras shares jumped 89% in its trading debut after the AI chip maker and data center firm raised more than $5.5 billion in the year's largest IPO.

Bloomberg's Nora Melinda.

Bloomberg's Nora Melinda, Cerebrus now at $312 per share.

Turning now to Iran, Admiral Brad Cooper, the commander of U.S.

Central Command, testified before the Senate Armed Services Committee today.

He says Iran's missile, drone, and naval capabilities have been severely damaged by Operation Epic Fury.

Admiral Cooper also told the committee that recent reports about Iran retaining 70 percent of its missile capability are not accurate.

Now that the Senate has narrowly confirmed Kevin Warsh as chair of the Fed, Warsh is expected to be sworn in soon after outgoing chair Jay Powell's term expires tomorrow.

Powell has said he will remain on the board.

Fed Governor Stephen Myron tells Bloomberg surveillance that could help create a smooth transition for Warsh.

Myron will be stepping down as Fed governor once Warsh is sworn in.