Amy Morris

Treasury Secretary Scott Besant said the U.S.

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

Treasury Secretary Scott Besant speaking to CNBC.

President Trump says he's invited Chinese President Xi Jinping to visit the White House September 24th.

Cerebras shares jumped 89 percent in its trading debut after the AI chipmaker and data center firm raised $5.5 billion in the year's largest IPO.

Bloomberg's Nora Melinda, Cerebras now around $340 a share.

Let's turn now to the latest on Iran.

Admiral Brad Cooper, the commander of U.S.

Central Command, testified before the Senate Armed Services Committee saying that Iran's missile, drone and naval capabilities have been severely damaged by Operation Epic Fury.

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

U.S.

retail sales rose at a slower pace in April, suggesting high gasoline prices prompted some consumers to temper their spending at other merchants.

The value of retail purchases increased a half percent last month after a revised 1.6 percent gain in March.

More on this with Bloomberg's Michael McKee.

Bloomberg's Michael McKee explains department store money might be going to online shopping.

We do check markets for you all day long here at Bloomberg.

The S&P 500 up 0.6%.

NASDAQ up 0.7%.

The Dow up 0.6%.

The 10-year Treasury yield at 4.44%.