Amy Morris

Treasury Secretary Scott Besant says the U.S.

and China are talking about a mechanism for fast-tracking some Chinese investment deals, along with a reduction in tariffs on a swath of non-critical goods.

Treasury Secretary Scott Besant speaking to CNBC.

President Trump has invited Xi Jinping and his wife to the White House.

This September 24th.

Trump made the comments while giving a toast at a banquet with Xi in Beijing.

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

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

He said 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.

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

Bloomberg's Michael McKee.

Bloomberg's Michael McKee.

The number of Americans filing for jobless aid rose last week to 211,000 despite remaining historically low.

The labor market appears to be stuck in a low-hire, low-fire state, keeping the unemployment rate at 4.3%.

A revival of the AI trade continues to fuel a momentum in stocks.

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

The S&P 500 up 0.8%, NASDAQ up 0.9%, the Dow up 0.8%.

The 10-year Treasury yield at 4.44 percent and the two-year yield at 3.98 percent.

Ford shares are more than 7 percent higher.