Amy Morris

Bloomberg reporter Dan Williams is based in Jerusalem.

Bloomberg reporter Dan Williams on Bloomberg Intelligence.

And oil is on the rise.

Senior analyst Salih Yilmaz with Bloomberg Intelligence.

Salih Yilmaz with Bloomberg Intelligence.

WTI now topping $98 a barrel and Brent crude more than $104 a barrel.

President Trump is voicing support for a gas tax holiday to counter the price at the pump, telling CBS News in a phone interview he'd like to pause the federal tax on gasoline for a period of time.

It is not clear how much of that would actually reach consumers.

Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean on balance of power.

Suspending the tax could be devastating for the Highway Trust Fund, which pays for the construction and repair of interstate highways, roads and bridges.

The White House says deals spanning aerospace, energy and agriculture industries are all expected from the president's meeting with Chinese leader Xi Jinping.

And Trump says he'll also focus on whether the U.S.

should continue arms sales to Taiwan.

Trump's comments could ruffle feathers in Congress where a bipartisan group of senators urged the president to advance a $14 billion arms package.

We're also learning that Elon Musk, Larry Fink and David Solomon are among the executives invited to be a part of the U.S.

delegation to China.

A White House official tells Bloomberg that executives from Boeing, GE Aerospace, Visa,