Amy Morris

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

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

It's just not clear how much of that tax cut would 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 would be devastating for the Highway Trust Fund, which pays for the construction and repair of interstate highways, roads and bridges.

President Trump is expected to meet with President Xi Jinping over China's approach to Iran and hammer out details on a new board of trade.

when they meet this week in Beijing.

We are 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, Visa, Micron, Qualcomm, Cisco,

Blackstone, MasterCard, Meta, Apple, and many more are also expected to join.

Reuters reports NVIDIA CEO Jensen Huang was not invited, with the White House focusing more on agriculture and commercial aviation matters.

Semiconductor stocks are rising, extending their gains after many chip stocks closed at record highs on Friday.

This latest surge is boosted by continued investor enthusiasm over AI infrastructure buildouts.

Qualcomm now up more than 9% and Micron 9% higher.

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

The S&P 500 is up 0.25%.