Amy Morris

Now Brent crude more than $104 a barrel.

President Trump is voicing support for a gas tax holiday to counter the price of the pump.

Trump telling CBS News in a phone interview he would like to pause the federal tax on gasoline for a, quote, 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.

President Trump is expected to press 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're learning that Elon Musk, Larry Fink, and David Solomon are just three of 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, Cargill, Illumina,

Visa, Micron, Qualcomm, Cisco, Coherent, Blackstone, Citi, MasterCard, Meta, and Apple are all expected to join.

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

Semiconductor stocks are rising, extending 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 shares now more than 8% higher and Micron shares jumped nearly 8%.

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