Senate Votes to Confirm Kevin Warsh as Next Fed Chair | Bloomberg Businessweek Daily 5/13/2026

Mike McKee, Bloomberg TV and radio international economics and policy correspondent, discusses next steps as the Senate votes to confirm Kevin Warsh as the next chair of the Federal Reserve. Then, Bloomberg’s Ed Ludlow talks President Trump’s upcoming meeting with China’s President Xi, as top tech CEOs including Nvidia’s Jensen Huang join Trump on his trip. Plus, Bloomberg Washington Correspondent Tyler Kendall joins the show from Beijing as the Presidential delegation prepares for Thursday’s meeting. Then, Tim Baker, head of FX Research – Americas and Macro Strategist at Deutsche Bank, discusses the strength of the US dollar as the economic fallout from the war in Iran piles up. Finally, Lipi Sternheim, REalloys CEO, talks competition between the US and China on rare earth metals and magnets as both countries race to sure up supply lines.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:05:28 – Senate to Vote on Warsh Confirmation
00:12:41 – Top CEOs Join Trump in China for Xi Meeting
00:17:12 – Anthropic in Talks to Raise $30 Billion at $900 Billion Value
00:19:44 – Stocks Waver as Traders Weigh Hot PPL Against AI Profits
00:20:49 – Trump in China for Xi Trade Summit with Iran War in Limbo
00:24:48 – US Producer Prices Rise More Since 2022 on Energy Costs
00:25:21 – Global Economy Feels Impact of Iran War
00:32:10 – Senate Votes on Kevin Warsh Fed Chair Confirmation
00:43:52 – REalloys CEO on Building Rare Earths Minding Infrastructure in US
00:50:13 – Trump, Xi Expected to Talk Rare Earth Metals
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts