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Lipi Sternheim, CEO of rare earth mining company REAlloys, said that his company is racing to build infrastructure to mine rare earth minerals in North America to compete with already established supply chains from China. Sternheim said that because US rare earths production won't happen overnight, it is important that president trump secures short term supply during his meeting with President Xi in China.

US business leaders including Apple Inc.'s Tim Cook and Tesla Inc.'s Elon Musk on Trump's first overseas trip since waging war in the Middle East a 36-hour visit with Xi Jinping that's expected to encompass the war, tariffs and the self-ruled island of Taiwan. The list of attendees until Tuesday had not included Huang, whose company makes the chips at the heart of the AI boom and has been pushing for greater leeway in a market he's identified as a $50 billion opportunity. Bloomberg's Ed Ludlow joins Bloomberg Businessweek Daily to discuss.

Representative Suzan DelBene, said Republicans won't get what they expected from redistricting because of voter anger with President Trump and Republicans in Congress. House Democrats may have lost the mid-decade redistricting battle. They still have the edge in the campaign for control of the chamber at the midpoint of President Donald Trump's second term. The US Supreme Court sharply limiting race-based redistricting and the Virginia Supreme Court voiding a Democratic gerrymander have made that task harder, but Democrats have history and political winds on their side. They control 215 House seats, three short of a majority, and the out-of-power party has gained House seats in 18 of 20 midterm elections since the end of World War II.

Kelly Grieco, Senior Fellow with the Reimagining US Grand Strategy Program at the Stimson Center joins Balance of Power to discuss the recent news reported that Iran may still have intact missile capabilities. Iran's missile capabilities brings more light to the Trump, Xi Summit as the conflict continues between the US and Iran.  President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world's two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war. Air Force One touched down at the Beijing Capital International Airport slightly before 8 p.m. on Wednesday, where Chinese Vice President Han Zheng, a military honor guard, and hundreds of flag-waving children readied a red-carpet greeting ceremony for the US president.

Douglas Holtz-Eakin, President of the American Action Forum and former Director of the Congressional Budget Office joins Balance of Power to discuss the recent inflation data and how this will effect the Fed's rate decisions. Warsh arrives just in time for two-year Treasury yields to touch 4%, their highest since June last year, buoyed by the strong market expectation that the fed funds rate cannot move far from where it is now but that the next move is now more likely to be a hike than a cut:

Stock market gamma has jumped higher in one of the most rapid moves seen. Simon White, Macro Strategist with Bloomberg News, explains what gamma's sudden, near record high surge means for the market going forward.

Keir Starmer's government vowed to protect the UK against external and economic threats in a King's Speech that majored on security even as the prime minister faces a potential challenge to his own leadership. Jane Foley, Head of FX Strategy at RaboBank, explains how the UK's political uncertainty is impacting the currency market, following King Charles' address to parliament.

On this episode of Stock Movers with John Tucker: - Nvidia (NVDA) shares are higher on news CEO Jensen Huang joined US President Donald Trump on his visit to China as a last-minute addition, thrusting AI and technology into the spotlight before a high-stakes Beijing summit. - Nebius Group (NBIS) is moving this morning as it reported revenue for the first quarter that beat the average analyst estimate. - SoftBank (SFTBY) is up after it reported a surge in quarterly profit due to valuation gains on its OpenAI investment. The gains on OpenAI outweighed lackluster investment gains elsewhere in the Tokyo-based technology group's portfolio while war in the Middle East roiled markets.

Bloomberg reporters Silla Brush and Katherine Doherty break down how US derivatives exchange CME Group index provider Silicon Data are teaming up to create a futures market for the computing power that backs artificial intelligence infrastructure. Brush and Doherty report that a futures market would functionally set a price for computing power and say that the move signals to the rest of the industry that it is set to be a 'serious asset class.'

Shortfalls could persist longer than current expectations and drive up the price of aluminum as an impact of war with Iran says Timna Tanners, managing director of equity research for Wells Fargo. Tanners talked about the different impacts of the war on commodity prices, including copper which neared record highs on Tuesday due to a rise in demand from China and fears about supplies of sulfur in the Mideast.