United Statesvidmar

Xi Jinping warned that Taiwan could lead to "clashes" between the US and China, calling it a "highly dangerous situation" for the world's biggest economies. Bloomberg's Stephen Engle breaks down the situation.

George Mattson, CEO of private aviation company Wheels Up, said that his company is 'immunized' from the impact of fuel cost spikes because they are able to pass off surcharges to customers willing to pay a premium. Mattson discussed Delta's investment in the private sphere and said the airline company sees Wheels Up as an extension of its growing premium commercial strategy.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

Cerebras Systems Inc. shares jumped 68% in its trading debut after raising $5.5 billion in the year's largest IPO, illustrating investors' surging appetite for artificial intelligence data centers and the chips running them. Shares of the Sunnyvale, California-based company pared earlier gains to close at $311.07 each on Thursday in New York, above the $185 IPO price, after being halted earlier for volatility. Cerebras' first-time share sale raised nearly 60% more than its target when it launched, and priced above a marketed range that was revised higher on Monday. Bloomberg's Ed Ludlow joins to discuss.

Dow Chair and CEO Jim Fitterling says the company is "hardly moving anything" through the Strait of Hormuz due to the war in Iran. He says it could take 275 days for things to get back to normal after the waterway is reopened. He speaks to Bloomberg's Caroline Hyde on the sidelines of the Spark Summit in California.

Jeffrey Epstein's emails, appointment books and message logs reveal how the disgraced financier built a sprawling web of rich, powerful and influential contacts. He was a relentless networker, regularly introducing his acquaintances to each other and treating those introductions like business deals always putting himself at the center of the transaction. Bloomberg's Lizzie Fournier joins to discuss.

Congressman Raja Krishnamoorthi, Democrat representing Illinois' 8th District joined Balance of Power to discuss the recent meeting with Trump and Xi Jinping and the importance of not easing chip exports to China. Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.

hina has renewed import licenses for hundreds of US beef plants, reviving trade in the meat as the leaders of the world's two biggest economies meet in Beijing to stabilize commercial and geopolitical relations. The permits were renewed on Thursday and are usually valid for five years, according to people with direct knowledge of the matter, who asked not to be named as they're not authorized to speak to media. Senator Steve Daines, Republican from Montana joins Balance of Power to discuss.

Bloomberg's James Attwood joins Vonnie Quinn on "Bloomberg Markets." Gold swung between gains and losses as investors weighed the Federal Reserve's interest-rate path after US data this week showed a war-driven surge in inflation.

Ben Jensen, Director of the Futures Lab and Senior Fellow of the Defense and Security Department at the Center for Strategic and International Studies joins Balance of Power to discuss the conflict in Iran and what returning to kinetic fighting will look like. The US has destroyed more than 90% of Iran's inventory of around 8,000 naval mines, the commander of US forces in the Middle East told lawmakers on Thursday, in a written statement that did not address Tehran's continued control of the vital Strait of Hormuz.   US Central Command chief Admiral Brad Cooper said more than 700 airstrikes had eliminated Iran's "once-massive inventory" of sea mines but he did not disclose how many had been laid in the strait versus destroyed in storage or on vessels.