WS #7270
The dominant signal in this window is the ongoing Trump-Xi summit in Beijing, with multiple sources corroborating that Xi warned of 'collision or even clashes' over Taiwan, while Bessent expects a large Boeing order and US-China discuss AI guardrails. Separately, Israel strikes Lebanon killing 22 ahead of US-brokered talks, and Iran seizes another ship near Fujairah, escalating Strait of Hormuz tensions. On earnings, Cisco (CSCO) beat estimates and raised guidance, Amazon (AMZN) is racing toward $3 trillion on AI success, and Evercore raised Apple (AAPL) price target. Bitcoin remains stuck below $80k as leveraged longs unwind. The narrative arc for the Trump-Xi summit is ESCALATING on Taiwan risk, for Israel-Lebanon it is ESCALATING, and for Strait of Hormuz it is ESCALATING.
Key developments
- Xi warns of 'collision or even clashes' over Taiwan at Trump-Xi summit
- Israel strikes Lebanon killing 22 ahead of US-brokered talks
- Iran seizes another ship near Fujairah, escalating Strait of Hormuz crisis
- Cisco beats Q3 estimates, raises FY26 guidance, announces restructuring for AI
- Amazon's AI success sends stock toward $3 trillion club
- Evercore raises Apple price target to $365 from $330
- Bitcoin stuck below $80k as leveraged longs unwind; Clarity Act markup treated as non-event