ATLAS V5 Morning Report 2026-05-13 — May 13 Wed AM TRUMP LANDED BEIJING 8:08 AM ET / HAN ZHENG + 300 YOUTH

Key Headlines

• May 13 Wed AM TRUMP LANDED BEIJING 8:08 AM ET
• HAN ZHENG + 300 YOUTH HONOR GUARD
• XI FORMAL WELCOME THU MORNING
• STATE BANQUET THU NIGHT GREAT HALL
• JENSEN HUANG ON AIR FORCE ONE TRUMP REBUKED CNBC + TIM COOK MUSK FINK SOLOMON ORTBERG + EXXON QCOM
• BESSENT MET HE LIFENG INCHEON
• TARIFF TRUCE EFFECTIVE THU MIDNIGHT US 145%->30% CHINA 125%->10%
• FINAL WARSH CHAIR CONFIRMATION VOTE TODAY MID-MORNING (30HR CLOCK FROM TUE 1:13 PM CLOTURE 51-45)
• WARSH EFFECTIVE SUN MAY 17
• POWELL EXITS FRI MAY 15 STAYS GOVERNOR THROUGH 2028 FIRST SINCE ECCLES 1948
• TRUMP PRE-DEPARTURE: DISAPPOINTED IF WARSH DOES NOT CUT RATES RIGHT AWAY
• $25B 30Y AUCTION 1 PM ET CUSIP 912810UU0 WI BID NEAR 4.97% TAIL RISK INHERITED FROM TUE 10Y TAILED 3BP HIGH YIELD 4.468% INDIRECT 63.96% JAPAN ABSENT
• 200 BANK CEOS HILL TODAY CLARITY SECTION 404 STABLECOIN YIELD LOBBYING
• CLARITY MARKUP CONFIRMED THU MAY 14 10:30 AM ET
• POLYMARKET 73% ENACTMENT
• NEED 7 DEM FLOOR VOTES
• BABA Q4 EARNINGS MISS: CORE PROFIT -84% YoY AI/CLOUD CAPEX DRAG
• EPS $0.90 vs $1.83 PRIOR YEAR (50%+ DECLINE)
• PRE-MKT BABA -1.89% $132.24
• CISCO AMC TONIGHT CONSENSUS EPS $1.04
• REV $15.56B
• AI ORDERS >$5B FY26 WATCH
• US TREASURY SANCTIONED 12 ENTITIES FOR IRANIAN OIL SALES TO CHINA TODAY
• DIRECT HORMUZ PRESSURE TIMED WITH TRUMP IN BEIJING
• TRUMP TRUTH SOCIAL: WILL ASK XI TO OPEN UP CHINA FIRST REQUEST
• IRAN CEASEFIRE MASSIVE LIFE SUPPORT 1% CHANCE OF LIVING
• ONLY IRAN CANNOT HAVE NUCLEAR WEAPON
• NIKKEI CLOSED +0.84% 63,272 DESPITE USD/JPY 157+
• CSI 300 +1.02%
• KOSPI +0.63%