Trump’s schedule this week is quite packed. On September 24, he will host the Chinese leadership’s state visit at the White House, marking the other side’s return to the White House after a decade.

Trade is the main focus of this round of talks. The tariff truce agreement between the two sides expires on November 10. The market is watching two things: whether the truce can be extended, and whether the approximately $30 billion in reciprocal tariff reductions on goods can be implemented. This kind of news has always swayed global risk appetite, and “big pie” follows the macro trend.

At the state banquet, the White House invited a lineup of tech giants—including Musk, Jensen Huang, Altman, Pichai, and Cook—to the table. The weight of AI and semiconductors is clearly on display.

As of the time of writing, “big pie” is at $81,500, up about 1.3%; Ethereum is at $2,664, up about 3.4%. That’s the full extent of the news this time.