Trump’s China trip in focus as Cisco earnings loom and markets weigh tensions

Futures drift near flat as Trump heads to China for a high-stakes meeting with Xi, while investors weigh trade, Taiwan, and Iran tensions; oil stays elevated on Hormuz disruption. Cisco is set to report earnings, reflecting AI‑driven cost dynamics, as markets also digest Warsh’s confirmation to the Fed Board and a rising yield curve ahead of further rate moves.