Peter Tchir doesn't expect a lot to come out of the summit between President Trump and China President Xi Jinping. Pay attention to summit headlines regarding AI, with Peter emphasizing Alibaba's (BABA) innovation as a sign China is attempting to get tech leverage over the U.S. He adds that China is "very happy" to let the U.S.-Iran war continue because it "hurts us" more. Peter makes the point that the U.S. can become further entrenched in the war if the Houthis get tied up more in the conflict.