The Nightcap discusses the President's softening on China tariffs ahead of a high-level meeting with a Chinese delegation. Then, a look at how the Trump inner circle seems to be cashing in with business deals amidst economic chaos and uncertainty. And, why the conclave chose the first American pope, and what that could mean for the world. Plus, see who made this week’s list of MVPs. Ron Insana, Jelani Cobb, Pablo Torre, and Mary Harris join The 11th Hour this Friday.