“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Jessica Taylor, Senate and Governors Editor at the Cook Political Report with Amy Walter, says public and private polling shows the Texas Senate race essentially tied, with Ken Paxton’s political and personal baggage helping put the state in play for Democrats. Former US Ambassador to NATO Ivo Daalder says the Trump administration lacks a concerted strategy to pressure Russia into negotiations, arguing Washington needs to combine continued military support for Ukraine with stronger economic pressure and diplomacy. Texas Agriculture Commissioner Sid Miller says President Trump’s push to bring in more foreign beef is hurting US ranchers and could cost Republicans support in the midterm elections.

Chapters:

00:02:27 Bloomberg’s Kate Sullivan on Trump Heads to Texas as Senate Race Tightens
00:06:20 Jessica Taylor, Senate and Governors Editor at the Cook Political Report with Amy Walter, on Texas Senate Race Moves to Toss-Up
00:09:30 Jessica Taylor on Midterm Battlegrounds and Canada Trade Fallout
00:11:36 Power Moves: Top Financial Moves
00:14:59 Ivo Daalder, Former US Ambassador to NATO, on Russia, Ukraine and the Risk to NATO
00:17:01 Ivo Daalder on Trump-Putin Relationship and US Strategy
00:18:43 Ivo Daalder on How the US Could Pressure Russia
00:21:02 Ivo Daalder on Would the US Defend NATO Allies?
00:23:01 Ivo Daalder on China’s Role in the Russia-Ukraine War
00:24:44 Sid Miller, Texas Agriculture Commissioner, on Trump’s Beef Tariff Move Draws Rancher Backlash
00:27:54 Sid Miller Warns of More Farmer Bailouts
00:30:02 Sid Miller on Could Trump Lose Support From Farmers?
00:30:55 Sid Miller on Texas Data Centers Spark New Concerns
00:33:31 Bloomberg’s Mike McKee on Fed Officials Gather at Jackson Hole
00:36:56 Political Panel Reacts: Texas Senate Race and the Midterm Map, Can Congress Help Farmers Before the Midterms?, What’s Next After Karoline Leavitt?
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Earl Davis, BMO Global Asset Management Fixed Income & Money Markets head, says using the Treasury General Account to fund expanded buybacks is not a significant worry for him. Davis says he would be a big buyer of 10-year bonds at 5%. He speaks on “Bloomberg Surveillance.”
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Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin. Bloomberg’s Anthony Halpin has the details.
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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?

At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
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