Jared Bernstein, former chair at the Council of Economic Advisors and now a senior fellow at the Center for American Progress, discusses the role of economic issues in the upcoming primary elections. With several states, including California, holding primaries on June 2nd, Bernstein addresses whether economic concerns are motivating voters to participate in the primaries. He speaks with Romaine Bostick & Katie Greifeld on “The Close.”
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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Natasha Hall, Associate Fellow at Chatham House, says the White House’s silence after President Trump was expected to decide on a new Iran cease-fire plan reflects “massive indecisiveness” over the conflict’s end goal. Rep. Yvette Clarke (D-NY) says Louisiana’s new congressional map eliminating a majority-Black district is part of a broader redistricting push that is “devastating” for Black political representation. Moody’s Analytics Chief Economist Mark Zandi says the war with Iran needs to end immediately or recession will become more likely than not. Chris Hadfield, former International Space Station Commander, suggests Blue Origin’s rocket explosion is a setback for both Blue Origin and the entire space program.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:34 – Josh Wingrove Talks Latest on Pres. Trump Saying He’ll Soon Make Final Determination on Iran Deal
00:03:51 – Natasha Hall, Chatham House Associate Fellow, Says Trump Silence on Iran Shows ‘Massive Indecisiveness’
00:11:45 – Power Moves: Top Financial Stories of the Day
00:14:49 – Rep. Yvette Clarke (D-NY) on How The Redistricting Wave Will Impact Black Voters, Democrats, and the Congressional Black Caucus
00:25:12 – Mark Zandi, Moody’s Analytics Chief Economist, Says US is ‘Uncomfortably Close’ to Recession
00:32:06 – Chris Hadfield, Ret. Canadian Astronaut & Fmr. International Space Station Commander, on Setbacks From Blue Origin’s Rocket Exploding on Launchpad
00:37:31 – Kailey Leinz on Trump’s Reflecting Pool Renovation Tops $13M
00:40:01 – Political Panel React to Trump Reflecting Pool Renovation Price, Judge Orders Removal of Trump’s Name From Kennedy Center, Trump on Iran
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Poland has become one of Europe’s standout growth stories, with an economy that crossed $1 trillion and a new generation of entrepreneurs returning home after studying and working abroad. Finance Minister Andrzej Domański points to decades of reform, EU integration, foreign investment and a diversified economy as drivers of Poland’s rise, while venture capitalist Aleksandra Pedraszewska says Warsaw’s technology scene now offers opportunities that were far less obvious a decade ago. But economists warn that sustaining the boom will require Poland to address large deficits, elevated defense spending, demographic decline and the need for more investment in research, education and innovation.
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Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today’s guests are Glenmede Chief of Investment, Strategy, and Research Jason Pride, Space Capital Founder & CEO Chad Anderson, World Labs Co-Founder & CEO Fei-Fei Li, SW Retail Advisors Founder & President Stacey Widlitz, SPG Global Managing Director Simon Gallagher, Goldman Sachs’ Asad Haider, Lazard Asset Management CIO Eric Van Nostrand, Coresight Research Founder & CEO Deborah Weinswig, The Conference Board Senior US Economist Yelena Shulyatyeva, Quantinuum CEO Raj Hazra, Ciena CEO Gary Smith, & Nike Global Football VP & GM Camilo Andrade.

Chapters:
00:00:00 – Bloomberg The Close
00:03:59 – Glenmede’s Jason Pride on AI’s Economic Impact
00:10:56 – Space Capital Founder & CEO Chad Anderson on SpaceX’s Upcoming IPO
00:17:02 – World Labs Co-Founder & CEO Fei-Fei Li on Next Steps for AI
00:19:33 – Top Calls
00:20:43 – SW Retail Advisors Founder & President Stacey Widlitz on Lululemon’s Earnings Report
00:25:47 – SPG Global Managing Director Simon Gallagher on End of an Era for Netflix
00:33:42 – Goldman Sachs’ Asad Haider’s Outlook for Pharma
00:38:59 – Lazard Asset Management CIO Eric Van Nostrand Upward Pressure on Long-Term Rates Likely
00:48:58 – How Much AI Is Too Much for Stock Investors?
00:59:06 – Coresight Research Founder & CEO Deborah Weinswig on Lululemon’s Organizational Struggles
01:04:42 – The Conference Board Senior US Economist Yelena Shulyatyeva on May Jobs Report
01:11:05 – Quantinuum President, CEO & Director Raj Hazra on Today’s IPO
01:17:00 – Ciena CEO Gary Smith on Company’s Drop on Underwhelming Forecast
01:20:59 – Nike Global Football VP & GM Camilo Andrade on Nike’s World Cup Playbook
01:31:20 – What to Watch
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New information has emerged regarding President Trump’s recent meeting in the Situation Room, where he requested several edits to a deal negotiated between his envoys and the Iranian regime. Bloomberg News White House Correspondent Jeff Mason and Bloomberg’s UAE bureau chief Dana Khraiche joined David Gura and Christina Ruffini on Bloomberg This Weekend to analyze the complexity of the ongoing negotiations.
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