“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Retired General Ben Hodges, former commanding general of US Army Europe, discusses the recent escalation in the conflict involving Iran, highlighting the deaths of three more US service members and the ongoing challenges faced by US forces. Michelle Brouhard, head of policy and geopolitical risk at Kepler, joins the conversation to analyze the market’s surprisingly muted response, with Brent and WTI crude oil prices rising less than 1%. Representative Jake Auchincloss (D-MA), a member of the House Energy and Commerce Committee, discussed the escalating conflict between the US and Iran following the deaths of 17 American soldiers and multiple US strikes in the region.

Chapters:

00:01:58 Bloomberg’s Kate Sullivan on US Forces Launch New Round of Strikes on Iran
00:04:50 Retired General Ben Hodges, Former Commanding General of US Army Europe, on Who’s in Control of US-Iran Conflict?
00:07:15 Ret. Gen. Ben Hodges on What Strategy the US Should Take Going Forward With Iran
00:16:28 Michelle Brouhard, Head of Policy and Geopolitical Risk at Kepler, on US-Iran Conflict Affect on Oil Market
00:20:32 Michelle Brouhard on US Gasoline Tops $4 a Gallon as Iran War Escalates
00:22:14 Michelle Brouhard on US To Impose 50% Tariff on Many Canadian Goods
00:24:51 Representative Jake Auchincloss (D-MA) on US Strategy Following a Death Toll of 17 American Soldiers
00:27:29 Rep. Jake Auchincloss (D-MA) on Can US Win this War?
00:28:46 Rep. Jake Auchincloss (D-MA) on Hegseth To Testify Before Senate Panel Tuesday
00:31:58 Rep. Jake Auchincloss (D-MA) on Trump Says Netanyahu Will Not Be Arrested After Mamdani Threat
00:33:26 Rep. Jake Auchincloss (D-MA) on House GOP Looks To Take Stopgap Vote This Week
00:35:33 Bloomberg’s Nancy Cook on Troy Jackson on Track To Be Dems’ Sen Nominee in Maine
00:39:54 Political Panel Reacts: Trump Backs Darline Graham, Troy Jackson, Pete Hegseth to Testify Before Senate
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India is facing a widening rainfall deficit as El Niño returns, raising concerns over crop output, food inflation and rural incomes. India’s Former Agriculture Secretary Siraj Hussain joins Haslinda Amin and Menaka Doshi to discuss the risks to agriculture, food security and the economy.
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Brent crude rose almost 4% before paring gains to trade around $90 a barrel. The global benchmark gained after the US and Iran escalated hostilities, including the targeting of vessels attempting to transit the Strait of Hormuz and an attack on a key oil facility in Kuwait over the weekend. West Texas Intermediate was above $84. Bloomberg’s Stephen Stapczynski has the details.
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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Rep. Joe Morelle (D-NY), House Administration Committee Ranking Member and House Appropriations Committee Vice Ranking Member, addressed concerns raised by the president’s recent speech questioning the integrity of U.S. elections. Erin Covey, Editor at The Cook Political Report, said the upcoming midterms are anticipated to be challenging for Republicans, particularly in the House of Representatives. Roberto Lazzeri, Mexico’s new Ambassador to the United States, discussed the upcoming round of negotiations on the potential renewal of the USMCA trade agreement, scheduled for the following week.

Chapters:

00:01:35 Bloomberg’s Laura Davison on Trump: Canada Must Pay for ‘Filthy’ Wildfire Smoke
00:04:14 Representative Joe Morelle (D-NY) on Trump Sows Doubts About US Elections in Speech
00:08:03 Rep. Joe Morelle (D-NY) on Government Faces Potential Shutdown This Fall
00:09:42 Rep. Joe Morelle (D-NY) on Trump Proposes $1.5 Trillion Defense Budget
00:13:55 Power Moves: Top Financial Moves
00:17:52 Erin Covey, Editor at The Cook Political Report, on Race To Win Control of the House Remains Competitive
00:24:48 Roberto Lazzeri, Mexico’s new Ambassador to the United States, on Magnitude 7.3 Earthquake Hits Mexico-Guatemala Border
00:25:55 Roberto Lazzeri on US, Mexico Trade Talks on Future of USMCA
00:29:39 Roberto Lazzeri on Drug Cartels
00:32:44 Bloomberg’s Michael Shepard on US Considers Creating Finra-Like Watchdog to Vet Top AI Models
00:39:41 Political Panel Reacts: Canada Fires, Trump Media Pitched $100K Monthly Fee for Fast Feed of President’s Posts, Trump Endorses Darline Graham

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Fast-fashion giant Shein is seeking to list in Hong Kong as soon as August, targeting to raise about $2 billion to $3 billion, sources say. Minmin Low reports on the company’s fundamentals.
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