Panama’s President José Raúl Mulino has rejected Donald Trump’s threat to reimpose US control over the Panama Canal, saying sovereignty over the waterway is not negotiable. Trump earlier claimed that the canal is “falling into the wrong hands” and implied that the US could take control of it. Bloomberg’s Jill Disis reports.
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“President Trump prefers the peace approach, but we’ve got the military assets to drive flows even without peace,” says US Energy Secretary Chris Wright on keeping energy supplies moving amid geopolitical tensions.

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“This is like the wizard is telling you something is rotten in Oz,” says Former US State Secretary Antony Blinken on AI industry leaders sounding warnings about the risks of their own technology.

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from DC. On today’s show, former Secretary of State Antony Blinken, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Groundwork Collaborative Senior Fellow Kitty Richards.

Chapters
00:00:00 Radio Balance of Power: Early Edition
00:00:56 Treasury Yields Hit 5% as Bessent Faces Congress
00:02:11 Bessent’s Fiscal Plan & Trump’s $5,000 Dividend
00:03:50 U.S.-China Talks, Trade & AI
00:05:57 Antony Blinken on AI Safety & the Race With China
00:09:37 Could the U.S. and China Agree on AI Guardrails?
00:12:14 Blinken on Iran & a Diplomatic Off-Ramp
00:15:13 Iran, U.S. Diplomacy & the Nuclear Deal
00:19:04 Blinken on October 7 & the Hostage Negotiations
00:21:34 Russia, Ukraine & Sanctions
00:25:35 Democrats, Israel & Foreign Policy
00:27:05 Blinken on Gaza & a Two-State Solution
00:30:04 Political Panel: Russia, Iran & AI
00:33:18 Can the Iran War End Before the Midterms?
00:38:03 AI Regulation & Competition With China
00:43:07 Markets: Oil Surges, Stocks Fall & Yields Hit 5%
00:45:50 Fed Meeting, Treasury Yields & Bessent
00:47:22 Trump’s $5,000 Checks & the Deficit
00:49:06 What to Expect From the Fed
00:50:32 Oil, Inflation & the Strait of Hormuz
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“Lives are at stake.” United Nations General Assembly President Khalilur Rahman says the Rohingya crisis offers lessons for the conflict between Israel and Gaza, stressing that diplomatic solutions can take time.

He says that as efforts toward a resolution continue, the international community must not lose sight of the people affected by the conflict.

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