Democratic Congressman Greg Landsman of Ohio, a member of the House Energy and Commerce Committee, discussed the recent Senate passage of the Lindsey Graham Russia sanctions bill. The bill, which passed with a strong bipartisan vote of 86 to 11, would grant the president authority to impose tariffs on countries that purchase Russian oil. The legislation now moves to the House of Representatives, where Congressman Landsman was asked about his support and whether he expects the majority of his Democratic colleagues to back the measure. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.”
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From the Aspen Institute to the Heritage Foundation, the latest episode of Wall Street Week explores the business of ideas, the billions of dollars behind America’s leading think tanks and how they measure success https://bloom.bg/3Tt61d3

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

Oil extended its recent gains as a final deal to reopen the Strait of Hormuz between Iran and Oman remains elusive.

Israeli Prime Minister Benjamin Netanyahu has rejected a proposal by US-backed mediators for disarming Hamas, hardening his position after voicing misgivings at the suggestion that Israel reciprocate with phased pullouts from Gaza.

And China’s factory-gate inflation eased for the first time since the Iran war broke out, while consumer prices also decelerated, in another sign that cost pressures from the oil shock are starting to fade.

Chapters:
00:00:00 – Daybreak Europe
00:01:28 – Global Stock Rally Extends, Oil Advances on Iran
00:03:13 – Hormuz Deal Elusive as Iran Rejects Talks
00:06:57 – Iran Shakes Up Security Team After Saying Oman Deal ‘Very Close’
00:13:32 – US CPI Expected to Tick Higher in July
00:17:01 – Netanyahu Rejects Hamas Rearmament
00:20:33 – Adnoc Gas 2Q Net Income Beats Estimates
00:24:29 – Oil Extends Gain as Oman-Iran Accord on Hormuz Remains Elusive
00:27:39 – China July Economic Indicators
00:40:09 – AI Safety Fears Grow After Multiple Breaches
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New Yorkers fled the city for Miami after the pandemic for a cheaper cost of living. But a recent analysis shows that might not be the case anymore. #newyork #nyc #miami #florida #usa #business #politics

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Mary Ann Bartels, Sanctuary Wealth chief investment strategist, says earnings should be celebrated and she says the secular bull market will go out until the end of the decade. She also says the Japanese yen has further to fall. She speaks on “Bloomberg Open Interest.”
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