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Epstein Chaos Derails House, Imperiling GOP Agenda | Balance of Power: Late Edition 7/22/2025

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Susan Schwab, former US Trade Representative during the George W. Bush Administration, shares her thoughts on President Trump’s newly announced tariff agreements with the Philippines & Indonesia. Rep. Ralph Norman (R-SC) states that the Epstein files will be released and discusses what he may need to hear from Ghislaine Maxwell as the Department of Justice is set to meet with Maxwell over the Epstein case. Rep. Jake Auchincloss (D-MA) voices his concerns over a possible second rescissions package happening later this year, and whether or not Democrats will allow the government to shutdown when Congress works on their budget.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:02:04 – Jennifer Dlouhy on Pres. Trump & Philippines Agree to 19% Tariff Deal, More Information of Indonesia Deal
00:05:17 – Susan Schwab, Fmr. US Trade Representative, on Tariff Framework is Progress, Market Reaction to Aug 1st Tariff Deadline
00:13:42 – Rep. Ralph Norman (R-SC) on Epstein Files Will Be Released in Time, Ghislaine Maxwell to Meet DOJ, Second Rescissions Package
00:21:52 – Will Lee on Impact Pres. Trump Tariffs Are Having on the US Defense Sector
00:24:48 – Erik Wasson on Speaker Johnson Closing House Early to Avoid Epstein Vote, Second Rescissions Package Latest
00:28:18 – Rep. Jake Auchincloss (D-MA) on Why House GOP Leaving DC Early, Epstein Files Latest, Will Dems. Allow Govt. to Shutdown
00:37:18 – Bloomberg Power Brief: Top Stories Watching Tonight
00:39:35 – Political Panel Reaction on Elon Musk Potentially Returning to Politics, State Redistricting, 2016 Democratic ‘Conspiracy’, Epstein Files
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Deal is Bullish But Risk-Reward Poor: 3-Minute MLIV

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Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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US Stocks Rebound; Oracle Falls on Spending Concerns; SpaceX IPO Pricing | Bloomberg Brief 6/11/2026

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Traders buy the dip. US stocks bounce back from a five-week low ahead of the SpaceX IPO pricing. Oracle drops as data center spending overshadows AI growth. Marvin Loh of State Street discusses the Fed’s rate path. Monti Saroya, co-head of the flagship fund at Vista Equity Partners joins Bloomberg’s Dani Burger at SuperReturn in Berlin.

Chapters:
00:00:00 – Bloomberg Brief
00:00:53 – Global Market Check
00:04:39 – First Look Movers
00:15:31 – Trending on the Terminal
00:20:02 – Front Page News
00:26:36 – Marvin Loh, State Street Senior Global Strategist
00:32:01 – Trending on the Terminal
00:33:37 – Monti Saroya, Vista Co-Head of the Flagship Fund
00:43:27 – What to Watch
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President Trump’s $2 Billion Quantum Bet

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The Trump administration is making another move into venture-style investing, taking equity stakes in nine quantum computing companies. IBM, the largest recipient of the investment, thinks that quantum systems could eventually solve problems involving drug discovery, financial markets, cybersecurity, logistics, and climate science that remain beyond the reach of classical computers. But while companies such as IBM and IonQ claim major breakthroughs are near, former IBM CEO Sam Palmisano questions the government’s role in choosing specific corporate winners and warns that commercial adoption may still take years to realize.
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Approachable Luxury Father’s Day Gifts

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Bloomberg Pursuit’s global luxury editor Chris Rovzner joins David Gura and Christina Ruffini on Bloomberg This Weekend to emphasize the importance of choosing gifts that feel personal and useful rather than obligatory this Father’s Day.
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Trump Says Citi Is the Top M&A Adviser, But It’s Not

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President Donald Trump congratulated Citigroup and CEO Jane Fraser for being the top adviser on mergers and acquisitions. But the bank is nowhere near the top of the list in the first quarter and has actually slipped. Todd Gillespie covers the bank for us.
——–
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