A slate of new economic data suggests inflation is cooling steadily in the US. But Americans still seem to be feeling the heat. Big Take host Sarah Holder digs into the numbers with labor economist Kathryn Anne Edwards. Listen wherever you get your podcasts.
——–
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Carnegie Endowment Vice President Corey Hinderstein says a US civil nuclear agreement with Saudi Arabia could strengthen a long-term strategic partnership but also raises difficult nonproliferation questions, particularly over uranium enrichment and the precedent it could set for other countries. She says expanding civilian nuclear power can support energy security and lower emissions, but only if accompanied by strong safeguards, international monitoring and careful controls over sensitive nuclear technologies.
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Federal Reserve Governor Stephen Miran said he is looking for 150 basis points of interest-rate cuts this year to boost the labor market. “I’m looking for about a point and a half of cuts. A lot of that is driven by my view of inflation,” Miran said Thursday https://bloom.bg/4qJBsev

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Elissa Slotkin (D-MI) says the Trump administration is undercounting the cost of the war with Iran and must be more transparent before Congress approves additional Pentagon funding. Israel’s UN Ambassador Danny Danon says New York City Mayor Zohran Mamdani, rather than Israeli Prime Minister Benjamin Netanyahu, “should be arrested.” His comments came after Mamdani called on the federal government to act on the International Criminal Court’s arrest warrant for Netanyahu if the Israeli leader visits New York. Bob McNally, founder and president of Rapidan Energy Group, warns oil prices could move sharply higher if the conflict around the Strait of Hormuz expands to the Red Sea, warning that the market has largely exhausted the buffers that helped contain the initial shock.

Chapters:

00:02:07 Bloomberg’s Courtney Subramanian on Trump Threatens To Strike Iran Bridges, Power Plants
00:05:26 Senator Elissa Slotkin (D-MI): Americans Are Not Supportive of Iran War
00:09:15 Sen. Elissa Slotkin (D-MI) on US, Saudi Arabia Announce Nuclear Agreement
00:11:08 Sen. Elissa Slotkin (D-MI) on Congress Speeds Towards Potential Shutdown
00:11:56 Sen. Elissa Slotkin (D-MI) on Slotkin, Moreno Push Connected Vehicle Security Act
00:15:45 Bloomberg’s Ed Ludlow on Tesla, Alphabet Earnings Released
00:19:45 Israeli Ambassador to the United Nations Danny Danon: Mamdani, Not Netanyahu, Should Be Arrested
00:25:41 Amb. Danny Danon on Trump Approves Nuclear Deal With Saudi Arabia
00:30:14 Bob McNally, Founder and President of Rapidan Energy Group, on Houthi Threat Give Oil Markets ‘Two Chokepoint’ Problem
00:33:52 Bob McNally on Trump: We Don’t Need the Straits for Oil
00:35:55 Bob McNally on Brent Crude at Highest Since Early June
00:39:11 Bloomberg’s Erik Wasson on House Backs Trump Iran War Budget
00:41:38 Political Panel Reacts: Trump Iran War Budget, House Votes To Restrict Congress Stock Buys, Trump Pays Respects To Fallen Soldiers Amid Iran War
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On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses the latest from the Trump Administration. On today’s show, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, American Principles Project Political Director Katie Frost, Center for Strategic and International Studies Senior Fellow Tom Karako and Ambassador of Ireland to the United States Geraldine Byrne Nason.

Chapters
00:00 Balance of Power: Early Edition 
00:01 Markets Open: Stocks Mixed, Oil Drops, Chip Stocks Slide
00:03 White House Update: Iran Conflict Enters 13th Night
00:07 New Section 301 Tariffs Explained
00:09 Trump Announces EU Trade Investigation
00:11 Political Panel: Tariffs, Inflation & Legal Challenges
00:16 Iran Strategy Debate & U.S. Credibility Questions
00:19 Qualcomm Plans Double-Digit Price Increases
00:21 Democrats Pick South Carolina for 2028 Primary Calendar
00:23 CSIS: Iran’s Remaining Missile Capabilities
00:29 Pentagon Munitions Shortage & Defense Spending
00:34 Canada Tariffs & USMCA Trade Tensions
00:39 Ireland’s Ambassador on U.S.-EU Trade Relations
00:44 EU Defends Digital Market Fines on U.S. Tech Companies
——–
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