The UK is hosting the Farnborough International Air Show, a key gathering of leaders in the aerospace industry. Wes Streeting, the new UK Defence Secretary, has set aside billions for space capabilities. But how well prepared are the UK and its allies to operate in the warfighting domain of the future? Robert Lightfoot, President of Lockheed Martin Space, joins Caroline Hepker and James Woolcock on Bloomberg Radio to discuss.
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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Middle East. On today’s show, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, Rising Communications President Leslie Shedd, Republican Congressman Byron Donalds of Florida and former Deputy Assistant Secretary of Defense Dana Stroul.

Chapters:
00:00:00 – Balance of Power Begins
00:02:32 – Business Flash
00:04:56 – Bloomberg’s Tyler Kendall on US Striking More Iranian Targets
00:09:47 – Rising Communications’ Leslie Shedd and Harvard University’s Jeanne Sheehan Zaino
00:19:32 – Business Flash
00:22:11 – Rep. Byron Donalds, (R) Florida
00:32:45 – Leslie Shedd and Jeanne Sheehan Zaino on Florida Gubernatorial Race
00:36:08 – Business Flash
00:39:18 – Bloomberg’s Norah Mulinda on Oil Prices
00:42:45 – Dana Stroul, The Washington Institute Research Director
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President Donald Trump said he would move to ban institutional investors from buying single-family homes as part of a push to address housing affordability. “People live in homes, not corporations,” Trump said in his post bloom.bg/4svcP6X

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Listen to Bloomberg This Weekend for unique conversations spanning news, politics, lifestyle and culture.

David Gura, Christina Ruffini and Lisa Mateo bring you unique discussions and in-depth conversations with lawmakers, business leaders and cultural icons.
Bloomberg This Weekend gives you insight to make sense of the world.

Stories on today’s show includes:
– US, Iran Trade More Attacks After Two Troops Killed in Jordan
– Burnham Says He’ll Be a Pro-Business PM in London Speech
– SpaceX Set to Wipe Out $1 Trillion in Value as Shares Slide
– Spain, Argentina Face Off in World Cup Final

Today’s show includes conversations with:
– Former US Defense Secretary Mark Esper
– US Representative Marlin Stutzman, Republican from Indiana
– Former US Ambassador Rahm Emanuel
– US Senator Jeanne Shaheen

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Rand Paul (R-KY) says the Pentagon’s proposed increase in military spending is “absolutely irresponsible” and argues US strikes on Iran has “not” gotten the two closer to a deal. Senator Rick Scott (R-FL) says preventing Iran from obtaining a nuclear weapon will likely require “a lot more bombing” and argues that “nothing should be off the table” when asked about the possibility of US occupation of Kharg Island. Senator Mark Warner (D-VA) says Congress must move quickly to establish safeguards for artificial intelligence, warning that the technology could severely disrupt employment for recent college graduates.

Chapters:

00:02:01 Senator Rand Paul (R-KY) on Iran War Has Cost US $37.5B, Defense Secretary Hegseth Says
00:05:33 Sen. Rand Paul (R-KY) on Getting Strait of Hormuz Open
00:08:18 Sen. Rand Paul (R-KY) on Save Act Doesn’t Have Votes To Pass
00:11:38 Sen. Rand Paul (R-KY) on Putting Pressure on Russia
00:14:54 Power Moves: Top Financial Moves
00:17:43 Bloomberg’s Erik Wasson on House GOP Looks To Push Govt. Funding Deadline Until After Midterms
00:20:16 Bloomberg’s Jen Dlouhy on Trump Plays Down Prospects for Iran Talks Amid Red Sea Threat
00:25:06 Senator Rick Scott (R-FL) on US Death Toll From War With Iran Hits 17
00:31:02 Sen. Rick Scott (R-FL) on House GOP Looks To Take Stopgap Vote This Week
00:32:43 Sen. Rick Scott (R-FL): Let’s Get Rid of the Filibuster
00:34:40 Political Panel Reacts: Iran War Cost and Midterms
00:41:41 Senator Mark Warner (D-VA): This Was a War of Choice Without a Plan
00:45:22 Sen. Mark Warner (D-VA): ‘Disappointed’ When Jay Clayton Testified Before Intel Committee
00:49:13 Sen. Mark Warner (D-VA) on AI Regulation and Data Centers

——–
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