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Trump to Drop Plans for $1.8B Anti-Weaponization Fund | Balance of Power 06/01/2026

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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Kathleen Hicks, former US Deputy Secretary of Defense in the Biden administration, says the path out of the Iran conflict requires experienced negotiators and professional diplomatic teams. Rep. Mike Flood (R-NE) stresses the need for Congress to move on reconciliation after the Justice Department made what he calls the “right choice” on the $1.8 billion so-called “weaponization” fund. Rep. Maggie Goodlander (D-NH) criticizes President Trump’s handling of the conflict with Iran, arguing Congress must use its war-powers and spending authority to demand clearer answers from the Pentagon.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:42 – Jeff Mason Talks Latest on Pres. Trump to Drop Plans for $1.8B Anti-Weaponization Fund
00:03:58 – Kathleen Hicks, Fmr. US Deputy Secretary of Defense, Says Iran Strategy Must Run Through Diplomacy
00:11:48 – Power Moves: Top Financial Stories of the Day
00:15:46 – Rep. Mike Flood (R-NE) Discusses Congress to Move Onto Reconciliation, War Powers Resolution Expectations, FISA Latest
00:24:53 – Rep. Maggie Woodlander (D-NH) on Pres. Trump’s Handling Of Iran Conflict, Congress & War Powers, Weaponization Fund
00:35:05 – Enda Curran on Ex-Fed Chair Jerome Powell Warns Political Firings Would Erode Fed’s Trust
00:38:14 – Rep. Mike Flood (R-NE) Shares His Reaction to Pres. Trump to Drop Plans for $1.8B Anti-Weaponization Fund
00:40:23 – Political Panel React to Pres. Trump to Drop Plans for $1.8B Anti-Weaponization Fund, Latest on Trump and Geopolitics
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US Fires on Ship Breaking Iran Blockade: WSJ

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The Wall Street Journal says US forces fired on Panama-flagged ship that tried to break through the American naval blockade of Iran. It happened Tuesday morning. Oil prices moved higher on the news.
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DeepSeek Nears $12B Funding Round Ahead of Potential IPO

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Minmin Low give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – The China Show opens
00:04:34 – Asian stocks under pressure after S&P 500 reaches new peak
00:08:34 – DeepSeek said to have closed $12B fundraising round
00:14:26 – Singapore’s foreign minister speaks at the Milken Asia Summit
00:16:44 – Exclusive: JPMorganChase’s Jamie Dimon on AI debt financing
00:26:32 – Taiwan stocks pull ahead of KOSPI in AI-driven rally
00:31:59 – Chinese private refiners turn to Iraqi crude amid US blockade
00:37:31 – TOKEN2049: Dragonfly’s Haseeb Qureshi on Bitcoin’s next phase
00:49:57 – Uranium stocks jump after Alphabet-Constellation Energy deal
00:53:13 – What is driving DeepSeek’s funding needs?
00:58:05 – Milken Asia Summit: Viture’s David Jiang on AI smart glasses
01:08:43 – Nvidia’s market value nears $6T
01:11:04 – Bitcoin recovery revives talk of bull market
01:13:09 – Exclusive: Coinbase’s Liz Martin on expanding crypto exchange offerings
01:23:44 – Economists see RBI raising rates by 25 basis points to 5.5%
01:26:59 – Exclusive: JPMorganChase’s Jamie Dimon on AI-driven cyber threats
——–
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Trump Extends Iran Ceasefire as Talks Falter | The China Show 4/22/2026

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“Bloomberg: The China Show” is your definitive source for news and analysis on the world’s second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter.

Chapters:
00:00:00 – Bloomberg: The China Show opens
00:03:36 – Trump extends Iran ceasefire but maintains Hormuz blockade
00:06:46 – Traders considers ceasefire extension
00:14:25 – Kevin Warsh pledges Fed independence
00:27:48 – CGS International’s Group CEO Carol Fong on shifting investment strategies amid Iran war
00:36:38 – Taiwan cancels Lai’s trip, citing China’s interference
00:39:58 – China’s CATL debuts EV battery with six-minute recharge
00:48:42 – Latest in Middle East as Trump extends Iran ceasefire
00:53:23 – William Blair’s Vivian Lin Thurston: AI outlook lifting markets
01:05:31 – Scoop: Anthropic’s Mythos model being accessed by unauthorized users
01:12:17 – Trending in China: Upcoming AI movie sparks concerns
01:21:24 – Indonesia set to hold key rate as rupiah hits record lows
01:29:30 – Mistral AI sees global demand for custom AI
——–
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Ray Dalio on the US Debt Crisis, Interest Rates, AI, Risk in Europe, US vs. China

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Bridgewater Associates Founder Ray Dalio says he sees the possibility of a US debt crisis within three years. He speaks with Haslinda Amin on “Insight with Haslinda Amin.”

00:00 The US debt cycle
03:46 Interest rates and sectors
06:18 Capital flows and geopolitics
8:39 Contagion risk in Europe
10:31 Equity markets and AI hype
14:01 Systemizing investment with AI
16:15 Identifying economic bubbles
20:14 The US-China technology war
25:10 Investor risk concentration

——–
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Brazil Election: Bolsonaro Pushes Lula to Brink as Markets Set to Rally

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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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.

The euro fell to its weakest since May 2025 as investor concerns over political and fiscal risks in the region intensified.

Flávio Bolsonaro surged to a surprise lead over Luiz Inácio Lula da Silva in the first round of Brazil’s presidential election, making him the overwhelming favorite to win the runoff and take Latin America’s heavyweight nation sharply to the right.

And Schneider Electric said it’s buying PTC for about $22.6 billion, further expanding its portfolio of industrial software and offerings powered by artificial intelligence.

Today guest: Tanvi Kanchan, Anand Rathi Shares & Stock Brokers, Associate Director & Head of International Business & Strategy.

Chapters:
00:00:00 – Daybreak Europe
00:01:08 – Saudi-Backed Yemen Forces Begin Bid to Retake Houthi Areas
00:11:13 – Pentagon Redeploys Bombers from UK Base
00:14:18 – Schneider Said to Near Deal to Buy PTC for More Than $20 Billion
00:18:27 – China Auto Stocks Drop
00:21:25 – UK Expected to Follow EU With China EV Tariffs, Times Says 
00:26:20 – Tanvi Kanchan, Anand Rathi Shares & Stock Brokers, Associate Director & Head of International Business & Strategy
00:34:01 – Bolsonaro Pushes Lula to Brink of Defeat Ahead of Brazil Runoff
00:39:23 – London Takes a Hit as Super Rich Worth $160 Billion Exit UK
00:44:52 – Inflation Outpacing US Wage Growth
——–
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