President Trump says talks are happening with Iran, and that he wants to give the country a last chance before “decapitation.” Bloomberg News White House Correspondent Jeff Mason reacts to the President’s latest comments on Iran, plus the announcement from Acting AG Todd Blanche that the DOJ is rescinding the anti-weaponization fund order. Then, Torsten Slok, Chief Economist at Apollo, says the economic impacts from the war in Iran remains one of the most important factors as the Fed continues to weight interest rate hikes. Finally, Goldman Sachs Senior Equity Research Analyst Lizzie Dove talks Marriott earnings, and the war’s impact on the travel and leisure sector.

Chapters
00:00:00 Bloomberg Businessweek Daily
00:01:38 Preview: Iran, DOJ & the Fed
00:02:09 Trump on Voter ID, Iran & the SAVE America Act
00:08:28 Trump on the Anti-Weaponization Fund & Todd Blanche
00:16:16 Trump Criticizes Oil Company Profits
00:18:00 Trump on Crime, Immigration & Washington, D.C.
00:22:46 Trump Gives Iran a “Last Chance”
00:29:30 White House Analysis with Jeff Mason
00:33:13 Polls, Politics & the Midterms
00:38:05 Trump’s Oil Comments Move Energy Stocks
00:40:18 Market Update: Stocks Extend Gains
00:41:22 Torsten Sløk on Markets & the 60/40 Portfolio
00:42:05 Why the Strait of Hormuz Still Matters
00:44:37 Kevin Warsh, the Fed & Market Confusion
00:49:01 Why the Classic 60/40 Portfolio Is Breaking Down
00:52:08 AI Concentration & Market Risk
00:53:53 Market Update: Hotels, Palantir & Big Tech
00:54:11 Marriott Earnings & Global Travel Trends
00:57:06 Business Travel vs. Leisure Demand
00:59:14 Cruise Industry Outlook
——–
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LIV Golf is seeking fresh investments as it prepares to cut purses and move away from the huge guaranteed payments that helped it lure some of golf’s biggest stars. Author of “LIV or Let Die” Alan Shipnuck is on Bloomberg This Weekend to explain that the league’s future may depend on retaining players including Jon Rahm and Bryson DeChambeau while proving it can attract enough fans and revenue to operate with less financial support from Saudi Arabia.
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With Exxon and Chevron reporting their biggest profits in years, oil reporter Mitchell Ferman on why US gasoline prices are still so high.
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Oil fell after US President Donald Trump said new talks with Iran would begin on Monday after he called off a planned attack on the Islamic Republic. Bloomberg’s Nicholas Lua reports.
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“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Chris Coons of Delaware discussed the current Senate agenda, aiming to pass a government funding bill to avoid a shutdown through December, highlighting the importance for federal employees and the country’s global standing. Republican Congressman Dusty Johnson of South Dakota, a member of the House Committee on Agriculture and the House Select Committee on China, spoke about the ongoing negotiations in the Senate regarding a continuing resolution to fund the government. 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.

Chapters:

00:01:47: Sen. Chris Coons (D-DE) on Senate Eyes Packed Agenda Ahead of August Recess
00:03:58 Sen. Chris Coons (D-DE) on Trump: Senate Will Hopefully Pass Protect College Sports Act
00:05:12 Sen. Chris Coons (D-DE): Blanche May Be Confirmed but Republican Colleagues Will Regret That
00:09:27 Sen. Chris Coons (D-DE) on US Says Putin Willing To Test NATO With Limited Assaults: WSJ
00:13:22 Bloomberg’s Josh Wingrove on Trump Again Moves To Fire Cook, Reviving Fed Independence Fight
00:15:18 Rep. Dusty Johnson (R-SD) on Possible Government Shutdown in September
00:17:28 Rep. Dusty Johnson (R-SD) on Senate Delays Clarity Act Vote Until After August Recess, Thune Confirms
00:22:28 Bloomberg’s Michael McKee on US Employers Unexpectedly Shed Jobs
00:26:54 Rep. Greg Landsman (D-OH) on Senate Passes Russia Sanctions Bill Championed by Sen. Graham
00:29:26 Rep. Greg Landsman (D-OH) on Iran Says Deal With Oman on Hormuz Ships Agreed in Principle
00:31:36 Rep. Greg Landsman (D-OH) on Pressure Increases on Rep Miller To Step Aside
00:34:45 Rep. Greg Landsman (D-OH) on Supreme Court Lets Trump End Protected Status for Haitians
00:36:25 Bloomberg’s Tyler Kendall With Daniel Driscoll: Giving Firms Access to Testing Ranges
00:41:58 Political Panel Reacts: Senate Packed Agenda, Cassidy Says He’ll Give Blanche Key Vote for Attorney General, White House Ballroom

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