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Warsh Declines Comment on Any Discussion With President Trump

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“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) say they would not have raised interest rates and discuss the impact of higher rates and inflation on consumers. In a Truth Social post, Trump said that US rates “should be 1%, or less.” Chris Phelan, White House Council of Economic Advisers chairman, agrees and says anyway you measure it – inflation is coming down.

Chapters:

00:01:53 Bloomberg’s Mike McKee on Kevin Warsh, Fed Decision and Inflation Outlook
00:05:36 Power Moves: Top Financial Moves
00:07:46 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on Rates and Economy
00:11:57 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) on $5,000 Trump Dividend
00:13:23 Reps. Mike Lawler (R-NY) and Josh Gottheimer (D-NJ) Discuss the Stop Rogue AI Act, AI Regulation
00:20:00 Bloomberg Economics’ Becca Wasser and Bloomberg’s Courtney McBride on Cost of US Naval Blockade on Iran
00:25:29 Chris Phelan, White House Council of Economic Advisers Chairman, on White House Reacts to Fed Rate Hike
00:32:01 Chris Phelan on Diesel Prices and Inflation Concerns
00:34:32 Chris Phelan on Trump’s Proposed $5,000 Dividend Checks
00:36:52 Political Panel Reacts: Fed, Inflation and Economy, Trump Campaigns for Michael Whatley in North Carolina, Russia Sanctions and Presidential Tariff Authority
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Dollar, Treasuries Have More Gains Ahead: Markets Analysis

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Anna Edwards, Guy Johnson and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”
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Hedge Fund manager Citrone made more than Bill Ackman and Paul Singer in 2024

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Hedge fund founder Rob Citrone made more money for himself in 2024 than billionaires Bill Ackman, Andreas Halvorsen and Paul Singer as killer returns at his 26-year-old fund, Discovery Capital Management, made him an estimated $730 million. That payday ranked him No. 9 on Bloomberg’s annual list of the best-paid hedge fund founders and marks his first appearance since the ranking’s inception in 2019. Tom Maloney has more.
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Puerto Rico Unveils $35 Billion Restructuring Plan to Exit Bankruptcy

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Jun.17 — Susheel Kirpalani, bankruptcy chair at Quinn Emanuel, outlines Puerto Rico’s potential $35 billion restructuring plan to exit from its record-breaking bankruptcy. He speaks on “Bloomberg Daybreak: Americas.”

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Trump, Panama Leader Clash Over Canal Control

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Panama’s President José Raúl Mulino has rejected Donald Trump’s threat to reimpose US control over the Panama Canal, saying sovereignty over the waterway is not negotiable. Trump earlier claimed that the canal is “falling into the wrong hands” and implied that the US could take control of it. Bloomberg’s Jill Disis reports.
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Chris Wright: Energy can flow without peace

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“President Trump prefers the peace approach, but we’ve got the military assets to drive flows even without peace,” says US Energy Secretary Chris Wright on keeping energy supplies moving amid geopolitical tensions.

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