Business
Trump Extends China Truce | Balance of Power 8/12/2025
On the early edition of Balance of Power, Bloomberg Washington Correspondent Joe Mathieu discusses China urging firms not to use the Nvidia H20 chip as President Trump extends tariff truce for 90 days. On today’s show, Wiley Rein National Security Practice Group Lead Nazak Nikakhtar, Stonecourt Capital Partner Rick Davis, Center for the Study of the Presidency and Congress Senior Democracy Fellow Jeanne Sheehan Zaino, Democratic Congressman Jake Auchincloss of Massachusetts and Republican Congressman Tim Burchett of Tennessee.
Chapters:
00:00:00 – Balance of Power: Early Edition Starts
00:03:58 – Wiley Rein’s Nazak Nikakhtar Talks Trump’s Trade Deal as China Urges Firms Not to Use Nvidia H20 Chips
00:12:30 – Bloomberg Political Panel on China Deal Fallout, Trump Appointing New Bureau of Labor Statistics Head
00:21:18 – Rep. Jake Auchincloss (D-MA) Discusses Zelenskiy Refusing to Withdraw Troops from Donbas, ‘Grotesquely Inappropriate’ Nvidia Chip Deal
00:30:52 – Daniel Flatley on Scott Bessent Emerging as Key Player in Trade Talks
00:34:24 – Rep. Tim Burchett (R-TN) Previews Trump-Putin Alaska Meeting, Epstein File Release
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Business
Trump to Watch Election Returns at White House
President Donald Trump is in the White House tonight watching the election returns. One official says Trump is feeling “cautiously optimistic.” Bloomberg’s Kate Sullivan reports.
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Business
Own, Don’t Earn: ‘Everywhere Millionaire’ Author
Owen Zidar, author of ‘The Everywhere Millionaire’, joins Scarlet Fu and Tom Keene discuss their must-read book on this week’s edition of “Bloomberg Money.” They discuss Zidar’s book, which lays out how wealth often comes from businesses outside of Wall Street. They also discuss ‘Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century’ by Napoleon Hill.
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Business
Bain Capital Chair Expects $30 Billion of Exits This Year
John Connaughton, Chair at Bain Capital, says he is optimistic about the firm’s Asia business and hopes to build momentum with exits in China. He speaks exclusively with David Ingles and Yvonne Man on the sidelines of the Hong Kong Monetary Authority Global Financial Leaders’ Investment Summit.
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Business
Apple Looks Very Smart in Modest AI Spend: Tom Forte
Tom Forte of Maxim Group says he is especially interested in commentary on the December quarter, when the latest iPhone models will have had more time to affect sales. He said initial demand for the new iPhone duo appears strong and pointed to pent-up interest in a foldable iPhone after a long wait. He speaks with Kailey Leinz & Ed Ludlow on “The Close.”
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Business
Tech Selloff Intensifies on Earnings; Binance Estimates $6.3B Hacked
US equity futures slump after disappointing earnings from Amazon and Intel. Binance estimates $6.3 billion was stolen in a hack, the largest to hit the digital-asset industry. The Bank of Japan signals a potential rate hike in December after hitting its inflation target. Jane Foley of Rabobank joins “Bloomberg Brief” to discuss the current risks in the FX market, including ECB President Christine Lagarde’s plan for an early departure.
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