Business
Democratic Socialist Wins Upset in FL Senate Primary | Balance of Power 08/19/2026
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Democratic Representative Suhas Subramanyam of Virginia says he opposes more data centers in his district, arguing that development has created power and environmental problems and driven up some residents’ utility bills. Jason Furman, former Chairman of the Council of Economic Advisers under President Obama, says higher interest rates are “likely here to stay” as government and businesses compete for capital, with US national debt surpassing $40 trillion.
Chapters:
00:01:20 Bloomberg’s Tyler Kendall on US Canada Tariff Deal Takes Shape
00:05:22 Bloomberg’s Enda Curran on $40 Trillion National Debt and Treasury Buybacks
00:09:07 Bloomberg’s Bill Faries on Florida and Alaska Primary Results
00:16:10 Rep. Suhas Subramanyam (D-VA) on Data Center Expansion
00:19:45 Rep. Suhas Subramanyam (D-VA) on Crypto Legislation and Ethics Concerns
00:21:10 Rep. Suhas Subramanyam (D-VA) on ICE Oversight and Detention Conditions
00:24:31 Power Moves: Top Financial Moves
00:26:46 Jason Furman, Former Chairman of the Council of Economic Advisers Under President Obama, on the $40 Trillion Debt and Interest Rates
00:29:25 Jason Furman on Is the AI Investment Boom a Bubble?
00:31:52 Jason Furman on The Fed’s Balance Sheet and Fiscal Policy
00:35:18 Bloomberg’s Greg Stohr on Supreme Court and the White House Ballroom
00:38:00 Political Panel Reacts: Trump Ballroom, Florida Democratic Socialist’s Primary Victory, Alaska Senate Race Comes Into Focus
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Business
Walmart Slides 9% as Sales Slow and Stocks Retreat | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Sally Bakewell, Carol Massar and Emily Graffeo.
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Business
RBC’s Lori Calvasina Sees S&P 500 Upside Despite Fed Risk
Wall Street traders sent stocks and bonds wavering in the Monday session as fresh Middle East violence stoked concerns about an escalation of the war that has jolted global markets. Following the S&P 500’s longest weekly advance since May, the gauge fluctuated. Chipmakers rallied as Anthropic PBC’s revenue surge bolstered bets on the artificial-intelligence trade. Brent crude rose to around $89, leaving traders wary about inflationary pressures that could make the Federal Reserve raise rates. Treasury 30-year yields hit the highest since 2007.
Lori Calvasina, Head of US Equity Strategy at RBC Capital Markets, explains why Fed policy uncertainty, potential rate hikes and valuation concerns may not be enough to derail the equity rally. She speaks to hosts Tom Keene and Paul Sweeney on Surveillance Radio.
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Business
Fed’s Internal Rate Debate Faces New Scrutiny
Minutes from the Federal Reserve’s July meeting will offer a closer look at the debate that produced three dissents in favor of a quarter-point rate increase, an unusually visible split as policymakers contend with elevated inflation and mixed economic data. Joining Joe Mathieu and Carol Massar on Bloomberg This Weekend, BMO Capital Markets Senior Economist Jennifer Lee expects the Fed to remain patient, with the firm forecasting no rate move until late 2027, when it expects the central bank to begin cutting.
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Business
Oil Jumps as Markets Await Middle East Clarity | Closing Bell
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with David Gura, Isabelle Lee, Norah Mulinda and Tim Stenovec.
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Business
Odd Lots: How Anti-trust Laws Work for Franchise Restaurants
For decades, the franchise business model has allowed independent operators to license trademarks from businesses like McDonald’s or Dunkin Donuts and changed the way Americans are employed.
Brian Callaci, chief economist of the Open Markets Institute, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss how legal battles fought by franchises eventually opened the door to what’s now known as the gig economy.
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