Today, Laura Davison breaks down divides on both sides of the aisle as primary wins from the left puts NYC Mayor Zohran Mamdani back in the spotlight and President Trump leverages power over Senate Republicans to pressure lawmakers into passing a voter ID act. Then, Mike Contopoulos, head of multi-asset macro investing at Janus Henderson Investors, weighs in on market reaction ahead of Micron earnings. Plus, Katie Hubbard, president of US capital markets for Walton Global, discussed the homebuying and homebuilding landscape after President Trump delayed signing a bill that would limit large investment firms from buying up single-family homes.
Finally, Ellen Wald, president of Transversal Consulting and senior fellow at the Atlantic Council, breaks down the oil market as WTI fell below $70 earlier in the day on ships moving through the Strait of Hormuz.

Chapters:
00:00:00 – Bloomberg Businessweek Daily
00:01:33 – Oil Falls as Strait of Hormuz Reopens
00:03:21 – SpaceX Debt Deal and Hertz Warning
00:04:12 – Trump Cancels Housing Bill Signing
00:05:05 – GOP Tensions and Save America Act Fight
00:08:42 – Trump, Mamdani and the Midterm Narrative
00:11:17 – Janus Henderson on Micron, Inflation and Rate
00:15:08 – Why Inflation May Stay Higher for Longer
00:16:56 – Where Investors Are Putting Money Now
00:19:03 – Google AI Talent Exodus and Anthropic
00:22:51 – Housing Market Reality Check
00:23:58 – Homebuilders, Affordability and Land Supply
00:26:35 – Will Trump’s Housing Bill Lower Costs?
00:28:02 – Zoning, Regulation and the Real Housing Bottleneck
00:32:02 – Oil Market Update and Strait of Hormuz Risks
00:34:08 – Deep Dive: Global Oil Shipping and Supply Chains
00:37:37 – Has the Strait of Hormuz Changed Forever?
00:39:45 – Gas Prices and Trump’s Criticism of Big Oil
00:42:45 – Stocks on the Move: Qualcomm
00:44:46 – Meme Stock Watch: Wendy’s
00:45:49 – Hertz Plunges on Profit Warning
00:47:29 – AI Drug Discovery and Hair-Loss Treatments
——–
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Three candidates endorsed by New York City Mayor Zohran Mamdani swept to victory in Democratic congressional primaries on Tuesday. New York Rep. Mike Lawler joins Balance of Power to discuss https://bloom.bg/3SvSUqY

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Secretary-General of the International Maritime Organization Arsenio Dominguez joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the ongoing coordination efforts to establish a safe evacuation route for vessels through in the Strait of Hormuz.
——–
More on Bloomberg Television and Markets

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New York City Comptroller Mark Levine discussed the fast-tracking of SpaceX’s inclusion into major indexes such as MSCI Global Standard and FTSE Russell, highlighting concerns about the abandonment of traditional criteria like seasoning periods and earnings track records. Levine emphasized the unprecedented governance structure of SpaceX, where a single individual holds dominant control with limited shareholder rights and no independent board oversight.

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The New York Knicks NBA Championship may be an opportunity for Madison Square Garden Sports Owner Jim Dolan, says Ariel Investments Co-CEO John Rogers.

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