Connect with us

Business

Trump Tax Law to Add $3.4T to US Deficit Says CBO | Balance of Power: Late Edition 7/21/2025

Published

on



“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Jared Bernstein, Former Chair of the White House Council of Economic Advisers, discusses whether or not anyone in the Biden Administration had an issue with the Federal Reserve building renovation project before signing off on it. Erin Covey, Cook Political Report US House Editor, discusses Texas Republicans planning to redraw congressional maps in the hopes of gaining more seats in the House during the Midterms. Rep. Becca Balint (D-VT) and Rep. Lisa McClain (R-MI) share their opposing viewpoints on how the Trump Tax Law may or may not effect the US deficit.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:02:42 – Akayla Gardner on CBO Says Trump Tax Law Will Add $3.4T to US Deficit, EU Racing to Secure US Trade Deal
00:06:00 – Michael McKee on Rep. Luna Refers Powell to DOJ for Criminal Charges, Pressure on Powell
00:08:36 – Jared Bernstein, Fmr. Chair of the White House Council of Economic Advisers, on Trump Pressuring Powell, Will Interest Rates Be Cut
00:16:43 – Julie Fine on Pres. Trump Wants Redistricting in Texas
00:18:12 – Erin Convey, US House Editor at the Cook Political Report, on Will Redrawing Texas Congressional Map Benefit or Harm Texas GOP
00:24:20 – Bloomberg’s Power Brief: Top Stories Watching Tonight
00:25:43 – Erik Wasson on Pres. Trump’s Tax Law Will Add $3.4T to US Deficits According to CBO
00:28:15 – Rep. Rebecca Balint (D-VT) on Whether or Not Tax Law Will Add to Deficit, Rescissions Package, Is a Govt. Shutdown to Come
00:36:35 – Rep. Lisa McClain (R-MI) on CBO Score of Trump Tax Law, Potential Additional Rescissions Package, Potential Fed. Reserve Investigation
00:42:03 – Political Panel Reaction to CBO Scoring of Trump Tax Bill, How Voters Will Feel About Tax Bill, Potential Government Shutdown
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Business

US Retail Sales Stall in December

Published

on



US retail sales unexpectedly stalled in December coming in unchanged. Eight out of 13 retail categories saw decreases during the holiday season. Invesco’s Kristina Campmany says consumers are on edge and being more selective.
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Continue Reading

Business

Nvidia CEO Says Tech Stock Selloff Is a Buying Opportunity | The Pulse 6/8/2026

Published

on



Nvidia CEO Jensen Huang called a global tech stocks selloff that began last week a buying opportunity, saying the buildout of artificial intelligence has just begun. 

Israel and Iran exchanged missile strikes on Monday despite President Donald Trump’s calls for both sides to stop fighting and give peace talks a chance.

And Intesa Sanpaolo offered to buy Banca Monte dei Paschi di Siena for €30.6 billion in a move that’s set to spur a new phase of dealmaking in Italian finance.

Today’s guests: Lindsay Rosner, Goldman Sachs Asset Management Head of Multi-Sector Investing; Euan Blair, Multiverse CEO & Founder; Kanishka Narayan, UK AI & Online Safety Minister


“The Pulse With Francine Lacqua” is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.

Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:00:25 – Israel, Iran attacks threaten ceasefire
00:04:07 – Stock losses build as AI rally cools
00:04:50 – Lindsay Rosner, Goldman Sachs Asset Management Head of Multi-Sector Investing
00:10:48 – Intesa makes Paschi bid after rival pitch from BPM
00:14:48 – Euan Blair, Multiverse CEO and Co-Founder
00:23:34 – Monday headlines
00:24:02 – Oil jumps on Middle East conflict flare up
00:26:15 – Airline bosses gather for IATA AGM in Brazil
00:31:54 – HSBC CEO on Gulf resilience and growth prospects
00:36:09 – IMF’s Georgieva on the next global shock
00:39:42 – Kanishka Narayan, UK Minister for AI & Online Safety
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Continue Reading

Business

Inside Hudson River Trading’s Blistering Token Burn

Published

on



On this episode of the Odd Lots podcast, Iain Dunning, head of AI at Hudson River Trading, joins Joe Weisenthal and Tracy Alloway to talk about how the firm is deploying AI and how much employees are actually spending on tokens.
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Continue Reading

Business

GE Aerospace Evolves Amid High Aviation Demand

Published

on



CEO of GE Aerospace Larry Culp spoke with Bloomberg’s Co-Anchor of The Opening Trade Guy Johnson about GE’s recent corporate restructuring and the company’s current position and strategic outlook within the aerospace industry.
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Continue Reading

Business

OpenAI Files for IPO with SpaceX Debut Well Oversubscribed | Daybreak Europe 6/09/2026

Published

on



Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

OpenAI, the maker of ChatGPT, filed confidentially for an IPO, joining artificial intelligence rivals in tapping public markets to fund ambitious growth plans. SpaceX’s initial public offering is well oversubscribed with multiple institutional investors placing orders for about $10 billion or more of shares in the Elon Musk-led company, according to people familiar with the matter, as demand builds for a potentially record-setting debut.

A rebound in equities that began on Wall Street extended into Asia, as cheaper valuations for artificial intelligence shares lured investors. Crude oil declined as tensions in the Middle East eased.

And Iran and Israel agreed to ease strikes against each other after a flare-up in violence threatened to derail peace negotiations and led President Donald Trump to appeal for de-escalation.

Chapters:
00:00:00 – Daybreak Europe
00:03:19 – OpenAI Files Confidentially for IPO as Rivals Compete for Cash
00:10:25 – AI Firms Race to Tap Public Markets in 2026
00:15:11 – SpaceX IPO Is Well Oversubscribed With $10 Billion Orders
00:19:39 – Apple’s AI Reboot Sets Stage for New Devices After Shaky Start
00:21:59 – Austin: Xi Wants Taiwan by Coercion
00:24:29 – Listing Spree
00:25:59 – Asian Stocks Recover After AI Selloff
00:34:05 – Xi Avoids Nuclear Question During Pyongyang Visit
00:39:58 – California Governor’s Race Set for Becerra, Hilton Showdown
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.