Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . New York Governor Kathy Hochul said she’s a “staunch capitalist” opposed to higher taxes and would work to ensure New York remains attractive to businesses if democratic socialist Zohran Mamdani is elected mayor of New York City.   Businesses need to know “that the city of New York, as powerful and...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tue...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . French Prime Minister Francois Bayrou lost a confidence motion in parliament, forcing a third change in government in just over a year and reviving uncertainty over how the country can tackle its mounting debt burden.  Parties across the political spectrum in France’s lower house joined forces Monday to overwhelming...

The Bloomberg Intelligence Financial Washington Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C.    The call is open to all and is held every Monday at 10:00 a.m. EST.    You can register for the call here: h...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Disappointing employment data released Friday validated fears that the US labor market may be on the brink of a downturn and lifted expectations for how much the Federal Reserve will lower interest rates this year. Investors are now fully pricing in a quarter-point rate cut at the Fed’s Sept. 16-17 policy gathering. They...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak w...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump took aim at Chinese leader Xi Jinping as he hosted foreign leaders at a major military parade in Beijing, a reminder of the lingering tensions between the two sides over trade, tech and other issues. “Please give my warmest regards to Vladimir Putin, and Kim Jong Un, a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Xi Jinping used a mix of bonhomie and economic allure this week to send Donald Trump a clear message: Beijing has too much global clout to be dictated by the US. Cameras captured the Chinese leader in a rare, unscripted huddle on Monday with Vladimir Putin and Narendra Modi — his most powerful partners in resis...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintention...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . White House trade adviser Peter Navarro cranked up pressure on India to halt its purchases of Russian oil, repeating accusations that New Delhi is funding the Kremlin’s campaign in Ukraine and casting the conflict as “Modi’s war”. Speaking immediately after the Trump administration doubled tariffs on In...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump imposed a crushing 50% tariff on Indian goods to punish the country for buying Russian oil, upending a decades-long push by Washington to forge closer ties with New Delhi. The new tariffs, the highest in Asia, took effect at 12:01 a.m. in Washington on Wednesday, doubling the existing 25% duty on Indian...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Federal Reserve Governor Lisa Cook vowed to fight President Donald Trump’s move to oust her from the central bank following allegations that she falsified mortgage documents. “His attempt to fire her, based solely on a referral letter, lacks any factual or legal basis. We will be filing a lawsuit challenging this i...

Watch Joe and Kailey LIVE every day on YouTube:  http://bit.ly/3vTiACF . President Donald Trump and South Korean President Lee Jae Myung expressed optimism for close cooperation on North Korea, collective security and shipbuilding, though the US leader downplayed the chances for further concessions on Seoul’s tariff deal. “We can do big progress with North Korea,” Trump said...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor market even as worries over inflation remain. “The stability of the unemployment rate and other labor market measures allows us to proceed carefully as we consider changes to our poli...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US Treasuries snapped two days of gains as traders pared bets on a September interest-rate cut ahead of the Federal Reserve’s gathering at Jackson Hole.  The yield on the 10-year benchmark rose four basis points to 4.33%. The two-year yield — which is more sensitive to changes in monetary policy — moved...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump called on Federal Reserve Governor Lisa Cook to resign after a staunch ally called for an investigation of the board member’s mortgages, intensifying his campaign on the central bank. Federal Housing Finance Agency Director Bill Pulte urged Attorney General Pam Bondi to investigate Cook over a pair...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal.  After a White House summit on Monday yielded a firmer US commitment to guarantees, European leade...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump and Ukrainian leader Volodymyr Zelenskiy expressed hope their summit with European leaders could result in trilateral talks with Vladimir Putin over ending the Russian leader’s war in Ukraine.  The White House meeting, which included top European leaders, came days after the US president me...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump called his meeting with Russian counterpart Vladimir Putin “extremely productive” but indicated that a deal to end the war had still not been finalized, adding that he would speak to NATO allies and Ukrainian President Volodymyr Zelenskiy. “There’s no deal until there’s a...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . US President Donald Trump warned he would impose “very severe consequences” if Vladimir Putin didn’t agree to a ceasefire agreement later this week, following a call with European leaders ahead of his meeting with the Russian president.  Trump also said he hoped to use the Friday meeting to set up a &ldq...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump said he may name the next Federal Reserve chair “a little bit early” and added that he was down to three or four potential candidates as he looks for a successor to Jerome Powell. “I’ll be naming a new chairman sometime within the next — I think I’ll name it a little b...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump extended a pause of higher tariffs on Chinese goods for another 90 days into early November, stabilizing trade ties between the world’s two largest economies. Trump signed an order extending the truce through Nov. 10, deferring a tariff hike set for Tuesday. The de-escalation first took effect when...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . President Donald Trump announced he would take federal control of Washington DC’s police department and deploy 800 National Guard troops there, escalating his push to exert power over the nation’s capital.  Trump on Monday also threatened to insert federal personnel into other cities, including New York and Ch...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with Garrett Graff, author of the new book The Devil...

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF . Washington and Moscow are aiming to reach a deal to halt the war in Ukraine that would lock in Russia’s occupation of territory seized during its military invasion, according to people familiar with the matter. US and Russian officials are working toward an agreement on territories for a planned summit meeting between Pr...