"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Ron Kirk, former US Trade Representative during the Obama Administration, weighs in on if a 90-day time frame realistically allows the Trump Administration to negotiate trade deals with countries around the world. Pennsylvania Republican Senator Dave McCormick say he doesn’t think the GOP-controlled Congress will support higher taxes for millionaires in order to offset revenue losses from President Donald Trump’s proposed tax package. Nancy Tengler, Laffer Tengler Investments CEO & CIO, discusses tech stocks leading the selloff today and Federal Reserve Chair Jerome Powell commenting on market volatility.
Chapters:
00:00:00 – Balance of Power Begins
00:01:35 – Bloomberg’s Saleha Mohsin, on Japan Officials in DC for Tariff Talks, China is Factor When Countries Negotiate Tariffs, China’s Demands Before Talks
00:04:08 – Bloomberg’s Michael McKee on Fed Chair Powell Reaffirms Inflation Focus
00:06:12 – Bloomberg’s Romaine Bostick on Stocks Fall As Hope Dims For Fed Put, Equities Pacing for Third Down Month
00:08:58 – Ron Kirk, Fmr. US Trade Representative, On Trump Tariff Polices, 90-Day Negotiation Plan, Italian PM Meloni’s Upcoming Visit to White House
00:19:10 – Bloomberg’s David Westin Interviews Senator McCormick (R) PA on Trump Admin Standoff On Harvard, Is GOP Considering Millionaire Tax Hike
00:24:04 – Bloomberg’s Michael Shepard on Chipmakers Lead Tech Stock Rout, Nvidia & AMD Warn on Export Limits
00:27:07 – Political Panel on California Sues Trump Over Tariffs, Stefanik Weighs Run for NY Gov., Judge Threatens Trump Admin. With Contempt in Garcia Case
00:36:28 – Nancy Tengler, Laffer Tengler Investments CEO & CIO, on Jerome Powell, President Trump, Tariffs & Market Volatility
00:44:12 – Washington Lookahead: Italy PM Meloni to Visit President Trump
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