"Balance of Power" focuses on the intersection of politics and global business. On today’s show, Dan Brouillette, Former Secretary of Energy during the first Trump administration and Co-chair of the Torridon Group, says a US diesel export ban would be a “bad idea” because it could eventually force refiners to cut production and raise gasoline prices. Bale Dalton, US Navy Reserve Captain, Democratic Nominee for Florida’s 7th Congressional and former NASA Chief of Staff, says the war with Iran has become a “forever war” with no strategic value or defined end state. Travis Hill, FDIC chairman, says the agency is not ruling out risks from AI tools that could allow customers to move deposits more quickly in search of higher returns, though he says such a scenario would require a significant shift in how customers delegate financial decisions.
Chapters:
00:02:07 Bloomberg’s Kate Sullivan on Trump Hits the Road Ahead of Midterms
00:06:09 Dan Brouillette, Former Secretary of Energy during the first Trump administration and Co-chair of the Torridon Group, on Diesel Prices and Strait of Hormuz
00:08:15 Dan Brouillette on Refining Constraints Keep Fuel Prices Elevated
00:09:30 Dan Brouillette Warns Against US Diesel Export Ban
00:12:00 Dan Brouillette on Permitting Reform and US Energy Infrastructure
00:14:17 Power Moves: Top Financial Moves
00:17:18 Bale Dalton, Democratic Nominee for Florida’s 7th Congressional, on Florida’s Competitive Congressional Races
00:20:28 Bale Dalton on Congressional Stock Trading and Ethics
00:22:11 Bale Dalton on Iran War and US Military Strategy
00:24:52 The Debrief With Mario Parker: Trump’s Midterm Campaign Blitz
00:29:41 Political Panel Reacts: Campaign Fundraising and Ad Spending, Economy and Cost of Living Shape Midterms, Texas Senate Race and Ken Paxton
00:39:07 Travis Hill, FDIC chairman, on Banking Risks
00:40:30 Travis Hill on Could Agentic AI Trigger Deposit Flight?
00:43:32 Travis Hill on Future of FDIC Deposit Insurance
00:44:50 Travis Hill on Banking Regulation and Capital Rules
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