Bessent Unleashes ‘Operation Economic Outcast’ on Iran | Balance of Power 08/24/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Rep. Jake Auchincloss (D-MA) says he will not vote “for a single dollar” to fund what he calls a failed and illegal war, arguing Congress must prevent it from becoming a “forever war.” Stephen Moore, former Trump economic advisor, says China is key to the success of the Trump administration's secondary sanctions targeting countries that continue to do business with Iran. Rob Bonta, Attorney General of California, says he canceled a meeting with Paramount over its proposed merger with Warner Bros., accusing the company of “playing games” and leaking details of confidential negotiations to the press. Chapters: 00:01:22 Bloomberg’s Kate Sullivan on Supreme Court Ruling on Mail-In Ballots 00:05:50 Bloomberg’s Shawn Donnan on What Derailed US-Canada Trade Talks? 00:09:54 Rep. Jake Auchincloss (D-MA) on Iran and Trump’s Strategy 00:13:09 Rep. Jake Auchincloss (D-MA) on Sanctions Against China 00:16:18 Rep. Jake Auchincloss (D-MA) on Immigration and Military Families 00:20:07 Stephen Moore, Former Trump Economic Advisor, on Secondary Sanctions Against Iran 00:21:53 Stephen Moore on Can Iran Sanctions Work Without China? 00:23:43 Stephen Moore on the US-Canada Tariff Fight 00:26:19 Bloomberg’s Greg Stohr on Supreme Court Mail-In Ballot Decision Explained 00:28:41 Bloomberg’s Mike McKee on Kevin Warsh Prepares for Jackson Hole 00:31:06 Rob Bonta, Attorney General of California, Reacts to Mail-In Ballot Ruling 00:32:51 Rob Bonta on Paramount-Warner Bros. Merger Dispute 00:37:12 Rob Bonta on Meta Trial and Possible Zuckerberg Testimony 00:39:57 Political Panel Reacts: Trump Campaigns Ahead of South Carolina Primary, Doug Ford Escalates Rhetoric Against Trump, Will China Face Secondary Sanctions Over Iran? -------- 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