Blanche Strikes Confirmation Deal With Cornyn, Tillis | Balance of Power 08/03/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Ambassador James Jeffrey, Distinguished Fellow at the Washington Institute for Near East Policy and former US Ambassador to Iraq and Turkey, discusses ongoing negotiations between the US and Iran, focusing on President Trump's repeated ultimatums and threats of escalation. Robert McWhirter, founder of the Law Office of Robert McWhirter, says acting attorney general Todd Blanche’s written pledge to terminate the administration’s $1.8 billion anti-weaponization fund is legally unenforceable, arguing that “a pinky swear has far more force.” Chapters: 00:02:33 Bloomberg's Courtney Subramanian on Trump: Want To Give Iran Last Chance Before ‘Decapitation’ 00:06:09 Ambassador James Jeffrey, Distinguished Fellow at the Washington Institute for Near East Policy and former US Ambassador to Iraq and Turkey, on Trump Calls off Strikes on Concern From Gulf Allies 00:08:07 Fmr. Amb. James Jeffrey: Tried, Failed To Decapitate Tehran 00:09:13 Fmr. Amb. James Jeffrey: Tehran Had a Good Deal but They Tore It Up 00:14:45 Power Moves: Top Financial Moves 00:16:51 Bloomberg's Mike McKee on US, Japan Move To Transform Yen Landscape 00:24:48 Bloomberg's Erik Wasson on Blanche Strikes Confirmation Deal With Cornyn, Tillis 00:29:14 Robert McWhirter, Founder of the Law Office of Robert McWhirter, on Blanche Strikes Confirmation Deal With Cornyn, Tillis 00:29:55 Robert McWhirter: A Pinky Swear Has More Force 00:31:19 Robert McWhirter: Bondi, Blanche Only Loyal to Trump 00:34:24 Robert McWhirter on DOJ Moves To Drop Reflecting Pool Case Against Ex-Olympian 00:39:30 Political Panel Reacts: Blanche Strikes Deal With GOP Holdouts To Advance His Nomination, Blanche Formally Rescinds Anti-Weaponization Order -------- 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