Dems, GOP Evaluate 2026 Midterm Roadmap | Balance of Power 08/12/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Former Minnesota Governor Tim Pawlenty analyzes recent GOP primary results, including the defeat of Trump-endorsed Mike Lindell in the Minnesota governor's race. Representative Mark Pocan (D-WI) discusses the closely contested Democratic gubernatorial primary, where David Crowley narrowly edged out Francesca Hong by a margin of just a few thousand votes. Robert Malley, Former U.S. Special Envoy for Iran, now President Emeritus and Program Director for the Middle East and North Africa of the International Crisis Group, says that the situation with the Strait of Hormuz could be indefinite or even permanent. Chapters: 00:01:43 Bloomberg’s Jeff Mason on Karoline Leavitt Leaving the White House 00:04:48 Bloomberg’s Michael McKee on Inflation Cools & What It Means for the Fed 00:08:27 Former Minnesota Gov. Tim Pawlenty on the GOP & Midterms 00:12:02 Former Minnesota Gov. Tim Pawlenty on Minnesota Democratic Primary & the Progressive Movement 00:13:44 Former Minnesota Gov. Tim Pawlenty on AI Data Centers, Energy & Infrastructure 00:16:51 Representative Mark Pocan (D-WI) on Wisconsin’s General Election & the Democratic Socialist Movement 00:20:31 Rep. Mark Pocan (D-WI) on Congress, Trump & the Midterm Message 00:25:01 Robert Malley, President Emeritus and Program Director for the Middle East and North Africa of the International Crisis Group, on the Strait of Hormuz, US Iran Conflict 00:27:50 Robert Malley on Diplomacy vs. Economic & Military Pressure on Iran 00:30:06 Robert Malley on Sanctions Relief & a Potential Iran Deal 00:32:02 Robert Malley on The Gulf States’ Role in Iran Negotiations 00:39:42 Political Panel Reacts: What Wisconsin’s Primary Says About Democrats, Trump’s Impact on Republican Candidates, Karoline Leavitt’s White House Departure -------- 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