RNC Day 1 Kicks off in Dallas

"Balance of Power" focuses on the intersection of politics and global business. On today's show, Sec. Chris Wright, US Secretary of Energy, says he expects gasoline prices to fall in the coming weeks and says Ukrainian attacks on Russian refineries are the “single biggest problem” for diesel. Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, says more than $20 billion identified by the Treasury Department in suspected health care fraud and money laundering could double the life of the Medicare trust fund. Elaine Agather, Global Vice Chair of JPMorgan Private Bank and Chairman of the Dallas Region for JPMorgan Chase & Co, says more Texas Stock Exchange announcements are expected next week. Ron Kirk, former US Trade Representative and former Dallas mayor, says tariffs amount to taxes on American businesses and families and warns small businesses and manufacturers will bear the cost of the trade fight. Chapters: 00:00:49 Chris Wright, US Energy Secretary, on Oil and Gas Prices 00:03:10 Chris Wright on Iran Conflict and the Strait of Hormuz 00:05:43 Chris Wright on US-Canada Trade and Energy Relations 00:07:25 Chris Wright on Venezuela Oil Investment and Production 00:10:27 Power Moves: Top Financial Moves 00:14:06 Dr. Mehmet Oz, Administrator of the Centers for Medicare & Medicaid Services, on Health Care and Drug Prices 00:16:17 Dr. Mehmet Oz on Medicare, Medicaid and GLP-1 Coverage 00:18:52 Dr. Mehmet Oz on Medicare Solvency, Fraud and Health Care Technology 00:24:27 Bloomberg's Joe Lovinger Inside the Republican Midterm Convention 00:27:00 Elaine Agather, Global Vice Chair of JPMorgan Private Bank and Chairman of the Dallas Region for JPMorgan Chase & Co, on Why Dallas Became a Major Financial Center 00:28:50 Elaine Agather on “Y’all Street” and Texas’ Competition With Wall Street 00:31:07 Elaine Agather on Data Center Growth and Investor Concerns 00:38:45 Ron Kirk, Former US Trade Representative and Former Dallas Mayor, on the US-Canada Trade War 00:43:35 Ron Kirk on Data Centers, AI and Local Economic Growth 00:45:22 Ron Kirk on the Republican Midterm Convention in Texas -------- 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