The US Is Running Out of Weapons It Needs Most | Balance of Power 08/11/2026
Bloomberg Television"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Wendy Sherman, former US deputy secretary of state, weighs in on the hardening rhetoric between the US and Iran with a stark warning: "For the foreseeable future, if not forever, Iran will control the Strait of Hormuz." Representative Jennifer McClellan (D-VA) says she has yet to hear back from House Speaker Mike Johnson after calling for hearings with major AI executives, and acknowledges Democrats have limited ability in the minority to compel them to testify. US Air Force General (Ret.) Charles Wald pushes back on concerns that the US has depleted too much of its advanced weapons stockpile, saying the military remains in “pretty good shape” and can provide air cover over the Strait of Hormuz "indefinitely." Chapters: 00:02:03 Wendy Sherman, Former US Deputy Secretary of State, on Pakistan Says US, Iran Close to Deal Despite Trump Rhetoric 00:05:56 Wendy Sherman on U.S. Weapons Stockpiles & Military Readiness 00:08:31 Wendy Sherman on Can Economic Pressure Bring Iran to the Table? 00:11:07 Wendy Sherman on Russia, China & Iran Growing Closer 00:15:22 Power Moves: Top Financial Moves 00:18:11 Rep. Jennifer McClellan (D-VA) on Congress Demands Answers on Hugging Face Breach 00:20:28 Rep. Jennifer McClellan (D-VA) on Should Advanced AI Development Be Paused? 00:21:24 Rep. Jennifer McClellan (D-VA) on Data Centers, Energy Demand & Local Communities 00:24:31 Bloomberg’s Becca Wasser on America’s ‘Dangerously Low’ Munitions Stockpile 00:27:57 US Air Force General (Ret.) Charles Wald on U.S. Military Readiness 00:31:19 US Air Force General (Ret.) Charles Wald on Are Weapons Shortages Affecting US Strategy? 00:32:52 US Air Force General (Ret.) Charles Wald on Can the US Secure the Strait of Hormuz? 00:35:47 US Air Force General (Ret.) Charles Wald on Air Force One Decoy Flight & Security Concerns 00:39:37 Political Panel Reacts: Primary Election Night & Key Races, Air Force One Decoy Flight Debate -------- 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