Trump Faces Iran War Conundrum | Balance of Power 7/30/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from DC. On today's show, former Democratic Congresswoman Jane Harman, Maywood Strategies Principal Doug Farrar, Jersey 1st Founder Rosemary Becchi and former Republican Congressman Patrick McHenry. Chapters 00:00:00 Balance of Power: Early Edition  00:02:06 Markets Rally Despite Geopolitical Risks 00:04:11 Todd Blanche Confirmation Stalls 00:06:05 Jersey Mike's IPO Debut 00:10:10 White House Strategy on Todd Blanche 00:12:18 Iran Conflict & U.S. Response Options 00:13:45 Jane Harman on the Expanding Middle East War 00:18:40 Senate War Powers Vote & Political Fallout 00:21:38 Market Update: Chip Stocks Lead Rally 00:23:18 Jersey Mike's IPO & Market Movers 00:24:45 Elon Musk's $120M Midterm Push 00:29:54 Voter Confidence & Election Trust 00:31:44 Michigan Democratic Senate Primary 00:36:05 Market Update: Microsoft Leads Tech Rally 00:38:40 AI Spending, Big Tech & Earnings Preview 00:42:42 Patrick McHenry on AI, Crypto & Washington 00:46:26 Crypto Regulation & the Clarity Act 00:49:05 Todd Blanche Nomination Outlook -------- 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