Trump Says Iran Talks Last Chance | Balance of Power: Early Edition 8/3/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Middle East. On today's show, Beacon Global Strategies Managing Director Michael Allen, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Hugging Face CEO Clement Delangue. Chapters 00:00:00 Balance of Power: Early Edition  00:02:00 Markets Rise as Oil Prices Fall 00:03:34 Trump Says He Canceled Major Iran Strike 00:05:16 White House on Iran Negotiations 00:10:00 Michael Allen on U.S. Strategy Toward Iran 00:14:53 Can an Israel-Hamas Deal Hold? 00:17:32 Russia & Iran Sanctions Bill 00:19:02 Market Update: Stocks Rally, Oil Slides 00:21:05 Todd Blanche Confirmation Back on Track 00:23:07 Political Panel on DOJ, Congress & Funding 00:27:28 Government Funding Fight Ahead 00:30:30 Sanctions, Congress & Election Politics 00:31:52 Hugging Face CEO on AI Cyberattack 00:37:08 Open vs. Closed AI Models 00:40:01 AI Regulation & Government Response 00:42:28 Why Open Models Matter 00:46:37 Should AI Cyberattacks Be Illegal? 00:49:37 Preventing the Next AI Security Incident 00:51:32 Trump Speaks as Iran Tensions Continue -------- 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