Trump: Will Be Hitting Iran Hard, It’s Our Turn | Balance of Power 07/29/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator John Kennedy (R-LA) says maintaining sanctions and a blockade on Iran will be "painful" for Americans ahead of the midterms, but argues that sustaining the pressure for several more months may be the most effective way to move Tehran. Former Republican Senator Jeff Flake says the standoff over Todd Blanche's attorney general nomination shows the limits of President Trump's influence over the Senate. Chapters: 00:01:43 Power Moves: Top Financial Moves 00:04:12 Bloomberg's Michael McKee on Warsh Vows Fed ‘Will Not Hesitate To Act’ on Rates 00:05:34 Senator John Kennedy (R-LA) on Will the Fed Need To Hike Before Midterms? 00:08:01 Sen. John Kennedy (R-LA) on Fed Holds Rates Steady, 3 Officials Favoring Hike 00:12:18 Sen. John Kennedy (R-LA) on His Vote for Todd Blanche 00:14:09 Sen. John Kennedy (R-LA): In DC ‘There Is No Plan’ 00:16:44 Chris Wright, US Energy Secretary: 13 M/BD of Oil Leaving Gulf Region Over Past Week 00:19:44 Bloomberg's Ed Ludlow on Microsoft’s Cloud Sees Fastest Growth Since 2022, Meta Sinks 9% as Midpoint of 3Q Sales Outlook Misses Estimate 00:24:40 Bloomberg's Kate Sullivan on Trump Says US Will Strike Iran Hard as War Escalates Again 00:28:32 Jeff Flake, Former Republican Senator, on Clock Ticks Down to Senate’s August Recess 00:31:45 Fmr. Sen. Jeff Flake on Russia, Iran Sanctions Bill Clears Key Hurdle in US Senate 00:36:44 Fmr. Sen. Jeff Flake on Should Turkey Have F-35s? 00:39:30 Political Panel Reacts: Cornyn Cancels Blanche Meeting Ahead of Pivotal Committee Vote, Trump Standoff With Thune on Voter Bill Risks GOP Agenda -------- 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