Trump Eyes Iran Economic Squeeze | Radio Balance of Power: Early Edition 8/13/2026
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, former Republican Congressman Patrick McHenry, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and CIBC Private Wealth Senior Energy Trader Rebecca Babin.
Chapters
00:00:00 Balance of Power: Early Edition
00:00:55 Oil, PPI & the Fed Rate Outlook
00:02:14 Markets & S&P 500 Record High
00:03:54 U.S.-Iran Tensions & Strait of Hormuz
00:05:01 Treasury Auction Hits Highest Yield Since 2001
00:07:04 U.S. Weapons Stockpiles & Drone Production
00:07:36 Karoline Leavitt’s Departure from the White House
00:08:49 Patrick McHenry on Bonds, Debt & the Economy
00:11:51 CLARITY Act, Stablecoins & the Banking Industry
00:16:09 Capital Gains Tax Relief & Midterm Messaging
00:20:45 Data Centers Become a Midterm Election Issue
00:22:20 Political Panel on Data Centers & Utility Costs
00:24:17 Bipartisan Backlash Against Data Centers
00:27:07 Data Center Moratoriums & the 2026 Elections
00:27:57 “Bring Your Own Power” & Data Center Regulation
00:29:29 Power, Water & the Future of Data Centers
00:32:34 Bonds, Inflation & Another S&P 500 Record
00:34:34 What’s Driving the “Everything Rally”
00:36:42 AI, Stocks & the Goldilocks Market
00:38:53 Rebecca Babin on the Oil Market
00:40:55 Why Oil Traders Are Taking Profits
00:42:16 China’s Role in Global Oil Demand
00:43:46 Refinery Risks, Diesel & Fuel Prices
00:47:21 U.S. Military Presence in the Middle East
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