"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, JoAnne Feeney, Advisors Capital Management Portfolio Manager, discusses the reversal in the stock market today and whether it’s tariff uncertainty or a trade war between the US & China that’s affecting the markets. Representative Mike Levin (D) California, weighs in on how tariff uncertainty is impacting small businesses in his district, and where he sees the House cutting $1.5 trillion in spending cuts. Kelly Loeffler, Administrator of the Small Business Administration, discusses what she is currently hearing from small businesses over their concerns on tariffs.
Chapters:
00:00:00 – Balance of Power Begins
00:02:08 – Bloomberg’s Laura Davison on President Trump Cabinet Meeting, Trump Trade Negotiations With Various Countries, US China Relationship
00:03:38 – Bloomberg’s Enda Curran on the Economic Impact on the Trump Tariff Shift, CPI Data Reaction
00:05:32 – Bloomberg’s Scarlet Fu on Stock Market Down as Trade Anxiety Grips Wall Street, Trump Tariff Uncertainty Impacting Markets
00:08:15 – JoAnne Feeney, Advisors Capital Management Portfolio Manager, on Stock Market Reversal, If US-China Trade War Impact Markets or Uncertainty
00:15:17 – Rep. Mike Levin (D) California Reaction to 90-Day Pause, How Tariffs Impacting Small Businesses In District, House Passes Senate Budget Blueprint
00:23:49 – Bloomberg’s Ira Jersey on Bond Market Uneasiness, 10 & 30-Year Treasuries Sell Off
00:27:06 – Political Panel on What Path Forward Is After 90-Day Pause, Tariff Uncertainty, US-China Relationship
00:35:14 – Kelly Loeffler, Administrator of the Small Business Administration, on Concerns Small Businesses Have With Tariffs
00:44:13 – Washington Lookahead: PPI Data Due Tomorrow
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