"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, shares his thoughts on the House passing the Stablecoin Bill. Port of Los Angeles Executive Director, Gene Seroka, discusses what he is learning from the behavior of importers as the Trump tariff deadline is only a few weeks away. Rep. Debbie Dingell (D) Michigan voices her concerns over the Rescissions package and states its passing will create some “serious harm.”
Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:25 – Erik Wasson on House Passes Stablecoin Bill, Senate Sends Rescissions Package Back to the House to Potentially Sign By Friday
00:03:45 – Joseph Lavorgna, Counselor to Treasury Secretary Scott Bessent, on Stablecoin Bill Passing, Fed. Reserve & Interest Rates
00:13:16 – Romaine Bostick on Retail Sales Report, Stocks Hit Record on Signs Economy Remains Strong, Netflix Earnings
00:15:52 – Gene Seroka, Executive Dir. of Port of LA, on Import Behaviors Ahead of Tariff Deadline, Trade Flows, Shift in Demand for US Goods
00:24:53 – Michael McKee on Fed. Chair Powell Responding to Renovations, Fed’s Attempt to Diffuse Trump Tensions, Mary Daly on Rate Cuts
00:29:05 – Rep. Debbie Dingell (D-MI) on Rescissions Package Effect on Appropriations, Voting No on Crypto Legislation, How Tariffs Effecting Constituents
00:37:48 – Bloomberg’s Power Brief: Top Stories Watching Tonight
00:39:28 – Political Panel Reaction to White House Addressing Pres. Trump’s Health, Rescissions Package Latest, Stablecoin Passes, Epstein Files
——–
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
