Judge Blocks Subpoenas Against Fed Chair Powell | Balance of Show 03/13/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Mark Esper, former U.S. Secretary of Defense under the first Trump administration, says drones and sea mines remain the most complicated threats in the Strait of Hormuz and could delay US naval escort missions. Bob McNally, founder and president of Rapidan Energy Group, says oil markets could face weeks of disruption based on current conditions in the Strait. US Secretary of the Interior Doug Burgum says the Trump administration is taking steps to increase US energy production amid the war in Iran.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:42 – Josh Wingrove & Michael McKee on Judge Rejects Subpoenas of Fed Board in Powell Case, DOJ to Appeal Judge’s Decision on Fed Subpoenas
00:08:42 – Mark Esper, Fmr. Secretary of Defense Under Pres. Trump, on Drones & Mines Complicating Strait of Hormuz Escort Mission
00:18:17 – Bob McNally, Rapidan Energy Group Founder & President, Discusses Oil Disruption From Hormuz Could Last Weeks
00:25:13 – Political Panel React to Trump Administration’s Messaging on Iran
00:27:18 – Doug Burgum, US Secretary of the Interior, on the US Taking Steps to Increase US Energy Production
00:40:19 – Political Panel React to Judge Blocks Subpoenas Against Fed Chair Powell, DHS Shutdown
——–
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