Trump, Xi Set to Meet in China Within Hours | Balance of Power 05/13/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Senator Richard Blumenthal (D-CT), says a New York Times report that Iran has regained access to most of its missile sites and launchers is "certainly no surprise" and is consistent with what he has heard from reliable sources. Senator Dave McCormick (R-PA) says his longtime friend Kevin Warsh is the right choice to lead the Federal Reserve, citing his reform mindset, market experience and view that AI will boost productivity and prove deflationary. Gary Locke, former US Ambassador to China & US Commerce Secretary under the Obama administration, explains why he believes President Trump’s trip to China will be "a trip of transactions."

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:02:04 – Tyler Kendall Breaks Down Event Expectation Of Trump-Xi Meeting in China Thursday
00:05:57 – Sen. Richard Blumenthal (D-CT) on Iran, Gas Prices, and Online Safety
00:15:31 – Power Moves: Top Financial Stories of the Day
00:19:19 – Michael McKee on Kevin Warsh Confirmed as Fed Chair in Senate Vote
00:22:13 – Sen. David McCormick (R-PA) on Kevin Warsh’s Confirmation, Warsh’s Reform Agenda, Gas Tax Holiday
00:31:20 – Gary Locke, Fmr. US Amb. to China & Fmr. US Commerce Sec., on US-China Summit to Be a Trip of Transactions
00:40:13 – Power Brief: Top Stories Following Tonight
00:41:47 – Political Panel React to State Redistricting Battle, Affordability Issue for Midterms, CEOs Joining Pres. Trump for China Summit, Taiwan
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