Trump: Will Be Hitting Iran Hard, It’s Our Turn | Balance of Power 07/29/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Senator John Kennedy (R-LA) says maintaining sanctions and a blockade on Iran will be "painful" for Americans ahead of the midterms, but argues that sustaining the pressure for several more months may be the most effective way to move Tehran. Former Republican Senator Jeff Flake says the standoff over Todd Blanche’s attorney general nomination shows the limits of President Trump’s influence over the Senate.

Chapters:

00:01:43 Power Moves: Top Financial Moves
00:04:12 Bloomberg’s Michael McKee on Warsh Vows Fed ‘Will Not Hesitate To Act’ on Rates
00:05:34 Senator John Kennedy (R-LA) on Will the Fed Need To Hike Before Midterms?
00:08:01 Sen. John Kennedy (R-LA) on Fed Holds Rates Steady, 3 Officials Favoring Hike
00:12:18 Sen. John Kennedy (R-LA) on His Vote for Todd Blanche
00:14:09 Sen. John Kennedy (R-LA): In DC ‘There Is No Plan’
00:16:44 Chris Wright, US Energy Secretary: 13 M/BD of Oil Leaving Gulf Region Over Past Week
00:19:44 Bloomberg’s Ed Ludlow on Microsoft’s Cloud Sees Fastest Growth Since 2022, Meta Sinks 9% as Midpoint of 3Q Sales Outlook Misses Estimate
00:24:40 Bloomberg’s Kate Sullivan on Trump Says US Will Strike Iran Hard as War Escalates Again
00:28:32 Jeff Flake, Former Republican Senator, on Clock Ticks Down to Senate’s August Recess
00:31:45 Fmr. Sen. Jeff Flake on Russia, Iran Sanctions Bill Clears Key Hurdle in US Senate
00:36:44 Fmr. Sen. Jeff Flake on Should Turkey Have F-35s?
00:39:30 Political Panel Reacts: Cornyn Cancels Blanche Meeting Ahead of Pivotal Committee Vote, Trump Standoff With Thune on Voter Bill Risks GOP Agenda
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