Trump Faces Iran War Conundrum | Balance of Power 7/30/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news from DC. On today’s show, former Democratic Congresswoman Jane Harman, Maywood Strategies Principal Doug Farrar, Jersey 1st Founder Rosemary Becchi and former Republican Congressman Patrick McHenry.

Chapters
00:00:00 Balance of Power: Early Edition 
00:02:06 Markets Rally Despite Geopolitical Risks
00:04:11 Todd Blanche Confirmation Stalls
00:06:05 Jersey Mike’s IPO Debut
00:10:10 White House Strategy on Todd Blanche
00:12:18 Iran Conflict & U.S. Response Options
00:13:45 Jane Harman on the Expanding Middle East War
00:18:40 Senate War Powers Vote & Political Fallout
00:21:38 Market Update: Chip Stocks Lead Rally
00:23:18 Jersey Mike’s IPO & Market Movers
00:24:45 Elon Musk’s $120M Midterm Push
00:29:54 Voter Confidence & Election Trust
00:31:44 Michigan Democratic Senate Primary
00:36:05 Market Update: Microsoft Leads Tech Rally
00:38:40 AI Spending, Big Tech & Earnings Preview
00:42:42 Patrick McHenry on AI, Crypto & Washington
00:46:26 Crypto Regulation & the Clarity Act
00:49:05 Todd Blanche Nomination Outlook
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