Trump Says Iran Talks Last Chance | Balance of Power: Early Edition 8/3/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Middle East. On today’s show, Beacon Global Strategies Managing Director Michael Allen, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Hugging Face CEO Clement Delangue.

Chapters
00:00:00 Balance of Power: Early Edition 
00:02:00 Markets Rise as Oil Prices Fall
00:03:34 Trump Says He Canceled Major Iran Strike
00:05:16 White House on Iran Negotiations
00:10:00 Michael Allen on U.S. Strategy Toward Iran
00:14:53 Can an Israel-Hamas Deal Hold?
00:17:32 Russia & Iran Sanctions Bill
00:19:02 Market Update: Stocks Rally, Oil Slides
00:21:05 Todd Blanche Confirmation Back on Track
00:23:07 Political Panel on DOJ, Congress & Funding
00:27:28 Government Funding Fight Ahead
00:30:30 Sanctions, Congress & Election Politics
00:31:52 Hugging Face CEO on AI Cyberattack
00:37:08 Open vs. Closed AI Models
00:40:01 AI Regulation & Government Response
00:42:28 Why Open Models Matter
00:46:37 Should AI Cyberattacks Be Illegal?
00:49:37 Preventing the Next AI Security Incident
00:51:32 Trump Speaks as Iran Tensions Continue
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