US, Iran Trade Airstrikes | Balance of Power 7/9/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu discusses the latest from the Trump Administration. On today’s show, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Vice President of the Defense & Security Department at the Center for Strategic and International Studies Emily Harding.

Chapters
00:00:00 Balance of Power: Early Edition
00:00:50 Market Update: Chip Stocks Rally While Oil Pulls Back
00:02:25 U.S. and Iran Exchange New Strikes
00:04:20 Is the Iran Ceasefire Really Over?
00:06:20 Strait of Hormuz Shipping Disruptions
00:07:45 Graham Platner Suspends Senate Campaign
00:09:20 What Happens Next in Maine’s Senate Race?
00:13:55 Political Fallout from the Platner Controversy
00:18:55 Market Update: Semiconductors Lead the Rally
00:21:20 Tech Stocks Rebound Despite Geopolitical Risks
00:24:15 Micron Surges on AI Investment Plans
00:26:40 Markets Shift Focus to Earnings Season
00:27:15 CSIS on the U.S.-Iran Conflict
00:29:20 Are the U.S. and Iran Still Negotiating?
00:32:05 How the Pentagon Planned for a Strait of Hormuz Crisis
00:34:15 Military Success vs. Strategic Objectives in Iran
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