Senate Passes ICE, CBP Funding | Balance of Power 6/5/2025

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump Administration. On today’s show, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, former Chief of Staff to Vice President Mike Pence Marc Short, Arbroath Group Managing Partner Christopher Smart and Navigator Research Managing Director Melissa Toufanian.

Chapters:
00:00:00 – Balance of Power: Early Edition 
00:00:15 – Traders Fully Price in Fed Rate Hike This Year
00:01:32 – NASDAQ 100 Sinks 3% as Fed-Hike Wagers Lift Yields
00:03:48 – US Hiring Surged in May, Boosting Bets on Fed Rate Hike
00:04:53 – Trump Heads to Wisconsin Ahead of Midterms
00:06:29 – Trump Urges Bill Pulte to Fire Intelligence Community Employees: WSJ
00:08:11 – Stocks, Bonds Fall as Jobs Fuel Fed-Hike Bets
00:09:30 – Senate Fails to Advice Spy Powers Tool Before Leaving DC
00:13:08 – Senate Passes $70b Immigration Bill
00:14:19 – Senate Passes GOP Reconciliation Bill
00:17:16 – House Passes Ukraine Aid, Russia Sanctions
00:19:15 – NASDAQ 100 Sinks 3% as Fed-Hike Wagers Lift Yields
00:21:37 – Stocks, Bonds Fall as Jobs Fuel Fed-Hike Bets
00:24:13 – Director of the National Economic Council Kevin Hassett on Jobs Report
00:25:04 – Arbroath Group Managing Partner and Founder Christopher Smart on Bloomberg
00:25:11 – US Hiring Surged in May, Boosting Bets on Fed Rate Hike
00:34:38 – Chicago Bears to Depart Illinois for Indiana After 100 Years
00:35:09 – Wall Street Sees SpaceX’s AI Revenue
00:39:56 – US-Iran Talks Stall After Hezbollah Rejects Truce
00:45:23 – Zelenskyy Proposes Peace Talks to Putin
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