Trump Warns Iran as Truce Sought | Balance of Power 7/20/2026

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, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, United Nations General Assembly President Annalena Baerbock and Republican Congressman Mike Flood of Nebraska.

Chapters
00:00:00 Balance of Power: Early Edition 
00:02:00 Market Update: Oil, Chip Stocks & Media Merger
00:04:20 Paramount-Warner Bros. Merger Put on Hold
00:04:45 U.S.-Iran Conflict Claims More American Lives
00:08:00 Can the White House Bring Down Gas Prices?
00:10:40 Political Panel on the Escalating Iran War
00:15:45 U.K. Political Shake-Up & New Prime Minister
00:17:00 Pentagon Budget Faces Capitol Hill Scrutiny
00:20:00 Paramount-Warner Deal Faces Legal Battle
00:24:40 Netanyahu, the U.N. & Global Diplomacy
00:25:30 U.N. Leadership Race & Reform Agenda
00:31:10 U.N. Funding Crisis & Calls for Reform
00:35:30 Congress Returns for High-Stakes Week
00:39:40 Government Funding & Reconciliation 3.0
00:43:40 Rep. Mike Flood on Spending & Defense
00:47:50 Farm Aid, Trade & Rural Economy
00:49:00 Iran War, National Security & Town Halls
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