US Awaits Iranian Response as Clashes Raise Tensions | Balance of Power 05/08/2026

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, David Hale, former US Ambassador to Lebanon and Pakistan & current Wilson Center Distinguished Fellow, shares his insight on how receptive he feels Iran is towards US asks amid renewed clashes in Hormuz. Rep. Jennifer McClellan (D-VA) voices her frustration with Virginia’s Supreme Court striking down the state’s new redistricting map.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:20 – Adam Farrar on US Awaits Iranian Response Amid Hormuz Clashes
00:05:00 – David Hale, Wilson Center Distinguished Fellow, Shares His Insight on How Receptive He Feels Iran is Towards US Asks
00:12:39 – Michael McKee on US Jobs Rise 115K in Strongest 2-Month Gain Since 2024
00:17:53 – Rep. Jennifer McClellan (D-VA) on Virginia Top Court Blocks Dems’ New Congressional Map, Redistricting Battle Ahead of Midterms
00:24:35 – Michael Shepard on US Preps AI Security Order That Omits Mandatory Tests
00:27:44 – National Economic Council Director, Kevin Hasset, Speaks on April Jobs Number
00:30:37 – Martha Gimbel, Yale Budget Lab Executive Dir. & Co-Founder, Talks Importance of Strong Jobs Numbers in March & April
00:36:43 – Power Brief: Top Stories Watching Tonight
00:38:46 – Political Panel React to Pres. Trump Plans to Fire FDA’s Makary, Redistricting Battle Ahead of Midterms, Pentagon to Release Declassified UFO Files
——–
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts