From Bloomberg Markets and Finance.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today’s show, Tiffany Wilding, PIMCO Managing Dir. & Economist, on the Federal Reserve pausing rates. Sen. Gary Peters (D-MI) on potential partial government shutdown latest & Alex Pretti investigation, and Rep. Mike Lawler (R-NY) on government shutdown possibility and NYC Mayor Mamdani pushing tax hikes on wealthy New Yorkers.

Chapters:
00:00:00 – Balance of Power: Late Edition Begins
00:01:56 – Ed Ludlow on Tesla to Invest $2B in Musk’s XAI, Microsoft Shares Sink After Reporting 2Q Earnings
00:05:42 – Michael McKee on Fed Votes 10-2 to Hold Benchmark Rate, Pres. Trump on Hassett, Who Could Be Next Fed Chair
00:10:04 – Power Moves: Top Financial Stories of the Day
00:12:22 – Kate Sullivan on Trump Warns Minneapolis Mayor is ‘Playing With Fire,’ Trump Talks ‘Trump Accounts’ for Kids
00:17:01 – Tiffany Wilding, PIMCO Managing Dir. & Economist, on Reaction to Fed Decision, Who Could Be Next Fed Chair
00:25:09 – Sen. Gary Peters (D-MI) Talks Latest on Potential Govt. Shutdown, Wanting DHS Reforms, Alex Pretti Investigation
00:35:25 – Wendy Sherman, Harvard Belfer Center Senior Fellow, on Reaction to Rubio Testifying Before Senate Committee
00:41:32 – Rep. Mike Lawler (R-NY) on If The Government Should Shutdown, NYC Mayor Mamdani Proposes Tax Hike on Wealthy NYers
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