From Bloomberg Markets and Finance.

On the early edition of Balance of Power, Bloomberg’s Joe Mathieu and Michelle Jamrisko discuss the latest news from Washington. On today’s show, Democratic Congressman Brad Sherman of California, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School’s Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Republican Congressman Patrick McHenry.

Chapters:
00:01:36 – Business Flash
00:05:14 – Federal Layoffs will be in the thousands says Trump Budget Chief Russ Vought
00:07:54 – Trump Truth Social: Seems to be no reason to meet Xi
00:10:25 – Rep Sherman (D-CA): Shutdown Layoffs are an ‘act of vandalism”
00:19:02 – Markets react to layoffs and Trump’s threat of ‘massive increase’ of tariffs on Chinese goods
00:22:40 – Political Panel reacts to Trump slamming Xi over Rare-Earth Mineral Exports
00:32:05 – Only ‘Pain’ can bring policy makers to end the Shutdown | Patrick McHenry
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