Balance of Power

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.New York Governor Kathy Hochul said she’s a “staunch capitalist” opposed to higher taxes and would work to ensure New York remains attractive to businesses if democratic socialist Zohran Mamdani is elected mayor of New York City.  Businesses need to know “that the city of New York, as powerful and mighty as it is, is still a subdivision of the state, so any tax increase has to come across my desk first,” Hochul said Wednesday in an interview with Bloomberg TV.Mamdani, a member of the state assembly, has said he’ll push for an increase in the state’s corporate tax rate and a new tax on millionaires to pay for an ambitious policy agenda including free bus service and universal childcare.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: Siena University's Siena Research Institute Director Don Levy. Stonecourt Capital Partner Rick Davis and Democratic Governors Association External Affairs Director Ofirah Yheskel. Beacon Global Strategies Managing Director Michael Allen. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates.The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to the government’s preliminary benchmark revision out Tuesday. The final figures are due early next year.Before the report, the government’s payrolls data indicated employers added nearly 1.8 million total jobs in the year through March on a non-seasonally adjusted basis, or an average of 149,000 per month. The revision showed average monthly job growth was roughly half that.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: Bloomberg Washington Correspondent Tyler Kendall. Republican Senator Roger Marshall of Kansas. Carnegie Endowment for International Peace Senior Fellow Aaron David Miller. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.French Prime Minister Francois Bayrou lost a confidence motion in parliament, forcing a third change in government in just over a year and reviving uncertainty over how the country can tackle its mounting debt burden. Parties across the political spectrum in France’s lower house joined forces Monday to overwhelmingly issue the rebuke to Bayrou, who called the motion in a failed attempt to rally support for his unpopular budget reforms. Just 194 lawmakers voted in support of the prime minister and 364 voted against.   President Emmanuel Macron will accept Bayrou’s resignation on Tuesday and name a new premier in the coming days, according to a statement from the president’s office. The new government will still have to find a way to pass a budget, an exercise that has now toppled the last two prime ministers.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: Bloomberg Europe Correspondent Oliver Crook. George Washington University French Studies Professor Kathryn Kleppinger. Bloomberg Radio DayBreak Europe Host Stephen Carroll. Democratic Congressman Mark Takano of California. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. See omnystudio.com/listener for privacy information.

The Bloomberg Intelligence Financial Washington Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C.    The call is open to all and is held every Monday at 10:00 a.m. EST.    You can register for the call here: https://bloomberg.zoom.us/webinar/register/WN__PqCkwY-S2m3hbQqvVC1_Q#/registrationSee omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Disappointing employment data released Friday validated fears that the US labor market may be on the brink of a downturn and lifted expectations for how much the Federal Reserve will lower interest rates this year.Investors are now fully pricing in a quarter-point rate cut at the Fed’s Sept. 16-17 policy gathering. They also pushed closer to anticipating a total of three rate cuts this year, according to futures contracts. Some Fed watchers said the weak jobs data could spur officials to consider a larger-than-typical half-point this month, though inflation data due next week could temper those expectations.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: Bloomberg Economics Chief US Economist Anna Wong. House Ways and Means Committee Chairman Jason Smith (R-MO). Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Bloomberg International Economics and Policy Correspondent Michael McKee and Chicago Fed President Austan Goolsbee. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Kriti Gupta is in for Kailey. Joe and Kriti speak with: Bloomberg International Policy and Economics Correspondent Michael McKee. New Century Advisors Chief Economist Claudia Sahm. Bloomberg Health Reporter Jessica Nix. Chair and Professor at Rutgers University's Department of Urban-Global Public Health Leslie Kantor. Circa Sports CEO Derek Stevens.  See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Donald Trump took aim at Chinese leader Xi Jinping as he hosted foreign leaders at a major military parade in Beijing, a reminder of the lingering tensions between the two sides over trade, tech and other issues.“Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America,” Trump said on his Truth Social site, referring to the leaders of Russia and North Korea, without elaborating.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Laura Davison, Bloomberg Washington Deputy Bureau Chief and Nick Wadhams, Bloomberg National Security Team Lead Jane Harman, Chair of the National Defense Strategy Commission/Former-Ranking Member of House Intelligence Committee Rick Davis, Partner at Stonecourt Capital and Bloomberg Politics Contributor & Jeanne Sheehan Zaino, Democracy Visiting Fellow at Harvard Kennedy School's Ash Center and Bloomberg Politics Contributor See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.President Xi Jinping used a mix of bonhomie and economic allure this week to send Donald Trump a clear message: Beijing has too much global clout to be dictated by the US.Cameras captured the Chinese leader in a rare, unscripted huddle on Monday with Vladimir Putin and Narendra Modi — his most powerful partners in resisting America on the world stage — at a summit in the Chinese port city of Tianjin. At one point, Xi held the hand of his Indian counterpart, as the three men laughed casually, a striking scene given just months earlier New Delhi and Beijing were seen as rivals.The images were a victory for Xi’s decade-long political project to build an alternative to the US-led world order. Hours after the trio gathered at the Shanghai Cooperation Organization event, Beijing signed a major gas pipeline deal with Moscow — rebuking Trump’s efforts to use tariffs to prise India and China away from Russian energy purchases.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific Adam Farrar. Bloomberg Markets Live Managing Editor Kristine Aquino. Bloomberg Politics Contributors Rick Davis and Jeanne Sheehan Zaino. Former Republican Congressman and former Acting White House Chief of Staff Mick Mulvaney. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintentional “clerical error” may have been behind the mortgage dispute over which President Donald Trump wants her fired. Cook sued Thursday to block Trump’s “illegal attempt,” saying he’s using a phony pretext that doesn’t amount to sufficient “cause” to remove her from the US central bank. In court papers, her lawyers laid out for the first time a potential defense to allegations that she fraudulently listed homes in Michigan and Georgia as a “primary residence” when she obtained mortgages in 2021.On this edition, Joe speaks with: Bloomberg Washington Correspondent Tyler Kendall. Bloomberg International Economic and Policy Correspondent Michael McKee. Yale Budget Lab Co-Founder and President Natasha Sarin. Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and Stonecourt Capital Partner Rick Davis. Former Republican Congressman and Bloomberg Contributor Patrick McHenry. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.White House trade adviser Peter Navarro cranked up pressure on India to halt its purchases of Russian oil, repeating accusations that New Delhi is funding the Kremlin’s campaign in Ukraine and casting the conflict as “Modi’s war”.Speaking immediately after the Trump administration doubled tariffs on India to 50% — an effort to secure concessions on trade, while also pressuring Russia — Navarro reiterated that Prime Minister Narendra Modi was funding “the war machine.”“I mean Modi’s war, because the road to peace runs, in part, through New Delhi,” Navarro said Wednesday on Bloomberg Television’s Balance of Power.Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe speaks with: Bloomberg Senior White House and National Security Editor Michelle Jamrisko. Bloomberg Washington Correspondent Tyler Kendall. Bloomberg International Economic and Policy Correspondent Michael McKee. Former US Deputy Attorney General Donald Ayer. Harvard Kennedy School's Ash Center Democracy Visiting Fellow Jeanne Sheehan Zaino and former RNC Communications Director Lisa Camooso Miller. See omnystudio.com/listener for privacy information.