Balance of Power

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, Joe speaks with: Bloomberg Intelligence Senior Commodities Strategist Mike McGlone. Bloomberg State Department Reporter Eric Martin. AEI Nonresident Senior Fellow Heather Conley. Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and ROKK Solutions Senior Vice President Lisa Camooso Miller. See omnystudio.com/listener for privacy information.

Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.White House National Economic Council Director Kevin Hassett is seen by advisers and allies of President Donald Trump as the frontrunner to be the next Federal Reserve chair, according to people familiar with the matter, as the search for a new central bank leader enters its final weeks.With Hassett, Trump would have a close ally whom the president knows well and trusts installed at the independent central bank, the people said, speaking on the condition of anonymity. Hassett is seen as someone who would bring the president’s approach to interest-rate cutting to the Fed, which Trump has long wanted to control, some of the people said.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 National Political Correspondent Nancy Cook. Foundation for American Innovation Senior Fellow Dean Ball. Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and S-3 Group Partner Ashley Davis. Stimson Center Senior Fellow Kelly Grieco. See omnystudio.com/listener for privacy information.

Chuck Fleischmann, a U.S. Representative from Tennessee, discusses the potential implications of government shutdowns and GOP appropriations strategies. Angela Stent, a Senior Fellow at the American Enterprise Institute, delves into the evolving Ukraine peace plan, the role of sanctions, and the challenges of securing reliable guarantees for Ukraine. Their insights highlight the complexities of international diplomacy and domestic politics, especially in light of recent U.S.-China interactions.

Dwayne Wright, a Senior Health Care Policy Analyst specializing in Obamacare, joins the discussion to unpack a proposed two-year extension of Obamacare subsidies. He dives into the implications for insurers and examines potential income limits and the intricacies of zero-premium options. Also on the table is the impending FDIC leverage ratio rule affecting major banks and a controversial executive order on artificial intelligence that may encounter legal hurdles. Wright's insights highlight the intersection of health policy and political dynamics.

Meghan O'Sullivan, a former Deputy National Security Advisor and director at Harvard's Belfer Center, discusses the implications of the upcoming meeting between Donald Trump and NYC Mayor-elect Zohran Mamdani. She doubts a comprehensive deal on Ukraine is feasible soon and stresses NATO's role. Edward Harrison from Bloomberg analyzes market reactions, explaining Bitcoin's impact on equities and the significance of upcoming holiday data for Fed rate cuts. The conversation underscores the intersection of national security and economic strategy.

Anna Wong, Chief U.S. economist at Bloomberg Economics, dives into the September jobs report, revealing mixed signals as job growth exceeded expectations but unemployment rose. She discusses how AI is transforming productivity and its potential to reduce hiring, particularly in construction and specialty trades. With insights on the labor market's fragility, Wong highlights the pressing need for rate cuts as permanent job losses mount and more Americans enter the workforce, creating a complex economic landscape.

Aaron David Miller, a seasoned U.S. foreign policy analyst, discusses the implications of Trump's designation of Saudi Arabia as a major non-NATO ally, noting the complexities of U.S.-Saudi relations. Anna Ashton, a former Defense analyst, delves into the risks of tech cooperation and potential chip leaks to China. Political strategists Rick Davis and Jeanne Shanzano examine the balancing act between national security and commerce in light of these developments, highlighting the broader geopolitical stakes of the Saudi relationship.

Jane Harman, former Democratic congresswoman, lends her expertise on national security and Middle East policy, highlighting the lack of human rights discussion during the Oval Office meeting with MBS. Denver Riggleman, ex-Republican congressman and AI entrepreneur, raises concerns about technology transfers and the implications of supplying advanced chips to Saudi Arabia. Both guests provide insights into the strategic balance of U.S. foreign policy, questioning the true benefits of the deal with Saudi Arabia and its effects on broader global dynamics.

Nathan Dean, a senior policy analyst at Bloomberg Intelligence, dives into pressing U.S. financial and regulatory topics. He forecasts the final leverage ratio rule, which may impact Tier 1 capital for major banks. Dean also discusses the slim chances of a crypto bill passing that could affect platforms like Coinbase. Additionally, he shares insights on a potential $12-13 billion aid package for farmers and updates on the National Defense Authorization Act. His analysis sheds light on the evolving political landscape affecting investors.

James Jeffrey, a former U.S. ambassador and expert on Middle East policy, discusses the stakes of the Saudi crown prince's visit and America's goals in stabilizing the region. Mike McGlone, a Bloomberg commodities strategist, analyzes the current trends in bitcoin and gold, debating their roles as safe-haven assets. The conversation also dives into Trump's surprising call for the release of the Epstein files, exploring political implications and potential impacts on his party's unity.