“Balance of Power” focuses on the intersection of politics and global business. On today’s show, Senator Tina Smith (D-MN) says she’s “very open” to the idea of a diesel export ban gaining traction in Washington, while cautioning it would be a short-term fix to a longer-term problem as the war with Iran keeps energy costs elevated. American Petroleum Institute President and CEO Mike Sommers warns that restricting US diesel exports could force refiners to cut production, potentially lowering diesel prices temporarily while driving up the cost of gasoline and jet fuel. Senator Elissa Slotkin (D-MI), who has introduced bipartisan legislation aimed at keeping Chinese connected vehicles out of the US market, warns President Trump against reaching an agreement with Chinese President Xi Jinping that would give Chinese automakers greater access to the country.
Chapters:
00:01:37 Bloomberg’s Stephen Engle on Xi Jinping Arrives for Washington Summit
00:05:02 Bloomberg’s Tony Capaccio on China Holds Sensitive F-35 Fighter Jet Parts
00:07:19 Sen. Tina Smith (D-MN) on China, Diesel Prices and Farmers
00:13:24 Sen. Tina Smith (D-MN) on Concerns Over Nvidia, AI and China
00:15:00 Sen. Tina Smith (D-MN) on Treasury Yields Surge to Multi-Decade Highs
00:16:33 Power Moves: Top Financial Moves
00:19:58 Bloomberg’s Nia-Malika Henderson on Midterm Battle for Control of the Senate
00:24:43 American Petroleum Institute CEO Mike Sommers on Diesel Prices and Export Ban
00:29:23 Mike Sommers on Infrastructure Constraints and Energy Prices
00:32:27 Mike Sommers on Prospects for Permitting Reform
00:35:08 Bloomberg’s Nick Wadhams on US-Iran Talks Show Little Sign of Breakthrough
00:38:40 Sen. Elissa Slotkin (D-MI) on China and F-35 Security Concerns
00:41:03 Sen. Elissa Slotkin (D-MI) Warns About Chinese Cars and Surveillance
00:44:13 Sen. Elissa Slotkin (D-MI) on Nvidia Chips and US-China AI Competition
00:46:08 Sen. Elissa Slotkin (D-MI) on AI Risks and Regulation
——–
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
