Trump Says He Will make 'Final Determination' on Iran | Balance of Power: Early Edition 5/29/2026

On the early edition of Balance of Power,  Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss President Trump's signal that he will make decision whether to extend the fragile ceasefire with Iran for another 60 days. On today's show, former US Congresswoman from California Jane Harman, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, President and CEO of Republican Main Street Partnership Sarah Chamberlain, and Hermeus president Zach Shore. In addition, Governor of the Bank of England Andrew Bailey in conversation with Bloomberg's Stephanie Flanders from the Reykjavík Economic Conference. Chapters: 00:00:00 - Balance of Power: Early Edition 00:02:28 - Stocks Hit Records High After US-Iran Deal Reports 00:04:24 - Trump Says 'Final Determination' on Iran Is Coming 00:07:52 - Oil Slides as Trades Bet on US-Iran Truce Renewal 00:11:57 - Congress to Take Up War Powers Resolution Again After Recess 00:14:35 - Bank of England's Bailey on Bloomberg 00:16:24 - Bailey: Uk Banks Don't Have Access to Mythos 00:19:45 - Bailey: Glasswing Phase 2 Hasn't Happened Yet 00:20:42 - Bailey: Must Have International Approach to Cyber Risk 00:23:13 - Bailey: There Are Signs of Strains in Private Credit 00:25:49 - Bailey: Stablecoin Issuance Limits Certainly an Option 00:28:04 - Trump Says 'Final Determination' on Iran Is Coming 00:29:23 - Congress to Take Up War Powers Resolution Again After Recess 00:31:08 - Republicans Grapple with Impact of War, Inflation Ahead of Midterms 00:32:02 - Trump Says He Doesn't Care About Midterms in Iran Negotiations 00:36:09 - Stocks Hit Records High After US-Iran Deal Reports 00:37:47 - Pentagon Floats Increased Defense Budget 00:39:56 - Pentagon Spending Quagmire Threatens to Ensnare US Lawmakers 00:43:08 - Hermeus Archives Its First Unmanned Supersonic Flight -------- 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