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

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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 
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