On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the primary results across the US Tuesday night. On today's show, Republican Congressman Bryan Steil of Wisconsin, Stonecourt Capital Partner Rick Davis, Rebelle Communications CEO Laura Fink and Arbroath Group Managing Partner Christopher Smart. Chapters 00:00:00 Balance of Power: Early Edition  00:01:23 Wisconsin Primary Results & Midterm Politics 00:01:59 Markets, Oil & AI Stocks 00:04:25 Trump Doubles Down on Strait of Hormuz Control 00:05:40 White House on Iran, Shipping & Escalation Risks 00:07:18 Inflation, Consumer Prices & Potential Tax Relief 00:09:19 Rep. Bryan Steil on Tax Relief & Wisconsin 00:10:50 Wisconsin Governor Race: Crowley vs. Tiffany 00:14:32 Congress, the CLARITY Act & Digital Assets 00:16:12 Congressional Stock Trading Ban 00:17:12 Air Force One Security & Reported Iran Threat 00:19:02 Markets Rally After Inflation Data 00:20:55 Prediction Markets Miss the Wisconsin Primary 00:22:11 Political Panel Breaks Down Primary Night 00:24:45 Francesca Hong’s Narrow Wisconsin Loss 00:26:06 Peggy Flanagan’s Minnesota Victory 00:27:25 South Carolina Runoff & Trump’s Endorsement 00:29:56 Anti-Incumbency & Generational Change 00:32:36 Markets, Bonds & Oil 00:34:30 CPI, Inflation & the Federal Reserve 00:35:18 Christopher Smart on Inflation & the Fed 00:38:11 Could the Strait of Hormuz Standoff Last? 00:40:02 The K-Shaped Economy & Midterm Politics 00:42:22 AI Investment, Data Centers & Bubble Risks 00:43:35 The U.S.-China AI Race 00:45:35 U.S.-Japan Intervention to Support the Yen -------- 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