On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the results from Tuesday's primary elections across the US. On today's show, political scientist Lara Brown, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former US Assistant Secretary of State for Near Eastern Affairs Barbara Leaf. Chapters 00:00:00 Balance of Power: Early Edition  00:01:58 Market Update: Stocks Near Record Highs 00:04:04 Confusion Over the Strait of Hormuz Deal 00:05:03 White House on Iran Negotiations 00:07:24 Trump's Nevada Speech Preview 00:10:10 Michigan Primary Results & Democratic Strategy 00:11:34 What Abdul El-Sayed's Victory Means 00:15:15 2026 Midterm Outlook 00:16:05 GOP Ethics Issues & Political Fallout 00:19:02 Market Update: SpaceX Drops After Earnings 00:20:49 Political Panel: Is the Democratic Party Moving Left? 00:28:53 Can Democrats Hold Michigan? 00:32:33 Market Update: AMD, SpaceX & Oil 00:36:17 Trump Optimistic on Iran Talks 00:37:09 Barbara Leaf on the Hormuz Agreement 00:39:16 Red Sea Risks & Houthi Threats 00:40:17 Is This Really Iran's Last Chance? 00:41:09 U.S. Military Readiness & Iran's Leverage 00:44:03 Why Diplomacy Must Take Over 00:45:04 Who Should Lead U.S. Negotiations? -------- 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