On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest from the Trump Administration. On today's show, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino, former Chief of Staff to Vice President Mike Pence Marc Short, Arbroath Group Managing Partner Christopher Smart and Navigator Research Managing Director Melissa Toufanian. Chapters: 00:00:00 - Balance of Power: Early Edition  00:00:15 - Traders Fully Price in Fed Rate Hike This Year 00:01:32 - NASDAQ 100 Sinks 3% as Fed-Hike Wagers Lift Yields 00:03:48 - US Hiring Surged in May, Boosting Bets on Fed Rate Hike 00:04:53 - Trump Heads to Wisconsin Ahead of Midterms 00:06:29 - Trump Urges Bill Pulte to Fire Intelligence Community Employees: WSJ 00:08:11 - Stocks, Bonds Fall as Jobs Fuel Fed-Hike Bets 00:09:30 - Senate Fails to Advice Spy Powers Tool Before Leaving DC 00:13:08 - Senate Passes $70b Immigration Bill 00:14:19 - Senate Passes GOP Reconciliation Bill 00:17:16 - House Passes Ukraine Aid, Russia Sanctions 00:19:15 - NASDAQ 100 Sinks 3% as Fed-Hike Wagers Lift Yields 00:21:37 - Stocks, Bonds Fall as Jobs Fuel Fed-Hike Bets 00:24:13 - Director of the National Economic Council Kevin Hassett on Jobs Report 00:25:04 - Arbroath Group Managing Partner and Founder Christopher Smart on Bloomberg 00:25:11 - US Hiring Surged in May, Boosting Bets on Fed Rate Hike 00:34:38 - Chicago Bears to Depart Illinois for Indiana After 100 Years 00:35:09 - Wall Street Sees SpaceX’s AI Revenue 00:39:56 - US-Iran Talks Stall After Hezbollah Rejects Truce 00:45:23 - Zelenskyy Proposes Peace Talks to Putin -------- 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