US Hiring Slows Sharply | Balance of Power 7/2/2026

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On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the latest news. On today's show, Republican Congressman Jason Smith, Stonecourt Capital Partner Rick Davis, Beyond Politics Podcast Host Matt Robison and Democratic Congresswoman Suzan DelBene. Chapters 00:00:00 Balance of Power: Early Edition Open 00:00:36 June Jobs Report Misses Expectations 00:04:03 Breaking Down the June Jobs Report 00:05:00 Michael McKee on What the Fed Sees 00:06:35 Will the Fed Hold Rates Steady? 00:07:45 Consumer Confidence, Inflation & Gas Prices 00:09:20 House Ways & Means Chair Jason Smith Interview 00:10:15 One Big Beautiful Bill: One Year Later 00:12:10 Is Budget Reconciliation 3.0 Coming? 00:14:25 Social Security & Tax Reform Debate 00:16:00 USMCA Trade Agreement Review 00:17:15 AI, Government Investment & OpenAI Discussion 00:18:55 Market Update: Tech Selloff & Record Dow 00:21:00 America's 250th Birthday Celebration Preview 00:23:10 Political Panel: Patriotism, Politics & America turns 250 00:25:20 Fundraising Fight Over Freedom 250 00:27:55 Is America's Two-Party System Changing? 00:34:20 Campaign Finance Ruling & Midterm Fundraising 00:35:25 DCCC Chair Suzan DelBene on Democratic Strategy 00:38:10 Democratic Primaries & Swing Districts 00:44:15 AI Trade Rotation & Semiconductor Selloff 00:46:00 SpaceX, SK Hynix & Index Changes
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