Republican Mitch McConnell will step down as his party’s leader in the Senate after the November election. Here is instant reaction and analysis from the Bloomberg Balance of Power podcast, hosted by Joe Mathieu and Kailey Leinz.

Republican Mitch McConnell will step down as his party’s leader in the Senate after the November election. Here is instant reaction and analysis from the Bloomberg Balance of Power podcast, hosted by Joe Mathieu and Kailey Leinz.

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest on US politics, foreign relations, business, financial markets and global economics. The show is recorded at 5 AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Bloomberg Daybreak: US Edition

Listen for today's top stories, with context, in just 15 minutes. 

Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

Listen for today's top stories, with context, in just 15 minutes. Each morning, hosts Nathan Hager and Karen Moskow bring you the latest headlines on US politics, foreign relations, financial markets and global economics. The show is recorded at 5AM ET each weekday, so you get the freshest reporting on the stories that matter. Get informed from Bloomberg's 3,000 journalists and analysts. Listen and subscribe to Bloomberg Daybreak: US Edition.

BREAKING NEWS: Mitch McConnell Stepping Down

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cca1ec91-c3ac-438b-ac87-b124012c9562/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) The US and Iran extended their pause in hostilities, with the focus turning to talks between Tehran and Oman over restarting traffic in the Strait of Hormuz.
Omani and Iranian negotiators met in Tehran over the weekend and discussions are ongoing, according to people familiar with the situation, asking not to be identified referring to sensitive matters. A deal to get ships moving through the waterway more frequently would enable the Islamic Republic and the US to resume formal negotiations about Tehran’s nuclear program and permanently ending their five-month war, the people said.

2) A selloff in semiconductor stocks deepened as signs of progress in China’s advanced chipmaking compounded worries about the sustainability of the artificial intelligence spending boom.
US technology-heavy Nasdaq 100 futures fell 0.6%, while in Asia, a 7.5% slump put a Bloomberg gauge of semiconductor shares on course for its biggest decline since April 2025.

3) Taiwanese prosecutors detained an Nvidia Corp. employee as part of a probe into the alleged smuggling of AI chips into China, thrusting the US company into a high-profile case concerning the black market for its products.
Local investigators searched the home of the staffer and his desk at Nvidia’s Taipei office on July 24, according to people familiar with the matter. The courts later granted prosecutors’ request to detain the person on allegations of forgery and breach of trust, the people said, asking not to be named as the employee’s identity isn’t public.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran extended their pause in hostilities, with the focus turning to talks between Tehran and Oman over restarting traffic in the Strait of Hormuz. Omani and Iranian negotiators met in Tehran over the weekend and discussions are ongoing, according to people familiar with the situation, asking not to be identified referring to sensitive matters. A deal to get ships moving through the waterway more frequently would enable the Islamic Republic and the US to resume formal negotiations about Tehran&rsquo;s nuclear program and permanently ending their five-month war, the people said.
2) A selloff in semiconductor stocks deepened as signs of progress in China&rsquo;s advanced chipmaking compounded worries about the sustainability of the artificial intelligence spending boom. US technology-heavy Nasdaq 100 futures fell 0.6%, while in Asia, a 7.5% slump put a Bloomberg gauge of semiconductor shares on course for its biggest decline since April 2025.
3) Taiwanese prosecutors detained an Nvidia Corp. employee as part of a probe into the alleged smuggling of AI chips into China, thrusting the US company into a high-profile case concerning the black market for its products. Local investigators searched the home of the staffer and his desk at Nvidia&rsquo;s Taipei office on July 24, according to people familiar with the matter. The courts later granted prosecutors&rsquo; request to detain the person on allegations of forgery and breach of trust, the people said, asking not to be named as the employee&rsquo;s identity isn&rsquo;t public.

Trump Talks Up Iran Diplomacy; Chip Rout Deepens on China Competition

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/a3e33ad1-7843-461d-a1f5-b49500a1d186/transcript

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) The US and Iran held off attacks on one another for a third straight night, helping lift global stock and bond markets and push down oil prices. President Trump is giving diplomacy “some space,” according to Mike Waltz, Washington’s ambassador to the United Nations, after Trump threatened to step up attacks in Iran. Iran’s army says it has halted its retaliation against US bases and troops in the region as a result of Trump’s decision to hold off on strikes, but tensions between the warring sides remain high.

2) Three people were killed and at least five others injured in a shooting at a food festival near Seattle’s Space Needle landmark on Sunday. Seattle police are investigating and advised people to avoid the area, with one suspect taken into custody and another suspect remaining at large. The shooting happened during the Bite of Seattle festival, with police believing that two people were shooting at each other and asking witnesses to come forward with information.

3) Nvidia will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea. Nvidia is teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. It comes amid a Wall Street Journal report that the company is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project.

Today's top stories, with context, in just 15 minutes.
On today's podcast:
1) The US and Iran held off attacks on one another for a third straight night, helping lift global stock and bond markets and push down oil prices. President Trump is giving diplomacy &ldquo;some space,&rdquo; according to Mike Waltz, Washington&rsquo;s ambassador to the United Nations, after Trump threatened to step up attacks in Iran. Iran&rsquo;s army says it has halted its retaliation against US bases and troops in the region as a result of Trump&rsquo;s decision to hold off on strikes, but tensions between the warring sides remain high.
2) Three people were killed and at least five others injured in a shooting at a food festival near Seattle&rsquo;s Space Needle landmark on Sunday. Seattle police are investigating and advised people to avoid the area, with one suspect taken into custody and another suspect remaining at large. The shooting happened during the Bite of Seattle festival, with police believing that two people were shooting at each other and asking witnesses to come forward with information.
3) Nvidia will invest $1 billion in Naver Corp. to help finance an AI data center under construction in South Korea. Nvidia is teaming up with SK Group to build more than 2 gigawatts of AI data centers on the Korean Peninsula. It comes amid a Wall Street Journal report that the company is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data center project.

US & Iran Hold Fire For Now, Three Shot Dead In Seattle

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/f1fdb91c-3382-41d3-be15-b49400a0927d/transcript

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead.
In the UK – a look ahead to the next monetary policy decision from the Bank of England.
In Asia – a look ahead to the next monetary policy decision from the Bank of Japan.

 

Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
<ul>
<li>In the US &ndash; a look ahead to the next decision from the Federal Reserve and a preview of three tech stocks for the week ahead.</li>
<li>In the UK &ndash; a look ahead to the next monetary policy decision from the Bank of England.</li>
<li>In Asia &ndash; a look ahead to the next monetary policy decision from the Bank of Japan.</li>
</ul>
&nbsp;

Daybreak Weekend: US Tech, BOE Decision, BOJ Meeting

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7a450493-79fe-4f67-aa9d-b491013ab4ce/transcript

BREAKING NEWS: Mitch McConnell Stepping Down

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