i am joe mathieu alongside kailey leinz in washington.me to the monday edition of balance of power. this follows a call with mexico's president that resulted in a month long delay, if you believe all of this, on tariffs. kailey: mexico, in exchange for having tariffs delayed for a month, has agreed to send 10,000 groups to crack down on the flow of fentanyl and migrants of course is the root of what donald trump says these tariffs were being threatened for. canada still an open question as is china. 10% levees on all chinese goods set to go into effect at midnight tonight barring some kind of

kailey: you have to wonder how elon musk will be factoring into these

jackie: kailey leinz, thanks. and trading resumed on monday, playing catch-up to a global a.i.ell-off with trump's new tariffs. we're joined by peter to discuss. let's walk through what we know about trump's discussion nvidia c.e.o. jenson haung and what he signaled on chips so far? pete: the rules of the game are changing by the hours here. peter: many changes for the companies they deal with, nvidia, tsmc and the other companies seen moving the markets. tsmc is the most advanced chipmaker out there and takes them years and tens of millions of dollars to build the factories and their time frame of making decisions from a business standpoint is quite a bit different that be some of these policy changes. and they make most of their chips in taiwan and apple and for nvidia and shift them into the united states and other markets. with trump's tariffs, the idea they would move production within the united states, it's a bit of a different time frame. they are building a factory in the united states and will take time for them so we're seeing both the depression on the stock price c

kailey: welcome to "balance of power."ve on bloomberg television and radio where we have an important conversation straight ahead. treasury secretary scott bessent sitting down with an interview with my colleague soleil moseying, a conversation that will cover economic priorities of this administration. this hour, getting more on the role congress plays in achieving all of those objectives. like flood of nebraska will join me this hour as well as our political panel, rick davis and caitlin legacki today, discussing the path forward on budget reconciliation. a meeting at the white house taking place today. we begin as always with a check on the markets. charlie pellett has a look from new york. >> we have the dow lower, s&p, nasdaq both advancing ahead of our interview coming up in just a moment with u.s. treasury secretary. the dow is down 104, down .2%.

kailey: when the tariffs were going to go into effect, then pulledback, last week with had a threat ofhose were delayed for a month. so will the steel and aluminum tariffs actually have to come to fruition? it's also not clear how wide in scope this i

i'm joe mathieu alongside kailey leinz in washington.o the early edition of "balance of power." this is the start technically with a second trade war with china. just a question of how long it lasts. joe: maybe that depends on when president trump speaks with xi jinping. according to the press secretary, they are working on scheduling that. just unclear whether it will take place and whether the conversation can result in a pulling back of tariffs like we saw in the case of mexico and canada. donald trump today seems to be focused on

i am kailey leinz live in washington where we have our eye on the white house as president trump sits japanese prime minister. they are sent to hold a joint press conference shortly. donald trump extensive questions earlier so we will see how on time things are running. we will have more insight on it with the former u.s. ambassador to japan, rahm emanuel, this hour. we have to talk about the jobs report. we will get into it with a former economist at the labor department now with the heritage foundation. diana furchtgott-roth will be here, along with o

. >> christopher wray kailey leinz. >> edmund diddy was a fourth generation free man of color. he was raised in a wonderful musical environment of new orleans, and he was able to make his way to the paris conservatoire, uh, where he studied and began working in bordeaux. >> subheader some. better. >> somewhere. >> just the magnitude of the fact that this man, a free composer of color, born in new orleans in 1827, uh, wrote this opera. and there it was in two volumes, 550 pages, full orchestra in french, with a ballet and all this wonderful, uh, the history of it was was phenomenal. >> it is. >> beautiful. >> charming, witty. >> serious. >> present to. >> oliver darcy as as accomplished as he was, he was not really an odd or an outlier in new orleans. uh, many people don't know that new orleans had its first opera season in 1796, and it and we debuted over 200 operas there with free men of color. if somebody could do this in the middle of the 1900s with slavery was going on and all kinds of craziness that we we can do whatever we want to do and be whoever we want to be. >> come

the fed speak cannot offer any kailey already -- clarity about the future.. they cut interest rates and said we have no point of providing guidance. the only thing we can do is provide some comfort that we are doing what we can just in case it does happen. lisa: all of this has a drag on some level if it continues for long. of time -- for a long period of time. there is a feeling that it is a progrowth moment that if you have companies unable to make some types of investments that could get up in the crosshairs but do not, does that drag on sentiment? we are not there yet, but we see the s&p 500 not recover the same way that some of the other currency pairs did and that is telling. jonathan: the overall policy platform is progrowth. we have talked about this repeatedly. you want to see that confidence translate into investment decisions and into hiring decisions. in a few months from now i want to see job openings up and not down. i want to see decent payrolls growth and confident that unemployment is not moving in the wrong direction. you need to keep that