kailey leinz joins us from d.c. to discuss. what do we know? iley: important to note that this is not necessarily a final opinion from the court. bloomberg law colleagues saw this got posted on the website when the issue two other separate opinions earlier this morning. in what was seen, which appears to be a draft, the court is poised to allow emergency abortions in idaho. for backgrounds on this case, it was one of the states where after the dobbs decision where roe v. wade was overturned, they had a trigger law with a near total abortion band go into effect with you exceptions. the federal government sued idaho over that and over hospitals that receive medicare funding to offer necessary stabilizing treatment to pregnant women in emergencies, which of course could be inclusion -- inclusive of abortion. but we have seen on the website suggests that the court has ruled in favor of the federal government question, poised to allow emergency abortions in the state of idaho. this could be very consequential if we get a firm court opinion on this. w

joining us is the bloomberg balance of power cohost kailey leinz.tial ramifications. >> they could be significant for agencies like the security and exchange and the epa. this was established in 1984 and essentially gave the power of agencies like this the ability to interpret laws that are vague. some of the legislation that comes out of congress can be vague, and they would use their in-house experts to interpret the law and apply it accordingly. the court overturning this takes the power away from the regulators which means that much more this will have to be litigated in court and ultimately decided by the court rather than the agencies. about things that the epa has put out, including autoignition standards.that could be challenge the way that the security and exchange commission interprets security law. it's almost 100 years old and has. this is the second day in a row that we've seen a blow to regulators. the court also ruled yesterday against the sec's in-house judges which will limit not only the sec but other agencies and how they try frau

we will bring in annmarie hordern in italy and kailey leinz in d.c. we know the roundtable had begun and we have a lot of folks, high-level executives sitting in on that roundtable. what is the message from former president trump to them? kailey: the roundtable has ended and donald trump motorcade has left in washington, d.c. and moved on to the senate building in which he will be meeting with senate leaders and other republican members of the senate after meeting with house republicans this morning. two of the ceos in this room like jamie dimon and citibank and others including tim cook of apple were expected to be here it was likely to be a pro-business message. donald trump got to deliver that in person unlike joe biden who's at the g7 in italy so his chief of staff had to plead the embedment to case earlier. donald trump is been talk about a pro-business, lower texas kind of effort he would like to see done if he wins another term in the oval office. a number of lawmakers in the house i spoke with coming out of their meeting with trump outlined ide

i am joe mathieu mi5 kailey leinz in washington. ent's hearing intense criticism and, in some cases, calls to drop out of the race, calls coming from inside the house. kailey: members of both the democrat and republican party who, in the aftermath of the debate, are questioning joe biden's ability to carry on at the democratic nominee. keep in mind, this debate so early in june, before donald trump or joe biden nadia: in

i want to bring in kailey leinz. i saw the headline cross and i have just read the intro and i am trying to understand the mechanics and bigger picture. explain it to me. kailey: technically this is a win for the white house. it leaves the door open for them to communicate freely about content that they see as misinformation that could be harmful to the public. this started with questions amount -- around activity with social media companies and trying to control information related to the covid-19 election -- covid 19 pandemic. they said that they overstepped the bounds for the right to free speech. in this ruling the majority of the opinion written by amy coney barrett does not talk about the merits of the case. it is about standing. they argue that the plaintiffs which included two states and a handful of residents did not have the standing to be bringing the case because they could not demonstrate that they were directly injured by the defendants which in this case is the biden administration. this is similar to t

we now want to go to kailey leinz who has been standing by in washington. the impact of this? iley: could be significant. hunter biden found guilty of all three counts with which he was charged. this is the first time in history a child of a sitting president has been convicted in federal court. this stems from his purchase of a gun in 2018 when he was addicted according to prosecutors to crack cocaine and the jury has agreed with the prosecution, finding him guilty of these three crimes which you will be sentenced for in a number of weeks, potentially carrying a maximum sentence of 25 years in. it is unlikely that will be given for a first-time offender. this has massive personal and political implications for the incumbent president. this is the son of joe biden we're talking about, could potentially bring political ramification to him as well in addition to a great deal of personal difficulty. we have heard from president biden friend days ago he would not intervene and pardon his son if he was found guilty as he has been today. there could potentially be some political upsi

ed: kailey leinz joins us with more from the sea i want to redo the headline of the most read story on bloomberg. biden's disastrous debate accelerates doubts over the candidacy. let's start with how poorly biden is perceived to have performed relative to trump in that debate. kailey: incredibly poorly. lawmakers, political strategists, saying that this morning joe biden, and 81 years old, showed he is an octogenarian president. the white house has said he was battling a cold when his voice was raspy. at one point, he said that he beat medicare, not adequately articulating his own policy, which gave trump opportunities to attack. donald trump seemed more energetic, focused, uncharacteristically so. working within the format of this debate, which was mics cut off, lack of a live studio audience, things that were thought to help biden more. they actually turned out to be advantageous to donald trump. that said, donald trump lied repeatedly on things like statistics, like the lowest black unemployment rate. that happened during the biden administration. he said that tariffs would not caus

kailey leinz joins us from d.c. and perhaps explain what the town is like in d.c. d what people are watching for next regarding this case. kailey: we can't underscore the consequence of this. its historic nature because this is the first time the child of a sitting president has been found tilting in federal court. three charges he was charged with in relation to his purchasing of a gun when he was addicted to crack cocaine, each of them could carry a sentence combined a 25 years been no sentencing date has been said. he is a first-time offender but could be facing prison time here and that speaks to the red poser and political experts weigh in. he says i am the president but i'm also a dad. jill and i love our son and we are proud of the man he is today. as i said last week, i will except the outcome of this case and will respect the judicial process as hunter considers an appeal. he said we will always be there for him with their love and support. emphasizing his support for his son but his respect for the judicial system. this was a case brought by a special coun

i'm joe mathieu alongside kailey leinz in washington. ald trump finds himself competing with the freedom caucus here in virginia. kailey: bob good is facing a primary from john wyer, backed not only by donald trump, but also the former speaker, kevin mccarthy, because of course he was one of the eight house republicans that voted to oust mccarthy last year and it is noting that main street are behind mcguire, seems a lot of focus in that you -- forces in the gop going against them. joe: is this the mainstreaming of john -- donald trump or just

i am joe mathieu alongside kailey leinz. live in washington here on "balance of power." ngible outcomes, the decision among g7 countries to use $50 billion in frozen russian assets to fund ukraine and security pact that the u.s. and ukraine and the presidents of those, countries signed. we had a lot in regard to ukraine. we know there were other topics of conversation. joe:

i'm joe mathieu alongside kailey leinz in washington. the stakes could not be higher for these two. rst time we see a current and former president for beating each other, both at 78 and 81 years old, all going down eight hours from now, beginning at 9:00 p.m. eastern time with rules that are unique to this debate. no live audience, mics cut off when your time is up. joe: things are pretty sleepy in the studio right now. we should remind e

i am joe mathieu alongside kailey leinz in washington. welcome back. this is the campaign of 2024. live in worry have a former president of the united states meeting today with people who can influence the sentencing he receives for the 34 felony counts on which he was convicted. that sentencing is in a few weeks on july 11. in the meantime, donald trump is on the campaign trail putting a big rally this weekend in las vegas. joe: and we are tracking separately closing arguments in hunter biden's trial. we could hear a verdict as soon as tomorrow and that will be one

i'm joe mathieu alongside kailey leinz today. from the netanyahu visit to washington. kailey: the tenor of that visit and his remarks to congress will probably be colored by what happens in the next four weeks and if that includes an opening of a new front in the war, potentially fighting more directly with hezbollah more directly on the northern border of lebanon. 9 it has been more of a war zone and the question we have been asking is will israel

i am john mackey alongside kailey leinz in washington. nyahu dissolves his war cabinet. kailey: which perhaps is more a symbolic move that anything else because you had two members leaving to war cabinet in recent weeks, including benny gantz who left the government over disagreements over the conduct of the war. so now you no longer have a war cabinet, you also do not still, have an agreement on the temporary cease-fire deal, which is what makes these 11-our technical pauses israel has decided to pursue, all the more important.

i'm joe mathieu in washington alongside kailey leinz. the first time we have heard this idea of shutting down the border when illegal crossings reach a certain level. we are going to hear from joe biden. kailey:kailey: he is set to speak from the white house at the 2:00 p.m. hour. the level we are talking about is 2500 crossings per day. we are well above that. as a result of this executive order today, the border will shut down for migrants seeking asylum. it is already can glow from progressive democrats and it is likely to face legal challenges. joe: we have been down this road before. this is a previously aired proposal now in the form of an executive order we did tell you was coming. if you are with us

i am kailey leinz. president biden is said to had take cap david.nts nationally. we will have more with nanticoke and our political panel. plus, we have our eye on politics both israel and russia. first, as always, let's begin with a check of the markets. charlie: we are looking at a down day for the s&p 500 index.

. >> from the world of politics to the world of business, two times a day, joe mathieu and kailey leinzht and analysis from and about politics' biggest power players. >> that is nonnegotiable. >> this will be an ugly year. >> balance of power live around the world twice a day at 1:00 and 5:00 eastern, only on bloomberg tv and radio. context changes everything. >> welcome to bloomberg markets. equities ending on a sour note. traders turning from their risk appetite to risk off. let's check on the markets. the s&p 500 quickening those losses a little bit. we have a .3% move lower on the day. tech names holding on. the nasdaq roughly flat. holding on to some green territory but not by much. two-year yield at 4.68% on the day. what a week we have had in the bond market. let's see we can break the

joining us with more is kailey leinz. this certainly seems like a blow to the sec. >> now that power is going to be pulled back. the supreme court has decided that those defendants have a right to a jury trial rather than being tried by in-house judges. this will very much change the way in which the sec conducts force in and cases. we reached the end of the term here and not only does it affect the power to deal a blow in that case, but we are awaiting a verdict on the chevron doctrine. it gives agency to the likes of the epa. if they pull that back, it would restrict the ability of the agencies to do so. we are awaiting that decision, but it is not the only one. the supreme court has rejected what was in control of purdue pharma. they said they would give up control of the company to pay a fine. finding that it improperly -- we still have about 10. yet to be released final opinion. a lot of news from the high court in washington today. katie: a lot of news and a lot more to come. coming up, a packaged deal. a deal to be

alongside kailey leinz i'm joe mathieu. kailey: the stage is set in atlanta, georgia. president biden and former president trump squaring off for the first time since 2020, each hoping to prove to the nation they belong back in the white house. joe: no duty audience tonight and the debater's microphones will be automatically muted when it is not their turn to speak. kailey: the debate will last for 90 minutes with two commercial breaks starting in one hour but our coverage begins right now with david joining us on the ground from atlanta. in moments he will be live with a special guest but we have to mark how momentous this moment is in history. the first time we have seen a current and former president sharing the debate stage for the first time. joe: in this case they know each other pretty well. a lot has changed in the last four years since we both saw them on stage together. as we just mentioned, different rules tonight, a different scenario with no audience. this will be new for both of them. kailey: and of course they will be limited in the time in which they ca

i am joe mathieu of the kailey leinz in washington. day although this is specific to reproductive rights, one of the biggest issues on the campaign trail. kailey: yeah, the right to contraception is what the senate will try to foster their and you need 60 books to do so. unclear if any republicans will get on board the 60 votes to do so. to get republicans on the record button issue that pertains to the productive outs. it'

kailey leinz set on this program she had never had one before.like that. i've had donuts before. i used to get them for my kids birthday parties. i would bring them to the school and that i would be like -- jonathan: you are that mom. super popular. lisa: totally. everyone gets a doughnut. jonathan: people love coming to my house because we had italian food freshly made. i would still live with my mom if she was in america any day. lisa: she can come over anytime. jonathan: private chef, i would love that. mom, i am sure you are watching. jonathan: coming up, mark mccormick alongside stephen stanley counting you down to cpi. tomorrow it'll be the only thing we are talking about. the fomc might already have the economic data because they have to plug it into their projections for the next couple of years. we will say with that have to say at 2:00 p.m.. after that is conference with chairman powell. the opening bell is 60 minutes away. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a