High Court Backs Birthright Citizenship | Balance of Power 6/30/2026

On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the end of the Supreme Court's latest term. On today's show, Stonecourt Capital Partner Rick Davis, Maywood Strategies Founder Doug Farrar, former FTC Commissioner Rebecca Slaughter and Kpler Head of Policy and Geopolitical Risk Michelle Brouhard. Chapters 00:00:00 Balance of Power: Early Edition 00:02:20 Market Update: Stocks End Q2 on a High Note 00:04:27 Trump Reacts to Birthright Citizenship Ruling 00:05:52 Tyler Kendall Breaks Down the Supreme Court Decisions 00:07:23 Campaign Finance Rules Overturned 00:09:23 Political Panel on Campaign Spending & Midterms 00:14:43 Birthright Citizenship Decision Sparks Debate 00:18:50 Market Check: Semiconductors Lead the Rally 00:20:54 Trump Calls on Congress to End Birthright Citizenship 00:22:00 Erik Larson on the Court's Landmark Term 00:24:40 Rebecca Kelly Slaughter Reacts to Supreme Court Ruling 00:25:52 What the Slaughter Decision Means for Presidential Power 00:27:26 Why Independent Agencies Matter 00:29:20 Lisa Cook Ruling vs. FTC Independence 00:31:30 Should Congress Rein in Presidential Power? 00:32:35 Market Update: Best Quarter Since 2020 00:34:50 U.S.-Iran Nuclear Talks Resume in Doha 00:36:20 Strait of Hormuz & Fragile Ceasefire 00:37:58 Will There Be More U.S.-Iran Negotiations? 00:39:40 Can Gas Prices Really Fall to $2.50? 00:41:40 Why Gasoline Prices Remain Elevated 00:43:25 Strait of Hormuz Tolls & Global Trade Risks 00:45:00 Did the World Avoid a Fuel Shortage? 00:46:50 Energy Price Outlook Through November -------- 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:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts