Balance of Power

Insight & analysis on the White House and Capitol Hill
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
California Gov. Gavin Newsom said artificial intelligence systems will face a slew of new safety and security standards as he pushes for leading companies to develop an AI “kill switch.”

Newsom cited recent incidents at major AI labs OpenAI and Anthropic that have led researchers to sound alarms on the potential catastrophic consequences of the unchecked development of the technology. Newsom, a likely presidential contender for 2028, particularly blamed Congress and President Donald Trump for inaction on the issue.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Emerald AI CEO Varun Sivaram.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Aspen Strategy Group Executive Director Anja Manuel.
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump visited North Carolina in his first campaign stop since the GOP’s Dallas midterm convention, seeking to boost Republican Senate candidate Michael Whatley, who is trailing Democrat Roy Cooper in the polls.

The race in North Carolina could be critical to determining which party controls the Senate, and the president’s rally at an airfield in Gastonia, outside Charlotte, offered a sign of the deep concern within GOP ranks over their prospects for holding onto the chamber.

“A vote for Roy Cooper is a vote to give control of the US Senate,” Trump said Wednesday, casting the race as having stakes far beyond the state.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
The Cook Political Report Editor Jessica Taylor.
Republican Main Street Partnership President and CEO Sarah Chamberlain and Maywood Strategies Principal Doug Farrar.
Bloomberg Opinion Columnist Gautam Mukunda.
See omnystudio.com/listener for privacy information.

Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US midterm elections were already shaping up to be a key risk for AI-related stocks amid a backlash against data centers. But with a growing number of lawmakers from both parties sounding the alarm on the need for AI safety regulations, the stakes have only gotten higher.

Optimism about AI has powered the stock-market rally for the better part of four years amid soaring spending on computing infrastructure. That trade, however, is on shaky ground after Anthropic PBC and OpenAI both pledged to slow development of their most advanced models following a series of warnings from within the industry about its ability to control the technology.

The Philadelphia Stock Exchange Semiconductor Index, better known as the SOX, tumbled nearly 6% on Monday, its worst day in more than two months. Former President Barack Obama called for AI policy to be “at the center of our public debate,” in a statement Monday evening. Meanwhile, senators including John Thune, Ted Cruz, Bernie Sanders and Amy Klobuchar have all proposed a range of policy measures aimed at addressing AI safety concerns.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Senior Editor for Technology and Strategic Industries Michael Shepard.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
See omnystudio.com/listener for privacy information.

Bloomberg's Tom Keene, Jon Ferro and Lisa Abramowicz discuss remarks from Fed Chair Kevin Warsh following the Federal Reserve's latest policy decision on a special edition of Bloomberg Surveillance.
The Federal Reserve raised interest rates by a quarter percentage point and penciled in an additional hike later this year, steps aimed at containing inflation that will test Chairman Kevin Warsh’s relationship with President Donald Trump.
Wall Street traders drove stocks to the lowest since July on bets the Federal Reserve will keep raising rates to combat inflation after delivering its first hike in three years.
In his remarks to reporters, Fed Chair Kevin Warsh restated his concerns over inflation, saying too many categories of products and services were showing annualized price gains above 3% on a 6- and 12-month basis.
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Insight & analysis on the White House and Capitol Hill.
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
President Donald Trump’s opposition to guardrails on artificial intelligence puts him at odds with a growing number of lawmakers from both parties, with AI safety fears adding to voters’ misgivings about the technology heading into the midterm elections.

In a rapid-fire series of social media posts, Trump on Monday belittled a push led by Anthropic PBC and OpenAI to slow work on cutting-edge systems, invoking bombastic language to dismiss existential fears about AI as “a hoax.” Later in the day, he made an impromptu call to Nvidia Corp. Chief Executive Officer Jensen Huang, who was onstage at a technology conference and put their conversation on speakerphone.

“The robots will not be taking over. AI will not be taking over the rest of the world,” Trump told Huang, who was a featured guest at the All-In summit in Los Angeles. “We have to do things, and we have to do them prudently, but that doesn’t mean we’re going to stop an industry.”
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg International Economics and Policy Correspondent Michael McKee.
Former US Secretary of State Antony Blinken.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Groundwork Collaborative Senior Fellow Kitty Richards.
See omnystudio.com/listener for privacy information.