>> THIS IS "BALANCE," LIVE FROM WASHINGTON, D.C. >> FROM BLOOMBERG'S WASHINGTON, D.C. STUDIOS, WELCOME TO "BALANCE OF POWER. " THE PRESIDENT LEANING TOWARD A FED CHAIR PICK. THE MOVES JUST WITHIN THE LAST HOUR. THE RACE FOR FED CHAIR WITH THE WALL STREET JOURNAL NOW OUT WITH THIS REPORT JUST A SHORT TIME AGO. THE HEADLINE READING, "TRUMP SAYS HE IS LEANING TOWARDS WARSH OR HASSETT TO LEAD THE FED. THEY ARE AT THE TOP OF HIS LIST.HE SAID "I THINK THE TWO KEVINS ARE GREAT." THE INCLUSION OF WARSH COMING JUST ...

-Well, the decision itself isn't a surprise, David. The why, though, is a good question. I don't see really an argument for cutting the funds rate, particularly given the Fed's own macroeconomic forecast that would have real GDP growth now higher next year, not lower. There are reasonable minds on both sides who are debating the employment tradeoff and the inflation tradeoff. More interestingly, going forward, what could the Fed do? I don't see rate cuts. If you look at the Fed funds rate now, it's roughly ...

Manila's expansive food scene is hard to describe, but has flourished over the last decade thanks to food champions like the late Margarita Flores and places that rank on Asia's 50 best [music] restaurant lists. But here's the challenge. Metro Manila is big, and many great places are tucked away [music] in quiet alleys or unassuming buildings.Finding the top spots aren't easy, so we've selected five to give you a head start. First, it's the new kid on the block, Makai. Japanese comfort with serious polish.T ...

President just now in the Oval Office, made an offhand remark that a lot of progress was being made on Russia and Ukraine. You don't think he gets on a plane this weekend, do you. I don't think he's going to get on a plane this weekend, but his folks might.I mean, I could see Secretary Rubio or or Steve Whitcomb and Jared Kushner have been working this getting on a plane. You know, this if anything, what's fascinating with this is that things are progressing mainly because President Zelensky's trying to pla ...

Do you want to personally play in the decision by the Fed on interest rates. Well, you know, I've made a lot of money. I've been very successful, and I think my role should be at least that of a recommending.You know, I have to follow what I say, but we're going to be choosing a new Fed person in the pretty near future. But they went out you know, they went out with 71 different people, all economists and Trump. I was 71. And of the 71 people, I got it right. And one other person, I think, from the Wharton ...

I'm wondering your thoughts about this move from the White House and whether it can hold up in court. It's a great question. We all certainly want to know the answer to that.And certainly I know many companies across the country are relieved today seeing that they may not have state compliance patchwork to comply with. But I think it's important we not lose sight of the bigger picture. The federal regulation is a key piece of governance, but governance is really a much larger issue.It's what's happening wit ...

IRS Funding and Operations - IRS funding is crucial for government services and scrutinizing tax evasion/delinquency [1] - The 2022 Inflation Reduction Act aimed to address IRS understaffing issues [1] - Hiring of new IRS agents was halted, leading to potential understaffing [2] - Approximately 26,000 people have left the IRS [2] - Reduced IRS staffing may lead to decreased efficiency and output [2] Political Influence - Republicans believed the IRS received excessive funding from the Inflation Reduction Act [2] - Actions were taken to undermine and limit the powers of the IRS [3]

First of all, we know Oracle has commented on this and they're saying they're pushing back. Tell us, though, what you guys found out. What you found out.Right. Yeah. Oracle is saying that we have a huge contract with open air that's, you know, four and a half gigawatts.They're on the hook to develop data centers larger than I've ever been done. And in a shorter timeframe, they're saying that we're going to be able to deliver on our contracts and deliver on our expansions. Right.What we reported today is tha ...

You have different sets of data. They gave us a figure which was a $73 billion backlog. >> Yep.>> This morning quite clearly the market would like to see a revenue number that's forward-looking. >> Yep. >> Yep.That's true. So, uh, so you're right. I think the I think what's interesting here, the reason why Broadcom is down is not about the is not about how revenue has perhaps missed expectations.First and foremost, some of the company actually beat and raised uh guidance. AI AI sales were above expectations ...

The inflation rate has not been great. We after a couple of years of progress, it's still the case that we've been four and a half years above the 2% target. We were making progress over much of 2020 for the last six months.Plus we've made no progress and it's inch the wrong way. And right before the lights went out. If you looked at services, inflation was was 3% for the first half of the year.And the the the last three months before the lights went out, it was three and a half percent. That's not ideal be ...