On the early edition of Balance of Power, Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz discuss the primary elections in the US Tuesday. On today's show, Advancing American Freedom Chairman Marc Short, Stonecourt Capital Partner Rick Davis, Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and former Deputy United States Special Envoy to the Middle East Morgan Ortagus. Chapters 00;00;00 Balance of Power: Early Edition  00;02;25 Markets, Oil Prices & CPI Ahead 00;04;26 Trump, Iran & the Strait of Hormuz 00;06;32 White House Update & U.S.-Canada Trade Talks 00;10;03 Midterms, Affordability & the Political Landscape 00;11;03 Marc Short on Democrats, Republicans & 2026 00;16;39 Congress, Government Funding & Russia Sanctions 00;20;37 Primary Day: Key Races Across the U.S. 00;22;04 Wisconsin, Minnesota & Democratic Socialists 00;26;18 South Carolina Senate Race & Trump’s Endorsement 00;27;59 Mike Lindell’s Minnesota Governor Bid 00;30;39 Minnesota Senate Primary: Flanagan vs. Craig 00;34;45 Strait of Hormuz & Prospects for Peace 00;36;00 Pakistan’s Role in U.S.-Iran Diplomacy 00;40;52 Morgan Ortagus on Iran, Sanctions & Military Pressure 00;45;23 What Comes Next for U.S.-Iran Negotiations? -------- 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: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts