Trump Scraps Housing Bill Signing | Balance of Power 6/24/2024
Speakers
Amy Morris
— Bloomberg Market Reporter
Mike Lawler
— US Congressman
Ivo Daalder
— Former US Ambassador to NATO, Senior Fellow at Harvard Belfer Center
Summary
The episode covers President Trump canceling a housing bill signing to pressure Senate Republicans on the Save America Act, political fallout from Democratic socialist primary wins in New York, Trump's meetings with GOP senators and NATO Secretary General Mark Rutte, and market updates including falling oil prices and Bitcoin dropping below $60,000.
- President Trump cancels signing of the bipartisan 21st Century Road to Housing Act, demanding passage of the Save America Act first.
- Senate Republicans indicate insufficient votes for the voter ID law and for eliminating the filibuster.
- Democratic socialists win multiple primaries in New York, with Mayor Zoran Mamdani's endorsements sweeping, reshaping the Democratic Party's image.
- Trump meets with Senate GOP and later with NATO Secretary General Mark Rutte amid tensions over US troop commitments and Ukraine.
- Brent oil drops below $75 as tankers cross Strait of Hormuz and US-Iran peace talks progress.
- Bitcoin slides below $60,000, wiping out its post-election gains and hitting the lowest since September 2024.
- US equities turn negative by session end with S&P 500 and Nasdaq lower.
