Congress Faces Friday Deadline for FISA Extension | Balance of Power 06/10/2026

Summary

The show covers congressional brinkmanship over FISA Section 702 expiration as Democrats oppose Bill Pulte's acting DNI appointment. President Trump renews military strikes on Iran amid stalled negotiations, pushing oil higher and equities to a five-week low. The hot CPI print and Iran tensions rattle markets, with energy stocks gaining safety while tech and trucking names slide. Interviews also touch on US Ebola preparedness ahead of the World Cup.

• Congress faces FISA Section 702 expiration deadline with a short-term extension uncertain due to Democratic opposition over Bill Pulte's acting DNI role.
• President Trump orders additional self-defense strikes on Iran, raising oil prices and contributing to a 1.6% S&P 500 drop.
• May inflation hits a three-year high, partly driven by Iran conflict pushing gas prices higher.
• Energy stocks and XOP ETF rise on expectations that elevated oil prices will persist; Chevron and Murphy gain.
• Oracle tumbles after-hours as capex fears overshadow strong cloud growth, turning a former AI leader into a laggard.
• Amazon’s move into less-than-truckload freight pressures Old Dominion Freight Line and FedEx Freight.
• Nikki Haley argues Iran will never make a deal and the US must target its revenue sources, including Kharg Island.
• Dr. Deborah Birx discusses gaps in early Ebola detection in DRC and calls for comprehensive on-the-ground health support.