Name: Republican Midterm Convention Kicks Off | Radio Balance of Power: Early Edition 9/9/2026
Uploaded: 2026-09-09T19:47:29+00:00
Duration: 2873 s

Speakers

Kailey Leinz — Bloomberg Reporter

Ray Washburne — CEO, Charter Holdings

Ed Ludlow — Co-Host, Bloomberg Technology

Brooke Rollins — U.S. Agriculture Secretary

Lisa Mateo — Reporter, Bloomberg

Vinny Minchillo — Republican Strategist, Author

Summary

Bloomberg's Balance of Power broadcasts live from the first Republican midterm convention in Dallas. Markets are under pressure as oil rises above $100 on U.S.-Iran escalation, lifting yields and stoking inflation concerns ahead of Fed data. Apple unveils new iPhones and a roughly $2,000 foldable iPhone while panels discuss the Texas Senate race, data centers, and redistricting. Agriculture Secretary Brooke Rollins argues food inflation has cooled while diesel and gasoline remain key voter affordability issues.

Brent crude tops $100 and WTI trades around $95 after U.S. strikes on Iranian tankers.
Equities slip and Treasury yields rise with PPI/CPI and a potential Fed hike in focus.
Republican midterm convention opens in Dallas with President Trump speaking both nights.
Texas Senate race between Ken Paxton and James Talarico is seen as tight.
Apple event features iPhone 18 Pro, Apple Watch, AirPods, and a $2,000 foldable iPhone.
Brooke Rollins says food inflation has normalized but diesel and affordability concerns remain.
Political panel discusses data centers, New Hampshire Senate, and Missouri redistricting.

Ideas

Kailey Leinz Bloomberg Reporter 0:28

Brent crude rises on U.S.-Iran escalation.

Brent crude is back above $100 a barrel as U.S.-Iran hostilities escalate, including U.S. strikes on Iranian tankers, keeping oil prices elevated and feeding inflation concerns.

Ray Washburne CEO, Charter Holdings 9:06

Gasoline prices should fall into autumn.

Gasoline demand has already hit its seasonal peak, and prices should drift down through the fall as demand declines, even though fuel prices have been high relative to history.

Ray Washburne CEO, Charter Holdings 11:09

Deregulation may boost US refinery capacity.

U.S. refineries are running near 98% capacity and no new refinery has been built since 1977; if Republicans keep Congress and cut regulation and permitting, the U.S. can build more refineries, a multi-year positive for domestic refining.

Ed Ludlow Co-Host, Bloomberg Technology 16:14

Tight memory supply keeps prices elevated.

Apple's foldable iPhone pricing is being driven at the component level by high memory prices and tight memory supply, signaling continued strength in the memory segment.

Brooke Rollins U.S. Agriculture Secretary 40:39

Food prices should keep falling.

After Biden-era food inflation, food costs have returned to historical averages with dairy way down, berries down 15%, and eggs down nearly 50% retail and 90% wholesale, and she expects food prices to keep coming down.

Kailey Leinz Bloomberg Reporter 43:27

Record diesel prices amid falling stockpiles.

U.S. diesel prices are at record highs and the EIA projects U.S. diesel stockpiles will fall to their lowest level in over two decades, keeping diesel and refined product prices supported.

Kailey Leinz Bloomberg Reporter 44:23

Treasury buyback disappoints; long yields rise.

The Treasury's upsized $6 billion buyback in the 10-20 year sector is still leaving the market disappointed, with long-end yields rising and long-dated Treasuries under pressure.

This Bloomberg Markets video, published September 09, 2026, features Kailey Leinz, Ray Washburne, Ed Ludlow, Brooke Rollins discussing BNO, UGA, CRAK, DRAM, Food commodities, DIESEL, TLT. 7 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kailey Leinz, Ray Washburne, Ed Ludlow, Brooke Rollins · Tickers: BNO, UGA, CRAK, DRAM, Food commodities, DIESEL, TLT

Republican Midterm Convention Kicks Off | Radio Balance of Power: Early Edition 9/9/2026

Summary

Ideas

Up Next