Trump Casts Doubt on New Iran Talks | Balance of Power 7/31/2026

Summary

President Trump holds a rare televised Cabinet meeting at Camp David, casting doubt on a deal to let Ukraine build Patriot missiles and saying further strikes on Iran are likely. General Wesley Clark warns of interlocking global crises with Iran and Russia. The show also covers Senate fights over the Attorney General nomination, midterm election polling showing a Democratic wave, and market-moving earnings from Amazon and Apple. Oil prices and inflation concerns linger as the Strait of Hormuz tensions persist.

• Trump suggests Patriot missile license deal with Ukraine not final, citing technology security risks.
• General Clark assesses Iran as unlikely to capitulate to airstrikes; warns of deeper military involvement.
• Oil prices rise amid Iran tensions and Hormuz vessel disruptions, adding to administration worries.
• Jason Furman says Fed's employment mandate is steady, so focus should remain on inflation.
• Spencer Kimball's polling shows Democrats up double-digits on generic ballot, raising blue wave speculation.
• Amazon surges 15% on cloud revenue acceleration; Apple plunges 9.7% on earnings miss.
• Senate stumbling blocks delay Todd Blanche's confirmation as Attorney General.