Name: Bloomberg Goes One-On-One With NYC Mayor Mamdani | Balance of Power 01/28/2026
Uploaded: 2026-01-30T01:00:00+00:00
Duration: 3259 s

Speakers

Romaine Bostick — Anchor, Bloomberg

Patti Poppe — CEO, PG&E

Joe Mathieu — Host, Bloomberg Radio

Tim O'Brien — Political Analyst / Commentator

Zohran Mamdani — Mayor of New York City

Dick Durbin — U.S. Senator (D-IL)

Ed Ludlow — Co-Host, Bloomberg Technology

Summary

Balance of Power covers a possible U.S. government shutdown over DHS funding, NYC Mayor Mamdani's fiscal plans and tax-the-wealthy agenda, and earnings-driven moves in Apple and Microsoft/software. PG&E's CEO argues data-center demand can lower utility rates and defends the investor-owned utility model. Senators and guests also discuss immigration enforcement, credit-card rate caps, and reported SpaceX merger chatter with Tesla/xAI.

NYC Mayor Zohran Mamdani discusses a $12 billion deficit, higher taxes on wealthy residents and corporations, and budget/regulatory changes.
Washington faces a possible partial shutdown as senators debate DHS funding and ICE restrictions after Minneapolis killings.
Apple reports record iPhone, iPad, and services results but gets a muted investor reaction amid AI strategy questions.
Microsoft's Azure softness drags Microsoft and the broader software sector, with MSFT having its worst one-day drop since 2020.
Bloomberg reports SpaceX is weighing a merger with Tesla or xAI ahead of a possible SpaceX IPO.
PG&E CEO Patti Poppe defends the investor-owned utility model, citing reliability gains, rate cuts, undergrounding economics, and data-center demand as a rate tailwind.

Ideas

Romaine Bostick Anchor, Bloomberg 6:09

Strong results but AI monetization questioned

Apple reported a record quarter with iPhone sales up 23% year over year, iPad revenue up 6%, services revenue up 14%, and a 2.5 billion installed iPhone base, but the muted stock reaction shows investors want more clarity on Apple's AI strategy and shareholder returns. Management faces questions on whether Siri/voice AI and the new Alphabet/Google partnership can make Apple's AI more relevant and drive additional sales.

Romaine Bostick Anchor, Bloomberg 7:51

Azure softness undermines AI growth narrative

Microsoft's earnings were emblematic of recent pressure on software stocks, and Azure cloud services revenue softness is especially concerning because cloud is supposed to be the bridge to the AI future. If Azure is soft now, investors have a harder time betting on later AI-driven strength, and Microsoft had its worst one-day drop since 2020.

Romaine Bostick Anchor, Bloomberg 7:51

Software sector remains under earnings pressure

Software stocks have been under pressure for weeks, and Microsoft's earnings reinforced the trend; anything close to software was in sell mode as investors question whether AI can offset slower cloud and software growth.

Patti Poppe CEO, PG&E 46:11

Turnaround and data centers support PG&E

PG&E says it is executing a real transformation: reliability improved 20% last year, prices are down 11% since 2024, undergrounding 1,200 miles costs only $1.75 per month versus $22 per month for vegetation management, and new data-center demand can lower unit costs and fund grid rebuilding. Rate filings show flat rates from 2025 to 2027 and roughly 1% lower rates for every gigawatt of new demand, supporting the case that PG&E can serve AI-driven load growth without raising customer costs.

Patti Poppe CEO, PG&E 47:16

Investor-owned utility model lowers infrastructure costs

The investor-owned utility model is the lowest-cost way to build infrastructure at scale and keep prices affordable as grid load grows from AI, robotics, and new technologies. Improving service, safety, and affordability can rebuild trust while supporting large infrastructure investment.

Bloomberg Goes One-On-One With NYC Mayor Mamdani | Balance of Power 01/28/2026

Summary

Ideas

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