Trump Moves to Tech Giants to Pay Surging Power Costs | Balance of Power 01/16/2026

Watch on YouTube ↗  |  January 17, 2026 at 00:57  |  47:53  |  Bloomberg Markets
Speakers
Romaine Bostick — Anchor, Bloomberg
Jennifer Dlouhy — Bloomberg Reporter
Mike Flood — U.S. Representative (R-NE), Chair of Main Street Caucus
Mike Allen — CEO, Strike Point Gold
Lester Moneysen — Republican Strategist
Sanne Wass — Copenhagen Reporter, Bloomberg

Summary

The program covers the White House and northeastern governors' push to make Big Tech pay for surging power costs and support grid reliability. A market segment highlights energy, grid-equipment, oil-services, and clean-energy equities as strong performers. The rest of the episode focuses on politics, including ICE hearings, geopolitical tensions over Greenland and Iran, and Fed chair speculation.

  • White House and PJM-area governors propose making tech companies fund power plants and grid upgrades.
  • Bloomberg reports PJM proposed a backstop plan for power-grid reliability.
  • Energy, grid equipment, oil services, and clean energy stocks are highlighted as strong performers.
  • Rep. Katherine Clark criticizes ICE enforcement and discusses health-care funding negotiations.
  • Michael Allen discusses Greenland, Iran, and Trump's foreign-policy posture.
  • Rep. Mike Flood discusses Nebraska's public power model, data centers, and small nuclear reactors.
  • Congressional delegation meets Danish officials amid Trump's Greenland pressure.
  • Political panel discusses Venezuela's opposition, Machado, and Trump's Nobel Peace Prize gesture.
Ideas
Romaine Bostick Anchor, Bloomberg 4:25
Energy stocks rally on geopolitics, demand
Energy equities have been on fire, with the rally starting late last year and accelerating on geopolitical oil-price moves and proposals to address the energy crisis; energy is a major driver of the small-cap versus large-cap bifurcation.
XLE HIGH
Romaine Bostick Anchor, Bloomberg 4:50
Grid equipment makers rally on power demand
Makers of equipment for the electrical grid have been trading at record highs as proposals to address the energy crisis and surging power demand boost the group.
GRID HIGH
Romaine Bostick Anchor, Bloomberg 4:56
Oil services rally on infrastructure bill
Oil-services companies, including Halliburton, are rallying on the potential for a larger oil-infrastructure spending bill, particularly in Venezuela and the Southern Gulf Coast.
OIH HAL MED
Romaine Bostick Anchor, Bloomberg 5:25
Clean energy strong on non-US orders
Clean-energy stocks have been surprisingly strong and are outperforming more traditional names, not because of U.S. renewable policy but because most non-U.S. nations remain committed to renewable projects and are placing orders at a high pace.
ICLN HIGH
Up Next
44:19
Mad Money 01/16/26 | Audio Only
CNBC · Jan 17
3:32:06
Elon vs OpenAI, Ads in ChatGPT, Leaked Tech Emails, Most Expensive House in D.C.
TBPN · Jan 17
4:19
There's no quick fix for chip shortage despite new plants, says Jim Cramer
CNBC · Jan 17
6:15
Lightning Round: Medline is 'unbelievable', it's a buy, says Jim Cramer
CNBC · Jan 17
1:09
Jim Cramer talk Micron breaking ground on New York chip plant
CNBC · Jan 17

This Bloomberg Markets video, published January 17, 2026, features Romaine Bostick discussing XLE, GRID, OIH, HAL, ICLN. 4 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Romaine Bostick  · Tickers: XLE, GRID, OIH, HAL, ICLN