Trump Heads to Nassau County | Radio Balance of Power: Early Edition 8/14/2026

Summary

The episode covers President Trump's Long Island crime speech and midterm politics, debt-market warnings from rising Treasury yields, tight diesel and distillate markets driven by refining bottlenecks, and the administration's shift toward economic pressure on Iran. Tom Kloza argues diesel and heating oil remain bullish on refining-capacity losses and hurricane risk, while Rick Davis warns investors away from bonds on deficit-driven yield pressure. A Wall Street Week segment highlights private investor appetite for Cuban resort real estate after any political or economic opening.

• President Trump travels to Nassau County to emphasize crime stats as Republicans face weak consumer sentiment and retail sales before midterms.
• Scott Bessent promises unprecedented economic isolation and blockade pressure on Iran; possible secondary sanctions on buyers of Iranian oil.
• Rick Davis warns persistent federal borrowing and deficits are pushing long-term yields higher and bankers say avoid bonds.
• The 30-year Treasury yield recently hit its highest since 2001; consumer sentiment and retail sales deteriorate.
• Tom Kloza says global refining capacity is down 7-8 million barrels/day, keeping diesel prices extremely high despite crude in the 80s.
• Diesel, heating oil, and distillates are seen as vulnerable to Gulf of Mexico hurricane risk.
• Wall Street Week discusses Cuba: sanctions may force reform, but investors see hotel and resort real estate opportunity if political change occurs.
• General Kimmitt says Iran relies on a resistance model of patience, and economic sanctions alone may not quickly break the regime.