Trump, Xi Set to Meet in China Within Hours | Balance of Power: Late Edition 05/13/2026

“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Senator Richard Blumenthal (D-CT), says a New York Times report that Iran has regained access to most of its missile sites and launchers is “certainly no surprise” and is consistent with what he has heard from reliable sources. Senator Dave McCormick (R-PA) says his longtime friend Kevin Warsh is the right choice to lead the Federal Reserve, citing his reform mindset, market experience and view that AI will boost productivity and prove deflationary. Gary Locke, former US Ambassador to China & US Commerce Secretary under the Obama administration, explains why he believes President Trump’s trip to China will be “a trip of transactions.” (Source: Bloomberg)