00:00JOE: HEALTH AND HUMAN SERVICES SECRETARY R.F.K. JR. SPEAK LIVE FROM THE WHITE HOUSE AFTER WE HEARD FROM PRESIDENT TRUMP THERE IN AN EVENT THAT. THIS EVENT TONIGHT FOCUSING ON PUBLIC HEALTH AND MORE SPECIFICALLY THE ADMINIS ADMINISTRATION’S STABS ON TYLENOL AND ITS PERCEIVED TIES TO AUTISM. WE HAVE BLOOMBERG’S MADISON MULLER AND WENDY BENJAMIN BOTH JOINING US FROM NEW YORK TO COVER THIS AND A LOT MORE AS WE GET THE BALL ROLLING TONIGHT FROM WASHINGTON WHERE WE BEGIN WITH MADISON. WE HEARD A LOT FROM THE PRESIDENT THERE, MADISON, SPECIFICALLY TELLING PEOPLE ON TYLENOL, DON’T TAKE IT. HAVING REVEAL WHAT HAD THEY SEE AS A LINK BETWEEN WOMEN WHO ARE PREGNANT TAKING TYLENOL AND AUTISM HERE. HE ALSO SPOKE TO VACCINES, SPECIFICALLY THE M.M.R. VACCINE SAYING, QUOTE, THIS IS BASED ON WHAT I FEEL, UNQUOTE. HOW MUCH OF WHAT WE JUST HEARD, MADISON, IS BASED ON SCIENCE? MADISON: I MEAN, THIS IS SORT OF THE LATEST EXAMPLE OF HOW THIS ADMINISTRATION IS UPENDING WHAT WE KNOW ABOUT PUBLIC HEALTH AND WIDELY AND COMMONLY USED AND ACCEPTED DRUGS AND VACCINES. I MEAN THIS IS ON THE HEELS OF THE VACCINE PANEL LAST WEEK THAT VOTED TO, AND DISCUSSED, YOU KNOW, VACCINES THAT HAVE BEEN USED IF WAR LONG TIME, FOR DECADES, IN THE UNITED STATES AND RECOMMENDATIONS THAT HAVE OPINION MADE FOR A LONG TIME IN THE UNITED STATES. SO THEY ARE NOW COMING OUT WITH THESE RECOMMENDATIONS AND THESE ASSERTIONS ABOUT THESE COMMONLY USED DRUGS AND VACCINES AND IT DOESN’T SEEM LIKE, TO ANSWER YOUR QUESTION, THERE IS A LOT OF EVIDENCE THAT THEY’RE PRESENTING US WITH RIGHT NOW. AS OF LAST MONTH, F.D.A.’S WEBSITE EVEN SAID THAT TYLENOL WAS SAFE AND EFFECTIVE AND THAT THERE WEREN’T ANY REAL LINKS TO BAD SIDE EFFECTS WHEN TAKEN DURING PREGNANCY. SO THIS IS A REVERSAL OF WHAT WE HAVE SEEN EVEN IF THE ADMINISTRATION ITSELF. AND FROM THE F.D.A. ITSELF. > > WENDY, WHAT ARE WE HEARING FROM THE MEDICAL COMMUNITY ABOUT THE RISKS HERE, ESSENTIALLY, OF MAKING THIS DECLARATION FOR WOMEN WHO ARE EXPECTING CHILDREN? > > WELL, THE RISK, WHAT WE ARE HEARING IS THAT TYLENOL IS ONE OF THE -- ACETAMINOPHEN, WHATEVER BRAND, IS ONE OF THE FEW THINGS THAT PREGNANT WOMEN HAVE TAKEN TO, YOU KNOW, COMBAT A HEADACHE OR OTHER ACHES AND PAINS YOU HAVE DURING PREGNANCY. AND TO TAKE THIS AWAY FROM THEM ON THE, EVEN R.F.K. JR. JUST SAID NO, ON THE POTENTIAL IMPACT ON SOME PREGNANT WOMEN THAT IT MIGHT CAUSE AUTISM OR INCREASE THE RISK OF AUTISM IN THEIR CHILDREN, IT’S GOING TO HURT A LOT MORE PEOPLE THAN IT MAY HELP. AND THE MEDICAL COMMUNITY IS SIMPLY SAYING, THIS LINK HAS BEEN TALKED ABOUT BUT IT’S UNPROVEN. THERE ARE MANY OTHER CAUSES FOR AUTISM INCLUDING MOST IMPORTANTLY GENETICS. AND SO THIS SEEMS TO BE, YOU KNOW, ATTACKING A -- YOU KNOW, AN ANT WITH A NUCLEAR BOMB. IT JUST DOESN’T SEEM TO A LOT OF PEOPLE IN THE MEDICAL COMMUNITY WORTH TELLING WOMEN THEY SHOULDN’T TAKE IT. > > MADISON, THE PRESIDENT TODAY TALKED ABOUT TYLENOL ALMOST AS IF HE WAS CALLING FOR A BOYCOTT. WE HAVE SEEN KENVIEW STOCK FALL OFF A CLIFF SINCE THE WAGE FIRST REPORTED THIS MIGHT BE COMING, IT WAS DOWN ANOTHER 5% TODAY. THE PRESIDENT ALSO SPOKE TO ADVIL SAYING IT’S BEEN PROVEN BAD. THAT’S A COMPLETELY DIFFERENT PAINKILLER. WHAT DOES THIS MEAN FOR THE COMPANIES THAT MAKE THESE DRUGS? > > THAT’S GOOD TO POINT OUT, THAT’S A COMPLETELY DIFFERENT PAINKILLER. AND THE COMPANIES ARE STANDING BY STATEMENTS SAYING THAT, THIS IS NOT TRUE. THEIR DRUGS ARE SAFE AND HAVE BEEN USED FOR -- BY MANY, MANY PEOPLE FOR A LONG TIME. THERE’S NO EVIDENCE OF THIS, NO LINKS TO THIS. A LOT OF THE RESEARCHERS THAT WE HAVE SPOKEN TO TODAY, SCIENTISTS WE HAVE SPOKEN TO OVER THE LAST COUPLE OF WEEKS EVEN, AS THIS NEWS STARTED FIRST TRICKLING OUT, HAVE SAID THAT THIS IS NOT SOMETHING THAT THEY ARE CONCERNED ABOUT, THAT THE LINKS TO AUTISM ARE NOT SUBSTANTIATED. AND THAT THERE IS PLENTY OF EVIDENCE SHOWING THERE’S NOT A LINK BETWEEN THE TWO. AND THAT THERE ARE OTHER, AS WENDY MENTIONED, OTHER DOESES -- CAUSES TO BE STUDIED AND THAT POTENTIALLY THESE RESOURCES THAN THESE FEDERALS THAT ARE AND ATTENTION AND FOCUS ON STUDYING THE ROOT CAUSES OF AUTISM MIGHT BE BETTER DIRECTED ELSEWHERE. AND NOT TO SOMETHING LIKE THIS THAT WE KNOW IS SAFE AND EFFECTIVE AND SO IT REMAINS TO BE SEEN SORT OF HOW THE COMPANIES CONTINUE TO HANDLE THIS. I THINK THEY WERE WAITING TO SEE WHAT EXACTLY WOULD COME OUT OF THE ADMINISTRATION BECAUSE THERE’S BEEN RUMORS CIRCULATED THE LAST COUPLE OF WEEKS WHAT WOULD BE IN THIS REPORT AND HOW THE ADMINISTRATION WOULD HANDLE THIS. SO NOW WE’LL HAVE TO SEE WHAT THE COMPANIES DO WITH THIS INFORMATION GOING FORWARD. BUT IT WILL BE INTERESTING TO WATCH, THAT’S FOR SURE. > > WENDY, THERE HAVE TO BE OTHER COMPANIES RIGHT NOW LOOKING AT THE STOCK PRICE THAT JOE MENTIONED FALLING AND WONDERING, COULD THEY BE NEXT? DO WE HAVE ANY SENSE, MADISON YOU MENTIONED RUMORS, ARE THERE OTHER MEDICATIONS THAT COULD BE ON THE RADAR FOR TRUMP ADMINISTRATION OFFICIALS ESPECIALLY WHEN IT COMES TO THE CONNECTION THEY’RE SEEK MAKE WITH AUTISM? > > I’M SURE THERE ARE. I DON’T KNOW EXACTLY IF THERE’LL BE OTHER DRUG WE HAVEN’T HEARD ANYTHING ABOUT THAT. BUT WE HAVE TO LOOK AT THE FACT THAT TRUMP, PRESIDENT TRUMP TOLD R.F.K. JR. TO GO WILD WHEN HE GAVE HIM THE JOB OF HEALTH SECRETARY. AND R.F.K. JR. HAS BEEN VERY PUBLIC ABOUT BELIEVING THAT THERE ARE LINKS BETWEEN DRUGS THAT HAVE STARTED THIS MAKE AMERICA HEALTHY AGAIN MOVEMENT, THAT EMBRACES A LOT OF THE CONSPIRACY THEORIES ABOUT DRUGS, ABOUT DIFFERENT TREATMENTS, ABOUT NUTRITION AND THINGS LIKE THAT. AND SO, WE DO KNOW THAT TRUMP HAS BEEN INTERESTED IN AUTISM FOR A LONG TIME. HE’S TALKED ABOUT IT EVEN IN HIS FIRST TERM. SO I CAN’T IMAGINE THERE’S NOT MORE COMING DOWN THE ROAD ALTHOUGH THEY HAVEN’T FLAGGED ANYTHING THAT I KNOW OF YET. > > GREAT TO HAVE YOU BOTH WITH US. THANK YOU. JOINING US NOW LIVE HERE IN OUR WASHINGTON BUREAU IS MARK SHORT, FORMER CHIEF OF STAFF TO VICE PRESIDENT MIKE PENCE, REPUBLICAN STRATEGIST, MARK IT’S GREAT TO HAVE YOU. YOU’VE HEARD THIS WHOLE CONVERSATION. WE WERE JUST WATCHING THE PRESIDENT TOGETHER HERE. THE LINK BETWEEN TYLENOL AND AUTISM IN CHILDREN IS BEING DELINEATED BY THIS WHITE HOUSE. WHAT WILL BE THE RESPONSE FROM THE PRESIDENT’S BASE? A BOYCOTT OF TYLENOL? > > I’M NOT SO SURE THAT’LL BE THE CASE. I THINK THAT THERE’S OBVIOUSLY BEEN A RISE IN CASES AND IT’S CLEAR THE ADMINISTRATION IS TRYING TO GET TO THE BOTTOM OF IT. I HAPPEN TO BELIEVE IT’S PROBABLY BECAUSE WE’RE BETTING AT -- BETTER AT DIAGNOSING THE PROBLEM TODAY SO WHEN YOU MAKE A COMPARISON TO CUBA, THEY PROBABLY DON’T HAVE THE ABILITY TO DIAGNOSE CASES AND I THINK THE REALITY IS FOR A LOT OF EXPECTANT MOMS AND PARENTS, THEY PROBABLY NEED TO TAKE A SECOND TO SAY, THE H.H.S. SECRETARY IS SOMEBODY WHO HAS BOASTED ABOUT HIS HEROIN ADDICTION AND TAKING THAT INSTEAD OF ADHD MEDICINE IN COLLEGE. HE BRAGS ABOUT DRINKING RAW MILK. STILL BOASTS ABOUT TAKING TESTOSTERONE INJECTIONS AT 70. A LOT OF PARENTS MAY LOOK AT THAT AND GO, THIS IS NOT A PERSON I SHOULD BE TAKING ADVICE FROM. > > IF THERE’S SIGNIFICANT BACKLASH HERE DO YOU SEE THE PRESIDENT SPLITTING WITH THE SECRETARY? WILL R.F.K. JR. STILL HAVE THE PRESIDENT’S EAR? > > I THINK THE PRESIDENT IS QUICK TO DISMISS PEOPLE IF HE BEGINS TO FEEL THEY’RE AN ALBATROSS TO HIM. I DON’T KNOW THAT THIS WILL BE THAT. I DO THINK THERE’S PROBABLY OTHER THINGS R.F.K. JR. IS LOOKING TO DO, TELLING YOU WHAT TO EAT AND DRINK IN. MANY CASES REPUBLICANS WERE THOSE WHO OPPOSE MICHAEL BLOOMBERG’S EFFORTS TO TELL PEOPLE TO GET AWAY FROM -- FROM DRINKING SODAS. SARAH PALIN WENT TO THE CONVENTION AND BROUGHT HER BIG GULP AND SAID, I STAND WITH BIG GULP. AND THEY STOOD AGAINST MICHELLE OBAMA’S EFFORTS TO TELL THEM WHAT TO FEED THEIR CHILDREN. I THINK A LOT OF THIS WILL CREATE ENOUGH PUSHBACK, THEY’LL BE LIKE THIS IS WHAT HAPPENS WHEN YOU NOMINATE A LIFELONG DEMOCRAT WHO ALSO HAPPENS TO BE THE MOST PRO-ABORTION PERSON EVER TO LEAD H.H.S. > > THE LANGUAGE FROM THE PRESIDENT TODAY WAS INTERESTING. WE SHOULD NOTE THAT MICHAEL BLOOMBERG IS THE FOUNDER AND CHAIRMAN OF BLOOMBERG L.P. YOU KNOW WHAT IT’S LIKE TO PREPARE AN ELECTED OFFICIAL TO MAKE A MAJOR ANNOUNCEMENT IN FRONT OF THE MEDIA, TO ROLL OUT A NEW PROGRAM. THE LANGUAGE THAT’S REQUIRED IN SORT OF CLAIMING THE AUTHORITY AND CREDIBILITY OF THE MOMENT. WHEN YOU HEAR DONALD TRUMP SAYS THIS BASED ON WHAT I FEEL, THAT’S MY OPINION ABOUT THE M.M.R. VACCINES, SHOULD THIS HAVE BEEN MORE FULLY BAKED IN THE COMMUNICATIONS US? > > YES. BUT AT THE SAME TIME I THINK ONE OF THE APPEALING PARTS OF PRESIDENT TRUMP TO A LOT OF VOTERS IS HE DOES SPEAK FROM THE HIP. THAT IS PART OF WHAT PEOPLE UNDERSTAND THEY’RE GETTING FROM HIM. I DO THINK IT’S -- HE OFTEN BETA TESTS ANNOUNCEMENTS. HE’LL SEE HOW THIS PLAYS. IF IT’S A NEGATIVE REACTION I THINK YOU’LL SEE HIM BACKTRACK FROM IT IF IT’S A POSITIVE REACTION HE’LL DIG IN FURTHER. > > IS HE ALLOWING HIMSELF A CHANCE TO BACK OUT? > > I THINK YOU’VE WITNESSED ENOUGH, HE HAS AN ENORMOUS ABILITY TO BACK TRACK EVEN WHEN HE SEEMS TO HAVE TAKEN A DEFINITIVE STANCE > > CHARLIE KIRK’S FUNERAL WAS HELD LAST NIGHT AT STATE FARM ARENA IN PHOENIX WE HEARD HISSY DESAY THAT SHE FORGIVES HIS KILLER. AT THE SAME TIME THE PRESIDENT SAID HE HATES HIS ENEMIES. CAN BOTH THINGS WITH TRUE? > > I THINK IT WAS REMARKABLE TESTIMONY BY ERIKA KIRK. I THINK THAT THE AMOUNT OF GRACE SHE DEMONSTRATED IN THAT MOMENT IS REMARKABLE. I THINK THAT SHE DESERVES ENORMOUS AMOUNT OF CREDIT AND SUPPORT FOR THAT. SHE’LL BE RAISING TWO CHILDREN WITHOUT A CHASM I THINK THAT PART OF PRESIDENT TRUMP’S APPEAL HAS ALWAYS BEEN THAT PEOPLE VIEW HIM AS A FIGHTER. FOR A LOT OF REPUBLICAN THEY ELECTED HIM BECAUSE THEY WANTED HIM TO COME TO D.C. AND TURN THE TABLES UPSIDE DOWN AND TO FIGHT WHAT IS D.C. I’M NOT SURE IT WAS THE APPROPRIATE VENUE FOR THAT IN LIGHT OF WHAT ERIKA KIRK’S COMMENTS, BUT I THINK THAT’S WHO TRUMP IS. > > I WANT TO BRING EVERYONE IN THE ROOM FOR THAT MOMENT. IT HAPPENED ON A SUNDAY IN PHOENIX. HERE’S PRESIDENT TRUMP FROM YESTERDAY. PRESIDENT TRUMP: THAT TERRIBLE DAY, SEPTEMBER 10, 2025, OUR GREATEST EVANGELIST FOR AMERICAN LIBERTY BECAME IMMORTAL. HE’S A MARTYR NOW FOR AMERICAN FREEDOM. > > WE HAVE TO STOP IT’S SUCH A BUSY NEWS CYCLE TO ACKNOWLEDGE THE UNPRECEDENTED NATURE OF THAT EVENT. YOU HAD ALMOST THE ENTIRE PRESIDENTIAL CABINET SPEAKING THERE, INCLUDING THE CHIEF OF STAFF. SUZY WALES, THE PRESIDENT OF COURSE THERE, CHARLIE KIRK’S WIDOW. THE IMPORTANCE OF THAT EVENT IN TERMS OF CLOSURE. I’M CURIOUS WHERE YOUR HEAD IS NOW. A COUPLE OF DAYS AGO, IT WAS A BLAME GAME. THE PRESIDENT SAID WE NEED TO BEAT THE HELL OUT OF THE RADICAL LEFT. WHAT DID YESTERDAY SERB TO THE NATION? > > NING A YOUNG CAREER, CHARLIE KIRK DID A REMARKABLE JOB BECAUSE FOR MANY YEARS CONSERVATIVES HAVE COMPLAINED ABOUT THE IMBALANCE ON COLLEGE CAMPUSES HE IDEN IF ID THAT PROBLEM AND LOOKED TO BUILD OUTREACH. I THINK WHAT HE BUILT WAS PHENOMENAL IN A SHORT AMOUNT OF TIME. I THINK IN MANY CASES, AS YOU HEARD SUZY SAY, CREDITED MUCH OF THE YOUNG MALE VOTE THAT WENT TO DONALD TRUMP. SO IT IS A REMARKABLE MOMENT. BUT THERE WERE REMARKABLE CIRCUMSTANCES. I THINK AT THE SAME TIME THOUGH, THERE HAS BEEN A LOT OF DIFFERENT MESSAGES. I THINK THAT AS THE -- AS THE PRESIDENT LOOKED TO GO AFTER DISNEY AND JIMMY KIMMEL AND I KNOW THERE’S NEWS ON THAT EVEN AS -- IN THE LAST HOUR OR SO BUT I THINK FOR COB SERVETIVES, FOR SO LONG, WE LOOKED TO LIMB THE POWER OF THE F.C.C. IT WAS THE DEMOCRATS LOOKING TO EXPAND THE POWER. IF YOU GO BACK TO THE 1980’S, REPUBLICANS WERE LOOKING TO PUSH BACK ON IT. AND THEY HAD THE FAIRNESS DOCTRINE. THAT GAVE RISE TO RUSH LIMBAUGH. REPUBLICANS SHOULD BE LOOKING TO, CANDIDLY IN TODAY’S WORLD, WHAT’S THE PUP OF THE F.C.C.? THE 1930’S WAS DIFFERENT THAN TODAY. PEOPLE GET THEIR COMMUNICATIONS IN ALL SORTS OF WAYS. WE SHOULD BE LOOKING TO ELIMINATE THAT AGENCY INSTEAD OF SAYING IT SHOULD HAVE THE POWER TO TELL ABC WHO THEY SHOULD PUT ON THE NETWORK AND WHO THEY SHOULDN’T. > > YOU MENTIONED JIMMY KIMMEL. THE NEWS THAT HE’S RETURNING TOMORROW NIGHT TO ABC. WHAT’S THE TAKEAWAY FROM THIS? DID JIMMY KIMMEL PREVAIL HERE? DID THE PRESIDENT JUST ESTABLISH THAT HE HAS THE FINAL SAY OVER FREE SPEECH? > > I DON’T KNOW THAT IT’S THAT. I THINK THAT, YOU KNOW, I MIGHT DISAGREE WITH THE DECISION, I FEEL LIKE FROM A PRIVATE COMPANY, JIMMY KIMMEL HAS SAID AND DONE ENOUGH THEY SHOULD HAVE REMOVED HIM. BUT THAT DECISION BELONGED WITH ABC. AND VIEWERS ACROSS AMERICA MAKE THE DECISION WHETHER THEY TUNE HIM IN OR TUNE HIM OUT THAT SHOULD NOT BE THE HEAVY HAND OF GOVERNMENT TRYING TO DECIDE WHAT A PRIVATE COMPANY AIRS. > > SO HE’LL BE BACK TOMORROW. DOES HE COME IN HOT? OR DOES HE -- IN A DIFFERENT MANNER? BECAUSE OF DONALD TRUMP? > > I HAVE TO BELIEVE HE’LL -- IT’LL DRIVE RATINGS, RIGHT? YOU’RE IN THE BUSINESS, I’M NOT. I GUESS SO. WE’LL MEET HERE THE DAY AFTER. THANK YOU, MARK, FOR BEING WITH US. > > THANKS FOR HAVING ME. > > MARK SHORT, FORMER CHIEF OF STAFF TO VICE PRESIDENT MIKE PENCE AND REPUBLICAN STRATEGIST. THANK YOU. U.S. TREASURY SECRETARY SCOTT BESSENT PLEDGED TO PROVIDE ALL OPTIONS FOR STABILIZATION TO PRESIDENTMY LAY TO KEEP ARGENTINA FROM FALL BACK INTO CRISIS. IN A POST ON TWITTER, BESSENT CONFIRMED SUPPORT FOR THE SOUTH AMERICAN COUNTRY WHICH CAUSED A RALLY IN ASSETS TODAY. A MEETING IS SET FOR TUESDAY WITH MORE DETAILS EXPECTED TO BE AVAILABLE SHORTLY AFTER. JOINING US NOW WITH THE DETAILS IS BLOOMBERG TREASURY REPORTER ANNA CURRAN, WHO JOINS US LIVE IN THE WASHINGTON BUREAU. ENDA. THANK YOU. TELL US A LITTLE BIT ABOUT WHAT WE’RE EXPECTING OUT OF THIS MEETING THAT’S HAPPENING BETWEEN THE TREASURY SECRETARY AND THE TWO LEADERS TOMORROW? WHAT’S THE MEN YAO OF OPTIONS FOR SUPPORT THAT THE U.S. COULD BE OFFERING HERE? > > IT’S A VERY FORCEFUL INTERVENTION BY THE TREASURY SECRETARY AND UNUSUAL IN SOME RESPECTS HE SAID IN HIS TWEETS, SO MANY OPTIONS ON THE TABLE COULD BE A SLOP LINE FOR ARGENTINA, COULD BE CURRENCIES ABOARD OR MAYBE EVEN A DOLLAR LOAN TO THE TREASURY ITSELF. THE BACK STORY IS ARGENTINA HAS BEEN HAVING A LIQUIDITY CRISIS, INVESTORS HAVE BEEN PULLING MONEY OUT AFTER PRESIDENTMY LAY’S POOR SHOWING AT LOCAL ELECTION A FEW WEEKS AGO. THIS IS SEEN AS AN EFFORT TO INJECT CONFIDENCE BACK INTO ARGENTINA. ARGENTINIAN ASSETS HAVE RISEN. TO YOUR POINT ABOUT WHAT THE U.S. WILL DO, CAN THEY PULL THE LEVER ON A SWAP LINE? I DON’T KNOW. TO THEY OFFER A DOLLAR LOAN? THE HEADLINE IS YES THE U.S. IS OFFERING SUPPORT BUT DETAILS STILL TO BE WORKED OUT. > > WE KNOW HOW THE PRESIDENT APPROACHED BRAZIL WHEN IT COMES TO TRADE. IS THIS HAPPENING BECAUSE HE CONSIDERS MILLAY A ♪ > > IT’S BECAUSE THE U.S. CONSIDERS ARGENTINA TO BE A STRATEGIC ALLY IN THE REGION AT THE MOMENT. PACK IN APRIL THEY HEPPED ARRANGE I.M.F. SUPPORT FOR ARGENTINA OF COURSE, HE WAS THERE GIVING FULL-THROATED SUPPORT TO THAT. NO DOUBT THAT THE TRUMP ADMINISTRATION IS BACKING THE MILLAY PROGRAM IN TERMS OF WHAT THEY’RE DOING. THEY HAVE ANOTHER ELECTION COMING UP OF COURSE WHICH WILL BE ANOTHER OPPORTUNITY TO CAST THAT. > > WHAT DO YOU THINK THE MARKET REACTIONS ARE THEY GETTING AHEAD OF THEMSELVESES? IS THIS JUSTIFIED BASED ON THE NEWS? > > THE U.S. TREASURY SAYING WE’RE WILLING TO STAND READY TO DO WHAT IT TAKES TO BACK ARGENTINA. MARKETS WILL RALLY. BUT THERE WERE COMPLICATIONS WITH THE DETAILS THERE. > > AND TREASURY SECRETARY BESSENT SAID EARLIER TODAY THAT ARGENTINA IS A SYSTEMICALLY IMPORTANT U.S. ALLY. WHAT DOES THAT MEAN? > > I THINK IT MEANS IN TERMS OF ITS A BUFFER AGAINST CHINA’S INFLUENCE ON THE REGION. I THINK IT’S A SOURCE OF MINERALS FOR U.S. AT A TIME WHEN THAT’S CRITICAL. AND REMEMBER IF THE U.S. WASN’T IN THE ROOM TO OFFER ARGENTINA SUPPORT, CHINA WOULD BE THERE. CHINA HAS A SWAP LINE WITH ARGENTINA, READY TO SWATCH SWAP CURRENCY IF NEEDED. SO PRESIDENT TRUMP IS MAKING IT CLEAR, THEY BACK AIR GENERAL TO TINA, THEY VIEW IT AS AN ALLY AND THEY DON’T WANT IT SLIPPING FARTHER INTO THE INFLUENCE OF CHINA. > > THANK YOU. BLOOMBERG’S ENDA CURRAN WITH US ON "BALANCE OF POWER." AMERICA NEEDS AND OVERHAUL, THE SENTIMENT FROM JOSH SHAPIRO, CAUTIONING AGAINST RISING ENERGY COSTS FOR CONSUMERS KNOW THERE’S A MASSIVE THIRST, A BIG HUNG FOR THE THIS COUNTRY, FOR MORE CLEAN, RENEWABLE ENERGY TO HELP NOT ONLY WITH OUR DAY-TO-DAY BUT ALSO TO HELP POWER THE A.I. RACE WITH DATA CENTERS SPROUTING UP AROUND THE COUNTRY. > > THIS MORNING BLOOMBERG’S TYLER KENDALL SPOKE WITH THE DEMOCRATIC GOVERNOR AND DISCUSSED PRESIDENT TRUMP’S IMPACT ON THE ENERGY SECTOR AND MORE THEY STARTED BY DISCUSSING WHY THE GOVERNOR WAS IN PHILADELPHIA TODAY. TAKE A LISTEN. > > WE’RE NEAR PHILADELPHIA WHICH IS NOT ONLY THE BIRTH PLACE OF DEMOCRACY, IT WAS HERE THAT P.J.M. STARTED 98 YEARS AGO. I THINK THIS CONVERSATION THAT WE’RE HAVING RIGHT HERE AT THE NATIONAL CONSTITUTION CENTER IS REALLY THE FIRST OF ITS KIND. OPPORTUNITY FOR PEOPLE FROM ALL 13 STATES, FROM ALL THE DIFFERENT ENTITIES THAT MAKE UP P.J.M. ARE HERE TO HAVE A CONVERSATION ON HOW WE CAN ENACT REAL REFORM SO WE CAN HOLD DOWN COSTS AND INCREASE POWER GENERATION AND GIVE STATES THE GOVERNORS AND REPRESENTATIVES OF OUR STATES, MORE OF A SAY IN THE PROCESS. P.J.M. HAS KIND OF BEEN A BLACK BOX FOR TOO MANY YEARS. AS A RESULT OF THAT, THEY’RE TOO DARN SLOW. AND THEY ARE RAISING COSTS AT REALLY AN ALARMING RATE. I THINK WHAT YOU’RE GOING TO HEAR FROM ALL THE DIFFERENT STATES TODAY, BY THE WAY, LED BY DEMOCRATS AND REPUBLICANS, IS A DESIRE TO SEE REAL REFORM AT P.J.M. I JUST KICKED OFF THE CONFERENCE HERE. I THINK FOLKS ARE READY FAR GOOD AND HONEST AND SPIRITED DISCUSSION ABOUT HOW WE FIX P.J.M. GOING FORWARD. > > GOVERNOR, SINCE YOU REFERENCED YOUR OPENING REMARKS YOU SAID IF P.J.M. REFUSES TO CHANGE WE’LL BE FORCED TO GO IN A DIFFERENT DIRECTION. DO YOU MEAN LEAVE P.J.M.? > > WE’RE WILLING TO IF P.J.M. IS UNWILLING TO ENACT REAL REFORMS. TO GIVE GOVERNORS AND OUR REPRESENTATIVES MORE OF A SEAT AT THE TABLE AND A SAY IN THESE POLICIES. SO WE CAN BOTH CONTROL COSTS AND INCREASE POWER GENERATION. LISTEN, I’M AN ALL OF THE ABOVE ENERGY GOVERNOR, OVERSEEING A STATE THAT’S THE SECOND LARGEST ENERGY PRODUCER IN THIS COUNTRY. WE NEED TO PRODUCE MORE ENERGY AS A NATION TO GIVE US MORE ECONOMIC -- IN OUR EFFORTS. IT’S SLOWED US DOWN. AT THE SAME TIME IT’S SLOWING US DOWN IT’S INCREASING COSTS. IF P.J.N. IS NOT WILLING TO LOOK IN THE MIRROR AND REFORM ITSELF I’M WILLING TO GO MY OWN WAY. PENNSYLVANIA CAN STAND ALONE IN THIS EFFORT. WE CAN PRODUCE ENOUGH ENERGY FOR US. AND WE CAN PRODUCE ENOUGH ENERGY AT A FAR QUICKER RATE THAN P.J.M. IS ABLE TO RIGHT NOW WE RECOGNIZE THAT THAT WOULD HAVE A SIGNIFICANT IMPACT ON THESE 13 STATES THAT MAKE UP P.J.M. OR THE 12 OTHER STATES I SHOULD SAY. AS WELL AS THE ENTIRE NATION. JUST GIVEN THE ENERGY DOMINANT POSITION WE’RE STANDING. IN SO OUR FIRST HOPE IS THAT THERE BE REAL REFORM. BUT MARK MY WORDS IF THEY’RE UNWILLING TO DO REAL REFORM, WE’RE WILLING TO GO IT ALONE > > WHEN WOULD YOU MAKE THAT DECISION? DO YOU HAVE A TIMELINE OR A DEADLINE THAT YOU’RE GIVING P.J.M. TO RESPOND TO THE CHANGES THAT YOU WANT TO SEE? > > LOOK, I’VE ALREADY SUED P.J.M. SUCCESSFULLY WHEN THEY TRIED TO JACK UP RATES ON PENNSYLVANIA CONSUMERS AND OTHER CONSUMERS IN THE P.J.M. GRID AREA WE WON THAT SUIT. WE WERE ABLE TO SAVE CONSUMERS NEARLY $20 BILLION IN ADDED COSTS. TODAY, WE’VE JUST EMBARKED ON THIS IMPORTANT REFORM CONVERSATION. I WANT TO SEE HOW THAT GOES. I’M NOT GIVING THEM A LONG LEASH HERE BUT I WANT TO GIVE THEM SOME TIME TO SEE IF THEY’RE WILLING TO REFORM. IF THEY MAKE CLEAR THAT THEY’RE UNWILLING TO REFORM, THEY’RE GOING TO KEEP DOING IT THEIR OWN WAY, WE’LL HAVE TO GO OUR OWN WAY. > > AND GOVERNOR, WE KNOW PART OF THIS CONVERSATION HAS TO DO WITH THE POWER CONSUMPTION RELATED TO BIG TECH AND ARTIFICIAL INTELLIGENCE, YOUR STATE HAS SECURED A $20 BILLION INVESTMENT PLEDGE FROM AMAZON FOR DATA CENTERS AS ONE EXAMPLE, HOW MUCH PAIN DO YOU THINK U.S. CONSUMERS ARE GOING TO BE WILLING TO BEAR HERE WHEN IT COMES TO THE NEED TO INVEST IN THIS CRITICAL TECHNOLOGY? > > WE HAVE THE CAPACITY TO BE ABLE TO DO BOTH HERE IN PENNSYLVANIA AT AFFORDABLE RATES. WE CAN WALK AND CHEW GUM HERE IN OUR COMMONWEALTH WE CAN ALLOW CONSUME FOR THE THEIR HOME TO BE ABLE TO FLIP THE SWITCH ON AND NOT SEE ADDED COSTS WHEN THE LIGHTS GO ON IN THEIR HOME TO KNOW THAT THE LIGHTS ARE GOING TO GO ON ON THE HOTTEST DAYS OF SUMMER AND THE COLDEST DAYS OF WINNER. AT THE SAME TIME WE CAN BE OPEN FOR BUSINESS AND LAND IS -- AS YOU NOTED, AN INITIAL KILO#-RS BILLION INVESTMENT FROM AMPLE W.S. TO BUILD OUT DATA CENTERS. WE’VE GOT OTHER MAJOR ECONOMIC DEVELOPMENT ANNOUNCEMENTS THAT ARE ON THE WAY. I THINK ENERGY IS A CRITICALLY IMPORTANT COMPONENT TO ANY OF THESE BIG ENERGY DEALS. WHAT WE’RE DOING HERE IN PENNSYLVANIA IS TURNING ON ENERGY SOURCES LIKE WE DID AT THE OLD THREE MILE ISLAND. WE’RE CONVERTING OLD COAL FIRED POWER PLANTS INTO NATURAL GAS RUN POWER PLANT $CLEANER AND NOW ABLE TO PRODUCE NEW ENERGY ONTO THE GRID. THE PROBLEM IS, WE’RE MOVING QUICKLY IN PENNSYLVANIA, BUT P.J.M. TOO OFTENTIMES IS SLOWING US UP. I NO LONGER WANT TO BE CONSTRAINED BY P.J.M. MOVING NOT AT THE SPEED OF BUSINESS BUT TOO DARN SLOW. IF THEY CAN’T MOVE QUICKLY, IF HAY CAN’T REFORM THEMSELVES, WE’RE GOING TO FIGURE OUT HOW TO DO THIS ON OUR OWN. ECONOMIC DEVELOPMENT IN THE COMMONWEALTH OF PENNSYLVANIA IS DIRECTLY TIED TO ENERGY GENERATION, WHICH IS ALSO DIRECTLY TIED TO KEEPING CONSUMER COSTS DOWN. WE NEED TO DO ALL OF IT WE NEED TO DO IT QUICKLY. > > AND GOVERNOR, BIG TECH COMPANIES SAY THEY WANT TO PAY THEIR FAIR SHARE WHEN IT COMES TO THIS. WHAT WOULD THAT LOOK LIKE IN PRACTICE? > > MAKING SURE THAT THEY INVEST IN CREATING NEW ENERGY OR PAYING FOR THE ENERGY THEY USE ON THE GRID. IF THE GRID HAS CAPACITY FOR BOTH THEM AND CONSUMERS AND OTHER BUSINESSES. THAT’S THE KIND OF DEALS WE NEGOTIATE HERE IN PENNSYLVANIA. > > IN THE FINAL MINUTES WE HAVE WITH YOU, PRESIDENT TRUMP LAST MONTH SAID HIS ADMINISTRATION WILL NOT APPROVE SOLAR OR WIND POWER PROJECTS, THIS IS PART OF THE BID TO TIE IN THE FEDERAL PERMITTING PROCESS AROUND RENEWABLES. HAS THIS CHANGED YOUR STRATEGY IN PENNSYLVANIA WHICH IS A TOP ENERGY PRODUCING STATE? > > LOOK, I’M AN ALL OF THE ABOVE ENERGY GOVERNOR. I WISH THE PRESIDENT WAS AN ALL OF THE ABOVE ENERGY PRESIDENT. THE PRESIDENT’S ACTIONS ARE MAKING IT HARDER FOR US HERE IN PENNSYLVANIA. IN FACT, AS A RESULT OF CUTTING A BUNCH OF TAX CREDITS FOR CLEAN ENERGY PROJECTS THE PRESIDENT IS PUTTING 26,000 PENNSYLVANIA JOB, MOSTLY UNION TRADE JOBS, AT RISK OF BEING LOST WHEN THESE PROJECTS SHUT DOWN. I MEAN, I DON’T KNOW WHY HE’S TRYING TO MAKE IT HARDER FOR US TO YEN RATE ENERGY. WE SHOULD GENERATE SOLAR AND WIND ENERGY, NATURAL GAS ENERGY, AND OTHER NUCLEAR AND OTHER FORMS OF ENERGY. I DON’T KNOW WHY HE’S TAKING THESE STEPS THAT ARE MAKING IT HARDER FOR US IN PENNSYLVANIA. I’M A GOVERNOR THAT WANTS TO UNLEASH OUR FULL POTENTIAL. WE DO THAT BY HAVING A FULL RANGE OF ENERGY OPTIONS AVAILABLE. I THINK THE PRESIDENT’S POLICIES ARE MISGUIDED. > > THAT WAS DEMOCRATIC GOVERNOR JOSH SHAPIRO OF PENNSYLVANIA EARLIER TODAY ON BLOOMBERG TV AND RADIO. P.J.M. HAS RESPONDED TO THE GOVERNOR SAYING, QUOTE, WE THANK OUR GOVERNORS FOR HOLDING A THOUGHTFUL DISCUSSION ON THE CHALLENGES SHAPING OUR SHARED ENERGY FUTURE. MEETING THE DEMANDS OF A RAPIDLY CHANGING ENERGY LANDSCAPE WILL REQUIRE SOLUTIONS THAT EXTEND BEYOND ANY ONE INSTITUTION. IT WILL P.J.M., THE INDUSTRY AND ESPECIALLY OUR STATES ALL WORKING IN CONCERT. P.J.M. WILL CONTINUE TO FULFILL ITS MANDATE OF MAINTAIN REGULAR LIABILITY AS COST EFFECTIVE MANNER AS NOBLE 67 MILLION PEOPLE WE SERVE, UNQUOTE. THE PRIME MINISTER OF POELAND SAYS HIS COUNTRY IS PREPARED TO SHOOT DOWN FOREIGN AIRCRAFT THAT CROSS INTO ITS TERRITORY WITHOUT AUTHORIZATION AFTER A SERIES OF RUSSIAN INCURSIONS INTO ITS AIR SPACE OVER THE LAST FEW WEEKS. THE PRIME MINISTER STELLING -- TELLING REPORTERS, QUOTE, WE WILL MOST CERTAINLY TAKE DECISIONS TO SHOOT DOWN FLYING OBJECT WHENCE THEY VILE OUR TERRITORY AND FLY OVER POLAND. THERE’S NO ROOM FOR DISCUSSION HERE, UNQUOTE. > > TUSK SAID THAT JUST AS THE U.N. GENERAL ASSEMBLY BEGAN TO CONVENE IN NEW YORK. JOINING US LIVE NOW IN OUR WASHINGTON BUREAU IS JENNIFER WELCH OF BLOOMBERG ECONOMICS. JENNY, TELL US WHAT’S THE NEWS THAT YOU ARE EXPECTING OUT OF THIS YEAR’S SUMMIT, THIS IS THE 80TH SUMMIT SINCE THE U.N. WAS FOUNDED. > > I THINK A LOT OF PEOPLE WILL BE PAYING PARTICULAR ATTENTION TO PRESIDENT TRUMP’S REMARKS TOMORROW TO THE CENT ASSEMBLY. IN THE PAST HE’S USED THE SPEECH TO CRITICIZE THE INSTITUTION AND ALSO SAY HOW THE U.S. WILL APPROACH IT. THIS IS THE U.S. ANNOUNCING MAJOR CUS AND STEPPING BACK FROM A THE YOU REMEMBER -- FROM A KEY NUMBER OF AGENCIES AND INSTITUTIONS. WE’RE WAITING FOR POSSIBLE FURTHER CUTS TO SOME GROUPS THAT DEPEND ON THE U.S. FOR FUNDING. > > WE REMEMBER PRESIDENT TRUMP GETTING LAUGHTER WHEN HE WAS MAKING BOASTFUL COMMENTS FROM THE SPEAKER’S ROSTRUM AT THE U.N. HE’S KNOWN TO MAKE A BELLICOSE SPEECH EVERY DOW N.O.W. AND THEN. HE COULD MAKE NEWS ON A LOT OF ISSUE, INCLUDING GAZA, HAVING SEEN A NUMBER OF G-7 NATIONS ACKNOWLEDGE A STATE, TO OTHERS. > > I’M SURE HE’LL TOUCH ON ALL THESE, INCLUDING VENEZUELA AND LATIN AMERICA, ESPECIALLY GIVEN OPERATIONS OF COUNTERMARKETS. ON RUSSIA WHAT WILL BE INTERESTING IS THE LINE HE STRIKES GIVEN THE INCURSIONS RUSSIA HAS MADE INTO NATO AIR SPACE, DESPITE TRUMP’S OWN SUMMIT DIPLOMACY TRYING TO BRING AN END TO IT. AND THE DEBATE AROUND THE MOST RECENT SANCTIONS PACKAGED THE PATIENTS’ BILL OF RIGHTS ON THE UNITED STATES TO JOIN THEM. > > OVER THE WEEKEND WE SAW THE U.K., CANADA AND AUSTRALIA ANNOUNCE THEIR SUPPORT OR THEIR RECOGNITION RATHER FOR A PLASTEINIAN STATE. HAVE WE HEARD THE RESPONSE FROM THE U.S.? WHAT SORT OF TONE IS THAT EXPECTED TO HAVE OVER THE PROCEEDINGS THIS SNEAK > > THE U.S. IS SEEKING TO ITS POSITION OF, FOR EXAMPLE, NOT PARTICIPATING IN SOME OF THE -- NOT JUST THE RECOGNITION OF PALESTINIAN STATEHOOD BUT SOME OF THE INTERNATIONAL CONFERENCES THAT WERE THE REED UP TO THE ACTIONS OVER THE WEEKEND. I THINK WE’RE LIKELY TO SEE PRESIDENT TRUMP GIVE A PRETTY VOCAL DEFENSE OF ISRAEL TOMORROW IN LINE WITH HIS PAST FOREIGN POLICY STATEMENTS AND THEN ISRAELI PRIME MINISTER NETANYAHU WHEN HE SPEAKS TO THE ASSEMBLY LATER THIS WEEK COMING OUT WITH A VOCAL CON TELL NATION OF THESE:S FROM ISRAEL’S PERSPECTIVE IT WOULD SEE THESE AS SYMBOLIC ACTIONS THAT IF ANYTHING JUST GIVE HAMAS A WAY OUT AND SORT OF CREDIT FOR -- OR GIVE HAMAS AN OPPORTUNITY TO NOT TAKE RESPONSIBILITY FOR WHAT HAPPENED ON OCTOBER 7. IT’S SORT OF A REWARD IS HOW ISRAEL HAS PAINED IT. > > WE’LL BE SPEAKING JOE: WE WILL BE SPEAKING IN A MOMENT WITH ESTONIA'S FOREIGN MINISTER AFTER RUSSIAN AIRCRAFT FLEW INTO ESTONIA'S AIRSPACE. WE SAW THE SAME THING HAPPEN IN POLAND. WILL THIS TAKE ON A GREATER LENGTH UNDERWAY WITH AMERICANS IN THE ROOM > > I AM SURE IT IS SOMETHING WE WILL HEAR MEMBERS RAISING OVER THE COURSE OF THE WEEK, NATO HAS EXPERIENCE AS YOU MENTIONED IT IN THE PAST WEEK. RUSSIA IS TASTING NOODLES BOUNDARY AND THERE WILL PROBABLY KEEP DOING IT. JOE: WITH THAT SAID, THANK YOU FOR YOUR EXPERTISE AS ALWAYS. JENNIFER WELCH OF BLOOMBERG ECONOMICS. : SPRY MINISTER IS TAKING A HARD STANCE ON INVASIONS INTO ITS AIRSPACE. IT SHOULD BE NOTED IT IS ESTONIA WHOSE AIRSPACE WAS BREACHED BY RUSSIA, HAPPENING A COUPLE OF DAYS AGO, WITH ESTONIA INVOKING ARTICLE FOUR OF NATO'S TREATY IMMEDIATELY AFTER. ESTONIA'S LEADERS, ISSUING A WARNING TO RUSSIA AND TO THE WORLD. > > THEY REMAIN IN NATO SKIES FOR 12 MINUTES, PENETRATING DEEP INTO ESTONIAN AIRSPACE, COVERING 100 KM INSIDE ESTONIA IN SOVEREIGN TERRITORY. THIS IS A DANGEROUS ESCALATION. IT WAS THE FOURTH VIOLATION OF ESTONIA'S AIRSPACE BY RUSSIA THIS YEAR. JOE: RUSSIA HAS SO FAR AND THE AIRSPACE OF THREE OF NATO'S 32 MEMBERS. JOINING US WITH MORE INSIGHT INTO THE VIOLATION IS THE LEADER YOU JUST HEARD SPEAKING THERE. ESTONIA'S FOREIGN MINISTER. WE WELCOME YOU TO BLOOMBERG TV AND RADIO. WHAT IS VLADIMIR PUTIN UP TO? WHY DID HE FLY INTO YOUR AIRSPACE? > > YES, INDEED, WE HAVE HAD SEVERAL VIOLATIONS OF ESTONIAN AND NATO AIRSPACE. I THINK PUTIN IS PLAYING WITH FIRE. BECAUSE NATO RESPONDED IN A SOLID WAY. THIS TIME WE ESCORTED THREE FIGHTERS OUT OF ESTONIA AIRSPACE. AS AS WELL AS THE POLISH PRIME MINISTER TODAY IN THE MEETING SAID THAT PUTIN'S PLAYING WITH FIRE AND NEXT TIME IF WE SEE AN IMMEDIATE THREAT TO OUR TERRITORY OR TO US, IT CAN BE DIFFERENT. PUTIN IS TRYING TO ESCALATE AND ALSO TRYING TO TEST OUR UNITY AND CAPABILITIES BUT HE IS FAILING. > > WHAT HAVE WE LEARNED IN THE ARTICLE FOR REVIEW? DID NATO ACT AS DESIGNED? > > ARTICLE FOUR IS AN OPPORTUNITY FOR THE MEMBER STATES TO CALL FOR POLITICAL CONSULTATIONS. WE HAVE CALLED ARTICLE FOUR AS WELL. THIS TIME TOMORROW THERE WILL BE A GATHERING OF THE NATO COUNCIL AND OF COURSE THE FIRST THING IS TO SHOW UNITY AMONGST NATO MEMBER STATES BECAUSE PUTIN WANTS TO TEST ESPECIALLY THE UNITY BETWEEN EUROPE AND THE U.S. BUT WE ARE UNITED. THE SECOND THING WE ARE EXPECTING AS WELL IS MORE PRACTICAL DECISIONS BECAUSE AFTER THE ATTACK AGAINST POLAND JUST A COUPLE DAYS BEFORE ARTICLE FOUR WAS CALLED AND THE NATO MISSION WAS ESTABLISHED, THIS EASTERN CENTURY MISSION IN THE MIDDLE OF MILITARY PLANNING, SO WE DO EXPECT THESE AS WELL TO INCREASE MILITARY CAPABILITIES IN OUR EASTERN FLANK. WE ARE TAKING THE FIRST RESPONSE . JOE: WE SHOULD NOTE THE MINISTER IS JOINING US FROM THE U.N. IN NEW YORK WHICH IS WHY HE IS OUTDOORS AND YOUR HEARING HELICOPTERS. WE ARE FAMILIAR WITH THE HISTORY INVOLVING ESTONIA AND RUSSIA. THE FORMER SOVIET UNION, IF YOU ARE OF AN OLD ENOUGH AGE. THERE ARE MANY IN YOUR COUNTRY WHO STILL REMEMBER THE INVASION AND THE OCCUPATION/ANNEXATION IN 1940. FAST-FORWARD TO 2025, DOES ESTONIA FEEL SECURE AS A FRONTLINE COUNTRY IN THE NATO ALLIANCE? > > YES, OF COURSE. WE REMEMBER HOW IT WAS TO BE OCCUPIED 50 YEARS. WE LOST EVERY FIFTH ESTONIAN BY KILLINGS. EVERYTHING HAPPENED EXACTLY THE SAME WAY, WHAT WE SAW NOW IN UKRAINE AND OCCUPIED TERRITORIES. WE WILL NEVER RECOGNIZE ANY KIND OF DE FACTO OCCUPATIONS BECAUSE WE KNOW THE PRICE. BUT NOW WE DECIDED AFTER REGAINING INDEPENDENCE IN 1991 TWO THINGS, WE WILL FIGHT BACK IF AGGRESSION IS COMING. WE DID NOT DO IT IN 1940. THE SECOND THING IS WE WILL NEVER BE ALONE AGAIN. THIS IS EXACTLY WHAT WE SEE AS A MEMBER OF NATO AND THE EUROPEAN UNION. AS WELL TODAY AND THE UNITED NATIONS WE GOT LOTS OF SUPPORT BY DIFFERENT COUNTRIES GLOBALLY BECAUSE TERRITORIAL INTEGRITY PRINCIPLES ARE IMPORTANT NOT JUST FOR EUROPE AND NEIGHBORING COUNTRIES BUT ALSO GLOBALLY. IF YOU ASK ME HOW WE FEEL, WE KNOW RUSSIANS WHILE. WE HAVE BEEN LIVING WITH THEM THOUSANDS OF YEARS AND WE KNOW WHAT MAY COME BUT WE ARE PREPARED. I WAS A DEFENSE MINISTER OF ESTONIA WHERE WE SAW 120,000 TROOPS READY TO GO WITHIN 48 HOURS ON THE OTHER SIDE OF THE BREAK OF BUT WE DID NOT HAVE SUCH A SCALE OF NATO TROOPS AND U.S. TROOPS AND OUR TERRITORIES AND NOW THESE TROOPS ARE SENT TO UKRAINE AND THEY ARE LITERALLY DEAD. RUSSIA STARTED IN UKRAINE. THERE WILL NOT -- THEY WERE NOT SUCCESSFUL THERE AND THEY ARE TESTING US. BUT WE FEEL SAFE. SAFER THAN EVER BEFORE. > > ESTONIA IS ONE OF THE HIGHEST PAYING NATO MEMBERS ON DEFENSE SPENDING. 5.4% OF GDP. WHERE DO YOU PRIORITIZE THAT MONEY, IS IT AIR DEFENSE? > > INDEED, ESTONIA IS INCREASING THE DEFENSE BUDGET TO UP TO MORE THAN 5%. WE HAVE INCREASED IT ALREADY. THIS YEAR IT WAS MORE THAN 3%. ALL INVESTMENTS ARE BASED ON THE NATO REGIONAL DEFENSE PLANS THAT WE TALKED ABOUT YEARS AGO DURING THE NATO SUMMIT. WHAT CHANGES IS THE CONCEPT. WE DON'T LET RUSSIA INTO OUR TERRITORIES. WE WILL BE READY TO HIT RUSSIA TO ELIMINATE THE MILITARY OBJECTS AND THE SUPPORT OR THE AGGRESSION AGAINST NATO. WHAT WE SEE RUSSIA IS USING IN UKRAINE, UKRAINE IS VERY SUCCESSFUL USING THE NEW LEVEL OF DEFENSE CAPABILITIES. BUT OF COURSE WE NEED AIR DEFENSE AND TRADITIONAL LEVEL OF CAPABILITIES BUT MOSTLY AS WELL WE NEED NATO UNITY AND NATO TROOPS INTEGRATED INTO OUR MILITARY. THAT'S WHAT WE ARE WORKING HEAVILY AND INCREASINGLY IN INCREASING DEFENSE FINDINGS. I AM HAPPY AS ALL THAT FINALLY ALL THE NATO MEMBERS ACCEPTED THE 5% BOOM FOR THE NEXT YEARS BUT WE SEE THAT EUROPE IS PAYING A LOT MORE AND INVESTING HEAVILY. 10 YEARS AGO I THINK IT WAS THE CORRECT AND RIGHT TIME BUT IT IS A GOOD THAT WE ARE DOING IT NOW. JOE: HOW CONCERNED ARE YOU AROUND THE PENTAGON CUTTING FUNDING FOR THE BALTIC SECURITY INITIATIVE? CAN YOU AND YOUR PARTNERS IN EASTERN EUROPE MAKE UP THE DIFFERENCE? > > YES, OF COURSE. WE ARE CONCERNED BUT WE ARE WORKING WITH CONGRESS AND EXPLAINING AS WELL THAT EVERY DOLLAR THAT THE U.S. INVESTS INTO BALTIC DEFENSE, ALL THIS MONEY GOES BACK TO THE U.S. ECONOMY. AND WE ARE WRITING AS WELL -- ADDING AS WELL FOR ONE DOLLAR, $12 ON OUR SIDE. SO IT IS A GOOD DEAL FOR THE U.S. AS WELL. WE HOPE CONGRESS WILL CONSIDER THE MILITARY INVESTMENTS TO THE BALTIC REGION AND CONTINUES IN THE FUTURE, BECAUSE WE NEED THIS KIND OF SUPPORT. BUT OF COURSE AS I MENTIONED BEFORE, WE ARE HEAVILY INCREASING OUROWN DEFENSE INVESTMENTS -- OUR OWN DEFENSE INVESTMENTS, SUPPORTING BALTIC STATES' MILITARY LEVEL. IT IS ALSO USEFUL FOR THE U.S. ECONOMY AND STRENGTHENS OUR TIES BETWEEN EACH OTHER. > > MINISTER, ARE YOU CONFIDENT PRESIDENT HAS YOUR SECURITY INTERESTS FRONT OF MIND? > > I AM ABSOLUTELY CONVINCED PRESIDENT TRUMP IS KEEPING HIS WORD. HAS REPEATED -- HE HAS REPEATED IT PUBLICLY, IN THE HAGUE, HE WILL BE COMMITTED TO NATO ARTICLE FIVE. WE WORK EVERY DAY WITH THE U.S. ON THE NATO AND MILITARY LEVEL AND TODAY IS WILL AND THE UNITED NATIONS SECURITY COUNCIL, U.S. AMBASSADOR WAS CLEAR ON THAT, THE U.S. WILL PROTECT ESTONIA, THE BALTIC STATES, THE REGION, THE U.S. WILL BE COMMITTED TO NATO ARTICLE FIVE. SO I HAVE NO REASONS TO THINK THE OTHER WAY AROUND. > > ESTONIA'S FOREIGN MINISTER, THANK YOU. COMING UP, A COMMITTEE REJECTED THE LAST BID TO BUILD A CASINO PROJECT ON MANHATTAN'S EASTSIDE. WE WILL BRING IN THE DETAILS. AND THE WHITE HOUSE SAYS DOCTORS MAY WIN A REPRIEVE FROM THE H-1B VISA FEE. . WE WILL DISCUSS WITH OUR POLITICAL PANEL NEXT ON "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO. JOE: THIS IS "BALANCE OF POWER" ON BLOOMBERG TV AND RADIO. WE WILL TURN BACK TO JIMMY KIMMEL'S TV SHOW WITH OUR POLITICAL PANEL IN A MOMENT BUT FIRST THE STORIES WE ARE WATCHING TODAY. AN OR STUD BACKED WHEN FAR -- ORSTED BACKED WINDFARM VENTURED WAS TOLD THEY COULD CONTINUE THEIR WORK. . THEY WERE ISSUED A STOP WORK ORDER BY THE ADMINISTRATION ON AUGUST 22 DESPITE CONSTRUCTION BEING 80% COMPLETE. THEY BLOCKED THE ORDER TO PREVENT IRREPARABLE HARM TO THE COMPANY'S FINANCES AND REPUTATION. RHODE ISLAND AND CONNECTICUT FILED THEIR OWN SUIT IN FAVOR OF THE VENTURE THAT THEY ARE RELYING ON TO POWER HUNDREDS OF THOUSANDS OF HOMES. THESE CASES HAVE KICKED OFF A BROADER BATTLE OVER PRESIDENT TRUMP'S LEGAL OPPOSITION TO WIND POWER. > > EARLIER TODAY A COMMITTEE OF NEW YORK STATE CITY OFFICIALS REJECTED THE FINAL BID FOR A MANHATTAN CASINO. THE BID PROPOSED BY LANDLORD MOHEGAN PITCHED IN $11.2 BILLION CASINO PROJECT ON MANHATTAN'S EAST SIDE NEAR THE UNITED NATIONS HAS QUARTER -- HEADQUARTERS. IT WAS MET BY A BY LOCALS WHO FEARED THE PROJECT WOULD INCREASE TRAFFIC OR EXACERBATE ISSUES LIKE GAMBLING ISSUES AND DRUG USE. THEIR TURN IN THEIR EYES TO WHAT EXISTING RACETRACKS THAT ALREADY ALLOW SLOT MACHINES LIKE ONES IN QUEENS AND YONKERS. JOE: AND NVIDIA ANNOUNCING TO THE COMPANY WILL INVEST AS MUCH AS $100 BILLION INTO OPENAI TO SUPPORT NEW DATA CENTERS AND OTHER ARTIFICIAL INTELLIGENCE INFRASTRUCTURE. THE INVESTMENT IS MEANT TO HELP OPENAI BILL DATA CENTERS WITH A CAPACITY OF 10 GIGAWATTS OF POWER, EQUIPPED OF COURSE WITH NVIDIA'S ADVANCED CHIPS TO TRAIN AND DEPLOY AI MODELS. THE COMPANY, ANNOUNCING THE AGREEMENT TODAY, SENDING THE STOCK SOARING. PROVIDING THE MONEY IN STAGES, WHILE RECEIVING OPEN AI EQUITY AS PART OF THE DEAL. FINALLY THIS AFTERNOON, DISNEY ANNOUNCING JIMMY KIMMEL LEVEL RETURN TO AIR TOMORROW, ENDING A SUSPENSION THAT WAS IMPOSED FOLLOWING CONTROVERSIAL REMARKS THE LATE-NIGHT HOST MADE ABOUT THE ASSASSINATION OF REPUBLICAN ACTIVIST CHARLIE KIRK. DISNEY COMMENTED ON THE DECISION IN A STATEMENT SAYING IN PART, IT IS A DECISION WE MADE BECAUSE WE FELT SOME OF THE COMMENTS WERE ILL-TIMED AND INSENSITIVE. WE HAVE SPENT THE LAST DAYS HAVING SEVERAL CONVERSATIONS WITH JIMMY AND AFTER THOSE CONVERSATIONS REACHED THE DECISION TO RETURN THE SHOW ON TUESDAY. KIMMELL WILL ADDRESS THE CONTROVERSY WHEN HE RETURNS TO THE STAGE, ACCORDING TO PEOPLE WITH KNOWLEDGE OF THE MATTER WHO ASKED NOT TO BE IDENTIFIED. JOINING US WITH THEIR REACTION TO THESE STORIES AND MORE IS THIS EVENING'S POLITICAL PANEL, RICK DAVIS, PARTNER AT STONECOURT CAPITAL, AND REPUBLICAN STRATEGIST, ALONGSIDE JEANNE SHEEHAN ZAINO, VISITING FELLOW AT HARVARD KENNEDY SCHOOL'S ASH CENTER. GREAT TO HAVE YOU BOTH WITH US. HOW ARE YOU READING THIS? WAS IT A WIN FOR PRESIDENT TRUMP HE GOT JIMMY KIMMEL OFF THE AIR TO BEGIN WITH OR A WIN FOR CAMEL THAT HE IS COMING BACK? JEANNE: I THINK DONALD TRUMP, I AM WAITING TO HEAR IF HE SAYS ANYTHING IN THE PRESS CONFERENCE. I THINK HE WILL SEE THIS AS A LOSS AND A CAKE IN HIS FACE IF YOU WILL. I THINK JIMMY KIMMEL'S NUMBERS WILL PROBABLY BE HIGHER THAN EVER TOMORROW NIGHT, BECAUSE HIS NUMBERS HAVE NOT BEEN THAT GREAT. BUT I THINK A LOT OF PEOPLE WILL TUNE IN TO SEE WHAT HE SAYS. THIS IS A CLASSIC CASE OF OVERREACH ON THE PART OF THE ADMINISTRATION. WHAT ABC AND DISNEY DOES WITH ITS TALENT IS ITS BUSINESS. BUT FOR THE HEAD OF THE FCC, TO GO OUT AND USE THAT KIND OF REALLY SORT OF OVERREACH LANGUAGE, AND TED CRUZ HAD SOME CHOICE WORDS TO SAY ABOUT IT, TO SUGGEST THE GOVERNMENT IS GOING TO STEP IN AND STRONG-ARM THE COMPANY AND LOOK AT ITS CONTENT, THAT WAS A STEP TOO FAR FOR MOST PEOPLE WHETHER THEY ARE SUPPORTERS OF JIMMY KIMMEL ARE NOT. -- JIMMY KIMMEL OR NOT. > > WHAT DO YOU THINK WE ARE GOING TO HEAR FROM JIMMY KIMMEL? DOES HE APOLOGIZE? DOES HE HIT DONALD TRUMP HARD? WHAT IS YOUR EXPECTATION? RICK: I THINK THERE WILL BE A LITTLE CONTRITION AS IT RELATES TO THE TONE HE TOOK RELATED TO CHARLIE KIRK. BUT I THINK THAT IS IT. HE WILL THEN GO BACK TO BEING JIMMY KIMMEL. I DO NOT THINK HE WOULD WANT TO LOOK LIKE HE WAS BENDING THE KNEE TO INTIMIDATION BY THE ADMINISTRATION. BUT THERE IS NO TELLING WHAT THE CORPORATE EXECUTIVES TOLD HIM TO DO. I AM SURE THEY HAVE THEIR OWN REASONS TO WANT TO KEEP HIM ON TV. AND WE SAW QUITE AN OUTCRY OF OVER 400 CELEBRITIES WRITING A LETTER TO DISNEY. THEY ARE IN A TOUGH SPOT BECAUSE THEY ARE TRYING TO DO WORK WITH THE GOVERNMENT VIA THESE MERGERS. SO IT WILL BE INTERESTING. I INTEND TO WATCH BECAUSE I AM AS CURIOUS AS EVERYBODY AND THAT WILL GIVE THEM A BIG RATINGS BOOST, A LOT OF PEOPLE ARE PROBABLY THINKING, I WONDER WHAT JIMMY IS UP TO TONIGHT. JOE: HE WILL HAVE A BIG RATINGS WAS ON THE FIRST NIGHT BACK AT LEAST, I PRESUME. YOU MENTIONED WHAT TED CRUZ HAD TO SAY ON HIS PODCAST, I THINK IT'S IMPORTANT FOR EVERYBODY TO LISTEN BECAUSE THIS WAS LATE ON A FRIDAY, LET'S LISTEN TO THE SENATOR FROM TEXAS. > > JIMMY KIMMEL HAS MOCKED ME SO MANY TIMES, I CANNOT COUNT. THE CORPORATE MEDIA IS DISHONEST, THEY ARE LIARS. I HATE WHAT JIMMY KIMMEL SAID. I AM THRILLED THAT HE WAS FIRED. BUT LET ME TELL YOU, IF THE GOVERNMENT GETS IN THE BUSINESS OF SAYING, WE DON'T LIKE WHAT YOU, THE MEDIA, HAVE SAID, WE ARE GOING TO BAN YOU FROM THE AIRWAVES IF YOU DON'T SAY WHAT WE LIKE -- THAT WILL END UP BAD FOR CONSERVATIVES. JOE: I'M JUST CURIOUS, AS A CONSERVATIVE REPUBLICAN HERE ON OUR PANEL, JEANNE, I'D LIKE TO HEAR FROM YOU AS WELL, HOW MUCH OF THE REPUBLICAN IS TED CRUZ SPEAKING FOR THERE? RICK: I THINK A LOT. FOR THE MAJORITY OF MY TIME IN ELECTIVE POLITICS, WE WERE THE MINORITY VOICE ON TELEVISION. OUR GUYS HAD TO WORK HARDER TO TRY TO GET ON. WHEN YOU LOOK AT HOW MANY DEMOCRATS RUN THE SHOWS VERSUS REPUBLICANS, IT IS 50-1. SO YEAH, THERE'S A BIAS, AND NOW THAT A LOT OF MEDIA IS AS BIFURCATED AS THE POPULATION, THERE ARE STILL ONLY A FEW GOOD OUTLETS FOR CONSERVATIVES TO SPEND THEIR TIME ON. WE WANT AN EVEN STEPHEN DEAL. JOHN MCCAIN WAS INSULTED BY MANY OF THESE GUYS BUT HE KNEW HE WOULD BE TALKING TO A BROADER AUDIENCE AND THAT IS THE KIND OF ETHIC WE SHOULD HAVE. OPEN UP TO ANY VOICE THAT IS INTERESTING AND HAS SOMETHING TO SAY THAT WILL MAKE AMERICA GET ON A GOOD PATH. I THINK TED CRUZ IS SPOT ON. BE CAREFUL WHAT YOU ASK FOR. THIS WILL ALL WORK AGAINST YOU AT SOME POINT. ALL POLITICS IS CYCLICAL. > > AND JEANNE, WHAT IS YOUR TAKE ON THIS, IS TED CRUZ A FREE-SPEECH WARRIOR NOW? JEANNE: I THINK HE IS REFLECTIVE OF MANY CONSERVATIVES, AS RICK JUST TALKED ABOUT, TRADITIONAL CONSERVATIVES. WE HEARD SOMETHING SIMILAR FROM RAND PAUL ON THE SUNDAY SHOWS THIS WEEKEND. OTHER CONSERVATIVES, INCLUDING OF COURSE CHARLIE KIRK, WHO WAS FAMOUSLY VERY ADAMANT ABOUT THE RIGHT TO FREE SPEECH AND OPENED THAT UP TO SO MANY, PARTICULARLY YOUNG PEOPLE. THAT SAID, I DO THINK THERE'S A LARGER STORY HERE WHICH IS ABOUT WHAT HAPPENS TO THE MASS MEDIA OVERALL AND IS THERE ANY SUCH THING GOING FORWARD? THAT IS NOT TO SAY THAT THIS ONE INCIDENT WOULD BE THE DEATH NOTE BUT CAN YOU REALLY MAKE A BUSINESS OUT OF MASS MEDIA TODAY WHEN PEOPLE HAVE SO MANY CHOICES AND PEOPLE WHO DO NOT FEEL THEY ARE BEING SERVED IN ONE THEN YOU HAVE -- ONE VENUE HAVE A CHOICE TO GO SOMEPLACE ELSE? THEY HAVE BEEN THE BASTION OF MORE LIBERAL COMMENTARY AND OF COURSE CONSERVATIVES HAVE CREATED TO GO. SO HOW LONG CAN A COMPANY LIKE DISNEY, ABC KEEP THIS UP TRYING TO SERVE A MASS AUDIENCE? I'VE GOT TO IMAGINE THAT BOB IGER IS PULLING HIS HAIR OUT TODAY BECAUSE IT IS ALMOST A NO WIN SITUATION. THEY TOOK THIS PAUSE AND THEY PUT JIMMY KIMMEL BACK ON FOR TOMORROW AND HE IS GOING TO BE HIT AT EVERY SIDE TRYING TO APPEAL AT A BROUGHT -- APPEAL TO A BROAD AUDIENCE. IT IS DIFFICULT IN THE MEDIA TODAY. > > I WANT TO TALK ABOUT ANOTHER BIG STORY FROM OVER THE WEEKEND ABOUT AN ANNOUNCEMENT FROM THE WHITE HOUSE ON H-1B VISAS, HAVING TO PAY $100,000 AND EMPLOYERS WOULD HAVE TO PAY THIS. WE HEARD FROM THE PENNSYLVANIA GOVERNOR JOSH SHAPIRO ON THIS. > > THE PRESIDENT'S IMMIGRATION POLICIES COMBINED WITH HIS TARIFF POLICIES ARE MAKING IT HARDER FOR US TO COMPETE IN DRIVING UP THE COST OF GOODS IN THIS COMMONWEALTH AND CROSSES COUNTRY. I THINK WHAT THE PRESIDENT IS DOING IS HARMING AMERICA AND ISOLATING AMERICA AND MAKING IT HARDER FOR WORKERS HERE IN PENNSYLVANIA FROM FARMLANDS TO OUR UNIVERSITIES. > > RICK, THE GOVERNOR'S COMMENTS, ECHOING WHAT WE HAVE ALSO HEARD FROM A LOT OF COMPANIES, SAYING THEY ARE CONCERNED ABOUT THIS, SOME OF THEM SAYING THAT WE SUPPORT CHANGES TO THE IMMIGRATION SYSTEM BUT THAT THIS IS NOT THE RIGHT WAY TO APPROACH IT. AND THE WHITE HOUSE TODAY INDICATING THAT DOCTORS FOR EXAMPLE MAY BE EXEMPT FROM THIS. TO RECOGNIZE AN ISSUE IN ONE TYPE OF SECTOR OF THE ECONOMY. DO YOU THINK WE WILL SEE MORE BLUE-BLACK LIKE THIS -- BLOWBACK LIKE THIS? RICK: IT WILL DEPEND ON HOW THE IMPLEMENTATION OF THIS REALLY WORKS. H1B VISAS HAVE BECOME THE DOMAIN OF THE TECH WORKERS. AND IF THERE IS A TARIFF ON THE GIVING OF THESE H ONE B VISAS, THEY ARE DESPERATE TO GET MORE TALENTED, YOUNG TECH WORKERS INTO THEIR BUSINESSES AND INTO THE UNITED STATES. IF THEY CAN HAVE ACCESS TO MORE H1B'S, MAYBE THEY PAY THE FREIGHT FOR THIS. SOME COMPANIES BEAR THE BURDEN WHEN IT COMES TO VISA APPLICATIONS AND I WOULD THINK THAT THAT IS THE ADMINISTRATION'S THINKING, THAT GOOGLE AND MICROSOFT AND THE HYPERSCALERS AND PEOPLE ABOUT THAT HIGHER ENORMOUS NUMBERS OF H1B'S THAT WHAT MORE ARE WILLING TO PAY FOR THEM AND THEY HAVE THE RESOURCES TO DO IT. JOE: DO WE HAVE A NEW CASTE SYSTEM AND THE IMMIGRATION SYSTEM IN AMERICA OR IS THIS THE COST OF DOING BUSINESS IN A WORLD WHERE PEOPLE SIMPLY WANT MORE ACCESS TO H1B'S? JEANNE:JEANNE: IT WILL HAVE TO PAY THE COST OF THIS KEEPS UP. THIS IS A REFLECTION OF A PROMISE AND YOU SEE IT REFLECTED IN PROJECT 2025, TO LIMIT EVEN LEGAL IMMIGRATION. . WE TALK A LOT ABOUT ILLEGAL -- BUT LEGAL IMMIGRATION IS A BIG TOPIC IN 2025, THE PRESIDENT IS FULFILLING THAT. WE ALSO SEE A CONTRADICTION WE HAVE SEEN MANY TIMES WITH THIS PRESIDENT, BETWEEN HIS COMMITMENT TO, SAY, RESHORING AND INNOVATION AND HIS COMMITMENT TO ADDRESSING IMMIGRATION, BOTH LEGAL AND ILLEGAL. SO THESE ARE CONTRADICTORY IMPULSES ON THE PRESIDENT'S PART. AND I JUST WISH HE HAD TAKEN A CLEANER APPROACH TO THE H1B VISA ISSUE. IT DOES NEED TO BE REFORMED. IT DOES NOT NEED TO BE BLOWN UP IN THIS WAY. IT COULD HAVE BEEN MORE NARROWLY ADDRESSED IN A WAY THAT ALLOWS US TO REASSURE AND -- RESHORE AND INNOVATE IN THE WAY THAT WE NEED TO FOR NATIONAL SECURITY AND ECONOMIC SECURITY. JOE: YOU HAVE MADE THE POINT, RICK, THAT TECH COMPANIES, MANY OF WHICH HAVE DEEP POCKETS, ARE PREPARED TO PAY FOR THIS, RIGHT? RICK: I HAVE BEEN SEARCHING THE NEWS TO SEE WHETHER OR NOT ANY OF THESE MAGNIFICENT 7 HAVE BEEN COMPLAINING ABOUT THIS AND I HAVE NOT REALLY SEEN ANYTHING. MAYBE IT IS JUST MY LACK OF GOOD RESEARCH SKILLS. BUT I DON'T SEE THEM COMPLAINING ABOUT THIS. THEY MIGHT BE THE ONES MOST AFFECTED BY IT. MY GUESS IS THIS IS JUST A MARKET KIND OF DECISION. JEANNE'S RIGHT, IT MAKES TWO SIDES OF A COIN LOOK GOOD AND IT MAKES IT LOOK LIKE HE IS BEING TOUGH ON LEGAL IMMIGRATION AND YET HE OPENS UP THE SPIGOT TO TECH COMPANIES THAT CAN AFFORD THIS KIND OF TARIFF . AT THE END OF THE DAY ALL THINGS ARE POLITICAL TO ME AND WHEN YOU LOOK AT DONALD TRUMP'S NUMBERS ON IMMIGRATION, IT IS 10 POINTS HIGHER THAN IT WAS A YEAR AGO. JOE: WE ARE OUT OF TIME. RICK DAVIS AND JEANNE SHEEHAN ZAINO, THANK YOU SO MUCH AS EVER. WE WILL MEET YOU BACK HERE TOMORROW ON "BALANCE OF POWER" ON BLOOMBERG TV.

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Estonia Seeks NATO Discussions After Airspace Breach | Balance of Power Late Edition 09/22/2025

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Marc Short, former Chief of Staff to Vice President Mike Pence, shares his thoughts on President Trump's claim that there is a link between Tylenol and autism. Pennsylvania Governor Josh Shapiro said his state is prepared to leave America’s biggest power grid if its operator won’t make changes to rein in surging energy bills. Estonia Foreign Minister Margus Tsahkna says Russian President Vladimir Putin is testing NATO's unity after three Russian fighter jets entered Estonian airspace on Friday. (Source: Bloomberg)