Representative Jake Auchincloss (D-MA) shares his disbelief when discussing President Trump saying the Strait of Hormuz is open, stating markets “would be wise to put the President on mute.” He goes on to explain how Trump has now given Iran a different strategic deterrent in chokehold control of the Strait, and whether or not he believes the president can talk peace into existence with Iran. Rep. Auchincloss speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg's "Balance of Power."