President Donald Trump insisted he does not plan to fire Federal Reserve Chair Jerome Powell despite a Justice Department probe into the central bank’s renovation.

President Donald Trump faulted Ukraine’s leader Volodymyr Zelenskiy as the main obstacle to an agreement to end the war Russia launched against his country four years ago.

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Thom Tillis (R) North Carolina states he is skeptical of President Trump's claim that the killing in Iran has stopped and shares his frustration that the President is surrounding himself with people who give him bad advice. Former US Representative Jane Harman (D) California states this is a hugely dangerous moment in geopolitics for America since President Trump's been in office. (Source: Bloomberg)

Japan’s largest opposition party and a former ruling coalition partner are in discussions to cooperate more deeply in an upcoming election, with an eye on a potential merger, according to local media.

The US Supreme Court didn’t rule on challenges to President Donald Trump’s tariffs Wednesday, leaving the world to wait until at least next week to learn the fate of his signature economic policy. The court hasn’t said when it will issue its next opinions but could schedule more decisions on Tuesday or Wednesday, when the justices again are in session. Matt Hornbach, Global Head of Macro Strategy at Morgan Stanley, joins Bloomberg Businessweek Daily to discuss. Hornbach and his team recently published a note about potential tariff ruling scenarios, including what the US Treasury's financing needs could be in the case of refunds. Hornbach speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)