What you have there looks like a tyre not correctly seated on the rim. I measured off the screen and the tyre seems to be tucked into the rim more on one side. It would be more accurate if you measured the tyre in real life. I have had this before with a particular combination of tyre and rim. I you ride the bike at speed 20+mph you will probably see and feel how the tyre is not round.
You need to deflate the tyre and massage it evenly onto the rim as you gradually inflate it.
You need to deflate the tyre and massage it evenly onto the rim as you gradually inflate it.