Presidential Debate Preview; Apple Loses Irish Tax Bill Case

Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan 0:00:10.760 --> 0:00:13.720 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.760 --> 0:00:15.480 following today, Karen. 0:00:15.200 --> 0:00:19.400 The countdown is on for the highly anticipated presidential debate. 0:00:19.560 --> 0:00:23.599 Final preparations are underway for Vice President Combal Harris and 0:00:23.800 --> 0:00:28.160 former President Donald Trump. Bloomberg's David Gura begins our team 0:00:28.240 --> 0:00:30.200 coverage from Pennsylvania. 0:00:30.280 --> 0:00:32.960 It is the only debate between Vice President Harris and 0:00:33.000 --> 0:00:35.560 President Trump that's on the calendar, and it'll take place 0:00:35.600 --> 0:00:38.959 at the National Constitution Center in Philadelphia with no audience. 0:00:39.320 --> 0:00:42.280 David Muir and Lindsay Davis of ABC News are the moderators. 0:00:42.680 --> 0:00:45.280 The debate is expected to last ninety minutes with no 0:00:45.400 --> 0:00:48.880 opening statements. There will be two commercial breaks. According to 0:00:48.920 --> 0:00:51.320 ABC News, the candidates will get two minutes to answer 0:00:51.400 --> 0:00:54.920 each question, with additional time for rebuttals. Harris and Trump 0:00:54.920 --> 0:00:57.560 will stand at podiums, and after winning a coin toss, 0:00:57.640 --> 0:01:00.520 Trump will get the last word the final closing statement, 0:01:01.040 --> 0:01:03.240 and each candidate's mike will be muted when the other 0:01:03.280 --> 0:01:05.520 one is speaking, just like in the first debate of 0:01:05.560 --> 0:01:09.720 this campaign between Trump and President Biden in Philadelphia. David 0:01:09.720 --> 0:01:10.920 Gura Bloomberg Radio. 0:01:11.120 --> 0:01:14.000 All right, David, thank you well. Continuing team coverage now, 0:01:14.040 --> 0:01:17.320 Bloomberg's Amy Morris is in Washington looking at how the 0:01:17.440 --> 0:01:18.840 candidates are preparing. 0:01:18.920 --> 0:01:23.280 Amy Vice President Harris's strategy, in part is reportedly to 0:01:23.360 --> 0:01:26.920 hold former President Trump accountable while maintaining a calm demeanor 0:01:26.959 --> 0:01:30.640 on stage. Harris's challenge is that she's not well defined 0:01:30.680 --> 0:01:33.200 to a lot of potential voters. Donald Trump, on the 0:01:33.200 --> 0:01:35.840 other hand, is quite well defined. People know him. His 0:01:35.920 --> 0:01:39.200 strategy may be to change some perceptions and soften his 0:01:39.400 --> 0:01:41.840 edge a bit. Bob McNally is a former White House 0:01:41.959 --> 0:01:44.880 energy advisor to President George W. Bush, and he told 0:01:44.920 --> 0:01:47.080 Bloomberg News what he'd be listening for. 0:01:47.360 --> 0:01:50.640 I hope they get pressed on their respective plans for Iran, 0:01:50.680 --> 0:01:52.240 because in terms of what's going to affect the pump 0:01:52.320 --> 0:01:54.480 price for you, me and our neighbors, I think it has. 0:01:54.320 --> 0:01:54.960 To do with Iran. 0:01:55.120 --> 0:01:58.520 Bob McNally talking with Bloomberg's Joe Matthew, this debate is 0:01:58.560 --> 0:02:01.200 the biggest opportunity the candidate. It may have to reset 0:02:01.240 --> 0:02:04.240 the conversation and their image. Now that the conventions are 0:02:04.280 --> 0:02:08.639 over and officials anticipate a huge viewing audience in Washington. 0:02:08.680 --> 0:02:10.040 Amy Morris, Bloomberg Radio. 0:02:10.160 --> 0:02:12.120 All right, Amy, thank you. I'll stay with the Bloomberg 0:02:12.160 --> 0:02:15.160 for coverage of the ABC News presidential debate with a 0:02:15.200 --> 0:02:18.240 special edition of Balance of Power with Joe Matthew and 0:02:18.280 --> 0:02:21.400 Kaylee Lines, beginning at a pm. Wall Street Time on 0:02:21.440 --> 0:02:23.359 Bloomberg Radio and Television. 0:02:23.680 --> 0:02:27.480 Certain Markets Now Karen Stocks began the week in bullish fashion. 0:02:27.639 --> 0:02:30.960 All three major indexes gained at least one percent, but 0:02:31.080 --> 0:02:35.400 Cameron Dawson, chief investment officer at New Edge Wealth, remains cautious. 0:02:35.720 --> 0:02:38.360 We don't think that we are out of the woods 0:02:38.400 --> 0:02:42.359 for this continued volatility. It's good to remember that seasonality 0:02:42.560 --> 0:02:46.240 is still a headwind effectively up until the election. Post 0:02:46.320 --> 0:02:50.600 the election, we typically see better markets, so seasonality remains. 0:02:50.840 --> 0:02:53.359 At the same time is that we went into this 0:02:53.440 --> 0:02:58.080 with really stretched valuation, positioning and sentiment, which just means 0:02:58.120 --> 0:02:59.919 there's still some hands to shake loose. 0:03:00.160 --> 0:03:03.040 New Edge weelfs. Cameron Dawson says, the next key moment 0:03:03.080 --> 0:03:06.000 for tomorrow for the markets is tomorrow when we get 0:03:06.000 --> 0:03:07.720 the August consumer price Index. 0:03:08.320 --> 0:03:11.200 Well, looking at company news now, Nathan Shares of Oracles 0:03:11.240 --> 0:03:13.800 serving eight and a half percent in early trading, the 0:03:13.840 --> 0:03:18.000 software company reported quarterly profit and bookings that topped estimates. 0:03:18.320 --> 0:03:23.040 Artificial intelligence demand is continuing to boost Oracle's clown computing business. 0:03:23.200 --> 0:03:26.080 We have legal news this morning involving some tech heavyweights. 0:03:26.120 --> 0:03:28.840 Karen Google has lost its bid to topple a two 0:03:28.880 --> 0:03:32.639 point six billion dollar European Union fine for abusing its 0:03:32.639 --> 0:03:36.920 monopoly power to crush rival shopping services. The Use Court 0:03:36.960 --> 0:03:40.840 of Justice in Luxembourg backed at landmark twenty seventeen decision 0:03:41.120 --> 0:03:44.160 which found the US tech giant illegally leveraged its search 0:03:44.160 --> 0:03:47.080 engine dominance to give a higher ranking to its own 0:03:47.160 --> 0:03:48.320 product listings. 0:03:48.680 --> 0:03:51.760 And Nathan Apple has lost its court fight over a 0:03:51.800 --> 0:03:55.360 nearly fourteen and a half billion dollar Irish tax bill. 0:03:55.480 --> 0:03:59.080 That's sam court in Luxembourg backed a landmark twenty sixteen 0:03:59.120 --> 0:04:02.520 decision and Ireland broke state aid law by giving the 0:04:02.560 --> 0:04:04.640 iPhone maker an unfair advantage. 0:04:04.760 --> 0:04:07.560 That legal setback comes a day after Apple introduced the 0:04:07.600 --> 0:04:11.760 latest version of its flagship device, the iPhone sixteen, and 0:04:11.840 --> 0:04:16.080 despite modest hardware upgrades, CEO Tim Cook insists the new 0:04:16.120 --> 0:04:19.760 phone was built from the ground up with AI in mind. 0:04:20.240 --> 0:04:24.560 Its power and capability enable us to get so much done, 0:04:24.800 --> 0:04:28.359 like connecting with our family and friends, staying productive on 0:04:28.440 --> 0:04:32.920 the go, and capturing life special moments. Apple Intelligence will 0:04:33.000 --> 0:04:37.560 supercharge these experiences and so many more. It puts powerful 0:04:37.600 --> 0:04:40.600 generative models right at the core of your iPhone. 0:04:40.680 --> 0:04:40.840 Now. 0:04:40.839 --> 0:04:43.560 Along with the iPhone, Apple CEO Tim Cook unveiled the 0:04:43.600 --> 0:04:47.160 new version of the smart watch with a bigger screen 0:04:47.279 --> 0:04:50.880 and the ability to detect sleep apnea. Cook also touted 0:04:50.920 --> 0:04:54.039 new software that can turn AirPods into hearing aids. 0:04:54.600 --> 0:04:57.479 Well Nathan, US banking regulators have reduced the amount of 0:04:57.480 --> 0:05:00.520 new capital required for the big banks by nearly half, 0:05:00.560 --> 0:05:02.839 and we get more from Bloomberg's dun Chrisner. 0:05:02.960 --> 0:05:06.120 We're told the banks now face a nine percent increase 0:05:06.320 --> 0:05:10.240 versus the original plan to raise required capital by nineteen percent. 0:05:10.800 --> 0:05:14.360 These are the US global systemically important banks like Bank 0:05:14.360 --> 0:05:17.240 of America and JP Morgan Chase. They must hold a 0:05:17.279 --> 0:05:21.200 cushion against unexpected losses and financial shocks, and the sharp 0:05:21.240 --> 0:05:24.839 reductions to capital mandates is a win since the banks 0:05:24.880 --> 0:05:28.599 unleashed one of their fiercest lobbying campaigns after the plan's 0:05:28.680 --> 0:05:31.800 introduction last year. The plan will be subject to a 0:05:31.839 --> 0:05:34.880 sixty day comment period and fed sha J. Powell has 0:05:34.920 --> 0:05:38.800 said final adoption might not take place until well into 0:05:38.880 --> 0:05:41.880 next year. In New York, I'm Doug Prisoner Bloomberg Radio. 0:05:42.040 --> 0:05:44.679 Thank you, Doug. Turning into Washington, the House has passed 0:05:44.720 --> 0:05:48.240 a bill aimed at blacklisting Chinese biotech companies and their 0:05:48.360 --> 0:05:52.480 US subsidiaries. The build Up the Biosecure Act was approved 0:05:52.520 --> 0:05:54.720 by a vote of three oh six to eighty one. 0:05:55.040 --> 0:05:58.680 It overcame a last ditch lobbying effort from Massachusetts Democrat 0:05:58.760 --> 0:06:02.000 Jim McGovern who, who says it punishes companies with no 0:06:02.200 --> 0:06:05.400 clear standard. We get more from Bloomberg's Derek Wallbank. 0:06:05.680 --> 0:06:07.880 There's one of several pieces of legislation the US House 0:06:07.920 --> 0:06:10.719 is taking up this week in what basically could be 0:06:10.760 --> 0:06:13.680 called a China Week. There's a lot of focus ahead 0:06:13.680 --> 0:06:18.000 of the election on China. It's an area where Republicans 0:06:18.040 --> 0:06:21.000 and Democrats actually tend to agree, and so this winds 0:06:21.080 --> 0:06:23.960 up being a lot of messaging legislation. Now, the thing 0:06:24.000 --> 0:06:28.240 with messaging legislation is that it occasionally can become law. 0:06:28.320 --> 0:06:31.720 In Bloomberg's Derek Wallbank reports, this bill targets five companies 0:06:31.760 --> 0:06:35.320 to start, including Complete Genomics. That's a Silicon Valley based 0:06:35.360 --> 0:06:39.680 subsidiary of China's MGI Tech. The bill's prospects are less 0:06:39.680 --> 0:06:42.360 clear in the Senate, but there has been discussion of 0:06:42.400 --> 0:06:45.760 adding it to the must pass Annual Defense Policy Bill. 0:06:46.360 --> 0:06:49.640 Well, Nathan, we may be minutes away from liftoff for 0:06:49.760 --> 0:06:53.640 the latest private crew to space flight for SpaceX. Polaris 0:06:53.760 --> 0:06:56.080 Dawn had to cancel its first to launch window from 0:06:56.160 --> 0:06:59.080 Kenny's Space Center at three thirty eight am Wall Street 0:06:59.120 --> 0:07:03.960 Time unfavorable weather. The next opportunity is at five twenty 0:07:03.960 --> 0:07:07.279 three am. Four astronauts are on board for this mission, 0:07:07.279 --> 0:07:11.400 which will include the first fully commercial spacewalk. If SpaceX 0:07:11.560 --> 0:07:14.720 misses its chance this hour, it'll have one more opportunity 0:07:14.760 --> 0:07:17.240 to take off this morning at seven oh nine am 0:07:17.400 --> 0:07:23.000 Wall Street Time. And it's time now for a look 0:07:23.000 --> 0:07:24.840 at some of the other stories making news in New 0:07:24.920 --> 0:07:26.840 York and around the world. For that, we're joined by 0:07:26.840 --> 0:07:29.800 Bloomberg's John Tucker. John, Good morning, Hey, Good. 0:07:29.640 --> 0:07:33.360 Morning, Karen. Officials are tracking tropical Storm Francine as she 0:07:33.560 --> 0:07:36.640 churns in the Gulf of Mexico for outer bands will 0:07:36.680 --> 0:07:40.800 impact the Texas coastline is at Vera's eastward through Louisiana, 0:07:40.920 --> 0:07:44.400 Spasin and then to the states just north Louisiana. Gavin 0:07:44.400 --> 0:07:46.320 and Jeff Landry had some words of warning. 0:07:46.840 --> 0:07:50.840 We want everyone in a state to be cautious and vigilant. 0:07:50.840 --> 0:07:51.680 We don't want, we. 0:07:51.640 --> 0:07:55.080 Don't want to down play this event, but we also 0:07:55.320 --> 0:07:57.600 do not want people in to pany. 0:07:57.400 --> 0:08:00.720 This storm could become a Category too hurricane by Wednesday, 0:08:01.040 --> 0:08:04.200 when it's expected to make landfall. The AP reports at 0:08:04.280 --> 0:08:07.800 least forty people were killed, sixty wounded, and it Israeli 0:08:07.880 --> 0:08:10.880 strikerly today that left cretors up to thirty two feet 0:08:10.960 --> 0:08:14.600 deep in the humanitarian area of the Gaza Strip. Israel 0:08:14.680 --> 0:08:18.440 disputes the death tolls that it targeted significant hamas militants. 0:08:18.840 --> 0:08:21.960 There's a new US Senator. It follows the resignation of 0:08:22.040 --> 0:08:25.880 New Jersey Democrat Bob Menendez. More from Bloomberg Steve Potisk. 0:08:26.400 --> 0:08:29.560 George Helmy, a Democrat and former chief of staff to 0:08:29.760 --> 0:08:32.600 New Jersey Governor Phil Murphy, has been sworn in and 0:08:32.640 --> 0:08:35.480 will serve in office for about two months until the 0:08:35.520 --> 0:08:39.360 November election. Murphy appointed Helmy to the temporary role after 0:08:39.440 --> 0:08:44.000 Menendez resigned in August after he was convicted on corruption charges. 0:08:44.320 --> 0:08:47.400 Helmi said he had never sought and would never seek 0:08:47.400 --> 0:08:50.400 elected office. He said he would focus on serving the 0:08:50.440 --> 0:08:54.200 public during his short stint in the Senate in Washington. 0:08:54.320 --> 0:08:56.400 Steve Podisk Bloomberg Radio. 0:08:56.320 --> 0:08:59.439 And he is perhaps best known for lending his voice 0:08:59.480 --> 0:09:02.520 to one of the greatest villions of villains in the 0:09:02.600 --> 0:09:09.280 history of cinema, No I do the father. The legendary 0:09:09.280 --> 0:09:12.000 actor James Earl Jones has died. He was one of 0:09:12.080 --> 0:09:15.400 those rare artists who'd won an Emmy, Grammy, Oscar and 0:09:15.520 --> 0:09:18.960 Tony Award. James Earl Jones was ninety three years old. 0:09:19.360 --> 0:09:21.760 Global News twenty four hours a day, whenever you want it, 0:09:21.800 --> 0:09:22.760 we have Bloomberg News. 0:09:22.760 --> 0:09:22.920 Now. 0:09:22.960 --> 0:09:25.680 I'm John Tucker and this is Bloomberg. Karen. 0:09:25.960 --> 0:09:33.199 All right, John, thank you time now for the Bloomberg 0:09:33.280 --> 0:09:35.280 Sports Update with John stash Hour. 0:09:35.400 --> 0:09:37.880 John, good morning, Good morning, Karen. On like a year ago, 0:09:37.960 --> 0:09:41.240 Aaron Rodgers did not get hurt and that Jets season 0:09:41.240 --> 0:09:43.240 opening mon the night game went thirteen for twenty one 0:09:43.360 --> 0:09:45.599 hundred and sixty seven yards, a touchdown pass and in 0:09:45.640 --> 0:09:49.040 an interception. The Jets facing one of the NFL's best teams. 0:09:49.040 --> 0:09:52.080 Even though the forty nine ers biggest star, Christian McCaffrey, 0:09:52.600 --> 0:09:56.080 played havoc with thousands of fantasy football owners by being 0:09:56.080 --> 0:09:58.080 a late scratch with a leg injury. The Niners got 0:09:58.120 --> 0:10:02.000 one hundred and forty seven rushing from his backup Jordan Mason. 0:10:02.280 --> 0:10:04.880 They bait the Jets thirty two to nineteen. Jake Moody 0:10:04.960 --> 0:10:08.560 kicked six field goals. Alan Lazard scored two Jet tds, 0:10:08.600 --> 0:10:10.880 one from Rogers and one meaningless one at the end 0:10:11.120 --> 0:10:14.320 from backup GB Tyrod Taylor. Rogers said after the game 0:10:14.400 --> 0:10:17.560 he can play better. The day after the Dolphins, Tyreek 0:10:17.640 --> 0:10:19.800 Hill was detained by police on his way to play 0:10:19.800 --> 0:10:22.760 a game in Miami. Police damn footage was released. It 0:10:22.840 --> 0:10:26.440 showed a dispute Overhill not lowering his car window and 0:10:26.440 --> 0:10:28.800 then police pulling him out of the car and at 0:10:28.840 --> 0:10:32.080 one point pushing him down to the pavement. Ed Cranepoole 0:10:32.120 --> 0:10:34.720 has passed away at seventy nine. Made his Mets debut 0:10:34.760 --> 0:10:37.000 in their first season nineteen sixty two, and he was 0:10:37.040 --> 0:10:40.280 a seventeen year old who had just graduated from James 0:10:40.280 --> 0:10:41.040 Monroe High School. 0:10:41.040 --> 0:10:41.400 In the Bronx. 0:10:41.480 --> 0:10:44.720 Crane Pool stayed a Met for eighteen years, played more 0:10:44.760 --> 0:10:48.080 games than anyone in team history. Mets in Toronto tie 0:10:48.160 --> 0:10:50.199 two to eighth inning Alberta. 0:10:50.280 --> 0:10:52.560 Is it third lendor at first double play an order 0:10:52.600 --> 0:10:56.120 here tie game one out pitch, Nimo cuts and missus. 0:10:56.120 --> 0:10:59.600 The ball squeaks by the catcher. Here comes Alvarez flipped. 0:10:59.240 --> 0:11:03.040 A home cut of time colveristimes and safely have the 0:11:03.160 --> 0:11:04.199 Mets hot the lead. 0:11:04.760 --> 0:11:06.280 Another wild pitch. 0:11:06.720 --> 0:11:08.160 It is three two. 0:11:08.120 --> 0:11:11.800 Mets, and that was the final w HSQ, the call 0:11:11.880 --> 0:11:13.640 game of the total of only seven hits and the 0:11:13.640 --> 0:11:15.840 Mets of now one ten and last eleven. They got 0:11:15.880 --> 0:11:18.800 help from the Reds, who won one to nothing in Atlanta. 0:11:18.880 --> 0:11:21.120 The Yankees back at the Stadium in Kansas City ten 0:11:21.160 --> 0:11:23.920 to four. Austin Wells the three on omer, alex Erdugo 0:11:23.960 --> 0:11:26.960 a two run shot, and the Orioles lost twelve to three. 0:11:27.000 --> 0:11:29.200 In Boston, the Yanks now lead Baltimore by a game 0:11:29.240 --> 0:11:32.920 and a half. John stash A went Bloomberg Sports Kenny Nathan, all. 0:11:32.920 --> 0:11:35.280 Right, John, thank you well. We want to welcome our 0:11:35.360 --> 0:11:38.800 listeners in New England on the all New Bloomberg in 0:11:39.000 --> 0:11:42.640 ninety two nine FM. It's Boston's number one source for 0:11:42.760 --> 0:11:46.760 news on the FM dial. Bloomberg ninety two nine. 0:11:49.160 --> 0:11:53.280 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:53.360 --> 0:11:56.240 and around the world on Bloomberg dot Com and the 0:11:56.320 --> 0:11:59.720 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:00.000 --> 0:12:00.560 Good morning. 0:12:00.600 --> 0:12:04.760 I'm Nathan Hager. The expectations game is set ahead of 0:12:04.760 --> 0:12:09.360 tonight's ABC News presidential debate between Kamala Harris and Donald Trump. 0:12:09.640 --> 0:12:13.040 Vice President Harris, we see an economic plan and with 0:12:13.520 --> 0:12:15.840 the form President Donald Trump, we see the Project twenty 0:12:15.880 --> 0:12:16.680 twenty five agenda. 0:12:16.800 --> 0:12:20.520 I expect to see President Trump have a command of 0:12:20.559 --> 0:12:23.440 the subjects that are being discussed, and I expect to 0:12:23.440 --> 0:12:28.440 see Kamala Harris doing some rote memorization regurgitation because she's 0:12:28.440 --> 0:12:30.000 incapable of thinking on her feet. 0:12:30.440 --> 0:12:32.640 That was Marilyn Governor Wes Moore on the Harris side, 0:12:32.640 --> 0:12:36.080 and Congressman Derek Van Orden speaking to ABC News for 0:12:36.160 --> 0:12:38.000 the Trump camp ahead of tonight's debate. 0:12:38.080 --> 0:12:38.600 This morning. 0:12:38.600 --> 0:12:43.080 We were joined by Terry Haynes, the founder of Pangea Policy. Terry, 0:12:43.120 --> 0:12:46.720 good debate, morning, We've heard the expectations. What are you 0:12:46.840 --> 0:12:48.240 going to be listening for tonight? 0:12:49.400 --> 0:12:52.840 Well, Nathan, good morning. You know they're both underdogs according 0:12:52.840 --> 0:12:55.680 to them, and that's say, yeah, that's a time on kid, 0:12:57.200 --> 0:13:01.240 that's a time on our tactic. So there we are. 0:13:01.280 --> 0:13:05.000 But what I'm going to be listening for, by and 0:13:05.080 --> 0:13:08.360 large is whether or not Harris meets or exceeds the 0:13:08.400 --> 0:13:13.120 test of being presidential and passing the test with voters 0:13:13.559 --> 0:13:16.400 that you know, she's a plausible president. I'm not suggesting 0:13:16.440 --> 0:13:19.600 she's implausible today. I'm only suggesting that, you know, as 0:13:19.640 --> 0:13:23.040 a reporter pointed out before, you know, people don't know 0:13:23.320 --> 0:13:26.080 much less about her than they know about President Trump. 0:13:27.000 --> 0:13:31.440 So there's that. For Trump, I'm looking for something a 0:13:31.440 --> 0:13:35.120 little bit different. He's by contrast, very very well known. 0:13:35.800 --> 0:13:40.200 But you know, he's got to essentially soften those partisan 0:13:40.320 --> 0:13:43.480 edges and those divisive edges if he's going to gain 0:13:43.480 --> 0:13:45.280 any more votes out of this. I think what we've 0:13:45.320 --> 0:13:48.600 seen in the campaign so far is that Harris has 0:13:48.640 --> 0:13:51.280 a floor, but not yet a ceiling, whereas Trump has 0:13:51.320 --> 0:13:53.520 a very hard ceiling, and he's going to have to 0:13:53.559 --> 0:13:55.680 exceed that a little bit in order to do in 0:13:55.760 --> 0:13:56.880 order to come away with a win. 0:13:57.640 --> 0:13:59.640 Well, the way the rules are set up with the 0:13:59.679 --> 0:14:04.000 mic turned off when it's not a candidate's turn to speak. 0:14:04.360 --> 0:14:06.080 Who does that advantage. 0:14:07.120 --> 0:14:09.800 You know, I think actually advantages Harris a little bit. 0:14:10.160 --> 0:14:12.800 There's been a lot of talk about how it deprives 0:14:12.840 --> 0:14:15.840 Harris of the ability to have zingers or viral moments, 0:14:16.360 --> 0:14:19.880 but I think it advantages Harris a little bit because 0:14:20.160 --> 0:14:23.080 what she needs to do is look calm and command 0:14:23.120 --> 0:14:25.600 and not be baited, and frankly, that gives her an 0:14:25.640 --> 0:14:30.320 opportunity to collect herself if she finds herself being tempted 0:14:30.360 --> 0:14:33.640 by that. In contrast, you know, Trump really can't kind 0:14:33.640 --> 0:14:38.920 of barge, metaphorically speaking, barge across the stage and try 0:14:38.960 --> 0:14:41.480 to disrupt things. So I think, on balance, that's probably 0:14:41.960 --> 0:14:44.280 a plus for Harris, even though she was trying to 0:14:44.320 --> 0:14:45.080 keep the mics on. 0:14:45.720 --> 0:14:48.200 Besides the style points, Terry, is there going to be 0:14:48.240 --> 0:14:51.440 pressure on these candidates to answer for some of their 0:14:51.600 --> 0:14:55.360 shifts in positions. We've heard Harris sort of moderate where 0:14:55.400 --> 0:14:59.000 she is on fracking and immigration, and we've heard former 0:14:59.040 --> 0:15:01.440 President Trump kind of try to figure out where he 0:15:01.560 --> 0:15:02.880 is on abortion rights. 0:15:03.320 --> 0:15:03.520 Oh. 0:15:03.560 --> 0:15:09.280 Absolutely, the I think the moderators absolutely do that. They 0:15:09.520 --> 0:15:13.480 very likely respond to the idea that this has been 0:15:13.960 --> 0:15:18.040 a by and large issues free campaign, but at the 0:15:18.120 --> 0:15:20.000 same time. You know, I expect him to dance around 0:15:20.000 --> 0:15:20.600 it a little bit. 0:15:20.840 --> 0:15:21.000 You know. 0:15:21.040 --> 0:15:23.600 The real answer with Harris, thank you, and I have 0:15:23.640 --> 0:15:25.640 talked about this before, But the real answer with Harris 0:15:25.760 --> 0:15:28.160 is that she was a candidate in twenty twenty trying 0:15:28.160 --> 0:15:32.240 to in a primary, trying to get primary voters who 0:15:32.320 --> 0:15:35.000 tend to be purists, very hard left or very hard right, 0:15:35.080 --> 0:15:39.240 depending on the party. Whereas now she's she's sitting at 0:15:39.280 --> 0:15:41.280 the head of a party that already has a platform, 0:15:41.320 --> 0:15:43.880 already has positions, and you know, so she's in a 0:15:43.960 --> 0:15:47.680 very different position. That's not the excuse her of just saying, 0:15:47.920 --> 0:15:51.000 you know that she's in a different position. Trump, of course, 0:15:51.040 --> 0:15:53.840 has been involved in but both of them have been involved. 0:15:53.840 --> 0:15:56.800 Trump also in kind of what a friend of mine 0:15:56.880 --> 0:16:00.080 calls the Oprah primary or the Oprah primary, where the 0:16:00.160 --> 0:16:03.280 election where everybody's trying to give away as much as possible, 0:16:03.520 --> 0:16:06.400 there's very little serious on issues. I don't expect there 0:16:06.440 --> 0:16:09.880 to be much more serious on issues, frankly, because they 0:16:09.880 --> 0:16:12.320 will roll out whatever they've already rolled out. But at 0:16:13.000 --> 0:16:15.240 this is going to be a test of Harris's fitness 0:16:15.240 --> 0:16:16.520 and Trump's demeanor. 0:16:16.560 --> 0:16:20.040 Frankly, just fifteen seconds left, Terry, this is the first debate. 0:16:20.080 --> 0:16:21.280 Will it be the last? 0:16:21.720 --> 0:16:21.880 You know? 0:16:21.920 --> 0:16:25.000 I think there's possibility for another one. It depends entirely 0:16:25.040 --> 0:16:27.400 on how everybody does here. If this is a close debate, 0:16:27.720 --> 0:16:29.280 both candidates may want one more. 0:16:29.440 --> 0:16:32.360 This is Bloomberg day Break Today, your morning brief on 0:16:32.400 --> 0:16:36.080 the stories making news from Wall Street to Washington and beyond. 0:16:36.240 --> 0:16:39.000 Look for us on your podcast feed at six am 0:16:39.080 --> 0:16:42.720 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:42.800 --> 0:16:43.960 get your podcasts. 0:16:44.080 --> 0:16:46.800 You can also listen live each morning starting at five 0:16:46.840 --> 0:16:49.400 am Wall Street time on Bloomberg eleven three to zero 0:16:49.480 --> 0:16:52.280 in New York, Bloomberg ninety nine to one in Washington, 0:16:52.440 --> 0:16:55.640 Bloomberg one six to one in Boston, and Bloomberg ninety 0:16:55.680 --> 0:16:57.080 sixty in San Francisco. 0:16:57.440 --> 0:17:00.600 Our flagship New York station is also avail on your 0:17:00.640 --> 0:17:06.080 Amazon Alexa devices. 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