Biden Passes Torch in Oval Office Speech; AI Selloff Goes Global

Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan 0:00:10.600 --> 0:00:13.600 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.600 --> 0:00:14.400 following today. 0:00:14.600 --> 0:00:17.560 Karen, we begin with politics and a major speech from 0:00:17.600 --> 0:00:21.440 President Biden. Three days after he ended his reelection campaign, 0:00:21.680 --> 0:00:24.360 the President gave an eleven minute address from the Oval 0:00:24.360 --> 0:00:26.240 Office to explain his decision. 0:00:26.520 --> 0:00:29.960 In recent weeks has become clear to me. I need 0:00:30.000 --> 0:00:34.440 to unite my party in this critical endeavor. I believe 0:00:35.280 --> 0:00:39.720 I reckon as president, my leadership in the world, my 0:00:39.880 --> 0:00:44.440 vision for America's future. Paul Merit it a second term, 0:00:44.720 --> 0:00:48.640 but nothing, nothing can come in the way of saving 0:00:48.680 --> 0:00:49.440 our democracy. 0:00:49.920 --> 0:00:52.920 President Biden says he revers the office, but ultimately he 0:00:53.000 --> 0:00:56.400 needed to bring his party together and put aside personal ambition. 0:00:56.480 --> 0:00:58.400 But the president says he still has a lot to 0:00:58.400 --> 0:00:59.960 accomplish over the rest of his time. 0:01:00.520 --> 0:01:04.000 I'm going to call for Supreme Court reform because this 0:01:04.200 --> 0:01:07.400 is critical to our democracy. Supreme Court reform. 0:01:07.640 --> 0:01:09.920 President Biden also said he will keep working to lower 0:01:10.000 --> 0:01:12.840 health care costs, combat climate change and gun violence, and 0:01:12.880 --> 0:01:14.959 bring the war in Gaza to an end, and he 0:01:15.040 --> 0:01:18.720 praised the Democrats new presumptive nominee Kamala Harris as a 0:01:18.760 --> 0:01:22.160 quote incredible partner to me and a leader for our country. 0:01:22.520 --> 0:01:25.440 Well, Nathan, we have plenty of reaction to President Biden's 0:01:25.480 --> 0:01:29.800 primetime address. Bloomberg political contributor Genie she hans Zeno says 0:01:29.800 --> 0:01:32.959 it's evident that Biden does not bring the energy Harris 0:01:33.000 --> 0:01:34.120 does to the Democrats. 0:01:34.319 --> 0:01:36.520 We've been listening for the last seventy two hours to 0:01:36.640 --> 0:01:39.520 Harris on the campaign trail with these huge, you know, 0:01:39.800 --> 0:01:42.640 just big rallies where she's getting a lot of energy 0:01:42.720 --> 0:01:46.640 and it's very sort of moving. And then you contrast 0:01:46.680 --> 0:01:49.880 that with Joe Biden, and you're reminded why so many 0:01:49.920 --> 0:01:53.240 Democrats felt that he wasn't up to the task. 0:01:53.520 --> 0:01:57.360 Bloomberg political contributor Genie she han Zeno believes Biden will 0:01:57.400 --> 0:02:00.720 help Democrats and some down ballid races, but will take 0:02:00.720 --> 0:02:02.720 a back seat role on the campaign trail. 0:02:02.960 --> 0:02:06.160 Karen Harris is about to receive some big name political support. 0:02:06.200 --> 0:02:09.720 According to NBC News, Former President Barack Obama plans to 0:02:09.800 --> 0:02:12.640 endorse Harris soon. The report says the two have been 0:02:12.680 --> 0:02:15.600 in close touch since Harris announced her candidacy on Sunday, 0:02:15.639 --> 0:02:18.919 and Obama has given Harris his full support privately. 0:02:19.000 --> 0:02:19.480 Well Nathan. 0:02:19.560 --> 0:02:23.600 Hours before President Biden's speech, former President Donald Trump went 0:02:23.639 --> 0:02:26.680 after his new opponent at a campaign rally in Charlotte, 0:02:26.680 --> 0:02:27.519 North Carolina. 0:02:27.960 --> 0:02:32.240 Now we have a new victim to defeat, Lion Kamala Harris, 0:02:32.320 --> 0:02:40.239 lion l Yi, an apostasy, the most incompetent and far 0:02:40.400 --> 0:02:42.880 left vice president and American history. 0:02:43.360 --> 0:02:46.400 The former president called Harris the quote borders are, and 0:02:46.480 --> 0:02:49.880 he attacked her record as a prosecutor, saying she's soft 0:02:49.919 --> 0:02:53.440 on crime. Trump also said his position on abortion is 0:02:53.480 --> 0:02:56.520 eight points higher in the polls than Harris's, though he 0:02:56.680 --> 0:02:59.880 didn't say where he got that number. Democrats are sees 0:03:00.120 --> 0:03:03.360 on reproductive rights is a key issue in the campaign. 0:03:03.160 --> 0:03:03.680 Well Karen. 0:03:03.720 --> 0:03:06.760 Both campaigns are going to be meeting with Benjamin Netanyahoo, 0:03:06.760 --> 0:03:09.800 the Israeli Prime Minister, will meet with Biden and Harris 0:03:09.840 --> 0:03:13.480 today at the White House and with Trump in Florida tomorrow. 0:03:13.840 --> 0:03:17.880 In an hour long speech to Congress yesterday, Netanyaho tried 0:03:17.919 --> 0:03:20.760 to shore up US support for Israel's war with Hummas 0:03:20.760 --> 0:03:23.240 and Bloomberg's Amy Morris reports from Washington. 0:03:23.680 --> 0:03:26.920 Nettayah, who said Iran regards Israel as an arm of 0:03:26.960 --> 0:03:29.480 its primary enemy, the United States. 0:03:29.760 --> 0:03:31.919 Our enemies are your enemies. 0:03:32.160 --> 0:03:35.720 Our fight is your fight, and our victory will be 0:03:35.960 --> 0:03:36.800 your victory. 0:03:36.920 --> 0:03:39.960 Nettanjak, who also said that he envisions a new alliance 0:03:40.000 --> 0:03:43.880 throughout the Middle East, including any countries at peace with Israel. 0:03:44.040 --> 0:03:47.680 The new alliance signed vision would be a natural extension 0:03:48.160 --> 0:03:50.320 of the groundbreaking Abraham Accords. 0:03:51.000 --> 0:03:53.120 Those accords saw peace forged. 0:03:52.840 --> 0:03:56.360 Between Israel and four Arab countries, and they were supported 0:03:56.400 --> 0:03:59.760 by Republicans and Democrats alike. I think we should call 0:03:59.800 --> 0:04:01.600 it the Abraham Alliance. 0:04:01.800 --> 0:04:05.560 Natangnak, who also assailed anti Israel protesters for siding with 0:04:05.600 --> 0:04:08.800 a Moss in Washington, Amy Moore as Bloomberg Radio, all. 0:04:08.760 --> 0:04:10.880 Right, Amy, thank you well as Nettan Yell, who spoke. 0:04:11.000 --> 0:04:14.760 Police deployed tear gas and took demonstrators into custody as 0:04:14.760 --> 0:04:18.080 thousands converged on Washington to condemn Netton. Yeah, who's visit. 0:04:18.520 --> 0:04:22.719 Outside DC's Union Station, protesters removed American flags and hoisted 0:04:22.760 --> 0:04:24.440 Palestinian ones in their place. 0:04:24.760 --> 0:04:27.159 Turning to the markets, now, Karen the Wall Street led 0:04:27.240 --> 0:04:31.120 AI sell off has gone Global. Stocks in Japan fell 0:04:31.200 --> 0:04:34.280 more than three percent, while shares in Europe are down 0:04:34.320 --> 0:04:36.720 more than one percent. For more, We're joined by Bloomberg's 0:04:36.760 --> 0:04:37.480 John Tucker. 0:04:37.360 --> 0:04:41.479 John Nathan Ai fever appears to be cooling. Yesterday saw 0:04:41.520 --> 0:04:44.560 a one trillion dollar round in the Nasdaq one hundred. 0:04:44.880 --> 0:04:47.640 The selloff triggered by a middle of the road earnings 0:04:47.640 --> 0:04:50.480 report from alphabet At stocks thank more than five percent. 0:04:50.960 --> 0:04:53.599 Investors getting impatient they want to see returns on the 0:04:53.680 --> 0:04:58.160 investments in artificial intelligence. Still, Shelby McFadden at Motley Full 0:04:58.200 --> 0:05:01.360 Asset Management suggests the drop could argue we in favor 0:05:01.400 --> 0:05:02.320 of dip buying. 0:05:02.640 --> 0:05:04.440 And I think that we're just a little bit too 0:05:04.480 --> 0:05:07.719 early in earning season, even in tech earnings for the 0:05:07.800 --> 0:05:10.160 sort of mass of investors to say, you know what 0:05:10.240 --> 0:05:10.839 we're done here? 0:05:11.279 --> 0:05:14.479 Massive rotation from the tech winners, it is smaller companies 0:05:14.480 --> 0:05:17.120 appears to be holding the Russell two thousand and op 0:05:17.200 --> 0:05:19.480 half a percent this week. Well, the next big Q 0:05:19.680 --> 0:05:24.080 four investors may come with the next round of tech results. Apple, Microsoft, Amazon, 0:05:24.120 --> 0:05:27.440 and Meta Platforms are all due to report results next week. 0:05:27.720 --> 0:05:29.560 John Tucker, Bloomberg Radio, All. 0:05:29.520 --> 0:05:31.800 Right, John, thanks well. Several stocks are on the move 0:05:31.880 --> 0:05:35.479 this morning. Shears of IBM are up four percent. The 0:05:35.480 --> 0:05:38.839 company reported a jump in bookings for its artificial intelligence 0:05:38.880 --> 0:05:42.320 business as customers work to implement the latest technology. 0:05:42.520 --> 0:05:45.320 Insures of Chipotle are up nearly four percent. Karen, the 0:05:45.320 --> 0:05:49.360 burrito chain, reported earnings and comparable sales that topped analyst estimates. 0:05:49.760 --> 0:05:52.960 Chres A four down more than thirteen percent. The automaker's 0:05:53.000 --> 0:05:56.360 second quarter profit fell short of estimates. Ford said vehicle 0:05:56.440 --> 0:05:59.960 quality problems led to a surge and warranty costs. 0:06:00.120 --> 0:06:02.599 Not the only automaking giant going in reverse, Karen. Shares 0:06:02.640 --> 0:06:06.080 of Stalantis are down nearly six percent. The maker of jeep, Ram, 0:06:06.160 --> 0:06:09.720 Dodge and Chrysler says it's considering price cuts to cope 0:06:09.720 --> 0:06:12.040 with a massive sales drop in the first half of 0:06:12.040 --> 0:06:12.400 the year. 0:06:12.960 --> 0:06:16.159 And Nathan, it is not sweet music this morning for 0:06:16.279 --> 0:06:23.640 investors of the world's biggest record label, Safe Science. Shares 0:06:23.640 --> 0:06:27.320 of Universal Music Group, which represents artists including Taylor Swift 0:06:27.320 --> 0:06:31.159 and Drink are plunging about twenty six percent. Universal subscription 0:06:31.240 --> 0:06:37.960 and streaming revenue numbers missed estimates. Time now for a 0:06:37.960 --> 0:06:39.599 look at some of the other stories making news in 0:06:39.600 --> 0:06:41.719 New York and around the world. For that, we're joined 0:06:41.760 --> 0:06:43.560 by Bloomberg's Michael barr Michael. 0:06:43.600 --> 0:06:46.520 Good Morning, Good morning Karen. A police officer was shot 0:06:46.600 --> 0:06:50.240 several times in Radway, New Jersey. Eyewitnesses say the shooting 0:06:50.279 --> 0:06:53.680 took place near Broad Street and West Hazelwood Avenue last night. 0:06:54.120 --> 0:06:57.240 According to the Mayor of Rahway, officers were executing a 0:06:57.279 --> 0:06:59.839 search warrant when two suspects tried to run from the 0:07:00.839 --> 0:07:03.280 One of the suspects fired a gun at the officers. 0:07:03.680 --> 0:07:08.440 According to the New Jersey State Policeman's Benevolent Association, the 0:07:08.520 --> 0:07:12.120 officer was taken to Robert Wood Johnson University Hospital in 0:07:12.120 --> 0:07:16.040 New Brunswick. The PBA asked people to please keep him 0:07:16.080 --> 0:07:18.600 and all the officers involved in the Robbie incident in 0:07:18.640 --> 0:07:22.480 their prayers. There's new information in the FBI probe into 0:07:22.520 --> 0:07:25.360 the attempt on the life of former President Donald Trump. 0:07:25.760 --> 0:07:28.240 The details were discovered at a hearing of the House 0:07:28.320 --> 0:07:32.800 Judiciary Committee. The FBI says that the same day that 0:07:32.920 --> 0:07:36.480 he registered to attend the Trump rally would be assassin 0:07:36.600 --> 0:07:41.160 Thomas Crooks googled the distance from which Lee Harvey Oswald 0:07:41.240 --> 0:07:44.520 fired at John F. Kennedy, and on that same day, 0:07:44.760 --> 0:07:47.960 a week before the shooting, Crook spent about twenty minutes 0:07:48.000 --> 0:07:51.920 at the Butler PA Events site. FBI Director Christopher Ray 0:07:52.000 --> 0:07:55.800 also says it appears as if the drone was up 0:07:55.840 --> 0:07:58.880 in the air for about eleven minutes roughly two hundred 0:07:58.960 --> 0:08:01.600 yards away from the venue around. 0:08:02.480 --> 0:08:06.360 Three point fifty pm four o'clock in that window on 0:08:06.480 --> 0:08:11.560 the day of the shooting, that the shooter was flying 0:08:11.600 --> 0:08:14.600 the drone around the area. 0:08:14.880 --> 0:08:17.840 The number of COVID cases is spiking across the country, 0:08:18.320 --> 0:08:22.320 sees as almost forty states are reporting high COVID activity levels. 0:08:22.640 --> 0:08:27.600 Emergency room visits are at their highest for coronavirus since February. 0:08:28.160 --> 0:08:31.960 Editor at large at KFF Health News, doctor Celine Gounder 0:08:32.200 --> 0:08:34.920 says more people are getting sick because they are traveling more. 0:08:35.440 --> 0:08:38.960 COVID is still one of the worst viral respiratory infections, 0:08:39.360 --> 0:08:42.839 and infants and kids may have little to no immunity 0:08:42.880 --> 0:08:45.959 to COVID. They also have smaller airways, so when they 0:08:46.000 --> 0:08:50.280 get a viral respiratory infection, which causes airway inflammation and 0:08:50.480 --> 0:08:53.600 mucus plugging, they're more likely to get into trouble. 0:08:54.040 --> 0:08:57.440 Doctor Slaine Gounder spoke to CBS Global to News twenty 0:08:57.440 --> 0:09:00.000 four hours a day and whenever you wanted with Bloomberg 0:09:00.080 --> 0:09:02.679 News Now, I'm Michael Barrn. This is Bloomberg Cara. 0:09:02.920 --> 0:09:09.400 All right, Michael barr thank you. Time now for the 0:09:09.440 --> 0:09:12.480 Bloomberg Sports Update with John stash Hour. John, good morning, 0:09:12.600 --> 0:09:13.360 Good morning Karen. 0:09:13.480 --> 0:09:15.800 Last two months, the Mets have been a far better 0:09:15.840 --> 0:09:17.760 team than the Yankees that it came through in the 0:09:17.800 --> 0:09:20.600 four Subway Series games last month in the City Field, 0:09:20.840 --> 0:09:23.240 Mets scored twenty one runs in two games. They won 0:09:23.280 --> 0:09:25.800 a three to two nail biter Tuesday in the Bronx, 0:09:25.800 --> 0:09:29.000 and then erupted for a dozen more runs last night, 0:09:29.040 --> 0:09:31.080 once again using the long ball. 0:09:31.640 --> 0:09:35.000 First pitch, swinging a high fly ball well hit left center. 0:09:35.080 --> 0:09:37.440 This one, my coach judge us back at it is 0:09:37.559 --> 0:09:41.720 God beyond the Mets Bull Pettitt left center field. Hellong 0:09:41.840 --> 0:09:46.200 hal run by Francisco Landor, his second hal run of 0:09:46.240 --> 0:09:49.960 the game is twenty first of the year three Rod 0:09:50.080 --> 0:09:51.920 Halber WCBS. 0:09:52.000 --> 0:09:55.400 Lindor's second was the mets fifth homer. They won twelve 0:09:55.480 --> 0:09:58.200 to three. At the end of May, Mets were twenty 0:09:58.240 --> 0:10:00.640 four and thirty three. Since then, the I've gone twenty 0:10:00.760 --> 0:10:04.160 nine and fifteen. Also June first, Yankees were flying high 0:10:04.440 --> 0:10:08.280 at forty and nineteen under five hundred sins. Since June twelfth, 0:10:08.320 --> 0:10:10.600 the Yankee record is eleven and twenty two. Their only 0:10:10.679 --> 0:10:13.400 game in that vine Baltimore. The Orioles have been slumping. 0:10:13.440 --> 0:10:15.640 Lost in Miami six to three. Red Sox lost at 0:10:15.640 --> 0:10:19.320 Colorado twenty to seven. Rockies tile club record for must 0:10:19.400 --> 0:10:21.800 runs in the game. Padres had twenty hits at a 0:10:21.800 --> 0:10:24.160 twelve to three rout of the Nationals. The Giants with 0:10:24.240 --> 0:10:26.720 a six run eighth innings Salvas won for the Dodgers 0:10:27.000 --> 0:10:29.560 eight to three. The Knicks ever awarded coach Tom Thibodeaux 0:10:29.559 --> 0:10:31.880 with a three year extension. He's now signed through twenty 0:10:32.000 --> 0:10:34.840 twenty eight. He's gotten into the playoffs in three of 0:10:34.880 --> 0:10:37.640 his four seasons. The legal battle apparently on between the 0:10:37.720 --> 0:10:40.760 NBA and TNT, who claims it had the right to 0:10:40.880 --> 0:10:44.120 match the deal the NBA signed with Amazon. Kevin Durant 0:10:44.160 --> 0:10:46.560 missed the five tune up games with the US Olympic 0:10:46.559 --> 0:10:48.680 basketball team due to a calf injury. He hopes to 0:10:48.679 --> 0:10:53.079 play Sunday against Serbia. The opening ceremonies in Paris are tomorrow, 0:10:53.080 --> 0:10:55.840 and the two US flag bearers voted on by the 0:10:55.880 --> 0:10:59.400 athletes Lebron James and Coco Goff, who had twenty will 0:10:59.440 --> 0:11:02.600 be the youngest of it. IOC announced that twenty thirty 0:11:02.600 --> 0:11:06.160 four Winter Games will be in Salt Lake City. John Stanshedward, 0:11:06.160 --> 0:11:07.959 Bloomberg Sports, Jaron Nathan. 0:11:09.880 --> 0:11:13.880 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:14.080 --> 0:11:17.000 and around the world on Bloomberg dot Com and the 0:11:17.040 --> 0:11:22.120 Bloomberg Business app. This is Bloomberg Daybreak Danger. 0:11:22.480 --> 0:11:25.920 President Biden says he is putting aside personal ambition in 0:11:25.960 --> 0:11:27.559 a bid to save democracy. 0:11:28.960 --> 0:11:32.080 I've decided the best way forward is the past the 0:11:32.120 --> 0:11:35.599 torch for a new generation. That's the best way to 0:11:35.679 --> 0:11:36.360 unine our nation. 0:11:36.960 --> 0:11:40.000 President used a primetime Oval Office address to explain his 0:11:40.080 --> 0:11:42.839 decision to end his reelection bid and what he hopes 0:11:42.880 --> 0:11:45.400 to get done for the rest of his term. For more, 0:11:45.440 --> 0:11:48.960 we are joined by Tina Fordham, founder and geopolitical strategist 0:11:49.000 --> 0:11:52.160 at Fordham Global Insight. Tina, good morning, your reaction to 0:11:52.200 --> 0:11:53.120 the President's speech. 0:11:55.520 --> 0:11:58.959 It's the end of an era. Joe Biden has served 0:11:59.080 --> 0:12:04.000 the country for for many decades and he's passed the torch. 0:12:04.800 --> 0:12:07.240 Some would say he took his time about it, but 0:12:07.640 --> 0:12:12.240 I think We have seen very clearly in the momentum 0:12:12.280 --> 0:12:16.920 behind Kamala Harris that there's a huge appetite for energy 0:12:17.000 --> 0:12:19.240 and for new voices in this race. 0:12:19.760 --> 0:12:23.360 Does that momentum last? Do you think there's only four 0:12:23.400 --> 0:12:24.680 months till the election? 0:12:26.120 --> 0:12:29.720 Well, and this is where being based in Europe is 0:12:29.800 --> 0:12:33.160 maybe a valuable perspective. You say only four months. We've 0:12:33.200 --> 0:12:36.400 just had two snap elections in just a few weeks 0:12:36.480 --> 0:12:39.959 time called in both the UK and France. I wonder 0:12:40.200 --> 0:12:45.439 if more compressed time frame doesn't actually help Harris. 0:12:46.400 --> 0:12:49.760 Why does a compressed timeframe mean for President Biden? He 0:12:49.840 --> 0:12:52.880 put out a pretty significant laundry list of things he 0:12:52.920 --> 0:12:56.600 would still like to accomplish over the next six months 0:12:56.600 --> 0:12:58.480 of his term, including Supreme quarter form. 0:13:00.000 --> 0:13:03.760 Absolutely well, it's definitely a wish list, that's the right 0:13:03.760 --> 0:13:06.080 thing to call it. Because of course Congress is going 0:13:06.080 --> 0:13:10.920 into recess shortly, and historically not a lot of legislation 0:13:11.000 --> 0:13:14.960 gets passed in the period before a US election, So 0:13:16.000 --> 0:13:19.080 it makes sense that Biden will want to find his 0:13:19.240 --> 0:13:22.559 legacy on leaving some kind of a stamp. But the 0:13:23.080 --> 0:13:28.000 pace of the legislative process and the focus on this election, 0:13:28.160 --> 0:13:31.240 which is extraordinary, no matter how you slice, it means 0:13:31.280 --> 0:13:35.120 that he probably won't be able to pull off quite 0:13:35.120 --> 0:13:36.240 as much as he would like. 0:13:36.880 --> 0:13:40.400 We're going to see the first glimpse of what the 0:13:40.400 --> 0:13:42.280 rest of a Biden term is going to look like 0:13:42.400 --> 0:13:46.040 later on today when the President and Vice President meet 0:13:46.120 --> 0:13:50.120 with Israeli Prime Minister Benjamin Netanyahu after his pretty fiery 0:13:50.160 --> 0:13:53.679 defense of the war in Gaza. What are you expecting 0:13:53.679 --> 0:13:54.840 from that encounter today? 0:13:56.320 --> 0:13:59.439 Well, there isn't a lot of love lost between Biden 0:13:59.559 --> 0:14:04.400 and to Yahoo, and you know, arguably the White House's 0:14:04.760 --> 0:14:08.120 full throat of support for Israel following October seventh has 0:14:08.600 --> 0:14:15.640 generated pretty significant negative blowback for the Biden administration. I 0:14:15.679 --> 0:14:18.959 also think that the timing of Netayahu's visit was somewhat 0:14:19.400 --> 0:14:23.240 unfortunate in that, you know, we've now pivoted to this 0:14:23.480 --> 0:14:28.040 very intense preoccupation with what happens next in US elections. 0:14:28.320 --> 0:14:32.240 I don't think that Biden will waiver in his commitment 0:14:32.560 --> 0:14:38.000 to supporting Israel, but the dynamics have changed so dramatically. 0:14:38.200 --> 0:14:41.240 From Harris, it would be wise for her to keep 0:14:41.280 --> 0:14:44.520 her powder dry, I think, and kind of let Biden 0:14:44.600 --> 0:14:48.040 own this relationship for now. Whilst saying the kind of 0:14:48.160 --> 0:14:52.080 requisite things about commitment to Israel as an ally and 0:14:52.120 --> 0:14:52.680 a partner. 0:14:53.120 --> 0:14:55.160 I'm curious as well, in our last minute to get 0:14:55.200 --> 0:14:57.440 your take on the pivot that we're seeing from former 0:14:57.480 --> 0:15:01.560 President Trump as he focuses now on his new opponent, 0:15:01.640 --> 0:15:07.120 Vice President Harris, calling her lion Kamala Borders are even 0:15:07.320 --> 0:15:11.400 talking about his position on abortion polling higher than hers. 0:15:11.440 --> 0:15:13.320 What do you make of the message from the president? 0:15:15.160 --> 0:15:17.960 I think it will come back to bite him. This 0:15:18.040 --> 0:15:20.320 is what I would say, And you know, as someone 0:15:20.360 --> 0:15:23.640 who's been working in financial markets for twenty five years 0:15:23.680 --> 0:15:26.000 and you know follows the discourse. I also think that 0:15:26.600 --> 0:15:30.840 investors have focused so much on the positives of a 0:15:30.880 --> 0:15:34.080 possible second Trump administration that they may not remember that 0:15:34.280 --> 0:15:37.200 things like reproductive rights matter to a lot of Americans, 0:15:37.200 --> 0:15:41.120 not just women, and not just Democrats. And so I'm 0:15:41.120 --> 0:15:44.960 not sure that Trump's strategy, with his you know, incredible nicknames, 0:15:44.960 --> 0:15:50.760 which have been so effective in marginalizing and even humiliating opponents, 0:15:50.920 --> 0:15:55.040 are going to dampen the energy that we're seeing from 0:15:55.080 --> 0:15:57.840 Harris right now, and they might backfire. I worry this 0:15:57.960 --> 0:16:01.800 gets very ugly in terms of the campaign rhetoric very fast. 0:16:02.160 --> 0:16:05.200 This is Bloomberg Daybreak Today, your morning brief on the 0:16:05.240 --> 0:16:08.680 stories making news from Wall Street to Washington and beyond. 0:16:08.960 --> 0:16:11.720 Look for us on your podcast feed at six am 0:16:11.800 --> 0:16:15.440 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:15.520 --> 0:16:16.680 get your podcasts. 0:16:16.800 --> 0:16:19.520 You can also listen live each morning starting at five 0:16:19.560 --> 0:16:22.200 am Wall Street Time, on Bloomberg eleven three to zero 0:16:22.200 --> 0:16:25.080 in New York, Bloomberg ninety nine to one in Washington, 0:16:25.160 --> 0:16:28.040 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:28.120 --> 0:16:29.800 ninety sixty in San Francisco. 0:16:30.160 --> 0:16:33.320 Our flagship New York station is also available on your 0:16:33.360 --> 0:16:38.800 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:38.840 --> 0:16:42.400 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:16:42.560 --> 0:16:46.320 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager 0:16:46.400 --> 0:16:47.680 and I'm Karen Moscow. 0:16:47.760 --> 0:16:50.520 Join us again tomorrow morning for all the news you 0:16:50.640 --> 0:17:03.040 need to start your day right here on Bloomberg Daybreak