Stocks Stable Ahead of Key Data; Biden on Why He Dropped Out

Bloomberg Audio Studios, podcasts, radio news. Good morning, I'm Nathan. 0:00:11.160 --> 0:00:13.720 Hager and I'm John Tucker. Here are these stories we're 0:00:13.720 --> 0:00:14.720 following today. 0:00:14.480 --> 0:00:17.400 John, what a difference a week makes. Last Monday, you'll 0:00:17.400 --> 0:00:21.920 recall global markets sold off, unleashed by a small policy 0:00:21.960 --> 0:00:24.599 shift from the Bank of Japan and resurgent fears of 0:00:24.640 --> 0:00:27.800 a recession in the US. Well, since then, calm has 0:00:27.880 --> 0:00:32.080 been restored to markets. Stocks are once again stabilizing this morning. 0:00:32.280 --> 0:00:35.960 Julian Emmanuel, Senior managing director at Evercore ISI, thinks the 0:00:36.000 --> 0:00:37.560 worst is behind us. 0:00:37.920 --> 0:00:39.280 With the VIX in the twenties. 0:00:39.520 --> 0:00:42.879 Still, you can never be confident of the calm, and 0:00:42.920 --> 0:00:47.919 we've certainly got some very important inflation numbers, but we 0:00:48.080 --> 0:00:53.280 do think that the violence of what we've seen indicates that, 0:00:53.400 --> 0:00:54.920 in all likelihood. 0:00:54.560 --> 0:00:55.680 The worst of it is over. 0:00:55.960 --> 0:00:58.440 Never, of course, Julian Emmanuel, the S and P five 0:00:58.520 --> 0:01:02.080 hundred has closed down for four straight weeks, its longest 0:01:02.160 --> 0:01:03.960 losing streak in almost a year. 0:01:04.160 --> 0:01:07.360 Yeah, the big market catalysts this week may come out Wednesday. 0:01:07.400 --> 0:01:09.520 That's when we get a new reading on inflation. The 0:01:09.600 --> 0:01:12.720 consumer price index for July expected to have risen two 0:01:12.760 --> 0:01:16.000 tenths percent. From June for both the headline figure and 0:01:16.120 --> 0:01:19.520 the so called core gauge that strips out food and energy. 0:01:19.920 --> 0:01:23.920 Alan Andrew Holland Horst is chief US economist at City. 0:01:23.959 --> 0:01:25.959 I think it's going to be softer, and that is 0:01:26.000 --> 0:01:28.559 why the focus has really shifted to the labor market 0:01:28.600 --> 0:01:30.679 and to growth, and that data is getting more attention. 0:01:31.120 --> 0:01:33.479 We have zero point one eight percent month on month. 0:01:33.720 --> 0:01:35.920 I think the number to look for is that is 0:01:35.959 --> 0:01:39.440 that core CPI number is going to be less than 0:01:39.560 --> 0:01:42.400 zero point two five percent month on month. 0:01:42.840 --> 0:01:45.319 Andrew Holland Horst at City Group. According to the Bank, 0:01:45.640 --> 0:01:48.160 traders are positioning for the S and P five hundred 0:01:48.160 --> 0:01:51.720 to move one point two percent in either direction when 0:01:51.720 --> 0:01:54.360 the Consumer Price Index report is released. 0:01:54.520 --> 0:01:54.640 Well. 0:01:54.680 --> 0:01:58.480 Meanwhile, John another FED officials cautioning investors not to expect 0:01:58.560 --> 0:02:02.840 a definite rate. FED Governor Michelle Bowman says she still 0:02:02.880 --> 0:02:06.440 sees upside risks for inflation and continued strength in the 0:02:06.520 --> 0:02:09.720 labor market. Money markets have fully priced a rate cut 0:02:09.760 --> 0:02:12.239 in September and about one hundred basis points of easing 0:02:12.280 --> 0:02:12.760 for the year. 0:02:13.320 --> 0:02:15.560 Got to expect more rate cuts overseas. In fact of 0:02:15.560 --> 0:02:19.560 Bloomberg's survey of forecasters expects the European Central Bank to 0:02:19.639 --> 0:02:22.200 cut rates six times by the end of the year. 0:02:22.760 --> 0:02:25.120 The survey sees the benchmark rate hitting two and a 0:02:25.200 --> 0:02:29.720 quarter percent in December twenty twenty five, following six consecutive 0:02:29.840 --> 0:02:31.160 quarter point reductions. 0:02:31.360 --> 0:02:33.600 Let's get to the latest in the presidential race now, 0:02:33.680 --> 0:02:36.959 John President Biden is giving his fullest explanation yet for 0:02:37.000 --> 0:02:40.200 why he decided to end his reelection campaign. In an 0:02:40.200 --> 0:02:43.560 interview on CBS Sunday Morning, the President described the pressure 0:02:43.600 --> 0:02:45.960 within his own party to step aside. 0:02:45.880 --> 0:02:48.880 Foth we had showed that it was neck and neck 0:02:48.960 --> 0:02:51.959 race would have been down on the wire. But what 0:02:52.080 --> 0:02:56.480 happened was a number of my Democratic colleagues in the 0:02:56.560 --> 0:03:00.280 House of Senates thought that I was hurt him in 0:03:00.320 --> 0:03:01.359 the racis. 0:03:01.160 --> 0:03:03.519 And he named Checked, the former Speaker of the House, 0:03:03.600 --> 0:03:06.000 as one of the Democrats who applied that pressure. 0:03:06.320 --> 0:03:10.160 I was concerned if I stayed in the race, that 0:03:10.200 --> 0:03:13.080 would be the topic you'd be interviewing about. Why did 0:03:13.400 --> 0:03:17.600 Nancy Pelosi say? Why did so on it? And I 0:03:17.600 --> 0:03:18.920 thought it would be a real distraction. 0:03:19.320 --> 0:03:22.760 President Biden said, it's most important that Democrats defeat former 0:03:22.800 --> 0:03:25.880 President Trump. CBS Sunday Morning can be heard Sunday mornings 0:03:25.880 --> 0:03:29.320 at ten on Bloomberg Radio in New York, Boston, and Washington, 0:03:29.360 --> 0:03:29.600 d C. 0:03:30.040 --> 0:03:33.280 Vince President Kamala Harris has followed up her swing state 0:03:33.360 --> 0:03:36.720 tour with a fundraiser in San Francisco. That story this 0:03:36.800 --> 0:03:38.520 morning from Bloomberg's Ed Bangster. 0:03:39.560 --> 0:03:42.280 Harris returned to her home base, raising more than twelve 0:03:42.360 --> 0:03:45.800 million dollars on an event attended by top California Democrats. 0:03:46.240 --> 0:03:49.760 Guests at the event included Tom Steyer, San Francisco Giant 0:03:49.840 --> 0:03:54.560 CEO Larry Bear, Hollywood mogul Jeffrey Katzenberg, along with former 0:03:54.560 --> 0:03:58.920 Housepeaker Nancy Pelosi and Governor Gaven Newsom. Her campaign also 0:03:58.960 --> 0:04:01.440 is reporting she raised three hundred and ten million dollars 0:04:01.440 --> 0:04:04.760 in July. Now, the New New York Times and Sienna 0:04:04.840 --> 0:04:09.760 College Pole shows her running six points ahead in Wisconsin, Pennsylvania, 0:04:09.800 --> 0:04:13.920 and Michigan outside the two point five percent margin of error, 0:04:14.240 --> 0:04:17.520 and the latest Bloomberg Morning Console poll says even with 0:04:17.640 --> 0:04:21.839 Donald Trump in the aggregate swing states. Ad Baxter, Bloomberg. 0:04:21.520 --> 0:04:24.080 Radio, all right and thank you now. Former President Trump's 0:04:24.080 --> 0:04:27.479 next bid to stall. Vice President Harris's momentum will be 0:04:27.560 --> 0:04:30.000 on social media. Trump plans to sit for an interview 0:04:30.000 --> 0:04:34.040 tonight on X with its owner Elon Musk. The billionaire 0:04:34.120 --> 0:04:37.800 is promising an unscripted conversation with no limits on subject 0:04:37.800 --> 0:04:40.919 matter bus Musk often butted heads with Trump when he 0:04:40.960 --> 0:04:43.080 was in the White House, but he did endorse the 0:04:43.080 --> 0:04:45.640 former president after the attempt on his life last month. 0:04:45.920 --> 0:04:48.880 Elon Musk's interview with former President Trump on X is 0:04:48.920 --> 0:04:50.760 set for eight pm Wall Street Time, and you can 0:04:50.760 --> 0:04:52.359 listen live on Bloomberg. 0:04:51.960 --> 0:04:55.000 Radio and now see the latest developments in the Middle East. 0:04:55.360 --> 0:04:58.480 The leaders of France, Germany and Britain have endorsed calls 0:04:58.480 --> 0:05:02.280 for a ceasefire Gonza, the return of scores of hostages 0:05:02.320 --> 0:05:06.440 held by Hamas, and the unfettered delivery of humanitarian aid 0:05:06.880 --> 0:05:09.920 you know. A joint statement released today, they endorsed the latest 0:05:09.960 --> 0:05:13.080 push by the United States cutter in Egypt to broker 0:05:13.160 --> 0:05:16.880 in agreement to end the tenth month old Israel Hamas war. 0:05:17.040 --> 0:05:18.240 Well those hopes fair truth. 0:05:18.320 --> 0:05:21.960 Follow a weekend bombing at a school in Gaza, Israel 0:05:22.040 --> 0:05:27.400 says the airstrike, which has drawn international condemnation, targeted approximately 0:05:27.440 --> 0:05:31.440 two dozen members of Hamas and Islamic Jahad Stuart Livingston 0:05:31.480 --> 0:05:34.520 Wallace heads up Bloomberg News Middle East coverage. 0:05:34.080 --> 0:05:37.760 Within Gaza, we have had multiple instances of I suppose 0:05:37.800 --> 0:05:41.640 civilian areas being hit because as far as Israel was concerned, 0:05:41.839 --> 0:05:44.360 you know, you had mass fighters or her mass leadership 0:05:44.440 --> 0:05:48.240 or her mass command centers within those populations. So does 0:05:48.279 --> 0:05:51.520 it fundamentally change the narrative of what been seeing building 0:05:51.600 --> 0:05:54.480 up over the last week? Probably not know, Yes, lots 0:05:54.480 --> 0:05:57.000 of condemnation, but we still appear to be on for 0:05:57.240 --> 0:05:59.000 ceasefire talks on Thursday. 0:05:59.080 --> 0:05:59.200 Now. 0:05:59.240 --> 0:06:01.640 The location of a little bit up in there is 0:06:01.640 --> 0:06:05.000 probably going to be Doho or Cairo, but nothing confirmed yet. 0:06:05.080 --> 0:06:08.320 Bloomberg Stewart Livingston Walla says there is still major concern 0:06:08.360 --> 0:06:11.599 that Iran will retaliate against Israel following the killing of 0:06:11.640 --> 0:06:14.719 two senior militants last month in Beirut and Tehran. 0:06:15.160 --> 0:06:17.960 And finally, the Olympics have drawn to a close, but 0:06:18.040 --> 0:06:20.760 a gold medal to those fortunate enough to win one 0:06:21.000 --> 0:06:23.240 now worth more than ever they could fetch, about nine 0:06:23.279 --> 0:06:27.400 hundred dollars each. The medals contain six grams of gold, 0:06:27.400 --> 0:06:30.320 the price of which soared to a record in mid July. 0:06:30.920 --> 0:06:34.200 Prices also substantially hired this year for silver, which makes 0:06:34.279 --> 0:06:36.560 up at least ninety two percent of the weight of 0:06:36.800 --> 0:06:43.240 gold medals, and that brings us to five seven. The 0:06:43.279 --> 0:06:44.880 Old Wall Street timed out for a look at some 0:06:44.920 --> 0:06:46.880 of the other stories making news in New York and 0:06:47.240 --> 0:06:51.320 around the world. We say good morning to Bloomberg's Michael Barr. 0:06:51.240 --> 0:06:54.359 Thank you very much, John. Russia is still trying to 0:06:54.360 --> 0:06:58.240 regain control of several villages. Today mark six days since 0:06:58.360 --> 0:07:03.800 Ukraine sent a large number of true hoops onto Russian soil. 0:07:04.120 --> 0:07:07.640 Moscow says about seventy six thousand Russian civilians have now 0:07:07.720 --> 0:07:12.520 fled and are housed in shelters. Dozens of Russian soldiers surrendering. 0:07:12.880 --> 0:07:16.840 State TV shows Russia racing to send reinforcements to the region, 0:07:17.040 --> 0:07:20.800 trying to gain the upper hand. Ukrainian President Lenski, for 0:07:20.840 --> 0:07:25.000 the first time over the weekend, confirmed his operation. Senate 0:07:25.040 --> 0:07:28.000 majority leader Chuck Schumer blasted a plan he says came 0:07:28.080 --> 0:07:32.120 from far right Republicans that would significantly cut the proposed 0:07:32.160 --> 0:07:35.640 budget of the Centers for Disease Control and Prevention by 0:07:35.840 --> 0:07:39.680 twenty two percent. Speaking in New York, Schumer warns that 0:07:39.720 --> 0:07:43.480 these kinds of cuts would ultimately endanger the public. 0:07:43.840 --> 0:07:45.280 That is outrageous. 0:07:45.680 --> 0:07:50.160 That is outrageous, twenty two percent cut in the CDC 0:07:50.360 --> 0:07:54.000 budget at a time of a food safety crisis. Schumer 0:07:54.200 --> 0:07:57.360 citing the ongoing Lasteria outbreak with the Deli meat that 0:07:57.480 --> 0:08:00.440 have killed several Americans and sick and dozens of others 0:08:00.760 --> 0:08:04.840 as one reason why the public needs the CDC. Jury 0:08:04.920 --> 0:08:07.560 selection is scheduled to begin today in Las Vegas and 0:08:07.560 --> 0:08:10.880 the murdered trial of a former Clark County Public administrator. 0:08:11.360 --> 0:08:15.680 Prosecutors alleged Robert tell Us killed Las Vegas Reviewed Journal 0:08:15.720 --> 0:08:20.080 reporter Jeff Jerman in September of twenty twenty two. The 0:08:20.160 --> 0:08:23.200 Las Vegas Reviewed Journal's attorneys say they planned to hand 0:08:23.240 --> 0:08:26.840 over thousands of electronic files belonging to the victim that 0:08:26.920 --> 0:08:29.840 could delay the start of the trial. Finally, as we've 0:08:29.880 --> 0:08:32.400 been talking about, the twenty twenty four Summer Games come 0:08:32.440 --> 0:08:35.760 to a close in Paris, all ready to countdown begins 0:08:35.760 --> 0:08:39.560 for the games in Los Angeles. Athletes like USA soccer 0:08:39.600 --> 0:08:43.000 star Sophia Smith tell us twenty twenty eight is. 0:08:42.960 --> 0:08:43.880 Not that far off. 0:08:44.160 --> 0:08:46.160 Some of our games here fall like home games, and 0:08:46.200 --> 0:08:49.440 that's people traveling fans here playing at home is going 0:08:49.520 --> 0:08:51.560 to just be like insane. 0:08:51.640 --> 0:08:55.319 Tom Cruise made a Hollywood style entrance at the closing ceremony, 0:08:55.360 --> 0:08:59.520 repelling down onto the stadium, riding off with the Olympic 0:08:59.600 --> 0:09:03.200 flag on a motorcycle bound fore La. John Stashower will 0:09:03.240 --> 0:09:06.240 have more on the games just a moment. Global News 0:09:06.240 --> 0:09:07.800 twenty four hours a day, whenever you want it with 0:09:07.800 --> 0:09:09.680 Bloomberg News Now. I'm Michael Barret. 0:09:09.760 --> 0:09:10.680 This is Bloomberg. 0:09:10.760 --> 0:09:17.520 John, Michael, thank you. And that brings us to five 0:09:17.520 --> 0:09:19.679 to ten on twell straight. Yeah, it's a time put 0:09:19.679 --> 0:09:22.120 the Bloomberg Sports updates. Hem wee SI, Good morning to 0:09:22.200 --> 0:09:23.160 John Stashower. 0:09:23.320 --> 0:09:24.760 All right, good morning, John Zucker. 0:09:24.760 --> 0:09:26.520 Pretty hard to have a worst weekend than what the 0:09:26.679 --> 0:09:29.559 Mets just had in Seattle. They lost six to not 0:09:29.720 --> 0:09:31.600 they and then four not they did last night they 0:09:31.600 --> 0:09:34.360 lost twelve to one. In the series, only seventeen hit 0:09:34.400 --> 0:09:37.160 struck out twenty eight times. Thirteen of those came last night. 0:09:37.200 --> 0:09:39.800 The Mariners got two home runs from cal Raley. They 0:09:39.840 --> 0:09:42.800 sent Louis Seventino to another loss. He's given up fourteen 0:09:42.840 --> 0:09:44.920 earned runs in his last three starts. Met's still only 0:09:44.960 --> 0:09:48.240 a half game out for the third National League wildcard spot. 0:09:48.280 --> 0:09:50.920 That's due to Atlanta losing seven in the last eight. 0:09:51.000 --> 0:09:53.120 The Brave's in an eight to two eighth inning lead 0:09:53.200 --> 0:09:56.560 of Colorado and lost nine to eight. Yankees nearly blew 0:09:56.559 --> 0:09:58.320 a big lead. They were up six to one on Texas. 0:09:58.320 --> 0:09:59.840 They led eight to three in the eighth inning. They 0:09:59.800 --> 0:10:03.120 held beat the Rangers eight seven, two home runs for one. 0:10:03.240 --> 0:10:06.240 Soto his fifth multi home run game. John Carlos Stanton 0:10:06.240 --> 0:10:08.400 had a three run shot and Aaron Judge he had 0:10:08.440 --> 0:10:10.920 home run number forty two. The Orioles lost to to 0:10:10.920 --> 0:10:14.319 one at Tampa Bay Baltimore and the Yanks tied for first. 0:10:14.360 --> 0:10:17.280 Houston Astros finished a sweep for the Red Sox ten 0:10:17.360 --> 0:10:19.680 to two. The Olympics did end. They ended with the 0:10:19.679 --> 0:10:22.360 gold medal game in women's basketball. The US able to 0:10:22.400 --> 0:10:25.520 win it's eighth gold in a row, literally by inches. 0:10:26.120 --> 0:10:27.920 France made a shot at the end with a foot 0:10:27.960 --> 0:10:30.679 on the line, so a two point shot, not a three, 0:10:30.720 --> 0:10:32.800 and the US one by one. 0:10:32.880 --> 0:10:34.920 Aga Wilson scored twenty one points. 0:10:35.240 --> 0:10:37.240 When the buzzer went off and then backboard turned red, 0:10:37.240 --> 0:10:38.560 I was like, oh my god, it was a two, 0:10:38.880 --> 0:10:41.520 and then it hit me. I was like, wait, no, 0:10:41.640 --> 0:10:44.319 we won, and so it was just a surreal moment. 0:10:44.320 --> 0:10:46.080 But it was just a I love the environment, I 0:10:46.120 --> 0:10:48.960 love the atmosphere. Piers was great, just having a lot 0:10:49.000 --> 0:10:51.960 of fun. We went, we battled, we based some adversity, 0:10:51.960 --> 0:10:53.520 but we came out on top and kept the maintaing. 0:10:53.559 --> 0:10:55.920 The main thing it was the fortieth gold medal won 0:10:55.960 --> 0:10:58.520 by the US, which tied them with China. Giants practice 0:10:58.559 --> 0:11:00.680 rookie Wane Apta Lake Neighbors, the first round pick who's 0:11:00.679 --> 0:11:03.640 had an impressive training camp, suffered with the Giants a 0:11:03.760 --> 0:11:07.000 as a minor ankles. Brandon Giants also say Daniel Jones 0:11:07.080 --> 0:11:09.240 with the starting quarterback of the preseason game Saturday, and 0:11:09.320 --> 0:11:12.120 Houston hasn't played since the ACL last season. 0:11:12.200 --> 0:11:14.520 John Stashet were Bloomberg Sports johonn Nathan. 0:11:16.480 --> 0:11:20.600 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:20.720 --> 0:11:23.600 and around the world on Bloomberg dot Com and the 0:11:23.640 --> 0:11:28.200 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:11:28.280 --> 0:11:28.880 Nathan Hager. 0:11:29.040 --> 0:11:32.440 Less than three months until the November election, President Biden 0:11:32.679 --> 0:11:35.440 is offering his most detailed explanation yet for why he 0:11:35.600 --> 0:11:38.200 decided to drop out of the race three weeks ago. 0:11:38.360 --> 0:11:41.000 He did it in an interview on CBS Sunday morning. 0:11:41.400 --> 0:11:42.079 When I ran the. 0:11:42.040 --> 0:11:45.400 First time, I thought of myself as being a transition president. 0:11:46.320 --> 0:11:48.120 I can't even say how old I am. It's hard 0:11:48.120 --> 0:11:51.360 for me to get out of my mouth. And but 0:11:51.720 --> 0:11:55.360 things got moving so quickly. It didn't happen. 0:11:55.679 --> 0:11:58.280 But now, after hearing from down ballot Democrats that he 0:11:58.320 --> 0:12:01.280 could hurt their chances in November, President Biden says he 0:12:01.320 --> 0:12:04.360 did not want to be seen as a distraction. Joining 0:12:04.440 --> 0:12:07.280 us for more on where the race stands now is 0:12:07.360 --> 0:12:11.320 Bloomberg News Senior editor Bill Ferries, Bill, Good morning. Do 0:12:11.400 --> 0:12:14.560 you get the sense from that interview with President Biden 0:12:14.600 --> 0:12:18.000 that it was a mutual decision between him and congressional 0:12:18.080 --> 0:12:22.560 Democrats to step aside, or that the President still holds 0:12:22.559 --> 0:12:25.120 out the idea that he could have won if he 0:12:25.120 --> 0:12:25.920 had stayed in. 0:12:26.880 --> 0:12:29.600 Well, he went on in that interview to say that, 0:12:29.640 --> 0:12:31.880 you know, the polls showed it was going to be 0:12:32.040 --> 0:12:34.400 neck and neck right down to the wire at the end. 0:12:35.280 --> 0:12:38.640 I think, you know, people looking back at that would say, 0:12:38.679 --> 0:12:41.120 you know, the polls, the momentum seem to certainly be 0:12:41.280 --> 0:12:44.640 with Donald Trump, And we know now that a lot 0:12:44.640 --> 0:12:46.960 of the money, a lot of the donations that are 0:12:47.000 --> 0:12:49.680 so key to running the campaign had really dropped off, 0:12:49.679 --> 0:12:56.400 and you've seen that rebound really quickly with Kamala Harris's candidacy. 0:12:56.559 --> 0:12:58.960 But yeah, it does sound like the you know, the 0:12:59.000 --> 0:13:03.080 president trying to you know, find a way to explain 0:13:03.160 --> 0:13:06.440 what happened without kind of admitting to a lot of 0:13:06.440 --> 0:13:09.640 the pressure that came down on him in those waning days. 0:13:09.840 --> 0:13:12.160 Now to that point, Bill, we're certainly seeing the evidence 0:13:12.200 --> 0:13:15.760 of the momentum shift since Harris took the baton with 0:13:16.000 --> 0:13:20.400 this latest fundraiser in her home turf of San Francisco, 0:13:20.679 --> 0:13:23.440 and a new New York Times Santa College poll that 0:13:23.520 --> 0:13:26.280 shows a bump for her in some key swing states. 0:13:27.240 --> 0:13:32.000 Yeah, Kamala Harris holding a four point lead over Donald 0:13:32.000 --> 0:13:36.280 Trump outside the margin vera in three of those key 0:13:36.320 --> 0:13:39.160 swing states. And then going back to her you know 0:13:39.440 --> 0:13:42.679 where she started in politics in San Francisco, picking up 0:13:42.679 --> 0:13:46.560 a cool twelve million dollars at one event with you know, 0:13:46.640 --> 0:13:50.800 investor Tom Steyer, the CEO of the San Francisco Giants, 0:13:50.880 --> 0:13:55.240 Larry Bear, Jeffrey Katzenberg, Governor Newsom a real kind of 0:13:55.559 --> 0:13:59.679 outpouring of support for her there, and so just kind 0:13:59.679 --> 0:14:02.840 of keying that money train rolling that we've seen since 0:14:02.880 --> 0:14:05.000 she got into the race on July twenty first. 0:14:05.600 --> 0:14:09.120 Now we are expecting President Biden and Vice President Harris 0:14:09.120 --> 0:14:12.240 to appear together for the first time since he bowed 0:14:12.280 --> 0:14:15.400 out and she came in. How important is it for 0:14:15.480 --> 0:14:18.880 the president to get back on the trail with Vice 0:14:18.920 --> 0:14:22.080 President Harris and sort of flesh out her economic message 0:14:22.080 --> 0:14:22.520 this week? 0:14:23.440 --> 0:14:27.000 I mean, I think there's certainly symbolic importance of having 0:14:27.000 --> 0:14:30.040 them out there to show that he is really with her. 0:14:30.920 --> 0:14:33.200 It will be interesting to see how much he is 0:14:33.280 --> 0:14:36.160 really out there on the campaign trail in the weeks 0:14:36.200 --> 0:14:40.600 and months ahead, whether that's something that really helps Harris 0:14:40.920 --> 0:14:43.240 or you know, and where he is deployed. Is he 0:14:43.280 --> 0:14:46.280 deployed to battleground states or is he deployed to more 0:14:47.080 --> 0:14:49.880 safe havens for the Democrats. So that's something I think 0:14:49.920 --> 0:14:53.480 we're going to watch. But it is certainly symbolically important 0:14:53.720 --> 0:14:57.440 to have them together at a campaign event and kind 0:14:57.480 --> 0:15:00.360 of put to put to bed some of the some 0:15:00.440 --> 0:15:02.960 of the you know, I think maybe some of the 0:15:03.000 --> 0:15:05.840 talk on the fringe about how how this was kind 0:15:05.880 --> 0:15:09.440 of the Democrats ousted him, and that as Donald Trump 0:15:09.440 --> 0:15:13.040 has repeatedly tried to say that, you know, Biden wants 0:15:13.160 --> 0:15:15.600 back in. I think we're gonna see that put to rest. 0:15:15.720 --> 0:15:18.160 But it will be. It will be an interesting moment, 0:15:18.200 --> 0:15:20.760 and we'll be watching to see how often they appear together. 0:15:20.960 --> 0:15:22.720 How interesting a moment do you think it's going to 0:15:22.760 --> 0:15:26.840 be tonight when former President Trump is expected to sit 0:15:26.920 --> 0:15:29.680 down with Elon Musk on X this evening. 0:15:30.160 --> 0:15:32.600 Get your popcorn out. It's gonna be. It could be 0:15:32.600 --> 0:15:35.560 a free for all. We have no idea what kind 0:15:35.600 --> 0:15:38.960 of tangents that direct that that interview, as they're calling 0:15:39.000 --> 0:15:42.600 it will go. And you know, when Ron DeSantis announced 0:15:42.600 --> 0:15:45.520 his candidacy on X, there were it was plagued by 0:15:45.520 --> 0:15:48.320 a lot of technical issues. So Elon Musk has been 0:15:48.320 --> 0:15:51.360 out there saying that they're testing the cypism to make 0:15:51.400 --> 0:15:53.640 sure nothing nothing like that happens. 0:15:53.680 --> 0:15:53.920 Again. 0:15:54.400 --> 0:15:58.080 If you go to Elon's tweet about this whole thing happening, 0:15:58.920 --> 0:16:02.640 a lot of his kind of the hardcore supporters are 0:16:02.800 --> 0:16:05.440 asking questions about you know, they want to see questions 0:16:05.440 --> 0:16:08.880 asked about a lot of conspiracy theories. So I don't 0:16:08.880 --> 0:16:10.680 know where this is going to go, but certainly it's 0:16:10.680 --> 0:16:12.200 going to be an interesting moment. 0:16:12.440 --> 0:16:15.480 This is Bloomberg Daybreak Today, your morning brief on the 0:16:15.520 --> 0:16:18.960 stories making news from Wall Street to Washington and beyond. 0:16:19.200 --> 0:16:21.560 Look for us on your podcast feed by six am 0:16:21.600 --> 0:16:25.320 Eastern each morning, on Apples, Spotify, and anywhere else you 0:16:25.400 --> 0:16:26.520 get your podcasts. 0:16:26.760 --> 0:16:29.440 You can also listen live each morning starting at five 0:16:29.480 --> 0:16:32.120 am Wall Street time on Bloomberg eleven three to oho 0:16:32.120 --> 0:16:35.000 in New York, Bloomberg ninety nine to one in Washington, 0:16:35.080 --> 0:16:38.280 Bloomberg one oh sixty one in Boston, and Bloomberg ninety 0:16:38.320 --> 0:16:39.720 sixty in San Francisco. 0:16:39.920 --> 0:16:42.560 Our flagship New York station is also available on your 0:16:42.600 --> 0:16:47.320 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:16:47.400 --> 0:16:50.360 Listen coast to coast on the Bloomberg Business app, serious 0:16:50.520 --> 0:16:54.479 XM Channel one nineteen, the iHeartRadio app, and on Bloomberg 0:16:54.600 --> 0:16:55.160 dot Com. 0:16:55.200 --> 0:16:57.560 I'm Nathan Hager and I'm John Tucker. Join us again 0:16:57.600 --> 0:16:59.600 tomorrow morning for all the news you need to start 0:16:59.640 --> 0:17:01.920 your day. Right here a Bloomberg take Right