Trump-Biden Rematch; TikTok Bill Latest

Bloomberg Audio Studios, Podcasts, radio news. 0:00:10.640 --> 0:00:12.440 Good morning, I'm Nathan Hager. 0:00:12.360 --> 0:00:15.600 And I'm Karen Moscow. Here are the stories we're following today. 0:00:15.920 --> 0:00:19.360 The rematch is all but set. President Joe Biden and 0:00:19.480 --> 0:00:23.880 former President Donald Trump have clinched their party's presidential nominations 0:00:24.040 --> 0:00:27.680 with decisive victories in a slate of low profile primaries 0:00:27.680 --> 0:00:32.000 in Georgia, Mississippi, Washington State, and Hawaii. Bloomberg White House 0:00:32.040 --> 0:00:34.520 reporter Stephanie Lai says it's going to be a long 0:00:34.640 --> 0:00:36.400 race to the vote in November. 0:00:36.640 --> 0:00:39.959 What's really notable is just how early it is now 0:00:40.000 --> 0:00:42.040 that we're just part way through March. This is much 0:00:42.080 --> 0:00:46.839 earlier than the other candidates, Clinch's nomination when they were 0:00:46.880 --> 0:00:49.720 in a crowded field and before they were the incumbent 0:00:49.760 --> 0:00:52.400 in the race. What it means now that we have 0:00:52.440 --> 0:00:54.600 eight months before the general election is this might be 0:00:54.720 --> 0:00:59.800 the longest general election matchup in recent history, and so 0:01:00.040 --> 0:01:04.240 we should expect many, many attack ads, many rallies, and 0:01:04.720 --> 0:01:08.080 possibly even voter fatigue with just the sheer amount of 0:01:08.560 --> 0:01:11.320 back and forth and polarized messaging that we're going to 0:01:11.360 --> 0:01:12.640 see in the next eight months. 0:01:12.800 --> 0:01:16.600 Bloomberg Stephanie Lai notes Trump leads Biden in seven swing states, 0:01:16.600 --> 0:01:19.640 pulled by Bloomberg News in Morning consult. The former president 0:01:19.720 --> 0:01:23.160 has repeatedly slammed Biden's immigration policies, as well as his 0:01:23.280 --> 0:01:26.640 age and memory, even as Trump has faced questions about 0:01:26.680 --> 0:01:28.880 his own mental acuity well Nathan. 0:01:29.000 --> 0:01:32.480 Questions about President Biden's mental fitness took center stage with 0:01:32.560 --> 0:01:36.160 Special Counsel Robert Hurr on Capitol Hill. He's the prosecutor 0:01:36.200 --> 0:01:38.679 who declined to charge the President over his handling of 0:01:38.720 --> 0:01:42.120 classified documents and a report that described Biden as a 0:01:42.160 --> 0:01:45.240 well meaning elderly man with a poor memory. Her took 0:01:45.240 --> 0:01:48.640 by partisan fire before the House Judiciary Committee. From Republican 0:01:48.720 --> 0:01:50.240 at Tom McClintock. 0:01:49.920 --> 0:01:52.520 All I have to do when I'm caught taking home 0:01:52.920 --> 0:01:56.480 classified materials to say, I'm sorry, mister Herbert, but I'm 0:01:56.480 --> 0:01:57.040 getting old. 0:01:57.080 --> 0:01:58.240 My memory is not so great. 0:01:58.920 --> 0:02:01.840 Yeah, Congressman, Now, this is the doctrine that you've established 0:02:01.840 --> 0:02:03.680 in our laws now, and it's frightening. 0:02:05.480 --> 0:02:07.960 Congressman, my intent is certainly not to establish any sort 0:02:07.960 --> 0:02:08.920 of doctrine. 0:02:09.320 --> 0:02:12.440 And from Democrat Adam Schiff, you chose. 0:02:12.160 --> 0:02:15.120 A general pejorative reference to the president. 0:02:15.480 --> 0:02:17.359 You understood when you made that decision. 0:02:17.400 --> 0:02:21.000 Didn't mister Herr, that you would ignite a political firestorm 0:02:21.120 --> 0:02:22.320 with that language, didn't. 0:02:22.120 --> 0:02:27.280 You, Congressman, politics played no part whatsoever in my investigative steps. 0:02:27.880 --> 0:02:30.760 Special Counsel her says he needed to show his work 0:02:30.800 --> 0:02:33.200 when it came to deciding not to charge the president. 0:02:33.440 --> 0:02:36.959 He says he did not sanitize the explanation or disparash 0:02:37.040 --> 0:02:38.360 the president unfairly. 0:02:38.600 --> 0:02:42.440 Staying in Washington, cativity has picked up dramatically in both 0:02:42.440 --> 0:02:45.000 the House and Senate over the bill that could force 0:02:45.080 --> 0:02:49.360 China's Byte Dance to sell TikTok Bloomberg's at Baxter has more. 0:02:49.720 --> 0:02:51.679 A vote is scheduled for the House today and is 0:02:51.760 --> 0:02:55.120 expected to get the two thirds majority vote needed. Former 0:02:55.160 --> 0:02:59.040 Housepeaker Nancy Pelosi on Bloomberg says, they are not attempting 0:02:59.120 --> 0:02:59.840 to bantick. 0:03:00.320 --> 0:03:03.120 We want TikTok to exist. We're not there to ban it. 0:03:03.560 --> 0:03:05.840 I've said, we want to make it TikTok toe. We 0:03:05.880 --> 0:03:09.800 want to make it something that is not a fearful 0:03:09.880 --> 0:03:14.040 social media platform, but one that is very positive. And 0:03:14.080 --> 0:03:16.480 in order to do that, we have to see the 0:03:16.520 --> 0:03:19.600 divesting of it from the Chinese government. 0:03:20.200 --> 0:03:23.280 Now TikTok Ceo show show has been on Capitol Hall 0:03:23.400 --> 0:03:26.800 to talk with senators vote. There is expected to be 0:03:26.880 --> 0:03:29.200 much tighter at Baxter Bloomberg Radio. 0:03:29.480 --> 0:03:30.480 All right, ed, thanks well. 0:03:30.520 --> 0:03:33.919 Turning to geopolitics, So warning from the President of Poland. 0:03:34.200 --> 0:03:37.040 In an interview with Bloomberg's Joe Matthew and Kaylee Lines, 0:03:37.120 --> 0:03:40.800 Andre Dudah said Vladimir Putin would attack other states if 0:03:40.880 --> 0:03:44.400 Russia wins its war in Ukraine. Here's President Dudah speaking 0:03:44.400 --> 0:03:45.200 through an interpreter. 0:03:45.560 --> 0:03:50.000 We are the nation who was enslaved by Russia several times. 0:03:50.080 --> 0:03:52.480 If Russia wins the war in New Green wins the 0:03:52.520 --> 0:03:55.240 worry Ni grant, he will attack one more time. He 0:03:55.280 --> 0:03:59.400 will attack other states because this is a Russian paralyism 0:03:59.480 --> 0:04:03.320 being worn, and it is greedy. It will be linked 0:04:03.320 --> 0:04:05.240 to texture. That is why it has to be stopped. 0:04:05.560 --> 0:04:08.080 It has to be blocked and it has to be punished. 0:04:08.560 --> 0:04:11.320 And this is the most important task that is chasing 0:04:11.400 --> 0:04:14.040 the community of the West today, and this community is 0:04:14.080 --> 0:04:16.040 led by the United States of America. 0:04:16.200 --> 0:04:19.279 And Polish President Andrea Duda's warning lands at a critical 0:04:19.279 --> 0:04:21.840 moment in the war, with ally Instagram linked to provide 0:04:21.920 --> 0:04:25.560 Ukraine with more military assistance. For the extended conversation, head 0:04:25.560 --> 0:04:29.320 over to the Bloomberg Talks podcast feed. Find it on Apple, Spotify, 0:04:29.480 --> 0:04:31.479 or anywhere else you get your podcasts. 0:04:31.600 --> 0:04:34.120 Well, now let's turn to the markets. Karen stocks begin 0:04:34.200 --> 0:04:37.120 the day once again in record territory. The S and 0:04:37.200 --> 0:04:40.480 P five hundred rows more than one percent yesterday, as 0:04:40.520 --> 0:04:43.440 the latest inflation figures did little to alter bets that 0:04:43.480 --> 0:04:47.279 the Federal Reserve will cut rates this year. Morgan Stanley 0:04:47.320 --> 0:04:50.680 equity strategist Mike Wilson, though, remains cautious. 0:04:50.279 --> 0:04:53.919 People are reaching for risk because you know, there's FOMA. 0:04:54.080 --> 0:04:57.200 We don't see the justification for higher multiples given that 0:04:57.240 --> 0:05:00.560 we basically have no earnings growth across the broader economy. 0:05:00.839 --> 0:05:03.279 A situation is still kind of a difficult operating environment, 0:05:03.320 --> 0:05:05.120 and so we're going to be very selective. And that's 0:05:05.120 --> 0:05:07.040 why we think it's you know, you got to be 0:05:07.080 --> 0:05:07.840 a stock picker here. 0:05:07.839 --> 0:05:09.080 You can't just buy the index. 0:05:09.279 --> 0:05:11.719 Morgan Stanley's Mike Wilson is sticking with his year end 0:05:11.800 --> 0:05:13.880 target of forty five hundred for the S and P 0:05:13.960 --> 0:05:17.040 five hundred. That's about thirteen percent below current levels. 0:05:17.640 --> 0:05:19.640 From markets to the economy now, Nathan. 0:05:19.720 --> 0:05:22.920 We are officially one week away from the fed's next 0:05:22.960 --> 0:05:26.479 policy meeting, and another Wall Street titan is speaking out 0:05:26.480 --> 0:05:28.640 on the direction of interest rates. We get the latest 0:05:28.640 --> 0:05:31.560 from Bloomberg's John Tucker, John and Karen Ken. 0:05:31.600 --> 0:05:34.880 Griffin says the FED should move slowly and lowering right 0:05:34.960 --> 0:05:37.800 so they don't have to reverse course later. The founder 0:05:37.839 --> 0:05:40.800 of the hedge fund Empire Citadel, telling the Futures Industry 0:05:40.839 --> 0:05:44.520 Association pausing and then changing direction back toward higher rates 0:05:44.600 --> 0:05:48.640 quickly would be the most devastating course of action to pursue. Well, 0:05:48.640 --> 0:05:51.040 he thinks the FED will be slower than people are 0:05:51.040 --> 0:05:54.240 expecting for that very reason. FED Chair j Powell last 0:05:54.240 --> 0:05:56.960 week suggested the Central Bank is getting close to the 0:05:57.000 --> 0:06:00.640 confidence it needs to start lowering into rates, and investors 0:06:00.640 --> 0:06:03.479 are still pricing a June rate cut. That's even after 0:06:03.560 --> 0:06:07.960 yesterday's hotter than expected CPI. Griffin also said Citadel's participation 0:06:08.040 --> 0:06:10.800 in this month's rescue of New York Community Bank was 0:06:10.839 --> 0:06:13.760 the right price. John Tucker, Bloomberg Radio, All. 0:06:13.720 --> 0:06:14.440 Right, John. Thanks. 0:06:14.440 --> 0:06:18.159 Over Europe, the UK economies rebounded after slipping into a recession. 0:06:18.200 --> 0:06:20.960 Gross domestic product rows two tenths of one percent in 0:06:21.040 --> 0:06:24.400 January and followed a tenth of a percent decline in December. 0:06:24.600 --> 0:06:27.800 Services and construction delivered the gains, offsetting a drop in 0:06:27.800 --> 0:06:29.080 industrial production. 0:06:29.320 --> 0:06:29.920 Well in Asia. 0:06:30.000 --> 0:06:33.919 Nathan Bloomberg News has learned Chinese developer Country Garden Holdings 0:06:33.920 --> 0:06:36.680 has missed a coupon payment on a yuan bond for 0:06:36.760 --> 0:06:39.800 the first time. Country Gardens crisis entered a new chapter 0:06:39.880 --> 0:06:42.720 after a Hong Kong court received a creditors petition last 0:06:42.760 --> 0:06:44.440 month to wind up the company and. 0:06:44.480 --> 0:06:47.120 The company News Karen Bloomberg News has learned the Pentagons 0:06:47.160 --> 0:06:49.320 pulled out of a plan to spend billions on a 0:06:49.400 --> 0:06:50.960 chip grant to Intel. 0:06:51.320 --> 0:06:53.359 We get the story from Bloomberg's Doug Prisner. 0:06:53.600 --> 0:06:56.240 The funding was part of a spending package signed into 0:06:56.320 --> 0:06:59.320 law over the weekend by the President. It allocated three 0:06:59.360 --> 0:07:02.520 and a half billillion dollars for Intel to produce advanced 0:07:02.600 --> 0:07:07.360 defense and intelligence related semiconductors. But we're told the Pentagon 0:07:07.480 --> 0:07:09.960 is pulling as much as two and a half billion dollars, 0:07:10.400 --> 0:07:12.960 So the onus is on the Commerce Department to make 0:07:13.040 --> 0:07:16.119 up for that billion dollar shortfall. Through the Chips Act, 0:07:16.480 --> 0:07:19.600 lawmakers have directed Commerce to do so, and it could 0:07:19.640 --> 0:07:22.240 mean a greater share of Intel's funds from the Chips 0:07:22.280 --> 0:07:26.040 Act are devoted to military uses rather than commercial ones. 0:07:26.360 --> 0:07:28.360 In New York, I'm Doug Kristner, Bloomberg Radio. 0:07:28.440 --> 0:07:30.840 Okay, Doug, thanks and checking shares of Intel right now. 0:07:30.840 --> 0:07:33.280 They are down more than one percent in early trading. 0:07:36.640 --> 0:07:37.920 And it's time now for a look at some of 0:07:37.960 --> 0:07:40.680 the other stories making news in New York and around 0:07:40.680 --> 0:07:43.960 the world. For that, we're joined by Bloomberry's Michael Barr Michael, 0:07:43.960 --> 0:07:44.760 good Morning. 0:07:44.520 --> 0:07:48.400 Good morning, Karen. President Vladimir Putin says that Russia is 0:07:48.440 --> 0:07:51.320 ready to use nuclear weapons if there is a threat 0:07:51.360 --> 0:07:57.000 to Russian statehood, sovereignty, or independence. Speaking with Russian state 0:07:57.080 --> 0:08:01.040 television today, Putin said he hoped that the US would 0:08:01.080 --> 0:08:04.680 avoid any escalation that could trigger a nuclear war, but 0:08:05.280 --> 0:08:09.360 emphasized that Russia's nuclear forces are ready for it. Asked 0:08:09.400 --> 0:08:13.920 if he has ever considered using battlefield nuclear weapons in Ukraine, 0:08:14.200 --> 0:08:17.840 Putin responded that there has been no need for that. Meanwhile, 0:08:17.840 --> 0:08:20.600 the Pentagon says that it has found three hundred million 0:08:20.680 --> 0:08:24.119 dollars in cost of things that will now be used 0:08:24.120 --> 0:08:29.000 to meet Ukraine's immediate air defense, artillery and anti tank needs, 0:08:29.440 --> 0:08:32.520 defence Department spokesperson Major General pat Ryder. 0:08:32.800 --> 0:08:36.880 It will give them some much needed capability that will 0:08:36.920 --> 0:08:41.959 likely last in the week's timeframe, but nowhere even close 0:08:42.040 --> 0:08:43.720 to what they need to be able to continue to 0:08:43.800 --> 0:08:44.680 sustain this fight. 0:08:45.120 --> 0:08:48.840 Major General Riders says longer range missiles are included in 0:08:48.880 --> 0:08:53.440 the aid package. The US Army's seventh Transportation Brigade has 0:08:53.480 --> 0:08:57.280 been deployed following President Biden's orders to send troops to 0:08:57.280 --> 0:09:01.200 create an offshore aid port for Gaza. Their mission to 0:09:01.200 --> 0:09:04.040 build a giant floating pier off the coast of Gaza 0:09:04.320 --> 0:09:08.440 where aid and supplies will come before a civilian ship 0:09:08.559 --> 0:09:13.160 takes it ashore to help Palestinian civilians. Brigadier General Brad Henson, 0:09:13.600 --> 0:09:14.040 which is. 0:09:14.040 --> 0:09:17.120 Really just pontoons that are like legos. 0:09:17.160 --> 0:09:19.280 They all fit together, so. 0:09:19.200 --> 0:09:22.440 We'll have this roll on, roll on discharge facility that's 0:09:22.480 --> 0:09:26.760 approximately two to three miles off of the erected pier. 0:09:27.120 --> 0:09:31.720 General Henson says this is strictly a humanitarian mission and 0:09:31.760 --> 0:09:34.560 there will be no US soldiers on the ground. The 0:09:34.640 --> 0:09:38.240 Transport Workers Union is pushing back on Governor Kathy Hogle's 0:09:38.320 --> 0:09:41.600 plan to fight crime in the New York City subway system. 0:09:41.880 --> 0:09:45.840 The Transport Workers Union says it simply falls short of 0:09:45.920 --> 0:09:50.120 providing a sustainable, long term solution. The governor's plan includes 0:09:50.200 --> 0:09:54.280 using the National Guard and random bag checks. State troopers 0:09:54.280 --> 0:09:57.320 as well as police, are also being used to fight crime. 0:09:57.840 --> 0:10:01.920 TWU Local one hundred present cident Richard Davis also had 0:10:01.960 --> 0:10:04.880 strong words for the CEO of the MTA. 0:10:04.800 --> 0:10:08.679 General Leba is not working to me, he's not working 0:10:08.720 --> 0:10:13.280 with integrity or concern about our members, our tw members 0:10:13.280 --> 0:10:13.839 on the write in. 0:10:13.760 --> 0:10:17.600 Public audio courtesy of ABC seven. While President Biden and 0:10:17.640 --> 0:10:20.679 former President Trump have clinched the nominations to represent their 0:10:20.720 --> 0:10:24.320 parties in Novembers election, there is a third candidate that 0:10:24.480 --> 0:10:28.040 could play the role of spoiler. Independent candidate Robert F. 0:10:28.120 --> 0:10:31.840 Kennedy Junior could influence the election. There's word NFL quarterback 0:10:31.880 --> 0:10:35.720 Aaron Rodgers is on Kennedy's shortlist of potential running mates. 0:10:36.080 --> 0:10:38.319 Global News twenty four hours a day, whenever you want 0:10:38.320 --> 0:10:40.280 it with the Bloomberg News Now. I'm michae Lebarn This 0:10:40.320 --> 0:10:41.080 is Bloomberg Roent. 0:10:41.360 --> 0:10:42.560 All right, Michael, thank you. 0:10:47.360 --> 0:10:49.840 Time now for the Bloomberg Sports Update, brought to you 0:10:49.880 --> 0:10:52.720 by Tri State Houdy. For that, we bring in John Stashawer, John, 0:10:52.760 --> 0:10:53.559 Good morning. 0:10:53.360 --> 0:10:54.480 Good morning, Karen Nixon. 0:10:54.559 --> 0:10:56.800 Sixers at the Garden, just as it was forty eight 0:10:56.840 --> 0:11:00.800 hours earlier. In that one, Philly won seventy nine seventy three. 0:11:00.880 --> 0:11:03.840 The Sixers again scored seventy nine. This time, the nick 0:11:03.880 --> 0:11:06.880 scored thirty three more than they did on Sunday. They 0:11:06.880 --> 0:11:09.560 won by twenty seven. Welcome back og on anobi Ou. 0:11:09.640 --> 0:11:12.640 Since January, he scored fourteen points. Jalen Brunson and Josh 0:11:12.640 --> 0:11:15.520 Hart both at twenty hardhead a triple double. Knicks now 0:11:15.600 --> 0:11:18.480 hit the road. Four game trip starts tomorrow in Portland, Minnesota. 0:11:18.520 --> 0:11:20.520 Got thirty seven from Anthony Edwards and it went over 0:11:20.559 --> 0:11:24.120 the Clippers, the Timberwolves, Nuggets, and thunder all with forty 0:11:24.160 --> 0:11:26.959 five wins atop the West. The Celtics with their league 0:11:27.000 --> 0:11:29.600 leading fifty first win one twenty three one oh seven 0:11:29.640 --> 0:11:33.320 at Utah Rangers and Hurricanes and Raleigh scoreless late first period. 0:11:33.760 --> 0:11:36.720 Pashe leans on him to the near corner with fifteen 0:11:36.760 --> 0:11:39.160 to go, centering past Savaba, Chad gets it back. 0:11:39.240 --> 0:11:42.239 Tolindran flifty for deflection in front of goes off escape. 0:11:42.160 --> 0:11:45.320 Short fangals shop by Fox Peace scores. 0:11:45.520 --> 0:11:46.600 In New York, olling only goal. 0:11:46.679 --> 0:11:49.520 Rangers won one nothing, a second straight shutout for Igors, 0:11:49.559 --> 0:11:51.679 says Thirk, and first place Rangers have won thirteen to 0:11:51.679 --> 0:11:54.800 the last sixteen. They're now six points ahead of second 0:11:54.880 --> 0:11:59.079 place Carolina. Rangers were without their rookie enforcer Matt Remphy, 0:11:59.160 --> 0:12:02.559 suspended four gear for his hit of the Devils. Jonna Siegenthello, 0:12:02.640 --> 0:12:05.040 the six foot seven inch Rimpy, has quickly become a 0:12:05.040 --> 0:12:07.840 fan favorite, spending more time in the penalty box than 0:12:07.880 --> 0:12:11.720 on the ice College basketball Championship wig and they are celebrated. 0:12:11.200 --> 0:12:13.520 On Staten Island. The Wagner Seahawks. 0:12:13.800 --> 0:12:16.040 With an upset winn at the Northeast Conference Journey, they'll 0:12:16.080 --> 0:12:18.600 take a sixteen and fifteen record to. 0:12:18.600 --> 0:12:19.760 The NCAA Tournament. 0:12:19.960 --> 0:12:22.840 Yankees not saying much about the Garrett Cole elbow injury 0:12:22.840 --> 0:12:25.440 other than he needs more tests and is unlikely to 0:12:25.440 --> 0:12:27.760 pitch the season opener two weeks from tomorrow in Houston. 0:12:27.800 --> 0:12:31.640 More NFL free agent signings like Derrick Henry by Baltimore 0:12:31.679 --> 0:12:34.560 and the Giants have added a backup quarterback signing Drew 0:12:34.600 --> 0:12:39.080 Locke formerly with Seattle and Denver John stashieware Bloomberg Sports Kearnon. 0:12:38.920 --> 0:12:40.800 Nathan, Okay, John, thank you. 0:12:40.960 --> 0:12:44.080 Well, it may be months away till the conventions, not 0:12:44.160 --> 0:12:47.040 to mention the November election, but the twenty twenty four 0:12:47.120 --> 0:12:50.840 rematches all but set now. Both President Biden and former 0:12:50.880 --> 0:12:56.240 President Trump clinched their party's nominations following last night's primary results. 0:12:56.280 --> 0:12:58.559 And for more where you're joined by Bloomberg News Senior 0:12:58.679 --> 0:13:02.000 editor Bill Ferry. You know, Bill, it's amazing to think 0:13:02.040 --> 0:13:04.640 about the fact that the polls say this is the 0:13:04.679 --> 0:13:08.960 rematch that most voters don't want, but the voters certainly 0:13:09.040 --> 0:13:10.120 sealed it early. 0:13:11.080 --> 0:13:13.600 Yeah, buckle up, It's going to be quite a long 0:13:13.640 --> 0:13:19.520 election season, Nathan. We've almost never had an outside candidate 0:13:19.960 --> 0:13:24.400 like former President Trump sealed the nomination so quickly. Of course, 0:13:24.440 --> 0:13:26.960 not a surprise that the president of the incumbent did so, 0:13:27.480 --> 0:13:31.240 but this is now, this race is now official, and 0:13:31.480 --> 0:13:33.680 you know it comes I think, let's see you do 0:13:33.760 --> 0:13:37.600 the math, almost eight months before election day, and so 0:13:37.679 --> 0:13:40.040 that that means, especially if you're in one of these 0:13:40.080 --> 0:13:44.439 battleground states, You've got eight months of intense lobbying and 0:13:44.480 --> 0:13:48.000 commercials coming your way, and it's going to be you know, 0:13:48.160 --> 0:13:51.880 not surprisingly probably a very nasty fight. And as you said, 0:13:52.400 --> 0:13:57.160 it's the fight that voters in surveys for almost a 0:13:57.240 --> 0:13:59.840 year now said they don't didn't want to see am 0:14:00.000 --> 0:14:03.240 Actually they didn't want but then they defaulted to those 0:14:03.320 --> 0:14:06.320 choices when they went into the primaries voting booths. So 0:14:07.160 --> 0:14:09.640 it's maybe not what they wanted to see, but it's 0:14:09.760 --> 0:14:11.720 in some weird ways, it's what they've asked for. 0:14:11.960 --> 0:14:16.520 Well, it says something about how this process is decided. 0:14:16.640 --> 0:14:21.840 You have base voters going into primary elections. It raises 0:14:21.880 --> 0:14:25.720 the question about what general election voters are going to 0:14:25.800 --> 0:14:30.000 do when we have this long slog into November, raising 0:14:30.000 --> 0:14:32.560 the question about whether we're going to see voter fatigue 0:14:32.560 --> 0:14:33.120 along the way. 0:14:34.000 --> 0:14:34.200 Yeah. 0:14:34.240 --> 0:14:38.239 Absolutely. I mean it's always been the most motivated, hardcore 0:14:38.320 --> 0:14:41.640 voters in both parties who turn out for these primaries. 0:14:42.040 --> 0:14:44.560 And you know, when you look you look at the 0:14:44.640 --> 0:14:47.720 on the Republican side, you did see, interestingly, you know, 0:14:47.840 --> 0:14:51.600 a fairly notable percentage of voters who went for Nicki 0:14:51.640 --> 0:14:54.720 Haley there at the end, anywhere from about twenty percent 0:14:54.800 --> 0:14:57.480 to forty percent. And some of those primaries we saw 0:14:57.880 --> 0:15:01.240 from South Carolina, Haley's home state, and including the Super 0:15:01.280 --> 0:15:05.280 Tuesday States last week, So there is there is definitely 0:15:05.320 --> 0:15:08.000 a swath even of the people who vote in the primaries, 0:15:08.040 --> 0:15:11.160 who had some second thoughts about Donald Trump, and that's 0:15:11.720 --> 0:15:14.160 that's gonna be a big question mark hanging over the 0:15:14.160 --> 0:15:17.280 Republican side of this campaign is where do those voters 0:15:17.320 --> 0:15:19.920 go do they do they get back in the fold 0:15:19.960 --> 0:15:23.280 and go with their nominee Trump, Do they stay home 0:15:23.680 --> 0:15:26.240 on election Day? Or do they turn around and go 0:15:26.320 --> 0:15:28.920 for Biden? You know, it depends on how strongly they 0:15:29.000 --> 0:15:32.440 felt about Trump in the end, and we just don't know, 0:15:32.520 --> 0:15:34.160 and that's going to be a lot of attention is 0:15:34.200 --> 0:15:36.800 going to be focused on those voters going forward. And 0:15:36.840 --> 0:15:39.320 on the Democratic side, you have a lot of Democrats 0:15:39.360 --> 0:15:43.280 themselves who say they're concerned about the president's age and 0:15:43.640 --> 0:15:46.040 will they you know, will they rally themselves to show 0:15:46.120 --> 0:15:48.680 up in November, or will they stay home or will 0:15:48.680 --> 0:15:51.440 they look Will people on both sides look for one 0:15:51.480 --> 0:15:54.160 of these for a third party candidate like Robert Kennedy 0:15:54.640 --> 0:15:57.760 And it's a big x X mark in terms of 0:15:57.800 --> 0:16:00.720 how how he could affect the campaign because if that 0:16:00.880 --> 0:16:01.400 keeps going. 0:16:04.000 --> 0:16:07.040 This is Bloomberg Daybreak Today, your morning brief on the 0:16:07.080 --> 0:16:10.520 stories making news from Wall Street to Washington and beyond. 0:16:10.800 --> 0:16:13.560 Look for us on your podcast feed at six am 0:16:13.640 --> 0:16:17.280 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:17.360 --> 0:16:18.520 get your podcasts. 0:16:18.640 --> 0:16:21.360 You can also listen live each morning starting at five 0:16:21.400 --> 0:16:24.040 am Wall Street Time on Bloomberg eleven three to zero 0:16:24.040 --> 0:16:26.920 in New York, Bloomberg ninety nine to one in Washington, 0:16:27.000 --> 0:16:29.880 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:29.960 --> 0:16:31.640 ninety sixty in San Francisco. 0:16:32.000 --> 0:16:35.160 Our flagship New York station is also available on your 0:16:35.200 --> 0:16:40.640 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:40.680 --> 0:16:44.240 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:16:44.400 --> 0:16:48.480 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:48.240 --> 0:16:49.520 And I'm Karen Moscow. 0:16:49.600 --> 0:16:52.360 Join us again tomorrow morning for all the news you 0:16:52.480 --> 0:17:05.120 need to start your day right here on Bloomberg Daybreak