Nvidia Selloff Latest; Wikileaks’ Assange Plead Deal

Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan 0:00:12.119 --> 0:00:15.080 Hager and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:16.200 following today. 0:00:16.000 --> 0:00:18.040 Aaron, we begin with the stock at the heart of 0:00:18.079 --> 0:00:21.960 the artificial intelligence revolution. We're watching shares of Nvidia. They 0:00:21.960 --> 0:00:25.000 are up nearly two percent in early trading, but that 0:00:25.079 --> 0:00:28.680 follows a three day thirteen percent route that has wiped 0:00:28.680 --> 0:00:32.080 out four hundred and thirty billion dollars in Vidia's market value. 0:00:32.159 --> 0:00:35.519 That's the biggest three day value slide for any company 0:00:35.560 --> 0:00:39.239 in history. Emily Rowland is co chief investment strategist at 0:00:39.320 --> 0:00:41.040 John Hancock Investment Management. 0:00:41.360 --> 0:00:43.840 I can't remember a time when one stock ever meant 0:00:43.840 --> 0:00:44.960 this much to the market. 0:00:45.000 --> 0:00:46.239 It's so remarkable, I. 0:00:46.159 --> 0:00:46.479 Mean it was. 0:00:46.600 --> 0:00:49.159 It's up one hundred and fifty percent here today, two 0:00:49.280 --> 0:00:51.800 hundred percent over the one year period, So I think 0:00:51.840 --> 0:00:55.400 it certainly makes sense to expect some type of pullback 0:00:55.440 --> 0:00:56.040 in this name. 0:00:56.440 --> 0:00:59.080 Despite the sell off, John Hancock's Emily Roland notes, in 0:00:59.160 --> 0:01:01.960 Vidia is still up almost one hundred and forty percent 0:01:02.040 --> 0:01:02.520 this year. 0:01:02.960 --> 0:01:05.600 Well, Nathan, tech is not the only thing on investors' minds. 0:01:05.640 --> 0:01:08.240 We get a key inflation report on Friday, to close 0:01:08.240 --> 0:01:11.200 out the week, and that is preceded by Thursday CNN 0:01:11.280 --> 0:01:15.440 presidential debate. Lurie Calvasinas, head of UI Secuity Strategy at 0:01:15.520 --> 0:01:19.200 URBC Capital Markets, and says both events could be equally 0:01:19.240 --> 0:01:20.520 important for markets. 0:01:20.840 --> 0:01:23.640 It's not just about inflation this week. Political risk is 0:01:23.680 --> 0:01:26.480 starting to heat up. I increasingly think that's going to 0:01:26.480 --> 0:01:28.520 be a bigger issue, both at home and abroad for 0:01:28.600 --> 0:01:30.920 investors to deal with in the second half of the year. 0:01:31.280 --> 0:01:33.840 And even on politics, we always tell people, you know 0:01:34.319 --> 0:01:36.720 it always sort of the headlines capture us that jerk 0:01:36.800 --> 0:01:39.200 things around. Remember that stocks tend to do well in 0:01:39.240 --> 0:01:42.640 any political environment, regardless of who's controlling the White House 0:01:42.720 --> 0:01:43.280 or Congress. 0:01:43.680 --> 0:01:47.080 And OURBC Capital Markets Lorie Calvacino warns there is a 0:01:47.080 --> 0:01:49.360 lot of good news already baked into markets and if 0:01:49.360 --> 0:01:54.640 that optimism proves unjustified, there could be downside risks and Karen. 0:01:54.640 --> 0:01:57.440 As we gear up for Thursday's debate, voters are headed 0:01:57.440 --> 0:02:01.360 to the polls today for primaries in New York's, South Carolina, Colorado, 0:02:01.440 --> 0:02:04.400 and Utah. Bloomberg Zamy Morris as a preview. 0:02:04.760 --> 0:02:07.360 In New York, Representative Jamal Bowman, a member of a 0:02:07.400 --> 0:02:10.640 block of hard left Democrats, known as the Squad, is 0:02:10.680 --> 0:02:13.799 this cycle's first Democrat in danger of being rejected by 0:02:13.800 --> 0:02:17.040 his party's voters after his criticism of Israel sparked an 0:02:17.040 --> 0:02:20.040 effort to remove him from Congress. Bowman faces a challenge 0:02:20.040 --> 0:02:24.400 from Westchester County Executive George Latimer. In South Carolina, Mark Burns, 0:02:24.400 --> 0:02:27.840 a Donald Trump endorsed pastor, faces Sherry Biggs, an Air 0:02:27.919 --> 0:02:31.359 National Guard lieutenant colonel, and a Trump friendly district in 0:02:31.480 --> 0:02:35.400 Utah for Republicans, including one backed by the cryptocurrency industry, 0:02:35.600 --> 0:02:38.079 are on the ballot for the Senate seat of Mitt Romney, 0:02:38.200 --> 0:02:41.440 who has decided to not seek a second term. In Colorado, 0:02:41.600 --> 0:02:44.400 Representative Lauren Bobert is seeking re election in a new 0:02:44.520 --> 0:02:48.480 district and is expected to win her primary over splintered opposition. 0:02:48.840 --> 0:02:51.280 In Washington, Amy Morris Bloomberg Radio. 0:02:51.160 --> 0:02:53.919 All right, Amy, thank you, And this final primary day 0:02:53.960 --> 0:02:57.000 of twenty twenty four is another day of debate prep 0:02:57.080 --> 0:03:00.000 for President Biden. He's been at Camp David since the weekend, 0:03:00.120 --> 0:03:03.160 huddling with aids to prepare for the showdown in Atlanta 0:03:03.200 --> 0:03:06.160 with former President Trump and beat back concerns about his 0:03:06.200 --> 0:03:09.480 age and fitness for another four years. Tina Fordham is 0:03:09.520 --> 0:03:12.680 a geopolitical strategist at Fordham A Global Foresight. 0:03:13.160 --> 0:03:17.600 Arguably the bar is higher for Joe Biden because there 0:03:17.600 --> 0:03:21.760 has been this relentless kind of narrative about him being 0:03:21.960 --> 0:03:26.480 a daughter in you old fool, and Trump comes out 0:03:26.560 --> 0:03:31.680 guns blazing with you know what is really also a 0:03:31.760 --> 0:03:35.120 meandering way of expressing himself. 0:03:35.560 --> 0:03:39.160 Fordham Global Foresight founder Tina Fordham says Trump feeds off 0:03:39.160 --> 0:03:41.720 the energy of a crowd. But Thursday Night's debate on 0:03:41.800 --> 0:03:45.240 CNN will not include a studio audience. Our coverage of 0:03:45.280 --> 0:03:48.600 the CNN presidential debate begins this Thursday night at a pm. 0:03:48.640 --> 0:03:51.600 Wall Street Time, with a special addition of Balance of 0:03:51.680 --> 0:03:54.520 Power with Joe Matthew and Kaylee Lines in Washington and 0:03:54.600 --> 0:03:57.680 David Gura in Atlanta. Listen in for the debate on 0:03:57.720 --> 0:04:00.400 Bloomberg Radio or watch it on Bloomberg tell Vision. 0:04:00.560 --> 0:04:03.760 Well Now to a major development in geopolitics, Karen Wikileague 0:04:03.760 --> 0:04:06.920 sender Julian Assange has agreed to plead guilty in a 0:04:06.960 --> 0:04:09.760 deal with the US Justice Department. We get the story 0:04:09.760 --> 0:04:10.360 from Bloomberg. 0:04:10.440 --> 0:04:14.040 Send Baxter fellon account of espionage will resolve a long 0:04:14.160 --> 0:04:18.760 running legal saga that spend multiple continents centered on publication 0:04:18.880 --> 0:04:22.919 of a trove of classified documents dating back to twenty ten. 0:04:22.800 --> 0:04:24.039 And twenty eleven. 0:04:24.480 --> 0:04:27.400 Wikileague statement saying this is a result of a global 0:04:27.400 --> 0:04:33.040 campaign that spend grassroots organizers, press freedom campaigners, legislators, leaders 0:04:33.040 --> 0:04:35.479 from across the political spectrum all the way to the 0:04:35.560 --> 0:04:38.160 United Nations. He will be in court on the Mariana 0:04:38.200 --> 0:04:41.359 Islands and then go back to his native Australia, not 0:04:41.520 --> 0:04:43.360 wanting to head back to the US where he could 0:04:43.360 --> 0:04:47.280 face a lengthy sentence Head Baxter, Bloomberg Radio, All. 0:04:47.279 --> 0:04:47.919 Right and thanks. 0:04:47.920 --> 0:04:50.480 Turning back to the markets now, Bloomberg News has learned 0:04:50.480 --> 0:04:53.880 Boeing has offered to acquire Spirit Aerosystems with a mostly 0:04:53.960 --> 0:04:56.840 stock offer. The deal values a key supplier at about 0:04:56.839 --> 0:04:59.279 thirty five dollars per share. The price marks of twenty 0:04:59.320 --> 0:05:03.000 two percent, ups to Spirit Aerospace's closing price on February 0:05:03.000 --> 0:05:06.840 twenty ninth, the day before Boeing's takeover talks became public. 0:05:06.680 --> 0:05:09.599 And Karen Bowing's main competitor is also making news. This morning, 0:05:09.680 --> 0:05:12.000 shares of air Bus are down about ten and a 0:05:12.040 --> 0:05:15.479 half percent in European trading. The Planemaker's warning it's experiencing 0:05:15.520 --> 0:05:19.919 a shortage on engines, aerostructures, and cabinet interiors that in 0:05:19.960 --> 0:05:23.320 turn is sabotaging air buses, delivery plans, and. 0:05:23.320 --> 0:05:26.640 Shares of Germany's Murk Nathan. They're down about ten percent. 0:05:26.720 --> 0:05:29.200 The company said it will discontinue development of the drug 0:05:29.240 --> 0:05:31.960 for the treatment of head and neck cancer. Analysts and 0:05:32.120 --> 0:05:35.239 estimated that drug could reach peak sales of a billion 0:05:35.279 --> 0:05:38.279 and a half dollars. This is the second high profile 0:05:38.360 --> 0:05:40.680 drug failure since December for merk. 0:05:40.839 --> 0:05:42.920 Well back here in the US, Karen earnings will be 0:05:42.960 --> 0:05:46.720 in focus once again. FedEx reports after the close of trading. 0:05:46.760 --> 0:05:49.000 We get a preview from Bloomberg's Charlie Pellett. 0:05:49.160 --> 0:05:52.960 Cost cutting programs are likely to show incremental signs of 0:05:53.000 --> 0:05:56.400 paying off for FedEx when it reports fourth quarter earnings. 0:05:56.680 --> 0:06:00.839 Analysts say easing year over year comparisons will also lift results, 0:06:01.120 --> 0:06:05.240 though the company continues to face weakened demand. Investors will 0:06:05.240 --> 0:06:08.359 be focused on guidance for the new fiscal year. That 0:06:08.520 --> 0:06:12.000 guidance will also reflect the company's shifting structure as it 0:06:12.080 --> 0:06:16.960 consolidates its express, ground and services units. Analysts are looking 0:06:17.000 --> 0:06:20.120 for a just at EPs of five dollars thirty four 0:06:20.200 --> 0:06:23.839 cents on revenue of twenty two point one billion dollars 0:06:24.400 --> 0:06:27.120 in New York Charlie Pellett's Bloomberg Radio. 0:06:27.520 --> 0:06:30.640 All right, Charlie, thanks, and Apple's artificial intelligence offerings have 0:06:30.680 --> 0:06:33.479 gotten more attention after The Wall Street Journal reported the 0:06:33.480 --> 0:06:37.400 iPhone makers and talks with Meta Platforms about an AI partnership. 0:06:37.640 --> 0:06:40.400 Now Bloomberg News has learned those talks might not have 0:06:40.440 --> 0:06:44.279 gotten very far. Sources tell us Meta approached Apple months 0:06:44.320 --> 0:06:47.640 ago about integrating its AI chatbot into the iPhone, but 0:06:47.720 --> 0:06:51.800 got turned down. We're told Apple doesn't think Meta's privacy 0:06:51.839 --> 0:06:58.120 practices are tight enough. And it's time now for look 0:06:58.120 --> 0:06:59.800 at some of the other stories making news in New 0:06:59.839 --> 0:07:02.440 York and around the world. And for that we're joined 0:07:02.440 --> 0:07:05.920 by Bloomberg's John Tucker. Good morning and happy birthday, John. 0:07:06.080 --> 0:07:08.600 Oh Well, thank you very much. Karen trying to keep 0:07:08.640 --> 0:07:11.720 that a secret. New York City is the world's most 0:07:11.800 --> 0:07:14.760 congested urban the area for the second year in a row. 0:07:15.000 --> 0:07:17.080 Let's get more in this report this morning from Bloomberg 0:07:17.200 --> 0:07:17.920 Jeff Bellinger. 0:07:18.600 --> 0:07:22.320 The global traffic scorecard from Enrich shows a typical motorist 0:07:22.400 --> 0:07:25.600 driving through the most populated city in the US, lost 0:07:25.640 --> 0:07:28.840 one hundred one hours last year because of traffic during 0:07:28.880 --> 0:07:32.560 peak commuting times. That's the most among nearly one thousand 0:07:32.560 --> 0:07:36.000 cities around the globe. It costs the city an estimated 0:07:36.120 --> 0:07:39.360 nine point one billion dollars in lost time. New York 0:07:39.400 --> 0:07:43.040 City tops the list again after Governor Kathy Hochel earlier 0:07:43.080 --> 0:07:46.760 this month indefinitely paused a tolling plan that aimed to 0:07:46.800 --> 0:07:49.840 reduce traffic and raise money to update the city's aging 0:07:49.880 --> 0:07:54.080 transit network. Vehicles in downtown Manhattan drove and an average 0:07:54.120 --> 0:07:57.960 speed of eleven miles per hour during peak morning periods 0:07:58.280 --> 0:08:01.120 in New York. Jeff Bellinger Bloomberg. 0:08:00.640 --> 0:08:04.320 Radio Overseas, France's president says far right and far left 0:08:04.320 --> 0:08:07.560 policies in the upcoming elections could spark what he calls 0:08:07.720 --> 0:08:11.160 a civil war. Here's the French leader deventing his decision 0:08:11.200 --> 0:08:15.440 to call a snap election. This choice was imposed. Did 0:08:15.440 --> 0:08:18.840 it make me happy? The answer is no. On June ninth, 0:08:19.000 --> 0:08:22.040 if there was anyone it heard, it was me. If 0:08:22.080 --> 0:08:24.880 we follow your reasoning to the end, the country explodes 0:08:25.200 --> 0:08:27.960 or there is civil war, yeah, did we do everything right? 0:08:28.240 --> 0:08:32.559 It is no. Mccrawn tilling the Generation Do It Yourself podcast. 0:08:32.640 --> 0:08:36.400 The national rally parties plan to tackle crime focusing on 0:08:36.440 --> 0:08:40.800 people's religion or origins is divisive and could lead to unrest. 0:08:41.200 --> 0:08:44.319 A federal judges in Kansas in Missouri together blocking much 0:08:44.320 --> 0:08:47.920 of a Biden administration's student loan repayment plan that provides 0:08:47.960 --> 0:08:51.439 a faster path to cancelation a lower monthly payments for 0:08:51.559 --> 0:08:54.920 millions of borrowers. The judges rulings prevent the Department of 0:08:55.040 --> 0:08:58.520 Education from helping many of the intended borrowers ease their 0:08:58.600 --> 0:09:02.560 loan repayment burdens. And two NASA astauts Butch Wilmore and 0:09:02.600 --> 0:09:06.040 Sunny Williams, are stock orbiting Earth on the International Space Station, 0:09:06.520 --> 0:09:09.240 now two weeks past their plan return to Earth. The 0:09:09.400 --> 0:09:12.280 remain aboard the ISS is Boeing and NASA engineer's work 0:09:12.360 --> 0:09:15.080 to fix a series of helium leaks on the Boeing 0:09:15.160 --> 0:09:19.440 Starliner spacecraft. Global News, Worst Day and Whenever you want 0:09:19.440 --> 0:09:22.160 it with Bloomberg News Now. I'm John Tucker, and this 0:09:22.559 --> 0:09:24.120 is Bloomberg Karen all. 0:09:24.080 --> 0:09:30.760 Right, John Tucker, thank you, and it's time now for 0:09:30.800 --> 0:09:33.480 the Bloomberg Sports Update with John stash Hour. 0:09:33.600 --> 0:09:34.960 John, Good morning, good morning. 0:09:35.040 --> 0:09:38.040 Carry the eighteenth ever Game seven of a Stanley Cup 0:09:38.080 --> 0:09:40.160 final odd way to get there with Florida went in 0:09:40.200 --> 0:09:42.360 the first three games at Edmonton the next three. Never 0:09:42.400 --> 0:09:45.520 trailed in those games, but never led. Last night, Panthers 0:09:45.600 --> 0:09:47.360 got a carter over hegy tip in four and a 0:09:47.360 --> 0:09:49.640 half minutes, and the Oilers answered about two minutes later. 0:09:49.720 --> 0:09:53.000 Matteaz the n Mark breakaway. Only one goal was scored 0:09:53.040 --> 0:09:55.120 over the next fifty three minutes. 0:09:55.200 --> 0:09:57.840 Helped the right point for Cci held along the port's 0:09:57.880 --> 0:10:00.839 names Rice Sidle full Gold cuts out Ron tay to 0:10:00.960 --> 0:10:03.800 say Barroski that it's pushed away out of harm's way 0:10:03.960 --> 0:10:06.600 by Kulikoff hit the Panthers breaking up quickly. 0:10:06.840 --> 0:10:09.240 Here's Whinehart at the right wing. Shy Kwiheart to the 0:10:09.280 --> 0:10:10.440 right circle, putch. 0:10:10.280 --> 0:10:16.720 Up Safehart gives the Panthers but two only u qam 0:10:16.800 --> 0:10:19.600 both teams with scoring chances after that, but the Panthers 0:10:19.679 --> 0:10:22.520 hung on won two to one their first ever Stanley Cup. 0:10:22.520 --> 0:10:25.040 But it was a surprised that Connor McDavid won the 0:10:25.080 --> 0:10:27.760 con Smite this playoff MVP not only on the losing team, 0:10:27.760 --> 0:10:29.839 but he was quiet in Game seven, did have forty 0:10:29.840 --> 0:10:32.880 two points in the playoffs. The drought continues north of 0:10:32.880 --> 0:10:36.079 the border since Montreal thirty one years ago. Canadian teams 0:10:36.080 --> 0:10:38.599 in the final are Owen seven, Mets and the Yankee to 0:10:38.679 --> 0:10:40.720 night first of two from City Field, with Garrett Cole 0:10:40.800 --> 0:10:43.000 making his second start of the season, goes opposite David 0:10:43.000 --> 0:10:47.240 Peterson Mets without Edwin Diaz. That ejection Sunday for sticky 0:10:47.320 --> 0:10:50.160 stuff on his hand comes with an automatic ten games 0:10:50.160 --> 0:10:53.120 suspension of though DZ could appeal. Red Sox stay hot 0:10:53.160 --> 0:10:54.800 down six to two in the eighth inning, they beat 0:10:54.840 --> 0:10:56.839 Toronto seven six. They've won eight of the last nine 0:10:56.920 --> 0:11:00.760 Nationals lost in tenings. In San Diego, Giants stop the Cubs. 0:11:00.800 --> 0:11:02.760 It was their first home game since the passing that 0:11:02.840 --> 0:11:06.680 Willie Mays. All Giant players wore uniform number twenty four. 0:11:06.960 --> 0:11:09.800 The NBA draft against tomorrow, and then comes free agency. 0:11:09.840 --> 0:11:12.640 The Knicks could lose two key players Isaiah Herdenstein and 0:11:12.880 --> 0:11:16.280 Ogian Andobi, who has expected tocline his player option of 0:11:16.320 --> 0:11:18.559 twenty million. He can make much more as a free agent. 0:11:18.880 --> 0:11:21.080 Knicks want to keep him. With on Anobi in the lineup. 0:11:21.120 --> 0:11:24.560 They went twenty six and six. John Stashedward Bloomberg Sports 0:11:24.600 --> 0:11:25.400 Karon Nabor. 0:11:27.520 --> 0:11:31.680 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:31.760 --> 0:11:34.679 and around the world on Bloomberg dot Com and the 0:11:34.720 --> 0:11:35.920 Bloomberg Business app. 0:11:36.160 --> 0:11:38.120 This is Bloomberg Daybreak. 0:11:38.760 --> 0:11:41.920 Good morning, I'm Nathan Hager. A nearly fifteen year legal 0:11:41.920 --> 0:11:46.720 battle is nearly over for Julian Assage, the wikileak's co founder, 0:11:46.880 --> 0:11:49.760 is on his way back to his native Australia after 0:11:49.840 --> 0:11:52.480 reaching a plea deal with the Justice Department over one 0:11:52.520 --> 0:11:55.959 of the biggest breaches of state secrets in US history. 0:11:56.480 --> 0:11:59.280 This as preparations continue for the first debate in the 0:11:59.320 --> 0:12:02.880 rematch between President Biden and former President Trump. For more 0:12:02.920 --> 0:12:05.480 on the latest geo politics, we were joined by Bloomberg 0:12:05.480 --> 0:12:10.160 News Senior editor Bill Ferries. Bill. Good morning. Obviously, this 0:12:10.400 --> 0:12:14.559 outcome for Julian Asange has been a very long time coming. 0:12:14.600 --> 0:12:16.040 How did this plea deal come about? 0:12:17.160 --> 0:12:20.280 Yeah, it seems like news from a time capsule at 0:12:20.280 --> 0:12:23.000 this point. You know, for those of us who remember 0:12:23.040 --> 0:12:26.920 how this all started with the with the leaks that 0:12:27.200 --> 0:12:30.120 you know that Assange put out there on Wiki leaks 0:12:30.120 --> 0:12:33.040 that he got from with documents he got from Chelsea Manning, 0:12:33.960 --> 0:12:36.920 it's you know, it's been a saga. If you remember, 0:12:36.960 --> 0:12:40.800 Assane spent I think almost seven years hold up in 0:12:40.960 --> 0:12:45.480 Ecuador's embassy in the UK before leaving and being arrested 0:12:45.520 --> 0:12:50.240 by British authorities as he tried to escape US justice. 0:12:51.080 --> 0:12:53.800 So you know, we're coming up on almost fifteen years 0:12:53.800 --> 0:12:57.760 of this going on. The Australian government has long been 0:12:57.840 --> 0:13:03.280 pushing for his relief. They seem to have worked some 0:13:03.400 --> 0:13:06.280 kind of an agreement with the Justice Department for Assange 0:13:06.320 --> 0:13:10.960 to plead guilty when he lands, probably later on Tuesday, 0:13:11.120 --> 0:13:15.679 US time in the Northern Mariana Islands, US Commonwealth, and 0:13:15.760 --> 0:13:20.000 he will plead guilty to charges of leaking US national 0:13:20.000 --> 0:13:24.240 security secrets. He will be immediately sentenced to about five 0:13:24.360 --> 0:13:26.840 years of time served and he'll get back on his 0:13:26.920 --> 0:13:29.920 plane and he'll head to Australia. That should bring this 0:13:30.080 --> 0:13:33.160 all to a close, but it has It has been 0:13:33.240 --> 0:13:34.040 a long time. 0:13:33.880 --> 0:13:37.680 Coming, and we had known that President Biden had at 0:13:37.760 --> 0:13:40.679 least indicated that he was in favor of some kind 0:13:40.720 --> 0:13:43.240 of plea deal to try to get this resolved. After 0:13:43.280 --> 0:13:46.640 all this time, is there any indication of any political 0:13:46.679 --> 0:13:49.400 pressure to bring this outcome to light? 0:13:50.840 --> 0:13:54.400 You know, officially the White House has directed all questions 0:13:54.400 --> 0:13:56.680 to the Department of Justice. They've said that there was 0:13:56.720 --> 0:14:00.800 no political involvement. The Australian government has only said that, 0:14:00.880 --> 0:14:04.880 you know, the legal proceedings are continuing because Assange has 0:14:04.960 --> 0:14:08.640 not made it to Saipan and the Marianna Islands to 0:14:08.800 --> 0:14:11.600 this Federal Court hearing that will take place there, so 0:14:11.760 --> 0:14:15.120 we may learn more after he lands on Australian soil. 0:14:15.800 --> 0:14:18.400 You know, we know that the Australian government has been 0:14:18.440 --> 0:14:21.040 pushing for this, not just through legal channels, but through 0:14:21.080 --> 0:14:24.160 political channels. So I don't think anyone will be surprised 0:14:24.200 --> 0:14:26.920 if we find out later on that there was a 0:14:27.000 --> 0:14:28.240 political component to all this. 0:14:28.760 --> 0:14:32.600 We're going to find out later on, specifically, two nights 0:14:32.600 --> 0:14:36.200 from now. How President Biden former President Trump doing their 0:14:36.600 --> 0:14:40.480 first rematch debate this Thursday evening. President Biden's been putting 0:14:40.480 --> 0:14:43.160 a lot of time and effort into debate prep. How 0:14:43.200 --> 0:14:44.720 make or break is Thursday night? 0:14:44.760 --> 0:14:45.760 For him? 0:14:46.480 --> 0:14:48.800 Well, I think it's you know, at some level, it's 0:14:48.840 --> 0:14:50.960 make or break for both men. They both there's a 0:14:51.000 --> 0:14:54.480 lot of pitfalls they're both facing, but certainly for President Biden, 0:14:54.600 --> 0:14:56.800 who seems to still be behind in a lot of 0:14:56.840 --> 0:15:01.880 the battleground state polls. He cannot really afford a slip 0:15:02.000 --> 0:15:06.000 up or or a moment where he either appears confused 0:15:06.080 --> 0:15:10.480 or or forgets something. So he is I think the 0:15:10.560 --> 0:15:14.000 pressure is in some ways more on him. He is 0:15:14.040 --> 0:15:16.680 holed up at Camp David with about a dozen aides, 0:15:16.800 --> 0:15:20.040 including you know, people like Ron Klain and Mike Donoalan. 0:15:21.360 --> 0:15:24.720 His lawyer, Bob Bauer, is going to be playing Donald 0:15:24.720 --> 0:15:28.120 Trump in the mock debates. But yeah, he still has 0:15:28.200 --> 0:15:31.080 a couple days of prep ahead of him and he 0:15:31.120 --> 0:15:35.440 can certainly, you know, it's it's it's like walking a 0:15:35.520 --> 0:15:40.120 razor's edge for both men. I think President well, President 0:15:40.200 --> 0:15:44.400 Trump back in twenty twenty had some notable stumbles or 0:15:44.520 --> 0:15:47.880 gaffes in his debate against Joe Biden at the time 0:15:48.000 --> 0:15:50.960 that may have hurt his standing. But yeah, this is 0:15:51.000 --> 0:15:53.480 something that you know, a lot of people have been 0:15:53.520 --> 0:15:56.960 waiting to see happen for several years now, and it's 0:15:57.000 --> 0:16:00.160 the earliest debate I think we've had in modern presidential history, 0:16:00.280 --> 0:16:01.720 and it could be a dividing moment. 0:16:01.920 --> 0:16:04.960 This is Bloomberg Daybreak Today, your morning brief on the 0:16:05.000 --> 0:16:09.080 stories making news from Wall Street to Washington and beyond look. 0:16:08.920 --> 0:16:11.960 For us on your podcast feed at six am Eastern 0:16:12.040 --> 0:16:15.440 each morning, on Apple, Spotify, and anywhere else you get 0:16:15.480 --> 0:16:16.400 your podcasts. 0:16:16.560 --> 0:16:19.240 You can also listen live each morning starting at five 0:16:19.280 --> 0:16:21.880 am Wall Street Time, on Bloomberg eleven three to zero 0:16:21.920 --> 0:16:25.400 in New York, Bloomberg ninety nine one in Washington, Bloomberg 0:16:25.400 --> 0:16:28.440 one oh six' one in Boston, and Bloomberg ninety sixty 0:16:28.560 --> 0:16:29.520 in San Francisco. 0:16:29.880 --> 0:16:33.040 Our flagship New York station is also available on your 0:16:33.080 --> 0:16:38.520 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:38.560 --> 0:16:42.120 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:16:42.320 --> 0:16:46.040 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager 0:16:46.120 --> 0:16:47.320 and I'm Karen Moscow. 0:16:47.520 --> 0:16:50.280 Join us again tomorrow morning for all the news you 0:16:50.400 --> 0:17:02.600 need to start your day right here on Bloomberg Daybreak