Biden Passes Torch to Harris; Market Reaction to Biden Quitting Race

Bloomberg Audio Studios, Podcasts, radio News. 0:00:09.720 --> 0:00:11.480 Good morning, I'm Nathan Hager. 0:00:11.400 --> 0:00:14.640 And I'm Karen Moscow. Here are the stories we're following today. 0:00:14.880 --> 0:00:18.360 Karen, we begin with a presidential race in uncharted territory. 0:00:18.480 --> 0:00:21.840 After weeks of mounting pressure from lawmakers and donors within 0:00:21.920 --> 0:00:25.079 his own party, President Joe Biden has bowed out of 0:00:25.120 --> 0:00:27.720 the twenty twenty four race and thrown his support behind 0:00:27.720 --> 0:00:30.920 his Vice President Kamala Harris to take his place at 0:00:30.920 --> 0:00:33.959 the top of the Democratic ticket. Some Democrats have been 0:00:34.040 --> 0:00:37.440 quick to get behind the president's decision, including Progressive Senator 0:00:37.520 --> 0:00:39.520 Elizabeth Warren of Massachusetts. 0:00:39.840 --> 0:00:43.960 I'm endorsing Vice President Kamala Harris because she's ready to 0:00:44.280 --> 0:00:47.760 step up, bring our party together, go toe to toe 0:00:47.760 --> 0:00:51.040 with Donald Trump and win in November. 0:00:51.159 --> 0:00:54.840 Along with Senator Warren, former President Bill Clinton and Hillary Clinton, 0:00:54.880 --> 0:00:58.560 the twenty sixteen nominee, are also backing Harris. Former President 0:00:58.560 --> 0:01:01.120 Barack Obama put out a state been praising Biden, but 0:01:01.200 --> 0:01:05.000 stopped short of endorsing the vice president. Senator Richard Blumenthal 0:01:05.040 --> 0:01:07.319 of Connecticut says this will not be a coronation. 0:01:07.880 --> 0:01:12.560 This process will be open and orderly and responsive to 0:01:12.760 --> 0:01:16.360 the delegates and to all Americans who elected none. 0:01:16.280 --> 0:01:18.760 And several Democrats who had been seen as contenders if 0:01:18.760 --> 0:01:21.520 Biden were to step aside have also endorsed Haterris. They 0:01:21.560 --> 0:01:24.960 include governor's Gretchen Whitmer, Gavin Newsom, and Josh Shapiro. But 0:01:25.080 --> 0:01:28.200 an aid to West Virginia Senator Joe Manchin, who recently 0:01:28.200 --> 0:01:31.160 turned independent, says he is thinking of rejoining the Democratic 0:01:31.200 --> 0:01:34.600 Party to mount his own presidential campaign now that Biden. 0:01:34.319 --> 0:01:35.319 Is out well. 0:01:35.400 --> 0:01:39.280 Nathan Harris has to still officially secure the nomination, but 0:01:39.319 --> 0:01:42.280 if she does, who will be her running mate? Bloomberg? 0:01:42.400 --> 0:01:44.960 John Tucker looks at that side of the story, John. 0:01:44.920 --> 0:01:48.680 And Karen politicians in the swing states, drawing particular scrutiny. 0:01:48.760 --> 0:01:52.000 Governor Gretchen Whitmer Michigan would generate the first ever all 0:01:52.080 --> 0:01:54.760 female ticket in the race with the top office. She 0:01:54.960 --> 0:01:58.760 handily won re election at twenty twenty two. Illinois Governor JB. 0:01:58.840 --> 0:02:02.520 Pritzker a key Democratic power broker with his family's multi 0:02:02.600 --> 0:02:07.040 billion dollar fortune. Pennsylvania Governor John Shapiro is a rising 0:02:07.080 --> 0:02:10.400 young star in the party with strong approval ratings. Senator 0:02:10.400 --> 0:02:13.840 Mark Kelly of Arizona, former astronaut and go for veteran. 0:02:14.160 --> 0:02:17.680 He would lend significant national security bonafides to the ticket. 0:02:17.960 --> 0:02:21.280 Also being mentioned, he is the Transportation Secretary Pete Boodages. 0:02:21.600 --> 0:02:23.800 He would be the first openly gay man to be 0:02:23.919 --> 0:02:27.680 nominated for vice president. Meantime, Joe Biden's exit and the 0:02:27.760 --> 0:02:31.920 endorsement of Kamala Harris generated an avalanche of cash in 0:02:31.960 --> 0:02:35.720 the first few hours online on Sunday. Democratic donations totaled 0:02:35.760 --> 0:02:39.200 at least fifty million dollars. That would mark the single 0:02:39.360 --> 0:02:43.720 biggest day since the twenty twenty election. John Tucker, Bloomberg Radio. 0:02:43.600 --> 0:02:46.880 Okay, John, thank you now. Former President Donald Trump's aides 0:02:46.960 --> 0:02:50.840 weren't surprised by President Biden's exit. The Trump campaign had 0:02:50.880 --> 0:02:54.600 been developing contingency plans to take on Vice President Harris. 0:02:54.960 --> 0:02:58.680 Speaking to Fox News before President Biden's announcement, Donald Trump 0:02:58.680 --> 0:03:00.720 made his feelings about hair Harris clear. 0:03:01.120 --> 0:03:02.520 She's not a competent person. 0:03:02.760 --> 0:03:03.880 She shouldn't be president. 0:03:04.000 --> 0:03:06.040 I mean she's being left at all over the world. 0:03:06.280 --> 0:03:08.600 The Trump campaign says it can beat Harris by playing 0:03:08.639 --> 0:03:11.959 up her leading role tackling immigration policy in the Biden administration. 0:03:12.320 --> 0:03:15.800 Trump co campaign manager Chris Losovita has called Harris the 0:03:15.840 --> 0:03:18.200 border Zar and has said he would love to use 0:03:18.200 --> 0:03:19.520 that message against her. 0:03:20.040 --> 0:03:22.640 Well, Nathan Harris is expected to hit the campaign trail 0:03:22.840 --> 0:03:25.440 right away, and we get more with Bloomberg's Bill Fairies. 0:03:25.840 --> 0:03:28.080 She's going to be the face of this White House 0:03:28.120 --> 0:03:29.280 for quite a few things. 0:03:29.600 --> 0:03:30.639 We know she's giving. 0:03:31.240 --> 0:03:33.959 She's going to be before a podium at eleven thirty 0:03:33.960 --> 0:03:39.120 AM and Washington at a pre scheduler for college athletes. 0:03:40.520 --> 0:03:42.720 She will very likely be very. 0:03:42.560 --> 0:03:47.200 Involved in Israeli Prime Minister Benjamin Netanyahu's visit to Washington 0:03:47.280 --> 0:03:49.760 later this week. I would expect to see her in 0:03:49.800 --> 0:03:51.680 every briefing that the President is in. 0:03:52.120 --> 0:03:54.800 And Bloomberg's Bill Fairies knows that Benjamin et Ya, who 0:03:54.880 --> 0:03:57.520 is scheduled to address Congress on Wednesday. 0:03:57.200 --> 0:04:00.360 And Karen Praise is coming in for President Biden from 0:04:00.440 --> 0:04:02.480 around the globe. We get that part of the story 0:04:02.520 --> 0:04:03.840 from Bloomberg zed Baxter. 0:04:04.280 --> 0:04:07.040 They come in as tributes from heads of state. Kier 0:04:07.160 --> 0:04:11.120 Starmer Uk Prime Minister, I respect President Biden's decision. I 0:04:11.160 --> 0:04:13.920 look forward to us working together during the remainder of 0:04:13.960 --> 0:04:19.080 his presidency. German Chancellor Olaf Schultz, thanks to him, trans 0:04:19.080 --> 0:04:23.080 Atlantic cooperation is close, NATO is strong, and the US 0:04:23.160 --> 0:04:26.719 is a good and reliable partner for US. Isaac Herzoc 0:04:26.920 --> 0:04:30.560 Israeli President. I want to extend my heartfelt thanks to 0:04:30.640 --> 0:04:33.760 Joe Biden for his friendship and steadfast support for the 0:04:33.800 --> 0:04:38.480 Israeli people over his decades long career and Canadian Prime 0:04:38.480 --> 0:04:42.800 Minister Justin Trudeau. I've known President Biden for years. He's 0:04:42.839 --> 0:04:45.800 a great man and everything he does is guided by 0:04:45.800 --> 0:04:49.680 his love for his country. Ed Baxter, Bloomberg Radio, all. 0:04:49.680 --> 0:04:52.560 Right, ed, thank you will. Investors have been amassing wagers 0:04:52.600 --> 0:04:55.360 on Donald Trump's return to the White House for weeks, 0:04:55.400 --> 0:04:58.320 trimming holdings of long term US bonds and buying bitcoin. 0:04:58.760 --> 0:05:01.880 Now they're considering their Biden's exit from the race boosts 0:05:01.880 --> 0:05:04.920 the odds of a Democrat victory. On Bloomberg's Jeff Bellinger 0:05:04.960 --> 0:05:07.200 takes a look at some key sectors in the spotlight. 0:05:07.680 --> 0:05:11.320 Electric vehicles will be in focus. The Biden administration has 0:05:11.360 --> 0:05:15.680 made a strong push toward electrification of transportation, while Trump 0:05:15.720 --> 0:05:20.280 has said he will entirely reverse Biden's ev policy. Private 0:05:20.320 --> 0:05:23.480 prison stocks have risen recently as they were seen benefiting 0:05:23.520 --> 0:05:27.240 in a Republican sweep. Given Trump's tough stance on immigration. 0:05:27.800 --> 0:05:32.080 Trump's enthusiastic stance on cryptocurrency has made this group a 0:05:32.120 --> 0:05:36.599 bet on his presidency. Regulation heavy sectors such as financials 0:05:36.640 --> 0:05:39.760 are seen doing better under Republicans, who are seen as 0:05:39.880 --> 0:05:44.440 more lenient than Democrats. Healthcare is yet another regulation heavy 0:05:44.520 --> 0:05:48.760 group that may face easier rules under Republicans, and renewable 0:05:48.880 --> 0:05:52.039 energy and green energy focused stocks will also be in 0:05:52.080 --> 0:05:55.159 the spotlight since it is yet another point of contention 0:05:55.400 --> 0:05:59.640 between Republicans and Democrats. Jeff Bellinger, Bloomberg Radio. 0:06:00.200 --> 0:06:02.560 Jeffs for markets this morning, We're seeing a bit of 0:06:02.640 --> 0:06:07.159 dollar weakness. Treasuries are rising after President Biden's and to 0:06:07.279 --> 0:06:11.000 his reelection bid. Stock futures are higher, led by tech stocks. 0:06:11.400 --> 0:06:14.280 Investors will have their hands full dealing with earnings this 0:06:14.440 --> 0:06:17.400 week in the tech sector. Tesla and will be the 0:06:17.440 --> 0:06:20.360 first of the so called Magnificent Seven to report tomorrow. 0:06:20.720 --> 0:06:20.880 Well. 0:06:20.960 --> 0:06:24.919 Nathan Delta Airlines is apologizing for canceling thousands of flights 0:06:25.000 --> 0:06:27.840 during the busiest travel weekend of the summer as many 0:06:27.839 --> 0:06:31.760 of his systems failed following the catastrophic Crown strikeoutage on Friday. 0:06:32.040 --> 0:06:34.760 The Atlanta based carrier stood out as the airline worse 0:06:34.880 --> 0:06:39.000 affected by the technology meltdown. According to aviation data firm Syrium, 0:06:39.440 --> 0:06:43.400 US carriers, which form the world's biggest air travel market, 0:06:43.760 --> 0:06:50.400 were by far the hardest hit among airlines globally. And 0:06:50.480 --> 0:06:51.600 it's time now for a look at some of the 0:06:51.640 --> 0:06:53.960 other stories making news in New York and around the world. 0:06:53.960 --> 0:06:57.000 For that, we're joined by Bloomberg's Michael Barr Michael, good Morning. 0:06:57.080 --> 0:07:00.360 Good morning here and local politicians are reacting to President 0:07:00.480 --> 0:07:03.719 Joe Biden dropping out of the twenty twenty four presidential race. 0:07:04.279 --> 0:07:07.360 New York Mayor Eric Adams, in a statement, says America 0:07:07.839 --> 0:07:10.840 owes a debt of gratitude to President Joe Biden for 0:07:10.880 --> 0:07:14.320 his decades of service. He and his team took us 0:07:14.320 --> 0:07:17.360 out of COVID, stabilize the country and restore the soul 0:07:17.440 --> 0:07:20.400 of the nation. President Biden is now again delivering for 0:07:20.520 --> 0:07:23.720 the American people by passing the torch at a critical 0:07:23.760 --> 0:07:26.960 moment when the country needs strong leadership from a new generation. 0:07:27.560 --> 0:07:31.560 In New Haven, Connecticut, Democratic Senator Richard Blumenthal praised Biden's 0:07:31.560 --> 0:07:32.560 decision to bow out. 0:07:32.800 --> 0:07:38.880 He has helped to cement his legacy of leadership and 0:07:39.120 --> 0:07:41.840 vision with this decision. 0:07:42.480 --> 0:07:46.520 Meanwhile, Republican Congresswoman Elise Stefanic of New York's twenty first 0:07:46.560 --> 0:07:50.360 district says if Joe Biden can't run for reelection, he 0:07:50.440 --> 0:07:54.240 is unable and unfit to serve as president of the 0:07:54.360 --> 0:07:59.840 United States. He must immediately resign. US Secret Service Director 0:08:00.080 --> 0:08:04.160 Kimberly Cheatle will testify before Congressional Committee today about the 0:08:04.160 --> 0:08:08.360 recent failed assassination attempt against former President Trump at a 0:08:08.400 --> 0:08:13.280 Pennsylvania rally. House Oversite Chairman James Comerce says today's hearing 0:08:13.600 --> 0:08:16.160 will be the beginning of the process to get answers 0:08:16.160 --> 0:08:19.320 for the American people, including how the gunman made it 0:08:19.440 --> 0:08:22.680 on top of a roof cheatles as their agency is 0:08:22.720 --> 0:08:26.680 reviewing its actions. More than a dozen Congressional Republicans, including 0:08:26.680 --> 0:08:29.920 how Speaker Mike Johnson, say Cheatle needs to resign. 0:08:30.320 --> 0:08:32.840 Director Cheatle has shown the world and said that she 0:08:32.880 --> 0:08:34.520 has different priorities she needs to go. 0:08:35.200 --> 0:08:38.840 Speaker Johnson was on ABC's This Week Heard Sundays on Bloomberg. 0:08:39.400 --> 0:08:42.360 There are fresh warnings that smoke from fires in the 0:08:42.360 --> 0:08:46.920 West are impacting air quality across the region. A wildfire 0:08:46.960 --> 0:08:52.520 in Riverside County, California, is burning homes and triggering evacuation orders. 0:08:53.040 --> 0:08:55.520 Riverside County Council Member Sean Mill. 0:08:55.679 --> 0:08:59.440 We'd ask that you stay out of the area, and 0:08:59.480 --> 0:09:02.480 if you've been as to evacuate, please comply with the 0:09:02.520 --> 0:09:07.120 evacuation orders for your safety and those of our first responders. 0:09:07.800 --> 0:09:11.560 Forecasters warn that smoke from the Western fires, along with 0:09:11.640 --> 0:09:16.600 smoke from Canadian wildfires, we'll push farther east today, bringing 0:09:16.679 --> 0:09:20.400 hazy skies across the northern plains. Global News twenty four 0:09:20.400 --> 0:09:23.679 hours a day and whenever you want it with Bloomberg News. Now, 0:09:23.840 --> 0:09:26.000 I'm Michael Barr, and this is Bloomberg Heron. 0:09:26.160 --> 0:09:33.080 All right, Michael, thank you. Time now for the Bloomberg 0:09:33.160 --> 0:09:35.000 Sports Update with John stash Hour. 0:09:35.080 --> 0:09:37.360 John, good morning, Good morning carying the last round, the 0:09:37.440 --> 0:09:39.840 last major of the year. Terrific one for the thirty 0:09:39.920 --> 0:09:43.280 year old from San Diego, Xander Shaffley, a bogie free 0:09:43.360 --> 0:09:45.040 sixty five. That's the same score he had in the 0:09:45.040 --> 0:09:47.000 fun a round two months ago in Louisville when he 0:09:47.000 --> 0:09:50.200 won the PGA Championship. That was his first career major 0:09:50.360 --> 0:09:53.000 victory after being o for twenty nine and Royal trud 0:09:53.040 --> 0:09:56.000 in Scotland. Shoftley added the Open Championship. 0:09:56.280 --> 0:09:59.679 I was jumped of doing it. The h that walk 0:09:59.760 --> 0:10:03.319 up a truly is the coolest, with the yellow leader 0:10:03.360 --> 0:10:06.480 boards and the fans and the standing ovation, it really 0:10:06.600 --> 0:10:08.559 is the coolest, one of the coolest feelings I've ever 0:10:08.559 --> 0:10:10.520 had in my life. I got chills walking down and 0:10:11.040 --> 0:10:14.080 quickly had to sap myself back into focus because the 0:10:14.080 --> 0:10:15.000 tournament wasn't over yet. 0:10:15.080 --> 0:10:18.040 Shotley finished nine under par one by two over Justin 0:10:18.120 --> 0:10:20.520 Rose and Billy Horschell. Yankees and Rays will conclude their 0:10:20.520 --> 0:10:22.960 four game series this afternoons the Stadium of Tampa Bay. 0:10:22.960 --> 0:10:24.760 Two wins over the weekend as shirt of at least 0:10:24.760 --> 0:10:27.440 as splits of the Yanks have won only one series 0:10:27.520 --> 0:10:30.440 since mid June. The Raise, who hit four home runs Saturday, 0:10:30.760 --> 0:10:33.000 came back with four more and won six to four 0:10:33.080 --> 0:10:35.839 in defeat a long three run shot for Aaron Judge 0:10:35.880 --> 0:10:38.640 his thirty fifth Dodgers last night hit six home runs 0:10:38.840 --> 0:10:41.559 Shoeotani his thirtieth LA for this a sweep of the 0:10:41.600 --> 0:10:44.959 Red Sox nine to six. Orioles lost three two in Texas, 0:10:44.960 --> 0:10:47.560 so Baltimore remains two games ahead of the Yankees. Mets 0:10:47.640 --> 0:10:49.760 lost in Miami four to two. Three run homer for 0:10:49.760 --> 0:10:52.400 the Marlins Jazz Chisholm. His name's been mentioned in the 0:10:52.400 --> 0:10:55.199 offening trade rumors. The series ends tonight. Nationals beat the 0:10:55.240 --> 0:10:56.720 Reds five to two on a three run homer in 0:10:56.720 --> 0:11:00.000 the eighth FI. That's rookie feet on James Wood Induction Day, 0:11:00.160 --> 0:11:03.160 Cooper's down. Adrian Beltrained voted in his first time on 0:11:03.200 --> 0:11:06.280 the ballot, joined by Todd Helton, Joe Mauer and Jim 0:11:06.360 --> 0:11:08.640 Leland became the twenty third to make it as a manager. 0:11:08.920 --> 0:11:11.240 Johns Dashedward Bloomberg Sports Karen Nathan. 0:11:13.160 --> 0:11:17.280 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:17.400 --> 0:11:20.280 and around the world on Bloomberg dot Com and the 0:11:20.320 --> 0:11:24.440 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:11:24.480 --> 0:11:27.720 Nathan Hager. President Biden's decision to abandon his re election 0:11:27.920 --> 0:11:31.080 campaign and endorse Vice President Kamala Harris is setting off 0:11:31.120 --> 0:11:34.280 a four month sprint for Democrats to keep their bid 0:11:34.320 --> 0:11:36.440 for holding onto the White House alive and to hold 0:11:36.480 --> 0:11:39.000 off a Trump vance campaign that had been on the 0:11:39.120 --> 0:11:42.280 rise since the Republican Convention. From where we are joined 0:11:42.280 --> 0:11:46.240 this morning by Terry Haynes, the founder of Pangaea policy. Terry, 0:11:46.280 --> 0:11:48.920 We've had an evening and an early morning to wrap 0:11:48.920 --> 0:11:52.360 our heads around a President Biden's decision here obviously a 0:11:52.400 --> 0:11:56.400 major shakeup, and the President has of course endorsed his 0:11:56.679 --> 0:11:59.680 vice president. Do you see the Democratic Party getting quickly 0:12:00.000 --> 0:12:03.160 behind a vice president Kamala Harris campaign or is this 0:12:03.280 --> 0:12:04.520 going to be a fight? 0:12:05.679 --> 0:12:08.520 Good morning, Nathan. You know, I do think that they're 0:12:08.520 --> 0:12:14.480 going to coalesce around Harris fairly quickly. Harris, Harris needed 0:12:14.480 --> 0:12:16.840 to do the first thing that I think she's already done, 0:12:16.880 --> 0:12:20.360 which is actually take on the mantle of the nominee 0:12:20.640 --> 0:12:22.760 and act like she's the nominee. And I think that's 0:12:22.920 --> 0:12:26.199 very important. If one thing that we've learned of the 0:12:26.280 --> 0:12:29.040 last month from Democrats is that they're not very good 0:12:29.160 --> 0:12:32.480 at telling people know or please stop to their face. 0:12:32.559 --> 0:12:35.480 So Harris needs to fill a gap, and I think 0:12:35.520 --> 0:12:38.679 she's doing that. I think Harris. It's also in Harris's 0:12:38.760 --> 0:12:43.040 benefit to have a situation where most of the focus 0:12:43.160 --> 0:12:47.040 and most of the competition goes towards the vice presidential nomination, 0:12:47.200 --> 0:12:50.160 and I think you're seeing both of those things today. 0:12:50.240 --> 0:12:54.400 By and large, it is important for them to proceed 0:12:54.679 --> 0:12:59.000 by talking a lot about about and to the delegates, though, 0:12:59.040 --> 0:13:03.160 because one less obvious factor here in Biden's decision was 0:13:03.240 --> 0:13:06.480 that the delegates were not going to stand for virtually 0:13:06.520 --> 0:13:09.360 nominating Biden. That wasn't going to happen, and that delegate 0:13:09.400 --> 0:13:11.120 revolt was key in Biden's decision. 0:13:11.360 --> 0:13:15.440 Now, the President did win the support of ninety nine 0:13:15.480 --> 0:13:20.400 percent of the pledge delegates with him endorsing Vice President Harris. 0:13:20.440 --> 0:13:23.400 Do they immediately go to her or do they have 0:13:23.440 --> 0:13:24.560 an open decision to make? 0:13:25.200 --> 0:13:27.520 No, they do have their own decision to make. And 0:13:27.520 --> 0:13:32.199 that's a very smart question because you know they are pledged. 0:13:32.200 --> 0:13:34.120 So what's going to end up having to happen is 0:13:34.160 --> 0:13:38.280 that either he releases either he releases his delegates and 0:13:39.080 --> 0:13:44.040 then they automatically ar coalesce around Harris, or the rules 0:13:44.080 --> 0:13:48.880 of the convention are tweaked to speed Harris's nomination. I 0:13:48.960 --> 0:13:51.000 think it's probably going to end up being the first. 0:13:51.360 --> 0:13:54.080 They don't want to get into a situation where they 0:13:54.120 --> 0:13:56.040 open up the convention rules. 0:13:56.800 --> 0:14:01.040 How seriously do you take this? Read this balloon that's 0:14:01.080 --> 0:14:04.839 been floated by Aids to Senator Mansion that he might 0:14:04.880 --> 0:14:05.840 be thinking about a race. 0:14:05.920 --> 0:14:11.120 Now, I have great professional admiration for Senator Mansion and 0:14:11.200 --> 0:14:17.440 his method of practicing politics. My view of this, generally speaking, 0:14:17.679 --> 0:14:21.520 is that firstly, the senator, the Senator wants something for 0:14:21.560 --> 0:14:24.480 in terms of in exchange for his support. I don't 0:14:24.520 --> 0:14:28.160 know what that would be just now, but but he 0:14:28.240 --> 0:14:31.240 wants something. Secondly, he's trying to make the point that 0:14:31.440 --> 0:14:36.880 the rush towards progressivism, that he thinks Harris and Bodies 0:14:36.880 --> 0:14:39.320 a lot of the people that would support Harris and 0:14:39.360 --> 0:14:43.440 Bodies run the risk of losing the election because they 0:14:43.480 --> 0:14:47.200 will forget the broad and middle that that they need 0:14:47.200 --> 0:14:50.040 the independence in particular in order to get there. So 0:14:51.400 --> 0:14:55.800 he's he's he arrives with Buckshot in two different ways. 0:14:56.120 --> 0:14:59.760 Does that point to a vice presidential running mate selection 0:15:00.080 --> 0:15:03.280 concess that uh, that the Vice President Harris might be 0:15:03.320 --> 0:15:06.800 thinking through Right now? We heard Senator Mansion talk about 0:15:06.800 --> 0:15:10.640 the deep bench that could be there for the Democratic Party. 0:15:10.640 --> 0:15:13.880 Does that include a potential running mate for Vice President Harris? 0:15:14.720 --> 0:15:16.880 Yeah? I think so, you know, they need to balance, 0:15:17.440 --> 0:15:20.400 they need a ticket balancer in some way, and you 0:15:20.440 --> 0:15:23.120 know the you know, I put it with one of 0:15:23.160 --> 0:15:27.520 your colleagues yesterday. The Captain obvious analysis here is to 0:15:28.160 --> 0:15:31.360 say that what he needs is a swing state governor, 0:15:31.720 --> 0:15:33.600 or what she needs is a swing state governor excuse me, 0:15:33.680 --> 0:15:36.680 and uh, And I think that's probably the case. Yeah, 0:15:36.760 --> 0:15:38.680 So I would look at I would look at people 0:15:38.760 --> 0:15:42.720 like Governor Whittmer of Michigan, Governor Shapiro of Pennsylvania as 0:15:42.920 --> 0:15:46.400 as filling that need not just because they're swing states, 0:15:46.400 --> 0:15:49.720 but because they're they are fluent in in what i'll 0:15:49.760 --> 0:15:53.640 call center speak, the ability to appeal to uh and 0:15:53.760 --> 0:15:56.800 uh and have a voting record that tracks their appeal 0:15:56.920 --> 0:16:00.240 from exactly the kind of voters that might be warious. 0:16:00.080 --> 0:16:04.080 Paris just thirty seconds left. Terry is President Biden just 0:16:04.080 --> 0:16:05.200 a four month lame duck? 0:16:05.280 --> 0:16:11.640 Now, yes, yes he is. It's a situation where he'll 0:16:11.640 --> 0:16:16.520 continue to exercise the powers of the presidency. Then his 0:16:16.640 --> 0:16:19.200 presence will will frankly be be a somewhat of a 0:16:19.280 --> 0:16:21.280 drag on the Harris ticket due to the fact that 0:16:21.880 --> 0:16:23.440 he dropped out under the services head. 0:16:23.720 --> 0:16:26.600 This is Bloomberg day Break Today, your morning brief on 0:16:26.680 --> 0:16:30.320 the stories making news from Wall Street to Washington and beyond. 0:16:30.480 --> 0:16:33.280 Look for us on your podcast feed at six am 0:16:33.320 --> 0:16:37.000 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:37.080 --> 0:16:38.240 get your podcasts. 0:16:38.360 --> 0:16:41.040 You can also listen live each morning starting at five 0:16:41.120 --> 0:16:43.680 am Wall Street Time on Bloomberg eleven three to zero 0:16:43.760 --> 0:16:46.560 in New York, Bloomberg ninety nine to one in Washington, 0:16:46.680 --> 0:16:49.920 Bloomberg one six to one in Boston, and Bloomberg ninety 0:16:49.920 --> 0:16:51.320 sixty in San Francisco. 0:16:51.720 --> 0:16:54.880 Our flagship New York station is also available on your 0:16:54.920 --> 0:16:59.680 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty 0:17:00.040 --> 0:17:02.920 plus listen coast to coast on the Bloomberg Business app, 0:17:03.000 --> 0:17:07.000 serious XM, the iHeartRadio app, and on Bloomberg dot com. 0:17:07.040 --> 0:17:10.000 I'm Nathan Hager and I'm Karen Moscow. Join us again 0:17:10.040 --> 0:17:12.760 tomorrow morning for all the news you need to start 0:17:12.800 --> 0:17:15.400 your day right here on Bloomberg Daybreak