Presidential Immunity Ruling Reaction; Dems May Nominate Biden Early

Bloomberg Audio Studios, Podcasts, radio News. 0:00:09.520 --> 0:00:11.320 Good morning. I'm Nathan Hager. 0:00:11.240 --> 0:00:14.480 And I'm Karen Moscow. Here are the stories we're following today. 0:00:14.840 --> 0:00:17.439 Karen, we begin with the Supreme Court decision that could 0:00:17.480 --> 0:00:20.959 reshape the twenty twenty four presidential race and alter the 0:00:21.000 --> 0:00:24.800 limits of presidential power well beyond this year. The Justice 0:00:24.840 --> 0:00:26.720 is ruled in a six to three vote that former 0:00:26.760 --> 0:00:30.680 President Donald Trump has some immunity from criminal charges over 0:00:30.720 --> 0:00:33.920 his efforts to overturn the twenty twenty election. Last night, 0:00:33.960 --> 0:00:36.400 President Biden went before the cameras at the White House 0:00:36.400 --> 0:00:38.919 to say the High Court set a dangerous precedent. 0:00:39.440 --> 0:00:43.240 No one, no one is above the law, not even 0:00:43.280 --> 0:00:47.280 the President of the United States. With today's Supreme Court decision, 0:00:47.520 --> 0:00:53.680 I'm presidential immunity that fundamentally changed for all, for all 0:00:53.720 --> 0:00:58.640 practical purposes. Today's decision almost certainly means that there are virtually. 0:00:58.280 --> 0:01:02.360 No limits or And now President Biden says us up 0:01:02.360 --> 0:01:04.800 to voters to render a judgment on Trump and decide 0:01:04.800 --> 0:01:08.640 whether his actions on January sixth make him unfit for office. 0:01:09.160 --> 0:01:11.959 Well now, Nathan, former President Trump is looking to take 0:01:12.000 --> 0:01:14.800 his victory at the Supreme Court into new York. His 0:01:14.959 --> 0:01:17.440 lawyers have taken the first steps to have his criminal 0:01:17.520 --> 0:01:20.480 hush money convictions tossed out now that the High Court 0:01:20.520 --> 0:01:23.720 has found he has substantial immunity. Trump is due for 0:01:23.880 --> 0:01:26.840 sentencing next week on the thirty four felony counts. His 0:01:26.920 --> 0:01:29.679 legal team is asking for a delay to allow time 0:01:29.720 --> 0:01:31.080 for briefing and arguments. 0:01:31.200 --> 0:01:34.600 I'm sticking with presidential politics careen. The Democratic National Committee 0:01:34.640 --> 0:01:38.119 is now considering formally nominating Joe Biden as early as 0:01:38.240 --> 0:01:42.680 this month, nearly a month before their convention. Bloomberg's Amy 0:01:42.720 --> 0:01:44.320 Morris reports from Washington. 0:01:44.880 --> 0:01:47.920 The strategy is to ensure that President Biden is on 0:01:48.000 --> 0:01:51.600 November ballots and stamp out any intra party chatter of 0:01:51.640 --> 0:01:55.840 replacing Biden after last week's poor debate performance. A potential 0:01:55.920 --> 0:01:58.720 date for Biden's nomination is July twenty first, when the 0:01:58.720 --> 0:02:02.880 Democratic Convention's create Udentials Committee meets. Virtually that's according to 0:02:02.880 --> 0:02:05.919 people familiar with the matter who spoke on condition of anonymity. 0:02:06.280 --> 0:02:09.320 The panel is meeting to finalize procedures before the party's 0:02:09.360 --> 0:02:13.160 convention in Chicago starts August nineteenth. In Washington, Amy Morris 0:02:13.160 --> 0:02:14.240 Bloomberg Radio. 0:02:14.320 --> 0:02:17.840 Amy, thank you all. Despite Biden's debate performance. The President's 0:02:17.880 --> 0:02:20.840 campaigns says it raised one hundred and twenty seven million 0:02:20.919 --> 0:02:24.359 dollars in June. The hall is the Biden campaign's best 0:02:24.400 --> 0:02:27.880 fundraising month of the election cycle. Biden AD's have pointed 0:02:27.880 --> 0:02:31.000 to their ability to rake in cash despite his performance 0:02:31.320 --> 0:02:34.639 as evidence the President retained his party support and had 0:02:34.639 --> 0:02:36.840 not irrevocably damaged his campaign. 0:02:37.080 --> 0:02:40.600 It's turned to politics overseas now. Karen French President, Emmanuel 0:02:40.639 --> 0:02:44.000 mccrone's centrist Alliance and the left wing New Popular Front 0:02:44.240 --> 0:02:47.880 are considering pulling candidates from the second round of parliamentary 0:02:47.919 --> 0:02:51.000 voting in a bid to stop the far right. The 0:02:51.120 --> 0:02:53.680 National Rally and it's allies won the largest share of 0:02:53.680 --> 0:02:55.880 the vote in the first round, with just over thirty 0:02:55.880 --> 0:02:59.360 three percent. Now, an outright majority for Marine La Penn's 0:02:59.400 --> 0:03:02.960 party or a hung parliament are the most likely eventualities. 0:03:03.040 --> 0:03:05.680 Alan Katz is Bloomberg's bureau chief in Paris. 0:03:06.080 --> 0:03:09.520 If you're in the financial market, your best case scenario 0:03:09.720 --> 0:03:12.320 is nothing happens over the next three years. This is 0:03:12.440 --> 0:03:16.959 very hard for French people to accept the idea that 0:03:17.120 --> 0:03:20.760 you might spend a long time not legislating, not really 0:03:20.800 --> 0:03:23.240 doing anything it's very different. You know, if you're American, 0:03:23.720 --> 0:03:25.560 that sort of you're like, well, actually, that's way it's 0:03:25.600 --> 0:03:27.119 been for most of the time, for the last twenty 0:03:27.200 --> 0:03:29.520 or thirty years, but here it's not. France is sort 0:03:29.520 --> 0:03:33.760 of a semi presidential semi parliamentary system. Usually the government 0:03:33.800 --> 0:03:36.240 that the executive branch has a majority in parliament and 0:03:36.280 --> 0:03:37.800 can basically pass whatever they want. 0:03:37.960 --> 0:03:40.720 Bloomberg Paris Bureau chief Allan Katz says the second round 0:03:40.760 --> 0:03:43.680 of voting takes place Sunday. Stocks in France are lower 0:03:43.760 --> 0:03:47.200 this morning. They've now wiped out nearly all of yesterday's games. 0:03:47.720 --> 0:03:47.880 Well. 0:03:47.920 --> 0:03:50.920 Here in the US, Nathan futures are lower. Ahead of 0:03:50.960 --> 0:03:54.040 the session on Wall Street, automakers will be in focus, 0:03:54.080 --> 0:03:58.040 with car makers releasing monthly sales data. Analysts are expecting 0:03:58.080 --> 0:04:01.520 Tesla to report another quarter of sales and dan Ives 0:04:01.520 --> 0:04:04.000 covers the ev maker for web Bush Securities. 0:04:04.800 --> 0:04:08.400 I think Tesla bet Whisper numbers four fifteen K four 0:04:08.360 --> 0:04:11.480 to twenty and this marks what I believe is the 0:04:11.600 --> 0:04:15.520 worst in the rearview mirror. The comeback story for Musk 0:04:15.560 --> 0:04:18.479 and Tesla has begun, which is why we see a 0:04:18.480 --> 0:04:20.880 bold case for the stock going into the next six. 0:04:20.680 --> 0:04:23.240 Months, when Bush's dan ives as a two hundred and 0:04:23.279 --> 0:04:26.320 seventy five dollars price target for Tesla. The stock trading 0:04:26.360 --> 0:04:28.279 around two hundred eight this morning. 0:04:28.200 --> 0:04:31.599 And Microsoft will begin today's session at all time highs Karen. 0:04:31.640 --> 0:04:35.240 As a result, Steve Balmer has now passed Bill Gates 0:04:35.360 --> 0:04:38.960 as the sixth richest person in the world. We get 0:04:39.000 --> 0:04:41.200 more from Bloomberg's Charlie Pellett. 0:04:41.480 --> 0:04:44.520 It is the first time that the former CEO of 0:04:44.640 --> 0:04:48.599 Microsoft has been wealthier than the company's co founder. The 0:04:48.720 --> 0:04:52.720 move came as Microsoft shares rose to another record, bringing 0:04:52.760 --> 0:04:56.839 their total game this year to twenty one percent. The company, 0:04:56.880 --> 0:04:59.880 through its partnership with open Ai, has been one of 0:05:00.000 --> 0:05:04.520 the biggest beneficiaries of the artificial intelligence rally that has 0:05:04.560 --> 0:05:08.080 powered the US stock market higher. More than ninety percent 0:05:08.160 --> 0:05:11.400 of Balmer's one hundred and fifty seven point two billion 0:05:11.440 --> 0:05:15.400 dollar net worth is in Microsoft shares, according to the 0:05:15.440 --> 0:05:20.560 Bloomberg Billionaire's Index in New York. Charlie Pellett Bloomberg Radio. 0:05:20.680 --> 0:05:23.120 Right, Charlie, thank you, and we're also following shares at 0:05:23.120 --> 0:05:25.960 Paramount Global this morning. This after The New York Times 0:05:26.000 --> 0:05:29.679 reported Barry Diller is considering making an offer for control 0:05:29.680 --> 0:05:32.440 of the company. We get more from Bloomberg's Doug Krisner. 0:05:32.960 --> 0:05:35.960 Diller's interest in Paramount is the latest twist and a 0:05:36.000 --> 0:05:39.200 complex and dramatic effort to sell the company. Last month, 0:05:39.240 --> 0:05:42.920 a deal seemed close with Skydance Media. Then talks between 0:05:42.960 --> 0:05:47.520 Skydance and Paramount's controlling shareholder, National Amusements, fell apart. It 0:05:47.560 --> 0:05:51.839 appears Diller's non disclosure agreement with National Amusements was signed 0:05:51.880 --> 0:05:54.960 sometime after the Skydance deal fell through. Now a bit 0:05:55.000 --> 0:05:57.719 to take control of Paramount would be a codea of 0:05:57.800 --> 0:06:00.719 sorts for Diller. He tried to acquire Paramot Pictures in 0:06:00.760 --> 0:06:04.560 the early nineteen nineties. Buddy was outbid by Sumner Redstone, 0:06:04.560 --> 0:06:08.039 the media mogul whose daughter Sherry now controls the company 0:06:08.080 --> 0:06:09.400 through National Amusements. 0:06:09.600 --> 0:06:10.080 In New York. 0:06:10.120 --> 0:06:11.560 I'm Doug Prisoner, Bloomberg Radio. 0:06:11.800 --> 0:06:14.239 All right, Doug, thank you, and shares a. Paramount Global 0:06:14.360 --> 0:06:20.240 up almost three percent this morning. Time now for a 0:06:20.240 --> 0:06:21.960 look at some of the other stories making news in 0:06:21.960 --> 0:06:23.760 New York and around the world. For that, we're joined 0:06:23.760 --> 0:06:26.400 by Bloomberg's Michael Barr. Michael, good morning. 0:06:26.200 --> 0:06:30.679 Good morning, Karen Hurricane Beryl is strengthened to Category five 0:06:30.800 --> 0:06:35.120 status as it crosses islands in the southeastern Caribbean. It's 0:06:35.160 --> 0:06:39.200 the earliest Cat five hurricane in the Atlantic ever. Beryl 0:06:39.279 --> 0:06:43.240 ripped off doors, windows and roofs and homes. Grenada's Prime 0:06:43.279 --> 0:06:46.680 Minister Dick and Mitchell said late last night that one 0:06:46.720 --> 0:06:49.640 person had died and authorities had not been able to 0:06:49.680 --> 0:06:52.960 assess the situation on some hard hit islands. 0:06:53.040 --> 0:06:56.760 The expectation is that the damage in Kaikwon pet Machnik 0:06:57.200 --> 0:06:58.480 is going to be extreme. 0:06:59.360 --> 0:07:02.760 Early today, Beryl's wins increased to one hundred and sixty 0:07:02.800 --> 0:07:06.600 five miles per hour. It is forecast pass near Jamaica tomorrow. 0:07:07.080 --> 0:07:10.080 A Massachusetts judge declared to miss trial in the case 0:07:10.080 --> 0:07:13.600 of Karen Reid, the woman accused of running over her boyfriend, 0:07:13.760 --> 0:07:17.480 a Boston police officer, with their suv and leaving him 0:07:17.520 --> 0:07:20.920 to die in a snowstorm. In twenty twenty two. Jurors 0:07:20.920 --> 0:07:23.640 were in their fifth day of deliberations when the four 0:07:23.800 --> 0:07:27.560 person eventually told the judge that they hadn't reached a 0:07:27.680 --> 0:07:30.920 unanimous verdict. Judge Beverly canone. 0:07:30.640 --> 0:07:34.040 To continue to deliberate would be feudal and only serve 0:07:34.120 --> 0:07:37.040 to force us to compromise these deeply held beliefs. 0:07:37.680 --> 0:07:41.560 Defense attorney Alan Jackson celebrated the decision outside the courthouse. 0:07:42.000 --> 0:07:44.480 This is what it looks like when you bring false 0:07:44.560 --> 0:07:46.080 charges against an innocent person. 0:07:46.560 --> 0:07:49.720 Reed must return to a Massachusetts court room later this 0:07:49.880 --> 0:07:53.400 month and stand trial for the death of Brian O'Keefe again. 0:07:54.000 --> 0:07:57.360 The Israeli Army has ordered a mass evacuation of Palestinians 0:07:57.720 --> 0:08:01.440 for much of Gaza's second largest city, con Unis. The 0:08:01.720 --> 0:08:04.760 order is a sign that Israeli troops could soon return 0:08:04.880 --> 0:08:07.920 to the southern city. It is also in the indications 0:08:08.000 --> 0:08:12.920 that Hamas has regrouped there. We're learning several US military 0:08:12.920 --> 0:08:16.560 bases across Europe were put under a heightened state of alert, 0:08:16.640 --> 0:08:20.240 a force protection condition, over the weekend. It is the 0:08:20.280 --> 0:08:23.760 second highest state of alert that applies when an incident 0:08:23.800 --> 0:08:28.840 occurs or intelligence is received indicating some form of terrorist action. 0:08:29.520 --> 0:08:33.800 Deputy Press Secretary Sabrina Singh spoke during Monday's Pentagon briefing 0:08:34.320 --> 0:08:38.040 not related to a single threat, but it was due 0:08:38.040 --> 0:08:41.560 to a combination of factors, potentially things impacting the safety 0:08:41.600 --> 0:08:44.839 and security of service members stationed in the European theater, 0:08:45.400 --> 0:08:48.040 The Pentagon. Sabrina Singh says the height and alert was 0:08:48.080 --> 0:08:51.240 done out of an abundance of caution. Global news twenty 0:08:51.240 --> 0:08:53.720 four hours a day and whenever you want it with 0:08:53.760 --> 0:08:57.160 the Bloomberg News Now. I'm Michael Barr, and this is Bloomberg. 0:08:56.679 --> 0:09:03.719 Karen Ray, Michael Barr, thank you time now for the 0:09:03.760 --> 0:09:06.280 Bloomberg Sports Update with John Stashauer. 0:09:06.400 --> 0:09:08.640 John, good morning, Good morning Carrion. It's a busy day 0:09:08.679 --> 0:09:12.920 for the NBA champion Boston Celtics. First they rewarded Derek 0:09:12.960 --> 0:09:14.959 White with a four year, one hundred and twenty six 0:09:15.000 --> 0:09:18.320 million dollar extension, and then they rewarded Jason Tatum with 0:09:18.440 --> 0:09:21.280 a super Max deal of five years, three hundred and 0:09:21.360 --> 0:09:25.079 fifteen million, So Tatum will make sixty three million a year, 0:09:25.120 --> 0:09:27.600 most in history. And the Celtics have been put up 0:09:27.600 --> 0:09:30.520 for sale. Wick Grossbeck became majority owner in two thousand 0:09:30.520 --> 0:09:32.760 and two with a purchase price of three hundred and 0:09:32.800 --> 0:09:35.920 sixty million. The Celtics have been valued at four point 0:09:35.960 --> 0:09:39.400 seven billion. Klay Thompson leaving the Warriors after thirteen seasons 0:09:39.400 --> 0:09:42.760 and four championships. He's headed to Dallas, and Isaiah Hartenstein 0:09:42.880 --> 0:09:45.920 is leaving the Knicks headed for Oklahoma City, which means 0:09:45.920 --> 0:09:49.280 the Knicks need a center. They may resign Tresca Sachua. 0:09:49.320 --> 0:09:52.840 There's also NHL free agency, and among the signings Steven 0:09:52.920 --> 0:09:56.240 Stamcos with Nashville. He had spent his entire sixteen year 0:09:56.280 --> 0:09:59.319 career with Tampa Bay Mets. The Nationals first of four 0:09:59.360 --> 0:10:02.960 in DC three three in the tenth inning, oh in 0:10:03.080 --> 0:10:06.560 two the count, Harvey ready. He delivers swung on, hitting 0:10:06.600 --> 0:10:07.959 the air deep center field. 0:10:08.080 --> 0:10:10.880 Young drifting back to the warning track, turns at. 0:10:10.760 --> 0:10:16.480 The wall, gone, go ahead, three run home run J D. 0:10:16.920 --> 0:10:20.040 Martinez six, three Mets. 0:10:20.040 --> 0:10:23.760 In the tenth WCBS, Mets weren't done. Francisco Alvarez his 0:10:23.800 --> 0:10:26.120 first ever triple, scored another run and then a two 0:10:26.200 --> 0:10:28.760 run homer by Jose Iglesias, and the Mets needed that 0:10:29.280 --> 0:10:31.880 because the Nats scored four in the bottom of the tenth. 0:10:31.920 --> 0:10:34.480 Mets won ninety seven. They won without Brandon Nimmo. He 0:10:34.559 --> 0:10:37.480 fainted in his hotel room, suffered a gash on his 0:10:37.600 --> 0:10:40.199 head with no concussion. Nemo hopes to play tonight in 0:10:40.320 --> 0:10:42.520 Kansas City. Was the end of group play in Copa 0:10:42.559 --> 0:10:45.120 America in the US. After getting upset by Panama had 0:10:45.120 --> 0:10:48.960 to win to advance. Lost one Nilta Uruguay, who scored 0:10:49.000 --> 0:10:51.800 sixty six minute the US is out and Wimbledon Arena 0:10:51.840 --> 0:10:54.720 Sabalanca set in third Withdrew with a shoulder injury. Opening 0:10:54.760 --> 0:10:58.200 day wins for Coco Goff, Carlos Alcaraz and Yanni Center 0:10:58.480 --> 0:11:00.640 Josh Dashtan. We're Bloomberg's Karen. 0:11:02.960 --> 0:11:07.080 Coast to Coast on Bloomberg Radio nationwide on Syrias XM, 0:11:07.160 --> 0:11:10.080 and around the world on Bloomberg dot Com and the 0:11:10.120 --> 0:11:11.360 Bloomberg Business app. 0:11:11.559 --> 0:11:13.520 This is Bloomberg Daybreak. 0:11:13.679 --> 0:11:14.199 Good morning. 0:11:14.200 --> 0:11:15.080 I'm Nathan Hager. 0:11:15.160 --> 0:11:18.960 President Biden is blasting the Supreme Court's final decision of 0:11:19.000 --> 0:11:23.600 its term giving presidents some immunity from criminal prosecution over 0:11:23.840 --> 0:11:24.920 official acts. 0:11:25.280 --> 0:11:28.960 This is a fundamentally new principle, and it's a dangerous 0:11:29.000 --> 0:11:32.320 precedent because the power of the office will no longer 0:11:32.360 --> 0:11:35.720 be constrained by the law, even including the Supreme Court 0:11:35.720 --> 0:11:36.520 of the United States. 0:11:36.800 --> 0:11:38.680 And in remarks last night from the White House, the 0:11:38.720 --> 0:11:41.400 President said the decision now leaves voters with a choice 0:11:41.400 --> 0:11:45.240 whether former President Donald Trump's actions on January sixth make 0:11:45.320 --> 0:11:48.240 him unfit to return to the White House for more. 0:11:48.280 --> 0:11:51.200 We're joined by Bloomberg's Kevin Whitelaw, who covered Washington for 0:11:51.280 --> 0:11:55.440 more than two decades. Kevin, Good Morning. This decision obviously 0:11:55.559 --> 0:11:58.920 does have far reaching consequences when it comes to the 0:11:58.960 --> 0:12:02.160 power of the president's see but this president really seems 0:12:02.200 --> 0:12:04.440 to be hoping that it reframes the stakes of this 0:12:04.559 --> 0:12:06.120 year's race as well well. 0:12:06.280 --> 0:12:08.360 I think he's sort of making about the only argument 0:12:08.400 --> 0:12:11.400 he can at this point. This really is a blow 0:12:11.480 --> 0:12:15.280 to Democrats hopes that the legal process would continue to 0:12:15.320 --> 0:12:18.480 sort of catch up with with Donald With with Donald Trump, 0:12:18.600 --> 0:12:22.480 the sort of delays the remaining case is likely through, 0:12:22.760 --> 0:12:24.960 you know, past past the election date, and so that 0:12:25.040 --> 0:12:28.439 sort of leaves Biden with only one remaining argument. And 0:12:28.520 --> 0:12:32.280 I do think the sweep of this ruling, even though 0:12:32.320 --> 0:12:36.960 obviously it's essentially kicking the case, the main case against Trump, 0:12:37.040 --> 0:12:41.040 back to the court for some more review, it still 0:12:41.120 --> 0:12:44.040 basically is sweeping enough that it does say the president 0:12:44.080 --> 0:12:47.200 has pretty unlimited authority to do anything that's considered an 0:12:47.200 --> 0:12:49.559 official act. And you know, so I think has a 0:12:49.600 --> 0:12:52.600 lot of people hearkening back to the Nixon Richard Nixon 0:12:52.640 --> 0:12:55.760 remarks years ago about you know, if the president does 0:12:55.800 --> 0:12:58.880 it by definition, it's not a crime. That's pretty close 0:12:58.920 --> 0:13:00.680 to what the Supreme Court just said. 0:13:00.920 --> 0:13:02.680 So then I guess it shouldn't come as too much 0:13:02.679 --> 0:13:05.320 of a surprise that following the High Court's decision, the 0:13:05.360 --> 0:13:07.800 president's legal team went right back up to New York 0:13:07.840 --> 0:13:10.640 and said, we need to toss out the hush money 0:13:10.640 --> 0:13:11.560 convictions as well. 0:13:12.160 --> 0:13:14.120 Yeah, well, I mean it makes sense. They've made the 0:13:14.240 --> 0:13:16.640 argument before, they'll make it again. I think that one's 0:13:16.679 --> 0:13:19.120 a little harder to make because obviously a lot of 0:13:19.160 --> 0:13:22.439 the actions came before the election, but there were some 0:13:22.520 --> 0:13:24.920 of the documents involved in the case, and some of 0:13:24.920 --> 0:13:28.400 the checks were cut after, you know, after he took office, 0:13:28.679 --> 0:13:30.960 So it's gonna be a little hard to call that 0:13:31.040 --> 0:13:35.040 part of the official acts of being president. But that's 0:13:35.040 --> 0:13:36.840 probably not going to That's obviously not going to stop 0:13:36.920 --> 0:13:37.959 him from trying, And. 0:13:38.040 --> 0:13:42.120 Obviously the president is hoping that this decision takes some 0:13:42.160 --> 0:13:45.600 of the focus off his debate performance and the questions 0:13:45.640 --> 0:13:50.560 about his age and mental fitness raised once again following 0:13:50.600 --> 0:13:53.200 that really rough performance for him last week. 0:13:53.400 --> 0:13:55.480 Does that do that well? 0:13:55.800 --> 0:13:58.000 I think it's probably the only play he has, and 0:13:58.040 --> 0:14:01.600 it was probably always his best play, frankly is essentially 0:14:01.679 --> 0:14:04.640 making this into an anti Trump versus Trump kind of 0:14:04.880 --> 0:14:07.960 kind of performance. I do think that, you know, we've 0:14:08.000 --> 0:14:12.160 seen that in twenty twenty the anti Trump vote was 0:14:12.240 --> 0:14:16.240 a very motivated vote and could well be again. And 0:14:16.320 --> 0:14:21.120 certainly this does reframe once again that sort of remark 0:14:21.200 --> 0:14:23.360 that that Trump had made at one point about wanting 0:14:23.400 --> 0:14:26.520 to be a dictator on at least day one. I 0:14:26.600 --> 0:14:29.400 do think that that you put those two things together 0:14:29.480 --> 0:14:32.640 and that this does frame it in pretty sharp relief. 0:14:33.640 --> 0:14:37.480 You know, we still have several months to go in 0:14:37.520 --> 0:14:42.280 the election. Biden could still bounce back from from that performance, 0:14:42.960 --> 0:14:45.280 and this may be about the only path he has 0:14:45.320 --> 0:14:48.200 to try to convince voters to actually turn out and 0:14:48.240 --> 0:14:50.920 cast a vote for him. It's interesting, Kevin, you know, 0:14:51.040 --> 0:14:54.080 following the debate performance, Who've got this reporting from Bloomberg 0:14:54.120 --> 0:14:57.320 News of the Democratic National Committees thinking of nominating President 0:14:57.360 --> 0:15:00.000 Biden early. And at the same time, the Biden campaign 0:15:00.160 --> 0:15:02.960 is saying it just had its best fundraising month yet 0:15:03.040 --> 0:15:05.840 despite the debate performance. I mean, where do things stand 0:15:05.840 --> 0:15:08.600 now with the Biden campaign. Well, look, I mean I 0:15:08.600 --> 0:15:11.480 think that that what the Biden campaign was, I think 0:15:11.840 --> 0:15:15.720 quietly understood that this the question of the president's age 0:15:15.840 --> 0:15:19.280 was always the biggest question, and so a certain amount 0:15:19.360 --> 0:15:21.880 of the unders of the belief about whether or not 0:15:21.960 --> 0:15:25.000 Biden is you know, too old or is still fit 0:15:25.080 --> 0:15:27.400 to be president, a lot of that was baked in, 0:15:27.440 --> 0:15:31.120 and one debate performance may not change that. To me, 0:15:31.200 --> 0:15:33.640 I think it was more a matter of the debate 0:15:33.680 --> 0:15:35.960 had been a chance for Biden and his campaign to 0:15:36.040 --> 0:15:38.760 reshape that narrative to sort of say, no, you know, 0:15:39.120 --> 0:15:42.200 let's move past this. Well, obviously they can't move past that, 0:15:42.280 --> 0:15:44.840 and so that's going to leave them focusing their best 0:15:44.880 --> 0:15:48.240 efforts on trying to frame this as, hey, look, if 0:15:48.280 --> 0:15:51.320 you want if you don't want Trump, there's only one choice, 0:15:51.440 --> 0:15:54.080 and that's Joe Biden. And by making an early nomination 0:15:54.160 --> 0:15:55.960 that would be one way to at least quell some 0:15:56.000 --> 0:15:59.920 of the conversation out there about whether Democrats are, in fact, 0:16:00.920 --> 0:16:04.120 you know, maneuvering or should maneuver to replace him. 0:16:04.160 --> 0:16:07.240 This is Bloomberg Daybreak Today, your morning brief on the 0:16:07.280 --> 0:16:10.680 stories making news from Wall Street to Washington and beyond. 0:16:10.960 --> 0:16:13.720 Look for us on your podcast feed at six am 0:16:13.800 --> 0:16:17.480 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:17.520 --> 0:16:18.720 get your podcasts. 0:16:18.840 --> 0:16:21.520 You can also listen live each morning starting at five 0:16:21.560 --> 0:16:24.160 am Wall Street Time, on Bloomberg eleven three to zero 0:16:24.200 --> 0:16:27.680 in New York, Bloomberg ninety nine one in Washington, Bloomberg 0:16:27.680 --> 0:16:30.720 one oh six' one in Boston, and Bloomberg ninety sixty 0:16:30.840 --> 0:16:31.800 in San Francisco. 0:16:32.160 --> 0:16:35.320 Our flagship New York station is also available on your 0:16:35.360 --> 0:16:41.080 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:40.840 --> 0:16:44.400 Listen coast to coast on the Bloomberg Business app, serriusxmb 0:16:44.600 --> 0:16:48.640 iHeartRadio app, and on Bloomberg dot com. I'm Nathan Hager. 0:16:48.440 --> 0:16:49.560 And I'm Karen Moscow. 0:16:49.800 --> 0:16:52.560 Join us again tomorrow morning for all the news you 0:16:52.680 --> 0:17:08.360 need to start your day right here on Bloomberg Daybreak