JD Vance's Acceptance Speech; Pressure Mounts on President Biden

Bloomberg Audio Studios, Podcasts, radio News. 0:00:09.680 --> 0:00:11.560 Good morning, I'm Nathan Hager and. 0:00:11.520 --> 0:00:14.600 I'm Karen Moscow. Here are the stories we're following today. 0:00:14.720 --> 0:00:17.920 Karen, we begin with nine three of the Republican National Convention, 0:00:18.000 --> 0:00:21.880 where Donald Trump's vice presidential nominee J. D. Vance was 0:00:21.960 --> 0:00:23.079 introduced to the nation. 0:00:23.840 --> 0:00:28.000 I'm overwhelmed with gratitude to say I officially accept your 0:00:28.000 --> 0:00:31.640 nomination to be vice president of the United States of America. 0:00:31.720 --> 0:00:34.800 And in his acceptance speech, the Ohio Senator drew on 0:00:34.880 --> 0:00:38.879 his rural roots, blaming President Biden and past administrations for 0:00:38.960 --> 0:00:40.960 leaving working class voters behind. 0:00:41.560 --> 0:00:44.479 Thanks to these policies that Biden and other out of 0:00:44.520 --> 0:00:48.599 touch politicians in Washington gave us, our country was flooded 0:00:48.680 --> 0:00:53.360 with cheap Chinese goods, with cheap foreign labor, and in 0:00:53.400 --> 0:00:57.959 the decades to come, deadly Chinese finanol. Joe Biden screwed up, 0:00:58.600 --> 0:01:00.440 and my community paid the price. 0:01:00.800 --> 0:01:03.640 And then JD. Vance went after the business community. 0:01:04.160 --> 0:01:07.560 We're done ladies and gentlemen catering to Wall Street. We'll 0:01:07.600 --> 0:01:11.600 commit to the workingman. We're done importing foreign labor. We're 0:01:11.640 --> 0:01:14.640 going to fight for American citizens and their good jobs 0:01:14.680 --> 0:01:15.640 and they're good wages. 0:01:16.319 --> 0:01:19.720 The vice presidential nominee JD. Vance added the GOP is 0:01:19.760 --> 0:01:23.160 done sacrificing supply chains to global trade and is committed 0:01:23.200 --> 0:01:26.920 to manufacturing products in the US. The Biden campaign responded 0:01:26.959 --> 0:01:30.520 to Vance's speech by calling him unprepared, unqualified, and willing 0:01:30.560 --> 0:01:32.960 to do anything to meet Donald Trump's demands. 0:01:33.400 --> 0:01:36.199 Well, Nathan, Donald Trump will speak tonight and formally accept 0:01:36.240 --> 0:01:40.039 the Republican presidential nomination for a third time. It'll be 0:01:40.080 --> 0:01:43.440 his first speech since the assassination attempt last weekend. The 0:01:43.480 --> 0:01:46.840 Trump campaign says the former president changed his address after 0:01:46.840 --> 0:01:49.360 the attempt on his life to make it more unifying. 0:01:49.760 --> 0:01:53.040 Follow Bloomberg for a live coverage of former President Donald 0:01:53.040 --> 0:01:56.400 Trump's acceptance speech on the final night their Republican National 0:01:56.440 --> 0:01:59.760 Convention on Bloomberg's Balance of Power with Joe Matthew and 0:01:59.840 --> 0:02:02.880 k Lies. Complete team coverage begins at eight pm Wall 0:02:02.920 --> 0:02:05.440 Street Time on Bloomberg Radio and television. 0:02:05.640 --> 0:02:08.840 On the Democratic side, Karen President Biden continues to face 0:02:08.919 --> 0:02:12.000 questions about his ability to serve. In an interview with Beet, 0:02:12.240 --> 0:02:14.880 the President said he is willing to relinquish power to 0:02:14.960 --> 0:02:19.639 Vice President Kamala Harris. In a second term under one scenario, some. 0:02:19.680 --> 0:02:21.040 Medical condition that emerged. 0:02:21.080 --> 0:02:23.840 If somebody doctors came to me said you got this problem. 0:02:23.919 --> 0:02:24.560 That problem now. 0:02:24.639 --> 0:02:27.320 Those comments from President Biden came before the White House 0:02:27.320 --> 0:02:30.200 announced he's tested positive for COVID. The White House says 0:02:30.200 --> 0:02:33.320 his symptoms are mild, and the President is isolating at 0:02:33.320 --> 0:02:34.359 his home in Delaware. 0:02:34.800 --> 0:02:37.880 Will the President deals with COVID Nathan. He's also facing 0:02:37.919 --> 0:02:41.200 intensifying pressure within his own party to step aside from 0:02:41.240 --> 0:02:44.520 the race. Prominent House Democrat Adam Schiff of California released 0:02:44.560 --> 0:02:47.720 a statement of the Los Angeles Times that Biden should 0:02:47.800 --> 0:02:51.079 let another candidate run over the weekend, Schiff was caught 0:02:51.080 --> 0:02:54.440 at a fundraiser saying the President needed to pass the torch. 0:02:55.200 --> 0:02:56.560 I do not think he is the. 0:02:56.480 --> 0:03:00.440 Best person who should go into the selection. I think 0:03:00.480 --> 0:03:02.239 if he has our comedy, I think we lose. 0:03:02.680 --> 0:03:06.400 Congressman Adam Schiff says he's concerned Biden's candidacy could affect 0:03:06.440 --> 0:03:08.520 other Democrats down ballot. 0:03:08.280 --> 0:03:11.200 And Karen Congressman. Shift is a close ally to former 0:03:11.240 --> 0:03:14.639 House Speaker Nancy Pelosi, and according to CNN, Pelosi has 0:03:14.680 --> 0:03:17.720 told the president privately the polling shows he cannot defeat 0:03:17.760 --> 0:03:20.800 Donald Trump and could destroy Democrats' chances of winning the 0:03:20.840 --> 0:03:24.519 House in November. ABC News is reporting Senate Majority leader 0:03:24.600 --> 0:03:27.160 Chuck Schumer told the President last week it would be 0:03:27.160 --> 0:03:30.000 best if he ended his reelection bid Well Nathan. 0:03:30.120 --> 0:03:33.480 Senate leader Schumer is also calling on New Jersey Senator 0:03:33.520 --> 0:03:37.360 Bob Menendez to resign after his conviction on bribery and 0:03:37.480 --> 0:03:41.600 foreign agent charges. NBC News has reported that Menendez told 0:03:41.680 --> 0:03:45.840 allies he intends to resign, but the senator told CBS 0:03:45.840 --> 0:03:48.880 New York that he has not resigned nor has he 0:03:48.920 --> 0:03:52.520 spoken to quote so called allies. A Dray convicted Menendez 0:03:52.560 --> 0:03:55.400 on sixteen counts this week after a two month trial. 0:03:55.680 --> 0:03:59.080 Senate Minarti leader Mitch McConnell is calling for new leadership 0:03:59.160 --> 0:04:02.880 Karen at the sequet Its service comes after the assassination 0:04:02.960 --> 0:04:06.280 attempt on former President Trump. Bloomberg's Amy Morris has the 0:04:06.320 --> 0:04:08.080 details on that from Washington. 0:04:08.600 --> 0:04:11.480 Senator Mitch McConnell posted on x that the shooting was, 0:04:11.520 --> 0:04:14.960 in his words, a grave attack on American democracy and 0:04:15.000 --> 0:04:17.680 that new leadership at the Secret Service would be an 0:04:17.680 --> 0:04:21.839 important step. House Committee on Oversight and Accountability Chairman James 0:04:21.839 --> 0:04:25.520 Comer has subpoenaed Secret Service Director Kimberly Cheedle to appear 0:04:25.520 --> 0:04:28.479 at a hearing on Monday. Lawmakers say they'll hold a 0:04:28.520 --> 0:04:32.279 bipartisan probe focused on the Secret Service, and President Biden 0:04:32.400 --> 0:04:36.960 ordered an independent probe. The Homelands Inspector General also opened 0:04:37.000 --> 0:04:40.880 its own investigation in Washington. Amy Morris Bloomberg Radio. 0:04:40.839 --> 0:04:42.440 All right, Amy, thank you if you want to turn to 0:04:42.480 --> 0:04:45.880 markets now and NASDAK futures are higher, with shipmaker Taiwan 0:04:46.000 --> 0:04:49.840 Semiconductor restoring sentiment in tech. If follow is the worst 0:04:49.920 --> 0:04:52.240 day for the Nasdaq one hundred since twenty twenty two. 0:04:52.640 --> 0:04:55.719 Traders were spooked over concerns about tidy US restrictions on 0:04:55.800 --> 0:04:59.679 chip sales to China. But TSMC reported earning said beat 0:04:59.720 --> 0:05:03.200 and less estimates and raise projections for full year revenue 0:05:03.200 --> 0:05:06.480 growth and a show of confidence in the artificial intelligence boom. 0:05:06.720 --> 0:05:09.360 As for the broader economy, Karen traders are getting bullish 0:05:09.400 --> 0:05:12.840 about a September rate cut after comments from Fed Governor 0:05:12.920 --> 0:05:15.719 Christopher Waller. He told an audience in Kansas that the 0:05:15.839 --> 0:05:19.640 US can tame inflation without dipping into a recession. 0:05:20.240 --> 0:05:24.040 I believe the current data are consistent with achieving of 0:05:24.120 --> 0:05:26.880 soft landing, and I'll be looking for data over the 0:05:26.960 --> 0:05:29.960 next couple of months to buttress that view. So while 0:05:30.000 --> 0:05:33.880 I don't believe we've reached our final destination, I do 0:05:34.000 --> 0:05:36.760 believe we are getting closer to the time when a 0:05:36.800 --> 0:05:38.760 cut in the policy rate is warranted. 0:05:38.920 --> 0:05:42.400 FED Governor Chris Waller's comments echo those of other policymakers 0:05:42.400 --> 0:05:45.320 who are broadly optimistic about inflation but waiting for more 0:05:45.400 --> 0:05:46.960 positive data in the coming weeks. 0:05:47.320 --> 0:05:49.800 All rights, they're also in focus over season aathan with 0:05:49.839 --> 0:05:53.440 a decision from the European Central Bank this morning. Bloomberg's 0:05:53.520 --> 0:05:57.400 Lizzie Burdens as a cut today is unlikely, but ECB 0:05:57.560 --> 0:06:00.960 President Christine Leguard could hint at a move in September. 0:06:01.240 --> 0:06:04.560 Markets and economists expect the European Central Bank to keep 0:06:04.600 --> 0:06:08.080 interest rates on hold at its July meeting today, though 0:06:08.080 --> 0:06:10.640 traders will listen closely for clues as to whether a 0:06:10.720 --> 0:06:14.279 September move is coming. Even the hawkish end of the 0:06:14.279 --> 0:06:17.520 Governing Council has said market pricing for two more moves 0:06:17.560 --> 0:06:22.080 this year looks reasonable, but President Christine Legard is unlikely 0:06:22.200 --> 0:06:25.280 to want to box herself in on timing, so we'll 0:06:25.279 --> 0:06:29.400 probably reiterate that the Central Bank is data dependent. A 0:06:29.520 --> 0:06:34.520 key question is whether she reintroduces the ECB's easing bias 0:06:34.520 --> 0:06:37.000 in Frankfurt. Lizzie Bird and Bloomberg Radio. 0:06:37.200 --> 0:06:40.239 All right, Lizzie, thank you. Finally make no bones about 0:06:40.279 --> 0:06:43.720 this one. Citadel founder Ken Griffin paid Southeby's forty four 0:06:43.720 --> 0:06:48.040 point six million dollars for a near complete Stegosaurus fossil 0:06:48.440 --> 0:06:51.120 at auction, one hundred and fifty million year old dinosaur 0:06:51.200 --> 0:06:55.800 nicknamed Apex. Griffin plans to put it on display the museum. 0:06:55.800 --> 0:06:58.880 His bid marks a record sum for a fossil sold 0:06:58.880 --> 0:07:00.960 at auction, even going to the Jurassic era. 0:07:04.800 --> 0:07:06.080 Time now for a look at some of the other 0:07:06.160 --> 0:07:08.320 stories making news in New York and around the world. 0:07:08.360 --> 0:07:11.640 For that, we're joined by Bloomberg's Michael Barr Michael, Good morning. 0:07:11.480 --> 0:07:14.480 Good morning, Karen. For the second straight week, communities and 0:07:14.560 --> 0:07:18.480 upstate New York have been slammed by severe storms and tornadoes. 0:07:18.920 --> 0:07:22.520 Dozens of buildings have been destroyed and nine tornadoes confirmed 0:07:22.520 --> 0:07:26.720 near Syracuse and Rochester in Rome, New York Governor Kathy 0:07:26.720 --> 0:07:29.480 Okel said tens of thousands of customers in the affected 0:07:29.520 --> 0:07:31.440 areas are still without power. 0:07:32.120 --> 0:07:34.440 This is an urgent situation. When the heat is as 0:07:34.440 --> 0:07:37.760 hot as it is right now, people need their power 0:07:37.840 --> 0:07:42.240 back on, So we are focused intensely on making sure 0:07:42.320 --> 0:07:44.120 that happens as soon as humanly possible. 0:07:44.400 --> 0:07:47.560 At least one person dined in the storms. Wall Street 0:07:47.640 --> 0:07:50.920 Journal reporter Evan Gerskovich has appeared in court in Russia 0:07:50.960 --> 0:07:55.640 for the second hearing in his trial on espionage charges. Gerskevich, 0:07:55.760 --> 0:07:59.960 his employer, and the US government vehemently deny the charge 0:08:00.200 --> 0:08:04.320 against him. Kriskevich was accused by the Russian Prosecutor General's 0:08:04.320 --> 0:08:08.360 office of gathering secret information on orders from the CIA 0:08:08.720 --> 0:08:11.800 about a plant that produces and repairs tanks and other 0:08:11.880 --> 0:08:15.640 military equipment. The journalist was detained while on a reporting 0:08:15.680 --> 0:08:18.840 trip in March of twenty twenty three. The US Navy 0:08:18.880 --> 0:08:21.640 has exonerated more than two hundred and fifty black sailors 0:08:21.680 --> 0:08:25.400 found to be unjustly punished in nineteen forty four following 0:08:25.440 --> 0:08:28.920 a California port explosion that killed hundreds of service members. 0:08:29.520 --> 0:08:33.040 The blast killed three hundred twenty sailors and civilians, nearly 0:08:33.160 --> 0:08:36.280 seventy five percent of whom were black, and injured another 0:08:36.320 --> 0:08:40.079 four hundred personnel Navy Secretary Carlos del Toro. 0:08:40.520 --> 0:08:45.800 This decision clears their names, restores their honor, and acknowledges 0:08:45.840 --> 0:08:49.000 the courage they displayed in the face of immense danger. 0:08:49.640 --> 0:08:54.040 The punishments kept them from receiving honorable discharges. Fifty sailors 0:08:54.160 --> 0:08:58.040 who held their demands for safety and training were tried 0:08:58.120 --> 0:09:00.959 as a group on charges of conspiracy to commit mutiny. 0:09:01.240 --> 0:09:04.920 They were convicted and sent to prison. Researchers studying tens 0:09:04.960 --> 0:09:07.840 of thousands of patients found that people who have irregular 0:09:07.920 --> 0:09:11.360 sleep patterns, say five hours of sleep one night, ten 0:09:11.400 --> 0:09:14.040 hours of sleep the next night, have a more than 0:09:14.120 --> 0:09:18.319 thirty percent higher risk of developing type two diabetes. Doctor 0:09:18.480 --> 0:09:23.000 Cina Keance is with Brigham and Women's Hospital in Boston. 0:09:23.679 --> 0:09:27.240 Our finis have the potential to improve diabetes prevention on 0:09:27.320 --> 0:09:28.200 multiple levels. 0:09:28.240 --> 0:09:32.400 Clinically, they might inform better patient care and treatment plans. 0:09:33.160 --> 0:09:36.200 Doctor Kennercy says. The study was on patients in the 0:09:36.280 --> 0:09:38.880 United Kingdom. Global News twenty four hours a day and 0:09:38.920 --> 0:09:41.480 whenever you want it with Bloomberg News. Now, Michael Barr, 0:09:41.520 --> 0:09:42.160 this is Bloomberg. 0:09:42.200 --> 0:09:49.319 Heret all right, Michael Barr, thank you. Time now to 0:09:49.360 --> 0:09:53.400 the Bloomberg Sports Update with John stash Hour. John, good morning, Good. 0:09:53.200 --> 0:09:56.839 Morning care and it's a difficult, cloudy bristday in Scotland. 0:09:56.920 --> 0:09:58.720 The players are bundled up for the start of the 0:09:58.720 --> 0:10:02.280 Open Championship in fifty second edition, tenth time. It's being 0:10:02.320 --> 0:10:06.199 held at Royal Trooon and early on Justin Thomas, Matt Wallace, 0:10:06.280 --> 0:10:09.559 Young Hans Song share the lead three under part is 0:10:09.600 --> 0:10:11.280 the last major of the year. Vice at the Champeau 0:10:11.320 --> 0:10:14.080 has so far finished sixth at the Masters, second at 0:10:14.120 --> 0:10:16.240 the PGA, and last month he won the US Open. 0:10:16.280 --> 0:10:19.200 The Champeau was just teed off. Rory McElroy is about 0:10:19.200 --> 0:10:22.120 to and later this morning. World number one Scottie Scheffler 0:10:22.559 --> 0:10:24.480 excited to be playing Lenke Skulf. 0:10:24.920 --> 0:10:26.600 I just feel like you have to be more creative here, 0:10:26.640 --> 0:10:28.280 and you know, I love that part of it. I 0:10:28.320 --> 0:10:29.880 feel like when I do come over here, this is 0:10:29.920 --> 0:10:32.640 really kind of how golf was intended to be played. 0:10:33.080 --> 0:10:35.480 I feel like there's a lot more opportunity for shot 0:10:35.559 --> 0:10:38.080 making and being creative around the greens. 0:10:38.640 --> 0:10:40.800 Jeff has already won six tournaments this year. He's trying 0:10:40.800 --> 0:10:43.040 to be just the fourth since nineteen eighty to win 0:10:43.080 --> 0:10:45.040 the Masters, and they Open the same year. He's the 0:10:45.040 --> 0:10:47.720 first is Tiger Woods in twenty thirteen to be the 0:10:47.760 --> 0:10:51.400 betting favorite going into all four majors. London the next 0:10:51.520 --> 0:10:53.640 up for the US Olympic basketball team. They'll play exhibition 0:10:53.679 --> 0:10:55.720 games there on Saturday and Monday, then a week from 0:10:55.800 --> 0:10:59.319 Sunday it's the opener in Paris against Serbia, who the 0:10:59.400 --> 0:11:02.800 US just be easily one oh five to seventy nine. 0:11:02.840 --> 0:11:06.000 Steph Curry scored twenty four points. Caitlin Clark has often 0:11:06.080 --> 0:11:09.199 been compared to Curry, and last night she did something 0:11:09.280 --> 0:11:13.280 no WNBA player has ever done before. Clark had nineteen assists. 0:11:13.559 --> 0:11:16.599 She just scored twenty four points. Although Indiana loss to 0:11:16.600 --> 0:11:19.440 the last place Dallas, Pat Williams has passed away at 0:11:19.440 --> 0:11:23.040 eighty four. Longtime NBA exec with Philadelphia and then Orlando, 0:11:23.520 --> 0:11:26.559 represented the Magic three times when they won the draft lottery, 0:11:26.679 --> 0:11:30.000 landing them Shaquille O'Neal, Penny Hardaway, and Dwight Howard. Williams 0:11:30.080 --> 0:11:34.240 also wrote over one hundred books, ran fifty eight marathons, 0:11:34.600 --> 0:11:37.360 and he and his wife had nineteen children, fourteen of 0:11:37.400 --> 0:11:42.160 them adopted from foreign countries. John Stasherwick Bloomberg Sports Karenia. 0:11:44.160 --> 0:11:48.280 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:48.400 --> 0:11:51.280 and around the world on Bloomberg dot Com and the 0:11:51.320 --> 0:11:55.559 Bloomberg Business app. This is Bloomberg Daybreak. Good Morning on 0:11:55.679 --> 0:11:58.040 Nathan Hager. It is a tale of two campaigns. 0:11:58.080 --> 0:12:01.280 As the Republican National Convention heads to its conclusion tonight, 0:12:01.320 --> 0:12:04.040 Donald Trump is set to accept his party's nomination for 0:12:04.080 --> 0:12:08.040 a third time after surviving an assassination attempt and cementing 0:12:08.040 --> 0:12:11.560 his populist hold on the Republican Party, while President Biden 0:12:11.600 --> 0:12:15.520 finds himself sidelined by COVID and under fast growing pressure 0:12:15.800 --> 0:12:17.640 to bow out of the race. Joining us for more 0:12:17.640 --> 0:12:21.520 Bloomberg Breaking News, Managing Editor Derek Wallbank, Derek, good morning. 0:12:21.600 --> 0:12:23.880 Let's start with the convention. What are your takeaways from 0:12:23.880 --> 0:12:26.800 what we saw from JD. Vance last night, his acceptance 0:12:26.800 --> 0:12:29.840 speech as running mate and this populist message that you 0:12:29.840 --> 0:12:32.880 know he's solidifying for former President Trump. 0:12:34.040 --> 0:12:36.400 Well, Nathan, I think that JD. Vance is somebody who 0:12:36.480 --> 0:12:39.440 has been a staunch ally of Donald Trump. Remember, you know, 0:12:39.520 --> 0:12:42.240 he's the sort of person who was running in a 0:12:42.360 --> 0:12:44.560 very crowded primary field when he wanted to be a 0:12:44.559 --> 0:12:48.959 senator from Ohio. Trump picked him to be endorsed. He 0:12:49.240 --> 0:12:55.120 goes on, gets that nomination, gets the win, gets into 0:12:55.120 --> 0:12:59.000 the Senate, becomes one of Donald Trump's most fervent supporters, 0:12:59.559 --> 0:13:03.439 and eventually now rewarded with the VP nomination. But Vance 0:13:03.480 --> 0:13:06.360 hasn't been in the political scene for all that long. 0:13:06.440 --> 0:13:09.280 So this was a chance for JD. Vance to introduce 0:13:09.400 --> 0:13:13.280 himself to the public writ large, and he went with 0:13:13.360 --> 0:13:18.840 a very biography heavy introduction. You know, a guy who 0:13:19.040 --> 0:13:22.400 first came to prominence from having written his own biography. 0:13:23.120 --> 0:13:27.040 He'll bili elogy, you know, talking about his experiences and 0:13:27.520 --> 0:13:32.520 you know that you know the sort of appellation, you know, 0:13:32.600 --> 0:13:36.440 how did everybody lose, the lose the working person, you know, 0:13:36.559 --> 0:13:39.679 things of that nature, and he sort of tried to 0:13:39.760 --> 0:13:43.200 tie that into Trump's appeal. One of the things I 0:13:43.280 --> 0:13:46.559 saw from Vance and from other speakers. Marco Rubio was 0:13:46.600 --> 0:13:48.840 one who really did this was they were trying to 0:13:48.880 --> 0:13:52.120 sort of verbally set up a permission structure for people 0:13:52.200 --> 0:13:56.560 who may not have liked Trump before but to come 0:13:56.640 --> 0:13:58.480 on board with this. And you actually saw this a 0:13:58.520 --> 0:14:01.400 little bit from Nicki Hayley the other day as well. 0:14:01.720 --> 0:14:04.080 Right set up a pathway for people who have not 0:14:04.200 --> 0:14:07.000 been there for Trump, who are sitting there don't really 0:14:07.080 --> 0:14:10.199 like the idea of Biden either, have serious reservations about 0:14:10.200 --> 0:14:13.880 the president right now to vote for the former president instead. 0:14:14.600 --> 0:14:17.360 So that was kind of rhetorically where he was going. 0:14:17.400 --> 0:14:19.720 I think, you know, the most memorable parts of it though, 0:14:20.160 --> 0:14:24.480 was when he was talking about his take no Prisoner's mamma, 0:14:25.040 --> 0:14:27.400 his grandmother who helped raise him, and then when he 0:14:27.440 --> 0:14:33.280 spotlighted his own mother, who struggled with substance abuse and 0:14:33.400 --> 0:14:37.600 has been clean now on about ten years. Those were very, 0:14:37.680 --> 0:14:41.360 very popular moments at the convention among the attendees there. 0:14:41.480 --> 0:14:44.640 We'll see how it all resonates among the general public 0:14:44.680 --> 0:14:47.920 when we get some post convention polls. But this was JD. 0:14:48.280 --> 0:14:51.880 Vance's moment to make a name for himself. 0:14:52.040 --> 0:14:55.000 And Donald Trump's moment comes tonight. I mean, this really 0:14:55.040 --> 0:14:57.680 could be another one of those so called moments, his 0:14:57.720 --> 0:15:01.440 first speech after getting great by a bullet last weekend. 0:15:01.480 --> 0:15:06.880 Derek. Yeah. Now, Trump has made appearances, you know, each 0:15:07.000 --> 0:15:08.880 night of the convention, but this is the first time 0:15:08.880 --> 0:15:10.440 that we're going to get to hear from him. This 0:15:10.560 --> 0:15:13.080 is somebody who, look, you know, whether you like him 0:15:13.120 --> 0:15:15.720 or you don't like him. As somebody who has a 0:15:16.080 --> 0:15:21.840 reputation well earned for showmanship, former television host, you should 0:15:21.880 --> 0:15:26.880 expect the stage management of this to be nailed down, 0:15:27.200 --> 0:15:30.720 right And again, as I say, Nathan, you know Trump, 0:15:32.200 --> 0:15:34.960 the nation has had four years of Donald Trump as president. 0:15:35.000 --> 0:15:36.360 If you like him or if you don't like him, 0:15:36.400 --> 0:15:38.920 you know what you're getting, right, Like, there's there's nobody 0:15:38.960 --> 0:15:40.520 in the United States who don't know who Donald J. 0:15:40.640 --> 0:15:44.680 Trump is. But this is also a guy who, for 0:15:44.720 --> 0:15:49.280 the first time really in his electoral history, finds himself 0:15:49.320 --> 0:15:51.280 as a general election favorite. 0:15:51.680 --> 0:15:51.880 Right. 0:15:51.960 --> 0:15:54.360 He never was against Hillary Clinton. She was favored the 0:15:54.520 --> 0:15:56.880 entire way according to poles and analysts and things like that. 0:15:57.120 --> 0:16:00.520 Trump now is is in a situation where the betting 0:16:00.560 --> 0:16:02.760 markets are saying that he's likely to win. You're seeing 0:16:02.800 --> 0:16:05.240 movements and all of that, and so this is a 0:16:05.240 --> 0:16:07.920 different position for him. He's also come off of a 0:16:08.000 --> 0:16:09.800 you know, a time when he was literally shot in 0:16:09.840 --> 0:16:14.480 the air giving a speech. You know, we're in uncharted 0:16:14.520 --> 0:16:17.560 moments here for Donald Trump. I think there's gonna be 0:16:17.600 --> 0:16:20.040 a lot of interest in how he handles this. 0:16:20.040 --> 0:16:22.920 This is Bloomberg day Break today, your morning brief on 0:16:23.000 --> 0:16:26.560 the stories making news from Wall Street to Washington and beyond. 0:16:26.800 --> 0:16:29.600 Look for us on your podcast feed at six am 0:16:29.680 --> 0:16:33.360 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:33.400 --> 0:16:34.560 get your podcasts. 0:16:34.680 --> 0:16:37.400 You can also listen live each morning starting at five 0:16:37.440 --> 0:16:40.000 am Wall Street Time on Bloomberg eleven three to zero 0:16:40.080 --> 0:16:42.880 in New York, Bloomberg ninety nine to one in Washington, 0:16:43.040 --> 0:16:45.880 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:45.960 --> 0:16:47.640 ninety sixty in San Francisco. 0:16:48.040 --> 0:16:51.200 Our flagship New York station is also available on your 0:16:51.240 --> 0:16:56.680 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:56.720 --> 0:16:59.840 Listen coast to coast on the Bloomberg Business app serious X, 0:17:00.000 --> 0:17:03.480 I'm the iHeartRadio app, and on Bloomberg dot Com. I'm 0:17:03.560 --> 0:17:05.440 Nathan Hager and I'm Karen Moscow. 0:17:05.640 --> 0:17:08.399 Join us again tomorrow morning for all the news you 0:17:08.520 --> 0:17:11.720 need to start your day right here on Bloomberg Daybreak