Stocks at All-Time Highs; Biden's Mental Fitness Questions Remain

Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan 0:00:10.680 --> 0:00:13.640 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.680 --> 0:00:15.000 following today, Karen. 0:00:15.040 --> 0:00:17.159 Stocks may be quiet for now, but they enter this 0:00:17.320 --> 0:00:21.439 shortened holiday trading session at record highs. The SNP five 0:00:21.560 --> 0:00:25.320 hundred closed above fifty five hundred for the first time yesterday. 0:00:25.560 --> 0:00:29.040 That's its thirty second record this year, and the Nasdaq 0:00:29.080 --> 0:00:31.880 one hundred also set an all time high with its 0:00:31.880 --> 0:00:35.760 first close above twenty thousand. Julian Emmanuel, head of Equity, 0:00:35.760 --> 0:00:39.280 Derivatives and Quantitative Strategy at evercore I, thinks there are 0:00:39.280 --> 0:00:41.320 a lot of reasons behind the market rally. 0:00:41.960 --> 0:00:44.879 So if inflation stays sticky for a number more months, 0:00:45.040 --> 0:00:48.320 they'll be patient. If the economy starts to turn down, 0:00:48.600 --> 0:00:52.000 they will be less patient. Mistakes will not be made. 0:00:52.479 --> 0:00:57.400 Roll that all into the enthusiasm around AI and the 0:00:57.440 --> 0:01:03.120 potential for what we've seen high multiple regimes can stay elevated, 0:01:04.240 --> 0:01:06.720 and you have a market that continues to rally. 0:01:07.000 --> 0:01:10.160 Nevercorey sized Julian Emmanuel speaking about the FED there with 0:01:10.280 --> 0:01:12.520 Bloomberg's Tom Keane, he's got an end of the year 0:01:12.560 --> 0:01:14.720 price target for the S and P five hundred and 0:01:14.720 --> 0:01:18.280 six thousand. That's about nine percent away from current levels. 0:01:18.720 --> 0:01:21.240 Well, now let's turn to the presidential race, Nathan and 0:01:21.319 --> 0:01:25.199 President Biden's efforts to ease mounting concerns about his candidacy. 0:01:25.520 --> 0:01:28.280 The President met with Democratic donors last night and chalked 0:01:28.360 --> 0:01:32.360 up his disastrous debate performance last week to his travel schedule. 0:01:32.600 --> 0:01:34.640 He'd been to Europe for D Day and the G 0:01:34.760 --> 0:01:38.200 seven summit, then in Los Angeles for a fundraiser. White 0:01:38.240 --> 0:01:42.120 House spokeswoman Caringe On Pierre insists it was one bad night. 0:01:42.800 --> 0:01:44.600 I would not see this as an episode. 0:01:45.319 --> 0:01:47.560 I would see this as what it was and what 0:01:47.640 --> 0:01:50.080 we believe it to be, which is it was a. 0:01:50.040 --> 0:01:53.320 Bad night, and he did. On top of that, he 0:01:53.440 --> 0:01:54.040 had a cold. 0:01:54.440 --> 0:01:57.320 White House spokeswoman caring John Pierre says the President will 0:01:57.320 --> 0:01:59.480 turn the page from last week. He's meeting with a 0:01:59.520 --> 0:02:03.040 Democratic governors this evening, and he'll have his first post 0:02:03.080 --> 0:02:05.640 debate interview with ABC News on Friday. 0:02:05.800 --> 0:02:09.360 Well, despite those efforts, Karen, questions about President Biden's mental 0:02:09.400 --> 0:02:12.639 fitness aren't going away. The New York Times published a 0:02:12.720 --> 0:02:15.600 lengthy piece citing US and foreign officials who say the 0:02:15.600 --> 0:02:19.040 president's lapses are becoming more frequent and worrisome, and at 0:02:19.120 --> 0:02:22.600 least one Democrat in Congress, Lloyd Doggett of Texas, is 0:02:22.639 --> 0:02:26.080 calling on Biden to step aside. Former House Speaker Nancy 0:02:26.080 --> 0:02:28.280 Pelosi says the questions aren't going away. 0:02:28.760 --> 0:02:32.440 I think it's a legitimate question to say, is this 0:02:32.560 --> 0:02:35.120 an episode or is this condition? 0:02:35.400 --> 0:02:38.040 The former Speaker Pelosi says it is a legitimate question 0:02:38.120 --> 0:02:41.840 to ask both President Biden and former President Trump. Congressman 0:02:41.880 --> 0:02:44.400 Jim Clyburn was asked whether he would support Vice President 0:02:44.480 --> 0:02:46.240 Kamala Harris at the top of the ticket. 0:02:46.880 --> 0:02:50.560 I will support her if he were to step aside, 0:02:51.080 --> 0:02:54.359 but I'm wing to support her going forward sometime in 0:02:55.120 --> 0:02:57.640 the future. I want this ticket to continue to be 0:02:58.280 --> 0:02:59.359 Biden Harris. 0:02:59.520 --> 0:03:03.520 Congressman Clyburn and former Speaker Pelosi both appeared on MSNBC, 0:03:03.760 --> 0:03:07.640 adding more fuel to democrats concerns. Former President Donald Trump's 0:03:07.680 --> 0:03:10.720 campaign raised three hundred and thirty one million dollars in 0:03:10.760 --> 0:03:13.800 the latest quarter that gives Trump more cash on hand 0:03:13.880 --> 0:03:15.400 than Biden for the first time. 0:03:16.200 --> 0:03:19.840 Meanwhile, Nathan Donald Trump's sentencing in his hush money case 0:03:19.960 --> 0:03:23.880 has been postponed until at least September eighteenth. Bloomberg's Amy 0:03:23.919 --> 0:03:25.399 Morris reports from Washington. 0:03:26.040 --> 0:03:28.840 The judge has agreed to put off the sentencing while 0:03:28.840 --> 0:03:31.959 weighing the possible impact of a new Supreme Court ruling 0:03:32.000 --> 0:03:35.560 on presidential immunity. Trump had been scheduled to face sentencing 0:03:35.640 --> 0:03:40.160 July eleventh on his multiple felony convictions of falsifying business records. 0:03:40.320 --> 0:03:43.800 He denies any wrongdoing. The delay sets the sentencing for 0:03:43.880 --> 0:03:48.400 September eighteenth, at the earliest, well after the Republican National Convention. 0:03:48.760 --> 0:03:52.040 Trump's attorneys asked Judge wanmer Shawn to set aside the 0:03:52.080 --> 0:03:55.320 guilty verdict. The judge said he would rule on September sixth, 0:03:55.480 --> 0:03:58.480 and the next date in the case is September eighteenth, if, 0:03:58.560 --> 0:04:02.200 as the judge said, it's still necessary. In Washington, Amy 0:04:02.240 --> 0:04:04.560 Morris Bloomberg Radio ERNIEMI thank you. 0:04:04.680 --> 0:04:07.520 Turning to politics overseas. We're just one day away from 0:04:07.520 --> 0:04:11.120 the UK elections and former Prime Minister Boris Johnson made 0:04:11.160 --> 0:04:15.200 a last minute campaign push to rally conservative voters with 0:04:15.360 --> 0:04:16.160 any one thing to. 0:04:16.120 --> 0:04:19.800 Do vote conservative on. 0:04:19.680 --> 0:04:21.919 Thursday, my friends, and. 0:04:23.520 --> 0:04:24.320 I know you will. 0:04:25.240 --> 0:04:27.880 Boris Johnson won the previous election in twenty nineteen, but 0:04:27.920 --> 0:04:30.440 he is not standing as a candidate this year. He 0:04:30.520 --> 0:04:33.480 was ousted by his party following a series of scandals. 0:04:33.880 --> 0:04:38.600 Labor leader Kiir Starmer is dismissing the Conservative strategy as desperate. 0:04:38.680 --> 0:04:40.800 The clear front runner in the polls is sticking to 0:04:40.839 --> 0:04:43.400 a familiar message of no complacency. 0:04:44.000 --> 0:04:46.800 We go forward into the last yards, the last days, 0:04:46.960 --> 0:04:49.320 and you know what they say, the last yard of 0:04:49.400 --> 0:04:52.520 the hardest. It's really really hard. 0:04:52.640 --> 0:04:52.919 Now. 0:04:53.240 --> 0:04:56.599 Nothing must be taken for granted. Every vote has to 0:04:56.640 --> 0:04:59.240 be earned. The polls don't predict the future. 0:04:59.360 --> 0:05:03.120 Despite that from Keir Starmer, Bloomberg's composite poll of polls 0:05:03.120 --> 0:05:05.840 has Labor ahead of every other party by at least 0:05:05.839 --> 0:05:06.880 twenty points. 0:05:07.400 --> 0:05:09.880 Well. Turning back to the markets and the economy, Nathan, 0:05:09.960 --> 0:05:12.120 we get a slew of economic reports ahead of the 0:05:12.160 --> 0:05:15.120 July fourth holiday, and we get a preview with Bloomberg's 0:05:15.160 --> 0:05:16.080 Michael McKee. 0:05:16.560 --> 0:05:19.440 Thursday's a national holiday, but the data still come out 0:05:19.760 --> 0:05:22.640 just a day early. It makes for a busy Wednesday 0:05:22.640 --> 0:05:25.560 for investors. Top of the list will be the ISM 0:05:25.680 --> 0:05:29.400 Services Index. How fast is the economy slowing and what 0:05:29.440 --> 0:05:32.800 does it mean for prices and jobs? Speaking of jobs, 0:05:32.839 --> 0:05:35.480 initial jobless claims will get a lot of attention after 0:05:35.640 --> 0:05:38.440 ratcheting up the past two weeks. Is it the beginning 0:05:38.480 --> 0:05:42.320 of a trend or just a seasonal adjustment issue? Global 0:05:42.320 --> 0:05:46.159 Wall Street will also be watching the June ADP employment release, 0:05:46.440 --> 0:05:49.760 often derided but still traded on as something of important, 0:05:49.920 --> 0:05:54.159 if not a prediction for Friday's government payrolls report. Also 0:05:54.200 --> 0:05:57.360 on the list the May Trade Balance, Factory Orders and 0:05:57.560 --> 0:06:01.440 S and P, Global Services and Composite PM Michael McKee 0:06:01.480 --> 0:06:02.600 Bloomberg Radio. 0:06:02.480 --> 0:06:05.240 All Right, Mike, thanks. In company news, sky Dance Media 0:06:05.320 --> 0:06:08.760 has reached a preliminary deal to buy National Amusements. We 0:06:08.800 --> 0:06:10.600 get more from Bloomberg's Doug Prisoner. 0:06:10.960 --> 0:06:14.760 National Amusements is the controlling shareholder of Paramount Global, and 0:06:14.800 --> 0:06:17.919 we're told National is planning to refer this proposed deal 0:06:18.279 --> 0:06:21.720 to a Paramount Special Committee for review. Last month, a 0:06:21.800 --> 0:06:25.039 deal between sky Dance and National Amusements seemed close, but 0:06:25.120 --> 0:06:28.200 talks broke down at the eleventh hour. In the last week, 0:06:28.279 --> 0:06:31.680 the two re engaged, with discussions picking up steam on Tuesday. 0:06:32.279 --> 0:06:35.920 New terms include a higher valuation for National Amusements. There's 0:06:35.960 --> 0:06:41.480 also stronger language indemnifying National against possible litigation resulting from 0:06:41.480 --> 0:06:44.599 the deal, National Amusements has forty five days to seek 0:06:44.680 --> 0:06:47.640 better offers. In New York, I'm Doug Prisoner, Bloomberg Radio. 0:06:47.960 --> 0:06:50.640 Right, Doug, thank you. Paramount shares at more than seven 0:06:50.680 --> 0:06:53.520 percent in early training in the rally, and Tesla shares 0:06:53.560 --> 0:06:56.080 continue there, up another two and a half percent this 0:06:56.160 --> 0:07:00.479 morning after searching five percent. Yesterday, The Carmaker reported liveries 0:07:00.520 --> 0:07:07.240 for the second quarter that beat analyss estimates. Time now 0:07:07.240 --> 0:07:08.880 for a look at some of the other stories Mickey 0:07:08.880 --> 0:07:10.560 News in New York and around the world. For that, 0:07:10.560 --> 0:07:14.520 we're joined by Bloomberg's Michael Barr. Michael, good morning, Good morning, Caaron. 0:07:14.640 --> 0:07:18.480 Hurricane Beryl is roaring across the Caribbean Sea as a 0:07:18.560 --> 0:07:22.040 powerful Category four storm on a path towards Jamaica and 0:07:22.280 --> 0:07:25.680 the Cayman Islands. At least six people have died after 0:07:25.840 --> 0:07:30.160 Beryl slammed islands in the southeast Caribbean. Beryl was losing 0:07:30.200 --> 0:07:32.560 some of its intensity but was still forecast to be 0:07:32.720 --> 0:07:36.520 near major hurricane strength when it passes near or over 0:07:36.600 --> 0:07:39.360 Jamaica today with one hundred and forty five mile per 0:07:39.400 --> 0:07:44.000 hour winds. This American tourist in Montego Bay heading back 0:07:44.040 --> 0:07:46.720 to New Orleans, told ABC she was supposed to fly 0:07:46.800 --> 0:07:47.400 out Monday. 0:07:47.840 --> 0:07:50.160 My fight with our book, so I had to scramble 0:07:50.200 --> 0:07:51.080 and final flight today. 0:07:51.120 --> 0:07:53.480 So hopefully this one don't cancel on me and I'm 0:07:53.520 --> 0:07:54.120 i get out of here. 0:07:54.200 --> 0:07:58.680 So National Hurricane Senor Director Michael Brennan says Beryl is 0:07:58.760 --> 0:08:02.760 expected to bring life throughing winds and storm serge to Jamaica. 0:08:03.200 --> 0:08:05.440 We've seen the central pressure rise a little bit on 0:08:05.480 --> 0:08:08.400 the latest data from the Hurricane Hunter aircraft. We've seen 0:08:08.400 --> 0:08:11.320 the peak wins come down just to tad. But regardless 0:08:11.320 --> 0:08:13.040 of what happens to the peak wins, we're expecting a 0:08:13.080 --> 0:08:17.000 powerful hurricane to be moving west northwestward across the Caribbean Sea. 0:08:17.640 --> 0:08:21.160 National Hurricane Center Director Michael Brennan says people in flood 0:08:21.200 --> 0:08:25.080 prone areas of Jamaica have been worn to seek safe shelter. 0:08:25.640 --> 0:08:30.560 Authorities say massive overcrowding, insufficient exits, and other factors contributed 0:08:30.600 --> 0:08:33.680 to a deadly stampede at a religious festival in northern 0:08:33.720 --> 0:08:36.360 India that killed now at least one hundred and twenty 0:08:36.400 --> 0:08:39.719 one people. The stampede happened on Tuesday afternoon in a 0:08:39.800 --> 0:08:43.840 village as large crowds rushed to exit a makeshift tent. 0:08:44.320 --> 0:08:47.560 It was not immediately clear what sparked the panic. The 0:08:47.679 --> 0:08:51.400 US is alleging China is developing attack drones for Russia. 0:08:51.800 --> 0:08:55.360 European officials familiar with the matters say Chinese and Russian 0:08:55.360 --> 0:08:59.120 companies are developing an attack drones similar to an Iranian 0:08:59.120 --> 0:09:03.679 model deployed in Ukraine. An estimated seventy one million Americans 0:09:03.720 --> 0:09:07.000 will travel for the Fourth of July holiday. Airports will 0:09:07.000 --> 0:09:10.079 be especially busy. This man and his wife flew out 0:09:10.120 --> 0:09:11.679 of Los Angeles International. 0:09:12.000 --> 0:09:12.520 We feel that. 0:09:12.559 --> 0:09:16.319 We're also getting out before the actual fate itself. 0:09:16.559 --> 0:09:19.640 Airfares are up from last year. Meanwhile, an average price 0:09:19.720 --> 0:09:23.120 for a gallon of regular gas nationwide is three dollars 0:09:23.160 --> 0:09:25.880 fifty cents, the lowest for this time of the year 0:09:26.160 --> 0:09:29.280 since twenty twenty one. Global News twenty four hours a 0:09:29.320 --> 0:09:32.160 day and whenever you want it with the Bloomberg News Now. 0:09:32.280 --> 0:09:35.480 I'm Michael Barr, and this is Bloomberg Herren Sorray. 0:09:35.520 --> 0:09:42.440 Michael Barr, Thank you, nice time now for the Bloomberg 0:09:42.520 --> 0:09:44.520 Sports Update with John stash Hour. 0:09:44.640 --> 0:09:47.120 John, Good morning, Good morning, Karen. A thurs Straight Mets 0:09:47.120 --> 0:09:49.760 game that went extra inning Sunday in New York, Day 0:09:49.880 --> 0:09:52.840 lost when the Astros scored five runs in the eleventh. 0:09:52.920 --> 0:09:56.440 Monday in DC, the Mets won with a six run tenth, 0:09:56.520 --> 0:09:58.920 and last night another big tenth inning. 0:09:59.400 --> 0:10:03.000 Garcia lifts and delivers, swung On crushed. 0:10:02.840 --> 0:10:05.520 Left field t back towards the bullpen, Woods to. 0:10:05.559 --> 0:10:12.280 The wall on two run home run, Pat Alonzo seven 0:10:12.480 --> 0:10:13.600 two Mets. 0:10:13.280 --> 0:10:16.480 In the tenth w CBS five. In the ten, seven 0:10:16.520 --> 0:10:18.920 to the final over the National seanman Nya kept the 0:10:18.960 --> 0:10:21.040 Mets in. It was seven strong and Inn's allowed only 0:10:21.120 --> 0:10:23.319 warner and run. Francisco Lindor hit a home run, and 0:10:23.360 --> 0:10:26.240 Brandon Nimmo had a pair of runs scoring hits in 0:10:26.320 --> 0:10:29.120 his return. Nimmo had missed Monday's game after he suffered 0:10:29.160 --> 0:10:32.120 a gash in his head when he fainted in his 0:10:32.200 --> 0:10:34.600 hotel room. As for the Yankees, they fell behind five 0:10:34.679 --> 0:10:37.120 to nothing. A comeback fell short. They lost to Cincinnati 0:10:37.160 --> 0:10:39.280 at the Stadium five to four. Eli de la Cruz 0:10:39.600 --> 0:10:41.520 with a triple on two run homer for the Reds. 0:10:41.520 --> 0:10:44.840 Aaron Judge another home run for the Yanks, his thirty second. 0:10:45.320 --> 0:10:47.800 If the season ended now, Judge would win the Major 0:10:47.880 --> 0:10:50.200 League triple cram, but when Baltimore won two to nothing 0:10:50.280 --> 0:10:53.040 in Seattle, the Orioles moved ahead of the Anks back 0:10:53.080 --> 0:10:55.640 into first place. Red Soft win eight to three in 0:10:55.679 --> 0:10:58.800 Miami and Wimbledon, both the six seeds loss. That's Andre 0:10:59.000 --> 0:11:02.520 rubelev on the men's and Marquette van Russova, who last 0:11:02.559 --> 0:11:05.440 year won the tournament. Only the second time in Wimbledon 0:11:05.559 --> 0:11:08.240 history the defending women's champ has gone out in the 0:11:08.280 --> 0:11:10.959 opening round the following year. As for Novak Djokovic, he 0:11:11.040 --> 0:11:13.319 lost only five games. At one point, the Knicks were 0:11:13.320 --> 0:11:15.400 in hot pursuit of New York native Donovan Mitchell. He 0:11:15.440 --> 0:11:18.800 instead went from Utah to Cleveland, and Mitchell is staying 0:11:18.880 --> 0:11:21.120 with the Cavs three year extension for one hundred and 0:11:21.240 --> 0:11:24.360 fifty million. There was mystery over why Aaron Rodgers was 0:11:24.400 --> 0:11:27.240 a no show at Jets mini camp last month. SNY 0:11:27.400 --> 0:11:31.440 reports The reason is that Rogers was visiting Egypt and 0:11:31.440 --> 0:11:33.520 that he booked the trip before knowing when the Jets 0:11:33.520 --> 0:11:37.640 Mini camp was taking place. John Stashtwick Bloomberg Sports Karen Nathan. 0:11:39.640 --> 0:11:43.760 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM 0:11:43.880 --> 0:11:46.760 and around the World on Bloomberg dot Com and the 0:11:46.800 --> 0:11:50.160 Bloomberg Business app. This is Bloomberg. 0:11:49.720 --> 0:11:52.840 Daybreak, Good Morning on Nathan Hager. President Biden is making 0:11:52.840 --> 0:11:56.080 an all out effort to reassure lawmakers, donors, and voters 0:11:56.080 --> 0:11:59.000 that his disastrous debate last week was a one off, 0:11:59.040 --> 0:12:02.920 but questions about his age and mental fitness remain. Democratic 0:12:02.960 --> 0:12:05.840 Congressman Seth Moulton is among those confronting them. 0:12:06.040 --> 0:12:07.480 Look, I'm not going to sugarcoat anything. 0:12:07.520 --> 0:12:10.480 I think the debate was a disaster, and right now 0:12:11.640 --> 0:12:14.760 a lot of people have concerns about President Biden's age 0:12:14.760 --> 0:12:18.200 and his ability to go toe to toe with Donald Trump. 0:12:18.320 --> 0:12:20.280 That's the reality that we face. 0:12:20.559 --> 0:12:23.440 That was Democrat Seth Moulton on Bloomberg's Balance of Power, 0:12:23.480 --> 0:12:26.160 and he's not the only one confronting that reality. Joining 0:12:26.200 --> 0:12:29.760 us for more is Bloomberg's Kevin Whitelaw, who's covered Washington, 0:12:29.840 --> 0:12:33.720 DC for more than two decades. Kevin, Good Morning. After 0:12:33.760 --> 0:12:35.640 the debate, we heard the President say when you get 0:12:35.720 --> 0:12:38.160 knocked down, you get back up. But it feels at 0:12:38.160 --> 0:12:40.320 this point like he has a long way to get 0:12:40.360 --> 0:12:41.719 back up too, doesn't it. 0:12:42.240 --> 0:12:44.360 Yeah, No, it's going to be a long, long road. 0:12:44.400 --> 0:12:46.960 For him to try to sort of reshape the narrative, 0:12:47.760 --> 0:12:49.600 and it's obviously unclear whether he's going to be able 0:12:49.600 --> 0:12:52.040 to do so. That won't stop the White House from trying. 0:12:53.280 --> 0:12:57.160 The White House is called an all staff meeting for 0:12:57.240 --> 0:13:01.720 today to try to rally the troops internally, as Bloomberger's reporting, 0:13:02.160 --> 0:13:04.679 and then he's set to do an interview with ABC 0:13:04.800 --> 0:13:08.560 News and George Stephanopolis on Friday. That seems to be 0:13:08.600 --> 0:13:12.520 a pretty high profile effort to create another moment where 0:13:12.720 --> 0:13:17.160 the President can maybe be seen engaging a little more 0:13:17.200 --> 0:13:22.560 substantively and lucidly than he was able to do during 0:13:22.559 --> 0:13:25.800 the debate. But obviously each of these moments comes with 0:13:25.840 --> 0:13:29.240 a high risk, and it's still not clear that how 0:13:29.280 --> 0:13:31.320 many of these, you know, whether you build up enough 0:13:31.320 --> 0:13:33.120 of those kind of moments, whether that's going to sort 0:13:33.120 --> 0:13:34.800 of undo the damage done in the debate. 0:13:35.440 --> 0:13:38.720 What to make of this latest explanation, as the President 0:13:38.720 --> 0:13:40.559 put it to donors last night, that it was his 0:13:40.679 --> 0:13:44.440 travel schedule that had him falling asleep on the debate 0:13:44.520 --> 0:13:46.960 stage last week. I mean, he was at Camp David 0:13:47.000 --> 0:13:50.439 for nearly a week preparing for this after that long 0:13:50.640 --> 0:13:52.040 travel schedule. 0:13:52.120 --> 0:13:54.840 Right, right, and was he was in Europe for a 0:13:54.840 --> 0:13:59.040 few days. It wasn't a huge multi stop tour. 0:14:00.080 --> 0:14:00.120 No. 0:14:00.200 --> 0:14:01.840 I think we've heard it's a cold, We've heard its 0:14:01.920 --> 0:14:04.720 jet lag. I think that that all of this is 0:14:04.760 --> 0:14:08.960 still essentially making the same point, which is the president 0:14:09.160 --> 0:14:12.760 is an older man. And and you know, obviously I 0:14:12.800 --> 0:14:16.760 think the context here is that so is Donald Trump. 0:14:16.800 --> 0:14:20.720 Their age difference really isn't that that different. I do 0:14:20.800 --> 0:14:23.920 think what what what may start to play down the 0:14:23.920 --> 0:14:26.800 line is obviously the way age is playing out sort 0:14:26.800 --> 0:14:29.320 of differently for each of them, and and and what 0:14:29.360 --> 0:14:31.880 that means maybe for the presidency. So I do think 0:14:31.920 --> 0:14:35.840 you're you are seeing an effort by by some Democrats 0:14:35.880 --> 0:14:38.000 to try to see if they can they can point, 0:14:38.000 --> 0:14:40.320 you know, sort of draw attention to to some of 0:14:40.360 --> 0:14:43.960 what they saw as moments in the debate that showed, uh, 0:14:44.360 --> 0:14:47.280 maybe sort of how how you know, sort of Donald 0:14:47.440 --> 0:14:49.920 Donald Trump's own own own issues with some of the 0:14:50.240 --> 0:14:54.120 the the answers and and the ability to to to engage. 0:14:54.160 --> 0:14:57.720 But that still seems like a bit of a losing battle. 0:14:58.280 --> 0:15:00.960 Donald Trump supporters sort of know what they're getting with him. 0:15:01.560 --> 0:15:01.680 Uh. 0:15:02.080 --> 0:15:05.080 And and I think you're seeing with with the with 0:15:05.080 --> 0:15:09.680 with with Democrats, still the slight unease about whether whether 0:15:09.720 --> 0:15:11.040 Biden is up to the task. 0:15:11.720 --> 0:15:13.960 So in our last minute, Kevin, I mean, how crucial 0:15:14.000 --> 0:15:17.120 does that make this next few days of events that 0:15:17.160 --> 0:15:20.440 we're expecting from the president later on this week He's 0:15:20.480 --> 0:15:23.680 meeting with governors this evening, and of course that sit 0:15:23.760 --> 0:15:26.400 down interview with ABC News on Friday. 0:15:26.760 --> 0:15:28.960 The thing I think that is a problem for the 0:15:29.000 --> 0:15:32.040 president now is he had this one really high profile miss, 0:15:32.080 --> 0:15:35.360 so one or two successes can can be seen as 0:15:35.480 --> 0:15:39.160 as well. You know, he's he's in and out. He's 0:15:39.200 --> 0:15:42.640 going to have to show I think over time that 0:15:42.640 --> 0:15:46.200 that the debate was the outlier as opposed to as 0:15:46.200 --> 0:15:49.720 opposed to an increasingly common event. So I think it's 0:15:49.720 --> 0:15:53.400 going to take him a long time in multiple events, 0:15:53.520 --> 0:15:56.720 multiple things in public. And this is the president whose 0:15:56.760 --> 0:15:59.320 advisors had really, you know, been trying to shield him 0:15:59.320 --> 0:16:02.080 a little bit from from these kinds of more unscripted 0:16:02.080 --> 0:16:03.680 moments for quite a while. 0:16:03.800 --> 0:16:04.000 Now. 0:16:04.560 --> 0:16:07.640 This is Bloomberg Daybreak Today, your morning brief on the 0:16:07.680 --> 0:16:11.080 stories making news from Wall Street to Washington and beyond. 0:16:11.360 --> 0:16:14.120 Look for us on your podcast feed at six am 0:16:14.200 --> 0:16:17.840 Eastern each morning on Apple, Spotify, and anywhere else you 0:16:17.920 --> 0:16:19.120 get your podcasts. 0:16:19.200 --> 0:16:21.920 You can also listen live each morning starting at five 0:16:21.960 --> 0:16:24.560 am Wall Street Time on Bloomberg eleven three to zero 0:16:24.600 --> 0:16:27.440 in New York, Bloomberg ninety nine to one in Washington, 0:16:27.560 --> 0:16:30.440 Bloomberg one oh six to one in Boston, and Bloomberg 0:16:30.520 --> 0:16:32.200 ninety sixty in San Francisco. 0:16:32.560 --> 0:16:35.720 Our flagship New York station is also available on your 0:16:35.760 --> 0:16:41.200 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:41.240 --> 0:16:44.800 Listen coast to coast on the Bloomberg Business app, seriusxmb 0:16:45.000 --> 0:16:49.040 iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:16:48.840 --> 0:16:50.080 And I'm Karen Moscow. 0:16:50.200 --> 0:16:52.960 Join us again tomorrow morning for all the news you 0:16:53.080 --> 0:17:05.400 need to start your day right here on Bloomberg Daybreak