Trump Rally Shrouded by Incendiary Rhetoric; Israel Strikes Avoid Iranian Crude

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:10.880 --> 0:00:13.840 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.880 --> 0:00:14.640 following today. 0:00:14.840 --> 0:00:17.200 Karen, we began with the latest from the campaign trail 0:00:17.280 --> 0:00:18.200 for Donald Trump. 0:00:18.280 --> 0:00:18.760 Last night. 0:00:18.800 --> 0:00:20.760 It ran through the heart of Manhattan. 0:00:21.200 --> 0:00:25.079 An incredible arena, Madison Square Garden. 0:00:25.280 --> 0:00:25.880 Incredible. 0:00:26.320 --> 0:00:29.560 The former president capped off a nearly six hour rally 0:00:29.600 --> 0:00:32.680 inside the fabled arena and called on his supporters to 0:00:32.720 --> 0:00:34.199 defeat Kamala Harris. 0:00:34.560 --> 0:00:34.960 With you a. 0:00:35.000 --> 0:00:39.400 Vote in this election, I will end inflation. 0:00:40.000 --> 0:00:44.879 I will stop the invasion of criminals coming into our country. 0:00:45.320 --> 0:00:48.440 Donald Trump was joined by about two dozen speakers, including 0:00:48.520 --> 0:00:50.960 Elon Musk, who made a promise of his own to 0:00:51.000 --> 0:00:54.320 Trump transition co chair Howard Ludnik, how. 0:00:54.240 --> 0:00:57.480 Much do you think we can rip out of this. 0:00:57.600 --> 0:01:02.400 Wasted six point five trillion Harris Biden budget? 0:01:03.080 --> 0:01:05.160 Well, I think we can do at least two trillion. 0:01:05.640 --> 0:01:07.200 Yeah. 0:01:07.600 --> 0:01:10.640 And the rally included some controversial comments as well, like 0:01:10.720 --> 0:01:13.840 this from comedian Tony Hinchcliff. 0:01:13.720 --> 0:01:15.039 Like, I don't know if you guys know this, but 0:01:15.080 --> 0:01:18.520 there's literally a floating island of garbage in the middle 0:01:18.520 --> 0:01:21.240 of the ocean, right now, yeah, I think it's called 0:01:21.280 --> 0:01:21.920 Puerto Rico. 0:01:24.080 --> 0:01:25.600 Okay, all right now. 0:01:25.640 --> 0:01:28.720 That drew a backlash from Republican lawmakers in Florida and 0:01:28.840 --> 0:01:32.920 Puerto Rican celebrities, including rapper Bad Bunny and Jennifer Lopez, 0:01:32.920 --> 0:01:35.319 who is of Puerto Rican descent. They showed support for 0:01:35.440 --> 0:01:37.480 Kamala Harris following that comment. 0:01:37.880 --> 0:01:40.720 Well, Nathan, Vice President Harris is seizing on the anti 0:01:40.760 --> 0:01:43.000 Puerto Rico rhetoric from the Trump rally. 0:01:43.280 --> 0:01:47.080 He abandoned the island, tried to block aid after back 0:01:47.160 --> 0:01:51.480 to back devastating hurricanes, and offered nothing more than paper 0:01:51.520 --> 0:01:53.120 towels and insults. 0:01:53.480 --> 0:01:56.559 Kamala Harris announced a plan to boosh the island territory's 0:01:56.600 --> 0:01:59.840 economy and power grid in a post on X Earlier, 0:02:00.120 --> 0:02:02.680 Vice President hel to rally ever own in Philadelphia. 0:02:03.160 --> 0:02:07.560 We have an opportunity before us to turn the page 0:02:08.080 --> 0:02:13.040 on the fear and the divisiveness that have characterized our 0:02:13.160 --> 0:02:17.160 politics for a decade because of Donald Trump. 0:02:17.680 --> 0:02:20.520 Vice President Harris plans to deliver what her campaign is 0:02:20.560 --> 0:02:23.920 calling her closing argument speech tomorrow. She'll appear at the 0:02:23.919 --> 0:02:26.880 Ellipse outside the White House, the same spot where Donald 0:02:26.880 --> 0:02:29.920 Trump rally supporters before the attack on the US Capitol 0:02:30.200 --> 0:02:32.239 on January sixth, twenty twenty one. 0:02:32.560 --> 0:02:35.760 Well Karen oil is tumbling this morning. It is down 0:02:35.919 --> 0:02:40.160 nearly five percent in the international market. The drop comes 0:02:40.240 --> 0:02:44.680 after Israeli strikes against targets in Iran avoided the OPEC 0:02:44.760 --> 0:02:48.720 members crewed facilities. Bloomberg's Paul Wallace reports that is fueling 0:02:48.720 --> 0:02:51.600 optimism hostilities in the Middle East, maybe easing. 0:02:51.919 --> 0:02:54.720 A lot of regional officials in the Middle East and 0:02:54.840 --> 0:02:57.600 probably beyond in the West as well, are thinking that 0:02:57.639 --> 0:02:59.880 this seems to be the end of it for now, 0:03:00.080 --> 0:03:03.600 at least based on Iran's reactions so far, it's been 0:03:03.600 --> 0:03:07.760 a pretty muted reaction. The country is not vowing to 0:03:07.880 --> 0:03:12.640 respond to Israel's strikes. Yes, four of its soldiers were killed, 0:03:12.639 --> 0:03:15.200 but the damage didn't seem to be massive, and of 0:03:15.200 --> 0:03:18.680 course Israel seemed to have left Iran's oil and nuclear 0:03:18.800 --> 0:03:21.519 sites untouched. So I think a lot of people looking 0:03:21.639 --> 0:03:24.360 this and saying okay, Iran seems happy to draw a 0:03:24.400 --> 0:03:26.240 line under this and move on. 0:03:27.200 --> 0:03:30.560 Bloomberg's Paul Walla says the Israeli strike avoided oil, nuclear 0:03:30.600 --> 0:03:33.280 and civilian infrastructure in Iran, and that was in line 0:03:33.280 --> 0:03:35.119 with a request from the Biden administration. 0:03:35.840 --> 0:03:38.160 Well, turning to the markets now, Nathan, earnings will be 0:03:38.200 --> 0:03:40.720 front and center, and this week's focus will shift to 0:03:40.840 --> 0:03:43.480 big tech. We get a preview from Bloomberg's Charlie Pillar. 0:03:43.880 --> 0:03:48.520 Tuesday, it's Google Parent Alphabet. Wednesday, it's Metal Platforms and Microsoft, 0:03:48.560 --> 0:03:51.480 and then Apple and Amazon after the bell on Thursday. 0:03:51.880 --> 0:03:54.480 Kate Moore is head of thematic strategy at black Rock. 0:03:54.560 --> 0:03:56.360 She says, it's all about the outlook. 0:03:56.520 --> 0:03:59.160 The big thing I'm watching though, is not the results 0:03:59.200 --> 0:04:03.160 from the Third War, but I'm moniagcally focused on the 0:04:03.240 --> 0:04:06.480 guidance companies are giving for the fourth quarter and for 0:04:06.560 --> 0:04:07.440 twenty twenty five. 0:04:07.560 --> 0:04:12.520 Also this week, Advanced micro Devices, Caterpillar, x on Mobile, Ford, McDonald's, 0:04:12.520 --> 0:04:16.480 and Ubs in New York. Charlie Pellet Bloomberg Radio. 0:04:16.800 --> 0:04:19.839 Charlie thanks. Another company we're watching, of course, is Boeing. 0:04:19.960 --> 0:04:23.360 The planemaker plans to launch a capital raise as early 0:04:23.440 --> 0:04:27.000 as today. Let's get the latest from Bloomberg's John Tucker. So, John, 0:04:27.000 --> 0:04:28.000 how much are we talking here? 0:04:28.400 --> 0:04:31.520 The company sent to raise more than fifteen billion dollars. 0:04:31.640 --> 0:04:35.120 Nathan Boeing's advisors have been lining up the potential investors. 0:04:35.400 --> 0:04:38.600 The transaction likely to include shares as well as debt 0:04:38.680 --> 0:04:41.400 that can be converted into equity. Now, to put this 0:04:41.480 --> 0:04:44.400 in perspective, a fifteen billion dollars share sale would be 0:04:44.440 --> 0:04:48.600 the largest equity offering since twenty twenty. Boeing needs money 0:04:48.640 --> 0:04:51.040 to keep its investment great credit rating and to fund 0:04:51.160 --> 0:04:54.320 any eventual turnaround from the crippling strike. The company's on 0:04:54.400 --> 0:04:57.000 pace to use around four billion dollars in cash during 0:04:57.000 --> 0:05:00.000 the fourth quarter well. The planemaker expects to continue burning 0:05:00.160 --> 0:05:02.680 cash through the first half of next year as well. 0:05:03.000 --> 0:05:05.599 The Bowing factory workers voted last week to reject the 0:05:05.640 --> 0:05:09.520 company's latest contract offer, which included a wage increase of 0:05:09.640 --> 0:05:12.760 thirty five percent spread over four years. In New York, 0:05:12.800 --> 0:05:14.400 I'm John Tucker, Bloomberg Radio. 0:05:14.720 --> 0:05:16.719 All right, John, thank you now to the latest on 0:05:16.760 --> 0:05:19.320 the health scare at McDonald's. The fast food giant says 0:05:19.400 --> 0:05:22.200 quarter pounders will return to menus at all restaurants this 0:05:22.320 --> 0:05:25.240 week after ruling out beef patties as a source of 0:05:25.279 --> 0:05:28.640 a multi state ecali outbreak that has sickened to dozens 0:05:28.640 --> 0:05:29.880 and left one person dead. 0:05:30.240 --> 0:05:30.360 The E. 0:05:30.520 --> 0:05:33.760 Coli infections appear to stem from these slivered onions served 0:05:33.800 --> 0:05:36.200 on top of the hamburger. The company had stopped selling 0:05:36.200 --> 0:05:38.280 the burgers in about twenty percent of its more than 0:05:38.320 --> 0:05:42.120 thirteen thousand US restaurants. They will return without onions. 0:05:42.400 --> 0:05:45.800 Eli Lelly expects to start selling its highly popular weight 0:05:45.839 --> 0:05:48.560 loss drug in Hong Kong as early as the end 0:05:48.600 --> 0:05:51.080 of this year. Lilly's SHOT's already been approved in mainland 0:05:51.160 --> 0:05:53.720 China for weight loss and diabetes, but it remains unclear 0:05:53.720 --> 0:05:56.360 when it plans to launch the product in the country. 0:05:56.480 --> 0:05:59.640 His rival Nova Nordisk is already selling its diabetes drug 0:05:59.640 --> 0:06:02.599 in honk in mainland China, but its weight loss version 0:06:02.680 --> 0:06:04.159 has not been made available yet. 0:06:04.720 --> 0:06:06.599 And Nathan the Yen has we can do a three 0:06:06.640 --> 0:06:09.440 month low. After Japan's ruling coalition failed to win a 0:06:09.480 --> 0:06:12.320 majority in parliament, the country now faces a period of 0:06:12.360 --> 0:06:15.640 political instability as its two main blocks race to form 0:06:15.640 --> 0:06:19.360 a government. Bloomberg's Paul Jackson in Tokyo says this outcome 0:06:19.480 --> 0:06:22.320 was a risk the Prime Minister took in calling this election. 0:06:22.839 --> 0:06:25.880 This was a big gamble to call an early election, 0:06:26.200 --> 0:06:30.080 hoping that a kind of new leader popularity bump might 0:06:30.120 --> 0:06:33.640 give him a mandate to lead the party over the 0:06:33.680 --> 0:06:37.360 coming years. Instead, what he's ended up with is the 0:06:37.400 --> 0:06:42.000 worst result for the ruling coalition since two thousand and nine. 0:06:42.040 --> 0:06:45.000 So now he's going to pick up the pieces. 0:06:45.480 --> 0:06:48.560 And Bloomberg's Paul Jackson says Prime Minister is Shiba promised 0:06:48.560 --> 0:06:52.520 to take responsibility for restoring political stability following the loss. 0:06:52.720 --> 0:06:56.440 According to Japan's constitution, a special session of Parliament must 0:06:56.520 --> 0:06:59.200 be held within thirty days of a general election to 0:06:59.279 --> 0:07:04.640 choose a prime minute. Honest time now for a look 0:07:04.640 --> 0:07:06.320 at some of the other stories making news in New 0:07:06.360 --> 0:07:08.080 York and around the world. For that, we're joined by 0:07:08.120 --> 0:07:11.559 Bloomberg's Michael Barr Michael, Good Morning, Good Morning Karen. 0:07:11.640 --> 0:07:15.040 Sentencing in Washington, d C. Today for a Hollywood actor 0:07:15.360 --> 0:07:18.120 who pleaded guilty to being part of the January sixth 0:07:18.200 --> 0:07:22.600 breach of the US Capitol. Jay Johnston, pleaded guilty to 0:07:22.640 --> 0:07:26.960 a felony account of civil disorder back in January. Johnston 0:07:27.040 --> 0:07:30.760 is arguably the most famous, having appeared in Bob's Burger's 0:07:31.080 --> 0:07:35.400 and arrested development Prosecutors will ask for eighteen months in 0:07:35.560 --> 0:07:39.360 prison for Johnston, saying he was part of that mob 0:07:39.560 --> 0:07:43.760 that day. Johnston will seek leniency. His defense lawyer says 0:07:43.800 --> 0:07:47.960 he has lost work over this. Pro Western opposition parties 0:07:48.080 --> 0:07:52.920 in Georgia are crying foul at Saturday's parliamentary elections that 0:07:53.080 --> 0:07:57.200 leave pro Moscow parties with a majority, with surveys showing 0:07:57.200 --> 0:08:01.880 a vast majority of Georgian's wanting to join the European 0:08:02.000 --> 0:08:06.680 Union observers fan across Georgia. The head of the European delegation, 0:08:06.800 --> 0:08:12.760 Antonio Lopez Tourist White says irregularities were detected by observers. 0:08:13.120 --> 0:08:16.600 We expressed did concern about the democratic backsliding in Georgia. 0:08:17.640 --> 0:08:20.880 We fear that the climate of hatred and intimidation that 0:08:21.040 --> 0:08:24.400 was also mentioned before we witness on the election, they 0:08:24.520 --> 0:08:28.640 could seriously undermine the political process in Georgia. 0:08:28.960 --> 0:08:32.480 Georgia's president, who wants to join the EUS, says their 0:08:32.520 --> 0:08:36.000 country was a victim of a Russian special operation trying 0:08:36.000 --> 0:08:39.640 to alter the outcome. A new bank rate study confirms 0:08:39.640 --> 0:08:44.760 what many families already know. Childcare is expensive. Analyst Alex 0:08:44.840 --> 0:08:48.680 Gaily says there are important websites parents can use to 0:08:48.760 --> 0:08:52.400 find financial assistance for childcare and local providers. 0:08:52.600 --> 0:08:55.120 Childcare dot goub can take you to your state's website. 0:08:55.120 --> 0:08:57.560 And that is a great resource to go to to 0:08:57.679 --> 0:09:00.880 find out more about where you get financial systems and 0:09:01.200 --> 0:09:02.720 fine childcare in your state. 0:09:03.600 --> 0:09:07.680 Gaily also recommends checking with local county and state offices 0:09:07.720 --> 0:09:11.280 to see what services, tax breaks, or financial opportunities are 0:09:11.320 --> 0:09:14.560 available in their area for childcare. The survey found the 0:09:14.559 --> 0:09:17.520 most expensive states for childcare or New York, New Mexico, 0:09:17.640 --> 0:09:21.560 and Hawaii, the least expensive where it's South Dakota, North 0:09:21.640 --> 0:09:25.120 Dakota and Utah. Finally, in a recent study ranks the 0:09:25.120 --> 0:09:29.959 best cities for Tricker treaders to experience Halloween. The comparison 0:09:30.000 --> 0:09:33.679 of cities that provide and exciting yet save Halloween are 0:09:33.720 --> 0:09:37.160 found in a report from the website wallet hub the 0:09:37.400 --> 0:09:41.640 top Halloween cities New York, Jersey City, Miami, and Las Vegas. 0:09:41.960 --> 0:09:44.440 Global News twenty four hours a day and whenever you 0:09:44.480 --> 0:09:47.040 want it with Bloomberg News Now Michael Barr, and this 0:09:47.200 --> 0:09:48.439 is Bloomberg Care all. 0:09:48.440 --> 0:09:55.240 Right, Michael Barr, thank you time now for the Bloomberg 0:09:55.320 --> 0:09:58.080 Sports Update, brought to you by Tri State. Audie. Here's 0:09:58.160 --> 0:09:59.760 John stash Hour. John, good morning. 0:10:00.000 --> 0:10:02.120 You want to carry a World Series in the Bronx 0:10:02.160 --> 0:10:05.319 first time in fifteen years. One question going into tonight's 0:10:05.360 --> 0:10:08.880 Game three was answered yesterday. The Dodgers say showy Otani 0:10:09.000 --> 0:10:11.640 good to go despite the shoulder injury suffered late in 0:10:11.679 --> 0:10:14.280 Game two, and now we'll see about possible changes in 0:10:14.320 --> 0:10:17.600 the Yankee lineup. Austin Wells four for forty one in 0:10:17.640 --> 0:10:21.240 the postseason with eighteen strikeouts. Alex Erdugo won for his 0:10:21.360 --> 0:10:24.840 last seventeen. Ten teams have come back from being down 0:10:24.840 --> 0:10:26.480 to nothing in the World Series. In fact, tapping the 0:10:26.520 --> 0:10:30.000 last two times these teams have met, Anthony Rizzo knows 0:10:30.080 --> 0:10:33.320 only once as a team come back from three nothing down. 0:10:34.080 --> 0:10:35.040 This team has no quit. 0:10:35.200 --> 0:10:37.439 So the biggest thing is we win. 0:10:37.800 --> 0:10:41.400 If we win that game Monday, you know, a pressure 0:10:41.440 --> 0:10:44.200 goes to the other side and to make this a series. 0:10:44.400 --> 0:10:47.440 Yanks will start Clark Schmidt. Dodgers go with Walker Bueller. 0:10:47.480 --> 0:10:49.840 Giants will be playing at the same time in Pittsburgh 0:10:49.840 --> 0:10:52.360 and you can hear the game on Bloomberg Radio in 0:10:52.360 --> 0:10:55.400 New York. Bloomberg eleven three to zero has Giants Steelers tonight, 0:10:55.440 --> 0:10:57.520 starting with the pregame at six thirty. The Jets fifth 0:10:57.520 --> 0:11:00.199 straight loss twenty five twenty two at New On The 0:11:00.200 --> 0:11:01.880 Patriots score the when he touched on on a fourth 0:11:01.920 --> 0:11:04.760 down run with twenty two seconds left. It's the pats 0:11:04.800 --> 0:11:07.439 first win since Week one. Upset of the day was 0:11:07.480 --> 0:11:10.080 in Cleveland, Browns beat the Ravens twenty nine twenty four 0:11:10.120 --> 0:11:12.240 to end a five game losing streak. It was ending 0:11:12.280 --> 0:11:15.360 Baltimore's five game win streak. No question about the best 0:11:15.400 --> 0:11:18.199 finish of the day. That was in Washington. The Bears 0:11:18.240 --> 0:11:20.760 had taken their first lead with twenty five seconds left. 0:11:20.800 --> 0:11:24.319 One last chance for the Commanders. Here comes to Hail Mary, 0:11:24.400 --> 0:11:33.000 but the game on the line and the bustle's stop Brown. 0:11:33.720 --> 0:11:40.400 Oh my goodness, this Dallas time. Crazy call on CBS 0:11:40.480 --> 0:11:43.480 Washington won eighteen fifteen last night. The forty nine ers 0:11:43.480 --> 0:11:45.439 that scored the Cowboys twenty one ns in the third 0:11:45.520 --> 0:11:48.319 quarter and beat Dallas thirty to twenty four. Then that's 0:11:48.320 --> 0:11:51.080 home opener one fifteen one oh two win over Milwaukee. 0:11:51.320 --> 0:11:53.959 John Stishwar Bloomberg Sports Karen Nathan. 0:11:55.760 --> 0:11:59.880 Coast to Coast on Bloomberg Radio nationwide on Syrias XM, 0:12:00.040 --> 0:12:02.840 and around the world on Bloomberg dot Com and the 0:12:02.920 --> 0:12:06.920 Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm 0:12:06.960 --> 0:12:07.600 Nathan Hager. 0:12:07.640 --> 0:12:10.360 With eight days to go until election day, both Donald 0:12:10.400 --> 0:12:13.440 Trump and Kamala Harris are honing their closing arguments in 0:12:13.480 --> 0:12:17.040 the final stretch of an air tight presidential campaign. 0:12:17.280 --> 0:12:19.400 We're going to defeat Kamala Harrison. 0:12:19.520 --> 0:12:22.120 We're going to win back the beautiful White House. 0:12:22.280 --> 0:12:27.080 Turn the page on that same old, tired playbook because 0:12:27.120 --> 0:12:28.679 we are exhausted with it. 0:12:28.920 --> 0:12:32.040 The Vice president rallied her supporters last night in Philadelphia, 0:12:32.040 --> 0:12:34.800 while the former president held a marathon event in the 0:12:34.840 --> 0:12:38.199 heart of his hometown at New York's Madison Square Garden. 0:12:38.240 --> 0:12:40.920 For more, we are joined this morning by Bloomberg News 0:12:40.920 --> 0:12:44.720 senior editor Bill Ferries. Bill, Good morning. The former president 0:12:44.800 --> 0:12:47.760 promised a spectacle at the storied arena. What were some 0:12:47.880 --> 0:12:48.880 of your takeaways. 0:12:49.880 --> 0:12:52.440 Well, it definitely was a spectacle. I mean, it's starting 0:12:52.480 --> 0:12:56.400 with a basically six hours in length there at Madison 0:12:56.440 --> 0:13:00.160 Square Gardens, kind of an iconic venue for a political rally. 0:13:01.080 --> 0:13:04.959 I don't think Donald Trump's remarks are probably what's going 0:13:05.000 --> 0:13:07.920 to be remembered most from it. He gave what he 0:13:07.960 --> 0:13:09.840 said a lot of the things that are common about 0:13:10.160 --> 0:13:13.040 in his stump speeches. But I think what's really drawn 0:13:13.120 --> 0:13:15.400 a lot of attention are some of the speakers who 0:13:15.440 --> 0:13:18.720 came before him. There was quite a number of people 0:13:18.760 --> 0:13:22.720 who are well known to Trump supporters and conservative audiences. 0:13:22.800 --> 0:13:27.640 Tucker Carlson was there, Doctor Phil made an appearance supporting Trump. 0:13:28.559 --> 0:13:32.439 But there were a lot of comments, including some by 0:13:32.480 --> 0:13:35.439 a comedian who was there, that have been really taken 0:13:35.480 --> 0:13:40.439 to task overnight. A lot of talking insulting Puerto Rico, 0:13:40.600 --> 0:13:43.800 saying it's a floating island of garbage that has been 0:13:44.120 --> 0:13:47.880 latched upon by a lot of Hair supporters, prominent Puerto 0:13:47.960 --> 0:13:52.080 Ricans in the United States, saying that that reflects how 0:13:52.200 --> 0:13:57.120 the Trump campaign views the island and views Puerto Ricans. 0:13:57.400 --> 0:14:01.480 Interestingly enough, outside of Florida, which has the largest population 0:14:01.760 --> 0:14:06.240 of Puerto Ricans in the continental US, the second largest 0:14:06.280 --> 0:14:09.680 group is in Pennsylvania, so one of the key battleground states. 0:14:09.960 --> 0:14:12.520 So nobody knows at this point if that will make 0:14:12.760 --> 0:14:14.600 much of a difference in the election or not. But 0:14:14.640 --> 0:14:18.600 it's something that Harris supporters are talking a lot about overnight. 0:14:18.760 --> 0:14:21.400 Yeah, I guess Harris was talking about it herself with 0:14:21.480 --> 0:14:25.200 a post on x talking about a plan to boost 0:14:25.280 --> 0:14:28.840 the Puerto Rican economy and power grid. I mean, how 0:14:28.960 --> 0:14:32.000 could she potentially seize on this at a time when 0:14:32.360 --> 0:14:35.160 just a few days ago, former President Trump was in 0:14:35.200 --> 0:14:37.080 the sun Belt trying to court Latino voters. 0:14:38.160 --> 0:14:41.080 Yeah, you know, it's hard this election. The results will 0:14:41.120 --> 0:14:43.720 get sliced and diced a thousand ways, and it's hard 0:14:43.720 --> 0:14:46.680 to know what moves the needle at this point. But 0:14:46.840 --> 0:14:51.080 it is kind of interesting that Trump's event was marred 0:14:51.400 --> 0:14:54.840 or marked by these comments at the same time that 0:14:54.960 --> 0:15:00.320 Kamala Harris was out talking to Latino business owners and 0:15:00.320 --> 0:15:05.800 and voters in Philadelphia. So, whether you know, everyone is 0:15:05.840 --> 0:15:09.480 trying to get any type of little extra edge they 0:15:09.520 --> 0:15:12.080 can in these final days. They obviously need to turn 0:15:12.120 --> 0:15:15.240 out their core supporters, but they're trying to build on 0:15:15.320 --> 0:15:18.560 that and trying to lure some of those relatively few 0:15:18.680 --> 0:15:21.600 undecided voters at this point. And these are the kind 0:15:21.640 --> 0:15:24.560 of things that, you know, if Harris ends up winning, 0:15:24.840 --> 0:15:27.280 people will be looking at the Pennsylvania results to see 0:15:27.320 --> 0:15:30.680 if that mattered, and if Trump wins, they'll be looking 0:15:30.720 --> 0:15:33.080 at some of these other things that have happened in 0:15:33.320 --> 0:15:35.160 at the end stages of the campaign to see if 0:15:35.160 --> 0:15:36.080 that made the difference. 0:15:36.400 --> 0:15:39.040 In our last minute bill, we also heard from Elon 0:15:39.160 --> 0:15:42.640 Musk on the stage, one of former President Trump's biggest 0:15:42.720 --> 0:15:48.040 supporters financially certainly promising to cut two trillion dollars from 0:15:48.040 --> 0:15:51.680 the federal budget if he joins a Trump administration. Is 0:15:51.720 --> 0:15:52.440 that realistic? 0:15:53.680 --> 0:15:57.360 It's hard to see where where, you know, how that 0:15:57.400 --> 0:16:00.520 gets through. He was responding to a question by from 0:16:00.600 --> 0:16:05.120 Canter Fitzgerald's CEO, Howard Lutnick, who said, how much could 0:16:05.120 --> 0:16:08.640 he rip out of the budget that Harris, that Biden 0:16:08.680 --> 0:16:11.120 and Harris last proposed, And he said, yeah, as you mentioned, 0:16:11.120 --> 0:16:15.560 two trillion dollars, I mean right now. Trump's economic pitch 0:16:15.680 --> 0:16:19.400 to voters has largely been on tax cuts, whether it's 0:16:19.440 --> 0:16:24.000 tax cuts for tips, tax cuts for home caregivers, things 0:16:24.080 --> 0:16:26.360 like that. There hasn't been a lot of talk about 0:16:26.440 --> 0:16:29.600 new revenue, and so the cost of those tax cuts 0:16:29.840 --> 0:16:33.240 over the coming decade estimated in the trillions. To add 0:16:33.280 --> 0:16:35.840 two trillion to that, it's hard to imagine where that 0:16:35.880 --> 0:16:40.880 comes when half the budget is defense and you know 0:16:41.960 --> 0:16:44.840 things like that, so gonna be tough to find it. 0:16:45.240 --> 0:16:48.680 This is Bloomberg Daybreak, your morning podcast on the stories 0:16:48.760 --> 0:16:51.760 making news from Wall Street to Washington and beyond. 0:16:52.040 --> 0:16:54.440 Look for us on your podcast feed by six am 0:16:54.480 --> 0:16:57.880 Eastern each morning on Apple, Spotify, or manywhere else you listen. 0:16:58.080 --> 0:17:00.920 You can also listen live each more starting at five 0:17:00.960 --> 0:17:03.680 am Wall Street Time on Bloomberg eleven three to zero 0:17:03.680 --> 0:17:06.600 in New York, Bloomberg in ninety nine to one in Washington, 0:17:06.640 --> 0:17:10.520 Bloomberg ninety two nine in Boston, and nationwide on serious 0:17:10.800 --> 0:17:12.360 XM Channel one twenty one. 0:17:12.760 --> 0:17:15.480 Plus listen coast to coast on the Bloomberg Business app 0:17:15.520 --> 0:17:18.320 Now with Apple CarPlay and Android Atto interfaces. 0:17:18.560 --> 0:17:21.280 And don't forget to subscribe to Bloomberg and News Now. 0:17:21.400 --> 0:17:24.000 It's the latest news whenever you want it in five 0:17:24.040 --> 0:17:27.040 minutes or less. Search Bloomberg News Now and your favorite 0:17:27.040 --> 0:17:31.720 podcast platform to stay informed all day long. I'm Karen Moscow. 0:17:31.520 --> 0:17:34.040 And I'm Nathan Hager. Join us again tomorrow morning for 0:17:34.119 --> 0:17:36.040 all the news you need to start your day right 0:17:36.040 --> 0:17:37.479 here on Bloomberg dab ray