New Questions about Biden's Health; Trump Soon to Pick VP

Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.760 --> 0:00:12.719 Good morning, I'm John Tucker and I'm Amy Morris. Here 0:00:12.760 --> 0:00:15.239 are the stories we're following today. We begin with the 0:00:15.320 --> 0:00:18.079 latest on President Biden. The White House now pushing back 0:00:18.120 --> 0:00:21.720 on questions of whether the President might have Parkinson's disease. 0:00:21.760 --> 0:00:24.279 Bloomberg's Ed Baxter with those details log I. 0:00:24.280 --> 0:00:27.920 Said Surface, showing that a neurologist specializing in Parkinson's disease 0:00:28.280 --> 0:00:31.520 had visited the White House on several occasions. White House 0:00:31.520 --> 0:00:36.200 spokeswoman Karine Sean Pierre saying that the President is fine. 0:00:36.320 --> 0:00:38.800 Has the President been treated for Parkinson's No? Is he 0:00:38.880 --> 0:00:41.680 being treated for Parkinson's No, he's not. Is he taking 0:00:41.760 --> 0:00:43.959 medication for Parkinson's No. 0:00:44.240 --> 0:00:47.400 Sean Pierre says the President had a full neurological work 0:00:47.440 --> 0:00:49.920 up as part of his annual physical in February and 0:00:49.960 --> 0:00:52.160 there were no signs of any problems. 0:00:52.600 --> 0:00:54.040 Ed Baxter, Bloomberg. 0:00:53.680 --> 0:00:56.240 Radio, and thanks said and a mid questions about his health. 0:00:56.320 --> 0:01:00.600 President Biden now getting in unexpected boost from progressives and Congress, 0:01:01.000 --> 0:01:04.120 the same members he once battled. Has more Democrats call 0:01:04.240 --> 0:01:06.679 upon Biden to withdraw from the race for the White House. 0:01:06.720 --> 0:01:11.040 Members like New York's Alexandra Acasio Cortes and Minnesota's Elon 0:01:11.120 --> 0:01:14.760 Omar are signaling that Biden should stay at the top 0:01:14.800 --> 0:01:18.640 of the ticket. Congresswoman Prevala Jaya Palell, a progressive Democrat 0:01:18.680 --> 0:01:22.720 from Washington, said she's standing behind the party and the president. 0:01:23.160 --> 0:01:24.840 At the end of the day, he is our nominee 0:01:24.920 --> 0:01:26.800 right now until he's not our nominee. And I think 0:01:26.800 --> 0:01:30.440 we shouldn't do Trump and Republicans dirty work for them. 0:01:30.800 --> 0:01:34.800 Congresswoman Premola Jaya pal This is notable considering these are 0:01:35.000 --> 0:01:38.840 the same progressive members of Congress who publicly criticize Biden 0:01:38.880 --> 0:01:42.520 for negotiating with Republicans will abandoning some of his more 0:01:42.560 --> 0:01:46.080 lofty campaign promises, and in the Senate, the Majority leader 0:01:46.160 --> 0:01:49.080 Chuck Schumer also back to president, saying quote, I'm for. 0:01:49.200 --> 0:01:52.960 Joe and as questions around the president's health. NATO leaders 0:01:53.000 --> 0:01:57.400 are converging on Washington for their annual summit. Bloomberg's Nancy 0:01:57.480 --> 0:01:59.240 Lyons reports from the nation's capital. 0:02:00.040 --> 0:02:02.880 Biden is hosting the event that marks the seventy fifth 0:02:02.880 --> 0:02:06.800 anniversary of the Alliance. White House National Security Advisor John 0:02:06.880 --> 0:02:10.280 Kirby says the leaders are expected to share their thoughts 0:02:10.400 --> 0:02:11.919 on Ukraine's future. 0:02:11.720 --> 0:02:15.600 Some discussion about Ukraine's path to NATO and that and 0:02:15.639 --> 0:02:19.000 what that can look like, and a reaffirmation of what 0:02:19.040 --> 0:02:23.560 the President has long said that NATO is in Ukraine's future. 0:02:23.880 --> 0:02:26.760 Kirby says President Biden has helped strengthen NATO with two 0:02:26.880 --> 0:02:30.960 new members since Russia's invasion of Ukraine, Finland and Sweden, 0:02:31.200 --> 0:02:35.040 bringing the total to thirty two. In Washington, Nancy lyons 0:02:35.080 --> 0:02:36.160 Bloomberg Radio Right. 0:02:36.200 --> 0:02:39.359 Thanks Nancy, Donald Trump is getting back on the campaign 0:02:39.360 --> 0:02:42.560 Trio is rallying voters at his Flying Ship golf resort 0:02:42.680 --> 0:02:46.959 in the Miami suburb of Darrell. Meanwhile, Trump has yet 0:02:47.000 --> 0:02:50.560 to make a final decision on his Vince presidential pick. However, 0:02:50.600 --> 0:02:54.560 he tails Fox's Sean Hannity believes he'll make an announcement 0:02:54.720 --> 0:02:55.480 in the coming week. 0:02:55.800 --> 0:02:58.160 I haven't made final decision, but I have some ideas 0:02:58.200 --> 0:03:01.200 as to where we're going, and a little bit, you know, 0:03:01.240 --> 0:03:03.360 we wanted to see what they're doing. To be honest, 0:03:03.480 --> 0:03:06.120 I think probably within the next week, week and a half. 0:03:06.400 --> 0:03:09.160 Probably Sometimes I'd love to do it during the convention. 0:03:09.720 --> 0:03:11.639 My people say that's a little complicated. 0:03:11.919 --> 0:03:15.519 Donald Trump, speaking on Fox the Republican National Convention begins 0:03:15.600 --> 0:03:17.320 July fifteenth in Milwaukee. 0:03:17.600 --> 0:03:19.680 Let's turn to the markets now. Futures are higher after 0:03:19.800 --> 0:03:22.240 yet another record setting day on Wall Street, the S 0:03:22.280 --> 0:03:25.000 and P five hundred registered it's thirty fifth high of 0:03:25.040 --> 0:03:28.880 the year. Still, Morgan Stanley's Mike Wilson says traders should 0:03:28.960 --> 0:03:30.280 brace for a pullback. 0:03:30.600 --> 0:03:33.080 The chance of a ten percent correction is highly likely 0:03:33.360 --> 0:03:36.200 sometime between now and the election, not just because of 0:03:36.200 --> 0:03:39.480 the election, but because uncertainty is going to prevail for 0:03:39.520 --> 0:03:41.840 a lot of different reasons. Earnings reasons, you know, election 0:03:41.960 --> 0:03:46.720 outcome reasons, tarrors, potentially immigration. Fed policy still remains uncertain. 0:03:47.720 --> 0:03:51.000 Morgan Stanley's Mike Wilson places the odds of stock prices 0:03:51.000 --> 0:03:53.640 closing the year higher than they are now at twenty 0:03:53.800 --> 0:03:54.760 to twenty five percent. 0:03:55.120 --> 0:03:58.320 And today attention turns to j Powell the FED share 0:03:58.400 --> 0:04:01.200 delivery testimony to Congress. Let's get a preview now from 0:04:01.200 --> 0:04:02.680 Bloomberg's Michael McKee. 0:04:02.920 --> 0:04:05.440 It's not really a question of what will he say, 0:04:05.520 --> 0:04:08.920 but what can he say? Mister market wants to know 0:04:09.120 --> 0:04:12.160 when the FED will start cutting rates. Neither the chairman 0:04:12.280 --> 0:04:15.560 or his FED colleagues know the Consumer Price Index, which 0:04:15.680 --> 0:04:19.480 might offer a clue, isn't out until Thursday after his testimony, 0:04:20.240 --> 0:04:23.200 so expect Powell to repeat what he's already said. The 0:04:23.240 --> 0:04:26.240 Fed is committed to its two percent inflation target. It 0:04:26.320 --> 0:04:29.760 is also watching growth and unemployment, and policy is in 0:04:29.800 --> 0:04:32.360 a good place to help with any of those problems. 0:04:32.960 --> 0:04:36.320 You could also expect him to duck any questions about 0:04:36.360 --> 0:04:40.200 politics or fiscal policy. Michael McKee, Bloomberg Radio. 0:04:40.320 --> 0:04:43.200 Thank you, Mike. The Sun Valley Conference kicks off today 0:04:43.240 --> 0:04:45.520 at the Sun Valley Resort in Idaho. We get a 0:04:45.560 --> 0:04:47.640 preview from Bloomberg's Charlie Pellett. 0:04:47.680 --> 0:04:51.240 The annual event is hosted by boutique investment bank Allen 0:04:51.360 --> 0:04:54.640 and Company. It's also known as Summer Camp for Billionaires. 0:04:54.960 --> 0:04:57.599 Over the years, it's been a breeding ground for media 0:04:57.680 --> 0:05:00.960 deals as tech and media elites discuss the future of 0:05:01.000 --> 0:05:04.479 their industries. This year, politics will be very much on 0:05:04.560 --> 0:05:08.480 the agenda, amid calls from some Democrats for President Biden 0:05:08.520 --> 0:05:12.920 to step aside. Three governors being floated as potential replacements 0:05:13.120 --> 0:05:18.200 Michigan's Gretchen Whitmer, Pennsylvania's Josh Shapiro, and Maryland's Wes Moore 0:05:18.480 --> 0:05:23.000 will be in attendance in New York, Charlie Bloomberg Radio. 0:05:23.640 --> 0:05:26.599 And after eight weeks of testimony, the jury in the 0:05:26.600 --> 0:05:30.080 fraud trial of Ourkego's Capital management founder Bill Wang is 0:05:30.120 --> 0:05:32.520 sent to begin deliberations. Let's get more in this report 0:05:32.520 --> 0:05:34.240 from Bloomberg's Dud Chrisoner. 0:05:34.640 --> 0:05:38.240 The case of Archago's Capital Management and its inability to 0:05:38.279 --> 0:05:41.599 meet billions of dollars in margin calls ensnared half of 0:05:41.640 --> 0:05:45.520 Wall Street and it cost banks ten billion dollars. Wang 0:05:45.600 --> 0:05:50.160 is charged with eleven counts, including fraud in market manipulation. Yesterday, 0:05:50.200 --> 0:05:53.200 in closing remarks, Swang's lawyer said the government's case makes 0:05:53.240 --> 0:05:57.040 no sense because prosecutors failed to show how Wang planned 0:05:57.080 --> 0:06:01.520 to realize a windfall from the alleged ski In his closing, 0:06:01.560 --> 0:06:05.160 the prosecutor peppered his arguments with metaphors to show how 0:06:05.240 --> 0:06:10.000 WOG cared about moving stock prices, not acquiring stock. In 0:06:10.040 --> 0:06:11.960 New York, I'm Doug Kristner, Bloomberg Radio. 0:06:12.080 --> 0:06:14.599 All right, thank you, Doug and company News. Shares of 0:06:14.640 --> 0:06:17.520 BP are down more than three percent in European trading. 0:06:17.800 --> 0:06:21.919 The oil giant is warning of quote significantly lower refining margins. 0:06:22.120 --> 0:06:24.520 It's also predicting a write down on the value of 0:06:24.560 --> 0:06:27.400 a plant in Germany of one billion to two billion dollars. 0:06:30.720 --> 0:06:32.640 All right, thanks Amy, and that brings us to five 0:06:32.640 --> 0:06:34.680 those seven on the Wall Street time down for a 0:06:34.720 --> 0:06:36.599 look at some of the other stories making news in 0:06:36.600 --> 0:06:38.720 New York and around the world. 0:06:39.040 --> 0:06:39.400 Yeah for that. 0:06:39.480 --> 0:06:42.680 We're joined by Bloomberg's Michael Barr. Michael, good morning, Good 0:06:42.680 --> 0:06:46.120 morning John. Prosecutors in the federal corruption trial of New 0:06:46.200 --> 0:06:49.919 Jersey Democratic Senator Bob Menendez are expected to wrap up 0:06:49.960 --> 0:06:53.520 their closing arguments today in Manhattan, followed by the defense 0:06:54.160 --> 0:06:57.680 after more than seven weeks of testimony. Federal prosecutors tried 0:06:57.680 --> 0:07:01.320 to persuade the jury that Menendez accept hundreds of thousands 0:07:01.320 --> 0:07:05.200 of dollars in bribes. The prosecutor told the jury yesterday 0:07:05.240 --> 0:07:07.400 it wasn't enough for him to be one of the 0:07:07.400 --> 0:07:10.840 most powerful people in Washington. He also wanted to pile 0:07:10.960 --> 0:07:14.800 up riches for himself and his wife. Menendez has been 0:07:14.880 --> 0:07:19.160 charged with accepting gold bars, cash, a car, and mortgage 0:07:19.160 --> 0:07:22.880 payments in exchange for his help getting billions of dollars 0:07:22.960 --> 0:07:26.080 in military aid for Egypt. There are some good news 0:07:26.120 --> 0:07:29.920 about the Gateway rail tunnels between New York and New 0:07:30.000 --> 0:07:34.600 Jersey governors and senators took part in assigning ceremony yesterday 0:07:35.040 --> 0:07:38.400 in building the tunnels under the Hudson River that would 0:07:38.560 --> 0:07:42.840 upgrade the infrastructure between Penn Station and New Jersey and 0:07:43.000 --> 0:07:46.880 involves a six point eight billion dollar federal grant approved 0:07:46.920 --> 0:07:49.960 last week that allows the Gateway Development Commission to start 0:07:50.000 --> 0:07:54.160 awarding construction contracts. New York Governor Kathy Hukle. 0:07:54.320 --> 0:07:57.160 This is on the scale of the Erie Canal. 0:07:57.840 --> 0:08:00.800 That's the scale of what we're doing here. 0:08:01.120 --> 0:08:02.880 New Jersey Senator Corey Booker. 0:08:03.320 --> 0:08:07.760 In fact, a dollar in our regional infrastructure bring back 0:08:07.880 --> 0:08:10.000 four dollars of economic growth. 0:08:10.600 --> 0:08:14.880 Audio courtesy of ABC seven. The federal grant completes the 0:08:14.920 --> 0:08:18.400 eleven billion dollars in federal funding to build the sixteen 0:08:18.480 --> 0:08:22.000 billion dollar Gateway Rail Tunnel. Construction is expected to begin 0:08:22.160 --> 0:08:25.560 by early full This morning, jury selection begins in the 0:08:25.600 --> 0:08:29.120 trial of Alec Baldwin. The actor is charged with felony 0:08:29.160 --> 0:08:33.240 involuntary manslaughter over a deadly movie set shooting in Santa Fe, 0:08:33.240 --> 0:08:37.120 New Mexico. Loyola Law School professor Jessica Levinson. 0:08:37.120 --> 0:08:39.640 The key in jury selection is not to try and 0:08:39.679 --> 0:08:42.560 find people who have never heard of Alec Baldwin or 0:08:42.600 --> 0:08:45.160 have never heard about the tragedy on the rust set. 0:08:45.559 --> 0:08:48.440 The key is to fine jurors who can do their job, 0:08:48.559 --> 0:08:50.360 which is to look at the facts of the case 0:08:50.760 --> 0:08:53.240 and apply the rules to the facts. 0:08:53.679 --> 0:08:56.600 Baldwin was holding the gun when it fired, but maintains 0:08:56.600 --> 0:09:00.040 his innocence, saying he did not pull the trigger. I 0:09:00.160 --> 0:09:02.480 used twenty four hours a day and whenever you want 0:09:02.480 --> 0:09:04.720 it with the Bloomberg News. Now, I'm Michael Barr, and 0:09:04.760 --> 0:09:05.880 this is Bloomberg John. 0:09:06.000 --> 0:09:06.720 Michael, thank you. 0:09:10.559 --> 0:09:10.599 Y. 0:09:10.679 --> 0:09:12.959 It's now five to ten Wall straight ahead. That's time 0:09:12.960 --> 0:09:15.840 for the Bloomberg Sports Update. Good morning, John Steshawar. 0:09:15.880 --> 0:09:18.120 All right, Good morning John. Still three rounds to go 0:09:18.200 --> 0:09:20.800 at Wimbledon. Already this tournament has set a record for 0:09:20.920 --> 0:09:24.400 most five set matches, and eleven winners have come back 0:09:24.760 --> 0:09:26.080 from a two set deficit. 0:09:26.200 --> 0:09:27.840 It happened yesterday on center court. 0:09:27.880 --> 0:09:31.400 American Taylor Fritz rallied back to upset fourth seed and 0:09:31.480 --> 0:09:35.280 Sasha Zavera. Fritz won four six sixty seven six four 0:09:35.400 --> 0:09:36.640 seven six six two. 0:09:37.360 --> 0:09:38.959 I feel like I was still playing really well for 0:09:39.840 --> 0:09:41.600 being down two sets, so I was just thinking, like 0:09:41.640 --> 0:09:45.880 you know, it'd be it sucked to be playing this 0:09:46.000 --> 0:09:49.040 well and just losing three straights, so let's take the third. 0:09:49.200 --> 0:09:50.360 And then I was like, all right, let's you know. 0:09:50.400 --> 0:09:52.520 I took it one at a time, and I just 0:09:52.800 --> 0:09:55.400 had that belief. Even though I lost the first two sets, 0:09:55.440 --> 0:09:58.360 I really felt like I was playing playing really good tennis. 0:09:58.400 --> 0:10:02.000 So Fritz into the quarterfinals of face Lorenzo Mussetti tomorrow. 0:10:02.040 --> 0:10:04.480 He's one of three Italians still playing. And there are 0:10:04.520 --> 0:10:06.880 two Americans in the round of eight, first time since 0:10:06.920 --> 0:10:09.760 two thousand, Fritz and Tommy Paul, who today has to 0:10:09.760 --> 0:10:12.160 face the defending champion, Carlos Alcarez, with a lost by 0:10:12.240 --> 0:10:15.559 Danielle Collins. One American remains on the women's side. That's 0:10:15.600 --> 0:10:18.960 Emma Navarro. She's already beaten Naomi Osaka and Coco Goffin. 0:10:19.000 --> 0:10:21.760 Today in the quarters, Navarro takes on the French Open 0:10:21.800 --> 0:10:25.400 finalist Jasmine Plini. Mets lost eight two in Pittsburgh. Christian 0:10:25.400 --> 0:10:27.839 Scott gave up just one hit, but the Pirates pulled 0:10:27.840 --> 0:10:29.880 away on the Mets bullpen, so a split of the 0:10:29.920 --> 0:10:32.840 four game series. The two Pittsburgh wins were by a 0:10:32.880 --> 0:10:36.000 combined twenty two to four. Yankees played tonight at Tampa Bay. 0:10:36.000 --> 0:10:38.800 Carlos Dan could use a win. He was nine to 0:10:38.800 --> 0:10:40.960 two of an ERA under three. He's now lost his 0:10:41.080 --> 0:10:43.640 last four. His ERA is up to four and a half. 0:10:43.840 --> 0:10:46.360 Former Big League adfield the rajul Mondes he sentenced to 0:10:46.480 --> 0:10:50.200 six years in jail, convicted for embezzling five million dollars 0:10:50.200 --> 0:10:51.960 while he was the mayor of a city in the 0:10:51.960 --> 0:10:54.120 Dominican Republic. Mondassey of the National League Rooie of the 0:10:54.200 --> 0:10:56.520 Year in nineteen ninety four with the Dodgers, later played 0:10:56.520 --> 0:10:59.440 for the Yankees. Keegan Bradley named the captain the US 0:10:59.520 --> 0:11:02.240 Ryder Cup team next year at Bethpage Black on Long Island. 0:11:02.280 --> 0:11:05.719 He replaces Zach Johnson, whose US team was routed last 0:11:05.800 --> 0:11:09.480 year in Rome. John stash Aware Bloomberg Sports, John and Amy. 0:11:11.440 --> 0:11:15.480 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:15.679 --> 0:11:18.560 and around the world on Bloomberg dot Com and the 0:11:18.600 --> 0:11:22.600 Bloomberg Business app. This is Bloomberg Daybreak. 0:11:23.040 --> 0:11:26.320 Good Morning, I Made Morris. President Biden's physition doctor Kevin 0:11:26.360 --> 0:11:29.880 O'Connor released a statement saying the President has not undergone 0:11:29.920 --> 0:11:33.960 any special neurological tests since his annual physical in February. 0:11:34.280 --> 0:11:36.880 This as world leaders in NATO are gathering in Washington, 0:11:36.960 --> 0:11:39.400 d C. For their summit that begins today and lasts 0:11:39.440 --> 0:11:43.080 through Thursday. We're joined now by Bloomberg's Kevin Whitelaw with 0:11:43.120 --> 0:11:46.160 more about all of this, and Kevinet's the White House 0:11:46.240 --> 0:11:50.079 visitor logs that raised some eyebrows, showing several visits from 0:11:50.080 --> 0:11:52.680 a neurologist from Walter Reed, what's going on there? 0:11:53.320 --> 0:11:55.079 Well, you know, I don't think we know, other than 0:11:55.120 --> 0:11:59.360 the denials from the White House spokesman and the doctor 0:11:59.440 --> 0:12:01.840 about any special consultations. 0:12:01.920 --> 0:12:02.080 You know. 0:12:02.120 --> 0:12:05.520 I think the problem for Biden is obviously every one 0:12:05.600 --> 0:12:08.160 of these things is going to keep raising the questions 0:12:08.200 --> 0:12:12.839 about his health and about his age, and people, really, 0:12:12.880 --> 0:12:15.760 I think of lost trusted with the way white Houses 0:12:16.160 --> 0:12:20.280 address these things. People. Most people remember the letters that 0:12:21.240 --> 0:12:24.160 Donald Trump's physician wrote when he was president, and no 0:12:24.200 --> 0:12:26.440 one really believed most of what was in there either. 0:12:26.720 --> 0:12:30.480 So I think for Joe Biden, the struggle is how 0:12:30.480 --> 0:12:32.680 do you break out of a news cycle where every day, 0:12:32.720 --> 0:12:37.400 every moment, people are looking for signs of age, signs 0:12:37.440 --> 0:12:41.680 of declining health or mental ability, and every stumble, every slip, 0:12:41.760 --> 0:12:43.720 is going to be magnified a thousand times. 0:12:44.320 --> 0:12:46.840 And this is playing out on the world stage as well. 0:12:46.840 --> 0:12:49.679 And this week the world stage is in Biden's backyard. 0:12:49.760 --> 0:12:52.680 DC is hosting the NATO Summit this week. World leaders 0:12:52.679 --> 0:12:56.600 are gathering starting today. What are the optics there, I mean, 0:12:56.679 --> 0:12:57.920 are they even paying attention? 0:12:58.760 --> 0:13:00.760 Well, I think everyone's going to be pay paying attention 0:13:00.800 --> 0:13:04.079 to Joe Biden in particular. And and you know, it's 0:13:04.080 --> 0:13:06.160 sort of hard to disappear into the woodwork when you're 0:13:06.240 --> 0:13:08.360 a the President of the United States and be hosting 0:13:08.760 --> 0:13:11.000 the summit, and so he is going to be front 0:13:11.000 --> 0:13:12.720 and center. There's going to be some big moments. 0:13:13.400 --> 0:13:13.520 Uh. 0:13:13.840 --> 0:13:16.839 And you know European leaders, a number of them saw 0:13:16.920 --> 0:13:19.679 him somewhat recently in France for the D Day celebrations 0:13:19.679 --> 0:13:22.960 and there was some concern about a handful of moments 0:13:23.000 --> 0:13:25.319 during that. So people are gonna be watching this pretty 0:13:25.320 --> 0:13:29.319 closely to see if if he's able to project strength 0:13:29.360 --> 0:13:32.640 and dynamism. You won't be the only one on the 0:13:32.679 --> 0:13:34.800 people are watching. There's a couple of other European leaders 0:13:34.800 --> 0:13:39.199 that are also coming with somewhat damaged political standing, particularly 0:13:39.480 --> 0:13:44.400 Francis Emmanuel McCraw after an election there. But but I 0:13:44.400 --> 0:13:45.960 think most of the eyes are actually going to be 0:13:45.960 --> 0:13:47.240 on Joe Biden. 0:13:47.280 --> 0:13:50.360 Right, You're you're right about that. France and Germany facing 0:13:50.440 --> 0:13:54.160 leadership optics, rather concerned about some of their domestic issues 0:13:54.200 --> 0:13:56.439 that are going on. But at the same time, this 0:13:56.600 --> 0:13:59.640 meeting was designed to sort of show this world unity 0:13:59.720 --> 0:14:03.720 again against Russian and Vladimir Putin aggression and to send 0:14:03.720 --> 0:14:06.000 a warning to China. Will they be able to accomplish that. 0:14:07.200 --> 0:14:09.800 They're certainly going to try. They were hoping to come 0:14:09.840 --> 0:14:13.920 out of the summit with a very strong, clear, specific 0:14:14.040 --> 0:14:19.160 pledge of aid to Ukraine at least forty you know, 0:14:19.240 --> 0:14:20.880 forty billion years. 0:14:22.800 --> 0:14:23.240 A year. 0:14:23.360 --> 0:14:26.320 That's not gonna it's going to be a slightly watered 0:14:26.360 --> 0:14:29.840 down version of that because procedurally and politically they were 0:14:29.840 --> 0:14:31.680 a handful of countries that weren't able to give a 0:14:31.720 --> 0:14:34.280 super firm commitment. So there's going to be a little 0:14:34.280 --> 0:14:37.480 bit of squiggliness around that one. But obviously I think 0:14:37.480 --> 0:14:41.200 they are going to try to project all of that strength. 0:14:41.240 --> 0:14:43.680 But with the US election looming and the possibility of 0:14:44.120 --> 0:14:48.000 Donald Trump being president next year, it's pretty hard for 0:14:48.000 --> 0:14:50.560 the United States in particular to make any promises to 0:14:50.640 --> 0:14:53.040 Ukraine beyond beyond this counter year. 0:14:53.360 --> 0:14:55.800 Got about a minute here, Kevin. What would be considered 0:14:55.800 --> 0:14:59.000 a success out of this NATO meeting? You know? 0:14:59.040 --> 0:15:02.720 I think if they're a able to make all of 0:15:02.720 --> 0:15:06.400 those pledges sound as firm as they as they can 0:15:06.520 --> 0:15:09.480 be and project strength, that's about all they can hope for. 0:15:09.560 --> 0:15:11.240 But most everyone's going to be able to read between 0:15:11.280 --> 0:15:14.480 the lines, and so I think for most people it's 0:15:14.480 --> 0:15:16.760 really going to be a question of how is Joe 0:15:16.760 --> 0:15:21.280 Biden doing, Is he looking strong, is he looking fit? 0:15:22.280 --> 0:15:26.160 And is anybody at all able to get through to 0:15:26.240 --> 0:15:30.400 him and change his mind about running for reelection. 0:15:31.200 --> 0:15:34.600 You're listening to Bloomberg Daybreak today, your morning brief on 0:15:34.640 --> 0:15:38.480 the stories making news from Wall Street to Washington and beyond. 0:15:38.640 --> 0:15:40.920 Look for us on your podcast feed by six am 0:15:41.040 --> 0:15:44.760 Eastern each morning, on Apple's Spotify and anywhere else you 0:15:44.800 --> 0:15:45.920 get your podcasts. 0:15:46.000 --> 0:15:49.200 You can also listen live each morning starting at five 0:15:49.280 --> 0:15:52.400 am Wall Street time on Bloomberg eleven three to zero 0:15:52.480 --> 0:15:55.640 in New York, Bloomberg ninety nine to one in Washington, 0:15:56.040 --> 0:16:00.400 Bloomberg one sixty one in Boston, and Bloomberg nine in 0:16:00.440 --> 0:16:01.240 San Francisco. 0:16:01.400 --> 0:16:04.040 Our flagship New York station is also available on your 0:16:04.080 --> 0:16:08.760 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus. 0:16:09.000 --> 0:16:12.440 Listen coast to coast on the Bloomberg Business app, Sirius 0:16:12.640 --> 0:16:16.200 XM Channel one nineteen and on Bloomberg dot Com. 0:16:16.360 --> 0:16:18.800 I'm Amy Morris and I'm John Tucker. Join us again 0:16:18.800 --> 0:16:20.880 tomorrow morning for all the news you need to start 0:16:20.920 --> 0:16:23.240 your day right here on Bloomberg Dape break