India Election in Focus; UK Debate Reaction

Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan 0:00:12.119 --> 0:00:15.080 Hager and I'm Karen Moscow. Here are the stories we're 0:00:15.120 --> 0:00:16.360 following today chreing. 0:00:16.400 --> 0:00:19.520 We begin with an update on the political landscape in India. 0:00:19.680 --> 0:00:23.880 Narendra Modi has vowed to continue as Prime minister despite 0:00:23.960 --> 0:00:27.720 his party losing its majority in parliament. Modi will now 0:00:27.760 --> 0:00:30.120 need to rely on allies to form a government for 0:00:30.160 --> 0:00:33.080 the first time in a decade. Former Governor of the 0:00:33.080 --> 0:00:36.680 Indian Central Bank, rogram rajohn says the situation will be 0:00:36.760 --> 0:00:38.760 more positive for Indian citizens. 0:00:39.320 --> 0:00:43.120 It forces India to choose a different course from the 0:00:43.120 --> 0:00:45.800 one it has been on, a course which has led 0:00:45.880 --> 0:00:51.839 to much wider unemployment and distress than needed in the country. 0:00:52.080 --> 0:00:55.120 Rograam Raja, now professor at the University of Chicago's Booth 0:00:55.160 --> 0:00:58.920 School of Business, spoke to Bloomberg's Surveillance. Stocks in India 0:00:59.000 --> 0:01:02.760 fell almost percent yesterday. This morning, they are up two 0:01:02.760 --> 0:01:03.720 and a half percent. 0:01:04.160 --> 0:01:07.120 Well. In the UK, Nathan British Prime Minister Rishi's Sunnak 0:01:07.160 --> 0:01:11.280 in opposition of Labor Party leader kir Starmer smart over taxes, 0:01:11.520 --> 0:01:13.920 the cost of living and the country's health system, and 0:01:13.959 --> 0:01:16.319 a televised debate ahead of the July fourth election. 0:01:16.920 --> 0:01:17.880 You gov Paul. 0:01:17.720 --> 0:01:20.720 Found that Sunnak narrowly came out on top by fifty 0:01:20.720 --> 0:01:24.040 one percent of forty nine. Patrick English is their director 0:01:24.080 --> 0:01:26.160 of political analytics. 0:01:26.560 --> 0:01:29.160 The public are very clearly split on who won this debate. 0:01:29.400 --> 0:01:31.360 And if you're rich Sunak, I think that that's quite 0:01:31.400 --> 0:01:33.319 a good thing considering the point of my people we 0:01:33.360 --> 0:01:35.880 put out yesterday. So just a liberal course for a landslide, 0:01:35.920 --> 0:01:37.160 I think you look at that and say, well, this 0:01:37.240 --> 0:01:39.480 is quite good for me. However, perhaps not quite a 0:01:39.560 --> 0:01:41.640 knockout blow that he might be looking for to really 0:01:41.680 --> 0:01:42.880 turn this campaign around. 0:01:43.200 --> 0:01:46.319 Both contenders said they would maintain Written's close ties with 0:01:46.360 --> 0:01:49.200 the United States if Donald Trump wins in November. 0:01:49.480 --> 0:01:52.400 Before that, Karen, there are primary races. We've had more 0:01:52.400 --> 0:01:56.320 of those in five states plus the district of Columbia. 0:01:56.760 --> 0:02:00.000 The biggest race from Tuesday night, though, was in New Jersey. 0:02:00.200 --> 0:02:03.200 Democrats are looking to hold on to umbattled Senator Bob 0:02:03.240 --> 0:02:07.040 Menendez's seat, and their candidate will be Congressman Andy Kim. 0:02:07.200 --> 0:02:10.560 He won his race in a landslide with seventy five 0:02:10.639 --> 0:02:11.680 percent of the vote. 0:02:11.840 --> 0:02:13.760 What I always wanted to do with this race. 0:02:13.840 --> 0:02:16.640 When I jumped in the day after the indictment of 0:02:16.639 --> 0:02:18.960 Senate Menendez was about giving the people in. 0:02:18.919 --> 0:02:20.000 New Jersey a choice. 0:02:20.120 --> 0:02:23.960 And Andy Kim will face Republican real estate developer Curtis Bashaw. 0:02:24.080 --> 0:02:28.000 He defeated a Trump endorsed candidate, Christine Serano Glasner by 0:02:28.080 --> 0:02:31.120 seven percentage points with forty five point six percent of 0:02:31.160 --> 0:02:35.359 the Republican vote. Menendez has filed for reelection as an independent, 0:02:35.680 --> 0:02:37.720 but Kim is heavily favored to win. 0:02:37.840 --> 0:02:38.520 In November. 0:02:39.040 --> 0:02:41.560 Well Nathan in another rage that could tip the balance 0:02:41.560 --> 0:02:44.799 of power in the Senate, Montana Democrat John Tester will 0:02:44.800 --> 0:02:47.800 face Republican newcomber Tim Sheehey in a fight to hold 0:02:47.840 --> 0:02:51.040 onto his seat. The Trump back former Navy seal won 0:02:51.160 --> 0:02:54.200 his primary in a landslide with the seventy three point 0:02:54.280 --> 0:02:56.920 six percent of the vote. Tester cruz to victory with 0:02:57.000 --> 0:03:00.120 ninety seven point one percent in the Democratic primary. 0:03:00.520 --> 0:03:04.440 Well President Biden Karen has signed a series of executive 0:03:04.480 --> 0:03:07.720 actions aimed at curbing the number of asylum seekers at 0:03:07.760 --> 0:03:11.480 the US southern border. Bloomberg Zamy Morris reports from Washington. 0:03:12.160 --> 0:03:14.760 Under the executive actions, at the number of migrants who 0:03:14.760 --> 0:03:17.840 reached the southern border hit twenty five hundred over seven 0:03:17.919 --> 0:03:21.160 consecutive days. The president has the authority to shut down 0:03:21.200 --> 0:03:24.440 border entry, but President Biden says that does not apply 0:03:24.520 --> 0:03:27.440 to those seeking asylum through legal ports of entry. 0:03:27.560 --> 0:03:30.760 If individual chooses not to use our legal pathways, if 0:03:30.800 --> 0:03:34.000 they choose to come without permission and against the law, 0:03:34.400 --> 0:03:37.240 they'll be restricted from receiving an asylum and staying in 0:03:37.240 --> 0:03:38.040 the United States. 0:03:38.200 --> 0:03:38.360 Well. 0:03:38.360 --> 0:03:40.480 Because the numbers are already so high, the rule is 0:03:40.560 --> 0:03:43.560 in effect and migrants are being turned away. Republicans call 0:03:43.600 --> 0:03:47.040 the order too little, too late. Progressives call the move draconian. 0:03:47.360 --> 0:03:49.720 In Washington, Amy Morris Bloomberg Radio. 0:03:49.640 --> 0:03:52.520 All right, Amy, thanks now. President Biden is shifting his 0:03:52.640 --> 0:03:57.040 focus from immigration to international relations. The President has arrived 0:03:57.080 --> 0:03:59.480 in France for a four day visit that will include 0:03:59.480 --> 0:04:02.080 a serum he's marking eighty years since the D Day 0:04:02.120 --> 0:04:05.000 invasion in Normandy during World War II, and a state 0:04:05.120 --> 0:04:08.640 visit with President at Manuel mccron on Saturday. The president 0:04:08.760 --> 0:04:12.160 also plans to meet with Ukrainian President Vladimir Zelenski on 0:04:12.200 --> 0:04:15.160 the sidelines of the D Day event tomorrow. He's skipping 0:04:15.200 --> 0:04:18.360 a Ukraine piece summit in Switzerland later this month to 0:04:18.400 --> 0:04:21.599 attend a previously scheduled fundraiser in Los Angeles. 0:04:21.800 --> 0:04:25.520 As for former President Trump, Karen his defense team is 0:04:25.560 --> 0:04:29.080 asking New York Justice One Vershan to lift his gag 0:04:29.200 --> 0:04:31.080 order in the hush money case. 0:04:31.400 --> 0:04:33.520 Bloomberg's Ed Baxter reports. 0:04:33.720 --> 0:04:36.360 Trump's team is arguing that the limits on speech are 0:04:36.440 --> 0:04:39.960 no longer needed with the trial over, saying the reasons 0:04:40.000 --> 0:04:43.719 for it no longer exist. Lead Attorney Todd Blanche argues 0:04:43.760 --> 0:04:46.719 that it is very important in light of President Joe 0:04:46.720 --> 0:04:50.000 Biden's comments about the conviction after the verdict, as well 0:04:50.040 --> 0:04:54.200 as social media posts by witnesses Stormy Daniels and Michael Cohen. 0:04:54.600 --> 0:04:58.160 There's been no response from the Manhattan District Attorney's Office. 0:04:58.520 --> 0:05:00.400 Ed Baxter Bloomberg Radio, all. 0:05:00.320 --> 0:05:01.040 Right, thank you. 0:05:01.160 --> 0:05:05.359 Sticking with politics. Ray Dalio said internal conflicts will be 0:05:05.400 --> 0:05:09.040 the highlight of this year. The founder of Bridgewater Associates 0:05:09.080 --> 0:05:11.440 made the comments during a video speech at the Greenwich 0:05:11.520 --> 0:05:13.560 Economic Forum in Hong Kong today. 0:05:14.160 --> 0:05:19.000 How will particularly the elections in the United States go, 0:05:20.480 --> 0:05:23.799 You know, there are two questions related to that. Will 0:05:23.839 --> 0:05:29.360 the elections be accepted by both sides? And what are 0:05:29.480 --> 0:05:34.440 the consequences of that, we honestly don't know the answer. 0:05:36.000 --> 0:05:37.440 There are reasons for concern. 0:05:37.960 --> 0:05:40.839 Ray Dalio added the policies from an administration run by 0:05:40.920 --> 0:05:43.880 Donald Trump would be very different from a Democratic one. 0:05:44.080 --> 0:05:47.359 Turin the markets, Karen Fed raid cuts remain in focus 0:05:47.440 --> 0:05:50.479 as treasury yields come off their largest two day drop 0:05:50.600 --> 0:05:54.040 of the year. For more, let's bring in Bloomberg's John Tucker, John. 0:05:54.000 --> 0:05:56.120 And Nathan is happening because of signs of the US 0:05:56.240 --> 0:05:59.560 economy is cooling off. So far this week, we've seen 0:05:59.600 --> 0:06:02.400 weak now in a manufacturer engage and a bigger than 0:06:02.440 --> 0:06:05.159 extent to drop in US job openings. They in fact 0:06:05.160 --> 0:06:08.040 show the lowest level in over three years, a slide 0:06:08.080 --> 0:06:10.960 of at least fifteen basis points since Monday. That was 0:06:11.000 --> 0:06:14.000 the story for five, ten, and thirty year treasury yields. 0:06:14.400 --> 0:06:17.400 The data also prompting traders to price in higher odds 0:06:17.600 --> 0:06:21.480 of Federal Reserve indust rate cuts beginning as soon as November. 0:06:22.040 --> 0:06:24.400 The Fed may offer some hints of their next move 0:06:24.440 --> 0:06:27.080 when they meet next week. Ahead of that meeting, the 0:06:27.200 --> 0:06:29.679 US employment report for May that's going to be released 0:06:29.760 --> 0:06:32.960 this Friday, and May inflation data is do for release 0:06:33.080 --> 0:06:36.120 a week from today two year yields right now four 0:06:36.279 --> 0:06:39.080 seventy eight. That's actually up one basis point. The ten 0:06:39.160 --> 0:06:42.120 year up one basis point at four thirty four. I'm 0:06:42.200 --> 0:06:43.839 John Tucker, Bloomberg Radio. 0:06:44.240 --> 0:06:46.160 All right, John, thank you well on the equity front. 0:06:46.200 --> 0:06:49.640 Shares of Hewlett Packard Enterprise up about fifteen percent in 0:06:49.720 --> 0:06:52.240 early trading. The company are reported revenue that meet at 0:06:52.320 --> 0:06:55.320 LS estimates. We get the story from Bloomberg's Charlie Pellett. 0:06:55.760 --> 0:06:58.960 HPE saw a big jump in sales of servers built 0:06:58.960 --> 0:07:04.000 to handle artificial intelligence work. The company's server business generated 0:07:04.080 --> 0:07:07.960 sales of three point eight seven billion dollars. Analysts on 0:07:08.040 --> 0:07:11.800 average estimated three point four to five billion. Sales of 0:07:12.040 --> 0:07:16.000 AI oriented systems doubled to more than nine hundred million 0:07:16.040 --> 0:07:19.680 dollars compared with the first quarter. CEO Antonio Neri said 0:07:19.680 --> 0:07:23.640 increased demand and better availability of high powered semiconductors from 0:07:24.040 --> 0:07:27.920 Nvidia led to the jump in AI system sales in 0:07:28.040 --> 0:07:31.119 New York. Charliet Bloomberg Radio, Thanks Charlie. 0:07:31.160 --> 0:07:33.480 And Intel has agreed to sell a stake and adventure 0:07:33.520 --> 0:07:37.160 that controls a plant in Ireland to Apollo Global Management. 0:07:37.200 --> 0:07:39.360 The price tag eleven billion dollars. 0:07:39.400 --> 0:07:41.840 The sale will help Intel bring in more external funding 0:07:42.080 --> 0:07:44.640 for a massive expansion of its factory network. 0:07:47.720 --> 0:07:48.720 And it's time to offer. 0:07:48.600 --> 0:07:50.360 Look at some of the other stories making news in 0:07:50.400 --> 0:07:52.520 New York and around the world. For that, we're joined 0:07:52.520 --> 0:07:55.280 by Bloomberg's Michael Barr Michael, good Morning. 0:07:55.080 --> 0:07:58.480 Good Morning, Karen. Witness testimony is expected to continue today 0:07:58.520 --> 0:08:02.720 in Hunter Biden's gun truple. Federal prosecutors spent hours showing 0:08:02.760 --> 0:08:06.240 juror's evidence of his drug problem. There, seeking to show 0:08:06.280 --> 0:08:08.440 his addiction was still going on when he bought a 0:08:08.480 --> 0:08:12.280 firearm and lied on a form to purchase it. Hunter 0:08:12.360 --> 0:08:15.280 Biden's ex wife is expected to be among the witnesses 0:08:15.320 --> 0:08:18.040 to take the stand. She was married to President Joe 0:08:18.080 --> 0:08:22.480 Biden's son for twenty years. Hunter Biden is pleaded not guilty. 0:08:22.840 --> 0:08:26.080 We're learning more about a potential disaster avoided on the 0:08:26.120 --> 0:08:28.880 ground at one of the busiest airports in the country. 0:08:29.160 --> 0:08:32.080 Two airlines came within hundreds of feet of one another 0:08:32.240 --> 0:08:35.920 at New York's Kennedy Airport in January of last year. 0:08:36.559 --> 0:08:40.920 NTSB investigators say air traffic controllers cleared a Delta seven 0:08:40.920 --> 0:08:44.480 point thirty seven for takeoff However, twenty seconds after the 0:08:44.520 --> 0:08:48.120 Delta plane the gan it's takeoff, an American Airlines Triple 0:08:48.240 --> 0:08:52.320 seven destined for London, crossed the same runway without a clearance. 0:08:52.840 --> 0:08:56.920 Stephen Abram is a retired JFK air traffic controller. Luckily, 0:08:57.720 --> 0:09:01.640 his reaction time was rapid, and White cruise reaction time 0:09:01.720 --> 0:09:05.040 was also rapid, which prevented something worse from happening. The 0:09:05.160 --> 0:09:09.840 NTSB said numerous factors contributed to the American Airlines captain's mistake, 0:09:10.360 --> 0:09:15.040 including interruptions and multitasking during critical moments of ground navigation. 0:09:15.600 --> 0:09:18.840 The captain later, they're told investigators, I lose sleep over 0:09:18.840 --> 0:09:21.600 this one because I can't figure out why I missed 0:09:21.640 --> 0:09:26.160 the turn. Republicans on the House Judiciary Committee fired questions 0:09:26.360 --> 0:09:30.080 at Attorney General Merrick Garland over certain claims about how 0:09:30.120 --> 0:09:34.760 the Department of Justice operates. Garland rebuked Republican claims that 0:09:34.800 --> 0:09:39.200 the DOJ is being weaponized. Garland says law enforcement officials 0:09:39.200 --> 0:09:44.040 are facing increased threats in part due to Republicans accusations 0:09:44.080 --> 0:09:47.520 and rhetoric about DOJ investigations and trials. 0:09:47.840 --> 0:09:51.080 It worked to combat a worrying spike of threats of 0:09:51.160 --> 0:09:55.120 violence against those who serve the public. Those threats have 0:09:55.200 --> 0:10:02.120 included targeting of members of Congress, police officers, judges, jurors, 0:10:02.280 --> 0:10:06.360 election workers, and the Justice Department's own employees. 0:10:06.920 --> 0:10:09.640 Garland faces the threat of being held in contempt by 0:10:09.679 --> 0:10:13.520 House Republicans for refusing to release the audio of President 0:10:13.520 --> 0:10:16.720 Biden's interview with the Special Consul over Biden's handling of 0:10:16.720 --> 0:10:21.040 classified documents. The written interview was released earlier Global News 0:10:21.080 --> 0:10:23.600 twenty four hours a day and whenever you want it 0:10:23.640 --> 0:10:26.880 with Bloomberg News Now. I'm Michael Barr, and this is 0:10:26.960 --> 0:10:27.880 Bloomberg Karen. 0:10:28.200 --> 0:10:34.880 All right, Michael Barr, thank you time now for the 0:10:34.880 --> 0:10:38.559 Bloomberg Sports Update. Here's Don stash Hour, John, good morning. 0:10:38.320 --> 0:10:40.440 Good morning. Caring about enough of the Minnesota Twins. They 0:10:40.440 --> 0:10:43.080 can never seem to beat the Yankees. That's been going 0:10:43.120 --> 0:10:45.440 on for a couple of decades now, and this season 0:10:45.480 --> 0:10:48.280 the Yanks four and oh versus Minnesota by a combined 0:10:48.280 --> 0:10:49.560 score of nineteen to two. 0:10:49.640 --> 0:10:52.600 But also the Twins had Luis Heel in their. 0:10:52.520 --> 0:10:55.360 Organization and they treated under the Yankees, and Heel has 0:10:55.400 --> 0:10:57.480 been the best picture in baseball the past month at 0:10:57.480 --> 0:10:59.280 the stadium went six in in is allowed only won 0:10:59.360 --> 0:11:01.559 it the Yanks five to one victory. 0:11:01.600 --> 0:11:03.400 Heels manager is Aaron Boom. 0:11:03.679 --> 0:11:05.240 It's just hard to get a hit off of him. 0:11:06.480 --> 0:11:09.760 It's just his stuff really plays. You know, the fastball 0:11:09.920 --> 0:11:12.439 is real. The hitters show you that every time and then, 0:11:12.960 --> 0:11:15.319 but you see just how good his changeup is and 0:11:15.760 --> 0:11:20.800 the change up's been, you know, a genuine a second 0:11:20.800 --> 0:11:22.479 pitch factor for him. 0:11:22.880 --> 0:11:23.880 Pretty much every start. 0:11:24.000 --> 0:11:26.400 Yanks got home runs in Flavor Torres, Johnny Carlos, Stan 0:11:26.480 --> 0:11:28.400 Aaron Judge, two on double. Yanks have won six in 0:11:28.440 --> 0:11:30.840 a row, Mets one in Washington six to three, they 0:11:30.920 --> 0:11:33.280 let five to one. Nothing easy for the Mets. Nationals 0:11:33.280 --> 0:11:34.800 have the sign run out the play of the Ninthenny 0:11:34.800 --> 0:11:37.000 and home runs for Harrison Vader, a long one for 0:11:37.000 --> 0:11:40.920 Pete a Lonzo Wnba the Liberty after beating Caitlin Clark 0:11:40.960 --> 0:11:43.439 and the Fever by thirty six, being Angel Reese and 0:11:43.520 --> 0:11:46.800 the Sky eighty eight seventy five. Rianna Stewart scored thirty 0:11:46.800 --> 0:11:48.599 three and Reese was ejective in the fourth quarter, so 0:11:48.600 --> 0:11:51.040 you got two technicals. The NBA Finals begins tomorrow night 0:11:51.040 --> 0:11:54.840 in Boston, Celtics and maz and Boston's christophs Ferzinga says 0:11:54.880 --> 0:11:57.079 he is going to play first time since early in 0:11:57.120 --> 0:11:59.320 the playoffs when he heard his CAF he used to 0:11:59.320 --> 0:12:02.360 play for dall us only one men's quarterfinal at the 0:12:02.400 --> 0:12:05.800 French Open today because Novak Djokovic withdrew with a knee injury, 0:12:05.880 --> 0:12:08.160 so Casper Rude moves on. It means none of the 0:12:08.200 --> 0:12:10.199 players still in the men's field. They've ever won the 0:12:10.200 --> 0:12:11.120 French Open before. 0:12:11.520 --> 0:12:13.199 John stash that we're Bloomberg's points. 0:12:13.240 --> 0:12:13.800 Karen d. 0:12:16.200 --> 0:12:20.360 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:20.440 --> 0:12:23.320 and around the world on Bloomberg dot Com and the 0:12:23.360 --> 0:12:26.800 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:26.960 --> 0:12:29.080 Good morning on Nathan Hagar on a busy morning for 0:12:29.120 --> 0:12:32.800 global politics, with coalition talks underway in India as Prime 0:12:32.840 --> 0:12:36.400 Minister Narendra Modi fights to hold onto power. UK Prime 0:12:36.400 --> 0:12:39.480 Minister Rishi Sunak and labor leader kir Starmer holding their 0:12:39.520 --> 0:12:42.600 first debate ahead of the next month's election, and President 0:12:42.600 --> 0:12:45.360 Biden now in Paris for D Day observances and talks 0:12:45.400 --> 0:12:48.480 with the President of Ukraine. Let's bring in Bloomberg Europe, 0:12:48.480 --> 0:12:51.600 Middle East and Africa. News Director Roslin mathieson for more 0:12:51.640 --> 0:12:54.240 on these stories. Roscim Mordy get us up to speed 0:12:54.320 --> 0:12:57.079 on what's happening in India, because we've seen headlines crossing 0:12:57.080 --> 0:12:59.880 the Bloomberg terminal that Narendra Modi could be sworn in 0:12:59.920 --> 0:13:02.040 for a third term as soon as this weekend. 0:13:02.040 --> 0:13:05.080 Where do coalition talks stand. Well, that's right. 0:13:05.120 --> 0:13:07.760 They're trying to hurry things up to reassure markets and 0:13:07.800 --> 0:13:10.600 people in general that Modi is still in charge and 0:13:10.640 --> 0:13:13.160 will soon be back in the chair. But he does 0:13:13.280 --> 0:13:17.160 have these difficult negotiations going on today in New Delhi 0:13:17.240 --> 0:13:20.600 with two of his key alliance partners. And these are 0:13:20.679 --> 0:13:24.000 veteran politicians of big states who have pulled out of 0:13:24.000 --> 0:13:27.000 his alliance before and come back. So they're a bit fickle, 0:13:27.360 --> 0:13:29.079 one could say, and no doubt they're going to be 0:13:29.120 --> 0:13:32.560 ready to drive a hard bargain in order to promise 0:13:32.559 --> 0:13:36.040 their loyalty to him. They are saying publicly their intent 0:13:36.160 --> 0:13:38.080 is to work with him to form a government, but 0:13:38.160 --> 0:13:41.400 no doubt behind the scenes they'll be negotiating heavily to 0:13:41.480 --> 0:13:44.920 do so. So if they do stick, that means that 0:13:44.960 --> 0:13:48.040 Mody does have enough seats in total in his alliance 0:13:48.080 --> 0:13:51.280 to form that government, although either way it'll be a 0:13:51.320 --> 0:13:55.160 pretty tricky, pretty unstable administration potentially, and that's a change 0:13:55.440 --> 0:13:57.680 for Mody, who's used to being very much in the 0:13:57.760 --> 0:14:02.640 driver's seat. This government will be fractious potentially, and you're 0:14:02.679 --> 0:14:04.000 going to see a lot of horse training that will 0:14:04.040 --> 0:14:06.880 go on well beyond the formation of the government and 0:14:06.880 --> 0:14:09.679 that will probably keep markets at least on their toes 0:14:09.800 --> 0:14:11.800 for a while. So there'll be question marks about the 0:14:11.880 --> 0:14:15.080 durability of it either way. But certainly what we're waiting 0:14:15.120 --> 0:14:17.880 to see is the outcome of those negotiations that are 0:14:17.920 --> 0:14:19.880 currently underway New Delhi as we speak. 0:14:20.200 --> 0:14:21.280 What do you think the outcome is. 0:14:21.320 --> 0:14:25.480 Following last night's first debate in the UK for Sunak 0:14:25.520 --> 0:14:26.400 and Starmer. 0:14:27.120 --> 0:14:29.960 What was interesting to watch the debate because obviously Richie Sennet, 0:14:30.000 --> 0:14:33.000 the Prime Minister, is very much on the back foot 0:14:33.040 --> 0:14:37.120 here into this election. His Conservative Party is trailing quite 0:14:37.120 --> 0:14:39.960 badly in the polls and all the opinion polls appointing 0:14:40.920 --> 0:14:43.760 by a big surprise to a Labor victory. The question 0:14:43.880 --> 0:14:46.920 is the margin potentially of that Labor victory. So it's 0:14:46.960 --> 0:14:49.160 really for Suna to try and make up this ground 0:14:49.320 --> 0:14:52.000 in these debates, and it does seem as though he 0:14:52.120 --> 0:14:55.320 landed some blows, particularly talking about what he said was 0:14:55.360 --> 0:14:57.800 going to be a tax hit to households of two 0:14:57.840 --> 0:15:00.560 thousand pounds if Labor is a and in fact he 0:15:00.640 --> 0:15:03.400 said two thousand pounds about a dozen times at least 0:15:03.440 --> 0:15:06.280 that we counted in the debate. I mean, Labor says 0:15:06.280 --> 0:15:08.840 that that figure is false, of course, but it does 0:15:08.840 --> 0:15:11.720 seem to be resonating a bit with voters. The question 0:15:11.800 --> 0:15:13.680 is did he do enough in that debate to really 0:15:13.720 --> 0:15:16.560 move the needle. It doesn't seem so. Most of the 0:15:16.600 --> 0:15:19.480 polls done afterwards show that maybe Sinak had a slight 0:15:19.600 --> 0:15:22.560 edge in the debate, but not a significant one, and 0:15:22.680 --> 0:15:26.320 some scored when it came, you know, coming across as 0:15:26.320 --> 0:15:30.280 credible as empathic with voters in the debate so soon. 0:15:30.320 --> 0:15:32.720 It probably needed to do more than that to move 0:15:32.720 --> 0:15:35.640 the needle. We've still got about a month out into 0:15:35.680 --> 0:15:38.200 the election, We've got more debates to come, but it 0:15:38.240 --> 0:15:40.120 seems like what they're really going to be fighting over 0:15:40.160 --> 0:15:43.280 a two key topics. One is the economy and taxes, 0:15:43.280 --> 0:15:44.800 and the other one's going to be migration. 0:15:45.280 --> 0:15:47.000 Thirty seconds left ros what shall we be? 0:15:47.000 --> 0:15:49.560 Were watching for as President Biden arrives in Paris. 0:15:50.760 --> 0:15:52.400 Well, he's actually got not much, i think on the 0:15:52.440 --> 0:15:55.120 schedule until tomorrow when he's going to join other leaders 0:15:55.120 --> 0:15:58.440 for the anniversary of the D Day landings at Norman Dy. 0:15:58.520 --> 0:16:01.680 You've got leaders from other going there also, and then 0:16:01.800 --> 0:16:04.359 he's set to it seems to have a separate conversation 0:16:05.480 --> 0:16:08.400 with mccron and also he's going to meet the Ukrainian 0:16:09.240 --> 0:16:12.360 leader of Lonimi Zelinsky a couple of times, both in 0:16:12.400 --> 0:16:15.400 France and then at the G seven meeting in Italy 0:16:15.440 --> 0:16:18.360 that's coming soon. So it's going to be probably again 0:16:18.400 --> 0:16:21.360 about trying to shore up that sense of global support 0:16:21.880 --> 0:16:25.840 for Ukraine. Probably some delicate conversations with the Europeans about 0:16:26.280 --> 0:16:30.080 aid including weapons on that front, and no doubt some 0:16:30.120 --> 0:16:33.760 conversations also about the situation in the Middle East. So 0:16:33.840 --> 0:16:36.040 there'll be a number of broad topics on the agenda 0:16:36.080 --> 0:16:38.920 for those conversations Ukraine, the Middle East, and China. 0:16:39.080 --> 0:16:41.960 This is Bloomberg day Break Today, your morning brief on 0:16:42.040 --> 0:16:45.680 the story's making news from Wall Street to Washington and beyond. 0:16:45.840 --> 0:16:48.600 Look for us on your podcast feed at six am 0:16:48.680 --> 0:16:52.360 Eastern each morning, on Apple, Spotify, and anywhere else you 0:16:52.400 --> 0:16:53.520 get your podcasts. 0:16:53.720 --> 0:16:56.400 You can also listen live each morning starting at five 0:16:56.440 --> 0:16:59.040 am Wall Street Time, on Bloomberg eleven three to zero 0:16:59.080 --> 0:17:02.720 in New Yorkloomberg ninety nine one in Washington, Bloomberg one 0:17:02.720 --> 0:17:05.800 oh sixty one in Boston, and Bloomberg ninety sixty in 0:17:05.880 --> 0:17:06.679 San Francisco. 0:17:07.040 --> 0:17:10.200 Our flagship New York station is also available on your 0:17:10.240 --> 0:17:15.320 Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty. 0:17:15.359 --> 0:17:18.280 Plus listen coast to coast on the Bloomberg Business app, 0:17:18.359 --> 0:17:22.359 Seriusxmbiheartradio app, and on Bloomberg dot com. 0:17:22.359 --> 0:17:24.480 I'm Nathan Hager and I'm Karen Moscow. 0:17:24.680 --> 0:17:27.439 Join us again tomorrow morning for all the news you 0:17:27.560 --> 0:17:30.760 need to start your day right here on Bloomberg Daybreak