Latest Trump-Harris Poll; Traders Ready for PCE

Bloomberg Daybreak: US Edition

On today's podcast:

1) A new Bloomberg News/Morning Consult poll shows sustained momentum for Kamala Harris' presidential campaign

2) Traders are closely watching the Fed's favored inflation gauge

3) Intel weighs splitting its businesses in a bid to stem lossesĀ 

See omnystudio.com/listener for privacy information.

2024-08-30 17 min Transcript

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Bloomberg Audio Studios, Podcasts, Radio News. 0:00:09.800 --> 0:00:11.560 Good Morning, I'm Nathan Hager. 0:00:11.480 --> 0:00:14.720 And I'm Karen Moscow. Here are the stories we're following today. 0:00:14.920 --> 0:00:17.440 Karen, we begin with the latest on the presidential race 0:00:17.520 --> 0:00:21.040 and a new poll showing sustained momentum for Vice President 0:00:21.120 --> 0:00:25.480 Kamala Harris's campaign. The Bloomberg News Morning Consult survey shows 0:00:25.520 --> 0:00:29.000 Harris leading former President Donald Trump by two percentage points 0:00:29.040 --> 0:00:32.680 among registered voters in the seven states likely to decide 0:00:32.680 --> 0:00:35.880 the election. The poll shows Harris ahead by one point 0:00:35.880 --> 0:00:37.040 among likely voters. 0:00:37.080 --> 0:00:38.720 That is a statistical dead heat. 0:00:39.040 --> 0:00:41.600 The margin of error is one percentage point across the 0:00:41.640 --> 0:00:44.559 seven states, but Bloomberg's Kaylee Line says for Harris, the 0:00:44.600 --> 0:00:46.400 results are a big momentum swing. 0:00:46.840 --> 0:00:49.240 It might be hard for Harris and her campaign to 0:00:49.320 --> 0:00:52.400 claim now that she is the underdog in this race. Granted, 0:00:52.479 --> 0:00:54.920 we are within the margin of error in basically all 0:00:54.960 --> 0:00:57.600 of these states except Wisconsin, where this poll shows her 0:00:57.680 --> 0:01:01.040 up eight points over Trump fifty two to forty four. 0:01:01.080 --> 0:01:02.920 But any other states it is much closer. 0:01:03.040 --> 0:01:03.200 Yeh. 0:01:03.200 --> 0:01:06.360 Bloombergs Kaylee Lines notes Harris leads by four percentage points 0:01:06.360 --> 0:01:10.000 in Pennsylvania and Nevada, three points in Michigan, two points 0:01:10.040 --> 0:01:12.760 in Georgia and North Carolina, and the results show the 0:01:12.760 --> 0:01:16.840 candidates are dead even in Arizona. Kaylee Line says, Harris's 0:01:16.920 --> 0:01:20.200 electoral map is expanding beyond the so called blue Wall states. 0:01:20.600 --> 0:01:22.440 Remember Joe Biden, when he was still in this race, 0:01:22.560 --> 0:01:25.800 was essentially only focused on the so called blue Wall, 0:01:25.880 --> 0:01:29.360 the rust belt stats Wisconsin, Michigan, and Pennsylvania. That was 0:01:29.400 --> 0:01:33.119 really his only clear path to potential victory for Harris. Now, 0:01:33.160 --> 0:01:35.160 looking at this map, it does open up the sun 0:01:35.240 --> 0:01:37.880 Belt for her and potentially gives her more ways in 0:01:37.920 --> 0:01:40.680 which she could go to two hundred and seventy electoral 0:01:40.720 --> 0:01:42.000 College votes when Bloombriggs. 0:01:42.080 --> 0:01:45.160 Kaylee Lines notes the poll shows Harris trimming Trump's advantage 0:01:45.160 --> 0:01:48.640 by eleven points on the rising cost of everyday goods, 0:01:48.680 --> 0:01:52.320 but survey participants still trust the former president more when 0:01:52.320 --> 0:01:55.040 it comes to gas prices and the stock market. 0:01:55.440 --> 0:01:58.120 Well, Nathan. The new survey comes as Kamala Harris sits 0:01:58.160 --> 0:02:01.000 down for her first interview since take over the Democratic 0:02:01.120 --> 0:02:03.720 ticket just over a month ago. Speaking with Dana Bash 0:02:03.760 --> 0:02:07.280 of CNN, Harris doubled down on her pledge to target 0:02:07.360 --> 0:02:10.680 price gouging and said her day one priority would be 0:02:10.800 --> 0:02:12.280 to support the middle class. 0:02:12.480 --> 0:02:15.040 Prices in particular for groceries, are still too high. The 0:02:15.120 --> 0:02:17.640 American people know what I know it, which is why 0:02:17.720 --> 0:02:19.720 my agenda includes what we need to do to bring 0:02:19.760 --> 0:02:21.960 down the price of groceries, for example, dealing with an 0:02:22.000 --> 0:02:23.200 issue like price gouging. 0:02:23.520 --> 0:02:27.480 Vice President Harris also addressed criticism over shifting positions on 0:02:27.560 --> 0:02:31.040 issues like energy and immigration. Harris was asked about her 0:02:31.080 --> 0:02:34.639 twenty nineteen pledge to ban fracking. She says she shortly 0:02:34.720 --> 0:02:37.400 backed off that stance and isn't going back. 0:02:37.760 --> 0:02:39.960 I made that clear on the debate station in twenty 0:02:40.000 --> 0:02:44.240 twenty that I would not banfracking as vice president. I 0:02:44.280 --> 0:02:47.440 did not banfracking. As president. I will not banfracking. 0:02:47.919 --> 0:02:51.440 Vice President Harris also told CNN she believes voters are 0:02:51.480 --> 0:02:54.840 ready to turn the page on former President Trump. Well. 0:02:54.840 --> 0:02:57.280 Meanwhile, Karen, the former president, was at a town hall 0:02:57.320 --> 0:03:00.520 in Wisconsin. He said he watched some of Vice President 0:03:00.520 --> 0:03:02.880 Harris's interview and didn't like what he saw. 0:03:03.360 --> 0:03:04.760 She didn't look like a leader to me. 0:03:04.840 --> 0:03:08.120 I'll be honest, I don't see her negotiating with President 0:03:08.240 --> 0:03:11.760 She of China. I don't see her with Kim Jonglun like. 0:03:11.680 --> 0:03:13.080 We did with Kim Jonglun. 0:03:13.840 --> 0:03:16.120 Former President Trump also tried to flip the script on 0:03:16.160 --> 0:03:18.760 the weird label that Harris's running mate Tim Wallas has 0:03:18.760 --> 0:03:20.440 put on him and his running mate JD. 0:03:20.560 --> 0:03:23.440 Vance. Trump said Walls is the weird one. 0:03:23.680 --> 0:03:26.800 Well, Nathan. The former president also looked to address areas 0:03:26.840 --> 0:03:30.160 of concern for his campaign, repeating a new pledge to 0:03:30.240 --> 0:03:34.040 have all in vitro fertilization costs covered for free for. 0:03:34.160 --> 0:03:39.120 People that are using IVF, which is fertilization. We are 0:03:39.240 --> 0:03:41.640 goment government is going to pay for it, or we're 0:03:41.680 --> 0:03:45.120 going to get or mandate your insurance company to pay 0:03:45.160 --> 0:03:45.480 for it. 0:03:45.960 --> 0:03:50.160 Former President Trump has not provided details on how he'd mandated. 0:03:50.320 --> 0:03:54.080 The new Bloomberg News Morning Console poll shows Swing state 0:03:54.200 --> 0:03:58.000 voters trust Harris over Trump to protect personal freedom and 0:03:58.000 --> 0:03:59.880 at her lead over Trump on the issue of a 0:04:00.000 --> 0:04:03.560 abortion is widening. Fifty five percent of swing state voters 0:04:03.640 --> 0:04:06.800 favor her position, compared to thirty four percent for Trump. 0:04:06.960 --> 0:04:09.920 All Right, Karen, Let's turn down to markets and the economy. 0:04:10.000 --> 0:04:13.040 The Dow closed Thursday session at a record high after 0:04:13.080 --> 0:04:17.040 a slew of encouraging economic data. Today traders get another 0:04:17.120 --> 0:04:19.839 key piece of data before the Fed's next rate decision. 0:04:19.880 --> 0:04:23.600 The central banks preferred inflation gauge, the PCE deflator, is 0:04:23.720 --> 0:04:26.920 due out at eight thirty am. Wall Street Time. Bloomberg's 0:04:26.960 --> 0:04:28.240 Michael McKee has a preview. 0:04:28.560 --> 0:04:31.039 Americans appear to have ramped up their spending as the 0:04:31.080 --> 0:04:34.600 second quarter went on. Revisions to second quarter GDP released 0:04:34.680 --> 0:04:37.760 yesterday suggest we'll see a healthy jump in both goods 0:04:37.839 --> 0:04:41.960 and services consumption. At the same time inflation continues to 0:04:42.000 --> 0:04:45.120 cool still, the central bankers have indicated they are more 0:04:45.160 --> 0:04:47.880 focused on the labor market than prices at the moment. 0:04:48.480 --> 0:04:51.000 While that will put more weight on next week's jobs report, 0:04:51.240 --> 0:04:54.360 today's data are likely to cheer Fed officials and bias 0:04:54.440 --> 0:04:57.279 them toward a quarter percentage point cut in the nation's 0:04:57.279 --> 0:05:00.800 benchmark lending rate next month. Michael McKee, Bloomberg Radio. 0:05:01.080 --> 0:05:04.080 All right, Mike, thanks, And While the DAL climbed yesterday, 0:05:04.160 --> 0:05:07.280 the tech heavy Nasdaq finished lower, way down by in 0:05:07.400 --> 0:05:11.440 Vidio's six point four percent drop after Wednesday's blowout earnings 0:05:11.440 --> 0:05:14.040 and a tep at forecast. Gene Munster with Deep Water 0:05:14.080 --> 0:05:18.839 Asset Management says investors should stick with the chip giant it's. 0:05:18.680 --> 0:05:22.159 A belief, a strong belief. I'm staking my career that 0:05:22.279 --> 0:05:25.200 AI is having a bigger impact than the Internet. At 0:05:25.200 --> 0:05:28.000 some point, when you're a hardware only company, there is 0:05:28.080 --> 0:05:31.880 a point of deceleration that needs to be taken into consideration. 0:05:32.000 --> 0:05:34.440 And I think that two years, three years from now, 0:05:34.920 --> 0:05:37.160 this may be a position that will trim, but we 0:05:37.240 --> 0:05:39.120 think today is the time to own it. 0:05:39.480 --> 0:05:42.360 Gene Munster with deep Water Asset Management, says in video 0:05:42.400 --> 0:05:45.880 will continue to remain central to the artificial intelligence boom 0:05:45.880 --> 0:05:48.680 and checking shares of Nvidia this morning, they're hire of 0:05:48.800 --> 0:05:50.440 one and a half percent and. 0:05:50.440 --> 0:05:51.520 Sticking with the AI theme. 0:05:51.600 --> 0:05:54.520 Karen sources tell Bloomberg News and Videos discuss joining a 0:05:54.560 --> 0:05:57.880 funding ground for open AI that would value the artificial 0:05:57.880 --> 0:06:01.640 intelligence startup at more than one hundred billion dollars, and 0:06:01.760 --> 0:06:04.880 Vidia has reportedly discussed investing about one hundred million. And 0:06:05.080 --> 0:06:06.960 it's not the only big tech giant getting in on 0:06:07.000 --> 0:06:10.320 the action, sources tell us Apple and Microsoft have also 0:06:10.440 --> 0:06:13.080 been in talks about taking part in the financing. This 0:06:13.160 --> 0:06:15.720 follows a Bloomberg report that the funding ground for open 0:06:15.760 --> 0:06:18.720 Ai would be led by Thrive Capital, which is investing 0:06:18.760 --> 0:06:20.320 about one billion. 0:06:20.160 --> 0:06:23.880 Dollars elsewhere on the chip front. Here Nathan Intel now 0:06:23.920 --> 0:06:27.960 discussing various scenarios to stem its losses, and Bloomberg John 0:06:28.000 --> 0:06:31.240 Tucker joins us Now and John. Among the possibilities here 0:06:31.320 --> 0:06:31.839 is a split. 0:06:32.120 --> 0:06:34.880 Yeah, Karen, that's right. Our sources tell us the possibilities 0:06:34.920 --> 0:06:39.040 include this split of its product design and manufacturing businesses, 0:06:39.560 --> 0:06:43.160 as well as which factory projects might potentially be scrapped. 0:06:43.640 --> 0:06:47.400 Intel's longtime bankers, Morgan Stanley and Goldman Sachs, they've been 0:06:47.440 --> 0:06:50.760 providing advice on the possibilities, which could also include potential 0:06:50.920 --> 0:06:53.920 m and a. Intel right now trying to navigate the 0:06:53.920 --> 0:06:57.960 most difficult period in its fifty six year history. These 0:06:58.000 --> 0:07:01.400 discussions have only grown more urgent since the company delivered 0:07:01.440 --> 0:07:04.680 that grim earnings report. You recall that sent the shares 0:07:04.720 --> 0:07:08.800 plunging to their lowest level since twenty thirteen. Potential separation 0:07:08.920 --> 0:07:11.920 or sale of Intel's foundry division that would be an 0:07:11.960 --> 0:07:15.200 about face for the CEO, Pat Gelsinger. Gelsinger's viewed that 0:07:15.280 --> 0:07:18.760 business as key to restoring intel standing and gives you 0:07:18.800 --> 0:07:21.760 some indication of just how serious this situation is. A 0:07:21.840 --> 0:07:24.520 shares pre market right now, they are up just over 0:07:24.600 --> 0:07:27.040 two percent. John Tunker, Bloomberg. 0:07:26.640 --> 0:07:32.000 Radio, All right, John, thank you. Time now for a 0:07:32.000 --> 0:07:33.720 look at some of the other stories making news in 0:07:33.760 --> 0:07:35.520 New York and around the world. And for that we're 0:07:35.560 --> 0:07:39.200 joined by Bloomberg's Michael Barr. Michael, good morning, Good morning, Karen. 0:07:39.240 --> 0:07:42.680 The holiday travel rush is already underway for the long 0:07:42.800 --> 0:07:46.400 Labor Day weekend. The TSAs has more than seventeen million 0:07:46.400 --> 0:07:50.360 people expected to be screen at the nation's airports between 0:07:50.360 --> 0:07:54.440 today and next Wednesday. Experts say those hitting the roads 0:07:54.440 --> 0:07:57.840 will fare better too. A lot of people are driving 0:07:57.880 --> 0:08:00.600 out of town, partly because of lower price at the 0:08:00.600 --> 0:08:04.400 gas pumps. Gas prices are averaging three thirty six a 0:08:04.480 --> 0:08:08.400 gallon nationwide, roughly forty six cents less than last year. 0:08:08.720 --> 0:08:11.920 Triple A's jenet did well. Typically, with any holiday, eighty 0:08:11.920 --> 0:08:14.480 five to ninety percent of travelers go by car. It's 0:08:14.480 --> 0:08:17.360 the most convenient and likely the most cost effective for 0:08:17.400 --> 0:08:17.920 a family. 0:08:18.440 --> 0:08:21.440 If you're driving today, you'll want to leave before noon 0:08:21.640 --> 0:08:25.240 or after seven pm. A Long Island man was arrested 0:08:25.320 --> 0:08:28.600 after authorities accuse him of shooting his ex wife and 0:08:28.720 --> 0:08:32.320 her boyfriend to death inside their home after calling his 0:08:32.440 --> 0:08:35.880 teen daughter to warn her to leave. Police said that 0:08:36.000 --> 0:08:39.640 Daniel Coppola forced his way into the Saint James home 0:08:39.760 --> 0:08:43.720 late Wednesday of his ex wife Kelly Coppola and her partner, 0:08:43.800 --> 0:08:48.160 Kenneth Pullman, and allegedly shot them dead. Coappola has been 0:08:48.240 --> 0:08:51.920 charged with two counts of second degree murder. There are 0:08:52.000 --> 0:08:56.360 growing concerns about mosquito born diseases ahead of the holiday weekend. 0:08:56.800 --> 0:09:00.200 Health officials in Wisconsin confirmed two people have now died 0:09:00.440 --> 0:09:04.160 from West Nile virus in that state this year. Cases 0:09:04.200 --> 0:09:07.120 of West Nile now in more than thirty states. John 0:09:07.160 --> 0:09:10.839 Proctor of Missouri says his teenage son is paralyzed from 0:09:10.880 --> 0:09:14.640 the neck down after being diagnosed with West Nile earlier 0:09:14.679 --> 0:09:16.160 this month, to see. 0:09:16.000 --> 0:09:21.440 Him lethargic and struggle to do simple basic functions. 0:09:20.679 --> 0:09:24.080 Hard In New York, crews say they will continue to 0:09:24.120 --> 0:09:27.600 spray to prevent West Nile. In Massachusetts, health officials are 0:09:27.600 --> 0:09:30.960 concerned after what's believed to be the country's sixth known 0:09:31.000 --> 0:09:35.199 person infected with Triple E, another rare but potentially lethal 0:09:35.280 --> 0:09:38.200 mosquito born virus. This week, one man died of TRIPLELI 0:09:38.200 --> 0:09:41.040 in New Hampshire. Editor at Large for Public Health at 0:09:41.120 --> 0:09:42.800 KFF doctor Celine Gownder. 0:09:43.240 --> 0:09:47.319 Most people with triple E don't develop symptoms, but symptoms 0:09:47.320 --> 0:09:52.360 of triple E may include headache, seizures, behavior changes, and drowsiness. 0:09:52.640 --> 0:09:55.080 About thirty percent of people who get. 0:09:54.880 --> 0:09:58.400 Triple E die, which is why it is so serious, 0:09:58.920 --> 0:10:02.319 and many survive have long term neurological problems. 0:10:02.320 --> 0:10:05.320 Doctor Gallander spoke to CBS Global News twenty four hours 0:10:05.360 --> 0:10:07.280 a day and whenever you want it with the Bloomberg 0:10:07.320 --> 0:10:09.880 News Now, Michael Barr, this is Bloomberg Karen. 0:10:10.040 --> 0:10:16.599 All right, Michael Barr, thank you time now for the 0:10:16.640 --> 0:10:20.000 Bloomberg Sports Update with John Stashauer. John, Good morning. 0:10:21.000 --> 0:10:23.440 Sopen moves into the third round today without the guy 0:10:23.480 --> 0:10:26.760 who was favored to win the men's singles. Carlos Alcarez 0:10:26.800 --> 0:10:28.679 won the Open two years ago. This year he won 0:10:28.720 --> 0:10:31.680 the French Van Wimbledon for the second time, but last 0:10:31.760 --> 0:10:34.360 night he was stunned in round two by an unknown 0:10:34.400 --> 0:10:37.079 for the Netherlands guy with a very long last name, 0:10:37.160 --> 0:10:40.960 Botic fun Deessentshal rank seventy fourth, came to the Open 0:10:41.000 --> 0:10:41.959 of the record this year of. 0:10:41.920 --> 0:10:43.640 Eleven and eighteen. 0:10:43.760 --> 0:10:47.480 He not only beat Alcarez, he beat him handily six one, seven, five, 0:10:47.559 --> 0:10:49.920 sixty four, here was Alcarez after the match. 0:10:50.480 --> 0:10:54.080 So a fight against myself, you know, in my mind 0:10:54.040 --> 0:10:57.839 during the during the mats. You know, in tennis, you 0:10:58.160 --> 0:11:01.439 are playing against some that wants the same as you 0:11:01.679 --> 0:11:03.959 is to win the mats, and you have to to 0:11:04.040 --> 0:11:06.559 be as moss con as you can. 0:11:07.200 --> 0:11:10.079 Last time, the Opens betting favorite lost this early the 0:11:10.120 --> 0:11:12.520 tournament nineteen ninety nine. That was due to an injury. 0:11:12.520 --> 0:11:15.400 Two time Open shape Naomi Osaku's back playing after long 0:11:15.480 --> 0:11:18.640 layoff at Palin having a baby, lost her second round match. 0:11:18.679 --> 0:11:20.480 The Mets won at Arizona three to two. Peter de 0:11:20.520 --> 0:11:23.000 Lonzo hit his twenty ninth home run, and then Francisco 0:11:23.040 --> 0:11:25.960 Lindor's twenty eighth, and then Jose Iglesias with a go 0:11:26.000 --> 0:11:27.800 ahead hit with two outs of the ninth Andy. Now 0:11:27.800 --> 0:11:30.080 the Mets get to play the White Sox, who have 0:11:30.160 --> 0:11:32.960 a record of thirty one and one hundred and four. 0:11:33.040 --> 0:11:36.240 The Yankees tonight host Saint Louis. Two Bay Area athletes 0:11:36.280 --> 0:11:39.960 with contract. News Wide receiver Brandon Ayuk, who wanted a 0:11:40.040 --> 0:11:41.520 train if he didn't get the deal he wanted for 0:11:41.600 --> 0:11:44.400 the forty nine ers, signed for four years, one hundred 0:11:44.400 --> 0:11:47.440 and twenty million and Steph Curry added another year onto 0:11:47.480 --> 0:11:49.800 his deal with the Warriors, and in twenty twenty six 0:11:49.960 --> 0:11:53.200 twenty seven, he'll make sixty two million. Scotti Scheffler's in 0:11:53.200 --> 0:11:56.319 good shape to make twenty five million on Sunday, already 0:11:56.320 --> 0:11:59.000 staked to the FedEx Cup lead based on what he's 0:11:59.000 --> 0:12:01.840 done all year. Chefer then had the lowest score in 0:12:01.880 --> 0:12:04.040 the opening round of the Toward Championship in Atlanta. So he's 0:12:04.080 --> 0:12:07.400 sixteen under par and he leads by setting. John Stishawa, 0:12:07.480 --> 0:12:08.680 Bloomberg Sports Canada. 0:12:08.720 --> 0:12:11.079 Nathan all right, John, thank you well. If you're listening 0:12:11.120 --> 0:12:14.480 to us in Boston, here's exciting news. Our new home 0:12:14.600 --> 0:12:17.679 beginning September third, that's this coming Tuesday, will be ninety 0:12:17.679 --> 0:12:21.280 two nine FM. That's a day after Labor Day. Bloomberg 0:12:21.360 --> 0:12:27.360 Radio moving to ninety two nine FM in Boston, coast 0:12:27.360 --> 0:12:28.160 to coast. 0:12:27.920 --> 0:12:31.520 On Bloomberg Radio, nationwide on Sirius XM. 0:12:31.240 --> 0:12:34.160 And around the world on Bloomberg dot Com and the 0:12:34.200 --> 0:12:35.400 Bloomberg Business app. 0:12:35.640 --> 0:12:39.400 This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. 0:12:39.640 --> 0:12:43.120 Vice president Kamala Harris was pressed about her past positions 0:12:43.120 --> 0:12:46.040 on issues like fracking and immigration reform as she sat 0:12:46.080 --> 0:12:49.600 down for her first interview as a presidential candidate on CNN. 0:12:52.520 --> 0:12:56.920 The most important and most significant aspect of my policy 0:12:57.000 --> 0:13:00.120 perspective and decisions is my values to not change. 0:13:00.640 --> 0:13:03.240 But the dynamics of the race have changed, as we're 0:13:03.240 --> 0:13:07.240 seeing in the latest Bloomberg News Morning Consult Swing State poll. 0:13:07.360 --> 0:13:09.880 For more, we're joined by the man who wrote the 0:13:09.920 --> 0:13:14.000 story about it, Bloomberg News National political reporter Gregory Cordy. Gregory, 0:13:14.080 --> 0:13:16.800 good morning. I think we saw the beginnings of a 0:13:16.840 --> 0:13:19.960 momentum shift in this race the last time we did 0:13:20.000 --> 0:13:22.200 this poll a month ago, as Harris joined it. 0:13:22.480 --> 0:13:24.320 What does this newest poll show us? 0:13:24.960 --> 0:13:27.880 Hey, good morning, Nathan. Yeah, so this is the poll 0:13:27.960 --> 0:13:32.080 that we did immediately after the Democratic National Convention last week. 0:13:32.720 --> 0:13:35.480 Polsters tend to look for moments like that to see 0:13:35.480 --> 0:13:40.160 if there's a bounce. Traditionally, presidential candidates get a little 0:13:40.160 --> 0:13:42.480 bit of a boost in the polls right after accepting 0:13:42.480 --> 0:13:46.760 their priorities nomination for president, and in this case, we 0:13:46.960 --> 0:13:50.480 didn't really see a huge bounce. There's a one percentage 0:13:50.520 --> 0:13:53.160 point difference. I could be explained by the margin of 0:13:53.280 --> 0:13:58.440 error in Harris going up over the previous month, but 0:13:58.520 --> 0:14:01.360 it certainly shows that the honeymoon is continuing for her. 0:14:01.400 --> 0:14:04.920 As you said, when she entered the race a month ago, 0:14:05.160 --> 0:14:09.600 she really improved the Democrats' chances really across all of 0:14:09.640 --> 0:14:13.400 these seven swing states. We now see her at least 0:14:13.480 --> 0:14:17.120 tide or winning in all seven states. Wisconsin is the 0:14:17.160 --> 0:14:21.600 one that she's doing the best in, and then Michigan. 0:14:21.960 --> 0:14:25.800 Pennsylvania the blue Wall state she continues to do well in. 0:14:25.920 --> 0:14:28.880 But the big difference between Harris and Biden is that 0:14:28.920 --> 0:14:34.720 Harris now opens up the sun Belt. We're talking about Arizona, Nevada, Georgia. 0:14:35.120 --> 0:14:37.640 And the really most interesting state in the poll this 0:14:37.760 --> 0:14:41.160 month is North Carolina, where she's up by two points. 0:14:41.480 --> 0:14:44.080 That's a state that Donald Trump was leading by ten 0:14:44.120 --> 0:14:47.520 points as recently as April. So if she's competitive in 0:14:47.560 --> 0:14:51.320 North Carolina, that really puts Donald Trump on the defensive 0:14:51.840 --> 0:14:53.640 and makes it a whole. 0:14:53.400 --> 0:14:56.160 New race, which could explain why we were told by 0:14:57.160 --> 0:15:00.320 Republican National Committee coachir Laura Trump this week they're going 0:15:00.400 --> 0:15:02.920 to be pouring quite a lot of resources into North 0:15:02.920 --> 0:15:06.160 Carolina as well. What does this poll tell us about 0:15:06.480 --> 0:15:09.880 where voters see the candidates on the issues that really 0:15:09.960 --> 0:15:11.880 matter to them? I know, we've been focusing a lot, 0:15:11.920 --> 0:15:14.560 particularly on the economy on inflation. 0:15:14.800 --> 0:15:15.800 What are we finding there. 0:15:16.760 --> 0:15:19.920 Yeah, we really zoomed in on the economy in this 0:15:20.000 --> 0:15:23.240 tracking pole for two reasons. As one is, we're bloomberg, right, 0:15:23.320 --> 0:15:26.320 that's what we covered. But also it's the most important 0:15:26.360 --> 0:15:30.280 issue for the voters in all of these playing states 0:15:30.320 --> 0:15:33.240 and nationally, especially given the inflation that we've seen over 0:15:33.240 --> 0:15:37.280 the past couple of years. And the remarkable thing is 0:15:37.400 --> 0:15:42.640 that voters don't say that the economy is necessarily doing 0:15:42.720 --> 0:15:45.520 any better than has been the past year or so. 0:15:46.280 --> 0:15:49.040 They still say that inflation is too high, and they 0:15:49.040 --> 0:15:51.840 still say that they were better off under Trump than 0:15:51.880 --> 0:15:57.440 they are under Biden. But what's remarkable here is that 0:15:57.440 --> 0:16:03.000 that poor economy is not attaching itself to Kamala Harris, 0:16:03.360 --> 0:16:07.800 the vice president, is not being held accountable for the 0:16:08.880 --> 0:16:12.800 economy under this president, and so on a wide range 0:16:12.840 --> 0:16:16.760 of economic issues, who do you trust more on housing costs, 0:16:16.800 --> 0:16:20.400 who do you trust more on having wages go up? 0:16:22.840 --> 0:16:27.200 On student loans and personal debt? Voters trust Harris now 0:16:27.400 --> 0:16:31.360 more than Trump across these swing states. And that's really 0:16:31.360 --> 0:16:33.720 going to be concerning to President Trump, because that was 0:16:33.720 --> 0:16:37.560 going to be his major argument in this election. The 0:16:37.600 --> 0:16:39.920 fact that it's not sticking to Harris is something that 0:16:41.040 --> 0:16:42.600 Trump is going to have to try to figure out 0:16:42.640 --> 0:16:47.200 how to hold Harris accountable for this administration's economic policies. 0:16:47.480 --> 0:16:50.400 This is Bloomberg day Break Today, your morning brief on 0:16:50.440 --> 0:16:54.119 the story's making news from Wall Street to Washington and beyond. 0:16:54.240 --> 0:16:57.040 Look for us on your podcast feed at six am 0:16:57.120 --> 0:17:00.800 Eastern each morning, on Apple, Spotify, and anywhere else you 0:17:00.840 --> 0:17:01.920 get your podcasts. 0:17:02.120 --> 0:17:04.840 You can also listen live each morning starting at five 0:17:04.880 --> 0:17:07.439 am Wall Street time on Bloomberg eleven three to zero 0:17:07.520 --> 0:17:10.400 in New York, Bloomberg ninety nine to one in Washington, 0:17:10.480 --> 0:17:13.680 Bloomberg one oh sixty one in Boston, and Bloomberg ninety 0:17:13.680 --> 0:17:15.040 sixty in San Francisco. 0:17:15.480 --> 0:17:18.640 Our flagship New York station is also available on your 0:17:18.680 --> 0:17:24.119 Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus. 0:17:24.160 --> 0:17:27.600 Listen coast to coast on the Bloomberg Business app, SERIUSXM, 0:17:27.680 --> 0:17:31.960 the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager. 0:17:31.720 --> 0:17:32.880 And I'm Karen Moscow. 0:17:33.080 --> 0:17:35.840 Join us again tomorrow morning for all the news you 0:17:35.960 --> 0:17:39.200 need to start your day right here on Bloomberg Daybreak

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