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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. This is the Bloomberg

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Speaker 1: Daybreak podcast, available every morning on Apple, Spotify or wherever

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Speaker 1: you listen. It's Monday, the sixteenth of September in London.

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Speaker 1: I'm Caroline Hepke and.

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Speaker 2: I'm Stephen Carroll. Coming up today, Secret Service agents foil

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Speaker 2: an apparent second assassination attempt targeting Donald Trump. We have

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Speaker 2: the latest and uninjured.

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Speaker 1: Trump says his resolve is stronger than ever off the

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Speaker 1: latest twist in a chaotic US election campaign.

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Speaker 2: Plus China's deepening slow down as calls grow for major

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Speaker 2: stimulus with more economic data disappointing.

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Speaker 1: Let's start with a roundup of our top stories. A

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Speaker 1: man has been arrested after what appears to be a

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Speaker 1: second assassination attempt on former President Donald Trump, this time

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Speaker 1: at his Florida golf club. The suspect is in custody

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Speaker 1: has been identified by federal officials as fifth eight year

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Speaker 1: old Ryan Rauth, who has eight arrests on his record,

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Speaker 1: apparently for minor offenses. Palm Beach County Sheriff Rick Bradshaw

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Speaker 1: says that a Secret Service agent who is patrolling the

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Speaker 1: golf course ahead of Trump as he played spotted the

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Speaker 1: barrel of a gun.

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Speaker 3: The Secret Service agent that was on the course did

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Speaker 3: a fantastic job. What they do is they have an

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Speaker 3: agent that jumps one hole ahead of time to where

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Speaker 3: the President was at and he was able to spot

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Speaker 3: this rifle barrel sticking out of the fence and immediately

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Speaker 3: engage that individual, at which time the individual took off.

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Speaker 1: Rick Bradshaw was joined at the press conference by Raphael Barross,

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Speaker 1: the Special Agent in charge for the Secret Service's Miami

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Speaker 1: Field Office.

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Speaker 3: Our agents engaged. We are not sure right now if

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Speaker 3: the individual was able to take a shot at our agents,

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Speaker 3: but for sure our agents were able to co engage

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Speaker 3: with the squat.

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Speaker 1: Raphael Barros spoke at a press conference in which officers

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Speaker 1: also revealed that they found an AK forty seven style rifle,

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Speaker 1: two rocksacks, and a go pro camera near to where

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Speaker 1: the suspect was spotted. Police say that the man fled

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Speaker 1: and based on a description of the suspect's vehicle, he

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Speaker 1: was subsequently stopped and taken into custody by police whilst

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Speaker 1: driving on a nearby highway.

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Speaker 2: At tax to supporters. Donald Trump later wrote, my resolve

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Speaker 2: is stronger. After another attempt on my life. The FBI

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Speaker 2: says it's now taken over the investigation, with the incident

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Speaker 2: marking a second parent attempt on the Republican presidential candidate's

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Speaker 2: life in two months. In July, Trump was shot in

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Speaker 2: the year during an outdoor rally in Pennsylvania. That incident

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Speaker 2: prompted criticism of the Secret Service and led to the

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Speaker 2: resignation of the agency's director, Bloomberg. Political contributory Genie she

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Speaker 2: and Rozino says the latest attempt will raise further scrutiny.

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Speaker 4: The number one question people are asking is, two months

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Speaker 4: after the press it was the victim of an attempted

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Speaker 4: assassination in Pennsylvania. How is it that somebody got an

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Speaker 4: AK forty seven within what the FBI said is four

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Speaker 4: to five hundred yards of him on a golf course.

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Speaker 4: So I am racking my brain to figure out if

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Speaker 4: an American history we have had a candidate and former

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Speaker 4: president who has been the victim of an attempted assassination

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Speaker 4: not once, but twice within two months on the campaign trail.

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Speaker 2: That's Jenie she Hinseo. The White House said in a

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Speaker 2: statement that President Biden and Vice President Harris were briefed

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Speaker 2: about the security incident of Trump's golf course, and we're

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Speaker 2: leaeved to know he's safe. In a post on her

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Speaker 2: ex account, Kamala Harris said she was deeply disturbed by

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Speaker 2: the possible assassination attempt, adding that violence has no place

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Speaker 2: in America.

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Speaker 1: Now denise elsewhere. Pressure is building on Chinese authorities to

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Speaker 1: ramp up fiscal and monetary stimulus in a bid to

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Speaker 1: hit the country's growth target of five percent that's off.

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Speaker 1: The recent data Chinese industrial output on its longest slowing

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Speaker 1: streak since twenty twenty one, with consumption and investment also

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Speaker 1: weakening more than expected last month. Hours before the data

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Speaker 1: was released, the Chinese central banks signaled that fighting deflation

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Speaker 1: would become a higher priority, indicating more monetary easing ahead.

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Speaker 1: Banks including Gold and sachs At, City Group and Morgan

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Speaker 1: Stanley have downgraded their Chinese growth forecast for this year.

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Speaker 2: After lowering borrowing casts for the first time in more

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Speaker 2: than four years in August. Bank of England policymakers are

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Speaker 2: expected to stick to a cautious approach this week, but

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Speaker 2: some investors think more aggressive action as needed. Bloombricks tiwa

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Speaker 2: Adebayo has the story.

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Speaker 5: While Governor Andrew Bailey and his colleagues are expected to

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Speaker 5: delay cutting rates further this week, investors are betting on

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Speaker 5: a change of tactic. Money managers, including Alians and Aviva,

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Speaker 5: think the Central Bank's caution won't last long in the

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Speaker 5: face of an economic slowdown and a tax raising budget,

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Speaker 5: But with this week's incoming data expected to show resurgence

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Speaker 5: services infliction, policymakers aren't likely to change their careful tone.

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Speaker 5: Markets are currently anticipating a rate hold this week, before

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Speaker 5: a quarter point cut in November and another in December

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Speaker 5: in London. To you at a bio Bloomberg radio.

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Speaker 1: Well, the view from investors comes the start of a

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Speaker 1: long anticipated US easing cycle, which takes center stage this week.

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Speaker 1: Is part of a thirty six hour monetary rollercoaster that

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Speaker 1: includes policy decisions from Brazil, South Africa, the UK, and Japan.

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Speaker 1: There has been a debate about whether the FED will

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Speaker 1: go for twenty five or fifty basis points in terms

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Speaker 1: of a rate cut. FED fund futures are now pricing

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Speaker 1: in about a sixty percent chance of a fifty basis

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Speaker 1: point FED cut this week. The Bank of Japan is

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Speaker 1: expected to keep rates on hold Keros.

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Speaker 2: Starmer is en roamed sik support for Britain's push to

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Speaker 2: arm Ukraine with long range weapons that can hit Russia.

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Speaker 2: The UK Prime Minister will meet the Italian leader, Georgia

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Speaker 2: Maloney as part of a broader diplomatic push to get

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Speaker 2: Western allies on board with the plan. Vladimir Putin says

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Speaker 2: approval would risk bringing NATO into the war, but the

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Speaker 2: UK's Foreign Secretary, David Lammy says the Russian leader is

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Speaker 2: trying to intimidate the West.

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Speaker 6: Putin said, don't send any missiles. We sent them. Putin

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Speaker 6: threatens every few months to use nuclear weapons. It's totally unaccepted.

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Speaker 6: We won't be bullied by Putin's shameless, shameless grandstanding. What

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Speaker 6: he should now do is cease his aggression and leave Ukraine.

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Speaker 2: David lammiads Starmer's visit is about rebuilding ties to European

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Speaker 2: nations which were damaged by Brexit. The trip comes as

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Speaker 2: Starmer battle's various domestic headaches, including controversial winter fuel allowance

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Speaker 2: cuts and questions over the declaration.

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Speaker 1: Of gifts now to flooding across Europe. Days of heavy

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Speaker 1: rain have caused some of the worst flooding in decades

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Speaker 1: across Central and Eastern Europe. Deaths have been reported in Poland,

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Speaker 1: Romania and Austria, with other people still missing in the

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Speaker 1: Czech Republic. The Polish Prime Minister Donald Tusk has asked

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Speaker 1: his finance minister to prepare emergency aid and Poland will

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Speaker 1: also ask for European aid. People in Poland have been

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Speaker 1: told to stock up on food and prepare for power outages. Now,

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Speaker 1: in a moment, we're going to be talking about the

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Speaker 1: economic picture in China after a huge data dump over

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Speaker 1: the weekend that again highlighted the concerns around economic growth

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Speaker 1: and reaching that five percent target that the Chinese government

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Speaker 1: has for economic growth. But let's go to our top

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Speaker 1: story now and bringing all of the details and what

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Speaker 1: we know so far what the FBI is describing as

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Speaker 1: an apparent assassination attempt on former US President Donald Trump.

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Speaker 1: Trump was not hurt in the incident, which took place

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Speaker 1: on his golf course in Florida. Our senior Edison Bill

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Speaker 1: Ferries is with us throughout the morning. Bill, Good morning.

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Speaker 1: What do we know then about the man behind this shooting.

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Speaker 7: Well, the man that the authority has detained on the

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Speaker 7: highway a couple hours north of West Palm Beach, where

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Speaker 7: Trump's golf course is. Fifty eight year old man has

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Speaker 7: been recently believed to be living in Hawaii. Has a

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Speaker 7: long history going back more than twenty years with law enforcement.

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Speaker 7: NBC News reported based on court documents, that he was

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Speaker 7: once convicted of owning a machine gun, was charged in

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Speaker 7: a hit and run attack, and has had a few

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Speaker 7: other incidents interactions with law enforcement over the years. More recently,

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Speaker 7: he's actually been quite worked up about the war in

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Speaker 7: Ukraine and has been talking about trying to recruit foreign fighters.

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Speaker 7: He actually did an interview with The New York Times

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Speaker 7: at one point last year where he talked about having

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Speaker 7: visited Ukraine after Russia invasion. So as someone with a

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Speaker 7: pretty complex history, it's not known what his political beliefs

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Speaker 7: are or what grievances he may have had. But Secret

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Speaker 7: Service apparently spotted him as they were one hole ahead

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Speaker 7: of the President on the golf course. They spotted a

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Speaker 7: rifle poking through a fence. Secret Service engaged with the

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Speaker 7: person there, but didn't hit him. That person fled in

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Speaker 7: a car and was pulled over on the side of

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Speaker 7: the highway A couple hours later. So there's obviously going

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Speaker 7: to be a big investigation into how this man, Ryan

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Speaker 7: Ralph found himself in that situation, whether there was more

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Speaker 7: that could be done, But a lot of early praise

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Speaker 7: coming for that Secret Service agent who spotted the rifle

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Speaker 7: in the fence line.

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Speaker 2: Yeah, indeed, that's an interesting contrast to how the previous

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Speaker 2: assassination attempt was handled, which of course had been extremely

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Speaker 2: controversial for the Secret Service.

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Speaker 7: Right with that attempted assassination on Donald Trump a couple

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Speaker 7: months ago, you had a lot of questions immediately being

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Speaker 7: asked about why or how a shooter could have gotten

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Speaker 7: onto the roof of a building not that far from

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Speaker 7: where the former president was speaking, with a direct line

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Speaker 7: of sight of the stage. There was some confusion in

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Speaker 7: terms of between how the Secret Service was working with

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Speaker 7: the local police, and you of course had the director

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Speaker 7: of the Secret Service resign in the aftermath of all that.

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Speaker 7: That episode is still being subject to an investigation by

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Speaker 7: a bipartisan group in Congress. I suspect there will be

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Speaker 7: a similar type of investigation into this now that it

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Speaker 7: appears to be the second attempted assassination on Donald Trump

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Speaker 7: in just about two months.

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Speaker 1: What are the other reactions that we've seen from politicians

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Speaker 1: and others.

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Speaker 7: Well, we saw you know, the president saying he a

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Speaker 7: former President Trump coming out very quickly saying he won't

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Speaker 7: back down, he won't surrender, He's gonna, you know, keep

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Speaker 7: pushing in his campaign. We've seen comments from the White House,

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Speaker 7: both Joe Biden and Kamala Harris saying that they have

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Speaker 7: there's no room for political violence in the United States

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Speaker 7: and saying they're grateful that former President Trump wasn't hurt

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Speaker 7: in this episode. I think there's gonna be a big

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Speaker 7: question when you look at the politics of this in

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Speaker 7: the coming days, whether there's any kind of a sympathy

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Speaker 7: sympathy boost for the former president in the election. And

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Speaker 7: then it's been a very difficult past week for President

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Speaker 7: Trump in terms of his debate performance Tuesday. This does

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Speaker 7: allow him and the Republican Party to potentially turn the

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Speaker 7: page and maybe focus on some of their strengths in

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Speaker 7: the campaign to get past discussion of the debate, and

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Speaker 7: of course that that discussion about whether immigrants are eating

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Speaker 7: people's pets in Ohio, something that had been a big

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Speaker 7: distraction for a public ends the past several days.

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Speaker 2: Indeed, Bill, thanks very much for bringing us at your

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Speaker 2: analysis this morning. That's our senior editor, Bill Ferries.

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Speaker 1: There now to China. An array of economic data is

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Speaker 1: showing that growth is heading in one direction, and that

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Speaker 1: is downwards. Numbers out over the weekend came in even

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Speaker 1: lower than many economists had expected. The deterioration is raising

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Speaker 1: questions about whether the state needs a bigger Similus plan

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Speaker 1: and if it might miss the state mandated growth target.

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Speaker 1: Johnny us now to discuss he's been back to Rebecca

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Speaker 1: Chung Wilkins, our Asia Government and Politics correspondent, Rebecca, good morning.

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Speaker 1: Just take us through then the sluggish economy that China

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Speaker 1: has seen and what the data over the weekend told us.

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Speaker 8: Thanks Caroline. Yes, I happen to be working actually on Saturday,

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Speaker 8: and I can tell you it was not your average

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Speaker 8: Saturday bureau shift. There was a slew of really quite

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Speaker 8: negative economic data. A couple of standouts. We saw industrial

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Speaker 8: output marking its longest streak slowing streak since twenty twenty one.

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Speaker 8: We also had consumption investment. They came in weaker than expected.

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Speaker 8: One sort of small highlight I thought was interesting was

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Speaker 8: that M one supply. This essentially shows how much currencies

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Speaker 8: in circulation that declined. We saw the lowest level since

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Speaker 8: nineteen ninety six, again suggesting this sort of low demand

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Speaker 8: from consumers is low willingness. And credit data also came

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Speaker 8: in relatively weak two so in some ways just reinforcing

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Speaker 8: that very negative backdrop that we had when GDP came

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Speaker 8: in for the third excuse me, for the last quarter

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Speaker 8: at four point seven percent. The majority of economists that

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Speaker 8: Bloomberg tracks were already expecting trying to to miss the

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Speaker 8: target of around five point five percent, And we've had

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Speaker 8: these sort of wording from Sudenping that perhaps some interpret

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Speaker 8: it as signaling a tolerance for maybe achieving something lower

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Speaker 8: than five percent. But it's worth saying that even if

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Speaker 8: we come in at four point eight, four point seven,

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Speaker 8: maybe even four point six, I mean, Beijing could still

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Speaker 8: argue that they reached that target of around five.

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Speaker 2: What are the options open to the Chinese authorities now

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Speaker 2: to perhaps address there's to do more to support the economy.

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Speaker 8: Well, China has so far, as we've discussed many times,

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Speaker 8: been really hesitant to bring in, you know what, investors

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Speaker 8: have wanted a sort of big bazooka stimulus. On the

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Speaker 8: other hand, they're also trying to balance the hefty debt

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Speaker 8: loads that local governments are dealing with right now as well.

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Speaker 8: But one thing that has caught my eye is the

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Speaker 8: PBOC came out with quite a rare statement alongside their

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Speaker 8: credit data, essentially highlighting the worries about deflation, saying that

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Speaker 8: it's important consideration and that they will try and have

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Speaker 8: they create a modest rebound in prices or at the

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Speaker 8: very least maintain this stability around prices. And it does

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Speaker 8: suggest perhaps a shift in thinking or at least in

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Speaker 8: some cohorts of the top echelons around how they're worrying

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Speaker 8: about defationary pressures. There was one point at which, you know,

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Speaker 8: sometimes you would get commentary from state officials saying that

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Speaker 8: deflation was a good thing because it was lowering prices

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Speaker 8: and things were coming more awordiful for people. And that

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Speaker 8: has been a worry for some investors who have been,

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Speaker 8: you know, concern that policymakers aren't taking some of those

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Speaker 8: deflationary risks seriously enough. And of course, you know, the

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Speaker 8: longer that defation goes on for the more sort of

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Speaker 8: intenetrable and more expensive that problem becomes.

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Speaker 5: To fit.

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