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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: Karen, let's begin with the latest from the campaign trail.

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Speaker 2: With just eleven days left until the election, both Kamala

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Speaker 2: Harris and Donald Trump are pulling out all the stops.

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Speaker 2: The Vice president rallied supporters last night in Georgia and

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Speaker 2: seized on criticism of the former president from his former

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Speaker 2: chief of staff John Kelly.

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Speaker 3: Take a moment to think about what that means that

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Speaker 3: Trump said quote Hitler did some good things and that

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Speaker 3: Trump wished he had generals like Hitler's who would be

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Speaker 3: loyal to Trump and not to America's constitution.

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Speaker 2: Vice President Harris was joined on stage for the first

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Speaker 2: time by former President Barack Obama.

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Speaker 4: Oh, I want to explain that in politics, a good

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Speaker 4: rule of thumb is don't say you want to do

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Speaker 4: anything like Hitler.

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Speaker 2: Not along with former President Obama. Bruce Springsteen appeared with

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Speaker 2: Harris at the Georgia rally. But perhaps the biggest celebrity

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Speaker 2: backing for the Vice president will come today when Beyonce

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Speaker 2: joins Kamala Harris at a rally in her hometown of Houston,

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Speaker 2: Texas well Nathan.

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Speaker 5: Former President Trump has denied making those comments about Hitler.

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Speaker 5: He held a rally last night in Tempe, Arizona, where

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Speaker 5: he rallied against Harris over the migrant crisis.

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Speaker 6: We're a dumping ground. We like a garbage can for

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Speaker 6: the world. That's what's happened. That's what's happened. We like

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Speaker 6: a garbage can. You know, it's the first time I've

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Speaker 6: ever said that.

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Speaker 5: Earlier, Donald Trump told a conservative radio show that he

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Speaker 5: would fire Special counsel Jack Smith quote within two seconds

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Speaker 5: if he returns to the White House. Smith is appealing

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Speaker 5: his classified documents case against Trump, and he's filed revised

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Speaker 5: charges in the twenty twenty election interference case after the

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Speaker 5: Supreme Court's ruling on presidential immunity.

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Speaker 2: And Trump continues to get big donations Karen from Elon Musk.

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Speaker 2: The billionaire gave another fifty six million dollars to Trump

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Speaker 2: and other Republicans in the final weeks of the twenty

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Speaker 2: twenty four race. Musk has spent at least one hundred

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Speaker 2: and thirty two million dollars to elevate his allies to

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Speaker 2: the White House and Congress.

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Speaker 5: Well Nathan, the world's richest man, may be looking to

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Speaker 5: extend his influence even further to geopolitics. According to a

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Speaker 5: report in the Wall Street Journal, Elon Musk has been

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Speaker 5: in regular contact with Russian President Vladimir Putin for nearly

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Speaker 5: two years. Sources tell the Journal their conversations have touched

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Speaker 5: on business, geopolitics, and personal matters. In one case, Putin

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Speaker 5: reportedly asked Musk not to activate his Starlink's satellite internet

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Speaker 5: over Taiwan as a favorite of Chinese President Xijin Ping.

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Speaker 5: Musk did not respond to requests for comment on the

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Speaker 5: Journal report, but in the past he said it's absurd

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Speaker 5: to think that he's a Putin apologist, and his companies

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Speaker 5: have done more to undermine Russia than anything ill.

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Speaker 2: Meanwhile, Karen Elon Musk's wealth sword Following blowout earnings from Tesla,

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Speaker 2: Musk added thirty three and a half billion dollars to

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Speaker 2: his net worth yesterday after shares of the electric vehicle

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Speaker 2: maker searched twenty two percent for its biggest gain in

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Speaker 2: more than a decade. Musk's wealth gain brought his fortune

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Speaker 2: to more than two hundred and seventy billion dollars sixty

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Speaker 2: one billion, ahead of second place Jeff Bezos.

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Speaker 5: Well Nathan. It's also a big day for the head

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Speaker 5: of a Microsoft CEO Saki and Adella received a pay

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Speaker 5: package worth more than seventy nine million dollars this year,

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Speaker 5: and that's his sixty three percent increase from the prior year.

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Speaker 5: About ninety percent of Nadella's compensation was in Microsoft shares.

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Speaker 2: We have even more sweet c suite news this morning.

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Speaker 2: Karen Morgan Stanley CEO Ted Pick is about to become

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Speaker 2: chairman of the board. That's expected in January, and we

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Speaker 2: get more on that from Bloomberg's Doug Prisner.

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Speaker 7: Pick will replace James Gorman. Back in May, Gorman said

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Speaker 7: he would step down as chairman at the end of

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Speaker 7: the year, and Pick was expected to replace him in

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Speaker 7: that role. In a nod of respect, Morgan Stanley said

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Speaker 7: Gorman will take on the title of chair emeritus after

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Speaker 7: leaving the board. Pick took over from Gorman as CEO

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Speaker 7: at the start of the year, and a little over

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Speaker 7: a week ago, Morgan Stantley reported results above expectations with

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Speaker 7: a record quarter in wealth management. Under Pick, Morgan Stanley

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Speaker 7: shares have climbed nearly twenty eight percent this year. In

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Speaker 7: New York. I'm Doug Prisoner Bloomberg Radio.

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Speaker 5: All right, Doug, thank you. There's some stocks on the

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Speaker 5: move this morning. Shares of Capri Holding, they are plunging

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Speaker 5: down more than forty five percent. Of Federal judges blocked

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Speaker 5: its planned eight and a half billion dollar takeover by

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Speaker 5: retail rival Tapestry. The judge froze the deal after concluding

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Speaker 5: it would harm competition in the market for accessible luxury handbags. Tapestry,

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Speaker 5: which makes Coach and Kate Spade handbags, currently is up

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Speaker 5: thirteen and a half percent this morning.

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Speaker 2: And the strike at Boeing drags on Karen after unionized

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Speaker 2: workers rejected a labor deal with generous pay packages. Bloomberg's

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Speaker 2: John Tucker is here now with the updates. So, John,

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Speaker 2: the workers seem to be banking on pensions.

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Speaker 8: Huh and it's a long shot, Nathan. Ten years ago,

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Speaker 8: the pensions were removed at Boeing, and Jane Jacobs labor

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Speaker 8: law expert, tells Bloomberg employees want to go back to

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Speaker 8: traditional pension plans, but they're asking for a dinosaur. The

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Speaker 8: pensions fell out of favor on Wall Street decades ago

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Speaker 8: after repeated economic downturns left employers feeling trapped, and now

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Speaker 8: members of the International Association of Machinists and the Aerospace

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Speaker 8: Workers appear to be holding out. On Wednesday, they rejected

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Speaker 8: the proposed four year agreement that would have guaranteed thirty

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Speaker 8: five percent wage increases and enhanced four oh one k

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Speaker 8: benefit matches. The meantime, the pressure keeps building. Boeing isn't

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Speaker 8: producing any civilian aircraft besides the seven eighty seven Dreamliner,

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Speaker 8: which is made at a different site that doesn't have

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Speaker 8: union representation in New York. On John Tucker.

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Speaker 5: Bloomberg Radio, Right, John, Thanks, So, we're also following the

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Speaker 5: e coli outbreak that's impacting McDonald's and other fast food chains.

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Speaker 5: Burger King and Young Brands, which owns Taco Bell, Pizza

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Speaker 5: hug In KFC, removed onions from some of their locations yesterday.

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Speaker 5: The restaurant industry is on alert after the CDC Sidney

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Speaker 5: coli outbreak, likely tied to pre slivered onions served on

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Speaker 5: McDonald's quarter pounders, sickened dozens of people in the US

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Speaker 5: and killed.

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Speaker 2: One And finally, Karen, after eight months in space, four

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Speaker 2: astronauts are back on Earth and endeavor.

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Speaker 9: We see the same on behalf of SpaceX.

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Speaker 4: Welcome Home.

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Speaker 2: That was the sound from SpaceX this morning after the

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Speaker 2: company's capsule, with a crew of three American astronauts and

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Speaker 2: one Russian cosmonaut on board, parachuted into the Gulf of Mexico.

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Speaker 2: Their mission lasted two hundred and thirty five days, three hours,

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Speaker 2: and thirty five minutes, during which the space station circled

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Speaker 2: the globe three thousand, seven hundred seventy six times that

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Speaker 2: covers one hundred million miles. These astronauts were supposed to

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Speaker 2: be back on Earth two months ago, they were delayed

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Speaker 2: by capsule trouble for Boeing Starliner and Hurricane Milton.

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Speaker 5: And it's time now for a look at some of

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Speaker 5: the other stories making news in New York and around

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Speaker 5: the world. And for that we're joined by Bloomberg's Michael Barr. Michael,

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Speaker 5: Good Morning, Good morning.

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Speaker 4: Karen Eric and Lyle Menendez are being recommended for re

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Speaker 4: sentencing with the eligibility for parole for the nineteen eighty

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Speaker 4: nine murders of their parents. Los Angeles County District Attorney

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Speaker 4: George Gascon says he's recommending their release under California's Youthful

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Speaker 4: Parole law.

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Speaker 10: I'm recommending that they be released because I believe that

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Speaker 10: the people that there were at age nineteen and twenty one,

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Speaker 10: it is not the same people that we're seeing thirty

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Speaker 10: five years later.

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Speaker 4: Defense lawyer Mark Gerrigos represents the brothers.

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Speaker 11: These boys need to come home, and today is a monumental,

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Speaker 11: monumental victory on that path.

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Speaker 4: The brothers said they feared their parents were about to

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Speaker 4: kill them to stop people from finding out that Jose

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Speaker 4: Menendez had sexually abused Eric Menendez for years. A judge

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Speaker 4: will need to go along with Gascun's recommendation, and then

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Speaker 4: a parole board must approve. The final stop is with

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Speaker 4: the California governor, who could reject the board's decision. Gaza

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Speaker 4: Health officials say and Israeli strike this morning killed thirty

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Speaker 4: eight people in Conunis. It comes as another Israeli strike

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Speaker 4: on a compound housing journalists in southeast Lebanon killed three

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Speaker 4: media staffers. Army officials that a person of interest has

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Speaker 4: been taken into custody and connection to the suspected murder

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Speaker 4: of a soldier at Fort Leonard Wood in Missouri. The

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Speaker 4: body of twenty three year old Sergeant Sarah Roquet was

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Speaker 4: found earlier this week in a dumpster. Army Major General

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Speaker 4: Christopher Beck, the Department.

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Speaker 12: Of the Army Criminal Investigation Division is investigating her death

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Speaker 12: as a potential homicide.

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Speaker 4: They are working.

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Speaker 11: Closely with the FBI other law enforcement agencies.

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Speaker 4: Major General Beck. President Biden traveled to Arizona to issue

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Speaker 4: an apology to the Native American community for the federal

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Speaker 4: government's role in removing Native children from their homes to

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Speaker 4: send them to abusive boarding schools for decades. It follows

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Speaker 4: an investigation launched by a Secretary of the Interior, deb Holland.

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Speaker 13: For more than a century, tens of thousands of Indigenous children,

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Speaker 13: as young as four years old were taken from their

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Speaker 13: families and communities and forced into boarding schools run by

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Speaker 13: the US government and religious institutions.

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Speaker 4: The investigation found at least nine hundred and seventy three

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Speaker 4: children died in schools across dozens of states and territories.

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Speaker 4: Global News twenty four hours a day and whenever you

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Speaker 4: want it with Bloomberg News Now. Michael Barrn. This is

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Speaker 4: Bloomberg Herron.

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Speaker 5: All right, Michael barr thank you time now for the

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Speaker 5: Bloomberg Scores update, brought to you by Trying State Outie.

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Speaker 5: Here's John Stashauer.

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Speaker 12: John, all right, Karen, it's a night Yankee fans I've

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Speaker 12: been waiting for for fifteen years, a draft that matched

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Speaker 12: the longest and Yankee history for time between World Series games.

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Speaker 12: They start their forty first World Series. That's still more

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Speaker 12: than a third of all the Fall Classics. They're going

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Speaker 12: for their twenty eighth championship, and they have their ace

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Speaker 12: on the mount. Tonight, Garrett Cole will face the Dodgers.

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Speaker 14: You obviously know of the talent and know of the

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Speaker 14: you know the progress of the other team and how

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Speaker 14: they can swing the bat. With high advocacy, I think

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Speaker 14: that they are going to get their hits at some

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Speaker 14: point of this series. They are good players, and they obviously,

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Speaker 14: you know, have played really well to this point.

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Speaker 12: And Dodgers have an offense that just scored thirty seven

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Speaker 12: runs and their four NLCS wins over the Mets. They

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Speaker 12: have a deep bullpen, but there without four injured starting pitchers,

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Speaker 12: they to go with Jack Flerty seven scoreless innings in

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Speaker 12: Game one against the Mets, but in his two other

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Speaker 12: postseason starts, Flerty gave up twelve runs. Week eight also

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Speaker 12: began in La. The Rams took their first lead with

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Speaker 12: two and half minutes left third quarter. They beat the

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Speaker 12: Vikings thirty to twenty. Matthew Stafford four touchdown passes, Minnesota's

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Speaker 12: second loss a starting five and oh last spring, the

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Speaker 12: Panthers ended the Rangers season, then won the Stanley Cup,

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Speaker 12: and last night Florida also won three one at the

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Speaker 12: Garden where tonight the next taking on the team that

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Speaker 12: ended their season, the Indiana Pacers, Nick's blown out and

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Speaker 12: their opener in Boston. Celtics last night one in Washington

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Speaker 12: won twenty two to one oh two. Dallas won its

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Speaker 12: opener Klay Thompson's debut with the MAVs. He made six

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Speaker 12: three pointers. The ex Nick Julius Randall thirty three points

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Speaker 12: from Minnesota and a win at Sacramento College football Pittsburgh

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Speaker 12: now seven to oh forty one to thirteen over Syracuse,

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Speaker 12: whose quarterback Kyle McCord through five interceptions there were three

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Speaker 12: pit pick sixes. George Stish were Bloomberg Sports Karen Nathan.

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Speaker 4: Coast to coast on Bloomberg Radio nationwide on sirius XM

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Speaker 4: and around the world on Bloomberg dot Com and the

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Speaker 4: Bloomberg Business app.

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Speaker 2: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. With

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Speaker 2: eleven days till the election, both Kamala Harris and Donald

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Speaker 2: Trump were turning the heat up on each other on

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Speaker 2: the campaign trail.

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Speaker 3: Donald Trump has become more confused, more unstable, and more angry.

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Speaker 9: Are you better off now.

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Speaker 4: That you were four years ago?

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Speaker 2: I don't think so now. The former president rallied his

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Speaker 2: supporters last night in Las Vegas, while the vice president

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Speaker 2: was campaigning in the Atlanta area, with former President Obama

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Speaker 2: and Bruce Springsteen in tow Joining us this morning to

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Speaker 2: talk about the race are Bloomberg's Derek Wallbank and Kevin Whitelog.

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Speaker 2: Good morning to both of you. Derek, where does the

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Speaker 2: race stand with eleven days out?

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Speaker 15: Nathan, We are sitting and dancing on the tip of

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Speaker 15: a pin right now. It is very, very close in

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Speaker 15: the presidential race and across the key swing states we

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Speaker 15: are seeing we are seeing a lot of tightness in polls.

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Speaker 15: We're seeing signs that are good for both sides in

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Speaker 15: the early vote, depending on what you're looking at and

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Speaker 15: right now, as you just played in those clips, you're

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Speaker 15: seeing Kamala Harrison Donald Trump targeting very similar audiences. A

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Speaker 15: lot of this final pitch is geared at voters who

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Speaker 15: are a very very thin slice of the electorate. It's

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Speaker 15: that group that isn't really sure about either of them,

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Speaker 15: maybe doesn't like either of them, not necessarily confident about

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Speaker 15: where the economy is, but not necessarily confident about throwing

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Speaker 15: Donald Trump back into the White House again. So you

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Speaker 15: are seeing those pitches a lot of high negatives about

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Speaker 15: the opponents, a lot of contrast, because this really could

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Speaker 15: go any sort of way. It's entirely plausible that Donald

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Speaker 15: Trump wins with more than three hundred electoral votes. It's

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Speaker 15: entirely plausible Kamala Harris does the same. And it's also

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Speaker 15: critically entirely plausible that we are waiting for days plural

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Speaker 15: maybe even a week or more to figure out what

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Speaker 15: the actual result was.

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Speaker 2: Let's bring Kevin Whitelaw into this conversation we've heard in

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Speaker 2: just these last few hours, Kevin Kamala Harris seizing on

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Speaker 2: these reports in the Atlantic and The New York Times

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Speaker 2: that former President Trump has said nice things about Adolf

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Speaker 2: Hitler and at the same time, we're hearing from former

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Speaker 2: President Trump calling the US a garbage can because of

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Speaker 2: what at the border. The negatives really seem to be

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Speaker 2: ramping up in these final days.

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Speaker 9: Yeah, well, obviously, you know, as we as we enter

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Speaker 9: this this home stretch, I think both candidates are looking

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Speaker 9: to try to, you know, figure out what their closing

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Speaker 9: messages are. And obviously at this point I think, you know,

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Speaker 9: for for Kamala Harris, one of those strong messages that

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Speaker 9: I think that her people think can can move people

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Speaker 9: towards towards her is is just a reminder of of

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Speaker 9: of just you know, sort of why so many people

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Speaker 9: did get sort of you know, you moved away from

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Speaker 9: Donald Trump and and we're gonna have trouble voting for him.

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Speaker 9: And so I think this, this sort of Hitler sort

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Speaker 9: of set of remarks has been obviously well timed as

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Speaker 9: far as Kamala Harris is can, but it does sort

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Speaker 9: of have a pretty stark contrast to the headline on

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Speaker 9: the on Bloomberg right now is Springsteen Obama rally for Harris.

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Speaker 9: Trump denies Hitler remarks. Normally you know this this would

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Speaker 9: suggest that one campaign is perhaps doing better than the other,

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Speaker 9: but as Derek was saying, this one is so close

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Speaker 9: that you're ultimately dealing with only, you know, a very

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Speaker 9: tiny number of true undecided. And for the most part,

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Speaker 9: it's really just about getting people motivated to vote, comfortable

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Speaker 9: to vote, and ready to pull the lever for one

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Speaker 9: or the other.

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Speaker 2: And to that point, on top of the Bloomberg News

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Speaker 2: Morning Console poll that showed just how tight the races

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Speaker 2: in all seven swing states, you've got a new New

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Speaker 2: York Times Siena College National Likely voter poll that shows

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Speaker 2: Kamala Harris and Donald Trump at forty eight percent a piece.

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Speaker 2: What does this say, Derek, Yeah, Derek, about where things

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Speaker 2: could go in this next week and a half. I mean,

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Speaker 2: is there any room for either side to make a

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Speaker 2: mistake here?

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Speaker 15: You know, Nathan, I think Kevin said it right. It's

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Speaker 15: a lot about turning out your voters at this point, right,

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Speaker 15: Kamala Harris is going to be looking to try and

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Speaker 15: drive particularly women to the poll. We've seen in some

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Speaker 15: special elections after the Supreme Court's Dobbs decision on abortion,

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Speaker 15: an over performance among Democrats in down ballot races that

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Speaker 15: they're really hoping can translate here, and you are seeing

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Speaker 15: in some early votes, some indications that women are coming

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Speaker 15: out in quite high numbers. At the same point, Donald

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Speaker 15: Trump is going to be is doing I think, far

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Speaker 15: better than many people expected at turning out some rural voters,

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Speaker 15: especially in Georgia, especially in North Carolina. So there is

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Speaker 15: going to be a sort of like trying to pastiche

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Speaker 15: this together because you are trying to get the votes

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Speaker 15: out in these very specific constituencies, in these very specific

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Speaker 15: you know, sort of state borders. If you're in North Carolina,

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Speaker 15: on the western edge of North Carolina, your vote is

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Speaker 15: going to matter a lot more than somebody on the

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Speaker 15: very eastern tip of Tennessee, right.

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Speaker 5: You know.

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Speaker 15: That's just sort of the way the US works in

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Speaker 15: elections like this, And they're very clear about this, they

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Speaker 15: know all of this. What I would say is that,

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Speaker 15: and it's important for people to look at when they're

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Speaker 15: looking at the map, a general tie vote is probably

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Speaker 15: better for Donald Trump once you get to state, because

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Speaker 15: the Electoral College has a little bit the way the

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Speaker 15: votes are going right now, a little bit of a

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Speaker 15: hum towards the GOP. So a tie in a national

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Speaker 15: vote is probably better news for Donald Trump than it

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Speaker 15: is for Kabla Harris.

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Speaker 2: And to the point about this race sort of turning

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Speaker 2: into a national conversation here, Kevin, We're going to see

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Speaker 2: Vice President Harris holding a rally later today in the

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Speaker 2: non swing state of Texas, joined by Beyonce, ramping up

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Speaker 2: star power once again, and former President Trump this weekend

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Speaker 2: is going to be holding a rally at Madison Square Garden.

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Speaker 2: What do you make of the final stage strategy here

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Speaker 2: focusing not just on the swing states, but bringing this

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Speaker 2: to a more national audience.

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Speaker 9: Well, I think when you can get Beyonce, you go

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Speaker 9: to Beyonce. You don't ask her to come to you.

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Speaker 9: So I think in this case, Kamala Harris is trying

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Speaker 9: to harness whatever she can by way of the star

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Speaker 9: star you know, star wattage that that that has been

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Speaker 9: coming out for her. Obviously, Bruce Springsteen, Barack Obama we've

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Speaker 9: seen and I think James Taylor was with Tim Walls,

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Speaker 9: and now you do have Beyonce. So I think that's

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Speaker 9: probably says more just about the straight logistics of making

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Speaker 9: that happen, because obviously they are looking for ways to

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Speaker 9: make sure that people see her appeal across a number

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Speaker 9: of different demographics. For Trump, I think it's.

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Speaker 11: Always been about the high profile, high splash sort of moments,

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Speaker 11: and and you know, playing square garden is a way

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Speaker 11: I think for him to sort of rally the base

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Speaker 11: as watching watching him enter what obviously is otherwise a

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Speaker 11: Democratic stronghold.

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Speaker 2: And of course Donald Trump has his own star power

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Speaker 2: in the form of the world's richest man, Elon Musk.

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Speaker 2: And now there's this report in the Wall Street Journal

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Speaker 2: that Musk has been in regular contact, apparently with Russian

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Speaker 2: President Vladimir Putin for at least two years now. Derek,

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Speaker 2: does that have any impact on the race. Do you

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Speaker 2: think this report that Elon Musk is trying to dive

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Speaker 2: even deeper into geopolitics.

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Speaker 15: Well, I'm not really sure how much of an impact

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Speaker 15: that's going to have in terms of turning actual votes

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Speaker 15: right now, because it's kind of hard to see how

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Speaker 15: many votes are out there moving because of proxies. To

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Speaker 15: Kevin's point, right, you use the proxies that you have

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Speaker 15: in Musk has been a huge Donald Trump proxy, but

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Speaker 15: they're sort of giving awareness and ultimately that voting ballot

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Speaker 15: choice is between Donald Trump and Kamala Harris, not between

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Speaker 15: Elon Musk and Taylor Swift. Right, But it does highlight

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Speaker 15: a sort of sensitivity on the governing side and in

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Speaker 15: terms of how it affects Musk's own business lines. Right,

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Speaker 15: he is, among other things, a massive, massive government contractory

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Speaker 15: in a whole lot of ways, from Starlank and Internet

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Speaker 15: service to the SpaceX and spaceflight and all manner of

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Speaker 15: other things. Right, And to the degree that Harris wins,

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Speaker 15: you can imagine additional scrutiny onto all of those business lines.

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Speaker 15: To the degree that Trump wins, you can imagine perhaps

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Speaker 15: substantially less scrutiny and maybe even more incentives towards there.

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Speaker 15: So somebody like Elon Musk, and Musk has said this

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Speaker 15: himself in some words, it has a lot writing on

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Speaker 15: this race.

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Speaker 2: Got about a minute left, Kevin. Your take on the

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Speaker 2: Elon Musk Wall Street Journal report what it could mean

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Speaker 2: potentially with Elon Musk looking for a potential position in

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Speaker 2: the Trump administration.

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Speaker 9: Yeah, I mean, I think ultimately this is probably more

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Speaker 9: more of a more of an issue going forward for

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Speaker 9: both Musk's companies, but also, as you say, but you know,

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Speaker 9: the possibilities has been talked about for him to have

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Speaker 9: an official role in the administration. I mean, I think

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Speaker 9: for for folks who've been watching, you know, Donald Trump

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Speaker 9: in his stance uh toward Russia and his remarks about

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Speaker 9: sort of where the war in Ukraine should end up,

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Speaker 9: I think this sort of only adds to a set

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Speaker 9: of concerns that that a Trump administration, particularly if it

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Speaker 9: had Musk, and it would would potentially shift US policy

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Speaker 9: towards Russia quite substantially. But in the meantime there's also

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Speaker 9: raises some very interesting questions about sort of security clearances

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Speaker 9: which obviously Musk and his company have for for some

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Speaker 9: of the various sensitive operations that they do with the

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Speaker 9: US military and very likely with the intelligence communities, so

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Speaker 9: definitely sparking it would definitely spark levels of concern in

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Speaker 9: a number of different areas.

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