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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, Karen.

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Speaker 2: We began in Chicago for nine two of the Democratic

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Speaker 2: National Convention, taking center stage former President Barack Obama and

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Speaker 2: former First Lady Michelle Obama. The Chicago Natives highlighted Kamala

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Speaker 2: Harris's vision for the country while directing sharp jabs at

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Speaker 2: former President Trump. Former President Obama praised Harris as the

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Speaker 2: party's future.

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Speaker 3: Discourage and conflict, fighting disease, promoting human rights, protecting the

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Speaker 3: planet from klimate change, the feminine freedom, Brooklyn peace.

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Speaker 4: That's what Kanada.

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Speaker 5: Harris Bill is, and so the most America.

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Speaker 2: And the former president called Donald Trump a billionaire who

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Speaker 2: has not stopped whining about his problem since he sought

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Speaker 2: the presidency in twenty fifteen.

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Speaker 3: There's the childish nicknames, the crazy conspiracy theories, this weird

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Speaker 3: obsession with crowd sizes.

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Speaker 2: Along with Barack Obama, his wife Michelle drew huge applause

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Speaker 2: with a jab at Trump's promise to deliver more quote

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Speaker 2: black jobs.

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Speaker 6: Who's gonna tell him, Who's gonna tell him that the

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Speaker 6: job he's currently seeking might just be one of those black.

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Speaker 2: Jobs, and along with Michelle and Barack Obama, featured speakers

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Speaker 2: on the night included Vermont Senator Bernie Sanders and Illinois

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Speaker 2: Governor J. B.

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Speaker 7: Pritzker.

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Speaker 1: Well Nathan After making a surprise appearance on the first

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Speaker 1: night of the DNC, Vice President Harris was absent last night,

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Speaker 1: but she wasn't too far away. Harris and her running

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Speaker 1: mate Tim Watz, We're holding a campaign rally in Milwaukee.

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Speaker 1: The Harris campaigns hoping to rebuild the multi ethnic, multi

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Speaker 1: generational coalition that elected Obama twice. And in the latest

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Speaker 1: Bloomberg Morning Consul pull Harrison Trump or in a statistical

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Speaker 1: dead heat in the swing states that will likely to

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Speaker 1: sign November's election. The statistical margin of error is plus

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Speaker 1: or minus one percentage point across the seven swing states.

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Speaker 2: Meanwhile, Karen Trump is testing out new messaging for his

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Speaker 2: third presidential campaign. Bloomberg's At Baxter has that story.

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Speaker 8: Trump is trying to change his strategy midstream, with the

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Speaker 8: other side talking about unity and about him being a

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Speaker 8: divisive figure participating in culture wars, so he is now

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Speaker 8: saying he is not radical. Quote, I'm just a common

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Speaker 8: sense person that has been successful. Common sense. He's been

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Speaker 8: in Michigan talking that regarding law enforcement.

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Speaker 4: This is a very dangerous time that we're in.

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Speaker 1: It's dangerous in terms of crime and all, but it's

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Speaker 1: very dangerous in terms of impossible World War three.

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Speaker 8: He also says about the party Conservative, Yeah, I guess conservative.

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Speaker 8: It doesn't matter at Baxter Bloomberg Radio.

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Speaker 2: Right, thank you, and as the name gets to know,

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Speaker 2: Trump's running mate JD. Vance, along with Harris's running mate

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Speaker 2: Tim Waltz, the Ohio Senator, is off to a rockier start.

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Speaker 2: A new poll from the Associated Press and NRC Center

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Speaker 2: for Public Affairs Research shows about one third of American

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Speaker 2: adults have a favorable view of Waltz twenty seven percent

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Speaker 2: have a positive view of Vans. Both are well liked

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Speaker 2: within their parties, but significantly more adults have also have

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Speaker 2: an unfavorable view of Vance than Waltz. The poll's margin

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Speaker 2: of area is plus or minus three point eight percentage points.

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Speaker 2: Waltz speaks at the DNC tonight on.

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Speaker 1: Nathan turning to the Middle East. Now, US Secretary of

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Speaker 1: State Anthony Blincoln left the region after failing to secure

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Speaker 1: a deal to stop the fighting between Hamas and Israel.

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Speaker 1: Before boarding a plane to Washington, Blincoln emphasized an urgent

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Speaker 1: need for a peace deal.

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Speaker 3: Our message is simple, it's clear, and it's urgent.

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Speaker 8: We need to.

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Speaker 3: Get the ceasefire and hostage agreement over the finish line,

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Speaker 3: and we need to do it now.

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Speaker 1: And Secretary of State Blincoln met with Egyptian and could

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Speaker 1: try officials before returning home. It marked is Nei the

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Speaker 1: trip to the Middle East since the war began last year.

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Speaker 2: Well, saying overseas, Karen, we continue to follow the tragedy

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Speaker 2: off the coast of Sicily. British tech tycoon Mike Lynch

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Speaker 2: is one of six people feared dead after a storm

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Speaker 2: sank the luxury yacht they were on. Earlier this week.

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Speaker 2: Morgan Stanley International chairman Jonathan Bloomer is also among those

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Speaker 2: missing six. The Italian Coastguard says it will continue the

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Speaker 2: search for the sunken wreckage today.

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Speaker 1: Well, turning now to the economy, Nathan, Traders are gearing

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Speaker 1: up for a key speech from FED chair j Powell

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Speaker 1: at Jackson Hole this Friday. Bond traders are currently taking

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Speaker 1: on a record amount of risk with leverage positions in

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Speaker 1: Treasury futures sitting at an all time high. It marks

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Speaker 1: a big bet that the Fed's readying to cut interest rates.

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Speaker 1: Bloomberg Chief economist Anna Wong says she expects Powell to

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Speaker 1: deliver a dubvish signal on Friday.

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Speaker 9: I think Powell will declare that the balance of risk

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Speaker 9: between the full employment and at price stability mande is

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Speaker 9: about e now, and we have complete the economy has

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Speaker 9: completed the process of normalization, and basically he just I

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Speaker 9: think it's a green light for right cuts in the future.

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Speaker 1: Bloomberg Chief economist Anda Wong says traders will get further

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Speaker 1: clues on possible cuts later today when the FED issues

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Speaker 1: minutes of July's policy meeting. Make sure to catch a

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Speaker 1: special edition of Bloomberg Surveillance Lie from Jackson Hole That's Friday,

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Speaker 1: starting at nine am Wall Street Time on Bloomberg Radio

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Speaker 1: and television.

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Speaker 2: The Karen Traders are also closely following Fed speak for

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Speaker 2: more clues on potential right cuts. FED Governor Michelle Bowman

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Speaker 2: said she would support decreases if growth in prices slows further.

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Speaker 2: Bowman spoke at the Alaska Bankers Association Anchorage. She also

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Speaker 2: warned of upside risk from geopolitics and increased housing.

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Speaker 1: Demand, and turning now to a key ruling in Texas Nathan,

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Speaker 1: a federal judge has ruled the US Federal Trade Commission

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Speaker 1: cannot enforce its near total ban on non compete agreements

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Speaker 1: because the agency lacked the thirty to enact the rule.

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Speaker 1: Judge Ada Brown in Dallas said the FTC's rule is

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Speaker 1: unreasonably over broad. It prevents the agency rule from going

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Speaker 1: into effect in September. The FDC said it's considering a

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Speaker 1: potential appeal.

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Speaker 2: Let's get to some company news now. Karen Walmart raised

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Speaker 2: as much as three point seven billion dollars selling its

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Speaker 2: stake in Chinese e commerce firm JD dot Com. The

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Speaker 2: company's Hong Kong listed shares fell as much as twelve

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Speaker 2: percent on the news. It's assigned Walmart is refining its

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Speaker 2: strategy in China, which continues to face economic headwinds well.

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Speaker 1: Also on the company news from Nathan, Netflix shares hit

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Speaker 1: their first record in three years, taking out a high

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Speaker 1: that stood since late twenty twenty. It comes after the

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Speaker 1: streaming giant disclosed on more than one hundred and fifty

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Speaker 1: percent increase in upfront ads sales commitments compared to twenty

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Speaker 1: twenty three.

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Speaker 2: And we got some big news this morning for our

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Speaker 2: listeners in New England, Karen, because Bloomberg one oh, six'

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Speaker 2: one and thirteen thirty are moving to ninety two nine

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Speaker 2: FM this morning. But September third is when you can

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Speaker 2: start listening to Bloomberg Radio in and around Boston on

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Speaker 2: ninety two to nine FM, your new source for business

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Speaker 2: news from the financial center of New England. Bloomberg Radio

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Speaker 2: coming to ninety two nine FM noon the day after

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Speaker 2: Labor Day.

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Speaker 1: Ye time over look at some of the other stories

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Speaker 1: making news in New York and around the world, and

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Speaker 1: for that were joined by Bloomberg's Michael Barr Michael, good morning, Good.

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Speaker 10: Morning, Karen. There were other speakers as well. During the

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Speaker 10: second night at the Democratic National Convention. Senator Chuck Schumer

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Speaker 10: of New York agreed with former President Barack Obama and

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Speaker 10: First Lady Michelle Obama this is not the time to

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Speaker 10: sit back and coast. After his speech, the Senate Majority

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Speaker 10: leader spoke to ABC.

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Speaker 7: Nobody does it better than Obama, but Michelle came real close.

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Speaker 7: I mean, they were incredible and appealing both to the

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Speaker 7: the problems of what a Trump administration would do.

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Speaker 10: On Monday night, New York Representative Alexandria Ocassio Cortes spoke

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Speaker 10: calling on Democrats to make history on November fifth. Now

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Speaker 10: that New Jersey Senator Bob Menendez is now out of

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Speaker 10: a job after his conviction on corruption charges, Senators have

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Speaker 10: to figure out who will fill his seat on some

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Speaker 10: powerful committees. Senate Democrats will likely use and interim appointee

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Speaker 10: to fill those seats on the Finance, Banking, and Foreign

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Speaker 10: Relations committees when the chamber returns early next month. An

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Speaker 10: emerging short term option would be to hand the assignments

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Speaker 10: to Democratic Senator designate George Helming, who new Jersey Governor

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Speaker 10: Field Murphy appointed as a temporary replacement through the November

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Speaker 10: general election. An explosion destroyed a Pennsylvania house, killing one

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Speaker 10: person and injuring another. Firefighters in Lackawana County put the

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Speaker 10: flames out at home in Jefferson Township. This neighbor felt

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Speaker 10: the blast.

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Speaker 11: I was mowing my backyard and I was head of

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Speaker 11: this direction and basically just a huge boom.

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Speaker 10: Investigators initially leave a pro pane leak in the home

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Speaker 10: caused the blast. And Independent Commission released its report on

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Speaker 10: the serial shooting in Lewiston, Maine, last October, which killed

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Speaker 10: eighteen people and injured thirteen others. Dan Wathaon, chairman of

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Speaker 10: the Independent Commission that investigated the shooting, says Robert cart

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Speaker 10: was solely responsible for the shooting spree, but saying opportunities

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Speaker 10: weremissed before the attack. Watham says the Army Reservist superiors

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Speaker 10: failed to share information with the local sheriff's office about

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Speaker 10: cards threatening and aggressive behavior and his collection of guns.

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Speaker 11: The Army Reserve neglected to share all the information relating

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Speaker 11: to cards threatening behavior with the sheriff's office and discouded

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Speaker 11: some of the evidence about the threat He polls.

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Speaker 10: Global news twenty four hours a day and whenever you

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Speaker 10: want it with Bloomberg News Now. I'm Michael Barne. This

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Speaker 10: is Bloomberg.

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Speaker 1: Hearen, hurry, Michael Barr thank you Bes. Time now for

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Speaker 1: the Bloombergs Update with John Stashauer.

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Speaker 4: John, good morning, Good morning, Karen. With extra innings continuing

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Speaker 4: to begin with the runner at second base. Games don't

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Speaker 4: normally last twelve innings anymore. Of the Yankees and Guardians

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Speaker 4: did go twelve at the Stadium, longest game played in

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Speaker 4: the Majors this season in Cleveland, erupted with six runs

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Speaker 4: in the twelfth David fry At a three run trip

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Speaker 4: with the Guardians one nine to five, a game that

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Speaker 4: saw sixteen different pitchers used. Thirty two runners were left on.

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Speaker 4: Bajuan Soto and Aaron Judge began the night with back

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Speaker 4: to back first hitting homer, Soto's thirty fifth the season

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Speaker 4: to tire career high number forty five for Judge. The

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Speaker 4: rare knight that saw both New York teams play at

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Speaker 4: home at Cityfield. Baltimore led seven to one in the

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Speaker 4: fifth inning. Mets scored four in the eighth JD. Martinez

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Speaker 4: At a three run homer, but the Orioles won nine

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Speaker 4: to five, and they moved back ahead of the Yankees

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Speaker 4: into first place in the Al East. Mets fall two

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Speaker 4: and a half behind Atlanta for the last playoff spot.

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Speaker 4: Braves beat the Phillies three to one. Atlanta just lost

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Speaker 4: third baseman Austin Riley for the rest of the season

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Speaker 4: broken hand. They have signed one time Yankee, Geo or Sela.

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Speaker 4: He just got released in Detroit Red Sox, the ex

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Speaker 4: met Dom Smith. The Stots one, six to five in Houston.

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Speaker 4: Jaron Durant four hits, including the go ahead home run

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Speaker 4: eighth inning. Jets the Giants course Sheriff Stadium. They'll play

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Speaker 4: a preseason game there on Saturday today, a joint practice

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Speaker 4: between the two New York teams. Here's Aaron Rodgers.

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Speaker 12: Excited to see see Elik. You know, see what he's

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Speaker 12: on about. A good opportunity for end. We're going to

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Speaker 12: get some, you know, our premier corners. And anytime you

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Speaker 12: get teams together, it's always interesting you see how it

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Speaker 12: shakes out as far as you know, personalities and pushing

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Speaker 12: and shoving, and there's you know, there's a fear of

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Speaker 12: somebody throwing a punch.

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Speaker 4: And Rodgers was referring to the Giants. Rookie white Out

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Speaker 4: maleak Neighbors US Open starts Monday. Yannie Center is the

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Speaker 4: men's top seed. He tested positive for steroids this past spring,

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Speaker 4: but it's been ruled and it was in his system unintentionally.

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Speaker 4: Center will be allowed to play the Open. John Stashed

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Speaker 4: wear Bloomberg.

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Speaker 5: Sports Coast to Coast on Bloomberg Radio, nationwide on SEREA XM,

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Speaker 5: and around the world on Bloomberg dot Com and the

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Speaker 5: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 5: Nathan Hager.

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Speaker 2: Night two of the Democratic National Convention saw Barack and

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Speaker 2: Michelle Obama energize the crown in Chicago with a rousing

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Speaker 2: endorsement of Kamala Harris and a warning about Donald Trump.

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Speaker 3: We do not need four more years a bluster and

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Speaker 3: bumbling and chaos. We have seen that movie before, and

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Speaker 3: we all know that the sequel is usually worse.

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Speaker 9: For more.

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Speaker 2: This morning, we were joined by Lindsay Newman, geopolitical risk

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Speaker 2: expert and calumnist for G zero Media. Lindsey, good morning.

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Speaker 2: We heard the Obamas sort of try to recapture that

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Speaker 2: energy from two thousand and eight. Can Kamala Harris carry

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Speaker 2: that forward?

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Speaker 13: Good morning morning, Nathan, Thanks for having me on you.

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Speaker 13: This week's Democratic National Convention, as you say, represents a

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Speaker 13: big test, and it's fair to say that Democrats have'sen

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Speaker 13: a massive reversal and fortune over the last month. By

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Speaker 13: most accounts, just about a month ago, six weeks ago,

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Speaker 13: Donald Trump was slow walking to that sequel in November

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Speaker 13: that we heard at the start here, and now the

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Speaker 13: storyline has totally changed. I've heard people reflect on what's

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Speaker 13: going on on the ground and the DNC as Democrats

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Speaker 13: having faced a near death experience, Harris now head to

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Speaker 13: head with Donald Trump. And of course, last night's theme

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Speaker 13: around a bold vision for America, as you say, was

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Speaker 13: headlined by the Obamas, who really wrapped Harris in this

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Speaker 13: brand of hope that was so powerful when Obama ran

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Speaker 13: for president in two thousand and eight the first time.

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Speaker 13: And Harris's campaign has to be thrilled with how well

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Speaker 13: the Obamas told it last night. You know, they contextualized

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Speaker 13: her this moment. They embraced Harris's candidacy, saying that Harris

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Speaker 13: is here for you. Michelle Obama said, the narrative is

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Speaker 13: about her story is your story, and so that was

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Speaker 13: a you know, this is a big moment for the

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Speaker 13: campaign last night.

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Speaker 2: I want to bring in a little bit more of

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Speaker 2: what the former First Lady had to say as well,

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Speaker 2: her warnings about the potential impact of former President Trump

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Speaker 2: on this race. Let's listen to that.

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Speaker 6: If they lie about her, and they will, we've got

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Speaker 6: to do something. If we see a bad poll, and

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Speaker 6: we will, we got to put down that phone and

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Speaker 6: do something.

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Speaker 2: Till now, there's been some downplaying of the idea of

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Speaker 2: a threat to democracy that former President Trump poses, at

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Speaker 2: least as the Democrats see it. What did you make

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Speaker 2: of the message from Kamala Harris last or I'm sorry

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Speaker 2: for Michelle Obama last night.

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Speaker 13: Well, one of the big storylines that Michelle Obama clearly

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Speaker 13: transmitted was that time is short. Barack Obama said, the

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Speaker 13: job is, there's a job to do. It's only eleven weeks.

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Speaker 13: Michelle said, you know, don't mind the foolishness if somebody

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Speaker 13: hasn't called you up and said register to vote and

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Speaker 13: get out to vote. It's time to do the work,

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Speaker 13: you know, to do something and can I just are

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Speaker 13: typically the sort of electrifying, unifying moments, but how well

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Speaker 13: Harris holds together this party, including around fault line issues

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Speaker 13: that are we're seeing along the sidelines Israel, Gaza, but

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Speaker 13: also really begins this final campaign push, you know, after

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Speaker 13: Labor Day, more eyes will be tuned in. Harris's fairy

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Speaker 13: tale summer may come to an end. Whether it's a

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Speaker 13: fairytale fall, we'll find out. But she's going to quickly

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Speaker 13: be taking that debate stage against Donald Trump. Voters are

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Speaker 13: going to be seeing her side to side, it's going

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Speaker 13: to become much more focused in on policy and nuts

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Speaker 13: and bolts. Barack Obama tried to sort of head this

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Speaker 13: off by saying in his speech, you know, it's not

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Speaker 13: really about policy or program, It's really more about what

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Speaker 13: we all yearn for this America that is returning to

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Speaker 13: America that.

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Speaker 2: They knew before.

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Speaker 13: But this is the reality of what lies ahead over

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Speaker 13: these next eleven weeks.

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Speaker 2: About thirty seconds left. What do you expect to hear

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Speaker 2: from Tim Waltz as he introduces himself to a national

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Speaker 2: audience tonight.

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Speaker 13: Yeah, as you say, tonight is about the fight for

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Speaker 13: our freedoms as the theme we have Waltz and Bill Clinton,

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Speaker 13: we expect to see more of what we've seen from him,

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Speaker 13: this sort of coach campaigner, a man, you know, the

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Speaker 13: guy next door that everybody's sort of excited about in

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Speaker 13: embracing and that comfort zone. And he's going to be

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Speaker 13: a key surrogate for Harris.

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Speaker 2: This is Bloomberg Daybreak Today, your morning brief on the

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Speaker 2: the iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager.

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Speaker 1: And I'm Karen Moscow. Join us again tomorrow morning for

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