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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 presidential race and a fast

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Speaker 2: moving campaign for Vice President Kamala Harris. Less than two

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Speaker 2: days after President Biden withdrew from the campaign, the vice

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Speaker 2: president has crossed the magic number of nineteen hundred and

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Speaker 2: seventy six pledge delegates to clinch the Democratic nomination. That's

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Speaker 2: according to an unofficial tallly from the Associated Press. Harris

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Speaker 2: told staffers at her new campaign headquarters in Wilmington, Delaware,

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Speaker 2: that she intends to earn and win the nomination.

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Speaker 3: Over the next one hundred and six days. We are

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Speaker 3: going to take our case to the American people, and

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Speaker 3: we are going to win.

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Speaker 2: Vice President Harris Scott President Biden's backing in a call

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Speaker 2: to the HQ.

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Speaker 4: The name has changed the top of the ticket, but

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Speaker 4: the mission hasn't changed at all. And by the way,

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Speaker 4: I'm not going where I'm going to be out there

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Speaker 4: in the campaign with her. With Kama I'm going to

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Speaker 4: be working like cal both as a sitting president, getting

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Speaker 4: legislation passed as well as in campaigning.

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Speaker 2: And this morning, the Harris campaign has announced it raised

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Speaker 2: more than one hundred million dollars between Sunday afternoon and

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Speaker 2: last night from more than one point one million donors,

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Speaker 2: sixty two percent of whom were first timers. Vice President

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Speaker 2: Harris has her first full fledged rally as a presidential

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Speaker 2: candidate later today in Milwaukee, where Republicans just held their

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Speaker 2: convention last week.

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Speaker 1: And soon Nathan Harris will need to recommend a running

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Speaker 1: mate to delegates ahead of the Democratic National Convention in Chicago,

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Speaker 1: and Larry Sabado, director of the University of Virginia Center

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Speaker 1: for Politics, lay's out our options.

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Speaker 5: I'm old fashioned. I think that you want to have

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Speaker 5: a balanced ticket. So you picked somebody who's not like

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Speaker 5: you but can appeal to other segments of the party

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Speaker 5: and the population. And this is all about electoral votes.

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Speaker 5: You know, you can talk about anything you want to,

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Speaker 5: but you win when you get two hundred and seventy

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Speaker 5: electoral votes. So you pick somebody who can win electoral votes.

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Speaker 5: To me, that means Governor Shapiro Pennsylvania that's nineteen electoral votes,

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Speaker 5: or Governor Cooper of North Carolina that's sixteen electoral votes.

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Speaker 5: Or Senator Mark Kelly from Arizona. That's eleven electoral votes,

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Speaker 5: plus he's already known because of his astronaut career.

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Speaker 1: Larry Sabadomi the comments on Bloombergy's balance of Power. Catch

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Speaker 1: the program weekdays from noon to two and again at

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Speaker 1: five pm on Bloomberg Radio and Television.

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Speaker 2: Well, meanwhile, Karenburry publican vice presidential nominee jd Vance use

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Speaker 2: his first solo campaign rally to slam both Kamala Harris

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Speaker 2: and Joe Biden.

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Speaker 6: Now, history will remember Joe Biden as not.

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Speaker 7: Just a quitter, which he is, but one of the.

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Speaker 8: Worst presidents in the United States of America. But my friends,

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Speaker 8: Kamala Harris is a million times worse and everybody knows it.

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Speaker 2: Speaking his hometown of Middletown, Ohio, jd Vance also said

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Speaker 2: the border crisis is a Kamala Harris crisis.

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Speaker 1: Well, turning to the markets, now, Nathan futures are lower

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Speaker 1: a day after all three major indexes started the week

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Speaker 1: with gains that end of the day above forty four

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Speaker 1: hundred and ed Yard Denny, President at Your Denny Research,

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Speaker 1: she's the blue chip index going much higher by the

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Speaker 1: end of the decade.

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Speaker 9: It's not a stretch to believe that over the remaining

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Speaker 9: decade we can get to sixty thousand. And I've got

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Speaker 9: the S and P five hundred going to eight thousand,

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Speaker 9: so it's a bull market. Just take a look at

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Speaker 9: a long term chart of the S and P five hundred,

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Speaker 9: and what you see is that bear markets occur every

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Speaker 9: now and then, but they don't last very long, and

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Speaker 9: that the fundamental trend of the market is upwards along

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Speaker 9: with the economy.

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Speaker 1: Ed Your Denny of Your Denny Research says earnings, not politics,

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Speaker 1: will drive the markets going forward.

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Speaker 2: And speaking of earnings, Karen, we get results from two

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Speaker 2: of the so called Magnificent Seven today, one of which

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Speaker 2: is Tesla. We get a preview from Bloomberg's Tom Busby.

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Speaker 10: Despite some massive staff reductions and a better than forecast

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Speaker 10: number of deliveries in the second quarter, operating margins at Tesla,

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Speaker 10: which could shrink for a sixth quarter in a row,

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Speaker 10: will be a major focus for investors. Also signs of

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Speaker 10: a rebound in China, which may point to a better

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Speaker 10: second half of the year. The real drama will come

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Speaker 10: on the earnings call, where Tesla is expected to give

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Speaker 10: an update on the progress of its long delayed Robotaxi

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Speaker 10: and any plans for a more affordable next generation vehicle.

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Speaker 10: For Q two, consensus calls for adjusted earnings per share

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Speaker 10: of sixty cents revenues of twenty four point sixty three billion.

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Speaker 10: Tom busby Bloomberg Radio.

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Speaker 1: All right, Tom, thanks. So we'll also hear from Google

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Speaker 1: parent Alphabet after the closing bill, and that company is

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Speaker 1: making news on another front. Alphabet's twenty three billion dollar

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Speaker 1: offer for cybersecurity startup Whiz has been rejected. Instead, Whiz

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Speaker 1: is sticking with a plan for an initial public offering.

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Speaker 1: The rejection is a blow to Alphabet. It's trying to

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Speaker 1: catch up with Microsoft and Amazon the competitive cloud services market.

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Speaker 2: Man Caren, we continue to watch the fallout from last

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Speaker 2: week's global it meltdown. Now the CEO of CrowdStrike is

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Speaker 2: being called to testify before a House committee. Let's get

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Speaker 2: the latest from Bloomberg's John Tucker, John.

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Speaker 11: Niate, Congress swans answers, and things could get heated for

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Speaker 11: CrowdStrike CEO George Kurtz. In a letter to Kurtz, the

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Speaker 11: leaders of the House Committee on Homeland Security say less

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Speaker 11: than one day we've seen major impacts to key functions

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Speaker 11: of the global economy, and Americans deserve to know and

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Speaker 11: detail how this incident happened. In the mitigation steps CrowdStrike

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Speaker 11: is taking well, it doesn't stop. There other Congressional committees

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Speaker 11: of as company officials for briefings. Last week's outage was

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Speaker 11: blamed on a defect and a software update and impacted

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Speaker 11: CrowdStrike customers using Microsoft Windows. Congress does have the power

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Speaker 11: to compel testimony by issuing subpoenas, but usually first assd

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Speaker 11: potential witnesses to appear voluntarily. CrowdStrike shares fell over thirteen

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Speaker 11: percent yesterday after eleven percent trot John Tucker Bloomberg Radio, All.

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Speaker 1: Right, John, thanks and that technology outage still having a

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Speaker 1: major impact on Delta. The airline says it expects to

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Speaker 1: cancel more flights this week. Delta has already grounded almost

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Speaker 1: forty seven hundred flights since Friday's meltdown, more than half

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Speaker 1: of Delta's worldwide. It relies on Microsoft Windows operating system,

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Speaker 1: which was affected by the Crown to Strike software error.

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Speaker 1: But it's time now for a look at some of

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Speaker 1: the other stories making news in New York and around

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Speaker 1: the world, and for that We're joined by Bloomberg's Michael Barr.

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Speaker 7: Michael, good morning, Good morning, Karen. The Secret Services director

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Speaker 7: says the roof where a shooter opened fire at Donald

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Speaker 7: Trump's Pennsylvania Rowley was identified as a potential vulnerability days

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Speaker 7: before the event. Director Kimberly Chetle made the comments as

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Speaker 7: she was grilled by lawmakers over the July thirteenth assassination

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Speaker 7: attempt against Trump. Cheedle told lawmakers during a congressional hearing.

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Speaker 7: We failed.

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Speaker 9: We must learn what happened.

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Speaker 1: I will move heaven and earth to ensure that an

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Speaker 1: incident like July thirteenth does not happen again.

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Speaker 7: Cheadle was slammed by both sides of the aisle, Democratic

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Speaker 7: Congressman Jamie Raskin and Maryland.

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Speaker 12: The Director has lost the confidence of Congress at a

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Speaker 12: very urgent and tender moment in the history of the country,

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Speaker 12: and we need to very quickly move beyond this.

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Speaker 7: Yesterday, Republican lawmakers visited the site in Butler, Pennsylvania, where

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Speaker 7: the gunmen tried to assassinate the former president. House Homeland

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Speaker 7: Security Vice Chair Michael guest I.

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Speaker 6: Joined many other members of Congress and calling forward the

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Speaker 6: resignation of Director Cheaterle. She must resign immediately for the

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Speaker 6: good country and for the good of the department that

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Speaker 6: she serves as secret Service.

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Speaker 7: Me while some members of Congress are filing impeachment charges

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Speaker 7: against Cheatle, an FAA investigation is ongoing after a small

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Speaker 7: plane crashed in Long Island MacArthur Airport, killing two men,

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Speaker 7: a pilot and passenger. The single engine be each craft

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Speaker 7: crashed near the end of the runway at the airport

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Speaker 7: last evening in Iceland. Suffolk County Police say, according to

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Speaker 7: a witness, the plane took off and then for some

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Speaker 7: unknown reason, attempted to return to the airport when it crashed.

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Speaker 7: The families of American hostages held by Hamas met with

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Speaker 7: National Security Adviser Jake Sullivan at the White House ahead

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Speaker 7: of Israeli Prime Minister Benjamin Netanyaho's addressed Congress tomorrow. The

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Speaker 7: Israeli leader is in Washington. The families demanded that net

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Speaker 7: Yahoo accept the peace deal to free the hostages. Rachel

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Speaker 7: Goldberg Poland is the mother of American ostriche Hirsch Goldberg.

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Speaker 3: Poland, announcing that he is ready to be doing this

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Speaker 3: deal that has taken many many, many months, many hours,

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Speaker 3: too much pain.

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Speaker 7: Meanwhile, net Yahoo would meet with President Biden later this week.

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Speaker 7: Global news twenty four hours a day and whenever you

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Speaker 7: want it with the Bloomberg News. Now, Michael mar this

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Speaker 7: is Oberg Carrott.

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Speaker 1: Sorry, Michael Barr, thank you time now for the Bloomberg

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Speaker 1: Sports Update with John stash Hour.

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Speaker 13: John, good morning, Good morning, Karen. Mets and Yankees played

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Speaker 13: a two game Subway series a month ago at Cityfield.

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Speaker 13: That's one of both, nine to seven, twelve to two.

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Speaker 13: Now it's two games in the Bronx tonight and tomorrow.

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Speaker 13: Yanks just got their sixtieth win. They hit five home runs,

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Speaker 13: none from Aaron Judge. DJ Lemayu batting just one eighty

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Speaker 13: one hit his first of the season, Anthony Volpi's first

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Speaker 13: homer since mid May. Austin Wells went yard early. One

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Speaker 13: Soto hit went out seventh, and in came up again

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Speaker 13: in the eighth.

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Speaker 8: Here Sono and he swings and drives it deep into

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Speaker 8: right field, and it is god. A hold run onto

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Speaker 8: the porch, a laser shot off the bat of one Sodo.

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Speaker 8: We continue to watch greatness from the sensational walk.

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Speaker 2: A three run Jackie.

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Speaker 8: To the porch, you'd right, and the Yankees are ahead.

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Speaker 13: Ninety one WCBS. That was the final over Tampa Bay.

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Speaker 13: Carlos were done, ending a personal five game losing streak.

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Speaker 13: When seven in is allowed, only two heads struck out ten.

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Speaker 13: David Peterson now five and oh for the Mets six

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Speaker 13: to four win at Miami. Jeff McNeil a two run

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Speaker 13: home for Francisco. Theendor homer twice, and the Mets and

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Speaker 13: the Yankees both come out of the All Star Break,

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Speaker 13: splitting the four game series. The Red Sox since the

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Speaker 13: break zero to four, lost a wild one at Colorado,

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Speaker 13: nine to eight in twelve innings. The day began for

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Speaker 13: Lebron James with news he will carry the flag at

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Speaker 13: Friday's Olympic opening ceremonies in Paris. Chosen in a vote

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Speaker 13: of the near six hundred US athletes. Lebron called it

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Speaker 13: an incredible honor. He then scored the last eleven US

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Speaker 13: points as they won their final tune up ninety two

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Speaker 13: to eighty eight over Germany. Their first Olympic game is

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Speaker 13: Sunday against Serbia. NFL training camps opening up in Green Bay.

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Speaker 13: It's without starting quarterback Jordan Loved to make ten and

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Speaker 13: a half million dollars this season. That's way below what

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Speaker 13: starting QB's Make Love is holding out until he gets

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Speaker 13: a new contract. Started the US Junior Amateur golf outside

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Speaker 13: of Detroit Tiger Woods. His fifteen year old son, Charlie

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Speaker 13: struggled with John Stash Edward Bloomberg Sports.

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Speaker 14: Karen Nathan.

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Speaker 15: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 15: and around the world on Bloomberg dot Com and the

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Speaker 15: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 15: Nathan Hager.

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Speaker 2: Well, the pieces are quickly falling into place for Vice

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Speaker 2: President Kamala Harris and her sudden presidential campaign. Just a

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Speaker 2: day after President Biden ended his run. Harris has picked

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Speaker 2: up more than enough delegates to clinch the Democratic nomination,

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Speaker 2: and she is about to head out for her first

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Speaker 2: rally as the presumptive nominee. Joining us for more as

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Speaker 2: Bloomberg News Senior editor Bill ferries. Wow, Bill, politics can

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Speaker 2: really turn on a dime at least now, We've just

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Speaker 2: got word from the Harris campaign that it's raised more

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Speaker 2: than one hundred million dollars since Sunday afternoon. Can we

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Speaker 2: talk about momentum in this race.

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Speaker 16: Now, Yeah, Nathan, thanks for having me. I mean, it's clear,

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Speaker 16: if anything, there there was a lot of money sitting

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Speaker 16: on the sidelines in the past several weeks after Joe

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Speaker 16: Biden's disastrous debate performance and then even more recently the

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Speaker 16: assassination attempt on Donald Trump. Clearly there are a lot

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Speaker 16: of doubts on the Democratic side, and this shift to

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Speaker 16: Kamala Harris has really pumped up the enthusiasm and the

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Speaker 16: willingness of donors both small and large to open up

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Speaker 16: their pocketbooks. Here one hundred million dollars, I mean, it's

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Speaker 16: dwarfing what the Biden had camped, but Biden campaign had

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Speaker 16: raised in the last month that they had the report,

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Speaker 16: and we're just talking about basically forty eight hours here.

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Speaker 16: So she is definitely having kind of a best case

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Speaker 16: scenario when you look at the first two days. She's

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Speaker 16: going to try to keep building on that with you know,

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Speaker 16: her speech later today in Milwaukee and in the base,

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Speaker 16: you know, try to keep going in the one hundred

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Speaker 16: days or so we have before this election, it's really

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Speaker 16: going to be everything's going to seem like it's on

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Speaker 16: fast forward for us.

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Speaker 7: Does.

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Speaker 2: Harris still facedoubts though from some wings of her Democratic Party.

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Speaker 2: We did hear from Senator Manchin saying he'd still like

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Speaker 2: an open nominating process, he'd like to have the voices

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Speaker 2: of more centrist wing of the Democratic Party heard as well.

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Speaker 2: And we still haven't gotten a formal or formal endorsement

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Speaker 2: from former President Barack Obama, among others.

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Speaker 16: Yeah, you know, I think Joe Manchin, I think he's

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Speaker 16: switched to being an independent. I don't know if he's

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Speaker 16: re registered as a Democrat at this point. I think

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Speaker 16: there there probably are some pockets out there. The overwhelming

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Speaker 16: number of delegates or states that have been pulled so

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Speaker 16: far seem to be going into the Harris camp. I

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Speaker 16: suspect when you talk about, you know, support from different

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Speaker 16: wings of the party or the areas of the parts

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Speaker 16: that may have some reticence to this quick nomination, I

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Speaker 16: think you're going to see some of that play out,

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Speaker 16: perhaps in the vice presidential selection process. I think you'll

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Speaker 16: have the different sides of the Democratic Party weighing in

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Speaker 16: on who they think would be the best pick. But

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Speaker 16: you know, there's a pretty good bench there. I think

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Speaker 16: Harris has to choose from and she does have some

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Speaker 16: time to make that decision, so a lot of these

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Speaker 16: voices are going to be heard or at least get

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Speaker 16: a chance to make their case in the coming weeks.

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Speaker 2: That was interesting as well to hear from Vice President

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Speaker 2: Harris at her new campaign headquarters yesterday talking about how

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Speaker 2: she plans to prosecute the case against former President Trump

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Speaker 2: as she gets ready for a head to head matchup.

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Speaker 16: Yeah, she said, you know, she was attorney general in California.

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Speaker 16: She said that she took on perpetrators of all kinds

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Speaker 16: and then say, so hear me when I say I

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Speaker 16: know Donald Trump's type. You know, I think those of

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Speaker 16: us who helped cover the twenty twenty election remember her

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Speaker 16: having some strong, very strong moments in the debates. Her

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Speaker 16: Her campaign actually struggled, and I think she left before

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Speaker 16: the primaries, but she had a strong performance against Joe

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Speaker 16: Biden in fact, in one of those early debates. I

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Speaker 16: think there's a lot of interest in seeing how she

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Speaker 16: and Donald Trump would match up. They had originally they

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Speaker 16: were supposed to be a debate in the first half

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Speaker 16: of September. Will it remains to be seen whether that

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Speaker 16: is still on the schedule, But I think the Harris

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Speaker 16: Camp will be looking forward to that.

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Speaker 2: And in just thirty seconds Bill, we also heard from JD.

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Speaker 2: Vance saying Democrats are a threat to democracy now that

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Speaker 2: they've essentially pushed for President Biden out. How potent is

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Speaker 2: that argument?

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Speaker 16: Yeah, it's something. I think that we'll have some traction

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Speaker 16: on the Republican side, but I think it's going to

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Speaker 16: have traction with people who are probably already on the

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Speaker 16: Trump vance train. I don't know that you're gonna win

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Speaker 16: over a lot of voters with that. When you go

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Speaker 16: into the polling booth on primary day, you're actually voting

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Speaker 16: for are the delegates not the candidate? So I think

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Speaker 16: you know those delegates are the ones who will ultimately

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Speaker 16: make the choice at the convention.

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