Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: Karen, let's begin with the presidential race and a fast
Speaker 2: moving campaign for Vice President Kamala Harris. Less than two
Speaker 2: days after President Biden withdrew from the campaign, the vice
Speaker 2: president has crossed the magic number of nineteen hundred and
Speaker 2: seventy six pledge delegates to clinch the Democratic nomination. That's
Speaker 2: according to an unofficial tallly from the Associated Press. Harris
Speaker 2: told staffers at her new campaign headquarters in Wilmington, Delaware,
Speaker 2: that she intends to earn and win the nomination.
Speaker 3: Over the next one hundred and six days. We are
Speaker 3: going to take our case to the American people, and
Speaker 3: we are going to win.
Speaker 2: Vice President Harris Scott President Biden's backing in a call
Speaker 2: to the HQ.
Speaker 4: The name has changed the top of the ticket, but
Speaker 4: the mission hasn't changed at all. And by the way,
Speaker 4: I'm not going where I'm going to be out there
Speaker 4: in the campaign with her. With Kama I'm going to
Speaker 4: be working like cal both as a sitting president, getting
Speaker 4: legislation passed as well as in campaigning.
Speaker 2: And this morning, the Harris campaign has announced it raised
Speaker 2: more than one hundred million dollars between Sunday afternoon and
Speaker 2: last night from more than one point one million donors,
Speaker 2: sixty two percent of whom were first timers. Vice President
Speaker 2: Harris has her first full fledged rally as a presidential
Speaker 2: candidate later today in Milwaukee, where Republicans just held their
Speaker 2: convention last week.
Speaker 1: And soon Nathan Harris will need to recommend a running
Speaker 1: mate to delegates ahead of the Democratic National Convention in Chicago,
Speaker 1: and Larry Sabado, director of the University of Virginia Center
Speaker 1: for Politics, lay's out our options.
Speaker 5: I'm old fashioned. I think that you want to have
Speaker 5: a balanced ticket. So you picked somebody who's not like
Speaker 5: you but can appeal to other segments of the party
Speaker 5: and the population. And this is all about electoral votes.
Speaker 5: You know, you can talk about anything you want to,
Speaker 5: but you win when you get two hundred and seventy
Speaker 5: electoral votes. So you pick somebody who can win electoral votes.
Speaker 5: To me, that means Governor Shapiro Pennsylvania that's nineteen electoral votes,
Speaker 5: or Governor Cooper of North Carolina that's sixteen electoral votes.
Speaker 5: Or Senator Mark Kelly from Arizona. That's eleven electoral votes,
Speaker 5: plus he's already known because of his astronaut career.
Speaker 1: Larry Sabadomi the comments on Bloombergy's balance of Power. Catch
Speaker 1: the program weekdays from noon to two and again at
Speaker 1: five pm on Bloomberg Radio and Television.
Speaker 2: Well, meanwhile, Karenburry publican vice presidential nominee jd Vance use
Speaker 2: his first solo campaign rally to slam both Kamala Harris
Speaker 2: and Joe Biden.
Speaker 6: Now, history will remember Joe Biden as not.
Speaker 7: Just a quitter, which he is, but one of the.
Speaker 8: Worst presidents in the United States of America. But my friends,
Speaker 8: Kamala Harris is a million times worse and everybody knows it.
Speaker 2: Speaking his hometown of Middletown, Ohio, jd Vance also said
Speaker 2: the border crisis is a Kamala Harris crisis.
Speaker 1: Well, turning to the markets, now, Nathan futures are lower
Speaker 1: a day after all three major indexes started the week
Speaker 1: with gains that end of the day above forty four
Speaker 1: hundred and ed Yard Denny, President at Your Denny Research,
Speaker 1: she's the blue chip index going much higher by the
Speaker 1: end of the decade.
Speaker 9: It's not a stretch to believe that over the remaining
Speaker 9: decade we can get to sixty thousand. And I've got
Speaker 9: the S and P five hundred going to eight thousand,
Speaker 9: so it's a bull market. Just take a look at
Speaker 9: a long term chart of the S and P five hundred,
Speaker 9: and what you see is that bear markets occur every
Speaker 9: now and then, but they don't last very long, and
Speaker 9: that the fundamental trend of the market is upwards along
Speaker 9: with the economy.
Speaker 1: Ed Your Denny of Your Denny Research says earnings, not politics,
Speaker 1: will drive the markets going forward.
Speaker 2: And speaking of earnings, Karen, we get results from two
Speaker 2: of the so called Magnificent Seven today, one of which
Speaker 2: is Tesla. We get a preview from Bloomberg's Tom Busby.
Speaker 10: Despite some massive staff reductions and a better than forecast
Speaker 10: number of deliveries in the second quarter, operating margins at Tesla,
Speaker 10: which could shrink for a sixth quarter in a row,
Speaker 10: will be a major focus for investors. Also signs of
Speaker 10: a rebound in China, which may point to a better
Speaker 10: second half of the year. The real drama will come
Speaker 10: on the earnings call, where Tesla is expected to give
Speaker 10: an update on the progress of its long delayed Robotaxi
Speaker 10: and any plans for a more affordable next generation vehicle.
Speaker 10: For Q two, consensus calls for adjusted earnings per share
Speaker 10: of sixty cents revenues of twenty four point sixty three billion.
Speaker 10: Tom busby Bloomberg Radio.
Speaker 1: All right, Tom, thanks. So we'll also hear from Google
Speaker 1: parent Alphabet after the closing bill, and that company is
Speaker 1: making news on another front. Alphabet's twenty three billion dollar
Speaker 1: offer for cybersecurity startup Whiz has been rejected. Instead, Whiz
Speaker 1: is sticking with a plan for an initial public offering.
Speaker 1: The rejection is a blow to Alphabet. It's trying to
Speaker 1: catch up with Microsoft and Amazon the competitive cloud services market.
Speaker 2: Man Caren, we continue to watch the fallout from last
Speaker 2: week's global it meltdown. Now the CEO of CrowdStrike is
Speaker 2: being called to testify before a House committee. Let's get
Speaker 2: the latest from Bloomberg's John Tucker, John.
Speaker 11: Niate, Congress swans answers, and things could get heated for
Speaker 11: CrowdStrike CEO George Kurtz. In a letter to Kurtz, the
Speaker 11: leaders of the House Committee on Homeland Security say less
Speaker 11: than one day we've seen major impacts to key functions
Speaker 11: of the global economy, and Americans deserve to know and
Speaker 11: detail how this incident happened. In the mitigation steps CrowdStrike
Speaker 11: is taking well, it doesn't stop. There other Congressional committees
Speaker 11: of as company officials for briefings. Last week's outage was
Speaker 11: blamed on a defect and a software update and impacted
Speaker 11: CrowdStrike customers using Microsoft Windows. Congress does have the power
Speaker 11: to compel testimony by issuing subpoenas, but usually first assd
Speaker 11: potential witnesses to appear voluntarily. CrowdStrike shares fell over thirteen
Speaker 11: percent yesterday after eleven percent trot John Tucker Bloomberg Radio, All.
Speaker 1: Right, John, thanks and that technology outage still having a
Speaker 1: major impact on Delta. The airline says it expects to
Speaker 1: cancel more flights this week. Delta has already grounded almost
Speaker 1: forty seven hundred flights since Friday's meltdown, more than half
Speaker 1: of Delta's worldwide. It relies on Microsoft Windows operating system,
Speaker 1: which was affected by the Crown to Strike software error.
Speaker 1: But it's time now for a look at some of
Speaker 1: the other stories making news in New York and around
Speaker 1: the world, and for that We're joined by Bloomberg's Michael Barr.
Speaker 7: Michael, good morning, Good morning, Karen. The Secret Services director
Speaker 7: says the roof where a shooter opened fire at Donald
Speaker 7: Trump's Pennsylvania Rowley was identified as a potential vulnerability days
Speaker 7: before the event. Director Kimberly Chetle made the comments as
Speaker 7: she was grilled by lawmakers over the July thirteenth assassination
Speaker 7: attempt against Trump. Cheedle told lawmakers during a congressional hearing.
Speaker 7: We failed.
Speaker 9: We must learn what happened.
Speaker 1: I will move heaven and earth to ensure that an
Speaker 1: incident like July thirteenth does not happen again.
Speaker 7: Cheadle was slammed by both sides of the aisle, Democratic
Speaker 7: Congressman Jamie Raskin and Maryland.
Speaker 12: The Director has lost the confidence of Congress at a
Speaker 12: very urgent and tender moment in the history of the country,
Speaker 12: and we need to very quickly move beyond this.
Speaker 7: Yesterday, Republican lawmakers visited the site in Butler, Pennsylvania, where
Speaker 7: the gunmen tried to assassinate the former president. House Homeland
Speaker 7: Security Vice Chair Michael guest I.
Speaker 6: Joined many other members of Congress and calling forward the
Speaker 6: resignation of Director Cheaterle. She must resign immediately for the
Speaker 6: good country and for the good of the department that
Speaker 6: she serves as secret Service.
Speaker 7: Me while some members of Congress are filing impeachment charges
Speaker 7: against Cheatle, an FAA investigation is ongoing after a small
Speaker 7: plane crashed in Long Island MacArthur Airport, killing two men,
Speaker 7: a pilot and passenger. The single engine be each craft
Speaker 7: crashed near the end of the runway at the airport
Speaker 7: last evening in Iceland. Suffolk County Police say, according to
Speaker 7: a witness, the plane took off and then for some
Speaker 7: unknown reason, attempted to return to the airport when it crashed.
Speaker 7: The families of American hostages held by Hamas met with
Speaker 7: National Security Adviser Jake Sullivan at the White House ahead
Speaker 7: of Israeli Prime Minister Benjamin Netanyaho's addressed Congress tomorrow. The
Speaker 7: Israeli leader is in Washington. The families demanded that net
Speaker 7: Yahoo accept the peace deal to free the hostages. Rachel
Speaker 7: Goldberg Poland is the mother of American ostriche Hirsch Goldberg.
Speaker 3: Poland, announcing that he is ready to be doing this
Speaker 3: deal that has taken many many, many months, many hours,
Speaker 3: too much pain.
Speaker 7: Meanwhile, net Yahoo would meet with President Biden later this week.
Speaker 7: Global news twenty four hours a day and whenever you
Speaker 7: want it with the Bloomberg News. Now, Michael mar this
Speaker 7: is Oberg Carrott.
Speaker 1: Sorry, Michael Barr, thank you time now for the Bloomberg
Speaker 1: Sports Update with John stash Hour.
Speaker 13: John, good morning, Good morning, Karen. Mets and Yankees played
Speaker 13: a two game Subway series a month ago at Cityfield.
Speaker 13: That's one of both, nine to seven, twelve to two.
Speaker 13: Now it's two games in the Bronx tonight and tomorrow.
Speaker 13: Yanks just got their sixtieth win. They hit five home runs,
Speaker 13: none from Aaron Judge. DJ Lemayu batting just one eighty
Speaker 13: one hit his first of the season, Anthony Volpi's first
Speaker 13: homer since mid May. Austin Wells went yard early. One
Speaker 13: Soto hit went out seventh, and in came up again
Speaker 13: in the eighth.
Speaker 8: Here Sono and he swings and drives it deep into
Speaker 8: right field, and it is god. A hold run onto
Speaker 8: the porch, a laser shot off the bat of one Sodo.
Speaker 8: We continue to watch greatness from the sensational walk.
Speaker 2: A three run Jackie.
Speaker 8: To the porch, you'd right, and the Yankees are ahead.
Speaker 13: Ninety one WCBS. That was the final over Tampa Bay.
Speaker 13: Carlos were done, ending a personal five game losing streak.
Speaker 13: When seven in is allowed, only two heads struck out ten.
Speaker 13: David Peterson now five and oh for the Mets six
Speaker 13: to four win at Miami. Jeff McNeil a two run
Speaker 13: home for Francisco. Theendor homer twice, and the Mets and
Speaker 13: the Yankees both come out of the All Star Break,
Speaker 13: splitting the four game series. The Red Sox since the
Speaker 13: break zero to four, lost a wild one at Colorado,
Speaker 13: nine to eight in twelve innings. The day began for
Speaker 13: Lebron James with news he will carry the flag at
Speaker 13: Friday's Olympic opening ceremonies in Paris. Chosen in a vote
Speaker 13: of the near six hundred US athletes. Lebron called it
Speaker 13: an incredible honor. He then scored the last eleven US
Speaker 13: points as they won their final tune up ninety two
Speaker 13: to eighty eight over Germany. Their first Olympic game is
Speaker 13: Sunday against Serbia. NFL training camps opening up in Green Bay.
Speaker 13: It's without starting quarterback Jordan Loved to make ten and
Speaker 13: a half million dollars this season. That's way below what
Speaker 13: starting QB's Make Love is holding out until he gets
Speaker 13: a new contract. Started the US Junior Amateur golf outside
Speaker 13: of Detroit Tiger Woods. His fifteen year old son, Charlie
Speaker 13: struggled with John Stash Edward Bloomberg Sports.
Speaker 14: Karen Nathan.
Speaker 15: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 15: and around the world on Bloomberg dot Com and the
Speaker 15: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 15: Nathan Hager.
Speaker 2: Well, the pieces are quickly falling into place for Vice
Speaker 2: President Kamala Harris and her sudden presidential campaign. Just a
Speaker 2: day after President Biden ended his run. Harris has picked
Speaker 2: up more than enough delegates to clinch the Democratic nomination,
Speaker 2: and she is about to head out for her first
Speaker 2: rally as the presumptive nominee. Joining us for more as
Speaker 2: Bloomberg News Senior editor Bill ferries. Wow, Bill, politics can
Speaker 2: really turn on a dime at least now, We've just
Speaker 2: got word from the Harris campaign that it's raised more
Speaker 2: than one hundred million dollars since Sunday afternoon. Can we
Speaker 2: talk about momentum in this race.
Speaker 16: Now, Yeah, Nathan, thanks for having me. I mean, it's clear,
Speaker 16: if anything, there there was a lot of money sitting
Speaker 16: on the sidelines in the past several weeks after Joe
Speaker 16: Biden's disastrous debate performance and then even more recently the
Speaker 16: assassination attempt on Donald Trump. Clearly there are a lot
Speaker 16: of doubts on the Democratic side, and this shift to
Speaker 16: Kamala Harris has really pumped up the enthusiasm and the
Speaker 16: willingness of donors both small and large to open up
Speaker 16: their pocketbooks. Here one hundred million dollars, I mean, it's
Speaker 16: dwarfing what the Biden had camped, but Biden campaign had
Speaker 16: raised in the last month that they had the report,
Speaker 16: and we're just talking about basically forty eight hours here.
Speaker 16: So she is definitely having kind of a best case
Speaker 16: scenario when you look at the first two days. She's
Speaker 16: going to try to keep building on that with you know,
Speaker 16: her speech later today in Milwaukee and in the base,
Speaker 16: you know, try to keep going in the one hundred
Speaker 16: days or so we have before this election, it's really
Speaker 16: going to be everything's going to seem like it's on
Speaker 16: fast forward for us.
Speaker 7: Does.
Speaker 2: Harris still facedoubts though from some wings of her Democratic Party.
Speaker 2: We did hear from Senator Manchin saying he'd still like
Speaker 2: an open nominating process, he'd like to have the voices
Speaker 2: of more centrist wing of the Democratic Party heard as well.
Speaker 2: And we still haven't gotten a formal or formal endorsement
Speaker 2: from former President Barack Obama, among others.
Speaker 16: Yeah, you know, I think Joe Manchin, I think he's
Speaker 16: switched to being an independent. I don't know if he's
Speaker 16: re registered as a Democrat at this point. I think
Speaker 16: there there probably are some pockets out there. The overwhelming
Speaker 16: number of delegates or states that have been pulled so
Speaker 16: far seem to be going into the Harris camp. I
Speaker 16: suspect when you talk about, you know, support from different
Speaker 16: wings of the party or the areas of the parts
Speaker 16: that may have some reticence to this quick nomination, I
Speaker 16: think you're going to see some of that play out,
Speaker 16: perhaps in the vice presidential selection process. I think you'll
Speaker 16: have the different sides of the Democratic Party weighing in
Speaker 16: on who they think would be the best pick. But
Speaker 16: you know, there's a pretty good bench there. I think
Speaker 16: Harris has to choose from and she does have some
Speaker 16: time to make that decision, so a lot of these
Speaker 16: voices are going to be heard or at least get
Speaker 16: a chance to make their case in the coming weeks.
Speaker 2: That was interesting as well to hear from Vice President
Speaker 2: Harris at her new campaign headquarters yesterday talking about how
Speaker 2: she plans to prosecute the case against former President Trump
Speaker 2: as she gets ready for a head to head matchup.
Speaker 16: Yeah, she said, you know, she was attorney general in California.
Speaker 16: She said that she took on perpetrators of all kinds
Speaker 16: and then say, so hear me when I say I
Speaker 16: know Donald Trump's type. You know, I think those of
Speaker 16: us who helped cover the twenty twenty election remember her
Speaker 16: having some strong, very strong moments in the debates. Her
Speaker 16: Her campaign actually struggled, and I think she left before
Speaker 16: the primaries, but she had a strong performance against Joe
Speaker 16: Biden in fact, in one of those early debates. I
Speaker 16: think there's a lot of interest in seeing how she
Speaker 16: and Donald Trump would match up. They had originally they
Speaker 16: were supposed to be a debate in the first half
Speaker 16: of September. Will it remains to be seen whether that
Speaker 16: is still on the schedule, But I think the Harris
Speaker 16: Camp will be looking forward to that.
Speaker 2: And in just thirty seconds Bill, we also heard from JD.
Speaker 2: Vance saying Democrats are a threat to democracy now that
Speaker 2: they've essentially pushed for President Biden out. How potent is
Speaker 2: that argument?
Speaker 16: Yeah, it's something. I think that we'll have some traction
Speaker 16: on the Republican side, but I think it's going to
Speaker 16: have traction with people who are probably already on the
Speaker 16: Trump vance train. I don't know that you're gonna win
Speaker 16: over a lot of voters with that. When you go
Speaker 16: into the polling booth on primary day, you're actually voting
Speaker 16: for are the delegates not the candidate? So I think
Speaker 16: you know those delegates are the ones who will ultimately
Speaker 16: make the choice at the convention.
Speaker 14: This is Bloomberg day Break Today, your morning brief on
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Speaker 10: I'm Karen Moscow.
Speaker 1: Join us again tomorrow morning for all the news you
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