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Speaker 1: News when you wanted with Bloomberg News. Now, I'm Brian

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Speaker 1: Curtis in Hong Kong. US Vice President Kamala Harris has

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Speaker 1: launched a bid for the Democratic presidential nomination in the

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Speaker 1: United States. This comes after President Biden's exit from the race.

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Speaker 1: Carol Platt Lebel, president of the Yankee Institute, weighs in

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Speaker 1: on how his strategy might unfold. For Harris, she will.

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Speaker 2: Be looking at more moderate male candidates, in my opinion,

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Speaker 2: people like Andy Basheer, Governor of Kentucky, Roy Cooper, the

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Speaker 2: governor of North Carolina, Josh Shapiro, the governor of Pennsylvania.

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Speaker 2: But I don't believe he actually will have a shot

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Speaker 2: in the end. I'm given the divisions in the Democratic

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Speaker 2: Party over support for Israel these days.

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Speaker 1: She also says it's optimal for Harris and the Democratic

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Speaker 1: Party if Biden were to step down now.

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Speaker 2: Actually, for Kamala Harris politically, that would be optimal in

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Speaker 2: a lot of ways, because it gives the country a visual,

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Speaker 2: It lets her step into the shoes of the president.

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Speaker 2: It gives her the visual, and it gives her everything

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Speaker 2: she needs to start serving as president right away, and

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Speaker 2: that can only be helpful to her.

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Speaker 1: That's Carol Platt Lee Bell. Meantime, polls in recent weeks

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Speaker 1: showed Harris is performing better against Trump head to head

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Speaker 1: than Biden. Donald Trump told CNN in an interview on

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Speaker 1: Sunday that he believes Harris would be easier to defeat.

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Speaker 1: Brandis Kane's Rown, professor of political science at Stanford University,

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Speaker 1: has more on Trump's turnout expectations.

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Speaker 3: Some of the things that the Trump campaign was probably

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Speaker 3: counting on was not just pivotal voters or swing voters

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Speaker 3: maybe leaning more towards Biden, but they were counting on

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Speaker 3: a lack of enthusiasm and lower turnout. And of course

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Speaker 3: all of that remains to be seen with who we

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Speaker 3: presume will be the nominee with Kamala Harris, but the

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Speaker 3: sense that young voters would be even more likely than

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Speaker 3: usual will to stay home. There was increasing evidence that

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Speaker 3: many underrepresented minorities, such as Black Americans, were not as

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Speaker 3: enthusiastic on The Trump campaign has to now update in

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Speaker 3: terms of those turnout expectations.

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Speaker 1: That's Brendis Kine's Rown. Praise from around the globe has

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Speaker 1: been coming in for President Biden. We get more from

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Speaker 1: Bloomberg's Ed Baxter.

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Speaker 4: They come in as tributes from heads of state Kier Starmer,

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Speaker 4: UK Prime Minister. I respect President Biden's decision. I look

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Speaker 4: forward to us working together during the remainder of his presidency.

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Speaker 4: German Chancellor Olaf Schultz. Thanks to him, trans Atlantic cooperation

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Speaker 4: is close, NATO is strong, and the US is a

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Speaker 4: good and reliable partner for US. Isaac Herzoc Israeli President.

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Speaker 4: I want to extend my heartfelt thanks to Joe Biden

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Speaker 4: for his friendship and steadfast support for the Israeli people

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Speaker 4: over his decades long career. And Canadian Prime Minister Justin Trudeau.

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Speaker 4: I've known President Biden for years. He's a great man

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Speaker 4: and everything he does is guided by his love for

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Speaker 4: his country. Ed Baxter, Bloomberg Radio.

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Speaker 1: The president's move comes with just weeks left until the

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Speaker 1: party's convention in Chicago. It potentially opens the door to

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Speaker 1: some degree of chaos if other candidates decide to enter

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Speaker 1: the race. We hear Senator Joe Manchin is seriously considering

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Speaker 1: re registering as a Democrat so that he could run

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Speaker 1: for the party's presidential nomination. That's according to advisor Jonathan Cott.

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Speaker 1: Manchin is expected to be interviewed on Fox on Monday.

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Speaker 1: In other news, Israeli Prime Minister Benjamin Netanyahu will be

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Speaker 1: in Washington, d C. This week. He'll be speaking before

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Speaker 1: a divided Congress. Bloomberg's Amy Morris reports from Washington.

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Speaker 5: The last time Netanyahu addressed Congress nine years ago, nearly

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Speaker 5: sixty Democrats skipped it, calling it a slap in the

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Speaker 5: face to then President Barack Obama, who was working on

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Speaker 5: a nuclear deal with Iran. This time, even more Democrats

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Speaker 5: might sit this one out. Many are torn between their

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Speaker 5: support for Israel and their intense disagreement with how Israel

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Speaker 5: has conducted military operations in Gaza. Secretary of State Anthony

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Speaker 5: Blincoln says they're close to a ceasefire deal between Israel

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Speaker 5: and Hamas militants, which includes the release of the remaining hostages.

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Speaker 5: In Washington, Amy Moore as Bloomberg Radio.

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Speaker 1: The People's Bank of China has cut a key interest

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Speaker 1: rate for the first time in about a year. The

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Speaker 1: seven day reverse repo rate was lowered by ten basis

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Speaker 1: points to one point seven percent. In the meantime, the

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Speaker 1: banks lowered their loan prime rates. The one year and

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Speaker 1: five year rates were both cut ten basis points. That's

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Speaker 1: news when you want it with Bloomberg News Now, I'm

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Speaker 1: Brian Curtis. This is Bloomberg