1 00:00:01,320 --> 00:00:03,840 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:03,840 --> 00:00:07,000 Speaker 1: Doug Chrisner. The US presidential race is in a dead 3 00:00:07,040 --> 00:00:09,320 Speaker 1: heat with a little over two weeks to go before 4 00:00:09,320 --> 00:00:13,200 Speaker 1: the election, and today former President Trump and Vice President 5 00:00:13,240 --> 00:00:18,119 Speaker 1: Harris both campaigned in battleground states. Trump campaigned in North Carolina. 6 00:00:18,480 --> 00:00:23,120 Speaker 1: Harris was in Pennsylvania earlier campaigning with former Republican Congresswoman 7 00:00:23,200 --> 00:00:26,360 Speaker 1: Liz Cheney, and Cheney had some harsh words for former 8 00:00:26,360 --> 00:00:27,200 Speaker 1: President Trump. 9 00:00:27,680 --> 00:00:30,520 Speaker 2: We have the chance to say, you know, we're going 10 00:00:30,600 --> 00:00:34,239 Speaker 2: to reject cruelty. We're going to reject the kind of 11 00:00:34,760 --> 00:00:39,159 Speaker 2: vile vitriol that we've seen from Donald Trump. We're going 12 00:00:39,240 --> 00:00:43,280 Speaker 2: to reject the misogyny that we've seen from Donald Trump 13 00:00:43,320 --> 00:00:43,720 Speaker 2: and JD. 14 00:00:43,880 --> 00:00:48,640 Speaker 1: Vance at his former Republican Congresswoman Liz Cheney. Meantime, Donald 15 00:00:48,680 --> 00:00:51,480 Speaker 1: Trump is in more legal trouble that story from Bloomberg's 16 00:00:51,520 --> 00:00:52,200 Speaker 1: Dan Schwartzman. 17 00:00:52,479 --> 00:00:55,279 Speaker 3: Trump is facing a defamation lawsuit over comments he made 18 00:00:55,360 --> 00:00:58,720 Speaker 3: during September's presidential debate about the infamous nineteen eighty nine 19 00:00:58,800 --> 00:01:02,000 Speaker 3: Central Park five jogger rape case. The Republican nominee for 20 00:01:02,040 --> 00:01:04,760 Speaker 3: president had said the five teenagers wrongfully arrested for the 21 00:01:04,800 --> 00:01:07,640 Speaker 3: crime had pled guilty when they didn't. Trump had also 22 00:01:07,680 --> 00:01:09,920 Speaker 3: suggested someone was killed in the attack when no one 23 00:01:09,920 --> 00:01:12,919 Speaker 3: had died. The five teams were found guilty before DNA 24 00:01:12,959 --> 00:01:15,319 Speaker 3: evidence linked another person to the crime. Back in two 25 00:01:15,360 --> 00:01:18,000 Speaker 3: thousand and two, New York City settled the civil suit 26 00:01:18,040 --> 00:01:20,920 Speaker 3: with the exonerated men for forty one million dollars. Dan 27 00:01:20,959 --> 00:01:22,360 Speaker 3: Schwartzman Bloomberg Radio. 28 00:01:22,720 --> 00:01:25,200 Speaker 1: There was no shortage of FED speak today. The head 29 00:01:25,240 --> 00:01:28,960 Speaker 1: of the Minneapolis FED, Neil Kashkari, said he favors reducing 30 00:01:29,120 --> 00:01:31,760 Speaker 1: rates at a slower pace in the coming quarters, and 31 00:01:31,840 --> 00:01:34,480 Speaker 1: his sentiment was echoed by the head of the Dallas Fed, 32 00:01:34,560 --> 00:01:37,679 Speaker 1: Laurie Logan. She repeated her call for the FED to 33 00:01:37,720 --> 00:01:41,200 Speaker 1: lower rates at a careful pace as the economic environment 34 00:01:41,240 --> 00:01:43,760 Speaker 1: remains uncertain. At the same time, the head of the 35 00:01:43,840 --> 00:01:47,280 Speaker 1: Kansas City FED, Jeffrey Schmid, said he favors a slower 36 00:01:47,319 --> 00:01:50,920 Speaker 1: pace of rate cuts given uncertainty about how low the 37 00:01:50,920 --> 00:01:54,280 Speaker 1: FED should ultimately cut rates. We also heard from the 38 00:01:54,320 --> 00:01:56,680 Speaker 1: head of the San Francisco Fed, Mary Daily. 39 00:01:56,960 --> 00:02:00,000 Speaker 4: So far, I haven't seen any information that would suggest 40 00:02:00,320 --> 00:02:03,720 Speaker 4: we wouldn't continue to reduce the interest rate. This is 41 00:02:03,760 --> 00:02:06,920 Speaker 4: a very tight interest rate for an economy that already 42 00:02:06,960 --> 00:02:10,240 Speaker 4: is on a path to two percent inflation, and as 43 00:02:10,520 --> 00:02:12,600 Speaker 4: I don't want to see the labor market slow further. 44 00:02:12,960 --> 00:02:15,400 Speaker 1: That's Mary Daily, the head of the San Francisco FED, 45 00:02:15,480 --> 00:02:18,480 Speaker 1: speaking at the Wall Street Journal's Tech Live conference in 46 00:02:18,600 --> 00:02:21,959 Speaker 1: Laguna Beach, California. Walt Disney is a step closer to 47 00:02:22,000 --> 00:02:26,160 Speaker 1: getting new leadership the entertainment giant, says former Morgan Stantley. CEO. 48 00:02:26,360 --> 00:02:29,400 Speaker 1: James Gorman will take over as board chairman next year. 49 00:02:29,680 --> 00:02:32,440 Speaker 1: We got reaction from Bloomberg's Gita Raganathan. 50 00:02:32,840 --> 00:02:35,840 Speaker 5: You have arguably one of the best executives in the 51 00:02:35,880 --> 00:02:40,079 Speaker 5: business in James Gorman, who led such a smooth, orderly transition, 52 00:02:40,880 --> 00:02:44,320 Speaker 5: you know, in his own CEO transition, just did it 53 00:02:44,919 --> 00:02:47,440 Speaker 5: in five months with all internal candidates. 54 00:02:47,639 --> 00:02:51,040 Speaker 1: Keita Roganathan, senior media analyst for Bloomberg Intelligence. 55 00:02:51,320 --> 00:02:51,480 Speaker 6: Now. 56 00:02:51,520 --> 00:02:54,280 Speaker 1: Disney also announced it will not have a successor for 57 00:02:54,400 --> 00:02:58,760 Speaker 1: CEO Bob Iiger until early twenty twenty six. Today's shares 58 00:02:58,800 --> 00:03:01,560 Speaker 1: in Disney were down seven ten percent in New York trading. 59 00:03:02,040 --> 00:03:05,600 Speaker 1: United Parcel Service will report earnings later in the week. Today, 60 00:03:05,680 --> 00:03:10,000 Speaker 1: the company's shares received a rare cell recommendation More from 61 00:03:10,000 --> 00:03:11,359 Speaker 1: Bloomberg's Charlie Pellett. 62 00:03:11,480 --> 00:03:15,280 Speaker 7: Barkleys is expressing concern about the shipping giants' earnings. Ihead 63 00:03:15,280 --> 00:03:19,600 Speaker 7: of third quarter results, Analysts Brandon Oglensky downgraded the Atlanta 64 00:03:19,639 --> 00:03:23,480 Speaker 7: based company to underweight from equal weight, noting likely near 65 00:03:23,600 --> 00:03:27,200 Speaker 7: term risk to earnings from continued weakness in parcel demand, 66 00:03:27,480 --> 00:03:31,200 Speaker 7: as well as longer term challenges stemming from a potentially 67 00:03:31,440 --> 00:03:36,280 Speaker 7: smaller relationship with Amazon and more competition from rival FedEx 68 00:03:36,760 --> 00:03:41,680 Speaker 7: Ups reports Thursday in New York. Charlie Pellett Bloomberg Radio 69 00:03:41,880 --> 00:03:44,400 Speaker 7: on Tuesday, we'll get third quarter earnings from one of 70 00:03:44,400 --> 00:03:48,640 Speaker 7: America's largest automakers. Bloomberg's Tom Busby has a preview of 71 00:03:48,680 --> 00:03:49,520 Speaker 7: what to expect. 72 00:03:49,800 --> 00:03:53,360 Speaker 6: General Motors expected to report reduce losses from its electric 73 00:03:53,480 --> 00:03:56,640 Speaker 6: vehicle lineup, and even though vehicle sales in the third 74 00:03:56,720 --> 00:03:59,600 Speaker 6: quarter were down, prices were kept higher as even though 75 00:03:59,600 --> 00:04:03,000 Speaker 6: some can editors offered more discounts. Add in the benefits 76 00:04:03,040 --> 00:04:05,640 Speaker 6: it likely got from its recent stock buyback plans, and 77 00:04:05,680 --> 00:04:08,640 Speaker 6: that should all give GM a boost. Investors will also 78 00:04:08,680 --> 00:04:11,760 Speaker 6: be watching for any improvements and outlook for its operations 79 00:04:11,760 --> 00:04:14,800 Speaker 6: in China, which has lost money the past two quarters. 80 00:04:15,120 --> 00:04:18,200 Speaker 6: Bloomberg consensus calls for revenues of forty four point sixty 81 00:04:18,279 --> 00:04:21,680 Speaker 6: nine billion dollars and adjusted earnings per share two dollars 82 00:04:21,680 --> 00:04:24,719 Speaker 6: and forty five cents. Tom Busby Bloomberg Radio. 83 00:04:24,960 --> 00:04:28,000 Speaker 1: The New York Yankees Game five victory over the Cleveland 84 00:04:28,040 --> 00:04:32,719 Speaker 1: Guardians in the MLB's American League Championship Series attracted a 85 00:04:32,760 --> 00:04:36,200 Speaker 1: TV audience of five point six million viewers. That's up 86 00:04:36,279 --> 00:04:39,920 Speaker 1: thirty three percent from the comparable game a year ago. 87 00:04:40,400 --> 00:04:43,920 Speaker 1: The October nineteenth clincher was the most watched Game five 88 00:04:44,160 --> 00:04:46,960 Speaker 1: since twenty eighteen. That is news when you want it 89 00:04:47,000 --> 00:04:49,800 Speaker 1: with Bloomberg News. Now, I'm Doug Chrisner and this is 90 00:04:49,800 --> 00:04:50,480 Speaker 1: Bloomberg View