WEBVTT - Trump-Harris Spar on Debate Stage; Taylor Swift Endorses Harris 0:00:02.480 --> 0:00:10.800 Bloomberg Audio Studios, podcasts, radio news. Good morning, I'm Nathan 0:00:10.800 --> 0:00:13.760 Hager and I'm Karen Moscow. Here are the stories we're 0:00:13.800 --> 0:00:15.360 following today, Karen. 0:00:15.400 --> 0:00:18.200 Investors may still be assessing the impact of the first 0:00:18.400 --> 0:00:22.280 encounter between Kamala Harris and Donald Trump. The two presidential 0:00:22.320 --> 0:00:26.200 candidates spent ninety minutes in Philadelphia sparring over abortion rights 0:00:26.280 --> 0:00:29.920 January sixth, and the wars in Ukraine and Gaza, But 0:00:30.000 --> 0:00:34.280 the ABC News presidential debate began with the economy. Vice 0:00:34.280 --> 0:00:37.120 President Harris touted her plan for a fifty thousand dollars 0:00:37.120 --> 0:00:38.440 small business tax deduction. 0:00:39.000 --> 0:00:41.199 My opponent has a plan that I call the Trump's 0:00:41.280 --> 0:00:45.680 sales tax, which would be a twenty percent tax every 0:00:45.800 --> 0:00:48.800 day goods that you rely on to get through the month. 0:00:49.080 --> 0:00:52.680 Vice President Harris's comment on tariff's had former President Trump 0:00:52.760 --> 0:00:54.080 on the defensive. 0:00:54.000 --> 0:00:56.680 Person who will have no sales tax. That's an incorrect 0:00:56.680 --> 0:01:00.000 stape and she knows that we're doing tariffs another country. 0:01:00.000 --> 0:01:03.720 These other countries are going to finally, after seventy five years, 0:01:03.760 --> 0:01:06.119 pay us back for all that we've done for the world. 0:01:06.400 --> 0:01:09.119 And the candidates also clashed on abortion rights. The Vice 0:01:09.160 --> 0:01:11.480 president said the end of Roe. V Wade has led 0:01:11.520 --> 0:01:15.000 to what she calls Trump abortion bans across the country. 0:01:15.319 --> 0:01:18.240 If Donald Trump were to be reelected, he will sign 0:01:18.319 --> 0:01:22.039 a national abortion ban. Understand in his Project twenty twenty five, 0:01:22.319 --> 0:01:25.440 there would be a national abortion a monitor that would 0:01:25.440 --> 0:01:28.200 be monitoring your pregnancies, your miscarriages. 0:01:28.720 --> 0:01:31.680 Donald Trump said he has not read Project twenty twenty five. 0:01:31.760 --> 0:01:34.120 When asked if he would veto a national abortion ban, 0:01:34.240 --> 0:01:35.520 he said he wouldn't have to. 0:01:35.800 --> 0:01:38.480 As far as the abortion ban. No, I'm not a 0:01:38.480 --> 0:01:41.720 favorite of abortion ban, but it doesn't matter because this 0:01:41.840 --> 0:01:44.320 issue has now been taken over by the States. 0:01:44.640 --> 0:01:48.560 Donald Trump and Kamala Harris also sparred over foreign policy. 0:01:48.680 --> 0:01:51.640 The vice president said the former president would end the 0:01:51.680 --> 0:01:55.480 war in Ukraine quickly by giving Vladimir Putin what he wants. 0:01:55.640 --> 0:01:58.440 If Donald Trump were president, Putin would be sitting in 0:01:58.520 --> 0:02:02.200 Kiev right now, and understand what that would mean, because 0:02:02.280 --> 0:02:05.320 Putin's agenda is not just about Ukraine. 0:02:05.800 --> 0:02:08.400 And later in the debate, when the focus turned to immigration, 0:02:08.520 --> 0:02:12.400 at Trump floated a conspiracy theory about migrants in Ohio 0:02:12.800 --> 0:02:13.800 in Springfield. 0:02:14.360 --> 0:02:17.400 They're eating the dogs, the people that came in. They're 0:02:17.400 --> 0:02:22.680 eating the cats. They're eating the pets of the people 0:02:22.880 --> 0:02:23.919 that live there. 0:02:24.320 --> 0:02:27.360 In that claim on the ABC News presidential debate earned 0:02:27.440 --> 0:02:30.200 one of several fact checks from a moderated David Buhre. 0:02:30.520 --> 0:02:32.919 Well, Karen, there is plenty of reaction pouring in this 0:02:32.960 --> 0:02:36.000 morning to the debate. We spoke with Bloomberg political contributors 0:02:36.040 --> 0:02:38.440 Genie Sheanzano and Rick Davis. 0:02:38.760 --> 0:02:41.000 I would say most of the moments, you know, sort 0:02:41.040 --> 0:02:44.280 of following from this debate were how strong Kamala Harris 0:02:44.360 --> 0:02:47.880 was on national security. She used Donald Trump's own former 0:02:47.919 --> 0:02:51.320 cabinet members as a wedge to show his weakness in 0:02:51.320 --> 0:02:54.200 this category, which I thought was an interesting turn about 0:02:54.280 --> 0:02:58.040 in Donald trump unwillingness to say that he would veto 0:02:58.760 --> 0:03:01.160 a national abortion band, which we have not seen up 0:03:01.240 --> 0:03:02.240 until this point in time. 0:03:02.360 --> 0:03:04.959 One thing that we'll define this debate will be him 0:03:05.120 --> 0:03:11.040 talking about illegal immigrants eating pets. But that's what he 0:03:11.120 --> 0:03:14.000 went to as opposed to where his team wanted him 0:03:14.040 --> 0:03:19.840 to go issues economy, immigration, and the idea that she's 0:03:19.880 --> 0:03:22.280 in office right now she could be doing all these things. 0:03:22.639 --> 0:03:26.600 Bloomberg political contributors Genie Shanzano and Rick Davis spoke during 0:03:26.639 --> 0:03:30.320 our special debate coverage last night on Bloomberg Radio and Television. 0:03:30.760 --> 0:03:33.960 Well Nathan, minutes after the debate, concluded, Harris picked up 0:03:33.960 --> 0:03:36.920 a key endorsement from a pop icon, and we get 0:03:36.920 --> 0:03:40.080 that story from Bloomberg's Kimberly Adams. 0:03:41.840 --> 0:03:45.040 The endorsement comes from one of the music industry's biggest stars, 0:03:45.080 --> 0:03:48.480 Taylor Swift. In an Instagram post, Swift wrote, I think 0:03:48.520 --> 0:03:51.480 she is a steady handed, gifted leader, and I believe 0:03:51.480 --> 0:03:53.720 we can accomplish so much more in this country. We 0:03:53.760 --> 0:03:57.120 are led by calm and not chaos. Swift included a 0:03:57.160 --> 0:03:59.600 picture of herself holding a cat and signed the message 0:03:59.680 --> 0:04:03.280 to liscat Lady, of reference to comments made by jd Vance, 0:04:03.480 --> 0:04:07.000 Donald Trump's running mate. Swift has a dedicated following among 0:04:07.040 --> 0:04:10.320 young women, a key demographic in the November election. Trump 0:04:10.400 --> 0:04:14.000 was asked about Swift's backing reaction to Taylorsi's endorsement of 0:04:14.040 --> 0:04:18.040 Kamala Harris, I have no idea, Harris's deputy campaign manager said, 0:04:18.040 --> 0:04:21.719 the endorsement quote means a lot to us. Kimberly Adams 0:04:21.720 --> 0:04:22.559 Bloomberg Radio. 0:04:22.839 --> 0:04:24.640 All right, Kimberly, thank you, and we are going to 0:04:24.640 --> 0:04:26.919 get much more reaction to the presidential debate in a 0:04:26.920 --> 0:04:29.640 few minutes when we bring you a special political roundtable. 0:04:29.680 --> 0:04:32.080 But let's turn back to the markets now. We are 0:04:32.160 --> 0:04:35.919 watching futures fall ahead of another key reading on inflation 0:04:36.120 --> 0:04:38.400 at eight thirty am Wall Street time. We get the 0:04:38.440 --> 0:04:42.039 August reading on consumer prices. The median forecast is for 0:04:42.080 --> 0:04:44.479 a gain of two tenths of one percent, and we 0:04:44.520 --> 0:04:46.800 get a preview from Bloomberg's Michael McKee. 0:04:47.000 --> 0:04:50.360 Unless there's a major surprise, the August CPI report won't 0:04:50.360 --> 0:04:53.760 tell investors or central bankers anything new, and that's a 0:04:53.760 --> 0:04:56.760 good thing. Forecasts are for little change in the slow 0:04:56.839 --> 0:04:59.880 trend of slowing inflation, and that's what the Fed one 0:05:00.200 --> 0:05:02.960 to see in order to remain on track for a 0:05:03.040 --> 0:05:07.320 rate cut next week. Policymakers meet on the eighteenth. Help 0:05:07.400 --> 0:05:11.040 by falling food and gasoline prices. Headline CPI is expected 0:05:11.080 --> 0:05:13.680 to fall on a year over year basis, while core 0:05:13.720 --> 0:05:17.360 inflation is forecast unchanged. But that would be good enough, 0:05:17.720 --> 0:05:19.119 Michael McKee, Bloomberg Radio. 0:05:19.240 --> 0:05:21.479 Okay, Mike, thanks, and ahead of the CPI report to 0:05:21.600 --> 0:05:24.400 your treasury yields have fallen to their lowest level since 0:05:24.480 --> 0:05:25.599 twenty twenty two. 0:05:26.279 --> 0:05:29.279 Well, Nathan Warren Buffett continues to sell shares a Bank 0:05:29.360 --> 0:05:33.240 of America. A regulatory filing shows Buffett's Berkshire Hathaway reaped 0:05:33.279 --> 0:05:36.279 two hundred and twenty nine million dollars over three days 0:05:36.279 --> 0:05:40.080 of selling through yesterday. The average price fetched on Tuesday 0:05:40.160 --> 0:05:42.960 thirty nine dollars thirty cents a share, was among the 0:05:43.040 --> 0:05:46.320 lowest reported since he began whittling the stake. That's a 0:05:46.360 --> 0:05:49.680 significant slowdown from the eight prior rounds in which his 0:05:49.800 --> 0:05:52.640 conglomerate generated an average of about eight hundred and seventy 0:05:52.880 --> 0:05:56.680 million dollars each time. Based on filings that typically span 0:05:56.839 --> 0:05:59.720 three days of trading, Berkshire still holds just over a 0:05:59.760 --> 0:06:01.440 leven percent of the bank stock. 0:06:01.760 --> 0:06:05.040 We're watching shares of game Stop this morning, Careen. They 0:06:05.040 --> 0:06:07.480 are down ten and a half percent. In early trading, 0:06:07.480 --> 0:06:10.520 the video game retailer reported a fourth consecutive quarter of 0:06:10.520 --> 0:06:14.280 falling sales, though it did also report an unexpected profit. 0:06:14.440 --> 0:06:17.520 Game Stop shares continued to be buffeted largely by the 0:06:17.560 --> 0:06:20.880 Meme stock trading community. Back in June, the company raised 0:06:20.920 --> 0:06:24.640 more than two billion dollars after stock influencer Keith Gill, 0:06:24.800 --> 0:06:29.400 known as Roaring Kitty, returned to YouTube, inspiring a stock rally. 0:06:29.520 --> 0:06:32.840 Game Stop has a market cap of about ten billion dollars. 0:06:33.320 --> 0:06:36.320 In other news, this morning, Nathan Today marks the twenty 0:06:36.360 --> 0:06:40.160 third anniversary of the September eleventh, the terrorist attack. We're 0:06:40.200 --> 0:06:44.039 joined by Bloomberg's Lisa Matteo in New York, Lisa Hey Karen. 0:06:44.080 --> 0:06:46.559 Today, the nation pays tribute to those who had lost 0:06:46.560 --> 0:06:49.120 their lives in the worst her attack in US history, 0:06:49.400 --> 0:06:52.400 and the National September eleventh Memorial and Museum will host 0:06:52.440 --> 0:06:55.239 its annual sam Ernie at eight thirty am Wall Street 0:06:55.240 --> 0:06:58.200 Time in Lower Manhattan, honoring the twenty nine hundred and 0:06:58.240 --> 0:07:00.440 eighty three men, women, and children that were killed in 0:07:00.440 --> 0:07:02.360 the two thousand and one attacks at the World Trade 0:07:02.400 --> 0:07:05.880 Center site the Pentagon a board Flight ninety three, as 0:07:05.880 --> 0:07:07.880 well as those who died in the February twenty sixth, 0:07:07.960 --> 0:07:11.120 nineteen ninety three World Trade Center bombing. Now it will 0:07:11.120 --> 0:07:13.440 include a reading of the victims' names, as well as 0:07:13.440 --> 0:07:17.120 six moments of silence recognizing when both World Trade Center 0:07:17.160 --> 0:07:20.080 towers were struck and fell when the Pentagon was attacked 0:07:20.120 --> 0:07:23.920 and one Flight ninety three crashed. Memorial Plaza will only 0:07:23.960 --> 0:07:26.520 be open to family members at the victims. Both President 0:07:26.560 --> 0:07:29.280 Joe Biden and Vice President Kamala Harris are expected to 0:07:29.360 --> 0:07:36.600 attend in New York. Lisa Mateo Bloomberg Radio, it's. 0:07:36.480 --> 0:07:37.720 Time now for a look at some of the other 0:07:37.840 --> 0:07:40.240 stories making news in New York and around the world. 0:07:40.240 --> 0:07:43.400 For that, we're joined by Bloomberg's John Tucker, John, Good morning, 0:07:43.560 --> 0:07:43.960 and Good. 0:07:43.840 --> 0:07:47.320 Morning, Karen. Hurricane Francine gained strength. It's expended to make 0:07:47.400 --> 0:07:52.280 landfall in Louisiana today after closing some offshore oil platforms 0:07:52.280 --> 0:07:55.080 in the Gulf of Mexico to be shuttered. Michelle borg 0:07:55.240 --> 0:07:58.240 is with Energy, the major power supplier for the region. 0:07:58.840 --> 0:08:02.480 All eyes are on the golf right now. We're actively monitoring. 0:08:02.480 --> 0:08:05.600 The track and the projected intensity of the storm as 0:08:05.640 --> 0:08:08.240 it makes its way over to the Louisiana coast. 0:08:08.680 --> 0:08:11.920 On its current track, Francine could graze Morgan City, with 0:08:12.040 --> 0:08:15.840 impacts from its winds extending as far east as New Orleans. 0:08:16.040 --> 0:08:19.800 Winds were about ninety miles an hour. US aviation authorities 0:08:19.840 --> 0:08:23.800 will investigate a ground collision between two Delta Airline passenger 0:08:23.880 --> 0:08:27.000 jets in Atlanta. That story from Bloomberg's and Baxter. 0:08:27.560 --> 0:08:30.080 The larger plane was carrying two hundred and twenty one 0:08:30.120 --> 0:08:33.800 passengers and was headed to Asia. The smaller carrying fifty 0:08:33.840 --> 0:08:37.520 six for a regional carrier operated by Delta. The first 0:08:37.559 --> 0:08:40.920 reports are that the larger Airbus Sea three point fifty 0:08:41.360 --> 0:08:45.520 clipped the smaller plane. The pilot radio the tower for clarification, 0:08:46.280 --> 0:08:46.800 we could. 0:08:46.880 --> 0:08:48.760 Hit something on the tactaway. 0:08:49.120 --> 0:08:50.600 Could you kill a what it was? 0:08:51.040 --> 0:08:55.160 No injuries. Passengers were put on different flights. The FAA 0:08:55.280 --> 0:08:58.200 will investigate ed Baxter Bloomberg Radio. 0:08:58.280 --> 0:09:01.360 Former New York Governor Andrew Cuomo talk to reporters after 0:09:01.440 --> 0:09:04.720 he testified before a House subcommittee on his handling of 0:09:04.720 --> 0:09:07.959 the COVID nineteen pandemic. He took aim at Donald Trump. 0:09:08.720 --> 0:09:12.920 I took responsibility every day, unlike the. 0:09:12.800 --> 0:09:17.720 President who literally said I take no responsibility. 0:09:17.920 --> 0:09:21.720 The committee criticized his policy in twenty twenty to readmit 0:09:21.840 --> 0:09:25.880 nursing home patients after they contracted COVID. A cyber security 0:09:25.960 --> 0:09:29.079 expert crossing automakers should do more to increase the safety 0:09:29.080 --> 0:09:32.080 of vehicles whose software can be updated over the year. 0:09:32.520 --> 0:09:36.720 Liz James, a consultant IT security firm NCC Group, says 0:09:36.760 --> 0:09:41.320 current technology leaves cars vulnerable to being manipulated without an 0:09:41.360 --> 0:09:44.760 owner's knowledge. Global news twenty four hours a day, whatever 0:09:44.800 --> 0:09:47.280 you want it with Bloomberg News. Now, I'm John Tucker. 0:09:47.400 --> 0:09:48.400 This is Bloomberg. 0:09:48.480 --> 0:09:55.520 Karen, all right, John, thank you time now for the 0:09:55.559 --> 0:09:57.920 Bloomberg Sports Update with John stash Hour. 0:09:58.040 --> 0:10:00.640 John, Good morning, Good morning, Guaranteo. And a half weeks 0:10:00.720 --> 0:10:03.160 left for the baseball regular season. Yankees almost certain to 0:10:03.160 --> 0:10:05.880 make the postseason, Mets hope to be there too. Last night, 0:10:05.920 --> 0:10:08.200 both New York teams lost and the teams they want 0:10:08.240 --> 0:10:11.320 to lose. All one for the Yankees, a five nothing 0:10:11.400 --> 0:10:13.920 lost to the stadium to Kansas City. Set Lugo, the 0:10:14.000 --> 0:10:19.000 longtime Mets reliever, continued his sensational season as a Royal starter. 0:10:19.120 --> 0:10:22.800 Lugo pitched seven in means, allowed only three singles, no walks, 0:10:22.840 --> 0:10:25.600 ten strikeouts. He impressed Aaron Boone. 0:10:25.960 --> 0:10:29.000 That was probably, you know, as good a performance against 0:10:29.120 --> 0:10:32.319 us this year. We were silent, and I think he 0:10:32.360 --> 0:10:34.360 was ahead, and the count looked like he was really 0:10:34.400 --> 0:10:38.640 dotting his location wise with a big knix, you know. 0:10:38.760 --> 0:10:42.040 I mean, it's it's two fastballs, it's cutter, it's slider, 0:10:42.080 --> 0:10:45.319 it's curveball, it's change and varied. The speeds on all of. 0:10:45.240 --> 0:10:48.040 Those, Lugo making a strong case to be the ALCI 0:10:48.080 --> 0:10:50.720 Young winner. He's won sixteen games as Era under three. 0:10:50.800 --> 0:10:53.439 Baltimore won five to three at Boston, the Yankee lead 0:10:53.480 --> 0:10:55.880 over the Orioles back to being just a half game. 0:10:55.920 --> 0:10:58.160 Mets lost in Toronto six to two. The ex met 0:10:58.200 --> 0:11:01.360 Chris Bassett beat David Peterson, who came in nine to one. 0:11:01.480 --> 0:11:03.480 He gave up as many runs in the first three 0:11:03.480 --> 0:11:05.920 innings last night as he had allowed in the first 0:11:05.960 --> 0:11:10.319 three of his combined previous eleven starts. Atlanta, San Diego 0:11:10.440 --> 0:11:14.280 and Arizona all won the Braves twelve to nothing. That Washington, 0:11:14.360 --> 0:11:17.520 the Mets and Bras are tied for the last wildcard spot. 0:11:17.920 --> 0:11:20.760 A golf sit down held yesterday in New York will 0:11:20.800 --> 0:11:24.160 continue today. Tiger Woods among those representing the PGA Tour 0:11:24.600 --> 0:11:27.640 in a meeting with Saudi Arabia's Public Investment Fund, the 0:11:27.679 --> 0:11:30.719 two sides still trying to iron out a deal fifteen 0:11:30.800 --> 0:11:33.600 months after the shocking announcement that they will do business together. 0:11:33.679 --> 0:11:36.240 Another meeting held in New York, NBA Board of Governor 0:11:36.240 --> 0:11:39.120 as a commissioner, Adam Silver emerged saying that now that 0:11:39.160 --> 0:11:41.840 there's labor piece to the new media deal. Expansion is 0:11:41.880 --> 0:11:45.360 now being discussed, with Seattle and Las Vegas being mentioned 0:11:45.360 --> 0:11:49.760 most often as sites for new teams. John Stashaward Bloomberg sportscar. 0:11:52.000 --> 0:11:56.120 Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 0:11:56.200 --> 0:11:59.080 and around the world on Bloomberg dot Com and The 0:11:59.160 --> 0:12:00.160 Bloomberg Business. 0:12:00.600 --> 0:12:04.800 This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Shares 0:12:04.840 --> 0:12:08.240 of Donald Trump's media company, Trump Media and Technology are 0:12:08.280 --> 0:12:12.160 the biggest laggards in early trading, down nearly seventeen percent 0:12:12.240 --> 0:12:15.760 this morning after an ABC News presidential debate that saw 0:12:15.840 --> 0:12:19.160 the former president meet Vice President Kamala Harris for the 0:12:19.200 --> 0:12:23.480 first time and find himself on the defensive over ninety 0:12:23.559 --> 0:12:27.600 minutes on issues ranging from the economy and immigration to 0:12:27.760 --> 0:12:31.520 foreign policy and abortion rights. On this morning, after the debate, 0:12:31.559 --> 0:12:34.359 we are very pleased to bring you a roundtable discussion 0:12:34.440 --> 0:12:37.880 with Jennifer Lawless, the chair of the politics department at 0:12:37.920 --> 0:12:40.400 the University of Virginia, and we were joined as well 0:12:40.440 --> 0:12:43.840 by Terry Haynes, the founder of Pangea Policy. Good morning 0:12:43.840 --> 0:12:46.040 to both of you. Thanks for so much for being 0:12:46.080 --> 0:12:49.720 with us, and if this debate were about defining the 0:12:49.760 --> 0:12:53.199 other candidate. We did see Kamala Harris do that at 0:12:53.200 --> 0:12:56.720 a number of points against Donald Trump, including this moment. 0:12:56.800 --> 0:12:57.120 Listen. 0:12:57.559 --> 0:13:00.600 His former chief of staff of four star general has 0:13:00.600 --> 0:13:03.520 said he has contempt for the Constitution of the United States. 0:13:04.160 --> 0:13:07.360 His former national security advisor has said he is dangerous 0:13:07.360 --> 0:13:12.440 and unfit. His Secretary of Defense has said the nation 0:13:12.720 --> 0:13:17.200 the Republic would never survive another Trump term. 0:13:19.160 --> 0:13:22.600 Jennifer Lawless of UVA want to get your reaction first 0:13:22.640 --> 0:13:25.000 to what we heard over the ninety minutes last night. 0:13:25.040 --> 0:13:29.520 Good morning, Good morning. I think Kamala Harris performed as 0:13:29.559 --> 0:13:32.400 well as anybody could have expected and as well as 0:13:32.400 --> 0:13:35.960 Democrats could have hoped. She kept Donald Trump on the 0:13:36.000 --> 0:13:40.240 defensive on both domestic policy and foreign policy almost the 0:13:40.360 --> 0:13:43.360 entire debate, and if her goal was to get under 0:13:43.400 --> 0:13:46.360 his skin, she did it. So. She was able to 0:13:46.600 --> 0:13:49.760 basically set the agenda when it came to topics, when 0:13:49.800 --> 0:13:53.160 it came to issues, and very rarely did he fact 0:13:53.280 --> 0:13:56.040 check her or correct anything she said. So I think 0:13:56.080 --> 0:13:58.400 it was a big win for Harris. Trump, on the 0:13:58.440 --> 0:14:03.120 other hand, demonstrated he was quite frazzled and quite unable 0:14:03.160 --> 0:14:05.319 to articulate a clear vision from moving forward. 0:14:06.160 --> 0:14:10.160 Your reaction as well, Terry. Did Kamala Harris perform as 0:14:10.200 --> 0:14:13.800 well as expected or did she outperform? Did she need 0:14:13.880 --> 0:14:14.559 to outperform? 0:14:14.640 --> 0:14:15.120 Last night? 0:14:16.200 --> 0:14:20.320 Good morning, Nathan. You know, I think that Harris very 0:14:20.320 --> 0:14:23.520 clearly won the debate because she passed. She did what 0:14:23.640 --> 0:14:27.640 she needed to do, passing and exceeding passing the fundamental 0:14:27.680 --> 0:14:31.440 threshold credibility test on fitness to lead the country. I 0:14:31.440 --> 0:14:33.760 think she helped herself as much as she could. She 0:14:33.920 --> 0:14:37.600 was also helped by by by Trump's performance, which I 0:14:37.600 --> 0:14:41.800 think was combative and shouty. She showed a lot of 0:14:41.880 --> 0:14:45.240 command of the issues, the passion, the ability to place 0:14:45.280 --> 0:14:49.000 herself on a on a higher moral plane. I thought 0:14:49.040 --> 0:14:52.080 that was all very good if she prosecuted the case 0:14:52.240 --> 0:14:56.680 very well. Finally, a note for markets, there's no policy clarity, 0:14:56.760 --> 0:14:59.960 but none should be none should have been expected. Cane 0:15:00.160 --> 0:15:04.160 to caution against a Harris trade and the idea that 0:15:04.160 --> 0:15:07.240 there's some sort of one party wave building. What you're 0:15:07.240 --> 0:15:09.520 going to end up with in Washington very likely is 0:15:10.320 --> 0:15:13.800 a continued politically split Washington that's going to blunt a 0:15:13.800 --> 0:15:17.160 lot of the concerns about what Harris's agenda might be. 0:15:18.000 --> 0:15:21.400 We did hear a lot of discussion about policy, though, 0:15:22.000 --> 0:15:27.720 including the idea that former President Trump's tariff plans would 0:15:27.720 --> 0:15:34.960 be taxes on Americans. She also defended her own policies 0:15:35.000 --> 0:15:39.040 of trying to bring tax breaks to small businesses. Jennifer 0:15:39.120 --> 0:15:42.720 did those points stick for Harris? 0:15:44.080 --> 0:15:47.000 I think that for people that were looking for details 0:15:47.040 --> 0:15:50.960 about policy, the childcare tax credit, she mentioned, the small 0:15:51.000 --> 0:15:54.520 business tax credit that she mentioned, concerns over Donald Trump's 0:15:54.640 --> 0:15:59.960 tariffs were somewhat sufficient. She at least gave some examples, 0:15:59.400 --> 0:16:03.600 But night was not a masterclass in economic policy or 0:16:03.640 --> 0:16:08.240 any particular policy for that for that point. So, you know, 0:16:08.280 --> 0:16:11.120 I think people that were looking for policy details found them. 0:16:11.480 --> 0:16:15.160 But generally it was an opportunity to demonstrate the character 0:16:15.440 --> 0:16:18.240 and the stature of both candidates. 0:16:18.360 --> 0:16:21.760 Going into this debate. Terry, we had heard that, or 0:16:21.800 --> 0:16:25.440 we've had some thought perhaps that Vice President Harris was 0:16:25.480 --> 0:16:29.160 going to be under some pressure to explain some of 0:16:29.160 --> 0:16:32.640 her shifts in policy when it comes to fracking and immigration. 0:16:32.760 --> 0:16:37.320 But we also heard former President Trump asked about some 0:16:37.400 --> 0:16:41.160 of his shifts in policy, including on whether he would 0:16:41.240 --> 0:16:45.400 push to repeal and replace the Affordable Care Act. Let's 0:16:45.400 --> 0:16:46.320 listen to a bit of that. 0:16:47.120 --> 0:16:50.720 I have concepts of a plan. I'm not president right now, 0:16:51.080 --> 0:16:54.800 but if we come up with something, I would only 0:16:54.880 --> 0:16:57.040 change it if we come up with something that's better 0:16:57.080 --> 0:17:00.480 and less expensive, and there are concepts and options we 0:17:01.000 --> 0:17:02.400 have to do that. 0:17:03.960 --> 0:17:06.879 Does the former president Terry need to answer more for 0:17:07.200 --> 0:17:10.959 some of his own policy proposals what he would do 0:17:11.160 --> 0:17:12.680 specifically as president? 0:17:13.560 --> 0:17:17.159 Well, you know it's uh. Harris had a kind of 0:17:17.200 --> 0:17:20.439 a perfect storm in a positive sense. She you know, 0:17:20.520 --> 0:17:25.119 the social issues are very much to her advantage. Firstly, Secondly, 0:17:25.200 --> 0:17:29.920 she could talk about social issues including healthcare and abortion 0:17:30.720 --> 0:17:35.440 with with you know, by by touting achievements from her 0:17:35.480 --> 0:17:39.199 administration and the previous administration. And thirdly, she could use 0:17:39.240 --> 0:17:43.240 it to take advantage of Trump's kind of muddled responses 0:17:43.480 --> 0:17:47.639 which had been apparent even before the debate on what 0:17:47.720 --> 0:17:50.120 he would do about the Affordable Care Act if anything, 0:17:50.200 --> 0:17:54.320 always a hot button issue for for hardcore Republicans, as 0:17:54.359 --> 0:17:57.439 well as the shifting positions back and forth on abortion. 0:17:57.680 --> 0:18:00.600 So I thought she did a very good job of 0:18:00.720 --> 0:18:05.880 crowding Trump on what was perceived to be an issue's 0:18:05.920 --> 0:18:10.879 advantage for Trump, and by doing so frankly bolstered her 0:18:10.880 --> 0:18:14.159 own credibility, which was the point of the evening. 0:18:14.920 --> 0:18:18.320 We're speaking with Terry Haines, the founder of Pangaeopolicy, along 0:18:18.320 --> 0:18:21.800 with Jennifer Lawless, chair of the Politics Department at the 0:18:21.880 --> 0:18:25.360 University of Virginia. Jennifer to get back to the idea 0:18:25.520 --> 0:18:28.840 of defining the other candidate. At one point, we heard 0:18:29.000 --> 0:18:33.400 former President Trump flat out call Kamala Harris a Marxist. 0:18:33.960 --> 0:18:38.240 Does that kind of argument stick with Kamala Harris? 0:18:39.160 --> 0:18:42.040 It doesn't for a few reasons. The first is it's 0:18:42.080 --> 0:18:46.840 so hyperbolic that it's difficult to imagine that Americans will 0:18:46.840 --> 0:18:50.720 believe it. Second, many don't know what that even means. 0:18:51.160 --> 0:18:53.800 And third, later on in the debate, when he was 0:18:53.840 --> 0:18:57.280 talking about her flip flopping policies, several of them were 0:18:57.359 --> 0:19:00.560 flip flops that he would consider more towards them and 0:19:00.640 --> 0:19:03.760 more toward moderation. So he did try to say something like, 0:19:03.840 --> 0:19:05.919 she's going to try to perceive herself. She's going to 0:19:05.920 --> 0:19:07.320 get you to perceive her as a moderate, and then 0:19:07.320 --> 0:19:09.679 she'll change when she's in office. But she has a 0:19:09.760 --> 0:19:13.840 record as a g as senator, as vice president. To 0:19:14.160 --> 0:19:17.159 quell those concerns among voters. So I think it was 0:19:17.160 --> 0:19:19.639 a talking point. I think it was something that Donald 0:19:19.640 --> 0:19:22.639 Trump thought would be cute, and I don't think it stuck. 0:19:23.320 --> 0:19:26.159 What about you, Terry, And I wonder whether you think 0:19:26.760 --> 0:19:32.040 some of the answers that Kamala Harris gave, the calm 0:19:32.080 --> 0:19:34.760 demeanor that she put out there, perhaps compared to some 0:19:34.800 --> 0:19:38.120 of the more stridency of former President Trump, might come 0:19:38.160 --> 0:19:41.400 off as maybe overscripted. Is there a risk of that 0:19:41.720 --> 0:19:43.120 for Kamala Harris? 0:19:43.920 --> 0:19:47.560 You know, I think the I think the punditocracy out 0:19:47.560 --> 0:19:50.480 there makes entirely too much of that. The reason why 0:19:50.880 --> 0:19:53.960 I say that is, you know, they have been you 0:19:54.080 --> 0:19:57.920 have been, Professor Lawless has been I have been listening 0:19:57.960 --> 0:20:01.560 to all these statements, all these speeches, you know, turning 0:20:01.600 --> 0:20:03.959 them over every day. The vast majority of the American 0:20:04.000 --> 0:20:07.639 public hasn't. And you know, there were well over one 0:20:07.720 --> 0:20:13.119 hundred million people watching and listening last night by going 0:20:13.160 --> 0:20:17.199 by polling about who was going to watch, and you know, 0:20:17.280 --> 0:20:19.160 so they were hearing all that for the first time. 0:20:19.240 --> 0:20:21.080 So I don't really think there's a problem with it 0:20:21.200 --> 0:20:23.960 being canned. What I what I got out of Harris 0:20:24.240 --> 0:20:28.600 was really three things. First, of all, she effectively positioned 0:20:28.600 --> 0:20:32.080 herself as a candidate of the future versus the past, 0:20:32.200 --> 0:20:36.880 and Trump helped her. That split screen was particularly striking 0:20:37.800 --> 0:20:43.760 in terms of the future versus the past, the generational contrast. Secondly, finally, 0:20:43.800 --> 0:20:47.840 I think that the rhetorical contrast was also huge. It 0:20:47.880 --> 0:20:50.720 was one of hearing kind of fresher yes yet familiar 0:20:50.800 --> 0:20:53.840 music from Harris versus you know, hearing the same old 0:20:53.840 --> 0:20:58.800 oldies channel and from Trump, and the hyperbole doesn't serve 0:20:58.920 --> 0:21:03.080 well if it doesn't seem incredible, and I certainly don't 0:21:03.080 --> 0:21:06.440 think vast majority of voters we'll see it as credible. 0:21:06.440 --> 0:21:09.600 With Harris on the point of the hyperbole, Jennifer, I 0:21:09.640 --> 0:21:13.920 think a moment that probably got a lot of viewers' 0:21:13.960 --> 0:21:18.359 attention last night was this unfounded conspiracy theory that the 0:21:18.400 --> 0:21:21.600 former president brought up in a discussion on immigration about 0:21:21.960 --> 0:21:26.879 migrants in Springfield, Ohio eating people's pets. Is this going 0:21:26.960 --> 0:21:30.280 to be one of those moments that gets replayed on 0:21:30.800 --> 0:21:34.440 campaign ads all the way into November. 0:21:34.760 --> 0:21:37.080 I think it is for a couple of reasons. The 0:21:37.119 --> 0:21:41.040 first is that following the debate, jd Vance in the 0:21:41.080 --> 0:21:44.000 Spin room actually doubled down on that claim and said 0:21:44.000 --> 0:21:47.280 that people are calling his Senate office with those concerns 0:21:47.400 --> 0:21:50.920 despite the fact that it's obviously been debunked. And second, 0:21:51.520 --> 0:21:55.080 it's one of these things that the split screen really 0:21:55.160 --> 0:21:58.560 highlighted in terms of what the presidency would look like 0:21:58.680 --> 0:22:01.520 if you had more of what Kamala Harris calls chaos 0:22:01.520 --> 0:22:04.640 from Donald Trump or a vision for the future from 0:22:04.680 --> 0:22:08.159 Kamala Harris. So I think that kind of statement just 0:22:08.240 --> 0:22:11.159 generally embodies the fact that Donald Trump is willing to 0:22:11.240 --> 0:22:15.600 say anything. He's willing to put forward any conspiracy theory 0:22:15.720 --> 0:22:18.639 or any lie, and he's willing to double down. He 0:22:18.680 --> 0:22:20.960 did that with the Central Park five line as well 0:22:21.040 --> 0:22:22.720 last night, which was just appalling. 0:22:23.520 --> 0:22:27.160 And after the debate, Terry, we actually saw former President 0:22:27.200 --> 0:22:30.040 Trump make the rare step of going into the spin 0:22:30.200 --> 0:22:33.760 room to talk with reporters, to talk with Fox News 0:22:33.760 --> 0:22:38.040 host Sean Hannity, and to complain about the moderators, saying 0:22:38.080 --> 0:22:40.200 it was three against one for him. 0:22:41.200 --> 0:22:41.680