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Speaker 1: Global business news twenty four hours a day at Bloomberg

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Speaker 1: dot com, the Radio plus Mobile Act and on your radio.

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Speaker 1: This is a Bloomberg Business flag from Bloomberg World Handquarters.

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Speaker 1: I'm Charlie Pellet. Moments ago we heard from sales Force

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Speaker 1: dot com. It shares down five percent in extended trading.

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Speaker 1: It has forecast fiscal third quarter revenue that may fall

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Speaker 1: short of some analysts estimates, held back by steeper competition

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Speaker 1: in the market for cloud based software and services. Stocks

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Speaker 1: lower today, the SMP five hundred index down five points

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Speaker 1: to twenty one seventy, down two tenths of one percent.

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Speaker 1: For the month of August, the SMP five hundred index

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Speaker 1: fell one tenth of one percent down. Industrials flower by

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Speaker 1: fifty three points today, ending the month at eighteen thousand,

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Speaker 1: four hundred. A drop today of three tenths of one percent.

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Speaker 1: Has stacked down two tenths of one percent. Gold down

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Speaker 1: four eight ouncet oh eight, A drop there of four

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Speaker 1: tenths of one percent. I'm Charlie Pellet, and that's a

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Speaker 1: Bloomberg Business splash. This is taking stock with Pim's Box

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Speaker 1: and Kathleen Hayes on Bloomberg Radio Donald Trump UH and

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Speaker 1: a candidate for the US presidency, the actual Mexican President,

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Speaker 1: their meeting this afternoon. The it was the meeting was

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Speaker 1: announced just hours beforehand, but apparently there was an agenda

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Speaker 1: already hammered out by both sides to set this up. Now,

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Speaker 1: this is the same Donald Trump who famously said, as

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Speaker 1: his campaign was getting off the ground during the primaries

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Speaker 1: that the US would build a wall with Mexico to

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Speaker 1: keep out illegal immigrants and Mexican would Mexic would pay

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Speaker 1: for it. This just you kind of wonder if this

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Speaker 1: is you know, Lamb's lying down with lions or what.

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Speaker 1: But anyway to make sense for it. Now, we're very

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Speaker 1: happy to welcome back to the show from our Bloomberg

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Speaker 1: Politics team, Mike NEETs. In fact, he's the executive editor

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Speaker 1: for Bloomberg Politics. A Mike, what's going on the world

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Speaker 1: is a complicated place, isn't it though? And fascinatingly interesting? Yes,

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Speaker 1: And we're all kind of struggling to compute all the

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Speaker 1: angles here on what's going on today. And and like

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Speaker 1: you said, what we started thinking about just a few

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Speaker 1: hours ago late last night. Um, you know, Trump has

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Speaker 1: a lot to gain by going abroad and and uh

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Speaker 1: looking presidential and standing shoulder shoulder with the leader of

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Speaker 1: another nation, especially one that he uh, a nation that

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Speaker 1: he's criticized so heavily during his campaign. UM, and the

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Speaker 1: Mexican leader apparently had had a lot to gain to

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Speaker 1: his His approval ratings in Mexico are extremely low right now.

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Speaker 1: He's heading into a State of the Union later this week,

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Speaker 1: and he's got a few he's got a plagiarism scandal

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Speaker 1: dealing with that he's dealing with too, So I think

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Speaker 1: he wanted to change the subject. So is how unusual

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Speaker 1: is it for uh a sitting president of any country

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Speaker 1: to meet with someone who's running for office from the

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Speaker 1: United States. It's six extremely unusual, and especially in this

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Speaker 1: formula of a setting. Uh. We really can't think of

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Speaker 1: another time that this has happened. Obviously, Uh there's that

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Speaker 1: that old saying about politics stops at the water's edge

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Speaker 1: for for Americans and UH, and that there's no parties

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Speaker 1: once you go abroad, but when you're campaigning on one side,

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Speaker 1: that's kind of different. And I think there's there's even

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Speaker 1: some uh, some serious uh ways that this expresses itself,

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Speaker 1: such as, UH, whether Donald Trump can actually engage in

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Speaker 1: negotiations with a foreign leader as opposed to discussions. So

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Speaker 1: I think they're they're being very careful and describing everything

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Speaker 1: happening today and everything happened in the run up to

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Speaker 1: this meeting as discussions and not anything more serious response

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Speaker 1: from the Clinton camp. Yeah, they're they're trying to remind

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Speaker 1: everyone about how how harsh Donald Trump has been towards

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Speaker 1: Mexico and how uh no matter what happens today, it

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Speaker 1: won't change the fact that he that that he said

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Speaker 1: certain things and that he stands for certain things. So

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Speaker 1: they're really trying to focus on the substance rather than

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Speaker 1: the you know, the style of this event. So this

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Speaker 1: is obviously occurring today. Donald Trump is getting ready to

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Speaker 1: give a speech on immigration. How do we gonna how

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Speaker 1: do you expect what happens to day to weave into

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Speaker 1: that speech? So yeah, I think if you take a

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Speaker 1: step back and look look at what people were saying

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Speaker 1: about Trump and his immigration proposals maybe two weeks ago, uh,

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Speaker 1: it looked like he was a bit of a mess.

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Speaker 1: He was him and his advisers were saying a lot

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Speaker 1: of contradictory things about what he stood for and what

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Speaker 1: he didn't stand for. UM, it was very confusing. They

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Speaker 1: canceled an immigration speech once they they looked like they

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Speaker 1: were really they were also in the middle of overhauling

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Speaker 1: the campaign that UH, Paul Mantaforth, the former campaign chairman

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Speaker 1: left and and uh two others took over, and so

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Speaker 1: that they kind of looked like they didn't they weren't

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Speaker 1: sure about what they were going to do. But that

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Speaker 1: has culminated, it culminated today with this kind of bold

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Speaker 1: series of events that look that that look like the

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Speaker 1: product of a lot of planning. Okay, Hispanic leaders in

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Speaker 1: the United States, elected officials, leaders of various organizations. One

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Speaker 1: are some of the latest things they've said. Do we

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Speaker 1: have any response today for many of those people about

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Speaker 1: Trump meeting with and the opinion yet Mexico's president. Yeah,

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Speaker 1: so the meeting is going going on right now, So

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Speaker 1: I'm really curious to hear what they think once it's over.

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Speaker 1: But I think the the uh, the comments that I

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Speaker 1: saw before and earlier today, we're all quite negative, you know,

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Speaker 1: kind of in the spirit of what Hillary Clinton said

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Speaker 1: that that he said a lot of things and he

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Speaker 1: stands for a lot of things, and no meeting can

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Speaker 1: So what if Donald Trump says comes out and says,

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Speaker 1: you know what, I think Mexico is a great country.

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Speaker 1: I think Mexicans are great people, and I think he

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Speaker 1: has said words to that effect. What he said is

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Speaker 1: he thinks that there's too many Mexican criminals. He's visiting

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Speaker 1: the said rapists who are immigrating. He's also said he

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Speaker 1: thinks that illegal immigration not going through the proper channels

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Speaker 1: is wrong. So what if he says, I still think that.

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Speaker 1: But guess what, I know that we have tons of Hispanics,

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Speaker 1: you know, children of immigrants who got who legally I'm

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Speaker 1: all for them, I'm all for the country. Does that

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Speaker 1: somehow start treating the tide for Donald Trump. So it's

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Speaker 1: certainly a softening, it's certainly something worth trying for him. Uh.

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Speaker 1: It's it's unclear whether his policies can change that much

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Speaker 1: given the coalition he's put together so far. But if

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Speaker 1: he saw softens on certain things such as those, he

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Speaker 1: might be able to attract more of the areas he's

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Speaker 1: struggling with, such as women. When you say the coalitions

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Speaker 1: put together to be mostly white men as opposed to

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Speaker 1: Hispanic or African America. What do you mean by so

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Speaker 1: not so? White men and women without college degrees are

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Speaker 1: kind of the main core, and they it is cool

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Speaker 1: in the people running his campaign you mean his followers,

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Speaker 1: then he's solition. Okay, So what does he have to

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Speaker 1: do in your mind? You got about thirty seconds left her.

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Speaker 1: I mean, is there anything he can do to convince

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Speaker 1: the rank and file, the people on the street, the

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Speaker 1: middle the middle class of this country who are descended

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Speaker 1: for um, you know, Hispanic immigrants, that he is on

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Speaker 1: their side somehow. So I really think we have to

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Speaker 1: take this day by day. Donald Trump may and today

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Speaker 1: very positively. You know, he he might have gone all

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Speaker 1: the way to Mexico, had a productive discussion and then

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Speaker 1: uh precedent with with the Mexican president deliver speech. It

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Speaker 1: could all be uh, it could all be quite substantive.

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Speaker 1: But he's got put together a lot more days. It's

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Speaker 1: gonna make that presidential debate all the more interesting. Mike

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Speaker 1: needs to thank you so very much, executive editor for

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Speaker 1: Bloomberg Politics. I want to thank Reggie Basil, our technical director,

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Speaker 1: Sam linga Are, producer Pim Fox on vacation. Hi, Pim,

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Speaker 1: come back soon. I'm Kathleen Hayes, and this is Bloomberg.

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Speaker 1: Coming up on Bloomberg Law. The federal government lodging some

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Speaker 1: antitrust complaints against Deer and Mons Santo. Greg Store from

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Speaker 1: Washington on Bloomberg Law, coming up on Bloomberg Radio. This

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Speaker 1: is Bloomberg