WEBVTT - Trump Responds to Second Apparent Attempt on Life; Fed Readies to Cut

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning.

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<v Speaker 1>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 1>stories we're following today.

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<v Speaker 3>Karen, we begin with the latest unexpected development in this

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<v Speaker 3>presidential race. Former President Donald Trump has apparently been targeted

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<v Speaker 3>for assassination for a second time, this time at his

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<v Speaker 3>Palm Beach golf course, and now a full scale multi

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<v Speaker 3>agency investigation is underway. Our team coverage begins with Bloomberg

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<v Speaker 3>Steve Podisk in Washington.

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<v Speaker 4>The Secret Service says it opened fire on a man

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<v Speaker 4>standing at the fence with a weapon with a scope.

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<v Speaker 4>Secret Service special Agent in charge of the Miami Field Office,

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<v Speaker 4>as Rafael Borrows.

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<v Speaker 5>Our agents engaged.

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<v Speaker 6>We are not sure right now if the individual was

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<v Speaker 6>able to take a shot at our agents, but for

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<v Speaker 6>sure our agents were able to co engage.

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<v Speaker 4>With the ship and a case file firearm was recovered

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<v Speaker 4>near the course that a vehicle detained. They say the

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<v Speaker 4>suspect was three hundred to five hundred yards from Trump.

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<v Speaker 4>He's identified as fifty eight year old Ryan Routh and

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<v Speaker 4>is in custody in Washington. Steve Potisk, Bloomberg Radio.

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<v Speaker 1>Right, Steve, thank you. A federal officials say the suspect,

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<v Speaker 1>Ryan Routh, has eight arrests on his record, apparently for

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<v Speaker 1>minor offenses. In addition to the AK forty seven style rifle,

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<v Speaker 1>the Secret Service says it also retrieved two rucksacks and

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<v Speaker 1>a go pro camera. This latest incident follows the assassination

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<v Speaker 1>attempt in Pennsylvania in July, which prompted criticism of the

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<v Speaker 1>Secret Service and the resignation of its director. Bloomberg political

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<v Speaker 1>contributor Jeanie Sheianzeno says, this will raise even further scrutiny.

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<v Speaker 7>How is it that somebody got an AK forty seven

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<v Speaker 7>within what the FBI said is four to five hundred

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<v Speaker 7>yards of him on a golf course. So I am

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<v Speaker 7>racking my brain to figure out if an American history

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<v Speaker 7>we have had a candidate and former president who has

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<v Speaker 7>been the victim of an attempted assassination not once, but

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<v Speaker 7>twice within two months on the campaign trail.

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<v Speaker 1>Bloomberg political contributor Genie Sheihanzino says the former president responded

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<v Speaker 1>to the incident in a text to supporters, saying, my

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<v Speaker 1>resolve is stronger after another attempt on my life.

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<v Speaker 3>I thank Karen. This comes as the former president looks

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<v Speaker 3>to move past his most recent debate, which polls show

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<v Speaker 3>most voters think Vice President Kamala Harris won. Bloomberg's Kevin

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<v Speaker 3>Whitelaw says it's unclear if this latest incident will affect

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<v Speaker 3>the race.

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<v Speaker 8>The first one obviously did have a bit of an

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<v Speaker 8>impact on the polls, and you know, but I think

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<v Speaker 8>we're pretty far down and the race is in a

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<v Speaker 8>very different place. You had Kamala Harris coming out of

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<v Speaker 8>the debate with a lot of momentum. The polls have

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<v Speaker 8>recently been showing it being very strong. Unclear to me

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<v Speaker 8>whether this really is going to change those dynamics, But

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<v Speaker 8>I do think the political rhetoric has just been getting

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<v Speaker 8>super intense on both sides.

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<v Speaker 3>And Bloomberg's Kevin Whitelaw ads the White House released a

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<v Speaker 3>statement saying President Biden and Vice President Harris were briefed

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<v Speaker 3>about the security incident and relieved to know Trump is safe.

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<v Speaker 3>In a post on her ex account, Harris said she

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<v Speaker 3>was deeply disturbed, adding that violence has no place in

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<v Speaker 3>America and Nathan.

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<v Speaker 1>Hours before the apparent assassination attempt, Trump responded to pop

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<v Speaker 1>star Taylor Swift's recent endorsement of Kamala Harris and his

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<v Speaker 1>social media posts. The former president wrote in all caps,

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<v Speaker 1>I hate Taylor Swift. Swift endorsed Harris minutes after last

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<v Speaker 1>week's debate, driving hundreds of thousands of visitors to the

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<v Speaker 1>vote dot gov, a voter registration website.

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<v Speaker 3>Well it's turned down from politics, Karen to markets. We

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<v Speaker 3>are two days away from an expected rate cut from

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<v Speaker 3>the Federal Reserve. In Bloomberg's John Tucker is here with

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<v Speaker 3>more so John, at least a quarter point cut seems

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<v Speaker 3>spanked in the cake at this.

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<v Speaker 9>Point, Nathan, the current market pricing from the CME places

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<v Speaker 9>the odds of a quarter percent cut at just about

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<v Speaker 9>sixty percent. The ons of a jumbo cut of fifty

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<v Speaker 9>basis point that stands around forty percent. Way Lead Blackrock

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<v Speaker 9>says this consensus view is right. The economy just doesn't

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<v Speaker 9>need a jumbo cut.

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<v Speaker 10>The big picture is that US growth is doing okay.

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<v Speaker 10>You look at their own FEDS on now Cast growth

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<v Speaker 10>model Q three GDP is tracking two point five percent.

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<v Speaker 9>Way Lea Blackrock says, the economy is okay, and the

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<v Speaker 9>S and P five hundred points out is less than

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<v Speaker 9>a percent away from its record high. This would be

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<v Speaker 9>the first rate cut from Fed officials since March of

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<v Speaker 9>twenty twenty. That's when the rates were slashed to cope

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<v Speaker 9>with the downturn from the pandemic. Cutting rates during a

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<v Speaker 9>presidential cycle that is a rarity. Since nineteen ninety the

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<v Speaker 9>Fed has cut rates in the final two months of

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<v Speaker 9>a presidential campaign only three times. In New York, I'm

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<v Speaker 9>John Tucker Bloomberg.

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<v Speaker 1>Radio, All right, John, thank you. And traders also monitoring

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<v Speaker 1>central bank activity around the globe this week. Bank of

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<v Speaker 1>England policymakers are expected to keep rates on hold after

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<v Speaker 1>cunning last month, and the Bank of Japan is also

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<v Speaker 1>projected to hold after raising rates twice.

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<v Speaker 3>And economic data out of China CAAREN showed a string

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<v Speaker 3>of misses, especially on industrial production. Bloomberg's Asia Government and

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<v Speaker 3>Politics correspondent Rebecca Chung Wilkin says pressure is mounting on

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<v Speaker 3>Chinese authorities to ramp up stimulus to ensure the country

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<v Speaker 3>hits its five percent growth target.

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<v Speaker 11>It's all the lowest level since nineteen ninety six, again

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<v Speaker 11>suggesting a sort of low demand from consumers is low

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<v Speaker 11>willingness and credit data also came in relatively weak too.

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<v Speaker 11>So in some ways just reinforcing that very negative backdrop.

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<v Speaker 3>Bloomberg's Rebecca Chung Wilkin says the Chinese Central Bank is

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<v Speaker 3>signaling it'll prioritize fighting deflation. That indicates more monetary easing

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<v Speaker 3>maybe ahead. Goldman, Zach's City Group and Morgan Stanley are

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<v Speaker 3>among banks downgrading their growth forecasts for China this year.

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<v Speaker 1>Well now to the latest on the war in the

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<v Speaker 1>Middle East, Nathan Israeli Prime Minister Benjamin at Yahoo is

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<v Speaker 1>warning the Hoo the militant group will pay a heavy

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<v Speaker 1>price after a hypersonic missile ended in central Israel over

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<v Speaker 1>the weekend. The Iran Bak group fired a missile that

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<v Speaker 1>evated interception by Israeli and US forces. No deaths were reported,

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<v Speaker 1>but it marks US sent back for Israel's air defense system.

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<v Speaker 3>And elsewhere in geopolitics, US and British officials are growing

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<v Speaker 3>increasingly concerned that Russia is giving nuclear weapons technology to Iran.

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<v Speaker 3>Western officials tell Bloomberg they feared the Kremlin is trading

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<v Speaker 3>nuclear secrets for ballistic missiles to use in its war

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<v Speaker 3>with Ukraine. President Biden is set to meet Ukrainian President

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<v Speaker 3>Vladimir Zelenski at the UN General Assembly next week to

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<v Speaker 3>discuss Zelenski's war strategy ahead of the US election.

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<v Speaker 1>And finally, Nathan, we have a company note this morning.

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<v Speaker 1>Boeing's credit is at risk of being cut to junk

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<v Speaker 1>as its workers strike threatens production and cash flow. Moody's

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<v Speaker 1>ratings place the Planemaker on review for a downgrade. Boeing

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<v Speaker 1>has forty five billion dollars in net debt, and it's

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<v Speaker 1>been bleeding cash after pairing back output following the near

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<v Speaker 1>catastrophic Alaska air incident in January. Honest time now for

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<v Speaker 1>look at some of the other stories making news in

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<v Speaker 1>New York and around the world. For that were joined

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<v Speaker 1>by Bloomberg's Michael Barr Michael good Morning.

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<v Speaker 12>Good morning, Caaren a new tropical threat heading into the

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<v Speaker 12>Carolinas today as potential tropical Storm Helene. Tropical Storm Mornings

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<v Speaker 12>are expanded from South Carolina all the way to the

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<v Speaker 12>outer Banks. The system is forecast to drive inland towards

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<v Speaker 12>Myrtle Beach and Wilmington, North Carolina, before pushing Deepert into

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<v Speaker 12>Charlotte and Raleigh. By the afternoon tomorrow, the system moves

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<v Speaker 12>into parts of West Virginia and western Virginia. The storm

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<v Speaker 12>Kupandoo's flash flooding with totals reaching as high as eight

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<v Speaker 12>inches of rain in parts of the Carolinas, along with

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<v Speaker 12>a one to three foot storm search. There was mayhem

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<v Speaker 12>at a New York City subway station when two officers

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<v Speaker 12>confronted a thirty seven year old man who had not

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<v Speaker 12>paid his fare. Police say the suspect told the officers

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<v Speaker 12>on the platform to stop following him or he will

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<v Speaker 12>kill them. The suspect then pulled a knife from his pocket.

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<v Speaker 12>The confrontation then moved inside a train. Please say they

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<v Speaker 12>shot the man after tasering him did not work. He

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<v Speaker 12>is under guard in critical condition at a Brooklyn hospital.

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<v Speaker 12>Two innocent bystanders were also shot. Interim NYPD Commissioner Thomas dundlm.

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<v Speaker 5>I'm especially concerned about bystanders. People are just trying to

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<v Speaker 5>get where they're going being the victims of harm in

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<v Speaker 5>this situation. But let's not forget why this started. It

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<v Speaker 5>started because somebody wanted to come into the transit system

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<v Speaker 5>with a weapon.

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<v Speaker 12>A forty nine year old bystander was shot in the

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<v Speaker 12>head and is in critical condition. A twenty six year

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<v Speaker 12>old woman was also wounded. And is in stable condition.

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<v Speaker 12>A forty year old officer was also shot. He's in

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<v Speaker 12>stable condition. Another member of the Jackson Five has died.

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<v Speaker 12>Tito Jackson was one of the five brothers that also

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<v Speaker 12>included Ki, Jermaine, Marlin, and Michael. The family group, which

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<v Speaker 12>was inducted into the Rock and Roll Hall of Fame

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<v Speaker 12>in nineteen ninety seven, produced several number one hits in

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<v Speaker 12>the nineteen seventies, including I Want You Back, ABC and

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<v Speaker 12>I'll Be There. Tito Jackson was seventy atfec says. Showgun

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<v Speaker 12>won for Best Drama I at the twenty twenty four

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<v Speaker 12>Emmy Awards as the Best in Television was honored last night,

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<v Speaker 12>aired on ABC, asked for Outstanding Comedy.

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<v Speaker 7>You Were Ghost Too the Emmy Ghost Too Hack.

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<v Speaker 12>Hack star Geene Smart also won Best Comedy Actress. Jeremy

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<v Speaker 12>Allen White won them Me for Lead Actor in the

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<v Speaker 12>Comedy Series for his work in The Bear Global News

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<v Speaker 12>twenty four Hours a Day and Want It with the

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<v Speaker 12>Bloomberg News. Now, I'm Michael Barr, and this is Bloomberg

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<v Speaker 12>Karen Orray.

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<v Speaker 1>Michael Barr, thank you time now for the Bloomberg Sports

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<v Speaker 1>Update with John stash Hour John Good Morning.

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<v Speaker 13>Goo, Morning Karen. It was a bizarre game that the

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<v Speaker 13>Giants played in Washington. The Commanders had seven possessions. They

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<v Speaker 13>never punted, never turned it over, never scored a touchdown,

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<v Speaker 13>but they did kick field goals on all seven possessions,

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<v Speaker 13>haul by Austin Siebert, who they had signed last week.

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<v Speaker 13>The last one gave Washington twenty one to eighteen victory.

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<v Speaker 13>The Giants didn't have a kicker, Graham Gano heard his

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<v Speaker 13>hamstring on the opening kickoff, many wondering why they didn't

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<v Speaker 13>have a second kicker in uniform since Gino had been

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<v Speaker 13>bothered by a groin injury last week. Without him, the

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<v Speaker 13>Giant miss an extra point twice unsuccessfully went for two

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<v Speaker 13>points in defeat. The rookie whine out in the leak

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<v Speaker 13>Neighbors was terrific ten catches one hundred and twenty seven yards,

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<v Speaker 13>but Neighbors picked a bad time for his one drop.

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<v Speaker 13>It came on a late fourth down play the Jets

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<v Speaker 13>one at Tennessee twenty four to seventeen. Aaron Rodgers two

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<v Speaker 13>touchdown passes and finally a Jets winning quarterback, and that.

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<v Speaker 6>Ended a long time being able to have that interview

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<v Speaker 6>on the field after the game means you won, means

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<v Speaker 6>it you know, played halfway decent, so good to get

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<v Speaker 6>a win. These are kind of the games you look

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<v Speaker 6>back on late in the season you're thankful that you

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<v Speaker 6>if he won these because if you want to be

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<v Speaker 6>a great team, we got to win in these type

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<v Speaker 6>of environments against teams like that.

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<v Speaker 13>Cats defense much better, had four sacks, force two Titans

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<v Speaker 13>turnovers among the teams. Off to a two and I

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<v Speaker 13>start Houston with a win last night over Chicago nineteen thirteen.

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<v Speaker 13>New Orleans two wins by sixty two points. The Saints

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<v Speaker 13>won in Dallas by twenty five. Alvin Kamara scored four touchdowns.

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<v Speaker 13>Minnesota is two and other an upset of San Francisco

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<v Speaker 13>Sam Darnold a ninety seven yard TD pass to Justin Jefferson.

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<v Speaker 13>Yankees finished the five and two home stand beat the

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<v Speaker 13>Red Sox five to two. Aaron Judge home run number

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<v Speaker 13>fifty three, Carlos Madoni's fifteenth win. Baltimore lost. Yankees are

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<v Speaker 13>three games ahead start a road trip tomorrow in Seattle.

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<v Speaker 13>The Mets lost in the bottom of the nineth thing

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<v Speaker 13>in the Philadelphia two to one. John Stashedward Bloomberg Sports Karen.

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<v Speaker 14>Nabe coast to coast on Bloomberg Radio, nationwide on Sirius XM,

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<v Speaker 14>and around the world on Bloomberg dot Com and the

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<v Speaker 14>Bloomberg Business app.

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<v Speaker 3>This is Bloomberg day Break. Good morning, I'm Nathan Hager.

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<v Speaker 3>It is another stunning development in a presidential campaign that

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<v Speaker 3>has had more than its share of those. For the

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<v Speaker 3>second time this cycle, former President Donald Trump has been

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<v Speaker 3>the apparent target of an assassination attempt, this time at

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<v Speaker 3>his golf course in West Palm Beach. Rick Bradshaw's the

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<v Speaker 3>sheriff in Palm Beach County, Florida.

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<v Speaker 5>The Secret Service did exactly what they should have done.

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<v Speaker 5>They provided exactly what the protection should have been, and

0:12:23.440 --> 0:12:25.520
<v Speaker 5>their agent did a fantastic.

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<v Speaker 3>Job again Palm Beach Sheriff Rick Bradshaw. We are joined

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<v Speaker 3>now by Bloomberg News Senior editor Bill Good Morning. First off,

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<v Speaker 3>what is the latest that we know about this apparent

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<v Speaker 3>assassination attempt.

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<v Speaker 15>Well, what we've heard from Secret Service and the police

0:12:40.040 --> 0:12:43.720
<v Speaker 15>there in West Palm Beach was that, you know, the president,

0:12:44.080 --> 0:12:46.480
<v Speaker 15>former president was out on the golf course. They sent

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<v Speaker 15>per security measures, They had a Secret Service agent going

0:12:51.240 --> 0:12:54.120
<v Speaker 15>one hole ahead of him on the golf course. That

0:12:54.320 --> 0:12:58.760
<v Speaker 15>agent or those agents spotted a rifle getting poked through

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<v Speaker 15>a fence on the Para I of the golf course.

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<v Speaker 15>They quickly started firing in that direction. The person who

0:13:06.320 --> 0:13:10.080
<v Speaker 15>was there drop seemed to drop the weapon and run,

0:13:10.240 --> 0:13:14.080
<v Speaker 15>and they captured a fifty eight year old man named

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<v Speaker 15>Ryan Routh on the highway a little bit north of

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<v Speaker 15>West Palm Beach. They said he had scopes, he at

0:13:21.760 --> 0:13:24.560
<v Speaker 15>a go pro camera, things like that. We don't know

0:13:25.040 --> 0:13:28.480
<v Speaker 15>too many details about him at this point, other than

0:13:28.559 --> 0:13:30.920
<v Speaker 15>he is fifty eight years old. Appears to have been

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<v Speaker 15>living in Hawaii and has a long history of interactions

0:13:36.760 --> 0:13:41.800
<v Speaker 15>with law enforcement, including, according to NBC News citing court documents,

0:13:42.080 --> 0:13:44.800
<v Speaker 15>a conviction for having a machine gun at one point,

0:13:45.320 --> 0:13:47.760
<v Speaker 15>also charges for a hit and run. So someone who

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<v Speaker 15>has been known to law enforcement over the decades. On

0:13:51.440 --> 0:13:54.720
<v Speaker 15>social media, he seems to have been very agitated by

0:13:55.200 --> 0:13:58.840
<v Speaker 15>the Russian invasion of Ukraine. He did an interview with

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<v Speaker 15>The New York Times last year talking about how he

0:14:02.080 --> 0:14:06.079
<v Speaker 15>claimed to be trying to recruit foreign soldiers to go

0:14:06.240 --> 0:14:12.040
<v Speaker 15>fight on Ukraine's behalf there against Russia. So quite a

0:14:12.040 --> 0:14:15.720
<v Speaker 15>complicated history We're still waiting to see, you know, if

0:14:15.720 --> 0:14:19.080
<v Speaker 15>there's a mug shot and we get formal charges in this,

0:14:19.520 --> 0:14:23.480
<v Speaker 15>but it does seem like the Secret Service identified the

0:14:23.560 --> 0:14:27.960
<v Speaker 15>threat before that person was able to get too close

0:14:27.960 --> 0:14:29.120
<v Speaker 15>to former President Trump.

0:14:29.480 --> 0:14:32.920
<v Speaker 3>So Bill Ferries, as our senior editor for Bloomberg News,

0:14:32.920 --> 0:14:37.400
<v Speaker 3>I know you'll be assessing the potential political impact of

0:14:37.640 --> 0:14:43.040
<v Speaker 3>this latest incident involving former President Trump yet another attempt

0:14:43.080 --> 0:14:47.520
<v Speaker 3>apparently on his life. To put sort of a crass

0:14:47.560 --> 0:14:50.600
<v Speaker 3>point on it. Could this move the needle in the

0:14:50.600 --> 0:14:53.520
<v Speaker 3>presidential race with fifty days to go till the election.

0:14:54.560 --> 0:14:58.960
<v Speaker 15>Yeah, super volatile campaign even before this happened, this adding

0:14:59.000 --> 0:15:01.720
<v Speaker 15>another big very to it. We saw what was a

0:15:01.760 --> 0:15:04.960
<v Speaker 15>couple months ago on that first during that first assassination

0:15:05.000 --> 0:15:08.400
<v Speaker 15>attempt on Donald Trump, we did see him get a

0:15:08.440 --> 0:15:12.120
<v Speaker 15>little boost in support. This time, well, it'll take a

0:15:12.120 --> 0:15:15.400
<v Speaker 15>few days to see this time. It's a different campaign.

0:15:15.440 --> 0:15:18.400
<v Speaker 15>It's a different race already, as crazy as it sounds

0:15:18.440 --> 0:15:20.960
<v Speaker 15>to say that, you know, obviously Kamala Harris is now

0:15:20.960 --> 0:15:24.360
<v Speaker 15>the candidate no longer Joe Biden. We don't so far

0:15:24.560 --> 0:15:27.480
<v Speaker 15>have a lot of video or photo footage of what

0:15:27.680 --> 0:15:30.920
<v Speaker 15>happened there at the golf course. We did have like

0:15:31.080 --> 0:15:37.120
<v Speaker 15>real time live television cameras rolling during the first assassination attempt.

0:15:37.960 --> 0:15:42.800
<v Speaker 15>I think the bigger political picture here, though, is this

0:15:42.960 --> 0:15:47.520
<v Speaker 15>does offer Donald Trump and the Republican Party a chance

0:15:47.640 --> 0:15:51.360
<v Speaker 15>to move on from the discussion that had been centered

0:15:51.400 --> 0:15:55.760
<v Speaker 15>on a relatively poor debate performance just less than a

0:15:55.800 --> 0:15:58.920
<v Speaker 15>week ago. A lot of the talk since then, of course,

0:15:59.000 --> 0:16:04.760
<v Speaker 15>is centered around Trump's comments about immigrants allegedly eating people's

0:16:04.800 --> 0:16:08.960
<v Speaker 15>pets in Ohio. That has not been a winning topic

0:16:09.120 --> 0:16:13.400
<v Speaker 15>for Republicans or former President Trump. This does allow them

0:16:13.440 --> 0:16:16.840
<v Speaker 15>to maybe shift the debate back to something that's perhaps

0:16:17.040 --> 0:16:19.840
<v Speaker 15>or more on their terms, like the economy, where voters

0:16:19.880 --> 0:16:25.520
<v Speaker 15>still give former president high mark. So that's probably one

0:16:25.560 --> 0:16:28.560
<v Speaker 15>of the bigger political impacts we'll see in the coming days,

0:16:28.600 --> 0:16:31.240
<v Speaker 15>whether there's also a bump in the polls, just like

0:16:31.240 --> 0:16:34.760
<v Speaker 15>a sympathy bump from this latest attempt on his life.

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