WEBVTT - Harris Vows to Be Different Than Biden; Trump Courts Latino Voters

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio news. Good morning, I'm Nathan

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

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<v Speaker 1>following today.

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<v Speaker 2>Karen, let's begin this morning with the latest in the

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<v Speaker 2>presidential race. Kamala Harris has taken her bid to court

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<v Speaker 2>conservative voters to Fox News. The Vice President promised her

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<v Speaker 2>presidency would not be a second Joe Biden administration.

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<v Speaker 3>Like every new president that comes in to office, I

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<v Speaker 3>will bring my life experiences, my professional experiences, and fresh

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<v Speaker 3>and new ideas.

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<v Speaker 2>Vice President Harris's interview with Fox anchor Brett Bayer turned

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<v Speaker 2>testee almost from the first question, when he asked whether

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<v Speaker 2>she regretted reversing former President Donald Trump's border policies.

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<v Speaker 3>The first bill, practically within hours of taking the oath,

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<v Speaker 3>was a bill to fix our immigration system this, ma'am.

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<v Speaker 4>It was called the US Citizen Citizenship Act of two

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<v Speaker 4>thousand exactly one, essentially but half way a citizenship.

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<v Speaker 3>Yes, math finished, math finished, responding.

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<v Speaker 5>For you here.

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<v Speaker 2>Kamala Harris's Fox News interview capped off a day where

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<v Speaker 2>she appeared in suburban Philadelphia with dozens of Republican officials

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<v Speaker 2>who have endorsed her campaign well Nathan.

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<v Speaker 6>Former President Trump meanwhile held a town hall with Latino

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<v Speaker 6>voters on this Spanish language Univision network. One voter asked

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<v Speaker 6>if Trump really believed that Haitian migrants in Springfield, Ohio

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<v Speaker 6>have eaten people's pets.

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<v Speaker 4>This was just reported. I was just saying what was reported.

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<v Speaker 4>That's been reported. Uh, and eating other things too that

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<v Speaker 4>they're not supposed to be. But this is all I

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<v Speaker 4>do is report. I have not. I was there, I'm

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<v Speaker 4>going to be there, and we're going to take a look,

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<v Speaker 4>and I'll give you a full report what I do.

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<v Speaker 6>Donald Trump was also asked about his role in the

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<v Speaker 6>Capitol riot on January sixth. The former president said nothing

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<v Speaker 6>was done wrong that day.

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<v Speaker 4>Ashley Babbitt was killed. Nobody was killed. There were no

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<v Speaker 4>guns down there. We didn't have guns. The others had guns.

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<v Speaker 6>Trump has ignored other deaths in the days and weeks

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<v Speaker 6>after the insurrection, and when asked about any mistakes from

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<v Speaker 6>his first term, Trump suggested his only error was hiring

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<v Speaker 6>certain people in his administration.

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<v Speaker 7>Well.

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<v Speaker 2>Meanwhile, Karen billionaire investor stand drucken Miller says, if the

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<v Speaker 2>markets are any indication, Donald Trump will win the election,

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<v Speaker 2>drug and Miller spoke with Bloomberg Shinali Bassic.

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<v Speaker 8>I remember how right the market was on Ronald Reagan

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<v Speaker 8>in nineteen eighty despite what the Punins were saying. And

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<v Speaker 8>I must say, in the last twelve days, the market

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<v Speaker 8>and the inside of the market is very convinced Trump

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<v Speaker 8>is going to win. You can see it in the

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<v Speaker 8>bank stocks, you can see it in crypto.

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<v Speaker 2>Stan Drucken Miller says he won't vote for either Harris

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<v Speaker 2>or Trump. He calls Trump a blowhard, while he says

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<v Speaker 2>a Harris presidency would be bad for business.

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<v Speaker 6>Well, let's get to the latest developments in the Middle

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<v Speaker 6>East now, Nathan USB two South bombers have struck weapons

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<v Speaker 6>storage sites linked to Hoothy rebels and Yemen. It's the

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<v Speaker 6>latest effort to blunt attacks by the around Back group.

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<v Speaker 6>That ever, royal commercial shipping in the Red Sea. Defense

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<v Speaker 6>Secretary Lloyd Austin says the use of the B two

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<v Speaker 6>bombers was intended to send a message. Despite numerous strikes

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<v Speaker 6>by Israel and US, and the US on the who

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<v Speaker 6>the Easy allies have so far been unable to halt

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<v Speaker 6>its attacks.

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<v Speaker 2>Well, let's turn to markets now. Karen futures are pointed

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<v Speaker 2>higher ahead of yesterday's small cap let rally on Wall Street.

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<v Speaker 9>Of course, it was after that rally.

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<v Speaker 2>The Russell two thousand index of smaller firms closed at

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<v Speaker 2>its highest level in almost three years. This morning. NASTAQ

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<v Speaker 2>futures are getting a lift after Taiwan's Semiconductor raised its

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<v Speaker 2>revenue outlook for the year, easing concerns about global chip

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<v Speaker 2>demand and the sustainability of an AI hardware.

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<v Speaker 6>Boom Well earnings continue to be a focus for the

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<v Speaker 6>markets here, Nathan. Today, Netflix will lead nearly a dozen

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<v Speaker 6>companies reporting. We get a preview from Bloomberg's Tom Busby.

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<v Speaker 10>Investors are expecting even more gains in subscriber growth thanks

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<v Speaker 10>to that successful password crackdown, and more growth in advertising

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<v Speaker 10>revenue as the streaming giant airs more live events like

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<v Speaker 10>the two NFL games it'll streaming for the first time

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<v Speaker 10>on Christmas Day this year. Bloomberg consensus calls for subscriber

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<v Speaker 10>ads a four point four to seven million revenue of

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<v Speaker 10>nine point seven eight billion dollars and Ernix per share

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<v Speaker 10>of five dollars twelve cents. Tom Buzzby Bloomberg Radio.

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<v Speaker 2>All right, Tom, thank you well. Bank results, led by

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<v Speaker 2>Morgan Stanley, have hited out of the park, but one

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<v Speaker 2>popular consultant says the best days may be over for

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<v Speaker 2>the big financial firms. In its annual State of the

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<v Speaker 2>Industry report, Mackenzie warns that higher profits enjoyed by global

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<v Speaker 2>banks over the last two years could prove fleeting. It

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<v Speaker 2>predicts headwinds or gathering steam led by lower interest rates

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<v Speaker 2>and flagging loan demand.

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<v Speaker 6>Well, Nathan, is a busy morning on the economic front.

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<v Speaker 6>We will get the latest reading on retail sales, jobless claims,

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<v Speaker 6>and industrial production. Ian Shepherdson, editor in chief at Pantheon

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<v Speaker 6>and Macroeconomics, says despite this morning's readings, the Fed should

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<v Speaker 6>keep on cutting rates.

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<v Speaker 7>This obsession that the markets have and sadly some people

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<v Speaker 7>at the Fed half with the latest data, just draws

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<v Speaker 7>me nuts. You know, whatever you do due to policy

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<v Speaker 7>now makes no difference to the economy for at least

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<v Speaker 7>a year, and the data on not telling you anything

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<v Speaker 7>about the current stance of policy. They're telling you about

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<v Speaker 7>the stance of policy twelve to eighteen months ago, and

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<v Speaker 7>since then it's become significantly tighter.

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<v Speaker 6>Macrowagan. I'm Sean shepherd Since says due to industrial strife

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<v Speaker 6>at Boeing and Hurricane Milton, the October jobs report is

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<v Speaker 6>more uncertain than usual.

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<v Speaker 2>In Europe this morning, Karen, the European Central Bank is

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<v Speaker 2>widely expected to cut interest rates for a second are

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<v Speaker 2>a second consecutive meeting, just five weeks after its last production.

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<v Speaker 2>Analysts pulled by Bloomberg unanimously predict a quarter point ECB

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<v Speaker 2>reduction to three and a quarter percent.

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<v Speaker 6>And it's time over for look at some of the

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<v Speaker 6>other stories making news in New York and around the world.

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<v Speaker 6>And for that we're joined by Bloomberg's Michael Barr. Michael,

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<v Speaker 6>good Morning, Good morning, Karen.

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<v Speaker 11>A Georgia judge has declared that seven new election rules

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<v Speaker 11>recently passed by the state Election board are illegal, unconstitutional,

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<v Speaker 11>and void. Fulton County Superior Court Judge Thomas Cox issued

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<v Speaker 11>the order yesterday after holding a hearing on challenges to

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<v Speaker 11>the rules. The rules that Cox invalidated include three that

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<v Speaker 11>had gotten a lot of attention. One require that the

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<v Speaker 11>number of ballots be handcounted after the close of poles,

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<v Speaker 11>and two that had to do with the certification of

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<v Speaker 11>election results. The family of the Menendez brothers are supporting

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<v Speaker 11>the prison release of the two men who shot and

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<v Speaker 11>killed their parents in Beverly Hills in nineteen eighty nine.

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<v Speaker 11>Nearly two dozen family members of Eric and Lyle Menendez

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<v Speaker 11>say they now believe the brothers were victims and were

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<v Speaker 11>molested by their father. They also say that the murders

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<v Speaker 11>were not in cold blood, but instead the then young

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<v Speaker 11>men were in fear for their lives. Lyle and Eric's attorney,

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<v Speaker 11>Mark Gerrigos.

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<v Speaker 12>It corroborates what the family members said was the very

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<v Speaker 12>uncomfortable rule in that house that you could not go

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<v Speaker 12>down the hallway if Jose was with one of boys.

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<v Speaker 11>It is now up to the Los Angeles County DA

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<v Speaker 11>whether he will recommend their release from prison. The music

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<v Speaker 11>industry is in mourning. Former One Direction singer Liam Payne

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<v Speaker 11>was found dead and Buenos Aires at just thirty one

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<v Speaker 11>years old. Buenos Aires police say that Payne fell from

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<v Speaker 11>the third floor of a hotel balcony. After the band

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<v Speaker 11>split in twenty fifteen, Pain embarked on a solo career.

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<v Speaker 11>Authorities are investigating the circumstances of his death. President Biden,

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<v Speaker 11>former Presidents Obama and Clinton, and members of the Kennedy

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<v Speaker 11>family attended a memorial service for Ethel Kennedy at the

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<v Speaker 11>Cathedral of Saint Matthew the Apostle in Washington. Former President

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<v Speaker 11>Clinton she was.

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<v Speaker 4>An amazing fireball of continuous energy. It was wonderful to

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<v Speaker 4>be around her.

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<v Speaker 11>The widow of Robert F. Kennedy was ninety six when

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<v Speaker 11>she died a week ago. The Biden administration says it

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<v Speaker 11>has marked a new milestone and the president effort to

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<v Speaker 11>forgive student moans. Biden announced today that he has approved

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<v Speaker 11>four point five billion dollars in student debt cancelation for

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<v Speaker 11>around sixty thousand public servants. The administration says the total

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<v Speaker 11>number of workers who have received relief exceeded one million

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<v Speaker 11>since Biden took office. Global News twenty four hours a

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<v Speaker 11>day and whenever you wanted with Bloomberg News. Now, I'm

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<v Speaker 11>Michael Barr, and this is Bloomberg Kron.

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<v Speaker 6>All right, Michael Barr, thank you. It's time now for

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<v Speaker 6>the Bloomberg scores update. It's brought to you by Tri

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<v Speaker 6>State Outie. And here's John stash Hour.

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<v Speaker 13>John, Good morning, Good Morning care second time and now

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<v Speaker 13>three NLCS games where Mets bats were quiet managed only

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<v Speaker 13>four hits all singles. The Dodgers scratched across a couple

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<v Speaker 13>of runs second and in Key k Hernandez a a

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<v Speaker 13>two run omer the sixth and two innings later, two

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<v Speaker 13>on for show.

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<v Speaker 9>A for Sersay Tory Ride, dood Oo, Tony's.

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<v Speaker 10>Boy, it is gone, come on into the second death.

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<v Speaker 13>Seven Sports called Max Munsey homer to the ninth. Dodgers,

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<v Speaker 13>who won game won nine to nothing, took Game three

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<v Speaker 13>eight nothing, leaving Mets manager Carlos Mendoza down to one

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<v Speaker 13>and asked about possible lineup changes for Game four.

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<v Speaker 5>So the guys that are even there, got us students point,

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<v Speaker 5>you know, and I'm pretty confidence that don't come true,

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<v Speaker 5>you know. And yeah, you're playing playoff and when you're

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<v Speaker 5>facing a pitching stuff like that, it's gonna be it's

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<v Speaker 5>gonna be hard. At times, were creating traffic.

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<v Speaker 6>You know.

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<v Speaker 5>I like the fact that, you know, we getting guys

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<v Speaker 5>on base, just haven't been able to come up with

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<v Speaker 5>a big hit.

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<v Speaker 13>Game four. Tonight, after Game three of the ALCS in Cleveland,

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<v Speaker 13>Yankees up to nothing going with Clark Schmid. Matthew Boyd

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<v Speaker 13>for The Guardian, speaking of game three's WNBA Finals at Minnesota,

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<v Speaker 13>the Liberty, who blew an eighteen point lead in Game one.

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<v Speaker 13>This time came from fifteen down beat the Links eighty

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<v Speaker 13>to seventy seven on a Sabrina Younescue thirty foot shot

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<v Speaker 13>with one second left. Liberty can win the first championship

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<v Speaker 13>in two. Mystery Tomorrow day Afternoons that Giants tackle Andrew

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<v Speaker 13>Thomas will be out a while m MRI results. He

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<v Speaker 13>needs surgery on his foot. Thomas done for the year.

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<v Speaker 13>Giants Sunday hosts Philadelphia The Return on Saquon Barkley. He

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<v Speaker 13>said he has no hate for his former team, still

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<v Speaker 13>talk with many of his former teammates. Barkley said he

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<v Speaker 13>hopes the fans don't woo him. The newest jet, DeVante Adams.

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<v Speaker 13>We'll see at least some plain times Sunday night in

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<v Speaker 13>Pittsburgh John's Dash The We're Bloomberg Sports Karen.

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<v Speaker 9>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:10:32.600 --> 0:10:35.520
<v Speaker 9>and around the world on Bloomberg dot Com and the

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<v Speaker 9>Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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<v Speaker 9>Nathan Hager. Kamala Harris is promising to be the change

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<v Speaker 9>candidate with less than three weeks to go until the election,

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<v Speaker 9>the Vice President made an appeal to conservative voters in

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<v Speaker 9>an interview on Fox News that.

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<v Speaker 3>May be very clear, my presidency will not be a

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<v Speaker 3>continuation with Joe Biden's presidency.

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<v Speaker 2>For more on the state of the race, in this

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<v Speaker 2>final stretcher, you're joined by Bloomberg News Senior editor Bill Ferries. Bill,

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<v Speaker 2>good morning. Interesting to hear the Vice president try to

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<v Speaker 2>distance herself from President Biden when almost from the beginning

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<v Speaker 2>of this interview the Vice President was defending the Biden

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<v Speaker 2>Harris administration's record on immigration.

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<v Speaker 9>Good morning, good morning.

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<v Speaker 14>Yeah, it was a very fiery, testy interview there on

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<v Speaker 14>Fox News for the Vice president. She took a lot

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<v Speaker 14>of very direct questions right off the bat about the

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<v Speaker 14>about the administration's record on immigration, and of course she

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<v Speaker 14>she's you know, said that there was an immigration proposal

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<v Speaker 14>that the President Trump had a role in in vetoing

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<v Speaker 14>over the last year. But you know, took some very

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<v Speaker 14>hard questions about well, what was going on before that

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<v Speaker 14>since she took office. Brett Baar asking her whether she,

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<v Speaker 14>you know, needed to apologize to to people whose family

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<v Speaker 14>members or friends had been killed by undocumented migrants. Who

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<v Speaker 14>were in the country at the time, asked to explain

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<v Speaker 14>why she said the border was secure when during the

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<v Speaker 14>interview she said that it's a broken immigration system. So

0:12:12.480 --> 0:12:17.599
<v Speaker 14>it was some very pointed questions. And I think each side,

0:12:17.960 --> 0:12:19.520
<v Speaker 14>whether people are on the Harris side or on the

0:12:19.520 --> 0:12:21.360
<v Speaker 14>Trump side, I think they're going to hear what they

0:12:21.400 --> 0:12:23.680
<v Speaker 14>wanted to in that. But it was one of the

0:12:23.679 --> 0:12:26.560
<v Speaker 14>most direct exchanges we've seen the Vice president take in

0:12:26.600 --> 0:12:27.760
<v Speaker 14>this short campaign.

0:12:28.000 --> 0:12:30.079
<v Speaker 2>Given that idea that people are going to hear what

0:12:30.120 --> 0:12:32.760
<v Speaker 2>they want to hear in an exchange like that, I mean,

0:12:32.800 --> 0:12:35.640
<v Speaker 2>how important is it for Vice President Harris to go

0:12:35.679 --> 0:12:38.040
<v Speaker 2>ahead with this strategy that we seem to be seeing

0:12:38.040 --> 0:12:42.040
<v Speaker 2>from her of trying to court conservative voters and broaden

0:12:42.120 --> 0:12:45.120
<v Speaker 2>her tent when we do see this race in poll

0:12:45.160 --> 0:12:47.800
<v Speaker 2>after poll showing things really airtight.

0:12:48.760 --> 0:12:51.600
<v Speaker 14>Yeah, it's so hard to know what could possibly move

0:12:51.679 --> 0:12:54.439
<v Speaker 14>the needle at this point, given how tight the race

0:12:54.559 --> 0:12:57.400
<v Speaker 14>is and all the drama we've seen in this whole

0:12:57.880 --> 0:13:02.440
<v Speaker 14>election cycle, including two attempted assassination attempts. Listen, I think,

0:13:02.480 --> 0:13:05.000
<v Speaker 14>you know, I think the Vice president is trying to

0:13:05.080 --> 0:13:10.319
<v Speaker 14>make a pitch toward more conservative folks out there Republicans

0:13:10.360 --> 0:13:14.360
<v Speaker 14>who are still perhaps never Trumpers, maybe people who supported

0:13:14.440 --> 0:13:17.240
<v Speaker 14>Trump the first time around but aren't so sure. We

0:13:17.320 --> 0:13:19.800
<v Speaker 14>saw some of that, and we saw some of that

0:13:19.880 --> 0:13:24.199
<v Speaker 14>in a presentation the former President Trump had on Univision

0:13:24.240 --> 0:13:27.520
<v Speaker 14>where he actually faced one voter who said, Hey, I'm

0:13:27.520 --> 0:13:30.360
<v Speaker 14>a Republican, I'm no longer registered. I want to give

0:13:30.400 --> 0:13:33.240
<v Speaker 14>you the opportunity to win back my vote and went

0:13:33.280 --> 0:13:36.760
<v Speaker 14>on to press former President Trump very directly as well

0:13:37.120 --> 0:13:40.040
<v Speaker 14>about the events of January sixth and the storming of

0:13:40.080 --> 0:13:42.200
<v Speaker 14>the Capitol and what he said, you know, the president

0:13:42.280 --> 0:13:43.720
<v Speaker 14>did and didn't do that day.

0:13:44.160 --> 0:13:48.280
<v Speaker 2>Yeah, interesting as well to see former President Trump engaged

0:13:48.320 --> 0:13:51.480
<v Speaker 2>in a similar strategy here of possibly trying to reach

0:13:51.559 --> 0:13:55.640
<v Speaker 2>out beyond his own base with this town hall with

0:13:55.880 --> 0:14:00.280
<v Speaker 2>Latino voters, but at the same time he's still kind

0:14:00.280 --> 0:14:03.440
<v Speaker 2>of refusing to back down on some of this rhetoric

0:14:03.520 --> 0:14:09.280
<v Speaker 2>around Haitian migrants and eating people's pets, these widely debunked claims.

0:14:09.280 --> 0:14:09.520
<v Speaker 11>Bill.

0:14:10.360 --> 0:14:13.320
<v Speaker 14>Yeah, so we know that there has been a little

0:14:13.320 --> 0:14:18.160
<v Speaker 14>bit of more support from Latino voters, particularly men, to

0:14:18.240 --> 0:14:21.320
<v Speaker 14>the Trump campaign than we've seen in previous elections, and

0:14:21.360 --> 0:14:24.800
<v Speaker 14>he's trying to build on that. I think but you're right,

0:14:24.840 --> 0:14:27.720
<v Speaker 14>he still kind of holds onto these things that are,

0:14:28.200 --> 0:14:30.720
<v Speaker 14>from what we can see in polls and surveys, kind

0:14:30.760 --> 0:14:33.120
<v Speaker 14>of a turnoff for a lot of voters. This idea

0:14:33.160 --> 0:14:37.120
<v Speaker 14>that in Springfield, Ohio, as you said, that Haitian immigrants

0:14:37.360 --> 0:14:39.600
<v Speaker 14>are eating their pets. It's hard to see how that

0:14:39.760 --> 0:14:43.440
<v Speaker 14>is in the end a winning strategy. But both candidates

0:14:43.520 --> 0:14:47.200
<v Speaker 14>trying to find a way to expand that core group

0:14:47.240 --> 0:14:50.720
<v Speaker 14>of support. You know, it's anywhere from forty eight percent

0:14:50.760 --> 0:14:53.520
<v Speaker 14>to fifty one percent in these different states, and you

0:14:53.520 --> 0:14:55.400
<v Speaker 14>know it's going to be and potentially some of these

0:14:55.400 --> 0:14:59.080
<v Speaker 14>states a matter of a few thousand votes separating whoever

0:14:59.080 --> 0:15:02.240
<v Speaker 14>gets the electoral votes from someone who doesn't. So it's

0:15:02.280 --> 0:15:04.520
<v Speaker 14>a very tight race in both sides trying to see

0:15:04.520 --> 0:15:05.800
<v Speaker 14>what they can get at the margins.

0:15:06.000 --> 0:15:08.960
<v Speaker 2>In our last minute, Bill, let's talk about geopolitics. Are

0:15:08.960 --> 0:15:12.000
<v Speaker 2>we starting to see signs of more direct engagement now

0:15:12.000 --> 0:15:14.200
<v Speaker 2>from the US in the Middle East with this report

0:15:14.280 --> 0:15:17.320
<v Speaker 2>that B two stealth bombers have gone after Hoothy weapons

0:15:17.320 --> 0:15:18.040
<v Speaker 2>sites in Yemen.

0:15:18.920 --> 0:15:22.720
<v Speaker 14>Yeah, pretty dramatic show of power from the US military

0:15:22.720 --> 0:15:27.080
<v Speaker 14>and the Biden administration overnight with these B two stealth

0:15:27.120 --> 0:15:30.560
<v Speaker 14>bombers doing a round trip from white Men Air Force

0:15:30.600 --> 0:15:34.480
<v Speaker 14>Base in Missouri all the way to Yemen. These are,

0:15:34.640 --> 0:15:38.120
<v Speaker 14>you know, these are some of the highest technology weapons

0:15:38.160 --> 0:15:42.200
<v Speaker 14>the US has in its arsenal. They were targeting missiles,

0:15:42.440 --> 0:15:47.440
<v Speaker 14>weapons components, and other deeply buried ammunition that the Huti

0:15:47.560 --> 0:15:50.680
<v Speaker 14>rebels there are belief to have. We don't know if

0:15:50.680 --> 0:15:53.960
<v Speaker 14>this is some kind of a softening up targets ahead

0:15:54.000 --> 0:15:58.200
<v Speaker 14>of Israeli reprisal against Iran, but it's definitely seems to

0:15:58.240 --> 0:16:00.880
<v Speaker 14>be a new stage in this conflict, in a new

0:16:00.880 --> 0:16:03.040
<v Speaker 14>way of the US trying to flex some of its

0:16:03.080 --> 0:16:03.760
<v Speaker 14>military might.

0:16:04.000 --> 0:16:07.400
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