Speaker 1: Bloomberg Audio Studios, Podcasts, Radio news. Good morning, I'm Nathan
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're
Speaker 1: following today.
Speaker 2: Karen, let's begin this morning with the latest in the
Speaker 2: presidential race. Kamala Harris has taken her bid to court
Speaker 2: conservative voters to Fox News. The Vice President promised her
Speaker 2: presidency would not be a second Joe Biden administration.
Speaker 3: Like every new president that comes in to office, I
Speaker 3: will bring my life experiences, my professional experiences, and fresh
Speaker 3: and new ideas.
Speaker 2: Vice President Harris's interview with Fox anchor Brett Bayer turned
Speaker 2: testee almost from the first question, when he asked whether
Speaker 2: she regretted reversing former President Donald Trump's border policies.
Speaker 3: The first bill, practically within hours of taking the oath,
Speaker 3: was a bill to fix our immigration system this, ma'am.
Speaker 4: It was called the US Citizen Citizenship Act of two
Speaker 4: thousand exactly one, essentially but half way a citizenship.
Speaker 3: Yes, math finished, math finished, responding.
Speaker 5: For you here.
Speaker 2: Kamala Harris's Fox News interview capped off a day where
Speaker 2: she appeared in suburban Philadelphia with dozens of Republican officials
Speaker 2: who have endorsed her campaign well Nathan.
Speaker 6: Former President Trump meanwhile held a town hall with Latino
Speaker 6: voters on this Spanish language Univision network. One voter asked
Speaker 6: if Trump really believed that Haitian migrants in Springfield, Ohio
Speaker 6: have eaten people's pets.
Speaker 4: This was just reported. I was just saying what was reported.
Speaker 4: That's been reported. Uh, and eating other things too that
Speaker 4: they're not supposed to be. But this is all I
Speaker 4: do is report. I have not. I was there, I'm
Speaker 4: going to be there, and we're going to take a look,
Speaker 4: and I'll give you a full report what I do.
Speaker 6: Donald Trump was also asked about his role in the
Speaker 6: Capitol riot on January sixth. The former president said nothing
Speaker 6: was done wrong that day.
Speaker 4: Ashley Babbitt was killed. Nobody was killed. There were no
Speaker 4: guns down there. We didn't have guns. The others had guns.
Speaker 6: Trump has ignored other deaths in the days and weeks
Speaker 6: after the insurrection, and when asked about any mistakes from
Speaker 6: his first term, Trump suggested his only error was hiring
Speaker 6: certain people in his administration.
Speaker 7: Well.
Speaker 2: Meanwhile, Karen billionaire investor stand drucken Miller says, if the
Speaker 2: markets are any indication, Donald Trump will win the election,
Speaker 2: drug and Miller spoke with Bloomberg Shinali Bassic.
Speaker 8: I remember how right the market was on Ronald Reagan
Speaker 8: in nineteen eighty despite what the Punins were saying. And
Speaker 8: I must say, in the last twelve days, the market
Speaker 8: and the inside of the market is very convinced Trump
Speaker 8: is going to win. You can see it in the
Speaker 8: bank stocks, you can see it in crypto.
Speaker 2: Stan Drucken Miller says he won't vote for either Harris
Speaker 2: or Trump. He calls Trump a blowhard, while he says
Speaker 2: a Harris presidency would be bad for business.
Speaker 6: Well, let's get to the latest developments in the Middle
Speaker 6: East now, Nathan USB two South bombers have struck weapons
Speaker 6: storage sites linked to Hoothy rebels and Yemen. It's the
Speaker 6: latest effort to blunt attacks by the around Back group.
Speaker 6: That ever, royal commercial shipping in the Red Sea. Defense
Speaker 6: Secretary Lloyd Austin says the use of the B two
Speaker 6: bombers was intended to send a message. Despite numerous strikes
Speaker 6: by Israel and US, and the US on the who
Speaker 6: the Easy allies have so far been unable to halt
Speaker 6: its attacks.
Speaker 2: Well, let's turn to markets now. Karen futures are pointed
Speaker 2: higher ahead of yesterday's small cap let rally on Wall Street.
Speaker 9: Of course, it was after that rally.
Speaker 2: The Russell two thousand index of smaller firms closed at
Speaker 2: its highest level in almost three years. This morning. NASTAQ
Speaker 2: futures are getting a lift after Taiwan's Semiconductor raised its
Speaker 2: revenue outlook for the year, easing concerns about global chip
Speaker 2: demand and the sustainability of an AI hardware.
Speaker 6: Boom Well earnings continue to be a focus for the
Speaker 6: markets here, Nathan. Today, Netflix will lead nearly a dozen
Speaker 6: companies reporting. We get a preview from Bloomberg's Tom Busby.
Speaker 10: Investors are expecting even more gains in subscriber growth thanks
Speaker 10: to that successful password crackdown, and more growth in advertising
Speaker 10: revenue as the streaming giant airs more live events like
Speaker 10: the two NFL games it'll streaming for the first time
Speaker 10: on Christmas Day this year. Bloomberg consensus calls for subscriber
Speaker 10: ads a four point four to seven million revenue of
Speaker 10: nine point seven eight billion dollars and Ernix per share
Speaker 10: of five dollars twelve cents. Tom Buzzby Bloomberg Radio.
Speaker 2: All right, Tom, thank you well. Bank results, led by
Speaker 2: Morgan Stanley, have hited out of the park, but one
Speaker 2: popular consultant says the best days may be over for
Speaker 2: the big financial firms. In its annual State of the
Speaker 2: Industry report, Mackenzie warns that higher profits enjoyed by global
Speaker 2: banks over the last two years could prove fleeting. It
Speaker 2: predicts headwinds or gathering steam led by lower interest rates
Speaker 2: and flagging loan demand.
Speaker 6: Well, Nathan, is a busy morning on the economic front.
Speaker 6: We will get the latest reading on retail sales, jobless claims,
Speaker 6: and industrial production. Ian Shepherdson, editor in chief at Pantheon
Speaker 6: and Macroeconomics, says despite this morning's readings, the Fed should
Speaker 6: keep on cutting rates.
Speaker 7: This obsession that the markets have and sadly some people
Speaker 7: at the Fed half with the latest data, just draws
Speaker 7: me nuts. You know, whatever you do due to policy
Speaker 7: now makes no difference to the economy for at least
Speaker 7: a year, and the data on not telling you anything
Speaker 7: about the current stance of policy. They're telling you about
Speaker 7: the stance of policy twelve to eighteen months ago, and
Speaker 7: since then it's become significantly tighter.
Speaker 6: Macrowagan. I'm Sean shepherd Since says due to industrial strife
Speaker 6: at Boeing and Hurricane Milton, the October jobs report is
Speaker 6: more uncertain than usual.
Speaker 2: In Europe this morning, Karen, the European Central Bank is
Speaker 2: widely expected to cut interest rates for a second are
Speaker 2: a second consecutive meeting, just five weeks after its last production.
Speaker 2: Analysts pulled by Bloomberg unanimously predict a quarter point ECB
Speaker 2: reduction to three and a quarter percent.
Speaker 6: And it's time over for look at some of the
Speaker 6: other stories making news in New York and around the world.
Speaker 6: And for that we're joined by Bloomberg's Michael Barr. Michael,
Speaker 6: good Morning, Good morning, Karen.
Speaker 11: A Georgia judge has declared that seven new election rules
Speaker 11: recently passed by the state Election board are illegal, unconstitutional,
Speaker 11: and void. Fulton County Superior Court Judge Thomas Cox issued
Speaker 11: the order yesterday after holding a hearing on challenges to
Speaker 11: the rules. The rules that Cox invalidated include three that
Speaker 11: had gotten a lot of attention. One require that the
Speaker 11: number of ballots be handcounted after the close of poles,
Speaker 11: and two that had to do with the certification of
Speaker 11: election results. The family of the Menendez brothers are supporting
Speaker 11: the prison release of the two men who shot and
Speaker 11: killed their parents in Beverly Hills in nineteen eighty nine.
Speaker 11: Nearly two dozen family members of Eric and Lyle Menendez
Speaker 11: say they now believe the brothers were victims and were
Speaker 11: molested by their father. They also say that the murders
Speaker 11: were not in cold blood, but instead the then young
Speaker 11: men were in fear for their lives. Lyle and Eric's attorney,
Speaker 11: Mark Gerrigos.
Speaker 12: It corroborates what the family members said was the very
Speaker 12: uncomfortable rule in that house that you could not go
Speaker 12: down the hallway if Jose was with one of boys.
Speaker 11: It is now up to the Los Angeles County DA
Speaker 11: whether he will recommend their release from prison. The music
Speaker 11: industry is in mourning. Former One Direction singer Liam Payne
Speaker 11: was found dead and Buenos Aires at just thirty one
Speaker 11: years old. Buenos Aires police say that Payne fell from
Speaker 11: the third floor of a hotel balcony. After the band
Speaker 11: split in twenty fifteen, Pain embarked on a solo career.
Speaker 11: Authorities are investigating the circumstances of his death. President Biden,
Speaker 11: former Presidents Obama and Clinton, and members of the Kennedy
Speaker 11: family attended a memorial service for Ethel Kennedy at the
Speaker 11: Cathedral of Saint Matthew the Apostle in Washington. Former President
Speaker 11: Clinton she was.
Speaker 4: An amazing fireball of continuous energy. It was wonderful to
Speaker 4: be around her.
Speaker 11: The widow of Robert F. Kennedy was ninety six when
Speaker 11: she died a week ago. The Biden administration says it
Speaker 11: has marked a new milestone and the president effort to
Speaker 11: forgive student moans. Biden announced today that he has approved
Speaker 11: four point five billion dollars in student debt cancelation for
Speaker 11: around sixty thousand public servants. The administration says the total
Speaker 11: number of workers who have received relief exceeded one million
Speaker 11: since Biden took office. Global News twenty four hours a
Speaker 11: day and whenever you wanted with Bloomberg News. Now, I'm
Speaker 11: Michael Barr, and this is Bloomberg Kron.
Speaker 6: All right, Michael Barr, thank you. It's time now for
Speaker 6: the Bloomberg scores update. It's brought to you by Tri
Speaker 6: State Outie. And here's John stash Hour.
Speaker 13: John, Good morning, Good Morning care second time and now
Speaker 13: three NLCS games where Mets bats were quiet managed only
Speaker 13: four hits all singles. The Dodgers scratched across a couple
Speaker 13: of runs second and in Key k Hernandez a a
Speaker 13: two run omer the sixth and two innings later, two
Speaker 13: on for show.
Speaker 9: A for Sersay Tory Ride, dood Oo, Tony's.
Speaker 10: Boy, it is gone, come on into the second death.
Speaker 13: Seven Sports called Max Munsey homer to the ninth. Dodgers,
Speaker 13: who won game won nine to nothing, took Game three
Speaker 13: eight nothing, leaving Mets manager Carlos Mendoza down to one
Speaker 13: and asked about possible lineup changes for Game four.
Speaker 5: So the guys that are even there, got us students point,
Speaker 5: you know, and I'm pretty confidence that don't come true,
Speaker 5: you know. And yeah, you're playing playoff and when you're
Speaker 5: facing a pitching stuff like that, it's gonna be it's
Speaker 5: gonna be hard. At times, were creating traffic.
Speaker 6: You know.
Speaker 5: I like the fact that, you know, we getting guys
Speaker 5: on base, just haven't been able to come up with
Speaker 5: a big hit.
Speaker 13: Game four. Tonight, after Game three of the ALCS in Cleveland,
Speaker 13: Yankees up to nothing going with Clark Schmid. Matthew Boyd
Speaker 13: for The Guardian, speaking of game three's WNBA Finals at Minnesota,
Speaker 13: the Liberty, who blew an eighteen point lead in Game one.
Speaker 13: This time came from fifteen down beat the Links eighty
Speaker 13: to seventy seven on a Sabrina Younescue thirty foot shot
Speaker 13: with one second left. Liberty can win the first championship
Speaker 13: in two. Mystery Tomorrow day Afternoons that Giants tackle Andrew
Speaker 13: Thomas will be out a while m MRI results. He
Speaker 13: needs surgery on his foot. Thomas done for the year.
Speaker 13: Giants Sunday hosts Philadelphia The Return on Saquon Barkley. He
Speaker 13: said he has no hate for his former team, still
Speaker 13: talk with many of his former teammates. Barkley said he
Speaker 13: hopes the fans don't woo him. The newest jet, DeVante Adams.
Speaker 13: We'll see at least some plain times Sunday night in
Speaker 13: Pittsburgh John's Dash The We're Bloomberg Sports Karen.
Speaker 9: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 9: and around the world on Bloomberg dot Com and the
Speaker 9: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 9: Nathan Hager. Kamala Harris is promising to be the change
Speaker 9: candidate with less than three weeks to go until the election,
Speaker 9: the Vice President made an appeal to conservative voters in
Speaker 9: an interview on Fox News that.
Speaker 3: May be very clear, my presidency will not be a
Speaker 3: continuation with Joe Biden's presidency.
Speaker 2: For more on the state of the race, in this
Speaker 2: final stretcher, you're joined by Bloomberg News Senior editor Bill Ferries. Bill,
Speaker 2: good morning. Interesting to hear the Vice president try to
Speaker 2: distance herself from President Biden when almost from the beginning
Speaker 2: of this interview the Vice President was defending the Biden
Speaker 2: Harris administration's record on immigration.
Speaker 9: Good morning, good morning.
Speaker 14: Yeah, it was a very fiery, testy interview there on
Speaker 14: Fox News for the Vice president. She took a lot
Speaker 14: of very direct questions right off the bat about the
Speaker 14: about the administration's record on immigration, and of course she
Speaker 14: she's you know, said that there was an immigration proposal
Speaker 14: that the President Trump had a role in in vetoing
Speaker 14: over the last year. But you know, took some very
Speaker 14: hard questions about well, what was going on before that
Speaker 14: since she took office. Brett Baar asking her whether she,
Speaker 14: you know, needed to apologize to to people whose family
Speaker 14: members or friends had been killed by undocumented migrants. Who
Speaker 14: were in the country at the time, asked to explain
Speaker 14: why she said the border was secure when during the
Speaker 14: interview she said that it's a broken immigration system. So
Speaker 14: it was some very pointed questions. And I think each side,
Speaker 14: whether people are on the Harris side or on the
Speaker 14: Trump side, I think they're going to hear what they
Speaker 14: wanted to in that. But it was one of the
Speaker 14: most direct exchanges we've seen the Vice president take in
Speaker 14: this short campaign.
Speaker 2: Given that idea that people are going to hear what
Speaker 2: they want to hear in an exchange like that, I mean,
Speaker 2: how important is it for Vice President Harris to go
Speaker 2: ahead with this strategy that we seem to be seeing
Speaker 2: from her of trying to court conservative voters and broaden
Speaker 2: her tent when we do see this race in poll
Speaker 2: after poll showing things really airtight.
Speaker 14: Yeah, it's so hard to know what could possibly move
Speaker 14: the needle at this point, given how tight the race
Speaker 14: is and all the drama we've seen in this whole
Speaker 14: election cycle, including two attempted assassination attempts. Listen, I think,
Speaker 14: you know, I think the Vice president is trying to
Speaker 14: make a pitch toward more conservative folks out there Republicans
Speaker 14: who are still perhaps never Trumpers, maybe people who supported
Speaker 14: Trump the first time around but aren't so sure. We
Speaker 14: saw some of that, and we saw some of that
Speaker 14: in a presentation the former President Trump had on Univision
Speaker 14: where he actually faced one voter who said, Hey, I'm
Speaker 14: a Republican, I'm no longer registered. I want to give
Speaker 14: you the opportunity to win back my vote and went
Speaker 14: on to press former President Trump very directly as well
Speaker 14: about the events of January sixth and the storming of
Speaker 14: the Capitol and what he said, you know, the president
Speaker 14: did and didn't do that day.
Speaker 2: Yeah, interesting as well to see former President Trump engaged
Speaker 2: in a similar strategy here of possibly trying to reach
Speaker 2: out beyond his own base with this town hall with
Speaker 2: Latino voters, but at the same time he's still kind
Speaker 2: of refusing to back down on some of this rhetoric
Speaker 2: around Haitian migrants and eating people's pets, these widely debunked claims.
Speaker 11: Bill.
Speaker 14: Yeah, so we know that there has been a little
Speaker 14: bit of more support from Latino voters, particularly men, to
Speaker 14: the Trump campaign than we've seen in previous elections, and
Speaker 14: he's trying to build on that. I think but you're right,
Speaker 14: he still kind of holds onto these things that are,
Speaker 14: from what we can see in polls and surveys, kind
Speaker 14: of a turnoff for a lot of voters. This idea
Speaker 14: that in Springfield, Ohio, as you said, that Haitian immigrants
Speaker 14: are eating their pets. It's hard to see how that
Speaker 14: is in the end a winning strategy. But both candidates
Speaker 14: trying to find a way to expand that core group
Speaker 14: of support. You know, it's anywhere from forty eight percent
Speaker 14: to fifty one percent in these different states, and you
Speaker 14: know it's going to be and potentially some of these
Speaker 14: states a matter of a few thousand votes separating whoever
Speaker 14: gets the electoral votes from someone who doesn't. So it's
Speaker 14: a very tight race in both sides trying to see
Speaker 14: what they can get at the margins.
Speaker 2: In our last minute, Bill, let's talk about geopolitics. Are
Speaker 2: we starting to see signs of more direct engagement now
Speaker 2: from the US in the Middle East with this report
Speaker 2: that B two stealth bombers have gone after Hoothy weapons
Speaker 2: sites in Yemen.
Speaker 14: Yeah, pretty dramatic show of power from the US military
Speaker 14: and the Biden administration overnight with these B two stealth
Speaker 14: bombers doing a round trip from white Men Air Force
Speaker 14: Base in Missouri all the way to Yemen. These are,
Speaker 14: you know, these are some of the highest technology weapons
Speaker 14: the US has in its arsenal. They were targeting missiles,
Speaker 14: weapons components, and other deeply buried ammunition that the Huti
Speaker 14: rebels there are belief to have. We don't know if
Speaker 14: this is some kind of a softening up targets ahead
Speaker 14: of Israeli reprisal against Iran, but it's definitely seems to
Speaker 14: be a new stage in this conflict, in a new
Speaker 14: way of the US trying to flex some of its
Speaker 14: military might.
Speaker 6: This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 7: The