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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Nathan

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

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Speaker 1: following today.

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Speaker 2: Karen, we began with the latest from the campaign trail

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Speaker 2: for Donald Trump.

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Speaker 3: Last night.

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Speaker 2: It ran through the heart of Manhattan.

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Speaker 4: An incredible arena, Madison Square Garden.

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Speaker 3: Incredible.

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Speaker 2: The former president capped off a nearly six hour rally

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Speaker 2: inside the fabled arena and called on his supporters to

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Speaker 2: defeat Kamala Harris.

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Speaker 5: With you a.

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Speaker 2: Vote in this election, I will end inflation.

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Speaker 6: I will stop the invasion of criminals coming into our country.

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Speaker 2: Donald Trump was joined by about two dozen speakers, including

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Speaker 2: Elon Musk, who made a promise of his own to

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Speaker 2: Trump transition co chair Howard Ludnik, how.

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Speaker 4: Much do you think we can rip out of this.

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Speaker 2: Wasted six point five trillion Harris Biden budget?

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Speaker 7: Well, I think we can do at least two trillion.

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Speaker 3: Yeah.

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Speaker 2: And the rally included some controversial comments as well, like

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Speaker 2: this from comedian Tony Hinchcliff.

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Speaker 8: Like, I don't know if you guys know this, but

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Speaker 8: there's literally a floating island of garbage in the middle

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Speaker 8: of the ocean, right now, yeah, I think it's called

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Speaker 8: Puerto Rico.

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Speaker 9: Okay, all right now.

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Speaker 2: That drew a backlash from Republican lawmakers in Florida and

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Speaker 2: Puerto Rican celebrities, including rapper Bad Bunny and Jennifer Lopez,

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Speaker 2: who is of Puerto Rican descent. They showed support for

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Speaker 2: Kamala Harris following that comment.

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Speaker 6: Well, Nathan, Vice President Harris is seizing on the anti

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Speaker 6: Puerto Rico rhetoric from the Trump rally.

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Speaker 7: He abandoned the island, tried to block aid after back

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Speaker 7: to back devastating hurricanes, and offered nothing more than paper

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Speaker 7: towels and insults.

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Speaker 6: Kamala Harris announced a plan to boosh the island territory's

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Speaker 6: economy and power grid in a post on X Earlier,

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Speaker 6: Vice President hel to rally ever own in Philadelphia.

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Speaker 7: We have an opportunity before us to turn the page

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Speaker 7: on the fear and the divisiveness that have characterized our

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Speaker 7: politics for a decade because of Donald Trump.

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Speaker 6: Vice President Harris plans to deliver what her campaign is

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Speaker 6: calling her closing argument speech tomorrow. She'll appear at the

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Speaker 6: Ellipse outside the White House, the same spot where Donald

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Speaker 6: Trump rally supporters before the attack on the US Capitol

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Speaker 6: on January sixth, twenty twenty one.

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Speaker 2: Well Karen oil is tumbling this morning. It is down

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Speaker 2: nearly five percent in the international market. The drop comes

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Speaker 2: after Israeli strikes against targets in Iran avoided the OPEC

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Speaker 2: members crewed facilities. Bloomberg's Paul Wallace reports that is fueling

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Speaker 2: optimism hostilities in the Middle East, maybe easing.

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Speaker 10: A lot of regional officials in the Middle East and

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Speaker 10: probably beyond in the West as well, are thinking that

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Speaker 10: this seems to be the end of it for now,

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Speaker 10: at least based on Iran's reactions so far, it's been

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Speaker 10: a pretty muted reaction. The country is not vowing to

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Speaker 10: respond to Israel's strikes. Yes, four of its soldiers were killed,

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Speaker 10: but the damage didn't seem to be massive, and of

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Speaker 10: course Israel seemed to have left Iran's oil and nuclear

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Speaker 10: sites untouched. So I think a lot of people looking

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Speaker 10: this and saying okay, Iran seems happy to draw a

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Speaker 10: line under this and move on.

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Speaker 2: Bloomberg's Paul Walla says the Israeli strike avoided oil, nuclear

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Speaker 2: and civilian infrastructure in Iran, and that was in line

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Speaker 2: with a request from the Biden administration.

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Speaker 6: Well, turning to the markets now, Nathan, earnings will be

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Speaker 6: front and center, and this week's focus will shift to

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Speaker 6: big tech. We get a preview from Bloomberg's Charlie Pillar.

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Speaker 9: Tuesday, it's Google Parent Alphabet. Wednesday, it's Metal Platforms and Microsoft,

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Speaker 9: and then Apple and Amazon after the bell on Thursday.

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Speaker 9: Kate Moore is head of thematic strategy at black Rock.

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Speaker 9: She says, it's all about the outlook.

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Speaker 11: The big thing I'm watching though, is not the results

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Speaker 11: from the Third War, but I'm moniagcally focused on the

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Speaker 11: guidance companies are giving for the fourth quarter and for

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Speaker 11: twenty twenty five.

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Speaker 9: Also this week, Advanced micro Devices, Caterpillar, x on Mobile, Ford, McDonald's,

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Speaker 9: and Ubs in New York. Charlie Pellet Bloomberg Radio.

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Speaker 2: Charlie thanks. Another company we're watching, of course, is Boeing.

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Speaker 2: The planemaker plans to launch a capital raise as early

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Speaker 2: as today. Let's get the latest from Bloomberg's John Tucker. So, John,

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Speaker 2: how much are we talking here?

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Speaker 12: The company sent to raise more than fifteen billion dollars.

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Speaker 12: Nathan Boeing's advisors have been lining up the potential investors.

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Speaker 12: The transaction likely to include shares as well as debt

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Speaker 12: that can be converted into equity. Now, to put this

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Speaker 12: in perspective, a fifteen billion dollars share sale would be

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Speaker 12: the largest equity offering since twenty twenty. Boeing needs money

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Speaker 12: to keep its investment great credit rating and to fund

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Speaker 12: any eventual turnaround from the crippling strike. The company's on

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Speaker 12: pace to use around four billion dollars in cash during

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Speaker 12: the fourth quarter well. The planemaker expects to continue burning

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Speaker 12: cash through the first half of next year as well.

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Speaker 12: The Bowing factory workers voted last week to reject the

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Speaker 12: company's latest contract offer, which included a wage increase of

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Speaker 12: thirty five percent spread over four years. In New York,

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Speaker 12: I'm John Tucker, Bloomberg Radio.

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Speaker 6: All right, John, thank you now to the latest on

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Speaker 6: the health scare at McDonald's. The fast food giant says

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Speaker 6: quarter pounders will return to menus at all restaurants this

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Speaker 6: week after ruling out beef patties as a source of

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Speaker 6: a multi state ecali outbreak that has sickened to dozens

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Speaker 6: and left one person dead.

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Speaker 8: The E.

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Speaker 6: Coli infections appear to stem from these slivered onions served

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Speaker 6: on top of the hamburger. The company had stopped selling

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Speaker 6: the burgers in about twenty percent of its more than

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Speaker 6: thirteen thousand US restaurants. They will return without onions.

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Speaker 2: Eli Lelly expects to start selling its highly popular weight

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Speaker 2: loss drug in Hong Kong as early as the end

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Speaker 2: of this year. Lilly's SHOT's already been approved in mainland

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Speaker 2: China for weight loss and diabetes, but it remains unclear

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Speaker 2: when it plans to launch the product in the country.

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Speaker 2: His rival Nova Nordisk is already selling its diabetes drug

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Speaker 2: in honk in mainland China, but its weight loss version

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Speaker 2: has not been made available yet.

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Speaker 6: And Nathan the Yen has we can do a three

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Speaker 6: month low. After Japan's ruling coalition failed to win a

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Speaker 6: majority in parliament, the country now faces a period of

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Speaker 6: political instability as its two main blocks race to form

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Speaker 6: a government. Bloomberg's Paul Jackson in Tokyo says this outcome

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Speaker 6: was a risk the Prime Minister took in calling this election.

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Speaker 13: This was a big gamble to call an early election,

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Speaker 13: hoping that a kind of new leader popularity bump might

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Speaker 13: give him a mandate to lead the party over the

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Speaker 13: coming years. Instead, what he's ended up with is the

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Speaker 13: worst result for the ruling coalition since two thousand and nine.

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Speaker 13: So now he's going to pick up the pieces.

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Speaker 6: And Bloomberg's Paul Jackson says Prime Minister is Shiba promised

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Speaker 6: to take responsibility for restoring political stability following the loss.

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Speaker 6: According to Japan's constitution, a special session of Parliament must

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Speaker 6: be held within thirty days of a general election to

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Speaker 6: choose a prime minute. Honest time now for a look

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Speaker 6: at some of the other stories making news in New

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Speaker 6: York and around the world. For that, we're joined by

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Speaker 6: Bloomberg's Michael Barr Michael, Good Morning, Good Morning Karen.

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Speaker 5: Sentencing in Washington, d C. Today for a Hollywood actor

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Speaker 5: who pleaded guilty to being part of the January sixth

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Speaker 5: breach of the US Capitol. Jay Johnston, pleaded guilty to

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Speaker 5: a felony account of civil disorder back in January. Johnston

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Speaker 5: is arguably the most famous, having appeared in Bob's Burger's

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Speaker 5: and arrested development Prosecutors will ask for eighteen months in

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Speaker 5: prison for Johnston, saying he was part of that mob

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Speaker 5: that day. Johnston will seek leniency. His defense lawyer says

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Speaker 5: he has lost work over this. Pro Western opposition parties

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Speaker 5: in Georgia are crying foul at Saturday's parliamentary elections that

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Speaker 5: leave pro Moscow parties with a majority, with surveys showing

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Speaker 5: a vast majority of Georgian's wanting to join the European

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Speaker 5: Union observers fan across Georgia. The head of the European delegation,

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Speaker 5: Antonio Lopez Tourist White says irregularities were detected by observers.

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Speaker 14: We expressed did concern about the democratic backsliding in Georgia.

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Speaker 14: We fear that the climate of hatred and intimidation that

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Speaker 14: was also mentioned before we witness on the election, they

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Speaker 14: could seriously undermine the political process in Georgia.

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Speaker 5: Georgia's president, who wants to join the EUS, says their

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Speaker 5: country was a victim of a Russian special operation trying

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Speaker 5: to alter the outcome. A new bank rate study confirms

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Speaker 5: what many families already know. Childcare is expensive. Analyst Alex

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Speaker 5: Gaily says there are important websites parents can use to

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Speaker 5: find financial assistance for childcare and local providers.

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Speaker 8: Childcare dot goub can take you to your state's website.

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Speaker 8: And that is a great resource to go to to

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Speaker 8: find out more about where you get financial systems and

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Speaker 8: fine childcare in your state.

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Speaker 5: Gaily also recommends checking with local county and state offices

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Speaker 5: to see what services, tax breaks, or financial opportunities are

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Speaker 5: available in their area for childcare. The survey found the

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Speaker 5: most expensive states for childcare or New York, New Mexico,

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Speaker 5: and Hawaii, the least expensive where it's South Dakota, North

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Speaker 5: Dakota and Utah. Finally, in a recent study ranks the

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Speaker 5: best cities for Tricker treaders to experience Halloween. The comparison

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Speaker 5: of cities that provide and exciting yet save Halloween are

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Speaker 5: found in a report from the website wallet hub the

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Speaker 5: top Halloween cities New York, Jersey City, Miami, and Las Vegas.

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Speaker 5: Global News twenty four hours a day and whenever you

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Speaker 5: want it with Bloomberg News Now Michael Barr, and this

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Speaker 5: is Bloomberg Care all.

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Speaker 6: Right, Michael Barr, thank you time now for the Bloomberg

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Speaker 6: Sports Update, brought to you by Tri State. Audie. Here's

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Speaker 6: John stash Hour. John, good morning.

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Speaker 4: You want to carry a World Series in the Bronx

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Speaker 4: first time in fifteen years. One question going into tonight's

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Speaker 4: Game three was answered yesterday. The Dodgers say showy Otani

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Speaker 4: good to go despite the shoulder injury suffered late in

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Speaker 4: Game two, and now we'll see about possible changes in

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Speaker 4: the Yankee lineup. Austin Wells four for forty one in

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Speaker 4: the postseason with eighteen strikeouts. Alex Erdugo won for his

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Speaker 4: last seventeen. Ten teams have come back from being down

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Speaker 4: to nothing in the World Series. In fact, tapping the

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Speaker 4: last two times these teams have met, Anthony Rizzo knows

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Speaker 4: only once as a team come back from three nothing down.

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Speaker 3: This team has no quit.

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Speaker 10: So the biggest thing is we win.

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Speaker 4: If we win that game Monday, you know, a pressure

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Speaker 4: goes to the other side and to make this a series.

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Speaker 4: Yanks will start Clark Schmidt. Dodgers go with Walker Bueller.

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Speaker 4: Giants will be playing at the same time in Pittsburgh

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Speaker 4: and you can hear the game on Bloomberg Radio in

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Speaker 4: New York. Bloomberg eleven three to zero has Giants Steelers tonight,

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Speaker 4: starting with the pregame at six thirty. The Jets fifth

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Speaker 4: straight loss twenty five twenty two at New On The

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Speaker 4: Patriots score the when he touched on on a fourth

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Speaker 4: down run with twenty two seconds left. It's the pats

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Speaker 4: first win since Week one. Upset of the day was

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Speaker 4: in Cleveland, Browns beat the Ravens twenty nine twenty four

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Speaker 4: to end a five game losing streak. It was ending

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Speaker 4: Baltimore's five game win streak. No question about the best

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Speaker 4: finish of the day. That was in Washington. The Bears

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Speaker 4: had taken their first lead with twenty five seconds left.

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Speaker 4: One last chance for the Commanders. Here comes to Hail Mary,

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Speaker 4: but the game on the line and the bustle's stop Brown.

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Speaker 4: Oh my goodness, this Dallas time. Crazy call on CBS

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Speaker 4: Washington won eighteen fifteen last night. The forty nine ers

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Speaker 4: that scored the Cowboys twenty one ns in the third

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Speaker 4: quarter and beat Dallas thirty to twenty four. Then that's

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Speaker 4: home opener one fifteen one oh two win over Milwaukee.

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Speaker 4: John Stishwar Bloomberg Sports Karen Nathan.

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Speaker 3: Coast to Coast on Bloomberg Radio nationwide on Syrias XM,

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Speaker 3: and around the world on Bloomberg dot Com and the

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Speaker 3: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 3: Nathan Hager.

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Speaker 2: With eight days to go until election day, both Donald

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Speaker 2: Trump and Kamala Harris are honing their closing arguments in

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Speaker 2: the final stretch of an air tight presidential campaign.

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Speaker 3: We're going to defeat Kamala Harrison.

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Speaker 4: We're going to win back the beautiful White House.

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Speaker 7: Turn the page on that same old, tired playbook because

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Speaker 7: we are exhausted with it.

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Speaker 2: The Vice president rallied her supporters last night in Philadelphia,

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Speaker 2: while the former president held a marathon event in the

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Speaker 2: heart of his hometown at New York's Madison Square Garden.

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Speaker 2: For more, we are joined this morning by Bloomberg News

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Speaker 2: senior editor Bill Ferries. Bill, Good morning. The former president

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Speaker 2: promised a spectacle at the storied arena. What were some

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Speaker 2: of your takeaways.

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Speaker 15: Well, it definitely was a spectacle. I mean, it's starting

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Speaker 15: with a basically six hours in length there at Madison

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Speaker 15: Square Gardens, kind of an iconic venue for a political rally.

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Speaker 15: I don't think Donald Trump's remarks are probably what's going

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Speaker 15: to be remembered most from it. He gave what he

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Speaker 15: said a lot of the things that are common about

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Speaker 15: in his stump speeches. But I think what's really drawn

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Speaker 15: a lot of attention are some of the speakers who

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Speaker 15: came before him. There was quite a number of people

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Speaker 15: who are well known to Trump supporters and conservative audiences.

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Speaker 15: Tucker Carlson was there, Doctor Phil made an appearance supporting Trump.

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Speaker 15: But there were a lot of comments, including some by

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Speaker 15: a comedian who was there, that have been really taken

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Speaker 15: to task overnight. A lot of talking insulting Puerto Rico,

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Speaker 15: saying it's a floating island of garbage that has been

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Speaker 15: latched upon by a lot of Hair supporters, prominent Puerto

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Speaker 15: Ricans in the United States, saying that that reflects how

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Speaker 15: the Trump campaign views the island and views Puerto Ricans.

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Speaker 15: Interestingly enough, outside of Florida, which has the largest population

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Speaker 15: of Puerto Ricans in the continental US, the second largest

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Speaker 15: group is in Pennsylvania, so one of the key battleground states.

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Speaker 15: So nobody knows at this point if that will make

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Speaker 15: much of a difference in the election or not. But

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Speaker 15: it's something that Harris supporters are talking a lot about overnight.

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Speaker 2: Yeah, I guess Harris was talking about it herself with

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Speaker 2: a post on x talking about a plan to boost

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Speaker 2: the Puerto Rican economy and power grid. I mean, how

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Speaker 2: could she potentially seize on this at a time when

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Speaker 2: just a few days ago, former President Trump was in

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Speaker 2: the sun Belt trying to court Latino voters.

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Speaker 15: Yeah, you know, it's hard this election. The results will

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Speaker 15: get sliced and diced a thousand ways, and it's hard

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Speaker 15: to know what moves the needle at this point. But

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Speaker 15: it is kind of interesting that Trump's event was marred

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Speaker 15: or marked by these comments at the same time that

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Speaker 15: Kamala Harris was out talking to Latino business owners and

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Speaker 15: and voters in Philadelphia. So, whether you know, everyone is

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Speaker 15: trying to get any type of little extra edge they

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Speaker 15: can in these final days. They obviously need to turn

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Speaker 15: out their core supporters, but they're trying to build on

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Speaker 15: that and trying to lure some of those relatively few

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Speaker 15: undecided voters at this point. And these are the kind

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Speaker 15: of things that, you know, if Harris ends up winning,

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Speaker 15: people will be looking at the Pennsylvania results to see

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Speaker 15: if that mattered, and if Trump wins, they'll be looking

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Speaker 15: at some of these other things that have happened in

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Speaker 15: at the end stages of the campaign to see if

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Speaker 15: that made the difference.

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Speaker 2: In our last minute bill, we also heard from Elon

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Speaker 2: Musk on the stage, one of former President Trump's biggest

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Speaker 2: supporters financially certainly promising to cut two trillion dollars from

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Speaker 2: the federal budget if he joins a Trump administration. Is

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Speaker 2: that realistic?

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Speaker 15: It's hard to see where where, you know, how that

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Speaker 15: gets through. He was responding to a question by from

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Speaker 15: Canter Fitzgerald's CEO, Howard Lutnick, who said, how much could

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Speaker 15: he rip out of the budget that Harris, that Biden

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Speaker 15: and Harris last proposed, And he said, yeah, as you mentioned,

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Speaker 15: two trillion dollars, I mean right now. Trump's economic pitch

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Speaker 15: to voters has largely been on tax cuts, whether it's

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Speaker 15: tax cuts for tips, tax cuts for home caregivers, things

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Speaker 15: like that. There hasn't been a lot of talk about

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Speaker 15: new revenue, and so the cost of those tax cuts

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Speaker 15: over the coming decade estimated in the trillions. To add

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Speaker 15: two trillion to that, it's hard to imagine where that

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Speaker 15: comes when half the budget is defense and you know

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Speaker 15: things like that, so gonna be tough to find it.

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