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, we began with the latest from the campaign trail
Speaker 2: for Donald Trump.
Speaker 3: Last night.
Speaker 2: It ran through the heart of Manhattan.
Speaker 4: An incredible arena, Madison Square Garden.
Speaker 3: Incredible.
Speaker 2: The former president capped off a nearly six hour rally
Speaker 2: inside the fabled arena and called on his supporters to
Speaker 2: defeat Kamala Harris.
Speaker 5: With you a.
Speaker 2: Vote in this election, I will end inflation.
Speaker 6: I will stop the invasion of criminals coming into our country.
Speaker 2: Donald Trump was joined by about two dozen speakers, including
Speaker 2: Elon Musk, who made a promise of his own to
Speaker 2: Trump transition co chair Howard Ludnik, how.
Speaker 4: Much do you think we can rip out of this.
Speaker 2: Wasted six point five trillion Harris Biden budget?
Speaker 7: Well, I think we can do at least two trillion.
Speaker 3: Yeah.
Speaker 2: And the rally included some controversial comments as well, like
Speaker 2: this from comedian Tony Hinchcliff.
Speaker 8: Like, I don't know if you guys know this, but
Speaker 8: there's literally a floating island of garbage in the middle
Speaker 8: of the ocean, right now, yeah, I think it's called
Speaker 8: Puerto Rico.
Speaker 9: Okay, all right now.
Speaker 2: That drew a backlash from Republican lawmakers in Florida and
Speaker 2: Puerto Rican celebrities, including rapper Bad Bunny and Jennifer Lopez,
Speaker 2: who is of Puerto Rican descent. They showed support for
Speaker 2: Kamala Harris following that comment.
Speaker 6: Well, Nathan, Vice President Harris is seizing on the anti
Speaker 6: Puerto Rico rhetoric from the Trump rally.
Speaker 7: He abandoned the island, tried to block aid after back
Speaker 7: to back devastating hurricanes, and offered nothing more than paper
Speaker 7: towels and insults.
Speaker 6: Kamala Harris announced a plan to boosh the island territory's
Speaker 6: economy and power grid in a post on X Earlier,
Speaker 6: Vice President hel to rally ever own in Philadelphia.
Speaker 7: We have an opportunity before us to turn the page
Speaker 7: on the fear and the divisiveness that have characterized our
Speaker 7: politics for a decade because of Donald Trump.
Speaker 6: Vice President Harris plans to deliver what her campaign is
Speaker 6: calling her closing argument speech tomorrow. She'll appear at the
Speaker 6: Ellipse outside the White House, the same spot where Donald
Speaker 6: Trump rally supporters before the attack on the US Capitol
Speaker 6: on January sixth, twenty twenty one.
Speaker 2: Well Karen oil is tumbling this morning. It is down
Speaker 2: nearly five percent in the international market. The drop comes
Speaker 2: after Israeli strikes against targets in Iran avoided the OPEC
Speaker 2: members crewed facilities. Bloomberg's Paul Wallace reports that is fueling
Speaker 2: optimism hostilities in the Middle East, maybe easing.
Speaker 10: A lot of regional officials in the Middle East and
Speaker 10: probably beyond in the West as well, are thinking that
Speaker 10: this seems to be the end of it for now,
Speaker 10: at least based on Iran's reactions so far, it's been
Speaker 10: a pretty muted reaction. The country is not vowing to
Speaker 10: respond to Israel's strikes. Yes, four of its soldiers were killed,
Speaker 10: but the damage didn't seem to be massive, and of
Speaker 10: course Israel seemed to have left Iran's oil and nuclear
Speaker 10: sites untouched. So I think a lot of people looking
Speaker 10: this and saying okay, Iran seems happy to draw a
Speaker 10: line under this and move on.
Speaker 2: Bloomberg's Paul Walla says the Israeli strike avoided oil, nuclear
Speaker 2: and civilian infrastructure in Iran, and that was in line
Speaker 2: with a request from the Biden administration.
Speaker 6: Well, turning to the markets now, Nathan, earnings will be
Speaker 6: front and center, and this week's focus will shift to
Speaker 6: big tech. We get a preview from Bloomberg's Charlie Pillar.
Speaker 9: Tuesday, it's Google Parent Alphabet. Wednesday, it's Metal Platforms and Microsoft,
Speaker 9: and then Apple and Amazon after the bell on Thursday.
Speaker 9: Kate Moore is head of thematic strategy at black Rock.
Speaker 9: She says, it's all about the outlook.
Speaker 11: The big thing I'm watching though, is not the results
Speaker 11: from the Third War, but I'm moniagcally focused on the
Speaker 11: guidance companies are giving for the fourth quarter and for
Speaker 11: twenty twenty five.
Speaker 9: Also this week, Advanced micro Devices, Caterpillar, x on Mobile, Ford, McDonald's,
Speaker 9: and Ubs in New York. Charlie Pellet Bloomberg Radio.
Speaker 2: Charlie thanks. Another company we're watching, of course, is Boeing.
Speaker 2: The planemaker plans to launch a capital raise as early
Speaker 2: as today. Let's get the latest from Bloomberg's John Tucker. So, John,
Speaker 2: how much are we talking here?
Speaker 12: The company sent to raise more than fifteen billion dollars.
Speaker 12: Nathan Boeing's advisors have been lining up the potential investors.
Speaker 12: The transaction likely to include shares as well as debt
Speaker 12: that can be converted into equity. Now, to put this
Speaker 12: in perspective, a fifteen billion dollars share sale would be
Speaker 12: the largest equity offering since twenty twenty. Boeing needs money
Speaker 12: to keep its investment great credit rating and to fund
Speaker 12: any eventual turnaround from the crippling strike. The company's on
Speaker 12: pace to use around four billion dollars in cash during
Speaker 12: the fourth quarter well. The planemaker expects to continue burning
Speaker 12: cash through the first half of next year as well.
Speaker 12: The Bowing factory workers voted last week to reject the
Speaker 12: company's latest contract offer, which included a wage increase of
Speaker 12: thirty five percent spread over four years. In New York,
Speaker 12: I'm John Tucker, Bloomberg Radio.
Speaker 6: All right, John, thank you now to the latest on
Speaker 6: the health scare at McDonald's. The fast food giant says
Speaker 6: quarter pounders will return to menus at all restaurants this
Speaker 6: week after ruling out beef patties as a source of
Speaker 6: a multi state ecali outbreak that has sickened to dozens
Speaker 6: and left one person dead.
Speaker 8: The E.
Speaker 6: Coli infections appear to stem from these slivered onions served
Speaker 6: on top of the hamburger. The company had stopped selling
Speaker 6: the burgers in about twenty percent of its more than
Speaker 6: thirteen thousand US restaurants. They will return without onions.
Speaker 2: Eli Lelly expects to start selling its highly popular weight
Speaker 2: loss drug in Hong Kong as early as the end
Speaker 2: of this year. Lilly's SHOT's already been approved in mainland
Speaker 2: China for weight loss and diabetes, but it remains unclear
Speaker 2: when it plans to launch the product in the country.
Speaker 2: His rival Nova Nordisk is already selling its diabetes drug
Speaker 2: in honk in mainland China, but its weight loss version
Speaker 2: has not been made available yet.
Speaker 6: And Nathan the Yen has we can do a three
Speaker 6: month low. After Japan's ruling coalition failed to win a
Speaker 6: majority in parliament, the country now faces a period of
Speaker 6: political instability as its two main blocks race to form
Speaker 6: a government. Bloomberg's Paul Jackson in Tokyo says this outcome
Speaker 6: was a risk the Prime Minister took in calling this election.
Speaker 13: This was a big gamble to call an early election,
Speaker 13: hoping that a kind of new leader popularity bump might
Speaker 13: give him a mandate to lead the party over the
Speaker 13: coming years. Instead, what he's ended up with is the
Speaker 13: worst result for the ruling coalition since two thousand and nine.
Speaker 13: So now he's going to pick up the pieces.
Speaker 6: And Bloomberg's Paul Jackson says Prime Minister is Shiba promised
Speaker 6: to take responsibility for restoring political stability following the loss.
Speaker 6: According to Japan's constitution, a special session of Parliament must
Speaker 6: be held within thirty days of a general election to
Speaker 6: choose a prime minute. Honest time now for a look
Speaker 6: at some of the other stories making news in New
Speaker 6: York and around the world. For that, we're joined by
Speaker 6: Bloomberg's Michael Barr Michael, Good Morning, Good Morning Karen.
Speaker 5: Sentencing in Washington, d C. Today for a Hollywood actor
Speaker 5: who pleaded guilty to being part of the January sixth
Speaker 5: breach of the US Capitol. Jay Johnston, pleaded guilty to
Speaker 5: a felony account of civil disorder back in January. Johnston
Speaker 5: is arguably the most famous, having appeared in Bob's Burger's
Speaker 5: and arrested development Prosecutors will ask for eighteen months in
Speaker 5: prison for Johnston, saying he was part of that mob
Speaker 5: that day. Johnston will seek leniency. His defense lawyer says
Speaker 5: he has lost work over this. Pro Western opposition parties
Speaker 5: in Georgia are crying foul at Saturday's parliamentary elections that
Speaker 5: leave pro Moscow parties with a majority, with surveys showing
Speaker 5: a vast majority of Georgian's wanting to join the European
Speaker 5: Union observers fan across Georgia. The head of the European delegation,
Speaker 5: Antonio Lopez Tourist White says irregularities were detected by observers.
Speaker 14: We expressed did concern about the democratic backsliding in Georgia.
Speaker 14: We fear that the climate of hatred and intimidation that
Speaker 14: was also mentioned before we witness on the election, they
Speaker 14: could seriously undermine the political process in Georgia.
Speaker 5: Georgia's president, who wants to join the EUS, says their
Speaker 5: country was a victim of a Russian special operation trying
Speaker 5: to alter the outcome. A new bank rate study confirms
Speaker 5: what many families already know. Childcare is expensive. Analyst Alex
Speaker 5: Gaily says there are important websites parents can use to
Speaker 5: find financial assistance for childcare and local providers.
Speaker 8: Childcare dot goub can take you to your state's website.
Speaker 8: And that is a great resource to go to to
Speaker 8: find out more about where you get financial systems and
Speaker 8: fine childcare in your state.
Speaker 5: Gaily also recommends checking with local county and state offices
Speaker 5: to see what services, tax breaks, or financial opportunities are
Speaker 5: available in their area for childcare. The survey found the
Speaker 5: most expensive states for childcare or New York, New Mexico,
Speaker 5: and Hawaii, the least expensive where it's South Dakota, North
Speaker 5: Dakota and Utah. Finally, in a recent study ranks the
Speaker 5: best cities for Tricker treaders to experience Halloween. The comparison
Speaker 5: of cities that provide and exciting yet save Halloween are
Speaker 5: found in a report from the website wallet hub the
Speaker 5: top Halloween cities New York, Jersey City, Miami, and Las Vegas.
Speaker 5: Global News twenty four hours a day and whenever you
Speaker 5: want it with Bloomberg News Now Michael Barr, and this
Speaker 5: is Bloomberg Care all.
Speaker 6: Right, Michael Barr, thank you time now for the Bloomberg
Speaker 6: Sports Update, brought to you by Tri State. Audie. Here's
Speaker 6: John stash Hour. John, good morning.
Speaker 4: You want to carry a World Series in the Bronx
Speaker 4: first time in fifteen years. One question going into tonight's
Speaker 4: Game three was answered yesterday. The Dodgers say showy Otani
Speaker 4: good to go despite the shoulder injury suffered late in
Speaker 4: Game two, and now we'll see about possible changes in
Speaker 4: the Yankee lineup. Austin Wells four for forty one in
Speaker 4: the postseason with eighteen strikeouts. Alex Erdugo won for his
Speaker 4: last seventeen. Ten teams have come back from being down
Speaker 4: to nothing in the World Series. In fact, tapping the
Speaker 4: last two times these teams have met, Anthony Rizzo knows
Speaker 4: only once as a team come back from three nothing down.
Speaker 3: This team has no quit.
Speaker 10: So the biggest thing is we win.
Speaker 4: If we win that game Monday, you know, a pressure
Speaker 4: goes to the other side and to make this a series.
Speaker 4: Yanks will start Clark Schmidt. Dodgers go with Walker Bueller.
Speaker 4: Giants will be playing at the same time in Pittsburgh
Speaker 4: and you can hear the game on Bloomberg Radio in
Speaker 4: New York. Bloomberg eleven three to zero has Giants Steelers tonight,
Speaker 4: starting with the pregame at six thirty. The Jets fifth
Speaker 4: straight loss twenty five twenty two at New On The
Speaker 4: Patriots score the when he touched on on a fourth
Speaker 4: down run with twenty two seconds left. It's the pats
Speaker 4: first win since Week one. Upset of the day was
Speaker 4: in Cleveland, Browns beat the Ravens twenty nine twenty four
Speaker 4: to end a five game losing streak. It was ending
Speaker 4: Baltimore's five game win streak. No question about the best
Speaker 4: finish of the day. That was in Washington. The Bears
Speaker 4: had taken their first lead with twenty five seconds left.
Speaker 4: One last chance for the Commanders. Here comes to Hail Mary,
Speaker 4: but the game on the line and the bustle's stop Brown.
Speaker 4: Oh my goodness, this Dallas time. Crazy call on CBS
Speaker 4: Washington won eighteen fifteen last night. The forty nine ers
Speaker 4: that scored the Cowboys twenty one ns in the third
Speaker 4: quarter and beat Dallas thirty to twenty four. Then that's
Speaker 4: home opener one fifteen one oh two win over Milwaukee.
Speaker 4: John Stishwar Bloomberg Sports Karen Nathan.
Speaker 3: Coast to Coast on Bloomberg Radio nationwide on Syrias XM,
Speaker 3: and around the world on Bloomberg dot Com and the
Speaker 3: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm
Speaker 3: Nathan Hager.
Speaker 2: With eight days to go until election day, both Donald
Speaker 2: Trump and Kamala Harris are honing their closing arguments in
Speaker 2: the final stretch of an air tight presidential campaign.
Speaker 3: We're going to defeat Kamala Harrison.
Speaker 4: We're going to win back the beautiful White House.
Speaker 7: Turn the page on that same old, tired playbook because
Speaker 7: we are exhausted with it.
Speaker 2: The Vice president rallied her supporters last night in Philadelphia,
Speaker 2: while the former president held a marathon event in the
Speaker 2: heart of his hometown at New York's Madison Square Garden.
Speaker 2: For more, we are joined this morning by Bloomberg News
Speaker 2: senior editor Bill Ferries. Bill, Good morning. The former president
Speaker 2: promised a spectacle at the storied arena. What were some
Speaker 2: of your takeaways.
Speaker 15: Well, it definitely was a spectacle. I mean, it's starting
Speaker 15: with a basically six hours in length there at Madison
Speaker 15: Square Gardens, kind of an iconic venue for a political rally.
Speaker 15: I don't think Donald Trump's remarks are probably what's going
Speaker 15: to be remembered most from it. He gave what he
Speaker 15: said a lot of the things that are common about
Speaker 15: in his stump speeches. But I think what's really drawn
Speaker 15: a lot of attention are some of the speakers who
Speaker 15: came before him. There was quite a number of people
Speaker 15: who are well known to Trump supporters and conservative audiences.
Speaker 15: Tucker Carlson was there, Doctor Phil made an appearance supporting Trump.
Speaker 15: But there were a lot of comments, including some by
Speaker 15: a comedian who was there, that have been really taken
Speaker 15: to task overnight. A lot of talking insulting Puerto Rico,
Speaker 15: saying it's a floating island of garbage that has been
Speaker 15: latched upon by a lot of Hair supporters, prominent Puerto
Speaker 15: Ricans in the United States, saying that that reflects how
Speaker 15: the Trump campaign views the island and views Puerto Ricans.
Speaker 15: Interestingly enough, outside of Florida, which has the largest population
Speaker 15: of Puerto Ricans in the continental US, the second largest
Speaker 15: group is in Pennsylvania, so one of the key battleground states.
Speaker 15: So nobody knows at this point if that will make
Speaker 15: much of a difference in the election or not. But
Speaker 15: it's something that Harris supporters are talking a lot about overnight.
Speaker 2: Yeah, I guess Harris was talking about it herself with
Speaker 2: a post on x talking about a plan to boost
Speaker 2: the Puerto Rican economy and power grid. I mean, how
Speaker 2: could she potentially seize on this at a time when
Speaker 2: just a few days ago, former President Trump was in
Speaker 2: the sun Belt trying to court Latino voters.
Speaker 15: Yeah, you know, it's hard this election. The results will
Speaker 15: get sliced and diced a thousand ways, and it's hard
Speaker 15: to know what moves the needle at this point. But
Speaker 15: it is kind of interesting that Trump's event was marred
Speaker 15: or marked by these comments at the same time that
Speaker 15: Kamala Harris was out talking to Latino business owners and
Speaker 15: and voters in Philadelphia. So, whether you know, everyone is
Speaker 15: trying to get any type of little extra edge they
Speaker 15: can in these final days. They obviously need to turn
Speaker 15: out their core supporters, but they're trying to build on
Speaker 15: that and trying to lure some of those relatively few
Speaker 15: undecided voters at this point. And these are the kind
Speaker 15: of things that, you know, if Harris ends up winning,
Speaker 15: people will be looking at the Pennsylvania results to see
Speaker 15: if that mattered, and if Trump wins, they'll be looking
Speaker 15: at some of these other things that have happened in
Speaker 15: at the end stages of the campaign to see if
Speaker 15: that made the difference.
Speaker 2: In our last minute bill, we also heard from Elon
Speaker 2: Musk on the stage, one of former President Trump's biggest
Speaker 2: supporters financially certainly promising to cut two trillion dollars from
Speaker 2: the federal budget if he joins a Trump administration. Is
Speaker 2: that realistic?
Speaker 15: It's hard to see where where, you know, how that
Speaker 15: gets through. He was responding to a question by from
Speaker 15: Canter Fitzgerald's CEO, Howard Lutnick, who said, how much could
Speaker 15: he rip out of the budget that Harris, that Biden
Speaker 15: and Harris last proposed, And he said, yeah, as you mentioned,
Speaker 15: two trillion dollars, I mean right now. Trump's economic pitch
Speaker 15: to voters has largely been on tax cuts, whether it's
Speaker 15: tax cuts for tips, tax cuts for home caregivers, things
Speaker 15: like that. There hasn't been a lot of talk about
Speaker 15: new revenue, and so the cost of those tax cuts
Speaker 15: over the coming decade estimated in the trillions. To add
Speaker 15: two trillion to that, it's hard to imagine where that
Speaker 15: comes when half the budget is defense and you know
Speaker 15: things like that, so gonna be tough to find it.
Speaker 6: This is Bloomberg Daybreak, your morning podcast on the stories
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Speaker 2: And I'm Nathan Hager. Join us again tomorrow morning for
Speaker 2: all the news you need to start your day right
Speaker 2: here on Bloomberg dab ray