1 00:00:01,960 --> 00:00:04,440 Speaker 1: News when you want it With Bloomberg News Now, I'm 2 00:00:04,440 --> 00:00:08,200 Speaker 1: Doug Prisner. Vice President Kamala Harris is now in a 3 00:00:08,240 --> 00:00:12,479 Speaker 1: statistical tie with Donald Trump among swing state voters. Those 4 00:00:12,520 --> 00:00:15,440 Speaker 1: are the findings from a new Bloomberg Morning Console poll, 5 00:00:15,560 --> 00:00:18,440 Speaker 1: and given these results, the race for the White House 6 00:00:18,560 --> 00:00:21,520 Speaker 1: is now seen as a toss up. More from Bloomberg's 7 00:00:21,520 --> 00:00:22,160 Speaker 1: Amy Morris. 8 00:00:22,200 --> 00:00:24,919 Speaker 2: In Washington, Harris was backed by forty eight percent of 9 00:00:25,000 --> 00:00:27,880 Speaker 2: voters to forty seven percent for Trump, a statistical dead 10 00:00:27,920 --> 00:00:31,200 Speaker 2: heat in the swing states that will likely decide November's election. 11 00:00:31,560 --> 00:00:35,000 Speaker 2: Harris overtook Trump in Arizona and Nevada, and more than 12 00:00:35,080 --> 00:00:38,239 Speaker 2: doubled President Biden's lead over Trump and Michigan. But when 13 00:00:38,280 --> 00:00:41,360 Speaker 2: asked who they trusted more to handle the economy, Trump 14 00:00:41,360 --> 00:00:44,520 Speaker 2: has an eight percentage point edge over Harris. That's down 15 00:00:44,560 --> 00:00:47,720 Speaker 2: from the fourteen point advantage he held over President Biden. 16 00:00:48,120 --> 00:00:51,040 Speaker 2: As for who could handle inflation, Trump holds a five 17 00:00:51,080 --> 00:00:53,600 Speaker 2: point advantage over Harris, but that's a drop from his 18 00:00:53,720 --> 00:00:57,640 Speaker 2: thirteen point lead over Biden in Washington. Amy Morris Bloomberg Radio. 19 00:00:57,920 --> 00:01:00,880 Speaker 1: Speaking earlier today at a rally in a Atlanta, Georgia, 20 00:01:01,160 --> 00:01:04,160 Speaker 1: Harris issued a challenge to former President Trump. 21 00:01:04,440 --> 00:01:08,240 Speaker 3: The momentum in this race is shifting, and there are 22 00:01:08,360 --> 00:01:10,800 Speaker 3: signs that Donald Trump is feeling it well. 23 00:01:10,840 --> 00:01:17,120 Speaker 2: Donald, I do hope you'll. 24 00:01:16,880 --> 00:01:20,600 Speaker 4: Reconsider to meet me on the debate stage if you've 25 00:01:20,600 --> 00:01:25,720 Speaker 4: got something to say. 26 00:01:26,319 --> 00:01:30,800 Speaker 1: That's Kamala Harris addressing supporters in the battleground state of Georgia. Meantime, 27 00:01:30,840 --> 00:01:34,360 Speaker 1: she pledged to find bipartisan agreement on the US Mexico 28 00:01:34,440 --> 00:01:39,800 Speaker 1: border and pass federal protections for abortion. Samsung Electronics, the 29 00:01:39,800 --> 00:01:44,000 Speaker 1: company reported profit well above estimates at nine point six 30 00:01:44,080 --> 00:01:47,120 Speaker 1: y four trillion one in terms of a net profit. 31 00:01:47,560 --> 00:01:51,360 Speaker 1: Operating profit for the chip division was also ahead of forecast. 32 00:01:51,440 --> 00:01:54,880 Speaker 1: The company pointed out, though that PC demand was weak, 33 00:01:55,320 --> 00:01:59,200 Speaker 1: smartphone sales were solid. Here's Bloomberg's Vladsevov. 34 00:02:00,000 --> 00:02:02,559 Speaker 5: So twenty twenty four for Samsung has been a complete 35 00:02:02,640 --> 00:02:05,800 Speaker 5: rebranding effort, and it's worth saying their flagship series has 36 00:02:05,800 --> 00:02:08,960 Speaker 5: done really well. They had double digit growth both in 37 00:02:09,040 --> 00:02:13,600 Speaker 5: sales and shipments for the new Galaxy S twenty four series. 38 00:02:13,800 --> 00:02:17,639 Speaker 5: So as far as the market that's really plateaued is 39 00:02:18,040 --> 00:02:21,160 Speaker 5: really mature market, something has done really well with especially 40 00:02:21,160 --> 00:02:24,239 Speaker 5: it's flagship series and it says that it's seeing premium 41 00:02:24,280 --> 00:02:26,560 Speaker 5: demands rising in the last half of the year. 42 00:02:26,600 --> 00:02:31,839 Speaker 1: Bloomberg's Flatsavov there talking about Samsung's smartphone sales overall, though 43 00:02:31,880 --> 00:02:36,520 Speaker 1: the company did attribute the profit strength to artificial intelligence 44 00:02:36,600 --> 00:02:40,880 Speaker 1: and those high bandwidth memory chips as key driving factors 45 00:02:41,320 --> 00:02:43,840 Speaker 1: in the US. After the bell, we heard from Microsoft. 46 00:02:43,880 --> 00:02:48,280 Speaker 1: The company reported that fourth quarter cloud revenue fell slightly 47 00:02:48,360 --> 00:02:51,760 Speaker 1: below last quarter. Slower growth of the Azure Cloud service 48 00:02:52,040 --> 00:02:55,639 Speaker 1: seemed to disappoint investors they were looking for a payoff 49 00:02:55,680 --> 00:02:59,560 Speaker 1: from those huge investments in AI. We got reaction from 50 00:02:59,639 --> 00:03:01,720 Speaker 1: Dan at Sonova's Trust. 51 00:03:02,200 --> 00:03:05,359 Speaker 4: There are some rollover going on right now from the 52 00:03:05,560 --> 00:03:09,400 Speaker 4: Alphabet report when it really raised concerns about, you know, 53 00:03:09,560 --> 00:03:12,720 Speaker 4: how much gain are you getting in regards to your 54 00:03:12,960 --> 00:03:16,200 Speaker 4: AI initiatives versus the amount of CAPEX that you're spending. 55 00:03:16,240 --> 00:03:19,160 Speaker 4: And I was kind of hoping that this Microsoft report 56 00:03:19,280 --> 00:03:21,840 Speaker 4: might kind of dampen those worries and just kind of 57 00:03:21,840 --> 00:03:25,040 Speaker 4: blow numbers out, but unfortunately it was a little bit shot. 58 00:03:25,440 --> 00:03:29,600 Speaker 1: That is, Dan Morgan of Sonova's Trust shares in microsoftware 59 00:03:29,639 --> 00:03:32,200 Speaker 1: down about three percent at the end of the late session. 60 00:03:32,280 --> 00:03:35,240 Speaker 1: We also heard from Advanced to Micro devices. Those shares 61 00:03:35,360 --> 00:03:37,920 Speaker 1: rallied by as much as six percent in late trading. 62 00:03:38,200 --> 00:03:40,680 Speaker 1: This is after the chip maker gave an upbeat revenue 63 00:03:40,720 --> 00:03:43,880 Speaker 1: forecast for the current quarter. We have more from Bloomberg's 64 00:03:43,920 --> 00:03:44,760 Speaker 1: Charlie Pellett. 65 00:03:44,960 --> 00:03:48,800 Speaker 6: It signals that its new artificial intelligence processors are helping 66 00:03:48,920 --> 00:03:52,480 Speaker 6: bolster growth. AMD said revenue will be roughly six point 67 00:03:52,480 --> 00:03:56,200 Speaker 6: seven billion dollars in the third quarter. Analys estimated six 68 00:03:56,240 --> 00:03:59,320 Speaker 6: point six two billion on average. According to data compiled 69 00:03:59,320 --> 00:04:03,640 Speaker 6: by Bloomberg. Second quarter results also top projections. The outlook 70 00:04:03,680 --> 00:04:07,240 Speaker 6: suggests that AMD is making headway in its pursuit of Nvidia, 71 00:04:07,480 --> 00:04:11,600 Speaker 6: which dominates the market for so called AI accelerators. Those 72 00:04:11,640 --> 00:04:15,880 Speaker 6: are chips used to develop artificial intelligence models. In New York. 73 00:04:16,120 --> 00:04:17,840 Speaker 6: Charlie Pellett Bloomberg. 74 00:04:17,440 --> 00:04:21,159 Speaker 1: Radio, Intel is planning to eliminate thousands of jobs. These 75 00:04:21,200 --> 00:04:25,040 Speaker 1: cuts are aimed at reducing cost and funding an ambitious 76 00:04:25,080 --> 00:04:27,960 Speaker 1: effort to recover from a slump in earnings and a 77 00:04:27,960 --> 00:04:30,320 Speaker 1: loss of market share. We are told the cuts may 78 00:04:30,360 --> 00:04:34,119 Speaker 1: be announced as soon as this week. Intel has about 79 00:04:34,160 --> 00:04:38,239 Speaker 1: one hundred and ten thousand employees, excluding workers at units 80 00:04:38,560 --> 00:04:41,760 Speaker 1: that are in the process of being spun off. The 81 00:04:41,839 --> 00:04:45,640 Speaker 1: Israeli Defense Force struck Bay Route, aiming at a Hesbalah commander. 82 00:04:45,960 --> 00:04:48,240 Speaker 1: This was in response to a rocket attack over the 83 00:04:48,240 --> 00:04:52,080 Speaker 1: weekend in the Golan Heights. It killed twelve people. We 84 00:04:52,160 --> 00:04:55,960 Speaker 1: got reaction from Natasha Hall, senior fellow with the Middle 85 00:04:56,000 --> 00:04:59,720 Speaker 1: East Program at the Center for Strategic and International Studies. 86 00:05:00,120 --> 00:05:02,159 Speaker 1: She told us this was expected. 87 00:05:02,279 --> 00:05:05,120 Speaker 3: I was speaking to diplomats just a bit earlier than this, 88 00:05:05,279 --> 00:05:08,039 Speaker 3: and there had been some evacuation of the Dahia, or 89 00:05:08,080 --> 00:05:12,680 Speaker 3: this suburban area of Beirut that is also Hesibalalah stronghold. 90 00:05:13,279 --> 00:05:15,560 Speaker 3: So many people in the area knew that this might 91 00:05:15,640 --> 00:05:19,520 Speaker 3: be the targeted area and had been evacuating for some time. 92 00:05:19,600 --> 00:05:23,880 Speaker 3: That said, we should still be aware of the civilian 93 00:05:23,920 --> 00:05:26,160 Speaker 3: casualties that might be at play, because this is a 94 00:05:26,200 --> 00:05:27,320 Speaker 3: neighborhood after all. 95 00:05:27,440 --> 00:05:31,960 Speaker 1: That's Natasha Hall from the CSIS. Now, the Israeli Defense 96 00:05:32,000 --> 00:05:35,560 Speaker 1: Force said it targeted the commander responsible for the murder 97 00:05:35,600 --> 00:05:38,839 Speaker 1: of the children in that weekend attack, and the Israeli 98 00:05:38,880 --> 00:05:43,960 Speaker 1: government is blaming the Lebanon based militant group Hesblah. The 99 00:05:44,040 --> 00:05:46,599 Speaker 1: acting head of the Secret Service, was on Capitol Hill 100 00:05:46,640 --> 00:05:51,279 Speaker 1: today answering questions about the assassination attempt of former President Trump. 101 00:05:51,760 --> 00:05:55,520 Speaker 1: Ronald Rowe said he visited the rally site in Butler, Pennsylvania, 102 00:05:55,839 --> 00:05:57,800 Speaker 1: and he was left ashamed. 103 00:05:58,200 --> 00:06:00,680 Speaker 3: As a career law enforcement officer in a twenty five 104 00:06:00,720 --> 00:06:05,000 Speaker 3: year veteran with his Secret Service, I cannot defend why 105 00:06:05,080 --> 00:06:06,560 Speaker 3: that roof was not better secured. 106 00:06:06,920 --> 00:06:10,359 Speaker 1: That is Ronald Rowe, acting head of the Secret Service. Earlier, 107 00:06:10,400 --> 00:06:13,719 Speaker 1: the Washington Post reported the would be assassin Thomas Crooks 108 00:06:13,760 --> 00:06:17,839 Speaker 1: stopped shooting after a local SWAT officer returned fire and 109 00:06:17,960 --> 00:06:21,599 Speaker 1: didn't shoot again before a Secret Service sniper killed him. 110 00:06:21,920 --> 00:06:24,880 Speaker 1: And we're watching the medal count in Paris. The women's 111 00:06:24,960 --> 00:06:28,520 Speaker 1: gymnastics team with Simone Biles won the gold. The US 112 00:06:28,560 --> 00:06:32,560 Speaker 1: now has a total of twenty six medals, France has eighteen, 113 00:06:32,960 --> 00:06:36,359 Speaker 1: China has fourteen, and the most gold medals at this 114 00:06:36,520 --> 00:06:40,120 Speaker 1: point goes to Japan with seven. And that is news 115 00:06:40,120 --> 00:06:42,400 Speaker 1: when you want it with Bloomberg News. Now, I'm Doug 116 00:06:42,440 --> 00:06:43,640 Speaker 1: Prisoner and this is pos