WEBVTT - Baier: third-party candidate would help Clinton

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<v Speaker 1>Global business news twenty four hours a day at Bloomberg

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<v Speaker 1>This is a Bloomberg Business Flash and I'm Karen moscown Is.

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<v Speaker 1>Starward Hotels are saying and bank groups bid for seventy

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<v Speaker 1>eight dollars a share is superior to that of Marriott International,

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<v Speaker 1>and Starwood is notifying Marriott that is going to end

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<v Speaker 1>their merger pack again. It says that a bank group

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<v Speaker 1>spid was superior to Marriott's USACK index. Futurist rising equities

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<v Speaker 1>are poised to advance for a third day to extend

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<v Speaker 1>their longest streak of weekly games since November. SNP e

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<v Speaker 1>Mani futures have six and a half points, DOWI Mini

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<v Speaker 1>futures of fifty two nas, Documny futures up twelve, DAX

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<v Speaker 1>in Germany up three tenths per cent. Tend your treasury

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<v Speaker 1>of three thirty seconds, the yield one pot eight eight percent.

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<v Speaker 1>Nim X screwed oil up two point one per cent

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<v Speaker 1>or eighties three cents to forty one oh three of

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<v Speaker 1>Barrel Comax School down one per cent or twelve dollars

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<v Speaker 1>twenty cents to twelve fifty to seventy announced the euro

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<v Speaker 1>another twelve eighty eight and the EN one eleven point

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<v Speaker 1>five zero, and Tiffany gave a forecast for earnings this

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<v Speaker 1>year that trailed analysts estimates as a sluggish global economy

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<v Speaker 1>damp sales. It shares down two tents per cent this morning.

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<v Speaker 1>That's a Bloomberg business flash. Tom and Mike Karon Moscow,

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<v Speaker 1>thank you very much. Well, Tom, if you take a

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<v Speaker 1>right out of DePaul University onto noh, well, hold on

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<v Speaker 1>to that thought. Your just dazzled because you're so far

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<v Speaker 1>ahead of me with your bracket. You don't know how

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<v Speaker 1>to speak. We'll talk brackets. Have you ever been this

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<v Speaker 1>much in last place like me with my bracket? I

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<v Speaker 1>think we're we're both in competition for that. Yeah, well,

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<v Speaker 1>let's get to that in a minute right now. Though,

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<v Speaker 1>that's something important. It is on Wall Street. The following

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<v Speaker 1>is from Bloomberg View Opinions. In comment, Arry from Bloomberg lists,

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<v Speaker 1>I'm justin Fox, a columnist for Bloomberg View. After years

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<v Speaker 1>of downsizing and reorganizing, the US manufacturing sector has become

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<v Speaker 1>the world's most competitive. Output per worker is higher in

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<v Speaker 1>the US than anywhere else. Unit labor costs are lower

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<v Speaker 1>here than in Brazil, Canada, and Germany, and they're about

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<v Speaker 1>the same as in China. That's all from a new

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<v Speaker 1>report by Oxford Economics, and it's great news. Right time

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<v Speaker 1>for a manufacturing renaissance. Well maybe eventually, but there are

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<v Speaker 1>few signs that it's actually happening yet. The trade deficit

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<v Speaker 1>and manufactured goods, for example, has been growing instead of shrinking.

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<v Speaker 1>That's partly because the US economy and dollar are relatively

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<v Speaker 1>strong right now, which depresses exports and encourages imports. It's

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<v Speaker 1>also because manufacturers don't redo their supply chains overnight. They

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<v Speaker 1>may still bring production back eventually, but it's also possible

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<v Speaker 1>they won't. For labor intensive products like clothes and furniture,

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<v Speaker 1>there's still a lot some countries where they can be

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<v Speaker 1>made much more cheaply than in the US. And for

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<v Speaker 1>some high end products such as electronics, it may be

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<v Speaker 1>that in their rush to outsource and offshore, US companies

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<v Speaker 1>destroyed the knowledge needed to make them here. I'm Justin Fox,

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<v Speaker 1>a columnist for Bloomberg View. For more Bloomberg opinion commentary,

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<v Speaker 1>please go to Bloomberg View dot com or view go

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<v Speaker 1>on the Bloomberg terminal. This has been Bloomberg View. Bloomberg

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<v Speaker 1>commentaries can be heard hourly weekdays on Bloomberg Radio. What

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<v Speaker 1>we were starting to talk about our brackets before I

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<v Speaker 1>messed up there. What really messes you up in the

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<v Speaker 1>brackets is when a team loses that you have going

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<v Speaker 1>on into further rounds. What really messed me up is

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<v Speaker 1>MS Rachel's team from West Lafayette, Indiana, the boiler Makers

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<v Speaker 1>executive producer down flames. Um. But the good news is

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<v Speaker 1>if you go south from West Lafayette on route to

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<v Speaker 1>thirty one UH eventually turns into North Jackson Street runs

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<v Speaker 1>into DePaul University UH in Greencastle, Indiana, which it turns

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<v Speaker 1>out is a basketball power right in the n C

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<v Speaker 1>Double A Division three, which is what brought Brett Bear

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<v Speaker 1>there no doubt, Um, he wanted to be part of

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<v Speaker 1>a winning tradition, the DePauw University Tigers. Um, you know,

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<v Speaker 1>not only a basketball power, but Brad Stevens, who coaches

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<v Speaker 1>the Boston Celtics. It was a star for DePaul University,

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<v Speaker 1>and Brett Beer went onto some indistinguished career where nobody's

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<v Speaker 1>ever heard of him. Again. He the most special report

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<v Speaker 1>on Fox and of course you could hear uh Fox

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<v Speaker 1>News Sunday here on Bloomberg Radio every weekend. Who obviously

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<v Speaker 1>Depat is not in the big dance. He goes to

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<v Speaker 1>the small dance regularly. But who's your team? Uh? This

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<v Speaker 1>year was a good preamble there. Um, my team. And

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<v Speaker 1>by the way, Brad Brown now also at the Paul

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<v Speaker 1>guy is the head coach at Clemson. Uh so there's

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<v Speaker 1>a basketball tradition. I played golf all four years at

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<v Speaker 1>the pause, so much different deal. My team is Virginia.

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<v Speaker 1>I think Virginia looks good number one seed. Um, but boys,

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<v Speaker 1>I love watching those early games. Okay, So the president

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<v Speaker 1>has Kansas Secretary Clinton has an IVY League seven Sisters brackets.

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<v Speaker 1>She's got Wellesley going all the way. Does Mr Trump

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<v Speaker 1>have a bracket runt? I don't think he does. I

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<v Speaker 1>don't think he does. But it's because he's speaking for himself.

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<v Speaker 1>He's number one. Because I have a very good brain

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<v Speaker 1>and I'm going to do this whole thing by myself.

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<v Speaker 1>Have you ever seen this, whether it's foreign policy or

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<v Speaker 1>Mr Trump's bracket. It's original, isn't it. It's really amazing. Uh,

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<v Speaker 1>it is unique. We have not seen anything like it

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<v Speaker 1>in politics. Uh ever, And you know, listen, I tried

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<v Speaker 1>to press him in last debate to lay out who

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<v Speaker 1>he's talking to on national security and it's not it's

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<v Speaker 1>it's not some something he's ready to talk about. And

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<v Speaker 1>then pressed about it the other day, as you mentioned,

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<v Speaker 1>he said he does he consults himself because he has

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<v Speaker 1>a good brain. I think that he is touching this

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<v Speaker 1>chord that is, you know, kick the table over, start

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<v Speaker 1>over in Washington, and he's the guy that can do

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<v Speaker 1>with from the outside, but with no experience, no advice,

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<v Speaker 1>no nothing. There are people who suggest this is a

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<v Speaker 1>rather dangerous course. It is a lot of people. You're

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<v Speaker 1>right say that. I will say this. There are Democrats

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<v Speaker 1>now that are increasingly worried about the prospects of this

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<v Speaker 1>populist message overtaking a general election. Is that because their

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<v Speaker 1>candidate is less than inspiring herself. Yeah. I think they've

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<v Speaker 1>acknowledged that Hillary Clinton is not the greatest campaigner. And

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<v Speaker 1>even though they have exponential leads IM polls on especially

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<v Speaker 1>in African American communities and Hispanic communities. Uh, there's something

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<v Speaker 1>that they're worried about in the internals. I'll go with that.

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<v Speaker 1>But let's you know, the president's rooting for Kansas. I

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<v Speaker 1>believe a guy named Dwight David Eisenhower, but a little

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<v Speaker 1>bit of managerial experience before he darkened the door Pennsylvania.

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<v Speaker 1>He came out of Kansas, and anybody across any flavor

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<v Speaker 1>of the GOP knows you've got to hire a team.

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<v Speaker 1>Do you have any confidence in your interviews and in

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<v Speaker 1>the good debates you've run that this guy, if he's nominated,

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<v Speaker 1>can move to the Reagan middle and bring with him

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<v Speaker 1>a team of people. Well, I do think that he's

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<v Speaker 1>going to lay out a team. Uh. The word is

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<v Speaker 1>that he'll before convention even talk about a team of

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<v Speaker 1>people who will sign on, and there'll be some names

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<v Speaker 1>that calm people down. Um, But I do I think

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<v Speaker 1>that that probably from a lot of people's perspective, needs

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<v Speaker 1>to happen sooner rather than later, because they're they're worried

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<v Speaker 1>about the prospect. I will say one more thing, there's

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<v Speaker 1>this still this thing inside Washington about getting a third party,

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<v Speaker 1>Republican Alternatives, independent run UM that almost certainly would give

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<v Speaker 1>Hillary Clinton UM the presidency, but it would also it's

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<v Speaker 1>still in the works and they're still trying to find

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<v Speaker 1>this team that potentially runs up against him. Well, the

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<v Speaker 1>interesting thing is that, um, you don't see any mainstream

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<v Speaker 1>Republicans signing on with Trump. The people who have endorsed

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<v Speaker 1>him so far essentially on the fringe of the party. Yeah.

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<v Speaker 1>Well you have Governor Rick Scott, he's kind of he's there,

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<v Speaker 1>he's in the party. Uh, you know, Chris Christie, he's

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<v Speaker 1>on board. Um, but I don't think that's there's a

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<v Speaker 1>wave of support. And uh, I think there is definitely

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<v Speaker 1>you know, fifty of the party that's that's looking for

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<v Speaker 1>something else right there. Thank you so much, greatly appreciative

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<v Speaker 1>part for the bracket knowledge. Which where were you two

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<v Speaker 1>days ago? Down? Yeah, special report with Brett Baron of

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<v Speaker 1>course Fox News Sunday. You could hear it along with

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<v Speaker 1>other smart dialogue and conversation and we do that through

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<v Speaker 1>Sunday afternoon here on Bloomberg Radio. I you know what

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<v Speaker 1>I did, I have two brackets. I have a CBS

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<v Speaker 1>News bracket which I got correct because it was auto save.

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<v Speaker 1>I switched to Yale from Baylor and forgot to hit

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<v Speaker 1>the save boots on the Bloomberg bracket. I'm pleased to

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<v Speaker 1>tell you I am in last place. Can I quote

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<v Speaker 1>Hillary Rodham? Clinton could would have? Yeah, well that could

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<v Speaker 1>be there. I love her brackets. She's got Wellesley all

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<v Speaker 1>the way Smith College in the finals. Oh, what can

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<v Speaker 1>you say? It is an interesting political year, um for everyone,

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<v Speaker 1>But you gotta say the folks at Fox, uh, Brett

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<v Speaker 1>and his uh and his colle league Megan Kelly. Um.

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<v Speaker 1>You normally don't see a self described although a lot

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<v Speaker 1>of people would say he's not a Republican or conservative,

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<v Speaker 1>but you know, front runner taking on Fox in the

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<v Speaker 1>way he has UM. Well, yeah, I think it's very fluid.

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<v Speaker 1>And I would also just Michael, it's not over because

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<v Speaker 1>they got to go through this whole you know, meet

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<v Speaker 1>and greet and visit the ballet at the convention, which

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<v Speaker 1>is gonna be a ballet, you know, So I don't think.

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<v Speaker 1>I don't think they debate things over and then you

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<v Speaker 1>get to the actual two party debates as well. So

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<v Speaker 1>I think the theater of this UH is we hopefully

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<v Speaker 1>we can get some dialogue involved. I would suggest, Michael,

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<v Speaker 1>a little shift in the wind that to me, it's

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<v Speaker 1>almost a foreign policy weekend with what Mr Trump said,

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<v Speaker 1>And I'm starting to see a lot of people saying,

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<v Speaker 1>you know, what, what are the foreign policies of the

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<v Speaker 1>various candidates. Yeah, well, he doesn't have any policies that

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<v Speaker 1>you know, in any area, So I'm not sure why

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<v Speaker 1>we should expect anything from there. It is. It is

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<v Speaker 1>a beautiful Friday in New York. We want you to

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<v Speaker 1>stay with US worldwide on economics, f dance, investment, on

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<v Speaker 1>international relations. This is Bloomberg's surveillance