1
00:00:01,920 --> 00:00:04,480
Speaker 1: News when you want it With Bloomberg News Now, I'm

2
00:00:04,480 --> 00:00:07,520
Speaker 1: Doug Prisner. A federal judge has granted a three week

3
00:00:07,600 --> 00:00:11,920
Speaker 1: delay in Donald Trump's twenty twenty election obstruction case. Bloomberg's

4
00:00:11,920 --> 00:00:13,720
Speaker 1: Amy Morris has more from Washington.

5
00:00:13,840 --> 00:00:17,040
Speaker 2: Special counsel Jack Smith wants to push back the deadlines

6
00:00:17,079 --> 00:00:20,720
Speaker 2: and former President Trump's election interference case. Smith asked the

7
00:00:20,800 --> 00:00:23,480
Speaker 2: judge for a three week delay to determine how the

8
00:00:23,520 --> 00:00:26,360
Speaker 2: case can move forward after the Supreme Court ruled that

9
00:00:26,440 --> 00:00:30,400
Speaker 2: presidents are absolutely immune from prosecution when carrying out their

10
00:00:30,440 --> 00:00:34,479
Speaker 2: core presidential duties, but can face trial for private conduct.

11
00:00:34,800 --> 00:00:37,680
Speaker 2: The judge has set a new hearing date for September fifth,

12
00:00:37,880 --> 00:00:40,400
Speaker 2: in the midst of the final post Labor Day sprint

13
00:00:40,440 --> 00:00:43,720
Speaker 2: to the November election. Trump's legal team did not object

14
00:00:43,800 --> 00:00:47,000
Speaker 2: to the delay. In Washington, Amy Morris Bloomberg Radio.

15
00:00:47,280 --> 00:00:52,240
Speaker 1: A new report illustrates the disparities between CEOs and their employees.

16
00:00:52,760 --> 00:00:54,480
Speaker 1: More from Bloomberg's Nancy Lions.

17
00:00:54,680 --> 00:00:57,959
Speaker 3: The afl CIO is out with its annual report on

18
00:00:58,040 --> 00:01:00,960
Speaker 3: what CEOs make it s and p five hundred companies.

19
00:01:01,280 --> 00:01:04,800
Speaker 3: It says, on average, their annual pay was seventeen point

20
00:01:04,840 --> 00:01:08,200
Speaker 3: seven million dollars last year. That's up six percent from

21
00:01:08,200 --> 00:01:11,040
Speaker 3: a year earlier. That's also more than two hundred and

22
00:01:11,080 --> 00:01:14,720
Speaker 3: sixty eight times what the median worker at those companies earned.

23
00:01:15,000 --> 00:01:18,120
Speaker 3: Dow Jones reports. The union blames former President Trump for

24
00:01:18,160 --> 00:01:22,400
Speaker 3: the disparity, saying corporate tax breaks during his presidency boosted

25
00:01:22,520 --> 00:01:25,440
Speaker 3: CEO pay I'm Nancy lyons Bloomberg Radio.

26
00:01:25,600 --> 00:01:29,080
Speaker 1: Former President Trump may have disavouted, but environmental groups still

27
00:01:29,120 --> 00:01:32,759
Speaker 1: plan to go after his campaign over the conservative blueprint

28
00:01:32,840 --> 00:01:36,679
Speaker 1: known as Project twenty twenty five. Bloomberg's Nathan Hager has

29
00:01:36,720 --> 00:01:37,679
Speaker 1: more from Washington.

30
00:01:37,760 --> 00:01:40,800
Speaker 4: The Sierra Club recently posted a video online warning of

31
00:01:40,840 --> 00:01:45,119
Speaker 4: a death sentence for environmental protections under Project twenty twenty five.

32
00:01:45,240 --> 00:01:47,880
Speaker 4: It calls for deep cuts to the EPA, sales of

33
00:01:47,880 --> 00:01:50,720
Speaker 4: public lands, and a breakup of the National Oceanic and

34
00:01:50,760 --> 00:01:55,080
Speaker 4: Atmospheric Administration. The Heritage Foundation official behind the nine hundred

35
00:01:55,080 --> 00:01:59,000
Speaker 4: plus page manifesto has resigned, but the Sierra Club's legislative

36
00:01:59,000 --> 00:02:02,800
Speaker 4: director tells Bloomberg she doesn't buy former President Trump's criticism

37
00:02:02,800 --> 00:02:05,960
Speaker 4: of the project and with its policy proposals on the environment.

38
00:02:06,000 --> 00:02:09,080
Speaker 4: The official says Project twenty twenty five is a rich

39
00:02:09,200 --> 00:02:12,560
Speaker 4: target in Washington. I'm Nathan Hager. Bloomberg Radio.

40
00:02:12,880 --> 00:02:16,480
Speaker 1: Vice President Kamala Harris she believes in the independence of

41
00:02:16,520 --> 00:02:19,680
Speaker 1: the Federal Reserve. Over the weekend, Harris said she would

42
00:02:19,720 --> 00:02:23,440
Speaker 1: not interfere with the Fed's decision making if elected now.

43
00:02:23,480 --> 00:02:26,880
Speaker 1: Her comments come days after her opponent, Donald Trump, said

44
00:02:27,120 --> 00:02:30,399
Speaker 1: the president should play a stronger role in monetary policy.

45
00:02:31,160 --> 00:02:34,840
Speaker 3: I couldn't agree, disagree, excuse me more strongly. The FED

46
00:02:35,040 --> 00:02:38,359
Speaker 3: is an independent entity and as president, I would never

47
00:02:38,400 --> 00:02:41,000
Speaker 3: interfere in the decisions of the fedmans.

48
00:02:40,840 --> 00:02:44,000
Speaker 1: That is Harris speaking to reporters on Saturday and Phoenix.

49
00:02:44,240 --> 00:02:47,960
Speaker 1: You might recall last week Donald Trump expressed frustration that

50
00:02:48,000 --> 00:02:51,800
Speaker 1: the executive branch doesn't have more sway over interest rates.

51
00:02:51,840 --> 00:02:56,320
Speaker 1: You know, for decades, US presidents have traditionally avoided criticizing

52
00:02:56,320 --> 00:03:00,160
Speaker 1: the FED, not only over interest rates, but monetary policy

53
00:03:00,200 --> 00:03:04,040
Speaker 1: as well. Vice President Kamala Harris has followed up her

54
00:03:04,080 --> 00:03:07,640
Speaker 1: swing state tour with a fundraiser in San Francisco. We

55
00:03:07,720 --> 00:03:09,480
Speaker 1: have that story from Bloomberg's Ed Baxter.

56
00:03:09,919 --> 00:03:12,600
Speaker 5: Harris returned to her home base, raising more than twelve

57
00:03:12,680 --> 00:03:16,120
Speaker 5: million dollars in an event attended by top California Democrats.

58
00:03:16,560 --> 00:03:20,120
Speaker 5: Guests at the event included Tom Steyer, San Francisco Giant

59
00:03:20,200 --> 00:03:24,880
Speaker 5: CEO Larry Bear, Hollywood mogul Jeffrey Katzenberg, along with former

60
00:03:24,919 --> 00:03:28,919
Speaker 5: House Speaker Nancy Pelosi and Governor Gavin Newsom. Her campaign

61
00:03:28,960 --> 00:03:31,400
Speaker 5: also is reporting she raised three hundred and ten million

62
00:03:31,440 --> 00:03:34,519
Speaker 5: dollars in July. Now the New New York Times and

63
00:03:34,680 --> 00:03:40,120
Speaker 5: Sienna College Pole shows her running six points ahead in Wisconsin, Pennsylvania,

64
00:03:40,160 --> 00:03:44,320
Speaker 5: and Michigan outside the two point five percent margin of error,

65
00:03:44,600 --> 00:03:47,880
Speaker 5: and the latest Bloomberg Morning Console poll says even with

66
00:03:47,960 --> 00:03:52,560
Speaker 5: Donald Trump in the aggregate swing states Ed Baxter Bloomberg Radio.

67
00:03:52,400 --> 00:03:55,160
Speaker 1: Earning season is winding down, However, we still have a

68
00:03:55,200 --> 00:03:58,160
Speaker 1: couple of key reports from some well known companies. In

69
00:03:58,160 --> 00:04:00,920
Speaker 1: the week ahead, we have more from Bloomberg's Charlie Pellett.

70
00:04:01,200 --> 00:04:04,640
Speaker 6: We'll be hearing from two down members, Home Depot and Walmart.

71
00:04:04,760 --> 00:04:09,040
Speaker 6: A volatile summer for US stocks is overshadowed Corporate America's

72
00:04:09,120 --> 00:04:13,680
Speaker 6: best received earning season in years. Anastasia Moroso is chief

73
00:04:13,680 --> 00:04:15,720
Speaker 6: investment strategist at I Capital.

74
00:04:15,840 --> 00:04:20,120
Speaker 7: I think Ernie's growth, especially for non MAC seven companies,

75
00:04:20,160 --> 00:04:23,359
Speaker 7: it's actually surprising to the upside and is expected to

76
00:04:23,480 --> 00:04:25,800
Speaker 7: pick up in the back half of the year, so

77
00:04:25,880 --> 00:04:29,400
Speaker 7: I think that's again maybe the underappreciated story by the market.

78
00:04:29,480 --> 00:04:33,040
Speaker 6: Also this week we hear from Cisco Systems, Applied Materials,

79
00:04:33,320 --> 00:04:38,320
Speaker 6: FOXCN and UBS in New York Charlie Pellett Bloomberg Radio.

80
00:04:38,080 --> 00:04:40,920
Speaker 1: Tickets are about to go on sale for the next Olympics,

81
00:04:41,160 --> 00:04:43,679
Speaker 1: and nobody is quite sure if one of the major

82
00:04:43,760 --> 00:04:47,159
Speaker 1: winter game venues will be ready in time. Bloomberg's Karen

83
00:04:47,200 --> 00:04:48,160
Speaker 1: Moscow has more.

84
00:04:48,400 --> 00:04:51,520
Speaker 8: Organizers from Milan Courtina on twenty twenty six are rushing

85
00:04:51,520 --> 00:04:54,720
Speaker 8: to build a controversial sliding center in Kurtina well at

86
00:04:54,720 --> 00:04:57,720
Speaker 8: the same time keeping open existing backup options in Austria,

87
00:04:57,760 --> 00:05:01,160
Speaker 8: Switzerland and New York. Sales of hospit batality packages that

88
00:05:01,200 --> 00:05:05,279
Speaker 8: include the bobs led, luge, and skeleton competitions start in November,

89
00:05:05,320 --> 00:05:08,320
Speaker 8: and general ticket sales for twenty twenty six open in February.

90
00:05:08,640 --> 00:05:11,520
Speaker 8: Organizers won't know for sure until March whether the delayed's

91
00:05:11,520 --> 00:05:14,479
Speaker 8: sliding center in Courtina will be finished and approved. The

92
00:05:14,560 --> 00:05:17,760
Speaker 8: local organizing committee's decision to rebuild this century old track

93
00:05:17,839 --> 00:05:20,640
Speaker 8: in Courtina has been met with fierce opposition by the

94
00:05:20,680 --> 00:05:24,120
Speaker 8: international Olympic Committee, which wants Austria or Switzerland to be

95
00:05:24,200 --> 00:05:27,240
Speaker 8: used instead. Karen Moscow, Bloomberg Radio.

96
00:05:27,360 --> 00:05:30,480
Speaker 1: The Paris Games have wrapped up. Here's the final medal count.

97
00:05:30,680 --> 00:05:34,080
Speaker 1: The US has twenty six, China with ninety one, Great

98
00:05:34,120 --> 00:05:37,800
Speaker 1: Britain with sixty five, and France with sixty four. The

99
00:05:37,920 --> 00:05:41,159
Speaker 1: US is tied with China for the most gold with forty.

100
00:05:41,520 --> 00:05:43,760
Speaker 1: And that is news when you want it with Bloomberg News.

101
00:05:43,800 --> 00:05:46,280
Speaker 1: Now I'm Doug Prisoner and this is Bloomberg