1 00:00:02,480 --> 00:00:06,840 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,640 --> 00:00:11,520 Speaker 2: Good morning, I'm Nathan Hager and. 3 00:00:11,480 --> 00:00:14,560 Speaker 1: I'm Karen Moscow. Here are the stories we're following today. 4 00:00:14,800 --> 00:00:18,079 Speaker 2: Karen, we begin with a presidential race reshaped after the 5 00:00:18,120 --> 00:00:22,079 Speaker 2: assassination attempt on Donald Trump. The former president was shot 6 00:00:22,160 --> 00:00:25,880 Speaker 2: during a rally in Butler, Pennsylvania, on Saturday, days before 7 00:00:25,880 --> 00:00:29,080 Speaker 2: he accepts the nomination at the Republican National Convention this 8 00:00:29,160 --> 00:00:32,280 Speaker 2: week in Milwaukee, and now President Biden has used a 9 00:00:32,400 --> 00:00:35,320 Speaker 2: rare Oval office address to say this kind of violence 10 00:00:35,479 --> 00:00:36,760 Speaker 2: cannot be normalized. 11 00:00:37,280 --> 00:00:41,360 Speaker 3: A former president was shot, an American citizen killed while 12 00:00:41,400 --> 00:00:44,800 Speaker 3: simply exercising his freedom to support the candidate of his tuosing, 13 00:00:45,360 --> 00:00:48,760 Speaker 3: we cannot, we must not go down this road in America. 14 00:00:49,240 --> 00:00:52,440 Speaker 3: We've traveled before throughout our history. Violence has never been 15 00:00:52,440 --> 00:00:52,920 Speaker 3: the answer. 16 00:00:53,120 --> 00:00:56,000 Speaker 2: President Biden says Americans must resolve their differences at the 17 00:00:56,000 --> 00:00:59,040 Speaker 2: ballot box, not with bullets, and he says he'll continue 18 00:00:59,080 --> 00:01:01,680 Speaker 2: to draw a contrast between his vision for the country 19 00:01:01,720 --> 00:01:05,720 Speaker 2: and former President Trump's. The Biden campaign has paused TV 20 00:01:05,840 --> 00:01:08,600 Speaker 2: ads and canceled some events planned for today, but the 21 00:01:08,600 --> 00:01:11,760 Speaker 2: president still plans to sit for an interview with NBC's 22 00:01:11,880 --> 00:01:15,600 Speaker 2: Lester Holt tonight, and he'll also address black and Latino 23 00:01:15,640 --> 00:01:17,440 Speaker 2: groups in Las Vegas tomorrow. 24 00:01:18,240 --> 00:01:18,360 Speaker 4: Well. 25 00:01:18,440 --> 00:01:22,160 Speaker 1: Nathan Donald Trump says he has rewritten his Republican National 26 00:01:22,240 --> 00:01:25,680 Speaker 1: Convention speech to call for unity instead of focusing on 27 00:01:25,760 --> 00:01:29,640 Speaker 1: President Biden after he survived an assassination attempt. In an 28 00:01:29,640 --> 00:01:34,560 Speaker 1: interview with the conservative publication The Washington Examiner, Trump said, quote, 29 00:01:34,680 --> 00:01:37,120 Speaker 1: it is a chance to bring the country together. I 30 00:01:37,240 --> 00:01:38,560 Speaker 1: was given that chance. 31 00:01:38,400 --> 00:01:38,760 Speaker 5: Mean Karen. 32 00:01:38,760 --> 00:01:41,840 Speaker 2: Bloomberg News has also learned Trump called Nicki Haley his 33 00:01:41,920 --> 00:01:44,200 Speaker 2: one time rival in the twenty twenty four race, and 34 00:01:44,280 --> 00:01:47,400 Speaker 2: asked her to attend the convention Milwaukee. We get more 35 00:01:47,440 --> 00:01:49,800 Speaker 2: from Bloomberg Senior writer Stephanie Baker. 36 00:01:49,760 --> 00:01:52,200 Speaker 4: Does the convention and in some ways become more about 37 00:01:52,240 --> 00:01:56,360 Speaker 4: policy rather than attacking the Democrats. You know, I think 38 00:01:56,400 --> 00:01:59,400 Speaker 4: that remains to be seen. How you know what the 39 00:01:59,440 --> 00:02:03,480 Speaker 4: tone of that is. Already they've invited Nikki Haley, she 40 00:02:03,600 --> 00:02:07,200 Speaker 4: was not invited before the assassination attempt, and she is 41 00:02:07,280 --> 00:02:11,480 Speaker 4: expected to double down on this message of unity. So 42 00:02:11,720 --> 00:02:15,040 Speaker 4: I think already it's changed the tone of what looks 43 00:02:15,080 --> 00:02:17,560 Speaker 4: like a very important Republican National Convention. 44 00:02:17,639 --> 00:02:20,720 Speaker 2: Bloomberg Senior writer Stephanie Baker says Haley is slated to 45 00:02:20,760 --> 00:02:22,960 Speaker 2: speak tomorrow well Nathan. 46 00:02:23,000 --> 00:02:26,559 Speaker 1: The shooting is placed the Secret Service under harsh scrutiny. 47 00:02:26,639 --> 00:02:29,799 Speaker 1: Trump allies have blasted the agency over its protection of 48 00:02:29,880 --> 00:02:33,359 Speaker 1: the former president. The FBI is leading her probe into 49 00:02:33,360 --> 00:02:36,840 Speaker 1: the events, which Director Christopher Ray says will be thorough. 50 00:02:37,360 --> 00:02:40,600 Speaker 6: We have committed the full force of the FBI to 51 00:02:40,680 --> 00:02:45,760 Speaker 6: this investigation. An attempt to assassinate a presidential candidate can 52 00:02:45,800 --> 00:02:50,080 Speaker 6: only be described as absolutely despicable and will not be 53 00:02:50,200 --> 00:02:52,240 Speaker 6: tolerated in this country. 54 00:02:52,200 --> 00:02:55,520 Speaker 1: FBI Director Christopher Ray. Now the Secret Service will turn 55 00:02:55,560 --> 00:02:59,360 Speaker 1: its attention to the Republican National Convention. The agency in 56 00:02:59,440 --> 00:03:04,239 Speaker 1: cisro Bus. Security plans are in place in coordination with local, state, 57 00:03:04,280 --> 00:03:07,360 Speaker 1: and federal law enforcement ahead of the arrival of over 58 00:03:07,480 --> 00:03:10,320 Speaker 1: fifty thousand expected attendees in Milwaukee. 59 00:03:10,480 --> 00:03:14,200 Speaker 2: Meanwhile, back in Pennsylvania, Karen investigators are hunting for any 60 00:03:14,240 --> 00:03:16,640 Speaker 2: clues into what may have driven the suspect to try 61 00:03:16,680 --> 00:03:19,600 Speaker 2: to assassinate Donald Trump. The shooter, who was taken out 62 00:03:19,600 --> 00:03:22,320 Speaker 2: by Secret Service at the scene, has been identified as 63 00:03:22,400 --> 00:03:25,960 Speaker 2: twenty year old Thomas Matthew Crooks. Kevin Rojack is the 64 00:03:26,040 --> 00:03:28,720 Speaker 2: FBI special Agent in charge of the Pittsburgh Bureau. 65 00:03:29,200 --> 00:03:32,840 Speaker 7: At this time, the information that we have indicates that 66 00:03:32,919 --> 00:03:36,800 Speaker 7: the shooter acted alone. At present, we have not identified 67 00:03:36,840 --> 00:03:40,240 Speaker 7: an ideology associated with the subject. 68 00:03:40,480 --> 00:03:43,960 Speaker 2: Special Agent in charge Kevin Rojack says technical specialists are 69 00:03:44,000 --> 00:03:47,680 Speaker 2: coming through all digital evidence, including Crooks's social media accounts. 70 00:03:47,840 --> 00:03:50,840 Speaker 2: The FBI says he had bomb making materials in the 71 00:03:50,840 --> 00:03:53,800 Speaker 2: car he brought to the rally, but his political leanings 72 00:03:53,840 --> 00:03:57,560 Speaker 2: are not immediately clear. Records show Crooks was registered as 73 00:03:57,600 --> 00:03:59,480 Speaker 2: a Republican voter in Pennsylvania. 74 00:04:00,000 --> 00:04:02,240 Speaker 1: Well, Nathan, we are seeing a market reaction to the 75 00:04:02,320 --> 00:04:06,720 Speaker 1: assassination attempt. The dollar now little change, treasuries falling as 76 00:04:06,760 --> 00:04:10,000 Speaker 1: investors increase bets Trump will win the election. The moves 77 00:04:10,040 --> 00:04:13,400 Speaker 1: reflect beliefs Trump will usher and looser fiscal policy and 78 00:04:13,520 --> 00:04:16,719 Speaker 1: higher tariffs, which are generally viewed as likely to benefit 79 00:04:16,760 --> 00:04:20,159 Speaker 1: the dollar, and weekend treasuries and shares of Trump's media 80 00:04:20,240 --> 00:04:23,800 Speaker 1: company soaring in the pre market. Trump Media and Technology 81 00:04:23,880 --> 00:04:26,239 Speaker 1: shares are currently up sixty one percent. 82 00:04:26,600 --> 00:04:29,719 Speaker 2: As for other equities, Karen, the focus is going to 83 00:04:29,720 --> 00:04:32,320 Speaker 2: be back on bank earnings. They continue this morning with 84 00:04:32,400 --> 00:04:36,560 Speaker 2: Goldman Sachs reporting Alison Williams is a senior analyst at 85 00:04:36,560 --> 00:04:37,680 Speaker 2: Bloomberg Intelligence. 86 00:04:38,120 --> 00:04:41,200 Speaker 8: We are expecting to see some strong trading and fee 87 00:04:41,240 --> 00:04:43,920 Speaker 8: revenue from Goldman Sachs this morning, and really the bar 88 00:04:44,040 --> 00:04:46,800 Speaker 8: is even higher after some of the results that we 89 00:04:46,839 --> 00:04:50,839 Speaker 8: saw on Friday, JP Morgan, who is the leader in 90 00:04:50,920 --> 00:04:54,520 Speaker 8: trading and investment banking fees, reporting a gain of almost 91 00:04:54,560 --> 00:04:59,320 Speaker 8: twenty percent. Really strong equities and strength and fees across 92 00:04:59,440 --> 00:05:02,720 Speaker 8: M and A equity and debt underwriting. We expect these 93 00:05:02,760 --> 00:05:05,440 Speaker 8: same sources of revenue are going to power Goldman Sacks 94 00:05:05,600 --> 00:05:08,320 Speaker 8: and importantly, we'll be watching the market share for Goldman. 95 00:05:08,800 --> 00:05:11,320 Speaker 8: The other benefit to Goldman is that they took a 96 00:05:11,360 --> 00:05:14,440 Speaker 8: lot of impairment costs on their commercial real estate last year, 97 00:05:14,800 --> 00:05:16,800 Speaker 8: so we feel like that has been cleaned up a 98 00:05:16,800 --> 00:05:19,440 Speaker 8: bit and we're expecting to see a much cleaner result 99 00:05:19,480 --> 00:05:20,120 Speaker 8: this quarter. 100 00:05:20,000 --> 00:05:23,800 Speaker 2: Bloomberg Intelligence senior Analystallis and Williams says. Goldman's report this 101 00:05:23,839 --> 00:05:26,479 Speaker 2: morning will be followed by Morgan, Stanley and Bank of 102 00:05:26,520 --> 00:05:28,680 Speaker 2: America tomorrow. 103 00:05:30,920 --> 00:05:32,320 Speaker 1: And it's time now for a look at some of 104 00:05:32,360 --> 00:05:34,559 Speaker 1: the other stories making news in New York and around 105 00:05:34,600 --> 00:05:37,919 Speaker 1: the world, and for that we're joined by Bloomberg's Michael Barr, Michael, 106 00:05:37,960 --> 00:05:38,720 Speaker 1: good morning. 107 00:05:38,600 --> 00:05:41,799 Speaker 5: Good morning, Karen. New Yorkers are reacting to the weekend 108 00:05:41,839 --> 00:05:46,280 Speaker 5: attempt to assassinate former President Trump. The NYPD has increased 109 00:05:46,320 --> 00:05:49,600 Speaker 5: presence in front of Trump Tower on Fifth Avenue. New 110 00:05:49,680 --> 00:05:52,880 Speaker 5: York Mayor Eric Adams spoke at a news conference. 111 00:05:52,880 --> 00:05:56,919 Speaker 9: What happens when a twenty year old reaches a point? 112 00:05:57,279 --> 00:06:00,839 Speaker 9: Would they believe the only way to settle their political 113 00:06:00,880 --> 00:06:06,000 Speaker 9: differences and disputes is to use a AR fifteen or 114 00:06:06,040 --> 00:06:09,600 Speaker 9: AK forty seven or any other form of handgun or 115 00:06:09,680 --> 00:06:12,200 Speaker 9: weapon that says a terrible message. 116 00:06:12,680 --> 00:06:17,280 Speaker 5: Meanwhile, New York Republican lawmakers condemned President Biden and rhetoric 117 00:06:17,400 --> 00:06:21,719 Speaker 5: from Democrats for the shooting. New York State Senator Andrew Lanza. 118 00:06:22,080 --> 00:06:25,440 Speaker 2: When you convince people that someone is evil, there's going 119 00:06:25,520 --> 00:06:27,720 Speaker 2: to be some maniac who wants to rid the world 120 00:06:27,800 --> 00:06:28,200 Speaker 2: of evil. 121 00:06:29,040 --> 00:06:33,440 Speaker 5: Audio courtesy of ABC seven. Supporters of former President Trump 122 00:06:33,520 --> 00:06:37,080 Speaker 5: gathered in front of Trump Tower, many wearing red Make 123 00:06:37,120 --> 00:06:40,680 Speaker 5: America Great Again caps and draped in the American flag. 124 00:06:41,080 --> 00:06:44,239 Speaker 5: The NYPD has increased security in front of Trump Tower. 125 00:06:45,080 --> 00:06:48,840 Speaker 5: This was a grim weekend as we've lost several celebrities. 126 00:06:49,240 --> 00:06:52,400 Speaker 5: Beverly Hill's nine oh two to one zero star Shennan 127 00:06:52,480 --> 00:06:56,360 Speaker 5: Doherty has died. Doherty, who lost your battle with breast cancer, 128 00:06:56,440 --> 00:07:00,479 Speaker 5: was fifty three. James Siking of Hill Street Blues has died. 129 00:07:00,520 --> 00:07:04,080 Speaker 5: His publicist says that Sicking died of complications from dementia 130 00:07:04,080 --> 00:07:08,200 Speaker 5: at age ninety. Fitness guru Richard Simmons has died. His 131 00:07:08,279 --> 00:07:11,800 Speaker 5: publicist says Simmons died to day after his seventy six birthday. 132 00:07:12,280 --> 00:07:15,280 Speaker 5: And people are remembering the life and legacy of doctor Ruth, 133 00:07:15,640 --> 00:07:19,680 Speaker 5: the sex therapist and talk show host whose methods discussing 134 00:07:19,720 --> 00:07:23,600 Speaker 5: intimacy made of a pioneer. Doctor Ruth Wesheimer passed away 135 00:07:23,600 --> 00:07:25,640 Speaker 5: in her New York City home over the weekend at 136 00:07:25,640 --> 00:07:29,600 Speaker 5: the age of ninety six. According to new data from 137 00:07:29,640 --> 00:07:33,960 Speaker 5: the World Health Organization and UNISEF, there has been some progress, 138 00:07:34,040 --> 00:07:40,320 Speaker 5: but challenges achieving global immunization coverage remain. According to the WHO, 139 00:07:40,440 --> 00:07:44,640 Speaker 5: assessing vaccination data from over one hundred ninety countries annually, 140 00:07:45,040 --> 00:07:47,600 Speaker 5: things in twenty twenty three were pretty much the same 141 00:07:47,680 --> 00:07:52,000 Speaker 5: as twenty twenty two. Doctor Fraim Lemongo, chief of Immunization 142 00:07:52,120 --> 00:07:56,360 Speaker 5: at UNISEF, says they are still having areas of conflict 143 00:07:56,720 --> 00:07:59,480 Speaker 5: in the world that are not recovering well, like. 144 00:08:00,160 --> 00:08:03,080 Speaker 10: In Sudan, the continued fragility in Yemen. 145 00:08:03,080 --> 00:08:06,240 Speaker 9: In Afghanistan, he's still continuing to affect children. 146 00:08:07,000 --> 00:08:10,280 Speaker 5: About twenty one million children globally are still missing one 147 00:08:10,480 --> 00:08:13,960 Speaker 5: or more vaccines. Global News twenty four hours a day 148 00:08:14,080 --> 00:08:16,280 Speaker 5: and whenever you want it with the Bloomberg News. Now, 149 00:08:16,560 --> 00:08:19,400 Speaker 5: I'm Michael Barr, and this is Bloomberg came all. 150 00:08:19,360 --> 00:08:26,000 Speaker 1: Right, Michael Barr, thank you. It's time now for the 151 00:08:26,040 --> 00:08:29,240 Speaker 1: Bloomberg Scores Update with John Stashawer. John, good morning. 152 00:08:30,040 --> 00:08:32,480 Speaker 11: Hey, he's a late morning start in Baltimortning. 153 00:08:32,480 --> 00:08:34,440 Speaker 10: When the rookie Ben Rice did a three run home 154 00:08:34,480 --> 00:08:36,640 Speaker 10: at nineteen, let the Yanks would get a serious sweep 155 00:08:36,679 --> 00:08:38,880 Speaker 10: and hit the All Star break in first place. Bottom 156 00:08:38,880 --> 00:08:42,120 Speaker 10: of night, the Orioles loaded the bases off Clay Home Stield. 157 00:08:42,160 --> 00:08:44,679 Speaker 10: The game should have ended with a routine ground ball 158 00:08:44,760 --> 00:08:47,000 Speaker 10: and Anthony Volpi he bobbled it. 159 00:08:47,120 --> 00:08:49,560 Speaker 11: The Yanks were still up a run with two help. 160 00:08:50,679 --> 00:08:52,760 Speaker 11: We'll Claire out to left field. Starry. It is for 161 00:08:52,880 --> 00:08:54,760 Speaker 11: gouging out to go back. He had to go back 162 00:08:54,800 --> 00:08:55,599 Speaker 11: and he ducks it. 163 00:08:55,840 --> 00:08:58,680 Speaker 1: Let us over his head and the oil slide is 164 00:08:58,760 --> 00:08:59,240 Speaker 1: going in. 165 00:09:00,800 --> 00:09:03,880 Speaker 11: Oh heard his in Richmond is in. But it is 166 00:09:03,920 --> 00:09:06,319 Speaker 11: your hero Curials walking off. 167 00:09:06,200 --> 00:09:07,000 Speaker 1: Six to five. 168 00:09:07,640 --> 00:09:10,680 Speaker 10: Bal Holmes now headed Tomorrow's All Star Game in Texas 169 00:09:10,679 --> 00:09:12,760 Speaker 10: spite a one to four record in the league, leading 170 00:09:12,800 --> 00:09:15,120 Speaker 10: six blown saves. The Mets five game wins streak end 171 00:09:15,120 --> 00:09:18,040 Speaker 10: in Colorado hit six home runs at City Field, three 172 00:09:18,080 --> 00:09:21,240 Speaker 10: by Michael Tolio. The Rockies won eight to five. Phillies 173 00:09:21,280 --> 00:09:22,680 Speaker 10: have the major's best record the break. 174 00:09:22,760 --> 00:09:25,360 Speaker 11: They just lost to Oakland eighteen to three. The Eight's 175 00:09:25,800 --> 00:09:28,240 Speaker 11: hit eight home runs, their most in twenty five years. 176 00:09:28,320 --> 00:09:29,600 Speaker 11: Lawrence Butler hit three. 177 00:09:29,800 --> 00:09:32,160 Speaker 10: Started the MLB draft, Cleveland's got the best record in 178 00:09:32,160 --> 00:09:34,200 Speaker 10: the American League, had the first pick, having won the 179 00:09:34,240 --> 00:09:38,080 Speaker 10: lottery despite having only two percent chance, and the Guardians 180 00:09:38,080 --> 00:09:40,720 Speaker 10: took Travis Pazanna from Oregon State, first time ever a 181 00:09:40,760 --> 00:09:42,559 Speaker 10: second baseman drafted first overall. 182 00:09:42,920 --> 00:09:44,280 Speaker 11: Big Sports Day in Spain. 183 00:09:44,360 --> 00:09:47,080 Speaker 10: First it was Carlos Alcarez winning Wimbledon for the second 184 00:09:47,120 --> 00:09:49,560 Speaker 10: straight year, beat Novak Djokobit to the final both times, 185 00:09:49,559 --> 00:09:50,640 Speaker 10: this one in straight sets. 186 00:09:50,800 --> 00:09:52,200 Speaker 11: Alcarez is the sixth of. 187 00:09:52,200 --> 00:09:54,760 Speaker 10: The Open era to win the French and Wimbled in 188 00:09:54,760 --> 00:09:56,640 Speaker 10: the same year, and then Spain won the euro Soccer 189 00:09:56,720 --> 00:09:59,280 Speaker 10: title for the fourth time, late goal to top England 190 00:09:59,320 --> 00:10:01,760 Speaker 10: to the one key in the UK winless and major 191 00:10:01,800 --> 00:10:04,360 Speaker 10: tournaments since it won the World Cup back in nineteen 192 00:10:04,480 --> 00:10:07,360 Speaker 10: sixty six. The Copa America final was in Miami, wild 193 00:10:07,440 --> 00:10:10,840 Speaker 10: scene before the game, many fans stormed in without tickets. 194 00:10:10,840 --> 00:10:13,320 Speaker 10: That was a delay and then no goals until the 195 00:10:13,320 --> 00:10:16,319 Speaker 10: one hundred and twelve minute Argentina. 196 00:10:15,720 --> 00:10:17,880 Speaker 11: Scored an extra time to get by Columbia one nil. 197 00:10:18,240 --> 00:10:20,760 Speaker 11: Jumps dash that wear Bloomberg Sports Karna. 198 00:10:23,120 --> 00:10:27,240 Speaker 5: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM, 199 00:10:27,320 --> 00:10:30,240 Speaker 5: and around the world on Bloomberg dot Com and the 200 00:10:30,280 --> 00:10:33,679 Speaker 5: Bloomberg Business app. This is Bloomberg Daybreak. 201 00:10:33,920 --> 00:10:35,440 Speaker 11: Good Morning, got Nathan Hager. 202 00:10:35,880 --> 00:10:40,199 Speaker 2: After the assassination attempt on former President Donald Trump, President 203 00:10:40,240 --> 00:10:43,200 Speaker 2: Biden is looking to rise above the fray or. 204 00:10:43,160 --> 00:10:47,559 Speaker 3: We may disagree. We are not enemies. We're neighbors. We're friends, 205 00:10:48,120 --> 00:10:51,839 Speaker 3: co workers, citizens, and most importantly, we are fellow Americans. 206 00:10:52,440 --> 00:10:53,480 Speaker 3: We must stand together. 207 00:10:54,320 --> 00:10:56,840 Speaker 2: President took to the Oval Office with that message of 208 00:10:56,920 --> 00:11:00,600 Speaker 2: unity last night, looking to revive his campaign against your 209 00:11:00,600 --> 00:11:04,640 Speaker 2: Republican Party, now rallying firmly behind, it's now a wounded 210 00:11:04,720 --> 00:11:08,040 Speaker 2: leader Donald Trump. For more, we were joined by Bloomberg's 211 00:11:08,080 --> 00:11:12,640 Speaker 2: Kevin whitelaw veteran of Washington political coverage. Kevin, good morning. 212 00:11:12,960 --> 00:11:16,160 Speaker 2: This is such a different moment in American politics. What 213 00:11:16,360 --> 00:11:20,040 Speaker 2: stands out to you forty eight hours after the attempt 214 00:11:20,040 --> 00:11:21,760 Speaker 2: on former President Trump's life. 215 00:11:22,320 --> 00:11:25,480 Speaker 12: Well, obviously it has rewritten the race once again. But 216 00:11:25,640 --> 00:11:28,160 Speaker 12: this is, of course a race. It's being rewritten almost 217 00:11:28,200 --> 00:11:30,920 Speaker 12: every week in one way or another, so it's going 218 00:11:31,000 --> 00:11:33,040 Speaker 12: to be a little while before we really understand the 219 00:11:33,080 --> 00:11:37,480 Speaker 12: overall impact. I think that the violence was obviously shocking 220 00:11:37,520 --> 00:11:43,080 Speaker 12: to everybody who watched that moment happen. In Trump's instincts 221 00:11:43,600 --> 00:11:47,440 Speaker 12: for showmanship served him better than ever, you know, with 222 00:11:47,559 --> 00:11:51,280 Speaker 12: his defiant fist pump and sort of that iconic photo 223 00:11:51,320 --> 00:11:53,000 Speaker 12: that you're going to see over and over and over. 224 00:11:53,080 --> 00:11:58,079 Speaker 12: I think the larger question going forward is obviously they 225 00:11:58,120 --> 00:12:00,360 Speaker 12: both have to shift their tactics a little bit in 226 00:12:00,360 --> 00:12:03,160 Speaker 12: the wake of this, and that's going to potentially constrain 227 00:12:03,720 --> 00:12:08,520 Speaker 12: Joe Biden's ability to to sharpen and wield a tax 228 00:12:08,559 --> 00:12:12,880 Speaker 12: on Trump. But obviously Trump is also going to have 229 00:12:12,880 --> 00:12:15,199 Speaker 12: to decide if he wants to try to sort of 230 00:12:15,280 --> 00:12:19,040 Speaker 12: keep a more a message of unity or continue this 231 00:12:19,160 --> 00:12:22,120 Speaker 12: in the same sort of partisan, hyper partisan sort of 232 00:12:22,840 --> 00:12:25,560 Speaker 12: attack mode that he seems most comfortable in. 233 00:12:25,960 --> 00:12:28,880 Speaker 2: You know, we put so much more focus now on 234 00:12:28,920 --> 00:12:32,760 Speaker 2: the Republican National Convention getting underway this morning. We're also 235 00:12:32,960 --> 00:12:36,200 Speaker 2: hearing reports that the former president, as you alluded to, 236 00:12:36,520 --> 00:12:41,480 Speaker 2: is revamping his acceptance speech to appeal for unity, even 237 00:12:41,520 --> 00:12:45,240 Speaker 2: inviting Nicky Hayley to speak at the RNC tomorrow. I 238 00:12:45,240 --> 00:12:50,560 Speaker 2: guess the basic question, Kevin, is how long does this pivot, 239 00:12:50,600 --> 00:12:53,480 Speaker 2: these calls for unity last. I mean, we've still got 240 00:12:53,520 --> 00:12:54,600 Speaker 2: months till November. 241 00:12:54,800 --> 00:12:55,680 Speaker 11: Well, that's just it. 242 00:12:55,760 --> 00:12:58,200 Speaker 12: And we do know that that, you know, we know 243 00:12:58,240 --> 00:13:01,960 Speaker 12: where Donald Trump's instincts usually take him. And you know, 244 00:13:02,280 --> 00:13:05,800 Speaker 12: so thinking back to the convention speech he gave in 245 00:13:06,240 --> 00:13:09,720 Speaker 12: particularly in twenty sixteen, but even in twenty twenty, they 246 00:13:09,760 --> 00:13:15,640 Speaker 12: were pretty dark and alarmist speeches. He may well be 247 00:13:15,720 --> 00:13:17,720 Speaker 12: able to pivot for a little bit, but it's a 248 00:13:17,920 --> 00:13:21,040 Speaker 12: little hard to see him necessarily being able to maintain 249 00:13:21,080 --> 00:13:23,840 Speaker 12: it for all the way till November. And I think 250 00:13:23,840 --> 00:13:27,360 Speaker 12: in the same way for President Biden. You know that 251 00:13:27,600 --> 00:13:30,040 Speaker 12: that ability to sort of sharpen the knife and go 252 00:13:30,160 --> 00:13:34,320 Speaker 12: after Trump in a and term. You know, ultimately that's 253 00:13:34,360 --> 00:13:37,000 Speaker 12: probably the only path that Biden has to reelection is 254 00:13:37,520 --> 00:13:40,400 Speaker 12: turning out the anti Trump vote. That's harder in the 255 00:13:40,440 --> 00:13:44,559 Speaker 12: short term, but you know, memories fade, and he may 256 00:13:44,600 --> 00:13:47,840 Speaker 12: well be able to re engage, particularly if Trump gives 257 00:13:47,920 --> 00:13:49,640 Speaker 12: him an opening down the line. 258 00:13:49,880 --> 00:13:52,200 Speaker 2: You know, it's been interesting as well to see President 259 00:13:52,280 --> 00:13:54,760 Speaker 2: Biden out in the public spotlight even more now. We 260 00:13:54,760 --> 00:13:58,360 Speaker 2: were expecting that he was going to engage further with 261 00:13:58,440 --> 00:14:01,480 Speaker 2: the public, just to beat back those concerns that they're 262 00:14:01,559 --> 00:14:04,520 Speaker 2: still lingering in the Democratic Party I think about the 263 00:14:04,520 --> 00:14:08,560 Speaker 2: president's age and his mental fitness. I mean, he's going 264 00:14:08,640 --> 00:14:12,360 Speaker 2: to be giving an interview still with Lester Whole tonight. 265 00:14:12,720 --> 00:14:13,920 Speaker 11: Is that a good move? 266 00:14:14,240 --> 00:14:17,920 Speaker 2: Do you think to keep up this sort of counter 267 00:14:18,000 --> 00:14:21,280 Speaker 2: programming in some way to the president or for the president? 268 00:14:21,320 --> 00:14:23,240 Speaker 12: Well, essentially, he's got to find a way to stay 269 00:14:23,280 --> 00:14:25,720 Speaker 12: in the spotlight, and he's got to find a way 270 00:14:25,920 --> 00:14:29,080 Speaker 12: for it to not just be about the latest gaff 271 00:14:29,520 --> 00:14:32,040 Speaker 12: or or senior moment, and so he's going to have 272 00:14:32,080 --> 00:14:36,120 Speaker 12: to do it. But obviously suddenly, you know, the attention 273 00:14:36,240 --> 00:14:38,760 Speaker 12: is less focused on him on some level that may 274 00:14:38,800 --> 00:14:41,360 Speaker 12: be helpful in the short term, but he still has 275 00:14:41,400 --> 00:14:43,840 Speaker 12: to find ways to demonstrate time and time again that 276 00:14:43,920 --> 00:14:47,560 Speaker 12: he's got the strength and fortitude to be able to 277 00:14:48,000 --> 00:14:50,720 Speaker 12: make it through the campaign and then a four year term. 278 00:14:51,040 --> 00:14:53,320 Speaker 12: So that's going to be a long, long road for him. 279 00:14:53,600 --> 00:14:57,640 Speaker 12: It's obviously only gotten harder in many ways, and we 280 00:14:57,800 --> 00:15:00,000 Speaker 12: still will have to wrestle with over the next couple 281 00:15:00,000 --> 00:15:02,600 Speaker 12: couple of weeks the continuing questions about whether or not 282 00:15:02,920 --> 00:15:06,200 Speaker 12: he needs to be replaced on the ticket. And you know, 283 00:15:06,280 --> 00:15:11,120 Speaker 12: Democrats may find that that's a purely attractive, even more 284 00:15:11,120 --> 00:15:13,680 Speaker 12: attractive idea as they try to desperately figure out how 285 00:15:13,680 --> 00:15:18,280 Speaker 12: to change the narrative after this assassination attempt, But it 286 00:15:18,360 --> 00:15:21,000 Speaker 12: also could just leave Biden even more dug in on 287 00:15:22,080 --> 00:15:24,920 Speaker 12: him being the best one place to beat Trump. 288 00:15:25,160 --> 00:15:27,320 Speaker 2: So in our last thirty seconds, Kevin, what's the one 289 00:15:27,360 --> 00:15:29,720 Speaker 2: thing you're going to be looking for most closely as 290 00:15:29,880 --> 00:15:31,840 Speaker 2: attention turns to Milwaukee this week? 291 00:15:32,320 --> 00:15:34,680 Speaker 12: Well, I do think it's going to be what Donald 292 00:15:34,720 --> 00:15:39,560 Speaker 12: Trump's new tone is, should he adopt it, and how 293 00:15:39,600 --> 00:15:43,720 Speaker 12: long does it last after the convention when the spotlight 294 00:15:43,760 --> 00:15:44,680 Speaker 12: has slightly moved on. 295 00:15:44,880 --> 00:15:47,640 Speaker 11: This is Bloomberg Daybreak Today, Your morning. 296 00:15:47,360 --> 00:15:49,960 Speaker 2: Brief on the story's making news from Wall Street to 297 00:15:50,200 --> 00:15:51,400 Speaker 2: Washington and beyond. 298 00:15:51,680 --> 00:15:54,440 Speaker 1: Look for us on your podcast feed at six am 299 00:15:54,520 --> 00:15:58,200 Speaker 1: Eastern each morning, on Apple, Spotify, and anywhere else you 300 00:15:58,240 --> 00:15:59,400 Speaker 1: get your podcasts. 301 00:15:59,520 --> 00:16:02,000 Speaker 2: You can also so listen live each morning starting at 302 00:16:02,000 --> 00:16:04,680 Speaker 2: five am Wall Street time, on Bloomberg eleven three to 303 00:16:04,720 --> 00:16:07,800 Speaker 2: zero in New York, Bloomberg ninety nine one in Washington, 304 00:16:07,880 --> 00:16:11,080 Speaker 2: Bloomberg one oh sixty one in Boston, and Bloomberg ninety 305 00:16:11,120 --> 00:16:12,520 Speaker 2: sixty in San Francisco. 306 00:16:12,880 --> 00:16:16,040 Speaker 1: Our flagship New York station is also available on your 307 00:16:16,080 --> 00:16:21,160 Speaker 1: Amazon Alexa devices. 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