Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: Good morning, I'm Nathan Hager and.
Speaker 1: I'm Karen Moscow. Here are the stories we're following today.
Speaker 2: Karen, we begin with a presidential race reshaped after the
Speaker 2: assassination attempt on Donald Trump. The former president was shot
Speaker 2: during a rally in Butler, Pennsylvania, on Saturday, days before
Speaker 2: he accepts the nomination at the Republican National Convention this
Speaker 2: week in Milwaukee, and now President Biden has used a
Speaker 2: rare Oval office address to say this kind of violence
Speaker 2: cannot be normalized.
Speaker 3: A former president was shot, an American citizen killed while
Speaker 3: simply exercising his freedom to support the candidate of his tuosing,
Speaker 3: we cannot, we must not go down this road in America.
Speaker 3: We've traveled before throughout our history. Violence has never been
Speaker 3: the answer.
Speaker 2: President Biden says Americans must resolve their differences at the
Speaker 2: ballot box, not with bullets, and he says he'll continue
Speaker 2: to draw a contrast between his vision for the country
Speaker 2: and former President Trump's. The Biden campaign has paused TV
Speaker 2: ads and canceled some events planned for today, but the
Speaker 2: president still plans to sit for an interview with NBC's
Speaker 2: Lester Holt tonight, and he'll also address black and Latino
Speaker 2: groups in Las Vegas tomorrow.
Speaker 4: Well.
Speaker 1: Nathan Donald Trump says he has rewritten his Republican National
Speaker 1: Convention speech to call for unity instead of focusing on
Speaker 1: President Biden after he survived an assassination attempt. In an
Speaker 1: interview with the conservative publication The Washington Examiner, Trump said, quote,
Speaker 1: it is a chance to bring the country together. I
Speaker 1: was given that chance.
Speaker 5: Mean Karen.
Speaker 2: Bloomberg News has also learned Trump called Nicki Haley his
Speaker 2: one time rival in the twenty twenty four race, and
Speaker 2: asked her to attend the convention Milwaukee. We get more
Speaker 2: from Bloomberg Senior writer Stephanie Baker.
Speaker 4: Does the convention and in some ways become more about
Speaker 4: policy rather than attacking the Democrats. You know, I think
Speaker 4: that remains to be seen. How you know what the
Speaker 4: tone of that is. Already they've invited Nikki Haley, she
Speaker 4: was not invited before the assassination attempt, and she is
Speaker 4: expected to double down on this message of unity. So
Speaker 4: I think already it's changed the tone of what looks
Speaker 4: like a very important Republican National Convention.
Speaker 2: Bloomberg Senior writer Stephanie Baker says Haley is slated to
Speaker 2: speak tomorrow well Nathan.
Speaker 1: The shooting is placed the Secret Service under harsh scrutiny.
Speaker 1: Trump allies have blasted the agency over its protection of
Speaker 1: the former president. The FBI is leading her probe into
Speaker 1: the events, which Director Christopher Ray says will be thorough.
Speaker 6: We have committed the full force of the FBI to
Speaker 6: this investigation. An attempt to assassinate a presidential candidate can
Speaker 6: only be described as absolutely despicable and will not be
Speaker 6: tolerated in this country.
Speaker 1: FBI Director Christopher Ray. Now the Secret Service will turn
Speaker 1: its attention to the Republican National Convention. The agency in
Speaker 1: cisro Bus. Security plans are in place in coordination with local, state,
Speaker 1: and federal law enforcement ahead of the arrival of over
Speaker 1: fifty thousand expected attendees in Milwaukee.
Speaker 2: Meanwhile, back in Pennsylvania, Karen investigators are hunting for any
Speaker 2: clues into what may have driven the suspect to try
Speaker 2: to assassinate Donald Trump. The shooter, who was taken out
Speaker 2: by Secret Service at the scene, has been identified as
Speaker 2: twenty year old Thomas Matthew Crooks. Kevin Rojack is the
Speaker 2: FBI special Agent in charge of the Pittsburgh Bureau.
Speaker 7: At this time, the information that we have indicates that
Speaker 7: the shooter acted alone. At present, we have not identified
Speaker 7: an ideology associated with the subject.
Speaker 2: Special Agent in charge Kevin Rojack says technical specialists are
Speaker 2: coming through all digital evidence, including Crooks's social media accounts.
Speaker 2: The FBI says he had bomb making materials in the
Speaker 2: car he brought to the rally, but his political leanings
Speaker 2: are not immediately clear. Records show Crooks was registered as
Speaker 2: a Republican voter in Pennsylvania.
Speaker 1: Well, Nathan, we are seeing a market reaction to the
Speaker 1: assassination attempt. The dollar now little change, treasuries falling as
Speaker 1: investors increase bets Trump will win the election. The moves
Speaker 1: reflect beliefs Trump will usher and looser fiscal policy and
Speaker 1: higher tariffs, which are generally viewed as likely to benefit
Speaker 1: the dollar, and weekend treasuries and shares of Trump's media
Speaker 1: company soaring in the pre market. Trump Media and Technology
Speaker 1: shares are currently up sixty one percent.
Speaker 2: As for other equities, Karen, the focus is going to
Speaker 2: be back on bank earnings. They continue this morning with
Speaker 2: Goldman Sachs reporting Alison Williams is a senior analyst at
Speaker 2: Bloomberg Intelligence.
Speaker 8: We are expecting to see some strong trading and fee
Speaker 8: revenue from Goldman Sachs this morning, and really the bar
Speaker 8: is even higher after some of the results that we
Speaker 8: saw on Friday, JP Morgan, who is the leader in
Speaker 8: trading and investment banking fees, reporting a gain of almost
Speaker 8: twenty percent. Really strong equities and strength and fees across
Speaker 8: M and A equity and debt underwriting. We expect these
Speaker 8: same sources of revenue are going to power Goldman Sacks
Speaker 8: and importantly, we'll be watching the market share for Goldman.
Speaker 8: The other benefit to Goldman is that they took a
Speaker 8: lot of impairment costs on their commercial real estate last year,
Speaker 8: so we feel like that has been cleaned up a
Speaker 8: bit and we're expecting to see a much cleaner result
Speaker 8: this quarter.
Speaker 2: Bloomberg Intelligence senior Analystallis and Williams says. Goldman's report this
Speaker 2: morning will be followed by Morgan, Stanley and Bank of
Speaker 2: America tomorrow.
Speaker 1: And it's time now for a look at some of
Speaker 1: the other stories making news in New York and around
Speaker 1: the world, and for that we're joined by Bloomberg's Michael Barr, Michael,
Speaker 1: good morning.
Speaker 5: Good morning, Karen. New Yorkers are reacting to the weekend
Speaker 5: attempt to assassinate former President Trump. The NYPD has increased
Speaker 5: presence in front of Trump Tower on Fifth Avenue. New
Speaker 5: York Mayor Eric Adams spoke at a news conference.
Speaker 9: What happens when a twenty year old reaches a point?
Speaker 9: Would they believe the only way to settle their political
Speaker 9: differences and disputes is to use a AR fifteen or
Speaker 9: AK forty seven or any other form of handgun or
Speaker 9: weapon that says a terrible message.
Speaker 5: Meanwhile, New York Republican lawmakers condemned President Biden and rhetoric
Speaker 5: from Democrats for the shooting. New York State Senator Andrew Lanza.
Speaker 2: When you convince people that someone is evil, there's going
Speaker 2: to be some maniac who wants to rid the world
Speaker 2: of evil.
Speaker 5: Audio courtesy of ABC seven. Supporters of former President Trump
Speaker 5: gathered in front of Trump Tower, many wearing red Make
Speaker 5: America Great Again caps and draped in the American flag.
Speaker 5: The NYPD has increased security in front of Trump Tower.
Speaker 5: This was a grim weekend as we've lost several celebrities.
Speaker 5: Beverly Hill's nine oh two to one zero star Shennan
Speaker 5: Doherty has died. Doherty, who lost your battle with breast cancer,
Speaker 5: was fifty three. James Siking of Hill Street Blues has died.
Speaker 5: His publicist says that Sicking died of complications from dementia
Speaker 5: at age ninety. Fitness guru Richard Simmons has died. His
Speaker 5: publicist says Simmons died to day after his seventy six birthday.
Speaker 5: And people are remembering the life and legacy of doctor Ruth,
Speaker 5: the sex therapist and talk show host whose methods discussing
Speaker 5: intimacy made of a pioneer. Doctor Ruth Wesheimer passed away
Speaker 5: in her New York City home over the weekend at
Speaker 5: the age of ninety six. According to new data from
Speaker 5: the World Health Organization and UNISEF, there has been some progress,
Speaker 5: but challenges achieving global immunization coverage remain. According to the WHO,
Speaker 5: assessing vaccination data from over one hundred ninety countries annually,
Speaker 5: things in twenty twenty three were pretty much the same
Speaker 5: as twenty twenty two. Doctor Fraim Lemongo, chief of Immunization
Speaker 5: at UNISEF, says they are still having areas of conflict
Speaker 5: in the world that are not recovering well, like.
Speaker 10: In Sudan, the continued fragility in Yemen.
Speaker 9: In Afghanistan, he's still continuing to affect children.
Speaker 5: About twenty one million children globally are still missing one
Speaker 5: or more vaccines. Global News twenty four hours a day
Speaker 5: and whenever you want it with the Bloomberg News. Now,
Speaker 5: I'm Michael Barr, and this is Bloomberg came all.
Speaker 1: Right, Michael Barr, thank you. It's time now for the
Speaker 1: Bloomberg Scores Update with John Stashawer. John, good morning.
Speaker 11: Hey, he's a late morning start in Baltimortning.
Speaker 10: When the rookie Ben Rice did a three run home
Speaker 10: at nineteen, let the Yanks would get a serious sweep
Speaker 10: and hit the All Star break in first place. Bottom
Speaker 10: of night, the Orioles loaded the bases off Clay Home Stield.
Speaker 10: The game should have ended with a routine ground ball
Speaker 10: and Anthony Volpi he bobbled it.
Speaker 11: The Yanks were still up a run with two help.
Speaker 11: We'll Claire out to left field. Starry. It is for
Speaker 11: gouging out to go back. He had to go back
Speaker 11: and he ducks it.
Speaker 1: Let us over his head and the oil slide is
Speaker 1: going in.
Speaker 11: Oh heard his in Richmond is in. But it is
Speaker 11: your hero Curials walking off.
Speaker 1: Six to five.
Speaker 10: Bal Holmes now headed Tomorrow's All Star Game in Texas
Speaker 10: spite a one to four record in the league, leading
Speaker 10: six blown saves. The Mets five game wins streak end
Speaker 10: in Colorado hit six home runs at City Field, three
Speaker 10: by Michael Tolio. The Rockies won eight to five. Phillies
Speaker 10: have the major's best record the break.
Speaker 11: They just lost to Oakland eighteen to three. The Eight's
Speaker 11: hit eight home runs, their most in twenty five years.
Speaker 11: Lawrence Butler hit three.
Speaker 10: Started the MLB draft, Cleveland's got the best record in
Speaker 10: the American League, had the first pick, having won the
Speaker 10: lottery despite having only two percent chance, and the Guardians
Speaker 10: took Travis Pazanna from Oregon State, first time ever a
Speaker 10: second baseman drafted first overall.
Speaker 11: Big Sports Day in Spain.
Speaker 10: First it was Carlos Alcarez winning Wimbledon for the second
Speaker 10: straight year, beat Novak Djokobit to the final both times,
Speaker 10: this one in straight sets.
Speaker 11: Alcarez is the sixth of.
Speaker 10: The Open era to win the French and Wimbled in
Speaker 10: the same year, and then Spain won the euro Soccer
Speaker 10: title for the fourth time, late goal to top England
Speaker 10: to the one key in the UK winless and major
Speaker 10: tournaments since it won the World Cup back in nineteen
Speaker 10: sixty six. The Copa America final was in Miami, wild
Speaker 10: scene before the game, many fans stormed in without tickets.
Speaker 10: That was a delay and then no goals until the
Speaker 10: one hundred and twelve minute Argentina.
Speaker 11: Scored an extra time to get by Columbia one nil.
Speaker 11: Jumps dash that wear Bloomberg Sports Karna.
Speaker 5: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 5: and around the world on Bloomberg dot Com and the
Speaker 5: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 11: Good Morning, got Nathan Hager.
Speaker 2: After the assassination attempt on former President Donald Trump, President
Speaker 2: Biden is looking to rise above the fray or.
Speaker 3: We may disagree. We are not enemies. We're neighbors. We're friends,
Speaker 3: co workers, citizens, and most importantly, we are fellow Americans.
Speaker 3: We must stand together.
Speaker 2: President took to the Oval Office with that message of
Speaker 2: unity last night, looking to revive his campaign against your
Speaker 2: Republican Party, now rallying firmly behind, it's now a wounded
Speaker 2: leader Donald Trump. For more, we were joined by Bloomberg's
Speaker 2: Kevin whitelaw veteran of Washington political coverage. Kevin, good morning.
Speaker 2: This is such a different moment in American politics. What
Speaker 2: stands out to you forty eight hours after the attempt
Speaker 2: on former President Trump's life.
Speaker 12: Well, obviously it has rewritten the race once again. But
Speaker 12: this is, of course a race. It's being rewritten almost
Speaker 12: every week in one way or another, so it's going
Speaker 12: to be a little while before we really understand the
Speaker 12: overall impact. I think that the violence was obviously shocking
Speaker 12: to everybody who watched that moment happen. In Trump's instincts
Speaker 12: for showmanship served him better than ever, you know, with
Speaker 12: his defiant fist pump and sort of that iconic photo
Speaker 12: that you're going to see over and over and over.
Speaker 12: I think the larger question going forward is obviously they
Speaker 12: both have to shift their tactics a little bit in
Speaker 12: the wake of this, and that's going to potentially constrain
Speaker 12: Joe Biden's ability to to sharpen and wield a tax
Speaker 12: on Trump. But obviously Trump is also going to have
Speaker 12: to decide if he wants to try to sort of
Speaker 12: keep a more a message of unity or continue this
Speaker 12: in the same sort of partisan, hyper partisan sort of
Speaker 12: attack mode that he seems most comfortable in.
Speaker 2: You know, we put so much more focus now on
Speaker 2: the Republican National Convention getting underway this morning. We're also
Speaker 2: hearing reports that the former president, as you alluded to,
Speaker 2: is revamping his acceptance speech to appeal for unity, even
Speaker 2: inviting Nicky Hayley to speak at the RNC tomorrow. I
Speaker 2: guess the basic question, Kevin, is how long does this pivot,
Speaker 2: these calls for unity last. I mean, we've still got
Speaker 2: months till November.
Speaker 11: Well, that's just it.
Speaker 12: And we do know that that, you know, we know
Speaker 12: where Donald Trump's instincts usually take him. And you know,
Speaker 12: so thinking back to the convention speech he gave in
Speaker 12: particularly in twenty sixteen, but even in twenty twenty, they
Speaker 12: were pretty dark and alarmist speeches. He may well be
Speaker 12: able to pivot for a little bit, but it's a
Speaker 12: little hard to see him necessarily being able to maintain
Speaker 12: it for all the way till November. And I think
Speaker 12: in the same way for President Biden. You know that
Speaker 12: that ability to sort of sharpen the knife and go
Speaker 12: after Trump in a and term. You know, ultimately that's
Speaker 12: probably the only path that Biden has to reelection is
Speaker 12: turning out the anti Trump vote. That's harder in the
Speaker 12: short term, but you know, memories fade, and he may
Speaker 12: well be able to re engage, particularly if Trump gives
Speaker 12: him an opening down the line.
Speaker 2: You know, it's been interesting as well to see President
Speaker 2: Biden out in the public spotlight even more now. We
Speaker 2: were expecting that he was going to engage further with
Speaker 2: the public, just to beat back those concerns that they're
Speaker 2: still lingering in the Democratic Party I think about the
Speaker 2: president's age and his mental fitness. I mean, he's going
Speaker 2: to be giving an interview still with Lester Whole tonight.
Speaker 11: Is that a good move?
Speaker 2: Do you think to keep up this sort of counter
Speaker 2: programming in some way to the president or for the president?
Speaker 12: Well, essentially, he's got to find a way to stay
Speaker 12: in the spotlight, and he's got to find a way
Speaker 12: for it to not just be about the latest gaff
Speaker 12: or or senior moment, and so he's going to have
Speaker 12: to do it. But obviously suddenly, you know, the attention
Speaker 12: is less focused on him on some level that may
Speaker 12: be helpful in the short term, but he still has
Speaker 12: to find ways to demonstrate time and time again that
Speaker 12: he's got the strength and fortitude to be able to
Speaker 12: make it through the campaign and then a four year term.
Speaker 12: So that's going to be a long, long road for him.
Speaker 12: It's obviously only gotten harder in many ways, and we
Speaker 12: still will have to wrestle with over the next couple
Speaker 12: couple of weeks the continuing questions about whether or not
Speaker 12: he needs to be replaced on the ticket. And you know,
Speaker 12: Democrats may find that that's a purely attractive, even more
Speaker 12: attractive idea as they try to desperately figure out how
Speaker 12: to change the narrative after this assassination attempt, But it
Speaker 12: also could just leave Biden even more dug in on
Speaker 12: him being the best one place to beat Trump.
Speaker 2: So in our last thirty seconds, Kevin, what's the one
Speaker 2: thing you're going to be looking for most closely as
Speaker 2: attention turns to Milwaukee this week?
Speaker 12: Well, I do think it's going to be what Donald
Speaker 12: Trump's new tone is, should he adopt it, and how
Speaker 12: long does it last after the convention when the spotlight
Speaker 12: has slightly moved on.
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