WEBVTT - Biden Calls for Unity; Trump Trade Gains Momentum

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>Good morning, I'm Nathan Hager and.

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<v Speaker 1>I'm Karen Moscow. Here are the stories we're following today.

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<v Speaker 2>Karen, we begin with a presidential race reshaped after the

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<v Speaker 2>assassination attempt on Donald Trump. The former president was shot

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<v Speaker 2>during a rally in Butler, Pennsylvania, on Saturday, days before

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<v Speaker 2>he accepts the nomination at the Republican National Convention this

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<v Speaker 2>week in Milwaukee, and now President Biden has used a

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<v Speaker 2>rare Oval office address to say this kind of violence

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<v Speaker 2>cannot be normalized.

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<v Speaker 3>A former president was shot, an American citizen killed while

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<v Speaker 3>simply exercising his freedom to support the candidate of his tuosing,

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<v Speaker 3>we cannot, we must not go down this road in America.

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<v Speaker 3>We've traveled before throughout our history. Violence has never been

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<v Speaker 3>the answer.

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<v Speaker 2>President Biden says Americans must resolve their differences at the

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<v Speaker 2>ballot box, not with bullets, and he says he'll continue

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<v Speaker 2>to draw a contrast between his vision for the country

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<v Speaker 2>and former President Trump's. The Biden campaign has paused TV

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<v Speaker 2>ads and canceled some events planned for today, but the

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<v Speaker 2>president still plans to sit for an interview with NBC's

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<v Speaker 2>Lester Holt tonight, and he'll also address black and Latino

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<v Speaker 2>groups in Las Vegas tomorrow.

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<v Speaker 4>Well.

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<v Speaker 1>Nathan Donald Trump says he has rewritten his Republican National

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<v Speaker 1>Convention speech to call for unity instead of focusing on

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<v Speaker 1>President Biden after he survived an assassination attempt. In an

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<v Speaker 1>interview with the conservative publication The Washington Examiner, Trump said, quote,

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<v Speaker 1>it is a chance to bring the country together. I

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<v Speaker 1>was given that chance.

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<v Speaker 5>Mean Karen.

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<v Speaker 2>Bloomberg News has also learned Trump called Nicki Haley his

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<v Speaker 2>one time rival in the twenty twenty four race, and

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<v Speaker 2>asked her to attend the convention Milwaukee. We get more

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<v Speaker 2>from Bloomberg Senior writer Stephanie Baker.

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<v Speaker 4>Does the convention and in some ways become more about

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<v Speaker 4>policy rather than attacking the Democrats. You know, I think

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<v Speaker 4>that remains to be seen. How you know what the

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<v Speaker 4>tone of that is. Already they've invited Nikki Haley, she

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<v Speaker 4>was not invited before the assassination attempt, and she is

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<v Speaker 4>expected to double down on this message of unity. So

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<v Speaker 4>I think already it's changed the tone of what looks

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<v Speaker 4>like a very important Republican National Convention.

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<v Speaker 2>Bloomberg Senior writer Stephanie Baker says Haley is slated to

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<v Speaker 2>speak tomorrow well Nathan.

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<v Speaker 1>The shooting is placed the Secret Service under harsh scrutiny.

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<v Speaker 1>Trump allies have blasted the agency over its protection of

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<v Speaker 1>the former president. The FBI is leading her probe into

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<v Speaker 1>the events, which Director Christopher Ray says will be thorough.

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<v Speaker 6>We have committed the full force of the FBI to

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<v Speaker 6>this investigation. An attempt to assassinate a presidential candidate can

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<v Speaker 6>only be described as absolutely despicable and will not be

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<v Speaker 6>tolerated in this country.

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<v Speaker 1>FBI Director Christopher Ray. Now the Secret Service will turn

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<v Speaker 1>its attention to the Republican National Convention. The agency in

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<v Speaker 1>cisro Bus. Security plans are in place in coordination with local, state,

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<v Speaker 1>and federal law enforcement ahead of the arrival of over

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<v Speaker 1>fifty thousand expected attendees in Milwaukee.

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<v Speaker 2>Meanwhile, back in Pennsylvania, Karen investigators are hunting for any

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<v Speaker 2>clues into what may have driven the suspect to try

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<v Speaker 2>to assassinate Donald Trump. The shooter, who was taken out

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<v Speaker 2>by Secret Service at the scene, has been identified as

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<v Speaker 2>twenty year old Thomas Matthew Crooks. Kevin Rojack is the

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<v Speaker 2>FBI special Agent in charge of the Pittsburgh Bureau.

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<v Speaker 7>At this time, the information that we have indicates that

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<v Speaker 7>the shooter acted alone. At present, we have not identified

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<v Speaker 7>an ideology associated with the subject.

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<v Speaker 2>Special Agent in charge Kevin Rojack says technical specialists are

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<v Speaker 2>coming through all digital evidence, including Crooks's social media accounts.

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<v Speaker 2>The FBI says he had bomb making materials in the

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<v Speaker 2>car he brought to the rally, but his political leanings

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<v Speaker 2>are not immediately clear. Records show Crooks was registered as

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<v Speaker 2>a Republican voter in Pennsylvania.

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<v Speaker 1>Well, Nathan, we are seeing a market reaction to the

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<v Speaker 1>assassination attempt. The dollar now little change, treasuries falling as

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<v Speaker 1>investors increase bets Trump will win the election. The moves

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<v Speaker 1>reflect beliefs Trump will usher and looser fiscal policy and

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<v Speaker 1>higher tariffs, which are generally viewed as likely to benefit

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<v Speaker 1>the dollar, and weekend treasuries and shares of Trump's media

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<v Speaker 1>company soaring in the pre market. Trump Media and Technology

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<v Speaker 1>shares are currently up sixty one percent.

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<v Speaker 2>As for other equities, Karen, the focus is going to

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<v Speaker 2>be back on bank earnings. They continue this morning with

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<v Speaker 2>Goldman Sachs reporting Alison Williams is a senior analyst at

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<v Speaker 2>Bloomberg Intelligence.

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<v Speaker 8>We are expecting to see some strong trading and fee

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<v Speaker 8>revenue from Goldman Sachs this morning, and really the bar

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<v Speaker 8>is even higher after some of the results that we

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<v Speaker 8>saw on Friday, JP Morgan, who is the leader in

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<v Speaker 8>trading and investment banking fees, reporting a gain of almost

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<v Speaker 8>twenty percent. Really strong equities and strength and fees across

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<v Speaker 8>M and A equity and debt underwriting. We expect these

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<v Speaker 8>same sources of revenue are going to power Goldman Sacks

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<v Speaker 8>and importantly, we'll be watching the market share for Goldman.

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<v Speaker 8>The other benefit to Goldman is that they took a

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<v Speaker 8>lot of impairment costs on their commercial real estate last year,

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<v Speaker 8>so we feel like that has been cleaned up a

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<v Speaker 8>bit and we're expecting to see a much cleaner result

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<v Speaker 8>this quarter.

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<v Speaker 2>Bloomberg Intelligence senior Analystallis and Williams says. Goldman's report this

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<v Speaker 2>morning will be followed by Morgan, Stanley and Bank of

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<v Speaker 2>America tomorrow.

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<v Speaker 1>And it's time now for a look at some of

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<v Speaker 1>the other stories making news in New York and around

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<v Speaker 1>the world, and for that we're joined by Bloomberg's Michael Barr, Michael,

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<v Speaker 1>good morning.

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<v Speaker 5>Good morning, Karen. New Yorkers are reacting to the weekend

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<v Speaker 5>attempt to assassinate former President Trump. The NYPD has increased

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<v Speaker 5>presence in front of Trump Tower on Fifth Avenue. New

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<v Speaker 5>York Mayor Eric Adams spoke at a news conference.

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<v Speaker 9>What happens when a twenty year old reaches a point?

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<v Speaker 9>Would they believe the only way to settle their political

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<v Speaker 9>differences and disputes is to use a AR fifteen or

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<v Speaker 9>AK forty seven or any other form of handgun or

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<v Speaker 9>weapon that says a terrible message.

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<v Speaker 5>Meanwhile, New York Republican lawmakers condemned President Biden and rhetoric

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<v Speaker 5>from Democrats for the shooting. New York State Senator Andrew Lanza.

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<v Speaker 2>When you convince people that someone is evil, there's going

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<v Speaker 2>to be some maniac who wants to rid the world

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<v Speaker 2>of evil.

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<v Speaker 5>Audio courtesy of ABC seven. Supporters of former President Trump

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<v Speaker 5>gathered in front of Trump Tower, many wearing red Make

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<v Speaker 5>America Great Again caps and draped in the American flag.

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<v Speaker 5>The NYPD has increased security in front of Trump Tower.

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<v Speaker 5>This was a grim weekend as we've lost several celebrities.

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<v Speaker 5>Beverly Hill's nine oh two to one zero star Shennan

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<v Speaker 5>Doherty has died. Doherty, who lost your battle with breast cancer,

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<v Speaker 5>was fifty three. James Siking of Hill Street Blues has died.

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<v Speaker 5>His publicist says that Sicking died of complications from dementia

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<v Speaker 5>at age ninety. Fitness guru Richard Simmons has died. His

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<v Speaker 5>publicist says Simmons died to day after his seventy six birthday.

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<v Speaker 5>And people are remembering the life and legacy of doctor Ruth,

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<v Speaker 5>the sex therapist and talk show host whose methods discussing

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<v Speaker 5>intimacy made of a pioneer. Doctor Ruth Wesheimer passed away

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<v Speaker 5>in her New York City home over the weekend at

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<v Speaker 5>the age of ninety six. According to new data from

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<v Speaker 5>the World Health Organization and UNISEF, there has been some progress,

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<v Speaker 5>but challenges achieving global immunization coverage remain. According to the WHO,

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<v Speaker 5>assessing vaccination data from over one hundred ninety countries annually,

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<v Speaker 5>things in twenty twenty three were pretty much the same

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<v Speaker 5>as twenty twenty two. Doctor Fraim Lemongo, chief of Immunization

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<v Speaker 5>at UNISEF, says they are still having areas of conflict

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<v Speaker 5>in the world that are not recovering well, like.

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<v Speaker 10>In Sudan, the continued fragility in Yemen.

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<v Speaker 9>In Afghanistan, he's still continuing to affect children.

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<v Speaker 5>About twenty one million children globally are still missing one

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<v Speaker 5>or more vaccines. Global News twenty four hours a day

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<v Speaker 5>and whenever you want it with the Bloomberg News. Now,

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<v Speaker 5>I'm Michael Barr, and this is Bloomberg came all.

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<v Speaker 1>Right, Michael Barr, thank you. It's time now for the

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<v Speaker 1>Bloomberg Scores Update with John Stashawer. John, good morning.

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<v Speaker 11>Hey, he's a late morning start in Baltimortning.

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<v Speaker 10>When the rookie Ben Rice did a three run home

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<v Speaker 10>at nineteen, let the Yanks would get a serious sweep

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<v Speaker 10>and hit the All Star break in first place. Bottom

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<v Speaker 10>of night, the Orioles loaded the bases off Clay Home Stield.

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<v Speaker 10>The game should have ended with a routine ground ball

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<v Speaker 10>and Anthony Volpi he bobbled it.

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<v Speaker 11>The Yanks were still up a run with two help.

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<v Speaker 11>We'll Claire out to left field. Starry. It is for

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<v Speaker 11>gouging out to go back. He had to go back

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<v Speaker 11>and he ducks it.

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<v Speaker 1>Let us over his head and the oil slide is

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<v Speaker 1>going in.

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<v Speaker 11>Oh heard his in Richmond is in. But it is

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<v Speaker 11>your hero Curials walking off.

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<v Speaker 1>Six to five.

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<v Speaker 10>Bal Holmes now headed Tomorrow's All Star Game in Texas

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<v Speaker 10>spite a one to four record in the league, leading

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<v Speaker 10>six blown saves. The Mets five game wins streak end

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<v Speaker 10>in Colorado hit six home runs at City Field, three

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<v Speaker 10>by Michael Tolio. The Rockies won eight to five. Phillies

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<v Speaker 10>have the major's best record the break.

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<v Speaker 11>They just lost to Oakland eighteen to three. The Eight's

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<v Speaker 11>hit eight home runs, their most in twenty five years.

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<v Speaker 11>Lawrence Butler hit three.

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<v Speaker 10>Started the MLB draft, Cleveland's got the best record in

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<v Speaker 10>the American League, had the first pick, having won the

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<v Speaker 10>lottery despite having only two percent chance, and the Guardians

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<v Speaker 10>took Travis Pazanna from Oregon State, first time ever a

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<v Speaker 10>second baseman drafted first overall.

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<v Speaker 11>Big Sports Day in Spain.

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<v Speaker 10>First it was Carlos Alcarez winning Wimbledon for the second

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<v Speaker 10>straight year, beat Novak Djokobit to the final both times,

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<v Speaker 10>this one in straight sets.

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<v Speaker 11>Alcarez is the sixth of.

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<v Speaker 10>The Open era to win the French and Wimbled in

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<v Speaker 10>the same year, and then Spain won the euro Soccer

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<v Speaker 10>title for the fourth time, late goal to top England

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<v Speaker 10>to the one key in the UK winless and major

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<v Speaker 10>tournaments since it won the World Cup back in nineteen

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<v Speaker 10>sixty six. The Copa America final was in Miami, wild

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<v Speaker 10>scene before the game, many fans stormed in without tickets.

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<v Speaker 10>That was a delay and then no goals until the

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<v Speaker 10>one hundred and twelve minute Argentina.

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<v Speaker 11>Scored an extra time to get by Columbia one nil.

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<v Speaker 11>Jumps dash that wear Bloomberg Sports Karna.

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<v Speaker 5>Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

0:10:27.320 --> 0:10:30.240
<v Speaker 5>and around the world on Bloomberg dot Com and the

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<v Speaker 5>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 11>Good Morning, got Nathan Hager.

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<v Speaker 2>After the assassination attempt on former President Donald Trump, President

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<v Speaker 2>Biden is looking to rise above the fray or.

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<v Speaker 3>We may disagree. We are not enemies. We're neighbors. We're friends,

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<v Speaker 3>co workers, citizens, and most importantly, we are fellow Americans.

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<v Speaker 3>We must stand together.

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<v Speaker 2>President took to the Oval Office with that message of

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<v Speaker 2>unity last night, looking to revive his campaign against your

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<v Speaker 2>Republican Party, now rallying firmly behind, it's now a wounded

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<v Speaker 2>leader Donald Trump. For more, we were joined by Bloomberg's

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<v Speaker 2>Kevin whitelaw veteran of Washington political coverage. Kevin, good morning.

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<v Speaker 2>This is such a different moment in American politics. What

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<v Speaker 2>stands out to you forty eight hours after the attempt

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<v Speaker 2>on former President Trump's life.

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<v Speaker 12>Well, obviously it has rewritten the race once again. But

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<v Speaker 12>this is, of course a race. It's being rewritten almost

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<v Speaker 12>every week in one way or another, so it's going

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<v Speaker 12>to be a little while before we really understand the

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<v Speaker 12>overall impact. I think that the violence was obviously shocking

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<v Speaker 12>to everybody who watched that moment happen. In Trump's instincts

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<v Speaker 12>for showmanship served him better than ever, you know, with

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<v Speaker 12>his defiant fist pump and sort of that iconic photo

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<v Speaker 12>that you're going to see over and over and over.

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<v Speaker 12>I think the larger question going forward is obviously they

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<v Speaker 12>both have to shift their tactics a little bit in

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<v Speaker 12>the wake of this, and that's going to potentially constrain

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<v Speaker 12>Joe Biden's ability to to sharpen and wield a tax

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<v Speaker 12>on Trump. But obviously Trump is also going to have

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<v Speaker 12>to decide if he wants to try to sort of

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<v Speaker 12>keep a more a message of unity or continue this

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<v Speaker 12>in the same sort of partisan, hyper partisan sort of

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<v Speaker 12>attack mode that he seems most comfortable in.

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<v Speaker 2>You know, we put so much more focus now on

0:12:28.920 --> 0:12:32.760
<v Speaker 2>the Republican National Convention getting underway this morning. We're also

0:12:32.960 --> 0:12:36.200
<v Speaker 2>hearing reports that the former president, as you alluded to,

0:12:36.520 --> 0:12:41.480
<v Speaker 2>is revamping his acceptance speech to appeal for unity, even

0:12:41.520 --> 0:12:45.240
<v Speaker 2>inviting Nicky Hayley to speak at the RNC tomorrow. I

0:12:45.240 --> 0:12:50.560
<v Speaker 2>guess the basic question, Kevin, is how long does this pivot,

0:12:50.600 --> 0:12:53.480
<v Speaker 2>these calls for unity last. I mean, we've still got

0:12:53.520 --> 0:12:54.600
<v Speaker 2>months till November.

0:12:54.800 --> 0:12:55.680
<v Speaker 11>Well, that's just it.

0:12:55.760 --> 0:12:58.200
<v Speaker 12>And we do know that that, you know, we know

0:12:58.240 --> 0:13:01.960
<v Speaker 12>where Donald Trump's instincts usually take him. And you know,

0:13:02.280 --> 0:13:05.800
<v Speaker 12>so thinking back to the convention speech he gave in

0:13:06.240 --> 0:13:09.720
<v Speaker 12>particularly in twenty sixteen, but even in twenty twenty, they

0:13:09.760 --> 0:13:15.640
<v Speaker 12>were pretty dark and alarmist speeches. He may well be

0:13:15.720 --> 0:13:17.720
<v Speaker 12>able to pivot for a little bit, but it's a

0:13:17.920 --> 0:13:21.040
<v Speaker 12>little hard to see him necessarily being able to maintain

0:13:21.080 --> 0:13:23.840
<v Speaker 12>it for all the way till November. And I think

0:13:23.840 --> 0:13:27.360
<v Speaker 12>in the same way for President Biden. You know that

0:13:27.600 --> 0:13:30.040
<v Speaker 12>that ability to sort of sharpen the knife and go

0:13:30.160 --> 0:13:34.320
<v Speaker 12>after Trump in a and term. You know, ultimately that's

0:13:34.360 --> 0:13:37.000
<v Speaker 12>probably the only path that Biden has to reelection is

0:13:37.520 --> 0:13:40.400
<v Speaker 12>turning out the anti Trump vote. That's harder in the

0:13:40.440 --> 0:13:44.559
<v Speaker 12>short term, but you know, memories fade, and he may

0:13:44.600 --> 0:13:47.840
<v Speaker 12>well be able to re engage, particularly if Trump gives

0:13:47.920 --> 0:13:49.640
<v Speaker 12>him an opening down the line.

0:13:49.880 --> 0:13:52.200
<v Speaker 2>You know, it's been interesting as well to see President

0:13:52.280 --> 0:13:54.760
<v Speaker 2>Biden out in the public spotlight even more now. We

0:13:54.760 --> 0:13:58.360
<v Speaker 2>were expecting that he was going to engage further with

0:13:58.440 --> 0:14:01.480
<v Speaker 2>the public, just to beat back those concerns that they're

0:14:01.559 --> 0:14:04.520
<v Speaker 2>still lingering in the Democratic Party I think about the

0:14:04.520 --> 0:14:08.560
<v Speaker 2>president's age and his mental fitness. I mean, he's going

0:14:08.640 --> 0:14:12.360
<v Speaker 2>to be giving an interview still with Lester Whole tonight.

0:14:12.720 --> 0:14:13.920
<v Speaker 11>Is that a good move?

0:14:14.240 --> 0:14:17.920
<v Speaker 2>Do you think to keep up this sort of counter

0:14:18.000 --> 0:14:21.280
<v Speaker 2>programming in some way to the president or for the president?

0:14:21.320 --> 0:14:23.240
<v Speaker 12>Well, essentially, he's got to find a way to stay

0:14:23.280 --> 0:14:25.720
<v Speaker 12>in the spotlight, and he's got to find a way

0:14:25.920 --> 0:14:29.080
<v Speaker 12>for it to not just be about the latest gaff

0:14:29.520 --> 0:14:32.040
<v Speaker 12>or or senior moment, and so he's going to have

0:14:32.080 --> 0:14:36.120
<v Speaker 12>to do it. But obviously suddenly, you know, the attention

0:14:36.240 --> 0:14:38.760
<v Speaker 12>is less focused on him on some level that may

0:14:38.800 --> 0:14:41.360
<v Speaker 12>be helpful in the short term, but he still has

0:14:41.400 --> 0:14:43.840
<v Speaker 12>to find ways to demonstrate time and time again that

0:14:43.920 --> 0:14:47.560
<v Speaker 12>he's got the strength and fortitude to be able to

0:14:48.000 --> 0:14:50.720
<v Speaker 12>make it through the campaign and then a four year term.

0:14:51.040 --> 0:14:53.320
<v Speaker 12>So that's going to be a long, long road for him.

0:14:53.600 --> 0:14:57.640
<v Speaker 12>It's obviously only gotten harder in many ways, and we

0:14:57.800 --> 0:15:00.000
<v Speaker 12>still will have to wrestle with over the next couple

0:15:00.000 --> 0:15:02.600
<v Speaker 12>couple of weeks the continuing questions about whether or not

0:15:02.920 --> 0:15:06.200
<v Speaker 12>he needs to be replaced on the ticket. And you know,

0:15:06.280 --> 0:15:11.120
<v Speaker 12>Democrats may find that that's a purely attractive, even more

0:15:11.120 --> 0:15:13.680
<v Speaker 12>attractive idea as they try to desperately figure out how

0:15:13.680 --> 0:15:18.280
<v Speaker 12>to change the narrative after this assassination attempt, But it

0:15:18.360 --> 0:15:21.000
<v Speaker 12>also could just leave Biden even more dug in on

0:15:22.080 --> 0:15:24.920
<v Speaker 12>him being the best one place to beat Trump.

0:15:25.160 --> 0:15:27.320
<v Speaker 2>So in our last thirty seconds, Kevin, what's the one

0:15:27.360 --> 0:15:29.720
<v Speaker 2>thing you're going to be looking for most closely as

0:15:29.880 --> 0:15:31.840
<v Speaker 2>attention turns to Milwaukee this week?

0:15:32.320 --> 0:15:34.680
<v Speaker 12>Well, I do think it's going to be what Donald

0:15:34.720 --> 0:15:39.560
<v Speaker 12>Trump's new tone is, should he adopt it, and how

0:15:39.600 --> 0:15:43.720
<v Speaker 12>long does it last after the convention when the spotlight

0:15:43.760 --> 0:15:44.680
<v Speaker 12>has slightly moved on.

0:15:44.880 --> 0:15:47.640
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