1
00:00:00,160 --> 00:00:12,080
Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan

2
00:00:12,119 --> 00:00:15,080
Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

3
00:00:15,120 --> 00:00:15,920
Speaker 1: following today.

4
00:00:16,239 --> 00:00:19,360
Speaker 2: Karen, we begin in Chicago. After the first night of

5
00:00:19,400 --> 00:00:23,799
Speaker 2: the Democratic National Convention, President Joe Biden delivered an emotional

6
00:00:23,840 --> 00:00:26,880
Speaker 2: and bitter sweet call for his fellow Democrats to rally

7
00:00:26,920 --> 00:00:30,400
Speaker 2: behind his Vice President, Kamala Harris. The President touted his

8
00:00:30,480 --> 00:00:33,880
Speaker 2: legacy while passing the torch to a new generation of Democrats.

9
00:00:34,240 --> 00:00:38,559
Speaker 3: I spent the honor of my lifetime the servers or President.

10
00:00:39,560 --> 00:00:42,880
Speaker 3: I love the job, but I love my country more.

11
00:00:43,560 --> 00:00:46,400
Speaker 2: President Biden also pleaded with voters to keep fighting what

12
00:00:46,440 --> 00:00:49,280
Speaker 2: he called the dangerous ideas of Donald Trump. He said,

13
00:00:49,280 --> 00:00:51,840
Speaker 2: the Republican nominee is a threat to democracy.

14
00:00:52,240 --> 00:01:05,000
Speaker 4: Democracy is prevailed, democracy, democras head delivered, and now democracy

15
00:01:05,160 --> 00:01:06,360
Speaker 4: must be preserved.

16
00:01:08,280 --> 00:01:11,440
Speaker 2: President Biden cast his decision to exit the race as

17
00:01:11,560 --> 00:01:14,840
Speaker 2: the natural conclusion of a five decade political career. The

18
00:01:14,920 --> 00:01:18,040
Speaker 2: president did face intense pressure from Democrats and owners to

19
00:01:18,080 --> 00:01:22,000
Speaker 2: step aside following his disastrous debate performance earlier this summer.

20
00:01:22,640 --> 00:01:26,200
Speaker 1: And Nathan Biden's speech followed a surprise appearance on stage

21
00:01:26,280 --> 00:01:29,480
Speaker 1: from Vice President Kamala Harris, who thanked Biden for his

22
00:01:29,640 --> 00:01:30,600
Speaker 1: service to the country.

23
00:01:31,160 --> 00:01:35,760
Speaker 5: Joe, thank you for your historic leadership, for your lifetime

24
00:01:35,800 --> 00:01:38,720
Speaker 5: of service to our nation, and for all you will

25
00:01:38,840 --> 00:01:42,280
Speaker 5: continue to do. We are forever grateful to you.

26
00:01:43,240 --> 00:01:47,040
Speaker 1: Vice President Harris also called Joe Biden an incredible President.

27
00:01:47,200 --> 00:01:49,960
Speaker 1: Biden said choosing Harris as his running mate was the

28
00:01:50,040 --> 00:01:52,560
Speaker 1: best decision of his whole political career and.

29
00:01:52,640 --> 00:01:56,080
Speaker 2: Karen former Secretary of State, Hillary Clinton, spoke last night

30
00:01:56,120 --> 00:01:58,520
Speaker 2: as well. She is the only woman, aside from Harris,

31
00:01:58,600 --> 00:02:01,560
Speaker 2: to lead a major presidential party ticket, and Clinton called

32
00:02:01,560 --> 00:02:04,480
Speaker 2: on Democrats to help Harris break through the glass ceiling.

33
00:02:05,000 --> 00:02:06,960
Speaker 3: She will be a fighter for us.

34
00:02:07,560 --> 00:02:11,919
Speaker 6: She will fight to lower costs for hardworking families, open

35
00:02:12,040 --> 00:02:16,519
Speaker 6: the doors why for good paying jobs, and yes, she

36
00:02:16,840 --> 00:02:20,560
Speaker 6: will restore abortion rights nationwide.

37
00:02:21,760 --> 00:02:25,760
Speaker 2: Hillary Clinton also thanked President Biden, saying he brought dignity, decency,

38
00:02:25,880 --> 00:02:27,680
Speaker 2: and confidence back to the White House.

39
00:02:28,080 --> 00:02:31,839
Speaker 1: Well Nathan Donald Trump is downplaying recent criticism that he's

40
00:02:31,960 --> 00:02:35,880
Speaker 1: undercutting the Fed's autonomy with statements about policy, and Bloomberg's

41
00:02:35,919 --> 00:02:37,239
Speaker 1: Ed Baxter has that story.

42
00:02:37,720 --> 00:02:40,399
Speaker 7: Trump says he thinks it's fine for a president to talk.

43
00:02:40,800 --> 00:02:43,320
Speaker 7: He says it doesn't mean they have to listen. In

44
00:02:43,400 --> 00:02:46,440
Speaker 7: an interview with Bloomberg, Trump says he job owned over

45
00:02:46,560 --> 00:02:50,239
Speaker 7: interest rates with FED chair Jerome Powell. He also says, quote,

46
00:02:50,520 --> 00:02:53,959
Speaker 7: a president certainly can be talking about interest rates because

47
00:02:54,320 --> 00:02:57,600
Speaker 7: I think I have very good instincts. That doesn't mean

48
00:02:57,680 --> 00:03:00,280
Speaker 7: I'm calling the shot, but it does mean I have

49
00:03:00,360 --> 00:03:02,120
Speaker 7: the right to be able to talk about it like

50
00:03:02,200 --> 00:03:06,400
Speaker 7: anybody else. Hi mortgage rates have become a campaign issue,

51
00:03:06,440 --> 00:03:09,600
Speaker 7: with Vice Kamala Harris on veiling her plan to make

52
00:03:09,680 --> 00:03:13,760
Speaker 7: housing more affordable last week at Backshirt Bloomberg Radio, all.

53
00:03:13,680 --> 00:03:14,200
Speaker 8: Right and thank you.

54
00:03:14,360 --> 00:03:17,720
Speaker 2: US intelligence agencies are speaking about the Trump campaign, saying

55
00:03:17,760 --> 00:03:21,160
Speaker 2: they're confident Iran is behind a recent hack of the operation.

56
00:03:21,639 --> 00:03:25,560
Speaker 2: Investigators think the attackers gained access to internal documents relating

57
00:03:25,600 --> 00:03:27,919
Speaker 2: to the former president. They say they also tried to

58
00:03:27,960 --> 00:03:31,080
Speaker 2: hack the Democratic Party, but it's unclear whether that succeeded.

59
00:03:31,560 --> 00:03:34,320
Speaker 1: Now Nathan to the latest on the Israel Hamas war.

60
00:03:34,520 --> 00:03:38,520
Speaker 1: After his DNC speech, President Biden said he remains hopeful

61
00:03:38,560 --> 00:03:39,960
Speaker 1: about a ceasefire deal.

62
00:03:40,680 --> 00:03:43,240
Speaker 3: It's still a pleasure, but.

63
00:03:44,920 --> 00:03:48,280
Speaker 8: You can't predict for this joy so far.

64
00:03:49,400 --> 00:03:53,040
Speaker 3: Isnel says they can work about as they prepared, but

65
00:03:53,440 --> 00:03:55,480
Speaker 3: I was gold I'm off with now back on all,

66
00:03:56,400 --> 00:03:59,040
Speaker 3: but it makes me see he's going to keep pushing.

67
00:03:59,320 --> 00:04:02,720
Speaker 1: And the President and spoke with reporters before leaving Chicago. No.

68
00:04:02,840 --> 00:04:05,800
Speaker 2: Secretary of State Antony Blincoln is in the Middle East, Karen.

69
00:04:05,840 --> 00:04:09,000
Speaker 2: He says Israel has accepted a ceasefire proposal and now

70
00:04:09,040 --> 00:04:10,960
Speaker 2: he's pressuring Hamas to do the same.

71
00:04:11,360 --> 00:04:14,200
Speaker 9: The fierce urgency of now, that's what I think we're

72
00:04:14,240 --> 00:04:16,400
Speaker 9: all feeling. And we do see this as the best

73
00:04:16,440 --> 00:04:18,520
Speaker 9: opportunity to finally get this over the finish line.

74
00:04:19,080 --> 00:04:20,080
Speaker 7: We'll never give up on it.

75
00:04:20,200 --> 00:04:23,840
Speaker 9: But the challenges the longer this goes on, the more

76
00:04:24,160 --> 00:04:27,640
Speaker 9: hostages will suffer and possibly perish, and the more other

77
00:04:27,760 --> 00:04:30,920
Speaker 9: things happen that could make things impossible.

78
00:04:31,480 --> 00:04:34,120
Speaker 2: Secretary of State Blinken will travel next from Israel to

79
00:04:34,279 --> 00:04:37,120
Speaker 2: Egypt and Katar to meet with leaders there about next steps.

80
00:04:37,520 --> 00:04:40,840
Speaker 2: Iran and hez Bellah have vowed to retaliate against Israel

81
00:04:40,920 --> 00:04:43,919
Speaker 2: for recent assassinations they say it committed, and.

82
00:04:44,000 --> 00:04:47,520
Speaker 1: Overnight Nathan Israel said it recovered the bodies of six

83
00:04:47,640 --> 00:04:51,080
Speaker 1: male hostages and an operation around the city of khanyunis

84
00:04:51,400 --> 00:04:54,360
Speaker 1: Israeli Prime Minister Benjamin Etanyel, who's said his country will

85
00:04:54,440 --> 00:04:57,360
Speaker 1: make every effort to return all hostages, both the living

86
00:04:57,440 --> 00:05:01,240
Speaker 1: and dead. Of the remaining Hamas Davis, at least forty

87
00:05:01,640 --> 00:05:02,640
Speaker 1: are thought to be dead.

88
00:05:03,080 --> 00:05:04,840
Speaker 2: Karen, we would turn now to the latest on a

89
00:05:04,920 --> 00:05:08,600
Speaker 2: deadly incident off the coast of Sicily. Morgan Stanley International

90
00:05:08,680 --> 00:05:11,719
Speaker 2: chairman Jonathan Bloomer is among those now confirmed missing after

91
00:05:11,760 --> 00:05:14,960
Speaker 2: a yacht sank and a violent storm, along with British

92
00:05:15,000 --> 00:05:18,039
Speaker 2: tech entrepreneur Mike Lynch and his family members. The Italian

93
00:05:18,120 --> 00:05:20,960
Speaker 2: Coast Guard is leading search operations and has confirmed one

94
00:05:21,000 --> 00:05:25,280
Speaker 2: person has died. Italian journalist Angela Correas explains how the

95
00:05:25,360 --> 00:05:26,360
Speaker 2: vessel got in trouble.

96
00:05:26,800 --> 00:05:31,000
Speaker 10: According to the eyewitnesses, the sailed boat was moored and

97
00:05:31,120 --> 00:05:34,160
Speaker 10: also not far from the port, so it wouldn't.

98
00:05:33,800 --> 00:05:35,559
Speaker 3: Have taken him long to go to the port.

99
00:05:35,880 --> 00:05:40,240
Speaker 10: Just probably they were caught suddenly by a wind a tornado,

100
00:05:40,600 --> 00:05:43,040
Speaker 10: and this is why the boat come sized.

101
00:05:43,240 --> 00:05:46,440
Speaker 2: Italian journalist Angela Corea says Mike Lynch had recently been

102
00:05:46,480 --> 00:05:50,400
Speaker 2: found not guilty in San Francisco over accusations he committed

103
00:05:50,440 --> 00:05:53,679
Speaker 2: Silicon Valley's biggest ever fraud during the eleven billion dollars

104
00:05:53,680 --> 00:05:56,120
Speaker 2: sale of his company to Hewlett Packard in twenty eleven.

105
00:05:56,640 --> 00:05:58,520
Speaker 1: Well, Nathan, we want to turn to the markets now,

106
00:05:58,600 --> 00:06:01,360
Speaker 1: and stocks pushed higher yes yesterday, adding to a rally

107
00:06:01,440 --> 00:06:04,760
Speaker 1: that's already top three trillion dollars from this month's lows,

108
00:06:05,040 --> 00:06:07,240
Speaker 1: I mean bests. The Fed will signal it's ready to

109
00:06:07,320 --> 00:06:10,080
Speaker 1: start cutting interest rates. The S and P five hundred

110
00:06:10,120 --> 00:06:13,159
Speaker 1: has advanced for eight straight days, its longest winning streak

111
00:06:13,200 --> 00:06:16,000
Speaker 1: of the year. Wall Street is looking ahead to Friday's

112
00:06:16,120 --> 00:06:19,120
Speaker 1: Jackson Hole speech from the FED Chair J Powell and

113
00:06:19,240 --> 00:06:23,520
Speaker 1: Nadia Lovell, as senior strategist at UBS Financial Services, we

114
00:06:23,680 --> 00:06:24,560
Speaker 1: want to hear from.

115
00:06:24,480 --> 00:06:27,320
Speaker 5: Chair and Powell and how he's interpreting the data and

116
00:06:27,400 --> 00:06:29,640
Speaker 5: whether will start to get some smoke signals on the

117
00:06:29,720 --> 00:06:33,120
Speaker 5: potential rate cut in September. Certainly, some of the committee

118
00:06:33,160 --> 00:06:34,960
Speaker 5: members have been coming out and some of the governors

119
00:06:35,000 --> 00:06:36,960
Speaker 5: have been coming out suggesting that we could start to

120
00:06:36,960 --> 00:06:39,040
Speaker 5: see the cutting cycle in September, which we do believe

121
00:06:39,120 --> 00:06:39,560
Speaker 5: will start.

122
00:06:40,000 --> 00:06:42,960
Speaker 1: Nadia level of UBS says, the August jobs report is

123
00:06:43,000 --> 00:06:48,720
Speaker 1: the next big data point for the FED, and it's

124
00:06:48,760 --> 00:06:50,000
Speaker 1: time now for a look at some of the other

125
00:06:50,120 --> 00:06:52,680
Speaker 1: stories making news in New York and around the world.

126
00:06:52,800 --> 00:06:56,200
Speaker 1: For that, we're joined by Bloomberg's Denise Pella Greeney. Good morning, Denise,

127
00:06:56,279 --> 00:06:56,920
Speaker 1: Good morning to you.

128
00:06:57,040 --> 00:07:02,000
Speaker 11: New York Congresswoman Alexandria Okaziokot delivering a blistering speech at

129
00:07:02,040 --> 00:07:05,279
Speaker 11: the Democratic National Convention in Chicago, talking about the difference

130
00:07:05,480 --> 00:07:09,040
Speaker 11: between former President Trump and Vice President Kamala Harris and

131
00:07:09,279 --> 00:07:14,240
Speaker 11: I go one and tired of hearing about how a

132
00:07:14,440 --> 00:07:15,080
Speaker 11: two bit.

133
00:07:15,240 --> 00:07:18,360
Speaker 1: Union buster thinks of himself as more of a patriot

134
00:07:18,760 --> 00:07:21,880
Speaker 1: than the woman who fights every.

135
00:07:21,720 --> 00:07:25,480
Speaker 11: Single day and AOC also saying Trump would sell the

136
00:07:25,520 --> 00:07:28,040
Speaker 11: country for a dollar if it meant lining his own

137
00:07:28,080 --> 00:07:31,720
Speaker 11: pockets and greasing the palms of Wall Street friends. Disgraced

138
00:07:31,720 --> 00:07:35,280
Speaker 11: former New York Congressman George Santos, pleading guilty to wire

139
00:07:35,360 --> 00:07:38,840
Speaker 11: fraud and identity theft charges and also admitting to other

140
00:07:38,960 --> 00:07:41,800
Speaker 11: crimes as part of the terms of a plea agreement

141
00:07:41,880 --> 00:07:43,720
Speaker 11: with prosecutors.

142
00:07:43,240 --> 00:07:46,240
Speaker 12: Discarded me now that tile oud ambission.

143
00:07:46,560 --> 00:07:49,680
Speaker 2: It's a cloud my judgment leading me to make decisions

144
00:07:49,720 --> 00:07:51,120
Speaker 2: that were unethical.

145
00:07:51,240 --> 00:07:54,440
Speaker 11: And Santos to reporters outside the Long Island Courthouse after

146
00:07:54,680 --> 00:07:57,200
Speaker 11: entering his plea. He faces at least two years in

147
00:07:57,320 --> 00:07:59,760
Speaker 11: prison and must pay more than a half million dollars

148
00:07:59,760 --> 00:08:01,560
Speaker 11: in restitution and forfeitures.

149
00:08:01,880 --> 00:08:02,280
Speaker 7: Robert F.

150
00:08:02,360 --> 00:08:04,560
Speaker 11: Kennedy Junior expected to appear in court today in his

151
00:08:04,680 --> 00:08:06,400
Speaker 11: fight to get on the ballot for president in the

152
00:08:06,440 --> 00:08:10,400
Speaker 11: battleground state of Pennsylvania. Democrats angling to force him off

153
00:08:10,800 --> 00:08:13,320
Speaker 11: in what is expected to be a closely contested race.

154
00:08:13,360 --> 00:08:14,840
Speaker 11: More from Bloomberg' Jeff Bellinger.

155
00:08:15,240 --> 00:08:19,680
Speaker 10: Democratic Party aligned challengers say Kennedy's candidacy paperwork states a

156
00:08:19,760 --> 00:08:23,640
Speaker 10: false home address, but Kennedy's campaign has dismissed the legal

157
00:08:23,800 --> 00:08:27,920
Speaker 10: challenge as frivolous. Kennedy is also appealing a judge's decision

158
00:08:28,000 --> 00:08:31,720
Speaker 10: in New York last week that rejected his nominating petitions

159
00:08:31,800 --> 00:08:36,760
Speaker 10: because his listed address was a quote sham address. Pennsylvania

160
00:08:36,840 --> 00:08:40,920
Speaker 10: has nineteen electoral votes, tied with Illinois for the fifth most.

161
00:08:41,360 --> 00:08:43,559
Speaker 10: Jeff Bellinger Bloomberg Radio.

162
00:08:43,679 --> 00:08:46,400
Speaker 11: And Connecticut Governor Ned Lamont has declared a state of

163
00:08:46,480 --> 00:08:49,880
Speaker 11: emergency in his state. That's after Moore rain yesterday. Following

164
00:08:49,920 --> 00:08:53,199
Speaker 11: those flash floods and landslides in the state and other

165
00:08:53,240 --> 00:08:55,800
Speaker 11: part of the northeast Sunday, several people killed in the

166
00:08:55,880 --> 00:08:59,000
Speaker 11: Connecticut storm. Global news twenty four hours a day and

167
00:08:59,040 --> 00:09:00,520
Speaker 11: whatever you want it Withburg News.

168
00:09:00,600 --> 00:09:00,720
Speaker 1: Now.

169
00:09:01,000 --> 00:09:03,240
Speaker 11: I'm Denise Pelligriny. This is Bloomberg.

170
00:09:03,840 --> 00:09:10,719
Speaker 1: All right, Denise, thank you. It's time now for the

171
00:09:10,760 --> 00:09:14,640
Speaker 1: Bloomberg Sports Update with John stash Hour, John Gon Morning.

172
00:09:14,440 --> 00:09:17,080
Speaker 13: Good morning, Garen, Mets and Orioles at Cityfield. Met get

173
00:09:17,160 --> 00:09:19,920
Speaker 13: a two run first ending homer from J. D. Martinez.

174
00:09:20,040 --> 00:09:22,959
Speaker 13: Gordigan in the fourth didn't score or even have another

175
00:09:23,080 --> 00:09:25,280
Speaker 13: hit until the bottom of the ninth with the game

176
00:09:25,400 --> 00:09:27,080
Speaker 13: tie the three the three.

177
00:09:27,040 --> 00:09:28,960
Speaker 4: Ohs one on fifty to left center.

178
00:09:29,280 --> 00:09:30,120
Speaker 3: This might do it.

179
00:09:30,400 --> 00:09:34,920
Speaker 1: Back here the wall it is John put up the Bucks.

180
00:09:35,280 --> 00:09:39,400
Speaker 3: Francisco Alvarez were a towering game, wedning.

181
00:09:39,240 --> 00:09:44,720
Speaker 13: Hold Rod wc Mes themes despite striking and half fourteen times,

182
00:09:44,760 --> 00:09:46,520
Speaker 13: beat Baltimore four to three. And they also got good

183
00:09:46,559 --> 00:09:49,319
Speaker 13: news on Brandon Neimo Mri and his shoulder came back

184
00:09:49,400 --> 00:09:51,360
Speaker 13: clean that we didn't play last night's day to day

185
00:09:51,440 --> 00:09:55,080
Speaker 13: Yankees in the AL Central leading Cleveland Guardians tonight at

186
00:09:55,080 --> 00:09:57,240
Speaker 13: the Stadium. The Yanks in their last thirty home games

187
00:09:57,640 --> 00:10:00,520
Speaker 13: just eleven and nineteen. AL West leading half Stros made

188
00:10:00,520 --> 00:10:02,600
Speaker 13: it eleven to last twelve. They beat the Red Sox

189
00:10:02,679 --> 00:10:05,839
Speaker 13: five to four Astros also for the walk off home

190
00:10:05,920 --> 00:10:08,880
Speaker 13: run bottom of the ninth. As expected, the Washington Commanders

191
00:10:08,960 --> 00:10:12,400
Speaker 13: named rookie Jayden Daniels their Week one starting quarterback, which

192
00:10:12,440 --> 00:10:15,760
Speaker 13: means Washington over the last eight seasons has had eight

193
00:10:15,920 --> 00:10:18,760
Speaker 13: different Week one starting qbs. In New England, the feeling

194
00:10:18,920 --> 00:10:21,680
Speaker 13: was the Patriots would use veteran Jacoby Prissett to begin

195
00:10:21,800 --> 00:10:25,079
Speaker 13: the season, not rookie Drake May. Now new coach Gerrod

196
00:10:25,160 --> 00:10:28,240
Speaker 13: Mayo not ruling out using May at the start. As

197
00:10:28,320 --> 00:10:31,520
Speaker 13: for Giants starting QB, Daniel Jones had that miserable first

198
00:10:31,600 --> 00:10:34,760
Speaker 13: quarter in Houston this past Saturday, two interceptions, including a

199
00:10:34,920 --> 00:10:38,000
Speaker 13: gift rap pick six. His coach is Brian dave Ball.

200
00:10:38,120 --> 00:10:40,600
Speaker 14: I thought he made a lot of good decisions as

201
00:10:40,679 --> 00:10:44,120
Speaker 14: the game went on, made some nice rows and guys

202
00:10:44,200 --> 00:10:47,240
Speaker 14: created some separation a couple drops, but you know, first

203
00:10:47,320 --> 00:10:51,800
Speaker 14: time out there after a long layoff live ball, that

204
00:10:51,960 --> 00:10:52,520
Speaker 14: was good for him.

205
00:10:52,760 --> 00:10:55,800
Speaker 13: Preseason finale Saturday Night Life against the Jets. Couple of

206
00:10:55,880 --> 00:10:59,200
Speaker 13: tennis finals in Cincinnati ONIX Center be Francis Tiafo, Arena

207
00:10:59,280 --> 00:11:02,440
Speaker 13: Sablenko over Jess Pagoula. Up next to the US Open

208
00:11:02,480 --> 00:11:05,920
Speaker 13: starting Monday. John Stashedward Bloomberg Sports Careen Nathan.

209
00:11:07,880 --> 00:11:11,920
Speaker 8: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

210
00:11:12,080 --> 00:11:14,920
Speaker 8: and around the world on Bloomberg dot Com and the

211
00:11:15,040 --> 00:11:19,319
Speaker 8: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

212
00:11:19,360 --> 00:11:20,000
Speaker 8: Nathan Hager.

213
00:11:20,120 --> 00:11:23,720
Speaker 2: This morning, after the first night of the Democratic National Convention.

214
00:11:23,880 --> 00:11:26,600
Speaker 2: In a speech that lasted well into the night, President

215
00:11:26,679 --> 00:11:29,480
Speaker 2: Biden made a case for his legacy and for his

216
00:11:29,640 --> 00:11:32,280
Speaker 2: Vice President Kamala Harris to carry it forward.

217
00:11:32,600 --> 00:11:36,840
Speaker 3: I spend the honor of my lifetime the servers or President.

218
00:11:37,920 --> 00:11:41,200
Speaker 3: I love the job, but I love my country more.

219
00:11:41,800 --> 00:11:45,240
Speaker 2: That was the President delivering the valedictory keynote from the

220
00:11:45,360 --> 00:11:48,719
Speaker 2: United Center last night. Joining us for more. Bloomberg News

221
00:11:48,800 --> 00:11:52,240
Speaker 2: Managing Editor Derek Wallbank, Derek, good morning. Far from the

222
00:11:52,280 --> 00:11:56,000
Speaker 2: speech President Biden planned to give just over right around

223
00:11:56,000 --> 00:11:58,319
Speaker 2: a month ago, but deliver it he did.

224
00:11:58,480 --> 00:12:00,640
Speaker 8: Good morning, good morning.

225
00:12:00,760 --> 00:12:03,079
Speaker 15: Yes, well, time's changed, and we changed with them, don't we.

226
00:12:03,320 --> 00:12:05,760
Speaker 15: And indeed that was the case for Joe Biden, not

227
00:12:05,880 --> 00:12:08,880
Speaker 15: the speech he had planned to give, but the speech

228
00:12:08,960 --> 00:12:11,400
Speaker 15: that he went with. You can actually see a little bit, Nathan.

229
00:12:11,440 --> 00:12:14,439
Speaker 15: I think that echoes of the speech that he may

230
00:12:15,160 --> 00:12:17,000
Speaker 15: may have wanted to give because it served a lot

231
00:12:17,040 --> 00:12:20,679
Speaker 15: of purposes for Biden. It was a validatory one for him.

232
00:12:20,760 --> 00:12:23,199
Speaker 15: It was wondering where he tried to talk about his legacy,

233
00:12:23,240 --> 00:12:26,720
Speaker 15: and at the same time there was a pivot somewhere

234
00:12:26,800 --> 00:12:30,439
Speaker 15: in there to where he started talking about Kamala Harris.

235
00:12:30,480 --> 00:12:33,280
Speaker 15: At one point he described picking her as the best

236
00:12:33,400 --> 00:12:35,240
Speaker 15: political decision he'd ever made.

237
00:12:36,480 --> 00:12:40,280
Speaker 2: Did you hear any distinctions in terms of the direction

238
00:12:40,800 --> 00:12:45,800
Speaker 2: that Kamala Harris could take Biden policy over the next

239
00:12:45,840 --> 00:12:46,360
Speaker 2: four years?

240
00:12:47,120 --> 00:12:50,800
Speaker 15: You know, Nathan, on day one, I would say I wouldn't.

241
00:12:51,160 --> 00:12:54,719
Speaker 15: I wouldn't say I heard a massive difference here. You know,

242
00:12:54,840 --> 00:12:57,960
Speaker 15: you did hear a couple of flicks from some speakers

243
00:12:58,640 --> 00:13:02,120
Speaker 15: toward the same situation in Gaza, maybe in a in

244
00:13:02,200 --> 00:13:05,199
Speaker 15: a way that's a little bit differently from how President

245
00:13:05,240 --> 00:13:07,480
Speaker 15: Biden has been talking about it. But I will say

246
00:13:07,520 --> 00:13:10,000
Speaker 15: I think in terms of tone this was very different.

247
00:13:10,320 --> 00:13:12,719
Speaker 15: There there has been something I'm not This is not

248
00:13:12,880 --> 00:13:14,800
Speaker 15: my I don't know the first person to notice this,

249
00:13:15,000 --> 00:13:17,960
Speaker 15: but I do think that this version of a Harris

250
00:13:18,080 --> 00:13:22,280
Speaker 15: led Democratic Party is certainly more aggressive than it was

251
00:13:23,000 --> 00:13:27,800
Speaker 15: under Biden and under his predecessors, the sort of Michelle

252
00:13:27,840 --> 00:13:31,640
Speaker 15: Obama line that she always that she said, you know,

253
00:13:31,679 --> 00:13:34,040
Speaker 15: when they go low, we go high, and people take

254
00:13:34,080 --> 00:13:35,280
Speaker 15: that to me, and we're going to go high all

255
00:13:35,320 --> 00:13:38,000
Speaker 15: the time. You know, this is this is much more

256
00:13:38,000 --> 00:13:40,439
Speaker 15: of a Democratic party that's a little bit more willing

257
00:13:40,520 --> 00:13:43,400
Speaker 15: to be combative. It's more willing to sort of weigh

258
00:13:43,440 --> 00:13:48,120
Speaker 15: in and ride in the culture. It's it's it's it's

259
00:13:48,600 --> 00:13:51,560
Speaker 15: much more i would say aggressive in terms of putting

260
00:13:51,600 --> 00:13:56,600
Speaker 15: its points out and kind of challenging the other side,

261
00:13:56,760 --> 00:13:59,079
Speaker 15: not wanting to get into that sort of trap of

262
00:13:59,200 --> 00:14:01,559
Speaker 15: talking about things in the way that Republicans like to

263
00:14:01,600 --> 00:14:04,160
Speaker 15: talk about things. And I think all of that is

264
00:14:04,640 --> 00:14:08,120
Speaker 15: changing this election in a way that the discussion is simple,

265
00:14:08,559 --> 00:14:10,800
Speaker 15: is simply changing. And I think this is something that

266
00:14:10,840 --> 00:14:13,559
Speaker 15: the Trump campaign so far is still trying to come

267
00:14:13,600 --> 00:14:17,160
Speaker 15: to terms with how to address, even as they've seen

268
00:14:17,200 --> 00:14:20,480
Speaker 15: their standing in the polls decline relative to Harris.

269
00:14:20,960 --> 00:14:23,280
Speaker 2: In terms of that more aggressive ton, I wonder if

270
00:14:23,280 --> 00:14:26,200
Speaker 2: you're alluding to what we heard from Congress Foman Alexandria

271
00:14:26,280 --> 00:14:30,920
Speaker 2: Cassio Cortes last night, in particular regarding pushing for a

272
00:14:31,200 --> 00:14:34,000
Speaker 2: ceasefire and an end to the war in Gaza. Could

273
00:14:34,080 --> 00:14:37,520
Speaker 2: the Gaza war be something of a wedge point for

274
00:14:37,880 --> 00:14:41,360
Speaker 2: Democrats as they try to put out this unified stance

275
00:14:41,480 --> 00:14:43,040
Speaker 2: for Vice President Harris.

276
00:14:43,440 --> 00:14:46,080
Speaker 15: Well, I do think that it's a difficulty that Democrats

277
00:14:46,200 --> 00:14:50,240
Speaker 15: have almost against themselves. Nathan Right, It's hard to think

278
00:14:50,320 --> 00:14:56,160
Speaker 15: of someone who's animating issue is the Palestinian side of

279
00:14:56,320 --> 00:14:59,480
Speaker 15: the conflict in Gaza, as being someone who's a conflicted

280
00:14:59,520 --> 00:15:04,200
Speaker 15: Harris Trump voter. Certainly, Trump has been far more aggressive

281
00:15:04,240 --> 00:15:05,960
Speaker 15: and talking about what he would like to do in

282
00:15:06,040 --> 00:15:10,720
Speaker 15: that situation, and has been far more condemning of that

283
00:15:11,160 --> 00:15:15,400
Speaker 15: position in the protesters thereof Right. At the same point, though,

284
00:15:15,520 --> 00:15:17,640
Speaker 15: Harris needs all those votes, and if I'm thinking of

285
00:15:17,720 --> 00:15:22,680
Speaker 15: a place like Michigan with a very very large Arabic

286
00:15:24,280 --> 00:15:29,960
Speaker 15: expat immigrant population right one and two generations removed, that

287
00:15:30,320 --> 00:15:33,240
Speaker 15: is a place where all those votes really will make

288
00:15:33,280 --> 00:15:38,160
Speaker 15: a difference. And that's a thing where you know, Harris

289
00:15:38,320 --> 00:15:41,200
Speaker 15: and Tim Walls will need to figure out a way

290
00:15:41,360 --> 00:15:45,360
Speaker 15: to make sure that those voters, however much they may

291
00:15:45,440 --> 00:15:48,920
Speaker 15: be holding their nose, do come out and do vote

292
00:15:48,960 --> 00:15:51,640
Speaker 15: for them. Because if you have a giant pocket of

293
00:15:51,800 --> 00:15:56,200
Speaker 15: votes around Dearborn, that just simply don't come out at all,

294
00:15:56,480 --> 00:15:59,480
Speaker 15: or go to third party candidates instead of Takamala Harris

295
00:16:00,120 --> 00:16:02,800
Speaker 15: Mats in Michigan and states like it starts to get

296
00:16:02,920 --> 00:16:03,680
Speaker 15: very complicated.

297
00:16:05,040 --> 00:16:08,080
Speaker 12: This is Bloomberg Daybreak Today, your morning brief on the

298
00:16:08,120 --> 00:16:11,520
Speaker 12: stories making news from Wall Street to Washington and beyond.

299
00:16:11,840 --> 00:16:14,560
Speaker 1: Look for us on your podcast feed at six am

300
00:16:14,680 --> 00:16:18,280
Speaker 1: Eastern each morning, on Apple, Spotify, and anywhere else you

301
00:16:18,400 --> 00:16:19,359
Speaker 1: get your podcasts.

302
00:16:19,680 --> 00:16:22,360
Speaker 12: You can also listen live each morning starting at five

303
00:16:22,440 --> 00:16:25,000
Speaker 12: am Wall Street Time on Bloomberg eleven three to zero

304
00:16:25,080 --> 00:16:27,880
Speaker 12: in New York, Bloomberg ninety nine to one in Washington,

305
00:16:28,040 --> 00:16:30,880
Speaker 12: Bloomberg one oh six to one in Boston, and Bloomberg

306
00:16:31,000 --> 00:16:32,640
Speaker 12: ninety sixty in San Francisco.

307
00:16:33,040 --> 00:16:36,160
Speaker 1: Our flagship New York station is also available on your

308
00:16:36,240 --> 00:16:41,600
Speaker 1: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty plus.

309
00:16:41,720 --> 00:16:45,280
Speaker 12: Listen coast to coast on the Bloomberg Business app, SERIUSXMVI

310
00:16:45,440 --> 00:16:49,400
Speaker 12: iHeartRadio app, and on Bloomberg dot Com. I'm Nathan Hager and.

311
00:16:49,440 --> 00:16:52,720
Speaker 1: I'm Karen Moscow. Join us again tomorrow morning for all

312
00:16:52,800 --> 00:16:55,280
Speaker 1: the news you need to start your day right here

313
00:16:55,440 --> 00:16:56,680
Speaker 1: on Bloomberg Daybreak