Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good Morning, I'm Nathan Hager.
Speaker 1: And I'm Karen Moscow. Here are the stories we're following today.
Speaker 3: Karen, we begin with the latest on the presidential race
Speaker 3: and a new poll showing sustained momentum for Vice President
Speaker 3: Kamala Harris's campaign. The Bloomberg News Morning Consult survey shows
Speaker 3: Harris leading former President Donald Trump by two percentage points
Speaker 3: among registered voters in the seven states likely to decide
Speaker 3: the election. The poll shows Harris ahead by one point
Speaker 3: among likely voters.
Speaker 2: That is a statistical dead heat.
Speaker 3: The margin of error is one percentage point across the
Speaker 3: seven states, but Bloomberg's Kaylee Line says for Harris, the
Speaker 3: results are a big momentum swing.
Speaker 4: It might be hard for Harris and her campaign to
Speaker 4: claim now that she is the underdog in this race. Granted,
Speaker 4: we are within the margin of error in basically all
Speaker 4: of these states except Wisconsin, where this poll shows her
Speaker 4: up eight points over Trump fifty two to forty four.
Speaker 4: But any other states it is much closer.
Speaker 5: Yeh.
Speaker 3: Bloombergs Kaylee Lines notes Harris leads by four percentage points
Speaker 3: in Pennsylvania and Nevada, three points in Michigan, two points
Speaker 3: in Georgia and North Carolina, and the results show the
Speaker 3: candidates are dead even in Arizona. Kaylee Line says, Harris's
Speaker 3: electoral map is expanding beyond the so called blue Wall states.
Speaker 4: Remember Joe Biden, when he was still in this race,
Speaker 4: was essentially only focused on the so called blue Wall,
Speaker 4: the rust belt stats Wisconsin, Michigan, and Pennsylvania. That was
Speaker 4: really his only clear path to potential victory for Harris. Now,
Speaker 4: looking at this map, it does open up the sun
Speaker 4: Belt for her and potentially gives her more ways in
Speaker 4: which she could go to two hundred and seventy electoral
Speaker 4: College votes when Bloombriggs.
Speaker 3: Kaylee Lines notes the poll shows Harris trimming Trump's advantage
Speaker 3: by eleven points on the rising cost of everyday goods,
Speaker 3: but survey participants still trust the former president more when
Speaker 3: it comes to gas prices and the stock market.
Speaker 1: Well, Nathan. The new survey comes as Kamala Harris sits
Speaker 1: down for her first interview since take over the Democratic
Speaker 1: ticket just over a month ago. Speaking with Dana Bash
Speaker 1: of CNN, Harris doubled down on her pledge to target
Speaker 1: price gouging and said her day one priority would be
Speaker 1: to support the middle class.
Speaker 6: Prices in particular for groceries, are still too high. The
Speaker 6: American people know what I know it, which is why
Speaker 6: my agenda includes what we need to do to bring
Speaker 6: down the price of groceries, for example, dealing with an
Speaker 6: issue like price gouging.
Speaker 1: Vice President Harris also addressed criticism over shifting positions on
Speaker 1: issues like energy and immigration. Harris was asked about her
Speaker 1: twenty nineteen pledge to ban fracking. She says she shortly
Speaker 1: backed off that stance and isn't going back.
Speaker 6: I made that clear on the debate station in twenty
Speaker 6: twenty that I would not banfracking as vice president. I
Speaker 6: did not banfracking. As president. I will not banfracking.
Speaker 1: Vice President Harris also told CNN she believes voters are
Speaker 1: ready to turn the page on former President Trump. Well.
Speaker 3: Meanwhile, Karen, the former president, was at a town hall
Speaker 3: in Wisconsin. He said he watched some of Vice President
Speaker 3: Harris's interview and didn't like what he saw.
Speaker 7: She didn't look like a leader to me.
Speaker 8: I'll be honest, I don't see her negotiating with President
Speaker 8: She of China. I don't see her with Kim Jonglun like.
Speaker 2: We did with Kim Jonglun.
Speaker 3: Former President Trump also tried to flip the script on
Speaker 3: the weird label that Harris's running mate Tim Wallas has
Speaker 3: put on him and his running mate JD.
Speaker 2: Vance. Trump said Walls is the weird one.
Speaker 1: Well, Nathan. The former president also looked to address areas
Speaker 1: of concern for his campaign, repeating a new pledge to
Speaker 1: have all in vitro fertilization costs covered for free for.
Speaker 8: People that are using IVF, which is fertilization. We are
Speaker 8: goment government is going to pay for it, or we're
Speaker 8: going to get or mandate your insurance company to pay
Speaker 8: for it.
Speaker 1: Former President Trump has not provided details on how he'd mandated.
Speaker 1: The new Bloomberg News Morning Console poll shows Swing state
Speaker 1: voters trust Harris over Trump to protect personal freedom and
Speaker 1: at her lead over Trump on the issue of a
Speaker 1: abortion is widening. Fifty five percent of swing state voters
Speaker 1: favor her position, compared to thirty four percent for Trump.
Speaker 3: All Right, Karen, Let's turn down to markets and the economy.
Speaker 3: The Dow closed Thursday session at a record high after
Speaker 3: a slew of encouraging economic data. Today traders get another
Speaker 3: key piece of data before the Fed's next rate decision.
Speaker 3: The central banks preferred inflation gauge, the PCE deflator, is
Speaker 3: due out at eight thirty am. Wall Street Time. Bloomberg's
Speaker 3: Michael McKee has a preview.
Speaker 9: Americans appear to have ramped up their spending as the
Speaker 9: second quarter went on. Revisions to second quarter GDP released
Speaker 9: yesterday suggest we'll see a healthy jump in both goods
Speaker 9: and services consumption. At the same time inflation continues to
Speaker 9: cool still, the central bankers have indicated they are more
Speaker 9: focused on the labor market than prices at the moment.
Speaker 9: While that will put more weight on next week's jobs report,
Speaker 9: today's data are likely to cheer Fed officials and bias
Speaker 9: them toward a quarter percentage point cut in the nation's
Speaker 9: benchmark lending rate next month. Michael McKee, Bloomberg Radio.
Speaker 1: All right, Mike, thanks, And While the DAL climbed yesterday,
Speaker 1: the tech heavy Nasdaq finished lower, way down by in
Speaker 1: Vidio's six point four percent drop after Wednesday's blowout earnings
Speaker 1: and a tep at forecast. Gene Munster with Deep Water
Speaker 1: Asset Management says investors should stick with the chip giant it's.
Speaker 10: A belief, a strong belief. I'm staking my career that
Speaker 10: AI is having a bigger impact than the Internet. At
Speaker 10: some point, when you're a hardware only company, there is
Speaker 10: a point of deceleration that needs to be taken into consideration.
Speaker 10: And I think that two years, three years from now,
Speaker 10: this may be a position that will trim, but we
Speaker 10: think today is the time to own it.
Speaker 1: Gene Munster with deep Water Asset Management, says in video
Speaker 1: will continue to remain central to the artificial intelligence boom
Speaker 1: and checking shares of Nvidia this morning, they're hire of
Speaker 1: one and a half percent and.
Speaker 2: Sticking with the AI theme.
Speaker 3: Karen sources tell Bloomberg News and Videos discuss joining a
Speaker 3: funding ground for open AI that would value the artificial
Speaker 3: intelligence startup at more than one hundred billion dollars, and
Speaker 3: Vidia has reportedly discussed investing about one hundred million. And
Speaker 3: it's not the only big tech giant getting in on
Speaker 3: the action, sources tell us Apple and Microsoft have also
Speaker 3: been in talks about taking part in the financing. This
Speaker 3: follows a Bloomberg report that the funding ground for open
Speaker 3: Ai would be led by Thrive Capital, which is investing
Speaker 3: about one billion.
Speaker 1: Dollars elsewhere on the chip front. Here Nathan Intel now
Speaker 1: discussing various scenarios to stem its losses, and Bloomberg John
Speaker 1: Tucker joins us Now and John. Among the possibilities here
Speaker 1: is a split.
Speaker 11: Yeah, Karen, that's right. Our sources tell us the possibilities
Speaker 11: include this split of its product design and manufacturing businesses,
Speaker 11: as well as which factory projects might potentially be scrapped.
Speaker 11: Intel's longtime bankers, Morgan Stanley and Goldman Sachs, they've been
Speaker 11: providing advice on the possibilities, which could also include potential
Speaker 11: m and a. Intel right now trying to navigate the
Speaker 11: most difficult period in its fifty six year history. These
Speaker 11: discussions have only grown more urgent since the company delivered
Speaker 11: that grim earnings report. You recall that sent the shares
Speaker 11: plunging to their lowest level since twenty thirteen. Potential separation
Speaker 11: or sale of Intel's foundry division that would be an
Speaker 11: about face for the CEO, Pat Gelsinger. Gelsinger's viewed that
Speaker 11: business as key to restoring intel standing and gives you
Speaker 11: some indication of just how serious this situation is. A
Speaker 11: shares pre market right now, they are up just over
Speaker 11: two percent. John Tunker, Bloomberg.
Speaker 1: Radio, All right, John, thank you. Time now for a
Speaker 1: look at some of the other stories making news in
Speaker 1: New York and around the world. And for that we're
Speaker 1: joined by Bloomberg's Michael Barr. Michael, good morning, Good morning, Karen.
Speaker 1: The holiday travel rush is already underway for the long
Speaker 1: Labor Day weekend. The TSAs has more than seventeen million
Speaker 1: people expected to be screen at the nation's airports between
Speaker 1: today and next Wednesday. Experts say those hitting the roads
Speaker 1: will fare better too. A lot of people are driving
Speaker 1: out of town, partly because of lower price at the
Speaker 1: gas pumps. Gas prices are averaging three thirty six a
Speaker 1: gallon nationwide, roughly forty six cents less than last year.
Speaker 1: Triple A's jenet did well. Typically, with any holiday, eighty
Speaker 1: five to ninety percent of travelers go by car. It's
Speaker 1: the most convenient and likely the most cost effective for
Speaker 1: a family.
Speaker 5: If you're driving today, you'll want to leave before noon
Speaker 5: or after seven pm. A Long Island man was arrested
Speaker 5: after authorities accuse him of shooting his ex wife and
Speaker 5: her boyfriend to death inside their home after calling his
Speaker 5: teen daughter to warn her to leave. Police said that
Speaker 5: Daniel Coppola forced his way into the Saint James home
Speaker 5: late Wednesday of his ex wife Kelly Coppola and her partner,
Speaker 5: Kenneth Pullman, and allegedly shot them dead. Coappola has been
Speaker 5: charged with two counts of second degree murder. There are
Speaker 5: growing concerns about mosquito born diseases ahead of the holiday weekend.
Speaker 5: Health officials in Wisconsin confirmed two people have now died
Speaker 5: from West Nile virus in that state this year. Cases
Speaker 5: of West Nile now in more than thirty states. John
Speaker 5: Proctor of Missouri says his teenage son is paralyzed from
Speaker 5: the neck down after being diagnosed with West Nile earlier
Speaker 5: this month, to see.
Speaker 12: Him lethargic and struggle to do simple basic functions.
Speaker 5: Hard In New York, crews say they will continue to
Speaker 5: spray to prevent West Nile. In Massachusetts, health officials are
Speaker 5: concerned after what's believed to be the country's sixth known
Speaker 5: person infected with Triple E, another rare but potentially lethal
Speaker 5: mosquito born virus. This week, one man died of TRIPLELI
Speaker 5: in New Hampshire. Editor at Large for Public Health at
Speaker 5: KFF doctor Celine Gownder.
Speaker 1: Most people with triple E don't develop symptoms, but symptoms
Speaker 1: of triple E may include headache, seizures, behavior changes, and drowsiness.
Speaker 2: About thirty percent of people who get.
Speaker 1: Triple E die, which is why it is so serious,
Speaker 1: and many survive have long term neurological problems.
Speaker 5: Doctor Gallander spoke to CBS Global News twenty four hours
Speaker 5: a day and whenever you want it with the Bloomberg
Speaker 5: News Now, Michael Barr, this is Bloomberg Karen.
Speaker 1: All right, Michael Barr, thank you time now for the
Speaker 1: Bloomberg Sports Update with John Stashauer. John, Good morning.
Speaker 7: Sopen moves into the third round today without the guy
Speaker 7: who was favored to win the men's singles. Carlos Alcarez
Speaker 7: won the Open two years ago. This year he won
Speaker 7: the French Van Wimbledon for the second time, but last
Speaker 7: night he was stunned in round two by an unknown
Speaker 7: for the Netherlands guy with a very long last name,
Speaker 7: Botic fun Deessentshal rank seventy fourth, came to the Open
Speaker 7: of the record this year of.
Speaker 2: Eleven and eighteen.
Speaker 7: He not only beat Alcarez, he beat him handily six one, seven, five,
Speaker 7: sixty four, here was Alcarez after the match.
Speaker 13: So a fight against myself, you know, in my mind
Speaker 13: during the during the mats. You know, in tennis, you
Speaker 13: are playing against some that wants the same as you
Speaker 13: is to win the mats, and you have to to
Speaker 13: be as moss con as you can.
Speaker 7: Last time, the Opens betting favorite lost this early the
Speaker 7: tournament nineteen ninety nine. That was due to an injury.
Speaker 7: Two time Open shape Naomi Osaku's back playing after long
Speaker 7: layoff at Palin having a baby, lost her second round match.
Speaker 7: The Mets won at Arizona three to two. Peter de
Speaker 7: Lonzo hit his twenty ninth home run, and then Francisco
Speaker 7: Lindor's twenty eighth, and then Jose Iglesias with a go
Speaker 7: ahead hit with two outs of the ninth Andy. Now
Speaker 7: the Mets get to play the White Sox, who have
Speaker 7: a record of thirty one and one hundred and four.
Speaker 7: The Yankees tonight host Saint Louis. Two Bay Area athletes
Speaker 7: with contract. News Wide receiver Brandon Ayuk, who wanted a
Speaker 7: train if he didn't get the deal he wanted for
Speaker 7: the forty nine ers, signed for four years, one hundred
Speaker 7: and twenty million and Steph Curry added another year onto
Speaker 7: his deal with the Warriors, and in twenty twenty six
Speaker 7: twenty seven, he'll make sixty two million. Scotti Scheffler's in
Speaker 7: good shape to make twenty five million on Sunday, already
Speaker 7: staked to the FedEx Cup lead based on what he's
Speaker 7: done all year. Chefer then had the lowest score in
Speaker 7: the opening round of the Toward Championship in Atlanta. So he's
Speaker 7: sixteen under par and he leads by setting. John Stishawa,
Speaker 7: Bloomberg Sports Canada.
Speaker 1: Nathan all right, John, thank you well. If you're listening
Speaker 1: to us in Boston, here's exciting news. Our new home
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Speaker 2: On Bloomberg Radio, nationwide on Sirius XM.
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Speaker 5: Bloomberg Business app.
Speaker 2: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.
Speaker 3: Vice president Kamala Harris was pressed about her past positions
Speaker 3: on issues like fracking and immigration reform as she sat
Speaker 3: down for her first interview as a presidential candidate on CNN.
Speaker 6: The most important and most significant aspect of my policy
Speaker 6: perspective and decisions is my values to not change.
Speaker 3: But the dynamics of the race have changed, as we're
Speaker 3: seeing in the latest Bloomberg News Morning Consult Swing State poll.
Speaker 3: For more, we're joined by the man who wrote the
Speaker 3: story about it, Bloomberg News National political reporter Gregory Cordy. Gregory,
Speaker 3: good morning. I think we saw the beginnings of a
Speaker 3: momentum shift in this race the last time we did
Speaker 3: this poll a month ago, as Harris joined it.
Speaker 2: What does this newest poll show us?
Speaker 12: Hey, good morning, Nathan. Yeah, so this is the poll
Speaker 12: that we did immediately after the Democratic National Convention last week.
Speaker 12: Polsters tend to look for moments like that to see
Speaker 12: if there's a bounce. Traditionally, presidential candidates get a little
Speaker 12: bit of a boost in the polls right after accepting
Speaker 12: their priorities nomination for president, and in this case, we
Speaker 12: didn't really see a huge bounce. There's a one percentage
Speaker 12: point difference. I could be explained by the margin of
Speaker 12: error in Harris going up over the previous month, but
Speaker 12: it certainly shows that the honeymoon is continuing for her.
Speaker 12: As you said, when she entered the race a month ago,
Speaker 12: she really improved the Democrats' chances really across all of
Speaker 12: these seven swing states. We now see her at least
Speaker 12: tide or winning in all seven states. Wisconsin is the
Speaker 12: one that she's doing the best in, and then Michigan.
Speaker 12: Pennsylvania the blue Wall state she continues to do well in.
Speaker 12: But the big difference between Harris and Biden is that
Speaker 12: Harris now opens up the sun Belt. We're talking about Arizona, Nevada, Georgia.
Speaker 12: And the really most interesting state in the poll this
Speaker 12: month is North Carolina, where she's up by two points.
Speaker 12: That's a state that Donald Trump was leading by ten
Speaker 12: points as recently as April. So if she's competitive in
Speaker 12: North Carolina, that really puts Donald Trump on the defensive
Speaker 12: and makes it a whole.
Speaker 3: New race, which could explain why we were told by
Speaker 3: Republican National Committee coachir Laura Trump this week they're going
Speaker 3: to be pouring quite a lot of resources into North
Speaker 3: Carolina as well. What does this poll tell us about
Speaker 3: where voters see the candidates on the issues that really
Speaker 3: matter to them? I know, we've been focusing a lot,
Speaker 3: particularly on the economy on inflation.
Speaker 2: What are we finding there.
Speaker 12: Yeah, we really zoomed in on the economy in this
Speaker 12: tracking pole for two reasons. As one is, we're bloomberg, right,
Speaker 12: that's what we covered. But also it's the most important
Speaker 12: issue for the voters in all of these playing states
Speaker 12: and nationally, especially given the inflation that we've seen over
Speaker 12: the past couple of years. And the remarkable thing is
Speaker 12: that voters don't say that the economy is necessarily doing
Speaker 12: any better than has been the past year or so.
Speaker 12: They still say that inflation is too high, and they
Speaker 12: still say that they were better off under Trump than
Speaker 12: they are under Biden. But what's remarkable here is that
Speaker 12: that poor economy is not attaching itself to Kamala Harris,
Speaker 12: the vice president, is not being held accountable for the
Speaker 12: economy under this president, and so on a wide range
Speaker 12: of economic issues, who do you trust more on housing costs,
Speaker 12: who do you trust more on having wages go up?
Speaker 12: On student loans and personal debt? Voters trust Harris now
Speaker 12: more than Trump across these swing states. And that's really
Speaker 12: going to be concerning to President Trump, because that was
Speaker 12: going to be his major argument in this election. The
Speaker 12: fact that it's not sticking to Harris is something that
Speaker 12: Trump is going to have to try to figure out
Speaker 12: how to hold Harris accountable for this administration's economic policies.
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