1
00:00:02,120 --> 00:00:04,600
Speaker 1: News when you want it with Bloomberg News. Now, I'm

2
00:00:04,600 --> 00:00:08,320
Speaker 1: Doug Prisoner. Let's begin with the news. Donald Trump during

3
00:00:08,440 --> 00:00:11,600
Speaker 1: his Marra Lago press conference earlier today, Trump said the

4
00:00:11,640 --> 00:00:16,160
Speaker 1: president should have some say over interest rates and monetary policy.

5
00:00:16,840 --> 00:00:19,479
Speaker 2: I feel the president should have at least say in there. Yeah,

6
00:00:19,560 --> 00:00:22,000
Speaker 2: I feel that strongly. I think that in my case,

7
00:00:22,040 --> 00:00:24,280
Speaker 2: I made a lot of money, I was very successful,

8
00:00:24,280 --> 00:00:26,560
Speaker 2: and I think I have a better instinct than in

9
00:00:26,600 --> 00:00:29,000
Speaker 2: many cases people that would be on the Federal Reserve

10
00:00:29,160 --> 00:00:29,760
Speaker 2: or the chairman.

11
00:00:29,960 --> 00:00:33,360
Speaker 1: Now, Trump's assertion goes against the long standing practice of

12
00:00:33,400 --> 00:00:37,200
Speaker 1: the FED being independent of political actors. Mister Trump also

13
00:00:37,320 --> 00:00:40,479
Speaker 1: criticized Fedshair J. Powell for being a little too early

14
00:00:40,760 --> 00:00:44,000
Speaker 1: and a little too late in moving interest rates. Vice

15
00:00:44,040 --> 00:00:47,560
Speaker 1: President Kamala Harris and former President Donald Trump will now

16
00:00:47,640 --> 00:00:50,760
Speaker 1: face off and at least one debate in this election cycle.

17
00:00:51,000 --> 00:00:53,599
Speaker 1: We have more from Bloomberg's Amy Morris in Washington.

18
00:00:53,800 --> 00:00:56,640
Speaker 3: Donald Trump says he has agreed to three debates in

19
00:00:56,680 --> 00:00:59,240
Speaker 3: September against Vice President Kamala Harris.

20
00:00:59,240 --> 00:01:01,400
Speaker 2: But I look forward to the debates because I think

21
00:01:01,440 --> 00:01:03,720
Speaker 2: we have to set the record straight. Why is it

22
00:01:03,800 --> 00:01:06,280
Speaker 2: that millions of people were allowed to come into our

23
00:01:06,360 --> 00:01:11,200
Speaker 2: country from prisons, from jails, from mental institutions, insane asylums.

24
00:01:11,240 --> 00:01:13,720
Speaker 3: ABC News announced Trump and Harris have agreed to a

25
00:01:13,760 --> 00:01:17,400
Speaker 3: debate on September tenth, during an extended, wide ranging news

26
00:01:17,400 --> 00:01:19,960
Speaker 3: conference at mar A Lago, Trump said he agreed to

27
00:01:19,959 --> 00:01:23,880
Speaker 3: to more debates also on NBC and Fox News. Those networks, though,

28
00:01:23,880 --> 00:01:27,640
Speaker 3: have not yet confirmed. In Washington, Amy Morris, Bloomberg Radio.

29
00:01:27,560 --> 00:01:31,440
Speaker 1: Vice president Kamala Harris has received some major support coming

30
00:01:31,440 --> 00:01:34,840
Speaker 1: out of Silicon Valley. We have more from Bloomberg's Ed Baxter.

31
00:01:35,520 --> 00:01:38,800
Speaker 4: A group of about twelve hundred technology workers has pledged

32
00:01:38,959 --> 00:01:42,679
Speaker 4: to back her ticket Tech for Kamala in a public letter,

33
00:01:42,760 --> 00:01:47,040
Speaker 4: calling Harris an archetypical innovator and champion of technology who

34
00:01:47,080 --> 00:01:52,400
Speaker 4: worked to access STEM education, promote entrepreneurship, and close the

35
00:01:52,440 --> 00:01:55,680
Speaker 4: digital equity gap. People who signed the letter did so

36
00:01:55,760 --> 00:01:59,880
Speaker 4: on personal capacities, not representing companies, but they come from

37
00:02:00,040 --> 00:02:04,360
Speaker 4: companies including Apple, Meta, and Salesforce. It says it wants

38
00:02:04,360 --> 00:02:08,520
Speaker 4: to mobilize the community of over seven million workers in

39
00:02:08,560 --> 00:02:11,200
Speaker 4: San Francisco at Baxter Bloomberg Radio.

40
00:02:11,240 --> 00:02:14,200
Speaker 1: Both suspects in a foiled plot to attack Taylor Swift

41
00:02:14,240 --> 00:02:17,440
Speaker 1: shows in Vienna appeared to be inspired by the Islamic

42
00:02:17,520 --> 00:02:21,440
Speaker 1: State and al Qaeda. Investigators found bomb making materials at

43
00:02:21,440 --> 00:02:23,920
Speaker 1: one of their homes, Officials saying that one of the

44
00:02:23,960 --> 00:02:27,080
Speaker 1: two confessed to planning to quote kill as many people

45
00:02:27,120 --> 00:02:30,480
Speaker 1: as possible outside the concert venue. Now it appears he

46
00:02:30,560 --> 00:02:33,640
Speaker 1: began to plan the attack last month and uploaded an

47
00:02:33,720 --> 00:02:36,640
Speaker 1: oath of allegiance to the current leader of the Islamic State.

48
00:02:37,160 --> 00:02:40,359
Speaker 1: Three sold out concerts were canceled a day earlier because

49
00:02:40,400 --> 00:02:43,919
Speaker 1: of that plot. Concert organizers stood by their decision, as

50
00:02:43,960 --> 00:02:47,680
Speaker 1: they had expected sixty five thousand fans inside the venue

51
00:02:47,880 --> 00:02:52,760
Speaker 1: and another thirty thousand outside. Richmond Fedbank President Tom Barkin

52
00:02:52,840 --> 00:02:55,280
Speaker 1: today was saying the FED has time to assess whether

53
00:02:55,280 --> 00:02:59,600
Speaker 1: the American economy is normalizing or whether it's softening in

54
00:02:59,639 --> 00:03:02,600
Speaker 1: a way that would require the FED to act more forcefully.

55
00:03:03,080 --> 00:03:07,320
Speaker 1: Barkin also defended the Fed's patient data dependent approach.

56
00:03:07,919 --> 00:03:10,720
Speaker 5: I sort of think about inflation as a nearer term

57
00:03:10,720 --> 00:03:14,080
Speaker 5: and medium term. You know, you have to acknowledge that

58
00:03:14,080 --> 00:03:17,000
Speaker 5: the last couple of months have both been good reads

59
00:03:17,040 --> 00:03:19,840
Speaker 5: on an overall level, but good from a breadth standpoint

60
00:03:19,919 --> 00:03:23,720
Speaker 5: as well. So I'm actually pretty optimistic that over the

61
00:03:23,720 --> 00:03:25,480
Speaker 5: next few months we're going to see good readings on

62
00:03:25,520 --> 00:03:26,960
Speaker 5: the inflation side.

63
00:03:27,080 --> 00:03:28,600
Speaker 1: That is Tom Barkin, he is the head of the

64
00:03:28,680 --> 00:03:31,280
Speaker 1: Richmond FED. Now we know that the FED has been

65
00:03:31,280 --> 00:03:34,280
Speaker 1: shifting its focus to the labor market that as a

66
00:03:34,320 --> 00:03:38,120
Speaker 1: result of inflation moving closer to the Fed's two percent

67
00:03:38,200 --> 00:03:41,720
Speaker 1: target the other side of the mandate. Obviously, mister Barkin

68
00:03:41,720 --> 00:03:46,000
Speaker 1: did emphasize that he doesn't see widespread layoffs as being imminent.

69
00:03:46,720 --> 00:03:49,600
Speaker 1: You'll remember that the FED did vote to hold policy

70
00:03:49,760 --> 00:03:53,600
Speaker 1: rate steady at more than a two decade high. That

71
00:03:53,680 --> 00:03:56,480
Speaker 1: happened last week and now all eyes are on the

72
00:03:56,520 --> 00:03:59,960
Speaker 1: September FED meeting. The Summer Games will wrap up this weekend,

73
00:04:00,200 --> 00:04:03,840
Speaker 1: but Team USA is aiming to continue supporting its athletes.

74
00:04:03,880 --> 00:04:06,840
Speaker 1: The US Olympic and Para Olympic Committee is on a

75
00:04:06,920 --> 00:04:09,840
Speaker 1: drive to raise five hundred million dollars before the twenty

76
00:04:09,880 --> 00:04:13,720
Speaker 1: twenty eight Summer Games in Los Angeles. Committee president Christine

77
00:04:13,720 --> 00:04:17,200
Speaker 1: Walsh says fifty seven percent of Team USA athletes earn

78
00:04:17,279 --> 00:04:20,719
Speaker 1: less than fifty thousand dollars a year on fan support.

79
00:04:21,080 --> 00:04:24,279
Speaker 6: Athletes really need support both on the field to play

80
00:04:24,720 --> 00:04:27,919
Speaker 6: and off the field to play, and the Foundation is

81
00:04:27,920 --> 00:04:32,040
Speaker 6: focused on the athlete journey, so health and wellness, performance

82
00:04:32,040 --> 00:04:36,200
Speaker 6: and innovation, and career transition and athlete earnings.

83
00:04:36,440 --> 00:04:39,239
Speaker 1: Walsh spoke to Bloomberg from the Summer Games in Paris.

84
00:04:39,680 --> 00:04:42,279
Speaker 1: We're tracking the metal count of the Parasummer Games. The

85
00:04:42,360 --> 00:04:45,600
Speaker 1: US with one hundred and three medals, China with seventy three,

86
00:04:46,040 --> 00:04:49,520
Speaker 1: France has fifty four and Great Britain fifty one. In

87
00:04:49,600 --> 00:04:52,280
Speaker 1: terms of gold, the US has the most with thirty

88
00:04:52,520 --> 00:04:55,119
Speaker 1: and that is news when you want it with Bloomberg News. Now,

89
00:04:55,279 --> 00:04:57,080
Speaker 1: I'm Doug Prisoner and this is Bloomberg