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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: Good morning. I'm Nathan Hager.

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Speaker 1: And I'm Karen Moscow. Here are the stories we're following today.

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Speaker 2: Karen, we begin with the presidential race. This is the

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Speaker 2: final full day of campaigning for Donald Trump and Kamala Harris.

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Speaker 2: The polls continue to point to a photo finish, and

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Speaker 2: both candidates are campaigning like they know it. The former

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Speaker 2: president held rallies yesterday in Pennsylvania, North Carolina, and Georgia.

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Speaker 2: In mac and Georgia last night, he urged his supporters

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Speaker 2: to get out and vote.

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Speaker 3: We stand on the verge of the four greatest years

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Speaker 3: in American history. You watch, it's going to be so good.

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Speaker 3: It's going to be so much fun. It'll be nasty

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Speaker 3: a little bit at times, and maybe at the beginning

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Speaker 3: in particular, but it's going to be something.

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Speaker 2: Earlier in Lidditz, Pennsylvania, Trump suggested he shouldn't have left

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Speaker 2: the White House in twenty twenty, and he raised eyebrows

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Speaker 2: with a long riff about the bulletproof glass surrounding him.

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Speaker 3: And I have this piece of glass here, but all

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Speaker 3: we have really over here is the fake news, bro.

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Speaker 3: And to get me somebody would have to shoot through

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Speaker 3: the fake news, and I don't mind that so much.

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Speaker 2: The Trump campaign later put out a statement saying the

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Speaker 2: media should have a protective glass shield around them.

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Speaker 1: Also, meanwhile, Nathan Kamala Harris is putting her focus on

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Speaker 1: black voters in the final stretch. The Vice president visited

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Speaker 1: the Greater Emmanuel Institutional Church of God in Detroit before

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Speaker 1: visiting a couple of black owned businesses in the area.

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Speaker 4: Church in just two days, we have the power to

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Speaker 4: decide the fate of our nation for generations to come.

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Speaker 1: Kamala Harris also revealed that she submitted an absentee ballot

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Speaker 1: to her home state of California, but she declined to

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Speaker 1: say how she voted on a ballot measure that would

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Speaker 1: put harsher penalties on repeat rug or theft defenders.

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Speaker 4: I am not going to talk about the vote on

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Speaker 4: that because honestly, it's the Sunday before the election and

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Speaker 4: I don't intend to create an endorsement one way or

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Speaker 4: another around it.

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Speaker 1: Later today, Kamala Harris will wrap up her campaign with

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Speaker 1: a pair of star studied rallies in Pennsylvania. Katie Perry

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Speaker 1: will lead the line up in Pittsburgh, while Lady Gaga

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Speaker 1: will headline a Harris event in Philadelphia. Donald Trump will

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Speaker 1: hold his final campaign rally in Grand Rapids, Michigan, the

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Speaker 1: same place he did it in twenty sixteen and twenty twenty.

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Speaker 2: Well, Karen, there are some encouraging signs for Harris, with

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Speaker 2: the final poll from ABC News and ipso's giving her

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Speaker 2: a forty nine to forty six percent edge nationally, while

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Speaker 2: New York Times Siana College survey shows Harris ahead in

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Speaker 2: five of seven swing states. We get more on this

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Speaker 2: late flurry of polling from Bloomberg's Jill deesis.

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Speaker 5: This remains essentially a coin flip. Yes, there's some good

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Speaker 5: polling news for Kamala Harris, certainly in this final weekend

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Speaker 5: of the campaign, but you know, let's tick a close

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Speaker 5: look at what that's actually telling us. So, first of all, yes,

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Speaker 5: she's got an edge in these national polls, but I

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Speaker 5: wouldn't really give you know, an absolute ton of weight

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Speaker 5: to what that may tell us about the popular votes.

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Speaker 5: I mean, very famously, you know, I mean, Democrats have

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Speaker 5: won the popular vote in the past but lost that

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Speaker 5: crucial electoral college vote, you know, obviously, including in twenty

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Speaker 5: sixteen where that happened with Hillary Clinton and Donald Trump,

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Speaker 5: so really it's important to look at those critical battleground states.

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Speaker 2: In Bloomberg's Jill Liesis also says a poll from the

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Speaker 2: Des Moines Register shows Harris with a forty seven to

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Speaker 2: forty four percent lead in Iowa. That's a state Trump

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Speaker 2: is won in each of his prior elections.

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Speaker 1: Well as Harrison Trump make their final case to voters, Nathan,

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Speaker 1: the finance industry is gaming out the implications of historically

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Speaker 1: close race I could dramatically swing policy. Begin more from

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Speaker 1: Bloomberg's Markets reporter Valerie Title in London.

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Speaker 6: JP Morgan said that they planned to increase staffing in

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Speaker 6: Europe and Asia to handle the big surge in overnight

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Speaker 6: volume they could see from clients. To handle that volatility,

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Speaker 6: Goldman even said that they plan on having its sales

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Speaker 6: and trading teams on site in New York well into

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Speaker 6: the night. Other banks are preparing staff to log in

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Speaker 6: from home if they need to, and even one major

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Speaker 6: investment bank said they're halting all technology updates this week

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Speaker 6: because they don't want any glitches when it comes to

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Speaker 6: their trading systems during those crucial trading hours. And then

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Speaker 6: We've even heard colloquially from hedge fund managers here in

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Speaker 6: London saying they're flying to the US this week to

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Speaker 6: trade it. They want to be closer to the ground,

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Speaker 6: closer to their strategist and economists in the US.

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Speaker 1: And Bloomberry's Valery Titel reports some traders say it's more

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Speaker 1: important to know what happens in Congress than who wins

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Speaker 1: the presidency. A divided legislature often translates to commerce markets

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Speaker 1: because it limits the potential for big policy changes.

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Speaker 2: I Meanwhile, Karen Judy Diamond, the prominent political donor and

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Speaker 2: the wife of JP Morgan Chase CEO Jamie Diamond, canvas

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Speaker 2: voters in Michigan over the weekend in support of Kamala

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Speaker 2: Harris's presidential bit. The chief executive officer of the biggest

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Speaker 2: US bank, has declined to endorse either candidate, publicly pledging

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Speaker 2: that he would work with whoever's elected. Axio says that

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Speaker 2: Judy Diamond, who is a longtime donor to Democratic candidates

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Speaker 2: and an education advocate, has donated two hundred and fifty

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Speaker 2: thousand dollars to Harris and the Democratic National Committee.

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Speaker 1: Well Nathan to Some polls show a shift to Harris.

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Speaker 1: We're seeing some immediate reaction in the markets, and we

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Speaker 1: get the latest with Bloomberg's John Tucker, John, what are

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Speaker 1: you looking at?

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Speaker 7: Yeah, Karen. The so called Trump trade unwinding to a

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Speaker 7: degree that favored higher treasure yields and a stronger dollar.

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Speaker 7: The dollar gauge and the tenure treasurys both had reached

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Speaker 7: their highest since July. In recent weeks, investors ramped up

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Speaker 7: wagers on a second term for Trump. There was concern

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Speaker 7: that his support for looser fiscal policy and Steve Tariff's

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Speaker 7: would deepen the federal deficit and fuel inflation. Well, this morning,

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Speaker 7: the dollar is lower, dollar dx WHI right now down

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Speaker 7: half a percent, Treasury yields are lower, Bitcoin dropping below

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Speaker 7: sixty nine thousand dollars, and Trump Media and technology shares

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Speaker 7: right now in pre market they are a down five percent.

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Speaker 7: In the prediction markets, Trump spread over Harris is vanishing.

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Speaker 7: They have reversed the Trump trade and now think the

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Speaker 7: election is a toss up. Carol Kong, a strategist and

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Speaker 7: Commonwealth Bank of Australia, puts it this way. This morning,

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Speaker 7: markets are pricing in a higher chance of a Harris win.

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Speaker 7: Now in New York. I'm John Tucker Bloomberg Radio.

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Speaker 2: All right, John, thank you, and join us for complete

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Speaker 2: coverage of the election results tomorrow night, kicking off at

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Speaker 2: five pm Eastern with a special two hour edition of

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Speaker 2: Balance of Power, followed by Coast to coast Bloomberg Team

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Speaker 2: coverage at seven. Get live election results and analysis with

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Speaker 2: contexts tomorrow night on Bloomberg Radio and Television and the

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Speaker 2: Bloomberg Podcasts YouTube channel.

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Speaker 1: Well, Nathan, we're also watching oil It's on the rise

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Speaker 1: this morning as tensions escalate again in the Middle East.

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Speaker 1: The Wall Street Journal is reporting Iran is planning a

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Speaker 1: counter attack on Israel, involving more powerful warheads and other weapons.

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Speaker 1: West Texas Intermediate up two point nine percent of a

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Speaker 1: dollar ninety nine. It's seventy one dollars forty eight cents

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Speaker 1: of barrel. Brent is also moving higher. It's up more

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Speaker 1: than two and a half percent at seventy five dollars

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Speaker 1: three cents. Time now for a look at some of

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Speaker 1: the other stories making news in New York and around

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Speaker 1: the world. And for that we're joined by Bloomberg's Michael Barr. Michael,

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Speaker 1: Good morning, Good.

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Speaker 8: Morning, Karen. The music world has lost a titan, Quincy Jones.

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Speaker 8: Jones's legacy range from producing Michael Jackson's historic Thriller album

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Speaker 8: to writing prize winning film and TV scores. He also

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Speaker 8: collaborated with Frank Sinatra, Ray Charles, and hundreds of other

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Speaker 8: recording artists. Jones won twenty eight Grammys during his career.

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Speaker 8: Quincy Jones died at his home in Los Angeles at

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Speaker 8: age ninety one. More than two thirds of Americans say

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Speaker 8: they feel stressed out or frustrated about tomorrow's presidential election.

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Speaker 8: Psychiatrist Sue Varma says people should tread, care for, and

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Speaker 8: be very intentional if they planned to discuss.

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Speaker 9: The election, what is the point of my conversation? Am

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Speaker 9: I trying to change their mind? Am I capable of

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Speaker 9: changing their mind? How does that affect the outcome? And

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Speaker 9: what do I want? Do I want to preserve a

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Speaker 9: relationship with this person? And if that's the case, how

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Speaker 9: do I back off?

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Speaker 8: Psychiatrist Sue Varmer also says limit the conversations about really

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Speaker 8: heated topics that some people are never going to see.

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Speaker 8: Ey and eye. A crowd of enraged flood survivors belt

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Speaker 8: at the Spanish Royal couple with mud and rocks during

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Speaker 8: their first visit to the center of the nation's deadliest

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Speaker 8: natural disaster in living memory. Officials rushed Prime Minister Pedro

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Speaker 8: Sanchez from the scene soon after his contingent started to

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Speaker 8: walk the mud covered streets. Police had to step in,

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Speaker 8: with some officers on horseback keeping back several dozen people.

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Speaker 8: At least two hundred and seventeen people have died from

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Speaker 8: the storms. Oklahoma Governor Kevin Stitt declared an emergency for

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Speaker 8: six counties affected by multiple tornadoes. About one hundred home

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Speaker 8: have been damaged statewide, and around thirty thousand households have

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Speaker 8: no power. Governor Stet said that they are making sure

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Speaker 8: polling stations are set up for tomorrow's voting Tuesday.

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Speaker 10: For the polling stations, we're prioritizing making sure those are

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Speaker 10: all up. We'll advise, will advise the public if there's

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Speaker 10: any issue there with the polling stations, and kind of

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Speaker 10: re route people if we need to if that comes.

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Speaker 8: Governor stiad also warn residence to look out for more

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Speaker 8: dangerous weather. Finally, Space Sex is about to launch a

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Speaker 8: cargo ship to the International Space Station from the Kennedy

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Speaker 8: Space Center and One of the experiments it carries is

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Speaker 8: an unusual satellite. It's made of wood. The four inch

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Speaker 8: qube made of magnolia, was built by researchers at Hyota

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Speaker 8: University and a Japanese logging company. It could mean more

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Speaker 8: environmentally friendly satellite since wood burns up in the atmosphere

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Speaker 8: when the orbit decays. Global News twenty four hours a

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Speaker 8: day and whenever you want it with the Bloomberg News. Now,

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Speaker 8: I'm Michael Bron. This is Bloomberg Karen uncle.

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Speaker 1: Bar, thank you time now for the Bloomberg Scores update,

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Speaker 1: brought to you by Tri State Oudie. Here's John Stanshawer, John.

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Speaker 11: All right here the Washington Commanders, but a big story

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Speaker 11: first half the NFL season. New owner, new coach, new

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Speaker 11: quarterback of the Commanders are seven to two, first time

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Speaker 11: since nineteen ninety six, two wins over the Giants. In

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Speaker 11: those two wins, they've only punted a total of two times,

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Speaker 11: never trailed. That MetLife the Giants twenty seven to twenty two.

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Speaker 11: The rookie QB Jayden Daniels two touchdown passes to Terry

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Speaker 11: McLaurin one at the end of the first half. But

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Speaker 11: Washington was pretty much playing for a field goal, but

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Speaker 11: suddenly got into the end zone. The Giants coach Brian Dables.

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Speaker 12: Tough game, competitive game in the end, just didn't make

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Speaker 12: enough plays to get the outcome we want. You know,

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Speaker 12: gave up some big plays there right before the two

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Speaker 12: minute at the end of the half, and those are

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Speaker 12: our game changing plays that we need to we need

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Speaker 12: to make.

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Speaker 11: Dabeles record the last season and a half eight and eighteen.

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Speaker 11: No team in the NFL right now is a worse

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Speaker 11: than the two and seven Giants. They're the only team

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Speaker 11: that still hasn't won a home game. Game of the

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Speaker 11: Day was in Buffalo Bill's and Dolphins, four league changes,

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Speaker 11: looking like overtime until Buffalo lined up for a last

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Speaker 11: second field.

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Speaker 2: Goal sap Pie Ferguson hull of Pie Martin Kickpie pass

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Speaker 2: is long enough.

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Speaker 11: It is Good's away for Tyler pass who Dotzi Trucks

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Speaker 11: sixty one w g R good time with the longest

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Speaker 11: field goal and Bill's history. Buffalo's got a four game

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Speaker 11: lead in the AFC East. Detroit sit the top the

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Speaker 11: NFC at seven and one. Lions one at Green Bay

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Speaker 11: twenty four to fourteen, Philadelphia six and two. Four straight wins.

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Speaker 11: Eagles got another big game from Saquon Barkley in a

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Speaker 11: twenty eight twenty three win over Jacksonville. Patriots lost in

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Speaker 11: overtime at Tennessee Matt Nay at the Garden Rangers with

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Speaker 11: the Islanders five to two paragals for our Timmy Peneren,

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Speaker 11: thirty five saves for Igor saysterk and Nets lost at

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Speaker 11: home to Detroit one oh six ninety two. Knicks played

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Speaker 11: tonight in Houston. Odd Be Naji first ever from the

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Speaker 11: Netherlands to win the New York Marathon. Sila Chipcari of

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Speaker 11: Kenya the women's winner. She had never run a marathon

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Speaker 11: until last year. John dash Eway Bloomberg Sports Cannony.

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Speaker 8: Coast to Coast on Bloomberg Radio, nationwide on Syrias XM,

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Speaker 8: and around the world on Bloomberg dot Com and the

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Speaker 8: Bloomberg Business app.

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Speaker 7: This is Bloomberg Daybreak.

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Speaker 2: Good morning, I'm Nathan Hager. It is the last full

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Speaker 2: day of a presidential campaign that has seen more twists

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Speaker 2: and turns than most Americans have ever witnessed, and in

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Speaker 2: these final hours, both Donald Trump and Kamala Harris are

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Speaker 2: claiming the upper hand.

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Speaker 3: On Tuesday, just go out and vote and we're going

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Speaker 3: to close this thing out and it's going to be

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Speaker 3: party time.

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Speaker 4: We have momentum. It is on our side, can you

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Speaker 4: feel it?

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Speaker 2: And joining us now this day before election day is

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Speaker 2: Lindsay Newman, geopolitical risk expert and columnist at G zero Media. Lindsey,

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Speaker 2: Good Morning Market seemed to be sensing a momentum shift

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Speaker 2: in this race toward Kamala Harris. Where do you see

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Speaker 2: the momentum at this point?

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Speaker 13: Thanks, Nathan. It's really interesting. So if you look at

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Speaker 13: the polling data, it would suggest that the momentum shift

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Speaker 13: is moving actually towards Donald Trump. Right, he has now

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Speaker 13: erased her lead in aggregate national polling that she held

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Speaker 13: essentially since something into the race in July. Each of

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Speaker 13: the major swing states is now a toss up and

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Speaker 13: have traded back and forth in recent weeks. But as

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Speaker 13: you say, betting markets have now dramatically shifted away from

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Speaker 13: Trump towards Harris. What's behind that? As sort of anybody's game,

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Speaker 13: anybody's guests, I should say there are some other interesting

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Speaker 13: indications we can talk about early voting. We see that

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Speaker 13: Democrats have a slight edge on who's voting more often

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Speaker 13: ahead of the election, so perhaps that moving the betting markets.

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Speaker 13: Women are voting more than men. That is something that

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Speaker 13: the Harris campaign sees is favorable to her election, So

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Speaker 13: maybe that's moving it. And then I'll throw one last

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Speaker 13: in just to tie in for the sports page. There's

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Speaker 13: the Commander's rule that if the Washington Commanders win the

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Speaker 13: last home game before the election, which they did, the

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Speaker 13: incumbent likely wins the next election. So maybe that's what's

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Speaker 13: moving the betting markets.

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Speaker 2: Of course, the incumbent is out in this race officially,

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Speaker 2: with President Biden dropping out back in July. But how

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Speaker 2: much stock to put in this Des Moines Register poll.

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Speaker 2: It seems to be getting so much market attention with

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Speaker 2: Harris three points ahead in Iowa.

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Speaker 13: Yeah, what's remarkable about that is not just that headline

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Speaker 13: about the three points, which in and of itself is remarkable,

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Speaker 13: but it's who's voting, right, So it's women turning out

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Speaker 13: for Harris, and that, as I said, is her belief.

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Speaker 13: You know, that's what her campaign believes to be her

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Speaker 13: pathway to victory. Her whole campaign has been about turning

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Speaker 13: the page, fighting for democracy, fighting for your freedoms, including

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Speaker 13: of course reproductive rights. Trump, on the other hand, thinks

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Speaker 13: that he's going to win through young male voters. They

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Speaker 13: have not yet turned out in early voting. But again

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Speaker 13: we've seen about seventy five to seventy eight million have

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Speaker 13: already voted. We're going to say double that number actually

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Speaker 13: turn out tomorrow. So we don't want to you know,

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Speaker 13: this sort of moment is the moment where we read

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Speaker 13: the tea leaves on the early voting, but when we

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Speaker 13: have the final numbers is really you know, when the

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Speaker 13: trend lines will be able to be detected.

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Speaker 2: In this final stretch, lindsay, we've seen the rhetoric really

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Speaker 2: heat up, particularly from former President Trump, raising doubts once

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Speaker 2: again about the election integrity, even suggesting that he wouldn't

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Speaker 2: mind if members of the media get shot. What is

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Speaker 2: the risk that we could see violence after election day tomorrow?

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Speaker 13: So it is a big concern about what happens between

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Speaker 13: election day tomorrow and the days just after, what happens

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Speaker 13: between election day tomorrow and when the election is certified

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Speaker 13: and inauguration day. I think the most volatile outcome that

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Speaker 13: we need to be keeping our eye on is if

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Speaker 13: Kamala Harris wins by a small margin of victory. You know,

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Speaker 13: last week at his msg rallied Trump said that we

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Speaker 13: need to defeat Harris. He needs to defeat Harris by

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Speaker 13: a landslide that is too big to rig right, and

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Speaker 13: so he's pointing towards this margin of victory. If the

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Speaker 13: margin of victory is quite large, Hairs somehow pulls off

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Speaker 13: this major surprise and wins by a large margin of victory,

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Speaker 13: then it could deflate Trump World's balloon. But if it's

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Speaker 13: just this small margin victory, we have to expect a

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Speaker 13: flood of legal cases, calls for recounts. We're going to

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Speaker 13: see disturbances at courthouse and government buildings.

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Speaker 5: We know that there's this.

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Speaker 13: Lineup for potentially even congressional challenges, and this is the

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Speaker 13: hyperpolarized moment. Nathan. You know this, we know as we

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Speaker 13: all know this, and so political violence cannot beogled out.

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