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Speaker 1: News when you want it with Bloomberg News Now, I'm

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Speaker 1: Doug Prisner. It's been just one day since Vice President

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Speaker 1: Kamala Harris introduced her running mate, but Minnesota Governor Tim

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Speaker 1: Walls was already in full campaign mode. Joining Harris at

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Speaker 1: a rally in the swing state of Wisconsin, Walls laid

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Speaker 1: into former President Donald Trump.

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Speaker 2: Donald Trump, he sees the world differently than we see it.

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Speaker 3: He has no understanding of service.

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Speaker 1: Because he's too busy servicing himself. The Harris Walls ticket

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Speaker 1: is on its first leg of a seventh state tour,

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Speaker 1: looking to rally support in those critical swing states. The

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Speaker 1: Democratic duo moved on to Detroit, Michigan, where they were

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Speaker 1: joined by United Autoworkers President Shawn Fayn. Meantime, Trump running

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Speaker 1: mate jd Vance was in Michigan earlier, and he targeted

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Speaker 1: the DEM's economic record.

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Speaker 4: The most consistent complaint that I hear is that it

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Speaker 4: is harder and harder for normal people to get by.

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Speaker 4: And I happen to think that if you work hard

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Speaker 4: and play by the rules in this country, you ought

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Speaker 4: to be entitled to a good life in the country

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Speaker 4: that your grandparents built.

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Speaker 1: That Senator JD Vance there, he went on to question

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Speaker 1: Governor Walls's military service, making claims of stolen valor. Russia

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Speaker 1: is fighting off the largest Ukrainian invasion on its soil

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Speaker 1: since the start of their war. In twenty twenty two,

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Speaker 1: as many as one thousand Ukrainian troops crossed into Russia

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Speaker 1: with a goal of seizing part of the country's Curse region.

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Speaker 1: White House Press Secretary Karin Jean Pierre questioned the motive

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Speaker 1: behind the incursion, but reinforced American support for Ukraine.

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Speaker 5: As for the specific operation, We're going to reach out

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Speaker 5: to them to see what their objective is and continue

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Speaker 5: to stay focused. We are going to continue to stay

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Speaker 5: focused on making sure they have what they need to

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Speaker 5: defend themselves against Russia's aggression.

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Speaker 1: That is Karine Jean Pierre speaking with reporters now. Russia

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Speaker 1: says it deployed troops, air strikes and artillery as a

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Speaker 1: way of preventing an advance deep into its Tears territory.

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Speaker 1: The head of JP Morgan Chase Jamie Diamond, saying today

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Speaker 1: he is skeptical that inflation will return to the Fed's

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Speaker 1: two percent target. Here is Diamond speaking earlier on CNBC.

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Speaker 6: There's a lot of uncertainty out there. I've always pointed

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Speaker 6: the geopolitics. I was thinking the deficits, the spending, the

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Speaker 6: quantitative tightening, the elections, all these things cause some consternation

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Speaker 6: in markets. And you know the things that are inflationary

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Speaker 6: but are in the future deficits, spending, green economy, you know,

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Speaker 6: remilitarization of the world, and they haven't really happened yet,

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Speaker 6: but they are going to happen, and they're not deflationary.

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Speaker 1: That is Jamie Diamond, the CEO of JP Morgan Chase. Meantime, today,

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Speaker 1: economists at JP Morgan now predict a thirty five percent

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Speaker 1: chance of a US recession by the end of the year.

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Speaker 1: Just last month, that probability, in their view was twenty

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Speaker 1: five percent. After the Bell Warner Brothers, Discovery posted a

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Speaker 1: second quarter charge of more than nine billion dollars. That's

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Speaker 1: after writing down the value of the company's traditional TV network.

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Speaker 1: Bloomberg's Chris Paul Mary tells us this may be a

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Speaker 1: watershed moment for the shift from traditional TV to streaming.

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Speaker 3: Discovery, as was called back then, made a big acquisition

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Speaker 3: of Warner Brothers just a couple of years ago, forty

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Speaker 3: three billion dollars brought together all these famous cable networks

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Speaker 3: CNNTNT and that, and what they're recognized today basically is

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Speaker 3: that they've declined a lot in value. This is a

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Speaker 3: reflection of what's been happening. All of us are watching

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Speaker 3: things on streaming and they're not on cable TV. Advertisings

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Speaker 3: down as the fees they get from cable operators are

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Speaker 3: down because customers are cutting the cords.

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Speaker 1: That is Bloomberg's Chris Paul Mary Now. Warner Brothers Discovery

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Speaker 1: did post second quarter revenue of nine point seven billion

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Speaker 1: that was four hundred million dollars less than estimates. Shares

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Speaker 1: and Warner Brothers Discovery were down more than eight percent

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Speaker 1: in late US trading. Top Golf Callaway Brands is conducting

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Speaker 1: a strategic review of the company's top golf driving range chain,

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Speaker 1: including a potential spinoff. More from Bloomberg's Charlie Pellett.

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Speaker 7: The move it comes as its struggles to attract enough

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Speaker 7: golfers to its venues. CEO Chip Brewer says the company

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Speaker 7: who's been disappointed in its stock performance for some time,

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Speaker 7: as well as the more recent same venue sales performance.

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Speaker 7: He says, as a result, it is in the process

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Speaker 7: of conducting a full strategic review of Top Golf. Callaway

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Speaker 7: acquired Top Golf in twenty twenty and a deal that

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Speaker 7: valued the business at about two billion dollars At the time,

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Speaker 7: Executives said they hoped to attract new customers and add

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Speaker 7: more digital components to the sport to become the peloton

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Speaker 7: of golf in New York. Charlie Pellett Bloomberg Radio.

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Speaker 1: New information is emerging about the Alaskan Airlines flight that

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Speaker 1: had a door panel rip off in mid flight back

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Speaker 1: in January. The National Transportation Safety Board held a twenty

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Speaker 1: hour long hearing over the past two days to look

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Speaker 1: for answers. Bloomberg's Amy Morris has more from Washington.

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Speaker 2: The hearing focused on safety and production quality issues at Boeing.

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Speaker 2: NTSB chair Jennifer Homandy says they had already heard from

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Speaker 2: Boeing workers about the plane fuselage pieces showing up the factory.

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Speaker 2: One Boeing employee, not a contractor, said planes come in

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Speaker 2: jacked up every day, and in that hearing new first

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Speaker 2: person accounts of what it was like for the pilots

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Speaker 2: on that Alaska Airlines plane with their headsets ripped off,

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Speaker 2: having to use hand signals to communicate. They knew the

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Speaker 2: plane had depressurized, but they didn't know why, and they

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Speaker 2: didn't know the condition of the plane until they were

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Speaker 2: able to land in Washington. Amy Morris, Bloomberg Radio.

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Speaker 1: And we're keeping track of the metal count at the

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Speaker 1: Paris Summer Games right now, the US with ninety four,

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Speaker 1: China with sixty five, France has fifty one, and Great

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Speaker 1: Britain forty nine. In terms of gold, the US has

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Speaker 1: the most with twenty seven. That is news when you

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Speaker 1: want it with Bloomberg News. Now, I'm Doug Prisoner and

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Speaker 1: this is Bloomberg