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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: Karen, Election Day is here. More than eighty one million

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Speaker 2: votes have already been cast in one of the closest

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Speaker 2: and most divisive presidential campaigns this country has ever seen. Now,

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Speaker 2: for Kamala Harris and Donald Trump, all that's left to

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Speaker 2: do is to watch and wait as millions more Americans

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Speaker 2: turn to their polling places and vote in person. The

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Speaker 2: Vice President spent the last day of her campaign in Pennsylvania.

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Speaker 2: Her final rally was at the Philadelphia Steps made famous

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Speaker 2: in the movie Rocky.

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Speaker 3: America is ready for a fresh start, ready for a

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Speaker 3: new way forward where we see our fellow American.

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Speaker 4: Not as an enemy, but as a neighbor.

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Speaker 2: Kamala Harris was joined by a parade of celebrities, including

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Speaker 2: Lady Gaga and Oprah Winfrey.

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Speaker 5: If we don't show up tomorrow, it is entirely possible

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Speaker 5: that we will not have the opportunity to ever cast

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Speaker 5: a ballot again.

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Speaker 2: Earlier, pop star Katie Perry headlined a rally for Kamala

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Speaker 2: Harris in Pittsburgh.

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Speaker 6: I Know she will protect my daughter's future, and your

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Speaker 6: children's future, and our family's future. So Pittsburgh, let's ring

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Speaker 6: Kamala Harris the next president of the United States.

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Speaker 2: Kamala Harris also held events in Allentown and Scranton before

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Speaker 2: arriving in Pennsylvania's two largest cities. She will watch the

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Speaker 2: results roll in tonight at her alma mater, Howard University

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Speaker 2: in Washington, d c.

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Speaker 1: Well Nathan Donald Trump also had his site set on Pennsylvania.

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Speaker 1: In the campaign's final day, the former president held his

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Speaker 1: own rally in Pittsburgh. And he's already accusing Democrats of

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Speaker 1: trying to rig the election.

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Speaker 7: This is that big, powerful, vicious party of them, vicious machine.

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Speaker 7: I mean, they can take all these bad ideas and

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Speaker 7: win elections.

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Speaker 3: It's like, there's only way you could do that.

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Speaker 8: One way.

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Speaker 1: There's only one way. Donald Trump also had rallies in Reading,

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Speaker 1: Pennsylvania and Raleigh, North Carolina, where he told supporters the

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Speaker 1: election is theirs to lose. He closed out his campaign

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Speaker 1: in the same place he ended his runs in twenty

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Speaker 1: sixteen and twenty twenty, Battle Creek, Michigan.

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Speaker 9: We have a silent majority, but we're just sort of

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Speaker 9: speaking up.

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Speaker 10: This has showed that the level of enthusiasm is five

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Speaker 10: times greater than their level.

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Speaker 1: And on this election day, Donald Trump will head back

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Speaker 1: to his home state of Florida to watch the results

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Speaker 1: roll in from the Palm Beach Convention Center.

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Speaker 2: And Karen Trump has picked up one more endorsement from

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Speaker 2: popular podcast hosts Joe Rogan. Bloomberg's Derek Wallbank has more

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Speaker 2: on the impact of celebrity nods.

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Speaker 11: I think a lot of these are baked in right

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Speaker 11: If you listen to Joe Rogan's podcast where he's had

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Speaker 11: on Trump and Elon Musk and all sorts of other

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Speaker 11: people like that, you probably we're voting for Donald Trump anyway.

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Speaker 11: I'm not sure that there's somebody who sits there right

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Speaker 11: now who says, oh my goodness, Joe Rogan said something,

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Speaker 11: I'm going to go vote the way that he does.

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Speaker 11: You know, ditto Taylor Swift, but you know, for Kamala Harris.

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Speaker 11: But you can see some of these move the needles,

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Speaker 11: and sometimes they really do. Now, Harris has made a

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Speaker 11: very big show of having a lot of former Republicans

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Speaker 11: who are with her. Liz cheneyus one of those. And

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Speaker 11: Trump has done the exact same thing in reverse Chelsea Gabbert,

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Speaker 11: the former Hawaii congresswoman who at one point ran for

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Speaker 11: president as a Democrat, as well as RFK Junior.

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Speaker 2: To that point, Bloomberg's Eric Wallbank notes Joe Rogan endorsed

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Speaker 2: Bernie Sanders in twenty twenty.

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Speaker 1: Well Nathan. The battle for control of the US Congress

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Speaker 1: has top ten billion dollars as the two parties buy

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Speaker 1: for power and influence over taxes, spending, the president's agenda,

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Speaker 1: and more. Bloomberg's Amy Morris brings us a preview of

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Speaker 1: this Senate races from Washington.

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Speaker 3: Republicans are currently favored to gain the Senate majority based

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Speaker 3: on a favorable map. Key races to watch include Montana,

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Speaker 3: where three term incumbent John Tester has trailed Republican newcomer

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Speaker 3: Tim Sheehey, Ohio, where Shared Brown is defending his seat

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Speaker 3: against car dealer Bernie Moreno, and the wild Cards. Democrats

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Speaker 3: need upset wins in Texas, Florida, or Nebraska, where the

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Speaker 3: race is neck and neck. Democrats would also need to

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Speaker 3: keep their seats in the presidential blue wall battlegrounds of Pennsylvania, Wisconsin,

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Speaker 3: and Michigan, where the races have tightened also in Arizona

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Speaker 3: and Nevada. In Washington, Amy Morris Bloomberg Radio.

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Speaker 2: All right, Amy, thanks, let's turn to Wall Street. Now

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Speaker 2: see how markets are faring. Is millions of Americans get

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Speaker 2: ready to cast their ballots. Bloomberg's John Tucker joins us

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Speaker 2: from New York.

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Speaker 10: John and Nathan Trader's taking a pretty cautious approach as

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Speaker 10: the polls are said to open. Mike Wilson of Morgan

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Speaker 10: Stanley says a number of different scenarios could play out.

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Speaker 12: Minds have sold off probably too much, and the renewables

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Speaker 12: and things like consumer goods companies will be here by

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Speaker 12: Tariffs have really been hammered. So if Harris wins, you

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Speaker 12: could see really a pretty big rebound in some markets,

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Speaker 12: you know. So there's a lot of permutations here.

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Speaker 10: Coin toss election. He is leading some hedge funds to

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Speaker 10: favorite currency options that will gain from a weaker dollar

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Speaker 10: should Harris win the presidency. Chris weston Pepperstone Group says

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Speaker 10: the US dollars probably the cleanest expression of the election.

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Speaker 10: Then you have an index of the dollar that is

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Speaker 10: down a tenth of a percent this morning. It fell

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Speaker 10: by the most in more than a month yesterday, as

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Speaker 10: investors walk back bets on a Trump win meantime, shares

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Speaker 10: of Trump media right now there are up over five

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Speaker 10: percent pre market. And then there are the prediction markets.

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Speaker 10: They put the odds at one in three that the

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Speaker 10: election can't be called until after Wednesday in New York.

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Speaker 10: I'm John Tucker, Bloomberg Radio.

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Speaker 1: All right, John, thank you well. Join us for complete

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Speaker 1: cover to the election results tonight. It kicks off at

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Speaker 1: five pm Eastern with a special two hour edition of

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Speaker 1: Balance of Power, followed by coast to coast Team Bloomberg

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Speaker 1: coverage at seven pm. Get live election results in analysis

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Speaker 1: with context on Bloomberg Radio, Television and the Bloomberg Podcast

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Speaker 1: YouTube channel.

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Speaker 2: Well, Karen, there's been one more important vote for a

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Speaker 2: new labor contract at Boeing. It's approved, the strike is over,

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Speaker 2: and shares are up more than two percent this morning.

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Speaker 2: Let's get the latest on the piece at Boeing with

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Speaker 2: Bloomberg's Lisa Matteo.

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Speaker 4: Lisa, good morning, Nathan. After fifty three days hourly workers, well,

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Speaker 4: they can start returning to factories in Washington, Oregon, and

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Speaker 4: California as soon as tomorrow. District seven to fifty one.

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Speaker 4: President John Holden called it a win for the union.

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Speaker 7: They secured a victory. They voted by fifty nine percent

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Speaker 7: to accept the agreement, and they get to move forward.

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Speaker 7: The strike will end, and now it's our job to

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Speaker 7: get back to work and start building the airplanes, increase

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Speaker 7: the rates, and bring this company back to financial success.

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Speaker 4: Now, So mesamt's say, the walkout cost bowing about one

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Speaker 4: hundred million dollars a day in lost revenue. The new

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Speaker 4: labor contract that includes a thirty eight percent wage increase

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Speaker 4: over four years and enhanced retirement contributions. New CEO Kelly Ortborg,

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Speaker 4: he will praise the President Joe Biden congratulated both sides

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Speaker 4: for coming together.

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Speaker 3: Now.

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Speaker 4: Jeffrey's analyst estimates Boeing faces about one point one billion

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Speaker 4: dollars in higher salary costs over four years under the deal.

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Speaker 4: Lisa Matteo, Bloomberg Radio, all.

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Speaker 1: Right, Lisa, thank you. Another stock on the move this

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Speaker 1: morning is Pallenteer, and those shares they're up almost thirteen percent.

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Speaker 1: The company reported quarterly revenue above estimates and raised its

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Speaker 1: forecast for operating income in the current period. Pallunteer sites

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Speaker 1: high demand in the US for its artificial intelligence software.

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Speaker 1: Time now for look at some of the other stories

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Speaker 1: making news in New York and around the world, and

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Speaker 1: for that we're joined by Bloomberg's Michael Barr or Michael

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Speaker 1: good morning.

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Speaker 13: Good morning, Karen. Officials have been preparing for months to

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Speaker 13: keep pole workers safe on this election day. This volunteer

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Speaker 13: is in the battleground state of Pennsylvania.

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Speaker 1: Blessedly my sixteenth election that I've worked at poles on

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Speaker 1: real concern about safety.

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Speaker 3: I never was afraid before to work the pole. This year,

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Speaker 3: I'm a little bit nervous.

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Speaker 13: In Durham County, North Carolina, they have new safeguards in

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Speaker 13: place the elections directors as they implemented de escalation alert

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Speaker 13: badges for all of the chief judges and site coordinators

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Speaker 13: to wear. If they pressed the button, it immediately connects

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Speaker 13: to nine to one one. Russia is reportedly accused of

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Speaker 13: planting devices designed to catch fire on cargo planes bound

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Speaker 13: for the US and Canada. According to The Wall Street Journal,

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Speaker 13: Western officials say the incendiary devices were shipped via DHL

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Speaker 13: as part of Russia's covert sabotage campaign against Washington and

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Speaker 13: its allies. Two of the devices reportedly ignited at DHL

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Speaker 13: Logistics subs in July, one in Germany and another in

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Speaker 13: the UK. Former Pentagon senior official Steve Ganyard says, if successful,

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Speaker 13: Russia could have grounded all flights between Europe and North America.

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Speaker 2: This is an extraordinarily dangerous move by Russian military and

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Speaker 2: time intelligence.

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Speaker 14: To do something like this could potentially bring down an airliner.

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Speaker 13: Former Pentagon senior official Steve Ganyard spoke to ABC. South

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Speaker 13: Korea says North Korea has launched more missiles, this time

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Speaker 13: short range missiles toward its eastern Sea. Last week, they

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Speaker 13: tested what they claimed was an ultimate ICBM capable of

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Speaker 13: reaching the US mainland with energy and sports drinks and

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Speaker 13: coffee drinks popular among teens. New study finds the rate

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Speaker 13: of kids visiting hospital emergency rooms for caffeine overdoses has

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Speaker 13: about doubled since twenty seventeen. Stanford Children's health doctor A.

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Speaker 13: Luke Pattel says children are not heating warnings about too

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Speaker 13: much caffeine.

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Speaker 15: Went in doubt, take the can, turn it around and

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Speaker 15: look to see how many milligrams of caffeine are in

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Speaker 15: that beverage, or go online and look it up before

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Speaker 15: giving your child or teen, any beverage, you should absolutely

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Speaker 15: know what's in.

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Speaker 13: It, Doctor Pittel told ABC. The American Academy of Pediatrics

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Speaker 13: recommends teens consume no more than and one hundred milligrams

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Speaker 13: of caffeine daily. That's about a cup of coffee a day.

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Speaker 13: Global News twenty four hours a day, and whenever you

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Speaker 13: wanted with the Bloomberg News. Now, I'm Michael barrn. This

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Speaker 13: is Bloomberg Karen.

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Speaker 1: All right, Milchael barr thank you time now for the

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Speaker 1: Bloomberg Sports up date, brought to you by Trient State Outy.

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Speaker 1: Here's John Stanshower. John, Good morning, Give morning Karen.

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Speaker 9: There's never been a Super Bowl three p Kansas City

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Speaker 9: Chiefs certainly look capable of being the first to do

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Speaker 9: and Monday football in casey Patrick Mahomes three touchdown passes,

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Speaker 9: two went their recent acquisition DeAndre Hopkins, Travis Kelcey fourteen catches,

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Speaker 9: one hundred yards. Tampa Bay tied the game, scoring with

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Speaker 9: twenty seven seconds left and then kicked off and overtime.

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Speaker 8: Never got the balls. The Chiefs went down the field.

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Speaker 10: Here is hunt for the touchsdown. Kansas City remains Unbeatenay no,

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Speaker 10: it'll win it over time.

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Speaker 9: The ESPN Chiefs beat the Bucks thirty to twenty four.

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Speaker 9: They signed Kareem Hunt during this and he had over

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Speaker 9: one hundred yards on the ground and that game winning TD.

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Speaker 9: So the Chiefs are eight and o. The Saints were

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Speaker 9: once two and over. They've lost their last seven. They

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Speaker 9: fired coach Dennis Allen. Assistant Darren Rizzy takes over Cowboys

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Speaker 9: just three and five, yet to win at home, and

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Speaker 9: now they'll play the next several games without Dak Prescott

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Speaker 9: hamstring injury. Cooper Rushed becomes the starting QWB in Dallas.

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Speaker 9: No NBA tonight busy Monday slight, including the next end

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Speaker 9: of a three game road trip, losing in Houston one

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Speaker 9: on nine ninety seven. Jalen Brunson led the next with

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Speaker 9: twenty nine. The Nets pulled out on one of the

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Speaker 9: sixty one oh four home went over Memphis Celtics now

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Speaker 9: seven and one, they won by thirty. In Atlanta, Golden

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Speaker 9: State beat the Wizards. Cleveland top Milwaukee by two. The

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Speaker 9: Cans are eight to o.

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Speaker 8: Devil's three nothing winning Edmonton opening night.

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Speaker 9: In college basketball, Saint John's blew out four h Tom

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Speaker 9: ninety two to sixty, much closer for Seaton Hall fifty

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Speaker 9: seven to fifty three over Saint Peter's. Two days after

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Speaker 9: Garrett Cole opted out of his Yankee contract, He's now

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Speaker 9: back in with a new deal expected.

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Speaker 8: John Stanshanwerre Bloomberg Sports carry Nasty.

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Speaker 16: Coast to Coast on Bloomberg Radio, nationwide on Syrias XM,

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Speaker 16: and around the world on Bloomberg dot Com and the

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Speaker 16: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 16: Nathan Hager.

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Speaker 2: One of the most divisive and most unpredictable presidential campaigns

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Speaker 2: in American history has finally reached the finish line for

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Speaker 2: Donald Trump and Kamala Harris.

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Speaker 9: We're going to have the greatest victory in the history

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Speaker 9: of our country.

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Speaker 3: It is time for a new.

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Speaker 2: Generation of leadership in America. A former president and vice

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Speaker 2: president closed out their campaigns last night in Battle Creek,

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Speaker 2: Michigan and Philadelphia, Pennsylvania, respectively. This morning, we are joined

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Speaker 2: by Terry Haynes, the founder of Pangaea Policy and Terry,

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Speaker 2: we've gotten the first official results of election twenty twenty four.

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Speaker 2: By tradition, Dixville Notch, New Hampshire, and mirroring the polls.

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Speaker 2: It's three votes apiece for Harris and Trump. Is that

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Speaker 2: a signal of what's to come?

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Speaker 8: After all? The closed tonight? Good morning?

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Speaker 14: Well, it's good morning, Nathan as Nick Dixville. Notch goes,

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Speaker 14: so goes the nation? Right, Yeah, I think, you know,

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Speaker 14: I do think it's going to be closed. I think

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Speaker 14: what we end up with, though, is, you know, for markets,

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Speaker 14: in terms of importance, seventy percent split politically split Washington

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Speaker 14: and about sixty percent likely Harris wins. The reason I

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Speaker 14: put the split Washington first is because markets want to

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Speaker 14: understand policy results and want to be able to anticipate them.

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Speaker 14: And what you get out of what you get out

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Speaker 14: of a politically split Washington in this case, a barely

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Speaker 14: democratic House and a barely democratic Senate is really the

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Speaker 14: remixed policy status quo from the last few years that's

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Speaker 14: probably negative for fiscal negative for tax among other things.

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Speaker 2: Want to be clear, you're calling for a barely democratic Senate.

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Speaker 14: Barely democratic House, I'm sorry, in a tiny majority Republican

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Speaker 14: Senate in both of these cases. You know what this

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Speaker 14: really comes down to is gravity. You've got a situation

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Speaker 14: where there's Democrats are defending eight eight Senate seats that

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Speaker 14: are competitive. Can they get them all? Yes? Will they

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Speaker 14: get them all? That's unlikely. And in the House, where

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Speaker 14: you've got one sixth of the seats that are competitive

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Speaker 14: and twenty two pure toss ups, it's you know, I

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Speaker 14: think it's likelier than not that the majority changes hands,

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Speaker 14: but not that it's a huge difference or some sort

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Speaker 14: of blowout.

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Speaker 2: You've been calling sixty percent Harris for quite some time.

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Speaker 2: The final polls seem to show a little bit of

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Speaker 2: a narrowing, perhaps in Harris's favor. What's the possibility that

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Speaker 2: the odds could tip Trump's way?

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Speaker 14: Well, there, you know, I have Trump at forty percent,

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Speaker 14: and I don't discount Trump's chances at all. What you've

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Speaker 14: got is a situation with in polling. Think about this

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Speaker 14: two ways. One is that the poles are taught, but

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Speaker 14: the polls all have margins of era of four percent.

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Speaker 14: So if there's margins of error at play in some ways, somehow,

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Speaker 14: some way, either in Harris's direction or Trump's direction, you know,

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Speaker 14: that produces a very different sort of result. Secondly, let's

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Speaker 14: remember that the highest turnout we've ever had was in

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Speaker 14: twenty twenty and that was a sixty six percent, which

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Speaker 14: introduces its own skew, since what you're looking at in

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Speaker 14: a poll is the assumption and likely voters that nearly

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Speaker 14: all of them show up, but if two thirds of

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Speaker 14: them show up, that introduces another skew. So, you know,

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Speaker 14: my view of the race has simply been that, you know,

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Speaker 14: Harris's enthusiasm, her message, discipline, her ability to turn out

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Speaker 14: the vote probably enables her to eke out a win

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Speaker 14: over Trump.

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Speaker 2: Just thirty seconds left, we've already had more than eighty

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Speaker 2: one million Americans turn out to vote in early voting.

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Speaker 8: What does that tell you about how the result could

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Speaker 8: come down?

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Speaker 14: Generally speaking, what we've had is from two thousand to today,

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Speaker 14: we've had about fifteen percent increase in voting turnout overall,

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Speaker 14: and that that has generally benefited Democrats, you know, going

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Speaker 14: back to elections, you know that's not a guarantee by

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Speaker 14: any means, but generally speaking, Democrats have done very well

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Speaker 14: when turnout is up.

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Speaker 1: This is Bloomberg Daybreak, your morning podcast on the stories

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Speaker 3: I'm Karen Moscow.

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Speaker 8: And I'm Nathan Hager.

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Speaker 2: Join us again tomorrow morning for all the news you

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Speaker 2: need to start your day right here on Bloomberg Debreak