WEBVTT - Election Day Arrives; Boeing Strike Ends

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

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

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<v Speaker 1>following today.

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<v Speaker 2>Karen, Election Day is here. More than eighty one million

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<v Speaker 2>votes have already been cast in one of the closest

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<v Speaker 2>and most divisive presidential campaigns this country has ever seen. Now,

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<v Speaker 2>for Kamala Harris and Donald Trump, all that's left to

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<v Speaker 2>do is to watch and wait as millions more Americans

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<v Speaker 2>turn to their polling places and vote in person. The

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<v Speaker 2>Vice President spent the last day of her campaign in Pennsylvania.

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<v Speaker 2>Her final rally was at the Philadelphia Steps made famous

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<v Speaker 2>in the movie Rocky.

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<v Speaker 3>America is ready for a fresh start, ready for a

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<v Speaker 3>new way forward where we see our fellow American.

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<v Speaker 4>Not as an enemy, but as a neighbor.

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<v Speaker 2>Kamala Harris was joined by a parade of celebrities, including

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<v Speaker 2>Lady Gaga and Oprah Winfrey.

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<v Speaker 5>If we don't show up tomorrow, it is entirely possible

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<v Speaker 5>that we will not have the opportunity to ever cast

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<v Speaker 5>a ballot again.

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<v Speaker 2>Earlier, pop star Katie Perry headlined a rally for Kamala

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<v Speaker 2>Harris in Pittsburgh.

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<v Speaker 6>I Know she will protect my daughter's future, and your

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<v Speaker 6>children's future, and our family's future. So Pittsburgh, let's ring

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<v Speaker 6>Kamala Harris the next president of the United States.

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<v Speaker 2>Kamala Harris also held events in Allentown and Scranton before

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<v Speaker 2>arriving in Pennsylvania's two largest cities. She will watch the

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<v Speaker 2>results roll in tonight at her alma mater, Howard University

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<v Speaker 2>in Washington, d c.

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<v Speaker 1>Well Nathan Donald Trump also had his site set on Pennsylvania.

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<v Speaker 1>In the campaign's final day, the former president held his

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<v Speaker 1>own rally in Pittsburgh. And he's already accusing Democrats of

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<v Speaker 1>trying to rig the election.

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<v Speaker 7>This is that big, powerful, vicious party of them, vicious machine.

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<v Speaker 7>I mean, they can take all these bad ideas and

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<v Speaker 7>win elections.

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<v Speaker 3>It's like, there's only way you could do that.

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<v Speaker 8>One way.

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

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<v Speaker 1>Pennsylvania and Raleigh, North Carolina, where he told supporters the

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<v Speaker 1>election is theirs to lose. He closed out his campaign

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<v Speaker 1>in the same place he ended his runs in twenty

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<v Speaker 1>sixteen and twenty twenty, Battle Creek, Michigan.

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<v Speaker 9>We have a silent majority, but we're just sort of

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<v Speaker 9>speaking up.

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<v Speaker 10>This has showed that the level of enthusiasm is five

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<v Speaker 10>times greater than their level.

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<v Speaker 1>And on this election day, Donald Trump will head back

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<v Speaker 1>to his home state of Florida to watch the results

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<v Speaker 1>roll in from the Palm Beach Convention Center.

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<v Speaker 2>And Karen Trump has picked up one more endorsement from

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<v Speaker 2>popular podcast hosts Joe Rogan. Bloomberg's Derek Wallbank has more

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<v Speaker 2>on the impact of celebrity nods.

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<v Speaker 11>I think a lot of these are baked in right

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<v Speaker 11>If you listen to Joe Rogan's podcast where he's had

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<v Speaker 11>on Trump and Elon Musk and all sorts of other

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

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<v Speaker 11>I'm not sure that there's somebody who sits there right

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<v Speaker 11>now who says, oh my goodness, Joe Rogan said something,

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<v Speaker 11>I'm going to go vote the way that he does.

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<v Speaker 11>You know, ditto Taylor Swift, but you know, for Kamala Harris.

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<v Speaker 11>But you can see some of these move the needles,

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<v Speaker 11>and sometimes they really do. Now, Harris has made a

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<v Speaker 11>very big show of having a lot of former Republicans

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<v Speaker 11>who are with her. Liz cheneyus one of those. And

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<v Speaker 11>Trump has done the exact same thing in reverse Chelsea Gabbert,

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<v Speaker 11>the former Hawaii congresswoman who at one point ran for

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<v Speaker 11>president as a Democrat, as well as RFK Junior.

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<v Speaker 2>To that point, Bloomberg's Eric Wallbank notes Joe Rogan endorsed

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<v Speaker 2>Bernie Sanders in twenty twenty.

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<v Speaker 1>Well Nathan. The battle for control of the US Congress

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<v Speaker 1>has top ten billion dollars as the two parties buy

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<v Speaker 1>for power and influence over taxes, spending, the president's agenda,

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<v Speaker 1>and more. Bloomberg's Amy Morris brings us a preview of

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<v Speaker 1>this Senate races from Washington.

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<v Speaker 3>Republicans are currently favored to gain the Senate majority based

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<v Speaker 3>on a favorable map. Key races to watch include Montana,

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<v Speaker 3>where three term incumbent John Tester has trailed Republican newcomer

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<v Speaker 3>Tim Sheehey, Ohio, where Shared Brown is defending his seat

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<v Speaker 3>against car dealer Bernie Moreno, and the wild Cards. Democrats

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<v Speaker 3>need upset wins in Texas, Florida, or Nebraska, where the

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<v Speaker 3>race is neck and neck. Democrats would also need to

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<v Speaker 3>keep their seats in the presidential blue wall battlegrounds of Pennsylvania, Wisconsin,

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<v Speaker 3>and Michigan, where the races have tightened also in Arizona

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<v Speaker 3>and Nevada. In Washington, Amy Morris Bloomberg Radio.

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

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<v Speaker 2>see how markets are faring. Is millions of Americans get

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<v Speaker 2>ready to cast their ballots. Bloomberg's John Tucker joins us

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<v Speaker 2>from New York.

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<v Speaker 10>John and Nathan Trader's taking a pretty cautious approach as

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<v Speaker 10>the polls are said to open. Mike Wilson of Morgan

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<v Speaker 10>Stanley says a number of different scenarios could play out.

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<v Speaker 12>Minds have sold off probably too much, and the renewables

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<v Speaker 12>and things like consumer goods companies will be here by

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<v Speaker 12>Tariffs have really been hammered. So if Harris wins, you

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<v Speaker 12>could see really a pretty big rebound in some markets,

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<v Speaker 12>you know. So there's a lot of permutations here.

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<v Speaker 10>Coin toss election. He is leading some hedge funds to

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<v Speaker 10>favorite currency options that will gain from a weaker dollar

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<v Speaker 10>should Harris win the presidency. Chris weston Pepperstone Group says

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<v Speaker 10>the US dollars probably the cleanest expression of the election.

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<v Speaker 10>Then you have an index of the dollar that is

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<v Speaker 10>down a tenth of a percent this morning. It fell

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<v Speaker 10>by the most in more than a month yesterday, as

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<v Speaker 10>investors walk back bets on a Trump win meantime, shares

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<v Speaker 10>of Trump media right now there are up over five

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<v Speaker 10>percent pre market. And then there are the prediction markets.

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<v Speaker 10>They put the odds at one in three that the

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<v Speaker 10>election can't be called until after Wednesday in New York.

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<v Speaker 10>I'm John Tucker, Bloomberg Radio.

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<v Speaker 1>All right, John, thank you well. Join us for complete

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<v Speaker 1>cover to the election results tonight. It kicks off at

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<v Speaker 1>five pm Eastern with a special two hour edition of

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<v Speaker 1>Balance of Power, followed by coast to coast Team Bloomberg

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<v Speaker 1>coverage at seven pm. Get live election results in analysis

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<v Speaker 1>with context on Bloomberg Radio, Television and the Bloomberg Podcast

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<v Speaker 1>YouTube channel.

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<v Speaker 2>Well, Karen, there's been one more important vote for a

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

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<v Speaker 2>and shares are up more than two percent this morning.

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<v Speaker 2>Let's get the latest on the piece at Boeing with

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<v Speaker 2>Bloomberg's Lisa Matteo.

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<v Speaker 4>Lisa, good morning, Nathan. After fifty three days hourly workers, well,

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<v Speaker 4>they can start returning to factories in Washington, Oregon, and

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<v Speaker 4>California as soon as tomorrow. District seven to fifty one.

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<v Speaker 4>President John Holden called it a win for the union.

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<v Speaker 7>They secured a victory. They voted by fifty nine percent

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<v Speaker 7>to accept the agreement, and they get to move forward.

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<v Speaker 7>The strike will end, and now it's our job to

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<v Speaker 7>get back to work and start building the airplanes, increase

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<v Speaker 7>the rates, and bring this company back to financial success.

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<v Speaker 4>Now, So mesamt's say, the walkout cost bowing about one

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<v Speaker 4>hundred million dollars a day in lost revenue. The new

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<v Speaker 4>labor contract that includes a thirty eight percent wage increase

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<v Speaker 4>over four years and enhanced retirement contributions. New CEO Kelly Ortborg,

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<v Speaker 4>he will praise the President Joe Biden congratulated both sides

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<v Speaker 4>for coming together.

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<v Speaker 3>Now.

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<v Speaker 4>Jeffrey's analyst estimates Boeing faces about one point one billion

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<v Speaker 4>dollars in higher salary costs over four years under the deal.

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<v Speaker 4>Lisa Matteo, Bloomberg Radio, all.

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<v Speaker 1>Right, Lisa, thank you. Another stock on the move this

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

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<v Speaker 1>The company reported quarterly revenue above estimates and raised its

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<v Speaker 1>forecast for operating income in the current period. Pallunteer sites

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<v Speaker 1>high demand in the US for its artificial intelligence software.

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<v Speaker 1>Time now for look at some of the other stories

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<v Speaker 1>making news in New York and around the world, and

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<v Speaker 1>for that we're joined by Bloomberg's Michael Barr or Michael

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<v Speaker 1>good morning.

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<v Speaker 13>Good morning, Karen. Officials have been preparing for months to

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<v Speaker 13>keep pole workers safe on this election day. This volunteer

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<v Speaker 13>is in the battleground state of Pennsylvania.

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<v Speaker 1>Blessedly my sixteenth election that I've worked at poles on

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<v Speaker 1>real concern about safety.

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<v Speaker 3>I never was afraid before to work the pole. This year,

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<v Speaker 3>I'm a little bit nervous.

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<v Speaker 13>In Durham County, North Carolina, they have new safeguards in

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<v Speaker 13>place the elections directors as they implemented de escalation alert

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<v Speaker 13>badges for all of the chief judges and site coordinators

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<v Speaker 13>to wear. If they pressed the button, it immediately connects

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<v Speaker 13>to nine to one one. Russia is reportedly accused of

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<v Speaker 13>planting devices designed to catch fire on cargo planes bound

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<v Speaker 13>for the US and Canada. According to The Wall Street Journal,

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<v Speaker 13>Western officials say the incendiary devices were shipped via DHL

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<v Speaker 13>as part of Russia's covert sabotage campaign against Washington and

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<v Speaker 13>its allies. Two of the devices reportedly ignited at DHL

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<v Speaker 13>Logistics subs in July, one in Germany and another in

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<v Speaker 13>the UK. Former Pentagon senior official Steve Ganyard says, if successful,

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<v Speaker 13>Russia could have grounded all flights between Europe and North America.

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<v Speaker 2>This is an extraordinarily dangerous move by Russian military and

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<v Speaker 2>time intelligence.

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<v Speaker 14>To do something like this could potentially bring down an airliner.

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<v Speaker 13>Former Pentagon senior official Steve Ganyard spoke to ABC. South

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<v Speaker 13>Korea says North Korea has launched more missiles, this time

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<v Speaker 13>short range missiles toward its eastern Sea. Last week, they

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<v Speaker 13>tested what they claimed was an ultimate ICBM capable of

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<v Speaker 13>reaching the US mainland with energy and sports drinks and

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<v Speaker 13>coffee drinks popular among teens. New study finds the rate

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<v Speaker 13>of kids visiting hospital emergency rooms for caffeine overdoses has

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<v Speaker 13>about doubled since twenty seventeen. Stanford Children's health doctor A.

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<v Speaker 13>Luke Pattel says children are not heating warnings about too

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<v Speaker 13>much caffeine.

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<v Speaker 15>Went in doubt, take the can, turn it around and

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<v Speaker 15>look to see how many milligrams of caffeine are in

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<v Speaker 15>that beverage, or go online and look it up before

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<v Speaker 15>giving your child or teen, any beverage, you should absolutely

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<v Speaker 15>know what's in.

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<v Speaker 13>It, Doctor Pittel told ABC. The American Academy of Pediatrics

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<v Speaker 13>recommends teens consume no more than and one hundred milligrams

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<v Speaker 13>of caffeine daily. That's about a cup of coffee a day.

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<v Speaker 13>Global News twenty four hours a day, and whenever you

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

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<v Speaker 13>is Bloomberg Karen.

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<v Speaker 1>All right, Milchael barr thank you time now for the

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<v Speaker 1>Bloomberg Sports up date, brought to you by Trient State Outy.

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<v Speaker 1>Here's John Stanshower. John, Good morning, Give morning Karen.

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<v Speaker 9>There's never been a Super Bowl three p Kansas City

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<v Speaker 9>Chiefs certainly look capable of being the first to do

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<v Speaker 9>and Monday football in casey Patrick Mahomes three touchdown passes,

0:10:30.920 --> 0:10:35.320
<v Speaker 9>two went their recent acquisition DeAndre Hopkins, Travis Kelcey fourteen catches,

0:10:35.360 --> 0:10:38.040
<v Speaker 9>one hundred yards. Tampa Bay tied the game, scoring with

0:10:38.240 --> 0:10:40.960
<v Speaker 9>twenty seven seconds left and then kicked off and overtime.

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<v Speaker 8>Never got the balls. The Chiefs went down the field.

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<v Speaker 10>Here is hunt for the touchsdown. Kansas City remains Unbeatenay no,

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<v Speaker 10>it'll win it over time.

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<v Speaker 9>The ESPN Chiefs beat the Bucks thirty to twenty four.

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<v Speaker 9>They signed Kareem Hunt during this and he had over

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<v Speaker 9>one hundred yards on the ground and that game winning TD.

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<v Speaker 9>So the Chiefs are eight and o. The Saints were

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<v Speaker 9>once two and over. They've lost their last seven. They

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<v Speaker 9>fired coach Dennis Allen. Assistant Darren Rizzy takes over Cowboys

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<v Speaker 9>just three and five, yet to win at home, and

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<v Speaker 9>now they'll play the next several games without Dak Prescott

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<v Speaker 9>hamstring injury. Cooper Rushed becomes the starting QWB in Dallas.

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<v Speaker 9>No NBA tonight busy Monday slight, including the next end

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<v Speaker 9>of a three game road trip, losing in Houston one

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<v Speaker 9>on nine ninety seven. Jalen Brunson led the next with

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<v Speaker 9>twenty nine. The Nets pulled out on one of the

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<v Speaker 9>sixty one oh four home went over Memphis Celtics now

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<v Speaker 9>seven and one, they won by thirty. In Atlanta, Golden

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<v Speaker 9>State beat the Wizards. Cleveland top Milwaukee by two. The

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<v Speaker 9>Cans are eight to o.

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<v Speaker 8>Devil's three nothing winning Edmonton opening night.

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<v Speaker 9>In college basketball, Saint John's blew out four h Tom

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<v Speaker 9>ninety two to sixty, much closer for Seaton Hall fifty

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<v Speaker 9>seven to fifty three over Saint Peter's. Two days after

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<v Speaker 9>Garrett Cole opted out of his Yankee contract, He's now

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<v Speaker 9>back in with a new deal expected.

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<v Speaker 8>John Stanshanwerre Bloomberg Sports carry Nasty.

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<v Speaker 16>Coast to Coast on Bloomberg Radio, nationwide on Syrias XM,

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<v Speaker 16>and around the world on Bloomberg dot Com and the

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<v Speaker 16>Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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<v Speaker 16>Nathan Hager.

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<v Speaker 2>One of the most divisive and most unpredictable presidential campaigns

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<v Speaker 2>in American history has finally reached the finish line for

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<v Speaker 2>Donald Trump and Kamala Harris.

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<v Speaker 9>We're going to have the greatest victory in the history

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<v Speaker 9>of our country.

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<v Speaker 3>It is time for a new.

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<v Speaker 2>Generation of leadership in America. A former president and vice

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<v Speaker 2>president closed out their campaigns last night in Battle Creek,

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<v Speaker 2>Michigan and Philadelphia, Pennsylvania, respectively. This morning, we are joined

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<v Speaker 2>by Terry Haynes, the founder of Pangaea Policy and Terry,

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<v Speaker 2>we've gotten the first official results of election twenty twenty four.

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<v Speaker 2>By tradition, Dixville Notch, New Hampshire, and mirroring the polls.

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<v Speaker 2>It's three votes apiece for Harris and Trump. Is that

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<v Speaker 2>a signal of what's to come?

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<v Speaker 8>After all? The closed tonight? Good morning?

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

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<v Speaker 14>so goes the nation? Right, Yeah, I think, you know,

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<v Speaker 14>I do think it's going to be closed. I think

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<v Speaker 14>what we end up with, though, is, you know, for markets,

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<v Speaker 14>in terms of importance, seventy percent split politically split Washington

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<v Speaker 14>and about sixty percent likely Harris wins. The reason I

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<v Speaker 14>put the split Washington first is because markets want to

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<v Speaker 14>understand policy results and want to be able to anticipate them.

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<v Speaker 14>And what you get out of what you get out

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<v Speaker 14>of a politically split Washington in this case, a barely

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<v Speaker 14>democratic House and a barely democratic Senate is really the

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<v Speaker 14>remixed policy status quo from the last few years that's

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<v Speaker 14>probably negative for fiscal negative for tax among other things.

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

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<v Speaker 14>Barely democratic House, I'm sorry, in a tiny majority Republican

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<v Speaker 14>Senate in both of these cases. You know what this

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<v Speaker 14>really comes down to is gravity. You've got a situation

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<v Speaker 14>where there's Democrats are defending eight eight Senate seats that

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<v Speaker 14>are competitive. Can they get them all? Yes? Will they

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

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<v Speaker 14>you've got one sixth of the seats that are competitive

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<v Speaker 14>and twenty two pure toss ups, it's you know, I

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<v Speaker 14>think it's likelier than not that the majority changes hands,

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<v Speaker 14>but not that it's a huge difference or some sort

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<v Speaker 14>of blowout.

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<v Speaker 2>You've been calling sixty percent Harris for quite some time.

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<v Speaker 2>The final polls seem to show a little bit of

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

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<v Speaker 2>the odds could tip Trump's way?

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<v Speaker 14>Well, there, you know, I have Trump at forty percent,

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

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<v Speaker 14>got is a situation with in polling. Think about this

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<v Speaker 14>two ways. One is that the poles are taught, but

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<v Speaker 14>the polls all have margins of era of four percent.

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

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<v Speaker 14>some way, either in Harris's direction or Trump's direction, you know,

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

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<v Speaker 14>remember that the highest turnout we've ever had was in

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<v Speaker 14>twenty twenty and that was a sixty six percent, which

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<v Speaker 14>introduces its own skew, since what you're looking at in

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<v Speaker 14>a poll is the assumption and likely voters that nearly

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<v Speaker 14>all of them show up, but if two thirds of

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<v Speaker 14>them show up, that introduces another skew. So, you know,

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<v Speaker 14>my view of the race has simply been that, you know,

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<v Speaker 14>Harris's enthusiasm, her message, discipline, her ability to turn out

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<v Speaker 14>the vote probably enables her to eke out a win

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<v Speaker 14>over Trump.

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<v Speaker 2>Just thirty seconds left, we've already had more than eighty

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<v Speaker 2>one million Americans turn out to vote in early voting.

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<v Speaker 8>What does that tell you about how the result could

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<v Speaker 8>come down?

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

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<v Speaker 14>we've had about fifteen percent increase in voting turnout overall,

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<v Speaker 14>and that that has generally benefited Democrats, you know, going

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<v Speaker 14>back to elections, you know that's not a guarantee by

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<v Speaker 14>any means, but generally speaking, Democrats have done very well

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<v Speaker 14>when turnout is up.

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<v Speaker 1>This is Bloomberg Daybreak, your morning podcast on the stories

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<v Speaker 3>I'm Karen Moscow.

0:17:09.640 --> 0:17:10.600
<v Speaker 8>And I'm Nathan Hager.

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<v Speaker 2>Join us again tomorrow morning for all the news you

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<v Speaker 2>need to start your day right here on Bloomberg Debreak