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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 3: And and I'm John Tucker. Here are these stories we're following today.

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Speaker 2: John, Let's begin with the presidential race and Elon Musk's

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Speaker 2: latest effort to inject himself into it. The billionaire hosted

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Speaker 2: former President Donald Trump in an x spaces conversation that

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Speaker 2: lasted more than two hours. Once it started, the live

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Speaker 2: stream was delayed more than forty minutes. Musk blamed hackers.

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Speaker 4: We unfortunately had a massive distributed Nilo service attack against

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Speaker 4: our servers. As this massive attack illustrates, there's a lot

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Speaker 4: of opposition to people just hearing what President Trump has

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Speaker 4: to say.

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Speaker 2: But once Elon Musk's conversation started with former President Trump,

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Speaker 2: he did have a lot to say about the attempt

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Speaker 2: on his life, about illegal immigration, and on the prospects

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Speaker 2: of a wider war in the Middle East.

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Speaker 5: We're all waiting for an attack from Iran. Iran would

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Speaker 5: not be attacking Believe me, you know when I was there,

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Speaker 5: and I say it with respect because I think we

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Speaker 5: would have been good with Iran. I don't want to

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Speaker 5: do anything bad to Iran, but they knew not to

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Speaker 5: mess around, and.

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Speaker 2: At one point Elon Musk pitched a role for himself

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Speaker 2: in a future Trump administration.

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Speaker 4: I think it'd be great to just have a government

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Speaker 4: efficiency commission that takes a look at these things and

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Speaker 4: just ensures that the taxpayer money, the taxpayers are harder

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Speaker 4: money is spent in a good way.

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Speaker 6: And I'd be happy.

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Speaker 4: To help out on such a commission.

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Speaker 2: I'd love if it were.

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Speaker 5: Well, you you're the greatest cutter.

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Speaker 2: And Following the event, the Kamala Harris campaign released a

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Speaker 2: statement saying that the conversation showed Trump's campaign is only

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Speaker 2: about self obsessed rich guys who would sell out the

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Speaker 2: middle class.

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Speaker 3: They have plenty of reaction to the Trump Musk conversation.

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Speaker 3: Bloomberg Managing editor Derek Wallbanks says the confab was an

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Speaker 3: important one for Musk.

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Speaker 7: If Donald Trump wins, Elon Musk has a lot at stake,

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Speaker 7: and if he loses, he had a lot of steak

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Speaker 7: as well. Musk's companies are tremendous US government contract holders,

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Speaker 7: particularly SpaceX. At the same point, Musk is also somebody

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Speaker 7: whose car company, Tesla, has a lot in terms of

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Speaker 7: tax plans and things like that that would be a

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Speaker 7: subject of a US administration. So Musk has, in addition

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Speaker 7: to his own ideological proclivities and alignments, he actually has

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Speaker 7: a lot at stake in this election. He's gone really,

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Speaker 7: really hard on one side, not hedging his bets at all.

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Speaker 3: Bloomberg's Derek Worldbanks says after the Trump conversation, Musk posted

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Speaker 3: that he'd be happy to host Vice President Harris on

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Speaker 3: X spaces.

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Speaker 2: Moving from the online realm to the real world John.

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Speaker 2: The FBI says it is investigating efforts to hack both

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Speaker 2: the Harris and Trump campaigns. Bloomberg's Ed Baxter has more.

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Speaker 8: The GOP says hackers attempted to get into Roger Stone,

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Speaker 8: a former Trump advisor's account. The Harrow's campaign says some

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Speaker 8: Harris staffers were targets. The Washington Post first reported the attempts.

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Speaker 8: The Harris campaign itself says it does not appear to

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Speaker 8: be a victim. It says the campaign vigilantly monitors and

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Speaker 8: protects against cyber threats, and that it is not aware

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Speaker 8: of any security breaches. The Trump campaign hasn't responded directly,

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Speaker 8: Ed Baxter.

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Speaker 3: Bloomberg Radio thanks Ed, and the hack attempts come as

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Speaker 3: authorities say they're investigating a burglary at a Donald Trump

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Speaker 3: campaign office in suburban Virginia. Political reports that the local

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Speaker 3: sheriff's office released a surveillance video of a man inside

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Speaker 3: the building with what appears to be a full backpack.

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Speaker 3: The sheriff's department did not say what, if anything, was taken.

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Speaker 2: It's turned out to the latest in the Middle East.

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Speaker 2: John US officials now say an I running attack against

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Speaker 2: Israel has grown even more likely. We get details from

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Speaker 2: Bloomberg's Rosalind Matheson.

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Speaker 9: So they're publicly warning that some sort of retaliation from

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Speaker 9: around does seem to still be coming, because a lot

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Speaker 9: of people are asking the question as to if Iran

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Speaker 9: intends to retaliate for the death of this Hamas official

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Speaker 9: in Tehran two weeks ago, why have they not retaliated

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Speaker 9: and are they going to still retaliate, And what the

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Speaker 9: US is warning is that very much seems to be

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Speaker 9: in the ether for Iran to do something. And Tehran,

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Speaker 9: of course has been saying they feel obliged to retaliate

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Speaker 9: for this killing, which they blame on Israel, and Israel's

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Speaker 9: never claimed a responsibility for it, at least publicly.

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Speaker 2: Bloomberg's rise Mathieson says the last time Iran attacked Israel

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Speaker 2: back in April, it fired hundreds of ballistic missiles and drones,

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Speaker 2: almost all of which were intercepted.

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Speaker 3: And turning to the markets, stocks are up around the

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Speaker 3: world head of some key infliction data. Japan's Nike gained

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Speaker 3: three and a half percent and has now recouped its

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Speaker 3: losses from last week's we're out European averages in the

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Speaker 3: US future is also higher. Amanda Gatti, the chief investment

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Speaker 3: Officer of asset Management at P and C Bank, is

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Speaker 3: bullo shut stocks going forward thanks to earnings.

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Speaker 10: Expectations for earnings growth in twenty twenty five are near

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Speaker 10: fifteen per That's a huge number on a year over

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Speaker 10: year basis, and so while things may be choppy between

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Speaker 10: here and say the election or the results of the election,

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Speaker 10: we do think it will pave the way for some

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Speaker 10: additional momentum into twenty twenty five. So we're absolutely thinking

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Speaker 10: that we can finish the year fairly strong and set

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Speaker 10: the stage for a strong twenty twenty five as well.

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Speaker 3: P and C Samanda Ghani says the stock market right

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Speaker 3: now is price for perfection, and she's looking at fixed

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Speaker 3: income in the short term.

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Speaker 2: Well John investors are going to get the first of

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Speaker 2: two key inflation reports this morning before the opening bell.

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Speaker 2: We get the July reading on producer prices. Economists are

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Speaker 2: forecasting a gain of two tens to one percent. We

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Speaker 2: get a preview from Bloomberg's Michael McKee.

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Speaker 11: For only the second time this year, the PPI report

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Speaker 11: will be released ahead of CPI. That could mean some

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Speaker 11: market volatility if there are any surprises in the data.

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Speaker 11: While changes in producer prices don't correlate directly to changes

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Speaker 11: in consumer prices, some investors may try to pre trade

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Speaker 11: the CPI given sensitivities around the FED and inflation. Could

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Speaker 11: there be a surprise Last month headline producer prices jumped

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Speaker 11: on an annual basis, although that move did not translate

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Speaker 11: into the CPI. Michael McKee Bloomberg Radio.

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Speaker 3: All right, thanks Mike, and the big inflation report comes

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Speaker 3: tomorrow with the July reading and consumer prices. Steve Shiverona

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Speaker 3: is the senior portfolio manager at Federated Hermes.

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Speaker 12: If the CPI is soft and that reinforces market expectations

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Speaker 12: of at least twenty five basis points, if not fifty

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Speaker 12: basis points of cuts in September, and the FED is

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Speaker 12: cooperative in terms of FED speak. I think the market

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Speaker 12: will get some comfort if, however, we have a weakening

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Speaker 12: of the labor force and we get a hotter than

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Speaker 12: expected CPI print this month, the market might be concerned

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Speaker 12: that the FED is stuck between a rock and a

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Speaker 12: hard place.

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Speaker 3: Frederated Hermie Steve Shivona. As that answer tomorrow's CPI data,

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Speaker 3: all eyes will be on the next jobs report is

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Speaker 3: to five. Await on Wall Street time for a look

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Speaker 3: at some of the other stories making news in New

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Speaker 3: York and around the world, and for that we're joined

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Speaker 3: by Bloomberg's Michael Barr Michael, good Morning.

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Speaker 13: Good morning John. Ukraine's top military commander says his forces

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Speaker 13: now control three hundred and eighty six square miles of

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Speaker 13: Russia's neighboring Kirsk region. It is one of the most

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Speaker 13: serious incursions Russian President Vladimir Putin has faced since the

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Speaker 13: start of the war. Putin vows a strong response after

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Speaker 13: almost a week of fearce fighting. Meanwhile, the State Department

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Speaker 13: says the US is aware of reports that Iran is

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Speaker 13: planning to deliver ballistic missiles to Russia. During a State

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Speaker 13: Department briefing, spokesman van At Patel says, the US it's

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Speaker 13: concerned about the quote deepening security partnership between Iran and Russia.

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Speaker 6: It is not just a threat to European security, it's

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Speaker 6: a threat to Middle East security. But it's also shows

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Speaker 6: that Iran's destabilizing influences has reached beyond the Middle East region,

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Speaker 6: and that would be should you have concern to the

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Speaker 6: entire world.

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Speaker 13: State Department spokesman ven At pattel it's a setback and

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Speaker 13: Robert F. Kennedy Junior's presidential bid. A judge in Albany,

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Speaker 13: New York ordered him off the ballot in the state,

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Speaker 13: a Democrat and line group arguing in a lawsuit that

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Speaker 13: Kennedy misled voters by the listing as his home and

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Speaker 13: address he rarely visits. Meet the new FDNY Commissioner. Mayor

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Speaker 13: Eric Adams appointed Robert Tucker, the head of a private

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Speaker 13: security firm, to lead New York City's Fire department.

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Speaker 2: Public safety has been my life's work.

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Speaker 14: I've had a long career in the public and private sector,

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Speaker 14: and being appointed Fire Commissioner of the City of New

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Speaker 14: York is the biggest Honor of my life.

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Speaker 13: Tucker, who is fifty four, takes over from Laura Cavanaugh,

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Speaker 13: the first woman to serve as the city's fire commissioner.

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Speaker 13: Like Kavanaugh, Tucker has never worked as a firefighter. The

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Speaker 13: Los Angeles area was rattled by a magnitude four point

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Speaker 13: four earthquake Monday. The center was in Highland Park, north

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Speaker 13: of LA where there was another earthquake in June. This

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Speaker 13: woman was inside when the quake hit.

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Speaker 14: The lights were shaking, all of our glass doors are

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Speaker 14: coming off of the walls and then hitting the walls

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Speaker 14: back again.

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Speaker 1: It was It was pretty crazy.

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Speaker 13: Pe quake was felled as far away as San Diego.

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

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Speaker 13: want it with the Bloomberg News. Now, I'm Michael Barr.

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Speaker 3: This is Bloomberg John, Michael, thank you, promises to five

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Speaker 3: to ten of Wall Streets. Time for the Bloomberg Sports

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Speaker 3: Update and for that. Good morning, John Stashore.

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Speaker 2: All right, Come morning, John.

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Speaker 15: Yankees went to Chicago figuring they'd get some easy wins.

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Speaker 15: There was an easy victory, but it was by the

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Speaker 15: lowly White SOPs, the team that has already lost ninety

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Speaker 15: one games, including twenty four of their previous twenty five.

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Speaker 15: But the Yanks stranded a bunch of runners early, fell behind,

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Speaker 15: and then the White SOPs blew the game over with

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Speaker 15: a six run seventh and they crushed Aaron Boone's team

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Speaker 15: twelve to two.

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Speaker 7: Freed us to them.

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Speaker 14: Everything they hit tonight was a hit, you know. And

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Speaker 14: you know, though I thought we played, we played hard.

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Speaker 14: I thought we did a lot of really good things

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Speaker 14: on defense, made some really good plays, had some mounts

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Speaker 14: at the plate, manufacturer run with you know, jazz and

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Speaker 14: opening up a lane. He just you know, we couldn't

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Speaker 14: punch through. We didn't hit fall out of the ballpark,

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Speaker 14: and they couldn't stop them.

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Speaker 2: Mets were off.

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Speaker 15: They fell a game behind Atlanta when the Braids won

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Speaker 15: one nothing at San Francisco, seven scoreless sittings for Chris Sale.

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Speaker 3: He struck out twelve.

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Speaker 2: Sale as the lowest cra in the National League.

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Speaker 15: Jets been a big offseason trade with Philadelphia. The acquired

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Speaker 15: Hassan Raddick fifty sacks the last four seasons, fourth most

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Speaker 15: of the NFL, but he's going to last year of

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Speaker 15: his contract. Once a new deal. He's been holding out

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Speaker 15: getting fined fifty thousand.

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Speaker 2: Dollars a day.

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Speaker 15: Reddick has demanded a trade that Jets say they're not

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Speaker 15: going to deal them, and there's a defensive player in

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Speaker 15: New England also wants to trade Matthew Judhon similar situation

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Speaker 15: last year of his contract. He had been a training

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Speaker 15: camp and was seen having animated puff with Patriots coach

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Speaker 15: in GM. Full NBA schedule not out yet, but the

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Speaker 15: opening games weren't for the Knicks. Ober twenty second, in Boston,

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Speaker 15: Celtics will voice their championship banner Johns Dash That were

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Speaker 15: Bloomberg Sports John Nathan.

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Speaker 13: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 13: and around the world on Bloomberg dot Com and the

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Speaker 13: Bloomberg Business app.

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Speaker 2: This is Bloomberg Daybreak. Good morning. I'm Nathan Hager. Former

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Speaker 2: President Donald Trump's latest effort to reframe the twenty twenty

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Speaker 2: four races being posted on x The former president held

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Speaker 2: a more than two hour conversation with Elon Musk that

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Speaker 2: touched on many of the themes from his campaign rallies,

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Speaker 2: including on the war in Ukraine.

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Speaker 5: Ukraine now doesn't have enough men. They're now using young

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Speaker 5: men and very old men to fight, and we're in

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Speaker 5: a very bad position. And I'm not going to blame exclusively,

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Speaker 5: but I can tell you I could have stopped that,

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Speaker 5: and a smart president could have stopped that.

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Speaker 2: It wouldn't have happened. That's just part of the conversation

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Speaker 2: with former President Trump and Elon Musk last night on

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Speaker 2: X spaces. Joining us now for more this morning is

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Speaker 2: Tina Fordham, Founder and geopolitical strategist at Fordham Global Foresight. Tina,

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Speaker 2: good morning. So we're talking about this conversation this morning,

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Speaker 2: our voter is going to be talking about it beyond

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Speaker 2: this week.

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Speaker 16: Well, that's the right question. We had a two hour

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Speaker 16: plus unplugged conversation between two of the most influential people

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Speaker 16: in the world. Your clip there just highlighted one of

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Speaker 16: the things that kept distracting me, which was the weird

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Speaker 16: speech impediment list being going on. Was somebody forget to

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Speaker 16: put his dentures in, But will it move the needle

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Speaker 16: on the polls? And on that front, I think it's

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Speaker 16: net neutral right preaching to the choir to perhaps slightly.

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Speaker 2: Negative just to play Devil's advocates. Some of that lisp

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Speaker 2: could be attributed to the glitchiness in the conversation the

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Speaker 2: limitations of did you live stream? But I mean this

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Speaker 2: conversation took forty minutes to get started because of the glitches.

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Speaker 2: Could that be a potential setback?

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Speaker 16: Well, I mean it doesn't look great for Musk's space platform, right,

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Speaker 16: it's X spaces and the forty minutes he said it

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Speaker 16: was a denial of service. Recall that the Florida Governor

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Speaker 16: Santis had similar problems when he tried to launch a

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Speaker 16: campaign event. These contribute to people's perceptions of organization. But again,

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Speaker 16: you know that audience was almost certainly the choir, and

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Speaker 16: they would have been coming to hear their heroes. So

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Speaker 16: I'm not sure it damages them too much because I'm

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Speaker 16: not sure that people who were undecided were.

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Speaker 2: Joining that call. Yeah, I wanted to get to that

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Speaker 2: weather a conversation on X would get more outreach beyond

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Speaker 2: you know, some of the super fans that are now

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Speaker 2: dominating much of the conversation on X now that Elon

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Speaker 2: Musk has taken over. Do you see the former president

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Speaker 2: reaching out beyond some of his base in a conversation

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Speaker 2: like that.

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Speaker 16: Well, I don't think this medium will have done that,

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Speaker 16: at least not the live conversation. Of course they can

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Speaker 16: cut it up into clips. But what I'm already seeing

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Speaker 16: from the Harris campaign is, you know, their social media

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Speaker 16: campaign is very slick, and so they are releasing mini clips,

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Speaker 16: you know, the ones that are obviously the seem the

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Speaker 16: most disadvantaged to Trump. And their press release this morning said,

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Speaker 16: you know whatever that was, So it's you know, it's

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Speaker 16: fodder for the opposition as well. Listen, this was no

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Speaker 16: Frost Nixon conversation. It wasn't particularly hard hitting, and we

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Speaker 16: had Trump, you know, doing Trump saying things like climate

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Speaker 16: change will have this positive byproduct of more ocean front property,

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Speaker 16: and that he would go to Venezuela if he lost

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Speaker 16: in the election.

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Speaker 2: Is that a vote winner? That prepackaged sort of slick

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Speaker 2: response from the Harris campaign. Couldn't it feed into some

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Speaker 2: of the criticism that the Trump campaign has put out

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Speaker 2: there that Harris hasn't made herself available for these kinds

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Speaker 2: of free, willing conversations. I mean, after the live chat

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Speaker 2: last night, Elon Musk invited Kamala Harris to come on,

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Speaker 2: should she.

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Speaker 16: Well, both sides are staying in their comfort zones. I

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Speaker 16: think we can say that, so Harris and Walls are

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Speaker 16: out talking to huge campaign rallies, but as you say,

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Speaker 16: haven't done any press conferences or one to one interviews

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Speaker 16: and have only well it's only been a few weeks,

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Speaker 16: of course, but they've only just now started releasing anything

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Speaker 16: resembling policy positions. Trump, for his part, has a very

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Speaker 16: light schedule of campaign events. He has almost none between

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Speaker 16: now and US Labor Day, and conversations like this are

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Speaker 16: almost like an online rally. So are both of them

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Speaker 16: keeping their powder dry? I think that's the way of

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Speaker 16: thinking about it, because the next big signpost for the

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Speaker 16: two campaigns is the September tenth, the first debate between

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Speaker 16: the two of them from second to date, and Harris

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Speaker 16: has got the DNC started on the fifteenth.

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