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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. Good morning, I'm Amy

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Speaker 1: Morris 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, we begin with politics, the crucial week for President

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Speaker 2: Biden as he looks to recover following its disastrous debate

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Speaker 2: performance with Donald Trump and reassure voters that he can

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Speaker 2: surmount a lead and beat Trump in November's presidential election.

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Speaker 2: Despite growing calls for Biden to step aside, the President

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Speaker 2: vows to stay in the race now. Over the weekend,

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Speaker 2: he spoke with ABC's George Stephanopolis in an exclusive interview,

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Speaker 2: insisting that he is sharp enough to do the job

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Speaker 2: for another term.

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Speaker 1: I have a cognitance test every single day. Every day.

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Speaker 3: I have that test everything we do.

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Speaker 4: You know, not only am I campaigned on running the world?

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Speaker 4: Would you be willing to have the independent medical evaluation watch?

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Speaker 5: Maybe twot.

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Speaker 2: There's a lot of time rests in this campaign, and

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Speaker 2: President Biden did not entertain the possible ability of leaving

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Speaker 2: the race, despite growing calls for him to do so.

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Speaker 4: If you are told reliably from your allies, from your

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Speaker 4: friends and supporters in the Democratic Party, in the House

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Speaker 4: and the Senate, that they're concerned you're going to lose

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Speaker 4: the House in the Senate if you stay in.

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Speaker 6: What will you do?

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Speaker 2: I'm not going to answer that question, the President did

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Speaker 2: tell ABC's George Stephanopolis, though he is hearing discontent in

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Speaker 2: the Democratic Party through the press, well let me.

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Speaker 1: Despite Biden's defiance, several influential Democrats spoke privately yesterday and

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Speaker 1: a virtual call organized by House Minority Leader Hakim Jeffries,

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Speaker 1: and they say they want Biden to step aside as

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Speaker 1: the party's nominee, sources Toel Bloomberg, the latest affections include

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Speaker 1: several Democratic leaders of House committees, including Jerry Nabler and

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Speaker 1: Joe Morell of New York. In total, nine House Democrats

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Speaker 1: have called for Biden to step aside. Publicly, many Democrats

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Speaker 1: continue to support the president, including California Representative Adam Schiff,

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Speaker 1: who says he understands voter concerns but has no Biden

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Speaker 1: will do the right thing for the country.

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Speaker 7: The performance on the debate stage, I think rightfully raised

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Speaker 7: questions among the American people about whether the president has

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Speaker 7: the vigor to defeat Donald Trump. And this is an

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Speaker 7: existential race given Joe Biden's incredible record given Donald Trump's

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Speaker 7: terrible record, he should be mopping the floor with Donald Trump.

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Speaker 1: And Adam Schiff made those comments on named Issis Meet

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Speaker 1: the Press, and.

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Speaker 2: Despite pressure from donors and from the party, President Biden

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Speaker 2: registered his best showing yet as he closes the gap

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Speaker 2: on current front runner Republican Donald Trump. That's according to

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Speaker 2: a Bloomberg News Morning Consult tracking poll of battleground states,

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Speaker 2: Trump led Biden by only two percentage points forty five

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Speaker 2: percent and the critical states needed to win the November election,

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Speaker 2: which marks the smallest gap since the poll began last October. However,

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Speaker 2: Bloomberg News political director Jody Schneider says Biden is farthest

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Speaker 2: behind in one critical state.

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Speaker 8: A swing state poll that does show Biden trailing the

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Speaker 8: most in Pennsylvania, done by seven points, and that's going

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Speaker 8: to be very problem matter for him if he can't

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Speaker 8: start making up some of that gap.

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Speaker 2: Bloomberg's Tody Schneider says the poll is the first comprehensive

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Speaker 2: survey of states most likely to decide the elections, Hence

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Speaker 2: the debate. On June twenty seventh.

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Speaker 1: Well over in Europe, amy European stocks edged higher and

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Speaker 1: the Europe paired to decline along with French bonds as

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Speaker 1: Trigers digested the unexpected result of France's snap election. A

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Speaker 1: surprise win by a left wing coalition in the country's

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Speaker 1: parliamentary elections good send France into political gridlock. The New

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Speaker 1: Popular Front won the most seats in Sunday's voteo was

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Speaker 1: around one hundred short of a majority. National Rally Party

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Speaker 1: leader Marine la Penn says the outcome will hurt France right.

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Speaker 9: France is going to be totally deadlocked with three groups

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Speaker 9: of roughly equal size in the National Assembly, so that's

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Speaker 9: the way to go. It's unfortunate. We will lose another year,

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Speaker 9: another year of illegal immigration, another year of purchasing power laws,

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Speaker 9: another year of insecurity exploding in our country.

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Speaker 1: The right wing National rallies Marine la Penn, speaking there

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Speaker 1: through an interpreter, her party won one hundred and forty

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Speaker 1: three seats, while President at Manuel mccron's allies secured one

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Speaker 1: hundred and fifty six and the New Popular Front got

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Speaker 1: one hundred seventy eight.

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Speaker 2: Meanwhile, in the Middle East, Iran has elected former health

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Speaker 2: minister Mazoud Peseshkian as president, beating a hardline rival in

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Speaker 2: a runoff vote, although the US State Department called the

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Speaker 2: election not free or fare. The newly elected president is

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Speaker 2: widely expected to seek improved relations with the West amid

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Speaker 2: high tensions with Iran's involvement in the Israel Hamas War.

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Speaker 2: His predecessor was killed in a helicopter crash in May,

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Speaker 2: triggering the election to replace him.

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Speaker 1: While back in the US, Amy there's more trouble for Boeing,

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Speaker 1: as the planemaker agrees to plead guilty to criminal conspiracy.

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Speaker 1: In Bloomberg's John Tucker has the details, John Goodburning.

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Speaker 3: And Karen The guilty plea comes in connection with two

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Speaker 3: fatal crashes of its seven thirty seven Mas five years ago.

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Speaker 3: Under the deal with prosecutors, Boeing faces a criminal fine

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Speaker 3: close to half a billion dollars. In addition, Boeing would

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Speaker 3: be placed under tight external supervision for years to come.

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Speaker 3: The agreement also has the potential to complicate Boeing's interaction

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Speaker 3: with the government as a major defense contractor, but Justice

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Speaker 3: Department determined back in May that Boeing breached a deferred

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Speaker 3: prosecution tied to those crashes that follow the blowout of

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Speaker 3: a door panel on a seven thirty seven Max nine,

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Speaker 3: the latest agreement being bitterly criticized by families of the

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Speaker 3: crash victims who were not consulted before it was unveiled.

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Speaker 3: John Tucker, Bloomberg Radio, all.

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Speaker 2: Right, John, thank you, and elsewhere on the company news front.

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Speaker 2: Paramount Global has agreed to merge with Skydance Media in

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Speaker 2: a deal that hands control of the storied Hollywood studio

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Speaker 2: to producer David Ellison. Paramount chair Sherry Redstone agreed to

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Speaker 2: sell her family's National Amusements Incorporated, which controls about seventy

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Speaker 2: seven percent of the voting stock in Paramount, for two

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Speaker 2: point four billion dollars.

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Speaker 1: Melami, Let's tart to the markets. Now, Futures retreating following

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Speaker 1: last week's rally, we fed charedjer Own Powell set to

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Speaker 1: testify before Congress beginning tomorrow. I would call futures little

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Speaker 1: change to lower right now. Traders are looking to solidify

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Speaker 1: bets that policy easing could begin as early as September.

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Speaker 1: Investors will also be following some other key eco headlines

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Speaker 1: this week. On Thursday, we get the latest Consumer Price

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Speaker 1: Index reading and PPI the next day and earning some

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Speaker 1: major US banks, including JP morgan A also do this week.

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Speaker 2: And taking a look at oil now adding lower after

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Speaker 2: four straight weekly gains, even as traders follow production threats

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Speaker 2: from natural disasters. Wildfires in Alberta are threatening supplies, as

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Speaker 2: is a hurricane barreling to the US to the Gulf

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Speaker 2: of Mexico. Checking WTI prices right now down one percent

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Speaker 2: or ninety one cents now trading at eighty two dollars

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Speaker 2: twenty five cents a barrel.

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Speaker 1: And looking at hurricane barrel amy, it just made landfall minutes.

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Speaker 1: I'll go along the Texas coast. Texas Acting Governor Dan

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Speaker 1: Patrick issued a warning for those in the storm's path.

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Speaker 4: Will be a deadly storm for people who are directly

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Speaker 4: in that path.

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Speaker 1: Texas Acting Governor Dan Patrick urged people to take shelter

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Speaker 1: ahead of the storm's arrival. Beryl caused devastation last week

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Speaker 1: as it ripped through the Caribbean and Mexico, leaving nine

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Speaker 1: people dead. And it's time now for a look at

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Speaker 1: some of the other stories making news in New York

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Speaker 1: and around the world. For that, we're joined by Bloomberg's

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Speaker 1: Michael Barr. Michael, Good morning, Good morning Karen.

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Speaker 10: A heat advisory and effect in the New York area

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Speaker 10: from twelve pm this afternoon until Tuesday at eight pm.

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Speaker 10: Temperatures are expected to reach up to ninety five, but

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Speaker 10: the real feel will be over one hundred degrees. Over

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Speaker 10: New Yorkers who don't have air conditioning, there are cooling

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Speaker 10: centers available, and while it has been hot in the

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Speaker 10: New York area, it's nothing like in Las Vegas. Yesterday,

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Speaker 10: the city broke its all time temperature record by three degrees,

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Speaker 10: hitting one hundred and twenty degrees several times since they

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Speaker 10: started recording temperatures in nineteen thirty. This visiting newlywed couple

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Speaker 10: is trying to manage the heat right now.

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Speaker 1: We are.

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Speaker 8: So we are getting pictures taken outside really quickly back

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Speaker 8: in the car with air con on that movie. The

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Speaker 8: venues are all conditioned, so we can we can manage.

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Speaker 10: Others say it's tooant to even walk down the strip. Meanwhile,

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Speaker 10: Phoenix set a new daily record for the warmest load temperature.

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Speaker 10: It never got below ninety two degrees yesterday, and a

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Speaker 10: motorcyclist died from heat exposure while visiting Death Valley National Park,

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Speaker 10: where it hit one hundred and twenty eight degrees. Wildfires

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Speaker 10: in the West prompted evacuations and threatened homes. Extreme conditions

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Speaker 10: are fueling at least twenty one wildfires in California. One

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Speaker 10: fire in Santa Barbara County exploded over the weekend, burning

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Speaker 10: more than sixteen thousand acres. Last night, authority said the

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Speaker 10: fire was zero percent contained and within one mile of

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Speaker 10: Neverland Ranch, the twenty seven hundred acre former home of

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Speaker 10: Mychael Jackson. Closing arguments take place today in the corruption

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Speaker 10: trial of Democratic Senator Bob Menendez of New Jersey. Menendez

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Speaker 10: is accused of taking bribes to benefit foreign interests. For

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Speaker 10: NASA volunteers have exited their ground based home over the

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Speaker 10: weekend after a year long mission where they lived in

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Speaker 10: assimulated Mars environment. The crew took Mars walks, grew and

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Speaker 10: harvested several vegetables, and maintained their equipment and habitat. They

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Speaker 10: also operated under additional specific stressors a Mars crew would experience,

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Speaker 10: including communication delays with Earth, resource limitations, and isolation. Flight

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Speaker 10: engineer Ross Brockwell took part in the study.

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Speaker 4: Very grateful to have had this incredible opportunity to live

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Speaker 4: for a year within the spirit of planetary adventure.

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Speaker 8: Towards an exciting future.

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Speaker 10: Two additional missions are planned for twenty twenty five and

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Speaker 10: twenty twenty seven. Global news twenty four hours a day

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Speaker 10: and whatever you want it with Bloomberg News Now. I'm

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Speaker 10: Michael Barr. This is Bloomberg.

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Speaker 1: Karen sor Ry, Michael Barr. Thank you time now for

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Speaker 1: the Bloomberg Scores update with John Stashauer and John.

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Speaker 6: Good morning, Good morning, Karon.

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Speaker 11: Red Sox and Yankees are tribals going in opposite ways.

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Speaker 11: Boston has won sixteen of its last twenty two games.

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Speaker 11: The Yanks since mid June or five and twenty without

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Speaker 11: a two game winning streak. They have failed to win

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Speaker 11: any of their last seven series, and two of those

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Speaker 11: series losses against the Sockx, who won three nothing. In

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Speaker 11: the Bronx, they hit solo home runs in each of

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Speaker 11: the last three innings, two of those homers hit by

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Speaker 11: Yankee killer Rafield Evers. The Yanks, who scored fourteen runs Saturday,

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Speaker 11: came back with only four hits Sunday. Their three games

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Speaker 11: behind the Orioles, who won six to three in Oakland.

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Speaker 11: The Mets in Pittsburgh scoreless game through seven innings. The

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Speaker 11: Mets broke through then fell behind bottom of the eighth.

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Speaker 11: They rallied in the ninth, the one to one wind

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Speaker 11: drive left.

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Speaker 2: Field falling in.

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Speaker 12: They said by ling Door Cavil scores, Petter ramc third

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Speaker 12: Hey scores.

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Speaker 2: The throw is cut.

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Speaker 12: Off on the way to the The Mets take the

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Speaker 12: lead with their backs against the wall or against a

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Speaker 12: role this Chapman Lindor drives in two, and the Mets

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Speaker 12: have a three to two.

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Speaker 10: Lead in the night.

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Speaker 11: At the final WCVS to call, Mets are now forty

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Speaker 11: four and forty four. They'll be represented at next week's

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Speaker 11: All Star Game by Pete Alonzo. He'll also be in

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Speaker 11: the home run derby thirty two first time All Stars

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Speaker 11: were named nineteen guys under the age of twenty seven,

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Speaker 11: including Pittsburgh's Paul Steins, who just a year ago had

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Speaker 11: just finished pitching in the College World Series. Is about

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Speaker 11: to become the first pick of the draft. He began

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Speaker 11: this season in the minors. Wimbledon begins the second week today,

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Speaker 11: and women's singles eight of the top ten seeds are out,

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Speaker 11: including the top three second seed in Coco Goff, who

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Speaker 11: burst onto the scene as a fifteen year old five

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Speaker 11: years ago when she reached the fourth round, has still

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Speaker 11: not advanced further. At Wimbledon, Coco upset by fellow American

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Speaker 11: Emma Navarro. Men's side, American Tommy Paul Is into the

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Speaker 11: quarterfinals as our Janick sinner in Carlos Alcarez. Twenty five

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Speaker 11: year old Davis Thompson won the John in Illinois. He's

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Speaker 11: got twenty eight under part one by four. It's his

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Speaker 11: first PGA tournament. Went John Stasha went Bloomberg Sports.

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Speaker 5: Karenamy Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 5: and around the world on Bloomberg dot Com and the

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Speaker 5: Bloomberg Business app. This is Bloomberg Daybreak.

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Speaker 2: Several influential congressional Democrats have been talking about getting Joe

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Speaker 2: Biden off the ticket. They said privately just yesterday that

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Speaker 2: they want the president to step aside as the party's

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Speaker 2: White House nominee as the President enters a pivotal week

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Speaker 2: for his teetering reelection campaign. At the same time, though,

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Speaker 2: there's a Bloomberg News Morning console pull out that shows

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Speaker 2: Biden is actually narrowing the gap with Donald Trump in

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Speaker 2: some swing states. We're joined now by Bloomberg's Gregory Cordy,

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Speaker 2: He's going to sort all of this out for us

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Speaker 2: and Gregory. More defections from the Democratic Party, at least

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Speaker 2: on the House side.

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Speaker 6: What are you hearing? Yeah, so the number the numbers

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Speaker 6: mounted over the weekend, And as you said, the names

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Speaker 6: that jumped out to me were Jerry Nadler of New

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Speaker 6: York and Adam Smith of Washington. These are Democrats who

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Speaker 6: chair committees and prominent committees in the House when the

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Speaker 6: Democrats are in power, and so yeah, those are sort

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Speaker 6: of a drip drip drip for Joe Biden of every day,

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Speaker 6: a few more Democrats. It's by no means the majority

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Speaker 6: of his party, but it's got to be concerning as

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Speaker 6: the president heads into his convention next month, trying to

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Speaker 6: unite the party around him.

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Speaker 2: Now we're hearing a lot from the Democrats in the House, perhaps,

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Speaker 2: but what are you hearing from Democrats in the Senate?

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Speaker 1: Yeah?

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Speaker 6: The Senate is always a kind of a different animal

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Speaker 6: and always on every issue a little bit more circumspect.

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Speaker 6: So we have heard that Mark Warner of Virginia is

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Speaker 6: trying to gather a group of senators there to also

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Speaker 6: put pressure on Biden to step aside and let somebody

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Speaker 6: else run for the Democratic nomination. But remember, Joe Biden

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Speaker 6: served in the Senate for decades and has a lot

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Speaker 6: of deep friendships there and a lot of deep alliances there,

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Speaker 6: So we might expect fewer senators to make that call.

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Speaker 2: Now, this is happening at the same time as that

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Speaker 2: new Bloomberg Morning Consult poll shows that the President's narrowing

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Speaker 2: that gap in swing states. What does that poll indicate

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Speaker 2: for Biden's staying power even with the Democrats pushing back?

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Speaker 6: Yeah, I mean, one way to read this poll is

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Speaker 6: that while this is the current obsession with the Beltway

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Speaker 6: class in Washington, among journalists, among members of his own party,

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Speaker 6: certainly Republicans are having a field day with this issue.

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Speaker 6: Outside the Beltway, voters are always focused on somewhat different issues.

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Speaker 6: And remember that also in the past month, Donald Trump

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Speaker 6: was convicted of thirty four felonies. Voters have not forgotten that.

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Speaker 6: And so what our Bloomberg News Morning Console poll of

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Speaker 6: the seven swing states found was that Joe Biden is

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Speaker 6: only two points behind across those seven states. He's spent

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Speaker 6: a little bit more in some Wisconsin and Michigan notably,

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Speaker 6: and he's down in others. At most concerning for him Pennsylvania.

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Speaker 6: But this is the best poll that he's had since

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Speaker 6: we've been doing this series of polls beginning last October,

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Speaker 6: and so it did give Biden and his allies a

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Speaker 6: little bit of a boost over the weekend and thinking

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Speaker 6: that maybe he can stick with this. Of course, we're

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Speaker 6: going to want to see more evidence of this. You

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Speaker 6: never want to look at just one poll in isolation.

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Speaker 6: Even our own poll, i'll say, is just one data point,

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Speaker 6: and we're going to want to see if this trend

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Speaker 6: continues in more polling going forward.

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Speaker 2: And briefly you mentioned the democ at a national convention

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Speaker 2: in August. How does this set the table for that.

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Speaker 6: Yeah, we'll see if we even get there. Because one

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Speaker 6: of the things that Democrats had talked about even before

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Speaker 6: the debate, even before we got into this discussion about

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Speaker 6: Joe Biden's age and his mental acuity, Democrats had planned

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Speaker 6: to perhaps nominate him virtually by some sort of online

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Speaker 6: roll call in late July, and that was originally to

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Speaker 6: get on the bout in Ohio, which had an early

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Speaker 6: babot deadline. Now if they follow through with that plan,

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Speaker 6: it could also serve the purpose of nominating Biden outside

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Speaker 6: the convention early to put a stop to all of

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Speaker 6: this discussion before they even get through the convention.

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