1 00:00:00,400 --> 00:00:03,600 Speaker 1: News when you want it with Bloomberg News. Now, I'm 2 00:00:03,720 --> 00:00:07,480 Speaker 1: Charlie Pellett, former President Trump, who's taken the stage at 3 00:00:07,560 --> 00:00:10,200 Speaker 1: Madison Square Garden, and I just want to say a 4 00:00:10,280 --> 00:00:14,320 Speaker 1: very big hello to a special place, New York and 5 00:00:14,480 --> 00:00:18,759 Speaker 1: to an incredible arena, Madison Square Garden. 6 00:00:18,960 --> 00:00:25,759 Speaker 2: Incredible, and then we have all of the people that 7 00:00:25,920 --> 00:00:28,240 Speaker 2: could fill it up ten times. 8 00:00:28,360 --> 00:00:30,440 Speaker 1: You take a look at outside, what's going on all 9 00:00:30,480 --> 00:00:32,840 Speaker 1: the way down to the river. Earlier we heard from 10 00:00:32,840 --> 00:00:36,760 Speaker 1: a number of celebrities, including doctor Phil and former pro 11 00:00:36,800 --> 00:00:42,600 Speaker 1: wrestler Hulk Hogan, Tesla's CEO Elon Musk, and Canna Fitzgerald's CEO, 12 00:00:42,720 --> 00:00:44,360 Speaker 1: Howard Lutnick. We're also there. 13 00:00:44,560 --> 00:00:47,720 Speaker 2: How much do you think we can rip out of 14 00:00:47,760 --> 00:00:52,960 Speaker 2: this wasted six point five trillion dollar harvest Biden budget? 15 00:00:53,640 --> 00:00:55,680 Speaker 1: Well, I think we can do at least two trillion. 16 00:00:56,160 --> 00:00:59,560 Speaker 3: Yeah, yes, two trillion. 17 00:01:00,160 --> 00:01:04,560 Speaker 1: Tesla's CEO Elon Musk and Cater Fitzgerald's CEO, Howard Lutnik, 18 00:01:04,920 --> 00:01:08,080 Speaker 1: and Vice President Kamala Harris kicked off the last full 19 00:01:08,120 --> 00:01:11,399 Speaker 1: week of campaigning at a church in Philadelphia. In her 20 00:01:11,640 --> 00:01:15,399 Speaker 1: latest bid to energize black voters. Harris plans to give 21 00:01:15,480 --> 00:01:18,640 Speaker 1: us similar closing argument speech at the Ellipse near the 22 00:01:18,680 --> 00:01:23,400 Speaker 1: White House on Tuesday, sandwiched between campaign stops in battleground 23 00:01:23,400 --> 00:01:28,399 Speaker 1: states that conclude with rallies in Nevada and Arizona on Thursday. 24 00:01:28,920 --> 00:01:32,560 Speaker 1: Both candidates are vying for a last minute edge, seeking 25 00:01:32,600 --> 00:01:35,759 Speaker 1: to turn out core supporters and sway the few undecided 26 00:01:35,840 --> 00:01:39,119 Speaker 1: voters as polls show them in a dead heat heading 27 00:01:39,160 --> 00:01:42,120 Speaker 1: into November fifth. It is just over a week to 28 00:01:42,160 --> 00:01:46,640 Speaker 1: go before the November presidential election, So how should investors 29 00:01:46,680 --> 00:01:50,200 Speaker 1: be positioned? That question? For Carol Pepper, the CEO of 30 00:01:50,440 --> 00:01:52,280 Speaker 1: Pepper International, we're. 31 00:01:52,080 --> 00:01:55,440 Speaker 2: Starting to plan what should we be doing post election, 32 00:01:55,680 --> 00:01:58,360 Speaker 2: post the next rate cup, because that's really where you 33 00:01:58,400 --> 00:02:01,680 Speaker 2: want to look. Just like Wayne Gretzky's said, don't skate 34 00:02:01,680 --> 00:02:03,480 Speaker 2: to where the puck is, skate to where it's going 35 00:02:03,520 --> 00:02:06,600 Speaker 2: to be. So we need to stop being focused on 36 00:02:06,640 --> 00:02:09,840 Speaker 2: the election and terrified whoever wins it will be a 37 00:02:09,840 --> 00:02:12,800 Speaker 2: farem free election. There will not be another January sixth 38 00:02:12,840 --> 00:02:15,239 Speaker 2: I don't believe. So that means we really should be 39 00:02:15,240 --> 00:02:17,639 Speaker 2: focusing on what is January twenty five going to look 40 00:02:17,680 --> 00:02:19,520 Speaker 2: like and what's going to happen after the next rate 41 00:02:19,560 --> 00:02:20,720 Speaker 2: cut Pepper. 42 00:02:20,480 --> 00:02:23,959 Speaker 1: Was interviewed on Bloomberg Intelligence. It is a busy week 43 00:02:24,000 --> 00:02:27,079 Speaker 1: ahead for economic data, with Wall Street focused on Friday's 44 00:02:27,200 --> 00:02:30,680 Speaker 1: jobs report and what the unemployment rate will mean for 45 00:02:30,800 --> 00:02:35,040 Speaker 1: Federal Reserve policy makers. Steve Rosciotto is chief economist at 46 00:02:35,120 --> 00:02:36,359 Speaker 1: Misso Securities. 47 00:02:36,560 --> 00:02:38,000 Speaker 3: You know, I think if it were to drop to 48 00:02:38,080 --> 00:02:41,120 Speaker 3: four percent on the unemployment rate, I think they're going 49 00:02:41,200 --> 00:02:43,079 Speaker 3: to have difficulty saying what we have to cut rates 50 00:02:43,080 --> 00:02:47,600 Speaker 3: in November. So I think that's kind of the driver 51 00:02:47,720 --> 00:02:51,800 Speaker 3: here in terms of where they go in the November meeting. 52 00:02:52,639 --> 00:02:55,120 Speaker 3: Every meeting is live. They want to cut rates. They've 53 00:02:55,120 --> 00:02:56,519 Speaker 3: told us they want to cut rates. 54 00:02:56,840 --> 00:02:57,320 Speaker 1: It's just a. 55 00:02:57,320 --> 00:03:00,280 Speaker 3: Question of does the data give them the opportunity. 56 00:03:00,160 --> 00:03:02,560 Speaker 1: Is to tell Bloomberg. Boeing is planning to launch a 57 00:03:02,560 --> 00:03:06,240 Speaker 1: capital hike as early as tomorrow, in an offering that 58 00:03:06,240 --> 00:03:10,040 Speaker 1: would help the beleaguered airplane maker boost its liquidity. Those 59 00:03:10,080 --> 00:03:12,760 Speaker 1: sources say the company is set to raise more than 60 00:03:12,840 --> 00:03:16,919 Speaker 1: fifteen billion dollars from the fundraising, adding that the amount 61 00:03:17,000 --> 00:03:21,760 Speaker 1: could still rise depending on demand. McDonald says quarter pounders 62 00:03:21,880 --> 00:03:24,800 Speaker 1: will be returning to menus at all restaurants this week 63 00:03:24,840 --> 00:03:28,480 Speaker 1: after ruling out beef patties as the source of a 64 00:03:28,600 --> 00:03:32,880 Speaker 1: multi state ecoli outbreak that hosts, sickened dozens and left 65 00:03:32,960 --> 00:03:36,640 Speaker 1: one person dead. The fast food chain says it's combined 66 00:03:36,720 --> 00:03:40,920 Speaker 1: its supply chain tracing data with information from government bodies, 67 00:03:40,960 --> 00:03:45,280 Speaker 1: including an analysis by the Colorado Department of Agriculture that 68 00:03:45,440 --> 00:03:50,080 Speaker 1: found no ecoli in dozens of samples from multiple lots 69 00:03:50,120 --> 00:03:54,720 Speaker 1: of the restaurant's fresh and frozen beef patties. The nation's 70 00:03:54,720 --> 00:03:59,280 Speaker 1: biggest civil rights organization is diving into the world of investing. 71 00:03:59,640 --> 00:04:02,160 Speaker 1: Bloomberg's Tracy Johnki has more. 72 00:04:02,520 --> 00:04:06,800 Speaker 4: The NAACP is launching his first impact fund for investing 73 00:04:06,880 --> 00:04:10,920 Speaker 4: in fund managers and startups, focused on closing financing gaps 74 00:04:10,920 --> 00:04:14,160 Speaker 4: faced by founders of color. Last year, venture funding to 75 00:04:14,240 --> 00:04:17,240 Speaker 4: black founded startups fell to a seven year low. The 76 00:04:17,360 --> 00:04:21,000 Speaker 4: NAACP is seeking to raise two hundred million dollars and 77 00:04:21,040 --> 00:04:24,880 Speaker 4: has tapped a venture capital investor, Jay Lundy as managing 78 00:04:24,920 --> 00:04:30,080 Speaker 4: director of what it's calling NUBACP Capital. Tracy Jonky Bloomberg Radio. 79 00:04:30,200 --> 00:04:32,960 Speaker 1: The New York Yankees return to the Bronx for Game 80 00:04:33,080 --> 00:04:36,080 Speaker 1: three of the World Series. It'll be tomorrow. The Yanks 81 00:04:36,120 --> 00:04:39,279 Speaker 1: are trailing the series two games to one after a 82 00:04:39,360 --> 00:04:42,960 Speaker 1: loss in Los Angeles. And that's news when you want it. 83 00:04:42,960 --> 00:04:46,560 Speaker 1: With Bloomberg News Now, I'm Charlie Pellett, and this is 84 00:04:46,640 --> 00:04:47,240 Speaker 1: Bloomberger