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Speaker 1: Global business news twenty four hours a day. If Bloomberg

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Speaker 1: This is a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: com slash c m E Group. We have a headline

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Speaker 1: crossing the Bloomberg Westlake Chemical to buy axiol for thirty

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Speaker 1: three dollars share. It's an all cash transaction. Again that

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Speaker 1: just crossing the Bloomberg and caution is prevailing. Is The

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Speaker 1: week draws to a close with global stocks heading for

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Speaker 1: their biggest two day decline in a month and bond

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Speaker 1: yielded record lows. We checked the markets every fifteen minutes

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Speaker 1: throughout the trading day. On Bloomberg SNP eveny futures down

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Speaker 1: about seventeen points now eveny futures down a hundred, twenty three,

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Speaker 1: NASA documny futures down forty the decks in Germany's down

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Speaker 1: too and a half Pert sent ten your treasury up

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Speaker 1: eleven thirty seconds, the yel to one point six four percent.

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Speaker 1: Nimex screwed oil down one point seven percent or eighty

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Speaker 1: five cents to forty nine seventy of Arrol Comex called

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Speaker 1: up to ten percent or two dollars fifty cents at

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Speaker 1: twelve seventy announced the Euro at dollar twelve ninety eight,

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Speaker 1: then when I was six point eight four. And that's

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Speaker 1: a Bloomberg business flash. Tom and Mike Karen, thank you

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Speaker 1: very much. Well, it is a game on Hillary Clinton

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Speaker 1: versus Donald Trump. That's the campaign that we are going

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Speaker 1: to get. Are we back to politics? We're back to

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Speaker 1: we never left exactly? Did just get used to it?

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Speaker 1: As Julian z is Princeton University history professor who has

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Speaker 1: written quite a bit about politics. Um, he's one of

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Speaker 1: the pioneers the revival of American political history. Shall we say? Uh?

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Speaker 1: And UM, I want to start by asking you, professor,

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Speaker 1: not about Hillary or Donald but Barack. We saw a

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Speaker 1: poll this morning, we were just talking about it with

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Speaker 1: Bret that the gallop Pole has him at a fifty

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Speaker 1: approval rate, which I'm if I'm not mistaken, is higher

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Speaker 1: at this point in time than Uh, Ronald Reagan was

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Speaker 1: when he was leaving office for Bill Clinton when he

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Speaker 1: was leaving office. Uh, how are people how's history going

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Speaker 1: to rate Barack Obama? Well, there's two ways in which

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Speaker 1: we look back at president's First has to do with

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Speaker 1: approval ratings, and we look back to see did people

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Speaker 1: like them or dislike them when they left in the

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Speaker 1: On that front, right now he's doing pretty well. And

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Speaker 1: if so, this ends with approval ratings like the ones

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Speaker 1: we're seeing, I think we will argue that a lot

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Speaker 1: of the country liked what he had done. The second

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Speaker 1: measures obviously legislation and what he accomplishes with executive power.

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Speaker 1: And I think on both fronts he's been able to

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Speaker 1: accomplish a significant amount in a very contentious period early

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Speaker 1: in his administration a C. A. Dot Frank, the stimulus,

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Speaker 1: and in recent years a lot of progress on environmental

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Speaker 1: issues through executive power. So, look, he'll have detractors, he'll

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Speaker 1: have supporters, but I think he has a pretty substantial

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Speaker 1: record that will be able to discuss and debate over

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Speaker 1: the years. Does presidential popularity at this point in time

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Speaker 1: translate into um influence on the campaign trail? Is he

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Speaker 1: going to be able to push Hillary Clinton uh and

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Speaker 1: be a big help to her. Yeah. I think he

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Speaker 1: can use that if he's willing to spend that political

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Speaker 1: capital on her campaign, which it looks like he will be. Uh,

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Speaker 1: that can be very important. H. That's a huge source

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Speaker 1: of support for Hillary Clinton, especially when she's facing someone

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Speaker 1: like Donald Trump. And I think if he goes out

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Speaker 1: on the campaign trail not just to support her, but

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Speaker 1: actually to criticize and attack the Republican nominee. Uh, this

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Speaker 1: can be a big plus for her and over come

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Speaker 1: some of the doubts and lack of enthusiasm that many

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Speaker 1: people have with it. Julian Zelazer, Princeton University. Uh, the

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Speaker 1: Forbes Malcolm Forbes professor at Princeton. You are definitive and

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Speaker 1: linking history to culture in America. It's like talking to

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Speaker 1: James McGregor, Burns or Gordon Wood up at Brown. You know,

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Speaker 1: there's like ten of you guys that actually really think

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Speaker 1: about the bigger picture. I want to bring this election

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Speaker 1: out to a graduate of the California Institute of Technology

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Speaker 1: named Walter Hartwell White, Sr. Walt White is a chemist

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Speaker 1: and he's had a bad time and he's one of

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Speaker 1: our great anti heroes. Isn't he explain how you pull

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Speaker 1: Clinton Trump over to Breaking Bead? Yeah? I mean I

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Speaker 1: wrote a piece that looked at popular culture and looked

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Speaker 1: at what we've seen on television and even in movies,

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Speaker 1: a fascination with characters who we don't necessarily like. They're

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Speaker 1: often villains, they're often murderers, they often act really poorly

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Speaker 1: towards people. Okay, So based on the based on the

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Speaker 1: mail we have that described Secretary Clinton in Mr Trump? Right? Uh?

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Speaker 1: And you know you look at TV from Breaking Bad

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Speaker 1: to the Show House to House of Cards, where we

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Speaker 1: don't necessarily root for the person who you think we would.

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Speaker 1: And I think that explains certainly some of the fascination

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Speaker 1: with Donald Trump and certainly some of the support that

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Speaker 1: he has. Voters are not necessarily looking for people they

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Speaker 1: like personally, and in Bob Dole is as a legitimate

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Speaker 1: American hero. Even if you didn't vote for Bob Dole,

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Speaker 1: you rooted for Bob Dole. You wanted Bob Dole to

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Speaker 1: be Bob Dole those days. If they're gone, where will

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Speaker 1: we be the third week of October with our anti heroes?

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Speaker 1: Are we really going to elect an anti hero. Well,

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Speaker 1: I think right now we certainly could. I don't know

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Speaker 1: how Hillary Clinton her The perception of her will unfold

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Speaker 1: as the campaign unfold, so she might be the hero

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Speaker 1: by the end of this. But but I think we

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Speaker 1: have a really cynical culture right now. They don't expect

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Speaker 1: much from politicians. They're angry, and those are the conditions

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Speaker 1: where a quote unquote anti hero could end up as

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Speaker 1: president very quickly. Just a minute, look and we gotta

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Speaker 1: get you back. This is fascinating for those of us

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Speaker 1: who love history. But does this campaign remind you of

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Speaker 1: any earlier presidential campaigns? Not exactly. It's bits and pieces.

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Speaker 1: So there's part of it that reminds me of nineteen

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Speaker 1: a little bit of Richard Nixon, a little bit of

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Speaker 1: George Wallace in Donald Trump. That's I think, uh, the

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Speaker 1: most apt comparison um. And I think there's elements of

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Speaker 1: that anger from sixty eight that are playing out for

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Speaker 1: different reasons today. We are thrilled to have you on

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Speaker 1: from Wilbur Mills to Jimmy Carter looking at modern politically history.

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Speaker 1: Julian Zelizer of Princeton University, Mike, while we were talking,

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Speaker 1: we have a new low in the German tenure zero

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Speaker 1: point one point point. I can't even get the decimals right, folks,

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Speaker 1: zero point zero one eight, it's two. This is like

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Speaker 1: a telethon. Operators are standing by, really call in by bonds,

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Speaker 1: help us get to zero. So, for those of you

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Speaker 1: that are not wired into global finance, what's the soul?

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Speaker 1: What sol What is simple? The removable force of Europe

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Speaker 1: is going to go to a negative yield, the benchmark benchmark,

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Speaker 1: benchmark German tenure yield migrating Stay with us our telethon

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Speaker 1: Bloomberg Surveillance gotting down to the opening bell. Brought to

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