1 00:00:01,720 --> 00:00:04,160 Speaker 1: News when you want it with Bloomberg News Now, I'm 2 00:00:04,200 --> 00:00:08,360 Speaker 1: Doug Prisner. Earlier this evening, Vice President Kamala Harris campaigned 3 00:00:08,400 --> 00:00:12,560 Speaker 1: with former President Barack Obama in Georgia, a key battleground 4 00:00:12,560 --> 00:00:15,760 Speaker 1: state where early voting is already under way. It was 5 00:00:15,800 --> 00:00:18,360 Speaker 1: there she made her case with less than two weeks 6 00:00:18,400 --> 00:00:22,080 Speaker 1: to go before the US presidential election. Here's Harris at 7 00:00:22,079 --> 00:00:25,840 Speaker 1: the rally talking about former President Trump's alleged comments on 8 00:00:25,960 --> 00:00:26,759 Speaker 1: Adolph Hitler. 9 00:00:26,880 --> 00:00:30,360 Speaker 2: Take a moment to think about what that means That 10 00:00:30,520 --> 00:00:38,080 Speaker 2: Trump said quote Hitler did some good things, and that 11 00:00:38,280 --> 00:00:43,559 Speaker 2: Trump wished he had generals like Hitler's who would be 12 00:00:43,680 --> 00:00:48,120 Speaker 2: loyal to Trump and not to America's constitution. 13 00:00:48,479 --> 00:00:52,680 Speaker 1: Meantime, Trump rallied in battleground state Nevada, and he denied 14 00:00:52,720 --> 00:00:53,680 Speaker 1: those allegations. 15 00:00:53,840 --> 00:00:54,800 Speaker 3: No, I never said that. 16 00:00:54,960 --> 00:00:57,440 Speaker 4: I would never say that it's a rag that he 17 00:00:57,520 --> 00:00:57,920 Speaker 4: made up. 18 00:00:58,200 --> 00:01:00,000 Speaker 5: Sure he's gonna be. 19 00:01:00,200 --> 00:01:03,840 Speaker 1: Or former President Trump at a rally in Nevada. Meantime, 20 00:01:03,920 --> 00:01:06,680 Speaker 1: Vice President Harris is launching a new ad as she 21 00:01:06,760 --> 00:01:10,720 Speaker 1: looks to narrow Donald Trump's polling advantage on economic issues. 22 00:01:11,000 --> 00:01:13,319 Speaker 1: That story from Bloomberg's Amy Morris in Washington. 23 00:01:13,640 --> 00:01:16,480 Speaker 4: Sources tell Bloomberg. The ad will run across all seven 24 00:01:16,560 --> 00:01:19,320 Speaker 4: battleground states with a promise to crack down on what 25 00:01:19,400 --> 00:01:23,479 Speaker 4: Harris calls corporate price gouging and touts her proposed tax cut. 26 00:01:23,760 --> 00:01:27,080 Speaker 4: Polling by Bloomberg News and Morning Consult shows Harris has 27 00:01:27,200 --> 00:01:30,000 Speaker 4: narrowed the gap on economic issues in her race against 28 00:01:30,080 --> 00:01:32,880 Speaker 4: Donald Trump, but he still has the edge. Fifty percent 29 00:01:32,880 --> 00:01:35,759 Speaker 4: of respondents said they trusted Trump more on the economy, 30 00:01:36,000 --> 00:01:38,800 Speaker 4: forty four percents at Harris. The ad blitz will focus 31 00:01:38,840 --> 00:01:41,480 Speaker 4: on Harris's pledge to build the middle class and highlight 32 00:01:41,680 --> 00:01:45,440 Speaker 4: how her proposed tax plan can benefit families with children, 33 00:01:45,560 --> 00:01:49,400 Speaker 4: especially infants. In Washington, Amy Morris Bloomberg Radio. 34 00:01:49,680 --> 00:01:53,520 Speaker 1: In Los Angeles, prosecutors have recommended re sentencing for Eric 35 00:01:53,560 --> 00:01:56,400 Speaker 1: and Lyle Menendez. These two brothers were charged with the 36 00:01:56,520 --> 00:01:59,600 Speaker 1: nineteen eighty nine killings of their parents in their Beverly 37 00:01:59,640 --> 00:02:03,360 Speaker 1: Hills mansion. Here is La County District Attorney George Gascon, 38 00:02:03,480 --> 00:02:05,360 Speaker 1: speaking earlier at a news conference. 39 00:02:05,840 --> 00:02:07,640 Speaker 5: I have to tell you on it quickly that we 40 00:02:07,720 --> 00:02:11,240 Speaker 5: don't have a universal agreement. There are people in the 41 00:02:11,280 --> 00:02:17,000 Speaker 5: office that strongly believe that the Menana's brothers should stay 42 00:02:17,040 --> 00:02:19,320 Speaker 5: in prison the rest of their life, and they do 43 00:02:19,400 --> 00:02:22,560 Speaker 5: not believe that they were molested, and there are people 44 00:02:22,600 --> 00:02:24,760 Speaker 5: in the office that strongly believe that they should be 45 00:02:24,840 --> 00:02:27,760 Speaker 5: released immediately and that they were in fact molested. 46 00:02:27,919 --> 00:02:30,919 Speaker 1: George Gascon is La County District Attorney. 47 00:02:31,160 --> 00:02:31,359 Speaker 5: Now. 48 00:02:31,400 --> 00:02:34,520 Speaker 1: The high profile Menendez case led to a media frenzy 49 00:02:34,560 --> 00:02:37,480 Speaker 1: back in nineteen eighty nine and nineteen ninety. It's come 50 00:02:37,560 --> 00:02:40,520 Speaker 1: back to light recently following the release of a Netflix 51 00:02:40,600 --> 00:02:45,040 Speaker 1: documentary earlier this month. Currently serving life sentences, these brothers 52 00:02:45,080 --> 00:02:49,440 Speaker 1: may be eligible for release after the DA's recommendation. A 53 00:02:49,440 --> 00:02:53,839 Speaker 1: federal judge has blocked tapestries planned acquisition of Capri Holdings 54 00:02:53,880 --> 00:02:58,760 Speaker 1: on anti competitive concerns. Tapestry makes Coach and Kate's Bade handbags, 55 00:02:58,960 --> 00:03:03,480 Speaker 1: Capri brands in Versace, Jimmy Chew and Michael Core's Here 56 00:03:03,720 --> 00:03:06,400 Speaker 1: Is Bob Van Vories Bloomberg Legal News reporter. 57 00:03:07,800 --> 00:03:12,120 Speaker 3: The judge, Judge O'shaan, ruled that a merger in this 58 00:03:12,240 --> 00:03:17,120 Speaker 3: case would result in fifty nine percent of those sort 59 00:03:17,160 --> 00:03:20,720 Speaker 3: of middle range bags being marketed by the same company, 60 00:03:21,160 --> 00:03:25,440 Speaker 3: and said that was going likely to harm competition, so 61 00:03:25,480 --> 00:03:30,600 Speaker 3: as a consequence, she has blocked temporarily the merger and 62 00:03:30,919 --> 00:03:34,160 Speaker 3: will let the Federal Trade Commission go forward with its 63 00:03:34,160 --> 00:03:38,160 Speaker 3: own process that could take months and could kill the 64 00:03:38,200 --> 00:03:38,840 Speaker 3: deal out right. 65 00:03:39,120 --> 00:03:42,400 Speaker 1: Bob van Vories is legal reporter for Bloomberg Now. Capri 66 00:03:42,520 --> 00:03:45,760 Speaker 1: shares were down forty seven percent in the late US trading. 67 00:03:45,960 --> 00:03:48,480 Speaker 1: On the other hand, shares in Tapestry were up thirteen 68 00:03:48,560 --> 00:03:52,080 Speaker 1: percent in after hours. Shares and Boeing were down more 69 00:03:52,080 --> 00:03:54,760 Speaker 1: than one percent of the regular session. That's after striking 70 00:03:54,840 --> 00:03:58,560 Speaker 1: workers rejected a new labor contract. It would have increased 71 00:03:58,560 --> 00:04:01,920 Speaker 1: their wages by thirty five over four years. However, the 72 00:04:01,960 --> 00:04:06,040 Speaker 1: agreement failed to restore a pension plan with guaranteed sums. 73 00:04:06,440 --> 00:04:09,160 Speaker 1: This is a blow to CEO Kelly Ortberg, who's been 74 00:04:09,160 --> 00:04:13,720 Speaker 1: trying to stabilize Boeing after a series of setbacks. Bloomberg 75 00:04:13,800 --> 00:04:17,799 Speaker 1: Intelligence analyst George Ferguson says, any thought of a turnaround 76 00:04:17,839 --> 00:04:19,080 Speaker 1: this year is shot. 77 00:04:20,000 --> 00:04:23,920 Speaker 6: All of your increase in production getting up the levels 78 00:04:23,960 --> 00:04:27,000 Speaker 6: they're going to create profitability and cash flow that's pushed 79 00:04:27,040 --> 00:04:29,560 Speaker 6: into the back half of twenty twenty five, so it's 80 00:04:29,600 --> 00:04:31,679 Speaker 6: a really long runway right now. 81 00:04:31,839 --> 00:04:36,200 Speaker 1: George Ferguson there from Bloomberg Intelligence Blackrock is criticizing the 82 00:04:36,240 --> 00:04:40,240 Speaker 1: proposal from the FDIC to apply additional control and oversight 83 00:04:40,640 --> 00:04:44,760 Speaker 1: over money managers holding larger stakes in banks. The FDIC 84 00:04:45,000 --> 00:04:48,360 Speaker 1: is concerned that concentrated ownership could give such firms as 85 00:04:48,440 --> 00:04:53,000 Speaker 1: Blackrock undue influence over banks. However, Blackrock contends the rule 86 00:04:53,080 --> 00:04:56,799 Speaker 1: change would upend index funds and make it more costly 87 00:04:56,839 --> 00:04:59,360 Speaker 1: for banks to raise capital. And that is news when 88 00:04:59,400 --> 00:05:02,080 Speaker 1: you want it Bloomberg news. Now I'm Doug Prisoner, and 89 00:05:02,240 --> 00:05:03,360 Speaker 1: this is Bloomberg news.