WEBVTT - Boeing Workers Reject Offer; Trump-Harris Locked in Dead Heat 0:00:02.480 --> 0:00:08.240 Bloomberg Audio Studios, Podcasts, Radio News. 0:00:11.080 --> 0:00:12.520 Good morning, I'm John Tucker. 0:00:12.440 --> 0:00:15.640 And I'm Karen Moscow. Here are the stories we're following today. 0:00:15.840 --> 0:00:18.400 Karen, we're going to bring you the most recent Bloomberg 0:00:18.480 --> 0:00:21.880 presidential poll and the tail the blowout earnings from Tesla. 0:00:22.280 --> 0:00:26.320 But we begin with labor problems at Boeing factory workers 0:00:26.320 --> 0:00:28.880 that rejected a new contract. Let's get the very latest 0:00:28.880 --> 0:00:31.720 with Bloomberg's Lisa Matteo. Lisa, good morning, Good. 0:00:31.600 --> 0:00:32.159 Morning, Johnny. 0:00:32.200 --> 0:00:35.080 Have this tenetive offer, which would have increased machinist wages 0:00:35.120 --> 0:00:38.159 by thirty five percent over four years, it was voted 0:00:38.200 --> 0:00:41.080 down by sixty four percent of union members who cast 0:00:41.120 --> 0:00:43.800 their ballots. Now, that was smaller than the ninety four 0:00:43.800 --> 0:00:46.600 percent vote back in September, but it's still a setback 0:00:46.600 --> 0:00:49.199 for Boeing to get its operations back on track. CFO 0:00:49.280 --> 0:00:51.680 Brian West. He said the company expects to burn around 0:00:51.680 --> 0:00:54.959 four billion dollars in cash during the fourth quarter. Now, 0:00:55.000 --> 0:00:57.720 that would bring the total free cash out free cash 0:00:57.760 --> 0:01:00.920 outflow to around fourteen billion for twenty twenty four and 0:01:00.960 --> 0:01:04.039 that's the worst performance since the pandemic effected our travel 0:01:04.120 --> 0:01:07.000 in twenty twenty Boeing shares right now down about three 0:01:07.080 --> 0:01:10.080 percent now, although this latest contract offer was a bump 0:01:10.160 --> 0:01:13.040 up from the initial twenty five percent pay increase, the 0:01:13.040 --> 0:01:17.040 biggest sticking point for workers reinsteing their defined benefit pension plan. 0:01:17.480 --> 0:01:19.479 So for now, John, it's back to the negotiating table 0:01:19.520 --> 0:01:22.479 after six weeks of talks in New York. Lisa Mateo, 0:01:22.600 --> 0:01:23.480 Bloomberg Radio. 0:01:23.800 --> 0:01:26.280 All right, Lisa, thank you all. Another major story that 0:01:26.319 --> 0:01:29.160 we're following this morning involves our latest pull on the 0:01:29.240 --> 0:01:32.920 presidential race, and the contest between Donald Trump and Kamala 0:01:32.959 --> 0:01:36.400 Harris can't be much tighter. Bloomberg Samy Morris has the 0:01:36.440 --> 0:01:39.600 latest Bloomberg News Morning Console poll in Washington. 0:01:40.120 --> 0:01:42.920 Donald Trump and Kamala Harris are now in a statistical 0:01:43.080 --> 0:01:46.440 tie among likely voters in each of the seven swing states. 0:01:46.840 --> 0:01:51.600 Each candidate now has forty nine percent support among likely voters, 0:01:51.800 --> 0:01:54.800 with a margin of error of one percentage point. So 0:01:54.880 --> 0:01:57.480 to move the needle, Trump's campaign as aiming to mobilize 0:01:57.560 --> 0:02:01.120 voters who haven't typically turned out. Harris has recently looked 0:02:01.120 --> 0:02:04.400 to fire up women and pick off moderate Republicans who 0:02:04.440 --> 0:02:08.079 aren't Trump devotees. Trump has an advantage on the economy. 0:02:08.160 --> 0:02:11.000 Thirty six percent of likely voters called the economy the 0:02:11.040 --> 0:02:14.520 single most important issue determining their vote, and Harris scores 0:02:14.560 --> 0:02:18.400 higher on mental fitness, honesty, and compassion. In Washington, Amy 0:02:18.400 --> 0:02:19.760 Morris Bloomberg Radio. 0:02:19.639 --> 0:02:23.160 Amy, Thanks, And last night in the swing state of Pennsylvania, 0:02:23.200 --> 0:02:26.760 Kamala Harris spoke to undecided voters at a CNN Trump 0:02:26.800 --> 0:02:31.240 a town hall. She attacked Donald Trump, warning he's increasingly 0:02:31.400 --> 0:02:35.919 unfit for office and criticized his past praise for dictators 0:02:36.360 --> 0:02:38.720 and on the heels of a report in which Trump's 0:02:38.760 --> 0:02:41.320 former chief of staff John Kelly said Trump can be 0:02:41.400 --> 0:02:45.880 generally defined as a fascist, CNN's Anderson Cooper directly posed 0:02:45.880 --> 0:02:49.120 the question to Harris whether she thinks Donald Trump is 0:02:49.160 --> 0:02:49.880 a fascist. 0:02:50.240 --> 0:02:53.760 Yes, I do, and I also believe that the people 0:02:53.800 --> 0:02:56.880 who know him best on this subject should be trusted. 0:02:57.160 --> 0:02:59.560 It marked the first time Harris used the word fascist 0:02:59.639 --> 0:03:02.560 to discre Donald Trump. She also took questions from the 0:03:02.560 --> 0:03:06.400 CNN audience, framing her campaign as one of compromise. 0:03:06.800 --> 0:03:09.119 Whether it be what we need to do to actually 0:03:09.560 --> 0:03:13.560 invest in a substantial way in the industries of the future, 0:03:13.680 --> 0:03:19.160 in American based manufacturing, in American based industries where American 0:03:19.240 --> 0:03:23.080 workers and union workers have those jobs in a way 0:03:23.120 --> 0:03:26.000 that is good paying jobs, that gives people the dignity 0:03:26.040 --> 0:03:26.560 they deserve. 0:03:27.040 --> 0:03:27.840 All of those areas. 0:03:27.919 --> 0:03:30.399 I plan on working across the isle and with Congress, 0:03:30.800 --> 0:03:33.520 including the issue of immigration, which we've got to fix. 0:03:33.720 --> 0:03:36.960 Vice President Harrison Zovene that she'd serve as a president 0:03:37.000 --> 0:03:40.480 for all Americans. Trump responded to Harris on social media, 0:03:40.520 --> 0:03:43.960 saying she has a warped mind and sees that she 0:03:44.280 --> 0:03:44.880 is losing. 0:03:45.640 --> 0:03:48.440 Meanwhile, John the former president, was in the battleground state 0:03:48.480 --> 0:03:51.040 of Georgia, holding a faith based town hall in the 0:03:51.120 --> 0:03:54.360 afternoon and a rally in the evening. He reminded residents 0:03:54.360 --> 0:03:57.320 that Georgia offers early voting, which e a way you 0:03:57.360 --> 0:03:57.720 want to do. 0:03:58.000 --> 0:04:00.440 I've been one that says, which have a way out 0:04:00.480 --> 0:04:03.480 and vote, be a little careful, make sure your vote 0:04:03.480 --> 0:04:04.080 gets counted. 0:04:04.120 --> 0:04:07.720 There are ways of doing that too. And the Republican 0:04:07.760 --> 0:04:11.880 presidential nominee also criticized FEMA for its response to Hurricane Helene, 0:04:11.920 --> 0:04:14.560 saying FEMA and the White House did not do their 0:04:14.640 --> 0:04:17.880 job and quote, We've got to change it. Trump heads 0:04:18.000 --> 0:04:20.920 west to Arizona and Nevada later today. 0:04:20.800 --> 0:04:23.799 And Turning to the markets, Karen Nasdaq Future is getting 0:04:23.800 --> 0:04:26.520 a big lift this morning following earnings from Tesla. Those 0:04:26.520 --> 0:04:29.640 shares are up eleven percent pre market after the electric 0:04:29.760 --> 0:04:32.800 vehicle hosted its best quarterly results in more than a year. 0:04:33.240 --> 0:04:36.400 Tesla's cyber truck sales turned to profit for the first time. 0:04:36.640 --> 0:04:39.279 On the earnings call, the CEO of Leon, Elon Musk, 0:04:39.400 --> 0:04:42.599 promised to make Tesla the most valuable company of the 0:04:42.600 --> 0:04:46.240 world starting with its vehicle sales targets. 0:04:46.839 --> 0:04:50.120 I do want to give some some rough estimate, which 0:04:50.160 --> 0:04:54.039 I think twenty to thirty percent vehicle growth next year, 0:04:54.800 --> 0:04:57.240 you know, notwithstanding negative accenl. 0:04:57.000 --> 0:05:00.840 Events, Tesla CEO Elon Munska in the company conference calls. 0:05:01.080 --> 0:05:04.960 Tesla's market value has soared by eighty billion dollars this morning. 0:05:05.400 --> 0:05:08.840 Well on the flip side, John shares of IBM they're lower, 0:05:08.880 --> 0:05:11.640 down four and a third percent this morning. The company 0:05:11.680 --> 0:05:15.080 reported underwhelming sales as it grapples with a slowdown in 0:05:15.160 --> 0:05:19.240 consulting demand. Expectations were high for IBM heading into earnings. 0:05:19.320 --> 0:05:21.880 The company star climbed to an all time record earlier 0:05:22.000 --> 0:05:25.160 this month on the back of enthusiasm about Big Blues 0:05:25.200 --> 0:05:26.360 software unit and. 0:05:26.320 --> 0:05:29.279 In Europe Karents Shares of Barclays trading at a nine 0:05:29.360 --> 0:05:32.400 year high following the bank's latest earnings report. Let's go 0:05:32.440 --> 0:05:35.400 to London now and get the latest with Bloomberg's HWN 0:05:35.440 --> 0:05:36.720 parts you and good morning. 0:05:37.080 --> 0:05:40.200 John and Karen. It's a beat from London based Barclays 0:05:40.240 --> 0:05:43.640 on revenue and profits in the third quarter, better than 0:05:43.640 --> 0:05:46.560 expected income from the bank's two biggest divisions fueling a 0:05:46.600 --> 0:05:50.560 five percent increase in total revenues. Barclay's finally delivering on 0:05:50.600 --> 0:05:53.960 its promise to boost its flagging returns. Things not So 0:05:54.080 --> 0:05:57.360 Gucci over at carrying the French luxury group warning and 0:05:57.480 --> 0:06:00.919 your profit will fall to its lowest level since twenty sixteen. 0:06:01.279 --> 0:06:04.720 The continuing slump in Chinese demand for luxury hampering a 0:06:04.760 --> 0:06:08.080 turnaround of the group's biggest label, Gucci, But the turnaround 0:06:08.120 --> 0:06:11.800 story going better for consumer goods giant Unileva. It shares 0:06:11.880 --> 0:06:15.200 hire today after reporting sales volumes up for a fourth 0:06:15.360 --> 0:06:19.200 consecutive quarter in London. I'm une pots Bloomberg Radio, all right. 0:06:19.200 --> 0:06:21.120 You and thank you. But we're also following shares at 0:06:21.160 --> 0:06:23.839 McDonald's this morning. They're seeing a bit of a rebound 0:06:23.920 --> 0:06:26.720 up about seven tenths of a percent this morning. Yesterday, 0:06:26.800 --> 0:06:30.880 the stock dropped five percent. McDonald's supplier Taylor Farms is 0:06:30.920 --> 0:06:34.720 recalling some yellow onion batches produced in a Colorado facility 0:06:34.839 --> 0:06:37.400 in response to the deadly E. Coli outbreak at the 0:06:37.400 --> 0:06:40.599 burger chain. McDonald's hasn't yet confirmed the source of the 0:06:40.640 --> 0:06:43.600 outbreak and has that has led to dozens of illnesses 0:06:43.640 --> 0:06:47.400 and one death and ten hospitalizations across ten states. It 0:06:47.480 --> 0:06:50.320 says that slivered raw onions that go into its quarter 0:06:50.360 --> 0:06:54.080 pounder burger are the likely culprit of the contamination, though 0:06:54.080 --> 0:06:56.840 it has not ruled out beef as a potential source. 0:06:57.240 --> 0:07:00.680 And Elliott's investment management at the Southwest Lines are nearing 0:07:00.720 --> 0:07:03.720 a settlement that would avoid a proxy fight for control 0:07:03.760 --> 0:07:07.400 of the carrier's board. Bloomberg News has learned that Elliott 0:07:07.400 --> 0:07:10.480 and Southwest are discussing a framework that would result in 0:07:10.520 --> 0:07:14.880 the shareholder activists receiving several board seats but less than 0:07:14.880 --> 0:07:15.560 a majority. 0:07:16.160 --> 0:07:18.920 And John the Wall Street Journal is reporting that Currig 0:07:19.040 --> 0:07:22.200 Doctor Pepper has struck a deal to acquire energy drink 0:07:22.240 --> 0:07:26.240 maker Ghost. The price tag more than one billion dollars. 0:07:30.200 --> 0:07:31.920 Time now for look at some of the other stories 0:07:31.920 --> 0:07:33.840 making news in New York and around the world. For that, 0:07:33.880 --> 0:07:37.120 we're joined by Bloomberg's Mugel bar Michael. Good Morning, Good. 0:07:36.920 --> 0:07:40.360 Morning, Karen. Authority stopped a thread against the lection security 0:07:40.360 --> 0:07:43.480 In Arizona, a man has been charged with terrorism for 0:07:43.600 --> 0:07:48.440 allegedly hanging white bags of powder from political signs and 0:07:48.640 --> 0:07:51.920 three shootings. Tempe Police Chief Ken McCoy are. 0:07:52.000 --> 0:07:56.920 Tempe police officers arrested sixty year old Jeffrey Michael Kelly 0:07:57.440 --> 0:08:01.280 in connection with three incidents of shooting at the Democratic 0:08:01.600 --> 0:08:04.120 National Committee offices here in Tempe. 0:08:04.480 --> 0:08:07.520 Police say the suspect had more than two hundred guns. 0:08:08.080 --> 0:08:11.760 The Gaza Civil Defense says it's a catastrophic situation in 0:08:11.840 --> 0:08:14.920 northern Gaza, saying in a statement that citizens are now 0:08:15.000 --> 0:08:20.040 without humanitarian services. There continues to be heavy casualties from 0:08:20.080 --> 0:08:23.000 a tax carried out by the Israeli Defense Force. US 0:08:23.080 --> 0:08:25.840 Secretary of St Anthony Blincoln is traveling through the Middle 0:08:25.880 --> 0:08:28.560 East this week pushing for a peace deal, but it 0:08:28.600 --> 0:08:32.080 looks like there's a little hope for a ceasefire. Meanwhile, 0:08:32.120 --> 0:08:35.880 France pledged to provide a one hundred eight million dollar 0:08:36.000 --> 0:08:40.520 package to support Lebanon at an international conference. Today, President 0:08:40.559 --> 0:08:44.640 Emmanuel mccran said massive aid is needed to support the country, 0:08:44.800 --> 0:08:48.760 where war between a Hesbelah militants and Israel has displaced 0:08:48.760 --> 0:08:52.560 a million people, killed over twenty five hundred and deepened 0:08:52.640 --> 0:08:56.319 an economic crisis. The CDC is now recommending a second 0:08:56.400 --> 0:08:59.800 dose of the latest COVID nineteen vaccine for people sixty 0:08:59.800 --> 0:09:03.959 five years and older. Doctor Seline Gounder is the editor 0:09:03.960 --> 0:09:07.200 at large for Public Health at the Kaiser Family Foundation. 0:09:07.840 --> 0:09:11.120 Vast majority of COVID deaths we see today are among 0:09:11.200 --> 0:09:14.640 older people, so it's quite reasonable to be boosting older 0:09:14.679 --> 0:09:17.439 people at least twice a year, or even three to 0:09:17.520 --> 0:09:19.959 four times a year, since the boost only lasts them 0:09:19.960 --> 0:09:23.440 about three months, especially older people living in nursing homes. 0:09:24.040 --> 0:09:28.720 Doctor Gounder spoke to CBS. Automatic emergency braking systems on 0:09:28.840 --> 0:09:32.280 new vehicles are fifty percent better at reducing crashes at 0:09:32.360 --> 0:09:35.560 up to thirty five miles per hour compared to vehicles 0:09:35.559 --> 0:09:39.280 as old as the twenty seventeen models. That's according to 0:09:39.320 --> 0:09:42.160 new research from Triple A. Research has found that such 0:09:42.200 --> 0:09:46.080 safety systems in twenty twenty four cars and trucks avoided 0:09:46.200 --> 0:09:50.400 one hundred percent of forward collisions Greg Brannan is Triple 0:09:50.440 --> 0:09:53.080 A's director of Automotive Engineering Research. 0:09:53.440 --> 0:09:56.480 It was quite a big contrasts with all of the 0:09:56.559 --> 0:10:00.959 current model year vehicles avoiding a collision entire up to 0:10:01.040 --> 0:10:02.160 thirty five miles an. 0:10:02.000 --> 0:10:06.120 Hour the Triple as Greg Brannan says, though, on the downside, 0:10:06.240 --> 0:10:09.840 current automatic emergency breaking systems and vehicles are not at 0:10:09.840 --> 0:10:12.920 all effective. In the night, global news twenty four hours 0:10:12.960 --> 0:10:15.800 a day and whenever you want it with Bloomberg News. Now, 0:10:15.960 --> 0:10:17.959 I'm Michael Barr. This is Bloomberg Care. 0:10:18.200 --> 0:10:25.240 All right, Michael Barr, thank you. It is time now 0:10:25.280 --> 0:10:27.720 for the Bloomberg Sports Update, brought to you by tri 0:10:27.920 --> 0:10:30.960 State out He Here is John stash Hour, John, good morning, 0:10:31.000 --> 0:10:31.640 Good morning Care. 0:10:31.640 --> 0:10:33.760 And the Yankees just blew out to LA. They'll work 0:10:33.800 --> 0:10:36.240 out today at Dodger Stadium, start the World Series there 0:10:36.280 --> 0:10:39.640 tomorrow with Aaron Boone very confidently starting his ace. 0:10:39.800 --> 0:10:40.440 Garrett Cole. 0:10:41.160 --> 0:10:45.440 He's had those moments of truth in tough moments that 0:10:46.080 --> 0:10:50.560 he's been so good at answering throughout his time with us, 0:10:51.120 --> 0:10:54.520 and he's proven himself to be a big game pitcher. 0:10:54.840 --> 0:10:59.160 And we're obviously, you know, blessed to be able to 0:10:59.200 --> 0:11:02.120 give him the ball to get this thing started. 0:11:02.240 --> 0:11:05.079 Dodger manager Dave Roberts may not have the same confidence 0:11:05.080 --> 0:11:08.120 in Jack Flaherty. He's made three postseason starts and two 0:11:08.160 --> 0:11:10.920 went poorly, but he did throw seven shutout innings in 0:11:10.960 --> 0:11:12.800 the Game one against the Mets. He'll be backed up 0:11:12.800 --> 0:11:15.320 by a very strong Dodger bullpen, helped by a Dodger 0:11:15.360 --> 0:11:19.439 offense that scored thirty seven runs. And it's four NLCS victories. 0:11:19.480 --> 0:11:21.480 The Jets have lost four in a row, but their 0:11:21.520 --> 0:11:23.800 favorite Sunday at New England the Patriots to drop their 0:11:23.880 --> 0:11:26.120 last six. The son Raddick will play just ended as 0:11:26.200 --> 0:11:28.840 long hold out. It'll be the second game for DeVante 0:11:28.920 --> 0:11:31.439 Adams just revealed it in the jets losing locker room 0:11:31.480 --> 0:11:35.439 last Sunday in Pittsburgh. Adams criticized his brand new teammates 0:11:35.440 --> 0:11:37.960 for not having enthusiasm on the sideline. 0:11:38.160 --> 0:11:39.720 If we don't have time and I gotta do whatever 0:11:39.720 --> 0:11:42.080 I gotta do to help to stay move forward, and 0:11:42.400 --> 0:11:44.400 lack of energy. I mean that's a prerequisite to be 0:11:44.400 --> 0:11:46.760 able to go out there and have a good year 0:11:46.840 --> 0:11:48.680 or have a good player, you know, whatever it is. 0:11:48.720 --> 0:11:50.960 So in my mind it was something that I wouldn't 0:11:50.960 --> 0:11:52.560 have been able to sleep if I didn't speak. 0:11:52.360 --> 0:11:52.679 Up on it. 0:11:52.800 --> 0:11:55.400 Another veteran wide out about to get traded. Deal in 0:11:55.400 --> 0:11:57.719 the works for DeAndre Hopkins to go from one in 0:11:57.880 --> 0:12:00.599 five Tennessee to six and o. Kansas City Chiefs have 0:12:00.679 --> 0:12:03.760 three injured receivers. Jamis Winstead taken over as the starting 0:12:03.840 --> 0:12:06.600 QB in Cleveland for the injury to Shawn Watson. Carolina 0:12:06.760 --> 0:12:09.160 going back to Bryce Young. Andy Dalton broke his thumb 0:12:09.400 --> 0:12:11.960 in a car accident season opener for the NATS one 0:12:12.040 --> 0:12:14.880 twenty to one sixteen loss in Atlanta. Tree Young score 0:12:14.920 --> 0:12:17.959 thirty for the Hawks. Cam Thomas led Brooklyn with thirty six. 0:12:18.080 --> 0:12:20.960 John Stashedware Bloomberg Sports Karen John all. 0:12:20.920 --> 0:12:23.240 Right, John, thank you, and the sports update is brought 0:12:23.240 --> 0:12:25.880 to you by Audi. Visit your tri state Audie dealer 0:12:25.920 --> 0:12:28.280 today and get behind the wheel of the Audi model 0:12:28.440 --> 0:12:29.480 you've always wanted. 0:12:31.840 --> 0:12:36.000 Coast to coast on Bloomberg Radio, nationwide on Sirius XM, 0:12:36.080 --> 0:12:39.000 and around the world on Bloomberg dot Com and the 0:12:39.040 --> 0:12:42.360 Bloomberg Business app. This is Bloomberg Daybreak. 0:12:43.480 --> 0:12:46.440 It's now five for thirteen of Wall Street. The presidential 0:12:46.440 --> 0:12:50.280 contest between Donald Trump and Kamala Harris could hardly be tighter. 0:12:50.720 --> 0:12:53.960 The results of a new Bloomberg News Morning console pollar 0:12:54.080 --> 0:12:56.200 out and to walk us through it, we're joined down 0:12:56.200 --> 0:12:59.000 by Bloomberg's Kevin Whitelaw. Kevin, good morning, thanks for being 0:12:59.200 --> 0:13:02.480 with us. We looked at the swing states, the likely 0:13:02.800 --> 0:13:05.840 estates that will determine the winner. Doesn't get much closer, 0:13:05.840 --> 0:13:06.160 does it. 0:13:06.520 --> 0:13:09.360 No, it really doesn't. I mean every poll we've seen 0:13:09.400 --> 0:13:12.040 it just feels the closer and closer it gets, no 0:13:12.080 --> 0:13:15.400 matter no matter how you look at it. So you know, 0:13:15.480 --> 0:13:18.480 I think you know, I can promise you that over 0:13:18.480 --> 0:13:20.319 the next two weeks. The phrase you are going to 0:13:20.400 --> 0:13:23.040 hear over and over and over from anyone looking at 0:13:23.080 --> 0:13:25.560 these results is it's all going to come down to 0:13:25.559 --> 0:13:28.800 turn out. And that's just clear ultimately what is going 0:13:28.840 --> 0:13:31.400 on here. This is settled into the exact kind of 0:13:31.400 --> 0:13:34.040 election everyone had always thought it would be, which is 0:13:34.160 --> 0:13:37.800 a fifty to fifty election in the states where that 0:13:37.840 --> 0:13:41.000 are going to end up deciding it. And there's sort 0:13:41.000 --> 0:13:44.000 of no way around those dynamics. And so it's going 0:13:44.040 --> 0:13:48.120 to very much come down to the voter enthusiasm and 0:13:48.160 --> 0:13:51.479 the ability of either candidate to turn out their supporters 0:13:51.520 --> 0:13:52.560 on election day. 0:13:52.679 --> 0:13:55.240 As for the issue that may decide the race, I'm 0:13:55.280 --> 0:13:58.040 reminded of a phrase from an election some years ago. 0:13:58.480 --> 0:14:02.640 It's the economy stoopid. How do the candidates fare when 0:14:02.640 --> 0:14:05.400 it comes to the economy in voters' minds? 0:14:06.320 --> 0:14:08.480 Yeah, I mean, I think this was always a place 0:14:08.559 --> 0:14:13.320 that was the biggest vulnerability for Democrats, given you know, 0:14:13.400 --> 0:14:16.560 when when people are feel you know, watching, you know, 0:14:16.600 --> 0:14:19.880 feeling inflation pinch, you know, it's the party in power 0:14:19.920 --> 0:14:23.320 that's that's going to get punished. You are seeing Kamala 0:14:23.320 --> 0:14:25.080 Harris close the gap a little bit at least. 0:14:25.640 --> 0:14:25.720 Uh. 0:14:25.800 --> 0:14:30.080 These pole results are are suggesting that, so she's gaining 0:14:30.120 --> 0:14:34.000 some ground and interesting that you're also seeing some people 0:14:34.080 --> 0:14:36.920 sort of get slightly less pessive pessimistic about where the 0:14:36.960 --> 0:14:39.640 economy is and what inflation is doing. But you know, 0:14:39.720 --> 0:14:41.920 too much of this is simply baked in, and you've 0:14:41.960 --> 0:14:44.080 got a lot of people in the swing states who 0:14:44.120 --> 0:14:47.160 are looking at the price of groceries, the price of restaurants, 0:14:47.240 --> 0:14:50.120 these prices they're encountering in their you know, every day 0:14:50.160 --> 0:14:53.360 in their regular lives, and that's still just difficult with 0:14:53.400 --> 0:14:56.560 wages not keeping up and so you know, when it 0:14:56.600 --> 0:14:59.520 comes to who's going to steward the economy better, you know, 0:14:59.520 --> 0:15:01.760 Trump's do the slight edge, it's just smaller than it 0:15:01.840 --> 0:15:03.760 used to be in Kama. Harris has made a lot 0:15:03.760 --> 0:15:06.560 of inroads on that, and more importantly, she's also made 0:15:06.560 --> 0:15:09.680 some inroads on sort of the trust question in a 0:15:09.760 --> 0:15:11.880 number of other key areas. And so I think you're 0:15:11.880 --> 0:15:15.840 going to see you're seeing the enthusiasm among female voters 0:15:15.880 --> 0:15:19.080 in particular for her is very high, and that could 0:15:19.160 --> 0:15:22.080 be a bit of an X factor that could perhaps 0:15:22.240 --> 0:15:26.120 not be fully reflected in these results for Trump. It's 0:15:26.200 --> 0:15:30.080 actually almost the slight opposite issue where you have a 0:15:30.120 --> 0:15:33.640 lot of enthusiasm, But these are often among voting groups, 0:15:33.680 --> 0:15:37.240 particularly young men who historically don't vote it terribly high rates. 0:15:37.480 --> 0:15:40.520 And let's focus on Pennsylvania. If we could, with what 0:15:40.680 --> 0:15:44.800 the nineteen delegates at stake there, what were the specific results. 0:15:45.800 --> 0:15:48.760 Yeah, I mean, I think, you know, like all these 0:15:48.920 --> 0:15:52.280 it is so close that that you almost can't look 0:15:52.280 --> 0:15:55.480 at any one poll, even ours, as good as ours 0:15:55.520 --> 0:15:58.560 of course is, and say what it means. But it 0:15:58.680 --> 0:16:02.480 is showing that Harris has a bit of a lead 0:16:02.520 --> 0:16:05.400 in Pennsylvania. She's sort of leading by about you know, 0:16:05.440 --> 0:16:07.840 one point seven percentage points. But then if you look 0:16:07.840 --> 0:16:11.400 at the overall sort of five thirty eight polling average, 0:16:11.960 --> 0:16:14.040 which is sort of the you know, looking at the 0:16:14.320 --> 0:16:18.840 broadest collection of polls across you know, from from across 0:16:18.880 --> 0:16:21.560 all these different polling organizations, you know, Trump's the one 0:16:21.560 --> 0:16:23.840 who has a very very slight edge there. So you're 0:16:23.880 --> 0:16:26.680 seeing the tightening across all of this, and at some point, 0:16:26.720 --> 0:16:29.600 I think, you know, we're we are getting to the 0:16:29.600 --> 0:16:32.800 place where the polling can only tell us so much 0:16:32.880 --> 0:16:35.560 because it can't ultimately predict who's going to show up, 0:16:35.600 --> 0:16:40.840 who's going to vote. But the early voting numbers are showing, 0:16:42.200 --> 0:16:44.280 you know, even higher numbers than we saw in the 0:16:44.360 --> 0:16:48.120 last election cycle. So there's clearly that effort that both 0:16:48.160 --> 0:16:50.400 parties are spending, the huge amounts of money they're spending 0:16:50.400 --> 0:16:53.520 to try to you know, get voters out there is 0:16:53.880 --> 0:16:55.080 having an impact already. 0:16:55.200 --> 0:16:58.640 Can we divine from that early voting that turnout is 0:16:58.840 --> 0:17:02.200 going to be better than ex or higher than expected. 0:17:03.040 --> 0:17:07.400 I mean, it's hard to tell because you know, obviously, 0:17:07.520 --> 0:17:09.920 if you're voting early, it mention not voting on election day, 0:17:10.440 --> 0:17:12.720 but it has in the past showed that there has 0:17:12.760 --> 0:17:15.399 been a higher level of you know, in the past 0:17:15.440 --> 0:17:18.840 early higher early voting has translated into higher overall turnout. 0:17:18.880 --> 0:17:23.200 There's obviously twenty twenty was a high turnout election. I 0:17:23.240 --> 0:17:25.159 would I don't know if this one can be bigger 0:17:25.240 --> 0:17:28.399 or not. But given the amount of money that's been spent, 0:17:28.480 --> 0:17:32.720 the huge, huge sums, the huge amount of emotions surrounding 0:17:32.720 --> 0:17:34.959 the race on both sides, I do think people are 0:17:35.000 --> 0:17:38.400 expecting it to be to be quite a turnout. 0:17:38.600 --> 0:17:42.000 Kevin, real quick, how are these polling results likely to 0:17:42.040 --> 0:17:44.159 shape the campaign in the final days? 0:17:44.840 --> 0:17:47.960 Yeah, I mean I think that for Kamala Harris, you 0:17:48.000 --> 0:17:50.280 can see that she's going to be spending her time 0:17:50.480 --> 0:17:56.040 really in those blue wall states Michigan and Pennsylvania and Wisconsin. 0:17:56.080 --> 0:17:58.760 That's where she's really going to be focusing most of 0:17:58.800 --> 0:18:03.400 her efforts. She knows that that's ultimately the best easiest 0:18:03.400 --> 0:18:06.240 path she has, and so she's going to be trying 0:18:06.240 --> 0:18:08.240 to make sure that those voters get to see her 0:18:08.240 --> 0:18:10.280 and that she gets to make her closing case there. 0:18:11.000 --> 0:18:13.640 Trump has really been a little more focused on sort 0:18:13.680 --> 0:18:17.000 of the bigger, splashier stuff and things that aren't really 0:18:17.040 --> 0:18:20.600 necessarily even targeted at swing states. You know, he's got 0:18:20.600 --> 0:18:24.439 his Madison Square Garden appearance coming up in New York City. 0:18:25.080 --> 0:18:27.000 You know, I think that's that sort of shows he's 0:18:27.119 --> 0:18:30.840 he's always been on a somewhat different track. The dynamics 0:18:30.880 --> 0:18:32.760 for him have always sort of worked out different than 0:18:32.840 --> 0:18:36.240 just about any other candidate. But you know, I think 0:18:36.400 --> 0:18:39.520 ultimately both of them need to are going about their 0:18:39.560 --> 0:18:42.680 own way and trying to figure out how do you motivate, 0:18:42.920 --> 0:18:46.440 how do you excite, how do you and finally convince 0:18:47.000 --> 0:18:49.800 what have to be like the four remaining undecided voters 0:18:49.800 --> 0:18:51.359 in the entire country of the United States. 0:18:51.520 --> 0:18:54.560 Birks Kevin Whitelaw, Kevin, thanks very much for being with 0:18:54.640 --> 0:18:58.400 us this morning, Karen, all. 0:18:58.440 --> 0:19:01.359 Right, John, Well, we are watching too this morning. Of course, 0:19:01.359 --> 0:19:04.800 those shares are of eleven percent in early trading. Assesster 0:19:04.920 --> 0:19:08.000 It delivered some of blowout results and that's helping futures 0:19:08.040 --> 0:19:10.320 this morning as well. S and P futures up half 0:19:10.359 --> 0:19:13.200 percent or twenty six points down. Futures are a little changed. 0:19:13.480 --> 0:19:16.240 NASDAK futures up a tensive percent or one hundred and 0:19:16.280 --> 0:19:18.960 fifty eight points. A ten year treasury up twelve thirty seconds. 0:19:19.000 --> 0:19:21.320 You have four point one nine percent held on the 0:19:21.359 --> 0:19:24.080 two year, four point oh four percent nine Excreued oil 0:19:24.160 --> 0:19:26.159 is up one point nine percent of a dollar thirty 0:19:26.160 --> 0:19:28.840 two at seventy two dollars nine cents of barrel Well 0:19:28.880 --> 0:19:31.320 Comics gold is up a tensive percent of twenty one 0:19:31.320 --> 0:19:34.720 dollars thirty cents at twenty seven fifty seventy one ounce. 0:19:34.760 --> 0:19:36.960 And that's a Bloomberg Business Flash, John. 0:19:37.359 --> 0:19:41.439 Bloomberg's Karen Moscow. Karen, thanks very much. Another major story 0:19:41.480 --> 0:19:45.560 we're following this morning, the blowout quarter from Tesla. Those 0:19:45.560 --> 0:19:49.040 shares up eleven percent pre market. It's giving a boost 0:19:49.040 --> 0:19:52.080 to the tech sector overall. And let's get more analos 0:19:52.119 --> 0:19:55.240 this this morning. Bring in our next guest, Dan Ives, 0:19:55.400 --> 0:19:58.840 the senior tech analyst at web Bush Securities. Dan thanks 0:19:58.960 --> 0:20:01.399 very much for being with us this morning. Give us 0:20:01.440 --> 0:20:03.639 the highlights as far as you can see them of 0:20:03.720 --> 0:20:05.520 the quarter and the look ahead. 0:20:06.520 --> 0:20:11.320 Yeah, and this is a blowout quarter for Tesla, specifically margins. 0:20:11.880 --> 0:20:15.160 They've had all these price cuts the last year that stopped, 0:20:15.280 --> 0:20:19.840 so now Margins two hundred basis points above the street. 0:20:19.880 --> 0:20:22.560 But the big thing they gave huge guidance for next 0:20:22.600 --> 0:20:26.320 year twenty and thirty percent delivery growth. This was an 0:20:26.320 --> 0:20:28.520 Aaron Judge like quarter for Tesla. 0:20:29.280 --> 0:20:32.760 Uh, who is buying the cyber truck, Dan, I can't 0:20:32.800 --> 0:20:34.760 tell how many they sold from this report. 0:20:36.240 --> 0:20:38.360 Look, in terms of the cyber truck, I mean that 0:20:38.400 --> 0:20:41.679 continues to be you know, I think, a strong product, 0:20:41.760 --> 0:20:44.960 but small today. I mean, if you look at it, 0:20:44.960 --> 0:20:48.400 it's a high end buyer. But really for Tesla, it's 0:20:48.440 --> 0:20:53.520 now expanding the actual roadmap beyond the cyber truck. We 0:20:53.600 --> 0:20:56.960 believe a sub thirty thousand dollars vehicle comes out next year. 0:20:57.280 --> 0:20:58.359 That's going to be the key. 0:20:59.560 --> 0:21:01.920 What are the prospects for some of the other businesses, 0:21:01.960 --> 0:21:06.720 specifically energy storage? Can you tell us more about that. 0:21:07.760 --> 0:21:11.520