WEBVTT - Presidential Immunity Ruling Reaction; Dems May Nominate Biden Early

0:00:02.480 --> 0:00:06.840
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:09.520 --> 0:00:11.320
<v Speaker 2>Good morning. I'm Nathan Hager.

0:00:11.240 --> 0:00:14.480
<v Speaker 1>And I'm Karen Moscow. Here are the stories we're following today.

0:00:14.840 --> 0:00:17.439
<v Speaker 2>Karen, we begin with the Supreme Court decision that could

0:00:17.480 --> 0:00:20.959
<v Speaker 2>reshape the twenty twenty four presidential race and alter the

0:00:21.000 --> 0:00:24.800
<v Speaker 2>limits of presidential power well beyond this year. The Justice

0:00:24.840 --> 0:00:26.720
<v Speaker 2>is ruled in a six to three vote that former

0:00:26.760 --> 0:00:30.680
<v Speaker 2>President Donald Trump has some immunity from criminal charges over

0:00:30.720 --> 0:00:33.920
<v Speaker 2>his efforts to overturn the twenty twenty election. Last night,

0:00:33.960 --> 0:00:36.400
<v Speaker 2>President Biden went before the cameras at the White House

0:00:36.400 --> 0:00:38.919
<v Speaker 2>to say the High Court set a dangerous precedent.

0:00:39.440 --> 0:00:43.240
<v Speaker 3>No one, no one is above the law, not even

0:00:43.280 --> 0:00:47.280
<v Speaker 3>the President of the United States. With today's Supreme Court decision,

0:00:47.520 --> 0:00:53.680
<v Speaker 3>I'm presidential immunity that fundamentally changed for all, for all

0:00:53.720 --> 0:00:58.640
<v Speaker 3>practical purposes. Today's decision almost certainly means that there are virtually.

0:00:58.280 --> 0:01:02.360
<v Speaker 2>No limits or And now President Biden says us up

0:01:02.360 --> 0:01:04.800
<v Speaker 2>to voters to render a judgment on Trump and decide

0:01:04.800 --> 0:01:08.640
<v Speaker 2>whether his actions on January sixth make him unfit for office.

0:01:09.160 --> 0:01:11.959
<v Speaker 1>Well now, Nathan, former President Trump is looking to take

0:01:12.000 --> 0:01:14.800
<v Speaker 1>his victory at the Supreme Court into new York. His

0:01:14.959 --> 0:01:17.440
<v Speaker 1>lawyers have taken the first steps to have his criminal

0:01:17.520 --> 0:01:20.480
<v Speaker 1>hush money convictions tossed out now that the High Court

0:01:20.520 --> 0:01:23.720
<v Speaker 1>has found he has substantial immunity. Trump is due for

0:01:23.880 --> 0:01:26.840
<v Speaker 1>sentencing next week on the thirty four felony counts. His

0:01:26.920 --> 0:01:29.679
<v Speaker 1>legal team is asking for a delay to allow time

0:01:29.720 --> 0:01:31.080
<v Speaker 1>for briefing and arguments.

0:01:31.200 --> 0:01:34.600
<v Speaker 2>I'm sticking with presidential politics careen. The Democratic National Committee

0:01:34.640 --> 0:01:38.119
<v Speaker 2>is now considering formally nominating Joe Biden as early as

0:01:38.240 --> 0:01:42.680
<v Speaker 2>this month, nearly a month before their convention. Bloomberg's Amy

0:01:42.720 --> 0:01:44.320
<v Speaker 2>Morris reports from Washington.

0:01:44.880 --> 0:01:47.920
<v Speaker 4>The strategy is to ensure that President Biden is on

0:01:48.000 --> 0:01:51.600
<v Speaker 4>November ballots and stamp out any intra party chatter of

0:01:51.640 --> 0:01:55.840
<v Speaker 4>replacing Biden after last week's poor debate performance. A potential

0:01:55.920 --> 0:01:58.720
<v Speaker 4>date for Biden's nomination is July twenty first, when the

0:01:58.720 --> 0:02:02.880
<v Speaker 4>Democratic Convention's create Udentials Committee meets. Virtually that's according to

0:02:02.880 --> 0:02:05.919
<v Speaker 4>people familiar with the matter who spoke on condition of anonymity.

0:02:06.280 --> 0:02:09.320
<v Speaker 4>The panel is meeting to finalize procedures before the party's

0:02:09.360 --> 0:02:13.160
<v Speaker 4>convention in Chicago starts August nineteenth. In Washington, Amy Morris

0:02:13.160 --> 0:02:14.240
<v Speaker 4>Bloomberg Radio.

0:02:14.320 --> 0:02:17.840
<v Speaker 1>Amy, thank you all. Despite Biden's debate performance. The President's

0:02:17.880 --> 0:02:20.840
<v Speaker 1>campaigns says it raised one hundred and twenty seven million

0:02:20.919 --> 0:02:24.359
<v Speaker 1>dollars in June. The hall is the Biden campaign's best

0:02:24.400 --> 0:02:27.880
<v Speaker 1>fundraising month of the election cycle. Biden AD's have pointed

0:02:27.880 --> 0:02:31.000
<v Speaker 1>to their ability to rake in cash despite his performance

0:02:31.320 --> 0:02:34.639
<v Speaker 1>as evidence the President retained his party support and had

0:02:34.639 --> 0:02:36.840
<v Speaker 1>not irrevocably damaged his campaign.

0:02:37.080 --> 0:02:40.600
<v Speaker 2>It's turned to politics overseas now. Karen French President, Emmanuel

0:02:40.639 --> 0:02:44.000
<v Speaker 2>mccrone's centrist Alliance and the left wing New Popular Front

0:02:44.240 --> 0:02:47.880
<v Speaker 2>are considering pulling candidates from the second round of parliamentary

0:02:47.919 --> 0:02:51.000
<v Speaker 2>voting in a bid to stop the far right. The

0:02:51.120 --> 0:02:53.680
<v Speaker 2>National Rally and it's allies won the largest share of

0:02:53.680 --> 0:02:55.880
<v Speaker 2>the vote in the first round, with just over thirty

0:02:55.880 --> 0:02:59.360
<v Speaker 2>three percent. Now, an outright majority for Marine La Penn's

0:02:59.400 --> 0:03:02.960
<v Speaker 2>party or a hung parliament are the most likely eventualities.

0:03:03.040 --> 0:03:05.680
<v Speaker 2>Alan Katz is Bloomberg's bureau chief in Paris.

0:03:06.080 --> 0:03:09.520
<v Speaker 5>If you're in the financial market, your best case scenario

0:03:09.720 --> 0:03:12.320
<v Speaker 5>is nothing happens over the next three years. This is

0:03:12.440 --> 0:03:16.959
<v Speaker 5>very hard for French people to accept the idea that

0:03:17.120 --> 0:03:20.760
<v Speaker 5>you might spend a long time not legislating, not really

0:03:20.800 --> 0:03:23.240
<v Speaker 5>doing anything it's very different. You know, if you're American,

0:03:23.720 --> 0:03:25.560
<v Speaker 5>that sort of you're like, well, actually, that's way it's

0:03:25.600 --> 0:03:27.119
<v Speaker 5>been for most of the time, for the last twenty

0:03:27.200 --> 0:03:29.520
<v Speaker 5>or thirty years, but here it's not. France is sort

0:03:29.520 --> 0:03:33.760
<v Speaker 5>of a semi presidential semi parliamentary system. Usually the government

0:03:33.800 --> 0:03:36.240
<v Speaker 5>that the executive branch has a majority in parliament and

0:03:36.280 --> 0:03:37.800
<v Speaker 5>can basically pass whatever they want.

0:03:37.960 --> 0:03:40.720
<v Speaker 2>Bloomberg Paris Bureau chief Allan Katz says the second round

0:03:40.760 --> 0:03:43.680
<v Speaker 2>of voting takes place Sunday. Stocks in France are lower

0:03:43.760 --> 0:03:47.200
<v Speaker 2>this morning. They've now wiped out nearly all of yesterday's games.

0:03:47.720 --> 0:03:47.880
<v Speaker 6>Well.

0:03:47.920 --> 0:03:50.920
<v Speaker 1>Here in the US, Nathan futures are lower. Ahead of

0:03:50.960 --> 0:03:54.040
<v Speaker 1>the session on Wall Street, automakers will be in focus,

0:03:54.080 --> 0:03:58.040
<v Speaker 1>with car makers releasing monthly sales data. Analysts are expecting

0:03:58.080 --> 0:04:01.520
<v Speaker 1>Tesla to report another quarter of sales and dan Ives

0:04:01.520 --> 0:04:04.000
<v Speaker 1>covers the ev maker for web Bush Securities.

0:04:04.800 --> 0:04:08.400
<v Speaker 7>I think Tesla bet Whisper numbers four fifteen K four

0:04:08.360 --> 0:04:11.480
<v Speaker 7>to twenty and this marks what I believe is the

0:04:11.600 --> 0:04:15.520
<v Speaker 7>worst in the rearview mirror. The comeback story for Musk

0:04:15.560 --> 0:04:18.479
<v Speaker 7>and Tesla has begun, which is why we see a

0:04:18.480 --> 0:04:20.880
<v Speaker 7>bold case for the stock going into the next six.

0:04:20.680 --> 0:04:23.240
<v Speaker 1>Months, when Bush's dan ives as a two hundred and

0:04:23.279 --> 0:04:26.320
<v Speaker 1>seventy five dollars price target for Tesla. The stock trading

0:04:26.360 --> 0:04:28.279
<v Speaker 1>around two hundred eight this morning.

0:04:28.200 --> 0:04:31.599
<v Speaker 2>And Microsoft will begin today's session at all time highs Karen.

0:04:31.640 --> 0:04:35.240
<v Speaker 2>As a result, Steve Balmer has now passed Bill Gates

0:04:35.360 --> 0:04:38.960
<v Speaker 2>as the sixth richest person in the world. We get

0:04:39.000 --> 0:04:41.200
<v Speaker 2>more from Bloomberg's Charlie Pellett.

0:04:41.480 --> 0:04:44.520
<v Speaker 8>It is the first time that the former CEO of

0:04:44.640 --> 0:04:48.599
<v Speaker 8>Microsoft has been wealthier than the company's co founder. The

0:04:48.720 --> 0:04:52.720
<v Speaker 8>move came as Microsoft shares rose to another record, bringing

0:04:52.760 --> 0:04:56.839
<v Speaker 8>their total game this year to twenty one percent. The company,

0:04:56.880 --> 0:04:59.880
<v Speaker 8>through its partnership with open Ai, has been one of

0:05:00.000 --> 0:05:04.520
<v Speaker 8>the biggest beneficiaries of the artificial intelligence rally that has

0:05:04.560 --> 0:05:08.080
<v Speaker 8>powered the US stock market higher. More than ninety percent

0:05:08.160 --> 0:05:11.400
<v Speaker 8>of Balmer's one hundred and fifty seven point two billion

0:05:11.440 --> 0:05:15.400
<v Speaker 8>dollar net worth is in Microsoft shares, according to the

0:05:15.440 --> 0:05:20.560
<v Speaker 8>Bloomberg Billionaire's Index in New York. Charlie Pellett Bloomberg Radio.

0:05:20.680 --> 0:05:23.120
<v Speaker 1>Right, Charlie, thank you, and we're also following shares at

0:05:23.120 --> 0:05:25.960
<v Speaker 1>Paramount Global this morning. This after The New York Times

0:05:26.000 --> 0:05:29.679
<v Speaker 1>reported Barry Diller is considering making an offer for control

0:05:29.680 --> 0:05:32.440
<v Speaker 1>of the company. We get more from Bloomberg's Doug Krisner.

0:05:32.960 --> 0:05:35.960
<v Speaker 6>Diller's interest in Paramount is the latest twist and a

0:05:36.000 --> 0:05:39.200
<v Speaker 6>complex and dramatic effort to sell the company. Last month,

0:05:39.240 --> 0:05:42.920
<v Speaker 6>a deal seemed close with Skydance Media. Then talks between

0:05:42.960 --> 0:05:47.520
<v Speaker 6>Skydance and Paramount's controlling shareholder, National Amusements, fell apart. It

0:05:47.560 --> 0:05:51.839
<v Speaker 6>appears Diller's non disclosure agreement with National Amusements was signed

0:05:51.880 --> 0:05:54.960
<v Speaker 6>sometime after the Skydance deal fell through. Now a bit

0:05:55.000 --> 0:05:57.719
<v Speaker 6>to take control of Paramount would be a codea of

0:05:57.800 --> 0:06:00.719
<v Speaker 6>sorts for Diller. He tried to acquire Paramot Pictures in

0:06:00.760 --> 0:06:04.560
<v Speaker 6>the early nineteen nineties. Buddy was outbid by Sumner Redstone,

0:06:04.560 --> 0:06:08.039
<v Speaker 6>the media mogul whose daughter Sherry now controls the company

0:06:08.080 --> 0:06:09.400
<v Speaker 6>through National Amusements.

0:06:09.600 --> 0:06:10.080
<v Speaker 9>In New York.

0:06:10.120 --> 0:06:11.560
<v Speaker 6>I'm Doug Prisoner, Bloomberg Radio.

0:06:11.800 --> 0:06:14.239
<v Speaker 1>All right, Doug, thank you, and shares a. Paramount Global

0:06:14.360 --> 0:06:20.240
<v Speaker 1>up almost three percent this morning. Time now for a

0:06:20.240 --> 0:06:21.960
<v Speaker 1>look at some of the other stories making news in

0:06:21.960 --> 0:06:23.760
<v Speaker 1>New York and around the world. For that, we're joined

0:06:23.760 --> 0:06:26.400
<v Speaker 1>by Bloomberg's Michael Barr. Michael, good morning.

0:06:26.200 --> 0:06:30.679
<v Speaker 9>Good morning, Karen Hurricane Beryl is strengthened to Category five

0:06:30.800 --> 0:06:35.120
<v Speaker 9>status as it crosses islands in the southeastern Caribbean. It's

0:06:35.160 --> 0:06:39.200
<v Speaker 9>the earliest Cat five hurricane in the Atlantic ever. Beryl

0:06:39.279 --> 0:06:43.240
<v Speaker 9>ripped off doors, windows and roofs and homes. Grenada's Prime

0:06:43.279 --> 0:06:46.680
<v Speaker 9>Minister Dick and Mitchell said late last night that one

0:06:46.720 --> 0:06:49.640
<v Speaker 9>person had died and authorities had not been able to

0:06:49.680 --> 0:06:52.960
<v Speaker 9>assess the situation on some hard hit islands.

0:06:53.040 --> 0:06:56.760
<v Speaker 7>The expectation is that the damage in Kaikwon pet Machnik

0:06:57.200 --> 0:06:58.480
<v Speaker 7>is going to be extreme.

0:06:59.360 --> 0:07:02.760
<v Speaker 9>Early today, Beryl's wins increased to one hundred and sixty

0:07:02.800 --> 0:07:06.600
<v Speaker 9>five miles per hour. It is forecast pass near Jamaica tomorrow.

0:07:07.080 --> 0:07:10.080
<v Speaker 9>A Massachusetts judge declared to miss trial in the case

0:07:10.080 --> 0:07:13.600
<v Speaker 9>of Karen Reid, the woman accused of running over her boyfriend,

0:07:13.760 --> 0:07:17.480
<v Speaker 9>a Boston police officer, with their suv and leaving him

0:07:17.520 --> 0:07:20.920
<v Speaker 9>to die in a snowstorm. In twenty twenty two. Jurors

0:07:20.920 --> 0:07:23.640
<v Speaker 9>were in their fifth day of deliberations when the four

0:07:23.800 --> 0:07:27.560
<v Speaker 9>person eventually told the judge that they hadn't reached a

0:07:27.680 --> 0:07:30.920
<v Speaker 9>unanimous verdict. Judge Beverly canone.

0:07:30.640 --> 0:07:34.040
<v Speaker 1>To continue to deliberate would be feudal and only serve

0:07:34.120 --> 0:07:37.040
<v Speaker 1>to force us to compromise these deeply held beliefs.

0:07:37.680 --> 0:07:41.560
<v Speaker 9>Defense attorney Alan Jackson celebrated the decision outside the courthouse.

0:07:42.000 --> 0:07:44.480
<v Speaker 10>This is what it looks like when you bring false

0:07:44.560 --> 0:07:46.080
<v Speaker 10>charges against an innocent person.

0:07:46.560 --> 0:07:49.720
<v Speaker 9>Reed must return to a Massachusetts court room later this

0:07:49.880 --> 0:07:53.400
<v Speaker 9>month and stand trial for the death of Brian O'Keefe again.

0:07:54.000 --> 0:07:57.360
<v Speaker 9>The Israeli Army has ordered a mass evacuation of Palestinians

0:07:57.720 --> 0:08:01.440
<v Speaker 9>for much of Gaza's second largest city, con Unis. The

0:08:01.720 --> 0:08:04.760
<v Speaker 9>order is a sign that Israeli troops could soon return

0:08:04.880 --> 0:08:07.920
<v Speaker 9>to the southern city. It is also in the indications

0:08:08.000 --> 0:08:12.920
<v Speaker 9>that Hamas has regrouped there. We're learning several US military

0:08:12.920 --> 0:08:16.560
<v Speaker 9>bases across Europe were put under a heightened state of alert,

0:08:16.640 --> 0:08:20.240
<v Speaker 9>a force protection condition, over the weekend. It is the

0:08:20.280 --> 0:08:23.760
<v Speaker 9>second highest state of alert that applies when an incident

0:08:23.800 --> 0:08:28.840
<v Speaker 9>occurs or intelligence is received indicating some form of terrorist action.

0:08:29.520 --> 0:08:33.800
<v Speaker 9>Deputy Press Secretary Sabrina Singh spoke during Monday's Pentagon briefing

0:08:34.320 --> 0:08:38.040
<v Speaker 9>not related to a single threat, but it was due

0:08:38.040 --> 0:08:41.560
<v Speaker 9>to a combination of factors, potentially things impacting the safety

0:08:41.600 --> 0:08:44.839
<v Speaker 9>and security of service members stationed in the European theater,

0:08:45.400 --> 0:08:48.040
<v Speaker 9>The Pentagon. Sabrina Singh says the height and alert was

0:08:48.080 --> 0:08:51.240
<v Speaker 9>done out of an abundance of caution. Global news twenty

0:08:51.240 --> 0:08:53.720
<v Speaker 9>four hours a day and whenever you want it with

0:08:53.760 --> 0:08:57.160
<v Speaker 9>the Bloomberg News Now. I'm Michael Barr, and this is Bloomberg.

0:08:56.679 --> 0:09:03.719
<v Speaker 1>Karen Ray, Michael Barr, thank you time now for the

0:09:03.760 --> 0:09:06.280
<v Speaker 1>Bloomberg Sports Update with John Stashauer.

0:09:06.400 --> 0:09:08.640
<v Speaker 11>John, good morning, Good morning Carrion. It's a busy day

0:09:08.679 --> 0:09:12.920
<v Speaker 11>for the NBA champion Boston Celtics. First they rewarded Derek

0:09:12.960 --> 0:09:14.959
<v Speaker 11>White with a four year, one hundred and twenty six

0:09:15.000 --> 0:09:18.320
<v Speaker 11>million dollar extension, and then they rewarded Jason Tatum with

0:09:18.440 --> 0:09:21.280
<v Speaker 11>a super Max deal of five years, three hundred and

0:09:21.360 --> 0:09:25.079
<v Speaker 11>fifteen million, So Tatum will make sixty three million a year,

0:09:25.120 --> 0:09:27.600
<v Speaker 11>most in history. And the Celtics have been put up

0:09:27.600 --> 0:09:30.520
<v Speaker 11>for sale. Wick Grossbeck became majority owner in two thousand

0:09:30.520 --> 0:09:32.760
<v Speaker 11>and two with a purchase price of three hundred and

0:09:32.800 --> 0:09:35.920
<v Speaker 11>sixty million. The Celtics have been valued at four point

0:09:35.960 --> 0:09:39.400
<v Speaker 11>seven billion. Klay Thompson leaving the Warriors after thirteen seasons

0:09:39.400 --> 0:09:42.760
<v Speaker 11>and four championships. He's headed to Dallas, and Isaiah Hartenstein

0:09:42.880 --> 0:09:45.920
<v Speaker 11>is leaving the Knicks headed for Oklahoma City, which means

0:09:45.920 --> 0:09:49.280
<v Speaker 11>the Knicks need a center. They may resign Tresca Sachua.

0:09:49.320 --> 0:09:52.840
<v Speaker 11>There's also NHL free agency, and among the signings Steven

0:09:52.920 --> 0:09:56.240
<v Speaker 11>Stamcos with Nashville. He had spent his entire sixteen year

0:09:56.280 --> 0:09:59.319
<v Speaker 11>career with Tampa Bay Mets. The Nationals first of four

0:09:59.360 --> 0:10:02.960
<v Speaker 11>in DC three three in the tenth inning, oh in

0:10:03.080 --> 0:10:06.560
<v Speaker 11>two the count, Harvey ready. He delivers swung on, hitting

0:10:06.600 --> 0:10:07.959
<v Speaker 11>the air deep center field.

0:10:08.080 --> 0:10:10.880
<v Speaker 2>Young drifting back to the warning track, turns at.

0:10:10.760 --> 0:10:16.480
<v Speaker 4>The wall, gone, go ahead, three run home run J D.

0:10:16.920 --> 0:10:20.040
<v Speaker 4>Martinez six, three Mets.

0:10:20.040 --> 0:10:23.760
<v Speaker 11>In the tenth WCBS, Mets weren't done. Francisco Alvarez his

0:10:23.800 --> 0:10:26.120
<v Speaker 11>first ever triple, scored another run and then a two

0:10:26.200 --> 0:10:28.760
<v Speaker 11>run homer by Jose Iglesias, and the Mets needed that

0:10:29.280 --> 0:10:31.880
<v Speaker 11>because the Nats scored four in the bottom of the tenth.

0:10:31.920 --> 0:10:34.480
<v Speaker 11>Mets won ninety seven. They won without Brandon Nimmo. He

0:10:34.559 --> 0:10:37.480
<v Speaker 11>fainted in his hotel room, suffered a gash on his

0:10:37.600 --> 0:10:40.199
<v Speaker 11>head with no concussion. Nemo hopes to play tonight in

0:10:40.320 --> 0:10:42.520
<v Speaker 11>Kansas City. Was the end of group play in Copa

0:10:42.559 --> 0:10:45.120
<v Speaker 11>America in the US. After getting upset by Panama had

0:10:45.120 --> 0:10:48.960
<v Speaker 11>to win to advance. Lost one Nilta Uruguay, who scored

0:10:49.000 --> 0:10:51.800
<v Speaker 11>sixty six minute the US is out and Wimbledon Arena

0:10:51.840 --> 0:10:54.720
<v Speaker 11>Sabalanca set in third Withdrew with a shoulder injury. Opening

0:10:54.760 --> 0:10:58.200
<v Speaker 11>day wins for Coco Goff, Carlos Alcaraz and Yanni Center

0:10:58.480 --> 0:11:00.640
<v Speaker 11>Josh Dashtan. We're Bloomberg's Karen.

0:11:02.960 --> 0:11:07.080
<v Speaker 9>Coast to Coast on Bloomberg Radio nationwide on Syrias XM,

0:11:07.160 --> 0:11:10.080
<v Speaker 9>and around the world on Bloomberg dot Com and the

0:11:10.120 --> 0:11:11.360
<v Speaker 9>Bloomberg Business app.

0:11:11.559 --> 0:11:13.520
<v Speaker 11>This is Bloomberg Daybreak.

0:11:13.679 --> 0:11:14.199
<v Speaker 8>Good morning.

0:11:14.200 --> 0:11:15.080
<v Speaker 11>I'm Nathan Hager.

0:11:15.160 --> 0:11:18.960
<v Speaker 2>President Biden is blasting the Supreme Court's final decision of

0:11:19.000 --> 0:11:23.600
<v Speaker 2>its term giving presidents some immunity from criminal prosecution over

0:11:23.840 --> 0:11:24.920
<v Speaker 2>official acts.

0:11:25.280 --> 0:11:28.960
<v Speaker 3>This is a fundamentally new principle, and it's a dangerous

0:11:29.000 --> 0:11:32.320
<v Speaker 3>precedent because the power of the office will no longer

0:11:32.360 --> 0:11:35.720
<v Speaker 3>be constrained by the law, even including the Supreme Court

0:11:35.720 --> 0:11:36.520
<v Speaker 3>of the United States.

0:11:36.800 --> 0:11:38.680
<v Speaker 2>And in remarks last night from the White House, the

0:11:38.720 --> 0:11:41.400
<v Speaker 2>President said the decision now leaves voters with a choice

0:11:41.400 --> 0:11:45.240
<v Speaker 2>whether former President Donald Trump's actions on January sixth make

0:11:45.320 --> 0:11:48.240
<v Speaker 2>him unfit to return to the White House for more.

0:11:48.280 --> 0:11:51.200
<v Speaker 2>We're joined by Bloomberg's Kevin Whitelaw, who covered Washington for

0:11:51.280 --> 0:11:55.440
<v Speaker 2>more than two decades. Kevin, Good Morning. This decision obviously

0:11:55.559 --> 0:11:58.920
<v Speaker 2>does have far reaching consequences when it comes to the

0:11:58.960 --> 0:12:02.160
<v Speaker 2>power of the president's see but this president really seems

0:12:02.200 --> 0:12:04.440
<v Speaker 2>to be hoping that it reframes the stakes of this

0:12:04.559 --> 0:12:06.120
<v Speaker 2>year's race as well well.

0:12:06.280 --> 0:12:08.360
<v Speaker 10>I think he's sort of making about the only argument

0:12:08.400 --> 0:12:11.400
<v Speaker 10>he can at this point. This really is a blow

0:12:11.480 --> 0:12:15.280
<v Speaker 10>to Democrats hopes that the legal process would continue to

0:12:15.320 --> 0:12:18.480
<v Speaker 10>sort of catch up with with Donald With with Donald Trump,

0:12:18.600 --> 0:12:22.480
<v Speaker 10>the sort of delays the remaining case is likely through,

0:12:22.760 --> 0:12:24.960
<v Speaker 10>you know, past past the election date, and so that

0:12:25.040 --> 0:12:28.439
<v Speaker 10>sort of leaves Biden with only one remaining argument. And

0:12:28.520 --> 0:12:32.280
<v Speaker 10>I do think the sweep of this ruling, even though

0:12:32.320 --> 0:12:36.960
<v Speaker 10>obviously it's essentially kicking the case, the main case against Trump,

0:12:37.040 --> 0:12:41.040
<v Speaker 10>back to the court for some more review, it still

0:12:41.120 --> 0:12:44.040
<v Speaker 10>basically is sweeping enough that it does say the president

0:12:44.080 --> 0:12:47.200
<v Speaker 10>has pretty unlimited authority to do anything that's considered an

0:12:47.200 --> 0:12:49.559
<v Speaker 10>official act. And you know, so I think has a

0:12:49.600 --> 0:12:52.600
<v Speaker 10>lot of people hearkening back to the Nixon Richard Nixon

0:12:52.640 --> 0:12:55.760
<v Speaker 10>remarks years ago about you know, if the president does

0:12:55.800 --> 0:12:58.880
<v Speaker 10>it by definition, it's not a crime. That's pretty close

0:12:58.920 --> 0:13:00.680
<v Speaker 10>to what the Supreme Court just said.

0:13:00.920 --> 0:13:02.680
<v Speaker 2>So then I guess it shouldn't come as too much

0:13:02.679 --> 0:13:05.320
<v Speaker 2>of a surprise that following the High Court's decision, the

0:13:05.360 --> 0:13:07.800
<v Speaker 2>president's legal team went right back up to New York

0:13:07.840 --> 0:13:10.640
<v Speaker 2>and said, we need to toss out the hush money

0:13:10.640 --> 0:13:11.560
<v Speaker 2>convictions as well.

0:13:12.160 --> 0:13:14.120
<v Speaker 10>Yeah, well, I mean it makes sense. They've made the

0:13:14.240 --> 0:13:16.640
<v Speaker 10>argument before, they'll make it again. I think that one's

0:13:16.679 --> 0:13:19.120
<v Speaker 10>a little harder to make because obviously a lot of

0:13:19.160 --> 0:13:22.439
<v Speaker 10>the actions came before the election, but there were some

0:13:22.520 --> 0:13:24.920
<v Speaker 10>of the documents involved in the case, and some of

0:13:24.920 --> 0:13:28.400
<v Speaker 10>the checks were cut after, you know, after he took office,

0:13:28.679 --> 0:13:30.960
<v Speaker 10>So it's gonna be a little hard to call that

0:13:31.040 --> 0:13:35.040
<v Speaker 10>part of the official acts of being president. But that's

0:13:35.040 --> 0:13:36.840
<v Speaker 10>probably not going to That's obviously not going to stop

0:13:36.920 --> 0:13:37.959
<v Speaker 10>him from trying, And.

0:13:38.040 --> 0:13:42.120
<v Speaker 2>Obviously the president is hoping that this decision takes some

0:13:42.160 --> 0:13:45.600
<v Speaker 2>of the focus off his debate performance and the questions

0:13:45.640 --> 0:13:50.560
<v Speaker 2>about his age and mental fitness raised once again following

0:13:50.600 --> 0:13:53.200
<v Speaker 2>that really rough performance for him last week.

0:13:53.400 --> 0:13:55.480
<v Speaker 11>Does that do that well?

0:13:55.800 --> 0:13:58.000
<v Speaker 10>I think it's probably the only play he has, and

0:13:58.040 --> 0:14:01.600
<v Speaker 10>it was probably always his best play, frankly is essentially

0:14:01.679 --> 0:14:04.640
<v Speaker 10>making this into an anti Trump versus Trump kind of

0:14:04.880 --> 0:14:07.960
<v Speaker 10>kind of performance. I do think that, you know, we've

0:14:08.000 --> 0:14:12.160
<v Speaker 10>seen that in twenty twenty the anti Trump vote was

0:14:12.240 --> 0:14:16.240
<v Speaker 10>a very motivated vote and could well be again. And

0:14:16.320 --> 0:14:21.120
<v Speaker 10>certainly this does reframe once again that sort of remark

0:14:21.200 --> 0:14:23.360
<v Speaker 10>that that Trump had made at one point about wanting

0:14:23.400 --> 0:14:26.520
<v Speaker 10>to be a dictator on at least day one. I

0:14:26.600 --> 0:14:29.400
<v Speaker 10>do think that that you put those two things together

0:14:29.480 --> 0:14:32.640
<v Speaker 10>and that this does frame it in pretty sharp relief.

0:14:33.640 --> 0:14:37.480
<v Speaker 10>You know, we still have several months to go in

0:14:37.520 --> 0:14:42.280
<v Speaker 10>the election. Biden could still bounce back from from that performance,

0:14:42.960 --> 0:14:45.280
<v Speaker 10>and this may be about the only path he has

0:14:45.320 --> 0:14:48.200
<v Speaker 10>to try to convince voters to actually turn out and

0:14:48.240 --> 0:14:50.920
<v Speaker 10>cast a vote for him. It's interesting, Kevin, you know,

0:14:51.040 --> 0:14:54.080
<v Speaker 10>following the debate performance, Who've got this reporting from Bloomberg

0:14:54.120 --> 0:14:57.320
<v Speaker 10>News of the Democratic National Committees thinking of nominating President

0:14:57.360 --> 0:15:00.000
<v Speaker 10>Biden early. And at the same time, the Biden campaign

0:15:00.160 --> 0:15:02.960
<v Speaker 10>is saying it just had its best fundraising month yet

0:15:03.040 --> 0:15:05.840
<v Speaker 10>despite the debate performance. I mean, where do things stand

0:15:05.840 --> 0:15:08.600
<v Speaker 10>now with the Biden campaign. Well, look, I mean I

0:15:08.600 --> 0:15:11.480
<v Speaker 10>think that that what the Biden campaign was, I think

0:15:11.840 --> 0:15:15.720
<v Speaker 10>quietly understood that this the question of the president's age

0:15:15.840 --> 0:15:19.280
<v Speaker 10>was always the biggest question, and so a certain amount

0:15:19.360 --> 0:15:21.880
<v Speaker 10>of the unders of the belief about whether or not

0:15:21.960 --> 0:15:25.000
<v Speaker 10>Biden is you know, too old or is still fit

0:15:25.080 --> 0:15:27.400
<v Speaker 10>to be president, a lot of that was baked in,

0:15:27.440 --> 0:15:31.120
<v Speaker 10>and one debate performance may not change that. To me,

0:15:31.200 --> 0:15:33.640
<v Speaker 10>I think it was more a matter of the debate

0:15:33.680 --> 0:15:35.960
<v Speaker 10>had been a chance for Biden and his campaign to

0:15:36.040 --> 0:15:38.760
<v Speaker 10>reshape that narrative to sort of say, no, you know,

0:15:39.120 --> 0:15:42.200
<v Speaker 10>let's move past this. Well, obviously they can't move past that,

0:15:42.280 --> 0:15:44.840
<v Speaker 10>and so that's going to leave them focusing their best

0:15:44.880 --> 0:15:48.240
<v Speaker 10>efforts on trying to frame this as, hey, look, if

0:15:48.280 --> 0:15:51.320
<v Speaker 10>you want if you don't want Trump, there's only one choice,

0:15:51.440 --> 0:15:54.080
<v Speaker 10>and that's Joe Biden. And by making an early nomination

0:15:54.160 --> 0:15:55.960
<v Speaker 10>that would be one way to at least quell some

0:15:56.000 --> 0:15:59.920
<v Speaker 10>of the conversation out there about whether Democrats are, in fact,

0:16:00.920 --> 0:16:04.120
<v Speaker 10>you know, maneuvering or should maneuver to replace him.

0:16:04.160 --> 0:16:07.240
<v Speaker 2>This is Bloomberg Daybreak Today, your morning brief on the

0:16:07.280 --> 0:16:10.680
<v Speaker 2>stories making news from Wall Street to Washington and beyond.

0:16:10.960 --> 0:16:13.720
<v Speaker 1>Look for us on your podcast feed at six am

0:16:13.800 --> 0:16:17.480
<v Speaker 1>Eastern each morning, on Apple, Spotify, and anywhere else you

0:16:17.520 --> 0:16:18.720
<v Speaker 1>get your podcasts.

0:16:18.840 --> 0:16:21.520
<v Speaker 2>You can also listen live each morning starting at five

0:16:21.560 --> 0:16:24.160
<v Speaker 2>am Wall Street Time, on Bloomberg eleven three to zero

0:16:24.200 --> 0:16:27.680
<v Speaker 2>in New York, Bloomberg ninety nine one in Washington, Bloomberg

0:16:27.680 --> 0:16:30.720
<v Speaker 2>one oh six' one in Boston, and Bloomberg ninety sixty

0:16:30.840 --> 0:16:31.800
<v Speaker 2>in San Francisco.

0:16:32.160 --> 0:16:35.320
<v Speaker 1>Our flagship New York station is also available on your

0:16:35.360 --> 0:16:41.080
<v Speaker 1>Amazon Alexa devices. Just say Alexa Play Bloomberg eleven thirty plus.

0:16:40.840 --> 0:16:44.400
<v Speaker 2>Listen coast to coast on the Bloomberg Business app, serriusxmb

0:16:44.600 --> 0:16:48.640
<v Speaker 2>iHeartRadio app, and on Bloomberg dot com. I'm Nathan Hager.

0:16:48.440 --> 0:16:49.560
<v Speaker 7>And I'm Karen Moscow.

0:16:49.800 --> 0:16:52.560
<v Speaker 1>Join us again tomorrow morning for all the news you

0:16:52.680 --> 0:17:08.360
<v Speaker 1>need to start your day right here on Bloomberg Daybreak