WEBVTT - Bloomberg's Niquette on Trump's VP Pick, RNC Preview (Audio)

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<v Speaker 1>Global business news twenty four hours a day at Bloomberg

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<v Speaker 1>This is a Bloomberg Business Flash from Bloomberg World Headquarters.

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<v Speaker 1>I'm Charlie Pellett. More details now about fast moving developments

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<v Speaker 1>out of Turkey. Turkey's Prime minister now says a group

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<v Speaker 1>within Turkey's military has engaged in what appeared to be

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<v Speaker 1>an attempted coup. The prime minister telling NTV television quote,

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<v Speaker 1>it is correct that there was an attempt. He did

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<v Speaker 1>not provide details, but said quote, Turkey would never allow

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<v Speaker 1>any initiative that would interrupt democracy. Earlier, military jets were

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<v Speaker 1>heard flying over the capital of Ankara. Media reports said

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<v Speaker 1>ambulances were seen in front of Turkey's military headquarters. So

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<v Speaker 1>certainly a fluid situation. Stay with Bloomberg for the latest developments.

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<v Speaker 1>A mixed picture this Friday for stocks. Yes, it was

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<v Speaker 1>an up week for the SMP five hundred and next

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<v Speaker 1>today lower little change down two points at set to

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<v Speaker 1>drop there of point one percent down. Industrial is up

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<v Speaker 1>ten to eighteen thousand, five hundred sixteen, an advance there

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<v Speaker 1>of less than point one percent. NAZ backed down by

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<v Speaker 1>point one percent. Gold down fifty cents thirteen thirty one.

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<v Speaker 1>The ounce of dropped there of less than point one percent.

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<v Speaker 1>Crude oil up six tens of one percent forty barrel.

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<v Speaker 1>I'm Charlie Pellett. That's a Bloomberg Business flash. You're listening

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<v Speaker 1>to taking stock with Pim Box and Kathleen Hayes on

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<v Speaker 1>Bloomberg Radio. Governor Mike Pence of Indiana Well. Donald Trump

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<v Speaker 1>acknowledged via Twitter today that Indiana Governor Mike Pence will

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<v Speaker 1>be his running mate for more. I want to bring

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<v Speaker 1>in Mark Niquette. He is national government reporter for Bloomberg

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<v Speaker 1>News and he joins us from Columbus, Ohio. Mark, thanks

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<v Speaker 1>very much for spending time with us, tell us a

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<v Speaker 1>little bit about Governor Pence and give us a preview

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<v Speaker 1>of the Republican National Convention. Sure Pence has been governor

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<v Speaker 1>in Indiana since two thousand thirteen. He's in his first term.

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<v Speaker 1>He actually was up for re election this year and

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<v Speaker 1>had to back out of his re election campaign to

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<v Speaker 1>accept the running mate spot with Mr. Trump. Um He's

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<v Speaker 1>served in Congress for twelve years before that. He's a

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<v Speaker 1>former radio talk show host and very popular with the

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<v Speaker 1>conservatives and evangelicals. Um, it's been sort of his his history,

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<v Speaker 1>and I think one of the reasons that Trump decided

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<v Speaker 1>to name him to the ticket because he does have

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<v Speaker 1>an appeal to that part of the Republican base that

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<v Speaker 1>uh Trump could use, or at least has not as strong.

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<v Speaker 1>And uh it's something we're gonna be watching too for

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<v Speaker 1>the convention in terms of how effective adding Trump to

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<v Speaker 1>the ticket will be helping to unify the party that

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<v Speaker 1>hasn't been all together behind Trump. We saw efforts in

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<v Speaker 1>the committees that were held this week in advance of

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<v Speaker 1>the convention, the Platform Committee and the Rules Committee, UM,

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<v Speaker 1>where there were efforts to try and stop Trump from

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<v Speaker 1>getting the nomination. Those mostly fizzled, and it looks like

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<v Speaker 1>Trump's going to be um okay in terms of getting

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<v Speaker 1>the nomination when the convention actually starts on Monday. But

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<v Speaker 1>adding Trump adding Pence to the ticket, I think it

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<v Speaker 1>is partly an attempt to bring the party more together

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<v Speaker 1>coming out of the convention headed into the general election.

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<v Speaker 1>Is the selection of Mike Pence also a nod to

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<v Speaker 1>the reality of raising money because doesn't Mike Pence have

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<v Speaker 1>ties to the Koch brothers and other influential donors he does.

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<v Speaker 1>In fact, his largest contributor when he was in congress

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<v Speaker 1>first congressional campaigns was the Club for Growth UM and

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<v Speaker 1>this is a group that hasn't been on the same

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<v Speaker 1>page with Trump. And in speaking to some delegates here

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<v Speaker 1>in Cleveland, Uh, before the convention, that's one of the

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<v Speaker 1>things you'll hear that, you know, they hope Pence is

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<v Speaker 1>available to the ability to raise money could actually help

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<v Speaker 1>Trump also get some of these donors who've been on

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<v Speaker 1>the sidelines to contribute to the camp Pain. Yeah, I

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<v Speaker 1>know he's probably calling you right right now, Mark, Uh,

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<v Speaker 1>tell us about the speakers. What's planned. Because Pence had

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<v Speaker 1>endorsed Senator Ted Cruise over Trump before that the indianame

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<v Speaker 1>primary that that Trump went on to to win. What

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<v Speaker 1>is going to be Pence's role in trying to unify

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<v Speaker 1>the party. Well, again, he'll be very much reaching out

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<v Speaker 1>to the conservative wing of the party, evangelical voters, Uh,

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<v Speaker 1>folks who care a lot about social issues. These are folks,

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<v Speaker 1>they're they're not opposed to Trump, but they're somewhat wary

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<v Speaker 1>of of how committed Donald Trump is on issues like

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<v Speaker 1>abortion or some of the social causes. They're they're concerned

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<v Speaker 1>about and and Trump will have Pence excuse me, we'll

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<v Speaker 1>have a speaking role at the convention. UH, typically it's

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<v Speaker 1>on the Wednesday night before the Thursday when Trump will

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<v Speaker 1>actually formally accept the nomination. But you're right, we've also

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<v Speaker 1>seen that, UM, a lot of prominent rep Pulicans have

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<v Speaker 1>declined to accept speaking roles or even attend the convention altogether.

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<v Speaker 1>The two former president Bushes have have decided not to

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<v Speaker 1>come here. UM. Ohio Governor John Kasik necessari of convention

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<v Speaker 1>in his home state. UM. He has not endorsed Donald

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<v Speaker 1>Trump and has decided that he's not going to speak

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<v Speaker 1>at the convention either. In fact, he said he might

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<v Speaker 1>not even go in inside. So part of the speaking

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<v Speaker 1>line up would be a little different than what we've

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<v Speaker 1>seen in past conventions with sort of the predictable lineup

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<v Speaker 1>of Republican notables. But he'll still have plenty of UM

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<v Speaker 1>prominent Republicans speaking. Paul Ryan, how speaker is going to talk,

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<v Speaker 1>Scott Ron Scott Walker, the Wisconsin governor who also ran

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<v Speaker 1>for president, will we'll be speaking one night. And Ted

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<v Speaker 1>Cruz has also said he's going to speak. Also scheduled

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<v Speaker 1>to speak I believe is Peter Thiel, the billionaire Silicon

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<v Speaker 1>Valley entrepreneur. Yeah, and we'll be interested to see how

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<v Speaker 1>what he says. And the other thing we're kind of

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<v Speaker 1>watching for and this this convention is Donald Trump sort

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<v Speaker 1>of promised a show or at least to have more

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<v Speaker 1>entertainment feel to the convention. Um. You know, obviously Donald

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<v Speaker 1>Trump has the background with the Apprentice and reality TV,

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<v Speaker 1>and I think, you know, the expectation is you'll put

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<v Speaker 1>his own touch on you know what can be sort

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<v Speaker 1>of a you know, certainly traditional but state kind of

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<v Speaker 1>uh experience and and and maybe they'll jazz it up

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<v Speaker 1>a bit, uh to have a little more entertainment value.

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<v Speaker 1>And they're going to be several nights obviously, and the

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<v Speaker 1>second night apparently is the supposed to emphasize the economy, right,

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<v Speaker 1>and and that's common there's there's usually a theme to

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<v Speaker 1>each night of the convention, and all the speakers who

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<v Speaker 1>get up sort of reinforced the theme that the party

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<v Speaker 1>is trying to um emphasize. And you know, of course

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<v Speaker 1>you will hear a lot of uh talk about Hillary

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<v Speaker 1>Clinton and and how batchy is for the economy. And

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<v Speaker 1>that night and you know how much better Trump would

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<v Speaker 1>be for for the country. Um, you know, sort of

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<v Speaker 1>the role of the convention to it's sort of the

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<v Speaker 1>you know, launching point for the candidate heading into the

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<v Speaker 1>general election. Thank you very much for spending time with us.

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<v Speaker 1>Mark Niquette is a national government reporter for Bloomberg News,

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<v Speaker 1>joining us from Columbus, Ohio. Of course, Cleveland is the

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<v Speaker 1>site of the Republican National Convention. Just to bring you

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<v Speaker 1>up to date on developments and Turkey. Elements of the

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<v Speaker 1>of Turkey's army have attempted to seize power in the country.

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<v Speaker 1>This according to the Prime Minister Binali il dirum Uh,

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<v Speaker 1>the effort won't be permitted to succeed, he told NTV television,

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<v Speaker 1>and his comments came as local media reported gunfire and

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<v Speaker 1>Ankara and warplanes circling over the Turkish capital. This is

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<v Speaker 1>taking stock. I'm pim Fox and this is Bloomberg coming

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<v Speaker 1>up Bloomberg Law, discussing Microsoft's victory over the US government

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<v Speaker 1>after an appeals court rule that Microsoft won't have to

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<v Speaker 1>turn over a series of emails connected to an investigation

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<v Speaker 1>into a suspected drug trafficker.