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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. Good morning, I'm Nathan

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Speaker 1: Hager and I'm Karen Moscow. Here are the stories we're

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Speaker 1: following today.

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Speaker 2: Karen, we begin with the first debate of twenty twenty

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Speaker 2: four for President Biden and former President Trump. The CNN

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Speaker 2: presidential debate was a tough night for the president. He

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Speaker 2: fumbled with lines, struggled with a cough, and tripped over

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Speaker 2: key numbers like this moment on his economic record.

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Speaker 3: Economy collapsed, there were no jobs, Unemployment ray rose to

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Speaker 3: fifteen percent.

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Speaker 4: It was terrible.

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Speaker 3: And so what we had to do is try to

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Speaker 3: put things back together again. And that's exactly what we

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Speaker 3: began to do. We created fifteen thousand new jobs.

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Speaker 2: The president meant to say fifteen million jobs. Former President

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Speaker 2: Trump was quick to pounce on the economy.

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Speaker 5: We had given them back a country where the stock

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Speaker 5: market actually was higher than pre COVID, and nobody thought

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Speaker 5: that was even possible. The only jobs he created editor

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Speaker 5: for illegal immigrants and.

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Speaker 6: Bounce back jobs.

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Speaker 5: It bounce back from the COVID.

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Speaker 2: But Trump may have had his own missteps. The former

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Speaker 2: president was asked whether he would accept the results of

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Speaker 2: this election and denounce political violence.

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Speaker 5: If it's a fair and legal and good election, absolutely

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Speaker 5: I would have much rather accepted these But the fraud

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Speaker 5: and everything else was ridiculous.

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Speaker 2: But President Biden's halting performance is getting a lot of

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Speaker 2: attention this morning. Sources tell Bloomberg News the president was

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Speaker 2: fighting a cold last night.

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Speaker 1: Well Nathan reaction is pouring into the debate. A CNN

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Speaker 1: flash poll showed as sixty seven percent of a watchers

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Speaker 1: thought Trump won. Bloomberg Politics contributor Rick Davis thinks it

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Speaker 1: was a bad showing by the president.

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Speaker 7: The performance by Joe Biden has to creat questions in

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Speaker 7: the Democratic Party's minds is whether or not they have

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Speaker 7: someone who's up to the election. They've got five months ago,

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Speaker 7: and this was not a man who I would say

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Speaker 7: you'd ever want to put on a debate stage again.

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Speaker 1: Bloomberg Politics contributor Chris and Hahn said the Biden campaign

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Speaker 1: will have to immediately strategize.

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Speaker 8: They're going to have to come up with how they're

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Speaker 8: going to talk about it immediately, and I think that

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Speaker 8: the campaign's ready to do that. And I think if

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Speaker 8: you're going to look at the president is right on

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Speaker 8: the issues. He was up against a liar. The performance

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Speaker 8: wasn't what it needed to be. The campaign is going

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Speaker 8: to have to be in full mode, you know, like

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Speaker 8: out there talking to people about like what makes this

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Speaker 8: president different, why these issues are so important to the

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Speaker 8: American people.

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Speaker 1: Both Kristin Hahn, a partner at Rock Solutions, and Rick

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Speaker 1: Davis of stone Court Capital are Bloomberg political contributors, and

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Speaker 1: Karen we.

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Speaker 2: Did see some immediate market reaction following the debate. We

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Speaker 2: get the latest on that from Bloomberg's John Tucker.

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Speaker 9: John and Nathi dollar Ange hire As traders concluded that

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Speaker 9: former President Trump was the victor in the debate. Bloomberg's

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Speaker 9: gauge of the US currency climbing as much as two

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Speaker 9: tenths of a percent before they move fell back. Peter Oppenheimer,

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Speaker 9: the chief global equity strategist of Goldman Sachsi's the market

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Speaker 9: narrative shifting.

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Speaker 10: The focus is very much now on politics, and I

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Speaker 10: think we're starting to see that in slightly high volatility.

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Speaker 9: Trump, who once proclaimed himself tariff man, has proposed universal

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Speaker 9: baseline terence on most foreign products, including higher levees on

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Speaker 9: certain countries that devalue their currency. On another front, shares

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Speaker 9: of Trump media, significant source of the former president's wealth.

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Speaker 9: In pre market trading are up seven and a half percent.

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Speaker 9: I'm John Tucker, Bloomberg Radio.

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Speaker 1: Right, John, thank you well. The real possible market moving

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Speaker 1: event comes later this morning. It involves a key inflation

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Speaker 1: report that the Fed closely follows. We get a preview

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Speaker 1: from Bloomberg's Michael McKee.

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Speaker 6: It's the number everyone is waiting for but likely already knows.

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Speaker 6: PCE inflation is the measure that Fed uses for its

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Speaker 6: two percent target. It uses inputs from the consumer and

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Speaker 6: producer price indexes. After both a released, economists can plug

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Speaker 6: those numbers into their PCE calculations and pretty much nail

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Speaker 6: where PCE will come out. The consensus is you'll see

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Speaker 6: more good news on inflation with headline PCE flat and

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Speaker 6: core up just a little. That will push down both

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Speaker 6: the headline and core year over year figures and add

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Speaker 6: momentum to the view the Central Bank will be able

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Speaker 6: to lower interest rates later this year. Michael McKee, Bloomberg Radio.

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Speaker 2: All right, Mike, thanks and company news. Shares of nikeer

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Speaker 2: swooshing lower this morning, down more than fourteen percent. The

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Speaker 2: company reported quarterly sales that fell short of expectations. More

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Speaker 2: from Bloomberg's Charlie Pellett.

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Speaker 4: It adds urgency to the world's largest sportswear company's efforts

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Speaker 4: to strengthen its ties with its retail partners and speed

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Speaker 4: up its product development. Revenue fell one point seven percent

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Speaker 4: to twelve point six billion dollars for the fiscal fourth quarter,

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Speaker 4: missing the average of analyst estimates. Greater China revenue for

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Speaker 4: the quarter was one point eight six billion dollars, beating

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Speaker 4: the average analyst estimate, while earnings per share also surpassed expectations.

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Speaker 4: The results show that the weakness that Nike has reported

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Speaker 4: in recent quarters is persisting in New York. Charlie Pellett

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Speaker 4: Bloomberg Radio.

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Speaker 1: All right, Charlie, thank you. Weby now turned to the

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Speaker 1: latest in the Middle East. Record numbers of Hezbela projectiles

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Speaker 1: have hit Israel this month. Meanwhile, Israel's military is carrying

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Speaker 1: out deeper attacks in Lebanon. This is all raising concerns

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Speaker 1: that Middle East may be heading toward a major regional war.

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Speaker 1: Bloomberg Israel Bureau chief Ethan Brauner has more from Tel Aviv.

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Speaker 11: In theory, all sides are opposed that as Israel says

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Speaker 11: it doesn't want a war if it can find a

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Speaker 11: diplomatic solution. His blissays, We're not interested in having a war,

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Speaker 11: but we're ready for one. But the level of combative

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Speaker 11: rhetoric and of sort of escalation in the name of

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Speaker 11: de escalation is really very alarming, and I think that

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Speaker 11: there is a genuine risk which would of course do

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Speaker 11: terrible things to both countries as well as to oil prices.

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Speaker 11: And then there's of course a massive risk of Iran

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Speaker 11: coming and end of the US.

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Speaker 1: Bloomberg Israel buer Ro chief Evan Bronner says both senior

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Speaker 1: US and French and diplomats have visited Jerusalem and Beirut

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Speaker 1: as part of an intense push to stay of off

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Speaker 1: escalation in the region and as time now for a

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Speaker 1: look at some of the other stories making news in

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Speaker 1: New York and around the world. For that were joined

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Speaker 1: by Bloomberg's Michael Barr Michael, good Morning.

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Speaker 10: Good morning. Karen, the former Uvaldi School District police chief

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Speaker 10: in Texas, has been indicted over the failed response to

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Speaker 10: the rob Elementary school shooting that left nineteen students and

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Speaker 10: two teachers dead in May of twenty twenty two. Pete

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Speaker 10: Aredondo was booked on ten felony accounts of child endangerment

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Speaker 10: and abandonment. Arenando was briefly booked into the county jail

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Speaker 10: before being released on a ten thousand dollars bond. A

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Speaker 10: second officer, Adrian Gonzalez, was also indicted on similar charges.

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Speaker 10: The families of those killed gathered outside the county jail,

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Speaker 10: calling for more indictments against law enforcement. Brett Cross lost

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Speaker 10: his ten year old son.

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Speaker 7: There were children in there and they did nothing, and

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Speaker 7: that is neglect, and that is negligence and they need

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Speaker 7: to be charged for that as well.

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Speaker 10: 'voldy Officials are expected to unseal the indictments later this morning.

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Speaker 10: The NYPD is looking for an escaped prisoner. A man

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Speaker 10: hunt is underway for thirty five year old James Massetti.

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Speaker 10: Authorities say he allegedly escaped from a Manhattan hospital Wednesday night.

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Speaker 10: Bassetti was brought to New York City Health and Hospital's

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Speaker 10: Bellevue on June fifth for a medical issue. Police say

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Speaker 10: he was being prepared to be transported back to Rikers

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Speaker 10: Island when he escaped from authorities. He is described as

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Speaker 10: being five feet six inches tall weighs about one hundred

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Speaker 10: and eighty pounds and wears glasses. Anyone with information is

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Speaker 10: asked to call police. The Biden administration is weighing in

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Speaker 10: on the Supreme Court Idaho abortion ruling on access to

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Speaker 10: emergency medical care. White House Press Secretary Karine Jean Pierre

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Speaker 10: speaking to reporters of Board Air Force one.

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Speaker 12: No woman should be denyed care, or wait until she's

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Speaker 12: near death, or forced to flee her home state just

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Speaker 12: to receive the healthcare she needs. Yet, this is exactly

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Speaker 12: what is happening in states across the country since the

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Speaker 12: Supreme Court overturned Roe v.

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Speaker 13: Waite.

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Speaker 10: More decisions are expected from the Supreme Court today. Iranians

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Speaker 10: have started voting in a presidential election to replace late

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Speaker 10: President Ibrahim Rayisi. Today's voting follows the May helicopter crash

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Speaker 10: that killed Rayisi, the Foreign Minister, and several other officials.

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Speaker 10: Global News twenty four hours a day and whenever you

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Speaker 10: want it with the Bloomberg News Now. I'm Michael Barr,

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Speaker 10: and this is Bloomberg.

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Speaker 1: Carry all right, Michael Barr, thank you time now for

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Speaker 1: the Bloomberg Sports Update with John stash Hour.

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Speaker 14: John, good morning, Good morning, Carrying the Yankees. We're cruising

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Speaker 14: through the first half of the season. They started off

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Speaker 14: ten and two. They hadn't eleven and two stretch in May.

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Speaker 14: They won twelve to fourteen in June, but since the

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Speaker 14: fifteenth of the month they are just two and nine.

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Speaker 14: And in Toronto they fell way behind right away one.

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Speaker 15: Two swinging a drive deep left field. That one's way

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Speaker 15: back and that ball is gone. A second deck shot

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Speaker 15: for George Springer and the Blue Jays are up five

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Speaker 15: nothing before and out Spin recorded.

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Speaker 14: Which that five ninety to call. An inning later, Springer

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Speaker 14: with another three run shot, both off Carlos Rodan. The

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Speaker 14: Blue Jays led eight to nothing in the second inning

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Speaker 14: went on to win nine to two. Rodann, who struggled

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Speaker 14: last season, had won seven starts in a row. Now

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Speaker 14: he's lost his last three, allowing twenty earn runs in

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Speaker 14: those three games. The Orioles beat Texas eleven to two.

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Speaker 14: Baltimore now tied for first with the Yanks, Mets, and Astros. Tonight'

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Speaker 14: City Field, the Mets were eleven games under five hundred,

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Speaker 14: Houston was once twelve under, and now the Mets are

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Speaker 14: thirty nine and thirt nine, and the Astros are forty

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Speaker 14: and forty round two of the NBA draft that drama

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Speaker 14: game with pick number fifty five overall, and sure enough,

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Speaker 14: the Lakers took Ronnie James, so he and his father

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Speaker 14: Lebron can make NBA history first father and son teammates.

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Speaker 14: The Nixon round two took Marquette point guard Tyler Kolak.

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Speaker 14: He was once Biggiest Player of the Year. Colorado's Nathan

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Speaker 14: McKinnon won the Heart Trophy is NHL MVP. The NFL

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Speaker 14: Delta defeat in an LA courtroom ordered to pay four

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Speaker 14: point seven billion dollars in a class action lawsuit brought

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Speaker 14: by two and a half million plaintiffs who argued the

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Speaker 14: NFL over a twenty eight year period inflated the price

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Speaker 14: for the Sunday ticket package that allowed fans to watch

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Speaker 14: all the games of the NFL says it will appeal.

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Speaker 14: John Stashedward Bloomberg Sports Ken Nathan.

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Speaker 16: Coast to Coast on Bloomberg Radio, nationwide on Sirius XM,

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Speaker 16: and around the world on Bloomberg dot Com and the

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Speaker 16: Bloomberg Business app. This is Bloomberg Daybreak. Good morning, I'm

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Speaker 16: Nathan Hager. It is the morning after the first debate

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Speaker 16: rematch between President Biden and former President Donald Trump. This

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Speaker 16: first encounter came a lot earlier in.

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Speaker 2: The political cycle than debates like this have come in

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Speaker 2: the past. The President may have been hoping to give

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Speaker 2: a kickstart to his struggling re election campaign, but a

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Speaker 2: faltering performance last night maybe raising new questions for Democrats

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Speaker 2: about where this race goes from here. Joining us now

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Speaker 2: for some morning after analysis are Greg Valier, chief US

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Speaker 2: policy strategist at AGF Investments, and Terry Haynes, the founder

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Speaker 2: of Pangaea Policy. Terry, good morning, It's good to speak

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Speaker 2: with you. Your reaction to what we heard last night

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Speaker 2: on the CNN presidential debate stage.

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Speaker 17: Nathan, good morning. A few things first, I think the

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Speaker 17: reaction certainly is going to be kind of a market's

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Speaker 17: negative and a geopolitical negative. We say three things though.

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Speaker 17: First is Biden certainly had a bad night. I think

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Speaker 17: it's negative for him, but I think it's irretrievable and

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Speaker 17: you can forget him being replaced by Democrats. I mean,

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Speaker 17: I think that's not going to happen based on what

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Speaker 17: we know today at all. Secondly, I think we need

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Speaker 17: to think about Trump a little bit more too. Trump

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Speaker 17: didn't break out here. Trump's the major problems are that

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Speaker 17: he's dealing with a split Republican Party, He's dealing with

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Speaker 17: independents who do not prefer him. He didn't make any

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Speaker 17: moves last night to change that out. If Biden had

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Speaker 17: the performance that he had had against any Republican nominee

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Speaker 17: other than Trump, you'd see a lot of people flocking

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Speaker 17: towards the Republican nominee. Because it's Trump. That's not going

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Speaker 17: to happen. Finally, I think in short attention span theater

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Speaker 17: that we have here today, you know, we have the

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Speaker 17: kerfuffle of the moment, but that's going to quickly move

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Speaker 17: to the Supreme Court decision on Trump community Trump's sentencing

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Speaker 17: on July eleventh, the conventions, the vice presidential pick. This

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Speaker 17: is all going to get swirled around a lot more,

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Speaker 17: and Biden will have plenty of opportunities to write the ship.

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Speaker 2: Want to bring you into this conversation, Greg Valu here,

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Speaker 2: because you have a note out this morning with the

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Speaker 2: headline that's quite a bit different from the analysis we

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Speaker 2: just heard from Terry. Democrats in full panic mode. Tell

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Speaker 2: me more.

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Speaker 13: Oh yeah, I mean, I think we can't look at

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Speaker 13: just a few trees. We've got to look at the forest,

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Speaker 13: and the forest is irrefutable. He was horrible. It was

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Speaker 13: a disaster. I think in the next few days we're

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Speaker 13: going to have to have an adult conversation about dementia

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Speaker 13: and Alzheimer's. I mean, this is an absolute nightmare for

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Speaker 13: the Democrats, and I would state, maybe fearlessly, that he

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Speaker 13: will not be on the ticket within a week or two.

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Speaker 2: Obviously a very different analysis, Terry, Does it go too

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Speaker 2: far to talk about this idea of demain Alzheimer's. I mean,

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Speaker 2: there have been questions about President Biden's age and acuity before.

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Speaker 2: With the stumbles that we saw last night, is that

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Speaker 2: a conversation that needs to be had.

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Speaker 17: Sure, you know, the Democrats have Democrats and been parts

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Speaker 17: of the media, not this not this network, but Democrats

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Speaker 17: and parts of the media have been spent busily six

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Speaker 17: months to a year denying that not only the conversation

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Speaker 17: needed to happen, but that that conversation needed to happen

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Speaker 17: about Biden. And so now they're in full catch up mode, sadly,

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Speaker 17: and you know, absolutely the conversation is going to be had.

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Speaker 17: I don't say anything that I say lightly I do

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Speaker 17: say that the Democrats are going to fold in around

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Speaker 17: him much more than much more than that. There's a

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Speaker 17: I think a disparity between you know, the inside the

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Speaker 17: Belwagh types and what's going to go on in the

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Speaker 17: broader country over the or over the next week. The

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Speaker 17: country has been much more skeptical of this than than

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Speaker 17: Washington has. So Washington's having a catch up moment too.

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Speaker 2: I want to get your reaction as well to you know,

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Speaker 2: some of the attack points that President Biden tried to

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Speaker 2: put out last night. He did go after the former

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Speaker 2: president toward the middle of the debate on his legal issues.

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Speaker 2: Let's hear a bit of what the President had to say.

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Speaker 3: Crime. So you are charged with and think of all

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Speaker 3: the civil pedalies you have. How many billions of dollars

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Speaker 3: do you own civil penalties for a molesting a woman

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Speaker 3: of public, for doing a whole range of things, of

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Speaker 3: having sex from a porn star on the night while

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Speaker 3: your wife was pregnant. I mean, what are you talking about, Well,

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Speaker 3: you have the morals of an alley cat.

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Speaker 2: Greg That gets to the point that Terry made about

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Speaker 2: if this were any other Republican that the president would

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Speaker 2: be going after he would have had a better night.

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Speaker 2: I mean, what's your reaction to that the former president

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Speaker 2: may have some foible, some issues of his own.

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Speaker 13: I think Terry's right, and I think that it was

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Speaker 13: not a good night for Trump. He's very vulnerable. It

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Speaker 13: became quite clear that he's vulnerable. However, I think that

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Speaker 13: again the big story is the performance by Biden, which

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Speaker 13: I think for a lot of people was shocking. And

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Speaker 13: I do think over the weekend you're going to have meetings,

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Speaker 13: maybe all in private, but you're going to have meetings

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Speaker 13: among Democrats saying can we keep him as our candidate?

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Speaker 13: And I think there are a lot of governors, not

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Speaker 13: Gavin Newsom, who's in the middle of a self inflicted

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Speaker 13: budget debacle in California, but I think there are a

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Speaker 13: lot of governors, maybe starting with Gretchen Whittmer in Michigan,

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Speaker 13: who you will hear a lot about over the next

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Speaker 13: few days.

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Speaker 2: But to Terry's point about whether this could just be

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Speaker 2: a blip, that there will be other factors to get

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Speaker 2: to gain a lot of the public's attention, whether it's

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Speaker 2: the Supreme Court decisions or the conventions. Is this debate

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Speaker 2: performance of blip or can it have more resonance into November.

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Speaker 13: I think it's the latter. I think that it's highly

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Speaker 13: unlikely that people will look at him the same after

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Speaker 13: last night.

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Speaker 17: Terry Well, I think some of my least favorite phrases

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Speaker 17: or things like It remains to be seen. But you know,

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Speaker 17: the voters have been way ahead on this.

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Speaker 8: And.

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Speaker 17: At the same time, you know, Biden's still neck and

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Speaker 17: neck with Trump. So the question is, you know, whether

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Speaker 17: whether the surprise that's exhibited in the Washington and media

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Speaker 17: centers gets played out in the public. The other thing

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Speaker 17: I would say is, you know, Larry savagaou at an

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Speaker 17: interesting point this week that people who somewhat approve of

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Speaker 17: Biden's performance in office are somewhat disapproved are way way ahead,

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Speaker 17: twenty nine points ahead if you sort of approve of

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Speaker 17: his job, seventy seven percent if you don't. So there's

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Speaker 17: a you know, when you've got a head on head,

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Speaker 17: it's a lot of reluctant desire to pull the lever

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Speaker 17: in Biden's favor. That's going to get cut back a bit, certainly,

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Speaker 17: But I don't think it dissipates overnight, and I don't

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Speaker 17: know where those voters go Frankly, they almost certainly don't

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Speaker 17: go to Trump, and they're not going to go to

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Speaker 17: a third party like Bob Kennedy.

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Speaker 2: But just quickly, Terry, what about this idea that there

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Speaker 2: could be other Democrats waiting in the wings after a

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Speaker 2: performance like we saw from President Biden last night? Is

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Speaker 2: that something that should be seriously considered that the president

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Speaker 2: could be replaced on the ticket based on one debate performance.

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Speaker 17: Well, I'd watch. I think Greg makes a legitimate point.

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Speaker 17: I'd watch, I'd watch the body language of Democrats over

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Speaker 17: the next several days to ten to several days to

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Speaker 17: ten days. Frankly, Remember we're going United States is going

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Speaker 17: into it basically a week long holiday, so they're going

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Speaker 17: to have some time to be out there. But you know,

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Speaker 17: this has always been kind of like a second rate

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Speaker 17: to Shakespearean play. You know, Newsom's been lurking in the

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Speaker 17: wings for a while, Whitber pops up and moves back.

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Speaker 17: There have been other players, so it's gonna get considered.

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Speaker 17: My only point is I think the Biden people hold

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Speaker 17: very very tightly to the reins and don't let them go,

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Speaker 17: and you know they're failsafe is that they're going to

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Speaker 17: get nominated. Biden nominated a virtual convention, not a real one,

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Speaker 17: So they've got the mechanisms actually to cut things off

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Speaker 17: at the past.

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Speaker 2: We wouldn't that be something a repeat of twenty twenty

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Speaker 2: all over again, to have something like a virtual convention.

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Speaker 2: But Greg, I mean, how do Democrats sort of circle

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Speaker 2: the wagons around President Biden? What does that look like?

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Speaker 2: Do you think if we do see a scenario where

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Speaker 2: the president, you know, tries to fight past this, well.

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Speaker 13: They're going to say he had a bad cold, that

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Speaker 13: that was responsible for his weak voice. They're going to

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Speaker 13: say that there is still compelling reasons to oppose Donald Trump.

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Speaker 13: We heard some of them last night. So there's a window.

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Speaker 13: But to me, it's not a really strong window for

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Speaker 13: them to be able to claim any momentum. In fact,

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Speaker 13: I would argue that in the last forty eight hours,

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Speaker 13: even before the debate, there was some slippage in Biden's numbers,

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Speaker 13: especially in big electoral college states. I think it makes

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Speaker 13: this debate, makes it even tougher in Pennsylvania, Wisconsin, Michigan

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Speaker 13: states like that. They already weren't looking good and they're

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Speaker 13: going to look a lot worse in the next week.

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Speaker 2: Or two estates that we certainly watched very closely, and

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Speaker 2: just adding to the snappole that we saw last night

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Speaker 2: from CNN itself that about two and three viewers of

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Speaker 2: last night's debate thought that the former president came out victorious.

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Speaker 2: Thanks to both of you for this morning after analysis,

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Speaker 2: Greg Valier and chief US Policy Strategistic AGF Investments, as

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Speaker 2: well as Terry Haynes, the founder of Pangaea Policy. And

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Speaker 2: we want to turn now to our correspondent who was

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Speaker 2: in Atlanta covering the debate for US and getting some

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Speaker 2: of the reaction on the ground as well. David Goura

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Speaker 2: is with us this morning from Atlanta, of course, the

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Speaker 2: host of the Big Take podcast from Bloomberg News. David,

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Speaker 2: I mean, you hear the narrative this morning about how

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Speaker 2: tough a night it was for President Biden, that former

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Speaker 2: President Trump seemed strong. What's some of what you're hearing

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Speaker 2: in the spin room and the post debate.

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Speaker 18: Yes, that's exactly what I'm hearing and exactly what I

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Speaker 18: saw when I was watching that debate unfold from the

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Speaker 18: spin room in the media area at the debate last night.

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Speaker 18: I mean, there was a kind of remarkable moment when

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Speaker 18: that debate ended, and you know, President Biden was dealt

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Speaker 18: a very low bar that he had to clear. He

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Speaker 18: didn't clear it. He didn't have to have a good night.

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Speaker 18: He had have a decent night. I don't think that.

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Speaker 18: I don't think that he did. The debate ended, it

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Speaker 18: got very quiet, and then all the reporters migrated down

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Speaker 18: to the floor of the basketball arena and Georgia Tech

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Speaker 18: where we were watching this unfold, and then surrogates began

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Speaker 18: to kind of march out for Donald Trump and really

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Speaker 18: filled the floor. And it took Nathan probably ten or

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Speaker 18: fifteen minutes before any Democratic surrogate showed up, before we

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Speaker 18: saw Gavin Newsom and Raphael Warnick on the floor of

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Speaker 18: that arena to field questions and spend as best they

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Speaker 18: could that debate performance. So I think that the vacuum

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Speaker 18: that opened up was real Democrats and supportive of Joe

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Speaker 18: Biden trying to figure out what the message is going

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Speaker 18: forward here. But I think that there was near unanimity

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Speaker 18: among those who watched it there in the arena that

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Speaker 18: this was not the night that that Joe Biden needed.

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Speaker 18: In what Joe Biden forecasted, he would have.

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Speaker 2: Yeah, interesting to hear a Republican sort of coming out

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Speaker 2: in force for the former president when we hear Terry

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Speaker 2: Haynes saying that he still sees a split in the

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Speaker 2: Republican Party. Does that reaction that you saw last night

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Speaker 2: sort of put the light of that or is this

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Speaker 2: a non Trump wing of the Republican Party just even

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Speaker 2: further in the wings now?

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Speaker 17: You know?

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Speaker 18: Right before the debate, I talked to Governor Brian Kemp

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Speaker 18: of Georgia. He was walking the floor and we caught

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Speaker 18: up a little bit and I asked him about how

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Speaker 18: he thinks the party is going to coalesce around Donald Trump.

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Speaker 18: And of course, Brian Kemp, we learned this week, did

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Speaker 18: not vote for Donald Trump in the primary this year,

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Speaker 18: and he said he's very confident it's going to happen.

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Speaker 18: And I think that last night's debate performance is going

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Speaker 18: to do well by the former president. I mean, I

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Speaker 18: think that the again, the vision was so stark as

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Speaker 18: those surrogates came down, and I think that it was

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Speaker 18: very very clear that folks were falling in line and

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Speaker 18: very very eager to rally around him. I think that

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Speaker 18: the way that he performed last night certainly is going

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Speaker 18: to set that back.

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Speaker 2: So when it comes to the Democrats, what's the discussion

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Speaker 2: that you're anticipating that the Democratic Party is having this

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Speaker 2: morning after the current president's performance.

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Speaker 18: Picking up on what Greg and Terry said, I think

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Speaker 18: that there will be some talk about this cold and

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Speaker 18: what made it difficult for him to speak in kind

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Speaker 18: of a forceful manner during the course of that debate.

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Speaker 18: I imagine the next step of that is how good

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Speaker 18: an excuse is that going to be? And you know,

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Speaker 18: I've heard some people speculating about him maybe recusing himself

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Speaker 18: or whatever may happen. I don't know how that happens procedurally,

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Speaker 18: and I think that's kind of a novel and maybe

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Speaker 18: scary conversation for Democrats to have here in the next

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Speaker 18: few days. But I do think that last night's performance

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Speaker 18: made them reckon with the fact that this is not

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Speaker 18: as sure a thing as they thought that it was

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Speaker 18: going to be. And I think that again, it's it's

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Speaker 18: novel territory. It's it's something that they're going to have

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Speaker 18: to sort of feel their way through here in the

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Speaker 18: next few days.

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Speaker 2: And in our last minute, David does this sort of

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Speaker 2: overshadow some of the policy discussion that we heard a

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Speaker 2: lot of the you know, the usual sort of exaggerations

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Speaker 2: and misstatements that we heard from the former president.

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Speaker 18: I think absolutely, and I was struggled, I'm sure you

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Speaker 18: were by the way in which he kind of reframed

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Speaker 18: or recharacterized what happened on January sixth, how he reframed

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Speaker 18: or recharacterized what happened with the economy. I think that

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Speaker 18: what he said to Joe Biden was look at the economy.

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Speaker 18: I left you, you know, all of that untrue sort

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Speaker 18: of credit his tax cuts for the strength of the economy.

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Speaker 18: I think that that was able to sort of fade

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Speaker 18: into the background because he seemed to have such command

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Speaker 18: of the forum. I mean, we spoke yesterday just about

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Speaker 18: might this be a challenging format for the former president

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Speaker 18: because there's no audience. I'd say, of the two Donald Trump,

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Speaker 18: evinced a real skill with feeling the two minutes that

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Speaker 18: he was allotted and looking in command at the time,

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Speaker 18: and that I think was unexpected and indeed surprising to

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Speaker 18: a lot of people watching the debate.

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Speaker 19: Nathan, this is Bloomberg day Break today, your morning brief

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Speaker 19: on the stories making news from Wall Street to Washington

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00:25:30,040 --> 00:25:32,800
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