Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: Good morning, I'm Nathan Hager and and I'm John Tucker.
Speaker 2: Here are these stories we're following today.
Speaker 3: John, Let's begin with the presidential race and a remarkable
Speaker 3: week for Vice President Kamala Harris. Since she announced her
Speaker 3: presidential campaign last Sunday, Harris has raised two hundred million
Speaker 3: dollars and her favorability rating has jumped from thirty five
Speaker 3: percent to forty three percent in an ABC News poll.
Speaker 3: Democratic Governor JB. Pritzker of Illinois says it's a whole
Speaker 3: new campaign.
Speaker 4: The electorate is energized. Democrats are ready to go. You've
Speaker 4: seen hundreds of thousands of people signing up to volunteer.
Speaker 4: Plus our candidate is the energizer bunny. She's been everywhere
Speaker 4: all the time over the last several days, and we're
Speaker 4: excited about that.
Speaker 3: But Republican Governor Chris Snunu of New Hampshire says this
Speaker 3: is just a honeymoon period for Harris. The first poll
Speaker 3: I believe that we'll actually matter if I may is
Speaker 3: the Wednesday after Labor Day, right, so you're going to have.
Speaker 1: This thirty day honeymoon period. Things will settle folks.
Speaker 5: Will get back, talk to their family and friends, come
Speaker 5: off with summer vacation, put their kids in school, all
Speaker 5: that sort of stuff, and then they'll start really thinking
Speaker 5: about what this race really means.
Speaker 3: Both Governors christ and Younu and JB. Pritzker were guests
Speaker 3: on ABC's This Week Heard Every Sunday on Bloomberg Radio.
Speaker 2: And we now turn into a controversial election in Venezuela,
Speaker 2: the country's political opposition rejecting the electoral authorities ruling that
Speaker 2: Nicholas Madora was re elected as the president on Sunday,
Speaker 2: the US and some Latin American neighbors also raising concerns
Speaker 2: about the official result. Bloomberg News Latin American executive editor
Speaker 2: Creton Harrison's as confirmation of the vote tally is now key.
Speaker 6: The latest report we got from the opposition and was
Speaker 6: that they'd gotten about thirty percent of the tabulated votes.
Speaker 6: They're supposed to have access to verified account. Whether the
Speaker 6: international community can do any better has yet to be seen.
Speaker 6: There are some election observers, some of the ones that
Speaker 6: we all know, like the Carter Center, are here in Venezuela.
Speaker 6: We'll hear from the Carter Center. Supposedly on Tuesday with
Speaker 6: their report on this election, so we may get some
Speaker 6: interesting details there. But yes, the US isn't knowing when
Speaker 6: the President of Chile had just came out and said
Speaker 6: that he will not recognize the results until he sees
Speaker 6: some verifiable results.
Speaker 2: News Latin American executive editor Creighton Harrison reports the Electoral
Speaker 2: Center declared Maduro the winner with fifty one point two
Speaker 2: percent of the vote, compared with forty four point two
Speaker 2: percent for rival at Bundo Gonzalez, but a name zipool
Speaker 2: conducted by the US firm Edison Research at Gonzalez winning
Speaker 2: by more than thirty percentage points. That's adding to suspicions
Speaker 2: that Manduro's administration tampered with the Tally.
Speaker 3: And John Tensions are escalating in the Middle East as well. Overnight,
Speaker 3: Israel attack Hesbolat targets, and it's threatening further retaliation for
Speaker 3: a rocket strike that killed twelve children and teenagers in
Speaker 3: the Goal On Heights. Israeli Prime Minister Benjamin Nintanya, who's
Speaker 3: just back from a visit to the US and he
Speaker 3: is held back to back consultations with military chiefs and
Speaker 3: his security cabinet. We get more from Bloomberg Israel Bureau
Speaker 3: chief Ethan Brunner.
Speaker 7: The overwhelming nature of the commentary in Israel is let's
Speaker 7: do it smart and carefully and let's not start another war.
Speaker 7: But you know, you can't always determine whether war results
Speaker 7: from what you do, so they're trying to figure it out.
Speaker 7: I mean, the likeliest, it seems to me, is either
Speaker 7: going after his Belah leaders or going after his Blah
Speaker 7: military targets. I don't think they're going to go after
Speaker 7: Lebanese infrastructure.
Speaker 2: But that is a possibility.
Speaker 3: Bloomberg's Israel Bureau chief Ethan Brunner reports Hesblah has said
Speaker 3: it's attacks on Israel will cease when the fighting in
Speaker 3: Gaza does.
Speaker 2: And turning to the markets now, Nathan, a big week
Speaker 2: for central banks. Investors going to be watching monetary polup
Speaker 2: decisions in Japan, the UK, and of course here in
Speaker 2: the UN where the FED begins its two day policy
Speaker 2: meeting tomorrow. Conference Board Chief account of as Dana Peterson
Speaker 2: says the FED will proceed cautiously despite calls with a
Speaker 2: central bank to cut this month.
Speaker 8: I don't think there's a ton of urgency. Yes, the
Speaker 8: bias is towards cutting, but they're also looking at everything.
Speaker 8: If you want to define a soft landing as getting
Speaker 8: inflation back towards target, not creating a recession, and also
Speaker 8: making sure you don't have massive layoffs, it's happening, but
Speaker 8: certainly you still have these areas of the economy that
Speaker 8: are putting upward pressure on inflation. But I think the
Speaker 8: Fed does not want to make a mistake. They want
Speaker 8: to feel confident that all the stars are aligning.
Speaker 2: Dana Peterson with the Conference Board says mortgage rates will
Speaker 2: drop once the Fed starts cutting, generating another cycle of
Speaker 2: demand that could potentially fuel shelter cost inflation.
Speaker 3: And John it's also a busy week for earnings, including
Speaker 3: several big tech names. We get a preview from Bloomberg's
Speaker 3: Charlie Pellett.
Speaker 1: Four of the so called Magnificent seven will report this week,
Speaker 1: specifically Grossoft, Amazon, Meta, and Apple. Sam Stovall is chief
Speaker 1: investment satategist at CFRA.
Speaker 9: Our feeling is that while there could be some stumbling,
Speaker 9: we are maintaining our overweight recommendation on tech, mainly because
Speaker 9: companies will soon be looking at twenty twenty six estimates
Speaker 9: and pretty much ignoring what they're hearing right now in
Speaker 9: twenty twenty four.
Speaker 1: Other high profile tech names this week include Intel, Qualcom,
Speaker 1: and Armholdings. Among consumer names, we hear from McDonald's, Wendy's
Speaker 1: and Starbucks in New York, Charlie Pellett, Bloomberg Radio.
Speaker 2: And Thanks Charlie. And Europe. Heineken investors may be crying
Speaker 2: in their beer this morning. Shares are down seven percent.
Speaker 2: The dunch brewer took a nearly nine hundred and fifty
Speaker 2: million dollar charge for the decline and valuation of its
Speaker 2: stake in China's largest brewer. Heineken is also flagging weakness
Speaker 2: in the US that's clouding its prospects.
Speaker 3: And John the outlook for artificial intelligence is getting longer.
Speaker 3: At Apple, the iPhone maker is delaying the release of
Speaker 3: its latest AI features. More on that from Bloomberg's Doug Prisoner.
Speaker 10: The arrival will happen in October, roughly a month later
Speaker 10: than anticipated, and the delay will give Apple more time
Speaker 10: to fix bugs we are told to rollout of Apple
Speaker 10: Intelligence will be a part of software updates originally scheduled
Speaker 10: for September. Now, in spite of the delayed release, Apple
Speaker 10: Intelligence will be available to software developers for the first
Speaker 10: time for early testing as soon as this week. That
Speaker 10: strategy is atypical, but the stakes are higher than usual.
Speaker 10: Apple needs support from developers to ensure a smooth consumer
Speaker 10: release of its big bet On AI. In New York,
Speaker 10: I'm Doug Prisoner Bloomberg Radio.
Speaker 2: And thanks Doug. Bitcoin more than two percent, hovering just
Speaker 2: under seventy thousand dollars over the weekend. Donald Trump said
Speaker 2: he'll expand a pro crypto agenda if he returns to
Speaker 2: the White House this afternoon.
Speaker 11: I'm laying out my plan to ensure that the United
Speaker 11: States will be the crypto capital of the planet and
Speaker 11: the big coined superpower of the world, and we'll get
Speaker 11: it done.
Speaker 2: Former President Trump making the comments at the Bitcoin twenty
Speaker 2: twenty four conference in Nashville, Tennessee. And that brings us
Speaker 2: to five a Weeves on Wall Street. I was going
Speaker 2: to look at some of the other stories making news
Speaker 2: in New York and around the world. For that, we're
Speaker 2: joined by Bloomberg's Michael Barr Michael, Good morning.
Speaker 12: Good morning John. In cities nationwide over the weekend, vigils
Speaker 12: were held in demonstrations for Sonya Massey. She was shot
Speaker 12: and killed in her Illinois home by a sheriff's deputy.
Speaker 12: Earlier this month, anti racist protesters called for systemic changes
Speaker 12: to policing in the US. This demonstrator spoke in New
Speaker 12: York City.
Speaker 5: Soya Massey was murdered by the people who are supposed
Speaker 5: to protect.
Speaker 12: And carefu protesters calling for a number of murder convictions
Speaker 12: for former Deputy Sean Grayson. Police in Rochester, New York,
Speaker 12: are investigating a shooting at a local park that left
Speaker 12: one person dad and six injured, one critically. Rochester Police
Speaker 12: Lieutenant Greg Bellow.
Speaker 13: At a Sunday afternoon where everybody's out barbecuing, having a
Speaker 13: good time. Design to pull out a gun for whatever reason,
Speaker 13: others it's dispute going on for you know, short term,
Speaker 13: long term, whatever it was. Somebody that pulled out a gun.
Speaker 13: Obviously that's incredibly unacceptable.
Speaker 12: Lieutenant Bellow says, no suspects are in custody at this time.
Speaker 12: Senate Majority Leader Chuck Schumer, appearing with military veterans in
Speaker 12: New York City, says the GOP policy Agenda DUB Project
Speaker 12: twenty twenty five would be disastrous for the veterans administration.
Speaker 12: Schumer says it creates chaos for veterans, especially those receiving
Speaker 12: health benefits. Schumer says, deep inside the plan or legislative
Speaker 12: attempts to slash veterans benefits, it's.
Speaker 14: Nine hundred pages of cuts, but it's hidden away in
Speaker 14: this page. Six hundred and something are all the plans
Speaker 14: to hurt our veterans.
Speaker 12: They don't want to brag about him. Schumer pledging to
Speaker 12: protect vet benefits under his continued leadership, including the Bipartisan
Speaker 12: Pack Act, which improves care for veterans exposed to toxins like
Speaker 12: burn pits and agent orange. The explosive Park fire in
Speaker 12: northern California has grown into the biggest fire in the
Speaker 12: state this year, burning up to five thousand acres per hour.
Speaker 12: Thousands of residents have been evacuated. This woman and her
Speaker 12: husband took shelter in their vehicle with their seven dogs.
Speaker 7: Whatever we had can be replaced, but.
Speaker 3: I wouldn't have left the animals at all.
Speaker 12: The man allegedly responsible heads to court today. Fiber optics
Speaker 12: networks in six French departments were sabotaged overnight, but Paris
Speaker 12: was not impacted. As the Olympic Games continue. Francis Transport
Speaker 12: Minister says all trains are running on France's high speed
Speaker 12: train lines that were disrupted by sabotage. Last week, Global
Speaker 12: News twenty four hours a day and whenever you want
Speaker 12: it with the Bloomberg News. Now, I'm Michael barn This
Speaker 12: is Bloomberg, John.
Speaker 2: Michael, thank you, and that brings us to five eleven
Speaker 2: on Wall Street. Time for the Bloomberg Sports Update. To
Speaker 2: add for that, here's John Stashower.
Speaker 12: All Right, y'all.
Speaker 14: The narrative after the Mets Subway series sweep was the
Speaker 14: Mets were hot, the Yankees were not. The strip was
Speaker 14: flipped over the weekend two lopsided the loss for the Mets.
Speaker 14: The Yankees won twice in Boston, the quick start Labor
Speaker 14: Torres two runs single and the three run first hitting.
Speaker 14: The Yanks pulled away, scoring four times over the last
Speaker 14: three at bats. They beat the Red Sox eight to two.
Speaker 14: They scored twenty six runs in the series, and last
Speaker 14: night they got solid pitching from Carlos Radon. He's had
Speaker 14: now back to back strong outings after five losses in
Speaker 14: a row. The game was that the debut for the
Speaker 14: newest Yankee, Jazz Chisholm.
Speaker 15: Every kid dreams of being a Yankee. You know, his
Speaker 15: most famous team in baseball that Derek Jeter played on,
Speaker 15: You know what I mean, So everybody's favorite player was there.
Speaker 12: Youitter.
Speaker 15: Growing up, I had him as an owner, So I
Speaker 15: just feel like it was only right to come on
Speaker 15: and put on the uniform.
Speaker 14: Yanks quart chiosing from Miami, expect more trades before tomorrow's deadline.
Speaker 12: As for the Mets.
Speaker 14: Until the Petere lines a home run eight inning the
Speaker 14: city Field, they had been outscored by Atlanta over the
Speaker 14: weekend thirteen to nothing. The Braves at four home runs
Speaker 14: they won nine to two. Tennis in the spotlight today
Speaker 14: at the Paris Olympics at Roland Garros, it's Raffie on
Speaker 14: the dal versus Novak Djokovic in the second round. They
Speaker 14: usually meet in a Grand Stamp final. It's the sixtieth
Speaker 14: time they had faced off, with Djokovic ahead thirty to
Speaker 14: twenty nine. It might be the last match of na
Speaker 14: Dalla's career, though he hasn't said that officially. Andy Murray
Speaker 14: has he's hanging it up after the Olympics and playing
Speaker 14: doubles with England's Dan Evans. They advanced after facing five
Speaker 14: match points did any US Olympian Sunday have a better
Speaker 14: day than Kevin Durant didn't play any of the five
Speaker 14: exhibition games due to a calf injury. Katie scored twenty
Speaker 14: one first half points only missed one shot. The US
Speaker 14: opened up one ten to eighty four over Serbia. The
Speaker 14: next game is Wednesday against South Sudan, who nearly beat
Speaker 14: the US in tune up. The US women have their
Speaker 14: opening game today against Japan. John Stasha with Bloomberg Sports.
Speaker 14: John and Nathan.
Speaker 12: Coast to coast on Bloomberg Radio nationwide on Sirius XM,
Speaker 12: and around the world on Bloomberg dot Com and the
Speaker 12: Bloomberg Business app.
Speaker 3: This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Vice
Speaker 3: President Kamala Harris heads into the second week of her
Speaker 3: presidential campaign enjoying a huge surgeon fundraising and at the poll.
Speaker 3: She has raised two hundred million dollars already since declaring
Speaker 3: her campaign just over a week ago, and her favorability
Speaker 3: has jumped eight points in an ABC News poll. For more,
Speaker 3: We're joined by Bloomberg News Senior editor Bill Ferries. Bill,
Speaker 3: Good morning, it does seem as though the wind is
Speaker 3: at Vice President. Harris's back right now, and I guess
Speaker 3: the next big step is picking a running mate.
Speaker 5: That's right. She's had kind of an ideal first weeks
Speaker 5: as the new presidential candidate, and you know, you talked
Speaker 5: about the fundraising, you talked about the visibility she's gotten,
Speaker 5: and how that's played out in terms of her favorability.
Speaker 5: She is now, I think, increasingly focused on who her
Speaker 5: running mate will be, and the idea she has, I
Speaker 5: think is to try to make this pick before that
Speaker 5: virtual August seventh role call of delegates. So she has
Speaker 5: basically a little over a bit over a week to
Speaker 5: go before she settles on who she wants to be
Speaker 5: running alongside her.
Speaker 3: And in the meantime, as we've been watching the campaign
Speaker 3: roll on, it seems as though former President Trump and
Speaker 3: his running mate JD. Vance have had a bit of
Speaker 3: stumbles Vance with these past comments about childless cat ladies,
Speaker 3: that sort of thing. And I guess Harris has been
Speaker 3: testing out this new line that the Trump Dvance message
Speaker 3: is just playing weird. I where do you see the
Speaker 3: trajectory going now?
Speaker 5: Well, if you know, if you remember, the Trump campaign
Speaker 5: was really on quite a role ahead of Biden's withdrawal,
Speaker 5: they were starting to bring in a lot more money.
Speaker 5: There was a rally around Trump after that assassination attempt,
Speaker 5: and really even after that, Biden had that debate performance.
Speaker 5: So they were on the ups then, and it's the
Speaker 5: momentum has swung in the other direction. I expect we'll
Speaker 5: see a lot more ups and downs for both campaigns
Speaker 5: in the final basically one hundred days before the election.
Speaker 5: But yeah, with the change in the Democratic side, the
Speaker 5: Republicans have have to, you know, switch up their strategy.
Speaker 5: They're trying to figure out what works with their core
Speaker 5: and what helps them draw in new people. And they've
Speaker 5: been under some extra scrutiny now and so you know,
Speaker 5: you hear this, You hear this message coming from the
Speaker 5: Democratic side that they find the Trump vance ticket to
Speaker 5: be weird and saying some odd things. Listen, I think
Speaker 5: both sides are going to take a beating and have
Speaker 5: their high moments as we as we kind of grind
Speaker 5: ahead to November.
Speaker 3: So I guess the challenge then for the Harris campaign
Speaker 3: is to avoid any low moments, any stumbles, as she
Speaker 3: really has not much time to choose a running mate here.
Speaker 5: Yeah, so she's got about seven eight days ahead of
Speaker 5: that roll call vote of the Democratic delegates, and then
Speaker 5: I think the next thing after that is she has
Speaker 5: committed to doing that early September, I think September tenth
Speaker 5: debate that had been scheduled between Trump and Biden. The
Speaker 5: Trump campaign saying that they want to They're not going
Speaker 5: to confirm anything until they know that she is the candidate,
Speaker 5: but that would be kind of a next key moment
Speaker 5: when those two Paris and Trump have to be on
Speaker 5: a stage together debating just less than two months before
Speaker 5: the election.
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Speaker 1: I'm Nathan Hager and.
Speaker 2: I'm John Tucker. Join us again tomorrow morning for all
Speaker 2: the news you need to start your day, right here
Speaker 2: on Bloomberg day Break