WEBVTT - Harris Campaign Gains; Venezuela Election Latest

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>Good morning, I'm Nathan Hager and and I'm John Tucker.

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<v Speaker 2>Here are these stories we're following today.

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<v Speaker 3>John, Let's begin with the presidential race and a remarkable

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<v Speaker 3>week for Vice President Kamala Harris. Since she announced her

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<v Speaker 3>presidential campaign last Sunday, Harris has raised two hundred million

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<v Speaker 3>dollars and her favorability rating has jumped from thirty five

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<v Speaker 3>percent to forty three percent in an ABC News poll.

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<v Speaker 3>Democratic Governor JB. Pritzker of Illinois says it's a whole

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<v Speaker 3>new campaign.

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<v Speaker 4>The electorate is energized. Democrats are ready to go. You've

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<v Speaker 4>seen hundreds of thousands of people signing up to volunteer.

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<v Speaker 4>Plus our candidate is the energizer bunny. She's been everywhere

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<v Speaker 4>all the time over the last several days, and we're

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<v Speaker 4>excited about that.

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<v Speaker 3>But Republican Governor Chris Snunu of New Hampshire says this

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<v Speaker 3>is just a honeymoon period for Harris. The first poll

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<v Speaker 3>I believe that we'll actually matter if I may is

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<v Speaker 3>the Wednesday after Labor Day, right, so you're going to have.

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<v Speaker 1>This thirty day honeymoon period. Things will settle folks.

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<v Speaker 5>Will get back, talk to their family and friends, come

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<v Speaker 5>off with summer vacation, put their kids in school, all

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<v Speaker 5>that sort of stuff, and then they'll start really thinking

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<v Speaker 5>about what this race really means.

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<v Speaker 3>Both Governors christ and Younu and JB. Pritzker were guests

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<v Speaker 3>on ABC's This Week Heard Every Sunday on Bloomberg Radio.

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<v Speaker 2>And we now turn into a controversial election in Venezuela,

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<v Speaker 2>the country's political opposition rejecting the electoral authorities ruling that

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<v Speaker 2>Nicholas Madora was re elected as the president on Sunday,

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<v Speaker 2>the US and some Latin American neighbors also raising concerns

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<v Speaker 2>about the official result. Bloomberg News Latin American executive editor

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<v Speaker 2>Creton Harrison's as confirmation of the vote tally is now key.

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<v Speaker 6>The latest report we got from the opposition and was

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<v Speaker 6>that they'd gotten about thirty percent of the tabulated votes.

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<v Speaker 6>They're supposed to have access to verified account. Whether the

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<v Speaker 6>international community can do any better has yet to be seen.

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<v Speaker 6>There are some election observers, some of the ones that

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<v Speaker 6>we all know, like the Carter Center, are here in Venezuela.

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<v Speaker 6>We'll hear from the Carter Center. Supposedly on Tuesday with

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<v Speaker 6>their report on this election, so we may get some

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<v Speaker 6>interesting details there. But yes, the US isn't knowing when

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<v Speaker 6>the President of Chile had just came out and said

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<v Speaker 6>that he will not recognize the results until he sees

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<v Speaker 6>some verifiable results.

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<v Speaker 2>News Latin American executive editor Creighton Harrison reports the Electoral

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<v Speaker 2>Center declared Maduro the winner with fifty one point two

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<v Speaker 2>percent of the vote, compared with forty four point two

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<v Speaker 2>percent for rival at Bundo Gonzalez, but a name zipool

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<v Speaker 2>conducted by the US firm Edison Research at Gonzalez winning

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<v Speaker 2>by more than thirty percentage points. That's adding to suspicions

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<v Speaker 2>that Manduro's administration tampered with the Tally.

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<v Speaker 3>And John Tensions are escalating in the Middle East as well. Overnight,

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<v Speaker 3>Israel attack Hesbolat targets, and it's threatening further retaliation for

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<v Speaker 3>a rocket strike that killed twelve children and teenagers in

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<v Speaker 3>the Goal On Heights. Israeli Prime Minister Benjamin Nintanya, who's

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<v Speaker 3>just back from a visit to the US and he

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<v Speaker 3>is held back to back consultations with military chiefs and

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<v Speaker 3>his security cabinet. We get more from Bloomberg Israel Bureau

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<v Speaker 3>chief Ethan Brunner.

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<v Speaker 7>The overwhelming nature of the commentary in Israel is let's

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<v Speaker 7>do it smart and carefully and let's not start another war.

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<v Speaker 7>But you know, you can't always determine whether war results

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<v Speaker 7>from what you do, so they're trying to figure it out.

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<v Speaker 7>I mean, the likeliest, it seems to me, is either

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<v Speaker 7>going after his Belah leaders or going after his Blah

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<v Speaker 7>military targets. I don't think they're going to go after

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<v Speaker 7>Lebanese infrastructure.

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<v Speaker 2>But that is a possibility.

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<v Speaker 3>Bloomberg's Israel Bureau chief Ethan Brunner reports Hesblah has said

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<v Speaker 3>it's attacks on Israel will cease when the fighting in

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<v Speaker 3>Gaza does.

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<v Speaker 2>And turning to the markets now, Nathan, a big week

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<v Speaker 2>for central banks. Investors going to be watching monetary polup

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<v Speaker 2>decisions in Japan, the UK, and of course here in

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<v Speaker 2>the UN where the FED begins its two day policy

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<v Speaker 2>meeting tomorrow. Conference Board Chief account of as Dana Peterson

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<v Speaker 2>says the FED will proceed cautiously despite calls with a

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<v Speaker 2>central bank to cut this month.

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<v Speaker 8>I don't think there's a ton of urgency. Yes, the

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<v Speaker 8>bias is towards cutting, but they're also looking at everything.

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<v Speaker 8>If you want to define a soft landing as getting

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<v Speaker 8>inflation back towards target, not creating a recession, and also

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<v Speaker 8>making sure you don't have massive layoffs, it's happening, but

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<v Speaker 8>certainly you still have these areas of the economy that

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<v Speaker 8>are putting upward pressure on inflation. But I think the

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<v Speaker 8>Fed does not want to make a mistake. They want

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<v Speaker 8>to feel confident that all the stars are aligning.

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<v Speaker 2>Dana Peterson with the Conference Board says mortgage rates will

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<v Speaker 2>drop once the Fed starts cutting, generating another cycle of

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<v Speaker 2>demand that could potentially fuel shelter cost inflation.

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<v Speaker 3>And John it's also a busy week for earnings, including

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<v Speaker 3>several big tech names. We get a preview from Bloomberg's

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<v Speaker 3>Charlie Pellett.

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<v Speaker 1>Four of the so called Magnificent seven will report this week,

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<v Speaker 1>specifically Grossoft, Amazon, Meta, and Apple. Sam Stovall is chief

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<v Speaker 1>investment satategist at CFRA.

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<v Speaker 9>Our feeling is that while there could be some stumbling,

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<v Speaker 9>we are maintaining our overweight recommendation on tech, mainly because

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<v Speaker 9>companies will soon be looking at twenty twenty six estimates

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<v Speaker 9>and pretty much ignoring what they're hearing right now in

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<v Speaker 9>twenty twenty four.

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<v Speaker 1>Other high profile tech names this week include Intel, Qualcom,

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<v Speaker 1>and Armholdings. Among consumer names, we hear from McDonald's, Wendy's

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<v Speaker 1>and Starbucks in New York, Charlie Pellett, Bloomberg Radio.

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<v Speaker 2>And Thanks Charlie. And Europe. Heineken investors may be crying

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<v Speaker 2>in their beer this morning. Shares are down seven percent.

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<v Speaker 2>The dunch brewer took a nearly nine hundred and fifty

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<v Speaker 2>million dollar charge for the decline and valuation of its

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<v Speaker 2>stake in China's largest brewer. Heineken is also flagging weakness

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<v Speaker 2>in the US that's clouding its prospects.

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<v Speaker 3>And John the outlook for artificial intelligence is getting longer.

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<v Speaker 3>At Apple, the iPhone maker is delaying the release of

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<v Speaker 3>its latest AI features. More on that from Bloomberg's Doug Prisoner.

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<v Speaker 10>The arrival will happen in October, roughly a month later

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<v Speaker 10>than anticipated, and the delay will give Apple more time

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<v Speaker 10>to fix bugs we are told to rollout of Apple

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<v Speaker 10>Intelligence will be a part of software updates originally scheduled

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<v Speaker 10>for September. Now, in spite of the delayed release, Apple

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<v Speaker 10>Intelligence will be available to software developers for the first

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<v Speaker 10>time for early testing as soon as this week. That

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<v Speaker 10>strategy is atypical, but the stakes are higher than usual.

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<v Speaker 10>Apple needs support from developers to ensure a smooth consumer

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<v Speaker 10>release of its big bet On AI. In New York,

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<v Speaker 10>I'm Doug Prisoner Bloomberg Radio.

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<v Speaker 2>And thanks Doug. Bitcoin more than two percent, hovering just

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<v Speaker 2>under seventy thousand dollars over the weekend. Donald Trump said

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<v Speaker 2>he'll expand a pro crypto agenda if he returns to

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<v Speaker 2>the White House this afternoon.

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<v Speaker 11>I'm laying out my plan to ensure that the United

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<v Speaker 11>States will be the crypto capital of the planet and

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<v Speaker 11>the big coined superpower of the world, and we'll get

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<v Speaker 11>it done.

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<v Speaker 2>Former President Trump making the comments at the Bitcoin twenty

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<v Speaker 2>twenty four conference in Nashville, Tennessee. And that brings us

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<v Speaker 2>to five a Weeves on Wall Street. I was going

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<v Speaker 2>to look at some of the other stories making news

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<v Speaker 2>in New York and around the world. For that, we're

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<v Speaker 2>joined by Bloomberg's Michael Barr Michael, Good morning.

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<v Speaker 12>Good morning John. In cities nationwide over the weekend, vigils

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<v Speaker 12>were held in demonstrations for Sonya Massey. She was shot

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<v Speaker 12>and killed in her Illinois home by a sheriff's deputy.

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<v Speaker 12>Earlier this month, anti racist protesters called for systemic changes

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<v Speaker 12>to policing in the US. This demonstrator spoke in New

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<v Speaker 12>York City.

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<v Speaker 5>Soya Massey was murdered by the people who are supposed

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<v Speaker 5>to protect.

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<v Speaker 12>And carefu protesters calling for a number of murder convictions

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<v Speaker 12>for former Deputy Sean Grayson. Police in Rochester, New York,

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<v Speaker 12>are investigating a shooting at a local park that left

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<v Speaker 12>one person dad and six injured, one critically. Rochester Police

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<v Speaker 12>Lieutenant Greg Bellow.

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<v Speaker 13>At a Sunday afternoon where everybody's out barbecuing, having a

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<v Speaker 13>good time. Design to pull out a gun for whatever reason,

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<v Speaker 13>others it's dispute going on for you know, short term,

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<v Speaker 13>long term, whatever it was. Somebody that pulled out a gun.

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<v Speaker 13>Obviously that's incredibly unacceptable.

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<v Speaker 12>Lieutenant Bellow says, no suspects are in custody at this time.

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<v Speaker 12>Senate Majority Leader Chuck Schumer, appearing with military veterans in

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<v Speaker 12>New York City, says the GOP policy Agenda DUB Project

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<v Speaker 12>twenty twenty five would be disastrous for the veterans administration.

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<v Speaker 12>Schumer says it creates chaos for veterans, especially those receiving

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<v Speaker 12>health benefits. Schumer says, deep inside the plan or legislative

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<v Speaker 12>attempts to slash veterans benefits, it's.

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<v Speaker 14>Nine hundred pages of cuts, but it's hidden away in

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<v Speaker 14>this page. Six hundred and something are all the plans

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<v Speaker 14>to hurt our veterans.

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<v Speaker 12>They don't want to brag about him. Schumer pledging to

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<v Speaker 12>protect vet benefits under his continued leadership, including the Bipartisan

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<v Speaker 12>Pack Act, which improves care for veterans exposed to toxins like

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<v Speaker 12>burn pits and agent orange. The explosive Park fire in

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<v Speaker 12>northern California has grown into the biggest fire in the

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<v Speaker 12>state this year, burning up to five thousand acres per hour.

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<v Speaker 12>Thousands of residents have been evacuated. This woman and her

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<v Speaker 12>husband took shelter in their vehicle with their seven dogs.

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<v Speaker 7>Whatever we had can be replaced, but.

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<v Speaker 3>I wouldn't have left the animals at all.

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<v Speaker 12>The man allegedly responsible heads to court today. Fiber optics

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<v Speaker 12>networks in six French departments were sabotaged overnight, but Paris

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<v Speaker 12>was not impacted. As the Olympic Games continue. Francis Transport

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<v Speaker 12>Minister says all trains are running on France's high speed

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<v Speaker 12>train lines that were disrupted by sabotage. Last week, Global

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<v Speaker 12>News twenty four hours a day and whenever you want

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<v Speaker 12>it with the Bloomberg News. Now, I'm Michael barn This

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<v Speaker 12>is Bloomberg, John.

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<v Speaker 2>Michael, thank you, and that brings us to five eleven

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<v Speaker 2>on Wall Street. Time for the Bloomberg Sports Update. To

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<v Speaker 2>add for that, here's John Stashower.

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<v Speaker 12>All Right, y'all.

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<v Speaker 14>The narrative after the Mets Subway series sweep was the

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<v Speaker 14>Mets were hot, the Yankees were not. The strip was

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<v Speaker 14>flipped over the weekend two lopsided the loss for the Mets.

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<v Speaker 14>The Yankees won twice in Boston, the quick start Labor

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<v Speaker 14>Torres two runs single and the three run first hitting.

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<v Speaker 14>The Yanks pulled away, scoring four times over the last

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<v Speaker 14>three at bats. They beat the Red Sox eight to two.

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<v Speaker 14>They scored twenty six runs in the series, and last

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<v Speaker 14>night they got solid pitching from Carlos Radon. He's had

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<v Speaker 14>now back to back strong outings after five losses in

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<v Speaker 14>a row. The game was that the debut for the

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<v Speaker 14>newest Yankee, Jazz Chisholm.

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<v Speaker 15>Every kid dreams of being a Yankee. You know, his

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<v Speaker 15>most famous team in baseball that Derek Jeter played on,

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<v Speaker 15>You know what I mean, So everybody's favorite player was there.

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<v Speaker 12>Youitter.

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<v Speaker 15>Growing up, I had him as an owner, So I

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<v Speaker 15>just feel like it was only right to come on

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<v Speaker 15>and put on the uniform.

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<v Speaker 14>Yanks quart chiosing from Miami, expect more trades before tomorrow's deadline.

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<v Speaker 12>As for the Mets.

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<v Speaker 14>Until the Petere lines a home run eight inning the

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<v Speaker 14>city Field, they had been outscored by Atlanta over the

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<v Speaker 14>weekend thirteen to nothing. The Braves at four home runs

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<v Speaker 14>they won nine to two. Tennis in the spotlight today

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<v Speaker 14>at the Paris Olympics at Roland Garros, it's Raffie on

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<v Speaker 14>the dal versus Novak Djokovic in the second round. They

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<v Speaker 14>usually meet in a Grand Stamp final. It's the sixtieth

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<v Speaker 14>time they had faced off, with Djokovic ahead thirty to

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<v Speaker 14>twenty nine. It might be the last match of na

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<v Speaker 14>Dalla's career, though he hasn't said that officially. Andy Murray

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<v Speaker 14>has he's hanging it up after the Olympics and playing

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<v Speaker 14>doubles with England's Dan Evans. They advanced after facing five

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<v Speaker 14>match points did any US Olympian Sunday have a better

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<v Speaker 14>day than Kevin Durant didn't play any of the five

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<v Speaker 14>exhibition games due to a calf injury. Katie scored twenty

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<v Speaker 14>one first half points only missed one shot. The US

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<v Speaker 14>opened up one ten to eighty four over Serbia. The

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<v Speaker 14>next game is Wednesday against South Sudan, who nearly beat

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<v Speaker 14>the US in tune up. The US women have their

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<v Speaker 14>opening game today against Japan. John Stasha with Bloomberg Sports.

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<v Speaker 14>John and Nathan.

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<v Speaker 12>Coast to coast on Bloomberg Radio nationwide on Sirius XM,

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<v Speaker 12>and around the world on Bloomberg dot Com and the

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<v Speaker 12>Bloomberg Business app.

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<v Speaker 3>This is Bloomberg Daybreak. Good morning, I'm Nathan Hager. Vice

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<v Speaker 3>President Kamala Harris heads into the second week of her

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<v Speaker 3>presidential campaign enjoying a huge surgeon fundraising and at the poll.

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<v Speaker 3>She has raised two hundred million dollars already since declaring

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<v Speaker 3>her campaign just over a week ago, and her favorability

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<v Speaker 3>has jumped eight points in an ABC News poll. For more,

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<v Speaker 3>We're joined by Bloomberg News Senior editor Bill Ferries. Bill,

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<v Speaker 3>Good morning, it does seem as though the wind is

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<v Speaker 3>at Vice President. Harris's back right now, and I guess

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<v Speaker 3>the next big step is picking a running mate.

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<v Speaker 5>That's right. She's had kind of an ideal first weeks

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<v Speaker 5>as the new presidential candidate, and you know, you talked

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<v Speaker 5>about the fundraising, you talked about the visibility she's gotten,

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<v Speaker 5>and how that's played out in terms of her favorability.

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<v Speaker 5>She is now, I think, increasingly focused on who her

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<v Speaker 5>running mate will be, and the idea she has, I

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<v Speaker 5>think is to try to make this pick before that

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<v Speaker 5>virtual August seventh role call of delegates. So she has

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<v Speaker 5>basically a little over a bit over a week to

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<v Speaker 5>go before she settles on who she wants to be

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<v Speaker 5>running alongside her.

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<v Speaker 3>And in the meantime, as we've been watching the campaign

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<v Speaker 3>roll on, it seems as though former President Trump and

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<v Speaker 3>his running mate JD. Vance have had a bit of

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<v Speaker 3>stumbles Vance with these past comments about childless cat ladies,

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<v Speaker 3>that sort of thing. And I guess Harris has been

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<v Speaker 3>testing out this new line that the Trump Dvance message

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<v Speaker 3>is just playing weird. I where do you see the

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<v Speaker 3>trajectory going now?

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<v Speaker 5>Well, if you know, if you remember, the Trump campaign

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<v Speaker 5>was really on quite a role ahead of Biden's withdrawal,

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<v Speaker 5>they were starting to bring in a lot more money.

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<v Speaker 5>There was a rally around Trump after that assassination attempt,

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<v Speaker 5>and really even after that, Biden had that debate performance.

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<v Speaker 5>So they were on the ups then, and it's the

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<v Speaker 5>momentum has swung in the other direction. I expect we'll

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<v Speaker 5>see a lot more ups and downs for both campaigns

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<v Speaker 5>in the final basically one hundred days before the election.

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<v Speaker 5>But yeah, with the change in the Democratic side, the

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<v Speaker 5>Republicans have have to, you know, switch up their strategy.

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<v Speaker 5>They're trying to figure out what works with their core

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<v Speaker 5>and what helps them draw in new people. And they've

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<v Speaker 5>been under some extra scrutiny now and so you know,

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<v Speaker 5>you hear this, You hear this message coming from the

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<v Speaker 5>Democratic side that they find the Trump vance ticket to

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<v Speaker 5>be weird and saying some odd things. Listen, I think

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<v Speaker 5>both sides are going to take a beating and have

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<v Speaker 5>their high moments as we as we kind of grind

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<v Speaker 5>ahead to November.

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<v Speaker 3>So I guess the challenge then for the Harris campaign

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<v Speaker 3>is to avoid any low moments, any stumbles, as she

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<v Speaker 3>really has not much time to choose a running mate here.

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<v Speaker 5>Yeah, so she's got about seven eight days ahead of

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<v Speaker 5>that roll call vote of the Democratic delegates, and then

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<v Speaker 5>I think the next thing after that is she has

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<v Speaker 5>committed to doing that early September, I think September tenth

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<v Speaker 5>debate that had been scheduled between Trump and Biden. The

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<v Speaker 5>Trump campaign saying that they want to They're not going

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<v Speaker 5>to confirm anything until they know that she is the candidate,

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<v Speaker 5>but that would be kind of a next key moment

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<v Speaker 5>when those two Paris and Trump have to be on

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<v Speaker 5>a stage together debating just less than two months before

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<v Speaker 5>the election.

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<v Speaker 16>This is Bloomberg Daybreak Today, your morning brief on the

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<v Speaker 1>I'm Nathan Hager and.

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<v Speaker 2>I'm John Tucker. Join us again tomorrow morning for all

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