Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning, I'm Nathan Hager and I'm Karen Moscow. Here
Speaker 2: are the stories we're following today.
Speaker 3: Karen, we begin with politics. Kamala Harris and Donald Trump
Speaker 3: are looking to shore up key voter blocks. With election
Speaker 3: day just twenty two days away. The Vice president and
Speaker 3: her running mate Tim Walls will crisscross the so called
Speaker 3: Blue Wall states of Michigan, Pennsylvania, and Wisconsin this week.
Speaker 3: Over the weekend, Harris met with black elected faith and
Speaker 3: community leaders in North Carolina. At a rally in Greenville,
Speaker 3: she called out former President Trump for not releasing his
Speaker 3: medical records.
Speaker 4: One must question.
Speaker 1: One must question, are they afraid that people will see
Speaker 1: that he is too weak and unstable?
Speaker 3: Vice President Harris released her medical records on Saturday. Her
Speaker 3: physician said she maintains a healthy, active lifestyle. Trump told
Speaker 3: CBS in August he would very gladly release his records.
Speaker 3: So far, he has not well.
Speaker 2: Meanwhile, Nathan Trump is splitting time between battleground states and
Speaker 2: Democratic is strongholds like California, Illinois, and New York. This week,
Speaker 2: he'll participate in a Fox Newstown hall in front of
Speaker 2: an all female audience with a focus on women's issues.
Speaker 2: Trump's running mate JD. Van says Vice President Harris is
Speaker 2: too radical on abortion rights.
Speaker 5: While she hides behind the popular slogan of Roe versus
Speaker 5: Wade Kamala, Harris's actual abortion views, I think are much
Speaker 5: more radical than even a lot I think, frankly, most
Speaker 5: of our proch choice citizens.
Speaker 2: Jadie Vance appeared on ABC's This Week or Sundays on
Speaker 2: Bloomberg Radio. In that same conversation, he refused to say
Speaker 2: whether Trump lost the twenty twenty election.
Speaker 3: And tomorrow, Karen, We're going to hear from the former
Speaker 3: president right here on Bloomberg. Our editor in chief John
Speaker 3: Mickelthwaite will interview Trump in the new Nower Wall Street
Speaker 3: Time at the Economic Club of Chicago. Tune in tomorrow
Speaker 3: to catch that conversation live on Bloomberg Radio and television.
Speaker 2: And another political note from the weekend, Nathan A man
Speaker 2: was arrested for gun possession outside Trump's rally in Coachelle, California,
Speaker 2: on Saturday. The Secret Service says Trump was not in
Speaker 2: any danger and the incident did not impact protective services.
Speaker 2: The agency says the investigation is ongoing well.
Speaker 3: Karen President Biden was on the road this weekend as well,
Speaker 3: visiting Florida for the second time in two weeks surveying
Speaker 3: the damage from Hurricane Milton. The President announced more than
Speaker 3: six hundred million dollars in recovery aid for areas stricken
Speaker 3: by Milton and Hurricane Helene, and he discussed the progress
Speaker 3: being made before boarding Air Force One's.
Speaker 6: Pretty happy with that wire's going.
Speaker 3: We're not leaving or next and new were I'm not
Speaker 3: sure we get the money.
Speaker 7: In there for small persation.
Speaker 3: The President Biden says he has received bipartisan support for
Speaker 3: his administration's efforts in addressing the crisis.
Speaker 2: Well, we turn overseas now. Nathan and four Israeli soldiers
Speaker 2: were killed last night at a military air base, and
Speaker 2: dozens more were injured in a drone attack that was
Speaker 2: launched by Hesbilah. It's one of the deadly strikes against
Speaker 2: Israeli forces as the country stepped up at tax On Lebanon.
Speaker 2: Speaking to a translator, Israeli Prime Minister Benjamin Ntinya, who
Speaker 2: is now urging UN peacekeepers and HESBLA held territory to leave.
Speaker 8: I'd like to appeal directly to the UN Section General
Speaker 8: it's a time for you to remove uniform from Hesbola's strongholds.
Speaker 8: The IDF has repeatedly asked for this and has been
Speaker 8: met with repeated refusals, all aimed providing a human shield
Speaker 8: to Hesbela terrorists, and the.
Speaker 2: UN has so far refused Prime Minister and At Nyahuo's requests,
Speaker 2: which could come ahead of a ground invasion of northern
Speaker 2: Lebanon Bay. Ruth says that more than two thousand people
Speaker 2: have been killed and hundreds of thousands displaced as fighting
Speaker 2: ramps up in the region.
Speaker 3: Also happening overseas. This weekend, Karen China's highly watched investor briefing.
Speaker 3: Officials promised more aid for the country's slumping property sector
Speaker 3: and indebted local governments, but they didn't give headline spending figures.
Speaker 3: Union Bank Care Purvey economist Carlos Casanova says it was
Speaker 3: not the fiscal market market moment that markets were looking for.
Speaker 2: Is that they are just tackling some of the structural issues.
Speaker 2: They are not really looking to massively inject, so it
Speaker 2: does not constitute that. Whatever it takes a moment.
Speaker 3: Carlos Casanovo with Union Bank Care Purvey says further market
Speaker 3: fluctuations should be expected. Still, Goldman Sachs upgraded its forecast
Speaker 3: for China's economic growth this year and next.
Speaker 2: Well, we want to turn to company news now, Nathan,
Speaker 2: a successful operation for Elon Musk's space X and Bloomberg's
Speaker 2: John Tucker is here with the details. And John, they
Speaker 2: executed a pretty complicated landing procedure. What's going on?
Speaker 9: It was quite a sight. One of the boosters on
Speaker 9: the Starnship rocket care and successfully flew back to the
Speaker 9: launch site. It was caught by giant metal arms with
Speaker 9: the company calls chopsticks.
Speaker 2: Super Heavy st.
Speaker 9: Launch, the largest and most powerful launch system ever developed,
Speaker 9: lifted off Sunday morning. After propelling Starship to space. The
Speaker 9: super Heavy booster returned to the launch site on the Earth,
Speaker 9: where it reignited the its engines to slow itself down
Speaker 9: as it came in for the landing. This allows the
Speaker 9: rocket to be reused in future missions. The launch taking
Speaker 9: place from SpaceX's star based facility in Bokachka, Texas. Recovering
Speaker 9: Starship's booster after launch was a crucial milestone as SpaceX
Speaker 9: ready is the rocket for commercial operations. The vehicles the
Speaker 9: centerpiece of Musk's ambitions of sending people to the moon
Speaker 9: and Mars. I'm John Tucker Bloomberg Radio.
Speaker 3: And the catch was wild, John.
Speaker 7: Thank you.
Speaker 3: Much different story this morning for Boeing, the Planemaker is
Speaker 3: cutting ten percent of its workforce, That is about seventeen
Speaker 3: thousand people. Boeing's new CEO, Kelly Ortberg's hinting more dramatic
Speaker 3: action might be needed to get the company back on track.
Speaker 3: It is on track for its worst annual performance since
Speaker 3: the two thousand and eight financial crisis.
Speaker 2: Well, it's where Nathan. The bond market is closed today
Speaker 2: for the holiday, but equity markets are open, and this
Speaker 2: week traders will be watching parade of earnings that kick
Speaker 2: off tomorrow. Bloomberg's Charlie Pillett has a preview.
Speaker 6: We'll be hearing from Citigroup, Goldman, Sachs, Morgan Stanley, and
Speaker 6: Bank of America, among many others, with a focus on
Speaker 6: the outlook. Kevin Gordon is senior investment strategist at Charles Schwab.
Speaker 4: The important part for earnings, maybe not just this quarter,
Speaker 4: but as we start to turn the quarter into twenty
Speaker 4: twenty five, is what does guidance actually look like? Because
Speaker 4: you look at estimates for the overall s and P
Speaker 4: five hundred for next year for next calendar year. They're
Speaker 4: pretty lofty, they're pretty elevated.
Speaker 6: Also this week we hear from other financials including American Express,
Speaker 6: US Bancorp, Charles Schwab and Blackstone, along with CSX, Johnson
Speaker 6: and Johnson and Netflix. In New York Charlie Pellett Bloomberg Radio.
Speaker 7: All right, thank you, Charlie.
Speaker 3: And finally, UK Prime Minister Keir Starmer is hosting executives
Speaker 3: and politicians from around the world at the UK's Global
Speaker 3: Investment Summit at London's Guildhall. It is the first big
Speaker 3: test for the new Prime Minister's plans to reignite investment
Speaker 3: in the UK. Bloomberg's head of Economics and Government, Stephanie Flanders,
Speaker 3: is going to interview Keir Starmer this morning. You can
Speaker 3: catch that conversation live at nine thirty am Wall Street
Speaker 3: Time right here on Bloomberg Radio.
Speaker 2: It's time now for a look at some of the
Speaker 2: other stories making news in New York and around the world.
Speaker 2: And for that we're joined by Bloomberg's Michael Barr.
Speaker 10: Michael, good morning, Good morning, Karen, and IV Fluid Shortage
Speaker 10: has worsened when Hurricane Helene flooded one of the country's
Speaker 10: largest suppliers. Because of the shortage, some hospitals have been
Speaker 10: delaying non urgent surgeries and substituting oral electrolyte fluid to patients.
Speaker 10: Doctor Chris Derenzio of the American Hospital Association make a mistake.
Speaker 10: The impact of the shortage reaches nearly every hospital in
Speaker 10: the country. In late September, Hurricane Helene's floodwaters engulfed a
Speaker 10: Baxter International plant in North Carolina. The plant produces more
Speaker 10: than sixty percent of the country's IV solution. Doctor Selene Gowander,
Speaker 10: editor at large for public health for KAFF Health News,
Speaker 10: says that another supplier is helping to ramp up production
Speaker 10: to help fill in the gaps.
Speaker 1: B Broun Medical, which is the second largest manufacturer of
Speaker 1: IVY fluids, is stepping up its production at a facility
Speaker 1: in Daytona Beach, Florida. Fortunately, this plant was not severely
Speaker 1: affected by Hurricane Milton. B Braun is expected to resume
Speaker 1: manufacturing and shipping soon, providing some much needed relief.
Speaker 10: Doctor Gallander spoke to CBS an urgent man hunt underway
Speaker 10: in Michigan police and an elderly man was murdered inside
Speaker 10: his home outside of Detroit, with authorities believing the suspects
Speaker 10: proposing as utility workers. One arrest has been made. Police
Speaker 10: are still searching for one of the two men they
Speaker 10: say posed as utility workers to gain entry to a
Speaker 10: Rochester Hills home, where they allegedly killed seventy two year
Speaker 10: old Hussain Murray, then tied up his wife with a
Speaker 10: duct tape. Oakland County Share of Michael Bouchard.
Speaker 3: We believe that they were specifically targeted, that it wasn't
Speaker 3: a random thing knocking on random doors.
Speaker 10: Sheriff Bouchard says. The scene with so gruesome. Investigators say
Speaker 10: it's still not clear how Murray was killed. It's Columbus Day.
Speaker 10: The day officially celebrates Christopher Columbus's arrival in the Americas.
Speaker 10: In New York City, the annual Columbus Date Parade returns
Speaker 10: to Fifth Avenue to also honor its Italian cultural roots. Meanwhile,
Speaker 10: many Native Americans across the US will come together for
Speaker 10: Indigenous People's Day to celebrate their history and culture and
Speaker 10: acknowledge the ongoing challenges they face. With a focus on
Speaker 10: the election. Global News twenty four hours a day and
Speaker 10: whenever you want it with the Bloomberg News. Now, I'm
Speaker 10: Michael Barrn. This is Bloomberg Karen.
Speaker 2: Sorry, Michael barr thank you. Time now for the Bloomberg
Speaker 2: Sports Update, brought to you by Tri State Audi. And
Speaker 2: here's John stash Hour, John, Good morning morning.
Speaker 11: Here the one hundredth postseason game in Met's history and
Speaker 11: in Los Angeles.
Speaker 10: It did not go well.
Speaker 11: Only three hits, lost Game one of the NLCS, nine
Speaker 11: to nothing. That's three straight shutouts to the Dodgers, third
Speaker 11: team to ever do that in the postseason, thirty three
Speaker 11: consecutive scoreless innings, a period where they've outscored the Pandres
Speaker 11: and now the Mets twenty three to nothing. Mets made
Speaker 11: the surprising decision to start the NLDS with Coda Icenga.
Speaker 11: He'd only pitched five innings all season. They did it again.
Speaker 10: It didn't go well.
Speaker 11: So you gave up two runs in the first inning
Speaker 11: another in the second when Carlos Mendoza stuck with him.
Speaker 12: Is this some of the treacky decisions here, you know,
Speaker 12: where you pull him too early, where you know I
Speaker 12: felt like he was one, especially after he got that
Speaker 12: pop up. You know, with the bases loaded, he was
Speaker 12: one one hitter away from getting out of that inning.
Speaker 12: Months he got him with a single, and then he
Speaker 12: went back out there and gave up another one.
Speaker 11: Mendoza starts Sean Minaya. Today's game two Dodgers to go
Speaker 11: with a bullpen. Game starts at four o'clock, four hours
Speaker 11: before the Yankees and Guardians begin the alcs at the stadium,
Speaker 11: Carlos redon versus Alex Kyle. While the Mets were losing,
Speaker 11: so were the Johns. Bengals got a forty three yard
Speaker 11: touchdown run from Joe Burrow three and a half minutes in.
Speaker 11: There was not another TV scored until the Giants tied
Speaker 11: the game thirty five minutes later. In fifty four minutes
Speaker 11: after the Borough run a thirty yard TD scampered by
Speaker 11: Cincinnati's Chase Brown. The Bengals won seventeen to seven. The
Speaker 11: Giants hurt in the fourth quarter by two missed field
Speaker 11: goals and got stopped on a fourth down. Same stadium Tonight,
Speaker 11: Jets and Buffalo first game for Jeff Olbrich, the Jets
Speaker 11: new head coach. The Patriots fifth Boston a Row Houston
Speaker 11: won in Foxborough forty one to twenty one. The Commanders
Speaker 11: and Ravens were both ronning win streaks. Baltimore won thirty
Speaker 11: to twenty three. No bloone ley this time Liberty led
Speaker 11: all the way one Game two of the WNBA Finals
Speaker 11: eighty to sixty six over the Linked series tied at one.
Speaker 11: John stashe were. Bloomberg Sports carry eth.
Speaker 7: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 7: and around the world on Bloomberg dot Com and the
Speaker 7: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 6: Good morning.
Speaker 3: I'm Nathan Hager. It is no holiday for the presidential race.
Speaker 3: Twenty two days until the election day, and the contest
Speaker 3: between Kamala Harris and Donald Trump appears tighter than ever.
Speaker 3: Former President maybe trying not to jinx it here, he
Speaker 3: was at a rally in Prescott, Arizona last night.
Speaker 12: I think the polls are wrong about a lot of things,
Speaker 12: although I don't want to say that now because we're leading,
Speaker 12: so let's leave them.
Speaker 3: I Meanwhile, the Vice president is ribbing Trump for not
Speaker 3: releasing his medical records after she put out hers, and
Speaker 3: she's calling out Republicans for misinformation around the hurricane response.
Speaker 3: Let's get more on the state of the race.
Speaker 2: Now.
Speaker 3: We are joined by Bloomberg News Managing editor Derek Wallbank. Derek,
Speaker 3: good morning. There is a powerful tool on the Bloomberg terminal.
Speaker 3: It can give you a snapshot of the presidential race
Speaker 3: WSL election Go on the terminal. It shows Kamala Harris
Speaker 3: ahead by about a point, maybe two points in the
Speaker 3: polling averages, but in the betting markets, Trump is starting
Speaker 3: to show a pretty significant lead. What does that tell
Speaker 3: us about where things stand with just about three weeks.
Speaker 13: To go, Nathan, You're right, there has been a divergence,
Speaker 13: and a lot of what it is diverging on is
Speaker 13: some state based polls. I think the betting markets have
Speaker 13: been far more responsive to the idea of state based
Speaker 13: polls that maybe your biggest polling aggregators might not go
Speaker 13: for so much because there may be from more Republican sources.
Speaker 13: And so there has wound up being a little bit
Speaker 13: of a divergence there. But I mean, look, you can
Speaker 13: see a lot of this sort of thing take its
Speaker 13: place throughout a lot of different trades, right you know,
Speaker 13: the Mexican peso is a great example of this. You know,
Speaker 13: Donald Trump's own listed company is a great example of this.
Speaker 13: There are any number of ways that people are right
Speaker 13: now betting the election right the way around the world,
Speaker 13: and that is, you know, if you're telling a lot
Speaker 13: of traders right now that the best way to figure
Speaker 13: out their chances of who's going to win is to
Speaker 13: take a quarter out of your pocket and flip it
Speaker 13: up and see where it lands. People don't like that.
Speaker 13: They want a little bit more certainty. But look, Nathan,
Speaker 13: this is a coin flip election, is it not?
Speaker 3: Seems to be at this point. I mean, how much
Speaker 3: is the level of concern on the Kamala Harris side
Speaker 3: about how things are breaking for her, particularly when we're
Speaker 3: hearing from former President Obama on the stump sort of
Speaker 3: calling out black men in particular for showing some reticence
Speaker 3: around her. And we just got an announcement from the
Speaker 3: Harris campaign this morning of a new program she's proposing
Speaker 3: aimed specifically at black entrepreneurs.
Speaker 13: Well, I think you know, Saturday Night Live parodied this
Speaker 13: and their Kamala Harris character was basically saying, how am
Speaker 13: I tied with this guy? And I do think that
Speaker 13: there is some some view among you know, maybe Democrats
Speaker 13: right now who are sitting there saying, like you know,
Speaker 13: there have been a lot of stories that come out,
Speaker 13: a lot of things that have come out about Donald
Speaker 13: Trump and reinforced about him. They don't paint him in
Speaker 13: the most attract active light some of the things that
Speaker 13: you've said in recent weeks. And there is a certain
Speaker 13: concern that Harris has gotten up to parody with Trump.
Speaker 13: It has not been able to take that and put
Speaker 13: it into a defined lead. Yes, there might be a
Speaker 13: slight lead in the national poll averages, but U, I
Speaker 13: and everyone else knows that's not how the United States
Speaker 13: elects a president. It is the electoral college. You are
Speaker 13: looking at these seven key swing states and there has
Speaker 13: not really been a big sort of gap. This is
Speaker 13: part of why Harris and her vice presidential pick Tim
Speaker 13: Walls are going to be spending so very much time
Speaker 13: this week in this sort of blue wall Midwestern Russ
Speaker 13: Belt states of Wisconsin, Michigan, and Pennsylvania. At the end
Speaker 13: of it, I fully expect Kamala Harris will know what
Speaker 13: her favorite Detroit coney dog is because you will have
Speaker 13: been to Michigan so very very much. And look, when
Speaker 13: you're talking about individual segments of the electorate. Right at
Speaker 13: some point, when it's this close, every little bit counts.
Speaker 13: And so if you're talking about a segment of the
Speaker 13: electorate like black men who overwhelmingly vote for Democrats, but
Speaker 13: maybe are not polling as voting as much for Harris
Speaker 13: as they might have for Obama or Biden or insert
Speaker 13: other people here, then yeah, if you sit there and
Speaker 13: you say sixty five percent support, we focus on that,
Speaker 13: We get it up to seventy percent support. That becomes
Speaker 13: real numbers, especially in places like Detroit, especially in places
Speaker 13: like Philadelphia.
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