WEBVTT - Bloomberg's Bender on RNC Convention Lacking Excitement (Audio)

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<v Speaker 1>Broadcasting live to New York, Bloomberg eleventh Brio to Washington,

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<v Speaker 1>d C, Bloomberg to Boston, Bloomberg twelve hundreds to San Francisco,

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<v Speaker 1>Bloomberg to the Country series Exam General one nine and

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<v Speaker 1>around the globe the Bloomberg Radio plusapp and Bloomberg Got gone.

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<v Speaker 1>This is taking Stock. Coming up on taking Stock. Republicans

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<v Speaker 1>kicking off their national convention in Cleveland. Will they be

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<v Speaker 1>able to unify the party Donald Trump, the presumptive Canada

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<v Speaker 1>The Republicans speaking about John Kasik, governor of Ohio and

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<v Speaker 1>calling him an embarrassment. We've got details coming up. Let's

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<v Speaker 1>go to Charlie Pellett. He's in the Bloomberg news room

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<v Speaker 1>with the Bloomberg Business Flash. I thank you, pim Fox.

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<v Speaker 1>Right now, we have got the DALESMP, NEZDAK. They are

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<v Speaker 1>all trading higher. Thirty minutes to go ahead of the

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<v Speaker 1>clothes on this Monday, stocks har raging higher corporate earnings,

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<v Speaker 1>spurring optimism that results this season will be sturdy enough

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<v Speaker 1>to help sustain equities at record levels. IBM, Yahoo and

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<v Speaker 1>Netflix all reporting after the closing bell. Jack Rivkin, his

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<v Speaker 1>chief investment strategist at altigorous advisers, and he says he's

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<v Speaker 1>looking ahead to the next job's report. I think the

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<v Speaker 1>July employment number is going to be a very significant number.

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<v Speaker 1>This This July is a period where non seasonally adjusted

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<v Speaker 1>people actually leave the workforce about a million, and it

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<v Speaker 1>gets seasonally adjusted to a positive number. Given what happened

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<v Speaker 1>in June, which was an overstatement, it's sort of in

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<v Speaker 1>the case that's something different is going on here in

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<v Speaker 1>the in the hiring pattern, and July could be a

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<v Speaker 1>very interesting month to determine whether the FED move sooner

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<v Speaker 1>rather than later. Maryland Attorney General Brian Frost says in

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<v Speaker 1>a statement his state and others plan to sue Volkswagen

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<v Speaker 1>over the environmental damage done by the carmakers so called

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<v Speaker 1>defeat devices designed to cheat pollution control tests. Soft Bank

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<v Speaker 1>Group of Japan has agreed to buy arm Holdings of

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<v Speaker 1>the UK for thirty two billion dollars, securing a slice

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<v Speaker 1>of virtually every mobile computing gadget on the planet and

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<v Speaker 1>future connected devices in the home. This deal is the

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<v Speaker 1>biggest ever by a Japanese company in Europe. SMP five

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<v Speaker 1>hundred index up five sixty seven, a gain of three

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<v Speaker 1>tenths of one percent, the Dow up fifteen a gain

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<v Speaker 1>of one tenth of one percent, and as Stank up

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<v Speaker 1>twenty nine a gain of six tenths of one percent.

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<v Speaker 1>The tenure of down nine thirty seconds, zeal There one

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<v Speaker 1>point five eight percent, Gold up to ten an ounce

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<v Speaker 1>the thirteen twenty nine a gain of two tenths of

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<v Speaker 1>one percent three thirty two on Wall Street. Now, let's

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<v Speaker 1>take a look at other stories making news. Thank you

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<v Speaker 1>Charlie from the Bloomberg Newsroom. I'm Jill Schneider. This news

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<v Speaker 1>update is brought to you by the Jeep Grand Cherokee,

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<v Speaker 1>the most awarded suv ever. The Grand Cherokee continues to

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<v Speaker 1>raise the bar with its luxurious interior and legendary four

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<v Speaker 1>by four capability. Drive one at your local Jeep dealer today.

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<v Speaker 1>How Speaker Paul Ryan says he thinks it is possible

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<v Speaker 1>for the Republicans to take back the White House in November,

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<v Speaker 1>but he says they first must unify around presumptive presidential

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<v Speaker 1>nominee Donald Trump. We will not win election by default.

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<v Speaker 1>We will not win an election by just saying how

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<v Speaker 1>bad the Obama years were, and let's just let's just

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<v Speaker 1>win by default. We will win an election if we

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<v Speaker 1>give this country a really clear choice. Ryan addressed members

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<v Speaker 1>of Pennsylvania's GOP delegation this morning. All lives are on

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<v Speaker 1>Cleveland as the Republican National Convention got underway this afternoon.

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<v Speaker 1>Is the first time two New Yorkers have gone head

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<v Speaker 1>to head in seventy two years since Franklin D. Roosevelt

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<v Speaker 1>defeated Thomas E. Dewey. And not a guilty verdict today

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<v Speaker 1>for the highest ranking of six Baltimore police officers charged

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<v Speaker 1>in last year's arrest and death of Freddie Gray of Baltimore,

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<v Speaker 1>judge acquitted Lieutenant Brian Rice of all charges. Defense lawyer

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<v Speaker 1>Michael Belski says the state was not able to prove

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<v Speaker 1>that Rice knew he was dangering Gray. There were a

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<v Speaker 1>number of challenges for those days, not police of which

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<v Speaker 1>was proving that in the moment Lutenian Rice failed to

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<v Speaker 1>buckle that he was conscious of the riffs he was

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<v Speaker 1>taking for Mr. Gray's album Safety. Gray was arrested and handcuffed,

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<v Speaker 1>but police failed to secure him with a seatbelt when

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<v Speaker 1>he rode in the back of a police fan. He

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<v Speaker 1>died of injuries he sustained during that ride. Global news

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<v Speaker 1>twenty four hours a day, powered by more than journalists

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<v Speaker 1>and analysts in more than one twenty countries. I'm Jill Schneider.

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<v Speaker 1>This is Bloomberg, Charlie, and we thank you and again

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<v Speaker 1>recapping SMP five hundred index up six to sixty seven,

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<v Speaker 1>a gain of three tenths of one percent. I'm Charlie Pellett,

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<v Speaker 1>and that's a Bloomberg Business flash. You're listening to taking

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<v Speaker 1>stuff with Kathleen Hays and Pim Fox on Bloomberg Radio.

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<v Speaker 1>Republicans kicking off their national convention in Cleveland, and here

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<v Speaker 1>to tell us more is Michael Vendor, us politics reporter

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<v Speaker 1>for Bloomberg News, and he joins us from Cleveland. Michael,

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<v Speaker 1>thanks for being with tell us about the efforts of

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<v Speaker 1>Republicans to unify the party. How are they doing? Hey there? What?

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<v Speaker 1>Hello from Cleveland. Yeah, there are a lot of Republicans

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<v Speaker 1>here in town. Uh, and the question about unity is

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<v Speaker 1>going to be a big one all week. Uh. A

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<v Speaker 1>lot of actual a lot of your Republican activists got

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<v Speaker 1>into town last week to start taking care of some

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<v Speaker 1>party business. And I'll tell you that there's just not

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<v Speaker 1>a lot of excitement here uh uh as compared to

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<v Speaker 1>previous conventions. I I can tell you that when it

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<v Speaker 1>comes to unification efforts, No, it's on Trump here. I mean,

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<v Speaker 1>Trump says differently, he expects the people that he defeated

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<v Speaker 1>to uh to come to him. And you know he's

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<v Speaker 1>right to a certain degree. But he is now the

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<v Speaker 1>leader of the party, and he has spent the last

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<v Speaker 1>two months as the presumptive nominee uh settling old scores. Uh.

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<v Speaker 1>And it's turned off a lot of people. I mean,

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<v Speaker 1>when you know you talk about unity, there's gonna be

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<v Speaker 1>one uh, one living Republican presidential nominee in Cleveland this week,

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<v Speaker 1>Bob Dole. The rest of them are are all staying away. Now.

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<v Speaker 1>The Trump campaign has lashed out at the governor John

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<v Speaker 1>Kasi for refusing to support Mr Trump. Tell us more

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<v Speaker 1>about that. Yeah, that's right. Uh. We had Paul Manaford

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<v Speaker 1>in for breakfast this morning, uh to talk a little

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<v Speaker 1>bit about the campaign, about the week of events. Uh.

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<v Speaker 1>Paul Manift is Donald Trump's campaign manager. Chairman. I beg

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<v Speaker 1>your part that chairman. Yeah. Essentially the campaign manager is

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<v Speaker 1>he's just uh Trump's top campaign aid. And and he

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<v Speaker 1>was asked about Kay asked about the unity question. There's

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<v Speaker 1>there's you know, Trump needs to do well in the Midwest,

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<v Speaker 1>these battlegrounds he wants, he needs to win Ohio, he

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<v Speaker 1>wants to he wants to flip Pennsylvania, Michigan, the Wisconsin. Uh,

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<v Speaker 1>Michigan governor is not is not is a Republican not

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<v Speaker 1>supporting Trump. Kasick, how Governor John Kasyck was was one

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<v Speaker 1>of Trump's primary rivals. He is still not supporting Trump.

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<v Speaker 1>Uh and uh and man for it. Last out he said,

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<v Speaker 1>uh uh he called it kasy an embarrassment to the party. Um.

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<v Speaker 1>Now again when it comes to unity, of course that

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<v Speaker 1>that question was asked a few hours later to Paul

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<v Speaker 1>Ryan here in Cleveland, and Paul Pack you know, uh

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<v Speaker 1>speaker Ryan would not you know, stayed far away from that, saying, hey,

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<v Speaker 1>I would never say something like that about John Kasick.

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<v Speaker 1>So it just seemed, uh, you know, it seemed like

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<v Speaker 1>an unneeded uh comments. Um, you know, Trump was talking

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<v Speaker 1>he Trump was talking about kas as the potential vice

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<v Speaker 1>president nominee. Um and uh, you know, so it just

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<v Speaker 1>adds to the turmoil, uh within the party at the

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<v Speaker 1>time when you know, this is supposed to be about unification.

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<v Speaker 1>As you mentioned, this is supposed to be about moving forward,

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<v Speaker 1>uh and trying to figure out a way to win

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<v Speaker 1>in November. Tonight, we will hear from Melania Trump, Mr.

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<v Speaker 1>Trump's wife. What is she expected to say? Uh, well,

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<v Speaker 1>that's a good question. Uh. I guess what she's expected

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<v Speaker 1>to say is, uh is to talk about Trump. And

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<v Speaker 1>you know the we We're going to hear from a

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<v Speaker 1>lot of Trump's this week, Uh, something like a half

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<v Speaker 1>a dozen Trump's. Uh. We'll be speaking in Cleveland, Donald Milannia,

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<v Speaker 1>his children, um and uh you know, speaking with Vanaphor

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<v Speaker 1>here this morning. They see this as a real untapped

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<v Speaker 1>asset for the campaign. UM. You know, particularly when it

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<v Speaker 1>comes to Ivanka Trump. She's she's she's she's universally liked. Uh.

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<v Speaker 1>You know Trump's children. Uh, you know, say what you

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<v Speaker 1>will about Trump or his politics. Uh. People universally have

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<v Speaker 1>have have great things to say about their children, his children,

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<v Speaker 1>saying they're very attentive. You know, the kind of people

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<v Speaker 1>who send uh thank you notes afterwards, UH follow up thing.

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<v Speaker 1>It was nice to meet you, you know, very polite,

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<v Speaker 1>very approachable. Um. And and and they hope that they

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<v Speaker 1>that can help uh turn some opinions about Trump. As

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<v Speaker 1>you you're well aware the disapproval ratings for Trump are

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<v Speaker 1>just sky high and uh and and they see the

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<v Speaker 1>family as a as a potential way to ease that.

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<v Speaker 1>Also on the on the schedule to speak tonight is

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<v Speaker 1>former Mayor of New York Rudy Giuliani. What is his

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<v Speaker 1>expected topic? So we have, Yeah, we're gonna have two

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<v Speaker 1>themes this this week, and they're gonna kind of run

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<v Speaker 1>tandem here and spoth start tonight. One is uh one

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<v Speaker 1>of the family, uh and introducing the family and giving

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<v Speaker 1>sort of another side of the Donald uh. And the

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<v Speaker 1>other is is sort of make America staffe again a

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<v Speaker 1>little a little twist on Trump's original uh motto. And

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<v Speaker 1>you know this is going to be you know, Julianna's

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<v Speaker 1>to speakers as the former mayor of New York City, US,

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<v Speaker 1>as someone who was in New York City during nine eleven.

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<v Speaker 1>Can they see him as as a credible voice about

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<v Speaker 1>anti terrorism given the unrest around the globe and and

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<v Speaker 1>and uh and domestically here you know, from from from

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<v Speaker 1>from Nice, France, the Turkey to these you know, to

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<v Speaker 1>the the terrorist attack in Tambernardino in Orlando. UM, and

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<v Speaker 1>even in UH, you know, even these even these police

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<v Speaker 1>killings in that talents UH and Louisiana. They see, they

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<v Speaker 1>say this as a winning issue for Trump. They say,

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<v Speaker 1>you know, he started to portray himself more and more

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<v Speaker 1>as a law and order candidates and UH and and

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<v Speaker 1>the more that they can portray Republican Republicans as the

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<v Speaker 1>party of law and order. UH to see themselves doing

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<v Speaker 1>over the next couple of months. Michael Bender Us politics

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<v Speaker 1>reporter from Bloomberg News. This is Bloomberg coming up on

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<v Speaker 1>taking stock. You're gonna be the chief investment officer who

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<v Speaker 1>has forty percent of his holdings in cash and more

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<v Speaker 1>than six and a half percent in gold. Will find

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<v Speaker 1>out why