Speaker 1: Broadcasting live to New York, Bloomberg eleventh Brio to Washington,
Speaker 1: d C, Bloomberg to Boston, Bloomberg twelve hundreds to San Francisco,
Speaker 1: Bloomberg to the Country series Exam General one nine and
Speaker 1: around the globe the Bloomberg Radio plusapp and Bloomberg Got gone.
Speaker 1: This is taking Stock. Coming up on taking Stock. Republicans
Speaker 1: kicking off their national convention in Cleveland. Will they be
Speaker 1: able to unify the party Donald Trump, the presumptive Canada
Speaker 1: The Republicans speaking about John Kasik, governor of Ohio and
Speaker 1: calling him an embarrassment. We've got details coming up. Let's
Speaker 1: go to Charlie Pellett. He's in the Bloomberg news room
Speaker 1: with the Bloomberg Business Flash. I thank you, pim Fox.
Speaker 1: Right now, we have got the DALESMP, NEZDAK. They are
Speaker 1: all trading higher. Thirty minutes to go ahead of the
Speaker 1: clothes on this Monday, stocks har raging higher corporate earnings,
Speaker 1: spurring optimism that results this season will be sturdy enough
Speaker 1: to help sustain equities at record levels. IBM, Yahoo and
Speaker 1: Netflix all reporting after the closing bell. Jack Rivkin, his
Speaker 1: chief investment strategist at altigorous advisers, and he says he's
Speaker 1: looking ahead to the next job's report. I think the
Speaker 1: July employment number is going to be a very significant number.
Speaker 1: This This July is a period where non seasonally adjusted
Speaker 1: people actually leave the workforce about a million, and it
Speaker 1: gets seasonally adjusted to a positive number. Given what happened
Speaker 1: in June, which was an overstatement, it's sort of in
Speaker 1: the case that's something different is going on here in
Speaker 1: the in the hiring pattern, and July could be a
Speaker 1: very interesting month to determine whether the FED move sooner
Speaker 1: rather than later. Maryland Attorney General Brian Frost says in
Speaker 1: a statement his state and others plan to sue Volkswagen
Speaker 1: over the environmental damage done by the carmakers so called
Speaker 1: defeat devices designed to cheat pollution control tests. Soft Bank
Speaker 1: Group of Japan has agreed to buy arm Holdings of
Speaker 1: the UK for thirty two billion dollars, securing a slice
Speaker 1: of virtually every mobile computing gadget on the planet and
Speaker 1: future connected devices in the home. This deal is the
Speaker 1: biggest ever by a Japanese company in Europe. SMP five
Speaker 1: hundred index up five sixty seven, a gain of three
Speaker 1: tenths of one percent, the Dow up fifteen a gain
Speaker 1: of one tenth of one percent, and as Stank up
Speaker 1: twenty nine a gain of six tenths of one percent.
Speaker 1: The tenure of down nine thirty seconds, zeal There one
Speaker 1: point five eight percent, Gold up to ten an ounce
Speaker 1: the thirteen twenty nine a gain of two tenths of
Speaker 1: one percent three thirty two on Wall Street. Now, let's
Speaker 1: take a look at other stories making news. Thank you
Speaker 1: Charlie from the Bloomberg Newsroom. I'm Jill Schneider. This news
Speaker 1: update is brought to you by the Jeep Grand Cherokee,
Speaker 1: the most awarded suv ever. The Grand Cherokee continues to
Speaker 1: raise the bar with its luxurious interior and legendary four
Speaker 1: by four capability. Drive one at your local Jeep dealer today.
Speaker 1: How Speaker Paul Ryan says he thinks it is possible
Speaker 1: for the Republicans to take back the White House in November,
Speaker 1: but he says they first must unify around presumptive presidential
Speaker 1: nominee Donald Trump. We will not win election by default.
Speaker 1: We will not win an election by just saying how
Speaker 1: bad the Obama years were, and let's just let's just
Speaker 1: win by default. We will win an election if we
Speaker 1: give this country a really clear choice. Ryan addressed members
Speaker 1: of Pennsylvania's GOP delegation this morning. All lives are on
Speaker 1: Cleveland as the Republican National Convention got underway this afternoon.
Speaker 1: Is the first time two New Yorkers have gone head
Speaker 1: to head in seventy two years since Franklin D. Roosevelt
Speaker 1: defeated Thomas E. Dewey. And not a guilty verdict today
Speaker 1: for the highest ranking of six Baltimore police officers charged
Speaker 1: in last year's arrest and death of Freddie Gray of Baltimore,
Speaker 1: judge acquitted Lieutenant Brian Rice of all charges. Defense lawyer
Speaker 1: Michael Belski says the state was not able to prove
Speaker 1: that Rice knew he was dangering Gray. There were a
Speaker 1: number of challenges for those days, not police of which
Speaker 1: was proving that in the moment Lutenian Rice failed to
Speaker 1: buckle that he was conscious of the riffs he was
Speaker 1: taking for Mr. Gray's album Safety. Gray was arrested and handcuffed,
Speaker 1: but police failed to secure him with a seatbelt when
Speaker 1: he rode in the back of a police fan. He
Speaker 1: died of injuries he sustained during that ride. Global news
Speaker 1: twenty four hours a day, powered by more than journalists
Speaker 1: and analysts in more than one twenty countries. I'm Jill Schneider.
Speaker 1: This is Bloomberg, Charlie, and we thank you and again
Speaker 1: recapping SMP five hundred index up six to sixty seven,
Speaker 1: a gain of three tenths of one percent. I'm Charlie Pellett,
Speaker 1: and that's a Bloomberg Business flash. You're listening to taking
Speaker 1: stuff with Kathleen Hays and Pim Fox on Bloomberg Radio.
Speaker 1: Republicans kicking off their national convention in Cleveland, and here
Speaker 1: to tell us more is Michael Vendor, us politics reporter
Speaker 1: for Bloomberg News, and he joins us from Cleveland. Michael,
Speaker 1: thanks for being with tell us about the efforts of
Speaker 1: Republicans to unify the party. How are they doing? Hey there? What?
Speaker 1: Hello from Cleveland. Yeah, there are a lot of Republicans
Speaker 1: here in town. Uh, and the question about unity is
Speaker 1: going to be a big one all week. Uh. A
Speaker 1: lot of actual a lot of your Republican activists got
Speaker 1: into town last week to start taking care of some
Speaker 1: party business. And I'll tell you that there's just not
Speaker 1: a lot of excitement here uh uh as compared to
Speaker 1: previous conventions. I I can tell you that when it
Speaker 1: comes to unification efforts, No, it's on Trump here. I mean,
Speaker 1: Trump says differently, he expects the people that he defeated
Speaker 1: to uh to come to him. And you know he's
Speaker 1: right to a certain degree. But he is now the
Speaker 1: leader of the party, and he has spent the last
Speaker 1: two months as the presumptive nominee uh settling old scores. Uh.
Speaker 1: And it's turned off a lot of people. I mean,
Speaker 1: when you know you talk about unity, there's gonna be
Speaker 1: one uh, one living Republican presidential nominee in Cleveland this week,
Speaker 1: Bob Dole. The rest of them are are all staying away. Now.
Speaker 1: The Trump campaign has lashed out at the governor John
Speaker 1: Kasi for refusing to support Mr Trump. Tell us more
Speaker 1: about that. Yeah, that's right. Uh. We had Paul Manaford
Speaker 1: in for breakfast this morning, uh to talk a little
Speaker 1: bit about the campaign, about the week of events. Uh.
Speaker 1: Paul Manift is Donald Trump's campaign manager. Chairman. I beg
Speaker 1: your part that chairman. Yeah. Essentially the campaign manager is
Speaker 1: he's just uh Trump's top campaign aid. And and he
Speaker 1: was asked about Kay asked about the unity question. There's
Speaker 1: there's you know, Trump needs to do well in the Midwest,
Speaker 1: these battlegrounds he wants, he needs to win Ohio, he
Speaker 1: wants to he wants to flip Pennsylvania, Michigan, the Wisconsin. Uh,
Speaker 1: Michigan governor is not is not is a Republican not
Speaker 1: supporting Trump. Kasick, how Governor John Kasyck was was one
Speaker 1: of Trump's primary rivals. He is still not supporting Trump.
Speaker 1: Uh and uh and man for it. Last out he said,
Speaker 1: uh uh he called it kasy an embarrassment to the party. Um.
Speaker 1: Now again when it comes to unity, of course that
Speaker 1: that question was asked a few hours later to Paul
Speaker 1: Ryan here in Cleveland, and Paul Pack you know, uh
Speaker 1: speaker Ryan would not you know, stayed far away from that, saying, hey,
Speaker 1: I would never say something like that about John Kasick.
Speaker 1: So it just seemed, uh, you know, it seemed like
Speaker 1: an unneeded uh comments. Um, you know, Trump was talking
Speaker 1: he Trump was talking about kas as the potential vice
Speaker 1: president nominee. Um and uh, you know, so it just
Speaker 1: adds to the turmoil, uh within the party at the
Speaker 1: time when you know, this is supposed to be about unification.
Speaker 1: As you mentioned, this is supposed to be about moving forward,
Speaker 1: uh and trying to figure out a way to win
Speaker 1: in November. Tonight, we will hear from Melania Trump, Mr.
Speaker 1: Trump's wife. What is she expected to say? Uh, well,
Speaker 1: that's a good question. Uh. I guess what she's expected
Speaker 1: to say is, uh is to talk about Trump. And
Speaker 1: you know the we We're going to hear from a
Speaker 1: lot of Trump's this week, Uh, something like a half
Speaker 1: a dozen Trump's. Uh. We'll be speaking in Cleveland, Donald Milannia,
Speaker 1: his children, um and uh you know, speaking with Vanaphor
Speaker 1: here this morning. They see this as a real untapped
Speaker 1: asset for the campaign. UM. You know, particularly when it
Speaker 1: comes to Ivanka Trump. She's she's she's she's universally liked. Uh.
Speaker 1: You know Trump's children. Uh, you know, say what you
Speaker 1: will about Trump or his politics. Uh. People universally have
Speaker 1: have have great things to say about their children, his children,
Speaker 1: saying they're very attentive. You know, the kind of people
Speaker 1: who send uh thank you notes afterwards, UH follow up thing.
Speaker 1: It was nice to meet you, you know, very polite,
Speaker 1: very approachable. Um. And and and they hope that they
Speaker 1: that can help uh turn some opinions about Trump. As
Speaker 1: you you're well aware the disapproval ratings for Trump are
Speaker 1: just sky high and uh and and they see the
Speaker 1: family as a as a potential way to ease that.
Speaker 1: Also on the on the schedule to speak tonight is
Speaker 1: former Mayor of New York Rudy Giuliani. What is his
Speaker 1: expected topic? So we have, Yeah, we're gonna have two
Speaker 1: themes this this week, and they're gonna kind of run
Speaker 1: tandem here and spoth start tonight. One is uh one
Speaker 1: of the family, uh and introducing the family and giving
Speaker 1: sort of another side of the Donald uh. And the
Speaker 1: other is is sort of make America staffe again a
Speaker 1: little a little twist on Trump's original uh motto. And
Speaker 1: you know this is going to be you know, Julianna's
Speaker 1: to speakers as the former mayor of New York City, US,
Speaker 1: as someone who was in New York City during nine eleven.
Speaker 1: Can they see him as as a credible voice about
Speaker 1: anti terrorism given the unrest around the globe and and
Speaker 1: and uh and domestically here you know, from from from
Speaker 1: from Nice, France, the Turkey to these you know, to
Speaker 1: the the terrorist attack in Tambernardino in Orlando. UM, and
Speaker 1: even in UH, you know, even these even these police
Speaker 1: killings in that talents UH and Louisiana. They see, they
Speaker 1: say this as a winning issue for Trump. They say,
Speaker 1: you know, he started to portray himself more and more
Speaker 1: as a law and order candidates and UH and and
Speaker 1: the more that they can portray Republican Republicans as the
Speaker 1: party of law and order. UH to see themselves doing
Speaker 1: over the next couple of months. Michael Bender Us politics
Speaker 1: reporter from Bloomberg News. This is Bloomberg coming up on
Speaker 1: taking stock. You're gonna be the chief investment officer who
Speaker 1: has forty percent of his holdings in cash and more
Speaker 1: than six and a half percent in gold. Will find
Speaker 1: out why