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Speaker 1: Global business news twenty four hours a day. If Bloomberg

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Speaker 1: dot Com, the radio plus Mobile act and on your radio,

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Speaker 1: this is a Bloomberg Business Flash and I'm Karen Moscow.

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Speaker 1: Future is moving higher this morning. Let's go to the

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Speaker 1: First Word Breaking news desk for today's morning call, and

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Speaker 1: here's Bill Maloney. Good morning, Bill, Good morning Karen. US

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Speaker 1: futures are may tending their games. Since the last time

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Speaker 1: we spoke, doubt futures hired by a hundred and eighteen

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Speaker 1: points says He's game fifteen and as the futures rise

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Speaker 1: by thirty crew features are hired by two point one

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Speaker 1: percent and manupier markets are climbing, led by one point

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Speaker 1: seven percent gains in Italy. On the US economic front

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Speaker 1: at nine market US Manufacturing p M I and at

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Speaker 1: ten o'clock I s M Manufacturing and construction spending. After

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Speaker 1: de Bella's night, GoPro expects records substantial night loss into

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Speaker 1: one and work a Q and revenue trailed estimates regarding

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Speaker 1: errings this morning, Metronic EPs, Inline, Auto Zone EPs, feet

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Speaker 1: and dollar Try your PS view trails estimates. Finally, some

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Speaker 1: Q well sheet upgrades and downgrades at Bank of America

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Speaker 1: linear Technology cut to underperform for report, mcmurran raised to neutral,

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Speaker 1: Kaiser Lunham raised to buy a Deutsche Bank at Goldman

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Speaker 1: Sachs ds W and Steve Madden cut to sell. Workday

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Speaker 1: raised over weight at JP Morgan with a price target

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Speaker 1: of eighty five and found the at RBC. United Technologies

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Speaker 1: raised outperform and Valiant cut the sector perform. Live from

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Speaker 1: the first Breaking News descom, Bill Maloney care, all right,

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Speaker 1: thanks bail to hear live breaking news over your Bloomberg

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Speaker 1: type squawk go on your terminal. That's s Q you

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Speaker 1: a w K go and that's a Bloomberg business flash.

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Speaker 1: Tom and Mike Karen, thanks so much from Washington and

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Speaker 1: Bloomberg Surveillance for a bunch of by Investco. Invesco believes

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Speaker 1: Slash high Conviction. I think it's the most important interview

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Speaker 1: of the day. It is certainly the most interest the

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Speaker 1: interview of the day. He is from Walker, Minnesota, off

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Speaker 1: of Leech Lake, where he catches fish the size of

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Speaker 1: your leg. Then Webber where this of course for decades

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Speaker 1: his support of a beleaguered Republican Party. Let me get

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Speaker 1: the knitting out of the way. We spoke with Senator

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Speaker 1: Greg earlier. I asked him about his nominee come the convention.

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Speaker 1: He said he would support the nominee. Could you support

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Speaker 1: Mr Trump is a nominee of your Republican Party. I

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Speaker 1: can't say that. I mean, I have great respect for

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Speaker 1: Judd Gregg. He's a good friend of mine who came

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Speaker 1: into Congress together, and his judgment is good. But I've

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Speaker 1: seen what Donald Trump has said and I'm not ready

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Speaker 1: to say that I could vote for him. No, you

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Speaker 1: go back to the fabric and fiber, the linkage, frankly,

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Speaker 1: back to World War Two and your support of Senator

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Speaker 1: Doll twenty years ago. I I the shock and awe

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Speaker 1: of your establishment. What's your to do list for your

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Speaker 1: Republican establishment in the next twenty four hours or for

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Speaker 1: that matter, the next twenty four days. Well, we still have,

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Speaker 1: you know, a couple of candidates in there that could

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Speaker 1: challenge Donald Trump very seriously, if you have three, if

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Speaker 1: you count Senator Cruz. But but Governor ka Sick is

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Speaker 1: running friend of mine, also friend of Judd Gregg's. Uh,

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Speaker 1: and Senda Rubio, and you gotta do what you can

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Speaker 1: to help those people, and and prepare for a long

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Speaker 1: fight all the way to the convention. It doesn't look

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Speaker 1: as if there's any way of stopping Donald Trump short

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Speaker 1: of a convention fight anymore. He's just guy. He's got

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Speaker 1: too big a lead, and the polls say that he's

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Speaker 1: going to expand that lead substantially tonight. But you can

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Speaker 1: slow him down in the winter. Take all states that

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Speaker 1: begin coming March fifteen, go to the convention and have

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Speaker 1: a chance of nominating another kind of Republicans. Smoke field

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Speaker 1: rooms they return. Yeah, but you gotta smoke outside now, yeah, sidewalk,

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Speaker 1: you know. And it would be different that there was

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Speaker 1: a time obviously when both parties chose their candidates, and

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Speaker 1: if you might call him smoke filled rooms, but quote

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Speaker 1: brokered conventions. The difference now is we don't have bosses

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Speaker 1: to broker a convention. It would be a genuinely open

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Speaker 1: convention where people would come in nobody having a majority,

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Speaker 1: and obviously people would try to influence folks, but there's

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Speaker 1: there's there's no mare daily to deliver the votes of

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Speaker 1: Illinois anymore, for instance, So it's it would be quite

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Speaker 1: a different situation. And that that that's because we've changed

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Speaker 1: the way in which we nominate candidates, largely to primaries. Uh.

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Speaker 1: I like to the story from my native Minnesota, Hubert

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Speaker 1: Humphrey won the Democratic nomination for president without entering a

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Speaker 1: single primary. That's as recently. That's because we chose our

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Speaker 1: presidential candidates differently in those days. That's not possible anymore.

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Speaker 1: We do. We everybody, almost everybody's chosen through a primary

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Speaker 1: or an open clock a system. And so the convention

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Speaker 1: would be genuinely open. It would not be broken, and

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Speaker 1: not be smoke filled rooms because smoking is not permitted,

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Speaker 1: as you pointed out, like I said, smoke filled street corners.

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Speaker 1: If Donald Trump is the Republican nominee, what happens to

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Speaker 1: the Republican Party? Well, in the short term, how bad

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Speaker 1: would it be in the fall? And over the long term,

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Speaker 1: does does he, as some people have said, rent the

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Speaker 1: party and then it comes the establishment comes back, or

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Speaker 1: does he blow it up? It's it's hard to say that.

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Speaker 1: You know, it's just a temporary diversion and everything else

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Speaker 1: returns to normal after this election. I think it changes

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Speaker 1: a quite substantially. I think in the most obvious political

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Speaker 1: damage that he does to us is with the Hispanic

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Speaker 1: and the Asian communities. UH. The Spanic community, quite properly

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Speaker 1: and quite understandably, is mobilizing massively against Donald Trump all

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Speaker 1: across the country, and he's got an eight plus percent

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Speaker 1: disapproval rating that could wreck the Republican Party's chances with

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Speaker 1: the fastest growing segment of the electorate UH, for for

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Speaker 1: a long long time to come. But I also emphasize

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Speaker 1: to people it's not just the politics of it. There

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Speaker 1: are fundamental issues in which he is trying to reorient

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Speaker 1: the Republican Party. Immigration is a notable one where the

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Speaker 1: party that used to stand for fairly open the immigration

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Speaker 1: policies now is has been favor of walls and deporting

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Speaker 1: people and things like that. Also trade, I mean, the

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Speaker 1: Republican Party really has led, as America has led since

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Speaker 1: the end of World War Two, toward a more open,

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Speaker 1: more liberal trading system. Donald Trump basically is talking about

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Speaker 1: starting trade wars with Mexico, our closest neighbor, and China,

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Speaker 1: the second largest economy in the world, and trashing the

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Speaker 1: system of multilateral trade negotiations that the United States has

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Speaker 1: led in the world since the end of World War Two.

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Speaker 1: He's basically americantilist. Those are a couple of big things

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Speaker 1: that that would change in the in the Republican Party

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Speaker 1: on an issues in philosophical level which haven't been talked

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Speaker 1: about enough in my view, while we focus all this

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Speaker 1: attention on insider versus outsider and establishments. As I if

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Speaker 1: Donald Trump came down and had a cocktrol party in Georgetown,

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Speaker 1: everybody'd be fine with my jump in here quickly. We

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Speaker 1: want you to stay on for the next section. Thirty

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Speaker 1: seconds of Suppose Hillary Clinton's elected because people are disgusted

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Speaker 1: with Donald Trump. January twenty she takes the oath of office.

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Speaker 1: January twenty one, two Republicans in the House start impeachment proceedings.

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Speaker 1: I mean, is this what we're gonna It could be

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Speaker 1: pretty ugly. You know, who knows what the direction of

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Speaker 1: the FBI investigation is going to be. I expect that

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Speaker 1: she will be interviewed. I don't mean indicted, but interviewed

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Speaker 1: sometime before the election, and that these these issues are

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Speaker 1: not going to be totally resolved. I don't think that

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Speaker 1: they would jump on impeachment though right away. I think

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Speaker 1: that her issues are going to be with the FBI

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Speaker 1: and with legalities. I cannot believe on Super Tuesday we're

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Speaker 1: talking about whoever with us. We were thrilled to have

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Speaker 1: him with this Good Morning Serious. The next time Channel

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Speaker 1: one nineteen in the great state of Minnesota, we say

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Speaker 1: good morning, Bloomberg nine sixties, San Francisco, Bloomberg Boston, Bloomberg

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Speaker 1: eleven three oh in New York, and of course Bloomberg

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Speaker 1: FM Washington and Baltimore. Stay with us coming up the

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