WEBVTT - Dockworkers Strike Shuts East & Gulf Ports; VP Debate Tonight

0:00:02.480 --> 0:00:06.800
<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

0:00:09.720 --> 0:00:12.880
<v Speaker 2>Good morning, I'm Nathan Hager and I'm Karen Moscow. Here

0:00:12.920 --> 0:00:14.640
<v Speaker 2>are the stories we're following today.

0:00:14.760 --> 0:00:17.480
<v Speaker 3>Karen, we begin with the latest on upbreaking story, Doc.

0:00:17.520 --> 0:00:20.400
<v Speaker 3>Workers have walked out of every major port on the

0:00:20.520 --> 0:00:23.880
<v Speaker 3>US East End Gulf Coast. Let's bring in Bloomberg's John

0:00:23.920 --> 0:00:25.079
<v Speaker 3>Tucker with the details.

0:00:25.160 --> 0:00:28.280
<v Speaker 4>John and Nathan, this was the scene at Maher Terminals

0:00:28.320 --> 0:00:29.560
<v Speaker 4>in Elizabeth, New Jersey.

0:00:30.280 --> 0:00:33.200
<v Speaker 5>Nothing's gonna move without us.

0:00:32.479 --> 0:00:38.560
<v Speaker 4>Nothing, that's Union leader Harold Daggett. Some forty five thousand

0:00:38.680 --> 0:00:42.680
<v Speaker 4>members of the International Longshoreman's Association hit the picket lines

0:00:42.720 --> 0:00:46.120
<v Speaker 4>at midnight. This is a strike over wages and automation

0:00:46.240 --> 0:00:50.040
<v Speaker 4>that could reignite inflation and caused shortages of goods if

0:00:50.040 --> 0:00:52.320
<v Speaker 4>it goes on more than a few weeks. The strike

0:00:52.440 --> 0:00:55.760
<v Speaker 4>is impacting thirty six ports. The affected ports have the

0:00:55.840 --> 0:00:59.200
<v Speaker 4>combined capacity to handle as much as half of all

0:00:59.320 --> 0:01:02.760
<v Speaker 4>US trade volumes, and the strike will haul container cargo

0:01:02.880 --> 0:01:06.960
<v Speaker 4>and auto shipments. Energy supplies in bull cargo won't be affected.

0:01:07.319 --> 0:01:09.600
<v Speaker 4>Some exceptions will be made to allow for the movement

0:01:09.600 --> 0:01:13.200
<v Speaker 4>of military goods and cruise ships. The White House had

0:01:13.240 --> 0:01:15.640
<v Speaker 4>been in communication with the two sides over the weekend,

0:01:16.040 --> 0:01:19.600
<v Speaker 4>and some progress had been reported on wages. The Taft

0:01:19.640 --> 0:01:22.960
<v Speaker 4>Heartley Act of nineteen forty seven does allow President Biden

0:01:22.959 --> 0:01:26.760
<v Speaker 4>to intervene in labor disputes that evolved national security. In

0:01:26.800 --> 0:01:29.360
<v Speaker 4>New yorkome John Tucker Bloomberg Radio, all.

0:01:29.280 --> 0:01:30.840
<v Speaker 1>Right, John, thank you well Tonight.

0:01:31.000 --> 0:01:34.919
<v Speaker 2>Vice presidential nominees JD Vance and Tim Wallas will face

0:01:34.959 --> 0:01:37.360
<v Speaker 2>off in what could be the final debate before the

0:01:37.400 --> 0:01:41.240
<v Speaker 2>November election. Bloomberg's Amy Morris has details from Washington.

0:01:41.600 --> 0:01:44.080
<v Speaker 6>The ninety minute debate will be in New York. Walls

0:01:44.160 --> 0:01:46.720
<v Speaker 6>was asked about debate press, how are you feeling.

0:01:46.520 --> 0:01:47.520
<v Speaker 1>About to be priming?

0:01:47.840 --> 0:01:49.480
<v Speaker 4>Going great? This is the fun part.

0:01:49.600 --> 0:01:52.960
<v Speaker 6>Last month, Van said he was already deep into debate Press.

0:01:53.000 --> 0:01:53.720
<v Speaker 1>Well, I found a.

0:01:53.680 --> 0:01:56.320
<v Speaker 7>Good friend from back home who embellishes and lies a lot,

0:01:56.360 --> 0:01:58.160
<v Speaker 7>and having him stand in for Tim Wallas.

0:01:58.200 --> 0:02:01.040
<v Speaker 6>That's what we're doing during our debates. Bloomberg News Morning

0:02:01.040 --> 0:02:04.400
<v Speaker 6>Consule poll of registered voters in seven swing states shows

0:02:04.400 --> 0:02:07.760
<v Speaker 6>Walls with a higher net favorability rating the Advance. There

0:02:07.800 --> 0:02:10.640
<v Speaker 6>will be no opening statements and no studio audience mikes

0:02:10.680 --> 0:02:13.560
<v Speaker 6>will be live throughout the event. Moderators commute the mics

0:02:13.600 --> 0:02:17.000
<v Speaker 6>at their discretion. Pre Written notes are not allowed on stage,

0:02:17.000 --> 0:02:20.480
<v Speaker 6>but they'll have pens, paper, and water. Each candidate has

0:02:20.520 --> 0:02:23.600
<v Speaker 6>two minutes for closing statements In Washington, Amy Moore as

0:02:23.600 --> 0:02:24.400
<v Speaker 6>Bloomberg Radio.

0:02:24.639 --> 0:02:27.160
<v Speaker 2>All right, Amy, thank you. We'll catch the CBS News

0:02:27.200 --> 0:02:31.240
<v Speaker 2>Vice presidential simulcast on a special edition of Bloomberg's Balance

0:02:31.240 --> 0:02:34.000
<v Speaker 2>of Power. It begins tonight at eight pm Wall Street

0:02:34.000 --> 0:02:36.160
<v Speaker 2>Time on Bloomberg Radio and Television.

0:02:36.400 --> 0:02:38.520
<v Speaker 3>Karen, let's turn out to the latest from the Middle East.

0:02:38.560 --> 0:02:42.640
<v Speaker 3>Israeli soldiers are now inside Lebanon. The Israeli military began

0:02:42.720 --> 0:02:46.240
<v Speaker 3>what it's calling targeted ground raids against Hesbola just before

0:02:46.240 --> 0:02:49.760
<v Speaker 3>midnight local time. We get more from Bloomberg's Michael Heath.

0:02:49.639 --> 0:02:51.880
<v Speaker 8>At this time, this saying that these are sites that

0:02:51.960 --> 0:02:55.920
<v Speaker 8>pose in an immediate threat to Israeli communities in northern Israel.

0:02:56.240 --> 0:02:57.960
<v Speaker 8>I mean the big question, of course, is whether this

0:02:58.040 --> 0:03:01.920
<v Speaker 8>then develops into a full scale ground operation. At this stage,

0:03:02.000 --> 0:03:05.040
<v Speaker 8>Axis is reporting that ciding to his running officials that

0:03:05.400 --> 0:03:07.560
<v Speaker 8>this was approved by the Security Cabinet and it will

0:03:07.560 --> 0:03:10.239
<v Speaker 8>be limited in both time and scope. But we also

0:03:10.360 --> 0:03:12.600
<v Speaker 8>know at the same time the US has been worried, well,

0:03:12.639 --> 0:03:14.760
<v Speaker 8>while it's okay with Israel doing this to try and

0:03:15.120 --> 0:03:17.880
<v Speaker 8>push a Hezbla back from the border, it worries about

0:03:17.919 --> 0:03:20.240
<v Speaker 8>mission creep, which is always the case once you send

0:03:20.240 --> 0:03:21.240
<v Speaker 8>boots in on the ground.

0:03:21.360 --> 0:03:24.200
<v Speaker 3>Bloomberg's Michael Heath reports the US agrees with Israel that

0:03:24.240 --> 0:03:27.520
<v Speaker 3>Hesbola's attack infrastructure needs to be dismantled, at the same

0:03:27.600 --> 0:03:30.600
<v Speaker 3>time it is repeating calls for restraint well.

0:03:30.639 --> 0:03:33.240
<v Speaker 2>Turning to the markets, now Nathan Stalks begin the fourth

0:03:33.280 --> 0:03:35.560
<v Speaker 2>quarter on a winning streak. The S and P five

0:03:35.640 --> 0:03:38.480
<v Speaker 2>hundred has gained for four consecutive quarters as a long

0:03:38.520 --> 0:03:41.640
<v Speaker 2>as such winning strettions twenty twenty one, the tech heavy

0:03:41.680 --> 0:03:43.040
<v Speaker 2>now Stack one hundred.

0:03:42.840 --> 0:03:45.200
<v Speaker 1>Notched a similar run. Mike Wilson as.

0:03:45.160 --> 0:03:47.760
<v Speaker 2>Chief US S equity strategist at Morgan Stanley.

0:03:48.000 --> 0:03:49.360
<v Speaker 6>You know, I would stay three weeks ago.

0:03:49.680 --> 0:03:52.440
<v Speaker 9>Myself and most of the clients I speak with were

0:03:52.480 --> 0:03:54.440
<v Speaker 9>in the camp that we would have a tough four

0:03:54.520 --> 0:03:57.240
<v Speaker 9>or five weeks into the election and then you'd get

0:03:57.280 --> 0:04:00.680
<v Speaker 9>a strong rally into year end. Trying to think maybe

0:04:00.680 --> 0:04:02.200
<v Speaker 9>it might be more the opposite.

0:04:02.240 --> 0:04:04.119
<v Speaker 4>We may stay bid into.

0:04:03.840 --> 0:04:06.480
<v Speaker 9>The election and then I think we get some disappointment

0:04:06.720 --> 0:04:07.480
<v Speaker 9>post election.

0:04:08.520 --> 0:04:11.760
<v Speaker 2>Morgan Stanley, chief US secuity strategist Mike Wilson. The S

0:04:11.840 --> 0:04:14.040
<v Speaker 2>and P five hundred added two and a half trillion

0:04:14.080 --> 0:04:15.400
<v Speaker 2>dollars in the third quarter.

0:04:15.520 --> 0:04:18.239
<v Speaker 3>Well, how much will the FED cut in the fourth quarter?

0:04:18.360 --> 0:04:18.560
<v Speaker 5>Well?

0:04:18.680 --> 0:04:21.479
<v Speaker 3>FED chair Jay Powell says the central Bank will lower

0:04:21.520 --> 0:04:25.200
<v Speaker 3>interest rates over time. He told the National Association for

0:04:25.279 --> 0:04:29.080
<v Speaker 3>Business Economics, the US economy is on solid ground. If

0:04:29.080 --> 0:04:32.000
<v Speaker 3>the economy slows more than we expect, then we can

0:04:32.040 --> 0:04:32.599
<v Speaker 3>cut faster.

0:04:32.839 --> 0:04:35.800
<v Speaker 4>If it slows less than we expect, we can cut slower.

0:04:35.800 --> 0:04:37.320
<v Speaker 4>And that's really what's going to decide it.

0:04:37.640 --> 0:04:40.640
<v Speaker 10>But I think from a base case standpoint, we're looking

0:04:40.640 --> 0:04:43.039
<v Speaker 10>at it as a process that will play out over

0:04:43.160 --> 0:04:46.880
<v Speaker 10>some time, not something that we need to go fast on.

0:04:47.360 --> 0:04:47.880
<v Speaker 1>FED Shair J.

0:04:48.040 --> 0:04:51.320
<v Speaker 3>Powell said he remains confident inflation will continue moving toward

0:04:51.320 --> 0:04:54.560
<v Speaker 3>the fed's two percent target. He added that economic conditions

0:04:54.600 --> 0:04:57.640
<v Speaker 3>have set the table for a further easing of price pressures.

0:04:58.080 --> 0:05:00.240
<v Speaker 2>Well. Nathan Larry Fink is speaking out of about the

0:05:00.279 --> 0:05:03.080
<v Speaker 2>strength of the economy. The Black Rock chairman sat down

0:05:03.080 --> 0:05:06.120
<v Speaker 2>with the Bloomberg's friends Saint Laqua at the Berlin Global

0:05:06.200 --> 0:05:09.200
<v Speaker 2>Dialogue twenty twenty four conference earlier this morning.

0:05:09.440 --> 0:05:11.640
<v Speaker 10>We spend so much time focusing on the segments that

0:05:11.680 --> 0:05:13.520
<v Speaker 10>are doing poorly. And I'm not trying to suggest that's

0:05:13.640 --> 0:05:16.680
<v Speaker 10>not the right thing to do, but we're not looking

0:05:16.680 --> 0:05:18.800
<v Speaker 10>at in the holistic way that other parts of the

0:05:18.839 --> 0:05:22.000
<v Speaker 10>economy are doing really, really well. Look at corporate earnings

0:05:22.040 --> 0:05:25.000
<v Speaker 10>over all, they've been very strong, and I think they're

0:05:25.000 --> 0:05:27.560
<v Speaker 10>going to continue to be very strong. We have, you know,

0:05:27.600 --> 0:05:31.600
<v Speaker 10>we do have segments of the economy that are very strong,

0:05:31.680 --> 0:05:33.400
<v Speaker 10>and I think that's why, I don't know why we

0:05:33.440 --> 0:05:35.840
<v Speaker 10>talk about a harder soft line and we're continuing. We're

0:05:35.839 --> 0:05:37.280
<v Speaker 10>going to grow at two to three percent.

0:05:37.880 --> 0:05:40.599
<v Speaker 2>Black Rock chairman Larry Finks as the market is pricing

0:05:40.640 --> 0:05:43.000
<v Speaker 2>too many interest rate cuts from the FED given the

0:05:43.120 --> 0:05:44.799
<v Speaker 2>US economy continues to grow.

0:05:44.880 --> 0:05:47.080
<v Speaker 3>In the meantime, Karen, let's turn to some company news now.

0:05:47.160 --> 0:05:50.120
<v Speaker 3>CVS Health is conducting a strategic or view of options,

0:05:50.160 --> 0:05:54.279
<v Speaker 3>including a possible breakup. Sources say the options under consideration

0:05:54.400 --> 0:05:57.160
<v Speaker 3>include the various forms that a potential breakup could take,

0:05:57.240 --> 0:06:01.160
<v Speaker 3>including a separation of the company's retail and then insurance businesses.

0:06:01.560 --> 0:06:04.960
<v Speaker 3>CVS has been grappling with falling profit margins at its

0:06:05.000 --> 0:06:08.480
<v Speaker 3>retail pharmacies and rising costs of patient care from EDNA,

0:06:08.560 --> 0:06:10.880
<v Speaker 3>which generates about a third of its revenue.

0:06:11.000 --> 0:06:13.920
<v Speaker 2>Well Nathan Pfeiser has raised about three point two billion

0:06:13.960 --> 0:06:16.599
<v Speaker 2>dollars from the sale of helly On shares as it

0:06:16.720 --> 0:06:19.919
<v Speaker 2>further reduces its stake in the UK consumer health company.

0:06:20.200 --> 0:06:23.120
<v Speaker 2>Holly On was formed from a combination of GSK and

0:06:23.160 --> 0:06:26.960
<v Speaker 2>Pfizer's consumer health units. The company makes a wide range

0:06:26.960 --> 0:06:31.080
<v Speaker 2>of products, including Pena Doll, pain relief tablets and Centrum vitamins.

0:06:31.360 --> 0:06:34.279
<v Speaker 3>Here's another company you've heard of, Karen Dell. Michael Dell

0:06:34.440 --> 0:06:38.240
<v Speaker 3>has unloaded more of his namesake company stock. He sold

0:06:38.320 --> 0:06:41.839
<v Speaker 3>ten million shares worth almost one and a quarter billion dollars.

0:06:42.120 --> 0:06:46.600
<v Speaker 3>It is his second significant sale in the month of September. Earlier,

0:06:46.640 --> 0:06:49.479
<v Speaker 3>Michael Dell sold ten million shares worth nearly one point

0:06:49.560 --> 0:06:53.000
<v Speaker 3>two billion dollars. Companies benefited from the wave of investor

0:06:53.040 --> 0:06:56.560
<v Speaker 3>interest in artificial intelligence companies. The stock has jumped fifty

0:06:56.600 --> 0:06:59.599
<v Speaker 3>five percent this year. Dell Technologies joined the S and

0:06:59.600 --> 0:07:02.320
<v Speaker 3>P five one hundred last week after a decade off

0:07:02.400 --> 0:07:03.040
<v Speaker 3>the index.

0:07:07.080 --> 0:07:08.320
<v Speaker 2>And it's time now for a look at some of

0:07:08.360 --> 0:07:11.000
<v Speaker 2>the other stories making news in New York and around

0:07:11.080 --> 0:07:13.920
<v Speaker 2>the world, and for that we're joined by Bloomberg's Michael

0:07:14.040 --> 0:07:15.800
<v Speaker 2>barg Good Tuesday morning, Michael.

0:07:15.680 --> 0:07:18.920
<v Speaker 11>Good morning to you, Karen. North Carolina Governor Roy Cooper

0:07:19.040 --> 0:07:23.640
<v Speaker 11>says that recovery from the catastrophic damage left behind by

0:07:23.720 --> 0:07:28.320
<v Speaker 11>Helene last week will be a monumental task, as several

0:07:28.360 --> 0:07:33.000
<v Speaker 11>towns and cities report severe, lasting damage to their infrastructure.

0:07:33.400 --> 0:07:35.400
<v Speaker 11>At least one hundred and thirty people are dead and

0:07:35.480 --> 0:07:40.239
<v Speaker 11>more than six hundred people are unaccounted for in Buncombe County,

0:07:40.640 --> 0:07:45.560
<v Speaker 11>where communications have been down and roads are impassable. Main

0:07:45.760 --> 0:07:50.120
<v Speaker 11>roads into Ashville were washed away or blocked by mudslides.

0:07:50.440 --> 0:07:54.040
<v Speaker 11>The city's water system is also badly damaged. This man,

0:07:54.080 --> 0:07:57.160
<v Speaker 11>who owns a car wash says his businesses in ruins.

0:07:57.560 --> 0:08:00.320
<v Speaker 7>Every piece of equipment I have is pretty much upside

0:08:00.320 --> 0:08:01.400
<v Speaker 7>down her sideways.

0:08:02.080 --> 0:08:03.880
<v Speaker 1>I've been told I'm not going to have power for

0:08:04.240 --> 0:08:05.560
<v Speaker 1>at least two weeks or so.

0:08:05.880 --> 0:08:08.880
<v Speaker 11>President Biden was asked about getting FEMA aid to people

0:08:08.920 --> 0:08:09.720
<v Speaker 11>who are stranded.

0:08:10.000 --> 0:08:11.640
<v Speaker 5>The question is not whether we get more.

0:08:12.200 --> 0:08:14.240
<v Speaker 10>There's a list of every resource for getting in there,

0:08:14.280 --> 0:08:16.120
<v Speaker 10>but the question is how to get it in.

0:08:16.800 --> 0:08:18.880
<v Speaker 8>It's hard to get it from point A to point B.

0:08:19.640 --> 0:08:21.720
<v Speaker 4>It's hard to get if some of the worlds you're

0:08:21.720 --> 0:08:22.240
<v Speaker 4>wiped out.

0:08:22.640 --> 0:08:26.120
<v Speaker 11>President Biden plans to survey the devastation in western North

0:08:26.160 --> 0:08:31.040
<v Speaker 11>Carolina tomorrow. Vice President Kamala Harris stopped by FEMA headquarters

0:08:31.040 --> 0:08:35.040
<v Speaker 11>in Washington as FEMA mounts recovery efforts in the aftermath

0:08:35.080 --> 0:08:38.760
<v Speaker 11>of Aleen. Harris thanked FEMA workers and said she plans

0:08:38.760 --> 0:08:40.160
<v Speaker 11>to visit the affected areas.

0:08:40.640 --> 0:08:43.480
<v Speaker 12>To everyone who has been impacted by this storm, and

0:08:43.559 --> 0:08:47.000
<v Speaker 12>to all of those of you who are rightly feeling

0:08:47.120 --> 0:08:52.080
<v Speaker 12>overwhelmed by the destruction and the loss, our nation is

0:08:52.160 --> 0:08:52.440
<v Speaker 12>with you.

0:08:53.160 --> 0:08:57.400
<v Speaker 11>Former President Donald Trump visited at Valdosta, Georgia, yesterday, one

0:08:57.440 --> 0:09:00.680
<v Speaker 11>of the many areas devastated by Helene out the region.

0:09:00.720 --> 0:09:04.720
<v Speaker 8>Our hearts are with you, and we are going to

0:09:04.760 --> 0:09:06.320
<v Speaker 8>be with you as long as you need.

0:09:06.760 --> 0:09:10.199
<v Speaker 11>Trump also claimed falsely and that Georgia's Governor Brian Kemp

0:09:10.440 --> 0:09:13.120
<v Speaker 11>had not been able to reach Joe Biden. Kemp refuted

0:09:13.160 --> 0:09:16.160
<v Speaker 11>Trump's allegation and says he talked with the president. Sunday,

0:09:16.920 --> 0:09:19.800
<v Speaker 11>Georgia judge struck down the state's abortion law, which took

0:09:19.800 --> 0:09:23.840
<v Speaker 11>effect in twenty twenty two. And effectively prohibited abortions beyond

0:09:23.880 --> 0:09:27.720
<v Speaker 11>about six weeks of pregnancy. Fulton County Superior Court Judge

0:09:27.800 --> 0:09:31.319
<v Speaker 11>Robert McBurnie wrote in his order that the law violates

0:09:31.360 --> 0:09:35.640
<v Speaker 11>Georgia's constitution and privacy protections. The news was welcomed by

0:09:35.760 --> 0:09:39.160
<v Speaker 11>Jalen Black, spokeswoman for Planned Parenthood Southeast.

0:09:39.520 --> 0:09:42.840
<v Speaker 2>Effective immediately in accordance with the law, we are providing

0:09:42.920 --> 0:09:44.800
<v Speaker 2>and expanding our abortion healthcare.

0:09:45.120 --> 0:09:48.600
<v Speaker 11>Georgia Attorney General confirms that they are planning to appeal

0:09:48.640 --> 0:09:51.320
<v Speaker 11>the decision. Global News twenty four hours a day and

0:09:51.440 --> 0:09:54.160
<v Speaker 11>whenever you want it with Bloomberg News Now. I'm Michael Barr.

0:09:54.200 --> 0:09:55.160
<v Speaker 11>This is Bloomberg Krent.

0:09:55.320 --> 0:09:56.640
<v Speaker 1>All right, Michael Barr, thank you.

0:10:01.559 --> 0:10:04.200
<v Speaker 2>At his time now for the Bloomberry Sports Update, brought

0:10:04.200 --> 0:10:05.800
<v Speaker 2>to you by Tri State Audi.

0:10:05.840 --> 0:10:08.600
<v Speaker 1>And here's John Stashauer. John, good morning, Good morning, Karen.

0:10:08.679 --> 0:10:10.960
<v Speaker 7>Since news last night of the passing of Pete Rose,

0:10:11.000 --> 0:10:14.200
<v Speaker 7>it's been said by many that he lived a complicated life.

0:10:14.200 --> 0:10:16.960
<v Speaker 7>His playing career was legendary, played in more games than anyone,

0:10:17.040 --> 0:10:20.440
<v Speaker 7>had the most hits four two hundred and fifty six.

0:10:20.520 --> 0:10:22.960
<v Speaker 7>The complication came in the late nineteen eighties, when Rose

0:10:23.040 --> 0:10:25.760
<v Speaker 7>was managing the Cincinnati Reds, the team that he had

0:10:25.760 --> 0:10:28.800
<v Speaker 7>started for. As details of his gambling came out, Rose

0:10:28.840 --> 0:10:31.360
<v Speaker 7>agreed to a lifetime band and the Hall of Fame

0:10:31.800 --> 0:10:35.360
<v Speaker 7>changed its rules to not allow anyone banned to be considered

0:10:35.360 --> 0:10:37.920
<v Speaker 7>for induction. It took Rose fifteen years to finally admit

0:10:38.000 --> 0:10:40.520
<v Speaker 7>that he gambled on baseball. He also served five months

0:10:40.559 --> 0:10:44.040
<v Speaker 7>in prison for tax evasion. Pete Rose Charlie Hustle was

0:10:44.080 --> 0:10:46.640
<v Speaker 7>eighty three. It's been called the greatest regular season game

0:10:46.679 --> 0:10:48.720
<v Speaker 7>in Mets history, and Atlanta needed one win to make

0:10:48.720 --> 0:10:52.160
<v Speaker 7>the playoffs. The Mets shutout for seven innings, scored six runs,

0:10:52.160 --> 0:10:54.360
<v Speaker 7>and the eighth gave up four in the bottom of

0:10:54.360 --> 0:10:56.880
<v Speaker 7>the eighth. The Mets were then two outs from defeat.

0:10:57.679 --> 0:11:00.400
<v Speaker 5>His first pitch to lend Or swear at a fly

0:11:00.559 --> 0:11:03.839
<v Speaker 5>pah Well hit right center, Harris going back. It's on

0:11:04.040 --> 0:11:08.120
<v Speaker 5>the way that is gone. The end of the Brave

0:11:08.320 --> 0:11:15.000
<v Speaker 5>bullpadd and light center field. Francisco Lindor has an emptyp moment.

0:11:15.120 --> 0:11:18.480
<v Speaker 5>Whether he wins water or not, PS just put the

0:11:18.480 --> 0:11:20.880
<v Speaker 5>match back on top eight to seven.

0:11:21.360 --> 0:11:23.520
<v Speaker 7>That was the fun on I was Awi Rose, Metz

0:11:23.600 --> 0:11:25.960
<v Speaker 7>Radio Edwin Diaz gave up the lead in the eighth inning,

0:11:26.000 --> 0:11:28.000
<v Speaker 7>but still got the save of the night. The Braves

0:11:28.040 --> 0:11:30.199
<v Speaker 7>also playoff found as they won the second game of

0:11:30.200 --> 0:11:32.920
<v Speaker 7>the double Hutter three nothing. The postseason begins today. The

0:11:33.000 --> 0:11:35.960
<v Speaker 7>Mets played game one of the best of three in Milwaukee,

0:11:36.360 --> 0:11:37.920
<v Speaker 7>starting at five thirty two Monday.

0:11:37.960 --> 0:11:38.240
<v Speaker 11>Nighters.

0:11:38.240 --> 0:11:40.840
<v Speaker 7>Tennessee won thirty one to twelve at Miami. Both teams

0:11:40.840 --> 0:11:43.920
<v Speaker 7>are one and three. Detroit beat Seattle forty two to

0:11:43.960 --> 0:11:46.720
<v Speaker 7>twenty nine. Both or three and one Lions QB Jared

0:11:46.720 --> 0:11:51.240
<v Speaker 7>gone through eighteen passes completed all eighteen. That's an NFL record.

0:11:51.520 --> 0:11:54.840
<v Speaker 7>Also passing away yesterday NBA Hall of Famer to Kembe Mutumbo,

0:11:54.840 --> 0:11:56.000
<v Speaker 7>who had battled brain cancer.

0:11:56.080 --> 0:11:56.920
<v Speaker 11>He was fifty eight.

0:11:57.280 --> 0:11:59.640
<v Speaker 7>John Stashaway, Bloomberg Sports Karendona.

0:12:00.000 --> 0:12:02.400
<v Speaker 2>All right, John, thank you, and the Bloomberg Sports Update

0:12:02.559 --> 0:12:05.040
<v Speaker 2>is brought to you by Audi. Visit your tri state

0:12:05.080 --> 0:12:07.600
<v Speaker 2>Audi dealer today and get behind the wheel of the

0:12:07.600 --> 0:12:09.480
<v Speaker 2>Audi model you've always wanted.

0:12:12.280 --> 0:12:16.320
<v Speaker 11>Coast to coast on Bloomberg Radio nationwide on Sirius XM,

0:12:16.520 --> 0:12:19.440
<v Speaker 11>and around the world on Bloomberg dot Com and the

0:12:19.480 --> 0:12:20.720
<v Speaker 11>Bloomberg Business app.

0:12:20.920 --> 0:12:22.920
<v Speaker 1>This is Bloomberg Daybreak.

0:12:23.120 --> 0:12:25.640
<v Speaker 3>Good morning, I'm Nathan Hager on the morning before what

0:12:25.760 --> 0:12:28.720
<v Speaker 3>could be the final debate ahead of a presidential election

0:12:28.800 --> 0:12:32.080
<v Speaker 3>that is now just five weeks away. Republican jd Vance

0:12:32.080 --> 0:12:34.960
<v Speaker 3>and Democrat Tim Waltz square off tonight in the CBS

0:12:35.000 --> 0:12:37.960
<v Speaker 3>News vice presidential debate. Ahead of it, we are joined

0:12:37.960 --> 0:12:41.760
<v Speaker 3>by Jennifer Lawless, professor and sheriff politics at the University

0:12:41.880 --> 0:12:45.520
<v Speaker 3>of Virginia. Jennifer, good morning, and just in time for

0:12:45.640 --> 0:12:48.840
<v Speaker 3>this debate, we have a major port strike underway. What

0:12:49.080 --> 0:12:52.959
<v Speaker 3>is the potential of political impact of this port strike

0:12:53.000 --> 0:12:57.720
<v Speaker 3>with the economy front and centers for so many voters, Well.

0:12:57.559 --> 0:12:58.120
<v Speaker 6>Good morning.

0:12:58.640 --> 0:13:02.120
<v Speaker 13>If the strike lasts couple of days, voters probably won't

0:13:02.160 --> 0:13:05.400
<v Speaker 13>feel much. The businesses can pick up the slack, there

0:13:05.440 --> 0:13:08.680
<v Speaker 13>won't be that many layoffs in the transportation industry, and

0:13:08.880 --> 0:13:11.240
<v Speaker 13>things will probably be fine. But if it lasts longer

0:13:11.240 --> 0:13:14.040
<v Speaker 13>than that, people don't need to think back that far

0:13:14.160 --> 0:13:17.199
<v Speaker 13>to the supply chain ishes they remember during the pandemic,

0:13:17.600 --> 0:13:22.400
<v Speaker 13>and that obviously doesn't help the Democrats as people go.

0:13:22.400 --> 0:13:22.960
<v Speaker 1>To the polls.

0:13:23.280 --> 0:13:25.480
<v Speaker 3>Do you expect this to play into the debate with

0:13:25.559 --> 0:13:28.880
<v Speaker 3>an economic focus so much front and center.

0:13:30.600 --> 0:13:34.640
<v Speaker 13>I do, but I also expect both candidates to link

0:13:34.679 --> 0:13:38.360
<v Speaker 13>it to their own economic policies and to provide voters

0:13:38.400 --> 0:13:41.040
<v Speaker 13>with the confidence that they think they need to not

0:13:41.160 --> 0:13:44.920
<v Speaker 13>let this really affect the messaging going into November. What

0:13:45.040 --> 0:13:47.640
<v Speaker 13>makes it difficult, of course, is that we're only within

0:13:47.679 --> 0:13:50.160
<v Speaker 13>the first twenty four hours of the strike, so it's

0:13:50.160 --> 0:13:52.000
<v Speaker 13>hard to know what the future will look like.

0:13:52.440 --> 0:13:56.240
<v Speaker 3>We've heard so much messaging leading up into this debate

0:13:56.360 --> 0:14:00.120
<v Speaker 3>that can fit into really tiny soundbites for both candidates.

0:14:00.120 --> 0:14:02.800
<v Speaker 3>Tim Waltz is called Ja d Vance and former President

0:14:02.840 --> 0:14:07.719
<v Speaker 3>Trump weird. Jd Vance has been talking about Haitian migrants

0:14:07.880 --> 0:14:12.280
<v Speaker 3>eating people's pets. Where do you see this debate going.

0:14:12.640 --> 0:14:15.959
<v Speaker 3>Can it focus on substance or are we going to

0:14:16.040 --> 0:14:18.520
<v Speaker 3>get a fiery personality play tonight.

0:14:20.000 --> 0:14:22.200
<v Speaker 1>I think it'll probably be a little of both.

0:14:22.720 --> 0:14:26.200
<v Speaker 13>Unlike the presidential debates both that Donald Trump had with

0:14:26.320 --> 0:14:29.640
<v Speaker 13>Joe Biden and Kamala Harris, the microphones will not be muted,

0:14:30.040 --> 0:14:33.040
<v Speaker 13>so the candidates will be able to engage with one

0:14:33.040 --> 0:14:35.280
<v Speaker 13>another a little bit more directly than we've seen in

0:14:35.320 --> 0:14:40.080
<v Speaker 13>the past. Moreover, we know that both candidates have been very,

0:14:40.160 --> 0:14:43.720
<v Speaker 13>very outspoken when it comes to their opponents, which means

0:14:43.760 --> 0:14:46.160
<v Speaker 13>that when JD. Vance says something that Tim Walls does

0:14:46.200 --> 0:14:48.280
<v Speaker 13>not like or that he thinks might not resonate with

0:14:48.320 --> 0:14:51.400
<v Speaker 13>the American people, It's likely that Tim Walls will call

0:14:51.480 --> 0:14:54.000
<v Speaker 13>him a name like weird. And when Tim Wall says

0:14:54.000 --> 0:14:57.640
<v Speaker 13>something that JD. Vance thinks is not true or not accurate,

0:14:57.680 --> 0:15:01.120
<v Speaker 13>perhaps regarding his military record, likely that Vance will step

0:15:01.160 --> 0:15:03.520
<v Speaker 13>in and interrupt as well. So my expectation as there

0:15:03.560 --> 0:15:06.920
<v Speaker 13>will be a few more explicit fireworks between the candidates.

0:15:07.280 --> 0:15:10.960
<v Speaker 3>Yeah, the vice presidential candidates tend to act as attack dogs,

0:15:11.000 --> 0:15:13.320
<v Speaker 3>but when you have two candidates like this who are

0:15:13.360 --> 0:15:16.400
<v Speaker 3>so far apart, not just politically but in the polls

0:15:16.560 --> 0:15:18.760
<v Speaker 3>in terms of likability, is there a risk of that

0:15:18.840 --> 0:15:22.680
<v Speaker 3>attack dog role going too far and potentially affecting things

0:15:23.080 --> 0:15:23.600
<v Speaker 3>up ticket.

0:15:25.000 --> 0:15:28.920
<v Speaker 13>Well, it's difficult to see how JD. Vance's popularity could

0:15:29.000 --> 0:15:32.960
<v Speaker 13>go any lower. He's among the most unpopular candidates heading

0:15:32.960 --> 0:15:36.320
<v Speaker 13>into election day that we've ever experienced, and Donald Trump

0:15:36.360 --> 0:15:38.840
<v Speaker 13>really doesn't seem to be taking a hit because of him.

0:15:38.920 --> 0:15:42.080
<v Speaker 13>Voters seem to be able to differentiate Dvance from Trump.

0:15:42.480 --> 0:15:45.280
<v Speaker 13>As far as Tim Walls is concerned, he is very likable,

0:15:45.320 --> 0:15:47.880
<v Speaker 13>so he needs to make sure that he remains affable

0:15:47.960 --> 0:15:50.360
<v Speaker 13>in delivering those attacks, but he's been doing that on

0:15:50.400 --> 0:15:52.920
<v Speaker 13>the campaign trail for several months now and seems to

0:15:53.000 --> 0:15:55.200
<v Speaker 13>understand that role and how to perfect it.

0:15:56.000 --> 0:15:59.200
<v Speaker 3>Just the fact that this could be the last debate

0:15:59.440 --> 0:16:04.920
<v Speaker 3>before the election, does that put more stakes on how

0:16:04.960 --> 0:16:07.960
<v Speaker 3>these candidates need to perform. Tonight got about a minute left.

0:16:08.880 --> 0:16:12.600
<v Speaker 13>Well, the reality is that vice presidential debates typically don't

0:16:12.640 --> 0:16:15.440
<v Speaker 13>decide elections. They usually don't move the needle much at all.

0:16:15.720 --> 0:16:18.280
<v Speaker 13>But this is the last opportunity for the campaigns in

0:16:18.320 --> 0:16:21.720
<v Speaker 13>front of a very large viewing national audience can make

0:16:21.760 --> 0:16:24.800
<v Speaker 13>their case. So my expectation is that Dance is going

0:16:24.840 --> 0:16:28.520
<v Speaker 13>to really hammer home the Trump concern the Trump team's

0:16:28.520 --> 0:16:32.520
<v Speaker 13>concerns about the economy, immigration and crime, and walls. Is

0:16:32.560 --> 0:16:35.320
<v Speaker 13>going to do his best to demonstrate not only that

0:16:35.520 --> 0:16:39.120
<v Speaker 13>Harris Walld administration is different from a Biden Harris administration,

0:16:39.560 --> 0:16:42.360
<v Speaker 13>but also that reproductive rights and civil rights and civil

0:16:42.360 --> 0:16:43.760
<v Speaker 13>liberties are on the ballot.

0:16:43.800 --> 0:16:47.720
<v Speaker 2>On Tuesday, on Election Day, this is Bloombergy Daybreak, your

0:16:47.800 --> 0:16:51.080
<v Speaker 2>morning podcast on the stories making news from Wall Street

0:16:51.120 --> 0:16:52.600
<v Speaker 2>to Washington and beyond.

0:16:52.840 --> 0:16:55.240
<v Speaker 3>Look for us on your podcast feed by six am

0:16:55.280 --> 0:16:58.680
<v Speaker 3>Eastern each morning on Apple, Spotify, or anywhere else you listen.

0:16:58.920 --> 0:17:02.040
<v Speaker 2>You can also listen each morning starting at five am

0:17:02.120 --> 0:17:04.560
<v Speaker 2>Wall Street Time on Bloomberg eleven three to zero in

0:17:04.640 --> 0:17:07.400
<v Speaker 2>New York, Bloomberg in ninety nine to one in Washington,

0:17:07.480 --> 0:17:11.440
<v Speaker 2>Bloomberg ninety two nine in Boston, and nationwide on serious

0:17:11.640 --> 0:17:13.200
<v Speaker 2>XM Channel one twenty one.

0:17:13.560 --> 0:17:16.320
<v Speaker 3>Plus listen coast to coast on the Bloomberg Business app

0:17:16.359 --> 0:17:19.160
<v Speaker 3>now with Apple CarPlay and Android Atto interfaces.

0:17:19.400 --> 0:17:22.400
<v Speaker 2>And don't forget to subscribe to Bloomberg News Now. It's

0:17:22.440 --> 0:17:25.160
<v Speaker 2>the latest news whenever you want it in five minutes

0:17:25.240 --> 0:17:28.360
<v Speaker 2>or less. Search Bloomberg News Now and your favorite podcast

0:17:28.400 --> 0:17:30.639
<v Speaker 2>platform to stay informed all day long.

0:17:30.960 --> 0:17:32.560
<v Speaker 1>I'm Karen Moscow.

0:17:32.359 --> 0:17:34.879
<v Speaker 3>And I'm Nathan Hager. Join us again tomorrow morning for

0:17:34.920 --> 0:17:36.840
<v Speaker 3>all the news you need to start your day right

0:17:36.880 --> 0:17:38.360
<v Speaker 3>here on Bloomberg Day Ray