WEBVTT - Bloomberg's Halperin on Trump's Ongoing Fight with Khans(Audio)

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

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

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<v Speaker 1>Bloomberg to the Country series at JAM Channel one nine team,

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<v Speaker 1>and around the globe the Bloomberg Radio Plus athen Bloomberg

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<v Speaker 1>dot com. This is taking stock on Kathene Hayes along

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<v Speaker 1>with Pam Fox. Markets around not just the United States,

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<v Speaker 1>but around the world will be more riveted than ever

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<v Speaker 1>on the race for the White House in the United States.

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<v Speaker 1>Big news today as a New York representative becomes the

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<v Speaker 1>first Republican member of Congress to back Democratic presidential nominee

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<v Speaker 1>Hillary Clinton, citing his discomfort with GOP standard bear Donald Trump.

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<v Speaker 1>We're going to be speaking to our own Mark Halprin,

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<v Speaker 1>host of Bloomberg Televisions, with all due respect and right

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<v Speaker 1>now let's go to Katherine Cowdery in the Bloomberg news

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<v Speaker 1>room for a Bloomberg Business Flash. Thank you, PIM and Bloomberg.

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<v Speaker 1>Taking Song has brought to you by National Realty Providers

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<v Speaker 1>of one percent satisfaction guaranteed New York City Realty Investments.

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<v Speaker 1>See them at n r i A dot net. This

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<v Speaker 1>dock market is headed for its worst day since it

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<v Speaker 1>sell off following Britain's vote to leave the European Union.

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<v Speaker 1>Retailers are posting their steepest losses in five weeks after

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<v Speaker 1>sluggish income growth in June meant consumers had to tap

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<v Speaker 1>into savings to maintain their pace of spending. Coals and

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<v Speaker 1>Macy's are down at least five point four percent. We

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<v Speaker 1>talk the markets every fifteen minutes throughout the trading day.

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<v Speaker 1>Down Bloomberg Radio down, Industrial averages down one hundred points.

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<v Speaker 1>That's a loss of half a percent, creating at eighteen thousand,

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<v Speaker 1>three hundred four. SMP five foundered down fourteen and a

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<v Speaker 1>half point two thirds of a percent to twenty one

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<v Speaker 1>fifty six, then ask to Act down forty four point

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<v Speaker 1>seven eighths of a percent, trading at fifty one thirty nine.

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<v Speaker 1>Blass Texas intermediate crude oil down fifty cents of barrel

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<v Speaker 1>one point three percent to thirty nine fifty five. Spout

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<v Speaker 1>bowled up twelve dollars seventy cents a ounce to thirteen

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<v Speaker 1>seventy two. Thirty ten year Treasury down for thirty seconds

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<v Speaker 1>with the yeld of one point five three percent Among

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<v Speaker 1>today's top business stories. Most automakers reported us like vehicle sales,

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<v Speaker 1>it fell short of analysts estimates for July. Bloomberg Auto

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<v Speaker 1>editor Jamie Butter says, there are signs at Little gasoline

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<v Speaker 1>prices are affecting and similar's choices. We're still seeing a

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<v Speaker 1>strong bias toward pickups and SUVs. While we did have

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<v Speaker 1>some surprises like FOURD SUVs being down uh this month,

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<v Speaker 1>you know, cars are still down much much worse, much more.

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<v Speaker 1>Forwards cards were down, you know, while their SUVs were

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<v Speaker 1>down almost six. So it's still still a rough market

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<v Speaker 1>for cars. And now let's get an update of some

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<v Speaker 1>of the other stories were following at Bloomberg today. Thank you,

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

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<v Speaker 1>update is brought to you by Blue Jeans Enterprise Video Cloud.

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<v Speaker 1>See faces, Emotions, Energy, see the people your team's video

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<v Speaker 1>from any device. Start a free thirty day trial at

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<v Speaker 1>blue jeans dot com and click the radio Mike. Blue

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<v Speaker 1>Jeans Work Smarter, Connect Better. New York's top cop is

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<v Speaker 1>stepping down. Police Commissioner Bill Bratton announced his resignation today.

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<v Speaker 1>He will stay on the job until next month. President

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<v Speaker 1>Obama today said Donald Trump is unfit to serve as president.

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<v Speaker 1>The President pointed out many Republicans are distancing themselves from

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<v Speaker 1>statements Trump is making. What does this say about your

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<v Speaker 1>party that this is your standard be Trump responded by

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<v Speaker 1>accusing the president of failed leadership. He also said Mr

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<v Speaker 1>Obama and Hillary Clinton have destabilized the Middle East while

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<v Speaker 1>sending the nation's best jobs overseas. Attorneys for the man

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<v Speaker 1>charged in the June two thousand fifteen killings of nine

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<v Speaker 1>black parishioners at a Charleston, South Carolina church are challenging

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<v Speaker 1>the death penalty in the federal case. Lawyers for Dylan

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<v Speaker 1>Rough say the law is unconstitutional. If it is taken

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<v Speaker 1>off the table, Ruff will plead guilty and spend the

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<v Speaker 1>rest of his life in prison. They're picking up the

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<v Speaker 1>pieces in Ellicott City, Maryland, after of a stating flooding,

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<v Speaker 1>two people were killed, homes were destroyed, and hundreds of

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<v Speaker 1>cars were swept away. This business owner is worried about

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<v Speaker 1>the future. I know it's going to take some time,

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<v Speaker 1>and that's something as a as a store owner. I

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<v Speaker 1>don't know if I had that cottage time. City officials

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<v Speaker 1>a rebuilding could cost hundreds of millions of dollars and

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<v Speaker 1>take many years. Global News twenty four hours a day,

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<v Speaker 1>powered by more than twenty hundred journalists and analysts in

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<v Speaker 1>more than one hundred twenty countries. I'm Jill Schneider. This

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<v Speaker 1>is Bloomberg, Catherine, thank you. Now, let's get a quick

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<v Speaker 1>update of the benchmarks. Down Industrial Average, down one hundred

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<v Speaker 1>points at eighteen thousand, three hundred four smp F I

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<v Speaker 1>foundered down fourteen points at six nastack down forty four

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<v Speaker 1>points at fifty one forty. And that's a Bloomberg business flash.

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<v Speaker 1>You're listening to taking stock with pim Box and Kathleen

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<v Speaker 1>As on Bloomberg Radio. Donald Trump's swipe at the heartbroken

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<v Speaker 1>parents of a Muslim American war hero, kill Ton Rock

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<v Speaker 1>has certainly been dominating the headlines the last few days,

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<v Speaker 1>but perhaps not in the way Mr Trump would have liked. Uh.

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<v Speaker 1>We can see clear signs now that some Republicans in

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<v Speaker 1>Congress are distancing themselves from Donald Trump. As New York

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<v Speaker 1>Representative Richard Hannah became the first Republican member of Congress

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<v Speaker 1>to officially back presidential Democratic presidential nominee Hillary Clinton, saying

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<v Speaker 1>Mr Trump, he is unfit to serve our party and

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<v Speaker 1>cannot lead this country. Well, a man who has been

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<v Speaker 1>tracking this very closely, day in and day out, Mark

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<v Speaker 1>Halpern is with us host of with all due respect,

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<v Speaker 1>which you can see weeknights at five piano on Bloomberg

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<v Speaker 1>TV and you can also catch it on bloom in Washington,

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<v Speaker 1>d C. Mark, welcome back, great great tiving in studio's

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<v Speaker 1>so really here, my friend, Well, I'm wearing shorts and sandals.

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<v Speaker 1>Well I'm anyway, Philadelphia was hot, so I'm sure you

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<v Speaker 1>needed shorts and sandals when you're covering the Democratic Convention. Uh,

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<v Speaker 1>Donald Trump, and let's start with the controversy. Uh, where

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<v Speaker 1>do we stand? It's uh? His some of us most

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<v Speaker 1>art and supporters don't seem to be faced. Well, he

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<v Speaker 1>hasn't talked about it on his own last couple of

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<v Speaker 1>days when he's dealt with the media, and the media

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<v Speaker 1>is still asking about it. The cons have not as

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<v Speaker 1>far as I never done any press today. But you

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<v Speaker 1>still have people reacting. Chris Christie, Who's been one of

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<v Speaker 1>Trump's biggest backers, came out today and, while not directly

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<v Speaker 1>repudiating Trump, explicitly Um made it clear that he wouldn't

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<v Speaker 1>have talked about the cons the way Trump did, So

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<v Speaker 1>you still have, I think a fair amount of interests

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<v Speaker 1>in the media in getting Republicans to react, particularly on camera,

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<v Speaker 1>And you still haven't had Trump given the kind of

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<v Speaker 1>full throaded apology explanation that a lot of people want

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<v Speaker 1>to have. So it's not dominating the way it did yesterday,

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<v Speaker 1>but it's certainly still a big story out there that

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<v Speaker 1>has other shoes to drop on ARC talking about other

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<v Speaker 1>shoes to drop on them, wondering if you could characterize

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<v Speaker 1>the inner workings of the Trump campaign, who's left, who

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<v Speaker 1>got fired, who's running it, and what you expect to happen. Well,

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<v Speaker 1>some relatively middle level I would say officials, not particularly

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<v Speaker 1>well known folks were let go. We're told um sampaign

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<v Speaker 1>saws a lot of growing to do. But most Republicans

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<v Speaker 1>believe two things inside and outside the campaign. One is

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<v Speaker 1>that whether the campaign gets twice as large or three

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<v Speaker 1>times as large as as it as it is now,

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<v Speaker 1>it's never gonna be nearly the size of the Clinton operation.

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<v Speaker 1>And if Trump has a chance to win, it's gonna

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<v Speaker 1>have to be in an unorthodox way. And the other

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<v Speaker 1>is the problems that the Trump campaign has has now

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<v Speaker 1>has now is the problems are big, but the candidate

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<v Speaker 1>is the biggest problem. And until the candidate delivers a

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<v Speaker 1>more consistent message more about Hillary Clinton's problems in the economy,

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<v Speaker 1>less about picking fights with gold star families, it doesn't

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<v Speaker 1>really matter who's working for the campaign or who's not.

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<v Speaker 1>And of course, the poll I think it came out

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<v Speaker 1>maybe even during your show last night, Mark that the

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<v Speaker 1>late's what CNN poll showed that Hillary Clinton has a

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<v Speaker 1>nine point lead now over Donald Trump. We can certainly

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<v Speaker 1>say post convention bounce, but we might also say postcn

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<v Speaker 1>controversy bounce. You just said if Donald Trump apologizes, uh,

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<v Speaker 1>any indications him inside the campaign that is, he looks

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<v Speaker 1>into the final three months of the campaign and thinks,

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<v Speaker 1>what can I do. I gotta step up. I've got

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<v Speaker 1>to maybe make an apology, because that's one of the

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<v Speaker 1>things that seemed to help him earlier in the campaign

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<v Speaker 1>when he said things and didn't back down. This may

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<v Speaker 1>be different. Everyone I've talked to who's in touch with

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<v Speaker 1>him says he's got no interest in apologizing. He feels

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<v Speaker 1>like he was attacked. And remember during the nomination season,

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<v Speaker 1>he said, I'm a counterpuncher. I don't go negative unless

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<v Speaker 1>I'm attacked. There's no doubt from a just chronological point

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<v Speaker 1>of view that the cons initiated this. But continue to

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<v Speaker 1>search my memory banks for all the campaigns I've covered

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<v Speaker 1>for anything like this, for anything like a candidate pursuing extending,

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<v Speaker 1>inflaming a conflict with the gold Star family was just

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<v Speaker 1>such sympathy and where almost no one in his party

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<v Speaker 1>is even halfheartedly defending what he said, Mark, turn your

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<v Speaker 1>attention out of Senate racist because we've got swing states,

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<v Speaker 1>and also the Senate is going to be up for grabs.

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<v Speaker 1>Bernie Sanders going to come out and stump for Democratic

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<v Speaker 1>senators looking to go to Washington. He is in his

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<v Speaker 1>capacity to turn out younger voters, I think will be

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<v Speaker 1>very welcome, particularly take a place like New Hampshire, where

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<v Speaker 1>there's a very competitive Senate race of Republican incumbent Kellyott

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<v Speaker 1>against the governor, Maggie Hassan. The western part of the state,

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<v Speaker 1>the coastal part of the state, has lots of young

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<v Speaker 1>people that the two big college towns, and so I

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<v Speaker 1>think you'll see him very much in demand to come

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<v Speaker 1>in to raise money to extent he's willing to do that.

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<v Speaker 1>He's been kind of hesitant to say, oh how Hillary

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<v Speaker 1>Clint raise money, but if he was want to out

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<v Speaker 1>the Senate candidate, that would be a big lift as

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<v Speaker 1>well as campaigning, particularly again in places like more liberal

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<v Speaker 1>areas in college towns. Tonight, I was all due respect

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<v Speaker 1>who we're going to see and here uh two of

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<v Speaker 1>the best political analysts in America, John Dickerson of CBS

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<v Speaker 1>News got a new book at He'll join us Standballs

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<v Speaker 1>the Washington Post as well as our Pulsar, Polster and Seltzer.

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<v Speaker 1>There's a lot of pulling out this week, and all

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<v Speaker 1>of it has shown pretty much the same thing. Hillary

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<v Speaker 1>Clinton and enjoying a bounce in a lead. Now we're

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<v Speaker 1>going to break down below the number of the margin

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<v Speaker 1>of the lead five to seven points. Where did that?

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<v Speaker 1>Where did she improve? How did she pick up more voters?

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<v Speaker 1>Thank you very much, Mark Halprin. He is the co

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<v Speaker 1>host of with all due respect, co managing editor of

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<v Speaker 1>Bloomberg Politics weeknights five pm on Bloomberg Television and Bloomberg

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<v Speaker 1>in Washington, d C. This is taking stock. I'm pim Fox,

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<v Speaker 1>my co host Kathleen Hayes. This is Bloomberg. Japan's government

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<v Speaker 1>bond market is suffering its worst route since twenty thirteen,

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<v Speaker 1>disappointment over the Bank of Japan last week and more.

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<v Speaker 1>Is this a time to look at Japanese equities? We're

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<v Speaker 1>going to find out