Speaker 1: Broadcasting live to New York, Bloomberg eleventh Rio to Washington,
Speaker 1: d C, Bloomberg to Boston, Bloomberg twelve hundred to San Francisco,
Speaker 1: Bloomberg to the Country series at JAM Channel one nine team,
Speaker 1: and around the globe the Bloomberg Radio Plus athen Bloomberg
Speaker 1: dot com. This is taking stock on Kathene Hayes along
Speaker 1: with Pam Fox. Markets around not just the United States,
Speaker 1: but around the world will be more riveted than ever
Speaker 1: on the race for the White House in the United States.
Speaker 1: Big news today as a New York representative becomes the
Speaker 1: first Republican member of Congress to back Democratic presidential nominee
Speaker 1: Hillary Clinton, citing his discomfort with GOP standard bear Donald Trump.
Speaker 1: We're going to be speaking to our own Mark Halprin,
Speaker 1: host of Bloomberg Televisions, with all due respect and right
Speaker 1: now let's go to Katherine Cowdery in the Bloomberg news
Speaker 1: room for a Bloomberg Business Flash. Thank you, PIM and Bloomberg.
Speaker 1: Taking Song has brought to you by National Realty Providers
Speaker 1: of one percent satisfaction guaranteed New York City Realty Investments.
Speaker 1: See them at n r i A dot net. This
Speaker 1: dock market is headed for its worst day since it
Speaker 1: sell off following Britain's vote to leave the European Union.
Speaker 1: Retailers are posting their steepest losses in five weeks after
Speaker 1: sluggish income growth in June meant consumers had to tap
Speaker 1: into savings to maintain their pace of spending. Coals and
Speaker 1: Macy's are down at least five point four percent. We
Speaker 1: talk the markets every fifteen minutes throughout the trading day.
Speaker 1: Down Bloomberg Radio down, Industrial averages down one hundred points.
Speaker 1: That's a loss of half a percent, creating at eighteen thousand,
Speaker 1: three hundred four. SMP five foundered down fourteen and a
Speaker 1: half point two thirds of a percent to twenty one
Speaker 1: fifty six, then ask to Act down forty four point
Speaker 1: seven eighths of a percent, trading at fifty one thirty nine.
Speaker 1: Blass Texas intermediate crude oil down fifty cents of barrel
Speaker 1: one point three percent to thirty nine fifty five. Spout
Speaker 1: bowled up twelve dollars seventy cents a ounce to thirteen
Speaker 1: seventy two. Thirty ten year Treasury down for thirty seconds
Speaker 1: with the yeld of one point five three percent Among
Speaker 1: today's top business stories. Most automakers reported us like vehicle sales,
Speaker 1: it fell short of analysts estimates for July. Bloomberg Auto
Speaker 1: editor Jamie Butter says, there are signs at Little gasoline
Speaker 1: prices are affecting and similar's choices. We're still seeing a
Speaker 1: strong bias toward pickups and SUVs. While we did have
Speaker 1: some surprises like FOURD SUVs being down uh this month,
Speaker 1: you know, cars are still down much much worse, much more.
Speaker 1: Forwards cards were down, you know, while their SUVs were
Speaker 1: down almost six. So it's still still a rough market
Speaker 1: for cars. And now let's get an update of some
Speaker 1: of the other stories were following at Bloomberg today. Thank you,
Speaker 1: Catherine from the Bloomberg newsroom. I'm Jill Schneider. This news
Speaker 1: update is brought to you by Blue Jeans Enterprise Video Cloud.
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Speaker 1: blue jeans dot com and click the radio Mike. Blue
Speaker 1: Jeans Work Smarter, Connect Better. New York's top cop is
Speaker 1: stepping down. Police Commissioner Bill Bratton announced his resignation today.
Speaker 1: He will stay on the job until next month. President
Speaker 1: Obama today said Donald Trump is unfit to serve as president.
Speaker 1: The President pointed out many Republicans are distancing themselves from
Speaker 1: statements Trump is making. What does this say about your
Speaker 1: party that this is your standard be Trump responded by
Speaker 1: accusing the president of failed leadership. He also said Mr
Speaker 1: Obama and Hillary Clinton have destabilized the Middle East while
Speaker 1: sending the nation's best jobs overseas. Attorneys for the man
Speaker 1: charged in the June two thousand fifteen killings of nine
Speaker 1: black parishioners at a Charleston, South Carolina church are challenging
Speaker 1: the death penalty in the federal case. Lawyers for Dylan
Speaker 1: Rough say the law is unconstitutional. If it is taken
Speaker 1: off the table, Ruff will plead guilty and spend the
Speaker 1: rest of his life in prison. They're picking up the
Speaker 1: pieces in Ellicott City, Maryland, after of a stating flooding,
Speaker 1: two people were killed, homes were destroyed, and hundreds of
Speaker 1: cars were swept away. This business owner is worried about
Speaker 1: the future. I know it's going to take some time,
Speaker 1: and that's something as a as a store owner. I
Speaker 1: don't know if I had that cottage time. City officials
Speaker 1: a rebuilding could cost hundreds of millions of dollars and
Speaker 1: take many years. Global News twenty four hours a day,
Speaker 1: powered by more than twenty hundred journalists and analysts in
Speaker 1: more than one hundred twenty countries. I'm Jill Schneider. This
Speaker 1: is Bloomberg, Catherine, thank you. Now, let's get a quick
Speaker 1: update of the benchmarks. Down Industrial Average, down one hundred
Speaker 1: points at eighteen thousand, three hundred four smp F I
Speaker 1: foundered down fourteen points at six nastack down forty four
Speaker 1: points at fifty one forty. And that's a Bloomberg business flash.
Speaker 1: You're listening to taking stock with pim Box and Kathleen
Speaker 1: As on Bloomberg Radio. Donald Trump's swipe at the heartbroken
Speaker 1: parents of a Muslim American war hero, kill Ton Rock
Speaker 1: has certainly been dominating the headlines the last few days,
Speaker 1: but perhaps not in the way Mr Trump would have liked. Uh.
Speaker 1: We can see clear signs now that some Republicans in
Speaker 1: Congress are distancing themselves from Donald Trump. As New York
Speaker 1: Representative Richard Hannah became the first Republican member of Congress
Speaker 1: to officially back presidential Democratic presidential nominee Hillary Clinton, saying
Speaker 1: Mr Trump, he is unfit to serve our party and
Speaker 1: cannot lead this country. Well, a man who has been
Speaker 1: tracking this very closely, day in and day out, Mark
Speaker 1: Halpern is with us host of with all due respect,
Speaker 1: which you can see weeknights at five piano on Bloomberg
Speaker 1: TV and you can also catch it on bloom in Washington,
Speaker 1: d C. Mark, welcome back, great great tiving in studio's
Speaker 1: so really here, my friend, Well, I'm wearing shorts and sandals.
Speaker 1: Well I'm anyway, Philadelphia was hot, so I'm sure you
Speaker 1: needed shorts and sandals when you're covering the Democratic Convention. Uh,
Speaker 1: Donald Trump, and let's start with the controversy. Uh, where
Speaker 1: do we stand? It's uh? His some of us most
Speaker 1: art and supporters don't seem to be faced. Well, he
Speaker 1: hasn't talked about it on his own last couple of
Speaker 1: days when he's dealt with the media, and the media
Speaker 1: is still asking about it. The cons have not as
Speaker 1: far as I never done any press today. But you
Speaker 1: still have people reacting. Chris Christie, Who's been one of
Speaker 1: Trump's biggest backers, came out today and, while not directly
Speaker 1: repudiating Trump, explicitly Um made it clear that he wouldn't
Speaker 1: have talked about the cons the way Trump did, So
Speaker 1: you still have, I think a fair amount of interests
Speaker 1: in the media in getting Republicans to react, particularly on camera,
Speaker 1: And you still haven't had Trump given the kind of
Speaker 1: full throaded apology explanation that a lot of people want
Speaker 1: to have. So it's not dominating the way it did yesterday,
Speaker 1: but it's certainly still a big story out there that
Speaker 1: has other shoes to drop on ARC talking about other
Speaker 1: shoes to drop on them, wondering if you could characterize
Speaker 1: the inner workings of the Trump campaign, who's left, who
Speaker 1: got fired, who's running it, and what you expect to happen. Well,
Speaker 1: some relatively middle level I would say officials, not particularly
Speaker 1: well known folks were let go. We're told um sampaign
Speaker 1: saws a lot of growing to do. But most Republicans
Speaker 1: believe two things inside and outside the campaign. One is
Speaker 1: that whether the campaign gets twice as large or three
Speaker 1: times as large as as it as it is now,
Speaker 1: it's never gonna be nearly the size of the Clinton operation.
Speaker 1: And if Trump has a chance to win, it's gonna
Speaker 1: have to be in an unorthodox way. And the other
Speaker 1: is the problems that the Trump campaign has has now
Speaker 1: has now is the problems are big, but the candidate
Speaker 1: is the biggest problem. And until the candidate delivers a
Speaker 1: more consistent message more about Hillary Clinton's problems in the economy,
Speaker 1: less about picking fights with gold star families, it doesn't
Speaker 1: really matter who's working for the campaign or who's not.
Speaker 1: And of course, the poll I think it came out
Speaker 1: maybe even during your show last night, Mark that the
Speaker 1: late's what CNN poll showed that Hillary Clinton has a
Speaker 1: nine point lead now over Donald Trump. We can certainly
Speaker 1: say post convention bounce, but we might also say postcn
Speaker 1: controversy bounce. You just said if Donald Trump apologizes, uh,
Speaker 1: any indications him inside the campaign that is, he looks
Speaker 1: into the final three months of the campaign and thinks,
Speaker 1: what can I do. I gotta step up. I've got
Speaker 1: to maybe make an apology, because that's one of the
Speaker 1: things that seemed to help him earlier in the campaign
Speaker 1: when he said things and didn't back down. This may
Speaker 1: be different. Everyone I've talked to who's in touch with
Speaker 1: him says he's got no interest in apologizing. He feels
Speaker 1: like he was attacked. And remember during the nomination season,
Speaker 1: he said, I'm a counterpuncher. I don't go negative unless
Speaker 1: I'm attacked. There's no doubt from a just chronological point
Speaker 1: of view that the cons initiated this. But continue to
Speaker 1: search my memory banks for all the campaigns I've covered
Speaker 1: for anything like this, for anything like a candidate pursuing extending,
Speaker 1: inflaming a conflict with the gold Star family was just
Speaker 1: such sympathy and where almost no one in his party
Speaker 1: is even halfheartedly defending what he said, Mark, turn your
Speaker 1: attention out of Senate racist because we've got swing states,
Speaker 1: and also the Senate is going to be up for grabs.
Speaker 1: Bernie Sanders going to come out and stump for Democratic
Speaker 1: senators looking to go to Washington. He is in his
Speaker 1: capacity to turn out younger voters, I think will be
Speaker 1: very welcome, particularly take a place like New Hampshire, where
Speaker 1: there's a very competitive Senate race of Republican incumbent Kellyott
Speaker 1: against the governor, Maggie Hassan. The western part of the state,
Speaker 1: the coastal part of the state, has lots of young
Speaker 1: people that the two big college towns, and so I
Speaker 1: think you'll see him very much in demand to come
Speaker 1: in to raise money to extent he's willing to do that.
Speaker 1: He's been kind of hesitant to say, oh how Hillary
Speaker 1: Clint raise money, but if he was want to out
Speaker 1: the Senate candidate, that would be a big lift as
Speaker 1: well as campaigning, particularly again in places like more liberal
Speaker 1: areas in college towns. Tonight, I was all due respect
Speaker 1: who we're going to see and here uh two of
Speaker 1: the best political analysts in America, John Dickerson of CBS
Speaker 1: News got a new book at He'll join us Standballs
Speaker 1: the Washington Post as well as our Pulsar, Polster and Seltzer.
Speaker 1: There's a lot of pulling out this week, and all
Speaker 1: of it has shown pretty much the same thing. Hillary
Speaker 1: Clinton and enjoying a bounce in a lead. Now we're
Speaker 1: going to break down below the number of the margin
Speaker 1: of the lead five to seven points. Where did that?
Speaker 1: Where did she improve? How did she pick up more voters?
Speaker 1: Thank you very much, Mark Halprin. He is the co
Speaker 1: host of with all due respect, co managing editor of
Speaker 1: Bloomberg Politics weeknights five pm on Bloomberg Television and Bloomberg
Speaker 1: in Washington, d C. This is taking stock. I'm pim Fox,
Speaker 1: my co host Kathleen Hayes. This is Bloomberg. Japan's government
Speaker 1: bond market is suffering its worst route since twenty thirteen,
Speaker 1: disappointment over the Bank of Japan last week and more.
Speaker 1: Is this a time to look at Japanese equities? We're
Speaker 1: going to find out