1 00:00:04,000 --> 00:00:09,160 Speaker 1: Broadcasting live to New York, Bloomberg Washington, d C, bloom 2 00:00:10,280 --> 00:00:14,960 Speaker 1: to Boston, Bloomberg Well unders to San Francisco, Bloomberg to 3 00:00:15,080 --> 00:00:19,840 Speaker 1: the Country General one, and around the globe the Bloomberg 4 00:00:19,920 --> 00:00:23,840 Speaker 1: Radio Plaza and Bloomberg dot Com. This is taking Stock 5 00:00:24,760 --> 00:00:29,080 Speaker 1: coming up on taking Stock Donald Trump, Hillary Clinton. They 6 00:00:29,160 --> 00:00:33,519 Speaker 1: are deadlocked in a Bloomberg pole just hours before their 7 00:00:33,600 --> 00:00:37,280 Speaker 1: debate at Hofstra University. We're going to take a look 8 00:00:37,320 --> 00:00:42,199 Speaker 1: at the issues and also the potential for performance damage 9 00:00:42,280 --> 00:00:45,320 Speaker 1: when it comes to the debates. Well, Dan Fuss of 10 00:00:45,360 --> 00:00:47,560 Speaker 1: Loomis Sales, who's going to be on our special show 11 00:00:47,640 --> 00:00:50,360 Speaker 1: Here to Daisy, broadcast live from Eisener Amper here in 12 00:00:50,360 --> 00:00:53,479 Speaker 1: New York City, said that there's a fear trade, a 13 00:00:53,520 --> 00:00:55,720 Speaker 1: safety bid in the bond market right now. Pian bonds 14 00:00:55,760 --> 00:00:57,680 Speaker 1: a rowling, and people are worried about the outcome of 15 00:00:57,720 --> 00:01:00,160 Speaker 1: this debate. So let's get right to it. Back see 16 00:01:00,200 --> 00:01:02,440 Speaker 1: Charlie Pellett in the Bloomberg news room with a Bloomberg 17 00:01:02,480 --> 00:01:05,200 Speaker 1: Business Flash, and I thank you very much, Kathleen Hayes, 18 00:01:05,280 --> 00:01:07,520 Speaker 1: and thank you Pim Fox. We've got the dal the 19 00:01:07,720 --> 00:01:11,039 Speaker 1: SMP Nez Stack all Trading lawer at or near session 20 00:01:11,120 --> 00:01:14,240 Speaker 1: lows right now bouncing along the bottom with the SMP 21 00:01:14,360 --> 00:01:19,119 Speaker 1: down six, a drop there of seven tenths of one percent. 22 00:01:19,520 --> 00:01:22,040 Speaker 1: A story we Are Washington Day involves Twitter and the 23 00:01:22,080 --> 00:01:24,840 Speaker 1: Walt Disney Company. People familiar with the matters say the 24 00:01:24,840 --> 00:01:28,480 Speaker 1: Walt Disney Company is working with a financial advisor to 25 00:01:28,640 --> 00:01:32,679 Speaker 1: evaluate a possible bid for Twitter. Representatives for Twitter and 26 00:01:32,760 --> 00:01:36,640 Speaker 1: Disney did not immediately respond to requests for comments. Disney 27 00:01:36,680 --> 00:01:39,520 Speaker 1: shares there down one and a half percent. Twitter shares 28 00:01:39,560 --> 00:01:42,240 Speaker 1: they are up by eight tenths of one percent. Now, Disney, 29 00:01:42,400 --> 00:01:44,440 Speaker 1: if it does decide to make a bid, would be 30 00:01:44,480 --> 00:01:48,920 Speaker 1: able to help the company further it's video streaming media strategy. 31 00:01:49,160 --> 00:01:53,880 Speaker 1: Allian's Global Investors Chief investment Officer Andreas Ottoman says the 32 00:01:53,920 --> 00:01:56,520 Speaker 1: German government will have to bail out Deutsche Bank if 33 00:01:56,560 --> 00:02:00,040 Speaker 1: it's financial situation gets bad enough. Jonathan Tye is the 34 00:02:00,120 --> 00:02:03,400 Speaker 1: senior analyst for EU Banks with Bloomberg Intelligence in London, 35 00:02:03,680 --> 00:02:06,400 Speaker 1: and he was interviewed this morning on Bloomberg Television. So 36 00:02:06,440 --> 00:02:08,960 Speaker 1: the concerns about additional tier one, of course, if you've 37 00:02:09,000 --> 00:02:12,320 Speaker 1: got fourteen billion as a starting point, by the DJ, 38 00:02:13,160 --> 00:02:15,640 Speaker 1: who knows, maybe he gets similar to the Weppen in 39 00:02:15,639 --> 00:02:17,680 Speaker 1: the US and it comes down to six, seven or eight. 40 00:02:18,000 --> 00:02:20,040 Speaker 1: But you've got a bank that consensus says we'll only 41 00:02:20,040 --> 00:02:22,880 Speaker 1: make a billion this year down from it it's expected 42 00:02:22,960 --> 00:02:25,480 Speaker 1: three billion of the start of this year. Who knows 43 00:02:25,480 --> 00:02:27,680 Speaker 1: it may be lost making again this. He wouldn't be surprising. 44 00:02:28,080 --> 00:02:31,480 Speaker 1: Capital's going the wrong way. Um, it's very difficult to 45 00:02:31,520 --> 00:02:34,280 Speaker 1: see where this stopped. And we do have shares of 46 00:02:34,320 --> 00:02:37,560 Speaker 1: Deutsche Bank trading Laura now by seven point two percent. 47 00:02:38,040 --> 00:02:40,640 Speaker 1: It is to thirty two on Wall Street. Now, let's 48 00:02:40,680 --> 00:02:42,720 Speaker 1: take a look at other news from around the world 49 00:02:42,840 --> 00:02:46,639 Speaker 1: on Bloomberg Radio. Thank you, Charlie from the Bloomberg News Room. 50 00:02:46,680 --> 00:02:49,320 Speaker 1: I'm Rami in Asensio. This news update is brought to 51 00:02:49,320 --> 00:02:51,839 Speaker 1: you by Audie. Don't let someone else drive off any 52 00:02:51,840 --> 00:02:55,120 Speaker 1: Audi model you've always wanted. Visit to try state Audi 53 00:02:55,160 --> 00:02:58,200 Speaker 1: dealer to get behind the wheel of yours. Today, on 54 00:02:58,280 --> 00:03:01,520 Speaker 1: the day before their big debate, both presidential nominees privately 55 00:03:01,560 --> 00:03:04,240 Speaker 1: met with Israeli Prime Minister Benjamin and Yahoo in New 56 00:03:04,280 --> 00:03:07,400 Speaker 1: York City. Bloomberg's Michael Barr has more from New York. 57 00:03:07,639 --> 00:03:12,200 Speaker 1: Democratic presidential nominee Hillary Clinton says a strong and secure 58 00:03:12,240 --> 00:03:15,760 Speaker 1: Israel is vital to the United States. After the meeting, 59 00:03:15,800 --> 00:03:19,880 Speaker 1: Clinton's campaign said that she reaffirmed her own waivering commitment 60 00:03:19,960 --> 00:03:23,639 Speaker 1: to US Israel relations, including her support for the new 61 00:03:23,639 --> 00:03:27,560 Speaker 1: military aid agreement reached earlier this month. Donald Trump met 62 00:03:27,560 --> 00:03:29,480 Speaker 1: with the net in Yahoo for more than an hour 63 00:03:29,600 --> 00:03:33,280 Speaker 1: at the Trump Tower, According to Israeli and campaign officials. 64 00:03:33,639 --> 00:03:37,720 Speaker 1: Trump's campaign says the Republican presidential candidate discussed at length 65 00:03:38,080 --> 00:03:42,360 Speaker 1: Israel's successful experience with a security fence that helped secure 66 00:03:42,440 --> 00:03:46,840 Speaker 1: its borders. Michael Barr, Bloomberg Radio. More than eight hundred 67 00:03:46,840 --> 00:03:51,440 Speaker 1: Hofstra University students will get a unique educational experience tonight. 68 00:03:51,680 --> 00:03:54,360 Speaker 1: They'll work as volunteers as a school place host to 69 00:03:54,440 --> 00:03:57,880 Speaker 1: this year's first presidential debate, and you can join us 70 00:03:57,880 --> 00:04:00,400 Speaker 1: tonight for live carverage and analysis of the pre preidential 71 00:04:00,440 --> 00:04:03,160 Speaker 1: debate beginning at seven pm Wall Street time on Bloomberg 72 00:04:03,240 --> 00:04:07,200 Speaker 1: Radio and eight thirty pm on Bloomberg Television. And A 73 00:04:07,200 --> 00:04:11,240 Speaker 1: disgruntled lawyer who had numerous weapons randomly shot at drivers 74 00:04:11,240 --> 00:04:14,560 Speaker 1: in the Houston neighborhood this morning, hitting six people, won 75 00:04:14,600 --> 00:04:17,880 Speaker 1: critically before he was shot and killed by police. Another 76 00:04:17,960 --> 00:04:21,640 Speaker 1: three people had injuries from glass or debris. Global news 77 00:04:21,640 --> 00:04:24,480 Speaker 1: twenty four hours a day, powered by more than journalists 78 00:04:24,480 --> 00:04:27,799 Speaker 1: and analysts in more than one twenty countries. I'm Ramie 79 00:04:27,839 --> 00:04:31,279 Speaker 1: in Essensio. This is Bloomberg, Charlie, and we thank you 80 00:04:31,279 --> 00:04:34,760 Speaker 1: and again recapping equities lawer the SMP five hundred index 81 00:04:34,800 --> 00:04:37,520 Speaker 1: down sixteen, a drop of seven tenths of one percent. 82 00:04:37,839 --> 00:04:41,280 Speaker 1: Gold little Change down thirty thirty cents. The ounce now 83 00:04:41,360 --> 00:04:44,840 Speaker 1: to thirteen thirty seven. I'm Charlie Pellett. That's a Bloomberg 84 00:04:44,880 --> 00:04:50,760 Speaker 1: business flash. You're listening to taking Stock with pim Box 85 00:04:50,760 --> 00:04:56,800 Speaker 1: and Japolene Hayes on Bloomberg Radio six hours, twenty five minutes, 86 00:04:56,880 --> 00:05:02,000 Speaker 1: twenty seconds. Donald and Trump, Hillary Clinton, the debate, and 87 00:05:02,080 --> 00:05:04,680 Speaker 1: now that debate before the debate. Here to tell us 88 00:05:04,760 --> 00:05:08,120 Speaker 1: more is Mark Niquette. He is our Politics and national 89 00:05:08,200 --> 00:05:12,440 Speaker 1: Government reporter for Bloomberg News, and he joins us. Now, Mark, 90 00:05:12,839 --> 00:05:15,320 Speaker 1: this is an industry in and of itself. It is 91 00:05:15,360 --> 00:05:19,280 Speaker 1: not just the actual event, but it's the event around 92 00:05:19,320 --> 00:05:23,719 Speaker 1: the event. I heard that, for example, Chris Matthews, he 93 00:05:23,880 --> 00:05:28,400 Speaker 1: was broadcasting from the event site at Hofstra University last 94 00:05:28,520 --> 00:05:32,599 Speaker 1: night to get people excited and interested. Right then, we 95 00:05:32,640 --> 00:05:36,000 Speaker 1: also have the expectations game being played, where both sides 96 00:05:36,080 --> 00:05:39,760 Speaker 1: try to give themselves an advantage by either lowering or 97 00:05:39,800 --> 00:05:42,160 Speaker 1: raising the bar, or whatever the case may be. You know, 98 00:05:42,600 --> 00:05:44,920 Speaker 1: the thought is that Hillary Clinton comes into the debate 99 00:05:45,000 --> 00:05:48,560 Speaker 1: with UH an advantage, or at least polls, including one 100 00:05:48,560 --> 00:05:52,200 Speaker 1: Bloomberg Politics as out today suggest people think she's going 101 00:05:52,240 --> 00:05:54,800 Speaker 1: to win a debate, and she's trying to put the 102 00:05:55,960 --> 00:05:58,919 Speaker 1: audience and fact checkers on note that anything that Donald 103 00:05:58,920 --> 00:06:01,719 Speaker 1: Trump says that might not be true should be called 104 00:06:01,760 --> 00:06:04,960 Speaker 1: out immediately. Well, you know, Mark, it's interesting than anybody 105 00:06:04,960 --> 00:06:07,120 Speaker 1: think you had to do anything extra drum up interest 106 00:06:07,320 --> 00:06:10,240 Speaker 1: in this presidential debate to I would guess that this 107 00:06:10,320 --> 00:06:14,120 Speaker 1: is probably gonna be the most watched ever. Donald Trump 108 00:06:14,279 --> 00:06:19,880 Speaker 1: inspires great enthusiasm from his supporters and great antipathy from 109 00:06:19,880 --> 00:06:21,640 Speaker 1: those who the last thing they want to see is 110 00:06:21,760 --> 00:06:24,840 Speaker 1: him in the White House. And then of course he's 111 00:06:24,880 --> 00:06:27,880 Speaker 1: had many instances where he said things that were inflammatory, 112 00:06:27,880 --> 00:06:29,720 Speaker 1: where some people thought he put his foot in his mouth, 113 00:06:29,960 --> 00:06:31,520 Speaker 1: and I think a lot of people it's like they're 114 00:06:31,839 --> 00:06:34,320 Speaker 1: like they're going to the surface almost waiting to see 115 00:06:34,360 --> 00:06:36,919 Speaker 1: just what happens. Is Donald Trump hold it together or 116 00:06:36,960 --> 00:06:41,160 Speaker 1: does he explode exactly. Have heard other analogies like car 117 00:06:41,240 --> 00:06:43,599 Speaker 1: wreck or rubber nicking, and you see things like that. 118 00:06:43,920 --> 00:06:45,839 Speaker 1: But I think, you know, there is intense interest and 119 00:06:45,920 --> 00:06:47,680 Speaker 1: a lot of it does have to do with with 120 00:06:47,839 --> 00:06:51,719 Speaker 1: Trump and sort of the unpredictability factor, but also because 121 00:06:51,720 --> 00:06:53,400 Speaker 1: of the nature of this race. I mean, it's a 122 00:06:53,480 --> 00:06:56,520 Speaker 1: it's a close race. Um, it's the poles are shown, 123 00:06:56,560 --> 00:06:58,640 Speaker 1: it's tightened in the in the recent weeks, which just 124 00:06:58,760 --> 00:07:02,800 Speaker 1: drives up the interest and importance I think, but also 125 00:07:02,839 --> 00:07:05,840 Speaker 1: people just wanting to see, you know, some cues from 126 00:07:05,880 --> 00:07:09,840 Speaker 1: these candidates. You know, the polls show they're both very disliked. 127 00:07:10,120 --> 00:07:12,440 Speaker 1: I think voters, you know, maybe if they're not in 128 00:07:12,800 --> 00:07:15,240 Speaker 1: favor of one candidate for sure and not sure about 129 00:07:15,280 --> 00:07:17,400 Speaker 1: the other, we'll be looking to see, you know, whether 130 00:07:17,400 --> 00:07:19,840 Speaker 1: they get cues that can get them comfortable with the candidate. 131 00:07:20,080 --> 00:07:21,400 Speaker 1: You know, a lot of people are looking to Donald 132 00:07:21,440 --> 00:07:23,600 Speaker 1: Trump to see if he can show kind of the 133 00:07:23,640 --> 00:07:27,760 Speaker 1: substance or temperament that folks might be questioning the lax. 134 00:07:28,360 --> 00:07:30,360 Speaker 1: Folks might be looking at Hillary Clinton to see issue 135 00:07:30,480 --> 00:07:34,080 Speaker 1: has sort of a relatability factor or trustworthiness that polls 136 00:07:34,120 --> 00:07:37,559 Speaker 1: show that some people don't mark we've got what about 137 00:07:37,560 --> 00:07:42,240 Speaker 1: forty forty two days and counting until the election, at 138 00:07:42,320 --> 00:07:45,000 Speaker 1: least the election day, because a lot of people have 139 00:07:45,080 --> 00:07:48,120 Speaker 1: may be sending in their ballots early. Um, any idea 140 00:07:48,280 --> 00:07:51,600 Speaker 1: of the electoral college split, I mean, I I see 141 00:07:51,640 --> 00:07:55,840 Speaker 1: things that where you've got Clinton blue states two electoral 142 00:07:56,080 --> 00:07:58,920 Speaker 1: votes with Donald Trump read states one sixty three and 143 00:07:58,960 --> 00:08:02,400 Speaker 1: one seventy five for grabs. Well, and then you'll see 144 00:08:02,480 --> 00:08:05,360 Speaker 1: different projections depending on who's making and who's putting what 145 00:08:05,520 --> 00:08:08,160 Speaker 1: states into what column. Um, But I think it's fair 146 00:08:08,200 --> 00:08:12,000 Speaker 1: to say that this debate tonight could help change those maps. Um. 147 00:08:12,040 --> 00:08:14,480 Speaker 1: You know, there's a sense that you know, the support 148 00:08:14,520 --> 00:08:17,360 Speaker 1: that poles show for both candidates of their softs that 149 00:08:17,920 --> 00:08:20,600 Speaker 1: you know, a big moment in a debate, but tonight 150 00:08:20,720 --> 00:08:23,440 Speaker 1: can can help change some minds. And clearly there is 151 00:08:23,480 --> 00:08:26,640 Speaker 1: a segment of the population, you know, between three and 152 00:08:26,680 --> 00:08:29,080 Speaker 1: ten percents of the polls suggests that are undecided that 153 00:08:29,160 --> 00:08:31,600 Speaker 1: really don't know who to vote for. Either they can't 154 00:08:31,600 --> 00:08:33,480 Speaker 1: decide in from the two, or they dislike two of 155 00:08:33,520 --> 00:08:36,120 Speaker 1: them and uh, you know, haven't figured out which one 156 00:08:36,160 --> 00:08:38,320 Speaker 1: they disliked the least. So you know, this is a 157 00:08:38,360 --> 00:08:41,439 Speaker 1: lot of anticipation that tonight's debate could help change that 158 00:08:41,520 --> 00:08:43,880 Speaker 1: electoral math, or at least change in there as we 159 00:08:43,880 --> 00:08:47,040 Speaker 1: had a final points days in the campaign. So Mark, 160 00:08:47,280 --> 00:08:51,400 Speaker 1: what has the Bloomberg Politics and Government team have been 161 00:08:51,440 --> 00:08:54,680 Speaker 1: able to discern from the two campaigns? I remember after 162 00:08:55,320 --> 00:09:02,520 Speaker 1: um the during the the conventions in uh the Democrats 163 00:09:02,559 --> 00:09:05,640 Speaker 1: had the Muslim American family whose son, their son from 164 00:09:05,640 --> 00:09:08,200 Speaker 1: the military had been killed that I read this piece. 165 00:09:08,600 --> 00:09:12,240 Speaker 1: Maybe he was online about how cleverly the Clinton camp 166 00:09:12,280 --> 00:09:15,800 Speaker 1: had played Donald Trump to provoke him and get him 167 00:09:15,800 --> 00:09:19,199 Speaker 1: to lose his cool, almost like she was a matador, 168 00:09:19,360 --> 00:09:22,160 Speaker 1: you know, effectively manipulating the bull. Have you heard anything 169 00:09:22,200 --> 00:09:24,280 Speaker 1: about the Clinton camp trying to do something like that tonight? 170 00:09:25,520 --> 00:09:28,280 Speaker 1: Not directly from the Clinton camp, the cards pretty close 171 00:09:28,320 --> 00:09:30,520 Speaker 1: to the best, but there is widespread circulation that that 172 00:09:30,520 --> 00:09:33,640 Speaker 1: will be a tactic or a strategy. Um one of 173 00:09:33,640 --> 00:09:36,000 Speaker 1: the goals I think that the Clinton campaign will want 174 00:09:36,000 --> 00:09:38,840 Speaker 1: to have for this debate is to deal show that 175 00:09:39,280 --> 00:09:42,920 Speaker 1: Donald Trump, you know, somehow lacks the temperament or you know, 176 00:09:43,040 --> 00:09:46,319 Speaker 1: the qualifications to be president commander in chief. This is 177 00:09:46,360 --> 00:09:48,839 Speaker 1: a case that Segretary Clint has been trying to make 178 00:09:48,880 --> 00:09:51,800 Speaker 1: on the campaign trail and then her commercial advertising. So 179 00:09:51,840 --> 00:09:53,880 Speaker 1: there is some thought that, you know, she will try 180 00:09:53,920 --> 00:09:56,360 Speaker 1: to provoke him, get under his skin, you know, find 181 00:09:56,400 --> 00:09:58,120 Speaker 1: some way to get him to react, and would just 182 00:09:58,200 --> 00:10:02,000 Speaker 1: reinforce that there that she tries to evolved. There is 183 00:10:02,040 --> 00:10:06,880 Speaker 1: there any word about some maybe out of out of thought, 184 00:10:07,080 --> 00:10:10,920 Speaker 1: uh event that could take place, people cheering, people clapping, 185 00:10:10,920 --> 00:10:15,040 Speaker 1: whether it is having a different guests appear there, I 186 00:10:15,040 --> 00:10:18,640 Speaker 1: mean Jennifer Flowers being in the news with the Donald 187 00:10:18,679 --> 00:10:22,320 Speaker 1: Trump and Mark Cuban for Hillary Clinton. Any news about 188 00:10:22,320 --> 00:10:26,400 Speaker 1: how that will play out, Well, unlikely primaries where you 189 00:10:26,440 --> 00:10:29,960 Speaker 1: had the crowd clapping and cheering or jeering, whatever the 190 00:10:30,000 --> 00:10:33,600 Speaker 1: case may be. The Debate Commission and suplicitly said there 191 00:10:33,600 --> 00:10:37,400 Speaker 1: can be no uh participation from the audience clapping, their 192 00:10:37,440 --> 00:10:40,560 Speaker 1: cheering or anything like that. Um, the audience will be 193 00:10:40,600 --> 00:10:43,760 Speaker 1: admonished more than once before the debate starts that they're 194 00:10:43,760 --> 00:10:47,840 Speaker 1: they're to observe, not to participate. Oh right, Mark de Kat, 195 00:10:47,920 --> 00:10:51,760 Speaker 1: thanks so very much. Government reporter for Bloomberg News previewing 196 00:10:51,800 --> 00:10:56,079 Speaker 1: the presidential debates Force tonight. I'm Kathleen Hayes along with 197 00:10:56,120 --> 00:11:02,319 Speaker 1: Pim Fox, and this is Bloomberg Bloomberg. Taking stock is 198 00:11:02,320 --> 00:11:05,360 Speaker 1: brought to b c i T from transportation to healthcare 199 00:11:05,400 --> 00:11:08,560 Speaker 1: to manufacturing. C i T offers commercial lending, leasing, and 200 00:11:08,559 --> 00:11:12,240 Speaker 1: treasury management services for small and middle market businesses. Learn 201 00:11:12,320 --> 00:11:14,680 Speaker 1: more at c i T dot com Put knowledge to 202 00:11:14,720 --> 00:11:14,960 Speaker 1: work