WEBVTT - Bloomberg's Niquette Previews the Presidential Debate (Audio)

0:00:04.000 --> 0:00:09.160
<v Speaker 1>Broadcasting live to New York, Bloomberg Washington, d C, bloom

0:00:10.280 --> 0:00:14.960
<v Speaker 1>to Boston, Bloomberg Well unders to San Francisco, Bloomberg to

0:00:15.080 --> 0:00:19.840
<v Speaker 1>the Country General one, and around the globe the Bloomberg

0:00:19.920 --> 0:00:23.840
<v Speaker 1>Radio Plaza and Bloomberg dot Com. This is taking Stock

0:00:24.760 --> 0:00:29.080
<v Speaker 1>coming up on taking Stock Donald Trump, Hillary Clinton. They

0:00:29.160 --> 0:00:33.519
<v Speaker 1>are deadlocked in a Bloomberg pole just hours before their

0:00:33.600 --> 0:00:37.280
<v Speaker 1>debate at Hofstra University. We're going to take a look

0:00:37.320 --> 0:00:42.199
<v Speaker 1>at the issues and also the potential for performance damage

0:00:42.280 --> 0:00:45.320
<v Speaker 1>when it comes to the debates. Well, Dan Fuss of

0:00:45.360 --> 0:00:47.560
<v Speaker 1>Loomis Sales, who's going to be on our special show

0:00:47.640 --> 0:00:50.360
<v Speaker 1>Here to Daisy, broadcast live from Eisener Amper here in

0:00:50.360 --> 0:00:53.479
<v Speaker 1>New York City, said that there's a fear trade, a

0:00:53.520 --> 0:00:55.720
<v Speaker 1>safety bid in the bond market right now. Pian bonds

0:00:55.760 --> 0:00:57.680
<v Speaker 1>a rowling, and people are worried about the outcome of

0:00:57.720 --> 0:01:00.160
<v Speaker 1>this debate. So let's get right to it. Back see

0:01:00.200 --> 0:01:02.440
<v Speaker 1>Charlie Pellett in the Bloomberg news room with a Bloomberg

0:01:02.480 --> 0:01:05.200
<v Speaker 1>Business Flash, and I thank you very much, Kathleen Hayes,

0:01:05.280 --> 0:01:07.520
<v Speaker 1>and thank you Pim Fox. We've got the dal the

0:01:07.720 --> 0:01:11.039
<v Speaker 1>SMP Nez Stack all Trading lawer at or near session

0:01:11.120 --> 0:01:14.240
<v Speaker 1>lows right now bouncing along the bottom with the SMP

0:01:14.360 --> 0:01:19.119
<v Speaker 1>down six, a drop there of seven tenths of one percent.

0:01:19.520 --> 0:01:22.040
<v Speaker 1>A story we Are Washington Day involves Twitter and the

0:01:22.080 --> 0:01:24.840
<v Speaker 1>Walt Disney Company. People familiar with the matters say the

0:01:24.840 --> 0:01:28.480
<v Speaker 1>Walt Disney Company is working with a financial advisor to

0:01:28.640 --> 0:01:32.679
<v Speaker 1>evaluate a possible bid for Twitter. Representatives for Twitter and

0:01:32.760 --> 0:01:36.640
<v Speaker 1>Disney did not immediately respond to requests for comments. Disney

0:01:36.680 --> 0:01:39.520
<v Speaker 1>shares there down one and a half percent. Twitter shares

0:01:39.560 --> 0:01:42.240
<v Speaker 1>they are up by eight tenths of one percent. Now, Disney,

0:01:42.400 --> 0:01:44.440
<v Speaker 1>if it does decide to make a bid, would be

0:01:44.480 --> 0:01:48.920
<v Speaker 1>able to help the company further it's video streaming media strategy.

0:01:49.160 --> 0:01:53.880
<v Speaker 1>Allian's Global Investors Chief investment Officer Andreas Ottoman says the

0:01:53.920 --> 0:01:56.520
<v Speaker 1>German government will have to bail out Deutsche Bank if

0:01:56.560 --> 0:02:00.040
<v Speaker 1>it's financial situation gets bad enough. Jonathan Tye is the

0:02:00.120 --> 0:02:03.400
<v Speaker 1>senior analyst for EU Banks with Bloomberg Intelligence in London,

0:02:03.680 --> 0:02:06.400
<v Speaker 1>and he was interviewed this morning on Bloomberg Television. So

0:02:06.440 --> 0:02:08.960
<v Speaker 1>the concerns about additional tier one, of course, if you've

0:02:09.000 --> 0:02:12.320
<v Speaker 1>got fourteen billion as a starting point, by the DJ,

0:02:13.160 --> 0:02:15.640
<v Speaker 1>who knows, maybe he gets similar to the Weppen in

0:02:15.639 --> 0:02:17.680
<v Speaker 1>the US and it comes down to six, seven or eight.

0:02:18.000 --> 0:02:20.040
<v Speaker 1>But you've got a bank that consensus says we'll only

0:02:20.040 --> 0:02:22.880
<v Speaker 1>make a billion this year down from it it's expected

0:02:22.960 --> 0:02:25.480
<v Speaker 1>three billion of the start of this year. Who knows

0:02:25.480 --> 0:02:27.680
<v Speaker 1>it may be lost making again this. He wouldn't be surprising.

0:02:28.080 --> 0:02:31.480
<v Speaker 1>Capital's going the wrong way. Um, it's very difficult to

0:02:31.520 --> 0:02:34.280
<v Speaker 1>see where this stopped. And we do have shares of

0:02:34.320 --> 0:02:37.560
<v Speaker 1>Deutsche Bank trading Laura now by seven point two percent.

0:02:38.040 --> 0:02:40.640
<v Speaker 1>It is to thirty two on Wall Street. Now, let's

0:02:40.680 --> 0:02:42.720
<v Speaker 1>take a look at other news from around the world

0:02:42.840 --> 0:02:46.639
<v Speaker 1>on Bloomberg Radio. Thank you, Charlie from the Bloomberg News Room.

0:02:46.680 --> 0:02:49.320
<v Speaker 1>I'm Rami in Asensio. This news update is brought to

0:02:49.320 --> 0:02:51.839
<v Speaker 1>you by Audie. Don't let someone else drive off any

0:02:51.840 --> 0:02:55.120
<v Speaker 1>Audi model you've always wanted. Visit to try state Audi

0:02:55.160 --> 0:02:58.200
<v Speaker 1>dealer to get behind the wheel of yours. Today, on

0:02:58.280 --> 0:03:01.520
<v Speaker 1>the day before their big debate, both presidential nominees privately

0:03:01.560 --> 0:03:04.240
<v Speaker 1>met with Israeli Prime Minister Benjamin and Yahoo in New

0:03:04.280 --> 0:03:07.400
<v Speaker 1>York City. Bloomberg's Michael Barr has more from New York.

0:03:07.639 --> 0:03:12.200
<v Speaker 1>Democratic presidential nominee Hillary Clinton says a strong and secure

0:03:12.240 --> 0:03:15.760
<v Speaker 1>Israel is vital to the United States. After the meeting,

0:03:15.800 --> 0:03:19.880
<v Speaker 1>Clinton's campaign said that she reaffirmed her own waivering commitment

0:03:19.960 --> 0:03:23.639
<v Speaker 1>to US Israel relations, including her support for the new

0:03:23.639 --> 0:03:27.560
<v Speaker 1>military aid agreement reached earlier this month. Donald Trump met

0:03:27.560 --> 0:03:29.480
<v Speaker 1>with the net in Yahoo for more than an hour

0:03:29.600 --> 0:03:33.280
<v Speaker 1>at the Trump Tower, According to Israeli and campaign officials.

0:03:33.639 --> 0:03:37.720
<v Speaker 1>Trump's campaign says the Republican presidential candidate discussed at length

0:03:38.080 --> 0:03:42.360
<v Speaker 1>Israel's successful experience with a security fence that helped secure

0:03:42.440 --> 0:03:46.840
<v Speaker 1>its borders. Michael Barr, Bloomberg Radio. More than eight hundred

0:03:46.840 --> 0:03:51.440
<v Speaker 1>Hofstra University students will get a unique educational experience tonight.

0:03:51.680 --> 0:03:54.360
<v Speaker 1>They'll work as volunteers as a school place host to

0:03:54.440 --> 0:03:57.880
<v Speaker 1>this year's first presidential debate, and you can join us

0:03:57.880 --> 0:04:00.400
<v Speaker 1>tonight for live carverage and analysis of the pre preidential

0:04:00.440 --> 0:04:03.160
<v Speaker 1>debate beginning at seven pm Wall Street time on Bloomberg

0:04:03.240 --> 0:04:07.200
<v Speaker 1>Radio and eight thirty pm on Bloomberg Television. And A

0:04:07.200 --> 0:04:11.240
<v Speaker 1>disgruntled lawyer who had numerous weapons randomly shot at drivers

0:04:11.240 --> 0:04:14.560
<v Speaker 1>in the Houston neighborhood this morning, hitting six people, won

0:04:14.600 --> 0:04:17.880
<v Speaker 1>critically before he was shot and killed by police. Another

0:04:17.960 --> 0:04:21.640
<v Speaker 1>three people had injuries from glass or debris. Global news

0:04:21.640 --> 0:04:24.480
<v Speaker 1>twenty four hours a day, powered by more than journalists

0:04:24.480 --> 0:04:27.799
<v Speaker 1>and analysts in more than one twenty countries. I'm Ramie

0:04:27.839 --> 0:04:31.279
<v Speaker 1>in Essensio. This is Bloomberg, Charlie, and we thank you

0:04:31.279 --> 0:04:34.760
<v Speaker 1>and again recapping equities lawer the SMP five hundred index

0:04:34.800 --> 0:04:37.520
<v Speaker 1>down sixteen, a drop of seven tenths of one percent.

0:04:37.839 --> 0:04:41.280
<v Speaker 1>Gold little Change down thirty thirty cents. The ounce now

0:04:41.360 --> 0:04:44.840
<v Speaker 1>to thirteen thirty seven. I'm Charlie Pellett. That's a Bloomberg

0:04:44.880 --> 0:04:50.760
<v Speaker 1>business flash. You're listening to taking Stock with pim Box

0:04:50.760 --> 0:04:56.800
<v Speaker 1>and Japolene Hayes on Bloomberg Radio six hours, twenty five minutes,

0:04:56.880 --> 0:05:02.000
<v Speaker 1>twenty seconds. Donald and Trump, Hillary Clinton, the debate, and

0:05:02.080 --> 0:05:04.680
<v Speaker 1>now that debate before the debate. Here to tell us

0:05:04.760 --> 0:05:08.120
<v Speaker 1>more is Mark Niquette. He is our Politics and national

0:05:08.200 --> 0:05:12.440
<v Speaker 1>Government reporter for Bloomberg News, and he joins us. Now, Mark,

0:05:12.839 --> 0:05:15.320
<v Speaker 1>this is an industry in and of itself. It is

0:05:15.360 --> 0:05:19.280
<v Speaker 1>not just the actual event, but it's the event around

0:05:19.320 --> 0:05:23.719
<v Speaker 1>the event. I heard that, for example, Chris Matthews, he

0:05:23.880 --> 0:05:28.400
<v Speaker 1>was broadcasting from the event site at Hofstra University last

0:05:28.520 --> 0:05:32.599
<v Speaker 1>night to get people excited and interested. Right then, we

0:05:32.640 --> 0:05:36.000
<v Speaker 1>also have the expectations game being played, where both sides

0:05:36.080 --> 0:05:39.760
<v Speaker 1>try to give themselves an advantage by either lowering or

0:05:39.800 --> 0:05:42.160
<v Speaker 1>raising the bar, or whatever the case may be. You know,

0:05:42.600 --> 0:05:44.920
<v Speaker 1>the thought is that Hillary Clinton comes into the debate

0:05:45.000 --> 0:05:48.560
<v Speaker 1>with UH an advantage, or at least polls, including one

0:05:48.560 --> 0:05:52.200
<v Speaker 1>Bloomberg Politics as out today suggest people think she's going

0:05:52.240 --> 0:05:54.800
<v Speaker 1>to win a debate, and she's trying to put the

0:05:55.960 --> 0:05:58.919
<v Speaker 1>audience and fact checkers on note that anything that Donald

0:05:58.920 --> 0:06:01.719
<v Speaker 1>Trump says that might not be true should be called

0:06:01.760 --> 0:06:04.960
<v Speaker 1>out immediately. Well, you know, Mark, it's interesting than anybody

0:06:04.960 --> 0:06:07.120
<v Speaker 1>think you had to do anything extra drum up interest

0:06:07.320 --> 0:06:10.240
<v Speaker 1>in this presidential debate to I would guess that this

0:06:10.320 --> 0:06:14.120
<v Speaker 1>is probably gonna be the most watched ever. Donald Trump

0:06:14.279 --> 0:06:19.880
<v Speaker 1>inspires great enthusiasm from his supporters and great antipathy from

0:06:19.880 --> 0:06:21.640
<v Speaker 1>those who the last thing they want to see is

0:06:21.760 --> 0:06:24.840
<v Speaker 1>him in the White House. And then of course he's

0:06:24.880 --> 0:06:27.880
<v Speaker 1>had many instances where he said things that were inflammatory,

0:06:27.880 --> 0:06:29.720
<v Speaker 1>where some people thought he put his foot in his mouth,

0:06:29.960 --> 0:06:31.520
<v Speaker 1>and I think a lot of people it's like they're

0:06:31.839 --> 0:06:34.320
<v Speaker 1>like they're going to the surface almost waiting to see

0:06:34.360 --> 0:06:36.919
<v Speaker 1>just what happens. Is Donald Trump hold it together or

0:06:36.960 --> 0:06:41.160
<v Speaker 1>does he explode exactly. Have heard other analogies like car

0:06:41.240 --> 0:06:43.599
<v Speaker 1>wreck or rubber nicking, and you see things like that.

0:06:43.920 --> 0:06:45.839
<v Speaker 1>But I think, you know, there is intense interest and

0:06:45.920 --> 0:06:47.680
<v Speaker 1>a lot of it does have to do with with

0:06:47.839 --> 0:06:51.719
<v Speaker 1>Trump and sort of the unpredictability factor, but also because

0:06:51.720 --> 0:06:53.400
<v Speaker 1>of the nature of this race. I mean, it's a

0:06:53.480 --> 0:06:56.520
<v Speaker 1>it's a close race. Um, it's the poles are shown,

0:06:56.560 --> 0:06:58.640
<v Speaker 1>it's tightened in the in the recent weeks, which just

0:06:58.760 --> 0:07:02.800
<v Speaker 1>drives up the interest and importance I think, but also

0:07:02.839 --> 0:07:05.840
<v Speaker 1>people just wanting to see, you know, some cues from

0:07:05.880 --> 0:07:09.840
<v Speaker 1>these candidates. You know, the polls show they're both very disliked.

0:07:10.120 --> 0:07:12.440
<v Speaker 1>I think voters, you know, maybe if they're not in

0:07:12.800 --> 0:07:15.240
<v Speaker 1>favor of one candidate for sure and not sure about

0:07:15.280 --> 0:07:17.400
<v Speaker 1>the other, we'll be looking to see, you know, whether

0:07:17.400 --> 0:07:19.840
<v Speaker 1>they get cues that can get them comfortable with the candidate.

0:07:20.080 --> 0:07:21.400
<v Speaker 1>You know, a lot of people are looking to Donald

0:07:21.440 --> 0:07:23.600
<v Speaker 1>Trump to see if he can show kind of the

0:07:23.640 --> 0:07:27.760
<v Speaker 1>substance or temperament that folks might be questioning the lax.

0:07:28.360 --> 0:07:30.360
<v Speaker 1>Folks might be looking at Hillary Clinton to see issue

0:07:30.480 --> 0:07:34.080
<v Speaker 1>has sort of a relatability factor or trustworthiness that polls

0:07:34.120 --> 0:07:37.559
<v Speaker 1>show that some people don't mark we've got what about

0:07:37.560 --> 0:07:42.240
<v Speaker 1>forty forty two days and counting until the election, at

0:07:42.320 --> 0:07:45.000
<v Speaker 1>least the election day, because a lot of people have

0:07:45.080 --> 0:07:48.120
<v Speaker 1>may be sending in their ballots early. Um, any idea

0:07:48.280 --> 0:07:51.600
<v Speaker 1>of the electoral college split, I mean, I I see

0:07:51.640 --> 0:07:55.840
<v Speaker 1>things that where you've got Clinton blue states two electoral

0:07:56.080 --> 0:07:58.920
<v Speaker 1>votes with Donald Trump read states one sixty three and

0:07:58.960 --> 0:08:02.400
<v Speaker 1>one seventy five for grabs. Well, and then you'll see

0:08:02.480 --> 0:08:05.360
<v Speaker 1>different projections depending on who's making and who's putting what

0:08:05.520 --> 0:08:08.160
<v Speaker 1>states into what column. Um, But I think it's fair

0:08:08.200 --> 0:08:12.000
<v Speaker 1>to say that this debate tonight could help change those maps. Um.

0:08:12.040 --> 0:08:14.480
<v Speaker 1>You know, there's a sense that you know, the support

0:08:14.520 --> 0:08:17.360
<v Speaker 1>that poles show for both candidates of their softs that

0:08:17.920 --> 0:08:20.600
<v Speaker 1>you know, a big moment in a debate, but tonight

0:08:20.720 --> 0:08:23.440
<v Speaker 1>can can help change some minds. And clearly there is

0:08:23.480 --> 0:08:26.640
<v Speaker 1>a segment of the population, you know, between three and

0:08:26.680 --> 0:08:29.080
<v Speaker 1>ten percents of the polls suggests that are undecided that

0:08:29.160 --> 0:08:31.600
<v Speaker 1>really don't know who to vote for. Either they can't

0:08:31.600 --> 0:08:33.480
<v Speaker 1>decide in from the two, or they dislike two of

0:08:33.520 --> 0:08:36.120
<v Speaker 1>them and uh, you know, haven't figured out which one

0:08:36.160 --> 0:08:38.320
<v Speaker 1>they disliked the least. So you know, this is a

0:08:38.360 --> 0:08:41.439
<v Speaker 1>lot of anticipation that tonight's debate could help change that

0:08:41.520 --> 0:08:43.880
<v Speaker 1>electoral math, or at least change in there as we

0:08:43.880 --> 0:08:47.040
<v Speaker 1>had a final points days in the campaign. So Mark,

0:08:47.280 --> 0:08:51.400
<v Speaker 1>what has the Bloomberg Politics and Government team have been

0:08:51.440 --> 0:08:54.680
<v Speaker 1>able to discern from the two campaigns? I remember after

0:08:55.320 --> 0:09:02.520
<v Speaker 1>um the during the the conventions in uh the Democrats

0:09:02.559 --> 0:09:05.640
<v Speaker 1>had the Muslim American family whose son, their son from

0:09:05.640 --> 0:09:08.200
<v Speaker 1>the military had been killed that I read this piece.

0:09:08.600 --> 0:09:12.240
<v Speaker 1>Maybe he was online about how cleverly the Clinton camp

0:09:12.280 --> 0:09:15.800
<v Speaker 1>had played Donald Trump to provoke him and get him

0:09:15.800 --> 0:09:19.199
<v Speaker 1>to lose his cool, almost like she was a matador,

0:09:19.360 --> 0:09:22.160
<v Speaker 1>you know, effectively manipulating the bull. Have you heard anything

0:09:22.200 --> 0:09:24.280
<v Speaker 1>about the Clinton camp trying to do something like that tonight?

0:09:25.520 --> 0:09:28.280
<v Speaker 1>Not directly from the Clinton camp, the cards pretty close

0:09:28.320 --> 0:09:30.520
<v Speaker 1>to the best, but there is widespread circulation that that

0:09:30.520 --> 0:09:33.640
<v Speaker 1>will be a tactic or a strategy. Um one of

0:09:33.640 --> 0:09:36.000
<v Speaker 1>the goals I think that the Clinton campaign will want

0:09:36.000 --> 0:09:38.840
<v Speaker 1>to have for this debate is to deal show that

0:09:39.280 --> 0:09:42.920
<v Speaker 1>Donald Trump, you know, somehow lacks the temperament or you know,

0:09:43.040 --> 0:09:46.319
<v Speaker 1>the qualifications to be president commander in chief. This is

0:09:46.360 --> 0:09:48.839
<v Speaker 1>a case that Segretary Clint has been trying to make

0:09:48.880 --> 0:09:51.800
<v Speaker 1>on the campaign trail and then her commercial advertising. So

0:09:51.840 --> 0:09:53.880
<v Speaker 1>there is some thought that, you know, she will try

0:09:53.920 --> 0:09:56.360
<v Speaker 1>to provoke him, get under his skin, you know, find

0:09:56.400 --> 0:09:58.120
<v Speaker 1>some way to get him to react, and would just

0:09:58.200 --> 0:10:02.000
<v Speaker 1>reinforce that there that she tries to evolved. There is

0:10:02.040 --> 0:10:06.880
<v Speaker 1>there any word about some maybe out of out of thought,

0:10:07.080 --> 0:10:10.920
<v Speaker 1>uh event that could take place, people cheering, people clapping,

0:10:10.920 --> 0:10:15.040
<v Speaker 1>whether it is having a different guests appear there, I

0:10:15.040 --> 0:10:18.640
<v Speaker 1>mean Jennifer Flowers being in the news with the Donald

0:10:18.679 --> 0:10:22.320
<v Speaker 1>Trump and Mark Cuban for Hillary Clinton. Any news about

0:10:22.320 --> 0:10:26.400
<v Speaker 1>how that will play out, Well, unlikely primaries where you

0:10:26.440 --> 0:10:29.960
<v Speaker 1>had the crowd clapping and cheering or jeering, whatever the

0:10:30.000 --> 0:10:33.600
<v Speaker 1>case may be. The Debate Commission and suplicitly said there

0:10:33.600 --> 0:10:37.400
<v Speaker 1>can be no uh participation from the audience clapping, their

0:10:37.440 --> 0:10:40.560
<v Speaker 1>cheering or anything like that. Um, the audience will be

0:10:40.600 --> 0:10:43.760
<v Speaker 1>admonished more than once before the debate starts that they're

0:10:43.760 --> 0:10:47.840
<v Speaker 1>they're to observe, not to participate. Oh right, Mark de Kat,

0:10:47.920 --> 0:10:51.760
<v Speaker 1>thanks so very much. Government reporter for Bloomberg News previewing

0:10:51.800 --> 0:10:56.079
<v Speaker 1>the presidential debates Force tonight. I'm Kathleen Hayes along with

0:10:56.120 --> 0:11:02.319
<v Speaker 1>Pim Fox, and this is Bloomberg Bloomberg. Taking stock is

0:11:02.320 --> 0:11:05.360
<v Speaker 1>brought to b c i T from transportation to healthcare

0:11:05.400 --> 0:11:08.560
<v Speaker 1>to manufacturing. C i T offers commercial lending, leasing, and

0:11:08.559 --> 0:11:12.240
<v Speaker 1>treasury management services for small and middle market businesses. Learn

0:11:12.320 --> 0:11:14.680
<v Speaker 1>more at c i T dot com Put knowledge to

0:11:14.720 --> 0:11:14.960
<v Speaker 1>work