Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: Good morning.
Speaker 3: I'm Nathan Hager and I'm Karen Moscow. Here are the
Speaker 3: stories we're following today.
Speaker 4: Karen, we begin with a focus on the presidential race
Speaker 4: and the results of our latest Bloomberg News Morning Consult poll.
Speaker 4: It shows Kamala Harris has trimmed Donald Trump's advantage when
Speaker 4: it comes to the number one issue in this race,
Speaker 4: the economy. Bloomberg's Amy Morris has the details.
Speaker 5: This poll focused on swing states, showing Harris now leading
Speaker 5: among likely voters by seven percentage points in Nevada, five
Speaker 5: points in Pennsylvania, three in Arizona, Michigan, and Wisconsin, two
Speaker 5: points in North Carolina, and in Georgia. There even her
Speaker 5: leads are within the poll's statistical margin of error. Now,
Speaker 5: across the seven states, Harris is ahead by three percentage
Speaker 5: points among likely voters. That's a statistically significant lead. That's
Speaker 5: about two points greater than last month. The poll underscores
Speaker 5: that this contest could be decided by the narrowest of
Speaker 5: margins or come down to a single state in the
Speaker 5: electoral college in Washington. Amy Moore as Bloomberg Radio.
Speaker 3: All right, Amy, thank you well. There's plenty of reaction
Speaker 3: pouring into our latest poll. Bill Ferries is a senior
Speaker 3: editor for Bloomberg News.
Speaker 6: The trend definitely breaking Harris's way so far, and one
Speaker 6: of the really interesting things about it is that she
Speaker 6: seems to be getting that momentum by chipping away at
Speaker 6: what has been Donald Trump's lead when it comes to
Speaker 6: voter's preference or voter's belief about who would handle the
Speaker 6: economy better. Overall, that is still an area where Donald
Speaker 6: Trump has a four point lead. That's down from six
Speaker 6: points in our previous survey. But when you break it
Speaker 6: down further and look at some of those individual areas
Speaker 6: within the economy, you see that Harris now people trust
Speaker 6: her quite a bit when it comes to things like
Speaker 6: housing prices and dealing with personal debt, credit card debt
Speaker 6: type of issues.
Speaker 3: And that's Bloomberg's Bill Fairies, who says Harris also held
Speaker 3: an eleven point advantage on who like voters trust to
Speaker 3: help the middle class.
Speaker 4: Along with the presidential race, Karen, of course, we continue
Speaker 4: to follow the latest developments around the indictment of New
Speaker 4: York City Mayor Eric Adams. Sloomberg's John Tucker joins us
Speaker 4: with more on that.
Speaker 2: John, Good morning.
Speaker 7: Nathan Adams could make his initial court appearance today. He's
Speaker 7: scheduled to go before Judge Catherine Parker. He's charged with
Speaker 7: accepting illegal campaign contributions and free overseas trips from people
Speaker 7: looking to buy his influence in city government. The mayor
Speaker 7: responded outside Gracie Mansion just hours after federal agents searched
Speaker 7: his official residence.
Speaker 8: Everyone that knows, he knows.
Speaker 9: I've followed campaign through John, and I followed with more.
Speaker 9: That is how I love my life.
Speaker 7: The scathing indictment Alencha's Adams engaged in years of sustained corruption,
Speaker 7: accepting more than one hundred thousand dollars in lavish bribes
Speaker 7: from foreign nationals. Adams claims he's innocent. His lawyer says
Speaker 7: it's neither unusual nor improper for government officials to accept
Speaker 7: some travel perks. It's unclear whether the indictment is the
Speaker 7: last word on federal investigations involving the Adams administration. Investigators
Speaker 7: have seized devices from the police commissioner, school's chancellor, two
Speaker 7: deputy mayors, at other trusted Adams confidants. The mayor vows
Speaker 7: to remain at office Governor Kathy Hocheld does have the
Speaker 7: power to remove Adams if you can't perform his duties
Speaker 7: while fighting the charges. In New York, I'm John Tucker
Speaker 7: Bloomberg Radio.
Speaker 3: All right, John, thank you. Now we want to get
Speaker 3: the latest from the Middle East. Israel maybe softening its
Speaker 3: stance on a ceasefire with Hesba Lah. Prime Minister Benjamin
Speaker 3: Atanyahu's office says Israel will take part in discussions on
Speaker 3: a three week truce proposal from the US and France.
Speaker 3: Whitehouse spokesman karringe On Pierre says those talks are already underway.
Speaker 1: Israel was aware.
Speaker 10: Of the statement, and now what I can tell you
Speaker 10: right now, we are having continued discussions that is happening
Speaker 10: with our teams in New York. And I'm not going
Speaker 10: to get into private diplomatic engagement, but I can assure
Speaker 10: you these conversations are continuing.
Speaker 3: White House spokeswoman Karine John Pierre says the goal of
Speaker 3: the talks is to allow residents on both sides of
Speaker 3: the Israel Lebanon border to return home. Israeli bombardment since Monday,
Speaker 3: I've left more than six hundred dead. Hesbela has responded
Speaker 3: with hundreds of rocket attacks.
Speaker 4: And now Karen Prime Minister Natan Yaho is scheduled to
Speaker 4: address the United Nations General Assembly today. We get that
Speaker 4: from Bloomberg's Ed Baxter.
Speaker 11: This comes as he is now saying that the military
Speaker 11: bombing of Hesbo Law targets and Lebanon will continue indefinitely.
Speaker 11: US Defense Secretary Lloyd Austin says another full scale war
Speaker 11: would be devastating for both Israel and Lebanon. That Yahoo's
Speaker 11: address comes a day after Palestinian authority had Makmu de
Speaker 11: Boss said regarding Gaza, we will not leave.
Speaker 1: We will not leave.
Speaker 11: Ad Baxter, Bloomberg Radio.
Speaker 3: All right, and thank you. We want to turn to
Speaker 3: the markets now and stocks to sit in record a
Speaker 3: territory ahead of a key inflationary port later this morning.
Speaker 3: We get the Fed's preferred price metric, and Eric A Grad,
Speaker 3: chief economist at Alliance Bernstein, told Bloomberg's Tom Keen the
Speaker 3: Fed has done a good job.
Speaker 12: I do think that they deserve a lot of credit.
Speaker 12: And the inflation numbers that are coming out, as well
Speaker 12: as the ones that have come out over the summer
Speaker 12: and the ones that we expect going forward, suggests that
Speaker 12: they have done a good job of bringing inflation back
Speaker 12: under control, and as a result of that, You're right,
Speaker 12: it isn't as important going forward as it has been.
Speaker 12: The focus now is on the other side of the mandate,
Speaker 12: on the labor market side, rather than on the inflation side,
Speaker 12: and that's good news.
Speaker 3: Lion Spernstein's Eric Winnegrad says monthly headline PCEE inflation likely
Speaker 3: rose to one tens of up percent, compared to two
Speaker 3: tents the prior month.
Speaker 4: In Asia, Karen, China's long awaited stimulus filled a huge
Speaker 4: week for equities. The benchmark CSI three hundred index posted
Speaker 4: its biggest weekly gain since two thousand and eight. This week,
Speaker 4: officials pledged to increase fiscal support and stabilize the property
Speaker 4: sector to revive growth.
Speaker 3: Checking out some stocks and making news this morning, Nathan
Speaker 3: Bloomberg News has learned Arm Holdings approach to Intail about
Speaker 3: buying the chip maker's product division, only to be told
Speaker 3: that it wasn't for sale. Intel was once the world's
Speaker 3: largest chip maker, but it's become a targeted takeover speculation
Speaker 3: since its business rapidly deteriorated this year.
Speaker 4: Well, Karen, a merger maybe in the works in the
Speaker 4: satellite TV business. As Bloomberg's Doug Prisoner reports, DirecTV and
Speaker 4: Dish are in advanced talks.
Speaker 1: The deal would create the largest US PayTV provider, with
Speaker 1: nearly twenty million subscribers. We are told in agreement could
Speaker 1: be announced in the coming days. Now, these companies are
Speaker 1: still working through details on how the combination might be structured.
Speaker 1: We are told it will be closely held and DirecTV
Speaker 1: is in talks to control the entire entity. Past discussions
Speaker 1: of a DirecTV Dish combination have faced antitrust concerns. However,
Speaker 1: the shift from PayTV to streaming has changed the competitive
Speaker 1: landscape and it could make the path easier this time.
Speaker 1: In New York, I'm Doug Prisoner, Bloomberg Radio.
Speaker 3: All right, Doug, thank you well. On the earnings front,
Speaker 3: shares of Costco, they're down more than one percent despite
Speaker 3: posting higher than expected off it in the latest quarter.
Speaker 3: The big box retailer said shopper traffic in the US
Speaker 3: increased from a year earlier, but shoppers spent slightly less
Speaker 3: per trip. Costco stock is up thirty seven percent so
Speaker 3: far this year. First time. Now for a look at
Speaker 3: some of the other stories, making news in New York
Speaker 3: and around the world, and for that we're joined by
Speaker 3: Bloomberg's Michael Barr.
Speaker 8: Michael, good morning, Good morning Caaron. Hurricane Aline made landfall
Speaker 8: last night in Florida's Big Bend area. Elene is forecast
Speaker 8: to produced to renial rains, powerful winds, and life threatening
Speaker 8: storm surge. Bloomberg meteorologist Rob Carolyn has the latest.
Speaker 13: Helene is northeast of Valdosta, Georgia this morning, moving to
Speaker 13: the north northeast at about twenty five miles an hour.
Speaker 13: It will continue week in this morning, but it's going
Speaker 13: to produce significant damage due to wind and rain across
Speaker 13: portions of the southeast and eventually the Tennessee River Valley,
Speaker 13: parts of the southwestern mid Atlantic region as well. It
Speaker 13: went inland last night around eleven pm to the west
Speaker 13: of Steinahachie, Florida, as a Category four hurricane. Sustained wins
Speaker 13: at that time for one hundred and forty miles an hour.
Speaker 13: We'll notice it becoming a strong tropical storm today as
Speaker 13: it weekends, moving inland and again some areas are going
Speaker 13: to end up with six to twelve inches of rainfall
Speaker 13: from this system as it continues to decay over the
Speaker 13: southeastern United States this weekend. I'm Rob Carolyn Bloomberg Radio.
Speaker 8: Thank you Rob. Florida Governor Ron Desentis.
Speaker 14: The state is ready as soon as this storm passes
Speaker 14: and it's safe to do so, to commence search and
Speaker 14: rescue operations. We have thirty five hundred National guardsmen standing by.
Speaker 14: We have our state guards standing by. We have state
Speaker 14: troopers standing by, and they will be active if need be.
Speaker 8: Georgia thirty said two people were killed and the possible
Speaker 8: tornado as a lean approached. Another person was killed in Florida.
Speaker 8: Donald Trump is set to meet today with Ukrainian President
Speaker 8: of Volodimir Zelensky, as tensions having rising between the two
Speaker 8: over how to defend the country in its war against Russia.
Speaker 8: The GOP presidential nominee is facing accusations from his Democratic opponent,
Speaker 8: Vice President Common Harris, that he is advocating for surrender.
Speaker 8: Trump spoke about the meeting Thursday with reporters.
Speaker 11: As you know, President Zelensky is asked to meet with me,
Speaker 11: and I will be meeting with him tomorrow morning at
Speaker 11: around nine forty five in Trump Tower.
Speaker 6: And it's a shame what's happening in Ukraine.
Speaker 8: The meeting comes less than a day after Harris met
Speaker 8: with Zelensky and expressed unwavering support. New British Prime Minister
Speaker 8: Keir Starmer spoke at the UN General Assembly for the
Speaker 8: first time. Starmer says his nation is returning to responsible
Speaker 8: global leadership. The Labor Party leader won on an Alliance
Speaker 8: slide election victory in July. He went on to say
Speaker 8: the UK will lead again tackling climate change at home
Speaker 8: and internationally. Global news twenty four hours a day and
Speaker 8: whenever you want it with Bloomberg News Now how Michael Barr,
Speaker 8: This is Bloomberg Karrent.
Speaker 3: All right, Michael Barr, thank you time now for the
Speaker 3: Bloomberg Sports update. But John stash Hour johns.
Speaker 9: Good morning, Karen. Giants and Cowboys at Metlie first ever
Speaker 9: Thursday road game for Dallas, who was coming off two
Speaker 9: straight home losses. But the Cowboys came in having beaten
Speaker 9: the Giants six straight times, thirteen to the last fourteen
Speaker 9: and after an early three to nothing Giants lead, the
Speaker 9: Cowboys led the rest of the way.
Speaker 11: Shotgun good, Blitz, pickup and Prescott.
Speaker 10: Down the outside.
Speaker 7: The Lamb put the tackle thirty.
Speaker 9: Five out runs, three men into the exude touchdowns cd
Speaker 9: lamb KRLD. After that play, no touchdowns for the last
Speaker 9: thirty eight minutes, but two Dallas field goals by Brandon Aubrey,
Speaker 9: including a sixty yarder four days after he had a
Speaker 9: sixty five yarder, and the Giants kept settling for Greg
Speaker 9: Joseph field goals. He had five, but there were no
Speaker 9: Giant tds and the Cowboys won twenty to fifteen to
Speaker 9: get to two and two. It leaves Big Blue at
Speaker 9: one en three For the Yankees, it's two Champagne celebrations
Speaker 9: down and three to go. They sprayed the Bubby last
Speaker 9: week in Seattle after clinching a wild card. They did
Speaker 9: it again at the Stadium after a ten one rout
Speaker 9: of Baltimore that won them the Al East. They'll certainly
Speaker 9: spray with each playoff series win. Their first postseason opponent
Speaker 9: could well beat Baltimore last night's win due to the
Speaker 9: pitching of Garrett Cole six to the third scoreless innings
Speaker 9: in John Carlos Stanton with a home run and then
Speaker 9: a three run double and yes, Aaron Judge homeward again.
Speaker 9: He's done it five games in a row, fifty eight
Speaker 9: on the season, so Judge, in his last two healthy seasons,
Speaker 9: has hit one hundred and twenty homers. Mets play tonight
Speaker 9: in Milwaukee. The Dodgers clinched the NLS, the Tigers and
Speaker 9: Royals moves closer to wrapping up al Wild Cards break up.
Speaker 9: The White Sox three wins in a row, raising their
Speaker 9: record to thirty nine and one hundred and twenty. Still,
Speaker 9: one more loss gives them the record for most losses ever.
Speaker 9: In Montreal, US swept all five four ball matches on
Speaker 9: opening day of the President's Cup Golf. John Stashewer, Bloomberg
Speaker 9: Sports Caring Nathan.
Speaker 2: Coast to coast on Bloomberg Radio, nationwide on Sirius XM,
Speaker 2: and around the world on Bloomberg dot Com and the
Speaker 2: Bloomberg Business app. This is Bloomberg Daybreak.
Speaker 7: Good morning.
Speaker 2: I'm Nathan Hager.
Speaker 4: With less than six weeks until the election, Kamala Harris
Speaker 4: holds a thin lead over Donald Trump in the seven
Speaker 4: states that will decide the election. That is according to
Speaker 4: our latest Bloomberg News Morning consult Paul. Here to break
Speaker 4: it down for us now is Gregory Cordy, White House
Speaker 4: and political correspondent for Bloomberg News. Gregory good morning. So
Speaker 4: how tight is this race now with thirty nine days
Speaker 4: to go?
Speaker 15: Morning Nathan, So yeah, this is a razor tight race.
Speaker 15: And so our Bloomberg News Morning console all of the
Speaker 15: seven swing states that are most likely to decide this
Speaker 15: election finds that Vice President Kamala Harris is at least
Speaker 15: tied or has slight leads in every one of these
Speaker 15: swing states. Tied in Georgia, and then up in two
Speaker 15: points in North Carolina, three points in Arizona, Michigan, Wisconsin,
Speaker 15: five points in Pennsylvania, and seven points in Nevada. Now
Speaker 15: we have to say those are every single one of
Speaker 15: those are within the margin of error. But since they're
Speaker 15: all sort of on Harris's side of the ledger, you'd
Speaker 15: rather be in her position than Trump's right now. And
Speaker 15: she has been making some very slow momentum. These are
Speaker 15: all very small numbers, but at this point in the election,
Speaker 15: as close as this is, where this is what we're
Speaker 15: zeroing in on these very small numbers, and she has
Speaker 15: incremental leads here and that's fueled by voters beginning to
Speaker 15: trust her a little bit more on issues like the economy,
Speaker 15: like inflation, like housing costs. As she's talked about these,
Speaker 15: not just in her campaign stops in the swing states,
Speaker 15: but she's bombarding these states with political ads, reinforcing these
Speaker 15: messages that she has a plan for the economy.
Speaker 4: Now, I know, we've been digging very deep when it
Speaker 4: comes to the economic issues in this poll. What are
Speaker 4: we seeing specifically when it comes to how Harris has
Speaker 4: been able to chip away at Trump's advantage on that
Speaker 4: key issue for likely voters.
Speaker 15: Yeah, she still trails Trump on the question of which
Speaker 15: candidate do you trust more on the economy by four
Speaker 15: percentage points. Voters trust Trump more. She also lags on immigration.
Speaker 15: That's why she's going to Arizona today. That's why she's
Speaker 15: going to the border to talk about immigration. She's really
Speaker 15: leaning into Trump's strengths and trying to make up ground there.
Speaker 15: She's always had a bit of an advantage on some
Speaker 15: of these other issues like housing, and then non economic
Speaker 15: issues like abortion and democracy. Those have always been democratic strengths,
Speaker 15: going back to when Joe Biden was in the race.
Speaker 15: But she's really gone after Trump's strengths on these core
Speaker 15: economic issues. She's not always leading them. But one one
Speaker 15: that I'm I'm watching very closely is that voters now
Speaker 15: trust her on taxes more than they trust Donald Trump.
Speaker 15: That's pretty remarkable since taxation has always been a Republican strength.
Speaker 15: She's turned the tables on that by talking about taxing
Speaker 15: billionaires and co opting some of Trump's ideas on no
Speaker 15: taxes on tips, and also offering a larger childcare tax
Speaker 15: credit than Trump is offering.
Speaker 4: Got about it left, And this poll comes in the
Speaker 4: context of a fifty basis point rate cut that we
Speaker 4: just got from the Federal Reserve.
Speaker 2: How does that factor into what voters are thinking.
Speaker 15: Yes, Swing state voters are very optimistic about that. They
Speaker 15: say by a parity, a good porality, that they expect
Speaker 15: things to get better for them in the next year
Speaker 15: because of that rate cut. They're not seeing it yet.
Speaker 15: You know, it takes a while for these kinds of
Speaker 15: things to percolate through the economy. You might not be
Speaker 15: in the market for a house, and so you might
Speaker 15: not be particularly interest rates sensitive. But we know that
Speaker 15: there are a lot of homeowners locked into their house.
Speaker 15: They would move if they could, but they're they're waiting
Speaker 15: to see those those interest rates come down. Interest rates
Speaker 15: is an issue where Donald Trump still has an advantage,
Speaker 15: but again. If rates can continue to come down, that
Speaker 15: might be something that by election day is going to
Speaker 15: be to the benefit of comers.
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Speaker 4: And I'm Nathan Hager. Join us again tomorrow morning for
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Speaker 4: here on Bloomberg Day Ray