WEBVTT - Harris's Razor Thin Swing State Lead; NYC Mayor Defiant Against Charges

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>Good morning.

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<v Speaker 3>I'm Nathan Hager and I'm Karen Moscow. Here are the

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<v Speaker 3>stories we're following today.

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<v Speaker 4>Karen, we begin with a focus on the presidential race

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<v Speaker 4>and the results of our latest Bloomberg News Morning Consult poll.

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<v Speaker 4>It shows Kamala Harris has trimmed Donald Trump's advantage when

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<v Speaker 4>it comes to the number one issue in this race,

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<v Speaker 4>the economy. Bloomberg's Amy Morris has the details.

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<v Speaker 5>This poll focused on swing states, showing Harris now leading

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<v Speaker 5>among likely voters by seven percentage points in Nevada, five

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<v Speaker 5>points in Pennsylvania, three in Arizona, Michigan, and Wisconsin, two

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<v Speaker 5>points in North Carolina, and in Georgia. There even her

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<v Speaker 5>leads are within the poll's statistical margin of error. Now,

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<v Speaker 5>across the seven states, Harris is ahead by three percentage

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<v Speaker 5>points among likely voters. That's a statistically significant lead. That's

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<v Speaker 5>about two points greater than last month. The poll underscores

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<v Speaker 5>that this contest could be decided by the narrowest of

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<v Speaker 5>margins or come down to a single state in the

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<v Speaker 5>electoral college in Washington. Amy Moore as Bloomberg Radio.

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<v Speaker 3>All right, Amy, thank you well. There's plenty of reaction

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<v Speaker 3>pouring into our latest poll. Bill Ferries is a senior

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<v Speaker 3>editor for Bloomberg News.

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<v Speaker 6>The trend definitely breaking Harris's way so far, and one

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<v Speaker 6>of the really interesting things about it is that she

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<v Speaker 6>seems to be getting that momentum by chipping away at

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<v Speaker 6>what has been Donald Trump's lead when it comes to

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<v Speaker 6>voter's preference or voter's belief about who would handle the

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<v Speaker 6>economy better. Overall, that is still an area where Donald

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<v Speaker 6>Trump has a four point lead. That's down from six

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<v Speaker 6>points in our previous survey. But when you break it

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<v Speaker 6>down further and look at some of those individual areas

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<v Speaker 6>within the economy, you see that Harris now people trust

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<v Speaker 6>her quite a bit when it comes to things like

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<v Speaker 6>housing prices and dealing with personal debt, credit card debt

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<v Speaker 6>type of issues.

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<v Speaker 3>And that's Bloomberg's Bill Fairies, who says Harris also held

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<v Speaker 3>an eleven point advantage on who like voters trust to

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<v Speaker 3>help the middle class.

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<v Speaker 4>Along with the presidential race, Karen, of course, we continue

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<v Speaker 4>to follow the latest developments around the indictment of New

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<v Speaker 4>York City Mayor Eric Adams. Sloomberg's John Tucker joins us

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<v Speaker 4>with more on that.

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<v Speaker 2>John, Good morning.

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<v Speaker 7>Nathan Adams could make his initial court appearance today. He's

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<v Speaker 7>scheduled to go before Judge Catherine Parker. He's charged with

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<v Speaker 7>accepting illegal campaign contributions and free overseas trips from people

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<v Speaker 7>looking to buy his influence in city government. The mayor

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<v Speaker 7>responded outside Gracie Mansion just hours after federal agents searched

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<v Speaker 7>his official residence.

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<v Speaker 8>Everyone that knows, he knows.

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<v Speaker 9>I've followed campaign through John, and I followed with more.

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<v Speaker 9>That is how I love my life.

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<v Speaker 7>The scathing indictment Alencha's Adams engaged in years of sustained corruption,

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<v Speaker 7>accepting more than one hundred thousand dollars in lavish bribes

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<v Speaker 7>from foreign nationals. Adams claims he's innocent. His lawyer says

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<v Speaker 7>it's neither unusual nor improper for government officials to accept

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<v Speaker 7>some travel perks. It's unclear whether the indictment is the

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<v Speaker 7>last word on federal investigations involving the Adams administration. Investigators

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<v Speaker 7>have seized devices from the police commissioner, school's chancellor, two

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<v Speaker 7>deputy mayors, at other trusted Adams confidants. The mayor vows

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<v Speaker 7>to remain at office Governor Kathy Hocheld does have the

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<v Speaker 7>power to remove Adams if you can't perform his duties

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<v Speaker 7>while fighting the charges. In New York, I'm John Tucker

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<v Speaker 7>Bloomberg Radio.

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<v Speaker 3>All right, John, thank you. Now we want to get

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<v Speaker 3>the latest from the Middle East. Israel maybe softening its

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<v Speaker 3>stance on a ceasefire with Hesba Lah. Prime Minister Benjamin

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<v Speaker 3>Atanyahu's office says Israel will take part in discussions on

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<v Speaker 3>a three week truce proposal from the US and France.

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<v Speaker 3>Whitehouse spokesman karringe On Pierre says those talks are already underway.

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<v Speaker 1>Israel was aware.

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<v Speaker 10>Of the statement, and now what I can tell you

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<v Speaker 10>right now, we are having continued discussions that is happening

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<v Speaker 10>with our teams in New York. And I'm not going

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<v Speaker 10>to get into private diplomatic engagement, but I can assure

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<v Speaker 10>you these conversations are continuing.

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<v Speaker 3>White House spokeswoman Karine John Pierre says the goal of

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<v Speaker 3>the talks is to allow residents on both sides of

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<v Speaker 3>the Israel Lebanon border to return home. Israeli bombardment since Monday,

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<v Speaker 3>I've left more than six hundred dead. Hesbela has responded

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<v Speaker 3>with hundreds of rocket attacks.

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<v Speaker 4>And now Karen Prime Minister Natan Yaho is scheduled to

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<v Speaker 4>address the United Nations General Assembly today. We get that

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<v Speaker 4>from Bloomberg's Ed Baxter.

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<v Speaker 11>This comes as he is now saying that the military

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<v Speaker 11>bombing of Hesbo Law targets and Lebanon will continue indefinitely.

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<v Speaker 11>US Defense Secretary Lloyd Austin says another full scale war

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<v Speaker 11>would be devastating for both Israel and Lebanon. That Yahoo's

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<v Speaker 11>address comes a day after Palestinian authority had Makmu de

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<v Speaker 11>Boss said regarding Gaza, we will not leave.

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<v Speaker 1>We will not leave.

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<v Speaker 11>Ad Baxter, Bloomberg Radio.

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<v Speaker 3>All right, and thank you. We want to turn to

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<v Speaker 3>the markets now and stocks to sit in record a

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<v Speaker 3>territory ahead of a key inflationary port later this morning.

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<v Speaker 3>We get the Fed's preferred price metric, and Eric A Grad,

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<v Speaker 3>chief economist at Alliance Bernstein, told Bloomberg's Tom Keen the

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<v Speaker 3>Fed has done a good job.

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<v Speaker 12>I do think that they deserve a lot of credit.

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<v Speaker 12>And the inflation numbers that are coming out, as well

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<v Speaker 12>as the ones that have come out over the summer

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<v Speaker 12>and the ones that we expect going forward, suggests that

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<v Speaker 12>they have done a good job of bringing inflation back

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<v Speaker 12>under control, and as a result of that, You're right,

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<v Speaker 12>it isn't as important going forward as it has been.

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<v Speaker 12>The focus now is on the other side of the mandate,

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<v Speaker 12>on the labor market side, rather than on the inflation side,

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<v Speaker 12>and that's good news.

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<v Speaker 3>Lion Spernstein's Eric Winnegrad says monthly headline PCEE inflation likely

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<v Speaker 3>rose to one tens of up percent, compared to two

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<v Speaker 3>tents the prior month.

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<v Speaker 4>In Asia, Karen, China's long awaited stimulus filled a huge

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<v Speaker 4>week for equities. The benchmark CSI three hundred index posted

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<v Speaker 4>its biggest weekly gain since two thousand and eight. This week,

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<v Speaker 4>officials pledged to increase fiscal support and stabilize the property

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<v Speaker 4>sector to revive growth.

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<v Speaker 3>Checking out some stocks and making news this morning, Nathan

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<v Speaker 3>Bloomberg News has learned Arm Holdings approach to Intail about

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<v Speaker 3>buying the chip maker's product division, only to be told

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<v Speaker 3>that it wasn't for sale. Intel was once the world's

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<v Speaker 3>largest chip maker, but it's become a targeted takeover speculation

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<v Speaker 3>since its business rapidly deteriorated this year.

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<v Speaker 4>Well, Karen, a merger maybe in the works in the

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<v Speaker 4>satellite TV business. As Bloomberg's Doug Prisoner reports, DirecTV and

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<v Speaker 4>Dish are in advanced talks.

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<v Speaker 1>The deal would create the largest US PayTV provider, with

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<v Speaker 1>nearly twenty million subscribers. We are told in agreement could

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<v Speaker 1>be announced in the coming days. Now, these companies are

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<v Speaker 1>still working through details on how the combination might be structured.

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<v Speaker 1>We are told it will be closely held and DirecTV

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<v Speaker 1>is in talks to control the entire entity. Past discussions

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<v Speaker 1>of a DirecTV Dish combination have faced antitrust concerns. However,

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<v Speaker 1>the shift from PayTV to streaming has changed the competitive

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<v Speaker 1>landscape and it could make the path easier this time.

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<v Speaker 1>In New York, I'm Doug Prisoner, Bloomberg Radio.

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<v Speaker 3>All right, Doug, thank you well. On the earnings front,

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<v Speaker 3>shares of Costco, they're down more than one percent despite

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<v Speaker 3>posting higher than expected off it in the latest quarter.

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<v Speaker 3>The big box retailer said shopper traffic in the US

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<v Speaker 3>increased from a year earlier, but shoppers spent slightly less

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<v Speaker 3>per trip. Costco stock is up thirty seven percent so

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<v Speaker 3>far this year. First time. Now for a look at

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<v Speaker 3>some of the other stories, making news in New York

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<v Speaker 3>and around the world, and for that we're joined by

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<v Speaker 3>Bloomberg's Michael Barr.

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<v Speaker 8>Michael, good morning, Good morning Caaron. Hurricane Aline made landfall

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<v Speaker 8>last night in Florida's Big Bend area. Elene is forecast

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<v Speaker 8>to produced to renial rains, powerful winds, and life threatening

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<v Speaker 8>storm surge. Bloomberg meteorologist Rob Carolyn has the latest.

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<v Speaker 13>Helene is northeast of Valdosta, Georgia this morning, moving to

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<v Speaker 13>the north northeast at about twenty five miles an hour.

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<v Speaker 13>It will continue week in this morning, but it's going

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<v Speaker 13>to produce significant damage due to wind and rain across

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<v Speaker 13>portions of the southeast and eventually the Tennessee River Valley,

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<v Speaker 13>parts of the southwestern mid Atlantic region as well. It

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<v Speaker 13>went inland last night around eleven pm to the west

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<v Speaker 13>of Steinahachie, Florida, as a Category four hurricane. Sustained wins

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<v Speaker 13>at that time for one hundred and forty miles an hour.

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<v Speaker 13>We'll notice it becoming a strong tropical storm today as

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<v Speaker 13>it weekends, moving inland and again some areas are going

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<v Speaker 13>to end up with six to twelve inches of rainfall

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<v Speaker 13>from this system as it continues to decay over the

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<v Speaker 13>southeastern United States this weekend. I'm Rob Carolyn Bloomberg Radio.

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<v Speaker 8>Thank you Rob. Florida Governor Ron Desentis.

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<v Speaker 14>The state is ready as soon as this storm passes

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<v Speaker 14>and it's safe to do so, to commence search and

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<v Speaker 14>rescue operations. We have thirty five hundred National guardsmen standing by.

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<v Speaker 14>We have our state guards standing by. We have state

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<v Speaker 14>troopers standing by, and they will be active if need be.

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<v Speaker 8>Georgia thirty said two people were killed and the possible

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<v Speaker 8>tornado as a lean approached. Another person was killed in Florida.

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<v Speaker 8>Donald Trump is set to meet today with Ukrainian President

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<v Speaker 8>of Volodimir Zelensky, as tensions having rising between the two

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<v Speaker 8>over how to defend the country in its war against Russia.

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<v Speaker 8>The GOP presidential nominee is facing accusations from his Democratic opponent,

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<v Speaker 8>Vice President Common Harris, that he is advocating for surrender.

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<v Speaker 8>Trump spoke about the meeting Thursday with reporters.

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<v Speaker 11>As you know, President Zelensky is asked to meet with me,

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<v Speaker 11>and I will be meeting with him tomorrow morning at

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<v Speaker 11>around nine forty five in Trump Tower.

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<v Speaker 6>And it's a shame what's happening in Ukraine.

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<v Speaker 8>The meeting comes less than a day after Harris met

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<v Speaker 8>with Zelensky and expressed unwavering support. New British Prime Minister

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<v Speaker 8>Keir Starmer spoke at the UN General Assembly for the

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<v Speaker 8>first time. Starmer says his nation is returning to responsible

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<v Speaker 8>global leadership. The Labor Party leader won on an Alliance

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<v Speaker 8>slide election victory in July. He went on to say

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<v Speaker 8>the UK will lead again tackling climate change at home

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<v Speaker 8>and internationally. Global news twenty four hours a day and

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<v Speaker 8>whenever you want it with Bloomberg News Now how Michael Barr,

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<v Speaker 8>This is Bloomberg Karrent.

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<v Speaker 3>All right, Michael Barr, thank you time now for the

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<v Speaker 3>Bloomberg Sports update. But John stash Hour johns.

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<v Speaker 9>Good morning, Karen. Giants and Cowboys at Metlie first ever

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<v Speaker 9>Thursday road game for Dallas, who was coming off two

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<v Speaker 9>straight home losses. But the Cowboys came in having beaten

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<v Speaker 9>the Giants six straight times, thirteen to the last fourteen

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<v Speaker 9>and after an early three to nothing Giants lead, the

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<v Speaker 9>Cowboys led the rest of the way.

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<v Speaker 11>Shotgun good, Blitz, pickup and Prescott.

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<v Speaker 10>Down the outside.

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<v Speaker 7>The Lamb put the tackle thirty.

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<v Speaker 9>Five out runs, three men into the exude touchdowns cd

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<v Speaker 9>lamb KRLD. After that play, no touchdowns for the last

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<v Speaker 9>thirty eight minutes, but two Dallas field goals by Brandon Aubrey,

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<v Speaker 9>including a sixty yarder four days after he had a

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<v Speaker 9>sixty five yarder, and the Giants kept settling for Greg

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<v Speaker 9>Joseph field goals. He had five, but there were no

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<v Speaker 9>Giant tds and the Cowboys won twenty to fifteen to

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<v Speaker 9>get to two and two. It leaves Big Blue at

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<v Speaker 9>one en three For the Yankees, it's two Champagne celebrations

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<v Speaker 9>down and three to go. They sprayed the Bubby last

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<v Speaker 9>week in Seattle after clinching a wild card. They did

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<v Speaker 9>it again at the Stadium after a ten one rout

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<v Speaker 9>of Baltimore that won them the Al East. They'll certainly

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<v Speaker 9>spray with each playoff series win. Their first postseason opponent

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<v Speaker 9>could well beat Baltimore last night's win due to the

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<v Speaker 9>pitching of Garrett Cole six to the third scoreless innings

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<v Speaker 9>in John Carlos Stanton with a home run and then

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<v Speaker 9>a three run double and yes, Aaron Judge homeward again.

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<v Speaker 9>He's done it five games in a row, fifty eight

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<v Speaker 9>on the season, so Judge, in his last two healthy seasons,

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<v Speaker 9>has hit one hundred and twenty homers. Mets play tonight

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<v Speaker 9>in Milwaukee. The Dodgers clinched the NLS, the Tigers and

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<v Speaker 9>Royals moves closer to wrapping up al Wild Cards break up.

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<v Speaker 9>The White Sox three wins in a row, raising their

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<v Speaker 9>record to thirty nine and one hundred and twenty. Still,

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<v Speaker 9>one more loss gives them the record for most losses ever.

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<v Speaker 9>In Montreal, US swept all five four ball matches on

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<v Speaker 9>opening day of the President's Cup Golf. John Stashewer, Bloomberg

0:11:50.280 --> 0:11:51.559
<v Speaker 9>Sports Caring Nathan.

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<v Speaker 2>Coast to coast on Bloomberg Radio, nationwide on Sirius XM,

0:11:57.880 --> 0:12:00.760
<v Speaker 2>and around the world on Bloomberg dot Com and the

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<v Speaker 2>Bloomberg Business app. This is Bloomberg Daybreak.

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<v Speaker 7>Good morning.

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<v Speaker 2>I'm Nathan Hager.

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<v Speaker 4>With less than six weeks until the election, Kamala Harris

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<v Speaker 4>holds a thin lead over Donald Trump in the seven

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<v Speaker 4>states that will decide the election. That is according to

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<v Speaker 4>our latest Bloomberg News Morning consult Paul. Here to break

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<v Speaker 4>it down for us now is Gregory Cordy, White House

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<v Speaker 4>and political correspondent for Bloomberg News. Gregory good morning. So

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<v Speaker 4>how tight is this race now with thirty nine days

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<v Speaker 4>to go?

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<v Speaker 15>Morning Nathan, So yeah, this is a razor tight race.

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<v Speaker 15>And so our Bloomberg News Morning console all of the

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<v Speaker 15>seven swing states that are most likely to decide this

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<v Speaker 15>election finds that Vice President Kamala Harris is at least

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<v Speaker 15>tied or has slight leads in every one of these

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<v Speaker 15>swing states. Tied in Georgia, and then up in two

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<v Speaker 15>points in North Carolina, three points in Arizona, Michigan, Wisconsin,

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<v Speaker 15>five points in Pennsylvania, and seven points in Nevada. Now

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<v Speaker 15>we have to say those are every single one of

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<v Speaker 15>those are within the margin of error. But since they're

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<v Speaker 15>all sort of on Harris's side of the ledger, you'd

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<v Speaker 15>rather be in her position than Trump's right now. And

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<v Speaker 15>she has been making some very slow momentum. These are

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<v Speaker 15>all very small numbers, but at this point in the election,

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<v Speaker 15>as close as this is, where this is what we're

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<v Speaker 15>zeroing in on these very small numbers, and she has

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<v Speaker 15>incremental leads here and that's fueled by voters beginning to

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<v Speaker 15>trust her a little bit more on issues like the economy,

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<v Speaker 15>like inflation, like housing costs. As she's talked about these,

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<v Speaker 15>not just in her campaign stops in the swing states,

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<v Speaker 15>but she's bombarding these states with political ads, reinforcing these

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<v Speaker 15>messages that she has a plan for the economy.

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<v Speaker 4>Now, I know, we've been digging very deep when it

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<v Speaker 4>comes to the economic issues in this poll. What are

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<v Speaker 4>we seeing specifically when it comes to how Harris has

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<v Speaker 4>been able to chip away at Trump's advantage on that

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<v Speaker 4>key issue for likely voters.

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<v Speaker 15>Yeah, she still trails Trump on the question of which

0:13:58.480 --> 0:14:01.640
<v Speaker 15>candidate do you trust more on the economy by four

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<v Speaker 15>percentage points. Voters trust Trump more. She also lags on immigration.

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<v Speaker 15>That's why she's going to Arizona today. That's why she's

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<v Speaker 15>going to the border to talk about immigration. She's really

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<v Speaker 15>leaning into Trump's strengths and trying to make up ground there.

0:14:15.440 --> 0:14:18.160
<v Speaker 15>She's always had a bit of an advantage on some

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<v Speaker 15>of these other issues like housing, and then non economic

0:14:22.480 --> 0:14:26.360
<v Speaker 15>issues like abortion and democracy. Those have always been democratic strengths,

0:14:26.400 --> 0:14:28.040
<v Speaker 15>going back to when Joe Biden was in the race.

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<v Speaker 15>But she's really gone after Trump's strengths on these core

0:14:32.080 --> 0:14:35.320
<v Speaker 15>economic issues. She's not always leading them. But one one

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<v Speaker 15>that I'm I'm watching very closely is that voters now

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<v Speaker 15>trust her on taxes more than they trust Donald Trump.

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<v Speaker 15>That's pretty remarkable since taxation has always been a Republican strength.

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<v Speaker 15>She's turned the tables on that by talking about taxing

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<v Speaker 15>billionaires and co opting some of Trump's ideas on no

0:14:52.840 --> 0:14:57.960
<v Speaker 15>taxes on tips, and also offering a larger childcare tax

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<v Speaker 15>credit than Trump is offering.

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<v Speaker 4>Got about it left, And this poll comes in the

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<v Speaker 4>context of a fifty basis point rate cut that we

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<v Speaker 4>just got from the Federal Reserve.

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<v Speaker 2>How does that factor into what voters are thinking.

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<v Speaker 15>Yes, Swing state voters are very optimistic about that. They

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<v Speaker 15>say by a parity, a good porality, that they expect

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<v Speaker 15>things to get better for them in the next year

0:15:16.440 --> 0:15:18.840
<v Speaker 15>because of that rate cut. They're not seeing it yet.

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<v Speaker 15>You know, it takes a while for these kinds of

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<v Speaker 15>things to percolate through the economy. You might not be

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<v Speaker 15>in the market for a house, and so you might

0:15:25.200 --> 0:15:28.160
<v Speaker 15>not be particularly interest rates sensitive. But we know that

0:15:28.200 --> 0:15:30.600
<v Speaker 15>there are a lot of homeowners locked into their house.

0:15:30.640 --> 0:15:33.200
<v Speaker 15>They would move if they could, but they're they're waiting

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<v Speaker 15>to see those those interest rates come down. Interest rates

0:15:37.000 --> 0:15:40.800
<v Speaker 15>is an issue where Donald Trump still has an advantage,

0:15:41.160 --> 0:15:43.920
<v Speaker 15>but again. If rates can continue to come down, that

0:15:44.080 --> 0:15:47.120
<v Speaker 15>might be something that by election day is going to

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<v Speaker 15>be to the benefit of comers.

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