Grounds. Nikei down. 4 . The japanese yen hold steady against the u. S. Dollar. Industrial production beating estimates. The asx 200 down 1. 5 as the aussie dollar continues to strengthen against the u. S. Dollar. Quarter end demand from iwiorters as well, and k stocks reversing yesterdays losses. Holding steady after falling for the lowest level in a week. Steady ahead of the first u. S. Debate. Continues to lose ground after a touched the lowest level in almost two weeks. We are seeing the offshore yuan holding steady. We might see some china bashing in that debate. That is it from daybreak asia. Coveragemarkets returns at 11 a. M. Hong kong. This is bloomberg. From bloomberg headquarters to our tv and Radio Audiences, i am david westin. Welcome to a special edition of balance of power, coverage of the first president ial debate. President donald trump and joe biden will share a stage for the first time tonight in cleveland as they debate each other at a campus shared by case western
Donald trump and joe biden will take the stage for 90 minutes. Six topics on the table. The big question, will the candidates do anything tonight to change the course of this race . President tru behind right now, has been for months. And our statistics guru nate silver at fivethirtyeight calculates that joe biden has a 78 chance of winning the white house. But there are three debates, five weeks to go and President Trump has a history of shaking things up. Our chief White House Correspondent jon karl is on the scene in cleveland. George, donald trump goes into this debate with his back against the wall. By every publicly available measure, he is losing this race. Trailing in the national polls. No consistent lead in any of the top dozen most competitive battleground states. He needs to change the dynamic of this race and tonight is the best chance for him to do it. Hes been here before, four years ago, his campaign was collapsing and he turned it around in part with a debate. And goin
Joe biden. After months of lobbing longdance attacks, aides for both candidates say tonight the gloves and the masks will come off. The two men arrived at the debate hall at Case Western Reserve University in cleveland a short time ago. They were not expected to shake hands because of the coronavirus pandemic. Lets not forget as we come on the air tonight, this virus has killed more than 205,000 americans. This pandemic has led the u. S. Into its worst economic cracks since the great depression. More than 26 million americans are claiming unemployment benefits. And two late developments have thrown a lit match into an alreadyvolatile race. The republicans effort to quickly replace the late Ruth Bader Ginsburg with conservative judge Amy Coney Barrett and the latest revelations about President Trumps taxes. So the stage is set for this first showdown. There will be no opening statements. Chris wallace of fox news will be asking the questions. He was chosen by the president ial debate co
Here is the game plan for this evening. There will be six 15 minute rounds with the entire debate lasting about an hour and a half. No commercial breaks, no opening statements. Topics include the following covid, the Supreme Court, the economy, race and violence, the trump and biden records and the integrity of the national election. In a moment we will hear from Chris Wallace make his introductory remarks here at the Cleveland Clinic. We want to bring in tom bevan, cofounder and president of real clear politics. Good evening. Donald trump as we know is the incumbent. He is looking for the chance for the American People to rehire him for another four years. Layout is challenged tonight, tom. First he has to present a defense of his record, what hes done, and then also has to present a vision for the next four years. He is going to center that primarily a thinker on the economy, which is the number one issue in the minds of the American People. The single issue where Donald Trump Holds
Chris wallace. And the stakes, well, theyre high. The presidency and the future direction of the country on the line tonight, lester. Theres a lot of ground to cover, savannah, over the next 90 minutes. The candidates records, including President Trumps tax returns, the Supreme Court vacancy, the pandemic, the economy, racism, and civil unrest, and the integrity of the election itself. We may need a little longer than an hour and a half. The Debate Commission has set the rules and has determined, by the way, that the moderator is not responsible for factchecking the candidates tonight. But our team is standing by to do just that and to offer expert insight and analysis. And for live Fact Checking during the debate, go to nbcnews. Com. Well go first to correspondent Hallie Jackson inside the debate hall. Hall hallie, what are you hearing from both camps . Two different candidates and two different kinds of debate prep thats been happening. Sources close to President Trump, for example,