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Transcripts For BLOOMBERG Bloomberg Surveillance 20240711

Bloomberg radio, bloomberg television. Earlier this morning, mr. Macron in his military, earlier london at whitehall, the british military, prince charles, i believe, in attendance there, and jon, you have to wonder who shows up with President Trump today on veterans day in america that is a mystery. Jonathan we mark veterans day in the United Kingdom as remembrance day, the 11th day on the 11th month. We will see the president today, and that is important. Whether we hear from the president , two different things, and we would like to hear from the president to see where he stands on the contested election. It has been building up, particularly over the last couple of days. Tom were going to go to market right now. , one, lisaexplain abramowicz is not with us today, an important day off for her come up in the catskills trying to find the proper word for the fourth thursday of november. Dow futures up. Look at the vix, under 24. Jonathan this market is balled up. Jp morgan calling it m

Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Come on, jon. Theent an hour reviewing dynamics. Theres been a real deterioration. Mike Allen Publishing moments ago for axios, and he melds the two stories together. Hes focused on wisconsin and montana being those swing states with huge pandemic issues. Jonathan and yet, wheres biden and harris going to be this week . Biden in georgia, harris in texas. Who would have thought that was to the election, those are the two places they would be. Tom georgia has really been front and center. Londonitical analyst in Francine Lacqua mentions she is focused on george as well. Jonathan new restrictions across the continent, and what are we not talking about this morning . We are not talking about stimulus conversations. This market adjusting lower. Lisa perhaps you can blame the fact that we havent gotten a fiscal deal. Week, wasch a huge andt days to the election, the data does stay pretty soft. 10 00 a. M. , we are getting u. S. Newhome sales. Expect deceleration in the full number based not

Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L

Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Salt lake city, you. Hugely consequential city, utah. Hugely consequential. Rudy giuliani will join us, the former mayor of new york city. We hope to get ample time to speak of his health, the health of many in the white house, and his thoughts on the path forward for his president. Weve got Market Recovery off the shock of yesterday. What is the character of recovery you see . Jonathan equity futures up 0. 7 . The bond market down, treasury yields higher. The president backing away from talks with House Speaker nancy pelosi. I have to say, the administration looks really aligned wit Senate Republicans in a way it hasnt, offering a slim bill, offering a checks to americans. There used to be three positions. Now it looks much more like t wo. The difference is i dont thing that spread can reconcile before the election. Futures lifting up 24. That is a high for the session. We are roughly back to where we were for that profound tweet from the president yesterday. Two tweets following in t

Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

The cigarette issue here is the dynamics of the polls. I will be honest, im confused. I have people saying it has gone better for Joh Joe Biden in the last 1218 hours. Others saying that. Trump has done better in the days. Hree or four jonathan one thing we have not mentioned in the last 60 minutes, and i will mention it right now, tom, nashville. One of us out of the theory has actually played and entertained an audience on guitar and the microphone down in nashville. Tom let me set that up for you. [laughter] belmontthis is university, which is a Christian School but has been dis affiliated a little bit from this history points. It is a spectacular Music Program that the two candidates defend on. What is important is not so much the distance to auditorium, the distance to the grand ole opry outside nashville, or even to the acclaimed bluenose cafe. It is two blocks from the pancake pantry. And that is all that matters. Jonathan that was the perfect what do you call it, sa gooey [laug

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