Election that may lead on for a while. Jimthan joining us now is karen of morgan stanley. Lets start with that question on the election. So many things we have been told to care about have not ended up mattering. Is the election any different . The election will matter, i just dont know when. Going into the election, there will be some risk that needs to be taken off the table, but when we think about both candidates, what is the main driver for the Economic Policy . The pandemic. Do we get a vaccine, second lockdown. That will be the main driver. If you think about a bride and presidency, you have to see growth coming from the fiscal side, expansion. If it is a trump presidency, probably more from the private side. Either way, both politicians have a plan to generate growth. It is up to the voters to decide which is better. I think both are going to matter. The point that another person brought up earlier, if there is a contested election, thats a problem. Markets can deal with uncert
Stabilityas brought he brought his three arrows around Monetary Policy, fiscal policy, economic reform area how long will those policies be . Arried on in japan it is certainly something moving fx markets. Tom our Stephen Engle with us in a bit. To 1955, between essentially the rural party, the natural lbp party, and the parliamentarians. Mr. Abe has straddled that divide for many, many years. With our news in new york city, heres what heres ritika gupta. Ritika the longest serving Prime Minister in japans history is resigning. Shinzo abe is stepping down after eight because of Health Reasons after eight years because of Health Reasons. Reports say he has been undergoing treatment for a chronic digestive condition. He agreed to stay on until the ruling party picks a successor. Donald trump made his case for a second term last night at the Republican National convention. He promised to create 10 million jobs in 10 months enter in the u. S. Into a manufacturing superpower. Pres. Trump in
Stocks are up, all of that to do with powell. The dollar weakness also to do with powell. Real trends in the euro and the pound. Tom no question about that. Right now our first word news in new york city, here is riddick gupta. A Ritika Ritika the longestserving Prime Minister in japans history is resigning after eight years because of health reasons. The government has provided few details. News reports that he has been undergoing treatment for a chronic digestive condition. He plans to stay on the job until his party picks a successor. President trump made his case for a second term and last nights Republican National convention. He promised to cut taxes, and create 10 million jobs in 10 months and turn the u. S. Into a manufacturing superpower. In the new term as president , we will again build the greatest economy in history, quickly returning to full employment, soaring incomes and record prosperity. Ritika the president also warned that joe biden cant be trusted to deal with the
Last 10 years. That doesnt get it done. Guess what . Job cuts. Lisa how much more can Central Banks do to juice job growth at a time of zero Interest Rates . I find it fascinating that coke is offering voluntary separation programs with its employees, read, job cuts. More interestingly, yesterday salesforce. Com, one of the winners of this, and also job cuts. Tom cocacola managing the message as they always do. I dont know what their cute phrases for firings. Lisa separations. Tom exactly. That is just as phony as all of the rest of the. What is so important in that set of announcements across the bloomberg, as they make clear this is an International Strategy to right size on 86,000 employees right now, what we really need is a morning brief. Where you start . Lisa at 8 30, ancient history, which is u. S. July income and spending data for individuals. This is very backward looking based on how quickly the jobless benefits are running out and the changing scenario. We are also going to
Extraordinary august. We had such important conversations. Lets get to the data quickly. And3, dow futures up 132, we are all casual. Chairman powell was casual yesterday. Im sure mr. Kaplan will be casual for Michael Mckee in a moment. Thein the time of within tumult, everyone is being casual. Lisa are we going to keep the bowtie . This is going to be the question as the fed shifts their inflation their inflation policy. Lisa this is an important conversation, as he spoke to James Bullard yesterday, as we spoke to William Dudley moments ago. Michael mckee advances the discussion with mr. Kaplan of dallas. Michael thank you, tom. Good morning. Thank you very much for joining us today on Bloomberg Radio and television worldwide, and thank you for not wearing a tie and not making, adhere. [laughter] not making tom look bad here. Robert i try. Michael there are those who safety framework review changes all well and good, but what makes you think you can even get to 2 inflation, let alone