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Transcripts For BLOOMBERG Bloomberg Markets Balance Of Power 20240712

White house in the east room. With 400 of his closest friends. Thanks to mary a parker. Emily wilkins is covering the biden campaign. Emily the Vice President began his day in delaware. He visited the grave of his son beau biden. He said his sons passing was part of the reason he decided to launch this third for president. He visited scranton pennsylvania and is now just leaving philadelphia. We are expecting him on the stage in wilmington, delaware. We do not know whether we will be able to have a president ial announcement at that point, but we are expecting joe biden to address the nation. David Emily Wilkins will be with us throughout the evening as well as she covers the Vice President s campaign. The markets have been watching the election closely. We turned to Abigail Doolittle for what they are telling us today. What are they saying. Abigail we have investors interested in stocks. A very big rally on our hands. The s p 500 up 2 , its best day since june. Investors wanting in. I

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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240712

Today sonal desai, Franklin Templeton cio. There is a narrative out there that regardless of what happens in two weeks time, things will be ok, someone will deliver a fiscal package. How misplaced is that comfort that things will be ok . Sonal i think you have to break this up. First of all, the idea that within two weeks we will certainly know one way or the other. We dont know that for a fact. Over the last several months, the market has become increasingly comfortable with the idea that mailin voting will happen, we will have a blue suite, and it will be clear shortly after the election. And the election will not end up in court. It is a little risky to discount that completely. That is the first thing that could create a certain amount of nervousness in markets. The second issue is that fiscal package. Right now, we have come full circle of markets being concerned about a blue sweep to actually welcoming one because they are eyeing an eye watering we large fiscal package into next

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Transcripts For BLOOMBERG Bloomberg Markets Americas 20240712

Continues to face criticism journalistlling of jamaal khashoggi. The Trump Administration is wideranging Immigration Enforcement arrests last next month. Those raids would take place in cities and jurisdictions that have adopted socalled sanctuary policies. The move is seen as amplifying the president s Law Order Campaign message. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york. I am vonnie quinn. Welcome to bloomberg markets. Stocks are climbing today as lawmakers in the white house appear closer to reaching a stimulus deal, even as a bitter president ial debate raises concerns about a chaotic election. Standing by for the taping debut, set to become one of the most valuable companies. Cuts set by Job Companies in the last 24 hours. The latest as you look ahead to fridays jobs report. It check of the markets now, we are seeing

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Transcripts For BLOOMBERG Bloomberg Balance Of Power Vice Presidential Debate 20240712

The Supreme Court, and health care. With me throughout the night are bloomberg contributors rick davis, partner at Stone Court Capital and jeanie, professor of Political Science at iona college. The economy, both candidates have been in debates before. Vice president pence against tim kaine four years ago. And senator harris against all the other Democratic Candidates for president earlier this year. And this is what they have had to say about the economy in prior debates. In the wake of a season where American Families are struggling in this economy, under the weight of higher taxes and obamacare and the war on coal and the stifling avalanche of regulation coming out of this administration, Hillary Clinton and tim kaine want more of the same. And youre measuring this greatness of this economy of yours, and he talks about the stock market. Well, thats fine if you own stocks. So many families in america do not. David ric davis, what we just heard from Vice President pence in that last f

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Transcripts For BLOOMBERG Bloomberg Markets European Close 20240712

Little bit of buying pressure, 1. 61 . The s p is up by 6 10 of 1 . If you take a look at the sector breakdown, it will be a little more defensive than the headline numbers will indicate. , talking about the fact that the ecb is taking the currencies single level into account. Alsolso ha watching what is happening with the pound as well, and the russian ruble, because we have seen the ruble coming under pressure as a result of what is going on with the navalny poisoning, germany confirming unequivocally that as a result of recent tests, they are now able to confirm that he was wasd with not a poisoned. Will that result in sanctions . A big move, big move against the ruble. We will come back and talk about that later in the program, alex. Alix Prime Minister Boris Johnson and Opposition Leader are facing off today in the house of commons for the First Time Since july, and that comes as johnsons government announced another uturn and policy, as you were just saying, keeping local lockdow

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