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Transcripts For BLOOMBERG Bloomberg Surveillance 20240711

We welcome all of you to an onraordinary friday morning Bloomberg Radio and Bloomberg Television. It is jobs day. We will look at the state of this pandemic economy at 8 30. But we will also begin to see substantial count and returns from these key states of georgia and pennsylvania. Jonathan really tight races in places like georgia and nevada, tightening in arizona and pennsylvania. That is the focus for market participants. I would go one step further. Also a focus on the senate. A reporter a little while ago said it wouldnt be a blue wave, it would be a blue mist if we got a 5050 in the senate with a Biden White House. That would really change the story. Then youve got to reshape the narrative of the past couple of days that have been driving this market. Tom we will get to the data here as we move along. Futures, 38. The dollar a little bit weaker. Gold up 50 over the last number of days. Michael holland scheduled to be with us on the market. I am still trying to find an entry poi

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

The careful counting of every ballot. Mr. Biden asks for every ballot to be counted, mr. Trump says he will go to the Supreme Court. Good morning. The news flowing every hour. Francine lacqua, it is pretty much as we expected, and we have not only seen the political results but the market gyrations in the last 24 hours. Francine tom, there are two outcomes the markets were fearful about, and those outcomes can much more possible in the last 24 hours. First, the joe biden presidency with a Republican Senate. We could have that. It is still mathematically possible. The other one, of course come a very contested election. If you listen to what President Trump said about an hour and 10 minutes ago, it is very clear that he wanted to go to the Supreme Court, ask that the Supreme Court step in, because unclear why, tom, because we are still counting votes. There is absolutely no evidence that something has been done wrong, but certainly fighting words from President Trump, and that will put

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Lets listen to the candidates first. Trump we already have one. Mr. Biden we believe we are on track to win this election. We won states would not expect to win. Florida, we won by a lot. Mr. Biden we are going to win pennsylvania. Pres. Trump we are going to the u. S. Supreme court. We want all voting to stop. Mr. Biden we have to be patient until the hard work of tallying the votes is finished. Tom that was 90 minutes ago, maybe two hours ago. Greg jarreau with us, truly an expert on elections. We could have six conversations with him this morning. Kevin cirilli told me three days ago go to wisconsin, and he of course was right. Milwaukee,ll of 169,000 ballots has shifted the tone as well. Does a pro like you right now have any understanding of the mailin ballots that remain in green bay, the mailin ballots in georgia, pennsylvania, and the rest, or are we blind until we see them . Greg in some states it is hard to say how many votes are outstanding. Michigan still has a lot of votes

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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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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

And say there was not a lot of politics or policy. Look at the post to see who won, but the wider implication is that it was chaotic. It was acrimonious. Think it is going to be hard to get a clearcut winner, or certainly it will be tense. Coverage in washington, driving the story forward to october 15. A town hall meeting in miami. First world news in new york city, here is ritika gupta. Ritika it was billed as the first president ial debate, but last nights event in cleveland quickly slipped into chaos. Insults drowned out ideas. At one point, President Trump and joe biden battled over coronavirus. He knew it was a deadly disease. What did he do . He is on tape acknowledging he knew it. He didnt give us a warning because he didnt want to panic the people. You dont panic, he panicked. The only thing i have not done a good job, thats because of the fake news. Better what you say, they give you fake press. They give you good press and they give me a press because that is the way it is.

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