Its about your dignity. Its about respect. Its about your place in the community. Its about being able to say honey, its going to be ok, and mean it. Ive never forgotten those lessons. Thats why my economic plan is all about jobs, dignity, respect, and community. Together, we can and will rebuild our economy. And when we do, well not only build that. Well build a better, with modern bridges, roads, highways, broadband, ports and airports is a new foundation for economic growth, with pipes that transport clean water to every committee, with 5 million new manufacturing and Technology Jobs so the future is made in america. With a Health Care System that lowers premiums, deductibles, drug prices by building on the Affordable Care act hes trying to rip away. With an Education System that trains are people for the best jobs of the 21st century. Theres not a single thing American Workers cant do. Adn and where cost doesnt prevent young people from going to college and student debt doesnt crush them when they get out. The childcare and eldercare system that makes it possible for parents to go to work and for the elderly to stay in their home with dignity. Immigration system that powers our economy and reflects our values, and with newly empowered labor unions. Theyre the ones that built the labor class. With equal pay for women, with rising wages you can raise a child on, a family on, and yes, were going to do more than praise our essential workers. Were finally going to pay them, pay them. We can and we will deal with climate change. Its not only a crisis, its an enormous opportunity, an opportunity for americans to lead the world in clean energy and create millions of good paying jobs in the process. And we can pay for these investments by ending loopholes unnecessary loopholes, and the president s 1. 3 trillion tax giveaway to the wealthiest 1 and the biggest most profitable corporations, some of which are not pay any tax at all. Do not pay any text at all. We dont need a tax code that rewards wealth more than it rewards work. Im not looking to punish anyone. Far from it. But its long past time the wealthiest people in the biggest corporations in this country pay their fair share. Social our seniors, security is a sacred obligation, a sacred promise made. They paid for. The current president is threatening to break that promise. Hes proposing to eliminate a tax that pays for half of Social Security without any way of making up for that lost revenue, resulting in cuts. I will not let that happen. Were your president , going to protect Social Security and medicare. You have my word. Voicesthe most powerful we hear in the country today is from our young people. Theyre speaking to the inequity and injustice growing up in america, economic injustice, racial injustice, environmental injustice. I hear their voices. If you listen, you can hear them too. Whether existential threat owed by climate change, the daily fear of being gunned down in school, or the inability to get started in your first job. It will be the work of the next president to restore the promise of america to everyone. And im not going to have to do alone, because ill have a great Vice President at my side, senator kamala harris. Shes a powerful voice for this nation. Her story is the american story. She knows about all the obstacles in the way of so many in our country, women, black women, black americans, south asian americans, immigrants, the left out and the left behind. But shes overcome every obstacle shes ever faced. No ones been tougher on the big banks and on the gun lobby. Calling been tougher in out the Current Administration for its extremism, his failure to follow the law, its failure to simply tell the truth. Both draw from our families. Thats where we get our strength. Kamala, itss doug and their families. For me, its jill and ours. After losing my first wife in that car accident, jill came into my life. She put our family back together. Shes an educator, a mom, a military mom, an unstoppable force. If she puts her mind to it, just get out of the way. Shes going to get it done. She was a great second lady and great shell make a first lady for this nation. She loves this country so much. And ill always have the strength that can only come from family. Hunter, ashley, all our grandchildren, my brothers, my sister, they give me courage. They lift me up. While hes no longer with us, bo inspires me every day. Bo served our nation in uniform. A year in iraq, a decorated iraqi war veteran. So, i take very personally and a profound responsibility to serving as commanderinchief. Ill be a president that will stand with our allies and friends and make it clear to our adversaries the days of cozying up to dictators is over. Under president biden, america will not turn a blind eye to russian bounties on the heads of american soldiers. Nor will i put up with foreign interference under our sacred democratic exercise, voting. Always stand for our values of human rights and dignity. Ill work in common purpose for more secure, peaceful, and prosperous world. History has thrust one more urgent task on us. L we be the generation that wipes out the stain of racism from its character . I believe were up to it. I believe were ready. Just a week ago yesterday was the third anniversary of events in charlottesville. Close your eyes. Remember what you saw in television. Remember seeing those neonazis and klansmen come out of the field with lighted torches, veins bulging, spewing the same antisemitic bile heard across s. Ope in the 1930 remember the violent clash that ensued. And remember what the president said when asked. He said there were very fine people on both sides. That was a wakeup call for us as a country. And for me, a call to action. At that moment, i knew id have to run. My father taught us that silence was complicity. I could never remain silent or complicit. We were in, i said the battle for the soul of this nation. And we are. You know, one of the most important conversations ive had this entire campaign was with someone who was much too young to vote. I met with sixyearold gianna floyd the day before her daddy, george floyd, was laid to rest. Shes an incredibly brave little girl. And ill never forget it when i leaned down to speak to her. She looked in my eyes and she said, and i quote, daddy changed the world. Daddy changed the world. Her words brody deeply in my heart. Maybe George Floyds murder was a breaking point. However its come to be, however its happened, americas ready, in johns words, to lay down the heavy burden of state at last. Work of rooting racism. Systemic American History tells us its been in our darkest moments weve made the greatest progress, that weve found the light. In this dark moment, i believe were poised to make great progress again, that we can find the light once more. Many people have heard me say this but i always believed you could define america in one word possibilities. The defining feature in america, everything is possible. That in america, everyone, and i mean everyone, should be given an opportunity to go as far as their dreams and their godgiven ability will take them. We can never lose that. In times as challenging as these, i believe theres only one way forward. As united americans, a united america, united in our pursuit of a more perfect union, united in our dreams of a Better Future for us and for our children. United in our determination to make the coming years bright. Are you ready . I believe we are. This is a great nation. Were a good and decent people. For the sake, four lords sake, this is the United States of america. Theres never been anything we havent been able to accomplish when weve done it together. An irish poet once wrote, history says dont hope on this side of the grave. But then, onceinalifetime, the long for tidal wave justice can rise up and hope in history rhyme. This is our moment to make hope and history rhyme, with passion and purpose. Let us begin, you and i together, one nation, under god, unite our love for america, united in our love for each other. For love is more powerful than hate. Hope is more powerful than fear. In light is more powerful than dark. This is our moment. This is our mission. Now history will be able to say that the end of this chapter of american darkness began here tonight, as love and hope and light join in the battle for the soul of the nation. And this is a battle we will win and well do it together. I promise you. Thank you and may god bless you and may god protect our troops. Good night. David we have been listening to joe biden accepting his nomination at the Democratic National convention, which concludes the convention as his wife comes out to give him a hug. And people are applauding as you, as it were on zoom, as it were. Is not known for stirring speeches. But about 25 minutes long. At the very beginning, he said this is a time of great peril, but also great possibilities. He said character, compassion, and decency are on the ballot. He went through the issues important to him if he were to assume the role of president of the United States, leading off with no covid19 going into jobs, climate, and security of the elderly. Still with us are rick davis and jeannie zana for some final thoughts. What was your reaction . Jeanne i dont know if ive ever seen joe biden quite as emotional as he was, and really pulling at the heartstrings and imploring people that he could bring back the lightness, bring back the hope to the american public. And i think to that extent, i was surprised by how effective i thought the speech was. I thought they also did a very good job of showing him up close, speaking in a very personal manner to the american public, and as you mentioned, talking about the four crises and ending on the issue that got him into this campaign, which was charlottesville and the president saying after the White Supremacists march that there were good people on both sides, which he said stirred him to run. And now, after all of that, in 50 years in public service, he has now wrapped up this nomination. It was quite a night. David he did set priorities. He said we have to address the thing we have to address before anything else, and that is the disease, saying well never get the economy back on track, we will get our lives back on track until we beat this virus, and really condemning, its fair to say, president for his handling, saying it didnt have to be this bad. Rick thats right. He was going to be the optimism to trumps pessimism, and the theme of the whole speech was light versus darkness. Finally, a backdrop that looked president ial in this convention. I thought the whole thing was staged very nicely and he was weber hearst. That speech well rehearsed. That speech was flawless. Anyone waiting to see, waiting to see if he tripped up, donald trump with his trigger finger, he will be disappointed because joe biden did a great job. Day one of his presidency is to get on getting this Covid Response done right, and he added his map National Mask mandate, which has dubious legal ramifications, but nonetheless he has a plan. I think that was the other thing. He also went after all of the advantages trump has over him. He talked about giving him security in their homes, so he was addressing some of the issues of law and order. He talked about jobs and building the economy, manufacturing. He wasnt going to cede anything to donald trump. He really went after the trump strength in addition to pushing his own advantages. And i would say even the targeting we talked about earlier who was he talking to . It was pretty clear tonight it was swing voters and disaffected republicans who make up a winning margin for him on top of what was likely to be a pretty fired up, credit basis. Democratic bases. David you actually get together physically as opposed to this virtual experience. Jeanne i dont think were going to know. Democrats had to move their convention because of covid. What were seeing on the screen now is something months ago, americans wouldnt have been familiar with. But celebrations of birthdays and now democratic conventions that are done social distance, which seemed quite familiar now. It is quite a moment to see this. And i do think that they may get something of a bump, but you can bet the president and his team are going to come back hard early next week and try to dampen whatever bump they get. David its interesting, as we leave here, if youre watching television, the bidens and harrises going to an outside public form, so there is a live crowd at the very tail end of this convention and theyre waving to the crowd, which is applauding them. Our thanks now to rick davis. Im sorry. Im told we should stay on. Were going to take this live . Oh, we have fireworks too. Theres fireworks in addition to the backdrop of a huge american flag, waving at the crowd. Theres a little spontaneity. So there a bit of a spectacle for people on the radio. It appears what looks like a drivein movie. For those of us old enough to remember that, a lot of people have come in their cars, leaning out of their cars, and applauding as fireworks exploded. Rick davis, how does that do for you . Does that warm the cockles of your heart . Rick absolutely. Ive done a lot of parking lot rallies in my time and this is a classic of americana. This is how concerts are held now, in walmart parking lots. This is how you go to a movie, in a parking lot. You sit in a pickup truck and you enjoy yourself in a socially distance fashion. And i think this is a great finish for this convention because weve been debating all week whether or not the impact of a Virtual Convention is something that was going to have a resident political bump for them resonant political bump for them. Heres some oldfashioned looking rallies. I hope we can see more of this during the campaign because i do think that this is what america sees as a political campaign. David completely right. I want to explain for people listening on the radio, its an oldfashioned rally with one difference. Both the president ial candidate and his wife have masks on. But are longdistance, nevertheless they have their masks on outside. They are setting the example, as we heard from the speech, he said one of the things he would do, everybody wear a mask. Jeanne a National Mask mandate, something the current president has not gone with. And i have to tell you, im reminded of ronald reagan. , forget about the words the picture matters more. This is quite a picture of america today, with the fireworks and the flags and the cars, everyone social distanced and masks, very excited to see the bidens and harrises. David is someone who staged this, i wonder if they saved this for the end for a reason, because its a surprise. Rick i do think its different. I think their thinking, how do i think they were thinking, how do we finish this off . There is no question the technology reigned supreme and it came off pretty much without a hitch. But i think theyve got to connect back into the pulse of america. By the way appropriating some of Donald Trumps tactics. He had a rally in pennsylvania. He didnt wear a mask, but probably half the crowd didnt wear a mask, but you can still have these events. You can still do them responsibly. And it takes leadership, like biden is doing right now. Im sure the last thing he would love to have a mask on, but its the prudent thing to do. David im sorry, go ahead please. Rick now the camera swings to someone who does not have a mask on. [laughter] david one of the things were all learning, zoom and things like that, all these cars around. Most of those appear to have emergency flashers on. There is a red flashing of light throughout. Rick i think that has a lot more to do with trying to create some enthusiasm and excitement than it does any kind of put dealer safety issue. David particular safety issue. David i think youre right. Is quite areally picture that the democrats have put on here. For anybody who thought this was going to be him in a room alone talking to himself, see him talking to his wife after, this has turned out to be quite a celebration they organized right outside in a safe distance. David there is only one showman in this race. Rick during the speech, we talked about what the moment would be, and its hard to produce a moment without a crowd and the energy it produces, but i would say, bidens speech especially during the National Security portion, when he talked about his son, bo, you can tell that was an emotional moment for him, and i think that probably connected as much as any other thing. Forget the issue forget whether or not he was talking about war and peace and commanderinchief issues. His touching faith in his son and his promise of his son as a uniformed military servicemen really came through. He projects a lot of empathy anyway, but i thought that was one of the high points, as a way for him to touch the public. David and we have seen that from joe biden before, when talking about bo, but certainly you sell that tonight, as his voice almost faltered. At the same time, there was a range of emotion because he also got angry when talking about Foreign Policy and standing up to dictators. Jeanne very strong language. I think the difficulty for donald trump here is that joe biden has really up to the anti. We had talked earlier up to the upped the ante. We had talked earlier about trump pushing him as a puppet of the left. You heard him reintroduce himself to the public, saying this is me. It is going to be very difficult now for donald trump to painting as if hes not there and hes just being used by the left. Right as they also painted him as feeble. Watch this speech hes going to bubble through it. They even invested in tv commercials to answer that. Well, joe biden blew a hole in that. David well said. As they leave the state with the flashing lights still there, ll. Re going to end, as we jeanne. Ngs to rick and tomorrow on balance of power,w ell have much more. Bloomberg markets asia is up next. This has been coverage. Im david westin and this is uber. This is bloomberg. Its 11 24 in hong kong. Im yvonne man. Welcome to bloomberg market asia. Haslinda and im Haslinda Amin in singapore. Lets get straight to the markets. We have asia in the positive, reversing yesterdays losses, tracking the gains in the u. S. The loss of Technology Dr