Transcripts For BLOOMBERG Bloomberg Bottom Line 20140806 : c

Transcripts For BLOOMBERG Bloomberg Bottom Line 20140806

Stocks and stories making headlines today. On the ebolaorts outbreak in west africa. But we begin with still mattingly on the primaries and the impact on the Republican Party. How are you . This week marks the end of what has been an intense battle inside the Republican Party between the Tea Party Wing and the establishment wing. The total for that battle 135 Million Dollars. That is what we totaled. An immense amount of money that really split the party in two. The key question has been throughout, who will be the winners coming out of this . It is a bit of both. On the establishment side, you have the u. S. Chamber of commerce, the nra, the super pacs. You have on the tea party side, groups like club for growth and the Madison Square project. The big winners throughout at least on the senate side, appears to be the establishment, with the slate they are bringing to the election, largely the individuals with big money are better than the last three cycles. Talk to us about democrats. What have they been doing throughout this entire process . Everyy are thrilled with single dollar spent against another republican. No question about that. There is some wariness. There is make knowledge that when you talk to democratic operatives in the states and in washington, republicans have a great map and good candidates. However 130 5 million, that is a whole lot of money not being spent against the democrats. Million, that is a whole lot of money not being spent against the democrats. They are getting free shots at potential candidates and watching money leaves the Republican Party. A positive for them that these battles happen. A negative in the sense that republicans are bringing better candidates to the table. Republicans feel that they are working with a much larger map of possibilities than even they thought possible. Where do they think they can play . Mark, i think this is the most interesting part of the last couple of months. If you think back to 2013, you would never think there would be into 12 states legitimately play. Michigan, colorado, a serious threat for democrats. Even if republicans do not defeat, they will have to spend money. That is money that cannot go on the offensive in places like georgia and kentucky. The public and still very good. The map is expanding. Joining us. Ingly we will have more on how the primaries could affect the Midterm Elections with chuck gabriel, the founder of a partners. Pha partners. It is the worst ever outbreak of the ebola virus. Bloombergs yang yang is in washington, and no sign of this stopping at this point . That is right. A 930 deaths reported. Cases between new august 2 and august 4. Not included in those numbers, in additional death in nigeria and a man suspected of having contracted ebola died today in saudi arabia. British airways says it is suspending flights to liberia and sierra leone until august 31. This after Emirates Airlines halted flights to get any now we are awaiting the results of a geneva, to learn whether this is declared a outbreak of public concern. We will not get that until friday. The have convened a panel to look at experimental drugs, like the ones used on the two american patients. Joiningight, yang yang us from washington. Thank you very much. Our hans nichols is joining us from washington. He has been covering the summit this week. Flying in from his position in europe to help us out. Talk to us about what are some of the main takeaways from this for him forum . Yesterday was about investment and growth, and frankly a return on investment. Today it is more what you can do to guarantee stability, guarantee transparency. Nearly 50 hates of state heads of state are here in washington. No individual meetings, i should note. There has been a little consternation on that. The focus is on transparency in government and what president obama made clear this morning, the burden is on african leaders, african heads of state to start delivering on good governance. To talk. Not here just we are here to take action, concrete steps to build on africas progress and forge a equal partnerships that we sick. Tangible steps to deliver more prosperity, and more justice to our citizens. Good governance is a byword for lack of corruption. Newe were 14 billion in deals yesterday. 2 billion from general electric. But there was shockingly little on what might be done to hear and see those investments. That is the focus today. , what is the followup to this forum . All of theowup is business contacts created and forged yesterday. Yes, there is the official summit. Being made. E deals it is those individual contracts that will be the followup to start seeing growth and investment in africa. They are clearly excited about electrification. 70 of the continent is without power. That is a massive opportunity for some pennies like general electric. Companies like general electric. This is clearly an investors continent. Hans nichols, joining us from washington. Thanks. Coming up, the ambassador for palestine to the United Nations will offer his perspective on negotiations for a more lasting truce between hamas and israel. Bottom line on Bloomberg Television continues in just a moment. The Gaza Ceasefire between israel and the maas is holding for a second day as negotiations for a more lasting peace in cairo continue. Theriyad mansour is ambassador for the nation state of palestine to the United Nations. Thank you for joining me. Do you think that the ceasefire will hold . It will hold. Only for about 72 hours. We hope to go beyond that. We have a delegation in cairo. The delegation from israel, i believe, is in cairo as well. We are in negotiation with the egyptians to put the ceasefire not only in place tom of but to let it in place, but to let it be therefore a longer time and begin addressing the underlying causes of this conflict. It is clear from what youre saying that president abbas and his delegation are in control of this part of the conference, but hamas has a seat at the table. Are they invested included in the delegation. The National Consensus government reflects all of the among the palestinian people. We established that in april. Of the second of june, president abbas succeeded toforming a government represent the palestinians, including those of hamas and jihad and all groups. But, sir, hamas has been in since 2007. Aza is that part of the problem . Hamas as agroups see terrorist organization, as some have said, and not a legitimate government into tea they can do business with to have a lasting peace between israel and palestinians legitimate Government Entity that they can do business with you have a lasting peace between israel and palestinians . Group under the leadership of president abbas speaks on behalf of everyone, including hamas. It will stick to whatever we have agreed with the International Committee and israel. This government speaks on behalf of all palestinians and there are representatives of hamas in this delegation in cairo. Things that they want, are they mutually exclusive . Does the Palestinian Government under Mahmoud Abbas want Something Different than what hamas or jihad wants question mark we do not have differences among us with regard. O having ceasefire we respect to everyone. We are also united in the in restricting the siege of the gaza strip to allow our fishermen to reach 12 miles into the Mediterranean Sea where most of the fish are, a major source of food, to be able to access that, and to begin the process of reconstruction of gaza, among other issues. You bring up the blockade. From the israeli point of view, they are concerned about opening up that border and lifting the blockade because they are not be convinced it might just for economic, consumer reasons, that folks that might go over there and do israel harm might cross into the border. How do you respond into that . Those suffering from this palestinian8 civilians. There is a global consensus and calling for leading lifting that blockade. But as Prime Minister netanyahu has said, he is told reporters on various occasions, i believe his statement was, you dont live here, so you dont understand what is going on here. If anybody else is calling for the lifting of the blockade, you are not the ones who live in that area and deal with they are dealing with everyday. We live in that area. 1. 8 million in gaza. There are International Agencies who live with us. They know the situation. Are other International Associations including the International Red cross along and individuals working on behalf of government, particularly from europe and the usa, who are very active in the known situation in gaza. The civilian population is suffocating in gaza. That situation cannot stay as it was before this last conflict. It has to end. Sir, as you know, Prime Minister netanyahu has said the same thing. The civilian population in israel is suffering because of rockets being launched into israeli territory. You called them during the press conference. Terrorist tunnels being used not to smuggle goods, but weapons that can be used against israeli citizens. In his opinion, there is suffering on both sides. I know what he says, but lets look at the facts. The fact that we have close to 2000 palestinians killed. 85 of them are civilians. A great majority of them are children. Injured. 85 of them are civilians. 3000 are children. There is no justification for killing and destroying the lives of so many palestinians. Families lost at least three members of their family. They were wiped out completely. Half a million were displaced. 30 of our population. That is the reality of our people in the gaza strip. But mr. Ambassador, would this be happening israel said it launched this campaign to root out hamas. It said it could not deal with this. The Prime Minister said no country on earth would allow its citizens to be subjected to daily rocket fire without responding. The same Prime Minister is the one who struck the ceasefire deal with hamas two years ago, and that deal was in place and lasted for two years. Consensushe National Government was established and he declared war against it he does not want us to unify our homeland, the gaza strip and the west bank, including East Jerusalem. He wants us to remain divided and weak. Therefore he started this war after the formation of the National Consensus government, after he struck a deal with struck anuanced deal with a moss. And he says that hamas started this war. Two weeks was the International Community misinformed . No, the International Community did not know that. The last episode of this conflict took place in two fold. The first two weeks were in the west bank in which 13 palestinians were killed, or including the boy who was kidnapped and East Jerusalem and buried alive. Includingalestinians, 34 elected officials, were arrested. Into hell ford the people in chevron, jerusalem jerusalem, to show that president abbas cannot protect his people. Ok. Some smaller groups fired rockets and the war started in gaza. Norway is saying they might want to host a conference in september for palestinian reconstruction, for the areas in gaza that have been leveled now for the past month or so. How much money are we talking about . How much would be needed . The estimate is between 4 billion and 6 billion. We welcome all of those who would help us, including norway. Sir what are the assurances the International Community would receive the money would go where it is intended . I just came from a special meeting of the general assembly. They just heard the speech of the secretarygeneral. We build it up and did the war will destroy it. This time we want to build and we want assurances that it will not be destroyed again. , all right, dr. Riyad mansour from the United Nations mission to palestine, joining us. Thank you very much. Coming up what is on the menu . A look at last nights dinner for the african summit. Bottom line continues in just a moment. Two africanamerican winemakers were in the spotlight last night with their wine on the menu for the white house venue for visiting african leaders. Margaret, two of three wines from last nights dinner were from the africanamerican winemakers. How unusual is that . Hi, mark. It is very unusual. There are only a dozen prominent africanamerican winemakers in the country. We are talking more than 8000 wineries in the United States. This is less than 1 . But these are toprated wines going for 50 a bottle and a ofmendous honor for both these gentlemen. How do the wines at official white house functions get selected . These are the white coyote and the vision cellars. This is a solid young block pinot noir. Nc and often there is a tip of the hat programs. Or cultural interesting. The president has his own sommelier . It must be nice to be the top person in charge. It must be very nice. My invitation got lost in the mail. Margaret, thank you so much. 26 minutes past the hour. Our senior marketers corresponded julie hyman joining us with details. Good afternoon. Lets look at where stocks are trading right now. We are seeing more indecision in the markets right now. Energy stocks leading the gains we are seeing, but there are concerns about the canceled deals weve been talking about the bid forluding time warner. Lets look at take two interactive. The maker of grand theft auto taking a loss. Their next game evolve will be delayed until after the holidays. Shares are falling on that. And he has been looking to buy dish network. Revenue and line length analysts estimates. We will be on the markets again in 30 minutes. More bottom line is next. Welcome back to the second halfhour of bottom line on Bloomberg Television. I am Mark Crumpton in new york. Thanks for staying with us. Lets take a look at your headlines. Shares of sprint dropped as much as 20 after plans of a merger with u. S. Tmobile collapsed. Regulatory concerns outweigh the potential benefits according to a source familiar with the situation. Walmart will buy part of 15iance boots for about Million Dollars. Walgreens plans to keep its headquarters in the United States and not pursue a socalled tax and version strategy. And Russian Hackers are being blamed for stealing 1. 2 billion sets of usernames and passwords according to a milwaukee ipad based security firm. It is the largest known theft of personal information ever, but they did not name any of the companies that were hacked. That is a look at the top stories in the news this hour. Anight on charlie rose, roundtable with the president s of several west african countries. That is tonight at 8 p. M. And 10 p. M. Eastern time only on Bloomberg Television. Joining me, chuck gabriel, the ofounder and president dependent research firm, Capital Alpha partners. Good to see you. What do the primary results tell us about the current state of the Republican Party . It is interesting. The tea party has a presence, but nowhere near the edge it had a couple years ago. What is interesting is in the most important marquee race yesterday, pat roberts, the incumbent republican senator in kansas, won reelection over a , miltony challenger wolff, a radiologist. Meanwhile in michigan, you had two incumbent, tea partybacked republican candidates, sitting congressman, a split. Ne lost. And o the only question here will be there are two things juxtaposed against each other. One is, the message that republicans have positioned themselves as good as they can. A do not have any exotic candidates, as you might say. Is, if teauestion Party Supporters are not as motivated, might republicans have the motivational mismatch that a lot of people have been counting on for november . You just talked about senator dating backy his challenger. He called the divisiveness intraparty fratricide. The tea party does not view it that way. They view their opposition as principled. Will they back off in favor of control of the chamber this november . That is an important weston. That is the motivation question. Will tea party enthusiasts show up and vote for a establishment republican nominees . Republicans have to win at least six saves. Everything points to the notion they will, mark, but we shall see. Republican needs everything they can bring in a couple of those really core secondtier races like in arkansas and louisiana, north carolina, and alaska in particular. It is a very important picture. I am speaking with chuck gabriel, the cofounder and president of dependent research partners. Al alpha what do we know is the message or getting people to the polls key . It probably will be more a message of getting people to the polls. This will tend to favor republicans. In midturn Midterm Election cycles, the electorate is older,y whiter, typically more republicanfavoring. For a democrat, it will be hard to bring the kind of electorate we saw in the election years of when they brought out a lot of young people women, minorities, etc. Republicans look like they have an advantage now and if they do not have that advantage, it will be very tight and they might fall just short of taking the senate. Should the republican establishment be celebrating or is it too early . It

© 2025 Vimarsana