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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Before the first tuesday of november. From london, new york, on radio and television worldwide, we are thrilled you are with us. There is market turmoil. Futures terrible earlier, now doing better. We are going to talk really interesting dynamics of the depths of the market, which is foreign exchange. We will do that in a minute. Got to look at a president who launched 10 tweets last night somewhere in the vicinity of 2 00 a. M. The president says, watch the great red wave, and that goes to his hope on tuesday. Jonathan and wasnt that the perfect gdp print to take on the campaign trail . Heres the number. Dont mention it is annualized and how big it is. Is it too late to make a difference, given how maybe will given how many have already voted in this election . The difference this time around. S much wider than we have seen at the end of the election, it in a two point lead clintons favor. On the focus of the morning november 4. Somewednesday we will have special coverage for you, but ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Tom for the International Audience and for you, i will just say that the nation stopped to see this. There is no other way to put it. Obviously a Vice President ial debate, Kevin Cirilli is on top of that. But far more, we will find the path of this virus with the president. He says he is maybe not immune. Rumor has it he is not immune, he does have the virus. So we will see on that. But far more, we will see the polling after the debate, and then the polling after this illness, and that will be fascinating. That is a great unknown. Francine and that will of course play out into how the market perceives the election on november 3. Less than 30 days away. Lets get to first word news with ritika gupta. Ritika President Trump is released from the hospital where ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

What an interesting market. It is not a normal july, and simply, it is not a normal friday. Gold almost touching 1900, better markets in the last minutes off the better than good pmi data in europe. Francine we had betterthanexpected pmi in europe, but also the u. K. It is not moving markets that much, but it is something to keep an eye on. Lets get to first word news with karina mitchell. China has dropped back, ordering the u. S. To close its consulate in chengdu because of the u. S. Decision to close the chinese consulate in houston. China serves as a key u. S. Listening post. China says its action is a legitimate one and necessary. President trump has given into worries about the coronavirus. He canceled his florida nominating convention. That was going to be the biggest event of his reelection campaign. Florida just posted a Record Number of deaths from the pandemic. The president says he did not want to take any chances. Ther ....

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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

Analysis. Kit juckes this morning was smart, smart, smart. One calculation i saw was it was only 5 of gdp, and that is a squishy number. But that aint much. You really wonder, whether be a second deal if the slowdown in europe continues . Francine it is 5 but every country has to ask for it, so it wont go to everyone depending on whether they need it or not. The other thing is that he could be the first step toward more physical integration in europe. It is a path forward, and that is probably why it is being heralded by euro files as something of a great deal. Lets get straight to the bloomberg first word news in new york city with ritika gupta. Ritika as you were discussing, it is a done deal. European Union Leaders have agreed on a landmark 860 billion economic Recovery Fund. It is split almost equally between grants and low interest loans. It will unleash vital
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Transcripts For BLOOMBERG Bloomberg Surveillance 20240712

People that have lost their jobs since march, it does not take into account the huge sways of selfemployed people in the u. K. There are many people that are away from work and not being paid, not included in these statistics. The expectation is that these numbers get significantly worse. The pressure is on the chancellor to do something to extend the current solo scheme. Single conversation point yesterday across bloomberg surveillance was mark zandi of moodys, forcefully saying the Unemployment Rate in america is not 10 , he said it is in the vicinity of 14 . With news on this tuesday, our first word news, here is ritika gupta. Ritika President Trump says he is seriously considering a Capital Gains tax cut. He told reporters he would create a lot more jobs. The president cannot cut taxes on his own, but some advisor ....

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