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Good Morning, I'm Nathan Hager.
And I'm Karen Moscow. Here are the stories we're following today.
Karen, we begin with the latest on the presidential race and a new poll showing sustained momentum for Vice President Kamala Harris's campaign. The Bloomberg News Morning Consult survey shows Harris leading former President Donald Trump by two percentage points among registered voters in the seven states likely to decide the election. The poll shows Harris ahead by one point among likely voters.
That is a statistical dead heat.
The margin of error is one percentage point across the seven states, but Bloomberg's Kaylee Line says for Harris, the results are a big momentum swing.
It might be hard for Harris and her campaign to claim now that she is the underdog in this race. Granted, we are within the margin of error in basically all of these states except Wisconsin, where this poll shows her up eight points over Trump fifty two to forty four. But any other states it is much closer.
Yeh.
Bloombergs Kaylee Lines notes Harris leads by four percentage points in Pennsylvania and Nevada, three points in Michigan, two points in Georgia and North Carolina, and the results show the candidates are dead even in Arizona. Kaylee Line says, Harris's electoral map is expanding beyond the so called blue Wall states.
Remember Joe Biden, when he was still in this race, was essentially only focused on the so called blue Wall, the rust belt stats Wisconsin, Michigan, and Pennsylvania. That was really his only clear path to potential victory for Harris. Now, looking at this map, it does open up the sun Belt for her and potentially gives her more ways in which she could go to two hundred and seventy electoral College votes when Bloombriggs.
Kaylee Lines notes the poll shows Harris trimming Trump's advantage by eleven points on the rising cost of everyday goods, but survey participants still trust the former president more when it comes to gas prices and the stock market.
Well, Nathan. The new survey comes as Kamala Harris sits down for her first interview since take over the Democratic ticket just over a month ago. Speaking with Dana Bash of CNN, Harris doubled down on her pledge to target price gouging and said her day one priority would be to support the middle class.
Prices in particular for groceries, are still too high. The American people know what I know it, which is why my agenda includes what we need to do to bring down the price of groceries, for example, dealing with an issue like price gouging.
Vice President Harris also addressed criticism over shifting positions on issues like energy and immigration. Harris was asked about her twenty nineteen pledge to ban fracking. She says she shortly backed off that stance and isn't going back.
I made that clear on the debate station in twenty twenty that I would not banfracking as vice president. I did not banfracking. As president. I will not banfracking.
Vice President Harris also told CNN she believes voters are ready to turn the page on former President Trump. Well.
Meanwhile, Karen, the former president, was at a town hall in Wisconsin. He said he watched some of Vice President Harris's interview and didn't like what he saw.
She didn't look like a leader to me.
I'll be honest, I don't see her negotiating with President She of China. I don't see her with Kim Jonglun like.
We did with Kim Jonglun.
Former President Trump also tried to flip the script on the weird label that Harris's running mate Tim Wallas has put on him and his running mate JD.
Vance. Trump said Walls is the weird one.
Well, Nathan. The former president also looked to address areas of concern for his campaign, repeating a new pledge to have all in vitro fertilization costs covered for free for.
People that are using IVF, which is fertilization. We are goment government is going to pay for it, or we're going to get or mandate your insurance company to pay for it.
Former President Trump has not provided details on how he'd mandated. The new Bloomberg News Morning Console poll shows Swing state voters trust Harris over Trump to protect personal freedom and at her lead over Trump on the issue of a abortion is widening. Fifty five percent of swing state voters favor her position, compared to thirty four percent for Trump.
All Right, Karen, Let's turn down to markets and the economy. The Dow closed Thursday session at a record high after a slew of encouraging economic data. Today traders get another key piece of data before the Fed's next rate decision. The central banks preferred inflation gauge, the PCE deflator, is due out at eight thirty am. Wall Street Time. Bloomberg's Michael McKee has a preview.
Americans appear to have ramped up their spending as the second quarter went on. Revisions to second quarter GDP released yesterday suggest we'll see a healthy jump in both goods and services consumption. At the same time inflation continues to cool still, the central bankers have indicated they are more focused on the labor market than prices at the moment.
While that will put more weight on next week's jobs report, today's data are likely to cheer Fed officials and bias them toward a quarter percentage point cut in the nation's benchmark lending rate next month. Michael McKee, Bloomberg Radio.
All right, Mike, thanks, And While the DAL climbed yesterday, the tech heavy Nasdaq finished lower, way down by in Vidio's six point four percent drop after Wednesday's blowout earnings and a tep at forecast. Gene Munster with Deep Water Asset Management says investors should stick with the chip giant it's.
A belief, a strong belief. I'm staking my career that AI is having a bigger impact than the Internet. At some point, when you're a hardware only company, there is a point of deceleration that needs to be taken into consideration. And I think that two years, three years from now, this may be a position that will trim, but we think today is the time to own it.
Gene Munster with deep Water Asset Management, says in video will continue to remain central to the artificial intelligence boom and checking shares of Nvidia this morning, they're hire of one and a half percent and.
Sticking with the AI theme.
Karen sources tell Bloomberg News and Videos discuss joining a funding ground for open AI that would value the artificial intelligence startup at more than one hundred billion dollars, and Vidia has reportedly discussed investing about one hundred million. And it's not the only big tech giant getting in on the action, sources tell us Apple and Microsoft have also
been in talks about taking part in the financing. This follows a Bloomberg report that the funding ground for open Ai would be led by Thrive Capital, which is investing about one billion.
Dollars elsewhere on the chip front. Here Nathan Intel now discussing various scenarios to stem its losses, and Bloomberg John Tucker joins us Now and John. Among the possibilities here is a split.
Yeah, Karen, that's right. Our sources tell us the possibilities include this split of its product design and manufacturing businesses, as well as which factory projects might potentially be scrapped. Intel's longtime bankers, Morgan Stanley and Goldman Sachs, they've been providing advice on the possibilities, which could also include potential m and a. Intel right now trying to navigate the
most difficult period in its fifty six year history. These discussions have only grown more urgent since the company delivered that grim earnings report. You recall that sent the shares plunging to their lowest level since twenty thirteen. Potential separation or sale of Intel's foundry division that would be an about face for the CEO, Pat Gelsinger. Gelsinger's viewed that business as key to restoring intel standing and gives you
some indication of just how serious this situation is. A shares pre market right now, they are up just over two percent. John Tunker, Bloomberg.
Radio, All right, John, thank you. Time now for a look at some of the other stories making news in New York and around the world. And for that we're joined by Bloomberg's Michael Barr. Michael, good morning, Good morning, Karen. The holiday travel rush is already underway for the long Labor Day weekend. The TSAs has more than seventeen million people expected to be screen at the nation's airports between today and next Wednesday. Experts say those hitting the roads
will fare better too. A lot of people are driving out of town, partly because of lower price at the gas pumps. Gas prices are averaging three thirty six a gallon nationwide, roughly forty six cents less than last year. Triple A's jenet did well. Typically, with any holiday, eighty five to ninety percent of travelers go by car. It's the most convenient and likely the most cost effective for a family.
If you're driving today, you'll want to leave before noon or after seven pm. A Long Island man was arrested after authorities accuse him of shooting his ex wife and her boyfriend to death inside their home after calling his teen daughter to warn her to leave. Police said that Daniel Coppola forced his way into the Saint James home late Wednesday of his ex wife Kelly Coppola and her partner, Kenneth Pullman, and allegedly shot them dead. Coappola has been
charged with two counts of second degree murder. There are growing concerns about mosquito born diseases ahead of the holiday weekend. Health officials in Wisconsin confirmed two people have now died from West Nile virus in that state this year. Cases of West Nile now in more than thirty states. John Proctor of Missouri says his teenage son is paralyzed from the neck down after being diagnosed with West Nile earlier this month, to see.
Him lethargic and struggle to do simple basic functions.
Hard In New York, crews say they will continue to spray to prevent West Nile. In Massachusetts, health officials are concerned after what's believed to be the country's sixth known person infected with Triple E, another rare but potentially lethal mosquito born virus. This week, one man died of TRIPLELI in New Hampshire. Editor at Large for Public Health at KFF doctor Celine Gownder.
Most people with triple E don't develop symptoms, but symptoms of triple E may include headache, seizures, behavior changes, and drowsiness.
About thirty percent of people who get.
Triple E die, which is why it is so serious, and many survive have long term neurological problems.
Doctor Gallander spoke to CBS Global News twenty four hours a day and whenever you want it with the Bloomberg News Now, Michael Barr, this is Bloomberg Karen.
All right, Michael Barr, thank you time now for the Bloomberg Sports Update with John Stashauer. John, Good morning.
Sopen moves into the third round today without the guy who was favored to win the men's singles. Carlos Alcarez won the Open two years ago. This year he won the French Van Wimbledon for the second time, but last night he was stunned in round two by an unknown for the Netherlands guy with a very long last name, Botic fun Deessentshal rank seventy fourth, came to the Open of the record this year of.
Eleven and eighteen.
He not only beat Alcarez, he beat him handily six one, seven, five, sixty four, here was Alcarez after the match.
So a fight against myself, you know, in my mind during the during the mats. You know, in tennis, you are playing against some that wants the same as you is to win the mats, and you have to to be as moss con as you can.
Last time, the Opens betting favorite lost this early the tournament nineteen ninety nine. That was due to an injury. Two time Open shape Naomi Osaku's back playing after long layoff at Palin having a baby, lost her second round match. The Mets won at Arizona three to two. Peter de Lonzo hit his twenty ninth home run, and then Francisco Lindor's twenty eighth, and then Jose Iglesias with a go
ahead hit with two outs of the ninth Andy. Now the Mets get to play the White Sox, who have a record of thirty one and one hundred and four. The Yankees tonight host Saint Louis. Two Bay Area athletes with contract. News Wide receiver Brandon Ayuk, who wanted a train if he didn't get the deal he wanted for the forty nine ers, signed for four years, one hundred and twenty million and Steph Curry added another year onto his deal with the Warriors, and in twenty twenty six
twenty seven, he'll make sixty two million. Scotti Scheffler's in good shape to make twenty five million on Sunday, already staked to the FedEx Cup lead based on what he's done all year. Chefer then had the lowest score in the opening round of the Toward Championship in Atlanta. So he's sixteen under par and he leads by setting. John Stishawa, Bloomberg Sports Canada.
Nathan all right, John, thank you well. If you're listening to us in Boston, here's exciting news. Our new home beginning September third, that's this coming Tuesday, will be ninety two nine FM. That's a day after Labor Day. Bloomberg Radio moving to ninety two nine FM in Boston, coast to coast.
On Bloomberg Radio, nationwide on Sirius XM.
And around the world on Bloomberg dot Com and the Bloomberg Business app.
This is Bloomberg Daybreak. Good morning. I'm Nathan Hager.
Vice president Kamala Harris was pressed about her past positions on issues like fracking and immigration reform as she sat down for her first interview as a presidential candidate on CNN.
The most important and most significant aspect of my policy perspective and decisions is my values to not change.
But the dynamics of the race have changed, as we're seeing in the latest Bloomberg News Morning Consult Swing State poll. For more, we're joined by the man who wrote the story about it, Bloomberg News National political reporter Gregory Cordy. Gregory, good morning. I think we saw the beginnings of a momentum shift in this race the last time we did this poll a month ago, as Harris joined it.
What does this newest poll show us?
Hey, good morning, Nathan. Yeah, so this is the poll that we did immediately after the Democratic National Convention last week. Polsters tend to look for moments like that to see if there's a bounce. Traditionally, presidential candidates get a little bit of a boost in the polls right after accepting their priorities nomination for president, and in this case, we didn't really see a huge bounce. There's a one percentage
point difference. I could be explained by the margin of error in Harris going up over the previous month, but it certainly shows that the honeymoon is continuing for her. As you said, when she entered the race a month ago, she really improved the Democrats' chances really across all of these seven swing states. We now see her at least tide or winning in all seven states. Wisconsin is the one that she's doing the best in, and then Michigan.
Pennsylvania the blue Wall state she continues to do well in. But the big difference between Harris and Biden is that Harris now opens up the sun Belt. We're talking about Arizona, Nevada, Georgia. And the really most interesting state in the poll this month is North Carolina, where she's up by two points. That's a state that Donald Trump was leading by ten points as recently as April. So if she's competitive in North Carolina, that really puts Donald Trump on the defensive and makes it a whole.
New race, which could explain why we were told by Republican National Committee coachir Laura Trump this week they're going to be pouring quite a lot of resources into North Carolina as well. What does this poll tell us about where voters see the candidates on the issues that really matter to them? I know, we've been focusing a lot, particularly on the economy on inflation.
What are we finding there.
Yeah, we really zoomed in on the economy in this tracking pole for two reasons. As one is, we're bloomberg, right, that's what we covered. But also it's the most important issue for the voters in all of these playing states and nationally, especially given the inflation that we've seen over the past couple of years. And the remarkable thing is that voters don't say that the economy is necessarily doing any better than has been the past year or so.
They still say that inflation is too high, and they still say that they were better off under Trump than they are under Biden. But what's remarkable here is that that poor economy is not attaching itself to Kamala Harris, the vice president, is not being held accountable for the economy under this president, and so on a wide range of economic issues, who do you trust more on housing costs, who do you trust more on having wages go up? On student loans and personal debt? Voters trust Harris now
more than Trump across these swing states. And that's really going to be concerning to President Trump, because that was going to be his major argument in this election. The fact that it's not sticking to Harris is something that Trump is going to have to try to figure out how to hold Harris accountable for this administration's economic policies.
This is Bloomberg day Break Today, your morning brief on the story's making news from Wall Street to Washington and beyond.
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