Broadcasting live to New York, Bloomberg eleventh Brio to Washington, d C, Bloomberg to Boston, Bloomberg twelve hundreds to San Francisco, Bloomberg to the Country series Exam General one nine and around the globe the Bloomberg Radio plusapp and Bloomberg Got gone. This is taking Stock. Coming up on taking Stock. Republicans
kicking off their national convention in Cleveland. Will they be able to unify the party Donald Trump, the presumptive Canada The Republicans speaking about John Kasik, governor of Ohio and calling him an embarrassment. We've got details coming up. Let's go to Charlie Pellett. He's in the Bloomberg news room with the Bloomberg Business Flash. I thank you, pim Fox. Right now, we have got the DALESMP, NEZDAK. They are
all trading higher. Thirty minutes to go ahead of the clothes on this Monday, stocks har raging higher corporate earnings, spurring optimism that results this season will be sturdy enough to help sustain equities at record levels. IBM, Yahoo and Netflix all reporting after the closing bell. Jack Rivkin, his chief investment strategist at altigorous advisers, and he says he's looking ahead to the next job's report. I think the July employment number is going to be a very significant number.
This This July is a period where non seasonally adjusted people actually leave the workforce about a million, and it gets seasonally adjusted to a positive number. Given what happened in June, which was an overstatement, it's sort of in the case that's something different is going on here in the in the hiring pattern, and July could be a very interesting month to determine whether the FED move sooner
rather than later. Maryland Attorney General Brian Frost says in a statement his state and others plan to sue Volkswagen over the environmental damage done by the carmakers so called defeat devices designed to cheat pollution control tests. Soft Bank Group of Japan has agreed to buy arm Holdings of the UK for thirty two billion dollars, securing a slice of virtually every mobile computing gadget on the planet and future connected devices in the home. This deal is the
biggest ever by a Japanese company in Europe. SMP five hundred index up five sixty seven, a gain of three tenths of one percent, the Dow up fifteen a gain of one tenth of one percent, and as Stank up twenty nine a gain of six tenths of one percent. The tenure of down nine thirty seconds, zeal There one point five eight percent, Gold up to ten an ounce the thirteen twenty nine a gain of two tenths of one percent three thirty two on Wall Street. Now, let's
take a look at other stories making news. Thank you Charlie from the Bloomberg Newsroom. I'm Jill Schneider. This news update is brought to you by the Jeep Grand Cherokee, the most awarded suv ever. The Grand Cherokee continues to raise the bar with its luxurious interior and legendary four by four capability. Drive one at your local Jeep dealer today.
How Speaker Paul Ryan says he thinks it is possible for the Republicans to take back the White House in November, but he says they first must unify around presumptive presidential nominee Donald Trump. We will not win election by default. We will not win an election by just saying how bad the Obama years were, and let's just let's just win by default. We will win an election if we give this country a really clear choice. Ryan addressed members
of Pennsylvania's GOP delegation this morning. All lives are on Cleveland as the Republican National Convention got underway this afternoon. Is the first time two New Yorkers have gone head to head in seventy two years since Franklin D. Roosevelt defeated Thomas E. Dewey. And not a guilty verdict today for the highest ranking of six Baltimore police officers charged in last year's arrest and death of Freddie Gray of Baltimore,
judge acquitted Lieutenant Brian Rice of all charges. Defense lawyer Michael Belski says the state was not able to prove that Rice knew he was dangering Gray. There were a number of challenges for those days, not police of which was proving that in the moment Lutenian Rice failed to buckle that he was conscious of the riffs he was taking for Mr. Gray's album Safety. Gray was arrested and handcuffed, but police failed to secure him with a seatbelt when he rode in the back of a police fan. He
died of injuries he sustained during that ride. Global news twenty four hours a day, powered by more than journalists and analysts in more than one twenty countries. I'm Jill Schneider. This is Bloomberg, Charlie, and we thank you and again recapping SMP five hundred index up six to sixty seven, a gain of three tenths of one percent. I'm Charlie Pellett, and that's a Bloomberg Business flash. You're listening to taking stuff with Kathleen Hays and Pim Fox on Bloomberg Radio.
Republicans kicking off their national convention in Cleveland, and here to tell us more is Michael Vendor, us politics reporter for Bloomberg News, and he joins us from Cleveland. Michael, thanks for being with tell us about the efforts of Republicans to unify the party. How are they doing? Hey there? What? Hello from Cleveland. Yeah, there are a lot of Republicans here in town. Uh, and the question about unity is
going to be a big one all week. Uh. A lot of actual a lot of your Republican activists got into town last week to start taking care of some party business. And I'll tell you that there's just not a lot of excitement here uh uh as compared to previous conventions. I I can tell you that when it comes to unification efforts, No, it's on Trump here. I mean, Trump says differently, he expects the people that he defeated to uh to come to him. And you know he's
right to a certain degree. But he is now the leader of the party, and he has spent the last two months as the presumptive nominee uh settling old scores. Uh. And it's turned off a lot of people. I mean, when you know you talk about unity, there's gonna be one uh, one living Republican presidential nominee in Cleveland this week, Bob Dole. The rest of them are are all staying away. Now. The Trump campaign has lashed out at the governor John Kasi for refusing to support Mr Trump. Tell us more
about that. Yeah, that's right. Uh. We had Paul Manaford in for breakfast this morning, uh to talk a little bit about the campaign, about the week of events. Uh. Paul Manift is Donald Trump's campaign manager. Chairman. I beg your part that chairman. Yeah. Essentially the campaign manager is he's just uh Trump's top campaign aid. And and he
was asked about Kay asked about the unity question. There's there's you know, Trump needs to do well in the Midwest, these battlegrounds he wants, he needs to win Ohio, he wants to he wants to flip Pennsylvania, Michigan, the Wisconsin. Uh, Michigan governor is not is not is a Republican not supporting Trump. Kasick, how Governor John Kasyck was was one of Trump's primary rivals. He is still not supporting Trump. Uh and uh and man for it. Last out he said,
uh uh he called it kasy an embarrassment to the party. Um. Now again when it comes to unity, of course that that question was asked a few hours later to Paul Ryan here in Cleveland, and Paul Pack you know, uh speaker Ryan would not you know, stayed far away from that, saying, hey, I would never say something like that about John Kasick. So it just seemed, uh, you know, it seemed like an unneeded uh comments. Um, you know, Trump was talking he Trump was talking about kas as the potential vice
president nominee. Um and uh, you know, so it just adds to the turmoil, uh within the party at the time when you know, this is supposed to be about unification. As you mentioned, this is supposed to be about moving forward, uh and trying to figure out a way to win in November. Tonight, we will hear from Melania Trump, Mr. Trump's wife. What is she expected to say? Uh, well, that's a good question. Uh. I guess what she's expected
to say is, uh is to talk about Trump. And you know the we We're going to hear from a lot of Trump's this week, Uh, something like a half a dozen Trump's. Uh. We'll be speaking in Cleveland, Donald Milannia, his children, um and uh you know, speaking with Vanaphor here this morning. They see this as a real untapped asset for the campaign. UM. You know, particularly when it comes to Ivanka Trump. She's she's she's she's universally liked. Uh. You know Trump's children. Uh, you know, say what you
will about Trump or his politics. Uh. People universally have have have great things to say about their children, his children, saying they're very attentive. You know, the kind of people who send uh thank you notes afterwards, UH follow up thing. It was nice to meet you, you know, very polite, very approachable. Um. And and and they hope that they
that can help uh turn some opinions about Trump. As you you're well aware the disapproval ratings for Trump are just sky high and uh and and they see the family as a as a potential way to ease that. Also on the on the schedule to speak tonight is former Mayor of New York Rudy Giuliani. What is his expected topic? So we have, Yeah, we're gonna have two themes this this week, and they're gonna kind of run
tandem here and spoth start tonight. One is uh one of the family, uh and introducing the family and giving sort of another side of the Donald uh. And the other is is sort of make America staffe again a little a little twist on Trump's original uh motto. And you know this is going to be you know, Julianna's to speakers as the former mayor of New York City, US, as someone who was in New York City during nine eleven.
Can they see him as as a credible voice about anti terrorism given the unrest around the globe and and and uh and domestically here you know, from from from from Nice, France, the Turkey to these you know, to the the terrorist attack in Tambernardino in Orlando. UM, and even in UH, you know, even these even these police killings in that talents UH and Louisiana. They see, they
say this as a winning issue for Trump. They say, you know, he started to portray himself more and more as a law and order candidates and UH and and the more that they can portray Republican Republicans as the party of law and order. UH to see themselves doing over the next couple of months. Michael Bender Us politics reporter from Bloomberg News. This is Bloomberg coming up on taking stock. You're gonna be the chief investment officer who has forty percent of his holdings in cash and more
than six and a half percent in gold. Will find out why