Broadcasting live to New York, Bloomberg eleventh Rio to Washington, d C, Bloomberg to Boston, Bloomberg twelve hundred to San Francisco, Bloomberg to the Country series at JAM Channel one nine team, and around the globe the Bloomberg Radio Plus athen Bloomberg dot com. This is taking stock on Kathene Hayes along with Pam Fox. Markets around not just the United States, but around the world will be more riveted than ever on the race for the White House in the United States.
Big news today as a New York representative becomes the first Republican member of Congress to back Democratic presidential nominee Hillary Clinton, citing his discomfort with GOP standard bear Donald Trump. We're going to be speaking to our own Mark Halprin, host of Bloomberg Televisions, with all due respect and right now let's go to Katherine Cowdery in the Bloomberg news room for a Bloomberg Business Flash. Thank you, PIM and Bloomberg.
Taking Song has brought to you by National Realty Providers of one percent satisfaction guaranteed New York City Realty Investments. See them at n r i A dot net. This dock market is headed for its worst day since it sell off following Britain's vote to leave the European Union. Retailers are posting their steepest losses in five weeks after sluggish income growth in June meant consumers had to tap into savings to maintain their pace of spending. Coals and
Macy's are down at least five point four percent. We talk the markets every fifteen minutes throughout the trading day. Down Bloomberg Radio down, Industrial averages down one hundred points. That's a loss of half a percent, creating at eighteen thousand, three hundred four. SMP five foundered down fourteen and a half point two thirds of a percent to twenty one fifty six, then ask to Act down forty four point seven eighths of a percent, trading at fifty one thirty nine.
Blass Texas intermediate crude oil down fifty cents of barrel one point three percent to thirty nine fifty five. Spout bowled up twelve dollars seventy cents a ounce to thirteen seventy two. Thirty ten year Treasury down for thirty seconds with the yeld of one point five three percent Among today's top business stories. Most automakers reported us like vehicle sales, it fell short of analysts estimates for July. Bloomberg Auto editor Jamie Butter says, there are signs at Little gasoline
prices are affecting and similar's choices. We're still seeing a strong bias toward pickups and SUVs. While we did have some surprises like FOURD SUVs being down uh this month, you know, cars are still down much much worse, much more. Forwards cards were down, you know, while their SUVs were down almost six. So it's still still a rough market for cars. And now let's get an update of some of the other stories were following at Bloomberg today. Thank you,
Catherine from the Bloomberg newsroom. I'm Jill Schneider. This news update is brought to you by Blue Jeans Enterprise Video Cloud. See faces, Emotions, Energy, see the people your team's video from any device. Start a free thirty day trial at blue jeans dot com and click the radio Mike. Blue Jeans Work Smarter, Connect Better. New York's top cop is stepping down. Police Commissioner Bill Bratton announced his resignation today.
He will stay on the job until next month. President Obama today said Donald Trump is unfit to serve as president. The President pointed out many Republicans are distancing themselves from statements Trump is making. What does this say about your party that this is your standard be Trump responded by accusing the president of failed leadership. He also said Mr Obama and Hillary Clinton have destabilized the Middle East while
sending the nation's best jobs overseas. Attorneys for the man charged in the June two thousand fifteen killings of nine black parishioners at a Charleston, South Carolina church are challenging the death penalty in the federal case. Lawyers for Dylan Rough say the law is unconstitutional. If it is taken off the table, Ruff will plead guilty and spend the
rest of his life in prison. They're picking up the pieces in Ellicott City, Maryland, after of a stating flooding, two people were killed, homes were destroyed, and hundreds of cars were swept away. This business owner is worried about the future. I know it's going to take some time, and that's something as a as a store owner. I don't know if I had that cottage time. City officials a rebuilding could cost hundreds of millions of dollars and
take many years. Global News twenty four hours a day, powered by more than twenty hundred journalists and analysts in more than one hundred twenty countries. I'm Jill Schneider. This is Bloomberg, Catherine, thank you. Now, let's get a quick update of the benchmarks. Down Industrial Average, down one hundred points at eighteen thousand, three hundred four smp F I foundered down fourteen points at six nastack down forty four points at fifty one forty. And that's a Bloomberg business flash.
You're listening to taking stock with pim Box and Kathleen As on Bloomberg Radio. Donald Trump's swipe at the heartbroken parents of a Muslim American war hero, kill Ton Rock has certainly been dominating the headlines the last few days, but perhaps not in the way Mr Trump would have liked. Uh. We can see clear signs now that some Republicans in
Congress are distancing themselves from Donald Trump. As New York Representative Richard Hannah became the first Republican member of Congress to officially back presidential Democratic presidential nominee Hillary Clinton, saying Mr Trump, he is unfit to serve our party and
cannot lead this country. Well, a man who has been tracking this very closely, day in and day out, Mark Halpern is with us host of with all due respect, which you can see weeknights at five piano on Bloomberg TV and you can also catch it on bloom in Washington, d C. Mark, welcome back, great great tiving in studio's so really here, my friend, Well, I'm wearing shorts and sandals. Well I'm anyway, Philadelphia was hot, so I'm sure you
needed shorts and sandals when you're covering the Democratic Convention. Uh, Donald Trump, and let's start with the controversy. Uh, where do we stand? It's uh? His some of us most art and supporters don't seem to be faced. Well, he hasn't talked about it on his own last couple of days when he's dealt with the media, and the media is still asking about it. The cons have not as far as I never done any press today. But you
still have people reacting. Chris Christie, Who's been one of Trump's biggest backers, came out today and, while not directly repudiating Trump, explicitly Um made it clear that he wouldn't have talked about the cons the way Trump did, So you still have, I think a fair amount of interests in the media in getting Republicans to react, particularly on camera, And you still haven't had Trump given the kind of full throaded apology explanation that a lot of people want
to have. So it's not dominating the way it did yesterday, but it's certainly still a big story out there that has other shoes to drop on ARC talking about other shoes to drop on them, wondering if you could characterize the inner workings of the Trump campaign, who's left, who got fired, who's running it, and what you expect to happen. Well, some relatively middle level I would say officials, not particularly well known folks were let go. We're told um sampaign
saws a lot of growing to do. But most Republicans believe two things inside and outside the campaign. One is that whether the campaign gets twice as large or three times as large as as it as it is now, it's never gonna be nearly the size of the Clinton operation. And if Trump has a chance to win, it's gonna have to be in an unorthodox way. And the other is the problems that the Trump campaign has has now has now is the problems are big, but the candidate
is the biggest problem. And until the candidate delivers a more consistent message more about Hillary Clinton's problems in the economy, less about picking fights with gold star families, it doesn't really matter who's working for the campaign or who's not. And of course, the poll I think it came out maybe even during your show last night, Mark that the late's what CNN poll showed that Hillary Clinton has a
nine point lead now over Donald Trump. We can certainly say post convention bounce, but we might also say postcn controversy bounce. You just said if Donald Trump apologizes, uh, any indications him inside the campaign that is, he looks into the final three months of the campaign and thinks, what can I do. I gotta step up. I've got to maybe make an apology, because that's one of the things that seemed to help him earlier in the campaign when he said things and didn't back down. This may
be different. Everyone I've talked to who's in touch with him says he's got no interest in apologizing. He feels like he was attacked. And remember during the nomination season, he said, I'm a counterpuncher. I don't go negative unless I'm attacked. There's no doubt from a just chronological point
of view that the cons initiated this. But continue to search my memory banks for all the campaigns I've covered for anything like this, for anything like a candidate pursuing extending, inflaming a conflict with the gold Star family was just such sympathy and where almost no one in his party is even halfheartedly defending what he said, Mark, turn your attention out of Senate racist because we've got swing states, and also the Senate is going to be up for grabs.
Bernie Sanders going to come out and stump for Democratic senators looking to go to Washington. He is in his capacity to turn out younger voters, I think will be very welcome, particularly take a place like New Hampshire, where there's a very competitive Senate race of Republican incumbent Kellyott
against the governor, Maggie Hassan. The western part of the state, the coastal part of the state, has lots of young people that the two big college towns, and so I think you'll see him very much in demand to come in to raise money to extent he's willing to do that. He's been kind of hesitant to say, oh how Hillary Clint raise money, but if he was want to out the Senate candidate, that would be a big lift as well as campaigning, particularly again in places like more liberal
areas in college towns. Tonight, I was all due respect who we're going to see and here uh two of the best political analysts in America, John Dickerson of CBS News got a new book at He'll join us Standballs the Washington Post as well as our Pulsar, Polster and Seltzer. There's a lot of pulling out this week, and all of it has shown pretty much the same thing. Hillary Clinton and enjoying a bounce in a lead. Now we're going to break down below the number of the margin
of the lead five to seven points. Where did that? Where did she improve? How did she pick up more voters? Thank you very much, Mark Halprin. He is the co host of with all due respect, co managing editor of Bloomberg Politics weeknights five pm on Bloomberg Television and Bloomberg in Washington, d C. This is taking stock. I'm pim Fox,
my co host Kathleen Hayes. This is Bloomberg. Japan's government bond market is suffering its worst route since twenty thirteen, disappointment over the Bank of Japan last week and more. Is this a time to look at Japanese equities? We're going to find out