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r I a hot net. Now let's head right over to the first word breaking news desk for today's afternoon call, and there he is, said Lalan, Good afternoon, Charlie. MENUS averages are mixed today, with the Dow down thirty points, SMP falls six and NASDAC little changed as small cap six hundred falls three, and the US tenure yelled is at one point five seven percent. Six of ten SMP sectors are lower, led by losses in energy and financials.
Telecom and tech lead to the upside doubt, Transports rise to NASDAC, biotechs decline eleven, utilities lose to and the VIX gains four. Leaders to the upside in the DOO include Walmart and Nike, while down leaders to the downside
include American Express and Chevron. Automakers report u S August sales fall short of expectations, Diamond Offshore falls ten percent after receiving a termination notice from Petrobra, Campbell's Soup declines six percent after missing EPs estimates and guiding below consensus, and Sienna gains seven percent after beating fourth quarter estimates after the Bell Tonight, watch for earnings from Lululemon, Broadcom, and Cooper Companies, and watch for the Gap to report
August COPS sales. Live from the First Word Breaking news desk lan Charlie, all right, thank you very much, Adam to hear live breaking news over your Bloomberg tipe squaw caask you a w K on your terminal. I'm Charlie Pellett. That's a Bloomberg business flash. You're listening to taking stock with Pim Box and Kathleen Hayes on Bloomberg Radio. I'm Kathleen Hayes. Live at the U s T A Billy Jean King National Tennis Center. It is the US Open.
It's an annual journey for taking stock on Bloomberg Rader to come out and look at tennis, the business of tennis, the money behind tennis, and to talk to so many of the interesting people to who attend. Now a very interesting person who is not attending that I know of, Well, there's two of them. Number one is Donald Trump. Of course, he's been very busy out west giving immigration speeches, traveling to Mexico yesterday. I talked to the President of Mexico.
I'm really referring though, to Mike Meets, executive editor for Bloomberg Politics. Is Mike, I really want to hear what you have to say about the reaction to the follow up on moll on two things, Donald Trump's trip to Mexico also his immigration speech. So let's start with let's start with a trip. Sure, So we uh, we have really been still trying to compute everything that went on yesterday.
It as as you recall, it started the night before um where news broke that this trip to Mexico was on and that Trump would be meeting with the President of Mexico on a number of issues. And then it actually happened hours later, uh, the next afternoon, and the event that followed kind of a joint joint they both issue joint statements before the press, and then Trump took questions, and it seemed like a very state affair. Uh. There weren't any arguments, There weren't any real disputes. It was
it was all quite diplomatic. UM. And just as we thought that this might be a new kind of moderate leaf that Donald Trump was turning over, it was. Uh. He headed to Phoenix and delivered probably his fiercest anti immigrant speech yet fiercest. Yeah, that's pretty fierce. Give us some of the highlights that I'm looking at. One of the stories robber politics team Uh No amnesty, amnesty. Um. He also talked about ideological certification to ensure those admitting
UH into our country shore our values. I love our people, m so so. He him and his advisors spent the previous two weeks discussing a number of options for softening UH the immigration proposal that was that was announced a long time ago last year, and so one of the things that seemed to be being taken off the table ever so gently was the deportation of every single undocumented immigrant UH in the country, and that in that number is in the many millions. Probably love the million is
one popular accounting and uh. And after two weeks of seeming to take that off the table, he slapped it back on with with Augusto and and started with saying that he would ship back anyone that has a criminal record, and then he moved on to pretty much every group. The Washington Post had one accounting saying that six million would be sent back according to the new policies that he had enunciated. But really he left the door opened
four shipping back every single one of them. And that was a shock to a lot of people who have been watching him very closely, and even to his his Hispanic Council. It's a group of Hispanic leaders who uh, who have been advising Trump on these issues and uh, and we've been seeing some warning signs from them that that there could be resignations coming. Okay, so first of all, who are some of these people? We are the warning
signs you're seeing that they may be resigning. So so, yeah, none of them are national figures, but they are that they're definitely big in their in their community. To the extent that the the Republican Hispanic community um is big, it's obviously much smaller than the than the liberal Democratic side. But they they they've been talking to him for a
few months now. They were named in a in a press release and that we're referred to them for a lot of context about where Trump's going with his immigration proposals. And one of them has has said that he's thinking of resigning, and others are saying it anonymously right now, and and uh, and it seems to be a warning shot to uh, to Trump that he should soften things
quickly and if not, he could be publically embarrassed. So just give us some of the figures, some of the math mike even broadly on the percentage of the registered voters which Hispanic voters make up, and therefore the extent that the portion that Donald Trump is losing. So yeah,
it's uh, it's definitely the crucial voting block. After the twelve election, which Romney lost, the Republican National Committee issued a kind of postmodern report saying that, uh, if we don't do better with this group, we're never gonna win another presidential election. And that's why you saw some rising stars in the Republican Party, uh be people who who were much friendlier and maybe spoke Spanish and we're from. UM,
we're diverse parts of the country. Even someone like Jeff Bush, who obviously is from a famous political family, but also UH is married to a Hispanic American so um marcar Rubio is another one who who is Hispanic and from a state with a lot of Hispanics and of crucial state UH in a presidential election. But all of them were brushed aside for this anti immigrant man said thank you so very much for joining us. Executive editor for
Bloomberg Politics. I'm Kathleen Hayes. We are broadcasting live today at the US Open and Fushing Meadow, Queens. This is Bloomberg. Bloomberg taking Stock is brought to you by m Y Safra Bank, a leading name in banking with one hundred fifty years of family knowledge and exclusive banking services. Stop in at Fordning nine Park Avenue or was it m y Saffra dot com member fd I C