Broadcasting live to New York, Bloomberg to Washington, d C. Bloom to Boston, Bloomberg twelve to San Francisco, Bloomberg nine to the country general, and around the globe the Bloomberg Radio Plus and Bloomberg dot Com. This is taking Stock. We are broadcasting live from Pershing's Inside Twenties sixteen conference
at the Highatt Regency in Orlando of Florida. Coming up, we'll be talking about the presidential election, Hillary Clinton signaling that she will not declare outright victory before voters cast ballots and caucus in states such as California, Montana, New Jersey, New Mexico, North Dakota, and South Dakota, all voting today. We've got details, and of course markets watching the elections very closely. Pim. We're gonna follow that up with a chat with the head of investment strategy at b n
y Melon. Now let's get back to Bloomberg World headquarters in New York City. Charlie Pellett has business last, and I thank you very much. Kathleen Hayes, thank you, Pim Fox Nez dak bouncing between gains and losses back on the plus side, barely it is unchanged right now. We've
got the SMP up six again. There are three tens of one percent down, Industrials up fifty four points, also a gain of three tents of one percent the SMP, by the way, within one percent of a record rallies and energy producers and airlines offsetting slumping healthcare shares record for the SMP set last may may have two thousand fifteen. Right now, the SMP five hundred indexes at fifteen, Chevron and next on Mobile adding at least one point six percent.
The Bloomberg US Airlines index heading for the biggest gain in three months after JP Morgan Chase said Jet Blue Airways raised its domestic bears by three dollars each way. Jet Blue shares are up now by three and a half percent. What about the broader market? Where to invest? David is Cheap Market strategists at amer Price Financial. He says he's steering clear of the UK until that Brexit
vote gets sorted out. It seems to be a general consensus or complacency, uh that the vote is going to be to stay, and that is the impression I get. I know, maybe some of the options market are saying there's a little bit more concerned. Uh, but we've we've kind of avoided the market and let it sort out. I think there are enough opportunities elsewhere. Uh, you might get a nice bounce if the vote is to stay.
But on the other hand, I think the risk is there that's sufficient enough to cause us to want to more or let's stay on the sideline and gold right now down point one percent. Now, let's take a look at some of the other stories making news. Thank you, Charlie from the Blueberg news room. I'm Eric Shatzker. 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 that's your local Jeep dealer. Today, there's new pressure on Bernie Sanders today to exit the race for the Democratic presidential nomination. According to the Associated Press, Hillary Clinton has enough delegates to win the nomination. Voters in six states, including California, are headed to the polls today. Clinton plans to celebrate at a victory party in Brooklyn tonight.
Republican Speaker of the House Paul Ryan says, just because he disagrees with comments by likely GOP presidential nominee Donald Trump, he still feels his party has more in common with Trump than with Hillary Clinton. I believe that we have more common ground on the policy issues of the day, and we have more likelihood of getting our policies enacted with him than we do with her. But I do
absolutely disavow as comics. I think they're wrong. The head of the Transportation Security Administration was grilled on Capitol Hill today about the long lines of the nation's airports. Peter Neffinger told a Senate panel the agency is making progress nationwide.
Over a Memorial Day any nine percent of passengers waited less than thirty minutes in standard security linescent of passengers waited less than fifteen minutes, and in and in pre check lines, percent of passengers waited less than five minutes. Million more passengers are expected to pass through t s a screening this year compared with three years ago. Global News twenty four hours a day, powered by our journalists in more than one fifty news bureaus around the world.
From the Bloomberg News Room. I'm Eric Shatzker, Charlie, and we thank you and again recapping stocks higher. SMP five hundred index up six a gain of three tenths of one percent. Dow Industrial is up fifty seven, also a gain of three tenths of one percent. I'm Charlie Pellet, and that's a Bloomberg Business flash. You're listening to Taking Stock with bim Box at Kathleen Days on Bloomberg Radio. We're broadcasting live from Pershing's Inside Twenties sixteen conference at
the Higher Regency in Orlando. You know, this is the eight teenth year marks eighteen years of insight, eighteen years committed to the success of advisors. But over two thousand financial professionals from all over the globe attending. And of course, one of the topics of conversation is the US election. And who better to tell us more than Margaret tullif our, White House correspondent for Bloomberg News, joining us from Washington, d C. You can follow Margaret on Twitter at Margaret
tullev and also at b Politics. All right, Margaret, tell us about Hillary Clinton and her historic moment, the first woman to earn the nomination of a major party in the United States. It will be historic moment, and it was supposed to happen tonight, probably some time around when
the polls closed in New Jersey. But the Associated pressident delegate count sort of beat her just the punch, and they came out a night early saying that according to their account, she now had the numbers to cross that magic threshold two thousand and eighty three delegates, a combination of the Ledge delegates and the super delegates combined. Uh. The qlin campaign has been really careful, uh to kind of keep that a little bit at bay, kind of
pre celebrate but not really celebrate. Um. Partly, I think they want that number to be free and clear, not just you know, one or two over the line, but but really firmly there. But the other part of this is this complicated calculation not to offend or turn off Bernie Sanders. They're trying to keep him in the fold so that he uh, sooner than sooner than later is ready to uh to abandon his campaign and embrace her,
and he's just not there yet. And the other part of it, of course, is that she wants people in those remaining six states to turn out and vote and vote for her, so um, but she's on the cusp of certainly a big historic moment, and it's showing signs she and her advisers both being very excited about this, but they're sort of containing it for the next few
hours at least. Of course, Margaret, she is going to be the first woman in the United States to be the presidential nominee of a major US political party on state in the office. I wonder if it would be more doramatic and exciting if so many people had not assumed for some time now that, of course Hillary Clinton would get the Democratic nomination, And only surprise here has been how well Bernie Sanders has done and the fact that he's holding out to try to get some of
those seven hundred super delicates over to his side. Yeah, it's really true. Covering President Obama in two thousand eight, you were constantly aware of the fact that he was going to be the first African American nominee from a major party and then the first African American UH president, and yet he didn't campaign that way. Hillary Clinton has sort of fluctuated between embracing her, you know, her gender
and her status as a grandmother. We're focusing on national security, um, but look, but it is it's absolutely will be a history making a moment. But because many people are like, yeah, she was the first lady. Yeah, she was a senator. Yeah, she was a Secretary State. Yeah. Booklyn's her husband a
sort of you know she is. She is in a way would be a groundbreaker, and in a way is represents because the core of the democratic establishment, the political establishment in this country, and that has um that's made it kind of sort of muddied the historical significance of the moment. Margaret is Hillary Clinton running an establishment campaign.
And the reason I put it in that context is I've been reading many articles about how the Republican potential nominee or almost nominee at Donald Trump is running a
very unconventional campaign. Well, certainly she's running an establishment campaign, and Bernie Sanders has forced her to, uh brought some of her rhetoric and some of her policy positioning, you know, a little bit to the left of where she started, uh, talking about not just income equality, but being tough on Wall Street and uh, you know, questioning international trade deals.
But when you put all of that aside, you're looking at a candidate who is part of the core of the establishment and and a staff from her campaign manager, to her advisors, communications directors, all these sort of uh the posters that are that are all absolutely locked in the establishment and have have been working since the Bill Clinton era. Uh. Some worked for Obama, some have worked for um, you know, just a variety of establishment Democratic
political candidates. They're steaching the establishment and part of the core of her message, even as she wants to suggest that she's open to change and flexibility, Uh, is is that Obama has done a good job that she wants to continue as part of his legacy. Uh. That it's great to talk about big ideas, but she really only wants to focus on what can actually get done, the sort of pragmatism and success by a thousand small steps. This is part and parcel of her message and um
and absolutely represents an establishment candidacy. So, Margaret, you are so close to the people in these campaigns within Hillary's camp. What is the one thing her team says if only they knew this about Hillary, if only they could see this, she'd be even that much more popular. Uh. You know, there's a couple of things that they say, but one is uh that she One is sort of dislikability aspect, which has been a challenge for her as a candidate, which is, like, you know, did people like or do
they trust her? Do they enjoy listening to her speak? And people who know her not just in the campaign but outside the campaign say that she's much more personally engaging and relaxed on a personal level than she is when she's on a stage giving a big pronouncement. Um, And this is something looks she's She's been to this radio before she ran for president eight years ago. She struggled then and has struggled this time to bring that kind of intimate or relaxed or personal approach to bear
on the campaign stage. Okay, she's mostly decided that to sustick to the issues this time around. Margaret Tella, thank you so very much. Our White House correspondent from Bloomberg News, joining us from Washington, d C. Right here on Booberg Radio. Coming up on taking Stock broadcasting live from Pershing's Inside twenty sixteen conference at the Highatt Regency in Orlando, Florida.
Will be speaking with Ralph Studley. He is the head of investment strategy at b n Y Melon What to Do with Your Money Next