CUNY's Brown: 'Messiness, Reconciliation' at Conventions(Audio)

This week, traders investors in the United States and actually around the world are watching the Democratic National Convention, where the opening yesterday in Philadelphia saw Hillary Clinton booed every time her name was mentioned. She was boot though by supporters of Bernie Sanders. PIM, We're gonna be looking about what's going on there and the difficulties she may have and pulling the party together. Now, yes, we'll also be talking about the video game industry in the United States.

It is worth more than twenty three billion dollars. Are talking PlayStation xbox. We're gonna get all the details right now. Let's get details from Charlie Pellert and the Bloomberg News, from the Bloomboog Bloomberg Business Flag and I thank you very much, PIM, thank you. Kathleen Hayes a mixed picture for US equities, A little change right now in the SMP,

fluctuating between gains and losses. It is down by less than half a point down, Industrials down twenty eight A dropped there of two tents of one percent, nes stank of eight a game of two tents of one percent. Got a trading halt now on shares of analog devices and also linear technology. People familiar with the matters say

Analog is in advanced talks to acquire linear technology. Leco Global acquiring Visio for two billion is the Chinese technology conglomerate expands further in the US Visio as a maker of inexpensive flat screen TVs. Earnings News Twitter after the bell down one point seven percent, also reporting Apple it is down eight tens of one percent. Tom Giles is Bloomberg's executive editor for Technology. It's really hard to really

move the needle a company as large as Apple. We hear a lot of talk about a TV product, but they have a lot of problems getting all of the different content providers behind that product. We hear a lot about the car product that's not going to come along for a long time, and when it does, how game changing can it really be? So you do have Apple coming in and doing things like returning cash to shareholders, issuing dividends, acting like one of these comp like an

older company that's not high growth. Gold up ninety cents, the gain of point one percent, Unce crude oil forty two, Natia barrel for West Texas intermediate crude down twenty three cents to drop there of point five percent, and a three thirty two on Wall Street. Now we'll look at the 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. I wanted your local Jeep dealer today. Vermont Senator Bernie Sanders says he empathizes with young people who feel disappointed after the results of the Democratic primary. Sanders spoke at a Bloomberg Politics breakfast in Philadelphia this morning. I think that Donald Trump is a danger to this country. I

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on Bloomberg Radio. At the Democratic National Convention this evening, form President Bill Clinton will officially nominate Hillary Clinton to be the Democratic presidential candidate. Here to tell us more as Heath Brown Assistant Professor of Public Policy at John Jay College of Criminal Justice and the Graduate Center. He is also the author of Pay to Play Politics, How

Money Defines the American Democracy. Heath Brown tell us about the speakers at tonight's uh scheduled convention and what that tells you about the effort of the Democrats to get out the vote. Yeah. I think there's so many interesting things that will see tonight that build off of what we saw Monday night, highlighted by the participation of some of the most visible political figures of the last number

of years, including the former president Bill Clinton. I think that what we're going to see is the way in which those figures can help to start to move the campaign from the phase that we've been in, which is choosing the candidate, to starting to turn out the vote. And sometimes that's done with the motivation that comes from seeing people like Bill Clinton and some of these other very visible leaders take the stage and announce how they see this election and why they see it as so important.

So I think that's some of what will see tonight. M hmm. Well, I'm sure they want to ignore the wiki leaks, uh leak on all the email from UH in d n C. Now, of course w Wasser and Schultz has stepped down as the head of the d n C. But uh, to what extent does that somehow have to be dealt with? To what extent does it sort of linger? Um? And is it best just to ignore it? Move on? Get Bernie Sanders supporters to your supporters to not boo and Hillary Clinton's names mentioned? Um?

How do they deal with that part of it? Yeah? I think what we're learning is conventions are not always tidy, but they certainly can be exhilarating, and I think we saw that demonstrated on Monday with the untidiness of the afternoon and in the exhilaration of the first ladies. Can I just champion there though, because they're reporting The media reported on their Republican National Convention bedlam when there there was a role call vote that was overwritten, and I

thought to myself, doesn't anybody watch political conventions? I mean, to me, it is exciting. It's interesting to see in a way the discord in a and in both parties, some real, active, active actions. That's I couldn't agree more. I think think what we're what we saw last week and what we're seeing this week is the Democratic Party and the Republican Party last week trying to reconcile all sorts of internal conflicts over the chosen candidate and also

policy in real time on television. I think this shows us a side of politics that we don't often get to see, which is some of these disagreements. I think this is one of the reasons why I think simply watching these conventions is good for our democracy, even if they're not exactly they don't play out in the scripted way that we have come to a spect of political event.

I think those disagreements that that you're just you just described make conventions a very very interesting part of the election, and they they the messiness and the reconciliation of the differences, including things like the wicked LEAs emails, is exactly what

makes them so very interesting. To the appearance of speakers such as us a senator from New York, a Democrat, Chuck Schumer, as well as former Secretary of State Madeline Albright, a video message from a video message from former President Jimmy Carter, and then I believe also an introduction by Meryl Street. This is designed to give people in a sense, speaking lines when they go out and try to get people to the polls. Yeah, I think that's so interesting

in some ways. I think what we see at the convention is the the largest and most visible focus group that a party can hold. And so they know they've got a number of months before their election and they have to do political advertise eismans, and they have to write stump speeches, they have to create the content of

their argument to the American people. They have this opportunity to try out lots of different lines, different angles of attack, different images that they might want to put put into those ads, and I think we see that we've even testing it with the amount of applause that comes from the convening, from the reaction on social media, from the response of pundit, and I think that for that reason,

exactly what you suggest is right. We see what might work and might what might ring flat, and over the next couple of months, we'll see that replayed numerous times as the actual candidates go out onto the stump trying to win votes. You entwers have made my question, Heath, we saw Donald Trump getting a post convention bounds, moving ahead of a CNN pull the last couple of days for each candidate, what is the number one issue that they are going to hammer on to be the one

that wins the race in November. Well, I think it's really two too early to see that, but I think in the convention, in the convention this week, we see the Democrats starting to play a couple of these out. I think that the repetition of the video and the image of Donald Trump apparently making fun of a reporter during the campaign is something that seems to be uh an issue and an angle that the Democrats appear to

care about. And I think one of the interesting angle aspects of that is that this connects to another thing that was going on last night and we'll go on again today, which is the Democrat taking credit for some of their policy victories, like the Individuals with Disabilities Education Act. That's something I think they're going to hit back on it. Keith Brown, thank you so much for joining us, Assistant Professor of Public Policy at the City University of New York.

That's tuney looking at the Democratic National Convention for US today. I'm Caffeine Haslam with PM Fox. Is this taking Stock on Bloomberg Radio? And this is Bloomberg coming up on taking Stock, PlayStation's Xbox, the twenty three billion dollar video game industry. How you can play to win. That's next