Podcast Summary
Kamala Harris' Nomination: First Black and South Asian American to be a major party's nominee for vice president in U.S. history, consolidating Democratic support, global reactions, upcoming election against Trump
Kamala Harris has officially secured the Democratic presidential nomination, making her the first Black and South Asian American to be a major party's nominee for vice president in U.S. history. This achievement comes after a two-day blitz where she consolidated her party's backing, with Joe Biden also expressing unity and support. As attention turns to the vice presidential pick, global leaders are assessing the implications of Harris' nomination and preparing for the upcoming election against Donald Trump. This news was covered in various podcasts, including the Capital Ideas Podcast and Here's Why, offering insights and analysis on the story. The Bloomberg Daybake also provided a round-up of other top stories, including the global reactions to Harris' nomination. Overall, this development marks a significant moment in U.S. political history and sets the stage for the upcoming election.
Kamala Harris' mission after Biden's exit: Kamala Harris continues her campaign and legislative efforts, will be officially nominated as Democratic nominee by August 7, and considers electorally significant candidates for VP. She performs better than Biden in some polls but trails Trump nationally, with Trump attacking her as a liar, and European governments engaging with her.
Despite Joe Biden's exit from the presidential race, Kamala Harris' mission remains unchanged. She will continue to campaign and work towards getting legislation passed as a sitting president. The Democratic National Convention will officially designate Harris as the nominee by August 7, and she will recommend a running mate to delegates. Larry Sabato suggests Harris consider candidates from electorally significant states, such as Pennsylvania's Governor Shapiro, North Carolina's Governor Cooper, and Arizona's Senator Mark Kelly. Harris will hold her first public rally as a presidential candidate in Wisconsin today, and while she performs better than Biden in some polls, she still trails Trump nationally. Trump's account on Truth Social has accused Harris of being a liar, and some European governments are starting to cultivate relations with her in anticipation of a possible Harris White House.
Foreign policy approaches of Biden-Harris: Countries prioritize Biden-Harris's stance on NATO, face criticism for diplomatic undertakings, EU moves meetings in protest, Bank of England may end Labour's honeymoon, Porsche cuts revenue forecast, prepare for potential second Trump term
Foreign policy is a major concern for world leaders as they assess the potential differences between Joe Biden and Kamala Harris's approaches to geopolitical challenges. Countries like Poland prioritize Harris's stance on NATO, while others like Hungary face criticism for their leaders' diplomatic undertakings. In the EU, foreign and defense ministers are moving meetings from Budapest in protest against Hungarian Prime Minister Viktor Orban's visits to Moscow, Beijing, and the US. Meanwhile, economists warn that the Bank of England may soon end Labour's honeymoon in the UK by reminding the new government of the UK economy's limited growth potential. Elsewhere, Porsche has cut its full-year revenue forecast due to a shortage of aluminum parts from a key supplier. Despite these challenges, governments and businesses must be prepared for the possibility of a second Trump term.
Porsche Revenue, Harris Nomination: Porsche lowers revenue expectations to $43B due to cooling demand and China's slowdown, while Kamala Harris secures Democratic nomination with plans to unite party and campaign to win
There have been significant developments in both the automobile industry and the US presidential race. The car maker, Porsche, has revised its revenue expectations down to $43 billion, citing cooling demand and China's slowdown. Meanwhile, Kamala Harris has secured enough delegates and financial support to clinch the Democratic presidential nomination, with plans to unite her party and campaign to win. However, some Democrats argue that an open contest could draw out more talent. In Europe, Porsche's revenue decrease and Harris' nomination clinching are two separate but notable news items.
Democratic primary race for presidency: Despite a lack of strong contenders, Joe Biden is expected to secure the Democratic nomination for president, but the VP nomination race may be more open, with Kamala Harris being a potential candidate to challenge President Trump.
The Democratic primary race for the presidency is not seen as a contest for the nomination, but rather a coronation for Joe Biden due to the lack of a deep bench of younger candidates and the short timeframe left before the election. However, the contest for the Vice Presidential nominee could be more open. Kamala Harris, a potential candidate, has shown her ability to challenge President Trump with her prosecutorial background and experience. European leaders are questioning whether Harris can win the presidency, as Democrats are still traumatized by the chaotic 1968 contested convention in Chicago, which ultimately resulted in Hubert Humphrey's loss to Richard Nixon.
Democratic VP selection: Democrats are considering a white male running mate to balance the ticket and provide support in perceived weaker areas, while Republicans engage in heated rhetoric and cultivate relationships with European governments.
The Democratic Party is in the process of quickly nominating Kamala Harris as their vice presidential candidate, and there is much discussion about who she should choose as her running mate. Many commentators suggest a white male elected official to balance out her ticket and provide support in areas where she may be perceived as weaker. Potential candidates include governors from battleground states like Pennsylvania, North Carolina, Kentucky, Minnesota, and Arizona's Mark Kelly. European governments are also cultivating relationships with Republicans, and both parties are engaging in heated rhetoric, with Republicans accusing Democrats of abandoning Joe Biden and threatening democracy. The Democratic vice presidential selection process is ongoing, and the chosen candidate will need to campaign with Biden as soon as possible.
Republican midterm strategy against Harris: Republicans are targeting VP Harris in midterm elections, criticizing her role in Biden admin, particularly on immigration and foreign policy. They see her as a continuation of Biden's presidency with potential differences.
The Republican strategy for the midterm elections is to target Vice President Kamala Harris, using their previous campaign playbook against President Joe Biden. They are criticizing Harris for her role in the Biden administration, particularly on issues like immigration and foreign policy. While Harris had limited influence on foreign policy as Vice President, she has given speeches indicating a continuation of Biden's embrace-the-world approach. The appointment of Philip Gordon, a well-known figure in European foreign policy circles, as her national security advisor is seen as a positive sign by some international leaders. Overall, the GOP is attempting to paint Harris as a continuation of Biden's presidency, with potential differences in areas like immigration policy.
Bloomberg Sustainable Business Summit: Global business leaders gather to discuss sustainable business practices and solutions at the Bloomberg Sustainable Business Summit in Singapore, featuring presentations from Bangkok Bank, Fraser's Property, Red Sea Global, RGE, Schneider Electric, and Star Energy Geothermal, with Standard Charter and the Singapore Economic Development Board as presenting sponsors.
The Bloomberg Sustainable Business Summit is returning to Singapore on July 31st, bringing together global business leaders for solutions-driven discussions on sustainable business practices in the face of increased ESG scrutiny. The summit will feature presentations from advisors such as Bangkok Bank, Fraser's Property, Red Sea Global, RGE, Schneider Electric, and Star Energy Geothermal. Standard Charter and the Singapore Economic Development Board are the presenting sponsors. This event offers a platform for driving innovation and scaling best practices in sustainable business. Listeners can join the conversation live each morning on Bloomberg Daybreak Europe, available on Apple Podcasts, Spotify, London DAB radio, the Bloomberg Business App, Bloomberg.com, and Amazon Alexa devices. Stay tuned for more news and information on Bloomberg Daybreak Europe.