Podcast Summary
Harris' campaign momentum: Vice President Harris' campaign is gaining momentum in the presidential race, leading Trump by 2 points in 7 key states, expanding her electoral map, and trimming his advantage on rising costs.
Vice President Kamala Harris' campaign is gaining momentum in the presidential race, according to a new Bloomberg News Morning Consult poll. The poll shows Harris leading former President Donald Trump by 2 percentage points among registered voters in the seven states likely to decide the election, expanding her electoral map beyond the traditional "blue wall" states. While Harris has trimmed Trump's advantage on the rising cost of everyday goods, survey participants still trust Trump more on issues like gas prices and the stock market. The poll results suggest that Harris' campaign is making progress and potentially opening up new paths to victory in the election.
Price gouging, Middle Class: Kamala Harris reaffirmed her commitment to combating price gouging and supporting the middle class, specifically in regards to grocery prices, while Trump pledged to cover the costs of in vitro fertilization during his town hall.
During her first interview since becoming the Democratic vice president nominee, Kamala Harris reaffirmed her commitment to combating price gouging and supporting the middle class, particularly in regards to grocery prices. Harris also clarified her stance on fracking, stating she will not ban it, and addressed criticism from former President Trump. Trump, in turn, held a town hall where he pledged to cover the costs of in vitro fertilization and criticized Harris' leadership abilities. Harris emphasized her focus on the middle class and combating price gouging, while Trump sought to deflect criticism and address concerns within his campaign.
Swing state voters' trust in Harris vs. Trump: Swing state voters trust Kamala Harris over Donald Trump on personal freedom and abortion rights, while the economy shows signs of strength with record high Dow and healthy consumer spending, but inflation remains cool and the Fed is more focused on labor market than prices, and investors should stick with Nvidia despite its recent stock drop according to Gene Munster.
Swing state voters trust Kamala Harris over Donald Trump when it comes to protecting personal freedom and abortion rights. According to a new Bloomberg News poll, 55 percent of swing state voters favor Harris' position, compared to 34 percent for Trump. Meanwhile, the economy is showing signs of strength, with the Dow reaching a record high and revisions to second quarter GDP suggesting a healthy increase in consumer spending. However, inflation continues to cool, and the Federal Reserve is more focused on the labor market than prices at the moment. Today, the PCE deflator, the central bank's preferred inflation gauge, will be released and is expected to cheer Fed officials and bias them toward a quarter percentage point cut in the nation's benchmark lending rate next month. Despite a 6.4% drop in Nvidia's stock after its earnings report, Gene Munster of Deepwater Asset Management advises investors to stick with the chip giant, as he believes AI will have a bigger impact than the internet and that Nvidia's deceleration won't occur for several years.
NVIDIA, Intel, OpenAI: NVIDIA invests in OpenAI, valued at over $100B, while Intel explores potential business changes including a split or sale of its foundry division, and Apple, Microsoft consider investment
NVIDIA continues to be a key player in the artificial intelligence industry, as evidenced by their reported investment in OpenAI, a startup valued at over $100 billion. Meanwhile, Intel, facing its most challenging period in its 56-year history, is exploring potential business changes including a split of its product design and manufacturing businesses or the sale of its foundry division. Apple and Microsoft are also reportedly considering investing in OpenAI. The holiday travel rush is already underway with over 17 million people expected to be screened at US airports during the Labor Day weekend.
Road travel and mosquito-borne diseases: During the upcoming holiday weekend, expect heavy road traffic and mosquito-borne disease risks. Plan your road trip wisely to avoid traffic congestion and protect yourself from mosquito bites to prevent health complications.
The upcoming holiday weekend is expected to see a significant increase in road travel due to lower gas prices, with around 85-90% of travelers opting to drive. However, motorists are advised to avoid peak hours and plan their journeys accordingly to avoid traffic congestion. Meanwhile, public health concerns are on the rise, with confirmed cases of mosquito-borne diseases such as West Nile and Triple E virus increasing in various parts of the country. These diseases can lead to serious health complications, including neurological problems and even death in some cases. It's important for individuals to take precautions to protect themselves from mosquito bites, such as wearing insect repellent and avoiding outdoor activities during peak mosquito hours. Stay informed about the latest health advisories and travel updates to ensure a safe and enjoyable holiday weekend.
AI in Business ROI: Implementing AI in businesses can lead to productivity and profitability gains, but achieving a desirable ROI requires strategic planning and execution.
AI implementation in businesses can lead to significant improvements in productivity and profitability, as demonstrated by various successful companies. However, achieving a desirable ROI requires careful strategy and execution. Meanwhile, in the world of sports, upsets continue to happen. Carlos Alcaraz, the favorite to win the US Open men's singles, was unexpectedly defeated by an unknown Dutch player, Botik Fundessenschalk. Naomi Osaka, a two-time open champion, also lost her second round match after a long layoff. In baseball, the Mets secured a win against Arizona, while the Yankees prepared to host St. Louis. In contract news, Brandon Aiyuk signed a four-year, $120 million deal with the 49ers, and Steph Curry extended his contract with the Warriors, earning $62 million in 2026 and 2027. Lastly, Scotty Sheffler is on track to make $25 million from his golf tournament winnings this weekend. Business executives will gather at Bloomberg's AI event on October 8th to discuss their strategies for deploying AI and achieving a desirable ROI. Register at BloombergLive.com/AI/radio to join in person or virtually.
Harris's values, polls: Vice President Harris's values have stayed consistent, but polls indicate a small bounce after the Democratic National Convention, suggesting a continuing honeymoon period for her
Harris's values remain consistent in her policy decisions, but the dynamics of the presidential race have shifted. At the FedEx Cup, Xander Schauffele took the lead with the lowest score in the opening round of the tournament. Meanwhile, in politics, Vice President Kamala Harris's interview on CNN revealed that her values have not changed since joining the presidential race, but the polls suggest a small bounce after the Democratic National Convention. The latest Bloomberg News morning consult swing state poll shows a 1 percentage point difference in Harris's support since last month, indicating a continuing honeymoon period for her. In Boston, listeners should note that Bloomberg Radio will be moving to 929 FM starting September 3rd.
Kamala Harris' Impact on Presidential Race: Kamala Harris' strong polling in swing states like North Carolina and traditionally Democratic states like Michigan and Wisconsin, as well as her competitive standing in Sun Belt states, is shifting the dynamics of the presidential race and putting pressure on Trump to perform well in these areas.
Kamala Harris' strong performance in recent polls, particularly in swing states like North Carolina, is shifting the dynamics of the presidential race. Her improvement in traditionally Democratic states like Michigan and Wisconsin, as well as her competitive standing in Sun Belt states like Arizona, Nevada, and Georgia, puts pressure on Donald Trump and could potentially make the race more competitive. The economy remains a top concern for voters, but Harris is not being negatively impacted by the current economic conditions, as voters do not hold her accountable for the economy under the Biden administration.
Student loans and personal debt: In swing states, voters trust Kamala Harris more than Trump on student loans and personal debt, potentially forcing Trump to change tactics in the election
According to a recent poll, voters in swing states trust Kamala Harris more than President Trump when it comes to student loans and personal debt. This is significant because Trump had planned to use this issue against Harris in the election. The fact that Harris is outperforming Trump on this issue may force Trump to find new ways to hold Harris accountable for the administration's economic policies. This news was discussed on Bloomberg Daybreak, a morning news program that covers stories from Wall Street to Washington and beyond. Listeners can tune in each morning on various podcast platforms, radio stations, and Bloomberg.com. Additionally, Jason Kelly, Bloomberg Originals Chief Correspondent, will be hosting Bloomberg Power Players New York on September 5th, where he will be interviewing sports leaders and other notable figures. Register now at BloombergLive.com slash Power Players to attend.