Bloomberg Audio Studios, podcasts, radio news. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon Eastern on Applecarplay and then Rouno with the Bloomberg Business App. Listen on demand wherever you get your podcasts, or watch us live on YouTube.

Bloomberg Audio Studios, podcasts, radio news. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon Eastern on Applecarplay and then Rouno with the Bloomberg Business App. Listen on demand wherever you get your podcasts, or watch us live on YouTube.

Welcome to the Wednesday edition of Balance of Power here on Bloomberg Radio, on the satellite radio, and on YouTube, where you can find us right now by searching Bloomberg Business News Live. And just like that you'll find our live feed here that actually runs all day from New York to Washington, DC and everything in between, all the shows you hear on the radio or on YouTube. And we invite you as always to join us here in the studio. Big News on CPI Day. That's where we start. And boy, the overlap with politics seems to be getting heavier by the minute. Keep in mind today Donald Trump's going to roll out his economic plan least as billed by the campaign on Friday. Kamala Harris is going to do the same thing on the eve of the Democratic National Convention. Where are we on taxes? Where are we on so many questions, including an approach to the Federal Reserve, and of course the almighty cost of goods. Is there any sunlight between Kamala Harris and Joe Biden. We'll find out, I guess Friday. And the fact is, maybe it doesn't matter because the news keeps looking pretty good, at least if you're looking for the opportunity, maybe between now and November, to declare victory in the fight over inflation. Stuart Paul must be getting excited listening to this. He's with us right now on the CPI Day Live from New York, Bloomberg Economics US economists. Great to see, is Stuart. The headline pretty encouraging if your name is Kamala Harris. Core inflation ease is a fourth month sealing a FED rate cut? What else do we need to know?

Welcome to the Wednesday edition of Balance of Power here on Bloomberg Radio, on the satellite radio, and on YouTube, where you can find us right now by searching Bloomberg Business News Live. And just like that you'll find our live feed here that actually runs all day from New York to Washington, DC and everything in between, all the shows you hear on the radio or on YouTube. And we invite you as always to join us here in the studio. Big News on CPI Day. That's where we start. And boy, the overlap with politics seems to be getting heavier by the minute. Keep in mind today Donald Trump's going to roll out his economic plan least as billed by the campaign on Friday. Kamala Harris is going to do the same thing on the eve of the Democratic National Convention. Where are we on taxes? Where are we on so many questions, including an approach to the Federal Reserve, and of course the almighty cost of goods. Is there any sunlight between Kamala Harris and Joe Biden. We'll find out, I guess Friday. And the fact is, maybe it doesn't matter because the news keeps looking pretty good, at least if you're looking for the opportunity, maybe between now and November, to declare victory in the fight over inflation. Stuart Paul must be getting excited listening to this. He's with us right now on the CPI Day Live from New York, Bloomberg Economics US economists. Great to see, is Stuart. The headline pretty encouraging if your name is Kamala Harris. Core inflation ease is a fourth month sealing a FED rate cut? What else do we need to know?

It was a pretty good report for the Fed. Headline inflation came in just a touch lower than folks expected. That allowed annual inflation to cool to two point nine percent from three percent. As you said, that's definitely good news for Kamala Harris, who is being painted largely with the same brush in terms of attribution of economic outcomes as President Biden has been painted with. Within the CPI report and One of the reasons why this is good news for the FED. A lot of the things that people finance and the things that have prices that are very much so directly affected by FED policy, things like cars, things like appliances and televisions, all of those are seeing price declines. Where there still are inflationary pressures are in a lot of the categories that the FED can't entirely control, or at least not very directly. So still seeing a lot of inflation. Pressures in rents and home prices do in large parts to a decade of underbuilding. The Biden administration is trying to combat that, issuing an one hundred million dollar grant to support new home construction. That is just a drop in the bucket when we think about forty six trillion dollars in residential real estate wealth in the country. But again, it's home price pressures and pressures in rent that's supporting inflation. Also seeing a lot of inflation in auto insurance, and you could end up seeing that attributed to corporate greed out on the campaign trail. That's a common refrain that we've heard from Kamala Harris. But this is really a large, largely a story of catch up inflation. We saw the run up in auto prices when cars were in short supply during the pandemic. When the replacement cost of autos gets higher, so to will insurance premiums. That's a lot of what's booing inflation right now auto insurance.

It was a pretty good report for the Fed. Headline inflation came in just a touch lower than folks expected. That allowed annual inflation to cool to two point nine percent from three percent. As you said, that's definitely good news for Kamala Harris, who is being painted largely with the same brush in terms of attribution of economic outcomes as President Biden has been painted with. Within the CPI report and One of the reasons why this is good news for the FED. A lot of the things that people finance and the things that have prices that are very much so directly affected by FED policy, things like cars, things like appliances and televisions, all of those are seeing price declines. Where there still are inflationary pressures are in a lot of the categories that the FED can't entirely control, or at least not very directly. So still seeing a lot of inflation. Pressures in rents and home prices do in large parts to a decade of underbuilding. The Biden administration is trying to combat that, issuing an one hundred million dollar grant to support new home construction. That is just a drop in the bucket when we think about forty six trillion dollars in residential real estate wealth in the country. But again, it's home price pressures and pressures in rent that's supporting inflation. Also seeing a lot of inflation in auto insurance, and you could end up seeing that attributed to corporate greed out on the campaign trail. That's a common refrain that we've heard from Kamala Harris. But this is really a large, largely a story of catch up inflation. We saw the run up in auto prices when cars were in short supply during the pandemic. When the replacement cost of autos gets higher, so to will insurance premiums. That's a lot of what's booing inflation right now auto insurance.

This is really interesting, and I'm glad that you pointed out, Stewart, the matter of shelter costs, because even if this economy is going into a slowdown, that doesn't seem to be impacting what we're paying to live. And it's interesting the jump in shelter, the largest category within services, didn't matter if you were talking about ownership or rent. Am I reading that right. Both are up four tenths after going up in June. Here, this is going to be very difficult for anybody running for office to get to that's right.

This is really interesting, and I'm glad that you pointed out, Stewart, the matter of shelter costs, because even if this economy is going into a slowdown, that doesn't seem to be impacting what we're paying to live. And it's interesting the jump in shelter, the largest category within services, didn't matter if you were talking about ownership or rent. Am I reading that right. Both are up four tenths after going up in June. Here, this is going to be very difficult for anybody running for office to get to that's right.

The thing that folks need to keep in mind is that mortgage rates were brought down below three percent when the Fed cut rates down to the bone following the onset of the COVID nineteen pandemic. When everybody refinanced their mortgage, it now makes it basically prohibitively expensive for them to list their homes in moves. So again, right, homes are at supply exactly, so homes are still in short supply, and so we're still seeing those pressures on both home ownership costs and on rents. And again, politicians can try to combat that as best as they can, but it's going to be difficult after a decade of underbuilding.

The thing that folks need to keep in mind is that mortgage rates were brought down below three percent when the Fed cut rates down to the bone following the onset of the COVID nineteen pandemic. When everybody refinanced their mortgage, it now makes it basically prohibitively expensive for them to list their homes in moves. So again, right, homes are at supply exactly, so homes are still in short supply, and so we're still seeing those pressures on both home ownership costs and on rents. And again, politicians can try to combat that as best as they can, but it's going to be difficult after a decade of underbuilding.

We got a statement from the White House today and you can almost just I mean, don't even look down. Just tell me what you think it says, because that second paragraph starts the same way every month. It doesn't seem to matter how good the news is. Prices are still too high. Period. This is a White House that is desperate to not be caught in the act of celebrating. Could that change between now and the election? I mean, we're noting in the statement inflation has fallen below three percent core inflation, lowest level since April twenty one. When can this White House, or god forbid, Kamala Harris say we made it.

We got a statement from the White House today and you can almost just I mean, don't even look down. Just tell me what you think it says, because that second paragraph starts the same way every month. It doesn't seem to matter how good the news is. Prices are still too high. Period. This is a White House that is desperate to not be caught in the act of celebrating. Could that change between now and the election? I mean, we're noting in the statement inflation has fallen below three percent core inflation, lowest level since April twenty one. When can this White House, or god forbid, Kamala Harris say we made it.

It's gonna be really tough. It's going to be a really tough to declare victory while at the same time recognizing that over the past four years, overall prices have increased over twenty percent, so the purchasing power of the cash that folks have had in their savings account is now reduced by a fifth relative to where they were when the Biden administration took office. It's not the administration's fault solely, of course. Again, rates were cut to the bone. We had stimulus and multiple rounds of direct checks distributed under both Trump and and we had tax reform under Trump. This isn't a Biden this isn't a consequence solely of Biden era policies. But it did take place on his watch. And if you were to just simply use, say the ray Fair model of predicting election outcomes, Kamala Harris would end up with just about a forty eight forty nine percent share of the two party poll. I'm interested to hear what we're gonna hear in the next segment about her polling in Florida, but and just how much she's going to bear that burden of responsibility for economic outcomes. But it would be a little bit tone deaf to say that that victory has been achieved in the fight against inflation.

It's gonna be really tough. It's going to be a really tough to declare victory while at the same time recognizing that over the past four years, overall prices have increased over twenty percent, so the purchasing power of the cash that folks have had in their savings account is now reduced by a fifth relative to where they were when the Biden administration took office. It's not the administration's fault solely, of course. Again, rates were cut to the bone. We had stimulus and multiple rounds of direct checks distributed under both Trump and and we had tax reform under Trump. This isn't a Biden this isn't a consequence solely of Biden era policies. But it did take place on his watch. And if you were to just simply use, say the ray Fair model of predicting election outcomes, Kamala Harris would end up with just about a forty eight forty nine percent share of the two party poll. I'm interested to hear what we're gonna hear in the next segment about her polling in Florida, but and just how much she's going to bear that burden of responsibility for economic outcomes. But it would be a little bit tone deaf to say that that victory has been achieved in the fight against inflation.

I think I've succeeded in turning Stuart Paul into a political analyst. What do you think, Bloomberg Economics US economist Stuart Great to see you and thank you on a CPI day. This is important stuff and we're gonna, yes, we're gonna move right into retail sales later this week. They're gonna be more data points, certainly before we get to Jackson Hole in a FED meeting in September. But the trajectory appears to be in place here, underscoring the argument for a cut in September just more a question of how big it's going to be. Keeping tabs on the trail here, we've been talking about this through the eyes of the campaign. Donald Trump will be fleshing out his economic plans four PM Ashville, North Carolina, and we'll of course let you know on the late edition of Balance of Power what he's talking about here, essentially preempting we're trying to Kamala Harris's big speech on Friday. They're both doing it North Carolina. She's going to be in Raleigh with her economic proposals today though she's often running with Joe Biden, and you know they're going to be talking about the cost of goods inflation. This keeps coming up. It's the number one issue what are your plans for the economy as we face a slow down here in a world of interest rate cuts instead of hikes. Bringing us to the swing state of Florida with a smirk, is David Paleologos. It's been some time since we've had a chance to talk with the man behind the Suffolk University Political Research Center, and everybody's talking about you, David this week because of this Florida poll that you guys put up, making us all wonder what the heck is this map actually going to look like once the race settles here coming out of Chicago, Welcome back to Bloomberg, David. It's good to have you. I don't want to just dwell completely on Florida, but that is why you're in the news this week, and I just wonder as you hear the conversation we're coming out of here on the economy. Trump speaks today Kamala Harris on Friday. How important are these economic plans going to be for getting to folks who haven't made up their mind yet.

I think I've succeeded in turning Stuart Paul into a political analyst. What do you think, Bloomberg Economics US economist Stuart Great to see you and thank you on a CPI day. This is important stuff and we're gonna, yes, we're gonna move right into retail sales later this week. They're gonna be more data points, certainly before we get to Jackson Hole in a FED meeting in September. But the trajectory appears to be in place here, underscoring the argument for a cut in September just more a question of how big it's going to be. Keeping tabs on the trail here, we've been talking about this through the eyes of the campaign. Donald Trump will be fleshing out his economic plans four PM Ashville, North Carolina, and we'll of course let you know on the late edition of Balance of Power what he's talking about here, essentially preempting we're trying to Kamala Harris's big speech on Friday. They're both doing it North Carolina. She's going to be in Raleigh with her economic proposals today though she's often running with Joe Biden, and you know they're going to be talking about the cost of goods inflation. This keeps coming up. It's the number one issue what are your plans for the economy as we face a slow down here in a world of interest rate cuts instead of hikes. Bringing us to the swing state of Florida with a smirk, is David Paleologos. It's been some time since we've had a chance to talk with the man behind the Suffolk University Political Research Center, and everybody's talking about you, David this week because of this Florida poll that you guys put up, making us all wonder what the heck is this map actually going to look like once the race settles here coming out of Chicago, Welcome back to Bloomberg, David. It's good to have you. I don't want to just dwell completely on Florida, but that is why you're in the news this week, and I just wonder as you hear the conversation we're coming out of here on the economy. Trump speaks today Kamala Harris on Friday. How important are these economic plans going to be for getting to folks who haven't made up their mind yet.

Well, the timing is really interesting, you know. In the poll, we looked at people who said the economy or inflation was the number one issue, and in Florida. Trump was beating Harris just among those voters by thirty points, sixty to thirty in Florida, and I'm in immigration voters who say immigration is the most important issue.

Well, the timing is really interesting, you know. In the poll, we looked at people who said the economy or inflation was the number one issue, and in Florida. Trump was beating Harris just among those voters by thirty points, sixty to thirty in Florida, and I'm in immigration voters who say immigration is the most important issue.

Trump was winning eighty six to six.

Trump was winning eighty six to six.

So Kamala Harris has drawn a lot of criticism for not doing Q and A and press availability. But I think what's going on is, since you got the nomination, she's she's doing research to figure out what her plan is going to be separate from Joe Biden and how she can sort of couch that difference and thread the needle.

So Kamala Harris has drawn a lot of criticism for not doing Q and A and press availability. But I think what's going on is, since you got the nomination, she's she's doing research to figure out what her plan is going to be separate from Joe Biden and how she can sort of couch that difference and thread the needle.

Interesting. I had a conversation with Democratic polsters Selinda Lake. I always picture you guys in your own special club here. You must have a secret handshake or something, And she was talking about this idea of Kamala Harris making Florida viable, making it competitive. David, Here's what she said.

Interesting. I had a conversation with Democratic polsters Selinda Lake. I always picture you guys in your own special club here. You must have a secret handshake or something, And she was talking about this idea of Kamala Harris making Florida viable, making it competitive. David, Here's what she said.

Sara's campaign is very disciplined. We stay focused on the battleground state. Trying to go into Florida, it's like trying to go into Western Europe. It's so many media markets, it's so expensive. This is a team that will keep their eye on the prize. We have our seven battleground states. We're going to win those states and we're going to concentrate.

Sara's campaign is very disciplined. We stay focused on the battleground state. Trying to go into Florida, it's like trying to go into Western Europe. It's so many media markets, it's so expensive. This is a team that will keep their eye on the prize. We have our seven battleground states. We're going to win those states and we're going to concentrate.

On So, David, tell us what you are learning in the Sunshine State here and how much attention we should be paying to states like Florida that aren't part of the swing states that most polls are focused on.

On So, David, tell us what you are learning in the Sunshine State here and how much attention we should be paying to states like Florida that aren't part of the swing states that most polls are focused on.

Yeah, so what we've picked up.

Yeah, so what we've picked up.

And this poll was on in August seventh to the eleventh, so it's pretty the ink is still pretty dry on this one. Is you know it's closer, Like going into this poll, like you have to separate yourself from being a poster and just a voter. I was looking at this not thinking it was going to be a close race for a bunch of different reasons. Florida has purged a million Democratic voters since twenty twenty off the rolls, such that the active vote account is plus one million for Republicans. So I didn't really expect it to be close.

And this poll was on in August seventh to the eleventh, so it's pretty the ink is still pretty dry on this one. Is you know it's closer, Like going into this poll, like you have to separate yourself from being a poster and just a voter. I was looking at this not thinking it was going to be a close race for a bunch of different reasons. Florida has purged a million Democratic voters since twenty twenty off the rolls, such that the active vote account is plus one million for Republicans. So I didn't really expect it to be close.

But it is.

But it is.

And the reason it is is because Kamala Harris has opened up a twelve point lead among women and to kind of offset the twenty four point lead among men that Trump has and she's winning independent, so she still has a long way to go. There's only three percent undecided, So a five point lead for Trump in Florida looks pretty solid.

And the reason it is is because Kamala Harris has opened up a twelve point lead among women and to kind of offset the twenty four point lead among men that Trump has and she's winning independent, so she still has a long way to go. There's only three percent undecided, So a five point lead for Trump in Florida looks pretty solid.

And then it opens up the whole.

And then it opens up the whole.

Question of RFK, who's got the biggest block of votes after you know, Trump and Harris at five percent, and I don't think he's going to end up with five percent. So the question is where those voters are going to roll to.

Question of RFK, who's got the biggest block of votes after you know, Trump and Harris at five percent, and I don't think he's going to end up with five percent. So the question is where those voters are going to roll to.

Well, you just said a lot, and I want to unpack some of this five point difference here in Florida. That in itself is news. I think we can argue, and you do have a four point four percent margin of error, just to give you a sense of what that actually looks like. Here, David, where was Joe Biden against Trump and Florida?

Well, you just said a lot, and I want to unpack some of this five point difference here in Florida. That in itself is news. I think we can argue, and you do have a four point four percent margin of error, just to give you a sense of what that actually looks like. Here, David, where was Joe Biden against Trump and Florida?

Oh far, I mean it was like night and day.

Oh far, I mean it was like night and day.

You know what we've seen with Joe Biden is he had just low enthusiasm. Even in our most recent national poll, it was a difference of people being excited for Joe Biden Russ very excited for Donald Trump. It was a twenty point difference. Now in Florida, it's pretty much wiped out. The amount of people who say they're voting for Kamala Harris are excited almost equally as they are for Donald Trump.

You know what we've seen with Joe Biden is he had just low enthusiasm. Even in our most recent national poll, it was a difference of people being excited for Joe Biden Russ very excited for Donald Trump. It was a twenty point difference. Now in Florida, it's pretty much wiped out. The amount of people who say they're voting for Kamala Harris are excited almost equally as they are for Donald Trump.

So that's off the table. The excitement advantage that Trump had with Biden.

So that's off the table. The excitement advantage that Trump had with Biden.

Fascinating. So you mentioned the third parties RFK. You combine third party voters with so called double haters, and this is the mushy mital here, right, This is the area that these candidates can actually maybe pick off some votes. David, how large is that pool when you put him together?

Fascinating. So you mentioned the third parties RFK. You combine third party voters with so called double haters, and this is the mushy mital here, right, This is the area that these candidates can actually maybe pick off some votes. David, how large is that pool when you put him together?

It's really large.

It's really large.

You know, when you're talking about percentage points, and now we're talking about a five point lead, not a fifteen point lead. So it's a it's an amazing dynamic to dissect. I mean, RFK was winning ten percent of no Party of affiliations or independence ten percent. He was winning twelve percent of black voters in Florida. He's winning seventeen percent of independent women that Kamala Harris really needs to win over. She already has a fairly big lead among independent women. But RFK was winning seventeen percent of them. So when you look at RK dropping and you're seeing some of these percentages potentially rotating to Kamala Harris that potentially could see even a closer race. That doesn't mean that she's going to win. It just means that the way the dynamics are, it's a closer race than you would think.

You know, when you're talking about percentage points, and now we're talking about a five point lead, not a fifteen point lead. So it's a it's an amazing dynamic to dissect. I mean, RFK was winning ten percent of no Party of affiliations or independence ten percent. He was winning twelve percent of black voters in Florida. He's winning seventeen percent of independent women that Kamala Harris really needs to win over. She already has a fairly big lead among independent women. But RFK was winning seventeen percent of them. So when you look at RK dropping and you're seeing some of these percentages potentially rotating to Kamala Harris that potentially could see even a closer race. That doesn't mean that she's going to win. It just means that the way the dynamics are, it's a closer race than you would think.

Spending time with David Paleologos at Suffolk University Political Research Center, David will Kamala Harris get a traditional convention bump out of Chicago next week.

Spending time with David Paleologos at Suffolk University Political Research Center, David will Kamala Harris get a traditional convention bump out of Chicago next week.

I think you have to expect it.

I think you have to expect it.

I mean, we have to look at history and you know, and if that's the case, then her in the national polls will probably jump a couple of points to maybe plus seven or plus eight, and then some of the swing states maybe.

I mean, we have to look at history and you know, and if that's the case, then her in the national polls will probably jump a couple of points to maybe plus seven or plus eight, and then some of the swing states maybe.

Plus five six.

Plus five six.

And I think that's why the Florida polls make sense to me. You know, you've got that dynamic going on nationally and in the swing states, and you know, in Florida, a lot of people don't realize this, but Florida has a ballot question on legalized marijuana, recreational marijuana that's going to drive out young people. They have an abortion rights question, state wide abortion rights question, which is going to drive out women drive up women, which will then by default, will help Kamala Harris's campaign. So when you're polling, you kind of have to take each cycle and eat the dynamics that are going on in each state into account, and we're picking that.

And I think that's why the Florida polls make sense to me. You know, you've got that dynamic going on nationally and in the swing states, and you know, in Florida, a lot of people don't realize this, but Florida has a ballot question on legalized marijuana, recreational marijuana that's going to drive out young people. They have an abortion rights question, state wide abortion rights question, which is going to drive out women drive up women, which will then by default, will help Kamala Harris's campaign. So when you're polling, you kind of have to take each cycle and eat the dynamics that are going on in each state into account, and we're picking that.

Up in the polling.

Up in the polling.

David, I had to chuckle this morning. I was reading the Politico out of the State House in Boston, and apparently the governor and Lieutenant Governor Mara Heally and Lieutenant govern will be in Chicago attending the festivities next week, and your state auditor is going to be in control of the government while they're gone.

David, I had to chuckle this morning. I was reading the Politico out of the State House in Boston, and apparently the governor and Lieutenant Governor Mara Heally and Lieutenant govern will be in Chicago attending the festivities next week, and your state auditor is going to be in control of the government while they're gone.

Yeah, hold on to your wallet. I guess with the state unit are being in control.

Yeah, hold on to your wallet. I guess with the state unit are being in control.

Uh, you know, I wouldn't want to be managing any of the state agencies at this at this time, but you know, to be king for a day, Yeah, I mean I expected Heally. I mean it makes sense to me what Heally offers to the National Democratic ticket. Lieutenant are surprised a bit, but you know, everybody, I don't know it personally, but everybody that you know I talk to speak very highly of the governor as well.

Uh, you know, I wouldn't want to be managing any of the state agencies at this at this time, but you know, to be king for a day, Yeah, I mean I expected Heally. I mean it makes sense to me what Heally offers to the National Democratic ticket. Lieutenant are surprised a bit, but you know, everybody, I don't know it personally, but everybody that you know I talk to speak very highly of the governor as well.

So it's just one of the progressive celebrities in Chicago. Hey, David, it's great to have you back. David Paley logos Suffolk University Research Center with the latest on the trail. Even in Florida, the numbers are moving This is Bloomberg.

So it's just one of the progressive celebrities in Chicago. Hey, David, it's great to have you back. David Paley logos Suffolk University Research Center with the latest on the trail. Even in Florida, the numbers are moving This is Bloomberg.

You're listening to the Bloomberg Balance of Power kens just live weekdays at noon Eastern on Applecarplay and enroid Oro with the Bloomberg Business Ad. You can also listen live on Amazon Alexa from our flagship New York station, Just say Alexa play. Bloomberg eleven thirty.

You're listening to the Bloomberg Balance of Power kens just live weekdays at noon Eastern on Applecarplay and enroid Oro with the Bloomberg Business Ad. You can also listen live on Amazon Alexa from our flagship New York station, Just say Alexa play. Bloomberg eleven thirty.

The fastest show in politics, live right now in Bloomberg Radio, on your satellite radio and on YouTube. Search Bloomberg Business News Live to find us there. We've got the cameras up in the studio and we welcome you always here in our first hour, about to talk about not only the campaign, which we've been invested in, and this CPI day with the intersection of politics and the economy. Donald Trump today rolling out his economic plan ahead of Kamala Harris doing the same on Friday. But one of the most important stories that's developing before our eyes here is one that is not getting enough coverage, and a couple of months ago would have been our lead story here for days on end, I'm sure, and that is Ukraine's incursion into Russia going on the offensive in the Curse region, as we've discussed here, and they are not turning back story on the terminal says it all. Russia says its air defenses had quite a night, shooting down one hundred and seventeen drones and four tactical missiles in one of the largest overnight attacks of this war since it began. The Defense Ministry in Moscow says its forces destroyed unmanned aerial vehicles over almost all regions bordering Ukraine. This is a remarkable moment we're in here. By the way, a Russian SU thirty four fighter bomber was apparently also shot down in the Kursk region. If you're with us on YouTube, showing you a map now of that region in yellow. Here if you're listening on the radio, this is northeastern Ukraine into Russia. And a pleasure to introduce doctor Rebecca Grant as we seek insights on what's happening and what might happen next, national security analyst and senior fellow at the Lexington Institute, Doctor Grant, it's great to see you on Bloomberg. Thank you for giving us some of your time today. Broadly speaking, here Ukraine has been pretty quiet about this. It was only in the last twenty four hours President Zelenski confirmed what was going on. How important is this foothold across the border going to be for Ukraine?

The fastest show in politics, live right now in Bloomberg Radio, on your satellite radio and on YouTube. Search Bloomberg Business News Live to find us there. We've got the cameras up in the studio and we welcome you always here in our first hour, about to talk about not only the campaign, which we've been invested in, and this CPI day with the intersection of politics and the economy. Donald Trump today rolling out his economic plan ahead of Kamala Harris doing the same on Friday. But one of the most important stories that's developing before our eyes here is one that is not getting enough coverage, and a couple of months ago would have been our lead story here for days on end, I'm sure, and that is Ukraine's incursion into Russia going on the offensive in the Curse region, as we've discussed here, and they are not turning back story on the terminal says it all. Russia says its air defenses had quite a night, shooting down one hundred and seventeen drones and four tactical missiles in one of the largest overnight attacks of this war since it began. The Defense Ministry in Moscow says its forces destroyed unmanned aerial vehicles over almost all regions bordering Ukraine. This is a remarkable moment we're in here. By the way, a Russian SU thirty four fighter bomber was apparently also shot down in the Kursk region. If you're with us on YouTube, showing you a map now of that region in yellow. Here if you're listening on the radio, this is northeastern Ukraine into Russia. And a pleasure to introduce doctor Rebecca Grant as we seek insights on what's happening and what might happen next, national security analyst and senior fellow at the Lexington Institute, Doctor Grant, it's great to see you on Bloomberg. Thank you for giving us some of your time today. Broadly speaking, here Ukraine has been pretty quiet about this. It was only in the last twenty four hours President Zelenski confirmed what was going on. How important is this foothold across the border going to be for Ukraine?

This is very very important, and the Kursk pocket proves first of all that Ukraine is still very much in this fight. As you said, a couple of weeks ago, a couple of months ago, it looked like the war was locked in a stalemate. Of course, that is still true along the eastern and the southern front, but Ukraine, with this surprise flank attack, has really opened up a new chapter and very interesting to me that the White House is absolutely fine with this. So this Ukrainian offensive in to Russia is going on with more than tacit approval from the United States and also from other NATO allies.

This is very very important, and the Kursk pocket proves first of all that Ukraine is still very much in this fight. As you said, a couple of weeks ago, a couple of months ago, it looked like the war was locked in a stalemate. Of course, that is still true along the eastern and the southern front, but Ukraine, with this surprise flank attack, has really opened up a new chapter and very interesting to me that the White House is absolutely fine with this. So this Ukrainian offensive in to Russia is going on with more than tacit approval from the United States and also from other NATO allies.

So how does Ukraine turn this into a foothold? How long can they hold this area? Can they expand it?

So how does Ukraine turn this into a foothold? How long can they hold this area? Can they expand it?

Well, that is the perfect question of what happens now. And because of the operational security around Ukraine's operation, you know we are going to just be guessing and watching YouTube and watching the.

Well, that is the perfect question of what happens now. And because of the operational security around Ukraine's operation, you know we are going to just be guessing and watching YouTube and watching the.

Map to see what happens.

Map to see what happens.

What we know so far is this incursion is about forty five miles deep and about twenty miles wide, they've been able to do it using vehicles like the US made Striker and others to move very very quickly. Got to mention it shows that Ukraine's forces have been very well trained by several NATO partners, and they're really very very capable. They're also rotating forces up to the battle edge and then back out very professional. But the question now is are they going for a particular objective, Will they then consolidate or at some.

What we know so far is this incursion is about forty five miles deep and about twenty miles wide, they've been able to do it using vehicles like the US made Striker and others to move very very quickly. Got to mention it shows that Ukraine's forces have been very well trained by several NATO partners, and they're really very very capable. They're also rotating forces up to the battle edge and then back out very professional. But the question now is are they going for a particular objective, Will they then consolidate or at some.

Point will they pull back.

Point will they pull back.

What we know is that Zelensky has said he doesn't intend to take and hold territory inside Russia. But what we don't know is how close Ukraine is to reaching their operational objectives with this invasion.

What we know is that Zelensky has said he doesn't intend to take and hold territory inside Russia. But what we don't know is how close Ukraine is to reaching their operational objectives with this invasion.

We're really moving into the second week now.

We're really moving into the second week now.

They may be going further north, perhaps towards a nuclear power plant, or maybe they've already made their point.

They may be going further north, perhaps towards a nuclear power plant, or maybe they've already made their point.

We'll see.

We'll see.

We've seen Russian civilians tens of thousands evacuate that area, and it made many of us ask the question what Vladimir Putin might be preparing as he gets Russian Russian citizens out of the way and a potential retaliatory strike against the Ukrainian military. But I know your specialty is in air power air defense. Ukraine has F sixteens. Now, I don't know how well trained these pilots are, but we're told they have US munitions. Will those F sixteen's help to protect Ukrainians on the ground in Russia?

We've seen Russian civilians tens of thousands evacuate that area, and it made many of us ask the question what Vladimir Putin might be preparing as he gets Russian Russian citizens out of the way and a potential retaliatory strike against the Ukrainian military. But I know your specialty is in air power air defense. Ukraine has F sixteens. Now, I don't know how well trained these pilots are, but we're told they have US munitions. Will those F sixteen's help to protect Ukrainians on the ground in Russia?

Good question.

Good question.

The F sixteens are certainly helping to protect Ukraine. Are they doing a combined arms operation with the Ukrainian forces in Russia?

The F sixteens are certainly helping to protect Ukraine. Are they doing a combined arms operation with the Ukrainian forces in Russia?

You know, we simply don't know.

You know, we simply don't know.

We have seen a couple video clips of Ukraine Air Force weapons detonation in that Kursk pocket, but we.

We have seen a couple video clips of Ukraine Air Force weapons detonation in that Kursk pocket, but we.

Don't know what the platform is.

Don't know what the platform is.

As to the F sixteen pilots in Ukraine, you know, how well trained are they?

As to the F sixteen pilots in Ukraine, you know, how well trained are they?

Hey, these are really really good pilots. First of all, they.

Hey, these are really really good pilots. First of all, they.

Came in as experienced aviators with combat experience, and they've been through the F sixteen schoolhouse, so they know not only how to fly the F sixteen, but how to employ it as a weapon system.

Came in as experienced aviators with combat experience, and they've been through the F sixteen schoolhouse, so they know not only how to fly the F sixteen, but how to employ it as a weapon system.

And the F sixteen, of course.

And the F sixteen, of course.

Has incredible area capabilities, but mostly we're talking about air to ground attack and the ability of the S sixteen to target Russian air defenses, including the air defenses that have been converted into ground to ground strike missiles for the Russians. So the F sixteens definitely are opening a new chapter, and we're seeing some combined arms work between air power and ground formations in the Kerk Pocket.

Has incredible area capabilities, but mostly we're talking about air to ground attack and the ability of the S sixteen to target Russian air defenses, including the air defenses that have been converted into ground to ground strike missiles for the Russians. So the F sixteens definitely are opening a new chapter, and we're seeing some combined arms work between air power and ground formations in the Kerk Pocket.

Spending time with doctor Rebecca Grant at the Lexington Institute, I want to turn your attention, Rebecca to the Middle East.

Spending time with doctor Rebecca Grant at the Lexington Institute, I want to turn your attention, Rebecca to the Middle East.

Now.

Now.

I know you're doing a lot of work for US today, but we're waiting for retaliatory strike, possibly maybe not by Iran against Israel. To the point where the US has been surging a lot extra hardware into the region, not just the guided missile subs or the aircraft carrier Strike Group that have been making headlines, but more F twenty two's to stand by for whatever might happen. And remembering the April attack by Iran, the drone attack, the missile attack into Israel, we saw American pilots shooting down missiles and drones from US fighter jets. Are we going to see that again with these F twenty twos if Iran decides to strike, oh.

I know you're doing a lot of work for US today, but we're waiting for retaliatory strike, possibly maybe not by Iran against Israel. To the point where the US has been surging a lot extra hardware into the region, not just the guided missile subs or the aircraft carrier Strike Group that have been making headlines, but more F twenty two's to stand by for whatever might happen. And remembering the April attack by Iran, the drone attack, the missile attack into Israel, we saw American pilots shooting down missiles and drones from US fighter jets. Are we going to see that again with these F twenty twos if Iran decides to strike, oh.

One hundred percent, if Iran tries another big attack with you know, three hundred objects like they did back in April. You know, so the tactical problem is this. It's about one thousand miles from Tehran to Tel Aviv. That's a big swath of airspace, and so US Central Command is guarding that by using land based fighters like the F twenty twos that have been surged into theatre. And let me tell you that I think is the biggest combat deployment of F twenty two's that we've ever seen. Already, there was the USS Theodore Roosevelt aircraft carrier with her air wing, which as far as I can tell, is doing twenty four to seven operations, so they monitor this. I believe Jordan is probably helping out because Jordan, of course borders over in that other.

One hundred percent, if Iran tries another big attack with you know, three hundred objects like they did back in April. You know, so the tactical problem is this. It's about one thousand miles from Tehran to Tel Aviv. That's a big swath of airspace, and so US Central Command is guarding that by using land based fighters like the F twenty twos that have been surged into theatre. And let me tell you that I think is the biggest combat deployment of F twenty two's that we've ever seen. Already, there was the USS Theodore Roosevelt aircraft carrier with her air wing, which as far as I can tell, is doing twenty four to seven operations, so they monitor this. I believe Jordan is probably helping out because Jordan, of course borders over in that other.

Side of the airspace.

Side of the airspace.

So we have to be able to watch the airspace using missile defense systems and then using the fighter aircraft to be able to chase down an intercept. Particularly in this case the Irans rather slow flying drones. They are incredibly vulnerable. So you're an F twenty two pilot and your cockpit display has showing you a whole lot of Iranian targets in the air. If Iran tries a similar type of strike.

So we have to be able to watch the airspace using missile defense systems and then using the fighter aircraft to be able to chase down an intercept. Particularly in this case the Irans rather slow flying drones. They are incredibly vulnerable. So you're an F twenty two pilot and your cockpit display has showing you a whole lot of Iranian targets in the air. If Iran tries a similar type of strike.

What an incredible image that you're painting here, Rebecca This is direct engagement we're talking about with Americans. It's the equivalent of boots on the ground in the sky in this case, what would that mean if one of our aircrews was knocked out of the sky, if this became more complex in our effort to protect Israel.

What an incredible image that you're painting here, Rebecca This is direct engagement we're talking about with Americans. It's the equivalent of boots on the ground in the sky in this case, what would that mean if one of our aircrews was knocked out of the sky, if this became more complex in our effort to protect Israel.

Well, you're right, it is boots in the sky.

Well, you're right, it is boots in the sky.

Believe me.

Believe me.

The fighter pilots have their own boots, so they fly in boots, and it is boots in the sky.

The fighter pilots have their own boots, so they fly in boots, and it is boots in the sky.

You know.

You know.

First of all, there's always a search and rescue plan in place. But more importantly, we've deployed our top of the line systems F twenty two's F thirty five seats. Actually it's a marine squadron heading into the region and other fifteen's and other fighters in place. So the idea is to have enough superiority and enough visibility in the battle space, and by that I mean F twenty two and others are looking to see where it rans.

First of all, there's always a search and rescue plan in place. But more importantly, we've deployed our top of the line systems F twenty two's F thirty five seats. Actually it's a marine squadron heading into the region and other fifteen's and other fighters in place. So the idea is to have enough superiority and enough visibility in the battle space, and by that I mean F twenty two and others are looking to see where it rans.

Air defenses pop up.

Air defenses pop up.

They can see when something goes hot on their screen and give warning to others in the strike package, and of course than attack and neutralize it if necessary. So using that great stealth and situation awareness should make this a rarely an airspace where the US and allies can be absolutely dominant. That's the point of bringing in all our first line weapons.

They can see when something goes hot on their screen and give warning to others in the strike package, and of course than attack and neutralize it if necessary. So using that great stealth and situation awareness should make this a rarely an airspace where the US and allies can be absolutely dominant. That's the point of bringing in all our first line weapons.

So you're clearly not worried about the potential for an escalatory standoff here by putting American service members in this case airmen and sailors marines in a direct confrontation with unmanned weapons from Irun.

So you're clearly not worried about the potential for an escalatory standoff here by putting American service members in this case airmen and sailors marines in a direct confrontation with unmanned weapons from Irun.

Well, make no mistake.

Well, make no mistake.

The US has deployed enough so that they actually have some good strike options.

The US has deployed enough so that they actually have some good strike options.

Available, and by that I mean the ability.

Available, and by that I mean the ability.

To attack hooty targets in Yemen, the ability to attack targets in Iran if that becomes necessary, and then to strike back against any other I ran back militia. So deploying enough to have offensive strike options is part of the deterrence equation, and this mass of high level US forces is meant to be squashing down Iran's tactical options. Hopefully that deters an attack. If not, it makes it much easier to defend against that. Might there be some retaliatory strikes by the US depending on the circumstances. Well, yeah, they've got the firepower in theater to do it. But the goal is not to start a war to maintain or reestablish deterrence.

To attack hooty targets in Yemen, the ability to attack targets in Iran if that becomes necessary, and then to strike back against any other I ran back militia. So deploying enough to have offensive strike options is part of the deterrence equation, and this mass of high level US forces is meant to be squashing down Iran's tactical options. Hopefully that deters an attack. If not, it makes it much easier to defend against that. Might there be some retaliatory strikes by the US depending on the circumstances. Well, yeah, they've got the firepower in theater to do it. But the goal is not to start a war to maintain or reestablish deterrence.

Pretty remarkable, just in our remaining moment, Doctor, The more time goes by, does that make it less likely that iron strikes?

Pretty remarkable, just in our remaining moment, Doctor, The more time goes by, does that make it less likely that iron strikes?

You know, only Iran knows, and we're here. Remember their president has only been in power for a few weeks. We're hearing about divisions. I'd like to think the crisis diminishes, but really only Iran knows about that decisions. But boy, they are staring at a lot of us and Allied firepower right now.

You know, only Iran knows, and we're here. Remember their president has only been in power for a few weeks. We're hearing about divisions. I'd like to think the crisis diminishes, but really only Iran knows about that decisions. But boy, they are staring at a lot of us and Allied firepower right now.

Fascinating conversation, doctor, and I really appreciate your joining us. Those of us who've been watching on YouTube have been admiring what has to be the coolest Mantle photograph I've ever seen. Behind you ten ten on the room rater, doctor, many thanks, and don't be a stranger, Doctor Rebecca Grant, national Security Analyst, senior fellow at the Lexington Institute. With our eyes on two theaters here and a lot of questions about what might happen in the coming days, just consider we're going to be in Chicago on Monday for the DNC. Could this be the backdrop of Day one when Joe Biden addresses the delegates with Iran dealing with Israel and the US in the mix. We're going to have a lot more ahead. We'll assemble our political panel next as you would expect on the fastest show in politics. Thanks for being with us. I'm Joe Matthew in Washington. This is Bloomberg. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon Eastern on appocarplay and enroun Otto with the Bloomberg Business app. Listen on demand wherever you get your podcasts, or watch us live on YouTube here on Bloomberg Radio, on the satellite and on YouTube. It's good to have. You can always find us on YouTube all of our shows throughout the day. Search Bloomberg Business News Live, blam Oh, there's our live feed. We'll meet you there on CPI Day, which seems to have more political connotation than ever as we move closer to the convention, closer to the closer to the debate when the economy, when prices for goods and services will be in the air. The smartest political analysis I read this morning after eight thirty came from end to current. It was just one post on our top live blog, and it says it all the fact of the matter is fourth month of cooling inflation. Great news for Kamala Harris. But both campaigns can find a lot to talk about in here. As I read on the blog from end to if you're on the Harris campaign team, you're probably breathing easier. The headline takeaway inflation continues to ease. That's the easy part, right fed cut next month. But if you're the Trump campaign, you will not lose time highlighting the ongoing sting from housing costs. Remember we talked about shelter costs with Stuart Paul car insurance. He also highlighted it and other staples the fodder for each side of the aisle. So everybody is happy today in the world of politics, and I'm glad to say end to Current is with us right now. Bloomberg Global Economics reporter, good to see you. You've got a real political mind. As you look at this data, I sort of think of you that way. And that's the way we have to be reading this stuff now, isn't it.

Fascinating conversation, doctor, and I really appreciate your joining us. Those of us who've been watching on YouTube have been admiring what has to be the coolest Mantle photograph I've ever seen. Behind you ten ten on the room rater, doctor, many thanks, and don't be a stranger, Doctor Rebecca Grant, national Security Analyst, senior fellow at the Lexington Institute. With our eyes on two theaters here and a lot of questions about what might happen in the coming days, just consider we're going to be in Chicago on Monday for the DNC. Could this be the backdrop of Day one when Joe Biden addresses the delegates with Iran dealing with Israel and the US in the mix. We're going to have a lot more ahead. We'll assemble our political panel next as you would expect on the fastest show in politics. Thanks for being with us. I'm Joe Matthew in Washington. This is Bloomberg. You're listening to the Bloomberg Balance of Power podcast. Catch us live weekdays at noon Eastern on appocarplay and enroun Otto with the Bloomberg Business app. Listen on demand wherever you get your podcasts, or watch us live on YouTube here on Bloomberg Radio, on the satellite and on YouTube. It's good to have. You can always find us on YouTube all of our shows throughout the day. Search Bloomberg Business News Live, blam Oh, there's our live feed. We'll meet you there on CPI Day, which seems to have more political connotation than ever as we move closer to the convention, closer to the closer to the debate when the economy, when prices for goods and services will be in the air. The smartest political analysis I read this morning after eight thirty came from end to current. It was just one post on our top live blog, and it says it all the fact of the matter is fourth month of cooling inflation. Great news for Kamala Harris. But both campaigns can find a lot to talk about in here. As I read on the blog from end to if you're on the Harris campaign team, you're probably breathing easier. The headline takeaway inflation continues to ease. That's the easy part, right fed cut next month. But if you're the Trump campaign, you will not lose time highlighting the ongoing sting from housing costs. Remember we talked about shelter costs with Stuart Paul car insurance. He also highlighted it and other staples the fodder for each side of the aisle. So everybody is happy today in the world of politics, and I'm glad to say end to Current is with us right now. Bloomberg Global Economics reporter, good to see you. You've got a real political mind. As you look at this data, I sort of think of you that way. And that's the way we have to be reading this stuff now, isn't it.

I think we have to be at this stage of election cycle, as you know so well, Joe. You know all the polls have told us that the economy has been top of mind for people. The cost of living has been top of mind for people. Now we have this inflation data for July. Like you say, headline number is pretty good, suggesting the the Fed and the policy makers are turning in corner with inflation prices coming down for apparel, for airfares, prices coming down for new news cars. There's good news there, inflation coming off the ball. But to your point, I mean within that big sting in the tail with rents still going up. Rents weren't meant to be going up at this pace by now. The hope was that they'll be turning off. And in other daily stables that car insurance. You know, you buy a cheap car, but you're going to pay fortune on car insurance. Plenty of stinging the tail there. So yes, the point is good news on a headline basis, of course, administration and welcome mad But if you're in the opposition, you're in the trum campaign. Plenty for you two ride home on too.

I think we have to be at this stage of election cycle, as you know so well, Joe. You know all the polls have told us that the economy has been top of mind for people. The cost of living has been top of mind for people. Now we have this inflation data for July. Like you say, headline number is pretty good, suggesting the the Fed and the policy makers are turning in corner with inflation prices coming down for apparel, for airfares, prices coming down for new news cars. There's good news there, inflation coming off the ball. But to your point, I mean within that big sting in the tail with rents still going up. Rents weren't meant to be going up at this pace by now. The hope was that they'll be turning off. And in other daily stables that car insurance. You know, you buy a cheap car, but you're going to pay fortune on car insurance. Plenty of stinging the tail there. So yes, the point is good news on a headline basis, of course, administration and welcome mad But if you're in the opposition, you're in the trum campaign. Plenty for you two ride home on too.

You remember there was a presidential campaign wrapped around this whole thing at one point. Why because the rent is too damn high does Donald Trump start talking about this shelter costs a real thing and a lot of young people can relate with it, of course, he are.

You remember there was a presidential campaign wrapped around this whole thing at one point. Why because the rent is too damn high does Donald Trump start talking about this shelter costs a real thing and a lot of young people can relate with it, of course, he are.

And housing costs very real. I mean it varies around the country, of course, but certainly the housing market has been in something of a funk canire for the past two years. You know, investors aren't willing to invest develop property, people are willing to sell their homes. Is it sort of an inventory problem? There's a high rent story. There's a lot going on there. So yes, you would say it's good political, fertile political ground for anyone to harvest. But you would imagine maybe Vice President Harris too might come out with some ideas of her own. As you know, she has her speech coming up this year, so she may also use that as an opportunity to let her Oh.

And housing costs very real. I mean it varies around the country, of course, but certainly the housing market has been in something of a funk canire for the past two years. You know, investors aren't willing to invest develop property, people are willing to sell their homes. Is it sort of an inventory problem? There's a high rent story. There's a lot going on there. So yes, you would say it's good political, fertile political ground for anyone to harvest. But you would imagine maybe Vice President Harris too might come out with some ideas of her own. As you know, she has her speech coming up this year, so she may also use that as an opportunity to let her Oh.

I'm glad you brought that up, because we're going to talk to our panel about this next. Donald Trump talks today, and we've heard his plan is largely to get at it through energy. Drill, baby drill. He says, you bring energy prices lower, and everything else follows. Some voters want to hear a little more than that. I know investors do, and you wonder to what extent will Kamala Harris be able to show any sunlight between herself and Joe Biden issue.

I'm glad you brought that up, because we're going to talk to our panel about this next. Donald Trump talks today, and we've heard his plan is largely to get at it through energy. Drill, baby drill. He says, you bring energy prices lower, and everything else follows. Some voters want to hear a little more than that. I know investors do, and you wonder to what extent will Kamala Harris be able to show any sunlight between herself and Joe Biden issue.

Well, politically it means she has to make that calculation how far can't you push them out? But on the ground, to your point, people would probably love to hear some solutions in terms of how do you bring or how do you slow to increase in rent, how do you increase supply in housing. I mean, ninety percent of the inflation increase today was because of the whole shelter story, So there's a I think people on the ground of any stripe are open to solutions in terms of easing up the housing story and in other aspects of costs of living too. How do you tackle what's going on in curR insurance, for example, how can you keep an eye on companies who are price gouging. There's lots of charity there for both candidates. It's a question of just how do you want to sell that to the public.

Well, politically it means she has to make that calculation how far can't you push them out? But on the ground, to your point, people would probably love to hear some solutions in terms of how do you bring or how do you slow to increase in rent, how do you increase supply in housing. I mean, ninety percent of the inflation increase today was because of the whole shelter story, So there's a I think people on the ground of any stripe are open to solutions in terms of easing up the housing story and in other aspects of costs of living too. How do you tackle what's going on in curR insurance, for example, how can you keep an eye on companies who are price gouging. There's lots of charity there for both candidates. It's a question of just how do you want to sell that to the public.

So that's right, helping us get our arms around the most important issue on the trail and the current Thank you Wender, Great to see you as always, Bloomberg Global Economy reporter, connecting the dots for us here as we assemble our political panel. Genie Shanzino is whether Bloomberg Politics contributor of course, democratic strategist and political science professor at Iona University. And Brittany Martinez, Republican strategist, founder of A Spina and Company. Great to see you both and thanks for joining the conversation. Brittany, I'll start with you because Donald Trump is up first here. We're going to hear from both candidates on their economic plans this week. Does he need to say more today than drill, Baby, Drill.

So that's right, helping us get our arms around the most important issue on the trail and the current Thank you Wender, Great to see you as always, Bloomberg Global Economy reporter, connecting the dots for us here as we assemble our political panel. Genie Shanzino is whether Bloomberg Politics contributor of course, democratic strategist and political science professor at Iona University. And Brittany Martinez, Republican strategist, founder of A Spina and Company. Great to see you both and thanks for joining the conversation. Brittany, I'll start with you because Donald Trump is up first here. We're going to hear from both candidates on their economic plans this week. Does he need to say more today than drill, Baby, Drill.

I do think he needs to say more than that, and also just stay on message. I think he needs to stop talking about crowd sizes, you know, wondering what race or nationality. You know, the vice president is a race I should say, and really focus on, you know, what he did when he was president. A lot of people, whether you like Trump or not, a lot of people aren't happy with the economy under Biden, and they feel that they were in a better spot under Trump, and so he really needs to be able to hammer that point home and be able to connect with people on that level and not be just so erratic in his messaging all the time.

I do think he needs to say more than that, and also just stay on message. I think he needs to stop talking about crowd sizes, you know, wondering what race or nationality. You know, the vice president is a race I should say, and really focus on, you know, what he did when he was president. A lot of people, whether you like Trump or not, a lot of people aren't happy with the economy under Biden, and they feel that they were in a better spot under Trump, and so he really needs to be able to hammer that point home and be able to connect with people on that level and not be just so erratic in his messaging all the time.

Genie, there was a poll that I think so far as an outlier from the Financial Times earlier this week, and we talked about it when it was released, suggesting that more people actually trust Kamala Harris when it comes to handling the economy than Donald Trump. But every other poll, including our own Swing State Pole, shows a wide lead for Trump on who do you trust to handle the economy? Interest rates, the cost of goods, the cost of services. She's going to have to remove herself from Joe Biden on this issue to make a difference, won't she.

Genie, there was a poll that I think so far as an outlier from the Financial Times earlier this week, and we talked about it when it was released, suggesting that more people actually trust Kamala Harris when it comes to handling the economy than Donald Trump. But every other poll, including our own Swing State Pole, shows a wide lead for Trump on who do you trust to handle the economy? Interest rates, the cost of goods, the cost of services. She's going to have to remove herself from Joe Biden on this issue to make a difference, won't she.

She will?

She will?

And you know, you were just talking about the Suffolk poll. You look at that obviously Florida, but Donald Trump winning amongst people who say the economy is the most important issue by something like thirty points. And you know, we see that across the nation. As much as the Financial Times poll really got Democrats happy and excited, and they seem to be moving in the right direction on the economy and on immigration, Donald Trump is still winning by large numbers. And so to Berney's point, if he can stay on message, that would be very helpful to the campaign. The problem has been he has been way off message. I mean I listened to the Musk interview. He had forty minutes on the assassination attempt, and much less on how his economic policy and plans and record, because he has one is different than Kamala Harris's and so that is what he needs to do. And to your point, she needs to define herself. As much as she has been our vice president, most people still don't know a lot about Kamala Harris and what her plans are and who she is. So she's got, unlike Joe Biden, this window to define herself on the economy, and it's going to be critically important. I think what she says in Maryland with the President and then in North Carolina this week critically important to the rest of the campaign because the economy is it for most voters as they run to the polls in November.

And you know, you were just talking about the Suffolk poll. You look at that obviously Florida, but Donald Trump winning amongst people who say the economy is the most important issue by something like thirty points. And you know, we see that across the nation. As much as the Financial Times poll really got Democrats happy and excited, and they seem to be moving in the right direction on the economy and on immigration, Donald Trump is still winning by large numbers. And so to Berney's point, if he can stay on message, that would be very helpful to the campaign. The problem has been he has been way off message. I mean I listened to the Musk interview. He had forty minutes on the assassination attempt, and much less on how his economic policy and plans and record, because he has one is different than Kamala Harris's and so that is what he needs to do. And to your point, she needs to define herself. As much as she has been our vice president, most people still don't know a lot about Kamala Harris and what her plans are and who she is. So she's got, unlike Joe Biden, this window to define herself on the economy, and it's going to be critically important. I think what she says in Maryland with the President and then in North Carolina this week critically important to the rest of the campaign because the economy is it for most voters as they run to the polls in November.

And that's its tall order, Genie, I'm sure you would agree. I mean, this has been in the White House with Joe Biden since we came out of COVID, since inflation has been a story here. So to try to slice this thing into something different is going to be a real task. Brittany. The fact of the matter is Republicans have the goods here. You can talk about a fourth month of ongoing inflation, but there's a reason why the White House, in its statement on the CPI today said prices are still too high. Republicans, Donald Trump, anybody JD. Vance can point to very specifically shelter costs. You've done nothing to help young people get a foothold in the housing market, car insurance, the cost of vehicles themselves, even getting at the EV issue here, Brittany, isn't this a grab bag for the Trump campaign?

And that's its tall order, Genie, I'm sure you would agree. I mean, this has been in the White House with Joe Biden since we came out of COVID, since inflation has been a story here. So to try to slice this thing into something different is going to be a real task. Brittany. The fact of the matter is Republicans have the goods here. You can talk about a fourth month of ongoing inflation, but there's a reason why the White House, in its statement on the CPI today said prices are still too high. Republicans, Donald Trump, anybody JD. Vance can point to very specifically shelter costs. You've done nothing to help young people get a foothold in the housing market, car insurance, the cost of vehicles themselves, even getting at the EV issue here, Brittany, isn't this a grab bag for the Trump campaign?

It absolutely should be. I think that when Republicans are able to stay on a message when it comes to these sorts of things, they're able to be successful. But again, the question is is whether he's able to stay on message or not. He hasn't really been able to. And then when you look at his candidate, Senator Vance, he has also kind of been in these first few weeks as the choice, a chaotic choice, a chaotic candidate, right, I mean, he's he, I think was the lowest ranking VP pick in the polls of all time, and that you're right, there are so many things to point to and if you happen to catch Yesterday, Nikki Haley, she did an interview where she was saying Republicans needs to stop whining and they need to start paying attention to these issues and talking about these issues because this is what people care about. I think that when it comes to the debate in a few weeks here, we'll maybe see them on both sides really stick to those talking points. But we're a few weeks out and people are starting to pay attention, especially with the DNC convention coming up next week. So yes, I think there's more than enough here for Republicans, especially at the top of the ticket, to be talking about. But that's not the case unfortunately for them.

It absolutely should be. I think that when Republicans are able to stay on a message when it comes to these sorts of things, they're able to be successful. But again, the question is is whether he's able to stay on message or not. He hasn't really been able to. And then when you look at his candidate, Senator Vance, he has also kind of been in these first few weeks as the choice, a chaotic choice, a chaotic candidate, right, I mean, he's he, I think was the lowest ranking VP pick in the polls of all time, and that you're right, there are so many things to point to and if you happen to catch Yesterday, Nikki Haley, she did an interview where she was saying Republicans needs to stop whining and they need to start paying attention to these issues and talking about these issues because this is what people care about. I think that when it comes to the debate in a few weeks here, we'll maybe see them on both sides really stick to those talking points. But we're a few weeks out and people are starting to pay attention, especially with the DNC convention coming up next week. So yes, I think there's more than enough here for Republicans, especially at the top of the ticket, to be talking about. But that's not the case unfortunately for them.

Talk about the convention for a moment here. Of course, we're going to be there Monday, one week from tonight, Jeanie. We've added another here to the list, Transportation Secretary Pete buddhajeedge lands a prime time slot on Wednesday Night. This is Jim Wall's Knight and Harris and Walls. Also, we have learned next week are going to plan a rally not in Chicago, but in Milwaukee. They're going to use it looks like the very same convention hall that Donald Trump used in Milwaukee. What do you make of these updates to the agenda and what does it tell us specifically about Pete Boodha Judge landing a slot like that.

Talk about the convention for a moment here. Of course, we're going to be there Monday, one week from tonight, Jeanie. We've added another here to the list, Transportation Secretary Pete buddhajeedge lands a prime time slot on Wednesday Night. This is Jim Wall's Knight and Harris and Walls. Also, we have learned next week are going to plan a rally not in Chicago, but in Milwaukee. They're going to use it looks like the very same convention hall that Donald Trump used in Milwaukee. What do you make of these updates to the agenda and what does it tell us specifically about Pete Boodha Judge landing a slot like that.

Yeah, I think it's smart for them to go to Milwaukee, right, you know, it's not far right across the border. Wisconsin, as we know, a must state, So it does make sense. And heck, if you can take Donald Trump's tax policies on say tips for waiters and waitresses, why not go to his convention house. So there you go. You know, I do think the Buddha Judge move makes good sense as well. Incredibly popular with the base. He is an up and coming star in the Democratic side, and so you know that's the kind of person you want. And Joe, I have to say, I think earlier you gave me an idea for somebody else. Jimmy McMillan, The rent is too damn high.

Yeah, I think it's smart for them to go to Milwaukee, right, you know, it's not far right across the border. Wisconsin, as we know, a must state, So it does make sense. And heck, if you can take Donald Trump's tax policies on say tips for waiters and waitresses, why not go to his convention house. So there you go. You know, I do think the Buddha Judge move makes good sense as well. Incredibly popular with the base. He is an up and coming star in the Democratic side, and so you know that's the kind of person you want. And Joe, I have to say, I think earlier you gave me an idea for somebody else. Jimmy McMillan, The rent is too damn high.

Guys, Yes, thank you.

Guys, Yes, thank you.

Yeah, as a New Yorker, we know him. He's you know, the rent is too damn high for everybody. So get him out there at the along with Judge.

Yeah, as a New Yorker, we know him. He's you know, the rent is too damn high for everybody. So get him out there at the along with Judge.

God, you just pulled that in, Jimmy McMillan. You think I'll have the gloves on the leather gloves and the whole thing. The rent is too damn high, party, Brittany, is there something there for Republicans to seize on.

God, you just pulled that in, Jimmy McMillan. You think I'll have the gloves on the leather gloves and the whole thing. The rent is too damn high, party, Brittany, is there something there for Republicans to seize on.

Yeah, I mean always, especially Trump. Look, we all know that Trump likes giving people nicknames. I think that would be a smart nickname to use as opposed to, you know, all of the crazy ones that he's saying. But yeah, I mean there's, like I said, there's just so much here to pull from, and it's a matter of whether he can remain on messaging or not. And I think next week it's going to be really interesting to see what comes out of the Democrats convention.

Yeah, I mean always, especially Trump. Look, we all know that Trump likes giving people nicknames. I think that would be a smart nickname to use as opposed to, you know, all of the crazy ones that he's saying. But yeah, I mean there's, like I said, there's just so much here to pull from, and it's a matter of whether he can remain on messaging or not. And I think next week it's going to be really interesting to see what comes out of the Democrats convention.

I agree with you.

I agree with you.

Seeing that buddhaj Edge is sort of at a prime time spot shows that they care, that's what they want to be leaning into, not just now, but in the future, and they see him as a rising star in the party. I mean obviously he is. He's been you know, from Mayor Pete to Department of Transportation, right. And I think though Republicans, if they're paying attention and tuning in, especially Trump campaign, they should be. I'm sure they will be Trump Love's TV be able to use some of those things to help them with what they should be saying.

Seeing that buddhaj Edge is sort of at a prime time spot shows that they care, that's what they want to be leaning into, not just now, but in the future, and they see him as a rising star in the party. I mean obviously he is. He's been you know, from Mayor Pete to Department of Transportation, right. And I think though Republicans, if they're paying attention and tuning in, especially Trump campaign, they should be. I'm sure they will be Trump Love's TV be able to use some of those things to help them with what they should be saying.

American People producer Matt says it all. Jimmy McMillan best facial hair in politics, not counting Ty Cobb. If that means something to you, you are truly a wonk. Would you try to counter program the convention, Brittany? Or should Donald Trump laylow reset the clock next week?

American People producer Matt says it all. Jimmy McMillan best facial hair in politics, not counting Ty Cobb. If that means something to you, you are truly a wonk. Would you try to counter program the convention, Brittany? Or should Donald Trump laylow reset the clock next week?

I think resetting the clock would be helpful. Is it possible or probable? Probably not. But we did see though, between the debate and the assassination and attempt, there were a few weeks he was pretty under the radar. I think right now what I've seen is Trump who continues to spiral when all these polls are coming out that now has the vice president ahead of him, especially out of the swing states.