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

That's good to be all. That's good to be a man. I don't know about you, but I'm feeling fired up.

That's good to be all. That's good to be a man. I don't know about you, but I'm feeling fired up.

Sounds and sights from Chicago last night. Welcome to the Wednesday edition of Balance of Power Live from Chicago and Bloomberg TV and Radio. Alongside Kaylee Lines, I'm Joe Matthew. Having heard from the former President Barack Obama the former First Lady Michelle Obama. I think the room full of delegates still recovering from that night that we saw.

Sounds and sights from Chicago last night. Welcome to the Wednesday edition of Balance of Power Live from Chicago and Bloomberg TV and Radio. Alongside Kaylee Lines, I'm Joe Matthew. Having heard from the former President Barack Obama the former First Lady Michelle Obama. I think the room full of delegates still recovering from that night that we saw.

Yeah, of course, two of the most popular figures in democratic politics.

Yeah, of course, two of the most popular figures in democratic politics.

But that was not all.

But that was not all.

We also heard from the Second Gentleman, Doug M Hoff, who spoke about his wife, Kamala Harris, even though she herself was not present in the convention hall last night. Having gone with Tim Walls to Milwaukee, Wisconsin, filling the Pfizer Forum where the RNC was held last month with eighteen thousand people, and of course it will be Tim Walls in his turn in the spotlight tonight.

We also heard from the Second Gentleman, Doug M Hoff, who spoke about his wife, Kamala Harris, even though she herself was not present in the convention hall last night. Having gone with Tim Walls to Milwaukee, Wisconsin, filling the Pfizer Forum where the RNC was held last month with eighteen thousand people, and of course it will be Tim Walls in his turn in the spotlight tonight.

Made a brief appearance on the video screen. Yeah, people are getting a little bit Kamala Harris before the big speech. This one, of course, Day three a fight for our freedoms the theme, Kaylee, if that matters to anyone.

Made a brief appearance on the video screen. Yeah, people are getting a little bit Kamala Harris before the big speech. This one, of course, Day three a fight for our freedoms the theme, Kaylee, if that matters to anyone.

But of course the.

But of course the.

Headliner tonight is going to be her running mate, Tim Walls.

Headliner tonight is going to be her running mate, Tim Walls.

Yeah.

Yeah.

We'll also here from former President Bill Clinton, Speaker Mereda, Nancy Pelosi, Governor Jos Shapiro of Pennsylvania. There is a very long list of speakers slotted for this evening, So let's get the latest now and a recap of last night with Bloomberg's Tyler Kendall, who has eyes on the United Center here in Chicago. Tyler, Yeah, hey, Kaylee.

We'll also here from former President Bill Clinton, Speaker Mereda, Nancy Pelosi, Governor Jos Shapiro of Pennsylvania. There is a very long list of speakers slotted for this evening, So let's get the latest now and a recap of last night with Bloomberg's Tyler Kendall, who has eyes on the United Center here in Chicago. Tyler, Yeah, hey, Kaylee.

Night was actually the first time that we heard from former President Barack Obama since President Joe Biden decided to drop out of the twenty twenty four race. His speech last night was largely seen as this transition moment here at the Democratic National Convention, from President Biden's speech on Monday night to now introducing voters to this new Democratic ticket. I want you to take a listen here to former President Obama last night on the convention floor addressing everybody and signaling that this is a new era for the Democratic Party.

Night was actually the first time that we heard from former President Barack Obama since President Joe Biden decided to drop out of the twenty twenty four race. His speech last night was largely seen as this transition moment here at the Democratic National Convention, from President Biden's speech on Monday night to now introducing voters to this new Democratic ticket. I want you to take a listen here to former President Obama last night on the convention floor addressing everybody and signaling that this is a new era for the Democratic Party.

The torch has been passed.

The torch has been passed.

Now it is up to all of us to fight for the America we believe in. For all the incredible energy we've been able to generate over the last few weeks, for all the rallies and the memes, huh, this will still be a tight race in a closely divided country.

Now it is up to all of us to fight for the America we believe in. For all the incredible energy we've been able to generate over the last few weeks, for all the rallies and the memes, huh, this will still be a tight race in a closely divided country.

Both the former President and former First Lady Michelle Obama, who also spoke, tried to emphasize the newfound energy Kamala Harris's groundbreaking candidacy as the first woman of color presidential nominee is bringing to voters. But as you heard, they also warned this is expected to be a very close race, using the moment to deliver pointed criticism of former President Donald Trump too. As Harrison tries to build this broad coalition of support in her relatively new campaign, this through line that we're watching is this desire to prevent a second Trump term, whether that's been from moderates, progressives, or even former Republicans that we've seen on stage at the Democratic National Convention. Now, Joe and Keyley looking ahead to tonight, we know that we know that now Minnesota Governor Tim Walls will officially accept his vice presidential nomination when he takes the stage and introduces himself to voters here tonight.

Both the former President and former First Lady Michelle Obama, who also spoke, tried to emphasize the newfound energy Kamala Harris's groundbreaking candidacy as the first woman of color presidential nominee is bringing to voters. But as you heard, they also warned this is expected to be a very close race, using the moment to deliver pointed criticism of former President Donald Trump too. As Harrison tries to build this broad coalition of support in her relatively new campaign, this through line that we're watching is this desire to prevent a second Trump term, whether that's been from moderates, progressives, or even former Republicans that we've seen on stage at the Democratic National Convention. Now, Joe and Keyley looking ahead to tonight, we know that we know that now Minnesota Governor Tim Walls will officially accept his vice presidential nomination when he takes the stage and introduces himself to voters here tonight.

It's going to be a big night. Of course, Tyler will bring us inside the hall a little bit later on and see how things are shaping up on the floor of the convention on day three. Tyler Kendall, thank you so much as always, joining us now Bloomberg Economic Stephanie Flanders to talk about what, of course is the overriding issue in this campaign and one that we haven't necessarily heard enough about. Kaylee when it comes to details. Thanks for being with us. It's great to see you with Tell you if that is true, if the economy is the number one issue in this campaign, are these candidates saying enough?

It's going to be a big night. Of course, Tyler will bring us inside the hall a little bit later on and see how things are shaping up on the floor of the convention on day three. Tyler Kendall, thank you so much as always, joining us now Bloomberg Economic Stephanie Flanders to talk about what, of course is the overriding issue in this campaign and one that we haven't necessarily heard enough about. Kaylee when it comes to details. Thanks for being with us. It's great to see you with Tell you if that is true, if the economy is the number one issue in this campaign, are these candidates saying enough?

Well, I mean, certainly this week is not a week the convention week you never is never a great one for policy.

Well, I mean, certainly this week is not a week the convention week you never is never a great one for policy.

Well, I guess that's true, and I think this one.

Well, I guess that's true, and I think this one.

Probably more than usual because there's so much focus on building up the vibes for Kamala Harris and also sort of fleshing out her vision, firing up the troops, all the usual things. But I do think you saw even last week in her speech in North Carolina, she's trying to do that slightly difficult pivot from the Biden Harris ticket, where the perception was they were too often telling voters they ought to feel better about the economy than they actually were. There was a bit of that in her speech, but I think she was also trying to feel the pain of people, people who feel that their energy bills and their food bills are still too high, and propose some concrete things. I think what she talked about she has focused on housing, that is a big issue for people. She has some reasonably credible proposals on that I think more popular. Is certainly less popular with economists. Her talk of price gouging, having price controls on for groceries and other things, and following Donald Trump in this rather odd policy of exempting tips from tax. So I think we've seen hints of a pivot away a focus on the unfinished business of the Biden administration economically, but as you say, a lot more to do, because that's one of the issues people were not really feeling it on.

Probably more than usual because there's so much focus on building up the vibes for Kamala Harris and also sort of fleshing out her vision, firing up the troops, all the usual things. But I do think you saw even last week in her speech in North Carolina, she's trying to do that slightly difficult pivot from the Biden Harris ticket, where the perception was they were too often telling voters they ought to feel better about the economy than they actually were. There was a bit of that in her speech, but I think she was also trying to feel the pain of people, people who feel that their energy bills and their food bills are still too high, and propose some concrete things. I think what she talked about she has focused on housing, that is a big issue for people. She has some reasonably credible proposals on that I think more popular. Is certainly less popular with economists. Her talk of price gouging, having price controls on for groceries and other things, and following Donald Trump in this rather odd policy of exempting tips from tax. So I think we've seen hints of a pivot away a focus on the unfinished business of the Biden administration economically, but as you say, a lot more to do, because that's one of the issues people were not really feeling it on.

Well and u kean on housing specifically. That's actually something that former President Obama addressed in his remarks last night.

Well and u kean on housing specifically. That's actually something that former President Obama addressed in his remarks last night.

Here's a taste.

Here's a taste.

If we want to make it easier for more young people to buy a home, we need to build more units and cutter away some of the outdated and regulations that made it harder to build homes for working people in this country.

If we want to make it easier for more young people to buy a home, we need to build more units and cutter away some of the outdated and regulations that made it harder to build homes for working people in this country.

That is a priority.

That is a priority.

And she's put out a bug and planted you just then.

And she's put out a bug and planted you just then.

But part of the plan she's put out, obviously, including the down payment assistance for first time home buyers, has been criticized to your point about potentially being something that could be deficit additive and therefore potentially cause more economic problems realistically than it solves. We've seen criticism in that regard, frankly, for both of these campaigns. Donald Trump for tax cuts that also could be added to the deficit inflationary policy pursuits. Broadly, is there a real difference in the outcome for the economy no matter who wins, even if they get about it a different way, I think.

But part of the plan she's put out, obviously, including the down payment assistance for first time home buyers, has been criticized to your point about potentially being something that could be deficit additive and therefore potentially cause more economic problems realistically than it solves. We've seen criticism in that regard, frankly, for both of these campaigns. Donald Trump for tax cuts that also could be added to the deficit inflationary policy pursuits. Broadly, is there a real difference in the outcome for the economy no matter who wins, even if they get about it a different way, I think.

I mean one difference is there is a commitment. So far, Kamala Harris has signed up to the sort of Biden budget proposals for next year, not that they ever mean very much, but there is a plan which is involves the corporation corporate tax increase, which supposedly is offsetting some of the spending increases an offset these new spending proposals that she put forward last week. But I think most economists would say that the least sustainable path that we're seeing from the two candidates would be Donald Trump's because he wants to make permanent that enormous tax cut in the past few years and has said nothing really concrete about spending reductions. But on the housing side, I think the key thing there's always a challenge, right, it's for a chunk of most of a huge chunk of the elect of voters, it's their main source of wealth. But for another big chunk it's their main expense, the main thing they struggle with, and how do you try and how do you bring down the cost without also feeling like you're hitting people as well. So that's why I think that two sided approach she has actually does make some sense of real focus on increasing the supply the build Baby build along with that, along with pushing to Homer.

I mean one difference is there is a commitment. So far, Kamala Harris has signed up to the sort of Biden budget proposals for next year, not that they ever mean very much, but there is a plan which is involves the corporation corporate tax increase, which supposedly is offsetting some of the spending increases an offset these new spending proposals that she put forward last week. But I think most economists would say that the least sustainable path that we're seeing from the two candidates would be Donald Trump's because he wants to make permanent that enormous tax cut in the past few years and has said nothing really concrete about spending reductions. But on the housing side, I think the key thing there's always a challenge, right, it's for a chunk of most of a huge chunk of the elect of voters, it's their main source of wealth. But for another big chunk it's their main expense, the main thing they struggle with, and how do you try and how do you bring down the cost without also feeling like you're hitting people as well. So that's why I think that two sided approach she has actually does make some sense of real focus on increasing the supply the build Baby build along with that, along with pushing to Homer.

Have they heard that you need to say that that's goods.

Have they heard that you need to say that that's goods.

I don't think that.

I don't think that.

Let me just ask you the same question slightly differently. Are we sitting here in Chicago making too much of a deal, too much of an assumption that the next president the United States can actually have enough influence against the forces of the marketplace to control inflation.

Let me just ask you the same question slightly differently. Are we sitting here in Chicago making too much of a deal, too much of an assumption that the next president the United States can actually have enough influence against the forces of the marketplace to control inflation.

Well, I think that's I mean, there's certainly.

Well, I think that's I mean, there's certainly.

One one person.

One one person.

There's one concrete thing which a president can do to contribute to inflation, and that is impose a tariff on all imported goods.

There's one concrete thing which a president can do to contribute to inflation, and that is impose a tariff on all imported goods.

So the prospect of making it worse is more likely than making it.

So the prospect of making it worse is more likely than making it.

But I think you make a good point that it is very much down to the Federal Reserve, and there have been some question marks about whether a Trump two point zero would respect the independence of j. Powell and the Federal Reserve, and that's something we're definitely watching.

But I think you make a good point that it is very much down to the Federal Reserve, and there have been some question marks about whether a Trump two point zero would respect the independence of j. Powell and the Federal Reserve, and that's something we're definitely watching.

Yeah.

Yeah.

Of course, as this convention week coincides with Jackson holl And, we're all waiting to hear from Jeram Powell on Friday, Bloomberg. Stephanie Flanders, thank you so much for joining us now while the markets await Chairman Powell and are paying close attention to every word spoken out of Jackson Hole here in Chicago. Everyone was captivated last night by every word spoken by the former president Barack Obama. Here's some more of what he said.

Of course, as this convention week coincides with Jackson holl And, we're all waiting to hear from Jeram Powell on Friday, Bloomberg. Stephanie Flanders, thank you so much for joining us now while the markets await Chairman Powell and are paying close attention to every word spoken out of Jackson Hole here in Chicago. Everyone was captivated last night by every word spoken by the former president Barack Obama. Here's some more of what he said.

We believe the true freedom gives each of us the right to make decisions about our own life, how we worship, what our family looks like, how many kids we have.

We believe the true freedom gives each of us the right to make decisions about our own life, how we worship, what our family looks like, how many kids we have.

Who we marry.

Who we marry.

And we believe that freedom requires us to recognize that other people have the freedom to make choices that are different than ours.

And we believe that freedom requires us to recognize that other people have the freedom to make choices that are different than ours.

That's okay if a.

That's okay if a.

Parent or grandparent occasionally says something that makes us cringe. We don't automatically assume they're bad people. We recognize that the world is moving fast that they need time and maybe a little.

Parent or grandparent occasionally says something that makes us cringe. We don't automatically assume they're bad people. We recognize that the world is moving fast that they need time and maybe a little.

Encouragement to catch up.

Encouragement to catch up.

Our fellow citizens deserve the same grace we hope they'll extend to us.

Our fellow citizens deserve the same grace we hope they'll extend to us.

The ties that bind us together are still there.

The ties that bind us together are still there.

We still coach Little League and look out for our elder new neighbors. We still feed the hungry in churches and mosques and synagogues and temples.

We still coach Little League and look out for our elder new neighbors. We still feed the hungry in churches and mosques and synagogues and temples.

We share the same.

We share the same.

Pride when our Olympic athletes compete for the goal. Because because the vast majority of us do not want to live in a country that's bitter and divided.

Pride when our Olympic athletes compete for the goal. Because because the vast majority of us do not want to live in a country that's bitter and divided.

We want something better.

We want something better.

Joining us now for more on what we heard last night and what we have yet to hear on this night, Night three, and of course ultimately night four of the Democratic National Convention here in Chicago is Brad Howard. He is Corcoran Street Group founder and a Democratic strategist here with us on set.

Joining us now for more on what we heard last night and what we have yet to hear on this night, Night three, and of course ultimately night four of the Democratic National Convention here in Chicago is Brad Howard. He is Corcoran Street Group founder and a Democratic strategist here with us on set.

Always good to.

Always good to.

See you here on Bloomberg TV and Radio.

See you here on Bloomberg TV and Radio.

Brad.

Brad.

We heard from both of the Obamas yesterday what felt like a message and not a veiled one about the risk of complacency, this idea that this very much is still going to be a fight despite all of the enthusiasm Harris's candidacy. How does the party turn the enthusiasm that's being felt here in Chicago into actual votes.

We heard from both of the Obamas yesterday what felt like a message and not a veiled one about the risk of complacency, this idea that this very much is still going to be a fight despite all of the enthusiasm Harris's candidacy. How does the party turn the enthusiasm that's being felt here in Chicago into actual votes.

Yeah.

Yeah.

I think the beauty of the Obama coalition was always that you may not agree with me one hundred percent of the time on all of the issues, but there's a lot at stink and you've got to vote. And I think they're carrying that message through now to this newer generation who may not agree with one hundred percent of everything that Kamala Harris and Tim Waltz take a position on But that doesn't mean you should stay at home.

I think the beauty of the Obama coalition was always that you may not agree with me one hundred percent of the time on all of the issues, but there's a lot at stink and you've got to vote. And I think they're carrying that message through now to this newer generation who may not agree with one hundred percent of everything that Kamala Harris and Tim Waltz take a position on But that doesn't mean you should stay at home.

It doesn't mean you should sit on the couch. It means that you've got to.

It doesn't mean you should sit on the couch. It means that you've got to.

Look at the alternatives that are presented to you and which vision is more like the vision you want for the future of America. And I think they are so good at making that case to young voters in particular, and voters of color who often feel disenfranchised by our politics. I think you are seeing a beautiful consolidation of the base of those two entities. You know, we've got protests here at the Chicago but even last night you've seen folks Doug reaching out to them and people mentioning the protests like we welcome this dissenting voice with the Democratic Party because we are a big ten party. Take that energy though, and put it into victory in November, because what's at stake is care about the Palestinian people. Donald Trump's going to do no good and so you've got to really get on board here and come and unite and defeat Donald Trump in November.

Look at the alternatives that are presented to you and which vision is more like the vision you want for the future of America. And I think they are so good at making that case to young voters in particular, and voters of color who often feel disenfranchised by our politics. I think you are seeing a beautiful consolidation of the base of those two entities. You know, we've got protests here at the Chicago but even last night you've seen folks Doug reaching out to them and people mentioning the protests like we welcome this dissenting voice with the Democratic Party because we are a big ten party. Take that energy though, and put it into victory in November, because what's at stake is care about the Palestinian people. Donald Trump's going to do no good and so you've got to really get on board here and come and unite and defeat Donald Trump in November.

Well, there was a bit of nostalgia in the room last night. Yeah, Democrats remembered what it was like to live, what it was like to really hear a speech, and yeah, I think a lot of memories came back for some folks. It was not just Barack Obama, it was the former First Lady Michelle Obama, who also spoke to the delegates.

Well, there was a bit of nostalgia in the room last night. Yeah, Democrats remembered what it was like to live, what it was like to really hear a speech, and yeah, I think a lot of memories came back for some folks. It was not just Barack Obama, it was the former First Lady Michelle Obama, who also spoke to the delegates.

Listen, a familiar feeling that's been buried too deep for far too long.

Listen, a familiar feeling that's been buried too deep for far too long.

You know what I'm talking about. It's the contagious power of hope.

You know what I'm talking about. It's the contagious power of hope.

Indeed, talking about being on the cusp of a brighter day, there were some reportedly in the Biden camp bristled a little bit thinking that she was maybe lumping the Biden administration into the Trump in just kind of eight years of whatever, that was not noting the continuation of hope maybe that Joe Biden brought. It's pretty hard to project this new feeling of optimism without making a commentary on what's just passed.

Indeed, talking about being on the cusp of a brighter day, there were some reportedly in the Biden camp bristled a little bit thinking that she was maybe lumping the Biden administration into the Trump in just kind of eight years of whatever, that was not noting the continuation of hope maybe that Joe Biden brought. It's pretty hard to project this new feeling of optimism without making a commentary on what's just passed.

Well, I think, you know, we are extremely grateful for Joe Biden for what he did in twenty twenty and defeating Donald Trump and bringing us out of one of the worst economic conditions this country ever faced in a global pandemic, but at the same time, too putting a period to Joe Biden's incredible legacy also feels like we're closing the chapter of Donald Trump, right, We're trying to do the same thing here, and so I think what she's saying is there are a lot of people that still feel like we haven't fully emerged from the pandemic, that there's still elements of that toxic politics, the conspiracy driven agenda, that all the folks are still trying to blame various people on the pandemic when voters want to look to the future. And I think the case they're making last night is we are moving past this point. We were putting a period on that effort and those times, and we are looking to a bright new future. Donald Trump's going to send you back into that chaos of the past. We are now offering you an alternative, fresh, new vision for the future that's full of hope and unity and not the divisive politics of one individual who's got a litany of cases he wants to bring in terms of retaliatory measures.

Well, I think, you know, we are extremely grateful for Joe Biden for what he did in twenty twenty and defeating Donald Trump and bringing us out of one of the worst economic conditions this country ever faced in a global pandemic, but at the same time, too putting a period to Joe Biden's incredible legacy also feels like we're closing the chapter of Donald Trump, right, We're trying to do the same thing here, and so I think what she's saying is there are a lot of people that still feel like we haven't fully emerged from the pandemic, that there's still elements of that toxic politics, the conspiracy driven agenda, that all the folks are still trying to blame various people on the pandemic when voters want to look to the future. And I think the case they're making last night is we are moving past this point. We were putting a period on that effort and those times, and we are looking to a bright new future. Donald Trump's going to send you back into that chaos of the past. We are now offering you an alternative, fresh, new vision for the future that's full of hope and unity and not the divisive politics of one individual who's got a litany of cases he wants to bring in terms of retaliatory measures.

Well as we think about the attacks that Donald Trump has now lobbied at, this lobbed at this new ticket of Harrison Walls. In part, especially when Walls was selected, it was a criticism that he is ultraliberal, dangerously so is their characterization that he is incredibly progressive is how do you think with that criticism in mind, he's going to present himself to America tonight this He's going to try to bring back some of his progressive policies as governor of Minnesota or focus on his career as a legislator where he was more in the middle.

Well as we think about the attacks that Donald Trump has now lobbied at, this lobbed at this new ticket of Harrison Walls. In part, especially when Walls was selected, it was a criticism that he is ultraliberal, dangerously so is their characterization that he is incredibly progressive is how do you think with that criticism in mind, he's going to present himself to America tonight this He's going to try to bring back some of his progressive policies as governor of Minnesota or focus on his career as a legislator where he was more in the middle.

I think he's going to do both because no matter what has even though his positions may have changed a little bit over time, his values have not. And when Tim Wallas is a pro family Democrat, he was a pro family member of Congress, he was a pro family governor. He is going to be a pro family vice president. And this is going to be one of those old family tickets in the history of modern American politics.

I think he's going to do both because no matter what has even though his positions may have changed a little bit over time, his values have not. And when Tim Wallas is a pro family Democrat, he was a pro family member of Congress, he was a pro family governor. He is going to be a pro family vice president. And this is going to be one of those old family tickets in the history of modern American politics.

And so I think we're going to see is just telling voters who he is.

And so I think we're going to see is just telling voters who he is.

And I think once you understand Tim Walls, you understand his values, and his values are what's going to guide him and his vice presidencies. He helps to enact Kamala Harris's vision. And then these two together represent two I think very you know uniquely American upbringings and pieces of society at the moment, you know a midwestern dad who you know, really tried very hard to have a family, got his family, coach football. You know, just what you would expect. Flannel wearing midwestern dad and a woman who of color who caught away through adversity to come up and grew up in a place like California. You know, these are two very different stories and coming together bring shown Americans that you can be very.

And I think once you understand Tim Walls, you understand his values, and his values are what's going to guide him and his vice presidencies. He helps to enact Kamala Harris's vision. And then these two together represent two I think very you know uniquely American upbringings and pieces of society at the moment, you know a midwestern dad who you know, really tried very hard to have a family, got his family, coach football. You know, just what you would expect. Flannel wearing midwestern dad and a woman who of color who caught away through adversity to come up and grew up in a place like California. You know, these are two very different stories and coming together bring shown Americans that you can be very.

Different backgrounds and yet work together. And that's something we're going to see.

Different backgrounds and yet work together. And that's something we're going to see.

You mentioned the protesters, Brad, we haven't seen what many folks predicted, tens of thousands facing off with police. There was a bit of a skirmish last evening outside the cities is really consolately saw about a dozen protesters detained. Is that what you expected? How come this isn't coming to fruition?

You mentioned the protesters, Brad, we haven't seen what many folks predicted, tens of thousands facing off with police. There was a bit of a skirmish last evening outside the cities is really consolately saw about a dozen protesters detained. Is that what you expected? How come this isn't coming to fruition?

Well, I think a couple of things. I think Number one, you know Joe Biden's want making the decisions. I think it had he be the nominee, you probably would have had more of a pressure can be too, so I think so yeah. I think Kamala has showed an ability to tell these protesters that she wants to hear from them, but also this is her time, like let her tell her story. We will have times to have these conversations, and we were I think Democrats are all united behind peace in the Middle East and about bringing the hostages home. There's differences on how we do that and those will be played out. But also to Chicago p D, you got to give them credit. They know how to handle large crowds, they know how to handle protests. They've done a wonderful job. There have been a few skirmishes and things that we could have done a little differently, but all in all, I think the protesters are feeling hurt and acknowledged by the convention speakers, and I think that is critical too.

Well, I think a couple of things. I think Number one, you know Joe Biden's want making the decisions. I think it had he be the nominee, you probably would have had more of a pressure can be too, so I think so yeah. I think Kamala has showed an ability to tell these protesters that she wants to hear from them, but also this is her time, like let her tell her story. We will have times to have these conversations, and we were I think Democrats are all united behind peace in the Middle East and about bringing the hostages home. There's differences on how we do that and those will be played out. But also to Chicago p D, you got to give them credit. They know how to handle large crowds, they know how to handle protests. They've done a wonderful job. There have been a few skirmishes and things that we could have done a little differently, but all in all, I think the protesters are feeling hurt and acknowledged by the convention speakers, and I think that is critical too.

And finally, we only have a minute left, Brad. But it's been a pretty stacked first three nights. It will be another stack three nights. People that you would think maybe would introduce Kamala Harris have already spoken or going to speak this evening. Who was worthy of introducing the nominee on Thursday?

And finally, we only have a minute left, Brad. But it's been a pretty stacked first three nights. It will be another stack three nights. People that you would think maybe would introduce Kamala Harris have already spoken or going to speak this evening. Who was worthy of introducing the nominee on Thursday?

Yess some news. Well we're going to see it.

Yess some news. Well we're going to see it.

But you know, I'm excited tonight to hear from Bill Clinton. I'm from Arkansas, boy. Bill Clinton is the best messenger Democrats have on the economy.

But you know, I'm excited tonight to hear from Bill Clinton. I'm from Arkansas, boy. Bill Clinton is the best messenger Democrats have on the economy.

I think you're going to see him talk about that tonight.

I think you're going to see him talk about that tonight.

I'm super excited to have him put into a start contrast because right now I think the polling is showing that Trump is a slight lead on the economy. The Kama's overtaking him, She's rolled out her economic plan last week. Then you're going to see a really strong pitch in the economy and we're going to steal that away from the Republicans and win in the number on it.

I'm super excited to have him put into a start contrast because right now I think the polling is showing that Trump is a slight lead on the economy. The Kama's overtaking him, She's rolled out her economic plan last week. Then you're going to see a really strong pitch in the economy and we're going to steal that away from the Republicans and win in the number on it.

Great to see in Chicago, Thank you, welcome back home for you see Brat Howard Corkoran Street Group Democratic strategist setting us up here for night three. We thank you as always. I thought he was going to say Beyoncen.

Great to see in Chicago, Thank you, welcome back home for you see Brat Howard Corkoran Street Group Democratic strategist setting us up here for night three. We thank you as always. I thought he was going to say Beyoncen.

Yeah, I'm trying to get the Beyonce.

Yeah, I'm trying to get the Beyonce.

I want to break that for you here on.

I want to break that for you here on.

Bloomberg Straight Ahead, San Francisco, mayor London.

Bloomberg Straight Ahead, San Francisco, mayor London.

Breed your listening to the Bloomberg Balance of Power podcast kens just live weekdays at noon Eastern on Apple car Play and then Roud Otto with the Bloomberg Business app. You can also listen live on Amazon Alexa from our flagship New York station, Just Say Alexa Play Bloomberg eleven thirty.

Breed your listening to the Bloomberg Balance of Power podcast kens just live weekdays at noon Eastern on Apple car Play and then Roud Otto with the Bloomberg Business app. You can also listen live on Amazon Alexa from our flagship New York station, Just Say Alexa Play Bloomberg eleven thirty.

It is Day three turning into night three. This is the evening when we will hear from the vice presidential nominee, Governor of Minnesota, Tim Walls, as he makes his formal acceptance of the nomination. We'll be hearing from a number of other high profile speakers, including another former President, Bill Clinton tonight, after we heard from former President Barack Obama last night.

It is Day three turning into night three. This is the evening when we will hear from the vice presidential nominee, Governor of Minnesota, Tim Walls, as he makes his formal acceptance of the nomination. We'll be hearing from a number of other high profile speakers, including another former President, Bill Clinton tonight, after we heard from former President Barack Obama last night.

They'll be upping the ante here as each night goes by, although I think for a lot of the delegates in the room it's going to be tough to beat the Obama speeches the first Lady and the former president last evening. But you know who else we're going to hear from tonight is Nancy Pelosi. Yes, we've played a pretty major role in the development of this campaign over the last several weeks, and her message is going to be pretty important for that room too.

They'll be upping the ante here as each night goes by, although I think for a lot of the delegates in the room it's going to be tough to beat the Obama speeches the first Lady and the former president last evening. But you know who else we're going to hear from tonight is Nancy Pelosi. Yes, we've played a pretty major role in the development of this campaign over the last several weeks, and her message is going to be pretty important for that room too.

Yeah, especially whether or not she perhaps talks about the incumbent President Joe Biden, given the behind the scenes role we understood she played in the actual pushing him out of his re election campaign. She of course one of the still most powerful figures in democratic politics.

Yeah, especially whether or not she perhaps talks about the incumbent President Joe Biden, given the behind the scenes role we understood she played in the actual pushing him out of his re election campaign. She of course one of the still most powerful figures in democratic politics.

As we seize upon the voice of San Francisco, not just Nancy Pelosi, but the mayor of San Francisco. London Read is in Chicago, part of this convention and with us right now at the table. Mayor, it's great to see you. Thanks for joining.

As we seize upon the voice of San Francisco, not just Nancy Pelosi, but the mayor of San Francisco. London Read is in Chicago, part of this convention and with us right now at the table. Mayor, it's great to see you. Thanks for joining.

Thank you.

Thank you.

You have known Kamala Harris for a long time. You've been friends for twenty years outside of politics. You know this candidate, this nominee, better than most people who were going to talk with this week. And I understand that she's had wonderful advice for you over the years. I wonder what your advice is for her at this convention on Thursday night.

You have known Kamala Harris for a long time. You've been friends for twenty years outside of politics. You know this candidate, this nominee, better than most people who were going to talk with this week. And I understand that she's had wonderful advice for you over the years. I wonder what your advice is for her at this convention on Thursday night.

Wow, me give Kamala Harris advice. I'm not used to that one I only a friend could. Yeah.

Wow, me give Kamala Harris advice. I'm not used to that one I only a friend could. Yeah.

But the one thing I would say, when she is herself and giving it her all and speaking from the heart, there is nothing like it. She is strong, she is firm, she has committed to doing this work. But also she's a very compassionate person who deeply cares about justice and taking care of people. And she's proven that time and time again with the work that she's done over the years.

But the one thing I would say, when she is herself and giving it her all and speaking from the heart, there is nothing like it. She is strong, she is firm, she has committed to doing this work. But also she's a very compassionate person who deeply cares about justice and taking care of people. And she's proven that time and time again with the work that she's done over the years.

Well, certainly she's leaned into her past experience as a prosecutor of course, she was the DA of San Francisco before she became Attorney General of the state of California. And we've heard different iterations on the stage last night of this election, being something of a prosecutor up against a felon. How hard do you expect her to lean into that image, knowing that for some segments of the Democratic Coalition especially, it may actually be a bit problematic.

Well, certainly she's leaned into her past experience as a prosecutor of course, she was the DA of San Francisco before she became Attorney General of the state of California. And we've heard different iterations on the stage last night of this election, being something of a prosecutor up against a felon. How hard do you expect her to lean into that image, knowing that for some segments of the Democratic Coalition especially, it may actually be a bit problematic.

Well, I think it's important for her to talk about the work that she did. So not only did she prosecute people in San Francisco when we were dealing with the height of gun violence, I mean, she prosecuted people who committed murder. And it's important to make it clear that she was basically not holding any bars and doing that work. But at the same time, people who were in jail for small offenses, her Back on Track program provided a second chance at life as long as people were willing to put in the work to get through the program. So I think that you could support both. She wrote a book about it. She said, it's not about being tough on crime, it's not about being a soft on crime, but it's about being smart on crime and making sure that there's fairness there's justice and there's bad.

Well, I think it's important for her to talk about the work that she did. So not only did she prosecute people in San Francisco when we were dealing with the height of gun violence, I mean, she prosecuted people who committed murder. And it's important to make it clear that she was basically not holding any bars and doing that work. But at the same time, people who were in jail for small offenses, her Back on Track program provided a second chance at life as long as people were willing to put in the work to get through the program. So I think that you could support both. She wrote a book about it. She said, it's not about being tough on crime, it's not about being a soft on crime, but it's about being smart on crime and making sure that there's fairness there's justice and there's bad.

Well, to stick with that theme for a moment, you have something in common with this city of Chicago, and that you are held up San Francisco Chicago by Republicans on a regular basis as an example of what is wrong with progressive politics when it comes to crime. I know that you've tried to make strides in San Francisco, and how do you message that, Yes, what you're hearing so much from the other.

Well, to stick with that theme for a moment, you have something in common with this city of Chicago, and that you are held up San Francisco Chicago by Republicans on a regular basis as an example of what is wrong with progressive politics when it comes to crime. I know that you've tried to make strides in San Francisco, and how do you message that, Yes, what you're hearing so much from the other.

Side, Well, we have made strides, and in fact, San Francisco has one of the lowest crime rates of any major city in the country. This is the lowest crime rate we've had in over a decade, and not to mention, we are on track to have even one of the most the lowest homicide rates we've had in the history of our city.

Side, Well, we have made strides, and in fact, San Francisco has one of the lowest crime rates of any major city in the country. This is the lowest crime rate we've had in over a decade, and not to mention, we are on track to have even one of the most the lowest homicide rates we've had in the history of our city.

So when you.

So when you.

FactCheck and you look at the data and look at actually what's happening in San Francisco, people will be surprised. When I talk to other mayors, they're like, I wish I had those kind of small, big city problems, and the data doesn't lie. And I think if people look deep into what is going on in San Francisco, they'll see that it is one of the safest cities in the country.

FactCheck and you look at the data and look at actually what's happening in San Francisco, people will be surprised. When I talk to other mayors, they're like, I wish I had those kind of small, big city problems, and the data doesn't lie. And I think if people look deep into what is going on in San Francisco, they'll see that it is one of the safest cities in the country.

Of course, it's not just about crime, it's about the wire issue of homelessness. To you yourself have called for tough love when it comes to the notion of clearing out tent encampments, for example. Is that tough love working without progress on that front.

Of course, it's not just about crime, it's about the wire issue of homelessness. To you yourself have called for tough love when it comes to the notion of clearing out tent encampments, for example. Is that tough love working without progress on that front.

Yeah, it's been challenging.

Yeah, it's been challenging.

But since I've been in office, we've helped over fifteen thousand people exit homelessness. We've never even had a point in time account with more than like eight thousand or so people, So it's been really a tough struggle. But we also have to make sure when people are rejecting what we're offering in terms of services, we are now no longer just leaving them out on the streets, and we're being a lot more aggressive. To a certain extent, it's working because more people are accepting help, but there are still a really tough group of people, mostly tragically because of drug use. That's having an impact. We're still struggling with that point, but we're still making progress. The streets look better, it looks cleaner. We have one neighborhood that continues to experience more challenges than others. But when you come to San Francisco and you drive around our city and you look around our city, people are always like, what is everyone talking about?

But since I've been in office, we've helped over fifteen thousand people exit homelessness. We've never even had a point in time account with more than like eight thousand or so people, So it's been really a tough struggle. But we also have to make sure when people are rejecting what we're offering in terms of services, we are now no longer just leaving them out on the streets, and we're being a lot more aggressive. To a certain extent, it's working because more people are accepting help, but there are still a really tough group of people, mostly tragically because of drug use. That's having an impact. We're still struggling with that point, but we're still making progress. The streets look better, it looks cleaner. We have one neighborhood that continues to experience more challenges than others. But when you come to San Francisco and you drive around our city and you look around our city, people are always like, what is everyone talking about?

So you've got to come see.

So you've got to come see.

It for yourself and then check the facts in terms of the data as to what really is happening in San Francisco.

It for yourself and then check the facts in terms of the data as to what really is happening in San Francisco.

Well, if we can hold on to the issue of housing more broadly here, this is a big deal for this campaign and for this economy right now. And I know for a fact that that's not new for you. You've actually made this a major issue for you as a city official, as a commissioner, as mayor taking different ideas, experimental ideas to see what can be done to create more housing. I know that there's an effort to get people to a point where they can afford a first time home, but you need something to move into. You've suggested a lot of different ideas and tried them out, like converting empty public housing, for instance, city housing, city buildings. Rather, what advice do you have for the campaign that could be a national model to create more housing in this country.

Well, if we can hold on to the issue of housing more broadly here, this is a big deal for this campaign and for this economy right now. And I know for a fact that that's not new for you. You've actually made this a major issue for you as a city official, as a commissioner, as mayor taking different ideas, experimental ideas to see what can be done to create more housing. I know that there's an effort to get people to a point where they can afford a first time home, but you need something to move into. You've suggested a lot of different ideas and tried them out, like converting empty public housing, for instance, city housing, city buildings. Rather, what advice do you have for the campaign that could be a national model to create more housing in this country.

Well, Kambala Harris said it on the stage to say, getting rid of the red hate that makes it difficult to produce housing.

Well, Kambala Harris said it on the stage to say, getting rid of the red hate that makes it difficult to produce housing.

And fortunately in California.

And fortunately in California.

That just happened with a bill that was passed by the state legislature led.

That just happened with a bill that was passed by the state legislature led.

By Senator Scott Wiener from San.

By Senator Scott Wiener from San.

Francisco, and that bill will allow housing to be as of right if the zoning already allows for you to do for six eight stories, why is there so many obstacles that are able to get in the way, And now that won't happen as long as you're following what the existing laws.

Francisco, and that bill will allow housing to be as of right if the zoning already allows for you to do for six eight stories, why is there so many obstacles that are able to get in the way, And now that won't happen as long as you're following what the existing laws.

Are requirements for us. Yes, yes, San.

Are requirements for us. Yes, yes, San.

Francisco, definitely we could have those or not have those. We were making our city more of a transit first city as well as protected bike lanes allowing different modes of transportations to thrive in our city. So it's all of the above, and bureaucratic red tape is at the heart of the challenges that exist. And I love the fact that our vice president soon to be president, put that at the forefront of the conversation in California is already leading the way.

Francisco, definitely we could have those or not have those. We were making our city more of a transit first city as well as protected bike lanes allowing different modes of transportations to thrive in our city. So it's all of the above, and bureaucratic red tape is at the heart of the challenges that exist. And I love the fact that our vice president soon to be president, put that at the forefront of the conversation in California is already leading the way.

Well, certainly she has to at the forefront of the conversation. Have these notions of the economy, knowing it ranks so highly consistently in pulls as the top issue voters. Another issue that ranks highly though, is the border and migration. You hear frequently in the Republican camp that every state, every city is now effectively a border city. How do you view that issue when it comes not just to the city of San Francisco, but the state of California as a whole, And what the appropriate if we're going with a tough love kind of message here way is to deal with migration in the border.

Well, certainly she has to at the forefront of the conversation. Have these notions of the economy, knowing it ranks so highly consistently in pulls as the top issue voters. Another issue that ranks highly though, is the border and migration. You hear frequently in the Republican camp that every state, every city is now effectively a border city. How do you view that issue when it comes not just to the city of San Francisco, but the state of California as a whole, And what the appropriate if we're going with a tough love kind of message here way is to deal with migration in the border.

Well, it's important for them to implement the plan that they're talking about to make sure that there's a significant level of accountability.

Well, it's important for them to implement the plan that they're talking about to make sure that there's a significant level of accountability.

But I also want to be very clear because it's not just one thing.

But I also want to be very clear because it's not just one thing.

It's not just about people, it's also about substances. And in fact, the National Guard, the Drug Enforcement Agency, the US Attorney's Office who's working with us locally and including our state representatives, the California Highway Patrol, the National Guard, they are all collaborating on using technology in a way that is making a rest at the border for the illegal fentanyl that continues to come in to cities like San Francisco, And so that aggressive effort using technology can help us address those issues. In addition to the challenges with people who are coming over the border. I believe that Kamala Harris is the right person to implement a really tough strategy, but also a compassionate and understanding one, especially because it is so complicated in that we are a city, we are a country built on immigrants, and so we have to make sure that we're balancing that as well.

It's not just about people, it's also about substances. And in fact, the National Guard, the Drug Enforcement Agency, the US Attorney's Office who's working with us locally and including our state representatives, the California Highway Patrol, the National Guard, they are all collaborating on using technology in a way that is making a rest at the border for the illegal fentanyl that continues to come in to cities like San Francisco, And so that aggressive effort using technology can help us address those issues. In addition to the challenges with people who are coming over the border. I believe that Kamala Harris is the right person to implement a really tough strategy, but also a compassionate and understanding one, especially because it is so complicated in that we are a city, we are a country built on immigrants, and so we have to make sure that we're balancing that as well.

You say that she's the right person, and yet, and I'm sure you've heard this frequently in the last several weeks, Republicans argue she was put in charge of the border issue. Maybe not given the actual borders our title, but this was an issue she was supposed to own as vice president. She has been vice president for over three and a half years. If she couldn't get control of it, then how are we supposed to believe she could get control of it when she's actually sitting in the Oval office herself.

You say that she's the right person, and yet, and I'm sure you've heard this frequently in the last several weeks, Republicans argue she was put in charge of the border issue. Maybe not given the actual borders our title, but this was an issue she was supposed to own as vice president. She has been vice president for over three and a half years. If she couldn't get control of it, then how are we supposed to believe she could get control of it when she's actually sitting in the Oval office herself.

Well, here's the thing.

Well, here's the thing.

Control means different things, And I go back to my experience of the control around illegal stuff sences that are making it across border, the number of arrests, the number of drugs that have been confiscated as a result of.

Control means different things, And I go back to my experience of the control around illegal stuff sences that are making it across border, the number of arrests, the number of drugs that have been confiscated as a result of.

The efforts of the White House of the.

The efforts of the White House of the.

Federal partners that I mentioned earlier has yielded significant results, and I believe that that component of what they're doing even now has been impactful and will continue to be more impactful. In terms of some of the other challenges they have to continue to make sure that there's you know, a push. I mean everyone's talking about a wall, this and a wall that a wall is not going to you know, continuously keep people out. The goal is to try and get a better control over the border and making sure that we're implementing the right policies and being fair and equitable in our strategies, and developing better relationships with the countries, you know, in order to help support them so that we don't experience this challenge of everyone trying to you know, flee from a particular location to get into the United States.

Federal partners that I mentioned earlier has yielded significant results, and I believe that that component of what they're doing even now has been impactful and will continue to be more impactful. In terms of some of the other challenges they have to continue to make sure that there's you know, a push. I mean everyone's talking about a wall, this and a wall that a wall is not going to you know, continuously keep people out. The goal is to try and get a better control over the border and making sure that we're implementing the right policies and being fair and equitable in our strategies, and developing better relationships with the countries, you know, in order to help support them so that we don't experience this challenge of everyone trying to you know, flee from a particular location to get into the United States.

That's a big part of it as well.

That's a big part of it as well.

Well. What happened to California's workforce and economy if Donald Trump did become the next president and shut down the border, as he says, if you had no immigration in the workforce, could your economy sustain itself?

Well. What happened to California's workforce and economy if Donald Trump did become the next president and shut down the border, as he says, if you had no immigration in the workforce, could your economy sustain itself?

Well, that's I don't believe so.

Well, that's I don't believe so.

I think it's immigration is an important part of how our society works. And we need to make sure that we're balancing that with the needs of the people that we're here to serve. And ultimately, we're seeing some incredible opportunities within the job markets all over the state of California, and our goal is to do everything we can.

I think it's immigration is an important part of how our society works. And we need to make sure that we're balancing that with the needs of the people that we're here to serve. And ultimately, we're seeing some incredible opportunities within the job markets all over the state of California, and our goal is to do everything we can.

To balance that.

To balance that.

But going back to some of the illegal activities around the drugs, that is the thing that is harming our economy the most, and that is the thing that is important to focus on as we continue to move in this direction.

But going back to some of the illegal activities around the drugs, that is the thing that is harming our economy the most, and that is the thing that is important to focus on as we continue to move in this direction.

Well, if you listen to Donald Trump, he has said repeatedly that he actually thinks the economic problem with migration, in part is that migrants are coming to this country and they're taking black jobs. He said this on multiple occasions, and it was certainly noted by the former First Lady Michelle Obama last night.

Well, if you listen to Donald Trump, he has said repeatedly that he actually thinks the economic problem with migration, in part is that migrants are coming to this country and they're taking black jobs. He said this on multiple occasions, and it was certainly noted by the former First Lady Michelle Obama last night.

Who's gonna tell him that the job he's currently seeking might just be one of those black jobs?

Who's gonna tell him that the job he's currently seeking might just be one of those black jobs?

One of those moments I think we've all seen on social media a lot in the last twelve hours, certainly, but she, of course was on that stage speaking as a black woman and a powerful one at that, someone who was the first Lady of the United States speaking on behalf of another woman of color who is now the Democratic nominee and will be formally accepting it on Thursday. You yourself are a woman of color as well, and I wonder, as we consider the historic nature of this candidate, how the appropriate way to talk about that is, especially in the face of language like we're hearing from Donald Trump. Do you address it head on or do you ignore it?

One of those moments I think we've all seen on social media a lot in the last twelve hours, certainly, but she, of course was on that stage speaking as a black woman and a powerful one at that, someone who was the first Lady of the United States speaking on behalf of another woman of color who is now the Democratic nominee and will be formally accepting it on Thursday. You yourself are a woman of color as well, and I wonder, as we consider the historic nature of this candidate, how the appropriate way to talk about that is, especially in the face of language like we're hearing from Donald Trump. Do you address it head on or do you ignore it?

Well?

Well?

I think you address it head on, and I think it has been addressed, for example, applying somehow that Kamala Harris is a DEI candidate and he I mean, it's unbelievable when you look at her qualifications of her just look at her resume in comparison to his, there is no comparison.

I think you address it head on, and I think it has been addressed, for example, applying somehow that Kamala Harris is a DEI candidate and he I mean, it's unbelievable when you look at her qualifications of her just look at her resume in comparison to his, there is no comparison.

She wasn't born into privilege.

She wasn't born into privilege.

She worked really hard to get a law degree on her own, to really fight for a number of positions that she ran for, and to push for the kinds of policies that have helped to support Americans and the rights of women, LGBTQ.

She worked really hard to get a law degree on her own, to really fight for a number of positions that she ran for, and to push for the kinds of policies that have helped to support Americans and the rights of women, LGBTQ.

Community, and so on and so forth.

Community, and so on and so forth.

I can go on and on, but you know, that's one of the challenges that sometimes, you know, women and women of color have, is well, how did you get there? It must have been someone else. And you know, to be very clear, you know, when the man goes through a same process, that doesn't get questioned. And I think that's kind of the frustrating part of this, which is why I love being a part of the Democratic Party, because you see people who are elevating women. You see many men who spoke last night at the DNC, you know, highlighting Kamala Harris in such an extraordinary way, and I'm really proud, and it's no comparison. I think it's important for us to remind the American people not just of her qualifications, but why is this a race in the first place? In light of what Donald Trump has done to really, you know, create a huge barrier in this country overall, with his policies, with his pushes, with his lies, with his disrespect and his divisiveness.

I can go on and on, but you know, that's one of the challenges that sometimes, you know, women and women of color have, is well, how did you get there? It must have been someone else. And you know, to be very clear, you know, when the man goes through a same process, that doesn't get questioned. And I think that's kind of the frustrating part of this, which is why I love being a part of the Democratic Party, because you see people who are elevating women. You see many men who spoke last night at the DNC, you know, highlighting Kamala Harris in such an extraordinary way, and I'm really proud, and it's no comparison. I think it's important for us to remind the American people not just of her qualifications, but why is this a race in the first place? In light of what Donald Trump has done to really, you know, create a huge barrier in this country overall, with his policies, with his pushes, with his lies, with his disrespect and his divisiveness.

There should not be a question.

There should not be a question.

But we are going to continue to elevate Kamala Harris and do everything we can to ensure that she gets elected the next president of the United States.

But we are going to continue to elevate Kamala Harris and do everything we can to ensure that she gets elected the next president of the United States.

Just lastly, we hear from Donald Trump and Republicans that Kamala Harris, you're the mayor of San Francisco, is just another San Francisco Liberal. How do you respond to.

Just lastly, we hear from Donald Trump and Republicans that Kamala Harris, you're the mayor of San Francisco, is just another San Francisco Liberal. How do you respond to.

That, Well, I would respond, I mean the Republicans continue to point to San Francisco, but at the end of the day, oftentimes they are picking up their iPhone, you know, which was introduced in San Francisco, calling their ubers or Lyft companies started and based in San Francisco, to go to their Airbnb company still and started in San Francisco, and then to go and tweet something nasty about our city, which again was a company until recently in San Francisco thirty four billion dollars a venture capitalist investment last year alone, the AI capital of the world.

That, Well, I would respond, I mean the Republicans continue to point to San Francisco, but at the end of the day, oftentimes they are picking up their iPhone, you know, which was introduced in San Francisco, calling their ubers or Lyft companies started and based in San Francisco, to go to their Airbnb company still and started in San Francisco, and then to go and tweet something nasty about our city, which again was a company until recently in San Francisco thirty four billion dollars a venture capitalist investment last year alone, the AI capital of the world.

That's what I will say.

That's what I will say.

You can continue to try and put out a narrative, but the facts tell a different story, and we point to the facts and the economy and everything that San Francisco stands for on the world stage, everything that everyone is using as far as technology, it starts right in San Francisco.

You can continue to try and put out a narrative, but the facts tell a different story, and we point to the facts and the economy and everything that San Francisco stands for on the world stage, everything that everyone is using as far as technology, it starts right in San Francisco.

And again we're looking.

And again we're looking.

Forward to making sure Kamala Harris gets elected because then San Francisco will be on a whole nother national stage.

Forward to making sure Kamala Harris gets elected because then San Francisco will be on a whole nother national stage.

All right, San Francisco, mayor London Breed, great to have you here with us in Chicago.

All right, San Francisco, mayor London Breed, great to have you here with us in Chicago.

You're listening to the Bloomberg Balance of Power podcast kens just Live weekdays at noon Eastern on Apple car Play and then Roud Auto with the Bloomberg Business app. Listen on demand wherever you get your podcasts, or watch us live on YouTube.

You're listening to the Bloomberg Balance of Power podcast kens just Live weekdays at noon Eastern on Apple car Play and then Roud Auto with the Bloomberg Business app. Listen on demand wherever you get your podcasts, or watch us live on YouTube.

And of course, for someone like Kamala or anyone to be elected, you have to win the electoral college. You got to get those two hundred and seventy electoral college votes. And the map as we understand it includes Joe about seven swing states. But there have been conversations, at least when Biden was still in the races, to whether or not a state like Virginia could be up for grabs for a Republican And even still there does seem to be a suggestion that maybe even a state like Florida could be one up for grab for the Democrats.

And of course, for someone like Kamala or anyone to be elected, you have to win the electoral college. You got to get those two hundred and seventy electoral college votes. And the map as we understand it includes Joe about seven swing states. But there have been conversations, at least when Biden was still in the races, to whether or not a state like Virginia could be up for grabs for a Republican And even still there does seem to be a suggestion that maybe even a state like Florida could be one up for grab for the Democrats.

Oftency you ask, yeah, look our next.

Oftency you ask, yeah, look our next.

Guest indeed, And on that note, we go now to a Congressman from Florida. Democrat, Debbie Wasserman. Schultz is here with us on set in Chicago. Great to see you, to see you both. Congresswoman, if we could just begin knowing that you just had a decisive victory in your primary in Florida last night as well. What are you seeing on the ground in Florida? Do you think it would be wise for the Harris campaign to be investing resources in the state, knowing the many many media markets it has, It's a very expensive state to be competitive in. But if she made the decision to, could she actually be competitive.

Guest indeed, And on that note, we go now to a Congressman from Florida. Democrat, Debbie Wasserman. Schultz is here with us on set in Chicago. Great to see you, to see you both. Congresswoman, if we could just begin knowing that you just had a decisive victory in your primary in Florida last night as well. What are you seeing on the ground in Florida? Do you think it would be wise for the Harris campaign to be investing resources in the state, knowing the many many media markets it has, It's a very expensive state to be competitive in. But if she made the decision to, could she actually be competitive.

I'm telling everybody, as our most political folks in Florida, don't sleep on our state. We have some metrics that are emerging. Remember, for most election cycles in this century, we have been a purple state. We've been hyper competitive. Barack Obama won Florida both times that he ran. And I'll give you an example from just yesterday's primary. The enthusiasm among Democratic voters is off the charts. I mean, just to give you an idea, I won my primary, but it's not the win, it's the difference in the voter turnout between Democrats and Republicans. Thirty four thousand people voted in I got thirty four thousand votes. The primary winner on the Republican side got thirteen thousand votes. So just in terms of enthusiasm, you can see the difference. But polling last week, but both national polls that came out that polled Florida had the race within three and five.

I'm telling everybody, as our most political folks in Florida, don't sleep on our state. We have some metrics that are emerging. Remember, for most election cycles in this century, we have been a purple state. We've been hyper competitive. Barack Obama won Florida both times that he ran. And I'll give you an example from just yesterday's primary. The enthusiasm among Democratic voters is off the charts. I mean, just to give you an idea, I won my primary, but it's not the win, it's the difference in the voter turnout between Democrats and Republicans. Thirty four thousand people voted in I got thirty four thousand votes. The primary winner on the Republican side got thirteen thousand votes. So just in terms of enthusiasm, you can see the difference. But polling last week, but both national polls that came out that polled Florida had the race within three and five.

And then if you.

And then if you.

Look at the volunteer organization on the ground, twenty two thousand people signed up to volunteer to elect Kamala Harris president of the United States. So with the resources and also the Republicans have continued to distort their advantage. They say they have a million more registered voters in Florida.

Look at the volunteer organization on the ground, twenty two thousand people signed up to volunteer to elect Kamala Harris president of the United States. So with the resources and also the Republicans have continued to distort their advantage. They say they have a million more registered voters in Florida.

They don't.

They don't.

What they did was that they suppressed the voters who haven't voted in two elections and now show them as inactive even though they're still registered. So there aren't a million more Republicans registered to vote. We have huge enthusiasm. We beat almost every mom's for a liberty candidate that Ron DeSantis endorsed for school board races last night, about almost two dozen that he endorsed and he only won six of them. So the momentum is in our direction. No one should sleep on Florida.

What they did was that they suppressed the voters who haven't voted in two elections and now show them as inactive even though they're still registered. So there aren't a million more Republicans registered to vote. We have huge enthusiasm. We beat almost every mom's for a liberty candidate that Ron DeSantis endorsed for school board races last night, about almost two dozen that he endorsed and he only won six of them. So the momentum is in our direction. No one should sleep on Florida.

Well interesting and looking more broadly Florida and across the country and not just the swing states. Congressmen, our listeners and viewers should be reminded that you were chair of the DNC during Barack Obama's second convention. Yes, as president of the United States, will you seek to duplicate his map?

Well interesting and looking more broadly Florida and across the country and not just the swing states. Congressmen, our listeners and viewers should be reminded that you were chair of the DNC during Barack Obama's second convention. Yes, as president of the United States, will you seek to duplicate his map?

Well, what we're seeking to do is make sure that we can capitalize on the enthusiasm and the contrast between the momentum that we have under Kamala Harrison, Tim Walls because hope and optimism like we had during the Obama years and joy is what is pushing people forward because they want a president who was going to fight for them to reduce prescription drug prices.

Well, what we're seeking to do is make sure that we can capitalize on the enthusiasm and the contrast between the momentum that we have under Kamala Harrison, Tim Walls because hope and optimism like we had during the Obama years and joy is what is pushing people forward because they want a president who was going to fight for them to reduce prescription drug prices.