david gura, i'm going to go right to you. chicago to me is a mystery. one of the early moments of the summer was jim bianca saying there would be protests. david: we knew there would be protests at the convention. i think up until this moment, there was a sense that there would be protests. we will see the degree to which that manifests now with what has happened today. well that we have seen it leads me to believe it will be a calmer convention than many expected. there was the expectation it would be fractious and fragile. we have to see if anyone comes out and says i am interested in challenging kamala harris for the presidential nomination. if that does not happen, i think we could see a vote of four kamala harris to be the democratic nominee. that would lead to a much more successful convention in chicago than many expected. tom: look at the picking of her vice president now, why not? there is no time compression. this is a nation turned upside down. give her a week and pick someone. joe: we are not that far from the chicago convention. i think we

sonali: that is bloomberg's david gura. ill have full coverage of president biden's address tonight at 8:00 p.m. new york time. and also you can listen to david's podcast on apple podcast, spotify, or wherever you get your podcasts. still ahead, we'll take a look at the companies making the most buzz on social media today. that is social climbers. that's up next. this is bloomberg. ♪ with so many choices on booking.com there are so many tina feys i could be. so i hired body doubles. mountain climbing tina at a cabin. or tree climbing tina at a beach resort. nice! booking.com booking.yeah. ♪ katie: time for social climbers. companies making waves on social media this morning. and first up, t-mobile and kkr forming a joint venture to buy metro net. the wireless carrier will use the digital and fine per infrastructure to expand to more households. and we have blackrock mortgage trust which provides financing for commercial real estate cutting its dividend by 24%. now the cut comes as defaults increase and borrowers struggle to

that is david gura.e are now will -- welcoming back anne walsh to talk about the political ramifications for the markets where there are worries that if trump were to take office than there could be an inflation force under the market. do you share that view? can yields be rising into next year and not falling? anne: if we just take one step back and think about the gravity of where we are in history, we are awash in what i would refer to as grey wands. we had former president trump shot at and we have had the current president biden step back. this is an unprecedented time. in an otherwise large backdrop of other sorts of unprecedented economic milestones we have seen . a huge amount of fiscal spending and low unemployment world, tightening by the fed. all of this is going on and now we had the volatility made worse by the question of our policies. to your question with regard to where we are in the risk of inflation, the bond market thinks there is a risk of inflation and the policies being inflationar