i -- kailey: if i could interject -- >> kailey: the facts are important to us.t the trump-pence administration approved $8.4 trillion for borrowing, and some of that was for covid relief, and that is excluding the cares and covid $4.8. it is not just the harris-biden team that has increased the deficit, yes? >> i'm glad you brought that up. exactly right. half of that, a little more than half, i was user numbers, half of that was in response to covid-19. an unforeseen pandemic that shut down the entire world. without covid-19, you were talking $4 trillion over four years, nancy pelosi wanted to spend money, donald trump wanted to close the deficits, when you talk about what we were spending the money on, it was rebuilding the military. compare that to the biden-harris administration. we are running a $2 trillion deficit now. what do they want to do? they want to spend more money. they might be down year-over-year from inflation but the accumulative effect of price increases. families are dealing with that. if you ask which candidate will have lower deficits and

kailey: absolutely. the debate coming up on tuesday and perhaps the trump conduct in the q&a that's about to take place when he finishes his repair remarks could be indicative of the answers we could get when pressed on these policies and it is worth painting i -- pointing out that harris could be pressed on this as well, as she has floated higher tax rates and is still talking about subsidizing first time down payment assistance for first-time homebuyers and a higher tax credit for small businesses. it all costs money and economists told me she could have deficit active policies like donald trump and they could both be facing difficult questions when it comes to what they are outlining. what i would note as we look at what could translate to the debate stage, trump seems to be sticking to his prepared script. we often see him veering off onto different topics and speeches like this and that doesn't necessarily appear to be happening as he speaks before the economic club of new york today. kailey: i noti

we are joined by kailey leinz in washington.mid the fallout in the wake of the assassination attempt, let's start with congress, the reaction particularly after they have rallied to clean up the prior follow-up from the prior assassination attempt. what now? kailey: there have been bipartisan outcries against this type of political violence after second attempt on donald trump's life. the shooter in the other case was killed by the shooter where as the would be shooter yesterday have been apprehended by police. he appeared in federal court today and was charged with federal firearms violations. the investigation will be ongoing. congress will have a role to play. there has been a bipartisan task force to look into what happened in july in pennsylvania. they have requested a briefing from the secret service this week. we are seeing proposals like that from rick scott who would like to see greater protection for the former president. even how speaker mike johnson has said the house will push for greater resources for the secret se

kailey: i think it is hard to narrow down one thing.seen across the polling is there is more voter enthusiasm for her candidacy and there was for joe biden who was dogged by many issues but most importantly his age which is something he could not change. we have seen in polling and this was school of the michigan is in a school poll that harris is starting to pull better on the economy. in the michigan survey i was referring to she was trusted more on the economy then donald trump. the way she has been able to make up ground in areas like according to our winning consul whole, trust in housing and helping the middle class, those things could be why she is able to make more ground in the battleground states where the economy is the top issue. sonali:sonali: i was in washington a day ago with you and i had when a to switch gears to the fed because i so patrick mchenry talking to a wall street journal reporter saying everyone thinks we are trying to politicize the federal reserve but the democratic senators lisbeth warren, sheldon whitehou

kailey: that will be interesting.will also speak with someone serving as a surrogate for the harris campaign,

that is kailey leinz in washington, d.c. president biden also expected to make remarks later today at the bloomberg global business forum in new york and we will bring you those remarks this afternoon. coming up. a look at the stock of the hour. smartheat shares rising on days of a bite -- news of a buyout deal. what is driving that price action. this is bloomberg. ♪ is it me... or is work not working? at least, not the way it could work. your people are buried in busy work. and you might be thinking... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric. practically. so, let's get to work. (♪♪) >> this is ""bloomberg markets." , i'm vonnie quinn. time for the stock of the hour, smart sheet. blackstone and vista equity partners have agreed to acquire the software provider for about $8.4 billion. we are joined by ryan gould who is been following the story. yet another software provide

i'm joe mathieu alongside kailey leinz in washington where congress is returning from a six week summer it is all eyes on cupertino right now. kailey: probably the west coast a little more interesting than the east coast then here in the nation's capital today although it is more crowded in d.c. now congress has made its return. it has been a lonely summer in washington. they have been gone for a long time. joe: started taking things for granted like parking and no traffic. kailey: of course they have a bit on their to do list now they have finally decided to grace their prese--

kailey: that included the issue of abortion.ng democrat supported, including vice presidential nominee tim walz approving nine-month abortion. abc fact-check saying there is no state in which that is legal. we got a fact check on something be a propagated in certain circles regarding the town of springfield with migrants eating dogs. they did reach out to the city manager, abc did, no credible reports of pets being taken. we also saw a number of other fact-checks as well from abc. it is worth pointing out that there were a number of things that we heard from both, frankly, that we did want to check. we heard once again donald trump making comments around the border that migrants and criminals are being sent in. directly to kamala harris. kamala harris herself said no member of the active-duty members in the -- iraq launched a joint raid targeting the islamic state and we saw three soldiers killed earlier this year joe: donald trump trump said, harris refused to defund the police -- said she has a plan to confiscate everybody's g

. ♪ kailey: welcome to "balance of power on bloomberg tv and radio.nz in washington where we have you covered from d.c. to new york to the middle east. new york mayor adams has plead not guilty to bribery and fraud charges. our political panel will have more including on the new morning consult poll showing kamala harris ahead of trust by three points across battlegrounds. plus, the news in the middle east as it is really hit its hezbollah's headquarters in beirut. we will have more with hagar chemali in an important conversation. and an exquisite u.s. deputy attorney general lis

i'm joe mathieu alongside kailey leinz in washington.welcome to the tuesday edition of balance of power. this comes with a new request for additional funding for the secret service. it's unclear if that will be part of this debate as well. kailey: will it be wrapped into a continuing resolution that will kick the can on the wider funding battle down the road for some time, or will it be addressed separately knowing that speaker of the house mike johnson has expressed some skepticism on whether or not it is actually more funding the agency needs or if it is a personnel and organizational problem in terms of protecting the former. joe:

i'm joe matthews alongside kailey leinz in washington, d.c.l television and radio audiences worldwide. it's great to see you after almost two weeks. you managed to hold down the fort. thank you. counting down to the debate one week from tonight. you and i will be here for a light one, happening against the backdrop of a tenuous moment in israel that has dogged joe biden and progressive democrats for month. kailey: kamala harris addressed this issue on stage in chicago at the dnc last month. of course, this is putting a fresh spotlight on the ongoing effort towards a cease-fire more specifically a hostage deal after six hostages being held by hamas were

par joe mathieu alongside kailey leinz in washington. welcome back. we missed you.if this matter is settled yet but we have another policy proposal from donald trump. no taxes on overtime. kailey: it seems are a lot of things the former president would like to not tax if he takes the oval office again. we add this to no tax on tips, on social security, but this clearly is an appeal to blue-collar workers. those who work overtime or some of the hardest workers in the country. for too long no one in washington has been looking out for them. joe: he's back to las vegas with the no taxes on tips was first floated. there are a few overtime workers there that he will be talking with. this happens as the candidates get back on the trail following this wii's debate and a question about whether there will be ot

kailey: donald trump would not answer definitively if you want ukraine to win the war. joe: that might be one of the biggest pieces of news to come out. kailey: we want to go back to the spin room floor in philadelphia where we find bloomberg's david with the democratic governor of north carolina, roy cooper. david? david: governor, thank you. i heard you talking about the need for vice president harris on economic issues. beside at the beginning of the debate in the end, your reaction to what you saw in the engagement at the top of the economy specifically. gov. cooper: she was very strong. she looks presidential tonight. i think she showed to the american people how she will be a president for all americans, and that it's time to turn the page on donald trump. she put him on the defensive on pretty much every issue. she has a detailed plan on the economy, he doesn't. she believes in protecting women's reproductive freedom, he couldn't even answer the question about what he would do about a national abortion ban and started babbling about student loans twice. on immigr

kailey: it is ee of the vice presidential debate.come to "balance of power" on bloomberg tv and radio. i am kailey leinz in washington with joe mathieu in new york. tomorrow of course where we will see tim walz and j.d. vance. ordinarily that would dominate the news cycle. but as they get ready to debate we are dealing with a natural disaster in the united states, which of course is dominating conversation. it potential strike of dockworkers that could have impacts on the u.s. economy, with just five weeks to go until the election. and of course more escalation in the middle east between israel and hezbollah. joe: it is great to see you and i will be looking forward to you joining me in the york for the debate tomorrow. but you are right, it feels almost like this campaign is entering a new phase with what is basically our final month. we have 36 days to

i'm joe mathieu alongside kailey leinz in washington.sday edition of "balance of power." it comes after israel is believed to have detonated thousands of pagers and walkie-talkies along to members of hezbollah the last two days in lebanon, and now this. kailey: killed nearly 40 people, injured thousands more. hezbollah has called this an act of war. israel has not claimed responsibility for either of these attacks but they have launched airstrikes in lebanon. hezbollah

kailey: that is an excellent point. there is this fin diagram of donald trump and kamala harris's policies and where they overlap. we have seen them adopt this policy that there should not be taxed on tip income for service workers, restaurant workers, that kind of thing. jd vance and kamala harris have talked about raising the child tax credit to higher than it is now. those are some areas where there does seem to be support from both tickets, which would make the assumption that no matter who seeks the oval office, policies in that regard could be put forward no matter what. arguably the same could be said for some protectionists when it comes to tariffs and this administration that kamala harris has been part of has kept intact the donald trump era tariffs on china. arguably they will not be as high as what donald is proposing. kamala harris has not suggested that. but you could see some overlap in these policies. jonathan: what is the buzz like around the federal reserve in congress? we have seen democratic senators

kailey: welcome to "balance of power," i'm kailey leinz in washington with an eye on new york city todayams becomes the first sitting new york city mayor to be indicted on federal bribery and chart -- fraud charges. we will have the latest details this hour. plus i will be joined by a trump campaign surrogate, republican congressman byron donalds will be with me. plus another special guest, u.s. treasury undersecretary for inte

kailey: still pushing for it as they have been four months but the negotiations between israel and hamas by the state of relations between israel and hezbollah. we have seen, according to the lebanese health ministry, an israeli strike today killed eight people. israeli defense

kailey: kamala harris, it may not be looking as strong now as we consider the softer payroll print butions of jobs. joe: questions about what the fed will do.

kailey: i think we have to be ready. unfortunately the holidays will bring a spending five.esolution will only going to december 20, assuming it passes both chambers of congress. the rules committee in the house includes hard-l

kailey: certainly questions about that. the question is what we will get in response.wers from these candidates who are meeting tonight for the first time. they never actually have met in person as they prepare to make history on the debate stage in philadelphia this evening. what we have learned over what has been an incredible presidential campaign unlike what we have learned --

i am kailey leinz in washington.n a continuing resolution to keep the government funded into september. we will have more live from capitol hill with governor brad schneider who will weigh in on escalating tensions in the middle east. we will have an eye on the harris campaign as she is said to give an economic speech in pittsburgh, pennsylvania. we will speak with aisha moodie-mills. a lot. is ahead is our. we begin with a check on the markets with charlie pellett. charlie: right now looking at

let's go to washington for more with kailey leinz in d.c. what did you make of the comments?he was obviously addressing his desire to visit these affected areas. we heard the president say he doesn't wish to do so until he knows that as it will not be disrupted. he is committed to traveling to those areas, expected to visit later this week. in the meantime, the president saying he has spoken to governors of some of the states affected including governor brian kemp in georgia, roy cooper of north carolina, noted he has made disaster declarations in three states, emergency declarations in seven states. interesting to hear joe biden talk about the need for supplemental funding. as we look at a death toll north of 100, also potentially tens of billions of dollars in damages that may need to be addressed. the president said he expects they will need to make a supplemental funding request to congress, noting congress is currently on recess until mid november after the election. the president asked whether he would need to call congress back for a special session to address that sup

>> scott and kailey. >> and a 51st anniversary right here. >> wow. >> rob. >> jocelyn. >> all right,siris a first for him. and we will find out how he and his wife are adjusting to being empty nesters. both kids out of the house. >> oh, wow. >>> plus, jill martin is here to with new deals and steals to help you get and stay organized this fall. >>> also ahead, we have an oscar winner here. lieu pea toe nyong'o, she will talk about the challenges of voicing a robot. plus another project where she's sharing a different side of herself. we're so excited to spend time with her. >>> later on in the third hour, we have two sports legends live studio 1a, sue bird and megan rapinoe will tell what you say to expect from their new podcast and we'll get their takes on some recent big events in women's sports. >> they're over in paris with us. >> oh, yeah. >> watching as fans. >> how about one more check of the weather, mr. roker? >> all right. the weekend, see what's going on. start off with friday, beautiful day in the northeast. but a flood risk in the ohio and mississippi river valleys. sunny s

you can find joe with kailey leinz every day at 1 p.m. and 5 p.m. on "balance of power."isa: we are always following the down ballot races, trump has campaigned with that lieutenant governor who is clear -- currently being accused of those salacious comments. how much do they continue this defiance, or if there is some kind of distancing and how it works, everyone has issues but it can come to the for more than others. jonathan: very diplomatic there. lisa: what am i supposed to say? [laughter] jonathan: i don't think either of us want to talk about this in detail. [laughter] a big move in the dollar yen, moving stronger on the currency bear. catching up with mark mccormick as the boj says there is no rush to hike the conversation. this is bloomberg. ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. jonathan: the equity market just a bit softer on the s&p, down .20%. mastec 100, big day of gai

kailey leinz brought up a good point this venn diagram of how in the middle there's a ton of cuts or. you think even if there is gridlock in washington given the fact that both campaigning in a number of these things some of them can get over the finish line. >> i think there's a growing possibility the next year even if trump is elected republicans might prefer to see democratic support for a tax bill to go along with reconciliation. but the deal is the republican majority would be so small in the senate and also in the house and you think about the conflicts we already brought up. $1 trillion to the child tax credit no longer having a $1.2 trillion revenue for the salt cap and all these other tax expenditure problems -- promises. the republic in appetite for one-time hidden deficit height, $8 trillion is always the more than two. so where you can find the revenue to offset these costs. you can have the tax cuts that last going into three or five years which is given the bond market to react to this time. or alternatively you get 60 votes, you pull in nine or 10 democrats to support