let's go to david gura who is on the ground at the debate venue in philadelphia. is not the first -- it is not just the first debate between harris and trump. it is also the fact the two have never met and spoken to each other before. is that right? david: that is correct. there's a lot of drama inherent. how are these two candidates going to interact with one another, talk to one another, what is that moment going to be like from the get-go? we will see where we go from there. i'm so that it to what jennifer lee was telling you. that wish that we are going to get a lot of policy specifics. talk about taxes, tariffs. all manner of economic issues we have heard these candidates talking about in recent weeks. color me skeptical we are going to get detail. the economy is going to be something that is talked about in broader macro way during the course of the debate which is supposed to last 90 minutes. it is going to be similar in format to what we saw in atlanta in june. the composition of the debate stage has changed since then. her former president trump against f

let's get out now to bloomberg's david gura, who is out in new york and has been following not just the legal action, but the response of the mayor. david? david: i was struck by the tone from the mayor, mirroring what we heard from him last night when he released a short video from gracie mansion, where he lives in new york city, decrying those charges, but also vowing to fight them, and really emphasizing the fact that he thinks he is going to be able to fight these charges as he continues as mayor of this city. there are a lot of skeptics, as he acknowledged in that statement. we heard from the mayor this morning. they think he should not be able to do that. he is adamant that he has been fighting the specter of these allegations for many months and should be able to do that going forward. ed: mayor adams has resumed speaking. let's go back to it. >> good morning. my name is hazel dukes. i live in harlem. ed: an issue of timing for which i apologize. you were saying? please continue. david: what we will have to focus on in the hours to come is what the response is from the democratic

david gura of bloomberg. david calling it a missed opportunity. a question about whether he will get another opportunity. futures down one quarter -- 0.15%. cameron dawson with this to say, "we expect volatility to continue as normal seasonal headwinds in an election year are amplified by house arrest positioning." good morning. cameron: we have to be careful about ascribing too much narrative and short-term price action to what is going on politics. markets are volatile during this lead up into election always. regardless of harris or trump winning. as we move through this tougher stretch, we have to appreciate the fact that valuation positioning, sentiment, expectations for growth are all extraordinarily stretched in july and august so it sets us up for volatility. lisa: there was a narrative of the trump trade earlier in the summer and it was part of why we saw such a boom in certain sectors of the market that people perceived as having a greater advantage. is there such a thing as a harris trade? is there analysis to be done to have a scenario

joining us now correspondent for bloomberg news, david gura.e big tick. let's talk about these polls and a show of strength for vice president harris. yes, the margins are relatively small but consistent, and it shows how this race has changed in recent weeks. >> we've seen that in the track of the two candidates and what they're prioritizing. i think what stands out in particular in the latest survey is how voters are feeling about the economy. you look at month to month last month donald trump had a 6-point edge when it came to who's best positioned to handle the economy going forward. kamala harris has made inroads there and it's just 4 points. we had the federal reserve cutting interest rates for the first time that has engenered optimism in those voters surveyed. >> certainly trump's perceived advantages economic issues and then immigration. we know harris is heading to arizona today to deal with that one head on. and it's just one state that jumped out at me is nevada, up 7. because that most polls show a dead heat, some even had trump up

jonathan: david gura just around the corner. live from new york city, good morning. ♪ think scaling your ai pilots is hard? think again. with watsonx, you can deploy ai across any environment. above the clouds and on lots of clouds. with your secured data on prem, in real time on center court and assisting bank tellers on the edge. watsonx helps you deploy ai wherever you need it. so you can take your business wherever it needs to go. ibm. let's create. ♪♪ sandals jamaica sale is now on, visit sandals.com or call 1-800-sandals jonathan: equities just a little bit firmer, up .1%. kicking off this monday morning of all-time highs in the s&p 500. mike wilson writing the jobs data will be the driver of stocks into your end. the drop in the unemployment rate is likely the most risk on signal for equities in q4. jobs two fridays away. lisa: this will make the difference between why the fed is cutting rates aggressively. if it is good -- if the data is good you get the euphoria with a soft landing finally realized? jonathan: and the bo

david gura, good morning to you, sir. how expensive are these rallies getting for donald trump? vid: it is a thing to behold and a lot of magic is happening at them. it is fascinating to watch somebody who did away with that deduction just a few years ago talking about this, but we know from independent analysis that if it were to be restored we are talking about $1 trillion worth of costs. he is good at tailoring to these audiences. he was on longline the last night, but he is not going to be meeting with how you are going to pay for it. annmarie: do we expect kamala harris to talk more about salt? it is something democratic senators from these high-tax states talk about, but will harris start talking about salt? norman: i don't know. i'm waiting to see how she responds to this, but of course it is important. what struck me last night was listening to donald trump talk about how he thinks new york is winnable, and i will buy everyone here a drink if the republicans take new york. what we saw last night was a not so shameless attempt to bolster the candace he of candidates in con

david gura, allegedly, some of these allegations are shocking. s is a 15 plus page indictment, and as the case in new york, it paints a good picture. as you say, this went on for more than a decade. the brooklyn borough president develop this relationship in tricking the private and public sectors, and as a result of that, had a lot of upgrades and a lot of hotel room stays, and in doing so, the turkish government could lean on him to do things they wanted to do here in new york. lisa: the lack of support this mayor has right now, we know that governor hochul has come out and said i'm going to look at my options. i hope he chooses an appropriate path. it sounds a little bit like nancy pelosi in the interview about joe biden when talking about if you should consider leaving the presidency. much as they were growing a mentor for him to step down, and if he doesn't, what's going to happen given the groundswell of everything against him? david: the statement you are talking about is extraordinary. nothing has been proven, but there is this focus on so