Latest / Bloomberg Intelligence / Bloomberg's Niquette on Trump's VP Pick, RNC Preview (Audio)

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Bloomberg's Niquette on Trump's VP Pick, RNC Preview (Audio) · Bloomberg Intelligence

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  Speaker 1: Global business news twenty four hours a day at Bloomberg
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  Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
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  Speaker 1: I'm Charlie Pellett. More details now about fast moving developments
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  Speaker 1: out of Turkey. Turkey's Prime minister now says a group
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  Speaker 1: within Turkey's military has engaged in what appeared to be
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  Speaker 1: an attempted coup. The prime minister telling NTV television quote,
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  Speaker 1: it is correct that there was an attempt. He did
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  Speaker 1: not provide details, but said quote, Turkey would never allow
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  Speaker 1: any initiative that would interrupt democracy. Earlier, military jets were
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  Speaker 1: heard flying over the capital of Ankara. Media reports said
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  Speaker 1: ambulances were seen in front of Turkey's military headquarters. So
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  Speaker 1: certainly a fluid situation. Stay with Bloomberg for the latest developments.
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  Speaker 1: A mixed picture this Friday for stocks. Yes, it was
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  Speaker 1: an up week for the SMP five hundred and next
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  Speaker 1: today lower little change down two points at set to
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  Speaker 1: drop there of point one percent down. Industrial is up
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  Speaker 1: ten to eighteen thousand, five hundred sixteen, an advance there
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  Speaker 1: of less than point one percent. NAZ backed down by
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  Speaker 1: point one percent. Gold down fifty cents thirteen thirty one.
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  Speaker 1: The ounce of dropped there of less than point one percent.
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  Speaker 1: Crude oil up six tens of one percent forty barrel.
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  Speaker 1: I'm Charlie Pellett. That's a Bloomberg Business flash. You're listening
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  Speaker 1: to taking stock with Pim Box and Kathleen Hayes on
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  Speaker 1: Bloomberg Radio. Governor Mike Pence of Indiana Well. Donald Trump
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  Speaker 1: acknowledged via Twitter today that Indiana Governor Mike Pence will
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  Speaker 1: be his running mate for more. I want to bring
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  Speaker 1: in Mark Niquette. He is national government reporter for Bloomberg
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  Speaker 1: News and he joins us from Columbus, Ohio. Mark, thanks
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  Speaker 1: very much for spending time with us, tell us a
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  Speaker 1: little bit about Governor Pence and give us a preview
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  Speaker 1: of the Republican National Convention. Sure Pence has been governor
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  Speaker 1: in Indiana since two thousand thirteen. He's in his first term.
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  Speaker 1: He actually was up for re election this year and
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  Speaker 1: had to back out of his re election campaign to
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  Speaker 1: accept the running mate spot with Mr. Trump. Um He's
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  Speaker 1: served in Congress for twelve years before that. He's a
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  Speaker 1: former radio talk show host and very popular with the
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  Speaker 1: conservatives and evangelicals. Um, it's been sort of his his history,
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  Speaker 1: and I think one of the reasons that Trump decided
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  Speaker 1: to name him to the ticket because he does have
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  Speaker 1: an appeal to that part of the Republican base that
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  Speaker 1: uh Trump could use, or at least has not as strong.
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  Speaker 1: And uh it's something we're gonna be watching too for
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  Speaker 1: the convention in terms of how effective adding Trump to
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  Speaker 1: the ticket will be helping to unify the party that
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  Speaker 1: hasn't been all together behind Trump. We saw efforts in
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  Speaker 1: the committees that were held this week in advance of
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  Speaker 1: the convention, the Platform Committee and the Rules Committee, UM,
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  Speaker 1: where there were efforts to try and stop Trump from
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  Speaker 1: getting the nomination. Those mostly fizzled, and it looks like
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  Speaker 1: Trump's going to be um okay in terms of getting
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  Speaker 1: the nomination when the convention actually starts on Monday. But
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  Speaker 1: adding Trump adding Pence to the ticket, I think it
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  Speaker 1: is partly an attempt to bring the party more together
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  Speaker 1: coming out of the convention headed into the general election.
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  Speaker 1: Is the selection of Mike Pence also a nod to
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  Speaker 1: the reality of raising money because doesn't Mike Pence have
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  Speaker 1: ties to the Koch brothers and other influential donors he does.
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  Speaker 1: In fact, his largest contributor when he was in congress
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  Speaker 1: first congressional campaigns was the Club for Growth UM and
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  Speaker 1: this is a group that hasn't been on the same
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  Speaker 1: page with Trump. And in speaking to some delegates here
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  Speaker 1: in Cleveland, Uh, before the convention, that's one of the
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  Speaker 1: things you'll hear that, you know, they hope Pence is
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  Speaker 1: available to the ability to raise money could actually help
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  Speaker 1: Trump also get some of these donors who've been on
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  Speaker 1: the sidelines to contribute to the camp Pain. Yeah, I
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  Speaker 1: know he's probably calling you right right now, Mark, Uh,
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  Speaker 1: tell us about the speakers. What's planned. Because Pence had
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  Speaker 1: endorsed Senator Ted Cruise over Trump before that the indianame
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  Speaker 1: primary that that Trump went on to to win. What
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  Speaker 1: is going to be Pence's role in trying to unify
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  Speaker 1: the party. Well, again, he'll be very much reaching out
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  Speaker 1: to the conservative wing of the party, evangelical voters, Uh,
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  Speaker 1: folks who care a lot about social issues. These are folks,
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  Speaker 1: they're they're not opposed to Trump, but they're somewhat wary
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  Speaker 1: of of how committed Donald Trump is on issues like
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  Speaker 1: abortion or some of the social causes. They're they're concerned
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  Speaker 1: about and and Trump will have Pence excuse me, we'll
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  Speaker 1: have a speaking role at the convention. UH, typically it's
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  Speaker 1: on the Wednesday night before the Thursday when Trump will
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  Speaker 1: actually formally accept the nomination. But you're right, we've also
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  Speaker 1: seen that, UM, a lot of prominent rep Pulicans have
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  Speaker 1: declined to accept speaking roles or even attend the convention altogether.
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  Speaker 1: The two former president Bushes have have decided not to
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  Speaker 1: come here. UM. Ohio Governor John Kasik necessari of convention
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  Speaker 1: in his home state. UM. He has not endorsed Donald
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  Speaker 1: Trump and has decided that he's not going to speak
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  Speaker 1: at the convention either. In fact, he said he might
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  Speaker 1: not even go in inside. So part of the speaking
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  Speaker 1: line up would be a little different than what we've
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  Speaker 1: seen in past conventions with sort of the predictable lineup
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  Speaker 1: of Republican notables. But he'll still have plenty of UM
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  Speaker 1: prominent Republicans speaking. Paul Ryan, how speaker is going to talk,
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  Speaker 1: Scott Ron Scott Walker, the Wisconsin governor who also ran
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  Speaker 1: for president, will we'll be speaking one night. And Ted
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  Speaker 1: Cruz has also said he's going to speak. Also scheduled
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  Speaker 1: to speak I believe is Peter Thiel, the billionaire Silicon
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  Speaker 1: Valley entrepreneur. Yeah, and we'll be interested to see how
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  Speaker 1: what he says. And the other thing we're kind of
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  Speaker 1: watching for and this this convention is Donald Trump sort
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  Speaker 1: of promised a show or at least to have more
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  Speaker 1: entertainment feel to the convention. Um. You know, obviously Donald
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  Speaker 1: Trump has the background with the Apprentice and reality TV,
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  Speaker 1: and I think, you know, the expectation is you'll put
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  Speaker 1: his own touch on you know what can be sort
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  Speaker 1: of a you know, certainly traditional but state kind of
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  Speaker 1: uh experience and and and maybe they'll jazz it up
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  Speaker 1: a bit, uh to have a little more entertainment value.
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  Speaker 1: And they're going to be several nights obviously, and the
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  Speaker 1: second night apparently is the supposed to emphasize the economy, right,
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  Speaker 1: and and that's common there's there's usually a theme to
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  Speaker 1: each night of the convention, and all the speakers who
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  Speaker 1: get up sort of reinforced the theme that the party
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  Speaker 1: is trying to um emphasize. And you know, of course
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  Speaker 1: you will hear a lot of uh talk about Hillary
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  Speaker 1: Clinton and and how batchy is for the economy. And
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  Speaker 1: that night and you know how much better Trump would
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  Speaker 1: be for for the country. Um, you know, sort of
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  Speaker 1: the role of the convention to it's sort of the
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  Speaker 1: you know, launching point for the candidate heading into the
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  Speaker 1: general election. Thank you very much for spending time with us.
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  Speaker 1: Mark Niquette is a national government reporter for Bloomberg News,
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  Speaker 1: joining us from Columbus, Ohio. Of course, Cleveland is the
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  Speaker 1: site of the Republican National Convention. Just to bring you
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  Speaker 1: up to date on developments and Turkey. Elements of the
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  Speaker 1: of Turkey's army have attempted to seize power in the country.
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  Speaker 1: This according to the Prime Minister Binali il dirum Uh,
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  Speaker 1: the effort won't be permitted to succeed, he told NTV television,
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  Speaker 1: and his comments came as local media reported gunfire and
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  Speaker 1: Ankara and warplanes circling over the Turkish capital. This is
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  Speaker 1: taking stock. I'm pim Fox and this is Bloomberg coming
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