The chapter explores the impact of Joe Biden's performance, age, and potential to serve until 2029 on the Democratic campaign, as well as scenarios where he might step aside for other candidates like Kamala Harris or Gavin Newsom. It also discusses concerns of US allies about the possibility of Donald Trump returning to the White House, and touches on the recent British election results and implications for the country's policies and economy.
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Bloomberg News International Economics & Policy Correspondent Michael McKee and Jane Oates, Senior Policy Advisor at WorkingNation, discuss the June jobs report and how it could impact Fed policy. Bloomberg Intelligence Chief US Interest Rate Strategist Ira Jersey and Bloomberg News Rates Reporter Michael Mackenzie talk about treasury yields sinking as the June jobs numbers bolster bests that the Fed will cut rates. Tina Fordham, Founder & Geopolitical Strategist at Fordham Global Foresight, shares her thoughts on both US and UK politics.
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