Here's your summary from A Disastrous debate and PCE at the lowest this year #bloombergbrief #shorts #politics #debate (https://www.youtube.com/watch?v=3Y_z8P2tUv0) on the Bloomberg Television channel:
### TLDR:
The debate between Biden and Trump was disastrous, prompting calls for the Democratic party to consider a new candidate. PCE is at its lowest this year, reinforcing concerns about a recession. Nike's stock tumbles, losing ground to Adidas.
### Key Points:
1. The debate between Biden and Trump was deemed disastrous, with Trump making untrue statements and Biden pausing frequently.
2. PCE is at its lowest this year, raising concerns about a potential recession.
3. Nike's stock has dropped significantly, allowing Adidas to gain ground in the market.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro