 The following is a prerecorded program. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Tuesday, July 16th. Coming up today. Donald Trump greeted by applause as he appears at the Republican Convention. He pitched J.D. Vance as his running mate. Reaction straight ahead. President Biden defends his rhetoric against the former president in an NBC News interview. And bank earnings continue with Morgan Stanley and Bank of America reporting.