 The following is a prerecorded program. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Friday, July 12th. Coming up today, Joe Biden vows to stay in the presidential race. I think I'm the most qualified person to run for president. I beat him once, and I will beat him again. However, he makes two critical mistakes that threaten his campaign. A live analysis straight ahead. Earnings season kicks off with big banks reporting. And investors await another key reading on inflation.