Here's your summary from Bloomberg Brief (07/16/2024) (https://www.youtube.com/watch?v=P293dIFmmU0) on the Bloomberg Television channel:
### TLDR:
Trump picks J.D. Vance as his running mate, Bank of America and Morgan Stanley wrap up big bank earnings, and market dominated by Trump trade with small caps outperforming.

### Key Points:
1. Trump selects J.D. Vance as his running mate, focusing on China as a top priority in foreign policy.
2. Bank of America and Morgan Stanley report earnings, with a focus on loan loss provisions and fee-generating assets.
3. Market dominated by Trump trade, with small caps outperforming big caps for the first time since November 2022.
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