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Speaker 1: Line from our nation's capital with about the government. What

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Speaker 1: are the political reality The President has been increasingly frustrated.

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Speaker 1: I want to try to cut through the noise politically.

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Speaker 1: This is devastating. Sound On with Kevin Cirella, the insiders,

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Speaker 1: the influencers, the insiders. It is no secret that I

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Speaker 1: care a lot about the consumers. There are real questions

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Speaker 1: about big tech. We still have more leverage to use

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Speaker 1: with the tariffs. I think we can do with a

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Speaker 1: little less drama from the White House. This is Sound

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Speaker 1: On with Kevin's really on Bloomberg one and seven m

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Speaker 1: h D two, Baltimore. It was a long month this week,

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Speaker 1: but we made it to Friday. I'm Kevin Cirelli, Chief

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Speaker 1: Washington correspondent from Boomberg Television and Bloomberg Radio. Democrats raising

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Speaker 1: impeaching Trump following Mueller's evidence. All of this just breaking today. Meanwhile,

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Speaker 1: g d P numbers the economy grew in the second

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Speaker 1: quarter at two point one percent. Not bad, quote unquote,

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Speaker 1: President Trump tweeting out, what does it mean in terms

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Speaker 1: of the economic mood of the country? Will it ease

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Speaker 1: recession fears up on the street. Plus, I'm gonna bring

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Speaker 1: you two different conversations with two very different people. Tom Perez,

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Speaker 1: the chairman of the Democratic Party, was on Bloomberg Television

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Speaker 1: earlier today. And Lara Trump. She of course is a

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Speaker 1: senior advisor to President Trump's re election campaign. She spoke

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Speaker 1: with me earlier today live from Trump Tower. She's also

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Speaker 1: expecting now her second child with Eric Trump. He of

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Speaker 1: course is the son of the President. So a lot

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Speaker 1: to get through. Politics, policy. Larry Cudlow making news earlier

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Speaker 1: today as well with regards to currency, will dive into

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Speaker 1: all of it with an all star panel. John Solomon

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Speaker 1: making his debut on Bloomberg Radio sound on. He is

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Speaker 1: a journalist as well as executive vice president over at

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Speaker 1: the Hill. And Congressman Jim Banks, a Republican from Indiana.

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Speaker 1: He's gonna stop by in the studio coming up later

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Speaker 1: on in the hour to help us navigate all of

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Speaker 1: this as well. What a week? What a week? I mean,

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Speaker 1: Mueller was only two days ago. Didn't get much out

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Speaker 1: of that, But there's so much happening to go through today.

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Speaker 1: You know, you wake up in the morning, you go

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Speaker 1: do your morning workout, and then you check Twitter. And

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Speaker 1: congress Woman Alexandria Casio Cortez is meeting with Speaker of

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Speaker 1: the House Nancy Pelosi. Meanwhile, then Speaker Pelosi gets behind

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Speaker 1: the podium earlier this afternoon and she's questioned by members

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Speaker 1: of the media just as they're heading out on recess

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Speaker 1: for August recess about impeachment. And that's where we're gonna

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Speaker 1: have to start today, because it's all anybody's buzzing, buzzing

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Speaker 1: about here inside of the Beltway. John Solomon is a

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Speaker 1: journalist and executive vice president over at The Hill. John

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Speaker 1: put this in context for us as we head into

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Speaker 1: August recess about where the Democrats move forward on the

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Speaker 1: issue of impeachment, because I still can't really get a

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Speaker 1: sense of whether or not they're actually going to go

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Speaker 1: through with this. Yeah, listen, I think today was about

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Speaker 1: placating the base. I think the base of the Democratic

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Speaker 1: Party walked away from Wednesday's hearing a little frustrated, and

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Speaker 1: so Jerry Nadler before they leave town try to put

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Speaker 1: things on a positive note, which is we're going to

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Speaker 1: use our impeachment authority at the Judiciary Committee to subpoena

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Speaker 1: the grand jury materials of the of the Mueller investigation.

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Speaker 1: So John, I don't want to interrupt him. But but

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Speaker 1: this this was the news. This is the There's so

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Speaker 1: many different details that fly by this week, but that

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Speaker 1: right there was the lead. And I'm reading from the

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Speaker 1: Bloomberg terminal now quote House Democrats took a significant step

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Speaker 1: toward opening an inquiry into impeaching President Trump, as the

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Speaker 1: Judiciary Committee Chaarer course By Chairman Nadler asked a federal

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Speaker 1: court to force the release of grand jury information from

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Speaker 1: Bob Mueller's investigation. So why is that a step toward impeachment?

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Speaker 1: For folks who are in their car driving home from

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Speaker 1: work and trying to get it, It mayrors very much

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Speaker 1: what happened during Watergate, the beginning investigations of Watergate. If

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Speaker 1: you want to get the evidence that the prosecution team has,

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Speaker 1: you're gonna have to go to court when you're Congress

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Speaker 1: because grand jury information is typically sealed and kept from

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Speaker 1: the public. Even Congress doesn't have a right to it

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Speaker 1: unless they can show that their oversight or impeachment uh

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Speaker 1: proceedings needs So so this begins a long court process.

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Speaker 1: It's not something that's gonna end very quickly. I would

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Speaker 1: expect Trump to take this all the way to the

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Speaker 1: Supreme Court at some point, So they're trying to get

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Speaker 1: the goods. Essentially, Bob Mueller's got this, this the sealed

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Speaker 1: documents twenty two months testifies on Capitol Hill. Essentially in

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Speaker 1: his testimony, he said, read the report, and now they're

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Speaker 1: trying to get the evidence that compiled the report on

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Speaker 1: the issue of obstruction of justice or could they go

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Speaker 1: in a different route. I don't think they're going to

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Speaker 1: touch Russia collusion of Russia conspiracy. I think Mueller put

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Speaker 1: a fork in that on on Wednesday. I think they're

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Speaker 1: going to look at this Don McGann conversation, the Corey Lewandowski,

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Speaker 1: UH conversations where the President seems to be suggesting he's

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Speaker 1: stampering with evidence or trying to to thwart the investigation. Uh,

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Speaker 1: it'll be very interesting to see what the Justice Department's

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Speaker 1: first response is. And now that the suit goes to

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Speaker 1: a judge, the Justice Department will lay out its argument

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Speaker 1: and that will begin a long legal process. Here we go, Yeah,

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Speaker 1: bucket your seatbelt, but don't expect to be speeding anytime soon. Yeah.

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Speaker 1: So I guess then, in terms of for for where

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Speaker 1: this story heads, it's it's now a court story, at

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Speaker 1: least for the time being, less so about about clogging

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Speaker 1: the halls of Rayburn as we did earlier this week.

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Speaker 1: All right, coming up, we're gonna hear from Chairman of

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Speaker 1: the Democratic Party, Tom Perez. I asked him a little

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Speaker 1: bit about impeachment. Uh, we can. We can hear about that, um.

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Speaker 1: But we also talked about the economy, because there was

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Speaker 1: some eco numbers today, John, Uh, two point one GDP

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Speaker 1: growth in the SEC in quarter slowed down a little bit,

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Speaker 1: slowed down a little bit. But honestly, I mean, folks

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Speaker 1: were bracing for the worst. They're not as optimistic on

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Speaker 1: the street. Yeah, the chatter on on Wall Street being

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Speaker 1: all right, maybe this recession fears are are maybe a

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Speaker 1: little bit premature. Yeah, I think that's true. I think

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Speaker 1: that was even though there was a decline in the

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Speaker 1: GDP growth, it was much better than expect it. And

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Speaker 1: I think those fears have allayed a little bit. If

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Speaker 1: you look back a few months ago, President Trump was

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Speaker 1: starting to pick on his Federal Reserve chairman a little bit,

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Speaker 1: suggesting maybe we needed some interest rate cuts or something.

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Speaker 1: Tough times for j Yeah, not a comfortable job to

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Speaker 1: be in right now. But I think these numbers take

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Speaker 1: I'm sorry, I think we uh. I think we're hearing

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Speaker 1: right there from a SAT that I want to get to.

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Speaker 1: But hold on, hold off on that and in the

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Speaker 1: control room because this this was coupled with some comments

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Speaker 1: that Larry Cudlow made earlier today, of course, being the

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Speaker 1: chairman of the Council of Economic Advisors, and he said

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Speaker 1: this on CNBC, which was they were going to hold

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Speaker 1: off with regards two UH ruled or rather ruled out

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Speaker 1: currency intervention with regards to some other countries. And this

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Speaker 1: let's let's listen to Larry Cudlow first and then will

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Speaker 1: unpack it. Here's Larry Cudlo on CNBC. What the President

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Speaker 1: is concerned about is if foreign countries maybe manipulating their

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Speaker 1: own currencies lower to try to gain some short term,

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Speaker 1: temporary trade event that we do not like. So the

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Speaker 1: so Larry Cudlow saying that the President has essentially ruled

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Speaker 1: out intervening in the currency markets after meeting with cabinet

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Speaker 1: officials and economic advisors. Two important things about this one

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Speaker 1: China Obviously you've got Secretary Minution and Bob Tis the

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Speaker 1: trade representative, going to Beijing next week. This is a

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Speaker 1: huge signal for the Chinese and to also to the markets.

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Speaker 1: I think they were trying to signal this, which would

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Speaker 1: have made the markets a little uneasy on the GDP day,

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Speaker 1: know yep. And I also think that the second part

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Speaker 1: grand deal with China, right There's gonna be an incremental process.

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Speaker 1: And I think that lowers expectations going into those meetings

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Speaker 1: next week in Beijing, that that the Trump folks don't

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Speaker 1: expect to come away with something big, but maybe something incremental.

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Speaker 1: But I think at the end of the day, uh,

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Speaker 1: the economy is still generally strong, which helps the president

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Speaker 1: as he heads into reelection. But these these negotiations and

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Speaker 1: the trade fears and the business communities unease linger as

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Speaker 1: a cloud not too far off from the distant horizon.

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Speaker 1: So you mentioned this headline and again the headlines crossing

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Speaker 1: the Bloomberg terminal within the last hour, the President Trumps

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Speaker 1: saying that China might wait until after the presidential election

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Speaker 1: to sign any type of trade agreement because Beijing would

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Speaker 1: prefer to reach a deal with the Democrat. That's according

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Speaker 1: to President Trump. He said, quote, I think that China

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Speaker 1: will probably say, let's wait when I win, Like almost immediately,

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Speaker 1: they're all going to sign deals again. He's saying this

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Speaker 1: just a couple of days before UH Secretary Manution of

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Speaker 1: Treasury and Bob Lightheiser of the US Trade Agency are

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Speaker 1: set to go over there. This is Sound On with

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Speaker 1: Kevin Sirel on Bloomberg and one oh five point seven

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Speaker 1: f m h D two, Baltimore. Kevin Cirelli, chief Washington

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Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. We made It's

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Speaker 1: a Friday, and it was a really long week this week.

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Speaker 1: And Congressman Jim Banks, a Republican in Indiana, has just

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Speaker 1: walked into the studio. He's gonna get into his car.

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Speaker 1: Your what kind of car. It's a Chevy Impella driving

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Speaker 1: his Chevy nine hours back to Indiana tonight. I can't

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Speaker 1: wait tomorrow morning. I was like, don't drive in the

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Speaker 1: middle of to to night. That's a little like rough. I

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Speaker 1: gotta pack my bags still tonight, the August Recess has begun.

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Speaker 1: That today is the first day of the August recess,

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Speaker 1: which is a little bit longer than August. We'll come

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Speaker 1: back into session the week after Labor Day. So Congress

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Speaker 1: gets to take a break, and I say, it's a

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Speaker 1: good time to take a break. You know, and you're

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Speaker 1: and you're what what will you listen to? Besides sound

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Speaker 1: on on Bloomberg Radio? What will you listen to? You?

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Speaker 1: And I've talked about this before. I'm a I'm a

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Speaker 1: Counting Crows fan of I'll probably listen to Counting Crows

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Speaker 1: for half of the trip. Maybe a little YouTube thrown

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Speaker 1: in there along the way forgettable fire. Um. I've also

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Speaker 1: only later in my I just turned forty last week, Kevin,

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Speaker 1: And only later in my life have I become a

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Speaker 1: fan of the Boss Bruce Springsteen, a little love Springsteen.

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Speaker 1: And there John Solomon's here, he's executive vice press. He's

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Speaker 1: I'm getting your title wrong, John, executive vice president at

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Speaker 1: the Hill, I got it right. And and a senior journalist, Uh, John,

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Speaker 1: you're here? Are you a Bruce fan? You know? In

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Speaker 1: seven I saw him in Jersey Shore. So yeah, I

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Speaker 1: So I go through like phases with I love Bruce Bringsteen.

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Speaker 1: But then I'll go like real deep down the Bruce.

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Speaker 1: And there is the last thing. I'll get back onto

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Speaker 1: politics in the second I promised Christine Barada EP who's

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Speaker 1: like grimacing in the control room. Probably jungle Land is

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Speaker 1: like my go to song this month, obsessed with it.

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Speaker 1: I don't know why the piano, uh, Congressman Banks debt

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Speaker 1: ceiling two year extension look big, big deal, but you've

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Speaker 1: voted against it. Why, well, it is a big deal,

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Speaker 1: and I mean there there are components of this deal

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Speaker 1: that are good. I mean the president um got this

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Speaker 1: out of the way. That that's the good part for

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Speaker 1: the president. We we'll get through the next election. We

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Speaker 1: want have to worry about debt ceilings or budget deals.

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Speaker 1: All of that is, all of that is determined as

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Speaker 1: far as as I'm concerned. Though, I could not vote

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Speaker 1: for a deal that that busted the budget caps by

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Speaker 1: another four billion dollars, that that would grow our national

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Speaker 1: debt by another two trillion dollars over the next um

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Speaker 1: ten years. I just couldn't go along with it. I've

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Speaker 1: got three daughters, one who who will be ten here

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Speaker 1: in a few weeks, um eight and six years old.

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Speaker 1: And when I look at this the national debt picture

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Speaker 1: at twenty two trillion dollars and growing, and also also

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Speaker 1: putting into perspective that right now, in in this calendar year,

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Speaker 1: will spend about about four hundred billion dollars in interest

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Speaker 1: on the national debt, and and to put that in

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Speaker 1: a perspective that ten years from now will spend more

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Speaker 1: in interest on the national death and will spend on

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Speaker 1: our entire military. Um that that's not that's not a

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Speaker 1: budget picture, a budget deal that I can support it.

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Speaker 1: You know, I remember when new Gingridge took over the

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Speaker 1: House and what an important part the deficit and debt

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Speaker 1: management and budget manage was to the conservative identity. And

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Speaker 1: we've come a long way from that period. That's a

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Speaker 1: you know, Congressman, to John's point right there, what do

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Speaker 1: you say to folks who say, where are the who

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Speaker 1: cares about the national debt anymore? I mean, because I

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Speaker 1: even just within the in the last four years, when

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Speaker 1: I was a hill rat covering all of the different

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Speaker 1: you know, running after lawmakers and Tea Party members and

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Speaker 1: Freedom Caucus members who were raising alarm after alarm, and

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Speaker 1: virtually now it seems like you're kind of on an

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Speaker 1: island to your to yourself, sometimes it feels like it. UM.

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Speaker 1: I agree Republicans have lost the moral high ground when

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Speaker 1: it comes to spending. We we had the majority last Congress. Um,

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Speaker 1: we we had the Senate, we we have the White House.

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Speaker 1: Yet UM, this this president UM, so far hasn't done

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Speaker 1: any better than Obama or any any Democrat president controlling

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Speaker 1: spending or the debt. Now, the President told me personally

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Speaker 1: in the White House in the Oval Office the last

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Speaker 1: time I visited with him, UM, several weeks ago, and

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Speaker 1: to talk about this specific issue, that we'll get around

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Speaker 1: to it at the beginning when we get to the

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Speaker 1: second term. We'll focus on on the debt, picture, on

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Speaker 1: on controlling spending. UM. And I appreciate that, Kevin. I've

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Speaker 1: never been more confident that this president is going to

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Speaker 1: have a second term. So really we get into that

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Speaker 1: second term, I think we'll have an opportunity to address

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Speaker 1: these issues. In the meantime, we're stuck with the deal

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Speaker 1: we have because of the nature of divided government. Why

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Speaker 1: do you think he's gonna Why are you sound you

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Speaker 1: sound assured that he's going to get a second term.

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Speaker 1: Congressman Jim Bank's Republican from Indiana. Why yeah, I'm generally

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Speaker 1: not haven't been as optimistic about this in the past,

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Speaker 1: but watching the way this, this uh, this hearing with

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Speaker 1: with Bob Mueller went this week. UM, looking at the

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Speaker 1: strength of this economy, which isn't slowing down anytime soon.

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Speaker 1: What this president is accomplished, and rebuilding the military, and

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Speaker 1: and uh focusing on the issues that matter to the

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Speaker 1: American people. The record is there can contrast that with

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Speaker 1: what's going on in this crazy circus and the and

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Speaker 1: the Democrat Party on their presidential stage and the debates. UM,

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Speaker 1: where I come from, this is getting pretty wacky on

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Speaker 1: the other side, when when every presidential candidate raises their

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Speaker 1: hand in supportive of universal health care for undocumented immigrants,

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Speaker 1: that those are issues that that won't play with the

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Speaker 1: mainstream of of America. We'll get Donald Trump reelected. This

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Speaker 1: is Sound On with Kevin's Relate on Bloomberg one and

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Speaker 1: one oh five point seven of m h D two, Baltimore.

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Speaker 1: I'm Kevin Cereli, chief Washington correspondent for Bloomberg Television and

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Speaker 1: Bloomberg Radio. We're joined by Congressman Jim Banks, a Republican

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Speaker 1: from Indiana. He's been gracious enough to stop by with

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Speaker 1: hang out with the reporter before before the August I

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Speaker 1: guess we're officially in August recess, and before he gets

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Speaker 1: to go on vacation next week with his family going

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Speaker 1: to France. Uh, France with my wife and uh up

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Speaker 1: to Lake Michigan with my kids. And well, listen, not

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Speaker 1: to put a damper on the whole French thing, but

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Speaker 1: President Trump actually threatened to tariff France just earlier. He

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Speaker 1: was also dogging on French wine, French wine before it

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Speaker 1: went before the tariffs. Before President Trump does tariffs on that.

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Speaker 1: That of course, because French President Emmanuel McCrone. How's this

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Speaker 1: for a pivot? This is such a nerdy pivot. French

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Speaker 1: President Imatual McCrone signed in the law a three percent

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Speaker 1: tax on the revenue of technology giants Facebook and Amazon.

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Speaker 1: John Solomon's here, he's a journalist and executive vice president

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Speaker 1: at the Hill. Congressman, you introduced a piece of legislation

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Speaker 1: that is really important. It's something that we talked about,

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Speaker 1: the topic that we talked about frequently on this program

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Speaker 1: with regards to Huawei and Zte, the Chinese UH, Chinese

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Speaker 1: telecommunications and technology giants. I was struck by this bill.

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Speaker 1: Uh you say that this that this will restrict the

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Speaker 1: ability of national security professionals to work for certain foreign

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Speaker 1: government backed organizations for five years. So in Layman's terms,

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Speaker 1: if you had a security clearance at the White House,

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Speaker 1: you're not gonna be able to cash in on that

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Speaker 1: security clearance and go lobby for what way? No, that's

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Speaker 1: exactly right. Every five years a security clearance has to

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Speaker 1: be renewed. So presumably if you came out of a

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Speaker 1: presidential administration or out of an official government position with

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Speaker 1: the security clearance UM, at some point within five years,

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Speaker 1: you would have to renew it. And what I find

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Speaker 1: offensive after working on a number of issues I serve

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Speaker 1: on the Armed Services Committee, learning more about the threat

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Speaker 1: of Huawei other other Chinese government controlled UM companies like

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Speaker 1: Zte are the number of lobbyists here in this town

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Speaker 1: who registered a lobby on behalf of these companies who

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Speaker 1: are which are adversarial to the interest the security national

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Speaker 1: security related interests to the United States of America. So

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Speaker 1: that that's what led to my legislation. There was a

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Speaker 1: senior director of cyber security and the Obama administration. I

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Speaker 1: want to give them credit. The Wall Street Journal broke

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Speaker 1: that Samir Jane, the Obama administration Senior director for Cybersecurity UH,

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Speaker 1: registered as a lobbyist for Huawei. Yeah. Over the last

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Speaker 1: six weeks after the After the Wall Street Journal story,

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Speaker 1: I dug into this with UM a number of officials

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Speaker 1: on Capitol Hill to look for the right way that

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Speaker 1: I could restrict UM government officials like UM, like him

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Speaker 1: from from capitalizing on their security clearance and registering to

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Speaker 1: lobby on behalf of companies like Well, so is this

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Speaker 1: an area where you don't want to say disagree? I

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Speaker 1: mean where you had to take issue with President Trump

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Speaker 1: in the sense that especially as he's been negotiating with

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Speaker 1: China for example, and and lift and he's allowed now

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Speaker 1: for some US businesses to to continue to do business

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Speaker 1: with Huahwei. From the administration's perspective, they would argue, well, look,

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Speaker 1: I mean they're in a tough spot because the Europeans

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Speaker 1: aren't necessarily following the US lead and not doing business

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Speaker 1: with Huawei. And so what do you make of that? Yeah? Sadly,

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Speaker 1: the administration has UM been inconsistent at best in their

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Speaker 1: position towards Whahwei. So Huahwei continues to be a bargaining

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Speaker 1: shipped on the table between the administration and China and

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Speaker 1: the and the negotiations. It shouldn't be if if we

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Speaker 1: determine as we have that Whahwei is a national security threat,

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Speaker 1: it should never be negotiable whether or not we should

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Speaker 1: allow a Whahwei to do business in the United States.

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Speaker 1: I remember, going back about two decades ago, China wanted

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Speaker 1: to gain access to the Long Beach Port in California,

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Speaker 1: strategic asset, former Navy base area and uh where did

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Speaker 1: they turn to former congressmen right away to get their

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Speaker 1: their starting uh leg in the door? And so this

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Speaker 1: is a real issue. I think a few months ago

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Speaker 1: you saw Cipius actually try to block a new container

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Speaker 1: UH port in Long Beach at China Costco, the Chinese

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Speaker 1: owned company wants to buy. So you see the Chinese

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Speaker 1: moving in many different ways to find strategic assets beyond

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Speaker 1: Mhuawei is doing. And the Administration has been on both

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Speaker 1: sides of this issue, depending where the negotiations. Well, I'm

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Speaker 1: with two all stars. If you go into the weeds, Sithius.

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Speaker 1: The Committee on four Investment in the United States. One

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Speaker 1: of the tools that the administration can use in order

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Speaker 1: to make it more difficult for foreign foreign countries like

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Speaker 1: China to do business in the US or to accomplish

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Speaker 1: their bottom line goals. All right, I want to you know,

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Speaker 1: we're talking about China, but even to go more broadly

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Speaker 1: on the issue of trade in particular, it's not just

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Speaker 1: the U. S. And China where we've got this major

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Speaker 1: trade negotiations going on. Bob Lightheiser, the U. S. Trade Representative,

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Speaker 1: Treasury Secretary Stephen Manusan they're headed to Beijing. But Bob

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Speaker 1: Legheiser started the day today on Capitol Hill and he

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Speaker 1: was meeting with a bipartisan group, the Bipartisan Working Group

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Speaker 1: of members in the House of Representatives about getting us

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Speaker 1: m c A passed. And this is the third time

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Speaker 1: I've said this, uh, this anecdote on this program, but

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Speaker 1: I really, I really think it illustrates the chances of

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Speaker 1: potentially getting U S m c A passed in the

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Speaker 1: month of September or October with Speaker Polowe see especially now, Congressman,

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Speaker 1: since the death ceiling two year extension, yeah, two year

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Speaker 1: extension on that getting passed despite you voting against it,

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Speaker 1: um which was Congressman Jimmy Gomez, ultra ultra liberal Democrat

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Speaker 1: from California, member of the U s m c A

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Speaker 1: working group calling for impeachment of the president, and literally

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Speaker 1: in the next breath outside of the Rayburn Mueller hearing room,

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Speaker 1: he goes, yeah, No, I think U s m c

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Speaker 1: A might get passed in September. I want to play

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Speaker 1: for everybody. What Larry Cudlos said on our competitors CNBC

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Speaker 1: is a good interview about what he said. Larry Cudlow,

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Speaker 1: the President's chief economic advisor, said about the potential for

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Speaker 1: a U s m c A vote in September. Take

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Speaker 1: a listen. Our hope is in September, she will give

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Speaker 1: us a green light and we will submit legislation for

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Speaker 1: a vote. She being not AOC. But how Speaker Nancy

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Speaker 1: they met today. By the way, we'll get it. Maybe

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Speaker 1: we'll get into that. Congressman, you said in the break

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Speaker 1: that this would be a game changer for President Trump

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Speaker 1: if U s m c A it's passed. Why, I

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Speaker 1: think it seals the deal for his re election. And

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Speaker 1: that's why Pelosi has done everything that she can this

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Speaker 1: year to prevent a vote on U s m c A.

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Speaker 1: But she's getting pressure from rank and file members in

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Speaker 1: her own conference to put it on the floor allowed

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Speaker 1: for a vote because their districts, just like in my district,

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Speaker 1: have interests that um want this to pass that will

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Speaker 1: benefit whether it's agriculture, whether it's manufacturing based businesses. Um it.

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Speaker 1: This is a popular um A deal that that the

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Speaker 1: administration has negotiated with Canada Mexico. When it passes, And

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Speaker 1: here's the deal, Kevin, I come from. I come from

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Speaker 1: a working class family. My dad was a union man,

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Speaker 1: made Axel's um in a in a factory all of

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Speaker 1: his life in Fort Wayne. When I was a kid,

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Speaker 1: my dad was a ross Pero supporter, and NAFTA was

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Speaker 1: a four letter word. And when Donald Trump gets up

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Speaker 1: at his stage and proclaims victory on U S M

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Speaker 1: c A and says he eliminated, he repealed NAFTA and

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Speaker 1: replaced it with um C M c A, He's gonna

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Speaker 1: walk on water in places like where I come. Is

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Speaker 1: the math there, John Solomon, Executive Vice President of the Hill.

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Speaker 1: For these centrist Democrats, and they wristle at the word centrist.

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Speaker 1: But I guess suburban democrats who flipped red districts in

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Speaker 1: because those are really the Democrats that that want not

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Speaker 1: to also the most vulnerable. Um Listen, I think this

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Speaker 1: issue cuts for President Trump either way. If the Democrats

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Speaker 1: blow block of vote, he's gonna say, listen, I did

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Speaker 1: with no Democratic president wanted to do, and the Democrats

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Speaker 1: are again sticking you with NAFTA. And if he gets

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Speaker 1: to win, he gets to take it there. He wins

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Speaker 1: either way. And I think that's the hard position that

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Speaker 1: Polo season. I think I think they gets a vote,

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Speaker 1: and I think it passes. Could I couldn't agree more,

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Speaker 1: and that that will be maybe the biggest achievement of

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Speaker 1: this presidential administration that's had a number of a number

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Speaker 1: of other achievements. It reminds me of that Billy Joel

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Speaker 1: song Allentown. Gosh, I'm like giving, I'm giving the congressman

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Speaker 1: my place. This is me, this is all I was raised,

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Speaker 1: you know, Allentown, uh and and uh my hometown by

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Speaker 1: Bruce Right, another good one. All right, what's on your radar?

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Speaker 1: John Solomon? We got like sixty seconds left for next week.

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Speaker 1: I think next week three things to watch for. There

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Speaker 1: could be a change the top of the intelligence community.

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Speaker 1: You went see Dan Coates move on. You might see

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Speaker 1: a member of the Congress move in. I think too.

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Speaker 1: I keep an eye on the first declassification documents. Now

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Speaker 1: that the Mother testimony is over, it gives Bill Barrow

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Speaker 1: the opportunity to go on offense. I'd watch for that

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Speaker 1: next week. In three watch for some of the key

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Speaker 1: figures in the Russia investigation to start lining up defense lawyers.

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Speaker 1: I think you may see the first grand jury activity

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Speaker 1: in the in the John Durham review of the Russia investigation.

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Speaker 1: I think all three of those things could play out

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Speaker 1: next week. John Solomon, Wow, I mean that's just I'm

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Speaker 1: watching Congressmanship Banks be like he probably like smooth sailing.

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Speaker 1: I want to thank John Solomon for coming in first

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Speaker 1: time on the show where you come back absolutely a

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Speaker 1: ton of fun. I want to thank Lara Trump as

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Speaker 1: well as Tom Perez, chairman of the Democratic Party, Lara

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Speaker 1: Trump of course senior advisor to Trump reelect and of

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Speaker 1: course Congressman Jim Banks, Republican from Indiana, getting wonky on

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Speaker 1: Huawei on Friday and Recess appreciate your time to have

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Speaker 1: a good time in France. Download the sound on podcast

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Speaker 1: on Apple iTunes. Bloomberg dot com or by downloading the

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Speaker 1: Bloomberg Business App. You can also find me on Radio

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Speaker 1: dot com, I Heart Radio, and Spotify Full Lara Trump

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Speaker 1: Interview online. You're listening to Bloomberg