1 00:00:01,760 --> 00:00:06,280 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,240 --> 00:00:10,360 Speaker 1: What we've been clear about is the need for energy 3 00:00:10,400 --> 00:00:13,480 Speaker 1: supply to meet demand, and we've done our party. I'm 4 00:00:13,520 --> 00:00:16,959 Speaker 1: doing all I can to increases supply for the United States. 5 00:00:17,000 --> 00:00:21,680 Speaker 1: From Bloomberg Sound on Politics, Policy and perspective from DC's 6 00:00:21,800 --> 00:00:25,800 Speaker 1: Top Names. We've had four looters that were arrested. Three 7 00:00:25,880 --> 00:00:29,280 Speaker 1: of the four are illegal alien and there will be 8 00:00:29,360 --> 00:00:31,880 Speaker 1: plenty of time to discuss differences between the President and 9 00:00:31,920 --> 00:00:40,280 Speaker 1: the governor, but now is not the time. Bloomberg Sound 10 00:00:40,400 --> 00:00:46,040 Speaker 1: On with Joe Matthew on Bloomberg Radio. OPEC cuts production 11 00:00:46,280 --> 00:00:49,800 Speaker 1: and breeds new life into nopeck. Welcome to the fastest 12 00:00:49,800 --> 00:00:53,440 Speaker 1: hour in politics. With an historic snub from Saudi Arabia 13 00:00:53,920 --> 00:00:57,960 Speaker 1: and its oil producing allies, including Russia, OPEC plus threatening 14 00:00:58,000 --> 00:01:01,920 Speaker 1: to send prices higher, and vibe legislation here in Washington 15 00:01:01,920 --> 00:01:04,160 Speaker 1: that would allow the US to sue will be joined 16 00:01:04,480 --> 00:01:08,880 Speaker 1: by former Deputy Secretary of Energy Mark Menzies. Later, we 17 00:01:08,959 --> 00:01:12,720 Speaker 1: talked with the Republican nominee for governor in Massachusetts, Jeff Deal, 18 00:01:12,840 --> 00:01:15,160 Speaker 1: endorsed by Donald Trump and one of the bluest states 19 00:01:15,160 --> 00:01:18,120 Speaker 1: in the nation, and President Biden shares a podium with 20 00:01:18,160 --> 00:01:20,920 Speaker 1: Governor Rhonda Santis in Florida. We'll see how they got along. 21 00:01:20,920 --> 00:01:24,960 Speaker 1: We'll talk optics with our signature panel Bloomberg Politics contributors 22 00:01:25,040 --> 00:01:27,679 Speaker 1: Rick Davis and Jeanie Schanzano with us for the hour. 23 00:01:28,200 --> 00:01:31,200 Speaker 1: The news from Vienna this morning was something OPEC plus 24 00:01:31,240 --> 00:01:34,680 Speaker 1: agreeing to make a larger production cut than most expected 25 00:01:35,319 --> 00:01:39,479 Speaker 1: to keep oil prices high. The White House is not happy, 26 00:01:40,080 --> 00:01:43,360 Speaker 1: as the move was defended by ministers from the producers 27 00:01:43,440 --> 00:01:46,440 Speaker 1: group as necessary to protect the oil industry and their 28 00:01:46,440 --> 00:01:52,600 Speaker 1: own economies, but they also risk causing a global slowdown, 29 00:01:52,760 --> 00:01:56,880 Speaker 1: if not worse. Saudi Arabia's Energy minister, Prince Abdulaziz bin Salmon, 30 00:01:57,200 --> 00:01:59,760 Speaker 1: sounding very pleased with the agreement they reached earlier. Here 31 00:01:59,760 --> 00:02:03,360 Speaker 1: he is, we have proven naturally we are colleagues, and 32 00:02:03,680 --> 00:02:07,000 Speaker 1: we had a just a band of brothers that would 33 00:02:07,000 --> 00:02:12,760 Speaker 1: continue shred of our because our countries, our people, OPEC 34 00:02:12,840 --> 00:02:17,960 Speaker 1: plus a band of brothers. As I see the headline 35 00:02:17,960 --> 00:02:21,240 Speaker 1: on a great column Bloomberg opinion from our own Javier 36 00:02:21,280 --> 00:02:26,639 Speaker 1: Blast Saudi Russian oil axis snubs Biden with cuts. It 37 00:02:26,680 --> 00:02:28,920 Speaker 1: was not that long ago, of course, Joe Biden was 38 00:02:29,000 --> 00:02:33,200 Speaker 1: in Saudi Arabia asking for additional production, and we'll get 39 00:02:33,240 --> 00:02:37,519 Speaker 1: to that reaction today though. From Washington, the State Department, 40 00:02:38,120 --> 00:02:41,200 Speaker 1: here's Anthony B. Lincoln. What we've been clear about is 41 00:02:41,760 --> 00:02:45,040 Speaker 1: the need for energy supply to to meet demand. That's 42 00:02:45,080 --> 00:02:47,600 Speaker 1: what we've been working on across the board, and we've 43 00:02:47,600 --> 00:02:51,160 Speaker 1: done our part. Um United States oil production is up 44 00:02:51,160 --> 00:02:53,920 Speaker 1: by more than five thousand barrels a day. As you know, 45 00:02:54,800 --> 00:02:57,280 Speaker 1: we have tapped into the static poem reserve as well. 46 00:02:57,880 --> 00:03:02,679 Speaker 1: We've done our part, he says, but breaking with tradition 47 00:03:02,919 --> 00:03:07,440 Speaker 1: as again, Javier Blass reminds us in its history, OPEC 48 00:03:07,720 --> 00:03:11,480 Speaker 1: and its new incarnation OPEC plus has never caught out 49 00:03:11,480 --> 00:03:15,399 Speaker 1: books so much so quickly, while Brent crude was still 50 00:03:15,400 --> 00:03:18,120 Speaker 1: flirting with a hundred dollars of barrel and it looks 51 00:03:18,160 --> 00:03:22,280 Speaker 1: like New York crew will be close behind. This is 52 00:03:22,320 --> 00:03:25,440 Speaker 1: where we begin our conversation with Mark Menzie's former deputy 53 00:03:25,520 --> 00:03:29,560 Speaker 1: Energy secretary during the Trump administration. Mark, it's great to 54 00:03:29,600 --> 00:03:32,280 Speaker 1: have you with us here. Just to first understand, I 55 00:03:32,280 --> 00:03:35,960 Speaker 1: know it's difficult to connect the dots between oil production 56 00:03:36,000 --> 00:03:39,680 Speaker 1: and gasoline prices here in the US, but after what 57 00:03:39,800 --> 00:03:43,120 Speaker 1: ninety eight straight days of declines. It feels like the 58 00:03:43,160 --> 00:03:48,640 Speaker 1: honeymoon is over here for the Biden administration. Well, thank you, Joe, 59 00:03:48,680 --> 00:03:50,360 Speaker 1: thank you for having me, and it's a pleasure to 60 00:03:50,360 --> 00:03:54,520 Speaker 1: be with you and your listeners this afternoon. Um. Well, 61 00:03:54,560 --> 00:03:58,080 Speaker 1: to be sure, Um, the price at the pump typically though, 62 00:03:58,320 --> 00:04:00,920 Speaker 1: is tied to the global price of oil. That's not 63 00:04:01,000 --> 00:04:04,760 Speaker 1: a surprise. And so you know, retailers typically looked for 64 00:04:05,200 --> 00:04:12,040 Speaker 1: the price of replacement of particular tank, so we've known historically. Indeed, 65 00:04:12,040 --> 00:04:15,440 Speaker 1: the retail prices track the global price of oil. So 66 00:04:16,000 --> 00:04:18,840 Speaker 1: when you hear the president policymakers saying we're trying to 67 00:04:18,920 --> 00:04:22,440 Speaker 1: drive down the price of oil, it's because they know 68 00:04:22,520 --> 00:04:26,120 Speaker 1: that ultimately it will flow through the prices when you 69 00:04:26,160 --> 00:04:30,159 Speaker 1: have you know, refining bottlenecks and you have seasonal blends there, 70 00:04:30,160 --> 00:04:31,800 Speaker 1: I realize there are a lot of different things that 71 00:04:31,839 --> 00:04:34,320 Speaker 1: can go into this. The point is, though, five weeks 72 00:04:34,360 --> 00:04:38,479 Speaker 1: before the midterms, this is not good news. Well it's not. 73 00:04:38,640 --> 00:04:41,120 Speaker 1: And indeed all presidents are always concerned about the price 74 00:04:41,160 --> 00:04:43,960 Speaker 1: of gas and running up to elections because it never 75 00:04:44,080 --> 00:04:47,400 Speaker 1: fares well for the part again power when you're paying 76 00:04:47,520 --> 00:04:50,760 Speaker 1: large amounts of money, unexpected money that you haven't budgeted 77 00:04:50,760 --> 00:04:52,400 Speaker 1: to fill up, you know, your truck or your car. 78 00:04:53,120 --> 00:04:56,400 Speaker 1: Um It was interesting. So listening to the comments of 79 00:04:56,440 --> 00:05:00,200 Speaker 1: the Saudi Arabian minister reminded me of when and I, 80 00:05:00,400 --> 00:05:03,680 Speaker 1: representing the US government, attended an international conference and the 81 00:05:03,760 --> 00:05:08,080 Speaker 1: Saudi Arabian minister then and the Russian energy minister took 82 00:05:08,520 --> 00:05:11,919 Speaker 1: glee in announcing that they were going to continue to 83 00:05:12,600 --> 00:05:17,320 Speaker 1: reduce production to keep prices up. And so what did 84 00:05:17,320 --> 00:05:20,440 Speaker 1: the United States do at that time? You might remember 85 00:05:20,960 --> 00:05:25,000 Speaker 1: that what the past administration did was to encourage US production. 86 00:05:25,720 --> 00:05:29,560 Speaker 1: We had achieved breakthrough technologies in uh in the shale play, 87 00:05:29,680 --> 00:05:33,880 Speaker 1: and we became the number one producer of oil and 88 00:05:33,960 --> 00:05:36,719 Speaker 1: natural gas in the world. Well, this is something we 89 00:05:36,760 --> 00:05:39,279 Speaker 1: talked about, you know, every day here on Bloomberg, and 90 00:05:39,279 --> 00:05:42,680 Speaker 1: we've been tracking very closely, this dysfunctional relationship between the 91 00:05:42,680 --> 00:05:46,400 Speaker 1: Biden administration and drillers who found themselves holding the bag 92 00:05:46,480 --> 00:05:48,240 Speaker 1: right prices got so low they said, we're not going 93 00:05:48,279 --> 00:05:50,160 Speaker 1: to invest in doing this again because you're gonna pull 94 00:05:50,200 --> 00:05:52,520 Speaker 1: out the rug from under us. But now that we're 95 00:05:52,560 --> 00:05:57,160 Speaker 1: down two million barrels a day here, the Biden administration 96 00:05:57,279 --> 00:06:00,240 Speaker 1: has very few options, right, I mean, you can't just 97 00:06:00,360 --> 00:06:03,760 Speaker 1: turn as we've learned, you can't just turn on the spigot, 98 00:06:04,400 --> 00:06:08,400 Speaker 1: especially when something like COVID shuts it down. Well, to 99 00:06:08,440 --> 00:06:10,800 Speaker 1: be sure, it takes time to come online, but to 100 00:06:10,839 --> 00:06:13,919 Speaker 1: be to be clear about it, we have capacity in 101 00:06:14,000 --> 00:06:17,840 Speaker 1: the United States that were this administration to simply turn 102 00:06:17,920 --> 00:06:20,520 Speaker 1: to the US producers and say, look, we want to 103 00:06:20,560 --> 00:06:24,800 Speaker 1: work with you and support your production. We will grant permits, 104 00:06:24,839 --> 00:06:27,840 Speaker 1: we will protect your investments, we will allow a return 105 00:06:27,839 --> 00:06:30,320 Speaker 1: on your investment. But please help us out of this. 106 00:06:30,440 --> 00:06:35,680 Speaker 1: Help us increased production. They did it before they came online. 107 00:06:35,760 --> 00:06:41,480 Speaker 1: In the US led the world in oil production. Indeed, 108 00:06:41,560 --> 00:06:45,880 Speaker 1: just last year, your your listeners, uh might be surprised 109 00:06:45,880 --> 00:06:50,440 Speaker 1: to know that in the US was the leading producer 110 00:06:50,800 --> 00:06:57,440 Speaker 1: of US oil increase. Well, the increase the increase game 111 00:06:57,520 --> 00:07:01,880 Speaker 1: where from the Permian basin. The Permian based in Texas, 112 00:07:01,920 --> 00:07:06,159 Speaker 1: beyond the reach of federal regulators. So when you look 113 00:07:06,320 --> 00:07:11,080 Speaker 1: at where the US production increase has come that Secretary 114 00:07:11,120 --> 00:07:13,800 Speaker 1: Blinkin was taken credit for, it's it's really Texas and 115 00:07:13,920 --> 00:07:17,800 Speaker 1: Ainsville Play, Louisiana. That's where the production has come. It 116 00:07:17,880 --> 00:07:23,280 Speaker 1: has not come from the areas that really produced during 117 00:07:23,320 --> 00:07:27,520 Speaker 1: the past administration to really make up for the reduced amount. 118 00:07:27,560 --> 00:07:30,480 Speaker 1: From Saudi Arabian reaction from the White House to the 119 00:07:30,520 --> 00:07:33,440 Speaker 1: statement was blistering. Uh. And just a portion here. This 120 00:07:33,520 --> 00:07:36,720 Speaker 1: is a quote I'm reading from the statement. The President 121 00:07:36,800 --> 00:07:39,720 Speaker 1: is disappointed by the short sighted decision by OPEC PLUST 122 00:07:39,760 --> 00:07:42,240 Speaker 1: to cut production quotas while the global economy is dealing 123 00:07:42,560 --> 00:07:46,800 Speaker 1: with the continued negative impact of Putin's invasion of Ukraine. 124 00:07:47,280 --> 00:07:51,440 Speaker 1: The political side of this is really something mark when 125 00:07:51,480 --> 00:07:55,960 Speaker 1: you consider h our own column here from Javier Blass 126 00:07:56,000 --> 00:08:00,640 Speaker 1: referring to the Saudi Russian oil axis, is this actually 127 00:08:00,640 --> 00:08:03,440 Speaker 1: what's going on here, that that that Saudi Arabia has 128 00:08:03,520 --> 00:08:07,760 Speaker 1: decided that the war in Ukraine and and the police 129 00:08:07,840 --> 00:08:12,240 Speaker 1: from the United States are less urgent than it's maintaining 130 00:08:12,240 --> 00:08:15,960 Speaker 1: a relationship with Russia. Well, what their concern is is 131 00:08:16,000 --> 00:08:18,679 Speaker 1: that the global prices, unless it's propped up, they can't 132 00:08:18,720 --> 00:08:22,480 Speaker 1: fund their government. So Russia can't fund its totalitarian regime, 133 00:08:22,600 --> 00:08:25,800 Speaker 1: and Saudi Arabia and the OPEC countries can't fund their mind. 134 00:08:26,040 --> 00:08:27,800 Speaker 1: That's the thing, right, I mean, Brent is near a 135 00:08:27,880 --> 00:08:30,800 Speaker 1: hundred dollars of barrel mark where it's already. Really the 136 00:08:30,920 --> 00:08:34,439 Speaker 1: prices are historically high. Is so they must be assuming 137 00:08:34,440 --> 00:08:38,120 Speaker 1: there's a recession looming and that these can't cannot be sustained. 138 00:08:38,200 --> 00:08:41,520 Speaker 1: Is that your view? Well, what they what they're presuming 139 00:08:41,600 --> 00:08:44,200 Speaker 1: is that the Body administration will not call on the 140 00:08:44,280 --> 00:08:50,320 Speaker 1: US producers to increase production like the last UH administration did. 141 00:08:50,440 --> 00:08:54,720 Speaker 1: And so they're they're basically betting that President Biden will 142 00:08:54,880 --> 00:08:57,880 Speaker 1: be hamstrong running up to the mid term elections, not 143 00:08:58,000 --> 00:09:01,440 Speaker 1: calling for an increase in production other than and calling 144 00:09:01,520 --> 00:09:04,679 Speaker 1: on the US producers to reduce prices and talking about 145 00:09:04,679 --> 00:09:08,720 Speaker 1: a global price UH. And so that's where Russians out 146 00:09:08,760 --> 00:09:12,640 Speaker 1: of Arabia are united and saying that this current administration 147 00:09:12,679 --> 00:09:15,439 Speaker 1: won't do anything. The thing is, we know the Biden administration, 148 00:09:16,679 --> 00:09:19,280 Speaker 1: the Biden administration has been begging for more production. We 149 00:09:19,360 --> 00:09:22,320 Speaker 1: we've heard the poleas coming from the White House. You're 150 00:09:23,280 --> 00:09:24,920 Speaker 1: I want to go a step deeper than that. What 151 00:09:25,000 --> 00:09:28,200 Speaker 1: is the difference though, between the way the way you 152 00:09:28,280 --> 00:09:30,840 Speaker 1: incentivize drillers and the way that this White House is 153 00:09:30,840 --> 00:09:33,640 Speaker 1: it about? Is it about promising to your point earlier 154 00:09:33,720 --> 00:09:37,000 Speaker 1: that we will support your investment. How do you convince 155 00:09:37,840 --> 00:09:41,439 Speaker 1: oil companies to drill shale when you're begging them and 156 00:09:41,600 --> 00:09:47,400 Speaker 1: and they don't trust you. They're appending permit applications that 157 00:09:47,480 --> 00:09:51,600 Speaker 1: have been fully vetted um and have satisfied all environmental 158 00:09:51,640 --> 00:09:55,200 Speaker 1: concerns that this administration is delaying or sitting on. They're 159 00:09:55,200 --> 00:09:58,000 Speaker 1: simply not acting on them. You don't read about it 160 00:09:58,000 --> 00:10:00,400 Speaker 1: in the press. Yeah, they're telling a very different story. 161 00:10:00,440 --> 00:10:03,880 Speaker 1: We hear about the nine unused leases right right, well, 162 00:10:03,960 --> 00:10:07,560 Speaker 1: and that's and that's really a misrepresentation about the process 163 00:10:07,600 --> 00:10:10,880 Speaker 1: that it takes to get the permits to drill and produce. 164 00:10:11,520 --> 00:10:16,480 Speaker 1: So if this administration simply stops issuing moratoria on offshore 165 00:10:16,520 --> 00:10:21,679 Speaker 1: production and encourages and grants permits, let me tell you 166 00:10:21,720 --> 00:10:24,520 Speaker 1: what will happen is that these price signals will be 167 00:10:24,640 --> 00:10:28,600 Speaker 1: sent to the global markets and there will be immediate 168 00:10:28,720 --> 00:10:35,720 Speaker 1: downward pressure. Increased production will drive those prices down. This 169 00:10:35,800 --> 00:10:39,640 Speaker 1: administration has tried it with the release of the Strategic 170 00:10:39,679 --> 00:10:43,200 Speaker 1: Patroleum Reserve. They have done that that has had minimal value. 171 00:10:43,440 --> 00:10:47,559 Speaker 1: What surprising to me is that the President is offering 172 00:10:47,760 --> 00:10:52,280 Speaker 1: to OPEC countries as an inducement not to reduce production, 173 00:10:52,800 --> 00:10:56,600 Speaker 1: that he will buy Opec oil to put in our 174 00:10:56,760 --> 00:11:01,400 Speaker 1: own strategic petroleum reserve. Imagine that, and we were in office, 175 00:11:01,640 --> 00:11:04,720 Speaker 1: we put bids out to feel our sprow as it's called, 176 00:11:05,480 --> 00:11:09,079 Speaker 1: what us produced oil. Uh, well, we were just it's 177 00:11:09,160 --> 00:11:14,000 Speaker 1: just a big disconnect between an obvious solution right there 178 00:11:14,320 --> 00:11:16,920 Speaker 1: that I think most Americans would expect the President to say, 179 00:11:16,920 --> 00:11:20,920 Speaker 1: you know what, we don't need OPEC. We don't We 180 00:11:21,080 --> 00:11:25,000 Speaker 1: can produce as much oil that flows through the strait 181 00:11:25,120 --> 00:11:28,400 Speaker 1: of hard moves on any given day. Well, we'd like 182 00:11:28,480 --> 00:11:30,679 Speaker 1: to see it happen if that's the case, because we're 183 00:11:30,720 --> 00:11:32,720 Speaker 1: gonna have to refill that thing. Mark, thank you for 184 00:11:32,760 --> 00:11:35,760 Speaker 1: being here. Mark Menzies, the former Deputy Secretary of Energy, 185 00:11:36,320 --> 00:11:38,640 Speaker 1: with a very different view than what you're hearing from 186 00:11:38,679 --> 00:11:41,160 Speaker 1: the White House, certainly and even from the Middle East, 187 00:11:41,240 --> 00:11:43,360 Speaker 1: or I guess I should be more specific to save 188 00:11:43,480 --> 00:11:45,840 Speaker 1: Vienna today, we're going to assemble the panel next to 189 00:11:45,840 --> 00:11:48,040 Speaker 1: get their take because, as I mentioned, this movement on 190 00:11:48,120 --> 00:11:51,040 Speaker 1: Capitol Hill, the no Peck Bill would allow us to 191 00:11:51,160 --> 00:11:55,640 Speaker 1: sue OPEC nations. Is that the right course? I love more? Next, 192 00:11:55,679 --> 00:12:01,079 Speaker 1: I'm Joe Matthew. This is Bloomberg. You're losing name to Bloomberg. 193 00:12:01,320 --> 00:12:07,439 Speaker 1: Sound on with Joe Matthew on Bloombird Radio. I'll tell 194 00:12:07,440 --> 00:12:11,319 Speaker 1: you July seems like so long ago, the big visit 195 00:12:11,400 --> 00:12:14,400 Speaker 1: to Saudi Arabia, And of course at that point the 196 00:12:14,440 --> 00:12:19,560 Speaker 1: President was taking heavy duty criticism for shaking hands, remember 197 00:12:19,600 --> 00:12:24,440 Speaker 1: shaking hands with MBS in the name of oil. And 198 00:12:24,440 --> 00:12:28,960 Speaker 1: he didn't leave with, you know, a promise for anything specific. 199 00:12:29,600 --> 00:12:33,520 Speaker 1: They said it was about more than that. But listen 200 00:12:33,559 --> 00:12:38,439 Speaker 1: to the discussion. More energy security and adequate oil supplies 201 00:12:38,840 --> 00:12:42,800 Speaker 1: to support global economic growth, and that will begin shortly. 202 00:12:43,360 --> 00:12:46,520 Speaker 1: And uh, and I'm doing all I can to increase 203 00:12:46,520 --> 00:12:49,200 Speaker 1: the supply for the United States of America, which I 204 00:12:49,240 --> 00:12:53,199 Speaker 1: expect to happen. The Saudis shared that urgency, and based 205 00:12:53,240 --> 00:12:56,920 Speaker 1: on our discussions today, I expect we'll see further steps 206 00:12:56,920 --> 00:13:02,000 Speaker 1: in the coming weeks. Fast forward to October five, and 207 00:13:02,080 --> 00:13:04,600 Speaker 1: it is looking and feeling a lot different now. Of 208 00:13:04,640 --> 00:13:08,000 Speaker 1: course again, gas prices down ninety eight days in a row. 209 00:13:08,160 --> 00:13:12,040 Speaker 1: Things have changed, and there is a greater expectation for 210 00:13:12,080 --> 00:13:16,719 Speaker 1: an economic downturn, if not a full on recession here, 211 00:13:16,720 --> 00:13:18,960 Speaker 1: which would have a major impact on oil prices. So 212 00:13:19,000 --> 00:13:21,480 Speaker 1: everybody's looking out for number one. Let's assemble the panel. 213 00:13:21,840 --> 00:13:25,480 Speaker 1: Rick Davis is here in Jennie Chanzano Bloomberg Politics contributors 214 00:13:25,480 --> 00:13:28,240 Speaker 1: make up our signature panel on sound on Genie, how 215 00:13:28,280 --> 00:13:30,440 Speaker 1: bad does this hurt? You saw the statement today from 216 00:13:30,440 --> 00:13:33,440 Speaker 1: the White House that they're just flat out angry. They're 217 00:13:33,480 --> 00:13:35,360 Speaker 1: flat out angry, and I think the sign of how 218 00:13:35,400 --> 00:13:37,160 Speaker 1: bad this hurts and how bad they knew it was 219 00:13:37,200 --> 00:13:39,880 Speaker 1: gonna hurt. As we heard talk just before this meeting 220 00:13:39,880 --> 00:13:42,800 Speaker 1: that the White House was panicking that they were trying 221 00:13:42,800 --> 00:13:46,720 Speaker 1: to lobby members of OPEC to see if they could, 222 00:13:47,080 --> 00:13:49,880 Speaker 1: you know, in some way encourage them not to take 223 00:13:49,960 --> 00:13:52,320 Speaker 1: this step. And you were just talking about some of 224 00:13:52,360 --> 00:13:55,240 Speaker 1: the ways in which they tried to dangle, you know, 225 00:13:55,520 --> 00:13:57,680 Speaker 1: you know, we're willing to buy the oil to restock 226 00:13:57,760 --> 00:14:01,800 Speaker 1: the reserves over here. They tried desperately. They even we 227 00:14:01,880 --> 00:14:03,800 Speaker 1: even heard they reached out to Janet yelling to get 228 00:14:03,800 --> 00:14:07,200 Speaker 1: the Treasury to do some lobbying. It all fell flat. 229 00:14:07,240 --> 00:14:10,360 Speaker 1: And despite that, you know, fist bump heard around the world, 230 00:14:10,600 --> 00:14:13,000 Speaker 1: you know, just a few months ago and now some 231 00:14:13,040 --> 00:14:14,679 Speaker 1: people in the White House have said this is a 232 00:14:14,720 --> 00:14:18,760 Speaker 1: total disaster. Five weeks to go, when let's let's be honest. 233 00:14:18,800 --> 00:14:21,480 Speaker 1: One of the things we've said Uh, particularly on the 234 00:14:21,480 --> 00:14:24,600 Speaker 1: democratic side that Biden has done well. Is oil prices 235 00:14:24,640 --> 00:14:26,400 Speaker 1: had been going down or gas prices going down a 236 00:14:26,440 --> 00:14:28,560 Speaker 1: hundred that's the one thing they had going for. It 237 00:14:28,640 --> 00:14:31,440 Speaker 1: was one positive sign and it could reverse itself at 238 00:14:31,480 --> 00:14:34,120 Speaker 1: the very worst time for them. So what's your view 239 00:14:34,200 --> 00:14:38,280 Speaker 1: on this, Rick? Obviously the saudiast could have taken any 240 00:14:38,360 --> 00:14:42,120 Speaker 1: number of courses here and and to go this far 241 00:14:42,440 --> 00:14:46,880 Speaker 1: for for a cut of of this magnitude is is 242 00:14:47,160 --> 00:14:51,640 Speaker 1: Saudi Arabia siding with Russia? Is it as simple as that? Well, 243 00:14:51,640 --> 00:14:54,280 Speaker 1: there's no question that Saudi Arabia has given a lot 244 00:14:54,320 --> 00:14:58,680 Speaker 1: of a comfort to Russia during the attack on Ukraine. 245 00:14:58,720 --> 00:15:00,800 Speaker 1: You know, they haven't said a word that would be 246 00:15:00,840 --> 00:15:04,600 Speaker 1: considered helpful to Ukraine or the United States or the 247 00:15:04,640 --> 00:15:08,160 Speaker 1: access of supporting Ukraine. Uh. And if anything, you know, 248 00:15:08,520 --> 00:15:11,200 Speaker 1: we heard it from them directly. They see each other's brothers. 249 00:15:11,360 --> 00:15:14,320 Speaker 1: This is a cartel, right, I mean, like, what when 250 00:15:14,320 --> 00:15:16,320 Speaker 1: did we ever think of cartel was a good thing. 251 00:15:16,400 --> 00:15:19,640 Speaker 1: We're the other guys. We think cartels are bad. And 252 00:15:19,760 --> 00:15:22,440 Speaker 1: what I can't figure out is why anybody thought this 253 00:15:22,600 --> 00:15:24,960 Speaker 1: wasn't going to happen. I mean, you know, when you 254 00:15:24,960 --> 00:15:27,280 Speaker 1: look at what Biden didn't get when he went over 255 00:15:27,360 --> 00:15:31,120 Speaker 1: there to suck up to NBS and try and get 256 00:15:31,160 --> 00:15:35,880 Speaker 1: a reduction in price of oil, increasing supply, he didn't 257 00:15:35,880 --> 00:15:38,040 Speaker 1: get in. He got a hundred thousand a day, and 258 00:15:38,080 --> 00:15:40,560 Speaker 1: that was a drop in a bucket. Uh, And he 259 00:15:40,640 --> 00:15:43,960 Speaker 1: got lucky, and prices went down and and then in 260 00:15:43,960 --> 00:15:46,760 Speaker 1: in the period of time since then, there's been all 261 00:15:46,800 --> 00:15:51,360 Speaker 1: out war against Russia and their oil production out of Europe. Right, 262 00:15:51,400 --> 00:15:55,360 Speaker 1: we're talking about price caps and trade limitations with Europe 263 00:15:55,400 --> 00:15:59,120 Speaker 1: on Russian oil. This is their friend, their brother at 264 00:15:59,120 --> 00:16:02,680 Speaker 1: OPEC plus and and even on our own side. You know, 265 00:16:02,720 --> 00:16:06,360 Speaker 1: we've been talking about ways of sanctioning people doing business 266 00:16:06,360 --> 00:16:09,640 Speaker 1: with the Russian oil trade. So why we didn't think 267 00:16:09,720 --> 00:16:11,800 Speaker 1: it was going to come back to haunt us is 268 00:16:12,560 --> 00:16:14,720 Speaker 1: a surprise to me. I mean, I think the White 269 00:16:14,760 --> 00:16:17,200 Speaker 1: House protests too much. They should have seen this coming. 270 00:16:17,440 --> 00:16:18,960 Speaker 1: We knew there was going to be a bump up 271 00:16:18,960 --> 00:16:22,480 Speaker 1: in price anyway because of the fall you know, winter 272 00:16:22,600 --> 00:16:25,440 Speaker 1: months coming in. But right, this is this is shocking 273 00:16:25,480 --> 00:16:27,760 Speaker 1: that it was shocking. Yeah, you wonder if if the 274 00:16:27,800 --> 00:16:31,080 Speaker 1: statement makes us look uh, you know, more helpless. Genie. 275 00:16:31,080 --> 00:16:34,680 Speaker 1: The statement today a tweet from Senator Chris Murphy of Connecticut. 276 00:16:35,040 --> 00:16:36,840 Speaker 1: I thought the whole point of selling arms to the 277 00:16:36,840 --> 00:16:39,600 Speaker 1: Gulf States, he writes, despite their human rights abuse is 278 00:16:39,640 --> 00:16:44,560 Speaker 1: nonsensical Yemen war working against US interests in Libya, Sudan, etcetera, 279 00:16:45,000 --> 00:16:48,160 Speaker 1: was that when an international crisis came, the Gulf could 280 00:16:48,240 --> 00:16:51,880 Speaker 1: choose America over Russia and China. So it does feel 281 00:16:51,920 --> 00:16:53,800 Speaker 1: like we have an answer to that question. And maybe 282 00:16:53,800 --> 00:16:55,840 Speaker 1: that shouldn't be a surprise, Genie, But I wonder if 283 00:16:55,840 --> 00:16:58,360 Speaker 1: people like Chris Murphy you're gonna warm up to this 284 00:16:58,440 --> 00:17:01,680 Speaker 1: idea of the note Peck legislation that would allow the 285 00:17:01,800 --> 00:17:06,280 Speaker 1: US to actually sue OPEC nations. Maybe this is just 286 00:17:06,359 --> 00:17:08,480 Speaker 1: a pipe dream, but is this the next conversation we're 287 00:17:08,480 --> 00:17:10,640 Speaker 1: going to have in d C. Yeah? And I mean 288 00:17:10,640 --> 00:17:12,879 Speaker 1: this is a conversation we've been having, what for twenty 289 00:17:12,960 --> 00:17:15,000 Speaker 1: years on and off in d C. We've seen these 290 00:17:15,000 --> 00:17:17,920 Speaker 1: bills come forward, We've seen you know, pushed back on them, 291 00:17:18,040 --> 00:17:21,560 Speaker 1: um from a variety of of sectors. UM, some people saying, 292 00:17:21,560 --> 00:17:23,600 Speaker 1: you know, just because you're angry at a time of crisis, 293 00:17:23,600 --> 00:17:25,840 Speaker 1: you shouldn't go this far. You know, another country can 294 00:17:25,920 --> 00:17:28,359 Speaker 1: turn this around on us visa the agriculture or something 295 00:17:28,359 --> 00:17:30,280 Speaker 1: else there. But I do think that is going to 296 00:17:30,320 --> 00:17:33,960 Speaker 1: be one of the conversations. Remove their immunity shield, allow 297 00:17:34,080 --> 00:17:36,920 Speaker 1: for these antitrust suits to go forward. But the reality 298 00:17:37,040 --> 00:17:39,480 Speaker 1: is that is, you know, in my view, at least 299 00:17:39,520 --> 00:17:43,359 Speaker 1: addressing you know, addressing sort of the ramifications and not 300 00:17:43,440 --> 00:17:46,240 Speaker 1: addressing the cause of the problem. And we need to 301 00:17:46,280 --> 00:17:49,520 Speaker 1: address the cause of the problem. We cannot be reliant 302 00:17:49,600 --> 00:17:53,000 Speaker 1: on OPEC for our energy needs, and so this is 303 00:17:53,000 --> 00:17:55,119 Speaker 1: where the conversation has to go. So as much as 304 00:17:55,160 --> 00:17:57,359 Speaker 1: I appreciate the frustration and should we sue them in 305 00:17:57,400 --> 00:18:00,439 Speaker 1: the aftermath, I don't think that that is quite answer 306 00:18:00,480 --> 00:18:03,959 Speaker 1: that we should look for from our public officials. And 307 00:18:04,000 --> 00:18:06,639 Speaker 1: you know, I do agree with Rick to the extent 308 00:18:06,680 --> 00:18:09,760 Speaker 1: that I can't believe the administration would be surprised after 309 00:18:09,920 --> 00:18:12,240 Speaker 1: his trip and what happened in the aftermath that this 310 00:18:12,320 --> 00:18:15,240 Speaker 1: is where we are today. Unless there's something behind the 311 00:18:15,280 --> 00:18:17,439 Speaker 1: scenes we weren't privy to when promises were made that 312 00:18:17,480 --> 00:18:19,840 Speaker 1: weren't kept. It does look like the White House is 313 00:18:19,840 --> 00:18:22,679 Speaker 1: open to it. Part of that statement goes on to write, 314 00:18:23,160 --> 00:18:26,040 Speaker 1: in light of today's action, the Administration will also consult 315 00:18:26,119 --> 00:18:29,840 Speaker 1: with Congress on additional tools and authorities to reduce OPEX 316 00:18:29,960 --> 00:18:34,440 Speaker 1: control over energy prices. Our signature panel will be back 317 00:18:34,760 --> 00:18:39,320 Speaker 1: Rick and Genie. I'm Joe Matthew. This is Bloomberg. It 318 00:18:39,400 --> 00:18:41,880 Speaker 1: was only about a month ago, early September, when Jeff 319 00:18:41,920 --> 00:18:46,000 Speaker 1: Deal won the Republican nomination for governor in Massachusetts to 320 00:18:46,040 --> 00:18:50,199 Speaker 1: run against the States Democratic Attorney General Moura Healey, the 321 00:18:50,240 --> 00:18:53,800 Speaker 1: Democratic nominee. He spoke to supporters in Boston, so we've 322 00:18:53,800 --> 00:18:57,160 Speaker 1: got to empower also parents to keep that political agenda 323 00:18:57,200 --> 00:18:59,760 Speaker 1: out of the classrooms. And I believe schools teaching the 324 00:18:59,800 --> 00:19:02,560 Speaker 1: a VCS in the one two three's are important for 325 00:19:02,640 --> 00:19:10,639 Speaker 1: parents to be leading more heally more heally believes in 326 00:19:10,640 --> 00:19:15,880 Speaker 1: a different type of education. W O. K. All Right 327 00:19:16,840 --> 00:19:20,280 Speaker 1: endorsed by Donald Trump. He was, in fact Donald Trump's 328 00:19:20,440 --> 00:19:26,439 Speaker 1: state campaign chair back in made an unsuccessful run for 329 00:19:26,480 --> 00:19:29,719 Speaker 1: Senate against Elizabeth Warren and now he's seeking the corner 330 00:19:29,800 --> 00:19:33,960 Speaker 1: office in Massachusetts and joins us now on Bloomberg Sound 331 00:19:34,000 --> 00:19:37,320 Speaker 1: on Jeff Deal, Welcome back to Bloomberg Radio. He thanks, joy, 332 00:19:37,320 --> 00:19:40,080 Speaker 1: appreciate the time. So five weeks to the election here, 333 00:19:40,240 --> 00:19:42,120 Speaker 1: I don't I'm sure you don't need me to tell 334 00:19:42,160 --> 00:19:44,760 Speaker 1: you and I'm sure you're seeing the same polls that 335 00:19:44,840 --> 00:19:47,200 Speaker 1: I see. The latest from Suffolk University has more a 336 00:19:47,280 --> 00:19:49,960 Speaker 1: Heli up by twenty six points. Five thirty eight shows 337 00:19:49,960 --> 00:19:52,800 Speaker 1: the twenty five point lead the real clear poll of 338 00:19:52,840 --> 00:19:56,679 Speaker 1: polls where the twenty two points spread. Jeff Deal, are 339 00:19:56,680 --> 00:19:59,960 Speaker 1: you planning to stay in this race? Of course? Look 340 00:20:00,080 --> 00:20:03,000 Speaker 1: think three days after my primary win, we saw a 341 00:20:03,000 --> 00:20:06,480 Speaker 1: pull from Emerson College that put us ahead with Independence, 342 00:20:06,480 --> 00:20:10,320 Speaker 1: which is of the electorate in Massachusetts, by sixteen points 343 00:20:10,320 --> 00:20:12,399 Speaker 1: over more Heally when it comes to the economy, and 344 00:20:12,440 --> 00:20:14,680 Speaker 1: of course, I think we know right now it's very 345 00:20:14,760 --> 00:20:18,760 Speaker 1: much about the economy, right, That's that's where the focus 346 00:20:18,960 --> 00:20:21,840 Speaker 1: I think in the midterms is going to be in Massachusetts. Yeah. Well, 347 00:20:21,880 --> 00:20:23,919 Speaker 1: of course Maria Healey says that you would like to 348 00:20:23,960 --> 00:20:27,640 Speaker 1: ban abortion if you were elected. She's obviously seeing that 349 00:20:28,040 --> 00:20:30,680 Speaker 1: as a major issue as well. Is she wrong? Yeah, 350 00:20:30,680 --> 00:20:32,960 Speaker 1: I mean abortion is not on the table for this state. 351 00:20:33,359 --> 00:20:35,399 Speaker 1: The Row Act was passed about a year year and 352 00:20:35,440 --> 00:20:39,160 Speaker 1: a half ago, um and it basically codifies Rov. Wade 353 00:20:39,200 --> 00:20:41,480 Speaker 1: into law before the Supreme Court even struck it down. 354 00:20:41,720 --> 00:20:43,960 Speaker 1: You know, my job as governor is to execute law 355 00:20:44,000 --> 00:20:47,639 Speaker 1: and protect people's health care choices. Um that includes I 356 00:20:47,680 --> 00:20:51,160 Speaker 1: think healthcare choices where people were fired because they didn't 357 00:20:51,200 --> 00:20:54,760 Speaker 1: get the vaccine and they state jobs, they were required 358 00:20:54,800 --> 00:20:56,719 Speaker 1: to leave those jobs, or and a lot of them 359 00:20:56,720 --> 00:20:59,480 Speaker 1: took early retirements. So look, whether it's you know, honoring 360 00:21:00,119 --> 00:21:02,920 Speaker 1: the fact that the legislature has has passed Rob Wade 361 00:21:02,920 --> 00:21:05,200 Speaker 1: and women have the right to abortion, or whether it's 362 00:21:05,680 --> 00:21:08,879 Speaker 1: again protecting people's healthcare choices when it comes to the vaccines. 363 00:21:09,200 --> 00:21:11,600 Speaker 1: I think this is you know, it's it's an issue 364 00:21:11,600 --> 00:21:15,280 Speaker 1: that is no longer on the table. From Massachusetts, the 365 00:21:15,359 --> 00:21:18,040 Speaker 1: polls I mentioned, you mentioned that number from Emerson College 366 00:21:18,200 --> 00:21:20,000 Speaker 1: or do the others have it wrong? And if they don't, 367 00:21:20,000 --> 00:21:23,280 Speaker 1: how do you close that spread in five weeks? No, 368 00:21:23,640 --> 00:21:25,920 Speaker 1: I mean you're always going to see a Republican down 369 00:21:25,920 --> 00:21:27,840 Speaker 1: in the polls in Massachusetts. You're always going to see 370 00:21:27,840 --> 00:21:30,879 Speaker 1: a Republican you know, on the wrong end of fundraising 371 00:21:30,960 --> 00:21:33,600 Speaker 1: numbers because you know, we're always in this state, I 372 00:21:33,600 --> 00:21:36,359 Speaker 1: think are underdogs. But at the same time, Scott Brown 373 00:21:36,440 --> 00:21:38,840 Speaker 1: one in two thousand ten, and he was down significantly 374 00:21:38,840 --> 00:21:41,040 Speaker 1: with only weeks to go before his US Senate win 375 00:21:41,640 --> 00:21:44,240 Speaker 1: in two thousand and ten, and then uh, the other 376 00:21:44,320 --> 00:21:47,800 Speaker 1: thing is Charlie Baker also down to the polls before 377 00:21:47,800 --> 00:21:50,600 Speaker 1: he ended up winning his governorship. You know, it's typical 378 00:21:50,640 --> 00:21:53,840 Speaker 1: for Massachusetts to have a Republican that runs for U 379 00:21:53,880 --> 00:21:55,600 Speaker 1: s in it like I did in two thousand and eighteen. 380 00:21:55,840 --> 00:21:58,119 Speaker 1: You make an introduction for yourself. I received almost a 381 00:21:58,160 --> 00:22:01,280 Speaker 1: million votes in that election cycle, and then, uh, you know, 382 00:22:01,400 --> 00:22:03,800 Speaker 1: once people know who they are and trust the message, 383 00:22:04,240 --> 00:22:06,240 Speaker 1: you can win as governor. So it's it's something that's 384 00:22:06,240 --> 00:22:07,879 Speaker 1: happened before, and I think we're gonna Well, you're a 385 00:22:07,920 --> 00:22:10,000 Speaker 1: little bit of a different Republican though, right of course. 386 00:22:10,000 --> 00:22:12,720 Speaker 1: I remember meeting you in Cleveland at the Republican National Convention, 387 00:22:12,760 --> 00:22:15,320 Speaker 1: Jeff Gill. You were the only elected Republican from the 388 00:22:15,359 --> 00:22:18,439 Speaker 1: state who showed up to support Donald Trump as his 389 00:22:18,520 --> 00:22:22,919 Speaker 1: state campaign share. Do you consider yourself a mega Republican 390 00:22:23,040 --> 00:22:27,040 Speaker 1: as the President refers, I'm a working class Republican. My 391 00:22:27,119 --> 00:22:30,199 Speaker 1: wife and I own a small business. We Uh, you know, 392 00:22:30,240 --> 00:22:33,440 Speaker 1: I used to be a Democrat fourteen years ago. Uh. 393 00:22:33,600 --> 00:22:37,000 Speaker 1: For me, I've been in office since I served first 394 00:22:37,080 --> 00:22:40,080 Speaker 1: in two thousand ten through two thousand nineteen, so I 395 00:22:40,160 --> 00:22:43,000 Speaker 1: was six years into office before President Trump came into play, 396 00:22:43,400 --> 00:22:45,480 Speaker 1: and the fact the matter is, I've always tried to 397 00:22:45,480 --> 00:22:47,959 Speaker 1: put the working folks of our my state ahead of uh, 398 00:22:48,000 --> 00:22:50,639 Speaker 1: you know, those special interest groups on Beacon Hill. I 399 00:22:50,680 --> 00:22:53,160 Speaker 1: think that's what President Trump at the time was trying 400 00:22:53,160 --> 00:22:57,000 Speaker 1: to do, which was make sure that Washington trying to 401 00:22:57,080 --> 00:22:59,240 Speaker 1: drain the swamp. I mean, there's a lot of special 402 00:22:59,280 --> 00:23:01,680 Speaker 1: interest money that seems to override the will of the people. 403 00:23:02,000 --> 00:23:03,800 Speaker 1: So you know, what he did while he was in 404 00:23:03,880 --> 00:23:06,440 Speaker 1: office was give us a robust economy. He was able 405 00:23:06,480 --> 00:23:09,720 Speaker 1: to bring troops back from foreign engagements that no longer 406 00:23:09,760 --> 00:23:12,080 Speaker 1: served a national interests, and he also wanted to talk 407 00:23:12,080 --> 00:23:14,639 Speaker 1: about making sure we secured our borders so that we, 408 00:23:15,040 --> 00:23:17,880 Speaker 1: you know, could make sure immigration was done correctly. Well, 409 00:23:17,880 --> 00:23:20,080 Speaker 1: I ask you that because a year ago October you 410 00:23:20,160 --> 00:23:23,879 Speaker 1: said publicly election was rigged and you called for a 411 00:23:23,920 --> 00:23:27,080 Speaker 1: forensic audit of Joe Biden's victory in Massachusetts. Do you 412 00:23:27,080 --> 00:23:30,640 Speaker 1: still believe that. So what I think is that, first 413 00:23:30,640 --> 00:23:32,440 Speaker 1: of all, I have a trouble with the mail in balloting. 414 00:23:32,480 --> 00:23:36,000 Speaker 1: I think that even in Massachusetts, we've seen ballots request 415 00:23:36,040 --> 00:23:38,200 Speaker 1: mailed out to people who no longer live in apartments 416 00:23:38,240 --> 00:23:40,080 Speaker 1: that they've been there. In fact, I have too in 417 00:23:40,160 --> 00:23:42,680 Speaker 1: my possession that showed that, you know, request was sent 418 00:23:42,720 --> 00:23:44,560 Speaker 1: out to people who hadn't lived there for a while. 419 00:23:44,600 --> 00:23:47,760 Speaker 1: That's a problem. Wisconsin is banned mail in balloting. That's 420 00:23:47,760 --> 00:23:50,119 Speaker 1: a problem. But rigging, to me is beyond just the 421 00:23:50,119 --> 00:23:52,879 Speaker 1: balloting itself. Rigging is the fact that when President of 422 00:23:52,880 --> 00:23:56,120 Speaker 1: Trump was first elected, you know, the FBI was investigating 423 00:23:56,160 --> 00:23:59,600 Speaker 1: him based on dossiers that were provided by the Clinton 424 00:24:00,000 --> 00:24:03,280 Speaker 1: administration and used to basically wire tap his campaign and 425 00:24:03,320 --> 00:24:06,160 Speaker 1: then his transition offices. You know, and from the day 426 00:24:06,160 --> 00:24:08,400 Speaker 1: he was elected, the media has been trying to bring 427 00:24:08,480 --> 00:24:11,080 Speaker 1: him down. The FBI continues to try to bring him down, 428 00:24:11,240 --> 00:24:14,960 Speaker 1: and the media media itself suppressed any information about the 429 00:24:15,040 --> 00:24:18,760 Speaker 1: Hunter Biden laptop. The d by the media is what 430 00:24:18,840 --> 00:24:21,760 Speaker 1: you're saying, Well, I think it's there was an effort 431 00:24:21,760 --> 00:24:25,480 Speaker 1: by everybody to stop somebody who was trying to end 432 00:24:25,520 --> 00:24:27,480 Speaker 1: the games down in Washington, d C. You know, I 433 00:24:27,720 --> 00:24:31,800 Speaker 1: think he faced unprecedented levels of coordination against him, and 434 00:24:32,040 --> 00:24:34,080 Speaker 1: I mean to the point where the vaccines were held 435 00:24:34,119 --> 00:24:37,119 Speaker 1: back before you know, they were available in October, but 436 00:24:37,160 --> 00:24:39,560 Speaker 1: weren't made available to the public, uh, you know, just 437 00:24:39,600 --> 00:24:41,440 Speaker 1: to try to make it look like he wasn't successful 438 00:24:41,480 --> 00:24:44,320 Speaker 1: in getting them rolled out. Everything that he did clearly 439 00:24:44,400 --> 00:24:47,320 Speaker 1: was questioned by the by the media. And yet he 440 00:24:47,400 --> 00:24:50,480 Speaker 1: had again low unemployment. He had, you know, I think 441 00:24:50,520 --> 00:24:53,040 Speaker 1: a robust economy where the stock market was taking off. 442 00:24:53,320 --> 00:24:55,399 Speaker 1: So you know, I don't need to rehash the last 443 00:24:55,920 --> 00:24:57,840 Speaker 1: four years the four years before. But we've had two 444 00:24:57,920 --> 00:25:00,280 Speaker 1: years now of President Biden, and you see, you know, 445 00:25:00,480 --> 00:25:04,040 Speaker 1: very little scrutiny about the foreign policy that is now 446 00:25:04,160 --> 00:25:07,440 Speaker 1: allowed Russia to invade Ukraine. You've seen very little talk 447 00:25:07,480 --> 00:25:10,639 Speaker 1: about how the inflation and mortgage rates are rising and 448 00:25:10,680 --> 00:25:13,680 Speaker 1: making our holes all we talk about here. Actually, but 449 00:25:14,040 --> 00:25:16,199 Speaker 1: Donald Trump endorsed you for governor the day after you 450 00:25:16,240 --> 00:25:18,119 Speaker 1: made that statement that the election was rigged. Is that 451 00:25:18,160 --> 00:25:20,760 Speaker 1: what you need to say to get his endorsement? No, Look, 452 00:25:20,800 --> 00:25:22,320 Speaker 1: I mean he and I had a discussion about it. 453 00:25:22,320 --> 00:25:25,480 Speaker 1: I hadn't really thought too much about the election cycle 454 00:25:25,520 --> 00:25:28,600 Speaker 1: itself until he explained to me what what he had 455 00:25:28,600 --> 00:25:30,840 Speaker 1: felt had gone wrong there, And so you know, that 456 00:25:30,920 --> 00:25:33,040 Speaker 1: was really just an extension of talking to him. Following 457 00:25:33,080 --> 00:25:35,040 Speaker 1: the events of January six? Do you think that he 458 00:25:35,080 --> 00:25:38,240 Speaker 1: should be allowed to be president again? Would you? Would 459 00:25:38,240 --> 00:25:41,640 Speaker 1: you endorse him? Again or or share his campaign. Well, 460 00:25:41,680 --> 00:25:44,640 Speaker 1: if obviously he decides to run again, you know, we'll 461 00:25:44,640 --> 00:25:47,320 Speaker 1: see if there's any competition out there. Um, you know, 462 00:25:47,359 --> 00:25:49,440 Speaker 1: and I think de Santus obviously has made the case 463 00:25:49,480 --> 00:25:52,080 Speaker 1: that he might be one of the contenders out there. So, um, 464 00:25:52,200 --> 00:25:54,160 Speaker 1: whether it's to Santis or whether it's Trump, I'm more 465 00:25:54,200 --> 00:25:57,280 Speaker 1: likely to support a Republican over Joe Biden for sure. 466 00:25:58,200 --> 00:26:01,440 Speaker 1: Ronda Santis did not encourage an insurrection at the capital though, 467 00:26:01,480 --> 00:26:04,480 Speaker 1: that's not That's not a difference maker to you. You know, 468 00:26:04,560 --> 00:26:06,280 Speaker 1: I have a difference of opinion on that. I don't 469 00:26:06,280 --> 00:26:08,600 Speaker 1: think that that's exactly what she inspired. Those of media 470 00:26:08,640 --> 00:26:11,320 Speaker 1: again tries to make it out to be that he did. 471 00:26:11,440 --> 00:26:15,800 Speaker 1: I think that he in fact tried to encourage capital 472 00:26:15,880 --> 00:26:18,360 Speaker 1: to be protected by National Garden that was turned down. 473 00:26:18,880 --> 00:26:21,439 Speaker 1: I think, yeah, I have a totally difference of opinion 474 00:26:21,560 --> 00:26:26,879 Speaker 1: that you mentioned, Rhonda Santis. Joe Biden is down in 475 00:26:27,119 --> 00:26:30,920 Speaker 1: Florida today a meeting with the governor here. What's your 476 00:26:30,920 --> 00:26:33,280 Speaker 1: thoughts since you brought him off? You approved the Santis 477 00:26:33,280 --> 00:26:36,600 Speaker 1: shipping migrants to Martha's Vineyard and what apparently was a 478 00:26:36,640 --> 00:26:39,919 Speaker 1: move to embarrass liberals in the State. I think what 479 00:26:40,600 --> 00:26:43,199 Speaker 1: you know, Governor of Santis was doing was highlighting the 480 00:26:43,240 --> 00:26:46,040 Speaker 1: problem we have with immigration in our country and the 481 00:26:46,080 --> 00:26:48,639 Speaker 1: fact that certain states seemed to be burying the burden 482 00:26:48,840 --> 00:26:52,240 Speaker 1: from the other states about the overflow people into the country. 483 00:26:52,680 --> 00:26:55,080 Speaker 1: And you know, certainly these people were tricked though right 484 00:26:55,119 --> 00:26:57,320 Speaker 1: they were lied to. Some laws apparently may have been 485 00:26:57,359 --> 00:27:00,119 Speaker 1: broken because of that. Well, I think that there's is 486 00:27:00,160 --> 00:27:02,359 Speaker 1: looking into that, but I do believe they were also 487 00:27:02,600 --> 00:27:05,400 Speaker 1: given waivers to sign off on. So you know, again, 488 00:27:05,440 --> 00:27:08,160 Speaker 1: I don't know exactly what happened, but I guess that'll 489 00:27:08,160 --> 00:27:12,320 Speaker 1: be litigated, Jeff Deal. Governor Charlie Baker succeeded in drawing 490 00:27:12,359 --> 00:27:15,720 Speaker 1: support from across the Aisle. Uh. He's leaving office with 491 00:27:15,760 --> 00:27:18,520 Speaker 1: some of the highest approval ratings of any governor in 492 00:27:18,560 --> 00:27:21,159 Speaker 1: the country. A lot of your supporters and indeed the 493 00:27:21,160 --> 00:27:24,080 Speaker 1: state Republican Party called Charlie Baker Rhino, are they right? 494 00:27:25,840 --> 00:27:29,040 Speaker 1: Look I l I supported Charlie back in two two 495 00:27:30,280 --> 00:27:32,120 Speaker 1: eighteen when he ran for re election each of those 496 00:27:32,160 --> 00:27:35,600 Speaker 1: two times ran for election in fourteen and re election 497 00:27:35,640 --> 00:27:38,040 Speaker 1: in eighteen. The fact of the matter is Charlie Baker 498 00:27:38,080 --> 00:27:40,080 Speaker 1: has done the best that he can with a very 499 00:27:40,160 --> 00:27:44,440 Speaker 1: left leaning legislature that has delivered driver's licenses for illegals, 500 00:27:44,520 --> 00:27:47,639 Speaker 1: and he vetoed that they over wrote him anyway. You know, 501 00:27:47,720 --> 00:27:50,239 Speaker 1: that's the mentality that he's been having to fight for 502 00:27:50,280 --> 00:27:52,200 Speaker 1: a long time, and I think he's done the best 503 00:27:52,200 --> 00:27:54,440 Speaker 1: that he could. Obviously, there's some challenges still with the 504 00:27:54,560 --> 00:27:57,080 Speaker 1: m B t A. There's some challenges. I disagreed with 505 00:27:57,160 --> 00:27:59,359 Speaker 1: him on the vaccine mandates that forced people out of 506 00:27:59,400 --> 00:28:01,640 Speaker 1: their state job. We're going to return those people back 507 00:28:01,640 --> 00:28:04,360 Speaker 1: on day one. And I think there's you know, it's 508 00:28:04,359 --> 00:28:07,119 Speaker 1: okay to be have difference of opinions with governors. But 509 00:28:07,320 --> 00:28:08,760 Speaker 1: I think he's done the best that he could in 510 00:28:08,760 --> 00:28:11,199 Speaker 1: the time he served. He's the Republican nominee for the 511 00:28:11,240 --> 00:28:15,760 Speaker 1: Massachusetts gubernatorial election, running against Mora Healey, currently the Attorney General, 512 00:28:15,840 --> 00:28:18,120 Speaker 1: Jeff Deal. We thank you for being with us again 513 00:28:18,119 --> 00:28:24,119 Speaker 1: on Bloomberg. Thanks. I appreciated fascinating conversation for candidate who's 514 00:28:25,160 --> 00:28:29,320 Speaker 1: clearly in a very difficult fight here, and you know, 515 00:28:29,359 --> 00:28:32,399 Speaker 1: I was asking the questions, he was answering them. You 516 00:28:32,480 --> 00:28:35,760 Speaker 1: tend to get the pivot to inflation and some of 517 00:28:35,760 --> 00:28:39,680 Speaker 1: the other stories that have been working well for Republicans 518 00:28:39,880 --> 00:28:44,080 Speaker 1: on the trail instead of well what you just heard, 519 00:28:44,160 --> 00:28:47,040 Speaker 1: let's reassemble the panel. Rick Davis and Jeannie Chanzano are 520 00:28:47,080 --> 00:28:52,320 Speaker 1: here Bloomberg Politics contributors. Fascinating. Rick, I don't know how 521 00:28:52,360 --> 00:28:57,000 Speaker 1: you would have advised Jeff deal for a conversation like that. 522 00:28:57,920 --> 00:29:00,800 Speaker 1: But this is not a race for governor in Texas. 523 00:29:00,880 --> 00:29:05,520 Speaker 1: He's running in Massachusetts to replace one of I think 524 00:29:05,520 --> 00:29:07,960 Speaker 1: we could argue one of the most moderate Republican governors 525 00:29:08,080 --> 00:29:11,080 Speaker 1: and popular, by the way, in the country. How does 526 00:29:11,120 --> 00:29:15,240 Speaker 1: that square with what you just heard. Uh, I don't 527 00:29:15,240 --> 00:29:17,520 Speaker 1: know what he was running for. Um. She talked more 528 00:29:17,520 --> 00:29:20,240 Speaker 1: about Joe Biden than he did about Mourra Heally, I 529 00:29:20,280 --> 00:29:22,360 Speaker 1: think if I were twenty two points down, I'd be 530 00:29:22,440 --> 00:29:25,680 Speaker 1: focused on my opponent, not the president. UM. If he 531 00:29:25,680 --> 00:29:27,880 Speaker 1: thinks he's going to get a round swell support with 532 00:29:27,920 --> 00:29:30,960 Speaker 1: that kind of an act, you know, I I suggest he, 533 00:29:31,120 --> 00:29:33,440 Speaker 1: you know, maybe head down to the keys or someplace 534 00:29:33,480 --> 00:29:36,720 Speaker 1: and play golf and enjoy himself because he'll be unemployed, 535 00:29:36,960 --> 00:29:40,440 Speaker 1: you know, come November. UM. I really don't think those 536 00:29:40,600 --> 00:29:43,360 Speaker 1: messages are going to work in a state like Massachusetts. 537 00:29:43,400 --> 00:29:47,280 Speaker 1: Defending Donald Trump the way he just did, Yeah, what's 538 00:29:47,280 --> 00:29:49,120 Speaker 1: your take on this, genie. If you're more a heally, 539 00:29:49,200 --> 00:29:53,200 Speaker 1: this is what you want to hear, right, very very happy. 540 00:29:53,280 --> 00:29:56,320 Speaker 1: She's not only up by double digits, but the path 541 00:29:56,560 --> 00:29:59,640 Speaker 1: is very narrow for for Jeff Deal unfortunately. You know, 542 00:29:59,680 --> 00:30:01,800 Speaker 1: when you we're talking to him, I was thinking about 543 00:30:01,840 --> 00:30:04,640 Speaker 1: the debate between Abbot and O'Rourke the other day. Abbott 544 00:30:04,640 --> 00:30:07,040 Speaker 1: mentioned Joe Biden forty times. You know who he didn't 545 00:30:07,040 --> 00:30:09,560 Speaker 1: talk about. He didn't talk about Donald Trump, even down 546 00:30:09,600 --> 00:30:13,320 Speaker 1: in Texas, because it's Democrats that talk about Donald Trump. 547 00:30:13,360 --> 00:30:16,320 Speaker 1: Donald Trump is not a winning discussion item for Republicans 548 00:30:16,320 --> 00:30:19,640 Speaker 1: across the country. They talk inflation, they talk prices of gas, 549 00:30:19,640 --> 00:30:21,920 Speaker 1: they talk the economy, and you know what, if you're 550 00:30:21,920 --> 00:30:25,560 Speaker 1: gonna win a Republican governorship in Massachusetts, you are going 551 00:30:25,600 --> 00:30:27,960 Speaker 1: to be described as a rhino. And that's okay. That's 552 00:30:27,960 --> 00:30:30,240 Speaker 1: how you get a Bill Weld or Charlie Baker or 553 00:30:30,320 --> 00:30:32,840 Speaker 1: Mitt Romney. That's right, those are the names you just 554 00:30:32,960 --> 00:30:36,560 Speaker 1: rolled out there. Rick. You know the legacy of Republican 555 00:30:36,600 --> 00:30:40,600 Speaker 1: governors actually being quite successful. Now, granted, moderate Republicans being 556 00:30:40,640 --> 00:30:43,800 Speaker 1: successful in Massachusetts has seen as kind of a checker 557 00:30:43,880 --> 00:30:48,640 Speaker 1: balance to what is typically a very liberal legislature. There's 558 00:30:48,720 --> 00:30:52,640 Speaker 1: like five Republicans or something in the house. Um, that's 559 00:30:52,680 --> 00:30:56,440 Speaker 1: the way it goes there. But but for for Morea Healy, 560 00:30:56,520 --> 00:30:59,920 Speaker 1: I don't know, you remember the Scott Brown race, I'm sure, 561 00:31:00,680 --> 00:31:03,400 Speaker 1: and he had been counted out and the story was 562 00:31:03,440 --> 00:31:06,000 Speaker 1: one of complacency. Do is more Heally actually have to 563 00:31:06,040 --> 00:31:08,760 Speaker 1: be out knocking on doors when you're thirty five points ahead. 564 00:31:09,720 --> 00:31:13,240 Speaker 1: For sure, she shouldn't take anything for granted. She should 565 00:31:13,280 --> 00:31:14,960 Speaker 1: feel good about where the state of the race is 566 00:31:15,040 --> 00:31:18,360 Speaker 1: as far out and and yet, um the thing, you've 567 00:31:18,400 --> 00:31:22,680 Speaker 1: got to be impressed by voters in Massachusetts. They listen, uh, 568 00:31:22,880 --> 00:31:26,200 Speaker 1: their their will attuned to politics and and the issues, 569 00:31:26,760 --> 00:31:29,479 Speaker 1: and if you make a case to them, they'll consider you. 570 00:31:29,520 --> 00:31:32,920 Speaker 1: And that's how you've had those three Republican governors in 571 00:31:32,960 --> 00:31:36,640 Speaker 1: a laws you know, three decades who've been able to 572 00:31:36,640 --> 00:31:41,680 Speaker 1: to succeed in a predominantly democratic state. So um uh, 573 00:31:42,000 --> 00:31:45,120 Speaker 1: fair play uh and and make a good case. And 574 00:31:45,680 --> 00:31:51,640 Speaker 1: more Heally has an opportunity to to become governor based 575 00:31:51,720 --> 00:31:54,800 Speaker 1: on her appeal and how hard she works, and it's 576 00:31:54,840 --> 00:31:58,280 Speaker 1: all set up there for her. Um Uh. Look to 577 00:31:58,480 --> 00:32:01,680 Speaker 1: use an overused phrase, I know Charlie Baker, and deal 578 00:32:01,800 --> 00:32:05,880 Speaker 1: is no Charlie Baker. Well, fair enough, uh, Rick, that's 579 00:32:05,880 --> 00:32:08,240 Speaker 1: why you're here. And Jennie, you know, I don't know 580 00:32:08,280 --> 00:32:10,040 Speaker 1: if you're putting more a Healey out at tea, stops 581 00:32:10,080 --> 00:32:12,480 Speaker 1: to shake hands and so forth. She's got a lot 582 00:32:12,480 --> 00:32:16,120 Speaker 1: of money, she's got name recognition after many years as 583 00:32:16,160 --> 00:32:18,560 Speaker 1: attorney general. But I thought it was noteworthy that she 584 00:32:18,720 --> 00:32:24,720 Speaker 1: thanked Charlie Baker in her acceptance speech, almost acting as if, uh, 585 00:32:24,800 --> 00:32:28,360 Speaker 1: she was closer to Baker in the other party than 586 00:32:28,480 --> 00:32:31,120 Speaker 1: the nominee we just heard from. That's right. I mean, 587 00:32:31,200 --> 00:32:33,600 Speaker 1: she wants to show her moderate bona fide. She wants 588 00:32:33,640 --> 00:32:35,760 Speaker 1: to show that she can reach across the aisle. She 589 00:32:35,920 --> 00:32:39,520 Speaker 1: certainly doesn't want to repeat of Republicans winning as they have. 590 00:32:40,120 --> 00:32:44,000 Speaker 1: What is it, out of the last six governorships in Massachusetts, 591 00:32:44,000 --> 00:32:45,560 Speaker 1: five of them, if I had my numbers right, have 592 00:32:45,680 --> 00:32:49,040 Speaker 1: been Republican. So she's smart to do that. And you 593 00:32:49,120 --> 00:32:52,400 Speaker 1: see the party in her campaign. The ads are tying 594 00:32:52,840 --> 00:32:57,240 Speaker 1: her opponent to the you know, the the legitimacy of 595 00:32:57,240 --> 00:33:01,120 Speaker 1: the election issue, to his praise of Supreme Court justices. 596 00:33:01,160 --> 00:33:04,360 Speaker 1: Trump's named to the issue of abortion. So this is 597 00:33:04,400 --> 00:33:07,400 Speaker 1: where they're going, and she's got a smart team behind her, 598 00:33:07,480 --> 00:33:10,560 Speaker 1: and she's got a double digit lead in quite frankly 599 00:33:10,600 --> 00:33:12,880 Speaker 1: a year that should be a little tougher for Democrats. 600 00:33:13,400 --> 00:33:16,760 Speaker 1: Jennie Chanzano when Rick Davis our signature panel, we're gonna 601 00:33:16,800 --> 00:33:19,560 Speaker 1: turn to the visit to Florida. This is what everyone's 602 00:33:19,560 --> 00:33:21,440 Speaker 1: been waiting for us to talk about, right Biden to 603 00:33:21,560 --> 00:33:25,040 Speaker 1: Santis sharing a podium. I'm not going to tell you 604 00:33:25,040 --> 00:33:28,000 Speaker 1: if there was a hug or not. They papered over 605 00:33:28,120 --> 00:33:31,240 Speaker 1: their tensions as I read on the terminal, what would happen? 606 00:33:31,520 --> 00:33:35,400 Speaker 1: What could have gone wrong? Knowing that this was a 607 00:33:35,440 --> 00:33:38,960 Speaker 1: little dicey for both Joe Biden and Rohn De Santis. 608 00:33:39,000 --> 00:33:42,520 Speaker 1: The big visit, the presidential visit today to the state 609 00:33:42,520 --> 00:33:45,880 Speaker 1: of Florida, following, of course, Hurricane Ian, and we discussed, Look, 610 00:33:45,920 --> 00:33:49,880 Speaker 1: there's lots of this great history of pitfalls here, asked 611 00:33:49,920 --> 00:33:53,360 Speaker 1: Chris Christie, asked Charlie crist Who's to be running against 612 00:33:53,440 --> 00:33:56,960 Speaker 1: Rhonda Santis. But things seem to go fairly well here. 613 00:33:57,680 --> 00:33:59,920 Speaker 1: I don't know what the fallout will be for Rond 614 00:34:00,040 --> 00:34:04,160 Speaker 1: Santis necessarily, but everybody was cordial. Everybody was careful, and 615 00:34:04,160 --> 00:34:07,640 Speaker 1: I'll tell you now there was no hug. The Kayla 616 00:34:07,680 --> 00:34:10,720 Speaker 1: Gardner with the byline on the terminal Biden to Santist 617 00:34:10,800 --> 00:34:14,920 Speaker 1: paper over tensions. In visit to Ian ravaged area, the 618 00:34:14,920 --> 00:34:20,480 Speaker 1: President toured with the press pool from a couple of helicopters, 619 00:34:20,640 --> 00:34:23,719 Speaker 1: came back down, got a briefing with the Santis, and 620 00:34:23,760 --> 00:34:26,920 Speaker 1: then held a news conference series. We're one of the 621 00:34:26,920 --> 00:34:29,160 Speaker 1: few nations in the world that, on the basis of 622 00:34:29,239 --> 00:34:32,439 Speaker 1: a crisis we face, we're the only nation that comes 623 00:34:32,480 --> 00:34:34,759 Speaker 1: out of it better than we went into it. And 624 00:34:34,760 --> 00:34:36,960 Speaker 1: that's what we're gonna do this time around, come out 625 00:34:36,960 --> 00:34:39,560 Speaker 1: of it better because we're this is the United States 626 00:34:39,560 --> 00:34:43,040 Speaker 1: of America, and I emphasize united. This is after he 627 00:34:43,120 --> 00:34:45,400 Speaker 1: was warmly greeted not at the airport, but but but 628 00:34:45,520 --> 00:34:50,920 Speaker 1: in person by for this event. Rhoda Santis, big open 629 00:34:51,040 --> 00:34:54,400 Speaker 1: hand handshake. Mr President, thank you for coming. Here's what 630 00:34:54,440 --> 00:34:57,840 Speaker 1: he had to say. We were very fortunate to have 631 00:34:57,920 --> 00:35:02,400 Speaker 1: good coordination with White House and with FEMA from the 632 00:35:02,480 --> 00:35:05,080 Speaker 1: very beginning of this. We declared a state of emergency 633 00:35:05,600 --> 00:35:10,319 Speaker 1: last Friday, September. This wasn't even this was a disturbance 634 00:35:10,719 --> 00:35:13,360 Speaker 1: out there by Columbia. And then the next day we 635 00:35:13,480 --> 00:35:17,080 Speaker 1: got a major disaster declaration approved by the President and 636 00:35:17,120 --> 00:35:20,160 Speaker 1: we really appreciated that. So how does that hit you? 637 00:35:21,840 --> 00:35:28,799 Speaker 1: After all the silliness and the political theatrics frequently on 638 00:35:28,960 --> 00:35:33,560 Speaker 1: both sides of the aisle, it reminds us that so 639 00:35:33,640 --> 00:35:36,160 Speaker 1: much of it as an act. Let's reassemble the panel, 640 00:35:36,200 --> 00:35:40,239 Speaker 1: Jeannie Schanzano, when Rip Davis are back with us, how 641 00:35:40,320 --> 00:35:42,680 Speaker 1: they do today? Rick? Is that the way you would 642 00:35:42,680 --> 00:35:46,759 Speaker 1: have advised both sides here? Yeah? No, this was just 643 00:35:46,880 --> 00:35:49,560 Speaker 1: a good day for both leaders. Um. You know, so 644 00:35:49,640 --> 00:35:52,520 Speaker 1: much of this kind of event can result in self 645 00:35:52,520 --> 00:35:57,160 Speaker 1: inflicted wounds. I'll George W. Bush going to Katrina. I mean, 646 00:35:57,360 --> 00:36:00,000 Speaker 1: you know, it wasn't the situation that caused the problems. 647 00:36:00,000 --> 00:36:02,600 Speaker 1: He caused himself a problem. And so the fact that 648 00:36:03,360 --> 00:36:07,520 Speaker 1: President Biden acted presidential, said all the right things, Governor 649 00:36:07,600 --> 00:36:11,040 Speaker 1: to Santis, led the state and appreciated the federal assistance. 650 00:36:11,280 --> 00:36:12,880 Speaker 1: I mean, this is what it's supposed to be like. 651 00:36:12,960 --> 00:36:16,520 Speaker 1: So no, no self inflicted wounds and a good day 652 00:36:16,560 --> 00:36:19,120 Speaker 1: for the United States of America. Yeah, So, how silly 653 00:36:19,120 --> 00:36:21,279 Speaker 1: will they look when they go back to spitballing at 654 00:36:21,320 --> 00:36:25,200 Speaker 1: each other? Jennie, Well, we will remember back to this 655 00:36:25,480 --> 00:36:29,600 Speaker 1: rare moment of bipartisanship immunity. Only a hurricane could bring 656 00:36:29,640 --> 00:36:33,279 Speaker 1: Republicans and Democrats together in the US. UM. But here's 657 00:36:33,320 --> 00:36:35,160 Speaker 1: what I'm gonna do, Joe. I'm going to keep watching 658 00:36:35,200 --> 00:36:38,319 Speaker 1: Truth Social because Donald Trump was out today talking about 659 00:36:38,360 --> 00:36:41,360 Speaker 1: a nation in decline, the fact that we're a failing nation, 660 00:36:41,760 --> 00:36:45,400 Speaker 1: attacking Biden. He didn't name the Santists by name yet, 661 00:36:45,440 --> 00:36:47,320 Speaker 1: but I think that's one of the issues that the 662 00:36:47,400 --> 00:36:51,240 Speaker 1: Santists may face, is a question of whether Trump attacks 663 00:36:51,320 --> 00:36:54,880 Speaker 1: him for the collegiality. And I think and I agree 664 00:36:54,920 --> 00:36:57,560 Speaker 1: with Rick, that they were right to act this way, 665 00:36:57,600 --> 00:36:59,520 Speaker 1: that they were being the adults in the room. So 666 00:36:59,560 --> 00:37:01,719 Speaker 1: we'll see if Donald Trump comes back and attacks to 667 00:37:01,800 --> 00:37:05,600 Speaker 1: Santis for this cooperation with the Biden administration, because we 668 00:37:05,640 --> 00:37:09,520 Speaker 1: know that he's bothered by Rhonda Santis right that that 669 00:37:09,640 --> 00:37:11,920 Speaker 1: you know, Trump would love to find an opening here, actually, 670 00:37:11,960 --> 00:37:15,719 Speaker 1: wouldn't he, Rick, Uh, you know, Trump looks for an 671 00:37:15,760 --> 00:37:18,760 Speaker 1: opening and everywhere, get it, everything is about Donald Trump. 672 00:37:18,800 --> 00:37:22,280 Speaker 1: He would actually see somehow that this is about him. 673 00:37:22,400 --> 00:37:25,480 Speaker 1: Uh makes no sense, but uh so much of what 674 00:37:25,560 --> 00:37:27,759 Speaker 1: he does doesn't m I think you got to keep 675 00:37:27,760 --> 00:37:29,840 Speaker 1: focused on the fact that this is going to be 676 00:37:29,880 --> 00:37:34,400 Speaker 1: a herculean effort to get the west coast of Florida 677 00:37:34,440 --> 00:37:37,880 Speaker 1: back on its legs. It's gonna take hundreds of billions, 678 00:37:37,920 --> 00:37:41,520 Speaker 1: tens of billions of dollars and a combined federal state 679 00:37:41,560 --> 00:37:46,200 Speaker 1: initiative with the commercial UH industry coming to the table 680 00:37:46,320 --> 00:37:50,320 Speaker 1: to really uh get that state back on track. And 681 00:37:50,080 --> 00:37:52,600 Speaker 1: and I think the ASTI here is whether or not 682 00:37:52,880 --> 00:37:56,560 Speaker 1: George or whether or not Donald Trump UH is happy 683 00:37:56,600 --> 00:37:59,799 Speaker 1: about it or not? Who cares? Well, that's right. I 684 00:37:59,840 --> 00:38:03,840 Speaker 1: just wonder if there are midterm implications here, Jeanie. Is 685 00:38:03,880 --> 00:38:06,719 Speaker 1: that just a wash today or do Democrats actually get 686 00:38:06,760 --> 00:38:09,440 Speaker 1: good marks for showing up And by that I mean 687 00:38:09,480 --> 00:38:13,080 Speaker 1: the administration of course showing up in Florida and and 688 00:38:13,080 --> 00:38:16,040 Speaker 1: and being adults. You know. I'm not sure there will 689 00:38:16,040 --> 00:38:20,279 Speaker 1: be mid term implications directly because we're only five weeks out, um, 690 00:38:20,320 --> 00:38:21,920 Speaker 1: and so I think a lot of it depends on 691 00:38:21,960 --> 00:38:24,480 Speaker 1: what happens in the many many months, if not years 692 00:38:24,520 --> 00:38:27,960 Speaker 1: going forward. Is this recovery effort continues. I do think 693 00:38:28,040 --> 00:38:30,960 Speaker 1: it has given the governor an opportunity to show that 694 00:38:31,000 --> 00:38:33,279 Speaker 1: he is competent, that he is an executive that he 695 00:38:33,320 --> 00:38:35,680 Speaker 1: can handle a crisis, not just to people in his 696 00:38:35,719 --> 00:38:38,520 Speaker 1: own state, but as he thinks about twenty four two 697 00:38:38,520 --> 00:38:41,239 Speaker 1: people around the country who may not be as familiar 698 00:38:41,280 --> 00:38:43,719 Speaker 1: with Round de Santist or who may only know him 699 00:38:43,760 --> 00:38:47,480 Speaker 1: as a guy sending you know, asylum seekers uh to 700 00:38:47,600 --> 00:38:50,080 Speaker 1: far from places. So all of a sudden, he's got 701 00:38:50,120 --> 00:38:52,440 Speaker 1: to be less political, if you will, and more the 702 00:38:52,480 --> 00:38:55,040 Speaker 1: governor and the person who knows how to deal with 703 00:38:55,360 --> 00:38:58,200 Speaker 1: a crisis and and and address the needs of his citizens. 704 00:38:58,200 --> 00:39:00,600 Speaker 1: So that's potentially good for him. Of course, a lot 705 00:39:00,640 --> 00:39:04,160 Speaker 1: of it depends on what happens going forward. Um, there's 706 00:39:04,200 --> 00:39:07,360 Speaker 1: so many issues that impact the midterms, everything from infrastructure 707 00:39:07,400 --> 00:39:11,680 Speaker 1: to housing, to insurance to issues of energy and green issues. 708 00:39:12,000 --> 00:39:15,200 Speaker 1: I'm not sure those will resonate directly in this race, though, 709 00:39:15,200 --> 00:39:17,600 Speaker 1: because so many other things are at play. It's interesting 710 00:39:17,640 --> 00:39:19,279 Speaker 1: when you think of how many of those connects to 711 00:39:19,560 --> 00:39:23,200 Speaker 1: climate as well. Um, but did you guys both see 712 00:39:23,239 --> 00:39:26,440 Speaker 1: the boots. You see the white rubber knee high boots 713 00:39:27,400 --> 00:39:30,000 Speaker 1: that he was wearing. He tucked the jeans into them. 714 00:39:30,120 --> 00:39:32,880 Speaker 1: Am I the only one who saw this? Because somebody 715 00:39:32,880 --> 00:39:34,839 Speaker 1: on the campaign has got to be advising they should 716 00:39:34,880 --> 00:39:37,080 Speaker 1: have Rick, they should have held up a picture of 717 00:39:37,080 --> 00:39:41,680 Speaker 1: Michael Ducoccus. Now, well, he wasn't wearing a funny helmet, 718 00:39:41,760 --> 00:39:44,840 Speaker 1: that's for sure. And I don't know if I would 719 00:39:45,000 --> 00:39:49,680 Speaker 1: characterize his boots selection is off color. But but look, 720 00:39:49,719 --> 00:39:52,480 Speaker 1: I mean, just picking up where Jeanne left off, this 721 00:39:52,560 --> 00:39:54,719 Speaker 1: was a really good day for Rhonda Santis. You know, 722 00:39:54,880 --> 00:39:57,919 Speaker 1: like he got to look like he was cutting deals 723 00:39:57,920 --> 00:39:59,719 Speaker 1: with the federal government in the president of States and 724 00:39:59,760 --> 00:40:01,879 Speaker 1: helped in the state of Florida. This isn't a great 725 00:40:01,920 --> 00:40:03,759 Speaker 1: day for Charlie christ you know. I mean when you 726 00:40:03,800 --> 00:40:06,279 Speaker 1: talk about the implications, you know, there are a lot 727 00:40:06,280 --> 00:40:08,959 Speaker 1: of expectations that he could put a run together, and 728 00:40:09,280 --> 00:40:11,239 Speaker 1: this is you know, it's not gonna have been a 729 00:40:11,280 --> 00:40:14,640 Speaker 1: week since anybody even heard his name. So that's not great. 730 00:40:14,840 --> 00:40:16,960 Speaker 1: You know, four weeks out from an election. Well that's 731 00:40:16,960 --> 00:40:20,920 Speaker 1: real political fallout. Would you wear boots like that, Genie yourself? 732 00:40:20,920 --> 00:40:25,319 Speaker 1: And I'm guessing though I probably wouldn't myself. I don't 733 00:40:25,320 --> 00:40:27,440 Speaker 1: think anybody would need to see me in those boots. 734 00:40:27,480 --> 00:40:30,560 Speaker 1: But you know why, you got you can pull them off. 735 00:40:30,680 --> 00:40:34,480 Speaker 1: I feel like you could pull them off. Of course, absolutely, 736 00:40:34,800 --> 00:40:36,840 Speaker 1: Rick and Jennie for just a couple of more moments. 737 00:40:37,280 --> 00:40:39,839 Speaker 1: You know, we like to feel good about things sometimes, 738 00:40:39,840 --> 00:40:45,080 Speaker 1: and the silver lining so frequently comes from the same source. Yeah, 739 00:40:45,080 --> 00:40:47,000 Speaker 1: I'll send you a picture of the Boots Rick that 740 00:40:47,120 --> 00:40:52,160 Speaker 1: sources NASA and by extension SpaceX in many cases. We 741 00:40:52,200 --> 00:40:54,279 Speaker 1: had a big launch today and there was something very 742 00:40:54,320 --> 00:41:01,880 Speaker 1: special involved. All right, let's wind it up, let's listen. Yes, 743 00:41:06,480 --> 00:41:10,440 Speaker 1: it clears the pad beautiful launched for the International Space 744 00:41:10,480 --> 00:41:16,520 Speaker 1: Station masis. I love listening to these guys in the 745 00:41:18,040 --> 00:41:22,000 Speaker 1: control They'll get to the space stations Thursday after that 746 00:41:22,120 --> 00:41:27,279 Speaker 1: launch from NASA's Kennedy Space Center. That, of course, yes, 747 00:41:27,320 --> 00:41:29,920 Speaker 1: stage one propulsion. You heard it and saw it of 748 00:41:29,960 --> 00:41:34,080 Speaker 1: course on Bloomberg. They'll come back to Earth in March. 749 00:41:34,160 --> 00:41:37,880 Speaker 1: But for the first time in twenty years, a Russian 750 00:41:37,960 --> 00:41:42,240 Speaker 1: cosmonaut went from the United States launched from the US 751 00:41:42,360 --> 00:41:48,480 Speaker 1: here to space. Japanese uh astronauts were also alongside. But 752 00:41:48,560 --> 00:41:53,560 Speaker 1: the fact that Russia's lone female cosmonaut, Anna Kakina, if 753 00:41:53,560 --> 00:41:59,120 Speaker 1: I'm saying it right, Jennie, makes us realize sometimes that 754 00:41:59,160 --> 00:42:02,200 Speaker 1: we're just people. It right, that's right. And another you know, 755 00:42:02,239 --> 00:42:04,920 Speaker 1: a moment of cooperation following on the one we're just 756 00:42:04,960 --> 00:42:07,719 Speaker 1: talking about, but this one international at a time when 757 00:42:07,760 --> 00:42:10,359 Speaker 1: there's been so much tension in the space program as 758 00:42:10,360 --> 00:42:13,160 Speaker 1: a result of the Russian invasion of Ukraine, you know, 759 00:42:13,200 --> 00:42:16,279 Speaker 1: it is really good to see that this happened. And 760 00:42:16,320 --> 00:42:19,719 Speaker 1: of course we've also got a female commander, Nicole Man, 761 00:42:19,760 --> 00:42:23,960 Speaker 1: who's an absolutely, you know, astonishingly an impressive woman when 762 00:42:24,000 --> 00:42:26,880 Speaker 1: you look at her background, and the first Native American 763 00:42:26,960 --> 00:42:29,040 Speaker 1: to fly in space and I think the first female 764 00:42:29,080 --> 00:42:32,399 Speaker 1: SpaceX flight, so you know, to command to SpaceX flight. 765 00:42:32,480 --> 00:42:34,719 Speaker 1: So what a day to day to see them all 766 00:42:34,800 --> 00:42:37,399 Speaker 1: go up and Joe her pilot call sign is Duke, 767 00:42:37,640 --> 00:42:40,320 Speaker 1: so there. You know, it's pretty great stuff. Rick, and 768 00:42:40,360 --> 00:42:45,360 Speaker 1: our remaining seconds. NASA has a way of e racing borders. Yeah, 769 00:42:45,400 --> 00:42:49,120 Speaker 1: the world is all one border to them, and I 770 00:42:49,200 --> 00:42:53,040 Speaker 1: think that's important that we keep some level of UH 771 00:42:53,160 --> 00:42:55,680 Speaker 1: cooperation regardless. Bloomberg