1
00:00:03,120 --> 00:00:08,440
Speaker 1: Broadcasting live to New York Bloomberg eleventh, to Washington, d C. Bloomberg,

2
00:00:09,360 --> 00:00:13,319
Speaker 1: to Boston Bloomberg twelve honors, to San Francisco Bloomberg n

3
00:00:14,040 --> 00:00:17,639
Speaker 1: to the Country Series Exam Channel one ninety and around

4
00:00:17,680 --> 00:00:21,120
Speaker 1: the globe the Bloomberg Radio post Aben Bloomberg dot com.

5
00:00:21,280 --> 00:00:25,360
Speaker 1: This is Bloomberg Surveillance. Good morning at seven thirty on

6
00:00:25,360 --> 00:00:28,720
Speaker 1: Wall Street. I'm Michael McKee along with Franci Laquax today

7
00:00:28,800 --> 00:00:32,479
Speaker 1: in for the vacationing Tom Keene, Tom missing. Sort of

8
00:00:32,520 --> 00:00:35,040
Speaker 1: a down day in the markets. SMP features off by

9
00:00:35,040 --> 00:00:38,360
Speaker 1: two points right now, a tenth of eight percent KKR.

10
00:00:39,240 --> 00:00:42,040
Speaker 1: Some financials still reporting lost for the first quarter. Its

11
00:00:42,080 --> 00:00:46,320
Speaker 1: biggest investment payments, processor First Data lost a fifth of

12
00:00:46,320 --> 00:00:49,720
Speaker 1: its value KKR uh sixty cents to share, short of

13
00:00:49,760 --> 00:00:54,040
Speaker 1: the average thirty three cents. A major story looks like

14
00:00:54,080 --> 00:00:58,959
Speaker 1: it is breaking right now on the Bloomberg terminal. Ghannette

15
00:00:59,160 --> 00:01:03,600
Speaker 1: is proposing to Tribune Publishing twelve and a half billion dollars.

16
00:01:04,440 --> 00:01:08,039
Speaker 1: We will continue to follow that story as the details

17
00:01:08,080 --> 00:01:11,000
Speaker 1: start to come out. Ghanette says they offers a sixty

18
00:01:11,080 --> 00:01:17,160
Speaker 1: three premium to Tribunes April close. Let me get that

19
00:01:17,280 --> 00:01:23,959
Speaker 1: for you. Uh um wash at that point seven dollars

20
00:01:23,959 --> 00:01:29,399
Speaker 1: and fifty two cents so share uh for the Gannette

21
00:01:29,520 --> 00:01:34,119
Speaker 1: offer to Tribune Publishing. More on that coming up as

22
00:01:34,120 --> 00:01:37,720
Speaker 1: we get more details. Also, might want to mention today

23
00:01:38,000 --> 00:01:41,880
Speaker 1: that Xerox came out with earnings this morning million twenty

24
00:01:41,920 --> 00:01:45,000
Speaker 1: two cents a share. Didn't meet well street expectations twenty

25
00:01:45,040 --> 00:01:47,600
Speaker 1: three cents a share. Let's talk in with Michael Barr

26
00:01:47,640 --> 00:01:50,880
Speaker 1: now and get the latest world and national headlines. Michael Blank,

27
00:01:50,920 --> 00:01:53,520
Speaker 1: thank you very much. President Obama says he's sending up

28
00:01:53,560 --> 00:01:56,200
Speaker 1: to two fifty more troops to Syria. They helped the

29
00:01:56,200 --> 00:01:59,160
Speaker 1: fight against the Islamic State group. The President sends the

30
00:01:59,200 --> 00:02:02,920
Speaker 1: additional troops added to the fifty already there, will keep

31
00:02:03,000 --> 00:02:05,960
Speaker 1: up this momentum against the Islamic State. Right now, the

32
00:02:05,960 --> 00:02:09,600
Speaker 1: most urgent threat to our nations is Ice, and that's

33
00:02:09,600 --> 00:02:13,240
Speaker 1: why we're united in our determination to destroy it, and

34
00:02:13,360 --> 00:02:16,520
Speaker 1: all twenty eight NATO allies are contributing to our coalition.

35
00:02:17,080 --> 00:02:20,079
Speaker 1: President Obama made the announcement at a trade fair today

36
00:02:20,120 --> 00:02:24,280
Speaker 1: and Hanover Germany. The Obama administration will likely release part

37
00:02:24,600 --> 00:02:27,239
Speaker 1: of a twenty eight page secret chapter from a Congressional

38
00:02:27,280 --> 00:02:30,760
Speaker 1: inquiry into the nine eleven attacks. Bob Graham, who was

39
00:02:30,800 --> 00:02:33,600
Speaker 1: the co chairman of that bipartisan panel, and others say

40
00:02:33,720 --> 00:02:37,440
Speaker 1: the documents point suspicion. At the Southeast Global News twenty

41
00:02:37,440 --> 00:02:40,560
Speaker 1: four hours a day, powered by our twenty four hundred

42
00:02:40,639 --> 00:02:43,680
Speaker 1: journalists and more than one fifty news bureaus from around

43
00:02:43,680 --> 00:02:47,200
Speaker 1: the world. I'm Michael Barr, Mike, thank you, Michaelson, now

44
00:02:47,440 --> 00:02:52,640
Speaker 1: for the blue Berg. NBC Sports update. John Stashaw, Alright,

45
00:02:52,680 --> 00:02:55,680
Speaker 1: my biggest reason the Islanders advancing in the Stanley Cup playoffs.

46
00:02:55,680 --> 00:02:57,200
Speaker 1: They've got one of the best players in the NHL

47
00:02:57,280 --> 00:02:59,440
Speaker 1: in Brooklyn. Last night. The Islands were shut out for

48
00:02:59,560 --> 00:03:03,200
Speaker 1: fifty nine minutes, but John Tavera scored with fifty four

49
00:03:03,240 --> 00:03:05,880
Speaker 1: seconds left to tie the game. Then he scored again.

50
00:03:06,280 --> 00:03:10,280
Speaker 1: Aisles over Florida to one and over double overtime, just

51
00:03:10,440 --> 00:03:12,720
Speaker 1: as they did in Game five. It's their first playoff

52
00:03:12,800 --> 00:03:16,720
Speaker 1: series victory since nine. They'll now play Tampa Bay after

53
00:03:16,760 --> 00:03:20,160
Speaker 1: two losses. Washington finally finished off Philadelphia one. Nothing should

54
00:03:20,160 --> 00:03:22,840
Speaker 1: be a great series. Caps and Pittsburgh Penguins off the

55
00:03:22,880 --> 00:03:26,080
Speaker 1: dismantling of the Rangers. Dallas held on Minnesota four goals

56
00:03:26,080 --> 00:03:28,040
Speaker 1: in the third period, but the Stars won five four,

57
00:03:28,280 --> 00:03:30,320
Speaker 1: win the series and six up next the winner of

58
00:03:30,360 --> 00:03:33,640
Speaker 1: tonight's Game seven befew chicagoan St. Louis NBA South has

59
00:03:33,720 --> 00:03:36,360
Speaker 1: came from sixteen down being Atlanta overtime. It's by forty

60
00:03:36,360 --> 00:03:38,839
Speaker 1: five points in the h Paul MILLSAP series is tied

61
00:03:38,840 --> 00:03:41,360
Speaker 1: a to Cleveland and San Antonio both won to complete

62
00:03:41,360 --> 00:03:44,160
Speaker 1: series sweep. Golden State's up three one on Houston, but

63
00:03:44,240 --> 00:03:47,600
Speaker 1: Steph Curry heard his knee m ri I today Mets

64
00:03:47,640 --> 00:03:50,360
Speaker 1: one three to in Atlanta. Yankees beaten by Tampa Bay

65
00:03:50,360 --> 00:03:53,240
Speaker 1: eight to one. With the bloom Bird NBC Sports Update,

66
00:03:53,280 --> 00:03:56,520
Speaker 1: I'm John Stamp, Thank you John mort Now on this

67
00:03:56,640 --> 00:03:59,400
Speaker 1: Cannet offer to buy Tribute Publishing. It looks like it's

68
00:03:59,440 --> 00:04:03,600
Speaker 1: a host to take over. Apparently Gannette made the proposal

69
00:04:03,720 --> 00:04:06,800
Speaker 1: earlier in the month to the Tribune people and they

70
00:04:06,840 --> 00:04:10,480
Speaker 1: have so far refused to accept it. Much more coming

71
00:04:10,560 --> 00:04:15,000
Speaker 1: up here on Bloomberg Surveillance. Gnnett proposes to bude Tribune Publishing.

72
00:04:19,920 --> 00:04:25,280
Speaker 1: No real reaction to the Gonnett deal in the markets yet,

73
00:04:25,400 --> 00:04:29,080
Speaker 1: but we're watching over all markets a little bit lower

74
00:04:29,160 --> 00:04:31,679
Speaker 1: on the day, and this is Bloomberg's Bounce. I'm Michael McKee,

75
00:04:31,680 --> 00:04:34,640
Speaker 1: Francie Lackwa today sitting in for Tom Keene s ANDP

76
00:04:34,680 --> 00:04:36,920
Speaker 1: Futures down by two points a tenth of a percent.

77
00:04:37,200 --> 00:04:40,719
Speaker 1: Stockis hundred down a point. That's a three tenths decline.

78
00:04:41,520 --> 00:04:44,600
Speaker 1: Time now for the Bloomberg n j I T STEM Report,

79
00:04:44,640 --> 00:04:47,200
Speaker 1: brought to you by New Jersey Institute of Technology, investing

80
00:04:47,200 --> 00:04:49,080
Speaker 1: more than a hundred and ten million dollars a year

81
00:04:49,120 --> 00:04:52,159
Speaker 1: and applied research to solve problems that improve life. Learn

82
00:04:52,160 --> 00:04:55,400
Speaker 1: more stories of innovation dot nj I T dot EU.

83
00:04:55,720 --> 00:04:57,960
Speaker 1: Here's John Tucker. Yeah, let's see what's making news and

84
00:04:58,040 --> 00:05:03,440
Speaker 1: science technology engineering add math. The digital music landscape becoming

85
00:05:03,480 --> 00:05:07,680
Speaker 1: increasingly complex as artists game were control over how old

86
00:05:07,720 --> 00:05:11,800
Speaker 1: where their songs get played. A case in point Beyonce's

87
00:05:11,839 --> 00:05:15,320
Speaker 1: decision to release your new album Lemonade via subscription streaming

88
00:05:15,320 --> 00:05:19,320
Speaker 1: service Title the latest demonstration of superstars power to withhold

89
00:05:19,360 --> 00:05:22,480
Speaker 1: their music and the fissures in the digital music market.

90
00:05:22,839 --> 00:05:24,920
Speaker 1: The move was a big win for Title, which trails

91
00:05:25,000 --> 00:05:28,240
Speaker 1: large rivals and subscribers. The company says it will have

92
00:05:28,279 --> 00:05:32,240
Speaker 1: an exclusive streaming version in perpetuity. The music service, of

93
00:05:32,279 --> 00:05:35,920
Speaker 1: which Beyonce is part owner, has three million subscribers compared

94
00:05:35,960 --> 00:05:39,839
Speaker 1: to Spotify's thirty million paying users and eleven million of

95
00:05:39,960 --> 00:05:43,680
Speaker 1: Apple Music. Fords CEO says he's working on the assumption

96
00:05:43,720 --> 00:05:46,280
Speaker 1: that it's major rivals in the future may not be

97
00:05:46,440 --> 00:05:50,440
Speaker 1: General Motors or Chrysler, but Google and Apple. In an

98
00:05:50,480 --> 00:05:53,960
Speaker 1: interview with the BBC, Mark Field says are working assumption

99
00:05:54,040 --> 00:05:56,919
Speaker 1: is that Apple is probably building a car and that

100
00:05:57,000 --> 00:05:59,200
Speaker 1: provides us with the rite motivation of make sure we

101
00:05:59,240 --> 00:06:02,160
Speaker 1: stay very focus not only on the product, but overall

102
00:06:02,279 --> 00:06:05,960
Speaker 1: on the experience that the customers interacting with the product

103
00:06:06,040 --> 00:06:08,880
Speaker 1: and the services that we have, and that is today's

104
00:06:08,920 --> 00:06:12,839
Speaker 1: Bloomberg and j I. T. Stamp report. Michael, thank you,

105
00:06:12,920 --> 00:06:16,560
Speaker 1: John Well. It has been an interesting twenty four hours

106
00:06:16,640 --> 00:06:20,839
Speaker 1: in the Republican presidential campaign. We had one of the

107
00:06:20,880 --> 00:06:24,880
Speaker 1: most conservative Republican donors of men, who has spent billions

108
00:06:24,880 --> 00:06:29,479
Speaker 1: of dollars trying to influence races on behalf of conservative Republicans,

109
00:06:29,600 --> 00:06:33,200
Speaker 1: Charles coch Coke, saying that maybe he would prefer to

110
00:06:33,279 --> 00:06:36,480
Speaker 1: vote for Hillary over the three candidates who are in

111
00:06:36,520 --> 00:06:39,039
Speaker 1: the race on the Republican side, and then two of

112
00:06:39,040 --> 00:06:43,000
Speaker 1: those candidates last night announced that they're going to work

113
00:06:43,040 --> 00:06:47,160
Speaker 1: together to try to stop Donald Trump. John Kasik will

114
00:06:47,279 --> 00:06:50,720
Speaker 1: focus on New Mexico and Oregon and let Ted Cruz

115
00:06:50,800 --> 00:06:53,839
Speaker 1: have the field all to himself in Indiana. What to

116
00:06:53,920 --> 00:06:56,840
Speaker 1: make of it all? We turned to Greg viat Now,

117
00:06:57,000 --> 00:07:02,560
Speaker 1: his Horizon Investments chief political strategy. Just a UM, I

118
00:07:02,560 --> 00:07:06,600
Speaker 1: don't know whether you're laughing, crying, or just shaking your

119
00:07:06,640 --> 00:07:10,080
Speaker 1: head at this point. But if you thought the political

120
00:07:10,160 --> 00:07:15,239
Speaker 1: race couldn't get any weirder, absolutely it does get weird.

121
00:07:15,280 --> 00:07:17,800
Speaker 1: Or I think there's deal, Mike, and good morning. This

122
00:07:17,960 --> 00:07:22,280
Speaker 1: deal between k and Cruise is a little too late.

123
00:07:22,400 --> 00:07:26,280
Speaker 1: It's a hail Mary. It's designed perhaps to have a

124
00:07:26,280 --> 00:07:29,840
Speaker 1: firewall in Indiana. But I gotta tell you tomorrow night,

125
00:07:30,040 --> 00:07:33,760
Speaker 1: Trump is going to have five really impressive victories. And

126
00:07:33,840 --> 00:07:36,200
Speaker 1: I think if Cruise and case It really wanted to

127
00:07:36,240 --> 00:07:42,080
Speaker 1: do this, they should have done it about six weeks ago. Well, uh, Indiana.

128
00:07:42,160 --> 00:07:44,600
Speaker 1: According to a number of the people who like to

129
00:07:44,640 --> 00:07:49,440
Speaker 1: crunch numbers and figure out delicate counts, maybe the decisive

130
00:07:50,240 --> 00:07:54,440
Speaker 1: race if Donald Trump can't sweep it, there's a feeling

131
00:07:54,440 --> 00:07:56,640
Speaker 1: that it is going to be harder for him to

132
00:07:56,800 --> 00:08:01,560
Speaker 1: come up with a first spell at victory. So can

133
00:08:01,680 --> 00:08:06,440
Speaker 1: Cruise make enough in roads there to do that? Maybe?

134
00:08:06,520 --> 00:08:09,880
Speaker 1: But I think you have to consider Trump the favorite.

135
00:08:09,920 --> 00:08:13,880
Speaker 1: And I guarantee you the headlines on Wednesday morning will be,

136
00:08:14,120 --> 00:08:16,520
Speaker 1: you know, all a momentum with Trump. And you know

137
00:08:16,600 --> 00:08:19,240
Speaker 1: this deal on my last night between the two of

138
00:08:19,240 --> 00:08:22,560
Speaker 1: them did not apply to the two big races on

139
00:08:22,680 --> 00:08:26,360
Speaker 1: June seven, California a hundred and seventy two delegates, New

140
00:08:26,440 --> 00:08:29,960
Speaker 1: Jersey about a hundred and fifty delegates. I suspect Trump

141
00:08:30,000 --> 00:08:33,000
Speaker 1: will do very well in both of those races. Well,

142
00:08:34,200 --> 00:08:39,760
Speaker 1: if Trump manages to uh do very well, does well,

143
00:08:39,840 --> 00:08:41,520
Speaker 1: Let's just put it this way, where do you think

144
00:08:41,520 --> 00:08:44,200
Speaker 1: he is in terms of being able to get to

145
00:08:44,320 --> 00:08:47,360
Speaker 1: a first ballot win? I feel pretty confident that he

146
00:08:47,400 --> 00:08:50,120
Speaker 1: can go to Cleveland with at least twelve hundred you

147
00:08:50,160 --> 00:08:52,760
Speaker 1: need twelve thirty seven. Are they going to deny him

148
00:08:52,760 --> 00:08:55,840
Speaker 1: the nomination if he's three dozen short. If he goes

149
00:08:55,880 --> 00:08:59,040
Speaker 1: to Cleveland with well over three million more votes than

150
00:08:59,080 --> 00:09:02,240
Speaker 1: any other republic again, hells cream, bloody murder. And my

151
00:09:02,400 --> 00:09:06,720
Speaker 1: sense is that by claiming the process is rigged, Trump

152
00:09:06,800 --> 00:09:09,720
Speaker 1: is gained support. I think people believe that it's rigged

153
00:09:10,360 --> 00:09:13,720
Speaker 1: well is it's it's obviously it's not rigged. Trump's lying

154
00:09:13,760 --> 00:09:16,040
Speaker 1: about that. The rules have been placed in place for

155
00:09:16,040 --> 00:09:20,480
Speaker 1: a long time. And Rince Previous, the Republican National Committee chairman,

156
00:09:20,559 --> 00:09:23,880
Speaker 1: said again over the weekend, you get twelve thirty seven,

157
00:09:24,000 --> 00:09:26,240
Speaker 1: or you don't get the nomination. We don't give it

158
00:09:26,280 --> 00:09:29,920
Speaker 1: to you just because you're close. Yeah, I and he

159
00:09:30,200 --> 00:09:33,280
Speaker 1: he said that, I saw the interview. But I think again,

160
00:09:33,320 --> 00:09:36,160
Speaker 1: if Trump gets to Cleveland real close, Uh, it's going

161
00:09:36,160 --> 00:09:39,920
Speaker 1: to be awfully difficult to deny him the nomination. And

162
00:09:39,960 --> 00:09:41,760
Speaker 1: I think the party has to worry that if they

163
00:09:41,800 --> 00:09:44,959
Speaker 1: do deny him the nomination, a huge chunk of voters

164
00:09:44,960 --> 00:09:48,120
Speaker 1: will set at home, maybe even consider a third party.

165
00:09:49,280 --> 00:09:53,439
Speaker 1: We'll continue our conversation with Grega. It is a fascinating

166
00:09:54,200 --> 00:09:58,280
Speaker 1: uh twenty four hours in politics in the Republican side.

167
00:09:58,440 --> 00:10:01,440
Speaker 1: We haven't here touched on the Democrat Yet another hot

168
00:10:01,480 --> 00:10:05,080
Speaker 1: headline out here on the Bloomberg Professional Service Parigo It

169
00:10:05,120 --> 00:10:10,439
Speaker 1: has appointed a new chief executive officer, John Hendrickson. John T. Hendrickson.

170
00:10:10,840 --> 00:10:15,040
Speaker 1: They're going to offer their preliminary first quarter selected financial

171
00:10:15,120 --> 00:10:18,880
Speaker 1: results today. Laurie Breus is the new chairman of the

172
00:10:19,080 --> 00:10:24,160
Speaker 1: board of directors earnings per share for two thousand sixteen

173
00:10:24,240 --> 00:10:26,640
Speaker 1: between eight thousand, twenty cents and eight dollars and sixty

174
00:10:26,720 --> 00:10:29,840
Speaker 1: cents UH seven fifty nine for two thousand fifteen, So

175
00:10:29,880 --> 00:10:34,320
Speaker 1: they're forecasting a game. We'll see how that compares. Uh.

176
00:10:34,440 --> 00:10:37,240
Speaker 1: The news just breaking from Parigo that there is a

177
00:10:37,280 --> 00:10:41,040
Speaker 1: new chairman and chief executive officer, and we'll have that

178
00:10:41,880 --> 00:10:44,720
Speaker 1: for you coming up. More details on that, as well

179
00:10:44,760 --> 00:10:49,040
Speaker 1: as the Gannette deal trying to buy Tribune Publishing. A

180
00:10:49,080 --> 00:10:53,160
Speaker 1: lot happening this morning here. Stocks still continue to trade law.

181
00:10:53,960 --> 00:11:01,360
Speaker 1: This is Bloomberg Surveillance on Bloomberg Radio worldwide. We're kind

182
00:11:01,360 --> 00:11:03,040
Speaker 1: of get out of the opening bell less than two

183
00:11:03,040 --> 00:11:04,720
Speaker 1: hours ago. Brought to you by the jeep Grand Cherokee,

184
00:11:04,720 --> 00:11:06,880
Speaker 1: the most awarded suv ever. The Grand Cherokee continues to

185
00:11:06,960 --> 00:11:09,040
Speaker 1: raise the bar with its luxurious interior and legendary four

186
00:11:09,080 --> 00:11:16,280
Speaker 1: by four capability. Drive one at your local JIP dealer today,

187
00:11:17,480 --> 00:11:20,840
Speaker 1: Global business news twenty four hours a day at Bloomberg

188
00:11:20,920 --> 00:11:24,000
Speaker 1: dot com, the Radio Plus mobile app, and on your radio.

189
00:11:24,280 --> 00:11:28,160
Speaker 1: This is a Bloomberg Business Flash and I'm caring Moscow.

190
00:11:28,200 --> 00:11:30,960
Speaker 1: This updates brought to you by Sector Spider e t F.

191
00:11:31,080 --> 00:11:33,240
Speaker 1: Why buy a single stock when you can invest in

192
00:11:33,280 --> 00:11:37,120
Speaker 1: the entire sector? Visits sector spd r s dot com

193
00:11:37,160 --> 00:11:41,960
Speaker 1: are called sector et F. Cannet propose to buy rival

194
00:11:41,960 --> 00:11:45,000
Speaker 1: newspaper publisher Tribune Publishing in a deal value at eight

195
00:11:45,080 --> 00:11:48,360
Speaker 1: hundred fifteen million dollars. Canet offered at twelve dollars twenty

196
00:11:48,400 --> 00:11:51,480
Speaker 1: five cents in cash per Tribute share, or a six

197
00:11:52,200 --> 00:11:56,520
Speaker 1: premium to Tribunes closing price. On Friday, Parago naming John

198
00:11:56,559 --> 00:12:00,760
Speaker 1: Hendrickson chief executive, replacing Joseph Popa, who was signing It

199
00:12:00,840 --> 00:12:04,439
Speaker 1: also reported a preliminary first quarter adjusted profit that missed

200
00:12:04,440 --> 00:12:08,440
Speaker 1: analysts estimates. In Parago shares down about eight percent this morning.

201
00:12:08,679 --> 00:12:11,560
Speaker 1: Shares are falling around the world as oil drops. We

202
00:12:11,640 --> 00:12:14,400
Speaker 1: checked the markets every fifteen minutes throughout the trading day.

203
00:12:14,480 --> 00:12:17,880
Speaker 1: On Bloomberg SNP E Many futures down two points DOWNIE

204
00:12:17,920 --> 00:12:21,600
Speaker 1: Many futures down twenty and NAS documenty futures down seven.

205
00:12:21,760 --> 00:12:24,040
Speaker 1: Nimax Screwed oil is down six tenths per cent, or

206
00:12:24,040 --> 00:12:26,720
Speaker 1: twenty five cents, to forty three dollars forty eight cents

207
00:12:26,720 --> 00:12:29,720
Speaker 1: of barrel tenure treasury up four thirty seconds. The yield

208
00:12:29,800 --> 00:12:32,520
Speaker 1: one point eight seven percent yield on the two year

209
00:12:32,600 --> 00:12:35,880
Speaker 1: point eight one percent. Comax Gold is up four tenths percent,

210
00:12:35,960 --> 00:12:38,360
Speaker 1: or four dollars eighty cents to twelve thirty four eighty

211
00:12:38,400 --> 00:12:41,280
Speaker 1: announced the euro a dollar twelve fifty three and the

212
00:12:41,360 --> 00:12:44,479
Speaker 1: yen one eleven point one four. And that's a Bloomberg

213
00:12:44,480 --> 00:12:48,680
Speaker 1: business flash. Mike and Francine Kara Mosco, thank you very much.

214
00:12:49,080 --> 00:12:52,520
Speaker 1: Francine Lack wats sitting in today for Tom Keane who

215
00:12:52,559 --> 00:12:54,840
Speaker 1: has um Well, we don't want to say where he's

216
00:12:54,840 --> 00:12:57,080
Speaker 1: on vacation, but I did look it up, friend, and

217
00:12:57,080 --> 00:13:00,760
Speaker 1: they accept the dollar there, so, of course with everybody

218
00:13:00,800 --> 00:13:03,160
Speaker 1: can play where in the world is Tom Keane. As

219
00:13:03,240 --> 00:13:05,559
Speaker 1: Karen was mentioning a couple of big deals over the

220
00:13:05,640 --> 00:13:10,760
Speaker 1: last few minutes, Ganett a hostel takeover attempt for Tribune Publishing.

221
00:13:11,040 --> 00:13:14,480
Speaker 1: Small deal eight million dollars. But you know, friend, they

222
00:13:14,520 --> 00:13:16,840
Speaker 1: owned some really big newspapers in the Los Angeles Times,

223
00:13:16,840 --> 00:13:20,560
Speaker 1: the Chicago Tribune. So this is um, there's an interesting

224
00:13:20,640 --> 00:13:24,120
Speaker 1: deal for control of eyeballs. I guess yeah, And Mike,

225
00:13:24,120 --> 00:13:26,319
Speaker 1: I wonder whether it's I wonder whether it's one of

226
00:13:26,360 --> 00:13:28,120
Speaker 1: the same problems that a lot of the media groups

227
00:13:28,120 --> 00:13:32,199
Speaker 1: have here in London and in Europe is that clickable

228
00:13:32,880 --> 00:13:35,280
Speaker 1: things are just not working as much as they used

229
00:13:35,280 --> 00:13:38,080
Speaker 1: to and we're seeing a lot of restructuring or resizing

230
00:13:38,440 --> 00:13:40,080
Speaker 1: of I guess, um you know a lot of the

231
00:13:40,080 --> 00:13:45,920
Speaker 1: papers here. Yeah, it is interesting. In the Tribune again

232
00:13:46,080 --> 00:13:49,320
Speaker 1: obviously thinks they can make money in this business. We'll

233
00:13:49,320 --> 00:13:52,199
Speaker 1: talk about that. It looks like later in the program

234
00:13:51,760 --> 00:13:55,520
Speaker 1: geta mergan Athan from Blueberg Intelligence will help us analyze this.

235
00:13:55,559 --> 00:13:58,400
Speaker 1: The other news that was out the healthcare company Irish

236
00:13:58,440 --> 00:14:02,120
Speaker 1: healthcare company Parigo. The new CEO Joseph Papa is resigning

237
00:14:02,120 --> 00:14:06,360
Speaker 1: as chairman and CEO John Hendrickson takes over earning Smith's

238
00:14:06,440 --> 00:14:12,400
Speaker 1: when somebody wonder one seventy seven estimate. So, um, we'll

239
00:14:12,640 --> 00:14:14,679
Speaker 1: we'll continue to follow that story. So it's been a

240
00:14:14,760 --> 00:14:18,360
Speaker 1: busy few moments, been a busy twenty four hours for

241
00:14:18,440 --> 00:14:22,240
Speaker 1: people who cover politics in the United States, including Greg

242
00:14:22,640 --> 00:14:26,280
Speaker 1: He's Horizon Investments Chief Political Strategists, talked a little bit

243
00:14:26,280 --> 00:14:29,680
Speaker 1: about the cruise casing deal trying to stop Donald Trump.

244
00:14:29,880 --> 00:14:35,240
Speaker 1: What maybe even more interesting Greg is the cokes seemed

245
00:14:35,280 --> 00:14:37,960
Speaker 1: to be that these are like the biggest donors to

246
00:14:38,120 --> 00:14:44,240
Speaker 1: conservative causes, billions of dollars, and they're saying Hillary Clinton

247
00:14:44,520 --> 00:14:49,280
Speaker 1: might be a better president than any of the Republican candidates. Yeah,

248
00:14:49,400 --> 00:14:51,880
Speaker 1: knock me over with a feather on that. Whe My god,

249
00:14:52,000 --> 00:14:55,040
Speaker 1: that was a real surprise. But I have to tell you, Mike,

250
00:14:55,400 --> 00:14:58,760
Speaker 1: I've been traveling around this spring seeing investors, big investors

251
00:14:59,040 --> 00:15:02,040
Speaker 1: in particular. I've been shocked by how many of them

252
00:15:02,040 --> 00:15:04,680
Speaker 1: tell me, if that's the choice, they may have to

253
00:15:04,720 --> 00:15:07,800
Speaker 1: vote for Hillary because she's at least the devil that

254
00:15:07,920 --> 00:15:12,920
Speaker 1: they know, rather than the devil they don't know. If

255
00:15:13,800 --> 00:15:16,680
Speaker 1: do you think he follows through? Hillary Clinton had to say,

256
00:15:16,760 --> 00:15:18,600
Speaker 1: as she did on Twitter last night, I don't want

257
00:15:18,680 --> 00:15:22,160
Speaker 1: his support, but I'm sure he doesn't care about that.

258
00:15:22,200 --> 00:15:26,120
Speaker 1: Do you think he follows through and and actually does

259
00:15:26,200 --> 00:15:28,680
Speaker 1: more than votes for her, puts money to work on

260
00:15:28,720 --> 00:15:31,360
Speaker 1: her behalf? I doubt it, you know. I think one

261
00:15:31,360 --> 00:15:33,320
Speaker 1: of the stories that hasn't gotten a lot of ink

262
00:15:33,920 --> 00:15:37,640
Speaker 1: is how poorly the Republicans are doing on fundraising for

263
00:15:37,720 --> 00:15:41,600
Speaker 1: congressional candidates. They could face some big losses, maybe losing

264
00:15:41,600 --> 00:15:45,359
Speaker 1: the Senate, maybe losing at least half of their House majority.

265
00:15:45,640 --> 00:15:47,520
Speaker 1: So I have a hunch that Cope may be very

266
00:15:47,560 --> 00:15:52,440
Speaker 1: supportive in these races while ignoring Trump Greg There are

267
00:15:52,440 --> 00:15:56,000
Speaker 1: of course some big divisions within the Democratic Party as well.

268
00:15:56,040 --> 00:15:59,680
Speaker 1: How do you heal those? Well, I think that we've

269
00:15:59,720 --> 00:16:02,400
Speaker 1: probably of we got my opinion, just for another forty

270
00:16:02,400 --> 00:16:06,000
Speaker 1: eight hours to go, and Bernie Sanders has to effectively

271
00:16:06,080 --> 00:16:09,120
Speaker 1: say he knows he can't win. He might stay in

272
00:16:09,200 --> 00:16:13,440
Speaker 1: until the convention to influence the platform, but she's got

273
00:16:13,480 --> 00:16:15,880
Speaker 1: to try to heal the party. But she's moving on

274
00:16:15,960 --> 00:16:19,600
Speaker 1: to November. She's starting to look advice presidential running mates,

275
00:16:19,840 --> 00:16:22,480
Speaker 1: and I think at Sanders stays in much longer, he's

276
00:16:22,480 --> 00:16:24,880
Speaker 1: going to be viewed as a real spoiler. As a

277
00:16:24,920 --> 00:16:28,280
Speaker 1: European based in London, we still struggle really to understand

278
00:16:28,320 --> 00:16:31,320
Speaker 1: why Hillary Clinton is so unpopular. In fact, she's one

279
00:16:31,360 --> 00:16:35,240
Speaker 1: of the most unpopular leading presidential candidates in recent times.

280
00:16:35,280 --> 00:16:38,400
Speaker 1: How does she turn that around? Well, I, first of all,

281
00:16:38,440 --> 00:16:42,440
Speaker 1: everybody's unpopular now. It seems like being a politician just

282
00:16:42,480 --> 00:16:45,920
Speaker 1: puts a target on your back. But she still has

283
00:16:45,960 --> 00:16:48,760
Speaker 1: an issue with the emails that has not been resolved.

284
00:16:49,160 --> 00:16:54,160
Speaker 1: Apparently they're a hundred or so FBI agents interrogating her

285
00:16:54,200 --> 00:16:57,800
Speaker 1: closest AIGs looking at this story, I don't think she

286
00:16:57,960 --> 00:17:03,440
Speaker 1: really gets clear sailing until that story is resolved. You know,

287
00:17:04,440 --> 00:17:07,320
Speaker 1: how likely is it that something will happen as a

288
00:17:07,320 --> 00:17:11,080
Speaker 1: as a political analyst that could derail her? Uh? You

289
00:17:11,119 --> 00:17:14,200
Speaker 1: know something from the Justice Department. You know, I'm a cynic,

290
00:17:14,600 --> 00:17:17,879
Speaker 1: and I think the Democrat who hads the Justice Department,

291
00:17:17,920 --> 00:17:21,720
Speaker 1: Loretta Lynch, probably will not indict her. Maybe a chance,

292
00:17:22,040 --> 00:17:24,240
Speaker 1: but it's sort of a lose lose. If she's indicted,

293
00:17:24,320 --> 00:17:26,840
Speaker 1: that hurts her. If she's not indicted, all of her

294
00:17:26,880 --> 00:17:30,040
Speaker 1: critics will say, ah ha, the fix was in, and

295
00:17:30,080 --> 00:17:32,920
Speaker 1: then people will try to interview FBI agents to see

296
00:17:32,920 --> 00:17:36,159
Speaker 1: if they'll leak to the Washington Post about what they found.

297
00:17:36,240 --> 00:17:39,000
Speaker 1: So either way, this story is a dark cloud that

298
00:17:39,080 --> 00:17:43,720
Speaker 1: may not dissipate very soon. All right, let's take uh

299
00:17:44,000 --> 00:17:46,800
Speaker 1: what you said earlier at face value that she's likely

300
00:17:46,920 --> 00:17:50,200
Speaker 1: to to win the process. She's going to start casting

301
00:17:50,240 --> 00:17:54,360
Speaker 1: about for running mates. Who would be on the shortlist. Yeah,

302
00:17:54,400 --> 00:17:57,920
Speaker 1: I I think that she doesn't need a female or Hispanic,

303
00:17:58,000 --> 00:18:01,280
Speaker 1: and her gender alone makes us a really unique ticket.

304
00:18:01,600 --> 00:18:04,000
Speaker 1: So I think you know a middle aged white guy

305
00:18:04,240 --> 00:18:06,639
Speaker 1: who comes from the state that has a lot of

306
00:18:06,680 --> 00:18:10,439
Speaker 1: electoral votes. Uh, I'd look at the two moderate Democrats

307
00:18:10,440 --> 00:18:14,480
Speaker 1: from Virginia, Mark Warner and Tim Caine, both highly regarded

308
00:18:14,480 --> 00:18:16,720
Speaker 1: in the party and vote from the state that has

309
00:18:16,760 --> 00:18:20,800
Speaker 1: thirteen electoral votes. Greg do you think that Bernie Saunders

310
00:18:21,040 --> 00:18:23,359
Speaker 1: will drop out of the race before June seven? Or

311
00:18:23,480 --> 00:18:26,159
Speaker 1: will he wait for California? You know, I think it

312
00:18:26,200 --> 00:18:29,200
Speaker 1: will be a de facto dropout, but he knows he can.

313
00:18:29,359 --> 00:18:32,960
Speaker 1: He can probably win in California comes very close, so

314
00:18:33,320 --> 00:18:36,439
Speaker 1: if it could give him more leverage for writing the

315
00:18:36,480 --> 00:18:39,640
Speaker 1: platform at the convention. But again, I think for all

316
00:18:39,680 --> 00:18:44,040
Speaker 1: intents and purposes, after Tomorrow night, the Democrats races over

317
00:18:44,600 --> 00:18:47,000
Speaker 1: and because of course Donald Trump keeps on talking about

318
00:18:47,000 --> 00:18:50,439
Speaker 1: that wall that Mexico will pay for it. Does Hillary

319
00:18:50,440 --> 00:18:54,840
Speaker 1: Clinton gets straight out all the Hispanic vote, you know it?

320
00:18:54,960 --> 00:18:57,920
Speaker 1: Maybe Trump gets an Hispanic running mate who who knows?

321
00:18:58,320 --> 00:19:00,480
Speaker 1: But I think she's poised to do eve and better

322
00:19:00,760 --> 00:19:05,840
Speaker 1: than Obama unless we forget Barack Obama one of the

323
00:19:05,880 --> 00:19:09,200
Speaker 1: Hispanic vote last time. I think she could do even better.

324
00:19:10,200 --> 00:19:13,480
Speaker 1: Is uh is Trump going to be able to find it?

325
00:19:13,720 --> 00:19:15,800
Speaker 1: I mean, obviously he'll find a running me, he could,

326
00:19:15,800 --> 00:19:18,119
Speaker 1: he could buy one if he wants, But is he

327
00:19:18,160 --> 00:19:20,680
Speaker 1: gonna be able to find one that actually contributes anything

328
00:19:20,720 --> 00:19:24,560
Speaker 1: to his chances of election. That's that's a really good question,

329
00:19:24,560 --> 00:19:26,680
Speaker 1: and I don't have the answer. I think the logical

330
00:19:26,760 --> 00:19:31,400
Speaker 1: pick would be someone like Mark Rubio, young, Hispanic, credible

331
00:19:31,400 --> 00:19:34,560
Speaker 1: and foreign policy. But Rubio called Trump a con man,

332
00:19:34,760 --> 00:19:37,040
Speaker 1: so it's gonna be hard for a lot of these

333
00:19:37,040 --> 00:19:39,840
Speaker 1: people to kiss and make up. I think we're a

334
00:19:39,920 --> 00:19:43,399
Speaker 1: long way away from Trump even having a short list.

335
00:19:43,800 --> 00:19:48,320
Speaker 1: We gave it out Greg beyond two thousand sixteen. If

336
00:19:48,359 --> 00:19:52,399
Speaker 1: you're a Republican and you're thinking of the vice presidential slot,

337
00:19:52,400 --> 00:19:55,200
Speaker 1: if you get asked, a lot of your calculation is, well,

338
00:19:55,200 --> 00:19:58,800
Speaker 1: where does that leave me and my chances for becoming president?

339
00:19:59,040 --> 00:20:02,400
Speaker 1: If you run with Donald Trump and you get destroyed,

340
00:20:02,680 --> 00:20:05,680
Speaker 1: does that destroy your political career? Well, it could, and

341
00:20:06,000 --> 00:20:08,600
Speaker 1: there are an awful lot of Republicans who know that

342
00:20:09,520 --> 00:20:12,040
Speaker 1: Paul Ryan is running. I think that's a pretty safe bet.

343
00:20:12,480 --> 00:20:14,520
Speaker 1: And I think Marco Rubio could come back and be

344
00:20:14,560 --> 00:20:17,399
Speaker 1: a really credible threat as well. So you know, if

345
00:20:17,720 --> 00:20:21,480
Speaker 1: you take the Trump offer and you do well, that

346
00:20:21,520 --> 00:20:23,720
Speaker 1: could put you on the short list. But if you're

347
00:20:23,720 --> 00:20:29,119
Speaker 1: associated with an electoral tobaccle, you know that doesn't help, Greg,

348
00:20:29,160 --> 00:20:32,000
Speaker 1: What does it Donald Trump on tele teleprompter look like?

349
00:20:32,680 --> 00:20:35,560
Speaker 1: Does he become much more moderate? It is just a

350
00:20:35,760 --> 00:20:40,080
Speaker 1: better chosen words, a little bit less divisive. Well, you know,

351
00:20:40,119 --> 00:20:43,680
Speaker 1: his his advisor famously said about four days ago that

352
00:20:43,720 --> 00:20:46,679
Speaker 1: Trump would moderate and toned down the bombast, and he

353
00:20:46,720 --> 00:20:49,879
Speaker 1: did the exact opposite over the weekend. To me, the

354
00:20:49,920 --> 00:20:52,560
Speaker 1: most intriguing thing is how many flip flops we've seen

355
00:20:52,720 --> 00:20:56,399
Speaker 1: on transgender rights, on abortion. He said last week that

356
00:20:56,480 --> 00:20:59,880
Speaker 1: he's a bandoned the idea of eliminating the national debt.

357
00:21:00,200 --> 00:21:02,359
Speaker 1: So a lot of really strong promises he made in

358
00:21:02,440 --> 00:21:05,240
Speaker 1: the fall had been flipped. So you have to wonder

359
00:21:05,400 --> 00:21:08,879
Speaker 1: was it just an act? Last Fall was always bombasted

360
00:21:08,960 --> 00:21:11,880
Speaker 1: just for show? Well, I mean that's what Paul Manaford

361
00:21:11,920 --> 00:21:16,400
Speaker 1: is trying to suggest. But I mean, Canna leopard changed

362
00:21:16,400 --> 00:21:20,240
Speaker 1: his spots within the electorate and have the electorate's still

363
00:21:20,240 --> 00:21:24,000
Speaker 1: like that leopard exactly right. You know, Trump is almost seventy.

364
00:21:24,119 --> 00:21:27,400
Speaker 1: I think it's in his DNA to be bombastic and

365
00:21:27,560 --> 00:21:32,399
Speaker 1: say outrageous things. I just can't see him stopping that overnight. Alright.

366
00:21:32,880 --> 00:21:36,320
Speaker 1: I will continue to follow, obviously all the developments in

367
00:21:36,359 --> 00:21:39,920
Speaker 1: the political campaign, but friend, we may not have enough

368
00:21:39,960 --> 00:21:43,399
Speaker 1: time at the rate they're going now to get to

369
00:21:43,440 --> 00:21:46,879
Speaker 1: the ball. Yeah. I'm absolutely fascinated, and actually I've never

370
00:21:46,960 --> 00:21:48,919
Speaker 1: seen so much interest from the European side, I think

371
00:21:48,920 --> 00:21:51,800
Speaker 1: on global side, because this is really a glimpse into

372
00:21:51,840 --> 00:21:55,879
Speaker 1: America's future or possibly non future. Oh that's a scary thought.

373
00:21:55,920 --> 00:21:58,840
Speaker 1: All right, we'll be back in just so well. I

374
00:21:58,880 --> 00:22:03,440
Speaker 1: continue our coverage of this interesting proposed deal in publishing.

375
00:22:03,520 --> 00:22:07,119
Speaker 1: Gannett wants to buy Tribune Tribute owns the Los Angeles Times,

376
00:22:07,119 --> 00:22:10,479
Speaker 1: the Chicago Tribune, the San Diego Union Tribune. They own

377
00:22:10,520 --> 00:22:12,840
Speaker 1: the Baltimore Sun, so this is a big deal in

378
00:22:12,960 --> 00:22:16,119
Speaker 1: terms of eyeballs out there. They only want to spend

379
00:22:16,240 --> 00:22:19,760
Speaker 1: eight hundred and fifteen million dollars to do it. We'll

380
00:22:19,800 --> 00:22:23,600
Speaker 1: also get David Harrow's views on whether or not you

381
00:22:23,640 --> 00:22:26,160
Speaker 1: should get into the markets now, all that coming up

382
00:22:26,320 --> 00:22:27,840
Speaker 1: on Bloomberg surveillance