1 00:00:02,000 --> 00:00:05,880 Speaker 1: Global business news twenty four hours a day's Bloomberg dot Com, 2 00:00:06,120 --> 00:00:08,840 Speaker 1: the Radio plus mobile last and on your radio, this 3 00:00:09,360 --> 00:00:12,840 Speaker 1: is a Bloomberg Business flash and I'm Karen Moscow. This 4 00:00:12,920 --> 00:00:16,239 Speaker 1: updates brought to you by Interactive Brokers and CME Group. 5 00:00:16,280 --> 00:00:19,440 Speaker 1: If you're looking for global futures contracts with low trading costs, 6 00:00:19,480 --> 00:00:22,960 Speaker 1: look no further. Interactive Brokers is the industry leader. Learned 7 00:00:23,000 --> 00:00:26,200 Speaker 1: more at Interactive Brokers dot com, slash, c m E Group. 8 00:00:26,680 --> 00:00:30,280 Speaker 1: USACK index futures are lower this morning, along with crude 9 00:00:30,280 --> 00:00:34,360 Speaker 1: oil as investors assess a surgeon shares yesterday. That's send 10 00:00:34,360 --> 00:00:36,239 Speaker 1: the US n P five hundred to and almost two 11 00:00:36,240 --> 00:00:39,200 Speaker 1: month high. You check the markets every fifteen minutes throughout 12 00:00:39,240 --> 00:00:42,560 Speaker 1: the trading day on Bloomberg SNP E many futures down 13 00:00:42,560 --> 00:00:45,280 Speaker 1: six points, Dow E many futures down forty eight, NAS 14 00:00:45,320 --> 00:00:48,239 Speaker 1: DOCU many futures down ten. It acts in Germany's up 15 00:00:48,240 --> 00:00:50,400 Speaker 1: a tenth of upper sent the cat in Paris down 16 00:00:50,400 --> 00:00:53,000 Speaker 1: a tenth of upper set FT one hundred down four 17 00:00:53,040 --> 00:00:55,960 Speaker 1: tenths per cent ten, Your treasury down seven thirty seconds. 18 00:00:56,000 --> 00:00:58,160 Speaker 1: The yells one point eight five percent. They yelled on 19 00:00:58,240 --> 00:01:00,560 Speaker 1: the two year point eight five percent, and I'm ex 20 00:01:00,560 --> 00:01:03,040 Speaker 1: screwed oils down nine cent or thirty one cents to 21 00:01:03,120 --> 00:01:06,000 Speaker 1: thirty four dollars nine cents of barrel co Mex called 22 00:01:06,000 --> 00:01:08,760 Speaker 1: that three ten percent or three dollars ten cents. That's 23 00:01:08,800 --> 00:01:12,640 Speaker 1: a Bloomberg business flash. Tom and Mike Karen, thank you 24 00:01:12,720 --> 00:01:14,640 Speaker 1: so much. We're trying to be fair and balanced here 25 00:01:14,680 --> 00:01:17,680 Speaker 1: in Washington and really talk to not only both sides 26 00:01:17,720 --> 00:01:20,760 Speaker 1: of the political industry, but to give you a perspective 27 00:01:20,840 --> 00:01:24,520 Speaker 1: chronologically as well. As we go to a most historic 28 00:01:24,600 --> 00:01:27,920 Speaker 1: super Tuesday yesterday. It's not one that I've ever seen 29 00:01:28,000 --> 00:01:32,160 Speaker 1: or Michael McKee has ever seen. More. Lathy is at Georgetown. 30 00:01:32,200 --> 00:01:35,920 Speaker 1: He's executive director of their Institute of Politics and Public Service, 31 00:01:36,600 --> 00:01:40,679 Speaker 1: exceptionally important position. He does this off of decades of 32 00:01:40,720 --> 00:01:44,440 Speaker 1: work for the Democratic Party as well. More wonderful day 33 00:01:44,440 --> 00:01:46,840 Speaker 1: have you on the show. I'm going to think of 34 00:01:46,880 --> 00:01:51,000 Speaker 1: the rhetoric forward in the next fourteen days for all 35 00:01:51,120 --> 00:01:55,160 Speaker 1: Democrats is the first do no harm? What's the number 36 00:01:55,160 --> 00:01:59,040 Speaker 1: one thing Democrats don't want to do? As we go 37 00:01:59,120 --> 00:02:04,200 Speaker 1: to Florida. Um, Look, I think, um, you know, the 38 00:02:04,760 --> 00:02:08,760 Speaker 1: trajectory that Democratic race seems pretty set. I think barring 39 00:02:08,880 --> 00:02:12,639 Speaker 1: some sort of seismic shift in the dynamic, Kellary Clinton 40 00:02:12,760 --> 00:02:15,959 Speaker 1: is is clearly on her way to the nomination, and 41 00:02:16,400 --> 00:02:19,679 Speaker 1: I think Bernie Sanders has done a lot to help 42 00:02:19,720 --> 00:02:22,840 Speaker 1: make her stronger candidates, help shape the debate, but I 43 00:02:22,880 --> 00:02:26,040 Speaker 1: don't think the numbers are going to be there for him. 44 00:02:26,120 --> 00:02:29,919 Speaker 1: So what Democrats, I think need to do is actually 45 00:02:30,000 --> 00:02:33,400 Speaker 1: keep their foot on the gas. I think Democrats need 46 00:02:34,400 --> 00:02:36,600 Speaker 1: to ensure that while the side show on the Republican 47 00:02:36,639 --> 00:02:39,960 Speaker 1: side continues to play out, that they're putting their their 48 00:02:40,000 --> 00:02:43,200 Speaker 1: best foot forward and making the case directly to a 49 00:02:43,280 --> 00:02:48,840 Speaker 1: general election electorate about what it is they are collectively 50 00:02:49,080 --> 00:02:52,840 Speaker 1: are going to be awesome from They don't what they 51 00:02:52,880 --> 00:02:56,639 Speaker 1: don't want to do, MO is the lull before the conventions. 52 00:02:56,720 --> 00:02:59,079 Speaker 1: That's a danger point, isn't it. Right? Then that and 53 00:02:59,120 --> 00:03:01,280 Speaker 1: then think that exact to my point, right, keep your 54 00:03:01,320 --> 00:03:03,840 Speaker 1: foot on the gap, keep out there, stay out there, 55 00:03:04,120 --> 00:03:07,400 Speaker 1: stay out there making the case. You know, I have 56 00:03:07,440 --> 00:03:09,920 Speaker 1: a lot of friends, former colleagues of mine in the 57 00:03:09,919 --> 00:03:14,040 Speaker 1: Democratic Party who are just sitting there gleeful and laughing 58 00:03:14,200 --> 00:03:17,560 Speaker 1: about this Donald Trump phenomenon, and I keep reminding him, 59 00:03:17,680 --> 00:03:19,920 Speaker 1: wasn't that long ago the Republican operators were laughing about 60 00:03:19,919 --> 00:03:23,640 Speaker 1: Donald Trump as well. He's uh, he's going to be 61 00:03:23,680 --> 00:03:26,920 Speaker 1: tough to beat in the general election. He's beautiful, but 62 00:03:27,240 --> 00:03:29,280 Speaker 1: this isn't going to be a cake walk for Democrats. 63 00:03:29,480 --> 00:03:33,080 Speaker 1: So they can't they can't afford to take break now, 64 00:03:33,160 --> 00:03:36,600 Speaker 1: They've got to continue to make the case. In my 65 00:03:36,760 --> 00:03:40,720 Speaker 1: Cleveland one week before Philadelphia is a convention schedule in July. 66 00:03:41,320 --> 00:03:45,480 Speaker 1: How how do you address as part of the campaign 67 00:03:45,640 --> 00:03:49,080 Speaker 1: Donald Trump from the Democratic side, What do you say 68 00:03:49,760 --> 00:03:54,360 Speaker 1: when you're campaigning against somebody who is who's campaigning on 69 00:03:54,400 --> 00:03:57,120 Speaker 1: the politics of anger and not necessarily the politics of 70 00:03:57,160 --> 00:04:00,880 Speaker 1: a particular policy. Yeah, look, this is tough, right. We're 71 00:04:00,880 --> 00:04:03,920 Speaker 1: in uncharted territory here. I mean, every single rule of 72 00:04:04,000 --> 00:04:08,320 Speaker 1: politics that everyone thought they knew has been thrown out 73 00:04:08,400 --> 00:04:13,640 Speaker 1: the window here, and this guy has keeps winning and overperforming, Uh, 74 00:04:13,960 --> 00:04:17,440 Speaker 1: saying things that would probably destroy any other candidates in 75 00:04:17,440 --> 00:04:21,039 Speaker 1: American history. Um. I think there's two things, and you're 76 00:04:21,040 --> 00:04:23,039 Speaker 1: you're starting to hear Hillary Clinton do it. You're starting 77 00:04:23,040 --> 00:04:26,440 Speaker 1: to hear more and more Democrats do it. Number One, Um, 78 00:04:26,480 --> 00:04:28,360 Speaker 1: I think people are angry, but I think one of 79 00:04:28,400 --> 00:04:30,840 Speaker 1: the things that they're angry about is the divisiveness coming 80 00:04:30,839 --> 00:04:35,480 Speaker 1: out of Washington. I think they are a little, uh, 81 00:04:35,520 --> 00:04:37,600 Speaker 1: a little frustrated by the fact that people are are 82 00:04:37,680 --> 00:04:42,719 Speaker 1: pinning of Americans, groups of Americans against one another. Donald 83 00:04:42,760 --> 00:04:46,520 Speaker 1: Trump feeds into that. He thrives on that, and so 84 00:04:46,680 --> 00:04:50,000 Speaker 1: the ability for Democrats continue to make that case. I 85 00:04:50,040 --> 00:04:51,960 Speaker 1: think it's gonna be important. But the second thing, and 86 00:04:52,000 --> 00:04:55,080 Speaker 1: I think this is actually even more important um politically. 87 00:04:55,640 --> 00:04:58,520 Speaker 1: I think the fundamental question Americans are asking these days 88 00:04:58,600 --> 00:05:00,919 Speaker 1: is who's got my back? Who's looking out for me? 89 00:05:01,200 --> 00:05:04,560 Speaker 1: We don't live on versus right paradigm anymore, that we 90 00:05:04,600 --> 00:05:07,160 Speaker 1: live on an up versus down paradigm, because most Americans 91 00:05:07,160 --> 00:05:09,000 Speaker 1: are walking around thinking, you know what, I played by 92 00:05:09,000 --> 00:05:11,479 Speaker 1: the rules, I do everything I'm supposed to do, and 93 00:05:11,520 --> 00:05:14,520 Speaker 1: I just can't get ahead. The system is rigged against me, 94 00:05:14,800 --> 00:05:17,720 Speaker 1: that people above me are getting all the breaks, that 95 00:05:17,800 --> 00:05:20,440 Speaker 1: people below me are getting all the hand downs. Who's 96 00:05:20,440 --> 00:05:23,479 Speaker 1: looking out for me? And I think Democrats need to 97 00:05:23,520 --> 00:05:26,520 Speaker 1: make the case number one, why they are, why Hillary 98 00:05:26,560 --> 00:05:30,240 Speaker 1: Clinton is and number two begin to make the case 99 00:05:30,480 --> 00:05:33,719 Speaker 1: that Donald Trump has never looked out for anybody in 100 00:05:33,920 --> 00:05:37,920 Speaker 1: his life except for himself. Marc Rubio danced around this 101 00:05:38,000 --> 00:05:39,720 Speaker 1: a little bit during the last debate when he went 102 00:05:39,720 --> 00:05:42,880 Speaker 1: started going after Trump on Trump, Trump you and things 103 00:05:42,920 --> 00:05:45,640 Speaker 1: like that, but it didn't stick. And I think that's 104 00:05:45,920 --> 00:05:47,920 Speaker 1: that's where the grace is going to go in definding 105 00:05:47,920 --> 00:05:51,560 Speaker 1: who Donald Trump really is. What happens and we've only 106 00:05:51,560 --> 00:05:53,520 Speaker 1: got a bit of minute left when he starts to 107 00:05:53,560 --> 00:05:56,560 Speaker 1: define her, how does she respond when he brings up 108 00:05:57,320 --> 00:06:00,960 Speaker 1: her husband's sex scandal, when he brings up her Goldmen 109 00:06:01,000 --> 00:06:03,680 Speaker 1: Sack speeches and that sort of thing. How does she 110 00:06:03,880 --> 00:06:07,640 Speaker 1: respond to that? You know, it'll be interesting to see 111 00:06:07,720 --> 00:06:11,039 Speaker 1: on the on the first point, you know, I man, 112 00:06:11,080 --> 00:06:14,560 Speaker 1: I think that just rallies people behind her. I don't think, um, 113 00:06:14,720 --> 00:06:16,479 Speaker 1: Donald Trump is going to get a lot of traction 114 00:06:17,000 --> 00:06:18,800 Speaker 1: on that. But when it comes to things like the 115 00:06:18,800 --> 00:06:21,240 Speaker 1: Goldman Sax speeches, I think, you know, a level of 116 00:06:21,240 --> 00:06:25,560 Speaker 1: transparency and I think again drawing a contract, the quick 117 00:06:25,640 --> 00:06:27,359 Speaker 1: is going to go out there and make a case 118 00:06:27,440 --> 00:06:31,440 Speaker 1: that her record, her history has been one of champion 119 00:06:31,800 --> 00:06:35,840 Speaker 1: of as being a champion for those who need a champion, um, 120 00:06:35,839 --> 00:06:40,320 Speaker 1: whereas Donald Trump has been a champion for himself, oftentimes 121 00:06:40,360 --> 00:06:43,080 Speaker 1: at the expense of those others. That's where I think 122 00:06:43,120 --> 00:06:45,919 Speaker 1: she's got to go and continue to make that contrast. 123 00:06:46,080 --> 00:06:48,760 Speaker 1: That may be the only way to meet this guy. Well, 124 00:06:48,800 --> 00:06:50,360 Speaker 1: thank you so much for being with us today. We 125 00:06:50,640 --> 00:06:52,640 Speaker 1: look forward to speaking to you many more times as 126 00:06:52,680 --> 00:06:57,119 Speaker 1: we moved through uh this original political process. Small lady 127 00:06:57,600 --> 00:07:01,040 Speaker 1: is with Georgetown, their Institute of Politics and Public Service, 128 00:07:01,120 --> 00:07:03,240 Speaker 1: joining us today, of course, working with a number of 129 00:07:03,800 --> 00:07:08,800 Speaker 1: Democrat Party campaigns UH over the years. UH. Joining us 130 00:07:09,200 --> 00:07:13,880 Speaker 1: next Kevin Hasset to We're in search of the Republican establishment. 131 00:07:14,240 --> 00:07:16,880 Speaker 1: We've called it in Kevin Hassett of AI to help 132 00:07:16,920 --> 00:07:21,760 Speaker 1: guide us towards his Republican establishment. If it's out there 133 00:07:21,760 --> 00:07:23,440 Speaker 1: as well. I'm really not sure. What I am sure 134 00:07:23,480 --> 00:07:27,040 Speaker 1: of is job today. On Friday, Bill Gross will join us, 135 00:07:27,480 --> 00:07:30,040 Speaker 1: lining up a series of good guests as well to 136 00:07:30,120 --> 00:07:33,560 Speaker 1: give you perspective on the American labor economy. Futures negative 137 00:07:33,600 --> 00:07:39,320 Speaker 1: seven down, futures negative Coast to Coast and FM Washington 138 00:07:39,320 --> 00:07:47,200 Speaker 1: and Baltimore. This is Bloomberg surveillance. We're cutting it down 139 00:07:47,200 --> 00:07:48,920 Speaker 1: to the ependy bell, brought to you by the jeep 140 00:07:48,920 --> 00:07:51,560 Speaker 1: Grand Cherokee, the most awarded suv ever. The Grand Cherokee 141 00:07:51,600 --> 00:07:54,440 Speaker 1: continues to raise the bar with it's luminous, luxurious interior 142 00:07:54,520 --> 00:07:57,120 Speaker 1: and legendary four by four capability. 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