1 00:00:00,080 --> 00:00:10,119 Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. You're listening to the 2 00:00:10,119 --> 00:00:13,880 Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at 3 00:00:13,920 --> 00:00:17,119 Speaker 1: noon and five pm Eastern on Alma Coarcley and Android 4 00:00:17,160 --> 00:00:20,520 Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever 5 00:00:20,600 --> 00:00:24,520 Speaker 1: you get your podcasts, or watch us live on YouTube. 6 00:00:25,360 --> 00:00:28,639 Speaker 2: It's a new record for payrolls for all the wrong reasons. 7 00:00:28,680 --> 00:00:29,960 Speaker 3: Welcome to the Tuesday edition. 8 00:00:30,080 --> 00:00:33,560 Speaker 2: Is the Bureau of Labor Statistics post the biggest ever 9 00:00:33,760 --> 00:00:36,839 Speaker 2: downward revision in job growth for a year. We'll get 10 00:00:36,840 --> 00:00:40,559 Speaker 2: the latest ahead from Bloomberg's Washington correspondent Tyler Kendall, with 11 00:00:40,600 --> 00:00:43,519 Speaker 2: insights from Republican Senator Roger Marshall of Kansas. He'll be 12 00:00:43,520 --> 00:00:46,239 Speaker 2: with us live from Capitol Hill, a doctor who can 13 00:00:46,280 --> 00:00:49,400 Speaker 2: also weigh in on policy on a number of different scores, 14 00:00:49,400 --> 00:00:50,919 Speaker 2: including changes at the CDC. 15 00:00:51,080 --> 00:00:52,440 Speaker 3: We'll get into all of that ahead. 16 00:00:52,600 --> 00:00:56,440 Speaker 2: Israel conducts it unprecedented strike against Hamas in Cutter. 17 00:00:56,840 --> 00:00:58,240 Speaker 3: This just happened a couple of hours ago. 18 00:00:58,280 --> 00:00:59,800 Speaker 2: The White House did get a heads up, and we'll 19 00:00:59,840 --> 00:01:02,400 Speaker 2: just 'cus the implications with Aaron David Miller at the 20 00:01:02,400 --> 00:01:05,560 Speaker 2: Carnegie Endowment for International Peace. Our panel is together today, 21 00:01:05,800 --> 00:01:09,520 Speaker 2: Bloomberg Politics contributors Rick Davis and Genie Shanzano along for 22 00:01:09,560 --> 00:01:12,319 Speaker 2: the ride, and we start, as I mentioned, with the 23 00:01:12,360 --> 00:01:14,840 Speaker 2: breaking story here from BLS. We knew it was coming, 24 00:01:14,880 --> 00:01:17,760 Speaker 2: we just didn't know how large it would be. This 25 00:01:17,920 --> 00:01:21,400 Speaker 2: is a preliminary estimate, so when you read stories about this, 26 00:01:21,440 --> 00:01:23,360 Speaker 2: it's going to look like it's written in the future 27 00:01:23,400 --> 00:01:27,000 Speaker 2: tense BLS suggesting that it will be the biggest downward 28 00:01:27,040 --> 00:01:29,959 Speaker 2: revision of all time, and it's a pretty fat number. 29 00:01:30,319 --> 00:01:32,479 Speaker 3: Nine hundred eleven thousand. 30 00:01:32,680 --> 00:01:35,280 Speaker 2: We have been getting a bit of a response from 31 00:01:35,319 --> 00:01:38,119 Speaker 2: the White House at this relatively early hour in the day. 32 00:01:38,120 --> 00:01:41,240 Speaker 2: There's a press briefing and a couple of presidential events later, 33 00:01:41,280 --> 00:01:42,880 Speaker 2: where I suspect we'll hear a lot more. But let's 34 00:01:42,880 --> 00:01:44,800 Speaker 2: get right to Todler Kendall, who's with us in studio 35 00:01:44,840 --> 00:01:48,400 Speaker 2: here in our Washington bureau. Nine hundred eleven thousand. Tyler 36 00:01:48,440 --> 00:01:50,360 Speaker 2: the White House says, this proves Donald Trump was. 37 00:01:50,400 --> 00:01:53,960 Speaker 4: Right right exactly, and you really hit the main point here, 38 00:01:54,000 --> 00:01:56,800 Speaker 4: which is that US DROM growth was far less robust 39 00:01:56,840 --> 00:01:59,640 Speaker 4: in the year through March, which only encounters the first 40 00:01:59,760 --> 00:02:02,800 Speaker 4: three months of the Trump administration. Then previously reported, and 41 00:02:02,840 --> 00:02:06,320 Speaker 4: this is of course putting mounting pressure on the Federal Reserve, 42 00:02:06,400 --> 00:02:09,360 Speaker 4: but it's also helping to mount that pressure by the 43 00:02:09,360 --> 00:02:12,000 Speaker 4: White House, which is now using this kicking out this 44 00:02:12,080 --> 00:02:15,400 Speaker 4: statement to US reporters here in Washington really less than 45 00:02:15,440 --> 00:02:18,720 Speaker 4: an hour after these revised numbers came up, saying in 46 00:02:18,760 --> 00:02:23,000 Speaker 4: part that the BLS released the largest downward revision on record, 47 00:02:23,280 --> 00:02:26,480 Speaker 4: proving that President Trump was right, Biden's economy was a disaster, 48 00:02:26,880 --> 00:02:30,320 Speaker 4: and the BLS is broken. Of course, this leans really 49 00:02:30,320 --> 00:02:34,320 Speaker 4: heavily into the administration's argument that at this point, Joe, 50 00:02:34,320 --> 00:02:36,840 Speaker 4: we've heard for months, but it's important for us to 51 00:02:36,880 --> 00:02:39,320 Speaker 4: mention that while the President has been really critical of 52 00:02:39,360 --> 00:02:43,320 Speaker 4: these revisions both monthly and now, the benchmark adjustments, economists 53 00:02:43,360 --> 00:02:45,800 Speaker 4: say that there's a few different reasons here as to 54 00:02:45,880 --> 00:02:49,160 Speaker 4: why we've seen in recent years such large changes, and 55 00:02:49,600 --> 00:02:51,639 Speaker 4: part of it has to do with the response rate 56 00:02:51,919 --> 00:02:53,680 Speaker 4: that the BLS is getting, and part of it has 57 00:02:53,720 --> 00:02:57,600 Speaker 4: to do with a change in conditions after the pandemic, 58 00:02:57,639 --> 00:02:59,679 Speaker 4: And I think sort of that context helps to lay 59 00:02:59,680 --> 00:03:02,000 Speaker 4: the sea here just a little bit more. 60 00:03:02,120 --> 00:03:02,280 Speaker 5: Now. 61 00:03:02,320 --> 00:03:04,480 Speaker 4: Of course, one of the big questions here is how 62 00:03:04,560 --> 00:03:07,080 Speaker 4: is the administration going to talk about this going forward 63 00:03:07,080 --> 00:03:10,280 Speaker 4: when they're pushing this new BLS commissioner. Important to note 64 00:03:10,360 --> 00:03:13,280 Speaker 4: right now there's an acting commissioner at the BLS, a 65 00:03:13,320 --> 00:03:15,800 Speaker 4: career employee's been there since twenty fifteen. He served in 66 00:03:15,840 --> 00:03:18,840 Speaker 4: this role actually on an acting capacity before, because we 67 00:03:18,840 --> 00:03:20,799 Speaker 4: are waiting for the Senate to take up the nomination 68 00:03:21,360 --> 00:03:23,960 Speaker 4: of EJ. And Tony and he, of course, as you 69 00:03:24,000 --> 00:03:26,600 Speaker 4: well know, as the chief economist at the Heritage Foundation, 70 00:03:27,320 --> 00:03:32,120 Speaker 4: considered to be a or is a conservative organization based 71 00:03:32,120 --> 00:03:33,040 Speaker 4: here in Washington. 72 00:03:33,400 --> 00:03:36,840 Speaker 2: Very interesting to witness this confirmation process, Tyler, thank you 73 00:03:36,920 --> 00:03:39,360 Speaker 2: so much. Tyler Kendall off the north lawn of the 74 00:03:39,400 --> 00:03:41,240 Speaker 2: White House for a moment to walk through these numbers 75 00:03:41,240 --> 00:03:44,160 Speaker 2: here as we prepare to add the voice of Senator 76 00:03:44,240 --> 00:03:48,040 Speaker 2: Roger Marshall, I just want to mention that before this report, 77 00:03:48,160 --> 00:03:50,080 Speaker 2: to have a sense of what the baseline was, the 78 00:03:50,120 --> 00:03:54,120 Speaker 2: government's payroll data showed employers adding nearly one point eight 79 00:03:54,280 --> 00:03:57,280 Speaker 2: million total jobs for that period the year through March, 80 00:03:58,320 --> 00:04:00,640 Speaker 2: an average of one hundred and forty nine thousand a month, which, 81 00:04:00,640 --> 00:04:02,400 Speaker 2: if you follow the stuff and you listen to this program, 82 00:04:02,480 --> 00:04:03,640 Speaker 2: would sound pretty normal, right. 83 00:04:04,080 --> 00:04:05,560 Speaker 3: A buck fifty on a monthly. 84 00:04:05,360 --> 00:04:08,360 Speaker 2: Jobs report would be considered fair to Midland depending on 85 00:04:08,400 --> 00:04:12,720 Speaker 2: the expectations. This revision shows average monthly job growth was 86 00:04:12,960 --> 00:04:16,719 Speaker 2: half that and so surely the Senator has some thoughts 87 00:04:16,720 --> 00:04:19,240 Speaker 2: on this, and he will be involved in dealing with 88 00:04:19,279 --> 00:04:22,320 Speaker 2: the next BLS Commissioner. Roger Marshall, a Republican, and I 89 00:04:22,360 --> 00:04:25,400 Speaker 2: should note a doctor as well, a physician from the 90 00:04:25,400 --> 00:04:27,839 Speaker 2: great state of Kansas joining us live from Capitol Hill. 91 00:04:27,920 --> 00:04:30,440 Speaker 3: Senator, great to have you back on Bloomberg. It's good 92 00:04:30,480 --> 00:04:30,839 Speaker 3: to see you. 93 00:04:31,320 --> 00:04:33,560 Speaker 2: What's your thought on a downward revision that sets a 94 00:04:33,600 --> 00:04:38,400 Speaker 2: record beyond nine hundred thousand. Do you believe these numbers 95 00:04:38,800 --> 00:04:41,760 Speaker 2: that we just got today, Well, Joe. 96 00:04:41,640 --> 00:04:44,239 Speaker 6: I don't know what to believe, but certainly on paper, 97 00:04:44,279 --> 00:04:48,600 Speaker 6: we lost nearly a million jobs from Joe Biden's Feld economy. 98 00:04:49,240 --> 00:04:51,559 Speaker 6: This is why I've been so frustrated for the past 99 00:04:51,640 --> 00:04:54,360 Speaker 6: year trying to bring attention to this that doing it 100 00:04:54,400 --> 00:04:56,719 Speaker 6: the same old way doesn't work, and there's no excuse. 101 00:04:56,960 --> 00:04:58,920 Speaker 6: I don't care whether they blame it on COVID, it's 102 00:04:58,920 --> 00:05:02,600 Speaker 6: post COVID. There's that absolutely no excuse when you're trying 103 00:05:02,600 --> 00:05:04,479 Speaker 6: to legislate, when you're in the White House trying to 104 00:05:04,480 --> 00:05:06,560 Speaker 6: make a decision, the FEDS trying to make decision on 105 00:05:06,600 --> 00:05:07,279 Speaker 6: interest rates. 106 00:05:07,400 --> 00:05:08,640 Speaker 3: You need good data. 107 00:05:08,720 --> 00:05:11,920 Speaker 6: You know, the BLS is responsible for inflation numbers and 108 00:05:12,400 --> 00:05:14,760 Speaker 6: new jobs numbers. So it just makes our job next 109 00:05:14,800 --> 00:05:17,960 Speaker 6: to impossible. And that's why President Trump fired the current 110 00:05:18,040 --> 00:05:21,400 Speaker 6: BLS administrator and now we need somebody new. And that's 111 00:05:21,400 --> 00:05:24,440 Speaker 6: why I think that doctor ej. And Tony will be 112 00:05:24,480 --> 00:05:26,760 Speaker 6: a great new member to come in there and turn 113 00:05:26,839 --> 00:05:28,599 Speaker 6: that place upside down and start over. 114 00:05:29,560 --> 00:05:33,640 Speaker 3: Okay, so it sounds like you're ready to vote yes, No. 115 00:05:33,720 --> 00:05:33,919 Speaker 1: I am. 116 00:05:34,000 --> 00:05:36,880 Speaker 6: I met with doctor Antoni. He really did impress me. 117 00:05:37,120 --> 00:05:38,760 Speaker 6: I asked him how he's going to do this, and 118 00:05:38,800 --> 00:05:41,320 Speaker 6: there's silver problems. One is how they collect the data 119 00:05:41,400 --> 00:05:44,000 Speaker 6: and then how do they interpret it as well, So 120 00:05:44,120 --> 00:05:48,480 Speaker 6: the small businesses are definitely being underrepresented here. We need 121 00:05:48,480 --> 00:05:51,200 Speaker 6: to introduce some type of software to a package where 122 00:05:51,200 --> 00:05:52,800 Speaker 6: every business, at the end of the month, when you're 123 00:05:52,839 --> 00:05:55,520 Speaker 6: doing in finances, you can just check one box right 124 00:05:55,560 --> 00:05:58,360 Speaker 6: in how many numbers of jobs you added or subtracted 125 00:05:58,520 --> 00:06:01,719 Speaker 6: and that automatically goes to to the BLS. So there's 126 00:06:01,760 --> 00:06:04,279 Speaker 6: a lot of things that he can do. Well. 127 00:06:04,279 --> 00:06:06,520 Speaker 2: Okay, that's a good start, because there are a lot 128 00:06:06,520 --> 00:06:08,880 Speaker 2: of questions about what actually needs to be done as 129 00:06:08,880 --> 00:06:11,279 Speaker 2: opposed to moving people around, and there have been some 130 00:06:11,320 --> 00:06:14,159 Speaker 2: people moving, Senator. As you well know, Bloomberg's Molly Smith 131 00:06:14,200 --> 00:06:16,720 Speaker 2: has a big story out today about staffing issues at 132 00:06:16,760 --> 00:06:19,800 Speaker 2: the BLS. Of course that starts with the commissioner, but 133 00:06:19,920 --> 00:06:22,920 Speaker 2: at this point a third of high level roles are 134 00:06:22,960 --> 00:06:23,920 Speaker 2: currently vacant. 135 00:06:24,120 --> 00:06:25,440 Speaker 3: How do you fix BLS? 136 00:06:25,480 --> 00:06:27,320 Speaker 2: How do you improve the quality of data when there's 137 00:06:27,320 --> 00:06:28,160 Speaker 2: nobody in the building. 138 00:06:29,040 --> 00:06:31,000 Speaker 6: Well, look, I think this is a great news. We 139 00:06:31,040 --> 00:06:32,919 Speaker 6: need to start over, no different than when you fire 140 00:06:32,960 --> 00:06:35,279 Speaker 6: the head coach. It's great that all the assistant coaches 141 00:06:35,640 --> 00:06:38,080 Speaker 6: leave as well. We need to create a brand new culture. 142 00:06:38,080 --> 00:06:40,880 Speaker 6: The only thing worse than no data is bad data. 143 00:06:41,000 --> 00:06:43,520 Speaker 6: If we don't have any answers, then we'll keep flying 144 00:06:43,560 --> 00:06:45,039 Speaker 6: by the seat of our pants. So I think that 145 00:06:45,080 --> 00:06:47,720 Speaker 6: this is good news and we can go in there 146 00:06:47,720 --> 00:06:50,559 Speaker 6: and hire the people that are more willing to break 147 00:06:50,600 --> 00:06:53,200 Speaker 6: that cultural prototype the way they've been doing it. 148 00:06:54,160 --> 00:06:57,719 Speaker 3: Interesting, does this really come down to the response rate? Senator? 149 00:06:57,760 --> 00:07:00,000 Speaker 2: Is it as simple as that, because that's the stock answer, 150 00:07:00,080 --> 00:07:03,039 Speaker 2: You know what, Employers just aren't compelled to respond to 151 00:07:03,080 --> 00:07:05,039 Speaker 2: the government the way they used to be. Sometimes we 152 00:07:05,080 --> 00:07:07,200 Speaker 2: get forty percent. It's hard to put a real number 153 00:07:07,200 --> 00:07:10,760 Speaker 2: on that. Or are there other factors inside the organization 154 00:07:11,080 --> 00:07:12,000 Speaker 2: that need to be hit. 155 00:07:12,880 --> 00:07:15,720 Speaker 6: Yeah, so I don't think there's one magic bullet. But 156 00:07:15,800 --> 00:07:17,600 Speaker 6: I was surprised to find out that part of the 157 00:07:17,720 --> 00:07:21,440 Speaker 6: data the Census Bureau was out there also gaining information 158 00:07:21,520 --> 00:07:23,840 Speaker 6: from households. So I am worried about when the data. 159 00:07:23,840 --> 00:07:27,120 Speaker 6: When one agency collects the data, fifteen different hands touch it, 160 00:07:27,160 --> 00:07:29,360 Speaker 6: then it goes over to BLS and other people touch 161 00:07:29,400 --> 00:07:31,760 Speaker 6: that data as well. All I know is right now, 162 00:07:31,840 --> 00:07:34,840 Speaker 6: the system's broken. We need to start over. And I 163 00:07:34,880 --> 00:07:37,520 Speaker 6: think that there's a technology solution to a lot of this, 164 00:07:37,600 --> 00:07:40,440 Speaker 6: and I can't write that program, but I'm sure there's 165 00:07:40,480 --> 00:07:42,440 Speaker 6: businesses out there that are going to make a good 166 00:07:42,440 --> 00:07:44,320 Speaker 6: living on getting this technology right. 167 00:07:45,360 --> 00:07:45,560 Speaker 3: Well. 168 00:07:45,600 --> 00:07:48,560 Speaker 2: Absolutely, I suspect that there'll be some interesting news if 169 00:07:48,600 --> 00:07:51,320 Speaker 2: mister Antoni gets the job and gets rolling on all 170 00:07:51,360 --> 00:07:53,800 Speaker 2: of this interesting news on who might be hired and 171 00:07:53,840 --> 00:07:57,520 Speaker 2: how these contracts are doled out. Senator, I have to 172 00:07:57,560 --> 00:07:59,840 Speaker 2: remind everybody, as I said in the outset here, that 173 00:07:59,880 --> 00:08:02,680 Speaker 2: you you're a physician, and you're doc Marshall to a 174 00:08:02,680 --> 00:08:04,880 Speaker 2: lot of folks on Capitol Hills, so we were paying 175 00:08:04,880 --> 00:08:09,880 Speaker 2: close attention in that hearing with RFK Junior last week. 176 00:08:10,480 --> 00:08:13,560 Speaker 2: You've delivered five thousand babies in your career, which I 177 00:08:13,600 --> 00:08:17,560 Speaker 2: found incredible to learn about you today, Senator, and here 178 00:08:17,600 --> 00:08:20,679 Speaker 2: you find yourself working alongside ninety nine babies in the Senate, 179 00:08:20,720 --> 00:08:24,320 Speaker 2: which is something to think about as well. Are you concerned? 180 00:08:24,480 --> 00:08:26,680 Speaker 2: I saw you in that hearing. I don't know what 181 00:08:26,720 --> 00:08:28,480 Speaker 2: you're laughing at right now, but I saw you in 182 00:08:28,520 --> 00:08:32,760 Speaker 2: that hearing with Secretary Kennedy. Do you worry about the 183 00:08:32,800 --> 00:08:36,000 Speaker 2: loosening of guidelines around COVID vaccines? 184 00:08:38,120 --> 00:08:38,960 Speaker 3: I don't actually. 185 00:08:39,040 --> 00:08:42,160 Speaker 6: I think the whole goal of Secretary Kennedy is to 186 00:08:42,160 --> 00:08:46,520 Speaker 6: bring transparency and trust back to the CDC that Secretary 187 00:08:46,559 --> 00:08:48,920 Speaker 6: Kennedy myself, we believe in parents that you can make 188 00:08:48,960 --> 00:08:51,880 Speaker 6: your own decisions for your children, that not every person 189 00:08:51,960 --> 00:08:56,240 Speaker 6: needs every vaccine. I think the COVID vaccine is very controversial. 190 00:08:56,240 --> 00:08:58,800 Speaker 6: There's people I would recommend it for, there's other that 191 00:08:58,840 --> 00:09:01,600 Speaker 6: the benefits don't out the risk that by now we've 192 00:09:01,600 --> 00:09:03,560 Speaker 6: all had COVID four or five times, we have our 193 00:09:03,600 --> 00:09:06,520 Speaker 6: own natural immunity and I think the emphasis here is 194 00:09:06,679 --> 00:09:09,640 Speaker 6: we want to give all the truth, all the transparency 195 00:09:09,840 --> 00:09:12,800 Speaker 6: to parents, to doctors, to whoever the adults are in 196 00:09:12,800 --> 00:09:15,080 Speaker 6: the room that are making that decision, and then do 197 00:09:15,160 --> 00:09:18,480 Speaker 6: their very best with that. Because a vaccine is a drug. 198 00:09:19,040 --> 00:09:21,840 Speaker 6: I am concerned about seventy six jabs. I'm not sure 199 00:09:21,840 --> 00:09:24,680 Speaker 6: any child needs seventy six jabs between birth and the 200 00:09:24,760 --> 00:09:26,400 Speaker 6: time that they're old enough to vote. 201 00:09:27,440 --> 00:09:28,640 Speaker 3: How about mr NA? 202 00:09:28,960 --> 00:09:31,280 Speaker 2: There seems to have been a cloud over this technology 203 00:09:32,040 --> 00:09:35,000 Speaker 2: since Secretary Kennedy moved into Health and Human Services. A 204 00:09:35,040 --> 00:09:36,960 Speaker 2: lot of folks think it's the answer that it could 205 00:09:37,000 --> 00:09:40,240 Speaker 2: in fact bring a cure for cancer. How should we 206 00:09:40,320 --> 00:09:44,040 Speaker 2: be thinking about NA technology aside and separate from COVID? 207 00:09:44,240 --> 00:09:45,120 Speaker 3: Senator Right? 208 00:09:45,200 --> 00:09:47,960 Speaker 6: So, I do think there's the opportunity for other uses 209 00:09:48,000 --> 00:09:50,200 Speaker 6: of this vaccine, and I have every faith that the 210 00:09:50,240 --> 00:09:52,840 Speaker 6: private sector is going to take this technology and run 211 00:09:52,880 --> 00:09:55,720 Speaker 6: with it. We have spent billions and billions, tens, maybe 212 00:09:55,800 --> 00:09:58,560 Speaker 6: hundreds of billions on this mRNA vaccine, but what we 213 00:09:58,600 --> 00:10:01,680 Speaker 6: know is it's it's very short lived. The type of 214 00:10:01,720 --> 00:10:04,040 Speaker 6: process it is. I mean, it only builds up community 215 00:10:04,040 --> 00:10:06,400 Speaker 6: for several months. I think instead we should turn a 216 00:10:06,440 --> 00:10:09,520 Speaker 6: focus to anti virals. We've learned from our friends over 217 00:10:10,080 --> 00:10:13,600 Speaker 6: our veterinarians that vaccines seldom work. You can't quite make 218 00:10:13,640 --> 00:10:15,760 Speaker 6: one quick enough. But if we had an anti viral, 219 00:10:16,040 --> 00:10:18,400 Speaker 6: that would be working. And more importantly, we need to 220 00:10:18,400 --> 00:10:21,360 Speaker 6: be addressing our own immune system to respond to these viruses. 221 00:10:21,360 --> 00:10:23,959 Speaker 6: You think about who COVID killed, it was people with diabetes. 222 00:10:24,000 --> 00:10:27,839 Speaker 6: People's immune systems weren't right. So I think through proper nutrition, exercise, 223 00:10:28,080 --> 00:10:30,960 Speaker 6: healthy lifestyles, we can build up our own immunity as well. 224 00:10:31,080 --> 00:10:33,319 Speaker 6: There's a place for vaccines. Don't get me wrong. I 225 00:10:33,360 --> 00:10:37,400 Speaker 6: think the polio vaccine vaccine was incredible MMR DETAP. I 226 00:10:37,400 --> 00:10:39,600 Speaker 6: think there's some really good vaccines out there, but not 227 00:10:39,720 --> 00:10:41,959 Speaker 6: every person needs every vaccine. 228 00:10:42,920 --> 00:10:44,160 Speaker 3: Where are you on the department? 229 00:10:44,320 --> 00:10:48,360 Speaker 2: Do you still trust the HHS to provide guidance specifically 230 00:10:48,480 --> 00:10:50,400 Speaker 2: to children to keep them help? 231 00:10:51,600 --> 00:10:52,200 Speaker 3: Absolutely? 232 00:10:52,440 --> 00:10:54,600 Speaker 6: I do. And I think that we're going to say 233 00:10:54,600 --> 00:10:56,319 Speaker 6: when we don't know, we don't know. And I think 234 00:10:56,320 --> 00:10:59,240 Speaker 6: there's so much we truly don't understand. We don't understand 235 00:10:59,240 --> 00:11:02,079 Speaker 6: the interaction of the seventy six jabs, how it impacts 236 00:11:02,120 --> 00:11:04,880 Speaker 6: that immune system going forward. I'm glad that we can 237 00:11:04,920 --> 00:11:08,800 Speaker 6: start talking to parents, Why does your baby who needs 238 00:11:08,800 --> 00:11:11,280 Speaker 6: a hepatitis vaccine on day number one? 239 00:11:11,360 --> 00:11:13,439 Speaker 3: And if I could you know, like you said. 240 00:11:13,280 --> 00:11:15,520 Speaker 6: I delivered a baby most every day for twenty five 241 00:11:15,559 --> 00:11:17,560 Speaker 6: years of my life. We tested every one of those 242 00:11:17,600 --> 00:11:20,959 Speaker 6: moms for hepatitis. If she was negative, she's not doing 243 00:11:21,040 --> 00:11:24,320 Speaker 6: IV drugs, she's in a stable, monogamous relationship, she's not 244 00:11:24,400 --> 00:11:27,560 Speaker 6: living with anybody with hepatitis. There's zero chance that baby 245 00:11:27,760 --> 00:11:30,440 Speaker 6: is going to get hepatitis when when it's born. On 246 00:11:30,480 --> 00:11:32,520 Speaker 6: the other end, there's some other babies that do need 247 00:11:32,520 --> 00:11:36,400 Speaker 6: that hepatitis vaccine. I just want to inform parents, give 248 00:11:36,480 --> 00:11:39,240 Speaker 6: doctors good information as well, and then let them make 249 00:11:39,280 --> 00:11:42,120 Speaker 6: that decision whether they think their baby needs a hepatitis 250 00:11:42,160 --> 00:11:44,680 Speaker 6: vaccine on day number one. We have no idea what 251 00:11:44,720 --> 00:11:46,920 Speaker 6: it's doing to that baby's immune system. 252 00:11:48,200 --> 00:11:51,600 Speaker 2: Doctor, what's the prescription for funding the government? Or are 253 00:11:51,600 --> 00:11:53,560 Speaker 2: we going to shut down at the end of the month. 254 00:11:53,600 --> 00:11:56,079 Speaker 2: It looks like they're fewer than a dozen legislative days here. 255 00:11:56,120 --> 00:11:58,400 Speaker 2: And I feel like you've seen this movie before. 256 00:11:59,120 --> 00:11:59,520 Speaker 3: Yeah, we have. 257 00:11:59,600 --> 00:12:02,040 Speaker 6: We might We'll just do the continuing resolution, the short 258 00:12:02,040 --> 00:12:05,000 Speaker 6: gap majure today. Chuck Schumer is never going to let 259 00:12:05,080 --> 00:12:08,960 Speaker 6: us take that funding through the floor the appropriate process. 260 00:12:09,480 --> 00:12:12,600 Speaker 6: My hat's off to Senator Susan Collins, the chairperson of 261 00:12:12,600 --> 00:12:15,760 Speaker 6: that Appropriations committee. She has eight of the twelve buckets 262 00:12:15,760 --> 00:12:19,280 Speaker 6: of money done through committee super majorities. But Chuck won't 263 00:12:19,400 --> 00:12:22,240 Speaker 6: let his people free to vote for that on the floor, 264 00:12:22,800 --> 00:12:24,880 Speaker 6: So we might as well do the continuing resolution. Then 265 00:12:24,960 --> 00:12:27,880 Speaker 6: let's get on with dominations and other very important matters. 266 00:12:28,920 --> 00:12:30,240 Speaker 2: You go through the end of the year and do 267 00:12:30,360 --> 00:12:32,679 Speaker 2: a full year cr just bite the whole thing off. 268 00:12:33,440 --> 00:12:36,439 Speaker 6: Yeah, we're going to risk wrestle about that all day long. 269 00:12:36,480 --> 00:12:38,320 Speaker 6: I would sure like for it to go through to 270 00:12:38,440 --> 00:12:41,640 Speaker 6: next January or February, but I don't see the Democrats 271 00:12:41,679 --> 00:12:43,880 Speaker 6: giving in on that. We'll wrestle about how long that's 272 00:12:43,920 --> 00:12:45,800 Speaker 6: going to last. I would probably take a year long 273 00:12:45,840 --> 00:12:48,200 Speaker 6: one because I think in the day that's less spending 274 00:12:48,240 --> 00:12:49,280 Speaker 6: for the federal government. 275 00:12:50,160 --> 00:12:51,840 Speaker 2: Yeah, I think the White House might agree with you 276 00:12:51,880 --> 00:12:53,760 Speaker 2: on that. Senator, thank you for coming back to talk 277 00:12:53,760 --> 00:12:56,720 Speaker 2: to us. As always. Doctor Roger Marshall, the Republican from 278 00:12:56,840 --> 00:12:59,320 Speaker 2: Kansas and a member of the US Senate with us 279 00:12:59,320 --> 00:13:00,480 Speaker 2: here on balance of power. 280 00:13:00,480 --> 00:13:02,480 Speaker 3: Thank you, sir. We're going to have much more ahead 281 00:13:03,320 --> 00:13:03,920 Speaker 3: as we turn. 282 00:13:03,800 --> 00:13:06,920 Speaker 2: To geopolitics in our conversation with Aaron David Miller. Only 283 00:13:06,920 --> 00:13:09,880 Speaker 2: here on Bloomberg, stay with us on Balance of Power. 284 00:13:09,880 --> 00:13:11,679 Speaker 2: We'll have much more coming up after this. 285 00:13:15,960 --> 00:13:19,440 Speaker 1: You're listening to the Bloomberg Balance of Power Podcast. Catch 286 00:13:19,520 --> 00:13:22,560 Speaker 1: us live weekdays at noon and five pm Eastern on 287 00:13:22,679 --> 00:13:25,920 Speaker 1: Apple Cocklay and Android Auto with the Bloomberg Business App. 288 00:13:25,960 --> 00:13:29,000 Speaker 1: You can also listen live on Amazon Alexa from our 289 00:13:29,040 --> 00:13:33,560 Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty. 290 00:13:35,040 --> 00:13:37,040 Speaker 2: Thank you for being with us on the Tuesday edition 291 00:13:37,400 --> 00:13:39,640 Speaker 2: of Balance of Power here on Bloomberg Radio. We're on 292 00:13:39,679 --> 00:13:42,440 Speaker 2: the satellite radio Sirius XM channel one twenty one, and 293 00:13:42,480 --> 00:13:45,440 Speaker 2: you can watch the show on Bloomberg Originals now every day, 294 00:13:45,480 --> 00:13:49,040 Speaker 2: as well as on YouTube search Bloomberg Business News Live, 295 00:13:49,480 --> 00:13:52,480 Speaker 2: and we'll meet you in the studio with a remarkable 296 00:13:52,520 --> 00:13:56,640 Speaker 2: story coming from overseas today. Another another use of the 297 00:13:56,760 --> 00:14:02,720 Speaker 2: term unprecedented factors in the headline on the terminal Israel 298 00:14:02,760 --> 00:14:06,240 Speaker 2: conducting an unprecedented strike against senior Hamas leaders in the 299 00:14:06,360 --> 00:14:12,679 Speaker 2: cuttery capital of Doha. Missiles blowing up in Doha earlier today, 300 00:14:13,720 --> 00:14:16,320 Speaker 2: escalating an already tense standoff between the country and Arab 301 00:14:16,400 --> 00:14:20,000 Speaker 2: nations over the war in Gaza. We understand that the 302 00:14:20,000 --> 00:14:22,480 Speaker 2: White House did get a heads up on this shortly 303 00:14:22,560 --> 00:14:26,360 Speaker 2: before the attack, presumably unable to stop it if there 304 00:14:26,440 --> 00:14:30,440 Speaker 2: even was an attempt. President Trump was talking about the 305 00:14:30,480 --> 00:14:34,880 Speaker 2: war in Gaza and of course the administration's aim Israel's 306 00:14:34,920 --> 00:14:38,320 Speaker 2: aim to get all hostages released as he made his 307 00:14:38,320 --> 00:14:41,280 Speaker 2: way to New York on Sunday, speaking with reporters on 308 00:14:41,320 --> 00:14:42,360 Speaker 2: the tarmac on the way home. 309 00:14:42,440 --> 00:14:46,320 Speaker 3: Let's listen to the President. Some things came up having 310 00:14:46,400 --> 00:14:47,680 Speaker 3: to do with Amas, etc. 311 00:14:48,040 --> 00:14:51,480 Speaker 2: And we're working on a solution that maybe could be 312 00:14:51,600 --> 00:14:52,000 Speaker 2: very good. 313 00:14:52,360 --> 00:14:54,880 Speaker 3: Would you tell us that no, but you'll be hearing 314 00:14:54,880 --> 00:14:55,760 Speaker 3: about it pretty soon. 315 00:14:55,800 --> 00:14:58,840 Speaker 7: We're trying to get it hended, get the hostages back. 316 00:15:00,320 --> 00:15:03,360 Speaker 2: That was two days ago. Now buildings are blowing up 317 00:15:03,640 --> 00:15:08,080 Speaker 2: in Doha. As we add the voice of Aaron David Miller, 318 00:15:08,200 --> 00:15:10,880 Speaker 2: Senior Fellow at the Carnegie Endowment for International Peace, who's 319 00:15:10,920 --> 00:15:13,760 Speaker 2: joined us more than once since this most recent war 320 00:15:13,840 --> 00:15:17,520 Speaker 2: in Gaza began eron. David Miller, welcome back to Bloomberg. 321 00:15:17,920 --> 00:15:21,880 Speaker 2: Cutter condemns the strike, calling it a flagrant violation. What 322 00:15:21,880 --> 00:15:22,760 Speaker 2: would you call it. 323 00:15:24,800 --> 00:15:29,040 Speaker 7: Nothing surprises me anymore. I mean, look what we've witnessed 324 00:15:29,080 --> 00:15:33,960 Speaker 7: over the last two years October seventh, two Israeli strikes 325 00:15:33,960 --> 00:15:38,640 Speaker 7: on Iran, two Iranian strikes on Israel, the decapitation of 326 00:15:38,680 --> 00:15:43,080 Speaker 7: his Bolla's leadership through wakie talkies and pagers, an American 327 00:15:43,120 --> 00:15:46,960 Speaker 7: strike against Irani nuclear sites, the twelve day Irani in 328 00:15:47,000 --> 00:15:51,200 Speaker 7: Israeli war. Nothing surprises me. I find this quite consistent though, 329 00:15:51,240 --> 00:15:56,000 Speaker 7: with the Ntannel government's determined policy not just to destroy 330 00:15:56,080 --> 00:15:59,360 Speaker 7: and hollow at Hamas as a military organization, but to 331 00:15:59,360 --> 00:16:02,320 Speaker 7: eliminate its political leadership. And let's be very clear about something, 332 00:16:02,760 --> 00:16:06,240 Speaker 7: the external leadership. And we don't know who survived and 333 00:16:06,240 --> 00:16:10,240 Speaker 7: who didn't, but the external leadership, derisively called by some 334 00:16:10,320 --> 00:16:14,239 Speaker 7: of the insiders as the hotel boys, don't make decisions 335 00:16:14,720 --> 00:16:21,440 Speaker 7: on hostages cease fires. It's the internal military leadership. A 336 00:16:21,480 --> 00:16:25,440 Speaker 7: brigade commander Zadino Haddad, Gaza City. He appears to be 337 00:16:25,520 --> 00:16:30,840 Speaker 7: the most pre eminent Hamas leader. So I think what 338 00:16:30,880 --> 00:16:34,840 Speaker 7: these raellies have done reflects not only what their strategy is, 339 00:16:34,880 --> 00:16:38,360 Speaker 7: if you could call it that, but it shuts down 340 00:16:39,000 --> 00:16:42,800 Speaker 7: for the foreseeable future the cutouts that have been used 341 00:16:42,800 --> 00:16:47,400 Speaker 7: to negotiate an American proposal, and it embarrasses to the 342 00:16:47,480 --> 00:16:50,280 Speaker 7: extreme a nation. 343 00:16:50,640 --> 00:16:55,040 Speaker 2: I think we might have lost Aaron David Miller. Let 344 00:16:55,080 --> 00:16:56,680 Speaker 2: me see if we can get him back as we 345 00:16:56,760 --> 00:16:59,960 Speaker 2: talk about what's happening here in Doha. 346 00:17:00,080 --> 00:17:01,160 Speaker 3: If you're just joining us. 347 00:17:01,240 --> 00:17:04,199 Speaker 2: Not only did the Cutteries condemn the strike as a 348 00:17:04,200 --> 00:17:08,800 Speaker 2: flagrant violation of international law, they went on to say 349 00:17:08,840 --> 00:17:13,480 Speaker 2: that cutter will not tolerate this reckless Israeli behavior and 350 00:17:13,520 --> 00:17:17,520 Speaker 2: it's continued tampering with regional security. That came from the 351 00:17:17,600 --> 00:17:21,280 Speaker 2: Foreign Ministry spokesman in a post on x This is 352 00:17:21,320 --> 00:17:25,680 Speaker 2: not through sources or those close to the situation. Of course, 353 00:17:25,680 --> 00:17:29,280 Speaker 2: Hamas leaders who survived the attack. 354 00:17:30,920 --> 00:17:32,440 Speaker 3: May live to see another day. Here. 355 00:17:32,920 --> 00:17:35,480 Speaker 2: Aaron David Miller is back with us here from the 356 00:17:35,520 --> 00:17:40,680 Speaker 2: Carnegie Endowment for International Peace. Aaron, the White House did 357 00:17:40,680 --> 00:17:44,480 Speaker 2: get a heads up, we understand. Should we presume that 358 00:17:44,560 --> 00:17:46,359 Speaker 2: the President did nothing to stand in the way of 359 00:17:46,400 --> 00:17:48,679 Speaker 2: this or that this White House has no leverage to 360 00:17:48,680 --> 00:17:49,680 Speaker 2: stop it from happening? 361 00:17:50,160 --> 00:17:50,360 Speaker 8: Oh? 362 00:17:50,440 --> 00:17:53,800 Speaker 7: No, First of all, the White House is tremendous langage 363 00:17:54,440 --> 00:17:57,840 Speaker 7: and this administration, this president has done things I worked 364 00:17:57,840 --> 00:18:01,240 Speaker 7: for every administration from Jimmy Carter to Bush forty three, 365 00:18:01,960 --> 00:18:06,160 Speaker 7: I worked and voted for Republicans and Democrats. This president 366 00:18:06,200 --> 00:18:08,480 Speaker 7: has done things that no other president has done before 367 00:18:09,240 --> 00:18:15,040 Speaker 7: without Israeli consent, opened up a direct dialogue with Hamas 368 00:18:15,080 --> 00:18:17,880 Speaker 7: in March, cut a deal with the UNIS about which 369 00:18:17,880 --> 00:18:21,919 Speaker 7: the Israelis learned after the fact, and open negotiations with Iran, 370 00:18:22,000 --> 00:18:24,720 Speaker 7: and announced it in the presence of an Israeli Prime minister. No, 371 00:18:25,200 --> 00:18:31,080 Speaker 7: Donald Trump, because of his transactional me first nature, in essence, 372 00:18:31,160 --> 00:18:37,600 Speaker 7: does have leverage. It's just like the Biden administration. He 373 00:18:37,760 --> 00:18:42,200 Speaker 7: has chosen not to impose a single cost or consequence 374 00:18:42,960 --> 00:18:46,000 Speaker 7: on the Nathaniel government that normal humans would regard as 375 00:18:46,000 --> 00:18:50,639 Speaker 7: significant or serious pressure. And it's hard for me to 376 00:18:50,720 --> 00:18:55,280 Speaker 7: believe that the Israelis would undertake this without at least 377 00:18:55,280 --> 00:18:58,720 Speaker 7: a blinking yellow light, if not a green one. 378 00:18:59,359 --> 00:19:00,400 Speaker 3: From the trumpdministration. 379 00:19:00,560 --> 00:19:05,520 Speaker 7: But we'll see given the next briefing exactly how the 380 00:19:05,520 --> 00:19:12,440 Speaker 7: administration comports itself, distances itself, but yet supports it chooses 381 00:19:12,480 --> 00:19:14,600 Speaker 7: not to speak at all about this issue. 382 00:19:15,680 --> 00:19:19,360 Speaker 2: Hard to read right now, Boy, there's a lot there, 383 00:19:19,400 --> 00:19:21,520 Speaker 2: and we are going to get a press briefing by 384 00:19:21,520 --> 00:19:22,960 Speaker 2: the way from the White House coming up at the 385 00:19:22,960 --> 00:19:27,200 Speaker 2: top of the hour at one pm Eastern time. Cutter 386 00:19:27,280 --> 00:19:30,040 Speaker 2: is home to the biggest US military base, the biggest 387 00:19:30,080 --> 00:19:33,760 Speaker 2: airbase in the Middle East. Should that not cause concern 388 00:19:34,440 --> 00:19:37,399 Speaker 2: at the Pentagon inside the White House when missiles are 389 00:19:37,400 --> 00:19:41,240 Speaker 2: flying over or near an American military installation. 390 00:19:43,080 --> 00:19:47,600 Speaker 7: Under normal circumstances, given the realities back here on planet Earth, 391 00:19:47,680 --> 00:19:51,200 Speaker 7: rather than the reality is tethered to a galaxy far 392 00:19:51,280 --> 00:19:56,120 Speaker 7: far away. Sure well, remember the Iranians truck Cutter too, 393 00:19:57,080 --> 00:20:04,280 Speaker 7: in response to the American struct the three nuclear sites. 394 00:20:04,720 --> 00:20:08,639 Speaker 7: I mean, yes, for sure, Cutter has I'm certainly in 395 00:20:08,680 --> 00:20:12,680 Speaker 7: the eyes of the administration. Remember you've got the jazzed 396 00:20:12,760 --> 00:20:16,520 Speaker 7: up soon to be air Force one gift from the 397 00:20:16,560 --> 00:20:18,880 Speaker 7: Cutties to the President. 398 00:20:18,960 --> 00:20:20,720 Speaker 3: So I think that. 399 00:20:22,240 --> 00:20:27,160 Speaker 7: This administration has a very large part of its heart 400 00:20:27,600 --> 00:20:32,840 Speaker 7: in the Gulf Saudi Arabia. The Emirates Cutteries with the 401 00:20:35,400 --> 00:20:41,399 Speaker 7: with the airplane gift. So I suspect that this is 402 00:20:41,440 --> 00:20:45,280 Speaker 7: where the administration, for any number of reasons, believes it 403 00:20:45,320 --> 00:20:50,280 Speaker 7: wants to put its focus. And as a consequence, I 404 00:20:50,320 --> 00:20:54,359 Speaker 7: think the administration will try and the Cutteries will try 405 00:20:54,440 --> 00:20:58,160 Speaker 7: to make sure whatever the broken crockery that exists here 406 00:20:58,200 --> 00:21:02,560 Speaker 7: throughout the region. Sure the Arab States now have concluded 407 00:21:02,760 --> 00:21:04,840 Speaker 7: in their own minds that Israel is a force for 408 00:21:06,119 --> 00:21:09,159 Speaker 7: instability in the region, not a force verstability. They may 409 00:21:09,200 --> 00:21:11,679 Speaker 7: have come to that conclusion quite a while ago. But 410 00:21:11,680 --> 00:21:14,960 Speaker 7: I end the Trump administration in the counties will do 411 00:21:15,080 --> 00:21:18,359 Speaker 7: everything possible to avoid an open break. 412 00:21:19,560 --> 00:21:19,919 Speaker 8: Over this. 413 00:21:20,040 --> 00:21:23,520 Speaker 7: But again, everything's going to turn I think on what 414 00:21:23,560 --> 00:21:27,879 Speaker 7: the administration's reaction is, because over the last seven months, 415 00:21:27,920 --> 00:21:30,760 Speaker 7: it's quite clear to me that the only constraint, the 416 00:21:30,800 --> 00:21:34,520 Speaker 7: only leverage. Europeans don't wield it, the Arab States don't 417 00:21:34,520 --> 00:21:39,000 Speaker 7: wield it. The international community has been feckless, divided, disinterested, 418 00:21:39,640 --> 00:21:44,720 Speaker 7: the UIN. The only party that conceivably Benjamin Nathaniello pays 419 00:21:44,760 --> 00:21:51,200 Speaker 7: attention to is Donald Trump in Washington, which is why 420 00:21:51,280 --> 00:21:54,960 Speaker 7: I think he never would have undertook this without some 421 00:21:55,200 --> 00:21:59,639 Speaker 7: sense that the administration at least gave the wink. And 422 00:21:59,640 --> 00:22:01,959 Speaker 7: then now and one last point, I really do believe 423 00:22:02,000 --> 00:22:05,600 Speaker 7: and understandable. I wish Hamas disappeared. I think that the 424 00:22:05,640 --> 00:22:15,199 Speaker 7: President shares Benjamin Netanyahu's conviction that Hamas needs to be 425 00:22:15,320 --> 00:22:22,320 Speaker 7: not just undermine militarily but downgraded to the point of disappearing. 426 00:22:22,400 --> 00:22:23,880 Speaker 7: On the political side. 427 00:22:25,080 --> 00:22:28,520 Speaker 2: I just saw a post on Twitter from Senator Lindsey Graham, 428 00:22:29,480 --> 00:22:31,960 Speaker 2: who just had a very productive and candid meeting. He 429 00:22:32,040 --> 00:22:35,800 Speaker 2: writes with my dear friend Ambassador Dermer, referring to Ron Dermer, 430 00:22:35,880 --> 00:22:39,520 Speaker 2: israel Minister of Strategic Affairs, about today's events, he writes, 431 00:22:39,520 --> 00:22:41,800 Speaker 2: and the way forward in the Middle East writ large. 432 00:22:41,920 --> 00:22:45,359 Speaker 2: I also spoke, the Senator says, with Prime Minister NETANYAHUO 433 00:22:45,400 --> 00:22:48,600 Speaker 2: over the phone, who stressed to me his administration his 434 00:22:48,680 --> 00:22:52,280 Speaker 2: admiration rather for President Trump, calling President Trump's support for 435 00:22:52,400 --> 00:22:56,640 Speaker 2: Israel historic, unrivaled, and deeply appreciated. There we see Senator 436 00:22:57,119 --> 00:23:04,160 Speaker 2: Lindsey Graham photographed with Ron Dermer years in his capital office. 437 00:23:04,320 --> 00:23:08,000 Speaker 2: You served, I believe, Aaron David Miller in your time 438 00:23:08,000 --> 00:23:13,960 Speaker 2: at the State Department twenty four years and six secretaries. Yeah, 439 00:23:14,080 --> 00:23:17,120 Speaker 2: you sound a bit despondent today. Is that the right 440 00:23:17,160 --> 00:23:18,719 Speaker 2: word to describe the way you're feeling? 441 00:23:19,680 --> 00:23:24,400 Speaker 7: No, I mean, I've grown used to dealing with uncertainties 442 00:23:25,080 --> 00:23:30,639 Speaker 7: in this region and keeping my expectations exceedingly low. But 443 00:23:30,680 --> 00:23:35,360 Speaker 7: the one takeaway I have is it the most important 444 00:23:35,440 --> 00:23:38,679 Speaker 7: thing that has occurred since October seven, in my judgment, 445 00:23:39,280 --> 00:23:41,840 Speaker 7: and one of the reasons we're even having this conversation, Joe, 446 00:23:43,400 --> 00:23:47,720 Speaker 7: is that the Israelis State of Israel has now acquired 447 00:23:47,760 --> 00:23:51,560 Speaker 7: something that no Israeli government has ever acquired since the 448 00:23:51,600 --> 00:23:54,280 Speaker 7: creation of the state in ninety forty eight, and that 449 00:23:54,400 --> 00:23:59,840 Speaker 7: is the fancy term ford is escalation dominance. Israel can 450 00:23:59,880 --> 00:24:03,400 Speaker 7: do determine the pace, the intensity, the focus of their 451 00:24:03,440 --> 00:24:08,000 Speaker 7: military activities with all of their adversaries, with Iran, with 452 00:24:08,200 --> 00:24:13,680 Speaker 7: mas with his Bula who these provides somewhat of an exception, 453 00:24:14,359 --> 00:24:19,640 Speaker 7: Israel can escalate in ways that none of their adversaries can. 454 00:24:20,840 --> 00:24:24,440 Speaker 7: And what you're seeing play out now, remember two weeks 455 00:24:24,440 --> 00:24:29,600 Speaker 7: ago Israeli struck Sanna and may have killed a majority 456 00:24:29,840 --> 00:24:35,800 Speaker 7: of the Houthi cabinet. They kill Libramania at a I 457 00:24:36,000 --> 00:24:39,520 Speaker 7: RGC guest house in Tehran in twenty twenty four, They've 458 00:24:39,560 --> 00:24:46,119 Speaker 7: eliminated most of his Bulah leadership, including Hassan Masrela, and 459 00:24:46,160 --> 00:24:49,000 Speaker 7: they've killed most of the senior commanders. 460 00:24:49,800 --> 00:24:52,080 Speaker 2: Eric Davidmiller, I'm sorry we don't have more time, but 461 00:24:52,119 --> 00:24:54,120 Speaker 2: come back and talk to us. It's always a great 462 00:24:54,119 --> 00:24:55,960 Speaker 2: pleasure and we always learn something from you from the 463 00:24:56,000 --> 00:24:59,320 Speaker 2: Carnegie Dowmon Aaron David Miller on Bloomberg Stay with us. 464 00:24:59,320 --> 00:25:02,040 Speaker 3: On Balance of We'll have much more coming up after this. 465 00:25:06,320 --> 00:25:09,800 Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch 466 00:25:09,880 --> 00:25:13,320 Speaker 1: us live weekdays at noon and five pm Eastern on Apple, 467 00:25:13,400 --> 00:25:16,399 Speaker 1: Cocklay and Android Auto with the Bloomberg Business App. You 468 00:25:16,440 --> 00:25:19,919 Speaker 1: can also listen live on Amazon Alexa from our flagship 469 00:25:20,000 --> 00:25:25,359 Speaker 1: New York station. Just say Alexa play Bloomberg eleven thirty. 470 00:25:25,359 --> 00:25:26,480 Speaker 3: Just twenty minutes from now. 471 00:25:26,600 --> 00:25:29,119 Speaker 2: That's also, incidentally, when the White House Press briefing is 472 00:25:29,119 --> 00:25:32,160 Speaker 2: set to begin. Caroline Levitt surely loaded for bear today 473 00:25:32,200 --> 00:25:34,600 Speaker 2: after that letter came out last night. Were you with 474 00:25:34,680 --> 00:25:36,480 Speaker 2: us on the late edition of Balance of Power? The 475 00:25:36,600 --> 00:25:40,840 Speaker 2: letter that the President purportedly wrote, Well, it was more 476 00:25:40,880 --> 00:25:46,399 Speaker 2: of a card on letterhead to Jeffrey Epstein for his birthday. 477 00:25:46,400 --> 00:25:48,920 Speaker 2: It's part of the Big Birthday book, and the White 478 00:25:48,920 --> 00:25:51,359 Speaker 2: House will remind us today and we should all be 479 00:25:51,440 --> 00:25:54,159 Speaker 2: aware that Donald Trump was not the only person in 480 00:25:54,200 --> 00:25:58,000 Speaker 2: that book, far from as he reminds us frequently. Bill 481 00:25:58,040 --> 00:26:01,800 Speaker 2: Clinton was in the book, along with many other heavy 482 00:26:01,840 --> 00:26:03,840 Speaker 2: hitters from back then. But of course Donald Trump is 483 00:26:03,880 --> 00:26:07,000 Speaker 2: the president right now, and he told us that that letter, 484 00:26:07,040 --> 00:26:11,120 Speaker 2: that note didn't exist, And now that people are scrutinizing 485 00:26:11,160 --> 00:26:14,200 Speaker 2: the signature and all the rest of it, it's brought 486 00:26:14,240 --> 00:26:18,919 Speaker 2: the story back to the front burner here. Remember the 487 00:26:19,040 --> 00:26:24,399 Speaker 2: name James Walkinshaw, the Democrat from Virginia, could be the 488 00:26:24,440 --> 00:26:28,359 Speaker 2: next member of the House of Representatives and could be 489 00:26:29,520 --> 00:26:31,600 Speaker 2: the reason why we get one step closer to the 490 00:26:31,600 --> 00:26:35,159 Speaker 2: release of the Epstein files. There's a discharge petition, as 491 00:26:35,160 --> 00:26:36,639 Speaker 2: they call it, and they're two votes short. 492 00:26:36,640 --> 00:26:37,760 Speaker 3: This would force. 493 00:26:39,320 --> 00:26:42,800 Speaker 2: Assuming it passed, the release of the Epstein files. And 494 00:26:42,840 --> 00:26:44,880 Speaker 2: if they're too short, well we got one. It looks 495 00:26:44,920 --> 00:26:47,919 Speaker 2: like today there's a special election happening in Virginia to 496 00:26:47,960 --> 00:26:51,240 Speaker 2: fill the seat of the late Jerry Connolly. This is 497 00:26:51,320 --> 00:26:54,840 Speaker 2: Virginia's eleventh congressional district and it will not be a 498 00:26:54,880 --> 00:26:58,480 Speaker 2: surprise when a Democrat wins. Okay, that's the Democrat names 499 00:26:58,760 --> 00:27:02,800 Speaker 2: named James walking Then there's another special in Arizona later 500 00:27:02,880 --> 00:27:03,399 Speaker 2: this month. 501 00:27:04,040 --> 00:27:05,640 Speaker 3: Lean's Democratic. 502 00:27:06,840 --> 00:27:09,680 Speaker 2: That's all the votes they would need Tom Massey and 503 00:27:09,800 --> 00:27:13,280 Speaker 2: Rocanna to get this to the floor. So big questions 504 00:27:13,320 --> 00:27:15,200 Speaker 2: about the way this is all going to work. Right now, 505 00:27:16,359 --> 00:27:19,119 Speaker 2: Mike Johnson continuing to hear about this as well the 506 00:27:19,160 --> 00:27:21,320 Speaker 2: Speaker of the House. This is where we start with 507 00:27:21,359 --> 00:27:24,200 Speaker 2: our panel today, Rick Davis and Jeanie Shanzo back together 508 00:27:24,240 --> 00:27:28,000 Speaker 2: again Bloomberg Politics contributors. Genie is democracy visiting fellow at 509 00:27:28,040 --> 00:27:31,240 Speaker 2: Harvard Kennedy School's Ash Center, and Rick is our Republican 510 00:27:31,280 --> 00:27:34,480 Speaker 2: strategist partner at Stone Court Capital. So, Genie, it is 511 00:27:34,520 --> 00:27:37,240 Speaker 2: the Democrats who are going to push this over the line. 512 00:27:37,280 --> 00:27:38,080 Speaker 3: What do you think. 513 00:27:39,840 --> 00:27:41,320 Speaker 5: They could? And you're right. 514 00:27:41,400 --> 00:27:44,119 Speaker 9: The election today in the eleventh in Virginia, followed by 515 00:27:44,160 --> 00:27:47,000 Speaker 9: the special in Arizona, and of course Democrats have been 516 00:27:47,080 --> 00:27:51,919 Speaker 9: overperforming in special elections. Certainly it would be stunning if 517 00:27:51,920 --> 00:27:55,560 Speaker 9: they lost in the eleventh. They could also win in Arizona, 518 00:27:55,640 --> 00:27:59,560 Speaker 9: which would give the Democrats and also Tom Massey and 519 00:27:59,600 --> 00:28:02,679 Speaker 9: Marjorie Taylor Green and those Republicans who support it the 520 00:28:02,760 --> 00:28:06,440 Speaker 9: votes they need to get over this discharge petition over 521 00:28:06,480 --> 00:28:09,200 Speaker 9: the line. Of course, then they come to the wall 522 00:28:09,240 --> 00:28:12,400 Speaker 9: that is the Senate, and we have seen no appetite 523 00:28:12,440 --> 00:28:15,720 Speaker 9: from John Thune to push this forward, which is why 524 00:28:15,960 --> 00:28:21,600 Speaker 9: so much of the public outcry about this, and I 525 00:28:21,600 --> 00:28:27,959 Speaker 9: think in particular, the really impactful statements by the victims 526 00:28:28,040 --> 00:28:30,680 Speaker 9: the other day. Those kinds of things are the kind 527 00:28:30,720 --> 00:28:32,480 Speaker 9: of things that may break this impass. 528 00:28:32,640 --> 00:28:35,640 Speaker 5: But you know, they still have a knouphill battle here. 529 00:28:37,359 --> 00:28:39,880 Speaker 2: What do you think about this rick in the upper 530 00:28:39,960 --> 00:28:43,240 Speaker 2: chamber where you spend much of your career. If discharge 531 00:28:43,280 --> 00:28:47,720 Speaker 2: petition hits the House floor and passes, what happens next door? 532 00:28:47,760 --> 00:28:51,280 Speaker 3: Does it die in the US Senate? Yeah? 533 00:28:51,320 --> 00:28:53,840 Speaker 10: I think it ultimately will not see the light of 534 00:28:53,920 --> 00:28:57,280 Speaker 10: day in the Senate. You don't seem to have the 535 00:28:57,400 --> 00:29:00,240 Speaker 10: ridor's debate going on there about release of the these 536 00:29:00,360 --> 00:29:03,880 Speaker 10: records that you've had really for months now. In the 537 00:29:03,880 --> 00:29:06,920 Speaker 10: House of Representatives, the Republicans and the Senative kind of 538 00:29:07,000 --> 00:29:09,520 Speaker 10: kept their own counsel on this, waiting to see what happens, 539 00:29:10,400 --> 00:29:12,200 Speaker 10: and they don't tend to play to the crowd as 540 00:29:12,320 --> 00:29:15,920 Speaker 10: much as the House does. So this is definitely a 541 00:29:16,320 --> 00:29:21,520 Speaker 10: populist you know, feed the Magabeast issue. Nobody else in 542 00:29:21,560 --> 00:29:25,080 Speaker 10: America really cares about this kind of stuff, and so 543 00:29:25,320 --> 00:29:28,240 Speaker 10: it's a little bit like self immolation in the House, right, 544 00:29:28,320 --> 00:29:30,200 Speaker 10: I mean, like they know this. 545 00:29:30,040 --> 00:29:32,880 Speaker 8: Is not good for their electoral chances. 546 00:29:32,960 --> 00:29:35,800 Speaker 10: It's taken a lot of attention away from talking about 547 00:29:35,800 --> 00:29:38,960 Speaker 10: the economy and things that voters care about, and they're 548 00:29:39,000 --> 00:29:41,840 Speaker 10: not promoting the big beautiful bill, which is what they 549 00:29:42,000 --> 00:29:43,880 Speaker 10: claim they're going to run on, you know, And so 550 00:29:44,520 --> 00:29:46,520 Speaker 10: it's it's just a massive distraction. 551 00:29:47,360 --> 00:29:48,480 Speaker 8: And yet you're right. 552 00:29:48,600 --> 00:29:51,040 Speaker 10: I mean, I think framing these special elections in the 553 00:29:51,040 --> 00:29:54,760 Speaker 10: context of the biggest vote they have coming up, which is, 554 00:29:55,600 --> 00:29:58,480 Speaker 10: you know, this Epstein Files vote, is a good way 555 00:29:58,480 --> 00:30:02,720 Speaker 10: to do it. And today in the eleventh district, I 556 00:30:03,080 --> 00:30:08,920 Speaker 10: would add old friend uh uh uh, my old. 557 00:30:08,760 --> 00:30:10,120 Speaker 8: Friend I can't remember anymore. 558 00:30:11,240 --> 00:30:15,959 Speaker 10: Uh was congressman Republican from there, Yeah, and uh for 559 00:30:16,000 --> 00:30:18,600 Speaker 10: a long time. And and yet this has been a 560 00:30:18,640 --> 00:30:24,280 Speaker 10: reliably democratic district now, certainly throughout Connolly's time, and everybody 561 00:30:24,320 --> 00:30:29,040 Speaker 10: I know in Virginia is expecting this to be retaken 562 00:30:29,080 --> 00:30:30,160 Speaker 10: by the Democrat. 563 00:30:30,360 --> 00:30:34,560 Speaker 8: So my guess is you're right. This is one vote. 564 00:30:34,240 --> 00:30:37,120 Speaker 10: Closer to a discharge petition, and that's what we're going 565 00:30:37,160 --> 00:30:38,680 Speaker 10: to be talking about for the rest of the week. 566 00:30:39,920 --> 00:30:42,600 Speaker 3: Tom Davis, Right, did James Davis? Is that what it 567 00:30:42,680 --> 00:30:47,760 Speaker 3: was that was going to bother me? Okay? So well, yeah, 568 00:30:47,880 --> 00:30:50,640 Speaker 3: that's with all of that said. 569 00:30:50,960 --> 00:30:56,440 Speaker 2: Uh, here, Genie, if this passes muster with a discharge 570 00:30:56,440 --> 00:31:00,880 Speaker 2: petition and dies in the Senate. Is that stopped the 571 00:31:00,960 --> 00:31:05,120 Speaker 2: conversation because you've got one chamber of Congress here that 572 00:31:05,160 --> 00:31:06,640 Speaker 2: thinks it should be released. 573 00:31:08,720 --> 00:31:11,560 Speaker 5: Yeah, some members of one chamber. I don't think it 574 00:31:11,640 --> 00:31:12,880 Speaker 5: stops the conversation. 575 00:31:13,080 --> 00:31:15,959 Speaker 9: And here's why I agree with Rick to the extent 576 00:31:16,000 --> 00:31:18,120 Speaker 9: that this is not on the top of people's minds, 577 00:31:18,120 --> 00:31:21,000 Speaker 9: and really the focus is on should be on the 578 00:31:21,040 --> 00:31:23,880 Speaker 9: things they care about, jobs, economy, inflation, and the like. 579 00:31:24,320 --> 00:31:28,160 Speaker 9: The problem here for Donald Trump is that he is 580 00:31:28,280 --> 00:31:33,120 Speaker 9: not only by many people's account, blatantly lying about the signature, 581 00:31:33,160 --> 00:31:36,800 Speaker 9: which you can, you know, just look and believe your own. 582 00:31:36,680 --> 00:31:37,560 Speaker 5: Eyes when you see it. 583 00:31:37,960 --> 00:31:42,440 Speaker 9: But the reality is is that he ran saying that 584 00:31:42,800 --> 00:31:47,240 Speaker 9: he was going to take down the very type of 585 00:31:47,280 --> 00:31:50,920 Speaker 9: elites that are all over to your earlier point this book, 586 00:31:51,000 --> 00:31:54,560 Speaker 9: everyone from Bill Blate, Gates and Bill Clinton, and the 587 00:31:54,600 --> 00:31:55,680 Speaker 9: list goes on and on. 588 00:31:55,760 --> 00:31:59,600 Speaker 5: Alan Dershowitz. He ran, he bought into the. 589 00:31:59,680 --> 00:32:03,000 Speaker 9: Narrow from the right that there is this cabal of 590 00:32:03,080 --> 00:32:06,000 Speaker 9: elites and we are going to dismantle them. 591 00:32:06,440 --> 00:32:10,880 Speaker 5: And now he is unwilling to open these files. 592 00:32:10,920 --> 00:32:13,959 Speaker 9: Why there's no evidence he was engaged in a crime. 593 00:32:14,400 --> 00:32:17,200 Speaker 9: But the reality is he was friendly with these folks. 594 00:32:17,240 --> 00:32:20,240 Speaker 9: He was one of them before he decided that he 595 00:32:20,280 --> 00:32:22,760 Speaker 9: would join the far right and stand up against them. 596 00:32:22,800 --> 00:32:25,760 Speaker 9: So this is not something that is likely going to 597 00:32:25,840 --> 00:32:28,920 Speaker 9: die unless Donald Trump fulls the band aid and he 598 00:32:28,960 --> 00:32:32,160 Speaker 9: doesn't have really any We don't get a sense he's 599 00:32:32,200 --> 00:32:34,440 Speaker 9: willing to do that. The other thing I would watch 600 00:32:34,480 --> 00:32:39,040 Speaker 9: for is Robert Garcia. There's some tension between James Comer, 601 00:32:39,280 --> 00:32:42,520 Speaker 9: the chair, and the ranking member Robert Garcia on oversight 602 00:32:42,800 --> 00:32:45,680 Speaker 9: and what was fascinating to be Robert Garcia new to 603 00:32:46,000 --> 00:32:50,000 Speaker 9: the committee or in leadership on the committee on the 604 00:32:50,040 --> 00:32:50,920 Speaker 9: minority side. 605 00:32:51,160 --> 00:32:54,200 Speaker 5: He said, this is a new way of doing business. 606 00:32:54,360 --> 00:32:58,360 Speaker 9: You know that the old the old folks on the oversight, 607 00:32:58,680 --> 00:33:00,000 Speaker 9: they're stuck there in the past. 608 00:33:00,400 --> 00:33:02,000 Speaker 5: We're taking a new approach here. 609 00:33:02,200 --> 00:33:06,080 Speaker 9: And he released the document before the committee did yesterday, 610 00:33:06,480 --> 00:33:08,200 Speaker 9: and I think that is what we're in store for. 611 00:33:08,320 --> 00:33:10,160 Speaker 5: On what's he responding to the. 612 00:33:10,120 --> 00:33:12,960 Speaker 9: Base of the Democratic Party, which is saying you can't 613 00:33:12,960 --> 00:33:14,400 Speaker 9: play by the old rules anymore. 614 00:33:14,520 --> 00:33:15,720 Speaker 5: We are in a new world. 615 00:33:15,760 --> 00:33:19,200 Speaker 9: He talked about the new generation and new forms of oversight, 616 00:33:19,320 --> 00:33:22,360 Speaker 9: So pay attention to that, not just about the Epstein story, 617 00:33:22,400 --> 00:33:25,000 Speaker 9: but about so much else going on in the House today. 618 00:33:25,640 --> 00:33:29,040 Speaker 2: It's really interesting, especially on that committee. Speaking of new rules, Rick, 619 00:33:29,280 --> 00:33:31,280 Speaker 2: We're going to be hearing from the White House imminently here. 620 00:33:31,320 --> 00:33:32,640 Speaker 3: This is a press briefing first. 621 00:33:33,000 --> 00:33:34,800 Speaker 2: I'm sure Caroline Levett will have a lot to say, 622 00:33:34,840 --> 00:33:36,680 Speaker 2: and she'll certainly be asked about this, whether or not 623 00:33:36,720 --> 00:33:40,000 Speaker 2: she opens with it. And the President himself has a 624 00:33:40,040 --> 00:33:41,640 Speaker 2: couple of events today, and one of them right up 625 00:33:41,640 --> 00:33:44,160 Speaker 2: against the late edition of Balance of Power. We could 626 00:33:44,200 --> 00:33:46,920 Speaker 2: be hearing from him right around five pm, and surely 627 00:33:47,600 --> 00:33:49,640 Speaker 2: he'll be talking about this or trying to move the 628 00:33:49,640 --> 00:33:52,160 Speaker 2: conversation away from it, but will be cognizant of this 629 00:33:52,520 --> 00:33:55,400 Speaker 2: whole story emerging today. We've heard a lot from the 630 00:33:55,440 --> 00:33:57,840 Speaker 2: President about other people in that book, and I wonder 631 00:33:57,880 --> 00:34:00,320 Speaker 2: if we're being fair to be honest with you, Rick, 632 00:34:00,360 --> 00:34:03,960 Speaker 2: Bill Clinton is in that book, as I mentioned, talking 633 00:34:04,000 --> 00:34:08,760 Speaker 2: about Jeffrey Epstein's childlike Wonder in the letter that he wrote. 634 00:34:08,760 --> 00:34:14,280 Speaker 2: Peter Mandelson, UK Ambassador to Washington in there as well. 635 00:34:15,000 --> 00:34:17,759 Speaker 2: His spokesman last night had to talk about once again 636 00:34:17,800 --> 00:34:21,360 Speaker 2: the regret that he feels of ever knowing Jeffrey Epstein. 637 00:34:21,680 --> 00:34:24,120 Speaker 2: Does it help Donald Trump that he's one of dozens 638 00:34:24,160 --> 00:34:25,160 Speaker 2: of people in this book? 639 00:34:26,600 --> 00:34:28,279 Speaker 8: You know, I think that it's a little bit like 640 00:34:28,320 --> 00:34:29,280 Speaker 8: what Genie was saying. 641 00:34:30,600 --> 00:34:33,160 Speaker 10: Donald Trump stands out because his claim was I'm not 642 00:34:33,200 --> 00:34:36,000 Speaker 10: one of those people, right. I mean, the rest of 643 00:34:36,040 --> 00:34:39,520 Speaker 10: them mark distancing themselves from each other. They're distincing themselves 644 00:34:39,560 --> 00:34:42,840 Speaker 10: from Epstein. Trump's trying to do something that's quite unique, 645 00:34:42,840 --> 00:34:45,800 Speaker 10: which is distanced himself from Epstein and everybody else in 646 00:34:45,880 --> 00:34:49,560 Speaker 10: the book, or is close to any kind of list 647 00:34:49,600 --> 00:34:53,319 Speaker 10: of friends that you know, we've been talking about with 648 00:34:53,360 --> 00:34:57,879 Speaker 10: regard to Jeffrey Epstein, so you know, and today he's saying, well, 649 00:34:57,920 --> 00:34:59,120 Speaker 10: you know, this is a dead issue. 650 00:34:59,280 --> 00:34:59,880 Speaker 8: I declare it. 651 00:35:01,280 --> 00:35:04,600 Speaker 10: He's the worst one declaring anything dead because he brings 652 00:35:04,600 --> 00:35:06,640 Speaker 10: it up all the time. He talked about this all 653 00:35:06,640 --> 00:35:10,640 Speaker 10: throughout the campaign and how he was going to make, 654 00:35:10,760 --> 00:35:11,080 Speaker 10: you know. 655 00:35:11,080 --> 00:35:12,640 Speaker 8: Put light on this issue. 656 00:35:13,320 --> 00:35:18,879 Speaker 10: And it's really an issue concocted by Maga to stir 657 00:35:18,960 --> 00:35:19,520 Speaker 10: up the base. 658 00:35:19,600 --> 00:35:21,680 Speaker 8: And now it's coming back to bite the leadership. 659 00:35:21,880 --> 00:35:26,000 Speaker 10: And I wouldn't be surprised like you that he can't 660 00:35:26,040 --> 00:35:28,600 Speaker 10: discipline himself and claim it's a dead issue and goes 661 00:35:28,680 --> 00:35:31,600 Speaker 10: right into it and sort of defends his position and 662 00:35:31,640 --> 00:35:33,120 Speaker 10: claims none of this stuff is real. 663 00:35:35,080 --> 00:35:38,800 Speaker 2: Jd Vance, the Vice president on Twitter, Genie, Democrats don't 664 00:35:38,840 --> 00:35:42,080 Speaker 2: care about Epstein. They don't even care about his victims. 665 00:35:42,320 --> 00:35:45,680 Speaker 2: And we've heard Republicans say that on this program. That's 666 00:35:45,760 --> 00:35:48,560 Speaker 2: why they were silent about it for years. The only 667 00:35:48,640 --> 00:35:51,239 Speaker 2: thing they care about is concocting another fake scandal like 668 00:35:51,360 --> 00:35:54,600 Speaker 2: rushigate de smear President Trump with lies. No one is 669 00:35:54,640 --> 00:35:57,920 Speaker 2: falling for this bs. That was his response to the 670 00:35:58,000 --> 00:36:01,640 Speaker 2: letter that went public last evening. I've been hearing that 671 00:36:01,680 --> 00:36:04,040 Speaker 2: a lot that Democrats don't care about the victims. They're 672 00:36:04,040 --> 00:36:06,160 Speaker 2: simply trying to hang this around the neck of the president. 673 00:36:06,160 --> 00:36:09,160 Speaker 2: What should be Democrats' response, knowing that this could have 674 00:36:09,200 --> 00:36:11,359 Speaker 2: been addressed years ago. 675 00:36:12,440 --> 00:36:16,200 Speaker 9: It should be We're so glad you're supportive of the victims. 676 00:36:16,520 --> 00:36:21,000 Speaker 9: Vice President, release the files and they as they have requested. 677 00:36:21,560 --> 00:36:21,960 Speaker 9: That's it. 678 00:36:22,160 --> 00:36:23,440 Speaker 5: That's all they have to say. 679 00:36:23,719 --> 00:36:26,319 Speaker 9: I'm not sure you know this is where the Republicans 680 00:36:26,320 --> 00:36:27,880 Speaker 9: are like really trying. 681 00:36:27,760 --> 00:36:29,880 Speaker 5: To claw out of a problem. 682 00:36:30,360 --> 00:36:33,160 Speaker 9: Even if that's the case, Democrats don't care at all. 683 00:36:33,880 --> 00:36:36,680 Speaker 9: Why don't you care enough to do what the victims 684 00:36:36,719 --> 00:36:39,719 Speaker 9: are asking so that they can get closure, many of 685 00:36:39,760 --> 00:36:43,600 Speaker 9: whom can't even recall giving the amount of PTSD they 686 00:36:43,600 --> 00:36:47,400 Speaker 9: have experienced, the how they are referenced in these files. 687 00:36:47,400 --> 00:36:50,800 Speaker 5: They haven't seen them. They're asking to. If that's the case, mister. 688 00:36:50,719 --> 00:36:54,480 Speaker 9: Vice President, please by all means show your support and 689 00:36:54,560 --> 00:36:55,520 Speaker 9: release the files. 690 00:36:55,560 --> 00:36:57,319 Speaker 5: That's it. And so you know. 691 00:36:57,440 --> 00:37:00,279 Speaker 9: Jd Vance his Twitter has been fascinating to me, by 692 00:37:00,320 --> 00:37:02,480 Speaker 9: the way, whether it's on the Venezuela boat thing or 693 00:37:02,520 --> 00:37:05,360 Speaker 9: anything else these days, but it doesn't seem. 694 00:37:05,239 --> 00:37:06,240 Speaker 5: To help their cause. 695 00:37:06,560 --> 00:37:08,920 Speaker 9: And on the Bill Clinton letter, Joe, if you can 696 00:37:09,000 --> 00:37:12,319 Speaker 9: tell me what that letter meant, I will pay you. 697 00:37:12,640 --> 00:37:15,280 Speaker 9: I don't have en million dollars with something, Joe, because 698 00:37:15,280 --> 00:37:16,040 Speaker 9: I tried. 699 00:37:15,760 --> 00:37:17,560 Speaker 5: To make sense of it. 700 00:37:17,560 --> 00:37:20,560 Speaker 9: It was nonsensical to me. And maybe it's just me. 701 00:37:20,640 --> 00:37:23,000 Speaker 9: I'm not in that mindset, and nor do I want 702 00:37:23,000 --> 00:37:24,560 Speaker 9: to be. But I couldn't make any sense of that 703 00:37:24,920 --> 00:37:25,640 Speaker 9: birthday note. 704 00:37:25,680 --> 00:37:27,880 Speaker 2: I would not think you are, nor Rick Davis for 705 00:37:27,920 --> 00:37:31,040 Speaker 2: that matter. Yes, it's quite the Rogues gallery and quite 706 00:37:31,080 --> 00:37:34,000 Speaker 2: the read genie. Thank you and Rick Davis for humoring 707 00:37:34,080 --> 00:37:36,480 Speaker 2: us in this conversation that apparently will not be ending 708 00:37:36,520 --> 00:37:38,960 Speaker 2: anytime soon. It may well continue a little bit later 709 00:37:39,000 --> 00:37:41,200 Speaker 2: on at the White House. We've also got the matter 710 00:37:41,239 --> 00:37:45,520 Speaker 2: of this massive BLS downward revision that I suspect the 711 00:37:45,520 --> 00:37:47,760 Speaker 2: White House does want to talk about in the President 712 00:37:47,760 --> 00:37:50,239 Speaker 2: will shine a light on here as a justification based 713 00:37:50,239 --> 00:37:52,440 Speaker 2: at least on the statement that they issued earlier on 714 00:37:52,480 --> 00:37:56,920 Speaker 2: this record revision, a justification of President Trump's firing of 715 00:37:57,080 --> 00:38:00,239 Speaker 2: the BLS Commissioner Rick Davis and Genie Shan's Ain't no 716 00:38:00,280 --> 00:38:02,960 Speaker 2: Bloomberg Politics contributors and only on Balance of Power. 717 00:38:03,160 --> 00:38:05,600 Speaker 3: Thanks for listening to the Balance of Power podcast. 718 00:38:06,200 --> 00:38:09,360 Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify, 719 00:38:09,440 --> 00:38:12,000 Speaker 2: or wherever you get your podcasts, and you can find 720 00:38:12,080 --> 00:38:15,320 Speaker 2: us live every weekday from Washington, DC at noontime Eastern 721 00:38:15,600 --> 00:38:17,120 Speaker 2: at Bloomberg dot com.