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Speaker 1: From our nation's capital government. What are the political reality

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Speaker 1: the President has increasingly frustrated. I want to try to

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Speaker 1: cut through the noise politically. This is devastating sounds, the influencers,

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Speaker 1: the insiders. It is no secret that I care a

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Speaker 1: lot about the consumers. There are real questions about big tech.

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Speaker 1: We still have more leverage to us with the tariffs.

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Speaker 1: I think we can do a lit a little less

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Speaker 1: drama from the White House. This is sound on with

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Speaker 1: Kevin's really on Bloomberg Radio. Have the State of the

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Speaker 1: Union Tuesday, folks, Just a couple of hours from now,

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Speaker 1: President Trump heads up to Capitol Hill to take part

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Speaker 1: in the time honored tradition of delivering his State of

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Speaker 1: the Union address. It comes following big developments on trade policy.

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Speaker 1: On the government shutdown, the President not expected to declare

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Speaker 1: a national state of emergency over to over the US

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Speaker 1: Mexico border wall in order to get funding. We have

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Speaker 1: this covered from every angle with an all star guest lineup.

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Speaker 1: The Democratic National Committee Chairman Tom Perez he'll call in,

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Speaker 1: and then Sean Spicer, former White House Press Secretary, also

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Speaker 1: joining us later this hour, and Julie Grace Bruskie Capitol

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Speaker 1: Hill reporter at the Hill Newspaper with me for the

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Speaker 1: hour to navigate the news, navigate the policy. And just

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Speaker 1: a few short hours from now, President Trump will head

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Speaker 1: to Capitol Hill. He will go into the House Chamber.

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Speaker 1: Virtually everyone in government will be in that room, of course,

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Speaker 1: but the loan designated survivor. He will stand in front

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Speaker 1: of Vice President Mike Pence and Speaker Nancy Pelosi and

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Speaker 1: deliver the State of the Union address. He is expected

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Speaker 1: to cover everything from funding along the US Mexico border

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Speaker 1: the wall. Uh. It comes just a few short days

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Speaker 1: ahead of really lawmakers having a chance to avert another

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Speaker 1: partial government shutdown, not to mention a very divided time

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Speaker 1: in American politics. I spoken with several senior administration officials

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Speaker 1: who have told me that they are hoping this will

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Speaker 1: be an uplifting, aspirational speech, but it really comes on

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Speaker 1: the topics of incredibly divisive issues. Joining us on the line,

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Speaker 1: the Democratic National Committee Chairman, Tom Perez, Mr Chairman, thank

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Speaker 1: you for calling in and joining us. What will you

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Speaker 1: be looking for tonight when the President delivers the State

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Speaker 1: of the Union, I will be I will be looking

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Speaker 1: for any indication that he actually wants to unite our

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Speaker 1: country as opposed to divide our country. I would love

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Speaker 1: to be proven wrong, but regrettably, if history is a guide. Uh,

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Speaker 1: division and dissension and distraction have been his DNA throughout

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Speaker 1: his campaign and throughout his governance. Democrats want to work

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Speaker 1: together on infrastructure. We want to work together to make

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Speaker 1: sure if you have diabetes or another pre existing condition,

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Speaker 1: you keep your insurance. We want to work to gether

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Speaker 1: to lower the cost of prescription drugs and address the

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Speaker 1: profeterian that has occurred. Those are the things we want

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Speaker 1: to do. And historically those have been uh issues where

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Speaker 1: there have been some bipartisan space to work and I'd

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Speaker 1: love to do that. And UH, and we we are

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Speaker 1: going to continue to fight like heck, that's how we

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Speaker 1: got elected d n C Chairman Tom Perez joining us

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Speaker 1: on the line. Uh, the the individual in charge of

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Speaker 1: the Democratic Party, of course, which just took over the

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Speaker 1: majority in the House of Representatives. You were talking about

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Speaker 1: areas of potential compromise, whether it's infrastructure, whether it's lowering

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Speaker 1: the costs of prescription drugs, UM on foreign policy. Uh,

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Speaker 1: you know, we've seen Speaker Pelosi as well as most

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Speaker 1: Democrats come out in favor of the interim that as

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Speaker 1: well as President mon Guido uh and denounced the Madura dictatorship.

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Speaker 1: But I gotta be honest, Mr Chairman, I mean you

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Speaker 1: and I talk about this, We were talking about this

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Speaker 1: earlier on Dumber television. I mean it, really, when the

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Speaker 1: president is gonna talk about the wall, I'm not sure

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Speaker 1: that's a unifying message or something that really anyone in

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Speaker 1: the Democratic Party would would get on board us. Well,

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Speaker 1: the problem with the wall is it's not it's a

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Speaker 1: political trophy. He he ran for office, he bede attested

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Speaker 1: this message about the wall. The masses on his uh

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Speaker 1: far right base loved it, and so it became his mantra.

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Speaker 1: And by the way, you may recall he said in

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Speaker 1: Mexico's gonna pay for it. It's a political trophy. It's

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Speaker 1: not a security strategy. Uh. We Democrats take a backseat

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Speaker 1: to no one in our commitment to secure borders. The

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Speaker 1: way you do that is to investing and technology and

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Speaker 1: making sure we have the complement of judges to judicate

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Speaker 1: the cases. UM investing an airport security um two thirds

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Speaker 1: or something like that. As the people who are here

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Speaker 1: who are unauthorized came here through airports, didn't come here

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Speaker 1: along the border. Uh. The you know, we we see

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Speaker 1: one of the areas where we wanted to build the wall,

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Speaker 1: there was a tunnel underneath right now. And and so

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Speaker 1: those are the things we have to address the problem

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Speaker 1: here is he manufactured a crisis so that he could

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Speaker 1: deflect attention, uh from the fact that this is a

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Speaker 1: political trophy. And so that is the problem and he

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Speaker 1: just needs to do now age that and and move on.

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Speaker 1: We we were happy to work on those other security measures,

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Speaker 1: and those are security measures that will actually make it difference.

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Speaker 1: D n C Chairman Tom for us with us on

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Speaker 1: the line. Mr Chairman, you're gonna be joining House Speaker

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Speaker 1: Nancy Pelosi. You're her one of her official guests of

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Speaker 1: this State of the Union. So how do you think

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Speaker 1: Speaker Pelosi is doing? Um? So thrilled with her leadership.

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Speaker 1: I I worked with her when I was the head

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Speaker 1: of the Civil Rights Division and then Labor Secretary. I

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Speaker 1: saw her north star in action. She is a fighter,

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Speaker 1: and her north star everyday Americans who want to get

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Speaker 1: ahead and people I know there are a few of

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Speaker 1: the Democratic Party didn't support her. Boy I I sure did.

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Speaker 1: And U and over the first month of her tenure

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Speaker 1: as the speaker, I think the American people have seen

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Speaker 1: why she has a steely resolve. She has a commitment

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Speaker 1: to making sure we're fighting for all of the issues

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Speaker 1: that people. It sounds like, it sounds like, respectfully to

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Speaker 1: my to my colleagues in the media, this this issue

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Speaker 1: of division amongst the House Democratic ranks, I don't really

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Speaker 1: see that. I mean, I know there is some substantial

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Speaker 1: policy disagreements, but it's as of now, it sounds like

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Speaker 1: all of the Democratic House members, whether they're more centrist

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Speaker 1: or their Congressman Alexandria Acostia Cortez, are are fully supporting

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Speaker 1: how she's navigating this the shutdown. I mean that's and

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Speaker 1: she got the gavel twice. I mean, it sounds like

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Speaker 1: she's very much in the driver's seat in terms of

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Speaker 1: the party in the House. Well listen, I think she's

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Speaker 1: going to go down as one of the most effective

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Speaker 1: Speakers of the House in American history, at least modern

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Speaker 1: American history. And I think there is a unity of

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Speaker 1: purpose in the House of Representatives. And I also think

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Speaker 1: there is an acute understanding that we must never conflate

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Speaker 1: unity and unanimity. Uh wow, what do you mean by that?

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Speaker 1: And um, there we are at coverage on healthcare. We've

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Speaker 1: gotten you know, roughly nine intent people covered as a

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Speaker 1: result of the Affordable Care Act passage and what Democrats

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Speaker 1: did in the sixties with Medicare and Medicaid. And we

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Speaker 1: need to get from Democrats believe all Democrats believe in

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Speaker 1: health care should be right for all and not a

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Speaker 1: privilege for a few. Yeah, we're having a conversation. It's

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Speaker 1: a spirited conversation about how do we get from rich.

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Speaker 1: But what we all agree on is that our job

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Speaker 1: is to get from the other side is fighting to

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Speaker 1: take us from ninety backward. Uh. You know, you have

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Speaker 1: a pre existing condition under the president, under President Obama's leadership,

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Speaker 1: people could maintain their insurance. Under President Trump's aspiration, Uh,

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Speaker 1: they don't. And so that's the point that I think

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Speaker 1: is sometimes lost. We may have differences on the means

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Speaker 1: to get there, but the values of the Democratic Party,

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Speaker 1: the belief that opportunity should exist in every zip code,

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Speaker 1: the belief that no matter where you were born, no

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Speaker 1: matter who you worship, what's your first language was, who

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Speaker 1: you love, opportunity should be available to you the belief

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Speaker 1: that education is the great equalizer, and we need to

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Speaker 1: make sure we're investing in our young people so that

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Speaker 1: they can be the leaders of tomorrow. Belief and clean

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Speaker 1: air and clean water, those are those are principles that

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Speaker 1: unite the Democratic Party. D n C Chairman Tom Perez.

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Speaker 1: I know you've got to get up to Capitol Hill

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Speaker 1: to go to go to the State of the Union

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Speaker 1: with speaker policy, But I gotta ask you this situation

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Speaker 1: with Governor Northam, what what do you what do you

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Speaker 1: make of this? Well, we called on Saturday forthernor Governor

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Speaker 1: Northam to uh to step down and and I didn't

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Speaker 1: do it lightly, um, But the reality is, I think

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Speaker 1: his past actions are an athetical to what the Democratic

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Speaker 1: Party stands for, and I think he's lost the trust

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Speaker 1: and competence of voters. Does Abraham Lincoln once said public

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Speaker 1: sentiment is everything, and when you have it, nothing can fail,

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Speaker 1: and without it, nothing can succeed. And that's the reality

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Speaker 1: of the situation right now. And the thing about our party,

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Speaker 1: which I think is very different from the other party,

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Speaker 1: is that the Democrats have never hesitated to hold people

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Speaker 1: accountable who have violated our values, whether they're democ had

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Speaker 1: to Republicans the other side. I mean, we can start

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Speaker 1: with the President and they don't uh seem to care.

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Speaker 1: They just want to weather the storm. We are values

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Speaker 1: in the Democratic Party are not situational and and that's

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Speaker 1: why I'm proud d n C Chairman som Press, someone

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Speaker 1: I've covered now for like several years. I covered you

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Speaker 1: back in the Obama administration. I remember that speech you gave.

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Speaker 1: I think it was in union station on apprenticeships and

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Speaker 1: also an avid bike rider, So you'll have to we'll

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Speaker 1: have to go on a bike ride, Mr Chairman, and

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Speaker 1: you can catch you know, on the way to get

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Speaker 1: the work. Yeah, and you know, especially on a day

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Speaker 1: like today. D n C Chairman Tom Perez appreciate the

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Speaker 1: call in. I'll see you up there on Capitol Hill

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Speaker 1: after the show. Raps coming up, folks, We've got Sean Spicer,

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Speaker 1: former White House Spress Secretary. He's calling in. And remember

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Speaker 1: you can check out all of our interviews on the

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Speaker 1: I Heart Radio app as well as on Apple iTunes.

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Speaker 1: I'm Kevin Surreally you're listening to Bloomberg on This is

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Speaker 1: Sound On with Kevin's to relate on Bloomberg one and

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Speaker 1: one oh five point seven of them. HD two Baltimore.

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Speaker 1: Welcome back, folks. What a really beautiful day. I mean

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Speaker 1: talk about wacky weather beautiful day. I did sneak in

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Speaker 1: and run today in between TV hits, and I uh

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Speaker 1: got all of that energy out of my system. After this,

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Speaker 1: I'm headed up to Capitol Hill. Bloomberg's special coverage starts

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Speaker 1: at eight thirty tonight for the President's State of the

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Speaker 1: Union address. We're just a few short hours away. We

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Speaker 1: did get some headlines Bloomberg News reporting that the President

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Speaker 1: will not declare h the wall situation an emerging a

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Speaker 1: national emergency down at the US Mexico border. Uh. And

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Speaker 1: so we're not going to get that national emergency. That's

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Speaker 1: interesting because it comes in the middle of negotiations up

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Speaker 1: with Senator Richard Shelby, a Republican from Louisiana, earlier today

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Speaker 1: I'm sorry, Republican from Alabama earlier today, and he was

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Speaker 1: telling me that he wants the President to help lawmakers

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Speaker 1: to get to a deal to avert another partial government shutdown. Well,

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Speaker 1: someone who knows all about the inner workings of the

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Speaker 1: White House, who has advised the president on how to

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Speaker 1: deliver a State of the Union address is someone who

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Speaker 1: needs really no introduction. Sean Spicer joining us on the line,

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Speaker 1: Former White House Press Secretary Sean, thank you very much

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Speaker 1: for calling in a long time. No talk bah, when

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Speaker 1: we will come down. How are you living the dream

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Speaker 1: of day at a time? So listen. What are we

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Speaker 1: gonna hear from President Trump tonight? Well, I think you're

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Speaker 1: gonna hear kind of two things. One, two big things,

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Speaker 1: if you will. One is I think he's going to

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Speaker 1: spend a decent amount of time really going back and

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Speaker 1: talking about what the last two years of looked like,

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Speaker 1: what where things were and where things are now, the

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Speaker 1: accomplishments that his administration has made, whether it's economically or

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Speaker 1: in terms of the judiciary, so many other things. I

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Speaker 1: know you spent a lot of time in Bloomberg always

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Speaker 1: talking about, you know, economic news, and think about it.

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Speaker 1: For people who tuned in and dialed in, you can

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Speaker 1: kind of know where things have changed in ticked up

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Speaker 1: or ticked down. I think for the average American though,

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Speaker 1: you know you you see these things in peace mail

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Speaker 1: once in a while. This is what the economy did.

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Speaker 1: This is what unemployment did. I think the President recognizes

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Speaker 1: that the size and scope of the of the state

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Speaker 1: of the Union gives you an opportunity to really put

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Speaker 1: all those pieces together, to connect the dots, if you will,

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Speaker 1: and explain the totality of how things have changed. The

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Speaker 1: second thing I think he's gonna do is layout a

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Speaker 1: vision of American greatness and talk about where we can

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Speaker 1: go from here. He's gonna talk about health care. He's

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Speaker 1: gonna talk about infrastructure, um in, modernizing the permitting process,

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Speaker 1: really making sure that we're doing things that actually kick

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Speaker 1: starting the economy and keeping moving ahead. You're gonna talk

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Speaker 1: about border security, the importance of it, why it's important

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Speaker 1: for the future of our country, the humanitarian aspects of

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Speaker 1: what the President did. You're gonna hear more about what

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Speaker 1: we need to do to keep the economy movement. You know,

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Speaker 1: I I want to focused back on the first point

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Speaker 1: that you mentioned, because Shaw twice you're joining us on

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Speaker 1: the line. Former White House Press Secretary and and currently

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Speaker 1: now a senior advisor and spokesman for America First Action,

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Speaker 1: which isn't a group obviously supporting the re election of

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Speaker 1: of President Donald Trump. Sean on the issue of the economy.

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Speaker 1: I mean, I'm really struck by this because when I

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Speaker 1: talked to Democrats, when I interviewed Democratic staffords, Democratic members

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Speaker 1: of Congress, they're, truthfully, is a lot of a consensus

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Speaker 1: on the issue of negotiating with China on intellectual property,

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Speaker 1: on defending US business interests from Chinese giant telecommunication firms,

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Speaker 1: and whatnot. And I'm actually struck by by really why

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Speaker 1: the President has I don't know, from the lack of

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Speaker 1: a better phrase, not really doubled down on that. And

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Speaker 1: and so I mean, do you think tonight we could

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Speaker 1: get him even more aggressively talking about China instead of

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Speaker 1: the wall. Well, I think it's gonna be part of it, absolutely.

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Speaker 1: I mean I think that he um. But I think that,

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Speaker 1: you know, the one thing about the wall that people

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Speaker 1: have to understand is it truly is in some way

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Speaker 1: the proxy for so much of what he campaigned on,

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Speaker 1: and and he believes in it truthfully, you know, he

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Speaker 1: honestly word to him, it's symbolical why one of the

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Speaker 1: things that he ran on, And so it's not you know,

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Speaker 1: I I also don't think it's a binary choice. He's

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Speaker 1: been very clear on China. That's very tough on China.

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Speaker 1: Um and in terms of market access, intellectual property, all

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Speaker 1: of the things that you mentioned tariffs and um uh

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Speaker 1: ownership percentages and structures that that our folks have to

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Speaker 1: uh deal with over there, but they don't have to

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Speaker 1: deal with over here. And he has been fairly aggressive

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Speaker 1: when it comes to this kind of stuff. So I

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Speaker 1: don't think he used it as a binary choice. You

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Speaker 1: have to do one or another. So okay, take us

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Speaker 1: behind the scenes, because we like to do this on

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Speaker 1: this show as well. How does the president or how

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Speaker 1: does President Trump get ready for a State of the

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Speaker 1: Union address? What goes into crafting a major national address

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Speaker 1: for President Donald Trump? Well, you know, I I think

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Speaker 1: even yesterday I was with the President and the Vice

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Speaker 1: president and kind of talking about the speech, and the

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Speaker 1: President left towards end and said, all right, I'm gonna

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Speaker 1: go practice. Um he you know, when I was there,

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Speaker 1: he would we would sit in the map room, he

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Speaker 1: would go over the speech. I mean he is he

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Speaker 1: is literally tweaking that speech up until the moment he

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Speaker 1: goes And he was intimately involved in that speech more

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Speaker 1: than I had ever seen him involved in any other product.

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Speaker 1: Or you know, or speech or or anything that he

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Speaker 1: had given maybe save the convention speech. But I wasn't

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Speaker 1: as intimately involved at that point, so I can't speak

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Speaker 1: to it, but I would say that I spent he

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Speaker 1: spent more time really tweaking, really thinking, and it is

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Speaker 1: you know, it is one of those speeches that is him. Um,

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Speaker 1: every single word he weighs in on and and and

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Speaker 1: so you know that's the that that's that's what he's doing.

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Speaker 1: And then I think he finally once he feels comfortable

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Speaker 1: with it, he goes upstairs and gets ready. But he's that,

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Speaker 1: that is he is prepping for that form White House

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Speaker 1: Press Secretary and senior Advisor and spokesman for America first

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Speaker 1: action with me on the line. I'm struck by this

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Speaker 1: in terms of the preparation and and and Sean, you

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Speaker 1: know this. I mean, we're living in an incredibly politically divided,

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Speaker 1: divisive time, and the wall has truly become so divided.

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Speaker 1: I mean, and and I don't really want to get

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Speaker 1: into the you know, this is on the show where

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Speaker 1: we're going to debate, but I'm curious for the tone tonight.

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Speaker 1: Something that I will truly be watching for is the

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Speaker 1: tone that he writes on the issue of the wall,

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Speaker 1: because in his pitch to he he has the base.

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Speaker 1: But in his pitch to independence, and his pitch to Democrats,

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Speaker 1: and in his pitch to the members of Congress in

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Speaker 1: that room who are going to literally be crafting this deal,

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Speaker 1: crafting a piece of legislation that will end up on

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Speaker 1: his desk, how will he describe and go into detail

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Speaker 1: on the issue of the border security. Will will folks

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Speaker 1: too are not as obsessed with politics as our audience

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Speaker 1: or you and I are. Will they be surprised at

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Speaker 1: how he talks about the walls. I can't say that

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Speaker 1: I've seen that obviously, Like I just said, he's looking

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Speaker 1: up until the end. But what I heard yesterday is

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Speaker 1: going to be a president who talks about kind of

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Speaker 1: three things in this as far as I can tell.

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Speaker 1: One is the security piece, the need to to protect

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Speaker 1: our people and and and and be a nation of laws. Too.

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Speaker 1: Is the humanitarian piece of this, the women and children

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Speaker 1: that are traffered across our border, the drugs that come

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Speaker 1: across our border. Um, and so I uh, I think

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Speaker 1: that you're you're gonna see that. And then third is

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Speaker 1: to your point, I don't think he's I think the

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Speaker 1: way that he's going to come at this from a

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Speaker 1: you know, political standpoint, if you will, small p and

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Speaker 1: I think he's gonna basically say, look, Democrats, many of

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Speaker 1: you in this audience tonight have voted for the following

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Speaker 1: and kind of depoliticized it and say, this is what

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Speaker 1: you've supported, this is this. I'll take basically what you've

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Speaker 1: exactly voted for a papped on four. And I think

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Speaker 1: that that's where um again, because of the size and

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Speaker 1: scope of the audience, it's an opportunity for him to

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Speaker 1: to explain to people who might not follow the back

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Speaker 1: and forth on a day to day basis and make

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Speaker 1: them understand that it's not like he's asking for something

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Speaker 1: that's completely out of the mainstream. This is, in most cases,

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Speaker 1: stuff that the Democrats have actually all voted for. Yeah,

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Speaker 1: I gotta say. I was actually just talking to Authir

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Speaker 1: before the show with a colleague. I don't care who

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Speaker 1: the president is. I don't care if it's a Republican

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Speaker 1: and Democrat State of the Union night is. It's it's

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Speaker 1: always an amazing night. I mean, just to see all

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Speaker 1: of the power in one room and I'm headed up

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Speaker 1: there after, we have special coveragetarting at eight thirty on

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Speaker 1: Bloomberg Television, and full policy analysis in terms of how

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Speaker 1: the market will be pricing this, in terms of how

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Speaker 1: business leaders will be pricing this, and really making decisions

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Speaker 1: off of the messaging coming from President Trump tonight. His

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Speaker 1: his opportunity to not just talk about the wall, not

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Speaker 1: just talk about trade policy, but also to to offer

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Speaker 1: glimpses of new things. I think you're gonna hear about

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Speaker 1: housing reform. I'm curious to see how that's gonna play out.

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Speaker 1: But before I let you go, Sean, Sean Spicer my guest,

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Speaker 1: and I appreciate the for you calling in, Uh, what

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Speaker 1: is what is your I read your book? It was

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Speaker 1: if you agree with President Trump or disagree? Reach on

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Speaker 1: Spicer's book because it's really really a fascinating read. But

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Speaker 1: I want to get your your take. What will you,

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Speaker 1: Sean Spicer be watching and listening for tonight from President Trump.

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Speaker 1: That's a good question. Thank you. I appreciate the kind plug,

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Speaker 1: and people actually want to go forward. You can go

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Speaker 1: to Sean Spicer dot com and get the book and

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Speaker 1: all sorts of fun. All thanks Sean, But find word. Um.

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Speaker 1: But but here's what I'm gonna be looking at for

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Speaker 1: the first time in his administration, which is, you know,

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Speaker 1: now the third time he's started to help to do this.

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Speaker 1: He's gonna have a Democratic speaker behind him, and and

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Speaker 1: and and he's used to having Paul Ryan Clapp, you know,

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Speaker 1: alongside vice president. And I think the State of the

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Speaker 1: Union is to your point, it's majestic, and there is

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Speaker 1: this sense of imagery, and so what is Nancy Pelosi

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Speaker 1: gonna do? Obviously Mike Pence will get up in clap

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Speaker 1: dutifully as the vice president, and and so I we

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Speaker 1: all get that. The question is gonna be what does

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Speaker 1: Nancy Pelosi do or not do? What does her facial

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Speaker 1: expression look like, what does she clap for or not

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Speaker 1: clap for? I think that's where I'm gonna be looking

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Speaker 1: for that and what Democrats responses, because it's not I

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Speaker 1: don't think they're gonna march in unison. I think you're

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Speaker 1: gonna have Democrats on some issues that the President brings up,

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Speaker 1: agree with the President and maybe at the same time

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Speaker 1: not seeing you know, not having Nancy Pelosi, um, you know,

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Speaker 1: you know, sort of be be joining in some of

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Speaker 1: that so that you know, the question is is they're

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Speaker 1: split within some of the folks. Uh, what is she

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Speaker 1: clap for? What is she not clap for? What is

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Speaker 1: you know, there's gonna be so much by that. I

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Speaker 1: totally agree, And I said this yesterday because I think

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Speaker 1: that's gonna be really interesting. I mean, and she's we

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Speaker 1: just had Tom Perez and she's got the House Democrats unified.

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Speaker 1: But I think tonight is going to be fascinating. I mean,

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Speaker 1: as a political junkie, you know that, Sean, I'm addicting,

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Speaker 1: And that's exactly it. Like, you know what I'm saying.

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Speaker 1: You were in the same boat on that, which is

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Speaker 1: that I think part of this is, you know, is

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Speaker 1: that um is uh? It is those reactions, those facial

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Speaker 1: because if you're junkie, you understand it, right, So that

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Speaker 1: Paul Ryan was always going to stand and do this

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Speaker 1: until you knew what the imagery he's gonna look for.

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Speaker 1: But this time the dynamic is different, and so many

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Speaker 1: of those folks who are the ranking file that are

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Speaker 1: sitting in the chamber are kind of looking up to

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Speaker 1: get their cues. Do I stand, do I sit? Do

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Speaker 1: I clap? Do I not? Um? And I think that

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Speaker 1: you know, on both side, like the Republicans are looking

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Speaker 1: at Pennson, Okay, if your class is good, you're not.

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Speaker 1: And now you're gonna see the Democrats, and I think

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Speaker 1: it's gonna be fabulous um to see you know what

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Speaker 1: what that response looks like. So okay, this is my

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Speaker 1: really yeah, this is my actual will final question. But

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Speaker 1: it help us peel back the curtain a little bit,

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Speaker 1: do you they if no matter what party you're in,

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Speaker 1: does a leadership actually send out like a message like

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Speaker 1: take your cues when when this person claps, you clap

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Speaker 1: when this person sits you. And first of all, number

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Speaker 1: one number one, you know this is a in a

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Speaker 1: season reporder if that went out and I tweeted out right,

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Speaker 1: number number one. Number two is the Republicans, especially on

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Speaker 1: our side. I think we the Democrats doing much better

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Speaker 1: job of kind of following the cues of their leadership.

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Speaker 1: If you think about the Freedom Caucus alone, I mean,

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Speaker 1: they're they're they've been they sort of weren't they weren't

431
00:23:39,400 --> 00:23:42,600
Speaker 1: you know that one caucus. Uh, those one group of

432
00:23:42,600 --> 00:23:45,640
Speaker 1: individuals are certainly not taking their cues from leadership. So

433
00:23:45,880 --> 00:23:49,120
Speaker 1: I think that you know, there's there's sort of an

434
00:23:49,200 --> 00:23:51,720
Speaker 1: expectation or understanding, and if it's kind of like one

435
00:23:51,760 --> 00:23:53,560
Speaker 1: of those, I fear ever in doubt look up to

436
00:23:53,600 --> 00:23:56,840
Speaker 1: know whether you should being or not. But but I

437
00:23:56,880 --> 00:23:59,520
Speaker 1: always find it fascinating those aren't one off, right, which

438
00:23:59,560 --> 00:24:03,200
Speaker 1: is like, you know, the leader of the party started clapping,

439
00:24:03,200 --> 00:24:06,000
Speaker 1: buddy group. So sometimes it's regional, right, So you might

440
00:24:06,040 --> 00:24:09,040
Speaker 1: have something like Onno that all of the folks from

441
00:24:09,080 --> 00:24:11,560
Speaker 1: the Midwest are clapping about because it's not partisan, but

442
00:24:11,600 --> 00:24:14,359
Speaker 1: it's regional. Sometimes you have something that's that's you know,

443
00:24:14,440 --> 00:24:17,560
Speaker 1: just niche issue. Yeah, So it's always fascinating to me

444
00:24:17,680 --> 00:24:20,080
Speaker 1: to see these things how they break. All right, Sean

445
00:24:20,160 --> 00:24:21,960
Speaker 1: Spice have been more than generous with this time tonight.

446
00:24:22,080 --> 00:24:24,560
Speaker 1: Former White House Press secretary and a senior advisor and

447
00:24:24,560 --> 00:24:26,920
Speaker 1: spokesman for America. First go to Sean Spicer dot com.

448
00:24:26,960 --> 00:24:28,640
Speaker 1: Check out his book again if you like President Trump,

449
00:24:28,640 --> 00:24:31,160
Speaker 1: if you don't like President Trump. It's a fascinating perspective

450
00:24:31,240 --> 00:24:33,800
Speaker 1: and one that is worth o read. Thank you, Sean.

451
00:24:33,960 --> 00:24:36,440
Speaker 1: Coming up next, we've got an all start. Thank you Sean.

452
00:24:36,800 --> 00:24:39,119
Speaker 1: Coming up next to an all star panel. Uh, and

453
00:24:39,160 --> 00:24:46,879
Speaker 1: I'm Kevin Sili. You're listening to Bloomberg. M this is

454
00:24:47,000 --> 00:24:51,280
Speaker 1: sound on with Kevin's your related on Bloomberg one and

455
00:24:51,400 --> 00:24:55,639
Speaker 1: one seven M h D two bows them all. Welcome back.

456
00:24:56,119 --> 00:24:58,320
Speaker 1: Just a couple of hours from now, President Trump will

457
00:24:58,359 --> 00:25:00,919
Speaker 1: be delivering his State of the Union. Addressed earlier in

458
00:25:00,960 --> 00:25:03,440
Speaker 1: the show, we had d n C Chairman Tom Perez

459
00:25:03,720 --> 00:25:07,280
Speaker 1: and Sewn Spicer, former White House Press Secretary. Julie Grace

460
00:25:07,400 --> 00:25:10,560
Speaker 1: Roughie Capitol Hill reporter at The Hill Newspaper where I

461
00:25:10,640 --> 00:25:13,200
Speaker 1: used to work, joined joining us listening to those interviews.

462
00:25:13,280 --> 00:25:15,000
Speaker 1: Julie Grace, thank you, first of all so much for

463
00:25:15,040 --> 00:25:18,879
Speaker 1: being here. Always excited to join another Filly native. Yes, yes,

464
00:25:19,000 --> 00:25:20,760
Speaker 1: And Senator to Kramer, who, by the way, I was

465
00:25:20,800 --> 00:25:23,280
Speaker 1: on yesterday knows Carson Wentz and they text on the

466
00:25:23,359 --> 00:25:26,800
Speaker 1: reg um. Envious and I'm also just disappointed the Eagles

467
00:25:26,840 --> 00:25:30,120
Speaker 1: weren't in the super very disappointing. Back to politics. Also

468
00:25:30,160 --> 00:25:32,000
Speaker 1: a friendly reminder, you can check us out on iTunes

469
00:25:32,200 --> 00:25:34,240
Speaker 1: after the show or on the I Heart Radio app.

470
00:25:34,680 --> 00:25:38,359
Speaker 1: The State of the Union, Julie Grace is what stand

471
00:25:38,400 --> 00:25:45,840
Speaker 1: the Union is interesting? For sure? Uh, I would say divided.

472
00:25:47,560 --> 00:25:49,680
Speaker 1: I think the theme of the speech is supposed to

473
00:25:49,720 --> 00:25:52,399
Speaker 1: be largely unity tonight, which will be It'll be interesting

474
00:25:52,400 --> 00:25:54,679
Speaker 1: to see how that plays out, given I'm an optimist

475
00:25:54,920 --> 00:25:57,639
Speaker 1: for the past few weeks. I'm an optimist, and I

476
00:25:57,680 --> 00:25:59,439
Speaker 1: actually think that I would say the state of the

477
00:25:59,480 --> 00:26:02,560
Speaker 1: Union isn't incredibly plugged into what is happening in politics

478
00:26:02,720 --> 00:26:05,040
Speaker 1: right now. I have never seen so many people on

479
00:26:05,240 --> 00:26:10,160
Speaker 1: either side like following every twist and turn of of politics.

480
00:26:10,160 --> 00:26:12,720
Speaker 1: I mean, it's it's everywhere. It's fascinating. I mean, I

481
00:26:12,760 --> 00:26:15,520
Speaker 1: think a lot of it. It kind of is. It's

482
00:26:15,560 --> 00:26:18,200
Speaker 1: such a different administration just because of the entertainment aspect

483
00:26:18,280 --> 00:26:19,920
Speaker 1: of it. Why don't you people tune into it in

484
00:26:19,920 --> 00:26:23,200
Speaker 1: a way that they didn't pass administration? Yeah, and it's

485
00:26:23,680 --> 00:26:25,920
Speaker 1: it's I would say, some days it's bad reality TV,

486
00:26:26,000 --> 00:26:28,679
Speaker 1: other days it's somewhat interesting reality TV. I think that

487
00:26:28,760 --> 00:26:31,920
Speaker 1: the back and forth with Speaker Pelosi and President Trump

488
00:26:31,920 --> 00:26:35,000
Speaker 1: tonight is going to be fascinating to watch after she

489
00:26:35,080 --> 00:26:39,200
Speaker 1: retracted the invitation sit behind him. I feel like the

490
00:26:39,200 --> 00:26:42,639
Speaker 1: facial expressions I know, and I mean, it's it's gonna

491
00:26:42,680 --> 00:26:46,120
Speaker 1: be And I actually can't wait on such a political

492
00:26:46,119 --> 00:26:48,120
Speaker 1: dork when it comes to this stuff. I truly kind

493
00:26:48,119 --> 00:26:49,560
Speaker 1: of way to get up there. You're going up there too.

494
00:26:49,800 --> 00:26:51,480
Speaker 1: What did you think of what Tom Perez said, the

495
00:26:51,520 --> 00:26:52,960
Speaker 1: former dan C chairman, And what do you think of

496
00:26:52,960 --> 00:26:55,560
Speaker 1: what Sewan had to Saide. I think they're both absolutely

497
00:26:55,600 --> 00:26:59,400
Speaker 1: fascinating interviews. I mean, I well, thanks to good job.

498
00:27:00,840 --> 00:27:03,160
Speaker 1: I mean, obviously, I think I think the Democrat rebuttal

499
00:27:03,240 --> 00:27:06,120
Speaker 1: afterwards is going to be Yeah, I think that'll be

500
00:27:06,160 --> 00:27:09,960
Speaker 1: a fascinating What does she have to do tonight? I mean,

501
00:27:10,160 --> 00:27:12,280
Speaker 1: I mean obviously, so I feel I feel like, I mean,

502
00:27:12,800 --> 00:27:15,760
Speaker 1: I think Democrats are immediately going to try and draw contrast,

503
00:27:15,840 --> 00:27:17,440
Speaker 1: and I think they're gonna go after Trump for the border.

504
00:27:17,640 --> 00:27:22,560
Speaker 1: Senator Bernie Sanders is giving an address, which will also

505
00:27:22,640 --> 00:27:25,200
Speaker 1: be interesting. I um, I'm not sure how the d

506
00:27:25,320 --> 00:27:29,159
Speaker 1: n C feels about the Bernie Sanders. Kamala Harris is

507
00:27:29,200 --> 00:27:32,320
Speaker 1: Senator Kamala Harris is getting an address before. I mean,

508
00:27:32,359 --> 00:27:36,560
Speaker 1: it's kind of interesting how everyone is trying to give

509
00:27:36,560 --> 00:27:39,040
Speaker 1: an address. It feels like half the Senate's running for president.

510
00:27:39,080 --> 00:27:42,119
Speaker 1: So I feel like, but what do you make in

511
00:27:42,200 --> 00:27:44,000
Speaker 1: terms of Speaker Pelosi? What job does she have to

512
00:27:44,040 --> 00:27:46,920
Speaker 1: do tonight? I mean, obviously, I mean with her conference,

513
00:27:46,920 --> 00:27:49,640
Speaker 1: I feel like Democrats are gonna show unified front. We've

514
00:27:51,000 --> 00:27:54,080
Speaker 1: sat today all the Democratic women all dressed in white together,

515
00:27:54,160 --> 00:27:55,720
Speaker 1: so I think they're definitely going to be pushing back

516
00:27:55,720 --> 00:27:59,359
Speaker 1: strong against a lot of what the President has to say.

517
00:27:59,400 --> 00:28:02,280
Speaker 1: But I mean it was interesting here. Um Tom Ferez

518
00:28:02,359 --> 00:28:04,119
Speaker 1: talked about how he would like to work across the

519
00:28:04,119 --> 00:28:08,199
Speaker 1: island issues like infrastructure, and wondering how how the investigations

520
00:28:08,280 --> 00:28:11,920
Speaker 1: and with all the tensions between democratic leadership and the president,

521
00:28:13,000 --> 00:28:16,399
Speaker 1: whether that's possible. Yeah. Well, Julie Grace Bruffly here with

522
00:28:16,480 --> 00:28:19,040
Speaker 1: us after the break, as well as Jeffrey Wright, who

523
00:28:19,160 --> 00:28:21,200
Speaker 1: is an analyst at the Eurasia Group. He's going to

524
00:28:21,280 --> 00:28:23,040
Speaker 1: join us and talk about us trying to trade policy

525
00:28:23,080 --> 00:28:25,960
Speaker 1: and what we might get out of the president's a speech.

526
00:28:26,320 --> 00:28:29,040
Speaker 1: Uh stick with me. Uh. State of the Union is

527
00:28:29,160 --> 00:28:32,400
Speaker 1: well from a Weather's dandpoint a beautiful day here in Washington,

528
00:28:32,440 --> 00:28:39,640
Speaker 1: d C. I'm Kevin's really you're listening to Bloomberg. This

529
00:28:40,200 --> 00:28:44,720
Speaker 1: is sound on with Kevin's really on Bloomberg one and

530
00:28:44,800 --> 00:28:47,480
Speaker 1: one oh five point seven of m h D two Baltimore.

531
00:28:48,360 --> 00:28:51,520
Speaker 1: Welcome back votes. Just a couple of hours away from now,

532
00:28:51,640 --> 00:28:55,200
Speaker 1: President Trump will head up to Capitol Hill. He'll walk

533
00:28:55,280 --> 00:29:00,480
Speaker 1: into the this the House Chamber and walk up the

534
00:29:00,480 --> 00:29:04,400
Speaker 1: aisle and then take his place behind the podium. He'll

535
00:29:04,400 --> 00:29:07,480
Speaker 1: be on teleprompter tonight. Sean Spicer told us earlier in

536
00:29:07,520 --> 00:29:11,200
Speaker 1: the show, practicing his speech up until the very last minute,

537
00:29:11,760 --> 00:29:14,560
Speaker 1: going over everything. And Tom Perez, d n C chairman

538
00:29:15,040 --> 00:29:17,480
Speaker 1: says they're open to working with President Trump. We had

539
00:29:17,560 --> 00:29:19,920
Speaker 1: him on earlier. They're open to working with President Trump

540
00:29:19,960 --> 00:29:22,440
Speaker 1: on a host of different issues. But well, he's not

541
00:29:22,480 --> 00:29:26,200
Speaker 1: too hopeful. And Speaker Pelosi is going to be seated

542
00:29:26,360 --> 00:29:31,360
Speaker 1: directly behind President Trump. How will Democrats react, what will

543
00:29:31,400 --> 00:29:35,080
Speaker 1: they say? What will their expressions be? As President Trump

544
00:29:35,400 --> 00:29:39,760
Speaker 1: lays forth his vision for the next calendar year at

545
00:29:39,760 --> 00:29:41,520
Speaker 1: a time, And well, I don't have to say this

546
00:29:41,560 --> 00:29:43,640
Speaker 1: to you guys. I mean, it's incredibly divided in our

547
00:29:43,680 --> 00:29:47,840
Speaker 1: country right now, and we're just a few short days

548
00:29:47,840 --> 00:29:52,520
Speaker 1: away from another partial government shutdown. And uh, it's not

549
00:29:52,600 --> 00:29:55,480
Speaker 1: just about the wall. It's also about policy. It's about

550
00:29:55,480 --> 00:29:59,800
Speaker 1: foreign policy, it's about the economy, it's about trade as well.

551
00:30:00,240 --> 00:30:03,000
Speaker 1: And that's why I'm so thrilled to have Jeff Right,

552
00:30:03,280 --> 00:30:07,240
Speaker 1: an analyst who focuses on us China trade relations for

553
00:30:07,280 --> 00:30:09,400
Speaker 1: the Eurasia Group with me in studio, a friend of

554
00:30:09,440 --> 00:30:12,720
Speaker 1: the program, a friend of Bloomberg, and of course Julie

555
00:30:12,720 --> 00:30:16,239
Speaker 1: Grace Braffi, Capitol Hill reporter at The Hill newspaper, right

556
00:30:16,400 --> 00:30:19,120
Speaker 1: I used to work. Can I say that both of

557
00:30:19,160 --> 00:30:25,120
Speaker 1: you are from our Philly area people, which it really

558
00:30:25,160 --> 00:30:28,200
Speaker 1: an Eagles fans, devout Eagles fans. We were talking about

559
00:30:28,240 --> 00:30:32,080
Speaker 1: the Sixers and Vince Carter and the Raptors back in

560
00:30:32,240 --> 00:30:34,240
Speaker 1: the playoffs. Jeff, talk to me about what you're gonna

561
00:30:34,280 --> 00:30:37,040
Speaker 1: be looking not about Alan Iverson, but about what you're

562
00:30:37,080 --> 00:30:40,080
Speaker 1: gonna be looking for tonight when the President talks about

563
00:30:40,080 --> 00:30:44,280
Speaker 1: trade policy with US in China. So he when they

564
00:30:44,320 --> 00:30:48,320
Speaker 1: were meeting with the out last week, the line from Trump, Yes, exactly.

565
00:30:48,360 --> 00:30:50,680
Speaker 1: The line from Trump was that any agreement, which it

566
00:30:50,680 --> 00:30:52,680
Speaker 1: seems like they're getting close to, would have to be

567
00:30:52,720 --> 00:30:55,360
Speaker 1: blessed by him and she personally, which adds kind of

568
00:30:55,400 --> 00:30:58,120
Speaker 1: another step to the whole process. There's a lot of

569
00:30:58,160 --> 00:31:01,120
Speaker 1: speculation that when he goes to you somewhere in Asia,

570
00:31:01,160 --> 00:31:04,000
Speaker 1: which I've heard might be Vietnam, but somewhere to meet

571
00:31:04,000 --> 00:31:06,840
Speaker 1: with Yes, exactly, at the end of the month that

572
00:31:06,840 --> 00:31:08,520
Speaker 1: that they could tack a she meeting on to the

573
00:31:08,640 --> 00:31:10,880
Speaker 1: end of that. I don't think we will get details

574
00:31:10,880 --> 00:31:13,320
Speaker 1: about that tonight, but it would be interesting here the

575
00:31:13,360 --> 00:31:15,640
Speaker 1: way that he talks about China and and sort of

576
00:31:15,680 --> 00:31:19,880
Speaker 1: the the attitude of those comments. See you and I, Jeff,

577
00:31:19,920 --> 00:31:22,840
Speaker 1: we follow like every you better than me, every twist

578
00:31:22,880 --> 00:31:25,320
Speaker 1: and turn of the U S China trade relations. And

579
00:31:25,400 --> 00:31:28,520
Speaker 1: I always say two things that I think folks forget.

580
00:31:29,040 --> 00:31:31,600
Speaker 1: First and foremost is that President she Jing Ping of

581
00:31:31,720 --> 00:31:36,400
Speaker 1: China does not have a totally unified government. There are

582
00:31:36,480 --> 00:31:41,160
Speaker 1: different viewpoints within President She's government about how to handle

583
00:31:41,800 --> 00:31:47,400
Speaker 1: the US in terms of the ongoing trade how How

584
00:31:47,440 --> 00:31:51,080
Speaker 1: does the US administration head into these trade talks understanding

585
00:31:51,080 --> 00:31:55,520
Speaker 1: that dynamic? Uh, I don't know how well it's understood

586
00:31:55,560 --> 00:31:57,840
Speaker 1: within the White House. I doubt that Trump understands it

587
00:31:57,920 --> 00:32:01,080
Speaker 1: particularly well. But what does seemed clear that the Chinese

588
00:32:01,120 --> 00:32:04,280
Speaker 1: really want a deal now in a way that I

589
00:32:04,320 --> 00:32:06,760
Speaker 1: think is even more intense than it was last year.

590
00:32:08,000 --> 00:32:12,520
Speaker 1: The Chinese economy is slowing um the concerns about you know,

591
00:32:12,560 --> 00:32:16,760
Speaker 1: the impact of the trade dispute, particularly in export dependent

592
00:32:16,840 --> 00:32:20,240
Speaker 1: provinces of China and the South and East, is really growing,

593
00:32:20,320 --> 00:32:22,000
Speaker 1: and so there's a lot of pressure on she to

594
00:32:22,000 --> 00:32:24,200
Speaker 1: get a deal. I think the place where you might

595
00:32:24,240 --> 00:32:26,600
Speaker 1: you'll never see these divisions publicly, but the place where

596
00:32:26,600 --> 00:32:30,640
Speaker 1: you would speculate on them is, you know, distrust among

597
00:32:30,800 --> 00:32:33,760
Speaker 1: the other officials of the of the Chinese Communist Party

598
00:32:33,800 --> 00:32:36,040
Speaker 1: with the way that she has handled this dispute. The

599
00:32:36,040 --> 00:32:39,160
Speaker 1: Greatest rough Key, congressional reporter for The Hill Newspaper, I

600
00:32:39,280 --> 00:32:42,360
Speaker 1: was saying this to Tom Perez and also to Sewan.

601
00:32:42,440 --> 00:32:47,240
Speaker 1: I mean, there really is a unified faction of lawmakers

602
00:32:47,320 --> 00:32:49,560
Speaker 1: up on Capitol Hill, especially when it comes to intellectual property,

603
00:32:49,640 --> 00:32:52,920
Speaker 1: especially when it comes to China really taking advantage of

604
00:32:53,280 --> 00:32:56,920
Speaker 1: some global regulations to to get the upper hand against

605
00:32:56,960 --> 00:32:59,520
Speaker 1: against US businesses. So this might be an area where

606
00:32:59,560 --> 00:33:02,400
Speaker 1: Democrats and Republicans can work together. Yeah, I mean I

607
00:33:02,680 --> 00:33:05,320
Speaker 1: think so. I mean, I feel like if there's one

608
00:33:05,360 --> 00:33:08,040
Speaker 1: thing I mean, both Republicans and Democrats I talked to

609
00:33:08,640 --> 00:33:10,520
Speaker 1: in Congress both disagree with the White House on it

610
00:33:10,600 --> 00:33:12,200
Speaker 1: was talk of pulling out a NAFTA. So I feel

611
00:33:12,240 --> 00:33:14,480
Speaker 1: like maybe at least on the congressional front, will be

612
00:33:14,520 --> 00:33:19,400
Speaker 1: able to unite on the trade front. Yeah, and especially

613
00:33:19,400 --> 00:33:21,160
Speaker 1: on NAFTA. And not the two point Oh. I mean,

614
00:33:21,160 --> 00:33:24,200
Speaker 1: that's gonna be an interesting choice for how Democrats decide

615
00:33:24,240 --> 00:33:26,800
Speaker 1: ultimately whether or not they're going to say, hey, this

616
00:33:26,880 --> 00:33:29,480
Speaker 1: is not progressive enough, or if they're going to say

617
00:33:29,480 --> 00:33:31,720
Speaker 1: this is the best that we could get for right now.

618
00:33:32,160 --> 00:33:35,360
Speaker 1: That said, if you are looking in the long term, uh,

619
00:33:35,400 --> 00:33:37,120
Speaker 1: there are a lot of populous candidates running in the

620
00:33:37,120 --> 00:33:40,160
Speaker 1: Democratic Party, maybe even someone like a Senator Sharon Brown.

621
00:33:40,520 --> 00:33:42,959
Speaker 1: And I truly believe trade is going to be a

622
00:33:42,960 --> 00:33:45,280
Speaker 1: massive issue as it was in the last primary on

623
00:33:45,320 --> 00:33:48,120
Speaker 1: the left with Sanders and Clinton. I believe that that

624
00:33:48,120 --> 00:33:50,720
Speaker 1: will be another UM issue as well. But but Jeff,

625
00:33:50,760 --> 00:33:52,960
Speaker 1: stick with me on trade, because is the second question

626
00:33:52,960 --> 00:33:56,600
Speaker 1: that I have in terms of I truly don't think

627
00:33:56,960 --> 00:34:01,160
Speaker 1: communicators in Washington have done an effective job job on

628
00:34:01,200 --> 00:34:05,080
Speaker 1: either side of saying why folks outside of the Beltway

629
00:34:05,440 --> 00:34:08,120
Speaker 1: should care about every twist and turn of the US

630
00:34:08,200 --> 00:34:12,879
Speaker 1: China trade deal. How does it directly impact the American

631
00:34:13,000 --> 00:34:15,520
Speaker 1: consumer listening in their car right now on their way

632
00:34:15,520 --> 00:34:20,200
Speaker 1: home from work, people are paying slightly higher prices because

633
00:34:20,200 --> 00:34:22,759
Speaker 1: of tariffs. UM, that's a very difficult thing for most

634
00:34:22,760 --> 00:34:26,759
Speaker 1: people to notice. I think the concern is less of

635
00:34:26,800 --> 00:34:28,719
Speaker 1: an immediate one and more of a long term one,

636
00:34:29,000 --> 00:34:32,279
Speaker 1: so that if the Trump administration can get a deal

637
00:34:32,280 --> 00:34:34,760
Speaker 1: with China that that changes the way that the Chinese

638
00:34:34,800 --> 00:34:38,360
Speaker 1: treat American intellectual property, for example, then you know you

639
00:34:38,440 --> 00:34:42,680
Speaker 1: have longer, long run improvements in returns for American companies operation.

640
00:34:42,840 --> 00:34:45,919
Speaker 1: I wouldn't translate that talk and plane speak here get

641
00:34:45,920 --> 00:34:49,759
Speaker 1: even more rudimentary. When people hear intellectual property, define it?

642
00:34:50,040 --> 00:34:51,560
Speaker 1: What is it? What is it in their phone? What

643
00:34:51,680 --> 00:34:54,160
Speaker 1: is it in their computer software? Define it for how

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Speaker 1: the average person listening can visualize it. I think there's

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Speaker 1: there's two things that issue with China. The first is

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Speaker 1: what are called technology transfer agreements. So for many companies,

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Speaker 1: if you want to operate a joint venture in China,

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Speaker 1: you have to transfer the underlying technology to your partner.

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Speaker 1: And what American companies and another multinational companies report happens

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Speaker 1: is that that technology may stay secret for a year

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Speaker 1: or two, but at the end of that time, another company,

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Speaker 1: perhaps connected to the joint venture parture pops up. That's

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Speaker 1: making your product essentially the same and much It's like

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Speaker 1: it's like Apple. I mean, you go to China and

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Speaker 1: there's literally like a knock off Apple store and they're

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Speaker 1: they're getting all the getting all the money. Jeff Right

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Speaker 1: is an analyst for the Your Asia Group. He studies

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00:35:38,800 --> 00:35:41,719
Speaker 1: all things follows, all things you, US and China trade related. Uh.

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Speaker 1: Julie Grace Buffki, Capitol Hill reporter for The Hill Newspaper.

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Speaker 1: We've got less than a minute, so very quickly in

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Speaker 1: one yes or no, President Trump comes out a winner tonight,

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Speaker 1: Julie Grace after the Stay of the Union address quick

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Speaker 1: maybe maybe all right? And you know Jeff uh no,

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Speaker 1: all right, and I am an unbiased, impartial reporter, and

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Speaker 1: we'll dodge my own question. Thanks for listening, Thanks to

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Speaker 1: our guests. Make sure to watch and stick with Bloomberg

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00:36:06,280 --> 00:36:08,360
Speaker 1: all night tonight and check us out on the I

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00:36:08,480 --> 00:36:11,200
Speaker 1: Heart Radio app and of course on Apple iTunes. Tomorrow

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Speaker 1: we've got full analysis. I'm Kevin Sirelli. You're listening to

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Speaker 1: Bloomberg