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Speaker 1: Live from our nation's came this budget thing is going

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Speaker 1: to do spaceports. I still think it's interesting President Trump

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Speaker 1: not playing his cards yet. Headlines Policy and Politics, Aligning

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Speaker 1: Sound On with Kevin Cirel, The insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: send him here to do, which is to get it done.

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Speaker 1: He's sound On with Kevin Zerrelate on Bloomberg one and

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Speaker 1: one Ohio seven a m h D two Boltemore. Busy day, folks.

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Speaker 1: I'm Kevin Cirelli, Chief aushon and correspondent for Bloomberg Television

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Speaker 1: and Bloomberg Radio. President Trump doubling down on his criticism

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Speaker 1: of congresswomen freshman congresswomen, saying that they should literally if

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Speaker 1: they're unhappy with being Americans. And just as we speak,

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Speaker 1: we are awaiting for one of those con freshman Congresswoman

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Speaker 1: Alexandria Acasio Cortez and others to hold a press conference

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Speaker 1: live on Capitol Hill to give their response. It has

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Speaker 1: been a remarkable political feud. Many are saying, well, I'll

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Speaker 1: we'll get into all of it as we come up.

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Speaker 1: But in a heightened moment of political drama here in Washington,

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Speaker 1: d C. Stemming from over the weekend with the President's

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Speaker 1: tweets and elsewhere, Treasury Secretary Stephen Manution offering a rare

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Speaker 1: press conference in the Brady Briefing Room at the White House.

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Speaker 1: I was there. I will take you live to what

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Speaker 1: he had to say about Facebook's libra. Just as Facebook

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Speaker 1: gets ready to testify on Capitol Hill for two days

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Speaker 1: worth of testimony tomorrow and Wednesday, and the debt ceiling?

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Speaker 1: What's going on with the debt limit? All of these

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Speaker 1: questions politics, policy, and all star panel to help us

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Speaker 1: navigate through what was a dizzying, dizzying day. Eli Yoakley

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Speaker 1: is here. He's a political reporter from Morning Consoled and

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Speaker 1: justin sink my colleague, Uh, who was at the what

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Speaker 1: you were House today? Justin right, nodding, Yes, he was.

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Speaker 1: He was at the White House, Bloomberg News, White House reporter.

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Speaker 1: But before we get to all of that, Speaker of

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Speaker 1: the House Nancy Pelosi saying on Monday that she is

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Speaker 1: going to have a vote on a resolution condemning condemning

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Speaker 1: President Trump's tweets over the weekend. On four female Democratic

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Speaker 1: lawmakers and some Republican lawmakers joined joined the Speaker of

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Speaker 1: the House in denouncing the president's tweets over the weekend.

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Speaker 1: He said that he said that according to these sweets,

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Speaker 1: that Alexandria Acasio Cortez and three or her allies should

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Speaker 1: quote unquote go back to where they came from. And

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Speaker 1: that was labeled racist by Democrats as well as even

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Speaker 1: a few Republicans. So she Speaker Nancy Pelosi says that

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Speaker 1: she's going to have this resolution even before before President Trump,

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Speaker 1: speaking earlier today at the White House, doubled down on

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Speaker 1: those criticisms, and it even further. Take a listen to

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Speaker 1: the President speaking earlier today at the White House. If

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Speaker 1: you're not happy here, then you can leave, as far

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Speaker 1: as I'm concerned. If you hate our country, if you're

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Speaker 1: not happy here, you can leave. That was President Trump

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Speaker 1: speaking earlier today at a three well made in America

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Speaker 1: products showcase at the White House. My guest for the hour,

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Speaker 1: Eli Yoakley, a political reporter from Morning Consult, and Justin

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Speaker 1: Sink my colleague here at Bloomberg News. He is a

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Speaker 1: White House reporter. Justin I'm watching images on the Bloomberg

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Speaker 1: terminal feed where we're awaiting a press conference from AOC

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Speaker 1: as well as the other freshman congresswomen who are speaking.

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Speaker 1: But why is the President doing this? What's the what's

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Speaker 1: the thinking behind it? Sure? I mean, I think that

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Speaker 1: there's a couple of things the President Trump's been trying

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Speaker 1: to do here, but a big one is he sees

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Speaker 1: a real advantage in turning AOC and these other freshman

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Speaker 1: congressman into proxies for the Democratic Party as a whole.

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Speaker 1: He knows that if the competition is him versus Joe

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Speaker 1: Biden has seen as a moderate middle class speaking to

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Speaker 1: white working class people, that's a real danger to his base.

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Speaker 1: But if the Democratic Party and embraces the sort of

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Speaker 1: farther left politics of some of the freshman class that

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Speaker 1: have come in, I think the President sees a real

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Speaker 1: advantage there. So he's trying to elevate. What I'm hearing,

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Speaker 1: He's trying to elevate AOC as the face of the

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Speaker 1: Democratic Party, much more so than someone like a Joe

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Speaker 1: Biden or even Speaker Nancy Pelosi. Is that what you're saying, Justin, Yeah,

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Speaker 1: I think so, although, of course, the great irony here

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Speaker 1: is the fact that we're talking about these people stems

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Speaker 1: from the fact that that AOC got into a big

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Speaker 1: back and forth with Nancy Pelosi. That's what That's what

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Speaker 1: I find fascinating is that AOC, not to interrupt you,

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Speaker 1: but interrupting. AOC gave you this interview to the Washington

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Speaker 1: Post last week and essentially said, I mean that that

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Speaker 1: that's the speaker Pelosi was a great assizing for women

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Speaker 1: of color. Right. So what you have is, I think

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Speaker 1: critics are the president, Like you know, some find these

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Speaker 1: comments to be racist in enough themselves, but political strategists

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Speaker 1: who might even be aligned with the President are saying, hey,

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Speaker 1: you're letting Democrats off the hook for what had been

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Speaker 1: an inner party war on a real political headache for them.

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Speaker 1: We'll take a listen to what else the President had

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Speaker 1: to say to your point, Justin and illustrates this about

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Speaker 1: how he is trying to make these congresswomen the the

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Speaker 1: the leaders of the Democratic Party here is the Democrats

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Speaker 1: in this case, if they want to gear their wagons

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Speaker 1: around these four people, they're gonna have a very tough

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Speaker 1: election because I don't think the people of the United

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Speaker 1: States will stand for it. So he's talking about aoc

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Speaker 1: Eli Yoakley of the Morning consult He's also talking about

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Speaker 1: Congresswoman Ellen Omar, who has really been criticized in the

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Speaker 1: past for for what. For what, Many including Democrats, have

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Speaker 1: have raised anti Semitic concerns about some of her rhetoric. Uh.

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Speaker 1: And now Republicans are are criticizing the president and saying, uh, Well,

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Speaker 1: I'll read from from Republican Senator Tim Scott, who is

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Speaker 1: African American. He's a Republican from South Carolina, and he

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Speaker 1: called the president's rhetoric quote unquote unacceptable personal attacks and

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Speaker 1: racially offensive language. Eli Oakley, does this also pose a

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Speaker 1: risk for Republicans, Well, we saw today a conference from

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Speaker 1: Will Heard of Texas from the black black Republican in

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Speaker 1: the House. He called it racist and xenophobic. He leaned

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Speaker 1: it on this and used it to separate himself from

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Speaker 1: Donald Trump. He faces one of the toughest re election

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Speaker 1: fights next year. UM. So it's giving some of these

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Speaker 1: folks are reasons a way to show some distances with

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Speaker 1: himself and the president. Um. But it's it's quite a

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Speaker 1: moment for Nancy Pelosi. I mean, we saw last week

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Speaker 1: she was in a lot of hot water with the liberals,

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Speaker 1: and here she is as their chief defender bringing up

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Speaker 1: this resolution today. Um. This, it's an interesting point about

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Speaker 1: AOC being kind of raised by the president today. Um.

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Speaker 1: You know, runing consult we've tracked some of this data

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Speaker 1: on her. It's been Republicans who have been more likely

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Speaker 1: than even Democrats nationally to know who she is. So really,

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Speaker 1: wait wait say that, Well, that's fascinating. Plans are more

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Speaker 1: likely to know who AOC is the Democrat. That's how

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Speaker 1: it was right after she got right after she got

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Speaker 1: started in the House. I mean, the Fox News machine,

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Speaker 1: the conservative media has done a very good job of

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Speaker 1: elevating her as this character. And when I talked to

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Speaker 1: candidates across the country, UM, one of the things I

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Speaker 1: do a lot is just compare their opponent to AOC.

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Speaker 1: I mean, even in the Kentucky governor's race, a race

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Speaker 1: pretty far from from Washington, Matt Bevan is comparing Democrat

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Speaker 1: Andy Bashir to AOC of all people, and carries a

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Speaker 1: cutout around of her. So they're doing a remarkable They're

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Speaker 1: doing a lot of work to elevate her. So Ohio

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Speaker 1: Republican Congressman Mike Turner. He said on Twitter that Trump's

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Speaker 1: tweets over the weekend quote racist and he should apologize.

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Speaker 1: Uh so, and then you've got Speaker Pelosi before she's

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Speaker 1: regarding she wants to have this resolution on this. She said,

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Speaker 1: quote in a letter to her colleagues. I reject the

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Speaker 1: president xenophobic com meants meant to divide our nation. Justin

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Speaker 1: I just keep going back to this, to this point

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Speaker 1: that Eli and you are both making, which is I mean,

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Speaker 1: we all know this, but when you talk to staffers

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Speaker 1: up on Capitol Hill, there there was some tension between

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Speaker 1: AOC and a lot of Omar and others with and

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Speaker 1: Speaker Pelosi. There was a frustration that really felt similar,

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Speaker 1: at least from my reporting, felt similar to this heat

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Speaker 1: Party and former Speaker Paul Ryan. No. No, I think

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Speaker 1: that you make a good point. I think there is

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Speaker 1: a tension within the dep whether to sort of chart

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Speaker 1: a more pragmatic path forward, whether their goal is to

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Speaker 1: defeat Donald Trump or to retain the most number of

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Speaker 1: seats that they can and in the next year and

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Speaker 1: a half or whether to try to move the party, uh,

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Speaker 1: sort of systemically to the left, which is what some

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Speaker 1: of these freshmen who don't have a lot of power

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Speaker 1: other than social media and the media that they can earn,

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Speaker 1: are trying to do. It's different sort of approaches for

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Speaker 1: for going after this, But uh, I know that, don't.

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Speaker 1: I'm sure you've talked to Trump campaign officials in the

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Speaker 1: way they have, and every time you do, they say

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Speaker 1: that they anticipate having better numbers than they do now

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Speaker 1: because Democratic candidates are going to be pulled towards the

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Speaker 1: Alexander Acazio Cortes wing of the party believe that they're

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Speaker 1: going to be running a race against the Green New Deal,

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Speaker 1: against Medicare for all. The problem for the president and

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Speaker 1: what this might be a manifestation of, of course, is

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Speaker 1: that Joe Biden continues to lead that race, and we

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Speaker 1: saw today him come out against Medicare for All. But

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Speaker 1: she's even been AOC has been I don't want to

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Speaker 1: say critical, but she's she's she's made it known that

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Speaker 1: that that she's much more aligned to to Bernie Sanders

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Speaker 1: and to some extent even Elizabeth Warren. But I mean

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Speaker 1: to we can talk all about that coming up about

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Speaker 1: and whatnot, but to to really just put this in perspective.

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Speaker 1: I was at the White House today and President Trump

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Speaker 1: at a Maid in America event, completely even going beyond

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Speaker 1: beyond the tweets that he tweeted out over the weekend

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Speaker 1: with regards to saying that they should quote unquote go

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Speaker 1: back to the countries that they come from. Senator Pat Toomey,

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Speaker 1: he's a Pennsylvania Republican up. I believe he's up for reelection,

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Speaker 1: if not definitely he is upper ear re election in

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Speaker 1: he said that the statement was quote unquote wrong. Pat

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Speaker 1: Toomey used to lead the Club for Growth. Okay, I

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Speaker 1: mean that's very conservative, and he said in a statement

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Speaker 1: quote we should defeat their ideas on the merits, not

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Speaker 1: on the basis of their ancestry. I was struck by

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Speaker 1: Senator Toomey's remarks just because again he is and he's

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Speaker 1: a very he's a conservative. Um. I mean you expected

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Speaker 1: from Senator Susan Collins, who's also up for a tough

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Speaker 1: reelection fight, more centrist. And she said she called him

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Speaker 1: the President to withdraw his remarks and just you know,

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Speaker 1: coming up, we're gonna dive more into do this and

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Speaker 1: I will give you the update on what AOC says.

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Speaker 1: We're still awaiting that press conference to begin on Capitol Hill,

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Speaker 1: but she'll push back and we'll dive into policy. But

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Speaker 1: but just to kind of again, just to give some

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Speaker 1: more context, when the President was making his remarks today,

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Speaker 1: he accused Ellen Omar of talking about, quote how great

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Speaker 1: al Qaida is end quote, and he's referencing a two

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Speaker 1: thousand and thirteen interview that she had given uh years ago.

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Speaker 1: Uh and and it's like what he's trying to do

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Speaker 1: is is elevate these four freshman congresswomen to really have

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Speaker 1: the microphone. And he's given them the microphone tonight on

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Speaker 1: Capitol Hill. And there's a put me a part of

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Speaker 1: me that wonders if that was exact wanted to do,

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Speaker 1: was to get them behind the podium and not Speaker

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Speaker 1: Pelosi coming up. Eli locally stays, justin sinc stays, we're

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Speaker 1: going to talk to you about Treasury Secretary Stephen Manutian's

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Speaker 1: press conference that happened at the White House at the

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Speaker 1: Brady Briefing Room. I got to ask him about the

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Speaker 1: debt ceiling. I'll give you all the latest on that.

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Speaker 1: Download the Sound On podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business App. You

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Speaker 1: can also find me on Radio dot com, I Heart Radio,

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Speaker 1: and Spotify. I'm Kevin, sir. Really it is a jam

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Speaker 1: pack Monday Newsday and you're listening to Bloomberg. This is

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Speaker 1: Sound On with Kevin's Really on Bloomberg and one oh

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Speaker 1: five point seven of m h D two Baltimore. In

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Speaker 1: one case, you have somebody that comes from Somalia, which

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Speaker 1: is a failed government, a failed state, who left Somalia,

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Speaker 1: who ultimately came here and now as a congress woman

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Speaker 1: who's never happy, says horrible things about Israel, hates Israel,

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Speaker 1: hates Jews. That was prohaps speaking earlier today at the

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Speaker 1: White House about freshman Congresswoman Elan Omar, a Democrat who

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Speaker 1: is just just taken steps on Capitol Hill behind the

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Speaker 1: podium along with Eleana Pressley and Rashida Talab and Alexandria

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Speaker 1: Acasio Cortez, the four, the squad, the squad as they

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Speaker 1: are calling themselves, who President Trump has attacked today, uh

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Speaker 1: and it's made Republicans uneasy. They have said that this

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Speaker 1: is racially charged rhetoric, that the President should withdraw that rhetoric,

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Speaker 1: that he should apologize for that rhetoric. How Speaker Nancy Pelosi,

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Speaker 1: has said that she wants to have a resolution on

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Speaker 1: the floor of the House of Representatives, is in in

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Speaker 1: Trump's tweets, and I would imagine that they're going to

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Speaker 1: add a line about his rhetoric today which went beyond

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Speaker 1: the tweets in which the President said they should go

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Speaker 1: back to the countries that they come from. Treasury Secretary

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Speaker 1: Stephen Manuition was asked about all of this when he

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Speaker 1: took the podium and the Brady Briefing Room at the

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Speaker 1: White House earlier today. Take a listen to what his

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Speaker 1: response was when asked, I don't find them racist. The

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Speaker 1: President just went on and clarified his comments. I think

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Speaker 1: he speaks for himself on that and he was very clear.

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Speaker 1: So there you have it. Treasury Secretary Stephen Venusian weighing

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Speaker 1: in on on the controversy, the latest controversy here inside

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Speaker 1: of the belt Way. Eli Yoakley is a political reporter

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Speaker 1: for Morning Consult. Justin Sink is my colleague here a Plumberg.

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Speaker 1: He covers all things for the White House and Treasury

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Speaker 1: Secretary Monution really giving this briefing because of cryptocurrency and

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Speaker 1: digital currency and all of the fears really and the

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Speaker 1: apprehension within the marketplace. And it comes as Facebook is

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Speaker 1: set to have two days of hearings for Libra, Facebook

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Speaker 1: Libra Libra. Uh, they are going to have this hearing.

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Speaker 1: They have announced a digital currency, and I gotta be candid.

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Speaker 1: Republicans and Democrats have no idea, what the face, what

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Speaker 1: the what the heck? Facebook Libra is. Take a listen

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Speaker 1: to what Secretary Manution said about Facebook Libra here is

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Speaker 1: or if we have that, I mean he said later

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Speaker 1: we have that, I would love to play it. Uh,

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Speaker 1: take a listen to to Treasury Secretary Stephen Monution. The

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Speaker 1: Treasury Department has expressed very serious concerns that Libra could

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Speaker 1: be misused by money launderers and terrorists, financiers justin So,

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Speaker 1: what is the White House doing about all this? Well,

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Speaker 1: we know that the White House is essentially threatening sort

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Speaker 1: of extreme regulatory scrutiny towards Facebook's proposed cryptocurrency and I

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Speaker 1: think what's interesting about this is that the Facebook and

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Speaker 1: is time that we could see crypto kind of enter

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Speaker 1: the mainstream. It would be something that would be promoted

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Speaker 1: on a website that is sort of the homepage the

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Speaker 1: Internet for tens of millions of not only Americans, but

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Speaker 1: people across the world. Uh. You know, Facebook has vowed

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Speaker 1: that they're going to do this carefully, that they are

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Speaker 1: going to make sure that they follow every regulatory step

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Speaker 1: they need to. Part of the idea of this testimony

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Speaker 1: in front of Congress this week is to assuage concerns

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Speaker 1: that lawmakers might have. But I think that this is

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Speaker 1: an effort that's really struggled to gain traction on Washington.

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Speaker 1: There's a lot of skepticism here, and we know that

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Speaker 1: the President himself is skeptical because he has tweeted, uh

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Speaker 1: tweeted his concerns about this. I love this headline on

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Speaker 1: the Bloomberg terminal because, I mean, we talk about how

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Speaker 1: divided lawmakers are right now, and I'm watching the feed

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Speaker 1: as Freshman Congresswoman Ellen Omar is behind the podium reading

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Speaker 1: her prepared remarks responding to the President with how with

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Speaker 1: this back and forth that we've seen from them today.

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Speaker 1: But this headline on the Bloomberg terminal, you're ready for

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Speaker 1: this quote. Uh, Facebook's crypto plan unites Trump and Democrats

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Speaker 1: in disdain. Eli Oakley, there's agreement, we found by partisan agreement,

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Speaker 1: and crypto seemed to get the job done. There we go.

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Speaker 1: I mean, Facebook is getting certainly from both sides right now.

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Speaker 1: I would not want to be them. I mean, I'm

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Speaker 1: from Missouri and so I've listened to a lot of

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Speaker 1: Josh Holly talk about this for a while now, and uh,

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Speaker 1: he's sort of taking the lead on the conservative case

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Speaker 1: against Facebook and in the social media summit once he

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Speaker 1: debate happening now, Um, they're in the hot seat and

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Speaker 1: they've got a lot of powerful people people against him.

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Speaker 1: And so what I what I've found thousandating is that

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Speaker 1: is that minution secondary of monution, said finn said Finn

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Speaker 1: Send FINNCON is the regulator that's going to be really

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Speaker 1: taking the lead in terms of regulating them, and that

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Speaker 1: the administration has been using the Financial Crimes Enforcement Network FINNCON,

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Speaker 1: which is which is part of the Treasury Department for

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Speaker 1: those who are n't familiar with it, to make sure

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Speaker 1: that crypto and digital currencies aren't used for bad actors,

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Speaker 1: terrorist financing, sexual predators, and that they've been using this.

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Speaker 1: So David Marcus, you ready for this. He's Facebook's top

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Speaker 1: person working on fatal currency. He released his public testimony

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Speaker 1: because he's going to be testifying before the Senate and

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Speaker 1: the House tomorrow and Wednesday, and he says in his

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Speaker 1: statement that they're headquartered in Geneva, uh but the Swiss.

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Speaker 1: So not only are they going to be regulated by

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Speaker 1: fin sent and the U S regulators, And in his

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Speaker 1: prepared to Marks, he says that that they are fully

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Speaker 1: prepared to work with Vincent, but he also, like in

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Speaker 1: the same breath, says that they're going to be regulated

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Speaker 1: by Geneva. So it's a really fascinating time for this

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Speaker 1: emerging technology in the financial services sector because there's a

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Speaker 1: patchwork of international regulatory arms that are all trying to

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Speaker 1: figure out this emerging technology. It's gonna come to ahead

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Speaker 1: tomorrow and and not to be not to say this

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Speaker 1: to be funny, but I mean, when you're when you're

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Speaker 1: testifying before members of Congress who don't even know what

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Speaker 1: digital currency is, or they're confusing it and calling it

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Speaker 1: lieb or like one congressman did last week. I think

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Speaker 1: I can. I think you know, there's a lot of

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Speaker 1: confusion not just in the consumer place, but also up

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Speaker 1: on Capitol Hill about all of this. Coming up, we're

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Speaker 1: gonna talk more politics and policy. We're gonna we're gonna

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Speaker 1: talk immigration and the ice raids over the weekend. And

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Speaker 1: the panel stays and folks, my lord, what a busy

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Speaker 1: newsday really, and you're listening to Bloomberg. This is sound

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Speaker 1: on with Givin's you relate on Bloomberg one and one

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Speaker 1: oh five point seven of m h D two. Boltemore,

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Speaker 1: the debt ceiling has to be raised. One of our

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Speaker 1: scenarios triggers a problem the first week of September before

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Speaker 1: they get back. So I have urged Congress to raise

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Speaker 1: it before they leave. That was Trudgury Secretary Steva Monution

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Speaker 1: speaking earlier today at the White House, giving a rare

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Speaker 1: press conference at the White House with regards to the

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Speaker 1: debt ceiling. Remember, folks, they gotta they gotta raise the

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Speaker 1: debt the debt ceiling by October otherwise, Well that our

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Speaker 1: credit score, that the nation's credit rating is at risk. Uh,

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Speaker 1: I asked Secretary Monution, during this press or whether or

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Speaker 1: not how our how does they're going with how Speaker

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Speaker 1: Nancy Pelosi. He says they're going well. He says that

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Speaker 1: they talked on Saturday night and that they're going to

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Speaker 1: continue having these conversations. He wants to get to some

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Speaker 1: type of deal head of the August recess. But you know,

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Speaker 1: you look at these types of debates and then you

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Speaker 1: look at the context of all of it, and really

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Speaker 1: the only thing anybody's talking about in the White House

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Speaker 1: Press Corps as well as what's going on Capitol Hill,

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Speaker 1: is this this political feud between President Trump and Congresswoman

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Speaker 1: Alexandria Acascio Cortez, the congresswoman AOC from New York, the

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Speaker 1: very progressive AOC, and three of her colleagues. And it's

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Speaker 1: been a remarkable, remarkable fight. You know, Republicans are uneasy

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Speaker 1: with the President's rhetoric. They're saying it's racial rhetoric. They

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Speaker 1: they're Speaker Nancy Pelosi is saying she's going to have

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Speaker 1: a vote on the House floor condemning the president's tweets

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Speaker 1: from over the weekend and which she says that these

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Speaker 1: freshman congresswomen should qute unquote go back to their countries.

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Speaker 1: Then he the President doubles down, putting it mildly at

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Speaker 1: the White House earlier today. Uh, and and criticizes them

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Speaker 1: in very aggressive terms. But I was talking with our

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Speaker 1: EP Christine Barata and the break about what we thought

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Speaker 1: we were gonna be talking on today's show with Justin

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Speaker 1: Cink Bloomberg News White House reporter and Eli Yokley, political

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Speaker 1: reporter for Mortal, both of whom are here with me,

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Speaker 1: And we thought we were gonna be talking about AOC

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Speaker 1: versus Speaker Pelosi. Justin, because this is a major, major

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Speaker 1: backstory to to what happened between President Trump and his

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Speaker 1: rhetoric against those four freshman congresswomen. Uh. Really what took

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Speaker 1: us here? Yeah? I mean, I think we saw a

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Speaker 1: real danger of a civil war breaking out in the

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Speaker 1: Democratic Party over the weekend, where uh staff members were

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Speaker 1: really sniping at one another, even over Twitter. Uh. Nancy

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Speaker 1: Pelosi obviously lobbed that criticism at um Alexander Roccazo, Cortez

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Speaker 1: and some of the other freshman congresswoman in a interview

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Speaker 1: with The New York Times. Uh. It got a sharp

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Speaker 1: rebuke with aoc is suggesting that there could have been

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Speaker 1: a racial component to that criticism. You know, this is

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Speaker 1: two of the most prominent UM people in the Democratic

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Speaker 1: majority in the House going after each other in a

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Speaker 1: strong way. But you know, this again sort of speaks

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Speaker 1: to the ramifications of what President Trump has done today. Certainly,

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Speaker 1: he's elevated these four congresswomen. They are the sort of

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Speaker 1: lead story on UM every newscast tonight. But we're talking

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Speaker 1: about President Trump versus them, and the Democratic Party as

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Speaker 1: a sort of unified whole, rather than some of the

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Speaker 1: internal sermishes within the Democratic Party. So when you look

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Speaker 1: at criticism from folks like Tim Scott, he says, not

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Speaker 1: only was he upset with what that said, but he

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Speaker 1: was upset with the fact that it took attention off

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Speaker 1: of some of the problems that the Democrats themselves were having.

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Speaker 1: So Eli, I mean, this is huge, right because as

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Speaker 1: Speaker Pelosi's speaking to The New York Times, boring down

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Speaker 1: in a column, UH saying essentially that that they the

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Speaker 1: aoc UH only has one vote, and that they might

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Speaker 1: have large social media followings, but in the halls of Congress,

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Speaker 1: these lawmakers only have one vote, and that the Speaker

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Speaker 1: and and with her apparatus behind her has really the power,

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Speaker 1: more power versus social media power. And then you've got

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Speaker 1: AOC who talked to the Washington Post, mind you, the

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Speaker 1: New York Times Washington Post. Sort of backstory is not

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Speaker 1: lost on me. As they each AOC and AOC and

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Speaker 1: Pelosi each speaking to the competitors of the newspapers, there's

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Speaker 1: that element. But to keep it focused, uh, AOC essentially

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Speaker 1: said that that she she said women of color, that

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Speaker 1: she didn't know why Pelosi was going after quote unquote

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Speaker 1: women of color, and that really ratcheted it up even more. No, No,

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Speaker 1: it did, um. And and that's something that I think

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Speaker 1: that pols these people did not like to hear. Um.

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Speaker 1: I mean whatever, But I think polls is right by

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Speaker 1: the way, I mean, they don't have that many votes.

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Speaker 1: I mean, that's the difference in the progressive folks that

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Speaker 1: are famous on Capitol Hill today in the Tea Party

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Speaker 1: is those folks were elected as the majority was on

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Speaker 1: the backs of a lot of these Tea Party members.

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Speaker 1: The majority that Democrats have currently is on the backs

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Speaker 1: of a lot of folks who won competitive races. And

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Speaker 1: and I think Anty Pelosi knows that. I mean, you

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Speaker 1: would not have a Democratic congresswoman from Kansas, if it

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Speaker 1: wasn't for the fact that this person wasn't extremely to

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Speaker 1: the left. And I think Pelosi, as she looks forward

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Speaker 1: to the next two years of maybe a Trump president

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Speaker 1: here of a Democratic presidency, thinks that it's pretty important

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Speaker 1: that that that message just do not get tamped down

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Speaker 1: by the liberals on the left on Twitter. I just

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Speaker 1: wanna I want to read from more in Dad's column

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Speaker 1: from over the weekend. It really is my must read, Uh,

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Speaker 1: she says. Uh. The Corbin Trent, a spokesman for AOC

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Speaker 1: and co founder of Justice Democrats, the progressive group that

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Speaker 1: helped propel her, told Democrats quote, the greatest threat to

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Speaker 1: mankind is the cowardice of the Democratic Party, with the

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Speaker 1: older generation driven by fear and unable to lead end quote.

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Speaker 1: The message, according to moreing down, is that Pelosi is

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Speaker 1: pasted or her prime. Boring down Thence writes, except she's not.

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Speaker 1: It's it's a tension that is on full display between

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Speaker 1: AOC and Pelosi, and it's we're just scratching the surface

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Speaker 1: and President Trump essentially just through political gasoline on what

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Speaker 1: was already a massive, massive fire. Uh. And get ready, folks,

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Speaker 1: because buckle up. It's the cycle, and you can bet,

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Speaker 1: you can bet on that upcoming debate stage in Detroit,

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Speaker 1: these Democrats are going to be asked, including the front

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Speaker 1: run now, including the front runner, Joe Biden. Joe Biden,

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Speaker 1: how is he going to weigh in to the AOC

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Speaker 1: Political Times that we have an AOC just holding that

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Speaker 1: press conference on Capitol Hill with several of her colleagues

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Speaker 1: that they called the squad calling calling on Speaker Pelosi

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Speaker 1: to impeach the president. Thank you to Justin Sink, Thank

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Speaker 1: you to Eli Yokali. Thank you to Craig Gordon for

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Speaker 1: filling in for me over the past two days as

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Speaker 1: I attended my sister's beautiful wedding. I'm Kevin Cirilli. Tomorrow

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Speaker 1: it's Cryptocurrency Digital Currency Day on Capitol Hill. I'll bring

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Speaker 1: in the latest. You're listening to Bloomberg