1 00:00:00,360 --> 00:00:03,040 Speaker 1: Why from our nations came this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing space forces. I still think it's interesting 3 00:00:05,559 --> 00:00:08,880 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:14,040 Speaker 1: politics colliding to Floomberg Sound On, the insiders, the influencers, 5 00:00:14,240 --> 00:00:17,080 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,079 --> 00:00:20,040 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,040 --> 00:00:22,360 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,400 --> 00:00:25,680 Speaker 1: divide within Team Trump. The president has to do exactly 9 00:00:25,720 --> 00:00:27,280 Speaker 1: what people send him here to do, which is to 10 00:00:27,320 --> 00:00:31,160 Speaker 1: get it done. This is Bloomberg Sound On with Kevin 11 00:00:31,240 --> 00:00:35,080 Speaker 1: Shirley on Bloomberg nine one and one oh five point 12 00:00:35,880 --> 00:00:40,040 Speaker 1: h D two. Drama continues impeachment fall out. I'll bring 13 00:00:40,040 --> 00:00:42,360 Speaker 1: you the latest just on the eve of round two, 14 00:00:43,080 --> 00:00:48,080 Speaker 1: Round two of the impeachment inquiry public hearings, of course, 15 00:00:48,280 --> 00:00:50,640 Speaker 1: also the inside look at the trade front. How President 16 00:00:50,640 --> 00:00:54,320 Speaker 1: Trump's trade war went from madness or method to math, 17 00:00:55,160 --> 00:00:59,560 Speaker 1: method to madness. And we're gonna check in with Congressman 18 00:00:59,680 --> 00:01:03,480 Speaker 1: John Joyce, Republican from Pennsylvania, my home state. He's a 19 00:01:03,480 --> 00:01:06,600 Speaker 1: member of the House Homeland Security and House Small Business 20 00:01:07,360 --> 00:01:11,600 Speaker 1: Committee and FED Chair j Palace testifying back again on 21 00:01:11,800 --> 00:01:14,520 Speaker 1: Capitol Hill. I'll get you that as well. And Wendy 22 00:01:14,560 --> 00:01:18,360 Speaker 1: Benjaminson's here. She is Bloomberg News Politics editor for the 23 00:01:18,440 --> 00:01:22,240 Speaker 1: latest on the twenty twenty campaign front Eli Yokally deep 24 00:01:22,400 --> 00:01:26,960 Speaker 1: diving deep into the latest Morning Console polls where he works. 25 00:01:26,959 --> 00:01:30,480 Speaker 1: He's a political reporter for Morning Consult. It was an 26 00:01:30,560 --> 00:01:35,160 Speaker 1: easier slower news cycle than it was for yesterday to 27 00:01:35,160 --> 00:01:37,919 Speaker 1: be candid. But let's let's let's start with impeachment because 28 00:01:37,959 --> 00:01:41,080 Speaker 1: here we go, folks, Tomorrow the second round of impeachment 29 00:01:41,080 --> 00:01:44,280 Speaker 1: hearings are set to begin. My guests with me for 30 00:01:44,319 --> 00:01:47,240 Speaker 1: the hour, Wendy Benjaminson, Bloomberg News Politics editor, and of 31 00:01:47,280 --> 00:01:50,480 Speaker 1: course Eli Yokally, political reporter for Morning Consult, will dive 32 00:01:50,480 --> 00:01:55,080 Speaker 1: into the latest polling on the campaign, with Eli coming up. Wendy, 33 00:01:55,240 --> 00:01:56,960 Speaker 1: first of all, thanks for being here. Thank you for 34 00:01:57,640 --> 00:02:00,800 Speaker 1: it's been Yesterday was wild? Huh? It was? It was wild? 35 00:02:00,800 --> 00:02:05,640 Speaker 1: I kind it was also sort of calm. And I 36 00:02:05,640 --> 00:02:08,080 Speaker 1: don't know where were you found the columnist yesterday? While 37 00:02:08,080 --> 00:02:10,280 Speaker 1: I wasn't on the hill but there at the White House. 38 00:02:10,320 --> 00:02:14,119 Speaker 1: I was like, where am I? But these guys were 39 00:02:14,280 --> 00:02:18,480 Speaker 1: such prose. You know, whatever happens with the impeachment. Taylor 40 00:02:18,520 --> 00:02:23,040 Speaker 1: and Canned were career diplomats, and they had their serious 41 00:02:23,040 --> 00:02:27,040 Speaker 1: phases on and they were very straightforward and factual. And 42 00:02:27,120 --> 00:02:30,680 Speaker 1: you know it wasn't the fireworks were coming from the day. 43 00:02:30,720 --> 00:02:35,760 Speaker 1: It's not from the witness table. Yeah, it's a great voice, Taylor. Yes, 44 00:02:36,360 --> 00:02:44,040 Speaker 1: it was like Paul Harvey or something. You know, only Eli, yok. 45 00:02:44,280 --> 00:02:46,840 Speaker 1: That was genius Eli. So Speaker Pelosi gave a press 46 00:02:46,840 --> 00:02:48,480 Speaker 1: conference today. Were you at there was anyone at the 47 00:02:48,520 --> 00:02:53,480 Speaker 1: press today? No? Alright, So she spoke on Capitol Hill. Uh, 48 00:02:53,560 --> 00:02:55,919 Speaker 1: and well, let's take a listen here Speaker of the 49 00:02:55,919 --> 00:03:00,000 Speaker 1: House Nancy Pelosi putting in context the democratic perspective as 50 00:03:00,000 --> 00:03:03,280 Speaker 1: it's halftime, I guess of the first round, first round 51 00:03:03,280 --> 00:03:06,120 Speaker 1: of impeachment inquiry hearings. Here here she is what is 52 00:03:06,480 --> 00:03:09,200 Speaker 1: the president has admitted to and says it's perfect That 53 00:03:09,280 --> 00:03:13,880 Speaker 1: says it's perfectly wrong. It's bribery. So she's saying it's bribery, right, 54 00:03:13,960 --> 00:03:16,400 Speaker 1: she's saying, I guess they got away from the quid 55 00:03:16,440 --> 00:03:20,519 Speaker 1: pro quo argument. Maybe they thought there's only so many 56 00:03:20,800 --> 00:03:23,440 Speaker 1: lawyers in Washington, d C. I guess it doesn't playing 57 00:03:23,480 --> 00:03:27,000 Speaker 1: well outside of the Beltway. But now they're saying it's bribery, 58 00:03:27,120 --> 00:03:29,520 Speaker 1: plain and simple, and that a country or a ka 59 00:03:29,600 --> 00:03:32,880 Speaker 1: in this con in this case Ukraine, president Zelinski doesn't 60 00:03:32,919 --> 00:03:35,480 Speaker 1: have to accept the bribe for it to be impeachable. 61 00:03:35,520 --> 00:03:38,080 Speaker 1: That the impeachable offense would be the bribe in and 62 00:03:38,080 --> 00:03:40,240 Speaker 1: of itself. Is that what they're saying. Yeah, I think 63 00:03:40,360 --> 00:03:43,640 Speaker 1: I think Nancy Pelosi chooses her words very very carefully, 64 00:03:43,640 --> 00:03:45,760 Speaker 1: and I think she picked a word that is a crime. 65 00:03:45,880 --> 00:03:48,240 Speaker 1: She has that in common with President Trump, choosing the 66 00:03:48,240 --> 00:03:53,480 Speaker 1: words carefully. Yeah. So, Um, but she she she uses 67 00:03:53,520 --> 00:03:58,000 Speaker 1: a word. You're absolutely right. Most of America. I'm sure 68 00:03:58,000 --> 00:03:59,680 Speaker 1: they know what a quid pro co is, but but 69 00:03:59,760 --> 00:04:05,000 Speaker 1: it doesn't sound like but bribery. Bribery everybody can understand. 70 00:04:05,200 --> 00:04:09,080 Speaker 1: And what the bribery was in the Democrats mind is 71 00:04:09,120 --> 00:04:13,040 Speaker 1: that President Trump said you want military aid, then investigate 72 00:04:13,120 --> 00:04:17,599 Speaker 1: the bidens. And that's in Nancy Pelosi's mind, bribery. I mean, 73 00:04:17,640 --> 00:04:19,279 Speaker 1: we we did some pulling on this last weekend. We 74 00:04:19,279 --> 00:04:21,880 Speaker 1: found about half of Americans think that Donald Trump abused 75 00:04:21,920 --> 00:04:24,800 Speaker 1: his power. Um, that's a that's a good win for 76 00:04:24,880 --> 00:04:28,279 Speaker 1: Democrats so far. On the other hand, supporters and opponents 77 00:04:28,320 --> 00:04:32,000 Speaker 1: of impeachment have said their minds are basically made up. Um. 78 00:04:32,120 --> 00:04:34,960 Speaker 1: And so you've got about about half of Americans saying 79 00:04:34,960 --> 00:04:37,520 Speaker 1: they support impeachment, about four and ten saying they don't. 80 00:04:37,880 --> 00:04:40,440 Speaker 1: What about removing from office, Yeah, it's about the same. 81 00:04:40,560 --> 00:04:41,800 Speaker 1: I mean, there's not a lot of difference in those 82 00:04:41,800 --> 00:04:44,479 Speaker 1: two numbers. I don't know that most Americans probably under 83 00:04:44,640 --> 00:04:48,040 Speaker 1: see the difference in those two figures. Um. The challenge 84 00:04:48,040 --> 00:04:50,080 Speaker 1: will be the stuff breaking through. I mean, we all 85 00:04:50,160 --> 00:04:54,040 Speaker 1: watched these hearings, and we see the nuances and the differences. Uh, 86 00:04:54,360 --> 00:04:57,000 Speaker 1: most times things have happened in this in this impeachment process. 87 00:04:57,040 --> 00:05:00,640 Speaker 1: So far, about seventy Americans haven't heard of it. They 88 00:05:00,680 --> 00:05:03,039 Speaker 1: haven't heard the stuff. For example, they haven't heard of 89 00:05:03,080 --> 00:05:07,800 Speaker 1: the percent of Americans haven't heard of it. Wow it, 90 00:05:08,920 --> 00:05:10,440 Speaker 1: but you know it else. I mean, so much is 91 00:05:10,880 --> 00:05:13,160 Speaker 1: in the media, and the mainstream press has been comparing 92 00:05:13,200 --> 00:05:16,040 Speaker 1: this to Nixon and to Clinton, and even the media 93 00:05:16,160 --> 00:05:21,240 Speaker 1: landscape has just changed dramatically. Obviously since the Nixon impeachment, 94 00:05:21,320 --> 00:05:24,479 Speaker 1: when there were only so many networks and every one 95 00:05:24,480 --> 00:05:27,200 Speaker 1: of those networks was carrying what was it like a 96 00:05:27,279 --> 00:05:30,680 Speaker 1: month long or even longer of the impeachment proceedings, and 97 00:05:30,720 --> 00:05:32,919 Speaker 1: I remember as a kid. I know I'm dating myself, 98 00:05:33,120 --> 00:05:39,200 Speaker 1: but the Clinton, the Clinton impeachment, I can't sorry the 99 00:05:39,200 --> 00:05:41,039 Speaker 1: Clinton empeachment was even that it was it was a 100 00:05:41,080 --> 00:05:44,720 Speaker 1: different media landscape. Now it's it's the viral moments, it's online, 101 00:05:45,040 --> 00:05:47,880 Speaker 1: everyone's responding in virtually real time. Well, I'll tell you 102 00:05:47,920 --> 00:05:52,440 Speaker 1: a story in the Nixon water in the Watergate hearings, 103 00:05:52,480 --> 00:05:54,320 Speaker 1: I was home in the summer and my mother was 104 00:05:54,360 --> 00:05:57,480 Speaker 1: carrying around this little black and white TV plug and 105 00:05:57,480 --> 00:05:59,080 Speaker 1: and carry it to the next room and plug it 106 00:05:59,080 --> 00:06:01,760 Speaker 1: in so she could keep watching the hearing. And I 107 00:06:01,800 --> 00:06:05,200 Speaker 1: think that was pretty typical then because who got to 108 00:06:05,240 --> 00:06:09,400 Speaker 1: see congressional hearings live in the nine seventies, um And 109 00:06:09,520 --> 00:06:11,560 Speaker 1: nowadays you can watch the many day you want now 110 00:06:11,600 --> 00:06:13,240 Speaker 1: and as you have a smartphone. But but if you're 111 00:06:13,240 --> 00:06:15,960 Speaker 1: also plugged into who you want to tell you the information, 112 00:06:16,000 --> 00:06:18,240 Speaker 1: And I think that's one of the biggest things here 113 00:06:18,240 --> 00:06:19,880 Speaker 1: and maybe we've we're seeing that in the Pulse. Take 114 00:06:19,880 --> 00:06:23,480 Speaker 1: a listen to Kevin McCarthy, the House Minority Leader, Kevin McCarthy, 115 00:06:23,520 --> 00:06:26,960 Speaker 1: Republican from California, because he also spoke on Capitol Hill today, 116 00:06:26,960 --> 00:06:30,000 Speaker 1: I guess I'm calling it halftime because the second round 117 00:06:30,000 --> 00:06:33,119 Speaker 1: of hearings are tomorrow. Take a listen to Leader McCarthy. 118 00:06:33,200 --> 00:06:35,480 Speaker 1: This is so divisive to our country that it has 119 00:06:35,520 --> 00:06:41,080 Speaker 1: to be so compelling, so overwhelming, and bipartisan. Otherwise we 120 00:06:41,120 --> 00:06:45,840 Speaker 1: should not put our country through it. I think Speakership 121 00:06:45,920 --> 00:06:49,560 Speaker 1: Pelosi should hold to her own words. There's nothing compelling, 122 00:06:50,040 --> 00:06:54,200 Speaker 1: there's nothing overwhelming, And the only bipartisan vote we had 123 00:06:55,080 --> 00:06:58,719 Speaker 1: was the end impeachment. It was apparently she doesn't stick 124 00:06:58,760 --> 00:07:01,359 Speaker 1: with her words. It was really the remarkable Eli just 125 00:07:01,480 --> 00:07:05,320 Speaker 1: to see how unlock step the Republicans remain as a 126 00:07:05,400 --> 00:07:08,200 Speaker 1: result of this, And yesterday the President meeting with Turkish 127 00:07:08,240 --> 00:07:11,400 Speaker 1: President Air Duan and also a small group of Republican 128 00:07:11,480 --> 00:07:15,240 Speaker 1: senators at the White House, including Senator Lindsey Graham, Joni Earnst, 129 00:07:15,240 --> 00:07:19,000 Speaker 1: Tim Scott, Ted Cruz, and according to reports, he also 130 00:07:19,000 --> 00:07:21,520 Speaker 1: brought up the issue of impeachment. I mean, I don't 131 00:07:21,600 --> 00:07:26,280 Speaker 1: think that any Republican really has emerged as saying that 132 00:07:26,360 --> 00:07:31,000 Speaker 1: they are against the president on this. In fact, oh, 133 00:07:31,560 --> 00:07:36,800 Speaker 1: now go ahead, Wendy's the legend on this show. I 134 00:07:36,880 --> 00:07:39,360 Speaker 1: saw a description I believe it was on Political yesterday 135 00:07:39,440 --> 00:07:41,680 Speaker 1: that said, it's sort of like this is like an 136 00:07:41,720 --> 00:07:45,560 Speaker 1: action movie where you know, the heroes gonna Jack Ryan. 137 00:07:45,600 --> 00:07:48,040 Speaker 1: It's like the Jack Ryan Show. There's like pulsing tension 138 00:07:48,080 --> 00:07:49,920 Speaker 1: and you really wonder if he's going to manage to 139 00:07:50,000 --> 00:07:53,120 Speaker 1: leap over that roof and then he doesn't find and 140 00:07:53,160 --> 00:07:54,600 Speaker 1: that's sort of what this is going to be like. 141 00:07:54,640 --> 00:07:56,960 Speaker 1: It's like all this tension and the House is going 142 00:07:57,000 --> 00:07:59,160 Speaker 1: to vote and they're gonna vote to impeach him, and 143 00:07:59,200 --> 00:08:01,280 Speaker 1: then the Senate's to quit them and we turn off 144 00:08:01,320 --> 00:08:04,400 Speaker 1: and listen. I love Anna Palmer and Jake Sherman, we've 145 00:08:04,400 --> 00:08:06,160 Speaker 1: had them on the show. They're good friends of mine. 146 00:08:06,240 --> 00:08:08,680 Speaker 1: But I gotta be candid. I think a lot of 147 00:08:08,720 --> 00:08:12,120 Speaker 1: America would rather be watching Jack Ryan than candidly watching 148 00:08:12,200 --> 00:08:15,960 Speaker 1: like Maria Yavanovitch. He's got Mary Yavanovitch, she's gonna be 149 00:08:16,000 --> 00:08:18,680 Speaker 1: testifying tomorrow. And George Kenna, Bill Taylor. I mean, I 150 00:08:18,720 --> 00:08:21,600 Speaker 1: really wonder that I have no reason to think either 151 00:08:21,640 --> 00:08:23,400 Speaker 1: way on this. I really wonder how long all the 152 00:08:23,440 --> 00:08:27,720 Speaker 1: networks cover these. I had to question, like, if you're 153 00:08:28,080 --> 00:08:31,560 Speaker 1: NBC during the day, why would you put this on 154 00:08:31,640 --> 00:08:33,199 Speaker 1: all day when there's other things you could. I mean, 155 00:08:33,640 --> 00:08:36,480 Speaker 1: you want to watch their soap operas, right like, rather 156 00:08:36,559 --> 00:08:39,960 Speaker 1: than this this Trump stuff. We'll see. Um. The challenge 157 00:08:40,000 --> 00:08:43,920 Speaker 1: I think now is that Democrats have released a lot 158 00:08:44,040 --> 00:08:46,960 Speaker 1: of this testimony, a lot of this has been reported on. 159 00:08:47,559 --> 00:08:49,920 Speaker 1: And what's gonna come new out of these hearings? I 160 00:08:49,960 --> 00:08:51,760 Speaker 1: know we got a little bit new yesterday and the 161 00:08:51,800 --> 00:08:56,000 Speaker 1: Taylor testimony about this call with the EU investor US 162 00:08:56,040 --> 00:08:58,800 Speaker 1: and Trump and Trumps denied it. That was a little 163 00:08:58,880 --> 00:09:01,440 Speaker 1: nugget of news. Um, there's not been a whole lot 164 00:09:01,480 --> 00:09:03,480 Speaker 1: else from yesterday's test me. We'll see what comes tomorrow. 165 00:09:04,080 --> 00:09:06,280 Speaker 1: Let me put that question to you, Andy Benjaminson, Bloomberg 166 00:09:06,320 --> 00:09:09,719 Speaker 1: News Politics editor, Do you think that the networks are 167 00:09:09,720 --> 00:09:12,280 Speaker 1: going to to the point that you live raised? Do 168 00:09:12,280 --> 00:09:15,080 Speaker 1: you think the networks are gonna are gonna take every 169 00:09:15,120 --> 00:09:19,200 Speaker 1: single day of this hearing? Probably not, and that's going 170 00:09:19,240 --> 00:09:21,360 Speaker 1: to be a huge story. That will be a story 171 00:09:21,480 --> 00:09:23,640 Speaker 1: I think that. I mean, who knows what they'll do. 172 00:09:23,720 --> 00:09:26,000 Speaker 1: I mean, I think there will be days where we'll 173 00:09:26,040 --> 00:09:30,560 Speaker 1: really want to listen to everything. I did notice that, Um, 174 00:09:30,679 --> 00:09:32,839 Speaker 1: you know, I was wondering how the networks would handle 175 00:09:32,880 --> 00:09:36,560 Speaker 1: it when they we thought the hearing was going to continue, 176 00:09:36,559 --> 00:09:39,080 Speaker 1: and then Trump and Turkish President Red Chip Beer to one, 177 00:09:39,080 --> 00:09:41,520 Speaker 1: We're going to have their news conference, and I thought, boy, 178 00:09:41,600 --> 00:09:44,319 Speaker 1: that's a choice to make, Like what the well the 179 00:09:44,400 --> 00:09:48,040 Speaker 1: hearing blissfully ended right before the news conference are so 180 00:09:48,080 --> 00:09:50,840 Speaker 1: I didn't have to One thing that Fox News did, however, 181 00:09:51,000 --> 00:09:53,360 Speaker 1: was to keep saying, like on the side, they'd have 182 00:09:53,480 --> 00:09:56,840 Speaker 1: these boxes that said Trump said this about Bill Taylor. 183 00:09:56,880 --> 00:10:00,520 Speaker 1: Trump said that about Bill Taylor. You known club video 184 00:10:00,760 --> 00:10:02,959 Speaker 1: was funny. After the hearing was Adam Shift went out 185 00:10:02,960 --> 00:10:05,320 Speaker 1: to the MIC's outside the hearing room and was talking 186 00:10:06,040 --> 00:10:08,760 Speaker 1: and it was probably troubles liket. Thirty minutes late, forty 187 00:10:08,760 --> 00:10:10,920 Speaker 1: five minutes, forty five minutes later, I was in there. 188 00:10:11,080 --> 00:10:14,720 Speaker 1: And as soon as Adam Schiff walked out on TV, 189 00:10:15,280 --> 00:10:18,520 Speaker 1: about a minute later, Donald Trump walked out Smart, Fox 190 00:10:18,559 --> 00:10:22,080 Speaker 1: News moved to Trump. Everybody else stayed with the Shift. 191 00:10:22,920 --> 00:10:25,640 Speaker 1: It's interesting, it's it's so fascinating, And again, I just 192 00:10:25,720 --> 00:10:27,680 Speaker 1: I think that's something that's been lost in all of this, 193 00:10:27,760 --> 00:10:30,880 Speaker 1: is just how much the media landscapes have shifted in 194 00:10:30,880 --> 00:10:34,760 Speaker 1: the past three impeachment trials. Just from from as you mentioned, Wendy, 195 00:10:34,800 --> 00:10:37,880 Speaker 1: your mom carrying the TV. It was like my mom 196 00:10:37,880 --> 00:10:39,400 Speaker 1: when I was a kid in kindergarten with the O J. 197 00:10:39,480 --> 00:10:41,520 Speaker 1: Simpson trial, and I would get off the bus and 198 00:10:41,520 --> 00:10:44,440 Speaker 1: watch O J and see Gretta and CNA. Remember that uh, 199 00:10:44,559 --> 00:10:47,800 Speaker 1: Greta van session covering ERG and UH. And then of 200 00:10:47,880 --> 00:10:50,319 Speaker 1: course from the Clinton uh and now to here we 201 00:10:50,360 --> 00:10:52,960 Speaker 1: are where everyone's really following it in real time on 202 00:10:53,000 --> 00:10:57,200 Speaker 1: their phones. Coming up more penal reaction Wendy Benjaminson, Eli Yoakley. 203 00:10:57,200 --> 00:10:59,680 Speaker 1: And we're gonna check in with Congressman John Joyce the 204 00:10:59,760 --> 00:11:02,719 Speaker 1: Late this on the trade fallout and what J. J. 205 00:11:02,840 --> 00:11:07,160 Speaker 1: Pale had to say during day two a public testimony 206 00:11:07,280 --> 00:11:10,840 Speaker 1: up on Capitol Hill. Download the Bloomberg Sound On podcast 207 00:11:10,920 --> 00:11:13,760 Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading 208 00:11:13,760 --> 00:11:15,800 Speaker 1: the Bloomberg Business app. You can also find us on 209 00:11:16,000 --> 00:11:19,000 Speaker 1: Radio dot com, I Heart Radio, and Spotify. My name 210 00:11:19,040 --> 00:11:21,640 Speaker 1: is Kevin CURRELLI I'm the chief Washington correspondent for Bloomberg 211 00:11:21,640 --> 00:11:30,560 Speaker 1: Television and Bloomberg Radio. You're listening to Bloomberg. This is 212 00:11:30,559 --> 00:11:35,920 Speaker 1: Bloomberg Sound On with Kevin Surrele on Bloomberg and one 213 00:11:36,000 --> 00:11:38,520 Speaker 1: or five point seven f m h D two. The 214 00:11:38,679 --> 00:11:42,400 Speaker 1: US Economy is the star economy these days. We're growing 215 00:11:42,440 --> 00:11:45,920 Speaker 1: at you know, two percent, right in that range. Uh 216 00:11:46,160 --> 00:11:49,720 Speaker 1: so more than any of the other advanced economies are growing. 217 00:11:49,800 --> 00:11:53,080 Speaker 1: And that's uh, there's no reason to think that can't continue. Uh, 218 00:11:53,320 --> 00:11:55,240 Speaker 1: there's no reason to think that. I can see that 219 00:11:55,360 --> 00:11:58,800 Speaker 1: the probability of a recession is at all elevated at 220 00:11:58,800 --> 00:12:02,520 Speaker 1: this time. So our forecast is in our expectations very 221 00:12:02,600 --> 00:12:06,640 Speaker 1: much one of continued moderate growth, strong labor market, and inflation, 222 00:12:07,240 --> 00:12:10,160 Speaker 1: you know, close to our two percent objective. There it is, folks. 223 00:12:10,240 --> 00:12:13,600 Speaker 1: That was FED Chairman j Powell. Jerome Powell, speaking on 224 00:12:13,679 --> 00:12:17,320 Speaker 1: Capitol Hill earlier today. I'm Kevin CERELLI chief Washington correspondent 225 00:12:17,320 --> 00:12:20,280 Speaker 1: from Bloomberg Television and Bloomberg Radio. My guests are my 226 00:12:20,400 --> 00:12:24,040 Speaker 1: colleague Bloomberg News Politics editor Wendy Benjaminson. I'm a good 227 00:12:24,120 --> 00:12:28,839 Speaker 1: friend political reporter from Morning Consult Eli Yokeley. Economy is 228 00:12:28,880 --> 00:12:31,920 Speaker 1: doing pretty well, Wendy. It is. I mean there, it 229 00:12:31,960 --> 00:12:33,640 Speaker 1: was like the state. It was like the State of 230 00:12:33,640 --> 00:12:37,840 Speaker 1: the Union addresses. Michael mckeere Colligel Bloomberg Television remarked earlier 231 00:12:37,920 --> 00:12:41,040 Speaker 1: today when that hearing wrapped up, it was almost as 232 00:12:41,080 --> 00:12:44,400 Speaker 1: if to say all of this political chitter chatter. Well, 233 00:12:44,480 --> 00:12:47,079 Speaker 1: that's the problem, right, is that the economy is doing 234 00:12:47,160 --> 00:12:50,719 Speaker 1: really well. My colleagues Ms. Relina at Gulf Appalo and 235 00:12:50,800 --> 00:12:54,120 Speaker 1: Reid Picker did a great piece this week on how 236 00:12:54,240 --> 00:12:57,640 Speaker 1: the economies of Iowa, New Hampshire, Nevada, and South Carolina, 237 00:12:57,679 --> 00:13:00,400 Speaker 1: the first four primary states or content the first more 238 00:13:00,480 --> 00:13:04,319 Speaker 1: nominating contest, the economies they're doing really really well and 239 00:13:05,200 --> 00:13:08,679 Speaker 1: in ways that you know, could could help Trump and 240 00:13:09,480 --> 00:13:12,679 Speaker 1: and squelch turn out for Democrats. How does the pulling 241 00:13:12,880 --> 00:13:15,240 Speaker 1: how does the I knew you were even don't even 242 00:13:15,240 --> 00:13:16,760 Speaker 1: have to ask question the pulling in the economy. And 243 00:13:16,960 --> 00:13:21,240 Speaker 1: you're gonna ask about this. Yes, Look, voters trust Donald 244 00:13:21,240 --> 00:13:23,599 Speaker 1: Trump more than any of the top Democratic can it 245 00:13:23,760 --> 00:13:27,000 Speaker 1: can handle the economy by double digits. I mean they 246 00:13:27,160 --> 00:13:30,920 Speaker 1: double digits. See, this is why you're so good, Elion. 247 00:13:30,960 --> 00:13:33,880 Speaker 1: I'm not blowing smoke. Here is you know every number 248 00:13:34,400 --> 00:13:35,800 Speaker 1: i'd like, I like, I don't know how you remember them. 249 00:13:35,840 --> 00:13:38,680 Speaker 1: I'm not a numbers guy. Go ahead, right in front 250 00:13:38,679 --> 00:13:44,000 Speaker 1: of me. This is radio, not TV man. Don't give 251 00:13:44,040 --> 00:13:47,960 Speaker 1: away all my secrets. Look, I mean he's Donald Trump 252 00:13:48,000 --> 00:13:50,080 Speaker 1: has a compelling case to tell in the economy. UM. 253 00:13:50,240 --> 00:13:52,760 Speaker 1: Voters in voters are hearing it. The challenges are the 254 00:13:52,880 --> 00:13:55,720 Speaker 1: challenges he's seeing are almost self inflicted on these things 255 00:13:55,800 --> 00:13:58,280 Speaker 1: like trade. UM. I think that's why he's pushing so 256 00:13:58,360 --> 00:14:01,160 Speaker 1: hard to get things like the North American Trade Agreement 257 00:14:01,200 --> 00:14:03,679 Speaker 1: that he's working on with Mexico and Canada through. It 258 00:14:03,840 --> 00:14:07,040 Speaker 1: is interesting that Nancy Pelosi today said that they're close. 259 00:14:07,200 --> 00:14:10,439 Speaker 1: I'm curious why a Democratic speaker would want to give 260 00:14:10,440 --> 00:14:12,400 Speaker 1: Donald Trump a win on this. We have that sound, 261 00:14:12,480 --> 00:14:14,800 Speaker 1: but let's actually hear from Speaker Pelosi where she's talking 262 00:14:14,800 --> 00:14:17,439 Speaker 1: about U S m c A. Here she is, I 263 00:14:17,600 --> 00:14:20,080 Speaker 1: do believe that if we can get this to the 264 00:14:20,200 --> 00:14:23,520 Speaker 1: place it needs to be, which is imminent, that this 265 00:14:23,640 --> 00:14:27,680 Speaker 1: can be a template for for for future trade agreements. 266 00:14:29,080 --> 00:14:32,360 Speaker 1: I I'm struck by this because I think the calculus 267 00:14:32,600 --> 00:14:36,320 Speaker 1: is you can't criticize Speaker Pelosi for going easy on 268 00:14:36,520 --> 00:14:41,480 Speaker 1: President Trump when she's literally orchestrating an impeachment. Meanwhile, I 269 00:14:42,720 --> 00:14:44,480 Speaker 1: want to be careful here, but I'll just you know, 270 00:14:44,560 --> 00:14:47,360 Speaker 1: I was to say it. I think most folks might 271 00:14:47,440 --> 00:14:49,720 Speaker 1: not really follow U. S m c A, with the 272 00:14:49,800 --> 00:14:54,840 Speaker 1: exception of workers in these battleground states, but I think 273 00:14:55,160 --> 00:14:56,640 Speaker 1: you're not in an agreement. You get with the point 274 00:14:56,680 --> 00:14:58,320 Speaker 1: I'm trying to when I do. And I think that 275 00:14:58,440 --> 00:15:00,960 Speaker 1: there's a couple of things going on here. One is 276 00:15:01,080 --> 00:15:04,120 Speaker 1: Donald Trump tweets every day the Democrats and Congress aren't 277 00:15:04,160 --> 00:15:07,200 Speaker 1: doing anything. All they're doing is hassling me. Well, Nancy 278 00:15:07,240 --> 00:15:09,960 Speaker 1: Pelosi can say, well, we're with you on the free trade, 279 00:15:10,080 --> 00:15:13,000 Speaker 1: let's get I keep telling it after U S M 280 00:15:13,080 --> 00:15:15,320 Speaker 1: c A UM. To me, that means the United States 281 00:15:15,400 --> 00:15:19,080 Speaker 1: Marine Corps. But that's what I thought. But now after 282 00:15:19,200 --> 00:15:22,720 Speaker 1: two point oh um. The this way she can say 283 00:15:22,760 --> 00:15:25,480 Speaker 1: we want to get something done. Um, she's working on 284 00:15:26,040 --> 00:15:29,480 Speaker 1: from her perspective, she's working on protecting labor rights. Um. 285 00:15:29,560 --> 00:15:32,400 Speaker 1: And so it gives them a lot of a lot 286 00:15:32,480 --> 00:15:35,760 Speaker 1: of cover against the sort of messiness of the impeachment. 287 00:15:36,320 --> 00:15:38,040 Speaker 1: And she can say she wants to and it not 288 00:15:38,160 --> 00:15:42,640 Speaker 1: actually happened in the end. I mean, where the Democratic 289 00:15:42,840 --> 00:15:45,920 Speaker 1: Caucus is on this today, and you can imagine there's 290 00:15:45,920 --> 00:15:48,600 Speaker 1: a lot of folks on the on the hill. Donald 291 00:15:48,640 --> 00:15:50,880 Speaker 1: Trump will win, but the moderates one, you know, the 292 00:15:51,880 --> 00:15:55,440 Speaker 1: lobbying forces out in full swing. These businesses are they 293 00:15:55,520 --> 00:15:58,480 Speaker 1: want the certainty. I think it's almost in a weird way. 294 00:15:58,480 --> 00:16:00,920 Speaker 1: According to economists that I entered, it's almost been priced 295 00:16:00,960 --> 00:16:02,840 Speaker 1: in that this is going to get over the finish line. 296 00:16:02,960 --> 00:16:06,040 Speaker 1: So if it weren't to happen, it would be it 297 00:16:06,080 --> 00:16:08,840 Speaker 1: would be unexpected, I feel at this point. But to 298 00:16:09,040 --> 00:16:11,360 Speaker 1: both the to all of our points. You know, people 299 00:16:11,360 --> 00:16:14,600 Speaker 1: are gonna be talking about round the table Thanksgiving when 300 00:16:14,640 --> 00:16:17,280 Speaker 1: they pass around the turkey leg, when they when they 301 00:16:17,640 --> 00:16:20,160 Speaker 1: when they pass around the turkey leg, take a bite, 302 00:16:20,400 --> 00:16:22,120 Speaker 1: say what they're thankful for and pass it to their 303 00:16:22,160 --> 00:16:24,080 Speaker 1: cousin sitting next to them. Is that only my family? 304 00:16:24,400 --> 00:16:30,640 Speaker 1: Oh god, yes, that was our thing Thanksgiving tradition of 305 00:16:30,880 --> 00:16:34,280 Speaker 1: are gonna get so much trouble? Back in Delco, that's 306 00:16:34,320 --> 00:16:36,040 Speaker 1: what we would do. We would take the turkey leg, 307 00:16:36,320 --> 00:16:38,160 Speaker 1: take a bite. And so you always wanted to start 308 00:16:38,240 --> 00:16:42,320 Speaker 1: it because if you went last, you were Anyway, I 309 00:16:42,440 --> 00:16:45,400 Speaker 1: am so on topic. My Christine Verona, who goes on 310 00:16:45,520 --> 00:16:48,240 Speaker 1: vacation tomorrow, is like, get me out of here anyway. 311 00:16:48,240 --> 00:16:50,280 Speaker 1: But they're gonna be talking about impeachment or football. They're 312 00:16:50,280 --> 00:16:52,720 Speaker 1: not gonna be talking about U. S. M c A 313 00:16:52,960 --> 00:16:56,440 Speaker 1: and and labor market reports and and the manufacturing slow 314 00:16:56,520 --> 00:17:01,000 Speaker 1: down or or right, Am I wrong? Am? I I mean? 315 00:17:01,560 --> 00:17:06,120 Speaker 1: And I think what are people talking? They do think 316 00:17:06,240 --> 00:17:09,000 Speaker 1: if people do say what they're thankful for, which I 317 00:17:09,040 --> 00:17:10,760 Speaker 1: think a lot of families do, they just don't share 318 00:17:10,760 --> 00:17:15,200 Speaker 1: a turkey like while they're doing it. The But you know, 319 00:17:15,600 --> 00:17:19,800 Speaker 1: people are working, people, inflation is down, I mean, all 320 00:17:19,880 --> 00:17:21,960 Speaker 1: the things that that are good about the economy. And 321 00:17:22,040 --> 00:17:24,040 Speaker 1: one of the things from that piece I mentioned earlier 322 00:17:24,119 --> 00:17:27,040 Speaker 1: this week is that, for example, in South Carolina, where 323 00:17:27,800 --> 00:17:30,600 Speaker 1: where the African American turnout has to be there for 324 00:17:30,640 --> 00:17:34,639 Speaker 1: the Democrats, more African American men are working now than 325 00:17:34,680 --> 00:17:38,080 Speaker 1: they were in by like a lot by. You know. 326 00:17:38,600 --> 00:17:40,959 Speaker 1: I was at the Labor department when those numbers came out. 327 00:17:41,000 --> 00:17:42,879 Speaker 1: And it's not a lie that I mean that is, 328 00:17:43,800 --> 00:17:49,200 Speaker 1: I get the tonal arguments and the rhetorical the rhetorical 329 00:17:49,280 --> 00:17:51,720 Speaker 1: critiques of both sides, and I'm not critiquing that, but 330 00:17:51,760 --> 00:17:54,879 Speaker 1: the numbers don't lie. And one thing that um, I 331 00:17:55,000 --> 00:17:57,320 Speaker 1: think I have to say, I think is really smart 332 00:17:57,359 --> 00:17:59,760 Speaker 1: of the Trump campaign is they're starting to sort of 333 00:18:00,200 --> 00:18:02,720 Speaker 1: own him. There was that ad during the World Series 334 00:18:02,800 --> 00:18:05,080 Speaker 1: that said, yeah, he's not a nice guy, but look 335 00:18:05,119 --> 00:18:08,399 Speaker 1: what he's done, which speaks to what everyone thinks. I mean, 336 00:18:08,520 --> 00:18:11,840 Speaker 1: now all of America can agree he's not a nice guy. 337 00:18:12,280 --> 00:18:16,400 Speaker 1: But is what the geopses? That was an incredibly compelling ad. 338 00:18:16,440 --> 00:18:18,159 Speaker 1: I mean, that sums up the Trump message and like 339 00:18:18,280 --> 00:18:20,440 Speaker 1: one sentence, and he's gonna have to make that case 340 00:18:20,520 --> 00:18:22,720 Speaker 1: to a lot of folks. I mean, we look across 341 00:18:22,760 --> 00:18:26,480 Speaker 1: the country and he is so unpopular name of state 342 00:18:26,520 --> 00:18:31,080 Speaker 1: and he's probably dropped there, and so the economy, and 343 00:18:31,160 --> 00:18:34,200 Speaker 1: I'm like winning for you, right, And this whole Nicky 344 00:18:34,280 --> 00:18:36,320 Speaker 1: Haley re emergence, which we didn't really get to talk 345 00:18:36,359 --> 00:18:38,240 Speaker 1: about on this show, but she's been on her book 346 00:18:38,280 --> 00:18:40,480 Speaker 1: tour with with all due respect is the name of 347 00:18:40,520 --> 00:18:43,480 Speaker 1: her new book, and Nicki Haley, the former UN ambassador 348 00:18:43,520 --> 00:18:45,680 Speaker 1: and of course the former governor of South Carolina, which 349 00:18:45,760 --> 00:18:49,520 Speaker 1: plays such a crucial state. Uh. And the rumblings of 350 00:18:49,600 --> 00:18:52,720 Speaker 1: how she's carefully aligned herself on this media blitz that 351 00:18:52,800 --> 00:18:55,040 Speaker 1: she's been on the Today Show and all the all 352 00:18:55,080 --> 00:18:58,240 Speaker 1: the networks where she's carefully aligned herself with President Trump. 353 00:18:58,320 --> 00:19:01,159 Speaker 1: And I'm wondering, is this I don't have any reporting 354 00:19:01,200 --> 00:19:03,560 Speaker 1: on this, but the question that is openly asked around town. 355 00:19:03,600 --> 00:19:05,720 Speaker 1: I'm not saying anything new here is is she jockeying 356 00:19:06,080 --> 00:19:11,840 Speaker 1: notour but for a Pence replacement that could be It 357 00:19:11,920 --> 00:19:15,200 Speaker 1: would he would have to be down and out and 358 00:19:15,359 --> 00:19:20,840 Speaker 1: would surprised. Would you be surprised? Maybe I would, I 359 00:19:20,920 --> 00:19:23,439 Speaker 1: mean anything, It's it's Trump's White House, like any I mean, 360 00:19:23,800 --> 00:19:27,200 Speaker 1: but she be surprised anymore. Yeah, it's not the smart 361 00:19:27,280 --> 00:19:28,879 Speaker 1: take or the hot take to be surprised, like, oh 362 00:19:28,920 --> 00:19:30,680 Speaker 1: I saw that coming anyway, none of us saw any 363 00:19:30,680 --> 00:19:32,760 Speaker 1: other coming go ahead. No, I was just gonna say. 364 00:19:32,840 --> 00:19:36,640 Speaker 1: She's been very, very loyal, you know, more loyal than 365 00:19:36,840 --> 00:19:41,520 Speaker 1: practically any other of the former's former top aids who 366 00:19:41,520 --> 00:19:45,240 Speaker 1: have left. So for her to try to take his place, 367 00:19:45,320 --> 00:19:48,240 Speaker 1: it would almost have to be with his blessing. Interesting, 368 00:19:48,320 --> 00:19:50,119 Speaker 1: and Mike Pence has been incredibly loyal too, I mean 369 00:19:50,160 --> 00:19:51,560 Speaker 1: whenever he get out there. It's one of the most 370 00:19:51,600 --> 00:19:55,120 Speaker 1: stuntious defenders of Donald Trump anytime he opens his mouth. 371 00:19:55,720 --> 00:20:00,080 Speaker 1: But does anyone believe that if, if, if she, or 372 00:20:00,119 --> 00:20:02,960 Speaker 1: if President Trump believed that getting that's switching the ticket, 373 00:20:03,160 --> 00:20:05,879 Speaker 1: which again I'm not speculating here. Everyone's talking about this 374 00:20:06,080 --> 00:20:09,560 Speaker 1: in private conversation, not sources, but I'm talking about this 375 00:20:09,640 --> 00:20:12,000 Speaker 1: is an open conversation here inside of Beltway. If President 376 00:20:12,040 --> 00:20:15,920 Speaker 1: Trump believed that that switching the ticket would get him reelected, 377 00:20:16,280 --> 00:20:18,080 Speaker 1: he would do it, and if and if he had 378 00:20:18,119 --> 00:20:20,760 Speaker 1: to keep it right in a heartbeat, Oh yeah, you mean, 379 00:20:20,880 --> 00:20:23,800 Speaker 1: is he loyal to his people? There's no evidence of that. 380 00:20:24,080 --> 00:20:25,600 Speaker 1: What's the case for it? Like, why would you add 381 00:20:25,600 --> 00:20:29,919 Speaker 1: to a loyalist? Women a different tone? She's perceived as 382 00:20:29,920 --> 00:20:33,359 Speaker 1: being more moderate. Uh, suburban districts would she be I 383 00:20:33,400 --> 00:20:35,560 Speaker 1: mean suburbs. I shouldn't say, well, I mean, right, would 384 00:20:35,600 --> 00:20:37,840 Speaker 1: that be the case that that that she would be 385 00:20:37,880 --> 00:20:39,520 Speaker 1: able to win back some of the suburbs because those 386 00:20:39,520 --> 00:20:43,960 Speaker 1: suburbs he needs, He needs those suburbs. It's a very 387 00:20:44,520 --> 00:20:48,600 Speaker 1: cynical take to say just for women. But I want 388 00:20:48,600 --> 00:20:51,040 Speaker 1: to correct my I was spoken. I spoke out of 389 00:20:51,080 --> 00:20:52,800 Speaker 1: turn there. That was wrong, and I shouldn't said that. 390 00:20:52,880 --> 00:20:54,280 Speaker 1: I don't mean you, I mean I mean the people 391 00:20:54,280 --> 00:20:57,280 Speaker 1: who've been talking about this, because I was saying I 392 00:20:57,400 --> 00:21:01,480 Speaker 1: was I was reporting on what's calling you that I'm 393 00:21:01,480 --> 00:21:06,200 Speaker 1: an optimist? We pass around. Turkey Legs has a point. 394 00:21:06,320 --> 00:21:10,040 Speaker 1: I mean, she is extremely conservative, she is pro life. 395 00:21:10,200 --> 00:21:14,800 Speaker 1: She has a lot of very conservative policies that might 396 00:21:14,920 --> 00:21:17,760 Speaker 1: not help with suburban women. On the other hand, the 397 00:21:17,840 --> 00:21:21,040 Speaker 1: suburban women are fleeing the GOP. I correct me if 398 00:21:21,040 --> 00:21:24,520 Speaker 1: I'm wrong, but in large numbers, and having a woman 399 00:21:24,560 --> 00:21:27,280 Speaker 1: who is perceived to be more moderate than Mike Pants 400 00:21:27,280 --> 00:21:29,520 Speaker 1: who you know, Let's agree, he's a he is a 401 00:21:29,680 --> 00:21:33,520 Speaker 1: real conservative. I mean whatever Trump is, he is, he 402 00:21:34,000 --> 00:21:36,919 Speaker 1: as a real conservative. Yeah, I mean he is old school, 403 00:21:37,240 --> 00:21:41,640 Speaker 1: old seriously religious conservative and she is not perceived that way. 404 00:21:42,000 --> 00:21:44,320 Speaker 1: So in the sense that it's fascinating, I just think 405 00:21:44,320 --> 00:21:46,520 Speaker 1: Trump sucks a lot of oxygen out of the room. 406 00:21:47,400 --> 00:21:50,199 Speaker 1: Very very true, very very true. All right, coming up, 407 00:21:50,320 --> 00:21:53,080 Speaker 1: panel stays, We're gonna check in with Congressman John Joyce, 408 00:21:53,280 --> 00:21:56,320 Speaker 1: a Republican from Pennsylvania, my home state, the Keystone State. 409 00:21:56,760 --> 00:21:59,160 Speaker 1: And you can download the Bloomberg Sound On podcast on Apple, 410 00:21:59,200 --> 00:22:01,320 Speaker 1: it tunes, at Bloomberg dot com, or by downloading the 411 00:22:01,359 --> 00:22:03,640 Speaker 1: Bloomberg Business app. You can also find us on Radio 412 00:22:03,760 --> 00:22:06,320 Speaker 1: dot com, I Heart Radio and Spotify. I'm Kevin Sireli. 413 00:22:06,400 --> 00:22:10,160 Speaker 1: What's everybody doing for Thanksgiving? Give Back? You're listening to Bloomberg. 414 00:22:16,119 --> 00:22:19,560 Speaker 1: You're listening to Bloomberg Sound On with Kevin Slate on 415 00:22:19,680 --> 00:22:22,640 Speaker 1: Bloomberg and nine one and one Old five point seven 416 00:22:22,720 --> 00:22:26,480 Speaker 1: f M HD two. I'm Kevin Cirelli, Chief Washington correspondent 417 00:22:26,520 --> 00:22:30,960 Speaker 1: for Bloomberg Television and Bloomberg Radio. Funny Benjaminson, our my 418 00:22:31,080 --> 00:22:33,840 Speaker 1: colleague Carrack Bloomberg, Bloomberg's politics editor. She had a duck 419 00:22:33,880 --> 00:22:37,120 Speaker 1: out a story story. She's got to get back to editing. 420 00:22:37,200 --> 00:22:40,840 Speaker 1: We're always appreciative of Welndy. Eli Yokley still here. We're awaiting. 421 00:22:40,880 --> 00:22:43,480 Speaker 1: He's a political reporter for more than consul. We're awaiting 422 00:22:43,520 --> 00:22:46,720 Speaker 1: Congressman John Joyce, a Republican from Pennsylvania. He's a member 423 00:22:46,760 --> 00:22:50,800 Speaker 1: of the House Homeland Security and House Small Business Committees. Eli, 424 00:22:51,800 --> 00:22:55,960 Speaker 1: I'm struck the mayor South Ben Mayor Pete Buddha Jedge 425 00:22:56,000 --> 00:22:59,480 Speaker 1: surging to number one in Iowa. Wow, it's it's within 426 00:22:59,520 --> 00:23:00,920 Speaker 1: the margin of or in the pole. It has a 427 00:23:01,040 --> 00:23:04,080 Speaker 1: big loss for Biden. It's not good for everybody, right, 428 00:23:04,200 --> 00:23:06,520 Speaker 1: you want to be number one? Um, And I think 429 00:23:06,680 --> 00:23:11,200 Speaker 1: what they say about winners. I hate to be the 430 00:23:11,320 --> 00:23:12,840 Speaker 1: guy who says this, but I think one of the 431 00:23:12,840 --> 00:23:14,240 Speaker 1: first times I was on your show, I told you 432 00:23:14,840 --> 00:23:17,600 Speaker 1: keep your eye on Mayor Pete. Wow. Oh you're you're 433 00:23:17,680 --> 00:23:21,200 Speaker 1: now that guy I feel like I'm like a what 434 00:23:21,280 --> 00:23:24,280 Speaker 1: if I had the table? Okay, so play this out, 435 00:23:24,400 --> 00:23:27,399 Speaker 1: Ken Buddha Jedge surpassed Biden or you know, you look 436 00:23:27,440 --> 00:23:29,159 Speaker 1: at the poles you're and insider, tell us, tell us 437 00:23:29,200 --> 00:23:31,440 Speaker 1: what you're seeing. Read the numbers for us. Well, look, 438 00:23:31,480 --> 00:23:33,000 Speaker 1: we did a big thing about a month ago on 439 00:23:33,080 --> 00:23:35,520 Speaker 1: the state of the Democratic Party, big survey of all 440 00:23:35,520 --> 00:23:39,280 Speaker 1: the Democrats that we got and the message that Mayor 441 00:23:39,320 --> 00:23:42,320 Speaker 1: Pete is giving to the public right now, this idea 442 00:23:42,440 --> 00:23:45,320 Speaker 1: of Obama was good, but we need to do better 443 00:23:45,440 --> 00:23:48,080 Speaker 1: and move on. It's almost moderate message with you know, 444 00:23:48,240 --> 00:23:50,359 Speaker 1: a little bit of a progressive flair. That's where like 445 00:23:50,440 --> 00:23:52,240 Speaker 1: the most of the Democratic Party is. I mean, this 446 00:23:52,320 --> 00:23:54,879 Speaker 1: is still a moderate Democratic party, and this is one 447 00:23:54,960 --> 00:23:59,280 Speaker 1: that wants to look forward, forward beyond. Yeah, the biggest 448 00:23:59,280 --> 00:24:01,520 Speaker 1: sheriff Democrats call themselves moderate. I know it doesn't sound 449 00:24:01,560 --> 00:24:03,359 Speaker 1: like that on cable news or on Capitol Hill, but 450 00:24:03,720 --> 00:24:05,920 Speaker 1: Twitter or on Twitter, right, but at the end of 451 00:24:05,920 --> 00:24:07,919 Speaker 1: the day, the both of the folks are are moderate. 452 00:24:08,240 --> 00:24:10,040 Speaker 1: Why are there so many late entries into the race 453 00:24:10,119 --> 00:24:12,640 Speaker 1: of All Patrick former New York City Mayor Michael Bloomberg, 454 00:24:13,040 --> 00:24:15,440 Speaker 1: I mean, where, why are there so many late entries 455 00:24:15,440 --> 00:24:17,480 Speaker 1: into the race. I think a lot of folks just 456 00:24:17,560 --> 00:24:20,600 Speaker 1: don't believe. I don't have confidence in Joe Biden's abilities. 457 00:24:20,920 --> 00:24:23,639 Speaker 1: But it's also like Pete. It's also a critique on 458 00:24:23,720 --> 00:24:26,440 Speaker 1: Bernie on Warren, who came out with the add against billionaires. 459 00:24:27,920 --> 00:24:30,600 Speaker 1: I think it's true. Um, look, we did some pulling 460 00:24:30,640 --> 00:24:34,320 Speaker 1: over the weekend on Mayor Bloomberg, and um he came 461 00:24:34,359 --> 00:24:36,480 Speaker 1: in in about sixth place, which is a good start. 462 00:24:36,600 --> 00:24:40,040 Speaker 1: The differences that he's the most unlike candidate in the field. 463 00:24:42,200 --> 00:24:45,239 Speaker 1: So where's the guess it's too early. We haven't seen yet. 464 00:24:45,240 --> 00:24:47,440 Speaker 1: We'll get now pitching himself as what is it like 465 00:24:47,480 --> 00:24:49,440 Speaker 1: Barack's best friend? That's right, I mean that was in 466 00:24:49,600 --> 00:24:52,080 Speaker 1: the second fascinating the second sentence of the A P 467 00:24:52,200 --> 00:24:54,960 Speaker 1: s or this morning Barack Obama, I mean friend basically. Yeah, 468 00:24:55,480 --> 00:24:59,440 Speaker 1: it's it's interesting, you wonder you hear a lot about 469 00:24:59,640 --> 00:25:02,840 Speaker 1: Barck Obama's folks being on board with the ball Patrick 470 00:25:02,920 --> 00:25:05,399 Speaker 1: kind of pushing him along. Um. I saw that he 471 00:25:05,560 --> 00:25:09,560 Speaker 1: hired a former Beato Rouric, Jason cander Aid to lead 472 00:25:09,640 --> 00:25:13,440 Speaker 1: his campaign today. Uh so it will be interesting to 473 00:25:13,440 --> 00:25:15,560 Speaker 1: see if he takes off. He's actually said he he 474 00:25:16,040 --> 00:25:19,320 Speaker 1: filed to compete in New Hampshire, which is interesting compared 475 00:25:19,400 --> 00:25:22,159 Speaker 1: to the the other possible entrance to the race. It 476 00:25:22,320 --> 00:25:25,959 Speaker 1: is interesting. Just I'm all about transparency. Just as a disclaimer, 477 00:25:26,200 --> 00:25:28,879 Speaker 1: Michael Bloomberg is the founder and majority owner of Bloomberg LP, 478 00:25:29,040 --> 00:25:32,240 Speaker 1: the parent company of Bloomberg News. Joining me on the line, 479 00:25:32,640 --> 00:25:35,840 Speaker 1: Congressman John Joyce, a Republican from Pennsylvania. He's a member 480 00:25:35,840 --> 00:25:39,879 Speaker 1: of the House Homeland Security and House Small Business Committees. Congressman, 481 00:25:40,200 --> 00:25:44,159 Speaker 1: great to talk to a fellow Pennsylvanian. It's always good 482 00:25:44,200 --> 00:25:45,840 Speaker 1: to talk to him. But I gotta be candid here 483 00:25:45,880 --> 00:25:48,080 Speaker 1: before we do this interview. I take it you're a 484 00:25:48,160 --> 00:25:50,200 Speaker 1: Steelers fan. I'm from the other side of the state. 485 00:25:50,400 --> 00:25:52,600 Speaker 1: I'm a huge Eagles fan. But I will tell you this. 486 00:25:52,960 --> 00:25:55,119 Speaker 1: I think we will agree that we want the Patriots 487 00:25:55,160 --> 00:25:58,000 Speaker 1: to lose on Sunday. Kevin, you might be surprised that 488 00:25:58,080 --> 00:26:00,600 Speaker 1: last year, my wife and I hosted a Super Bowl 489 00:26:00,680 --> 00:26:03,040 Speaker 1: party with that and I am a Steelers fan, that 490 00:26:03,280 --> 00:26:05,920 Speaker 1: was Eagle themed. We wanted you to beat the Patriots. 491 00:26:06,160 --> 00:26:10,399 Speaker 1: You are the best we are Pennsylvania. Yes, let me 492 00:26:10,440 --> 00:26:12,320 Speaker 1: tell you something that was two years ago and fortunately, 493 00:26:12,320 --> 00:26:13,680 Speaker 1: I'll never forget where I was. It was in my 494 00:26:13,720 --> 00:26:16,480 Speaker 1: friend Tammy's house. She had a Super Bowl party and 495 00:26:16,920 --> 00:26:20,200 Speaker 1: I had wah wa hoogies. I had um uh and 496 00:26:20,320 --> 00:26:22,159 Speaker 1: what else. I oh, there saft pretzels as well. I mean, 497 00:26:22,200 --> 00:26:23,440 Speaker 1: that was like the one of the best days of 498 00:26:23,440 --> 00:26:25,200 Speaker 1: my life. I never thought I would see the Eagles 499 00:26:25,240 --> 00:26:27,719 Speaker 1: win the Super Bowl. Anyway, Enough about the Eagles, it's 500 00:26:27,760 --> 00:26:30,679 Speaker 1: a politics show. Congressman and Peachman. What do you make 501 00:26:30,720 --> 00:26:33,440 Speaker 1: where do you think stand? I'm calling today halftime because 502 00:26:33,480 --> 00:26:35,480 Speaker 1: you've got round two of the hearings tomorrow. But I 503 00:26:35,520 --> 00:26:38,720 Speaker 1: don't hear any of your Republican colleagues jump insides. Well, 504 00:26:39,080 --> 00:26:41,520 Speaker 1: I'll tell you you're not going to see Republicans jumping side. 505 00:26:41,880 --> 00:26:44,639 Speaker 1: And Kevin, I like your analogy that it's halftime because 506 00:26:44,680 --> 00:26:47,280 Speaker 1: the first half was done with the lights off. It 507 00:26:47,480 --> 00:26:50,119 Speaker 1: was done without the light of day. We didn't have 508 00:26:50,280 --> 00:26:54,240 Speaker 1: access to the transcripts, we didn't have access to being present. 509 00:26:54,359 --> 00:26:58,200 Speaker 1: So now it's the third quarter, and what happened yesterday. 510 00:26:58,440 --> 00:27:00,480 Speaker 1: It was a sad day for America, but it was 511 00:27:00,560 --> 00:27:03,680 Speaker 1: a good day for the truth. The impeachment inquiry has 512 00:27:03,840 --> 00:27:06,960 Speaker 1: always been about avenging the two thousand and sixteen election 513 00:27:07,280 --> 00:27:10,800 Speaker 1: and sabotaging President Trump. We heard Congressman Al Green, and 514 00:27:10,880 --> 00:27:13,720 Speaker 1: we heard it last night from Congresswoman or Cozy Cortez. 515 00:27:14,320 --> 00:27:19,120 Speaker 1: Neither of the people who testified at yesterday's healing. Yesterday's hearing, 516 00:27:19,600 --> 00:27:23,159 Speaker 1: neither were first can witnesses to any of the Democrats 517 00:27:23,320 --> 00:27:27,399 Speaker 1: quote no unquote evidence. All we're seeing is hearsay, and 518 00:27:27,560 --> 00:27:32,680 Speaker 1: hearsay is no reason for impeachment. When pressed, when both 519 00:27:32,760 --> 00:27:37,040 Speaker 1: witnesses were pressed, what is the overwhelming reason for impeachment? 520 00:27:37,119 --> 00:27:40,200 Speaker 1: What do we hear? Crickets, there was no response. There's 521 00:27:40,320 --> 00:27:44,440 Speaker 1: no crime that reasonable people can think should allow for 522 00:27:44,520 --> 00:27:47,159 Speaker 1: the impeachment of President Trump. Is there room in the 523 00:27:47,240 --> 00:27:51,399 Speaker 1: Republican Party? Congressman John Joyce, Republican from Pennsylvania for folks 524 00:27:51,480 --> 00:27:54,920 Speaker 1: to to to say, you know, I don't like that 525 00:27:55,040 --> 00:27:58,159 Speaker 1: he raised the issue of domestic politics on the on 526 00:27:58,240 --> 00:28:01,680 Speaker 1: the telephone call with the foreign president and and and 527 00:28:02,440 --> 00:28:04,879 Speaker 1: say that that's not an impeachable offense. Did did you know? 528 00:28:04,920 --> 00:28:06,040 Speaker 1: You know what I'm trying to get at, because I 529 00:28:06,119 --> 00:28:08,840 Speaker 1: hear that from a lot of my sources, I think 530 00:28:08,880 --> 00:28:10,719 Speaker 1: we have to focus on what you just said, an 531 00:28:10,760 --> 00:28:13,720 Speaker 1: impeachable offense. I don't want to get caught in the weeds. 532 00:28:14,080 --> 00:28:16,560 Speaker 1: We need to say what is an impeachable offense? And 533 00:28:16,600 --> 00:28:19,080 Speaker 1: we don't see evidence of it, nor do the witnesses. 534 00:28:19,359 --> 00:28:22,680 Speaker 1: The witnesses are talking about hearsay, and you know, my 535 00:28:22,800 --> 00:28:26,480 Speaker 1: background uh in Christianity tells me that their hearsay is 536 00:28:26,520 --> 00:28:29,639 Speaker 1: actually a bit of heresy. It doesn't come forth in 537 00:28:29,760 --> 00:28:35,399 Speaker 1: any clear, fair, transparent, open process. That's not what chairmanship 538 00:28:35,640 --> 00:28:38,680 Speaker 1: in the House Democrats are delivering. Here's the bottom line. 539 00:28:38,920 --> 00:28:41,600 Speaker 1: We heard it from several of the Democratic colleagues. Even 540 00:28:41,720 --> 00:28:46,000 Speaker 1: on the first day of the Congress. Democrats came to 541 00:28:46,120 --> 00:28:50,360 Speaker 1: Washington to impeach President Trump. I came to Congress to 542 00:28:50,520 --> 00:28:54,000 Speaker 1: deliver on my promises of the people of south central Pennsylvania. 543 00:28:54,920 --> 00:28:57,320 Speaker 1: John Joyce is on the line. He's a Congressman representing 544 00:28:57,360 --> 00:29:01,800 Speaker 1: the district of Pennsylvania. He's a republic can I'm curious 545 00:29:02,000 --> 00:29:04,200 Speaker 1: just in terms of where things stand on U. S 546 00:29:04,360 --> 00:29:07,160 Speaker 1: m c A as it relates to a lot of 547 00:29:07,200 --> 00:29:10,040 Speaker 1: folks in the business community, a lot of small business owners. Congressmen, 548 00:29:10,200 --> 00:29:11,840 Speaker 1: they want to see U. S m c A ratified. 549 00:29:11,880 --> 00:29:14,400 Speaker 1: Do you think we're gonna get to that? Uh? In 550 00:29:14,520 --> 00:29:16,920 Speaker 1: the first quarter of next year. You know what, I'm 551 00:29:16,960 --> 00:29:20,040 Speaker 1: the eternal optimists. I think we are going to the 552 00:29:20,160 --> 00:29:22,280 Speaker 1: U s m c A. I think it will deliver 553 00:29:22,520 --> 00:29:25,520 Speaker 1: a fairer deal for the Pennsylvania farmers. Let me define 554 00:29:25,560 --> 00:29:28,400 Speaker 1: for you, Kevin, my district. It is a wide district 555 00:29:28,480 --> 00:29:31,720 Speaker 1: and south central going into southwestern Pennsylvania. It starts in 556 00:29:31,800 --> 00:29:34,520 Speaker 1: Gettysburg and goes the whole way out west to where 557 00:29:34,560 --> 00:29:37,800 Speaker 1: the Flight nineties three flight went down. And so this 558 00:29:38,040 --> 00:29:42,560 Speaker 1: is a big agg industry. It's big small businesses, and 559 00:29:42,600 --> 00:29:46,720 Speaker 1: it's also big in commercial development, in making heavy equipment. 560 00:29:46,960 --> 00:29:50,200 Speaker 1: We've got a broad, diverse group of constituents who will 561 00:29:50,720 --> 00:29:52,920 Speaker 1: benefit from the passing of U s m c A. 562 00:29:53,320 --> 00:29:55,080 Speaker 1: I think we're going to move forward. I think there 563 00:29:55,120 --> 00:29:57,760 Speaker 1: are enough Democrats who take it back to their district 564 00:29:58,040 --> 00:30:00,560 Speaker 1: and people are saying, what are you doing. I spent 565 00:30:00,640 --> 00:30:04,680 Speaker 1: a week at home doing Veterans Day events, being at 566 00:30:04,840 --> 00:30:08,400 Speaker 1: the Triangle barbershop in downtown Altoona, being at the Walmart, 567 00:30:08,720 --> 00:30:11,200 Speaker 1: and people come up to me and say, go back 568 00:30:11,680 --> 00:30:15,480 Speaker 1: pass U s m c A, support the military, support 569 00:30:15,520 --> 00:30:19,240 Speaker 1: our veterans, lower prescription drug costs. And you know what, Kevin, 570 00:30:19,320 --> 00:30:21,920 Speaker 1: We're not doing it. So I'm I'm the optimist. I 571 00:30:22,000 --> 00:30:24,480 Speaker 1: think that we're gonna reach a deal and we're going 572 00:30:24,520 --> 00:30:26,240 Speaker 1: to bring U s m c A to the floor, 573 00:30:26,560 --> 00:30:29,160 Speaker 1: and I think it will pass. I'm also an optimist, 574 00:30:29,240 --> 00:30:31,000 Speaker 1: and I think in two weeks penn State, of which 575 00:30:31,040 --> 00:30:32,920 Speaker 1: you are also in a lumb is going to beat 576 00:30:32,960 --> 00:30:36,840 Speaker 1: the Ohio State University because the Pennsylvania State University is 577 00:30:36,920 --> 00:30:39,880 Speaker 1: going to have that upset. Can we agree on that, yes, 578 00:30:40,040 --> 00:30:43,480 Speaker 1: we can absolutely that. I am a big penn State fan. 579 00:30:44,920 --> 00:30:47,840 Speaker 1: Ice cream make a connection to though after Penn State, 580 00:30:48,160 --> 00:30:50,920 Speaker 1: I spent four years at Temple in Philadelphia, so you 581 00:30:51,000 --> 00:30:53,280 Speaker 1: can see I can. I can be by part of 582 00:30:53,360 --> 00:30:58,360 Speaker 1: the state part I will embrace clearly, but I'm also 583 00:30:58,480 --> 00:31:00,440 Speaker 1: a Temple while Yeah, I'm from dell Go. So I 584 00:31:00,920 --> 00:31:04,120 Speaker 1: like the Congressman that you appreciate Philly because you know, 585 00:31:04,320 --> 00:31:06,840 Speaker 1: sometimes Pitzburger's we don't really get that, but I do 586 00:31:06,960 --> 00:31:09,320 Speaker 1: like their perogies. Thank you to Congressman John Joyce, a 587 00:31:09,360 --> 00:31:11,800 Speaker 1: Republican from my home state of Pennsylvania, a member of 588 00:31:11,800 --> 00:31:14,960 Speaker 1: the House Homeland Security and House Small Business Districts. Coming 589 00:31:15,160 --> 00:31:19,760 Speaker 1: our committees coming up? What's on Eli Yokley's Radar. The 590 00:31:19,840 --> 00:31:22,840 Speaker 1: Morning Consult all star reporter gives us his take. Download 591 00:31:22,840 --> 00:31:26,280 Speaker 1: the Bloomberg Sound On podcast on Apple iTunes, at Bloomberg 592 00:31:26,320 --> 00:31:29,040 Speaker 1: dot com, or by downloading the Bloomberg Business App. You 593 00:31:29,080 --> 00:31:31,720 Speaker 1: can also find us on Radio dot Com, I Heart Radio, 594 00:31:31,840 --> 00:31:35,160 Speaker 1: and Spotify. I'm Kevin Serelli, Chief Washington correspondent for Bloomberg 595 00:31:35,240 --> 00:31:42,600 Speaker 1: Television and Bloomberg Radio. You're listening to Bloomberg. This is 596 00:31:42,680 --> 00:31:48,000 Speaker 1: Bloomberg's Sound On with Kevin Shirley on Bloomberg and one 597 00:31:48,040 --> 00:31:51,040 Speaker 1: all five points seven F M H D two. I'm 598 00:31:51,120 --> 00:31:54,480 Speaker 1: Kevin Serelli, Chief Washington correspondent for Bloomberg Television and Bloomberg 599 00:31:54,720 --> 00:31:59,880 Speaker 1: Radar Bloomberg Radio. It's now time for what's on Eli 600 00:32:00,080 --> 00:32:03,760 Speaker 1: Yokley's Radar. Eli Yokley is a political reporter from Morning Consult. 601 00:32:03,800 --> 00:32:07,560 Speaker 1: What did you make of Congressman John Joyce, Republican from Pennsylvania? Oh, 602 00:32:07,760 --> 00:32:10,520 Speaker 1: your mics OFFT Sorry, now it's on. He loves Pennsylvania. 603 00:32:10,760 --> 00:32:13,560 Speaker 1: I'm curious who's coming up to him at the grocery 604 00:32:13,600 --> 00:32:15,840 Speaker 1: store asking about U S m c A. If you've 605 00:32:15,840 --> 00:32:17,800 Speaker 1: been in that part of the thing. I actually believe 606 00:32:17,880 --> 00:32:21,440 Speaker 1: that there are a lot of are very informing, very 607 00:32:21,480 --> 00:32:25,800 Speaker 1: informed voters. Yes they are. Don't knock my Pennsylvanians ELI 608 00:32:26,400 --> 00:32:29,840 Speaker 1: until you try it, right. So what's on your radar? 609 00:32:29,960 --> 00:32:31,680 Speaker 1: You lii Um, Look, it's gonna be a big week 610 00:32:31,760 --> 00:32:34,520 Speaker 1: next week with impeachment and then at presidential debate on Wednesday. 611 00:32:34,560 --> 00:32:36,960 Speaker 1: There's both, So that'll be a long day for a 612 00:32:37,000 --> 00:32:41,160 Speaker 1: lot of folks. Yeah. Wait, so there's another found of 613 00:32:41,240 --> 00:32:45,000 Speaker 1: hearings come Wednesday. I'm just not sure that. I don't 614 00:32:45,040 --> 00:32:46,920 Speaker 1: know what. There's a lot of hearings next week. There's 615 00:32:46,920 --> 00:32:49,040 Speaker 1: a lot of folks coming up on Capitol Hill. Um, 616 00:32:49,160 --> 00:32:52,840 Speaker 1: including current listenant Colonel Vinmnon is gonna be up there 617 00:32:53,440 --> 00:32:56,120 Speaker 1: is probably one of the star witnesses for Democrats. Um My, 618 00:32:56,560 --> 00:32:58,360 Speaker 1: my big question is what I raised earlier, which is 619 00:32:59,000 --> 00:33:00,920 Speaker 1: is this going to break the route to the American people. 620 00:33:00,920 --> 00:33:03,600 Speaker 1: We're gonna see on Monday some initial pulling on this 621 00:33:03,800 --> 00:33:06,800 Speaker 1: to see if some of these details are are getting 622 00:33:06,840 --> 00:33:10,000 Speaker 1: out into the public's mind, but so far they haven't. 623 00:33:10,480 --> 00:33:12,240 Speaker 1: I we were talking about this a little bit in 624 00:33:12,280 --> 00:33:14,800 Speaker 1: the break and I just we mentioned it a couple 625 00:33:14,880 --> 00:33:18,640 Speaker 1: of months ago on on the on the program. But 626 00:33:19,000 --> 00:33:25,040 Speaker 1: Vladimir Zelinski of Ukraine. He has his roots in reality 627 00:33:25,120 --> 00:33:31,520 Speaker 1: television comedy and was a Ukraine celebrity before he became president. 628 00:33:31,680 --> 00:33:36,400 Speaker 1: Just the irony of to reality star presis presidents now 629 00:33:36,520 --> 00:33:39,840 Speaker 1: wrapped into their own show, into this own show. Yeah, 630 00:33:40,160 --> 00:33:43,160 Speaker 1: it really is. It really is interesting. It really has 631 00:33:43,200 --> 00:33:45,000 Speaker 1: come full circle. I kind of want to see the 632 00:33:45,000 --> 00:33:47,880 Speaker 1: tapes of Zelinski and he was like deep rooted in 633 00:33:48,000 --> 00:33:50,440 Speaker 1: Ukraine entertainment industry since the time he was a teenager. 634 00:33:51,200 --> 00:33:54,000 Speaker 1: It's wild wild. I heard about this again last night 635 00:33:54,040 --> 00:33:57,360 Speaker 1: on Laura Ingram show. I was listening and they were 636 00:33:57,440 --> 00:34:00,640 Speaker 1: saying that the reason Donald Trump was withholding aid on 637 00:34:00,720 --> 00:34:03,280 Speaker 1: Fox News last night was because they wanted to check 638 00:34:03,360 --> 00:34:05,040 Speaker 1: this guy out, see what he was like before they 639 00:34:05,080 --> 00:34:08,479 Speaker 1: sent money to him. Well, I think it's just gonna 640 00:34:08,480 --> 00:34:10,839 Speaker 1: be interesting to see. To keep hammering home this point, 641 00:34:11,520 --> 00:34:15,239 Speaker 1: just what breaks through what democrats? You know, there were 642 00:34:15,239 --> 00:34:18,040 Speaker 1: actually more Democrats who voted against impeachment than Republicans who 643 00:34:18,160 --> 00:34:20,560 Speaker 1: voted for it. And that's that's that's something that that 644 00:34:20,719 --> 00:34:22,560 Speaker 1: we can't lose in that. There's so much that's on 645 00:34:22,640 --> 00:34:24,520 Speaker 1: my radar day. There is this great story on the 646 00:34:24,560 --> 00:34:27,200 Speaker 1: Bloomberg terminal by my colleague Steve Matthews. Its headline, this 647 00:34:27,320 --> 00:34:29,360 Speaker 1: is what the trade board looks like in Bourbon country 648 00:34:29,840 --> 00:34:32,960 Speaker 1: after you're have retaliated with tariffs on Kentucky bourbon and 649 00:34:33,080 --> 00:34:35,960 Speaker 1: response to President Donald Trump's trade war. The James E. 650 00:34:36,080 --> 00:34:39,680 Speaker 1: Pepper Distillery in Lexington so far this year has suffered 651 00:34:39,800 --> 00:34:45,200 Speaker 1: more than sales decline internationally. Wow. I mean bourbon has 652 00:34:45,239 --> 00:34:48,000 Speaker 1: been really hit hard. Of course, Kentucky sent a majority leader, 653 00:34:48,040 --> 00:34:50,239 Speaker 1: Mitch McConnell state, so they've been wrapped up in the 654 00:34:50,360 --> 00:34:53,399 Speaker 1: in the trade war. Uh, the ex Uh, the blue 655 00:34:54,120 --> 00:34:56,440 Speaker 1: Where was I? Where was I going with that? Kentucky 656 00:34:56,600 --> 00:34:59,760 Speaker 1: is slowly shaking off a trade hangover, my colleague reports, 657 00:35:00,080 --> 00:35:03,719 Speaker 1: but far from ready to party on. Listen to this. Kentucky, 658 00:35:03,840 --> 00:35:08,799 Speaker 1: where of bourbon is produced, has been hurt by redistribution 659 00:35:08,840 --> 00:35:11,680 Speaker 1: from Europe and Asia to Trump's tariffs worldwide. The e 660 00:35:11,920 --> 00:35:19,759 Speaker 1: US tariff was on bourbon. Wow, tariff on bourbon. That's 661 00:35:19,840 --> 00:35:22,719 Speaker 1: that's wild, and we really hurt a lot of like 662 00:35:23,280 --> 00:35:25,839 Speaker 1: the Europeans. New UH had a lobby a little bit 663 00:35:26,120 --> 00:35:28,480 Speaker 1: and just some breaking news in the last minute that 664 00:35:28,520 --> 00:35:31,480 Speaker 1: we have. President Trump has asked formally the Supreme Court 665 00:35:31,560 --> 00:35:36,240 Speaker 1: to block New York subpoena for his tax returns. Again, 666 00:35:36,360 --> 00:35:39,400 Speaker 1: President Trump has asked the Supreme Court of the United 667 00:35:39,480 --> 00:35:44,120 Speaker 1: States to block the New York's subpoena for his tax returns. 668 00:35:44,200 --> 00:35:46,800 Speaker 1: That does it for me. Thank you to Wendy Benjaminson, 669 00:35:46,840 --> 00:35:49,640 Speaker 1: Bloomberg News Politics Editor, Thank you to Congressman John Joyce, 670 00:35:49,960 --> 00:35:52,040 Speaker 1: a Republican from Pennsylvania, And of course, thank you to 671 00:35:52,120 --> 00:35:54,880 Speaker 1: my good friend Eli Yoakley and All Star reporter for 672 00:35:55,320 --> 00:35:58,960 Speaker 1: the morning consult. Download the Bloomberg Sound On podcast on 673 00:35:59,040 --> 00:36:01,440 Speaker 1: Apple iTunes, up Boomberg dot com, or by downloading the 674 00:36:01,440 --> 00:36:03,719 Speaker 1: Bloomberg Business App. You can also find us on radio 675 00:36:03,800 --> 00:36:06,560 Speaker 1: dot com, I Heart Radio, and Spotify. I'm Kevin SURRELLI 676 00:36:06,600 --> 00:36:08,080 Speaker 1: you're listening to Bloomberg nine to nine one