1
00:00:00,880 --> 00:00:04,360
Speaker 1: You're listening to the Bloomberg Sound on podcast. Catch us

2
00:00:04,400 --> 00:00:07,520
Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the

3
00:00:07,640 --> 00:00:10,760
Speaker 1: iHeartRadio app and the Bloomberg Business app, or listening on

4
00:00:10,800 --> 00:00:13,800
Speaker 1: demand wherever you get your podcast.

5
00:00:14,000 --> 00:00:17,200
Speaker 2: President Biden is back on vacation at Lake Tahoe as

6
00:00:17,200 --> 00:00:19,360
Speaker 2: the White House prepares what is expected to be billions

7
00:00:19,400 --> 00:00:22,959
Speaker 2: of dollars in additional disaster relief funding, made more urgent,

8
00:00:23,000 --> 00:00:25,680
Speaker 2: of course, by the wildfires in Hawaii. That's on top

9
00:00:25,720 --> 00:00:28,640
Speaker 2: of a separate request coming for extra money in Ukraine.

10
00:00:29,000 --> 00:00:31,120
Speaker 2: And helping us put all of this together is Bloomberg

11
00:00:31,160 --> 00:00:34,680
Speaker 2: White House correspondent Jordan Fabian, And it's great to have

12
00:00:34,720 --> 00:00:35,000
Speaker 2: you here.

13
00:00:35,080 --> 00:00:35,360
Speaker 3: Jordan.

14
00:00:35,440 --> 00:00:37,680
Speaker 4: Thank you. You're just back from the trip to Hawaii.

15
00:00:37,720 --> 00:00:39,920
Speaker 2: You were on Air Force one for that trip with

16
00:00:40,040 --> 00:00:42,880
Speaker 2: President Biden, so we might as well start there. I'd

17
00:00:42,920 --> 00:00:44,760
Speaker 2: like to ask you a little bit about what you saw,

18
00:00:45,680 --> 00:00:47,879
Speaker 2: but importantly, the President is going to be asking for

19
00:00:47,960 --> 00:00:51,200
Speaker 2: billions of dollars for FEMA was already in need of money.

20
00:00:51,840 --> 00:00:54,160
Speaker 2: How much worse did this make the financial situation?

21
00:00:55,760 --> 00:00:57,560
Speaker 3: Joe? It seems to get worse by the day.

22
00:00:58,200 --> 00:01:01,360
Speaker 5: Just being on the ground there, the pictures in video

23
00:01:01,600 --> 00:01:05,360
Speaker 5: don't do it justice the damage. It's as if you

24
00:01:05,400 --> 00:01:09,520
Speaker 5: know a foreign army had dropped incendiary bombs on the city.

25
00:01:09,520 --> 00:01:12,120
Speaker 5: There's just nothing left and it all went away in

26
00:01:12,160 --> 00:01:14,920
Speaker 5: an instant. So you're not even not only talking about rebuilding,

27
00:01:14,920 --> 00:01:18,720
Speaker 5: but in the moment you're still trying to recover people

28
00:01:18,720 --> 00:01:19,520
Speaker 5: who may have died.

29
00:01:20,240 --> 00:01:22,440
Speaker 3: You need to take away all of.

30
00:01:22,319 --> 00:01:25,559
Speaker 5: The hazardous material from all the buildings that burned down,

31
00:01:25,880 --> 00:01:27,800
Speaker 5: and then you need to start thinking about rebuilding.

32
00:01:27,800 --> 00:01:29,640
Speaker 2: So this is going to take years, and it's going

33
00:01:29,680 --> 00:01:31,920
Speaker 2: to take billions and billions of dollars. Billions is what

34
00:01:31,959 --> 00:01:34,400
Speaker 2: we're talking about here. And all we keep hearing about

35
00:01:34,520 --> 00:01:36,319
Speaker 2: is that the government is about to shut down because

36
00:01:36,319 --> 00:01:39,720
Speaker 2: nobody can agree on just basic government funding.

37
00:01:40,280 --> 00:01:42,080
Speaker 4: So what are we in for here? I didn't even

38
00:01:42,120 --> 00:01:43,320
Speaker 4: ask yet about Ukraine?

39
00:01:43,720 --> 00:01:45,040
Speaker 3: Right, It's going to be very complicated.

40
00:01:45,160 --> 00:01:47,640
Speaker 5: September, as you just laid out the fiscal year and

41
00:01:47,720 --> 00:01:50,160
Speaker 5: September thirtieth, Congress needs to figure out the budget for

42
00:01:50,200 --> 00:01:53,120
Speaker 5: the next year, and that you know, that's on discretionary spending,

43
00:01:53,240 --> 00:01:56,080
Speaker 5: all the all the line items. And then in addition

44
00:01:56,160 --> 00:01:59,800
Speaker 5: to that, they're talking about this supplementary package for twelve

45
00:01:59,800 --> 00:02:04,200
Speaker 5: billion dollars in disaster relief, and then also that about

46
00:02:04,200 --> 00:02:07,720
Speaker 5: thirteen billion dollars is in there for Ukraine military assistance.

47
00:02:08,080 --> 00:02:10,720
Speaker 3: And so the thought now, you know.

48
00:02:10,800 --> 00:02:14,240
Speaker 5: People hypothetically speaking, that that money might get attached to

49
00:02:14,400 --> 00:02:17,480
Speaker 5: a stopgap bill to kind of stop the government from

50
00:02:17,480 --> 00:02:19,600
Speaker 5: shutting down right while they figure out the bigger questions

51
00:02:19,600 --> 00:02:20,440
Speaker 5: about the federal budget.

52
00:02:20,400 --> 00:02:23,840
Speaker 2: And while Speaker McCarthy and others in the Freedom Caucus say, no,

53
00:02:23,919 --> 00:02:26,160
Speaker 2: it's got a clean cr how's this going?

54
00:02:26,320 --> 00:02:26,440
Speaker 3: Well?

55
00:02:26,600 --> 00:02:29,200
Speaker 5: This, yeah, the House Freedom Caucus, which is this radical

56
00:02:29,240 --> 00:02:32,040
Speaker 5: group of conservatives in the House who have really forced

57
00:02:32,080 --> 00:02:36,480
Speaker 5: McCarthy's hand throughout his entire speakership, say they want things

58
00:02:36,480 --> 00:02:40,880
Speaker 5: attached like, you know, border new border security provisions, you know,

59
00:02:40,960 --> 00:02:46,320
Speaker 5: stripping money from the perhaps the prosecutors investigating Donald Trump,

60
00:02:46,680 --> 00:02:48,800
Speaker 5: and some things that Democrats just won't go for. So

61
00:02:49,080 --> 00:02:51,600
Speaker 5: that complicates the immediate question of whether they will be

62
00:02:51,639 --> 00:02:52,120
Speaker 5: a shutdown.

63
00:02:52,360 --> 00:02:54,320
Speaker 3: Not to mention the broader budget debate.

64
00:02:54,080 --> 00:02:57,000
Speaker 2: White House has two separate I know we're getting wonky here.

65
00:02:57,000 --> 00:02:59,720
Speaker 2: What are these two separate requests or one big ask

66
00:03:00,280 --> 00:03:01,960
Speaker 2: for disaster relief in Ukraine?

67
00:03:02,080 --> 00:03:03,400
Speaker 3: Right now, it's one big ass.

68
00:03:03,440 --> 00:03:06,520
Speaker 5: The entire package is forty billion dollars, and that has

69
00:03:06,560 --> 00:03:09,600
Speaker 5: a lot in it, you know, a lot of emergency requests.

70
00:03:09,680 --> 00:03:11,200
Speaker 3: Now there's a chance that could get split.

71
00:03:11,400 --> 00:03:13,280
Speaker 5: And now I want to throw something else at you, Joe,

72
00:03:13,520 --> 00:03:16,639
Speaker 5: which as I talked to Senator Brian Shotts of Hawaii

73
00:03:16,680 --> 00:03:18,840
Speaker 5: when you're out there, and he was saying that the

74
00:03:18,919 --> 00:03:22,680
Speaker 5: delegation is actually thinking about about making an additional request

75
00:03:22,760 --> 00:03:25,800
Speaker 5: just for Hawaii because the building costs could be so high.

76
00:03:25,880 --> 00:03:29,000
Speaker 5: Right now, the disaster estimate is five point five billion dollars,

77
00:03:29,160 --> 00:03:31,040
Speaker 5: and if you think about the twelve billion dollar figure,

78
00:03:31,040 --> 00:03:33,519
Speaker 5: that's almost half of that. And that's for every natural

79
00:03:33,560 --> 00:03:36,480
Speaker 5: disaster all around the country for a whole year. So

80
00:03:36,880 --> 00:03:38,760
Speaker 5: we're talking a lot of moving parts here.

81
00:03:39,480 --> 00:03:41,440
Speaker 2: So this was quite a trip. The President's not getting

82
00:03:41,440 --> 00:03:44,360
Speaker 2: a lot of credit for it. I just keep seeing

83
00:03:44,520 --> 00:03:46,760
Speaker 2: stuff on Twitter's falling asleep and a meeting. Whether that

84
00:03:46,840 --> 00:03:50,040
Speaker 2: I don't know if that actually happened. The narrative is

85
00:03:50,080 --> 00:03:51,920
Speaker 2: that he was talking about how hot the ground was

86
00:03:51,960 --> 00:03:53,880
Speaker 2: and that he almost lost his corvette in a fire.

87
00:03:54,520 --> 00:03:55,240
Speaker 4: You were there.

88
00:03:56,360 --> 00:03:57,160
Speaker 3: Is that fair?

89
00:03:57,240 --> 00:03:59,520
Speaker 2: After all the people he met, with all the touring

90
00:04:00,000 --> 00:04:02,000
Speaker 2: that he did. Realizing it was later than some people

91
00:04:02,080 --> 00:04:02,560
Speaker 2: might have wanted.

92
00:04:03,440 --> 00:04:06,120
Speaker 5: Yeah, look, I think a lot of what the president

93
00:04:06,160 --> 00:04:08,880
Speaker 5: struggling with is that first impression he made when you know,

94
00:04:09,320 --> 00:04:11,400
Speaker 5: he spoke, He spoke about the fires, and he took

95
00:04:11,440 --> 00:04:13,920
Speaker 5: five days in between talking about it again. And in

96
00:04:13,920 --> 00:04:15,840
Speaker 5: between is when he was asked about the death toll

97
00:04:15,920 --> 00:04:17,919
Speaker 5: and said no comments. So a lot of people have

98
00:04:18,040 --> 00:04:19,880
Speaker 5: that in their mind. I think a lot of the

99
00:04:19,920 --> 00:04:22,880
Speaker 5: things on the ground with him were cherry picked. The

100
00:04:23,000 --> 00:04:25,000
Speaker 5: thing about the ground being hot. He was actually meeting

101
00:04:25,080 --> 00:04:30,080
Speaker 5: a cadaver dog who's been going through the wreckage wearing boots,

102
00:04:30,120 --> 00:04:32,320
Speaker 5: wearing boots, and so you know, that's what he was

103
00:04:32,320 --> 00:04:35,599
Speaker 5: commenting on. And you know, we drove in his motorcade

104
00:04:35,680 --> 00:04:37,799
Speaker 5: along the road. You know, there were certainly some Trump

105
00:04:37,800 --> 00:04:41,279
Speaker 5: supporters there, people raising their fingers, middle fingers to Biden.

106
00:04:41,400 --> 00:04:43,599
Speaker 5: There were, yeah, there were some of that, but there

107
00:04:43,600 --> 00:04:45,480
Speaker 5: were a lot of people who were all so excited

108
00:04:45,520 --> 00:04:47,960
Speaker 5: to see him. We were in a community meeting where

109
00:04:48,000 --> 00:04:52,320
Speaker 5: he gave some remarks about how the US will rebuild

110
00:04:52,360 --> 00:04:54,640
Speaker 5: the way the people now he wanted to be rebuilt,

111
00:04:54,640 --> 00:04:57,640
Speaker 5: and he actually stuck around for over an hour afterwards

112
00:04:57,640 --> 00:04:59,560
Speaker 5: to talk to people one on one.

113
00:04:59,720 --> 00:05:02,839
Speaker 3: And so, yeah, there's definitely a lot of people.

114
00:05:02,839 --> 00:05:04,360
Speaker 5: Look, there's a lot of people who are angry about

115
00:05:04,360 --> 00:05:06,200
Speaker 5: what's happening, and so there's gonna be a lot of

116
00:05:06,240 --> 00:05:08,440
Speaker 5: raw motion. But he did go out there and try

117
00:05:08,480 --> 00:05:11,400
Speaker 5: and make a good impression. Yeah, understood.

118
00:05:12,279 --> 00:05:14,600
Speaker 4: Did you see this from the air or was it

119
00:05:14,680 --> 00:05:15,320
Speaker 4: by traveling?

120
00:05:15,760 --> 00:05:16,920
Speaker 3: We saw both, Joe.

121
00:05:17,000 --> 00:05:21,720
Speaker 5: So at first we were in helicopters accompanying the Presidential

122
00:05:21,800 --> 00:05:25,720
Speaker 5: helicopter Marine one. We did a flyover of Leahina, which

123
00:05:25,760 --> 00:05:28,320
Speaker 5: is the historic town there that was the hardest hit.

124
00:05:28,680 --> 00:05:30,760
Speaker 3: And then we landed and drove.

125
00:05:30,520 --> 00:05:33,520
Speaker 5: In to Front Street, which was really the epicenter of

126
00:05:33,560 --> 00:05:36,320
Speaker 5: the damage. And they were just as I said, good,

127
00:05:36,760 --> 00:05:40,040
Speaker 5: entire city blocks just gone twist and metal. You can

128
00:05:40,080 --> 00:05:43,040
Speaker 5: still smell the smoke in the air. The President spoke

129
00:05:43,160 --> 00:05:45,920
Speaker 5: up beside the famous Bandyan tree there that's been standing

130
00:05:45,960 --> 00:05:48,040
Speaker 5: for one hundred and fifty years that's really become a

131
00:05:48,080 --> 00:05:50,719
Speaker 5: symbol for the community, and he used that as sort

132
00:05:50,720 --> 00:05:53,120
Speaker 5: of a metaphor to say, you know, this tree may

133
00:05:53,160 --> 00:05:55,839
Speaker 5: have been scorched, but we will rebuild.

134
00:05:56,000 --> 00:05:57,200
Speaker 4: I'm sure you'll never forget it.

135
00:05:57,240 --> 00:05:59,160
Speaker 2: And I really this is one reason why I really

136
00:05:59,200 --> 00:06:02,880
Speaker 2: wanted to talk to you is that story is being told.

137
00:06:03,440 --> 00:06:05,000
Speaker 4: Terribly well right now, so I appreciate it.

138
00:06:05,080 --> 00:06:07,679
Speaker 2: Jordan Fabian many thanks for talking to us as always

139
00:06:08,080 --> 00:06:09,880
Speaker 2: here on Bloomberg sound On My Pleasure.

140
00:06:09,960 --> 00:06:14,320
Speaker 1: Jeff, thanks, you're listening to the Bloomberg Sound On podcast.

141
00:06:14,680 --> 00:06:18,760
Speaker 1: Catch the program live weekdays at one Eastern on Bloomberg Radio,

142
00:06:18,880 --> 00:06:21,040
Speaker 1: the tune in app, Bloomberg dot Com, and.

143
00:06:21,040 --> 00:06:22,400
Speaker 3: The Bloomberg Business App.

144
00:06:22,520 --> 00:06:25,360
Speaker 1: You can also listen live on Amazon Alexa from our

145
00:06:25,400 --> 00:06:31,320
Speaker 1: flagship New York station, Just say Alexa play Bloomberg eleven thirty.

146
00:06:31,760 --> 00:06:34,120
Speaker 2: As we move to the Congressman looking forward to talking

147
00:06:34,200 --> 00:06:37,120
Speaker 2: with Congressman Seth Molton, the Democrat from Massachusetts with us

148
00:06:37,120 --> 00:06:41,680
Speaker 2: here on the fastest show in politics. Congressman, thanks for joining.

149
00:06:41,760 --> 00:06:43,840
Speaker 2: It's great to have you back. Of course, your view

150
00:06:43,920 --> 00:06:46,880
Speaker 2: is a Democrat from Massachusetts, about the whole debate tonight

151
00:06:46,960 --> 00:06:48,840
Speaker 2: might be interesting, and I'm going to ask you about that,

152
00:06:49,160 --> 00:06:50,800
Speaker 2: but I do want to start with the matter at

153
00:06:50,800 --> 00:06:53,080
Speaker 2: hand here. As we were discussing with Jordan, he's just

154
00:06:53,160 --> 00:06:56,040
Speaker 2: back from Hawaii, he's seen the damage firsthand. And as

155
00:06:56,080 --> 00:06:59,040
Speaker 2: we juggle these requests, the supplemental requests for billions and

156
00:06:59,080 --> 00:07:03,480
Speaker 2: disaster relief for Hawaii on top of what is needed

157
00:07:03,560 --> 00:07:07,000
Speaker 2: in Ukraine, hearing threats of a government shut down. Do

158
00:07:07,080 --> 00:07:11,040
Speaker 2: you see any of this actually being approved in Congress?

159
00:07:12,480 --> 00:07:14,480
Speaker 6: Well, Joe, first of all, it's great to be back,

160
00:07:14,520 --> 00:07:18,000
Speaker 6: thanks for having me. And yes, I think that people

161
00:07:18,120 --> 00:07:22,480
Speaker 6: understand that we need to get aid to Hawaii. Most people,

162
00:07:22,520 --> 00:07:25,680
Speaker 6: including most Republicans in Congress, understand that we need to

163
00:07:25,680 --> 00:07:27,760
Speaker 6: get aid to Ukraine. They're just afraid to say it

164
00:07:27,760 --> 00:07:31,560
Speaker 6: publicly because they get so much backlash from the far right.

165
00:07:32,360 --> 00:07:35,080
Speaker 6: The question, of course, is how long it will take

166
00:07:35,200 --> 00:07:37,960
Speaker 6: to actually work out a deal and the way that

167
00:07:38,000 --> 00:07:42,360
Speaker 6: the far right extremists in the Freedom Caucus have a

168
00:07:42,400 --> 00:07:45,880
Speaker 6: stranglehold on Kevin McCarthy's speakership. That's I mean, you said

169
00:07:45,880 --> 00:07:48,680
Speaker 6: it yourself. That's exactly the problem here, that's the political

170
00:07:48,680 --> 00:07:50,920
Speaker 6: obstacle to getting these things done.

171
00:07:53,120 --> 00:07:55,800
Speaker 2: Is this all the same conversation congressman about funding the

172
00:07:55,800 --> 00:07:59,440
Speaker 2: government as well as these supplemental requests? Or could it

173
00:07:59,440 --> 00:08:03,480
Speaker 2: be that congre risks emergency a disaster relief through for instance,

174
00:08:03,880 --> 00:08:06,480
Speaker 2: and then has a longer argument about funding the next

175
00:08:06,480 --> 00:08:07,080
Speaker 2: fiscal year.

176
00:08:08,240 --> 00:08:09,680
Speaker 6: Well, there are a lot of different ways that could

177
00:08:09,960 --> 00:08:12,400
Speaker 6: this The gould play out but the problem is you

178
00:08:12,440 --> 00:08:15,000
Speaker 6: don't have reasonable people in the room. And let's also

179
00:08:15,040 --> 00:08:18,000
Speaker 6: step back a second, Joe. The reason we're here in

180
00:08:18,040 --> 00:08:21,000
Speaker 6: the first place is because of the total dysfunction of

181
00:08:21,000 --> 00:08:26,720
Speaker 6: the Republican House, which hasn't passed hardly any appropriations bills.

182
00:08:27,160 --> 00:08:29,080
Speaker 6: I mean, I said in the House Armed Services Committee,

183
00:08:29,120 --> 00:08:31,520
Speaker 6: and one thing that we hear year after year after

184
00:08:31,640 --> 00:08:36,040
Speaker 6: year is you can't just give us continuing resolutions that

185
00:08:36,160 --> 00:08:41,560
Speaker 6: basically just copy last year's budget for this year because

186
00:08:41,559 --> 00:08:43,880
Speaker 6: they can't make any changes. They can't innovate, they can't

187
00:08:43,920 --> 00:08:46,520
Speaker 6: invest in new things that we need to keep our

188
00:08:46,600 --> 00:08:51,480
Speaker 6: nation safe. Guess what the world changes, technology changes. We

189
00:08:51,520 --> 00:08:54,200
Speaker 6: don't want to be buying the same weapons systems, the

190
00:08:54,200 --> 00:08:57,520
Speaker 6: same ammunition, whatever it is, the same computers, the same

191
00:08:57,559 --> 00:09:01,600
Speaker 6: software that we bought a year ago, five years ago,

192
00:09:01,640 --> 00:09:06,080
Speaker 6: ten years ago. I mean, that's common sense, and yet

193
00:09:06,440 --> 00:09:10,800
Speaker 6: we're debating whether we can just get a continuing resolution

194
00:09:11,000 --> 00:09:14,240
Speaker 6: through that in and of itself, is not what we need.

195
00:09:14,720 --> 00:09:18,600
Speaker 6: We're in this place to begin with because under Republican

196
00:09:18,679 --> 00:09:22,280
Speaker 6: leadership of the House, they can't even pass basic appropriations

197
00:09:22,320 --> 00:09:27,560
Speaker 6: bills to fulfill the budgetary needs and requests of For example,

198
00:09:27,600 --> 00:09:30,200
Speaker 6: the Department of Defense, and even the things that we

199
00:09:30,360 --> 00:09:34,880
Speaker 6: in Congress have already approved in our debate through the committees,

200
00:09:34,920 --> 00:09:37,079
Speaker 6: like sitting on the House Armed Services Committee. We have

201
00:09:37,080 --> 00:09:41,600
Speaker 6: a very bipartisan bill come out to fund the Department

202
00:09:41,640 --> 00:09:45,160
Speaker 6: of Defense. But if we can't update the budget to

203
00:09:45,160 --> 00:09:48,640
Speaker 6: meet the requirements of that bill, because they're just going

204
00:09:48,720 --> 00:09:50,760
Speaker 6: to copy what we had last year, they can't even

205
00:09:50,800 --> 00:09:54,400
Speaker 6: pass the appropriations bills. That's a terrible place to begin with,

206
00:09:54,520 --> 00:09:56,600
Speaker 6: and now it's looking like it will be even worse

207
00:09:56,640 --> 00:09:58,160
Speaker 6: because they can't even do that.

208
00:09:59,640 --> 00:09:59,959
Speaker 4: How much.

209
00:10:03,280 --> 00:10:05,760
Speaker 2: Well, we've got a supplemental request as well for funding

210
00:10:05,800 --> 00:10:08,440
Speaker 2: in Ukraine, and I know that's becoming a more difficult

211
00:10:08,480 --> 00:10:11,880
Speaker 2: conversation and some doubts in the intelligence community about whether

212
00:10:11,960 --> 00:10:15,560
Speaker 2: this kinter offensive was worth the investment, whether it might be.

213
00:10:15,480 --> 00:10:16,520
Speaker 4: A partial failure.

214
00:10:17,400 --> 00:10:20,160
Speaker 2: Should these be pulled apart so we can deal with

215
00:10:20,200 --> 00:10:23,079
Speaker 2: the matter in Hawaii and deal with FEMA separately from

216
00:10:23,120 --> 00:10:23,880
Speaker 2: the war in Ukraine.

217
00:10:25,240 --> 00:10:28,720
Speaker 6: I think realistically they should not be pulled apart, because

218
00:10:28,760 --> 00:10:30,959
Speaker 6: the only way that you're going to get the kind

219
00:10:30,960 --> 00:10:33,600
Speaker 6: of Republican support you need for Ukraine. Even though like

220
00:10:33,679 --> 00:10:36,320
Speaker 6: I said, there's a lot of hypocrisy going on here

221
00:10:36,400 --> 00:10:39,840
Speaker 6: because behind the scenes, most of these Republicans are supportive

222
00:10:39,880 --> 00:10:43,520
Speaker 6: of Ukraine. They understand how important supporting Ukraine is for

223
00:10:43,640 --> 00:10:47,800
Speaker 6: our national security and happy to go into that in detail.

224
00:10:48,240 --> 00:10:52,120
Speaker 6: But the point is that despite the fact that behind

225
00:10:52,160 --> 00:10:56,880
Speaker 6: closed doors a lot of Republicans support Ukraine, they're not

226
00:10:56,960 --> 00:11:00,000
Speaker 6: going to do so publicly. They're real hypocritical about it,

227
00:11:00,679 --> 00:11:04,760
Speaker 6: and so therefore it's really important that you do put

228
00:11:04,760 --> 00:11:07,440
Speaker 6: these together in a larger funding package so that we

229
00:11:07,480 --> 00:11:10,120
Speaker 6: can get it across the finish line. That might not

230
00:11:10,200 --> 00:11:12,360
Speaker 6: be the answer people like to hear, but that's the

231
00:11:12,400 --> 00:11:16,520
Speaker 6: political reality of the dysfunction that we have right now

232
00:11:16,880 --> 00:11:18,120
Speaker 6: in the Republican Caucus.

233
00:11:19,320 --> 00:11:22,000
Speaker 2: It's hard to not discuss the political reality in Russia

234
00:11:22,040 --> 00:11:24,840
Speaker 2: as we talk about Ukraine. Congressmen, we have breaking news

235
00:11:25,200 --> 00:11:29,000
Speaker 2: right now from Interfacts that have any Pregosion.

236
00:11:29,840 --> 00:11:32,600
Speaker 4: The Wagner Head were former Wagner Heads.

237
00:11:32,360 --> 00:11:35,640
Speaker 2: Has been listed among passengers aboard a private jet that

238
00:11:35,679 --> 00:11:39,520
Speaker 2: has just crashed in Russia. Inter Facts reporting this citing

239
00:11:39,559 --> 00:11:44,600
Speaker 2: Russian aviation authorities. This is just breaking news. We've heard

240
00:11:44,600 --> 00:11:47,080
Speaker 2: a lot of things about mister Progosion, but if this

241
00:11:47,240 --> 00:11:50,240
Speaker 2: is real, Congressman, we had folks on this program saying

242
00:11:50,280 --> 00:11:53,280
Speaker 2: he should avoid tall buildings after what happened with Vladimir Putin.

243
00:11:53,520 --> 00:11:54,400
Speaker 3: What does this tell us?

244
00:11:56,320 --> 00:11:58,720
Speaker 6: I mean, frankly, this is like the least surprising news

245
00:11:58,720 --> 00:12:03,199
Speaker 6: of the day, because we all expected that he wouldn't

246
00:12:03,240 --> 00:12:08,080
Speaker 6: last long after threatening Vladimir Putin, and some people said, oh,

247
00:12:08,679 --> 00:12:11,040
Speaker 6: he'll survive a year, some people said less than that.

248
00:12:11,679 --> 00:12:15,800
Speaker 6: But there's no question that Putin's out to kill his rivals,

249
00:12:15,960 --> 00:12:18,640
Speaker 6: and it sounds like that's exactly what he's done to

250
00:12:18,720 --> 00:12:20,640
Speaker 6: Progosion today.

251
00:12:21,480 --> 00:12:24,760
Speaker 2: Remarkable if this turns out to be true next week.

252
00:12:25,120 --> 00:12:28,160
Speaker 2: In our remaining moment here, Congressman, I know something that

253
00:12:28,280 --> 00:12:29,800
Speaker 2: is very important to you and your colleagues on the

254
00:12:29,880 --> 00:12:30,840
Speaker 2: Armed Services Committee.

255
00:12:30,840 --> 00:12:31,880
Speaker 4: You, as a combat.

256
00:12:31,600 --> 00:12:37,679
Speaker 2: Veteran and a marine, the anniversary of our withdrawal from Afghanistan,

257
00:12:38,160 --> 00:12:40,960
Speaker 2: bringing back some tough memories of the war and for

258
00:12:41,000 --> 00:12:47,240
Speaker 2: the administration. What are your thoughts as we approach that day.

259
00:12:47,600 --> 00:12:50,920
Speaker 6: Well, it's a solid anniversary because it was a disastrous withdrawal,

260
00:12:51,800 --> 00:12:55,040
Speaker 6: and I'm here as a Democrat not afraid to say that,

261
00:12:55,200 --> 00:12:57,920
Speaker 6: you know, so, don't think I'm just a partisan critic here,

262
00:12:58,040 --> 00:13:02,480
Speaker 6: I'm I'm bipartisan here. Of course, there were failures under

263
00:13:02,760 --> 00:13:06,520
Speaker 6: multiple administrations. President Trump clearly had no plan for the

264
00:13:06,559 --> 00:13:10,640
Speaker 6: withdrawal whatsoever, but nonetheless it happened on President Biden's watch,

265
00:13:11,200 --> 00:13:14,000
Speaker 6: and the Biden administration still has a lot of work

266
00:13:14,040 --> 00:13:16,840
Speaker 6: to do to help clean up the mess. We have

267
00:13:17,920 --> 00:13:23,200
Speaker 6: some estimates around two hundred thousand allies that we served alongside,

268
00:13:23,240 --> 00:13:27,840
Speaker 6: that we pledged our lives to protect, that we've just

269
00:13:27,960 --> 00:13:31,320
Speaker 6: left behind, and they're being hunted down by the Taliban,

270
00:13:31,400 --> 00:13:34,520
Speaker 6: as we talk in the radio today, every single day

271
00:13:34,520 --> 00:13:36,600
Speaker 6: and night. The Taliban are after these guys because they

272
00:13:36,679 --> 00:13:39,160
Speaker 6: worked with us, because they risked their lives, not just

273
00:13:39,160 --> 00:13:43,120
Speaker 6: for Afghanistan, but for the United States of America. They

274
00:13:43,200 --> 00:13:45,200
Speaker 6: did a lot more than most Americans will ever do

275
00:13:45,800 --> 00:13:49,800
Speaker 6: for our country, and we got to get them out,

276
00:13:50,080 --> 00:13:52,440
Speaker 6: and the process is moving too slowly. There are veterans

277
00:13:52,440 --> 00:13:54,560
Speaker 6: across the country, and I should say across the world,

278
00:13:54,559 --> 00:13:57,200
Speaker 6: because of course it was an international coalition over there.

279
00:13:58,040 --> 00:14:00,000
Speaker 6: I've got friends in the British military who're trying to

280
00:14:00,200 --> 00:14:05,000
Speaker 6: get their Afghan allies, for example, and so the veteran

281
00:14:05,000 --> 00:14:08,560
Speaker 6: community is very upset about this situation because we don't

282
00:14:08,600 --> 00:14:13,040
Speaker 6: leave people behind and yet here we have, though it's

283
00:14:13,040 --> 00:14:17,559
Speaker 6: still within the power of this administration to get these

284
00:14:17,600 --> 00:14:20,200
Speaker 6: people out. It's hard. There's a lot of euroaucracy. You've

285
00:14:20,200 --> 00:14:24,280
Speaker 6: got to contend with the domestic politics of Republicans, who are,

286
00:14:24,600 --> 00:14:28,960
Speaker 6: you know, refuse any immigration whatsoever. But this is a

287
00:14:28,960 --> 00:14:34,120
Speaker 6: place where among veterans there's a strong bipartisan consensus that

288
00:14:34,200 --> 00:14:36,040
Speaker 6: we've got to get these guys out, we've got to

289
00:14:36,040 --> 00:14:39,080
Speaker 6: protect them and their families, and we're not going to

290
00:14:39,120 --> 00:14:40,800
Speaker 6: rest until that job is done.

291
00:14:43,080 --> 00:14:46,760
Speaker 2: We talked around the anniversary of the Iraq War invasion

292
00:14:46,760 --> 00:14:50,040
Speaker 2: about the authorization for the use of military force. This

293
00:14:50,120 --> 00:14:52,800
Speaker 2: is still on your to do list, Congressman, When does

294
00:14:52,840 --> 00:14:53,240
Speaker 2: it happen?

295
00:14:55,800 --> 00:14:57,360
Speaker 6: There's a lot that's still on my to do list,

296
00:14:57,400 --> 00:15:00,480
Speaker 6: I'm sorry to say, but you know, the point is

297
00:15:00,520 --> 00:15:07,200
Speaker 6: that it's Congress's responsibility to have a real serious debate

298
00:15:08,240 --> 00:15:11,640
Speaker 6: about sending young Americans to fight and die in our wars,

299
00:15:12,800 --> 00:15:19,160
Speaker 6: and Congress is just completely pushed aside that responsibility by

300
00:15:19,320 --> 00:15:24,360
Speaker 6: just having administrations, again democratic and Republican administrations, just go

301
00:15:24,480 --> 00:15:27,720
Speaker 6: back to these authorizations or the use of military force

302
00:15:28,320 --> 00:15:31,800
Speaker 6: there were past twenty years ago, in a totally different world,

303
00:15:32,560 --> 00:15:36,240
Speaker 6: and that's because the colleagues of mine are afraid to

304
00:15:36,360 --> 00:15:39,200
Speaker 6: just have the debate before the American people about whether

305
00:15:39,240 --> 00:15:42,560
Speaker 6: we should have troops in these places overseas. Just like

306
00:15:42,720 --> 00:15:47,720
Speaker 6: so many Republicans right now to support Ukraine and classified briefings,

307
00:15:48,280 --> 00:15:52,000
Speaker 6: but then go out on box news and say that

308
00:15:52,080 --> 00:15:54,880
Speaker 6: they don't want to see more money going to Ukraine.

309
00:15:55,600 --> 00:15:58,520
Speaker 6: I mean, they're just lying because we know that what

310
00:15:58,600 --> 00:16:02,600
Speaker 6: they really believe or really understand. But the point is

311
00:16:02,600 --> 00:16:05,520
Speaker 6: we've got to have some political couradge heare to have

312
00:16:05,560 --> 00:16:09,640
Speaker 6: this real debate. We owe that to the American people,

313
00:16:09,920 --> 00:16:13,400
Speaker 6: whose sons and daughters we asked to fight, and most

314
00:16:13,440 --> 00:16:16,920
Speaker 6: of all, we owe it to the troops who were

315
00:16:17,000 --> 00:16:19,760
Speaker 6: telling to go put their lives.

316
00:16:19,480 --> 00:16:20,720
Speaker 2: On the line.

317
00:16:21,000 --> 00:16:26,040
Speaker 6: So this is a place again where veterans on both

318
00:16:26,080 --> 00:16:29,040
Speaker 6: sides of the aisle tend to agree, and you've got

319
00:16:29,040 --> 00:16:33,440
Speaker 6: a bipartisan consensus that we have to have these political debates.

320
00:16:34,240 --> 00:16:39,360
Speaker 6: But under Democratic leadership of the House, under Republican leadership

321
00:16:39,400 --> 00:16:42,160
Speaker 6: of the House, saving you say the same thing for

322
00:16:42,240 --> 00:16:45,720
Speaker 6: the Senate, it basically hasn't happened in twenty years.

323
00:16:47,400 --> 00:16:48,240
Speaker 4: Twenty years.

324
00:16:48,760 --> 00:16:52,800
Speaker 2: I'll end with this Congressman, and I appreciate your time today.

325
00:16:52,800 --> 00:16:55,640
Speaker 2: We've gone a little bit over here, but everyone's talking

326
00:16:55,680 --> 00:16:58,280
Speaker 2: about the debate, and I suspect that that Afghan withdrawal

327
00:16:59,400 --> 00:17:02,160
Speaker 2: will come up, along with funding for Ukraine and a

328
00:17:02,200 --> 00:17:03,560
Speaker 2: number of things that we've talked about.

329
00:17:03,600 --> 00:17:07,040
Speaker 4: Here are you watching? What are you watching for?

330
00:17:08,960 --> 00:17:10,800
Speaker 6: Look, I'm not going to watch this first debate. I'm

331
00:17:10,800 --> 00:17:13,440
Speaker 6: going to get the you know, I'll read the reports

332
00:17:14,600 --> 00:17:17,399
Speaker 6: from you and others the day after to see what

333
00:17:17,440 --> 00:17:20,600
Speaker 6: I should know. I think I'm going to take my

334
00:17:20,680 --> 00:17:22,560
Speaker 6: kids out to dinner because I'm home for a change,

335
00:17:22,560 --> 00:17:27,000
Speaker 6: which is not all that common in this job. But look,

336
00:17:28,520 --> 00:17:32,760
Speaker 6: this is basically a circus when it should be a

337
00:17:32,800 --> 00:17:36,160
Speaker 6: really serious debate, and there's going to be everybody's talking.

338
00:17:36,280 --> 00:17:40,840
Speaker 6: Everybody's just going to be talking about what this means

339
00:17:40,880 --> 00:17:44,160
Speaker 6: in terms of Trump, when they should be talking about

340
00:17:44,160 --> 00:17:46,760
Speaker 6: what they're going to do for the American people. And

341
00:17:46,840 --> 00:17:49,080
Speaker 6: I think that's a good question that anyone watching the

342
00:17:49,119 --> 00:17:54,040
Speaker 6: debate should take into this this circus. If that's what

343
00:17:54,160 --> 00:17:58,800
Speaker 6: it is, you'll hear a lot of complaints. But the

344
00:17:58,920 --> 00:18:02,479
Speaker 6: question everyone should ask is what's your plan? What are

345
00:18:02,520 --> 00:18:05,159
Speaker 6: you going to do to actually change things? Don't just

346
00:18:05,240 --> 00:18:09,000
Speaker 6: complain about whatever political hot button issue of the day is.

347
00:18:10,200 --> 00:18:14,200
Speaker 6: Ask how these candidates are actually going to lead. That's

348
00:18:14,240 --> 00:18:15,320
Speaker 6: the question that we should ask.

349
00:18:17,359 --> 00:18:19,359
Speaker 2: Hope you have a good dinner with the kids on

350
00:18:19,400 --> 00:18:22,879
Speaker 2: the North Shore. Congressman Seth Moulton, Democrat from Massachusetts. He

351
00:18:22,920 --> 00:18:27,440
Speaker 2: serves on the House Armed Services Committee, among others, including.

352
00:18:27,080 --> 00:18:28,879
Speaker 4: The China Select Committee. We thank you as always.

353
00:18:30,000 --> 00:18:33,520
Speaker 1: You're listening to the Bloomberg Sound On podcast. Catch us

354
00:18:33,560 --> 00:18:36,720
Speaker 1: live weekdays at one Eastern on Bloomberg dot com, the

355
00:18:36,800 --> 00:18:39,840
Speaker 1: iHeartRadio app and the Bloomberg Business app, or listen on

356
00:18:39,960 --> 00:18:41,920
Speaker 1: demand wherever you get your podcasts.

357
00:18:43,720 --> 00:18:46,200
Speaker 2: Kayleie, we knew that Rudy Giuliani was in Atlanta. He

358
00:18:46,240 --> 00:18:48,920
Speaker 2: flew from New York this morning saying I'm a big boy,

359
00:18:49,000 --> 00:18:51,600
Speaker 2: I can handle it. And apparently he does now have

360
00:18:52,600 --> 00:18:54,240
Speaker 2: a bond for his release.

361
00:18:54,520 --> 00:18:57,480
Speaker 7: Yeah, this is great reporting from our Eric Larson, who

362
00:18:57,600 --> 00:19:00,440
Speaker 7: works on our legal coverage here at Bloomberg. Apparently bond

363
00:19:00,440 --> 00:19:03,160
Speaker 7: is one hundred and fifty thousand dollars in this case

364
00:19:03,440 --> 00:19:05,240
Speaker 7: in Georgia. Of course, a lot of the bond deals

365
00:19:05,280 --> 00:19:07,480
Speaker 7: we've seen coming through, like Sidney Powell earlier, around one

366
00:19:07,560 --> 00:19:10,359
Speaker 7: hundred thousand dollars for former President Trump, who we expect

367
00:19:10,400 --> 00:19:12,719
Speaker 7: to appear in Fulton County tomorrow.

368
00:19:13,040 --> 00:19:15,400
Speaker 4: It's two hundred grand, two hundred thousand and four.

369
00:19:16,080 --> 00:19:19,240
Speaker 2: The former president here is Rudy Giuliani, of course, the

370
00:19:19,240 --> 00:19:21,160
Speaker 2: former mayor of New York, walking out of his apartment

371
00:19:21,160 --> 00:19:23,919
Speaker 2: this morning on his way to the jet, where he

372
00:19:24,000 --> 00:19:25,280
Speaker 2: was greeted by a group of I don't know.

373
00:19:25,280 --> 00:19:26,760
Speaker 8: If I flee today, but if I do, I plead

374
00:19:26,800 --> 00:19:30,000
Speaker 8: not guilty and I get photographed. Isn't that nice? A

375
00:19:31,160 --> 00:19:33,840
Speaker 8: mugshot for the man who probably put the worst criminals

376
00:19:33,840 --> 00:19:36,840
Speaker 8: of the twentieth century in jail. You find a prosecutor

377
00:19:36,880 --> 00:19:38,800
Speaker 8: who has a better record of mine in the last

378
00:19:38,880 --> 00:19:42,400
Speaker 8: hundred years. I bet you own or a mayor, they're

379
00:19:42,440 --> 00:19:46,720
Speaker 8: going to figurd to degrade themselves by doing a mug

380
00:19:46,760 --> 00:19:47,439
Speaker 8: shot of me.

381
00:19:48,680 --> 00:19:50,600
Speaker 4: A mug shot. Indeed, that's going to go for Donald

382
00:19:50,640 --> 00:19:51,280
Speaker 4: Trump as well.

383
00:19:51,359 --> 00:19:53,919
Speaker 7: It's interesting that he chooses to highlight his record as

384
00:19:53,920 --> 00:19:57,240
Speaker 7: a prosecutor, because, of course he used the Rico Act, yes,

385
00:19:57,520 --> 00:20:00,240
Speaker 7: and a lot of different individuals, including going after all

386
00:20:00,320 --> 00:20:03,400
Speaker 7: five leaders of the Five Families at once several decades ago.

387
00:20:03,480 --> 00:20:06,280
Speaker 7: And now here he is being charged with a violation

388
00:20:06,440 --> 00:20:07,800
Speaker 7: of the real Act in Georgia's.

389
00:20:07,560 --> 00:20:10,800
Speaker 2: Incredible stuff, and is Rick Davis reminded us last hour

390
00:20:11,119 --> 00:20:13,560
Speaker 2: the man who invented the purp Walk as we know it,

391
00:20:13,640 --> 00:20:17,400
Speaker 2: taking CEOs out of their offices in handcuffs, parading them

392
00:20:17,440 --> 00:20:21,200
Speaker 2: before the press. It's just just an incredible moment, if

393
00:20:21,240 --> 00:20:25,359
Speaker 2: not an ironic one. Sydney Powell, by the way, still

394
00:20:25,400 --> 00:20:29,600
Speaker 2: set to unleash the Kraken has bond set at one

395
00:20:29,680 --> 00:20:32,240
Speaker 2: hundred thousand dollars, so we've seen a few.

396
00:20:32,040 --> 00:20:33,880
Speaker 4: Shades of bail here.

397
00:20:33,960 --> 00:20:38,399
Speaker 2: I guess Wendy's with us, which I'm glad that Wendy

398
00:20:38,400 --> 00:20:42,399
Speaker 2: Benjaminson is here at this moment. Bloomberg Washington Senior Editor,

399
00:20:43,119 --> 00:20:45,639
Speaker 2: one hundred and fifty thousand dollars for Rudy Julian.

400
00:20:45,680 --> 00:20:47,640
Speaker 4: He's not worth two hundred, That's.

401
00:20:47,440 --> 00:20:48,080
Speaker 3: What I'm wondering.

402
00:20:48,119 --> 00:20:50,280
Speaker 9: I'm waiting for the true social post to come out

403
00:20:50,320 --> 00:20:52,360
Speaker 9: any minute now, to go way a minute. How come

404
00:20:52,400 --> 00:20:55,280
Speaker 9: I had to pay two hundred thousand dollars Donald Trump?

405
00:20:55,480 --> 00:20:57,600
Speaker 9: How come Rudy gets away with one hundred and fifty

406
00:20:57,640 --> 00:21:01,680
Speaker 9: and Sydney only one hundred. I don't know what they're thinking,

407
00:21:01,680 --> 00:21:04,080
Speaker 9: except maybe it's the number of criminal accounts against them.

408
00:21:04,119 --> 00:21:07,919
Speaker 9: I'm sure there's actually logic rights, but you know, I

409
00:21:07,920 --> 00:21:09,960
Speaker 9: don't think Donald Trump's going to be happy about that.

410
00:21:10,320 --> 00:21:13,080
Speaker 7: Well, and of course it's going to be his turn tomorrow, right,

411
00:21:13,200 --> 00:21:17,080
Speaker 7: he said himself on True Social God. Arrest is Thursday

412
00:21:17,119 --> 00:21:19,560
Speaker 7: for him in Fulton County, when we get the mug shot.

413
00:21:19,800 --> 00:21:21,320
Speaker 7: We have all been waiting for Wendy.

414
00:21:21,600 --> 00:21:24,560
Speaker 9: Maybe the mug shot there's he's you know, the Fulton

415
00:21:24,600 --> 00:21:28,119
Speaker 9: County sheriff at one point said absolutely anyone else. But

416
00:21:28,240 --> 00:21:32,160
Speaker 9: then there's some talk about whether Fannie Willis will actually

417
00:21:32,200 --> 00:21:34,680
Speaker 9: do that or not, because it's not like we don't

418
00:21:34,720 --> 00:21:37,800
Speaker 9: know what he looks like, so you know, they may

419
00:21:37,840 --> 00:21:40,600
Speaker 9: do it. But I think I think if anyone we're

420
00:21:40,640 --> 00:21:42,680
Speaker 9: going to do it, it would be the Fulton County

421
00:21:42,720 --> 00:21:45,640
Speaker 9: people because they're going they're treating this like any other

422
00:21:45,680 --> 00:21:46,280
Speaker 9: state case.

423
00:21:46,640 --> 00:21:49,879
Speaker 2: We heard from John Eastman when he showed up yesterday, this,

424
00:21:49,920 --> 00:21:52,040
Speaker 2: of course, the former attorney who helped to kind of

425
00:21:52,240 --> 00:21:55,840
Speaker 2: craft the scheme allegedly with the fake electors and the

426
00:21:55,880 --> 00:21:57,959
Speaker 2: effort to overturn results of the twenty election.

427
00:21:58,600 --> 00:21:59,600
Speaker 4: He says he's going to fight.

428
00:21:59,720 --> 00:22:02,840
Speaker 2: He's these apparently not going to cooperate and that isn't

429
00:22:02,880 --> 00:22:06,119
Speaker 2: a real surprise. But listen to his commentary on this moment.

430
00:22:06,200 --> 00:22:09,000
Speaker 10: It represents a crossing of the rubicon for our country,

431
00:22:09,640 --> 00:22:12,760
Speaker 10: implicating the fundamental First Amendment right to petition the government

432
00:22:12,760 --> 00:22:18,000
Speaker 10: for redress of grievances as troubling. It targets attorneys for

433
00:22:18,080 --> 00:22:22,240
Speaker 10: their zealous advocacy on behalf of their clients, something attorneys

434
00:22:22,280 --> 00:22:26,119
Speaker 10: are ethically bound to provide, and which was attempted here

435
00:22:26,400 --> 00:22:30,200
Speaker 10: by formally challenging the results of the election through lawful

436
00:22:30,400 --> 00:22:31,640
Speaker 10: and appropriate means.

437
00:22:32,680 --> 00:22:34,600
Speaker 2: You can weigh in on that defense if you want.

438
00:22:34,640 --> 00:22:36,959
Speaker 2: I know you're not a legal analyst. But is this

439
00:22:37,040 --> 00:22:38,879
Speaker 2: the crossing of the rubicon? Or do we crossed the

440
00:22:38,960 --> 00:22:40,439
Speaker 2: rubicon on January sixth?

441
00:22:40,520 --> 00:22:44,080
Speaker 9: Well, that is the heart of the question, Joe, I mean, yes,

442
00:22:44,200 --> 00:22:47,840
Speaker 9: the country has crossed the rubicon. Now we have a

443
00:22:47,920 --> 00:22:51,120
Speaker 9: former president of the United States under four criminal indictments,

444
00:22:51,160 --> 00:22:55,879
Speaker 9: we have top attorneys under criminal indictment. But yes, is

445
00:22:55,960 --> 00:22:59,080
Speaker 9: John Eastman putting the cart before the horse? Was the

446
00:22:59,080 --> 00:23:05,560
Speaker 9: moment the tempted coup on January sixth? And the question

447
00:23:05,640 --> 00:23:08,600
Speaker 9: that we're still wrestling with and the prosecutor seems to

448
00:23:08,600 --> 00:23:11,960
Speaker 9: believe is whether the acts these people took were actually

449
00:23:12,000 --> 00:23:15,560
Speaker 9: crimes or not. It feels like it. It walks like

450
00:23:15,560 --> 00:23:17,199
Speaker 9: a duck, it quacts like a duck. But I'm not

451
00:23:17,240 --> 00:23:20,000
Speaker 9: a lawyer. I don't know, and that will be actually

452
00:23:20,040 --> 00:23:23,880
Speaker 9: for twelve jurors in each case to decide. But you know,

453
00:23:24,200 --> 00:23:28,240
Speaker 9: he's not wrong that we're in another reality here.

454
00:23:28,680 --> 00:23:30,960
Speaker 7: Yeah, and you mentioned the fact that this is indictment

455
00:23:31,000 --> 00:23:34,400
Speaker 7: number four we're talking about. It's by far the largest.

456
00:23:34,440 --> 00:23:36,479
Speaker 7: They've asked for a trial date early next year. But

457
00:23:36,480 --> 00:23:38,760
Speaker 7: when you have nineteen individuals to prosecute, it seems like

458
00:23:38,800 --> 00:23:41,560
Speaker 7: the general consensus is that this is not going to

459
00:23:41,560 --> 00:23:44,320
Speaker 7: happen anytime soon. It is within the next week though,

460
00:23:44,520 --> 00:23:46,840
Speaker 7: on the twenty eighth, so just five days from now

461
00:23:46,840 --> 00:23:49,000
Speaker 7: that in Washington, there will be hearing to set the

462
00:23:49,080 --> 00:23:51,240
Speaker 7: date in this In the January sixth case that was

463
00:23:51,240 --> 00:23:54,679
Speaker 7: brought federally by Jack Smith, they want that one to

464
00:23:54,720 --> 00:23:58,760
Speaker 7: start on January second. So we're going to get some

465
00:23:58,880 --> 00:24:01,720
Speaker 7: further indication here on how quickly these things are going

466
00:24:01,800 --> 00:24:05,800
Speaker 7: to move forward. At the same time, we're talking about

467
00:24:06,359 --> 00:24:09,199
Speaker 7: a debate, the first Republican primary debate today, and it

468
00:24:09,320 --> 00:24:11,560
Speaker 7: just goes to show you how many different distractions there

469
00:24:11,560 --> 00:24:13,560
Speaker 7: are going to be in this campaign cycle when you

470
00:24:13,600 --> 00:24:15,120
Speaker 7: have all of these legal issues.

471
00:24:14,920 --> 00:24:16,960
Speaker 9: Right, I mean, the front runner is not going to

472
00:24:16,960 --> 00:24:19,240
Speaker 9: show up at the debate, but he's going to surrender

473
00:24:19,720 --> 00:24:24,480
Speaker 9: to the Georgia State or Fulton County authorities tomorrow. It's completely,

474
00:24:24,840 --> 00:24:28,760
Speaker 9: completely bizarre. But the debate tonight will be really really

475
00:24:28,800 --> 00:24:33,280
Speaker 9: interesting to see who the possible alternative to Trump will be.

476
00:24:33,720 --> 00:24:37,399
Speaker 9: Every Republican voters ever decides he's not their guy anymore.

477
00:24:37,440 --> 00:24:39,120
Speaker 2: There are different ways to look at this. That's one

478
00:24:39,160 --> 00:24:41,200
Speaker 2: of them. Is this actually the best thing that happened

479
00:24:41,680 --> 00:24:44,200
Speaker 2: to all the other candidates, Because some would say, hey,

480
00:24:44,200 --> 00:24:45,520
Speaker 2: look there's going to be no ratings.

481
00:24:45,520 --> 00:24:46,879
Speaker 3: It's a tree that falls in the woods.

482
00:24:46,880 --> 00:24:48,960
Speaker 2: They're all going to just kind of yell at each

483
00:24:49,000 --> 00:24:51,000
Speaker 2: other waiting for the real candidate to show up. But

484
00:24:51,040 --> 00:24:53,240
Speaker 2: maybe this is a huge benefit for somebody who could

485
00:24:53,280 --> 00:24:55,120
Speaker 2: not otherwise break out absolutely.

486
00:24:55,160 --> 00:24:58,320
Speaker 9: I mean, tens of millions of people have watched primary debates,

487
00:24:58,720 --> 00:25:01,880
Speaker 9: and even though those who aren't getting attention or saying, well,

488
00:25:01,920 --> 00:25:04,880
Speaker 9: no one pays attention to laughter Labor Day, but tens

489
00:25:04,920 --> 00:25:08,000
Speaker 9: of billions of people watched the Democratic first primary debates

490
00:25:08,000 --> 00:25:11,480
Speaker 9: in August of twenty nineteen and in August of twenty fifteen,

491
00:25:11,840 --> 00:25:15,159
Speaker 9: there was that first Republican debate where Trump was the

492
00:25:15,200 --> 00:25:17,760
Speaker 9: breakout guy. He was in the single digits of polling

493
00:25:18,160 --> 00:25:21,320
Speaker 9: and then you know, he he had his viral moment

494
00:25:21,560 --> 00:25:25,040
Speaker 9: insulting Megan Kelly, the Fox former Fox broadcaster, and then

495
00:25:25,080 --> 00:25:29,040
Speaker 9: he you know, had Rosie O'Donnell and with the list

496
00:25:29,080 --> 00:25:31,680
Speaker 9: goes on if people he insulted in that but these

497
00:25:32,160 --> 00:25:35,399
Speaker 9: but that's where he had his breakout moment. These guys

498
00:25:35,400 --> 00:25:38,920
Speaker 9: are not Trump in terms of marketing themselves. But these guys,

499
00:25:39,000 --> 00:25:42,480
Speaker 9: I'm sorry, these people, including Nikki Helly and we'll we'll

500
00:25:42,480 --> 00:25:45,440
Speaker 9: see tonight, but tonight is their first and biggest chance, yes,

501
00:25:45,520 --> 00:25:49,439
Speaker 9: to break out of the Trump and the eight other people.

502
00:25:49,640 --> 00:25:51,640
Speaker 7: Yeah, but they're going to be forced to talk about him.

503
00:25:51,680 --> 00:25:54,320
Speaker 7: Our understanding is that the Fox moderators are planning to

504
00:25:54,400 --> 00:25:57,639
Speaker 7: use soundbites of the former president in their questioning to

505
00:25:57,720 --> 00:25:58,240
Speaker 7: work him in.

506
00:25:58,640 --> 00:26:03,960
Speaker 9: Well, they can do it from the X interview interview

507
00:26:04,040 --> 00:26:06,479
Speaker 9: that yes, it's going to be going on exactly at

508
00:26:06,480 --> 00:26:08,120
Speaker 9: the same moment talking.

509
00:26:07,960 --> 00:26:10,720
Speaker 2: Which is a more important conversation. Kayley, I mean, you

510
00:26:10,720 --> 00:26:12,080
Speaker 2: can't really have one without the other.

511
00:26:12,160 --> 00:26:14,080
Speaker 7: Right, Well, this is the question. I mean, we were

512
00:26:14,080 --> 00:26:16,480
Speaker 7: talking just in our last segment with Libby Cantrell of

513
00:26:16,480 --> 00:26:19,200
Speaker 7: PIMPO about the policy substance we could get, and my

514
00:26:19,359 --> 00:26:21,879
Speaker 7: question was how much policy substance matters from all of

515
00:26:21,880 --> 00:26:24,320
Speaker 7: these other candidates who are not the front runner, when

516
00:26:24,359 --> 00:26:26,760
Speaker 7: ultimately the policy that the market may have to contend

517
00:26:26,760 --> 00:26:28,320
Speaker 7: with is the one who actually has been non an

518
00:26:28,320 --> 00:26:30,720
Speaker 7: me ultimately and at the moment at least it looks

519
00:26:30,760 --> 00:26:33,840
Speaker 7: like Trump. So as we're looking for policy clarity, maybe

520
00:26:33,880 --> 00:26:36,520
Speaker 7: it's not yet time for financial market participants.

521
00:26:36,520 --> 00:26:39,280
Speaker 9: Spain, I think the one way these guys can break

522
00:26:39,320 --> 00:26:42,200
Speaker 9: out because it's all Trump and the other people. So

523
00:26:42,359 --> 00:26:44,639
Speaker 9: now maybe one of them could break out with some

524
00:26:44,680 --> 00:26:49,800
Speaker 9: really interesting policy. Whether Ramaswami breaks out with his let's

525
00:26:49,800 --> 00:26:51,680
Speaker 9: find out how many federal agents were on the nine

526
00:26:51,680 --> 00:26:55,280
Speaker 9: to eleven planes He said that today with some of

527
00:26:55,320 --> 00:27:00,360
Speaker 9: his other odd out of out of step and say

528
00:27:00,359 --> 00:27:04,840
Speaker 9: with the mainstream Republican orthodoxy on Ukraine funding, you know,

529
00:27:05,119 --> 00:27:07,680
Speaker 9: we'll we'll get to see a little more about who

530
00:27:07,720 --> 00:27:13,200
Speaker 9: these people are. If Brett and Martha, the the moderators

531
00:27:13,240 --> 00:27:16,040
Speaker 9: of the debate actually get to ask them those questions.

532
00:27:16,040 --> 00:27:17,480
Speaker 2: I wonder if the real show ends up being in

533
00:27:17,520 --> 00:27:20,760
Speaker 2: the spin room. Yeah, because they've banned the RNC has

534
00:27:20,800 --> 00:27:25,359
Speaker 2: banned Trump surrogates. But Marjorie Taylor Green and Matt gats

535
00:27:25,480 --> 00:27:27,640
Speaker 2: Gold anywhere? Is that going to be the real fight

536
00:27:27,680 --> 00:27:28,440
Speaker 2: we're talking about?

537
00:27:28,600 --> 00:27:28,840
Speaker 6: Yes?

538
00:27:29,119 --> 00:27:32,480
Speaker 9: Yeah, absolutely. And I can't imagine a locked door that

539
00:27:32,560 --> 00:27:36,440
Speaker 9: Marjorie Taylor Green doesn't try to go through, so we'll

540
00:27:36,520 --> 00:27:37,600
Speaker 9: have to see how that works.

541
00:27:38,119 --> 00:27:40,640
Speaker 7: There's a loophole, right, they can be invited by someone.

542
00:27:41,000 --> 00:27:42,800
Speaker 2: That's true if they're a guest on a news network,

543
00:27:42,840 --> 00:27:44,880
Speaker 2: that's there. But would you like to be that news

544
00:27:44,920 --> 00:27:48,120
Speaker 2: network the one inviting Donald trumps surrogates into the tent.

545
00:27:48,160 --> 00:27:50,040
Speaker 4: And who's going to organizers might not love that.

546
00:27:50,160 --> 00:27:51,760
Speaker 9: I don't know a Fox would do that. It's that

547
00:27:51,920 --> 00:27:54,080
Speaker 9: would be upstaging their own show, that's right.

548
00:27:54,240 --> 00:27:56,159
Speaker 3: Yeah, and they're not inviting.

549
00:27:57,080 --> 00:27:57,439
Speaker 4: I don't know.

550
00:27:57,480 --> 00:27:58,399
Speaker 3: This is going to be interesting?

551
00:27:58,720 --> 00:28:00,520
Speaker 7: Can I just asked quickly, how would you stickle? Are

552
00:28:00,520 --> 00:28:02,080
Speaker 7: you going to do this tonight, Wendy? You watch the

553
00:28:02,119 --> 00:28:04,560
Speaker 7: debate live and then watch the X thing after. I'm

554
00:28:04,560 --> 00:28:06,120
Speaker 7: trying to figure out how to divvy up my time.

555
00:28:06,400 --> 00:28:09,320
Speaker 9: Yeah, how I appreciate it. I'm gonna have a lot

556
00:28:09,359 --> 00:28:11,560
Speaker 9: of screens open at once. But we do have people

557
00:28:11,600 --> 00:28:14,600
Speaker 9: assigned to the Trump Show, we have people assigned them

558
00:28:14,600 --> 00:28:16,480
Speaker 9: the debate, and we're going to try to put it

559
00:28:16,520 --> 00:28:17,760
Speaker 9: all together in one big.

560
00:28:17,840 --> 00:28:20,360
Speaker 2: That's going to be advantage Elon, advantage Trump. I'm thinking,

561
00:28:20,400 --> 00:28:22,280
Speaker 2: because you can go back and watch that anytime you want. Right,

562
00:28:22,359 --> 00:28:24,680
Speaker 2: people get you know, you check out an hour a Milwaukee,

563
00:28:24,760 --> 00:28:25,240
Speaker 2: then they.

564
00:28:25,080 --> 00:28:27,840
Speaker 4: Go on X or whatever the heck we call it.

565
00:28:27,960 --> 00:28:29,919
Speaker 2: Is Elon going to do something special, Like when you

566
00:28:29,960 --> 00:28:32,840
Speaker 2: log on tonight, there's a big is there fireworks or something?

567
00:28:32,880 --> 00:28:35,080
Speaker 4: I don't don't. You have a lot to learn.

568
00:28:35,160 --> 00:28:36,119
Speaker 7: We'll find out more.

569
00:28:36,040 --> 00:28:38,920
Speaker 2: Questions than answers, even with Wendy Benjamins and great to

570
00:28:38,960 --> 00:28:41,600
Speaker 2: have you.

571
00:28:44,160 --> 00:28:46,000
Speaker 4: Thanks for listening to the sound On podcast.

572
00:28:46,120 --> 00:28:49,240
Speaker 2: Make sure to subscribe if you haven't already, at Apple, Spotify,

573
00:28:49,280 --> 00:28:51,000
Speaker 2: and anywhere else you get your podcasts.

574
00:28:51,320 --> 00:28:54,000
Speaker 4: And you can find us live every weekday from Washington,

575
00:28:54,080 --> 00:28:54,280
Speaker 4: d C.

576
00:28:54,440 --> 00:28:58,000
Speaker 2: At one pm Eastern Time at Bloomberg dot com