WEBVTT - Todd: there is a split inside the GOP

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<v Speaker 1>Global business news twenty four hours a day at Bloomberg

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<v Speaker 1>This is a Bloomberg Business Flash, and I'm Karen Moscow.

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<v Speaker 1>US Dock Index futures are signaling equities will halt their

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<v Speaker 1>best winning strike in five months after worsening economic data

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<v Speaker 1>from as are reignited concern over the outlook for global growth.

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<v Speaker 1>We check the markets every fifteen minutes throughout the trading day.

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<v Speaker 1>On Bloomberg SNP EVENI futures down eight and a half points,

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<v Speaker 1>Dow E Many futures down fifty eight and NAS DOC

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<v Speaker 1>you many futures down twenty two. DAX in Germany's down

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<v Speaker 1>four tenths per cent, ten Your treasury up eighteen thirty seconds.

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<v Speaker 1>The yield one point eight four percent yield on the

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<v Speaker 1>two year point eight six percent. Nim X Screwed oil

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<v Speaker 1>up a quarter percent, or twelve cents to thirty eight

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<v Speaker 1>oh to a barrel. Comax gold is up nine tenths

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<v Speaker 1>per cent, or eleven dollars ninety cents to twelve seventy

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<v Speaker 1>five seventy ounce. The euro A dollar ten twenty six,

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<v Speaker 1>The ends one thirteen even. Some stocks moving in early trading.

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<v Speaker 1>Dicks Sporting Goods down more than seven percent for requarter profit,

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<v Speaker 1>missing analysts estimates, and it said first quarter profit may

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<v Speaker 1>also disappoint. Urban Outfitters is up ten percent this morning,

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<v Speaker 1>while fourth quarter profit beat and unless estimates, and Iron

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<v Speaker 1>Ores rally stalling today after a record advance a day earlier,

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<v Speaker 1>as banks from Goldman Sachs Group to City Group, together

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<v Speaker 1>with some of the largest minors, said that the surge

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<v Speaker 1>wasn't likely to endure. And that's a Bloomberg business flash.

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<v Speaker 1>Tom and mikeer Karen, thanks so much Bloomberg surveillance brought

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<v Speaker 1>k are dot com slash save more for more information. Michael,

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<v Speaker 1>we have identified that whale you heard yesterday afternoon from

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<v Speaker 1>the direction of Wisconsin Avenue in Washington, d C. It

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<v Speaker 1>was NBC's Chuck Todd, the host of Meet the Press,

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<v Speaker 1>when he got the news that Michael Bloomberg, the founder

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<v Speaker 1>a majority owner of this radio station in Blueberg, LP,

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<v Speaker 1>was not going to run for president. Uh, you were

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<v Speaker 1>not endorsing him, but you would have as a political reporter,

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<v Speaker 1>he would have loved to have an into a well financed,

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<v Speaker 1>credible independent in the race. Always shake it up number one,

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<v Speaker 1>forced post parties to be more accountable number two, And

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<v Speaker 1>it would have engaged more voters number three. I mean,

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<v Speaker 1>I look, I'm for it because it would have, you know,

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<v Speaker 1>guaranteed more states and play guaranteed that the candidates would

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<v Speaker 1>have to talk to more voters and talk to So

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<v Speaker 1>there's there's a lot of good that would have come

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<v Speaker 1>out of a third party bid. Um. But you know,

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<v Speaker 1>everybody I've talked too, very close to Mayor Bloomberg essentially

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<v Speaker 1>said he wanted a pass to victory and he couldn't

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<v Speaker 1>find one. Uh And the only past he kept finding

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<v Speaker 1>was a pas for Donald Trump to win if he

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<v Speaker 1>got in in a Clinton Trump scenario. Do you agree

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<v Speaker 1>with that analysis? I do. I think that he would

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<v Speaker 1>have taken votes away from her in places like Pennsylvania, uh, Ohio,

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<v Speaker 1>New York, but particularly in the rust belt in the

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<v Speaker 1>Northeast corridor, and that would have opened the door for

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<v Speaker 1>Trump to carry those states. Uh And and I think

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<v Speaker 1>would have messed up her math had a better shot

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<v Speaker 1>if Sanders had been been making more noise in the

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<v Speaker 1>Democratic side, Um, you could see that possibility. But with

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<v Speaker 1>Hillary Clinton, I think they share too many positions, particularly

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<v Speaker 1>undone foreign affairs things like that, that that they'd split both.

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<v Speaker 1>They'd more likely split both more so than uh Bloomberg

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<v Speaker 1>and Trump. Chuck. The most intelligent tweet I've seen in

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<v Speaker 1>the political season was from one S. Guthrie at NBC

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<v Speaker 1>suggesting that we should all have a drinking game when

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<v Speaker 1>Chuck Todd refers to the Whig Party, which which is

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<v Speaker 1>which is great but also exceptionally important. The Whig Party

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<v Speaker 1>is attacking Mr Trump, and it worphs every day. Where

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<v Speaker 1>are we on this Tuesday? Is the Whig Party tries

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<v Speaker 1>to move forward? Well, you know, it's interesting and obviously

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<v Speaker 1>in case people are wondering what we're why we keep

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<v Speaker 1>talking about the Whigs. Esentially, the the Conservative Party before

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<v Speaker 1>there was the Republican Party was the Lakes and they

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<v Speaker 1>were having their own uh they you know, they splintered

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<v Speaker 1>and the Republican Party was formed. Abe Lincoln wins and

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<v Speaker 1>and the rest is history. And essentially, you know there's

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<v Speaker 1>a split inside this party. The rank and file on

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<v Speaker 1>one definition of what conservatism is and the elite, the

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<v Speaker 1>ones that run the party, have another definition. That's really

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<v Speaker 1>what's going on here, right, And it's about you know

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<v Speaker 1>that this is this rank and file, working class wing

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<v Speaker 1>of the Republican Party for thirty years, but they got

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<v Speaker 1>lurned in by social issues and now they're saying, hey,

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<v Speaker 1>wait a minute, none of your economic policies have benefited us,

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<v Speaker 1>and we're tired of it. And and that's where this is.

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<v Speaker 1>That's that's Trump's tracks. It speaks to a lot of Michigan.

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<v Speaker 1>What will you look for tonight? I mean, if we

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<v Speaker 1>assume Trump, Michigan is the symbol of Donald Trump, right,

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<v Speaker 1>this should be his This should be the heart and

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<v Speaker 1>soul of where he does well. I think what I'm

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<v Speaker 1>looking for our margins tonight, both Mit, Michigan and Mississippi

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<v Speaker 1>should be big Trump's date. How big are they going

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<v Speaker 1>to be? The big? Double digit wins? Are we calling it? Right?

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<v Speaker 1>When the bull's closed? That tells you that that Trump is.

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<v Speaker 1>You know that that Saturday was a blip. Maybe the

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<v Speaker 1>Romney stuff didn't have an impact. But if Trump struggled tonight,

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<v Speaker 1>you know you're gonter be wins both state, but it's

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<v Speaker 1>very narrow. Single day did less than five points. Um.

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<v Speaker 1>Then I think we started putting connecting the dots and saying,

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<v Speaker 1>you know what, starting last Thursday with met Romney, then

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<v Speaker 1>that vulgar debate, then the results on Saturday. Maybe something's

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<v Speaker 1>happening here and and Trump start to lose a little.

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<v Speaker 1>We're still a little elevation. We're starting to see UH

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<v Speaker 1>polls suggests that's happening. We have seen big jumps, been

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<v Speaker 1>through this before, though, haven't we in the voters vote, Well,

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<v Speaker 1>you know we have not been through this. Uh scene

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<v Speaker 1>on Kasy pick up support. Well, that's right, so we'll see.

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<v Speaker 1>I mean, look, there's a lot of I am like

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<v Speaker 1>I like I said on paper, Michigan and Mississippi seem

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<v Speaker 1>to be perfect Trump states, and that's why tonight margins

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<v Speaker 1>matter to be more than anything else. Well, we then

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<v Speaker 1>go on to the next version of Super Tuesday, which

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<v Speaker 1>really is in a way because you get into the

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<v Speaker 1>winner take all states, and you've got Casey still running

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<v Speaker 1>strong in Ohio, got to overcome Trump. But the big

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<v Speaker 1>question is Florida. Marco Radio has lost some support, but

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<v Speaker 1>the anti Trump forces are pouring a ton of money

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<v Speaker 1>into that state. What's it look like that? Well, look,

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<v Speaker 1>I think, look, I think Rubio is slowly making gains, um,

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<v Speaker 1>but I don't think you know, he's still behind, and

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<v Speaker 1>there's a ton of money being, a ton of anti

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<v Speaker 1>Trump money being poured into the state. We'll see. I

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<v Speaker 1>think tonight it's gonna be another tough night for Perrubio.

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<v Speaker 1>There's a chance he sent it's just fourth in both

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<v Speaker 1>Michigan and these are states Kate too could put some

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<v Speaker 1>effort into. And wherever Kate Took has put effort, he

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<v Speaker 1>finished ahead of Rubia and just about every every date

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<v Speaker 1>where he's you know, he picks and shooting their mid

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<v Speaker 1>day that he that he competes in. That's not a

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<v Speaker 1>good place for Marco Rubia to night. Um. And I'm

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<v Speaker 1>hosting a town all of them tomorrow. I'll be curious

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<v Speaker 1>to a kind of movie in two fourth place finishes

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<v Speaker 1>the six days to go and forth. Chuck, I want

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<v Speaker 1>to ask you a question about the industry. I have

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<v Speaker 1>had a huge response from our listeners and our viewers

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<v Speaker 1>about the state of Chuck Todd's world. You're working with NBC,

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<v Speaker 1>You're working with MSNBC across cable news. How do we

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<v Speaker 1>get the discourse back in cable news political coverage or

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<v Speaker 1>is it forever gone? Are we are we just drowning

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<v Speaker 1>in expertology. I don't know what to I don't know.

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<v Speaker 1>It's an interesting question. I've been listening to some podcasts

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<v Speaker 1>on media criticism lately, and and I hear it, right,

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<v Speaker 1>I get what some folks are. I'm not saying you're

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<v Speaker 1>not doing it, but I don't. Look, I do think

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<v Speaker 1>that it's I'd like to think that we're trying to

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<v Speaker 1>do it a little bit better than our two competitors.

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<v Speaker 1>I think our two competitors are are are pushing the

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<v Speaker 1>envelope on going downward. Uh. I'd like to think they're

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<v Speaker 1>doing a little bit faster than we are. What we're

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<v Speaker 1>trying not to. I mean, some of us are trying

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<v Speaker 1>really hard not to go down that road. So I

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<v Speaker 1>get it, I understand it. I guess my feeling is,

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<v Speaker 1>is that beauty of digital, that's the beauty of all

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<v Speaker 1>these other places where there's there is an opportunity to

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<v Speaker 1>get respectful discourse in a lot of places. Yeah, but

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<v Speaker 1>it does start with the candidates, you know. I think

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<v Speaker 1>let's remember this, this is not there. You can blame

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<v Speaker 1>the media for coverage, but the candidate, you know, we

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<v Speaker 1>can have a higher we can have a higher proud

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<v Speaker 1>of date if if the front runner chose to happen chuckle,

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<v Speaker 1>Thank you so much, greatly appreciated. This morning, He's moderators

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<v Speaker 1>Meet the Press, NBC working with MSNBC as well. Look

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<v Speaker 1>for that. I'm Bloomberg Radio. You can see listen to

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<v Speaker 1>that rather Sunday afternoon, Chuck Todd with NBC Mike Um

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<v Speaker 1>I super Tuesday. You and I took in a hockey

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<v Speaker 1>game and I went back to the La Mans and

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<v Speaker 1>the Motel six, and I was just dazzled by what

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<v Speaker 1>I heard on cable news. It was. It was painful,

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<v Speaker 1>it was I mean, you lived it with your wonderful

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<v Speaker 1>comments yesterday about the Reagans. I mean, you've seen the

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<v Speaker 1>generational change. The problem. The problem is is that the

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<v Speaker 1>worst and the stupidest draw the biggest ratings. And it

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<v Speaker 1>is not about it. And that's the pressure to Chuck

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<v Speaker 1>Todd and is not about it. And it has for many,

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<v Speaker 1>many many years not been about covering the issues. Issues

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<v Speaker 1>get some stories, but let's face it, everybody likes to

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<v Speaker 1>say to cover that he said. She said, aspect of

0:09:51.679 --> 0:09:54.880
<v Speaker 1>it except here on Bloomberg Surveillance, and we've proudly tried

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<v Speaker 1>not to do that. We try to stick with the

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<v Speaker 1>issues and covering politics. Are good to talk to. Chuck Toute,

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<v Speaker 1>Chris Michigan covers look for with all due respect, Mark Helprin,

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<v Speaker 1>and John Heilman, Uh Tonight. I loved how the other

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<v Speaker 1>day Anderson Cooper. I don't know if I mentioned this

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<v Speaker 1>on radio yesterday, Mike Anderson Cooper was talking about Mrs

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<v Speaker 1>Reagan and the last time he saw her and met

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<v Speaker 1>with her. She was reading Mark Helprin's book, Heilman's book

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<v Speaker 1>Game Change. Well that was that was the last election.

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<v Speaker 1>Talking about it seems ancient history. I mean, maybe the

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<v Speaker 1>game changed a little four years ago, but boy did

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<v Speaker 1>it change. I had to wonder what the title of

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<v Speaker 1>the next helper In Heilman tone will be put down.

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<v Speaker 1>They'll probably still oh there it is covers Tonight of

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<v Speaker 1>Michigan onto Florida. Of course, next Tuesday, we look at

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<v Speaker 1>the markets through the lens of economics, finance, and investment.

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<v Speaker 1>What's going on this morning? Well, actually green on the

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<v Speaker 1>screen on oil Brent crude forty one forty barrel of

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<v Speaker 1>fifty six cents right now, West Texas Intermediate thirty nine.

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<v Speaker 1>That gets your attention. That's we have to watch oil

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<v Speaker 1>lifting with commodities. Another hour of Bloomberg's surveillance,