1 00:00:00,040 --> 00:00:03,840 Speaker 1: For at stake. Here Bloomberg Sound On Politics, policy and 2 00:00:03,920 --> 00:00:07,840 Speaker 1: perspective from DC's top names. As you can see, we 3 00:00:07,920 --> 00:00:11,040 Speaker 1: hit a little bump on the campaign trail. Rosary prices 4 00:00:11,440 --> 00:00:15,040 Speaker 1: are skyrockets and you can't even find baby formula to 5 00:00:15,040 --> 00:00:19,000 Speaker 1: feed your infants. Sloomberg Sound On with Joe Matthew on 6 00:00:19,200 --> 00:00:24,880 Speaker 1: Bloomberg Radio. Money for Ukraine is stuck in the Senate. 7 00:00:26,640 --> 00:00:31,040 Speaker 1: The top Democrat running for Senate in Pennsylvania is recovering 8 00:00:31,080 --> 00:00:34,040 Speaker 1: from a stroke on the eve of the primary. Welcome 9 00:00:34,080 --> 00:00:36,159 Speaker 1: to the fastest hour in politics. We have a lot 10 00:00:36,200 --> 00:00:38,600 Speaker 1: to cover, but we'll start this important week with the 11 00:00:38,600 --> 00:00:42,320 Speaker 1: wisdom of Terry Haynes, founder of Pangia Policy. Coming up 12 00:00:42,320 --> 00:00:44,879 Speaker 1: ahead later will zero in on a big day for 13 00:00:45,000 --> 00:00:48,519 Speaker 1: primary coverage tomorrow. Not just Pennsylvania, but about a half 14 00:00:48,600 --> 00:00:50,680 Speaker 1: dozen states are voting, and we'll talk about it with 15 00:00:50,760 --> 00:00:54,760 Speaker 1: Bloomberg Elections reporter Greg Jirou. Our panel is intact today. 16 00:00:54,760 --> 00:00:57,920 Speaker 1: Our signature panel back together with analysis from Bloomberg Politics 17 00:00:57,960 --> 00:01:01,600 Speaker 1: contributors Genie Schanzano and Rick Davis with us for the hour. 18 00:01:01,720 --> 00:01:03,600 Speaker 1: Quite a weekend for the world of politics as we 19 00:01:03,640 --> 00:01:06,160 Speaker 1: try to put things together for you today on sound 20 00:01:06,200 --> 00:01:08,120 Speaker 1: on welcome. I do hope you had a good weekend. 21 00:01:08,319 --> 00:01:10,680 Speaker 1: We've got the panel waiting for us here, Rick and Genie, 22 00:01:10,640 --> 00:01:12,920 Speaker 1: and we're gonna talk at a moment with Terry Haynes. 23 00:01:13,000 --> 00:01:18,039 Speaker 1: Starting with this situation with Ukraine funding. I feel like 24 00:01:18,080 --> 00:01:20,360 Speaker 1: I should have the scenes from last week if you 25 00:01:20,400 --> 00:01:23,279 Speaker 1: were with us on this episode when things got bogged 26 00:01:23,319 --> 00:01:26,479 Speaker 1: down last Thursday. We heard today from Senator Dick Durbin, 27 00:01:26,600 --> 00:01:30,480 Speaker 1: Democrat from Illinois, the Democratic whip. He told Bloomberg that 28 00:01:30,600 --> 00:01:33,280 Speaker 1: this money needs to get past now here. He is 29 00:01:33,959 --> 00:01:36,959 Speaker 1: well listen that it was our intention last week. I 30 00:01:36,959 --> 00:01:39,840 Speaker 1: don't know if the Senator, it's Grand Paul of the 31 00:01:39,880 --> 00:01:41,959 Speaker 1: state of Kentucky, is going to find new ways to 32 00:01:42,000 --> 00:01:44,120 Speaker 1: slow us down. But lives are at stake here. We 33 00:01:44,160 --> 00:01:47,800 Speaker 1: shouldn't waste a minute. Scenes from last week. The Senator 34 00:01:47,840 --> 00:01:50,640 Speaker 1: from Kentucky ran, Paul, we thought this was going through 35 00:01:50,680 --> 00:01:53,360 Speaker 1: forty billion dollars. It seemed to be not only bipartisan, 36 00:01:53,400 --> 00:01:58,360 Speaker 1: but wildly popular and enjoying momentum until the senator spoke. 37 00:01:58,360 --> 00:02:00,960 Speaker 1: Here's Rand Paul from last week. If this gift of 38 00:02:01,120 --> 00:02:04,600 Speaker 1: Ukraine passes, our total aid to Ukraine will almost equal 39 00:02:04,640 --> 00:02:08,280 Speaker 1: the entire military budget of Russia. And it's not as 40 00:02:08,320 --> 00:02:10,160 Speaker 1: if we have that money lying around. We will have 41 00:02:10,200 --> 00:02:13,240 Speaker 1: to borrow that money from China to send it to Ukraine. 42 00:02:13,840 --> 00:02:17,720 Speaker 1: So is it possible this goes on for days or 43 00:02:17,760 --> 00:02:22,000 Speaker 1: weeks or months? Unclear right now? Is we try to 44 00:02:22,040 --> 00:02:25,679 Speaker 1: gauge the sort of appetite that all members have, but 45 00:02:25,760 --> 00:02:27,480 Speaker 1: namely Republicans, that this is going to be a new 46 00:02:27,560 --> 00:02:31,600 Speaker 1: challenge to inflation here. Maybe we've got an issue add 47 00:02:31,639 --> 00:02:39,120 Speaker 1: concerns over baby formula, COVID funding, the China Competes bill, 48 00:02:39,200 --> 00:02:42,000 Speaker 1: dare I say, Roe v. Wade, And there's a lot 49 00:02:42,080 --> 00:02:44,240 Speaker 1: hanging over Congress right now. That is where we start 50 00:02:45,680 --> 00:02:49,760 Speaker 1: with the wisdom of Terry Haines, who is the founder 51 00:02:49,760 --> 00:02:52,120 Speaker 1: of Pangia policy. Terry, it's great to have you. I 52 00:02:52,160 --> 00:02:54,480 Speaker 1: don't always love to use the word snarky because I 53 00:02:54,480 --> 00:02:57,119 Speaker 1: feel like it has just kind of a negative edge 54 00:02:57,120 --> 00:02:59,640 Speaker 1: to it. Well, I think of you as a skeptic, 55 00:02:59,680 --> 00:03:03,360 Speaker 1: as an someone with a healthy dose of skepticism. Is 56 00:03:03,360 --> 00:03:08,000 Speaker 1: there a chance that this Ukraine bill doesn't pass? Uh? Well, 57 00:03:08,040 --> 00:03:10,519 Speaker 1: thanks for not putting me in the snark category, Joe. 58 00:03:10,560 --> 00:03:14,440 Speaker 1: I will take skeptic though. The is there a chance. 59 00:03:14,480 --> 00:03:17,680 Speaker 1: I mean, I'm not really Uh. You know, I'll always 60 00:03:17,720 --> 00:03:21,120 Speaker 1: give you five percent for lightning striking. Uh. In politics, 61 00:03:21,160 --> 00:03:24,280 Speaker 1: you have to respect lightning. It happens occasionally. Uh. No, 62 00:03:24,560 --> 00:03:27,880 Speaker 1: this is uh, you know, Senator Paul is bringing up 63 00:03:28,520 --> 00:03:32,680 Speaker 1: uh perfectly valid I'm not associating myself with his remarks, 64 00:03:32,680 --> 00:03:36,240 Speaker 1: but I'm just by saying valid but perfectly valid concerns 65 00:03:37,160 --> 00:03:41,200 Speaker 1: about UH signing onto this much funding. Now he's going 66 00:03:41,280 --> 00:03:44,800 Speaker 1: to get overridden by the vast majority of the Senate, 67 00:03:44,880 --> 00:03:46,920 Speaker 1: as you point out. I mean, I wouldn't even consider 68 00:03:46,960 --> 00:03:50,280 Speaker 1: this a Republican gam but I would consider this a 69 00:03:50,800 --> 00:03:54,040 Speaker 1: Rand Paul gambit. And in the end, UH, he's going 70 00:03:54,120 --> 00:03:59,560 Speaker 1: to end up uh, I think acceding to the vast 71 00:03:59,600 --> 00:04:03,120 Speaker 1: majority at the desire to want to bring this money through. 72 00:04:03,720 --> 00:04:07,760 Speaker 1: And it wouldn't surprise me a bit, having uh watched 73 00:04:07,840 --> 00:04:10,360 Speaker 1: him in action for a lot of years that what 74 00:04:10,480 --> 00:04:13,840 Speaker 1: he ends up with is a is a very strict 75 00:04:13,880 --> 00:04:16,320 Speaker 1: sort of monitoring clause to make sure that the money 76 00:04:16,400 --> 00:04:20,560 Speaker 1: is being spent well, uh, not being misspent and UH 77 00:04:20,880 --> 00:04:24,240 Speaker 1: and you know, strictly for the purposes the defense purposes 78 00:04:24,279 --> 00:04:28,600 Speaker 1: that the that are being proposed. So no, I guess 79 00:04:28,600 --> 00:04:32,760 Speaker 1: that Inspector general and we passed the bill. Yeah, yeah, 80 00:04:32,800 --> 00:04:35,240 Speaker 1: something like that. Sure, But I look at this as 81 00:04:35,400 --> 00:04:38,360 Speaker 1: you know, temporary inconvenience, permanent improvement, as they say about 82 00:04:38,360 --> 00:04:41,800 Speaker 1: the Pennsylvania Turnpike. Well, you remember last week, I mean, 83 00:04:41,800 --> 00:04:43,880 Speaker 1: we heard from President Biden if you believe this, that 84 00:04:43,920 --> 00:04:45,920 Speaker 1: we were going to run out of money for Ukraine, 85 00:04:46,320 --> 00:04:48,279 Speaker 1: that the drawdown would be complete by the middle of 86 00:04:48,360 --> 00:04:50,360 Speaker 1: last week. So we actually have no money to send 87 00:04:50,360 --> 00:04:52,680 Speaker 1: them weapons right now. Technically, I mean, I'm sure we 88 00:04:52,720 --> 00:04:55,120 Speaker 1: could send them more stuff, but there was such an 89 00:04:55,240 --> 00:04:57,600 Speaker 1: urgency under it. I mean, my goodness, Mitch McConnell was 90 00:04:57,640 --> 00:04:59,760 Speaker 1: just there. What do you think miss McConnell told Rampaul 91 00:05:00,040 --> 00:05:03,400 Speaker 1: when he got back from Ukraine. Um, I think he 92 00:05:03,560 --> 00:05:07,320 Speaker 1: probably told Senator Paul that, uh, this money is definitely needed. 93 00:05:07,360 --> 00:05:12,320 Speaker 1: It's definitely happening. And again, my my view of of 94 00:05:12,720 --> 00:05:17,120 Speaker 1: the Kentucky senators is they have a very good kind 95 00:05:17,120 --> 00:05:22,200 Speaker 1: of symbiotic relationship and uh and McConnell will work with 96 00:05:22,240 --> 00:05:24,880 Speaker 1: Paul to figure this out and uh and we'll move on. 97 00:05:25,120 --> 00:05:27,320 Speaker 1: And you know, there was a great deal of urgency 98 00:05:27,360 --> 00:05:30,560 Speaker 1: about this, and at the same time, you know, folks 99 00:05:30,560 --> 00:05:33,159 Speaker 1: are finding all kinds of powers in the in the 100 00:05:33,200 --> 00:05:36,200 Speaker 1: presidency these days. So one of them, I'm sure is 101 00:05:36,240 --> 00:05:39,920 Speaker 1: gonna be the you know, bridge funds something somewhere. There 102 00:05:40,000 --> 00:05:42,039 Speaker 1: was a time, not that long ago, Terry, where the 103 00:05:42,040 --> 00:05:45,240 Speaker 1: issue here was COVID funding. Democrats wanted to attach that. 104 00:05:45,800 --> 00:05:48,040 Speaker 1: Even some Republicans like met Romney had made a deal 105 00:05:48,120 --> 00:05:50,760 Speaker 1: ten million or ten billion, rather down from the more 106 00:05:50,800 --> 00:05:52,520 Speaker 1: than twenty of the president had asked for. But it 107 00:05:52,520 --> 00:05:54,480 Speaker 1: looked like that was gonna bog things down, right, They 108 00:05:54,520 --> 00:05:57,560 Speaker 1: stripped them apart so it would sail through, and then 109 00:05:57,640 --> 00:06:00,840 Speaker 1: ran Paul showed up. But what about that COVID funding? 110 00:06:00,920 --> 00:06:03,200 Speaker 1: And sure doesn't seem like there's a great appetite for 111 00:06:03,320 --> 00:06:06,440 Speaker 1: more spending on the Republican side here in the White 112 00:06:06,440 --> 00:06:09,880 Speaker 1: House is telling us we're already running out of supplies. Terry, Well, 113 00:06:09,880 --> 00:06:12,920 Speaker 1: I'll tell you to two things in response. One is 114 00:06:13,000 --> 00:06:15,400 Speaker 1: that the White House is going to do I have 115 00:06:15,520 --> 00:06:17,960 Speaker 1: to do an awful lot of better job of of 116 00:06:17,960 --> 00:06:20,400 Speaker 1: talking to people about what they need, how they needed, 117 00:06:20,440 --> 00:06:22,839 Speaker 1: and when they needed on COVID than they're previously doing 118 00:06:22,880 --> 00:06:27,280 Speaker 1: because they're not convincing people. Secondly, what is not well 119 00:06:27,400 --> 00:06:32,400 Speaker 1: understood from the famous or infamous two trillion that got 120 00:06:32,440 --> 00:06:36,440 Speaker 1: past last year early in the Biden administration, is that 121 00:06:36,560 --> 00:06:39,560 Speaker 1: only one trillion of that was in the what was 122 00:06:39,800 --> 00:06:43,840 Speaker 1: immediately spent. The other trillion gets dribbed and drabbed out 123 00:06:43,880 --> 00:06:47,440 Speaker 1: for almost the next ten years over a period of time. 124 00:06:47,839 --> 00:06:50,040 Speaker 1: So one thing that's going on here a little bit 125 00:06:50,120 --> 00:06:53,720 Speaker 1: under the radar is people saying, look, you want however 126 00:06:53,800 --> 00:06:56,800 Speaker 1: much money you want, that's fine. But we've given tons 127 00:06:56,800 --> 00:06:59,040 Speaker 1: of money to folks, and you know, not only that, 128 00:06:59,080 --> 00:07:01,560 Speaker 1: but they're gonna get the States are gonna get tons 129 00:07:01,560 --> 00:07:04,800 Speaker 1: of money for you know, the for foreseeable future. So 130 00:07:05,160 --> 00:07:07,120 Speaker 1: you know, let's figure out how to use as much 131 00:07:07,160 --> 00:07:10,880 Speaker 1: of the existing funding as possible. That's been a debate, Frankly, 132 00:07:10,920 --> 00:07:12,680 Speaker 1: that's going on for the last two years, and I 133 00:07:12,720 --> 00:07:14,640 Speaker 1: think that's what's going on now. But in the end, 134 00:07:14,680 --> 00:07:19,040 Speaker 1: everybody gets their money. Talking with Terry Haynes on Bloomberg 135 00:07:19,120 --> 00:07:22,960 Speaker 1: Sound on the Monday edition, I'm taking down the list here, Terry. 136 00:07:23,160 --> 00:07:28,160 Speaker 1: The China Competes bill also just sort of stuck in Congress, 137 00:07:28,280 --> 00:07:30,720 Speaker 1: despite the fact that you know, they've got a conference 138 00:07:30,760 --> 00:07:33,200 Speaker 1: committee here, and but I'm starting to hear and read 139 00:07:33,280 --> 00:07:35,480 Speaker 1: more of you know what, this might not happen at all. 140 00:07:35,560 --> 00:07:38,480 Speaker 1: This is the legislation that includes the fifty two billion 141 00:07:38,520 --> 00:07:42,680 Speaker 1: dollars for domestic chip manufacturing, the Chip Act. Maybe this 142 00:07:42,760 --> 00:07:44,840 Speaker 1: is a crazy idea. Why not strip out the Chicken 143 00:07:44,960 --> 00:07:46,560 Speaker 1: Chip Act? You just put that up for a vote. 144 00:07:46,640 --> 00:07:49,600 Speaker 1: I mean that would pass yesterday, wouldn't it. Well, yeah, 145 00:07:49,640 --> 00:07:52,560 Speaker 1: I think I probably would. At the same time, there 146 00:07:52,600 --> 00:07:58,880 Speaker 1: are concerns about the uh you know, actually uh having 147 00:07:58,920 --> 00:08:03,040 Speaker 1: this much kind of uh federal industrial policy go forward 148 00:08:03,040 --> 00:08:06,320 Speaker 1: on on semiconductors, and Congress has been wrangling around with 149 00:08:06,400 --> 00:08:08,400 Speaker 1: this for a long time. I mean for something that's 150 00:08:08,440 --> 00:08:11,520 Speaker 1: a must pass bill, this yeah, this has been going 151 00:08:11,560 --> 00:08:13,520 Speaker 1: on for you exactly. This is going on for a 152 00:08:13,600 --> 00:08:16,840 Speaker 1: year now, you know. And yeah, so you know again, 153 00:08:16,920 --> 00:08:19,960 Speaker 1: color me skeptical for thinking that this isn't quite the 154 00:08:20,040 --> 00:08:22,880 Speaker 1: must pass that everybody's talking about. But in the end, 155 00:08:23,360 --> 00:08:26,120 Speaker 1: I think what you will end up with is, you know, 156 00:08:26,160 --> 00:08:29,920 Speaker 1: everybody is if you point out, you know, grouped around 157 00:08:30,400 --> 00:08:33,240 Speaker 1: uh the need to do this and uh and really 158 00:08:33,320 --> 00:08:37,280 Speaker 1: ramp up chip capacity in the long term. Uh. And 159 00:08:37,360 --> 00:08:39,960 Speaker 1: you know, I do think that happens. But you know, 160 00:08:40,000 --> 00:08:43,280 Speaker 1: they've got to strip out all the the ancillary issues 161 00:08:43,280 --> 00:08:46,680 Speaker 1: that are boss anything like it does now. When they're done, 162 00:08:46,679 --> 00:08:50,360 Speaker 1: this is going to be a new bill. Yeah, oh absolutely, yeah, 163 00:08:51,040 --> 00:08:53,679 Speaker 1: because there's one of these written in conference things. Absolutely 164 00:08:53,720 --> 00:08:55,400 Speaker 1: And that's how much of how much have you learned 165 00:08:55,400 --> 00:08:58,439 Speaker 1: about baby food last couple of days, Terry? I was, um, 166 00:08:59,240 --> 00:09:00,880 Speaker 1: I've got a teenage here now, so it's not in 167 00:09:00,920 --> 00:09:02,640 Speaker 1: my life anymore. But I did notice at the store 168 00:09:02,679 --> 00:09:04,360 Speaker 1: of the weekend what was happening on the shelves. And 169 00:09:04,360 --> 00:09:06,800 Speaker 1: of course there's been a deafening cry. But did you 170 00:09:06,840 --> 00:09:09,760 Speaker 1: know there was such a bottleneck? There's like there's only 171 00:09:09,840 --> 00:09:12,000 Speaker 1: I didn't realize we had such few options when it 172 00:09:12,000 --> 00:09:16,199 Speaker 1: came to baby formula. Well, yeah, it's uh, that is 173 00:09:16,240 --> 00:09:18,520 Speaker 1: a little disturbing number one and number two. You know, 174 00:09:18,559 --> 00:09:25,240 Speaker 1: they're spent an awful lot of of fuzz around exactly 175 00:09:26,200 --> 00:09:30,800 Speaker 1: who was who was stopping things and why the White 176 00:09:30,800 --> 00:09:33,280 Speaker 1: House is calling us a voluntary matter and at the 177 00:09:33,320 --> 00:09:36,040 Speaker 1: same time the f d A was calling it, uh, 178 00:09:36,280 --> 00:09:39,360 Speaker 1: you know, a non voluntary matter. And let's hear from 179 00:09:39,360 --> 00:09:41,920 Speaker 1: the White House really quick on that. Karine Jean Pierre 180 00:09:42,320 --> 00:09:46,520 Speaker 1: first her first day, I believe as solo press Secretary 181 00:09:46,600 --> 00:09:49,360 Speaker 1: was asked about this here she is, we cannot forget 182 00:09:50,160 --> 00:09:53,000 Speaker 1: how that we got here. Abbott cles a facility because 183 00:09:53,000 --> 00:09:55,559 Speaker 1: of safety concerns from the f d A. The f 184 00:09:55,720 --> 00:09:58,760 Speaker 1: d A wanted to make sure that we formula was 185 00:09:58,800 --> 00:10:02,840 Speaker 1: going out in a safe Wait, how does this end up? 186 00:10:02,880 --> 00:10:05,160 Speaker 1: Is there a legislative solution? Terrytor Is? The White House 187 00:10:05,240 --> 00:10:08,199 Speaker 1: continue what it's doing to try to get suppliers of 188 00:10:08,360 --> 00:10:11,880 Speaker 1: raw materials with the manufacturers and so forth. The White 189 00:10:11,880 --> 00:10:14,840 Speaker 1: House continues to do what it's been doing, and uh, 190 00:10:14,920 --> 00:10:17,839 Speaker 1: you know, and eventually, you know, thanks to the action 191 00:10:17,880 --> 00:10:21,280 Speaker 1: that was taken and announced just a few minutes ago, 192 00:10:21,360 --> 00:10:24,720 Speaker 1: and I think things things restart in the crisis eases, 193 00:10:24,920 --> 00:10:27,520 Speaker 1: but you know, it also brings up a bigger political problem, 194 00:10:27,600 --> 00:10:29,240 Speaker 1: which the White House gets in the middle of all 195 00:10:29,280 --> 00:10:32,559 Speaker 1: this stuff. And they've been saying again for a year, oh, well, 196 00:10:32,679 --> 00:10:35,120 Speaker 1: you know, we take supply chain problems very seriously. We're 197 00:10:35,120 --> 00:10:37,560 Speaker 1: really going to deal with supply chain problems. And then 198 00:10:37,679 --> 00:10:41,640 Speaker 1: a major supply chain problem happens that has caused proximately 199 00:10:41,679 --> 00:10:45,080 Speaker 1: at least in part by government action, and uh, you know, 200 00:10:45,120 --> 00:10:47,959 Speaker 1: so they end up owning the crisis politically, and uh, 201 00:10:48,040 --> 00:10:51,040 Speaker 1: and and uh and causing problems they might not have 202 00:10:51,160 --> 00:10:54,400 Speaker 1: needed to cause in the first place. So you know 203 00:10:54,440 --> 00:10:58,559 Speaker 1: it's uh, it's difficult Ukraine funding gets done this week? 204 00:10:58,600 --> 00:11:03,760 Speaker 1: Are you allowing more time, Terry, Um, I'll say, I'll say, uh, 205 00:11:03,920 --> 00:11:06,760 Speaker 1: let's were Monday. I think at the end of this week, sure, 206 00:11:07,600 --> 00:11:10,280 Speaker 1: I think this goes on for a few days and uh, 207 00:11:10,400 --> 00:11:13,800 Speaker 1: Senator Paul's concerns get resolved along the lines I indicate, 208 00:11:13,840 --> 00:11:17,120 Speaker 1: and I think, uh, I think they finish up. Great 209 00:11:17,160 --> 00:11:19,200 Speaker 1: to spend some time with you, as always, Terry Haynes, 210 00:11:19,280 --> 00:11:22,360 Speaker 1: founder of Pangea Policy, with us to start an important 211 00:11:22,360 --> 00:11:25,000 Speaker 1: weekend politics here on sound On. We're gonna assemble the 212 00:11:25,000 --> 00:11:27,680 Speaker 1: panel next Genie and Ricker with us for the hour 213 00:11:28,120 --> 00:11:31,640 Speaker 1: Bloomberg Politics contributors Rick Davis, Jeannie Chanzano, and of course 214 00:11:31,640 --> 00:11:34,760 Speaker 1: we'll check traffic and the markets for you on the 215 00:11:34,760 --> 00:11:37,520 Speaker 1: way home. Here on the fastest hour in politics. I'm 216 00:11:37,600 --> 00:11:41,439 Speaker 1: Joe Matthew coming to you live from Boston today the 217 00:11:41,520 --> 00:11:49,679 Speaker 1: center of the universe. This is Bloomberg. This is Bloomberg. 218 00:11:49,840 --> 00:11:56,360 Speaker 1: So On with Joe Matthew on Bloomberg Radio. The old 219 00:11:56,400 --> 00:11:59,400 Speaker 1: to do lists in Congress is starting to look a 220 00:11:59,400 --> 00:12:02,760 Speaker 1: bit challenging here, and after talking with Terry Haynes, you 221 00:12:02,800 --> 00:12:05,920 Speaker 1: get a sense that it'll soon be triage time. Thanks 222 00:12:05,960 --> 00:12:08,320 Speaker 1: for joining us on Bloomberg Sound On as we assemble 223 00:12:08,400 --> 00:12:11,920 Speaker 1: the panel with Rick and Genie Bloomberg Politics contributors Genie 224 00:12:12,000 --> 00:12:14,920 Speaker 1: Chanzano and Rick Davis, as we join you live from 225 00:12:14,920 --> 00:12:18,200 Speaker 1: the Hub of the Universe. Yes, we're here in Boston 226 00:12:18,240 --> 00:12:21,920 Speaker 1: today and tomorrow, and we'll be talking tomorrow with a 227 00:12:22,000 --> 00:12:26,840 Speaker 1: number of business and political leaders at the annual Chamber Dinner, 228 00:12:28,040 --> 00:12:29,719 Speaker 1: which I'm really looking forward to. I haven't been there 229 00:12:29,720 --> 00:12:31,439 Speaker 1: of gosh, they haven't even held it since COVID. I've 230 00:12:31,440 --> 00:12:34,439 Speaker 1: been there for a lot longer than that. Genie, I 231 00:12:34,480 --> 00:12:36,319 Speaker 1: hope you had a great weekend. Thanks for being here. 232 00:12:36,320 --> 00:12:37,839 Speaker 1: It's great to have Rick back. I want to hear 233 00:12:37,840 --> 00:12:39,800 Speaker 1: what Rick has on his mind after a couple of days. 234 00:12:39,800 --> 00:12:42,200 Speaker 1: This Ukraine funding bill where we left off last week, 235 00:12:43,240 --> 00:12:49,360 Speaker 1: stopped by Rand Paul Just days before Mitch McConnell, of course, 236 00:12:49,440 --> 00:12:52,760 Speaker 1: his fellow senator from Kentucky, but not just any senator 237 00:12:53,360 --> 00:12:56,120 Speaker 1: showed up to meet in person with President Zelenski. How 238 00:12:56,160 --> 00:12:59,440 Speaker 1: long is this act going to last? Well? I love 239 00:12:59,520 --> 00:13:03,000 Speaker 1: the acts and Joe Boston best town this time of year. 240 00:13:03,240 --> 00:13:07,800 Speaker 1: It I do um, you know, Mitch McConnell visiting obviously 241 00:13:07,800 --> 00:13:12,280 Speaker 1: an important statement, and took questions from reporters and sort 242 00:13:12,360 --> 00:13:17,880 Speaker 1: of tried to, you know, sort of dismiss those questions 243 00:13:17,920 --> 00:13:20,840 Speaker 1: about the fact that it wasn't just Ran Paul, but 244 00:13:20,920 --> 00:13:24,240 Speaker 1: it was about fifties seven House Republicans who voted against 245 00:13:24,240 --> 00:13:28,840 Speaker 1: that bill. And this question of isolationism creeping into the 246 00:13:28,880 --> 00:13:32,320 Speaker 1: Republican Party and of course not helped by former President 247 00:13:32,360 --> 00:13:37,000 Speaker 1: Trump who made statements questioning, you know, why the Republican 248 00:13:37,040 --> 00:13:39,360 Speaker 1: Party in the United States is spending you know, forty 249 00:13:39,440 --> 00:13:42,720 Speaker 1: sixty billion in Ukraine while people are struggling to feed 250 00:13:42,720 --> 00:13:45,640 Speaker 1: their children. So this is something Republicans are going to 251 00:13:45,720 --> 00:13:48,840 Speaker 1: have to contend with. He did say accurately, so he 252 00:13:48,920 --> 00:13:52,520 Speaker 1: being McConnell, The isolationism has been a purport of part 253 00:13:52,520 --> 00:13:55,559 Speaker 1: of the Republican Party for some time, and that is true. 254 00:13:55,679 --> 00:13:58,520 Speaker 1: So I agree the bill will pass. But I do 255 00:13:58,679 --> 00:14:01,320 Speaker 1: think we're seeing you sort of an inkling of what's 256 00:14:01,360 --> 00:14:04,400 Speaker 1: to come with the Republican Party continuing to move in 257 00:14:04,400 --> 00:14:08,199 Speaker 1: this direction. The line from Rand Paul Rick was inflation 258 00:14:08,360 --> 00:14:11,840 Speaker 1: doesn't come out of nowhere, it comes out of deficit spending. 259 00:14:12,520 --> 00:14:14,920 Speaker 1: I know everybody wants to help Ukraine, but is this 260 00:14:15,000 --> 00:14:17,280 Speaker 1: going to come about where where Rand Paul looks like 261 00:14:17,360 --> 00:14:19,800 Speaker 1: he's on the right side of history here or will 262 00:14:19,840 --> 00:14:22,240 Speaker 1: this be forgotten in a couple of days. Yeah, it's 263 00:14:22,320 --> 00:14:25,640 Speaker 1: highly unlikely that Ran Paul, on most anything he's done 264 00:14:25,640 --> 00:14:27,520 Speaker 1: in Congress has been on the right side of history. 265 00:14:27,560 --> 00:14:30,680 Speaker 1: I mean, he's the he's the one guy you can 266 00:14:30,720 --> 00:14:33,680 Speaker 1: count on to sort of spoil the party. And I 267 00:14:33,720 --> 00:14:36,240 Speaker 1: think one of the things that's surprising to me, and 268 00:14:36,360 --> 00:14:39,040 Speaker 1: I think the one thing left out of Mitch mcconnald's 269 00:14:39,200 --> 00:14:42,520 Speaker 1: uh conversation with the press and in the country in 270 00:14:42,640 --> 00:14:46,400 Speaker 1: Ukraine has been the urgency, right, I mean, the the 271 00:14:46,440 --> 00:14:49,680 Speaker 1: Republicans seem fine to sort of like move this along, 272 00:14:49,800 --> 00:14:52,040 Speaker 1: but move it along at pace. They don't want to 273 00:14:52,040 --> 00:14:55,440 Speaker 1: really push hard um. Obviously, there's a debate within the 274 00:14:55,480 --> 00:14:57,280 Speaker 1: party and has been for a long time, and Rand 275 00:14:57,320 --> 00:15:00,320 Speaker 1: Paul represents the lead end of the isolationists wing of 276 00:15:00,360 --> 00:15:02,760 Speaker 1: the party. But the vast majority of Republicans of the 277 00:15:02,800 --> 00:15:06,040 Speaker 1: Senate and in the House are internationalists. They believe in 278 00:15:06,160 --> 00:15:08,560 Speaker 1: engagement and they want to win the fight against the Russians, 279 00:15:08,640 --> 00:15:11,000 Speaker 1: and so make of that vote in the House than Rick, 280 00:15:11,080 --> 00:15:14,920 Speaker 1: what's the story for those fifty seven Republicans who said no. Yeah, Look, 281 00:15:14,960 --> 00:15:18,120 Speaker 1: I think that that more and more this isolations wing 282 00:15:18,120 --> 00:15:19,880 Speaker 1: of the party is showing up in the House, right, 283 00:15:19,880 --> 00:15:21,760 Speaker 1: I mean, look, I mean, you know, probably half of 284 00:15:21,760 --> 00:15:25,160 Speaker 1: those are conspiracy theorists who probably believe in some crazy 285 00:15:25,240 --> 00:15:28,280 Speaker 1: concept of what's going on in Russia and are sensitive 286 00:15:28,320 --> 00:15:31,120 Speaker 1: to some of the the arguments that that we shouldn't 287 00:15:31,120 --> 00:15:34,200 Speaker 1: be involved in this. So uh, And as Mitch McConnell said, 288 00:15:34,200 --> 00:15:36,800 Speaker 1: and it's true, we've had those kinds of guys before, 289 00:15:36,840 --> 00:15:39,200 Speaker 1: but in the past, leadership has been able to discipline 290 00:15:39,200 --> 00:15:41,840 Speaker 1: the caucus and get them to vote right. And in 291 00:15:41,840 --> 00:15:45,200 Speaker 1: this case, there's very little confidence in leadership, either in 292 00:15:45,240 --> 00:15:47,280 Speaker 1: the House or the Senate these days, and so you 293 00:15:47,360 --> 00:15:52,400 Speaker 1: have much more uh, pushback from Republicans against their own 294 00:15:52,720 --> 00:15:56,240 Speaker 1: party leadership. And what will be interesting to see is 295 00:15:56,320 --> 00:16:00,880 Speaker 1: if and when they get into leadership where uh, Mitch 296 00:16:01,000 --> 00:16:04,240 Speaker 1: McConnell maybe the majority leader and and McCarthy maybe the 297 00:16:04,280 --> 00:16:07,560 Speaker 1: Speaker of the House, can they contain this kind of rebellion, 298 00:16:07,600 --> 00:16:11,920 Speaker 1: because that will determine whether they're successful or not. Yeah, 299 00:16:11,960 --> 00:16:15,960 Speaker 1: Baby Formula Genie the lead story over the weekend in 300 00:16:16,000 --> 00:16:19,360 Speaker 1: some cases maybe the second story after Ukraine. Uh, this 301 00:16:19,440 --> 00:16:24,160 Speaker 1: is now a household conversation and it's not playing well 302 00:16:24,320 --> 00:16:27,280 Speaker 1: for this White House. Does Joe Biden need to throw 303 00:16:27,320 --> 00:16:30,040 Speaker 1: everything down here and make this his priority? I know 304 00:16:30,080 --> 00:16:31,920 Speaker 1: the White House is trying to take action here, but 305 00:16:32,240 --> 00:16:35,280 Speaker 1: this is yet another supply chain hiccup that's making this 306 00:16:35,280 --> 00:16:38,680 Speaker 1: White House look unprepared. It is, and he does need 307 00:16:38,760 --> 00:16:41,480 Speaker 1: to act. You know. It is another in a long 308 00:16:41,640 --> 00:16:45,600 Speaker 1: line of sort of remembrances that we have supply chain, 309 00:16:45,680 --> 00:16:48,640 Speaker 1: we have inflation issues. But the problem for the White 310 00:16:48,680 --> 00:16:52,680 Speaker 1: House politically is this one is visceral. You know, if 311 00:16:52,800 --> 00:16:55,480 Speaker 1: if you if your car is delayed getting off the 312 00:16:55,520 --> 00:16:57,880 Speaker 1: line three months, that's you know, one thing. If you 313 00:16:57,920 --> 00:17:00,720 Speaker 1: can't get a game for your game system, that's one thing. 314 00:17:00,960 --> 00:17:03,120 Speaker 1: But when you can't feed your baby, and we have 315 00:17:03,160 --> 00:17:06,359 Speaker 1: American babies going hungry, that is something that gets a 316 00:17:06,400 --> 00:17:10,040 Speaker 1: lot of coverage and it's something every parent and anybody 317 00:17:10,119 --> 00:17:13,080 Speaker 1: parent or not parent can understand. So this is something 318 00:17:13,160 --> 00:17:15,680 Speaker 1: they do have to deal with. And you know, we 319 00:17:15,760 --> 00:17:18,040 Speaker 1: keep hearing that the White House was late to this, 320 00:17:18,119 --> 00:17:21,560 Speaker 1: and the President denied it last week. But you look 321 00:17:21,600 --> 00:17:25,320 Speaker 1: at some of the sort of parental online chat rooms 322 00:17:25,640 --> 00:17:28,240 Speaker 1: and there has been chatter about this going back to 323 00:17:28,280 --> 00:17:31,680 Speaker 1: when Abbott had the voluntary recall in February. So this 324 00:17:31,760 --> 00:17:34,320 Speaker 1: is a bit of a time coming. They got, they 325 00:17:34,359 --> 00:17:37,160 Speaker 1: relate to it, and they're gonna have to throw everything 326 00:17:37,200 --> 00:17:39,040 Speaker 1: at it. There's not a lot they could do, but 327 00:17:39,160 --> 00:17:42,440 Speaker 1: certainly the tariffs and the Defense Production Act, those things 328 00:17:42,440 --> 00:17:45,160 Speaker 1: that they can do, they absolutely should do because this 329 00:17:45,200 --> 00:17:48,920 Speaker 1: is something that really is a problem for them. It's 330 00:17:48,960 --> 00:17:50,960 Speaker 1: not good timing Rick and the White House turned this 331 00:17:51,000 --> 00:17:52,720 Speaker 1: into a win or is this just another brick in 332 00:17:52,760 --> 00:17:56,200 Speaker 1: the wall. You know, I gotta tell you. I mean 333 00:17:56,240 --> 00:17:59,880 Speaker 1: Republicans are sitting back watching this administration sort of disas 334 00:18:00,000 --> 00:18:02,640 Speaker 1: emble itself. I mean, this was not a supply chain 335 00:18:02,680 --> 00:18:06,480 Speaker 1: problem caused by COVID or caused by China. This was 336 00:18:06,560 --> 00:18:08,920 Speaker 1: a problem caused by the f d A that's shut 337 00:18:08,960 --> 00:18:12,919 Speaker 1: down the Abbot plant, which now they've just agreed to reopen. So, uh, 338 00:18:13,040 --> 00:18:15,040 Speaker 1: this administration can't get it out of its own way, 339 00:18:15,040 --> 00:18:18,680 Speaker 1: and it's being done in by its own cabinet. Rick Davis, G. D. 340 00:18:18,760 --> 00:18:22,600 Speaker 1: Schanzano back together on Sound On. I'm Joe Matthew in Boston. 341 00:18:22,600 --> 00:18:25,360 Speaker 1: We're gonna bring in Greg Jarrow next. As we hit 342 00:18:25,400 --> 00:18:28,000 Speaker 1: the primary trail, we'll check traffic and markets for you 343 00:18:28,040 --> 00:18:36,280 Speaker 1: as well. This is Bloomberg Broadcasting live from our nation's capital, 344 00:18:36,359 --> 00:18:42,280 Speaker 1: Bloomberg to New York, Bloomberg eleven Frio to Boston, Bloomberg 345 00:18:42,320 --> 00:18:45,959 Speaker 1: one oh six one to San Francisco, Bloomberg nine sixty 346 00:18:46,200 --> 00:18:49,520 Speaker 1: to the Country Serious x M General one nine and 347 00:18:49,560 --> 00:18:52,920 Speaker 1: around the globe the Bloomberg Business app and Bloomberg Radio 348 00:18:53,080 --> 00:18:57,800 Speaker 1: dot Com. This is Bloomberg Sound On with Joe Matthew. 349 00:19:00,040 --> 00:19:04,440 Speaker 1: Headline on the terminal Pennsylvania Senate cowforn Top primaries to 350 00:19:04,520 --> 00:19:08,920 Speaker 1: watch Tuesday. That would be tomorrow votes being cast in Idaho, Kentucky, 351 00:19:09,000 --> 00:19:13,919 Speaker 1: North Carolina, Oregon, and yes, Pennsylvania, whereas you may well 352 00:19:13,960 --> 00:19:17,160 Speaker 1: have heard, the top Democratic contender for Senate is hospitalized 353 00:19:17,160 --> 00:19:19,479 Speaker 1: with a stroke. Will have more on that next with 354 00:19:19,480 --> 00:19:23,640 Speaker 1: Bloomberg Elections reporter Greg Darrow. Imagine watching your own election 355 00:19:23,680 --> 00:19:29,960 Speaker 1: results from bed. That's the likely reality tomorrow for John Fetterman, 356 00:19:30,000 --> 00:19:33,480 Speaker 1: the Democratic Lieutenant governor of Pennsylvania. He's the Democratic candidate 357 00:19:33,760 --> 00:19:37,120 Speaker 1: for Senate there, the front runner posted a video from 358 00:19:37,160 --> 00:19:40,200 Speaker 1: the hospital with his wife Giselle, may have saved his life. 359 00:19:40,280 --> 00:19:43,840 Speaker 1: Listen to this. Hey everybody, it's John and Giselle. As 360 00:19:43,840 --> 00:19:45,600 Speaker 1: you can see, we hit a little bump on the 361 00:19:45,640 --> 00:19:50,159 Speaker 1: campaign trail. It was on Friday. I just wasn't feeling 362 00:19:50,240 --> 00:19:52,200 Speaker 1: very well, so I decided to know what I need 363 00:19:52,240 --> 00:19:56,040 Speaker 1: to get checked out, get checked out because I was 364 00:19:56,119 --> 00:20:01,720 Speaker 1: right as always, Yes as always. Fetterman fifty two had 365 00:20:01,720 --> 00:20:06,639 Speaker 1: previously canceled weekend campaign appearances without explanation, and as I 366 00:20:06,720 --> 00:20:10,600 Speaker 1: read on the terminal said he was able to reach 367 00:20:10,640 --> 00:20:13,480 Speaker 1: Penn Medicine Lancaster General Hospital within minutes of first having 368 00:20:13,480 --> 00:20:16,159 Speaker 1: symptoms on Friday. Had a stroke, A mild stroke, but 369 00:20:16,640 --> 00:20:19,280 Speaker 1: you know stroke, he said, caused by a clot from 370 00:20:19,320 --> 00:20:21,800 Speaker 1: his heart being in an aphib rhythm for too long. 371 00:20:23,040 --> 00:20:25,720 Speaker 1: This is where we start the conversation about a wild 372 00:20:25,720 --> 00:20:29,119 Speaker 1: primary day that we're looking forward to tomorrow with Greg Darrow. 373 00:20:29,240 --> 00:20:32,920 Speaker 1: Always a pleasure to spend time with Bloomberg Government's elections expert. 374 00:20:33,600 --> 00:20:37,399 Speaker 1: Greg Fetterman is a big tough dude, but a stroke 375 00:20:37,480 --> 00:20:41,560 Speaker 1: is serious business. Are voters talking about his health in 376 00:20:41,640 --> 00:20:44,360 Speaker 1: this late stage of the campaign or as he expected 377 00:20:44,359 --> 00:20:48,320 Speaker 1: to recover and we'll forget this somewhere down the line. Yeah, 378 00:20:48,359 --> 00:20:50,880 Speaker 1: I think they're probably talking about it, given its such 379 00:20:50,920 --> 00:20:53,760 Speaker 1: a it's big news to occur in the winning days 380 00:20:53,760 --> 00:20:56,840 Speaker 1: of the campaign. But I think part of me Veteran's 381 00:20:57,080 --> 00:21:00,760 Speaker 1: Fetterman's lead in the polls over his Democratic ponents, led 382 00:21:00,800 --> 00:21:05,400 Speaker 1: by Republican Representative Connor Lamb, was probably substantial enough where 383 00:21:05,400 --> 00:21:07,600 Speaker 1: he's probably gonna win the primary anyway. But you know, 384 00:21:07,800 --> 00:21:11,240 Speaker 1: certainly health issues is you know, it really underscores kind 385 00:21:11,280 --> 00:21:13,960 Speaker 1: of people's mortality. And you know, Federan, as you mentioned, 386 00:21:13,960 --> 00:21:16,840 Speaker 1: is only fifty two years old. We've had news of 387 00:21:16,840 --> 00:21:21,040 Speaker 1: a stroke by Maryland Senator Chris van Allen, who's sixty three. 388 00:21:21,720 --> 00:21:24,960 Speaker 1: Earlier this year, Ben Ray Luhan Center from New Mexico 389 00:21:25,440 --> 00:21:27,640 Speaker 1: suffered a stroke. He was just in his early fifties, 390 00:21:27,680 --> 00:21:31,760 Speaker 1: and the average center is about sixty five years old. 391 00:21:31,800 --> 00:21:35,080 Speaker 1: So this is um uh, you know, certainly serious news. 392 00:21:35,080 --> 00:21:37,520 Speaker 1: But I think Federal probably still advanced the general election. 393 00:21:38,440 --> 00:21:42,880 Speaker 1: Six ft eight former college football player, Uh, he's known 394 00:21:42,920 --> 00:21:46,439 Speaker 1: for wearing Jim shortz and hoodies at his campaigns. Like 395 00:21:46,480 --> 00:21:49,160 Speaker 1: I said, he's clearly a kind of a tough guy. 396 00:21:49,160 --> 00:21:51,480 Speaker 1: But does that give him an edge here in not 397 00:21:51,560 --> 00:21:54,560 Speaker 1: looking like, you know, someone who's on the other side 398 00:21:54,560 --> 00:21:56,400 Speaker 1: of the hill and and might need to worry about 399 00:21:56,440 --> 00:22:00,000 Speaker 1: this going into a longer term arrangement. Greg, Yeah, I mean, 400 00:22:00,040 --> 00:22:03,800 Speaker 1: Federal certainly has this image of being kind of a 401 00:22:04,160 --> 00:22:06,840 Speaker 1: you know, it's looking like a non politician. I've followed 402 00:22:06,880 --> 00:22:09,000 Speaker 1: him for three years. He ran for the Senate in 403 00:22:09,200 --> 00:22:12,159 Speaker 1: twenties sixteen, and you know, again he sort of, you know, 404 00:22:12,280 --> 00:22:14,760 Speaker 1: kind of had that casual look, and he likes to 405 00:22:14,880 --> 00:22:18,879 Speaker 1: campaign and you know, pro Trump counties overwhelmingly Republican counties 406 00:22:18,920 --> 00:22:21,320 Speaker 1: of Pennsylvania, and you know, I think part of his 407 00:22:21,359 --> 00:22:25,639 Speaker 1: strategy in the general election is to not only hold 408 00:22:25,680 --> 00:22:29,520 Speaker 1: the typical Democratic margins in areas like Pittsburgh and Philadelphia 409 00:22:29,560 --> 00:22:31,960 Speaker 1: and do okay in the suburbs, but you know, maybe 410 00:22:32,600 --> 00:22:36,119 Speaker 1: eat into those typical Republican margins and the heavily Republican areas. 411 00:22:37,680 --> 00:22:39,600 Speaker 1: I'm guessing if I had a stroke, my wife would 412 00:22:39,640 --> 00:22:41,080 Speaker 1: not call it a bump on the road. But I 413 00:22:41,119 --> 00:22:43,960 Speaker 1: realized we're on the we're on the campaign cycle. Here 414 00:22:43,960 --> 00:22:46,879 Speaker 1: in life is a little different. Um. Greg talked to 415 00:22:47,000 --> 00:22:50,200 Speaker 1: us about the other side of the Senate contest here. 416 00:22:50,240 --> 00:22:52,960 Speaker 1: The Republican match has been pretty wild. And we've talked 417 00:22:52,960 --> 00:22:55,560 Speaker 1: about this a bit because it includes a celebrity. You've 418 00:22:55,600 --> 00:22:58,640 Speaker 1: got dr Oz running here, David McCormick, a Wall Street celebrity. 419 00:22:58,920 --> 00:23:02,440 Speaker 1: But the story of Haffie Barnett has been quite remarkable, 420 00:23:02,480 --> 00:23:05,240 Speaker 1: this conservative commentator. We saw photos of her today in 421 00:23:05,280 --> 00:23:09,399 Speaker 1: Washington on January six. People have been digging through her record. Uh, 422 00:23:09,560 --> 00:23:13,399 Speaker 1: she's in many ways more trumpy than McCormick or Oz, 423 00:23:13,520 --> 00:23:17,280 Speaker 1: both of whom, of course sought the Trump endorsement. And 424 00:23:17,320 --> 00:23:19,639 Speaker 1: it's interesting because people, in a lot of cases, Greg 425 00:23:19,720 --> 00:23:22,520 Speaker 1: don't know a lot about her. Dr Oz and David 426 00:23:22,600 --> 00:23:27,120 Speaker 1: McCormick were both asked about Kathy Barnett's history, her personality, 427 00:23:27,160 --> 00:23:30,800 Speaker 1: her character by CBS News. Listen to their reactions. We 428 00:23:30,880 --> 00:23:33,760 Speaker 1: may not have that. Um, if we could get that 429 00:23:33,800 --> 00:23:36,240 Speaker 1: in a moment, that would be fantastic because they're questioning 430 00:23:37,280 --> 00:23:39,640 Speaker 1: her strength as a candidate here and whether she could 431 00:23:39,640 --> 00:23:43,520 Speaker 1: win a general election. Greg, is that something that could 432 00:23:43,520 --> 00:23:47,640 Speaker 1: hold her back? She's packing these rallies that she's holding. Yeah, 433 00:23:47,640 --> 00:23:49,720 Speaker 1: the question is is she peaking a little bit too soon? 434 00:23:49,840 --> 00:23:53,959 Speaker 1: I was in Philadelphia on April the April the thirties, 435 00:23:54,000 --> 00:23:55,960 Speaker 1: so just about two and a half weeks ago, and 436 00:23:56,000 --> 00:23:58,680 Speaker 1: I had my television on for Better or Worse during 437 00:23:58,720 --> 00:24:00,680 Speaker 1: a during some TV show, I was just so the 438 00:24:00,760 --> 00:24:03,920 Speaker 1: inndation of commercials, I did not see anything by Kathy Barnett. 439 00:24:03,920 --> 00:24:05,960 Speaker 1: It seemed to be mem at Oz, who was supported 440 00:24:05,960 --> 00:24:08,879 Speaker 1: by a former president, Donald Trump, and Dave McCormick, the 441 00:24:08,920 --> 00:24:13,520 Speaker 1: former Bridgewater Associates CEO. It was them or their allies 442 00:24:14,200 --> 00:24:16,159 Speaker 1: kind of pounding on each other. And sometimes when you 443 00:24:16,160 --> 00:24:19,320 Speaker 1: have races where you have two front runners beating up 444 00:24:19,320 --> 00:24:21,479 Speaker 1: on each other, sometimes a third candic can kind of 445 00:24:21,800 --> 00:24:25,080 Speaker 1: sneak up there by surprise. And but Barnett did a 446 00:24:25,200 --> 00:24:27,960 Speaker 1: rise in the polls in the last seven or ten days, 447 00:24:28,040 --> 00:24:30,960 Speaker 1: and she's gotten the attention of the front runners in 448 00:24:31,040 --> 00:24:33,400 Speaker 1: that right. So the question is can they arrest her 449 00:24:33,520 --> 00:24:36,399 Speaker 1: rise in time to hold her off in the primary. 450 00:24:36,920 --> 00:24:40,040 Speaker 1: Listen to what Oza McCormick, we're telling CBS News about 451 00:24:40,040 --> 00:24:44,640 Speaker 1: her over the weekend. You've called Kathy Barnett a mystery person. 452 00:24:45,480 --> 00:24:47,960 Speaker 1: What do you mean by that? I called Kathy Barnett 453 00:24:48,000 --> 00:24:50,560 Speaker 1: a mystery because every time she answers a question, she 454 00:24:50,640 --> 00:24:53,639 Speaker 1: raises a bunch more questions. She's not transparent about so 455 00:24:53,680 --> 00:24:56,320 Speaker 1: many aspects of a basic biography that we don't know 456 00:24:56,359 --> 00:25:00,240 Speaker 1: who she is. Would Cathy Barnett be a risky bet 457 00:25:00,440 --> 00:25:04,119 Speaker 1: for Republicans in November? Well, listen, Um, I've got to 458 00:25:04,160 --> 00:25:07,080 Speaker 1: know Cathy on the campaign, who I respect her, her story. 459 00:25:07,640 --> 00:25:09,960 Speaker 1: But Cathy has been tested. She was tested in the 460 00:25:10,040 --> 00:25:12,240 Speaker 1: last twenty four months in a congressional seat which she 461 00:25:12,280 --> 00:25:15,960 Speaker 1: lost by twenty points. So you've got a sense there 462 00:25:16,520 --> 00:25:20,040 Speaker 1: of of what they think here, Greg with regard to voters. 463 00:25:20,040 --> 00:25:22,680 Speaker 1: Are they as clueless as most of the mainstream media. 464 00:25:22,760 --> 00:25:26,159 Speaker 1: Kathy Barnett Uh, in many cases wouldn't answer questions on 465 00:25:26,200 --> 00:25:30,000 Speaker 1: Fox News Sunday yesterday, even about being an adjunct professor. Yeah, 466 00:25:30,080 --> 00:25:33,359 Speaker 1: she's um certainly attracted a lot of scrutiny for things 467 00:25:33,359 --> 00:25:36,080 Speaker 1: she said, and in this case, many things she doesn't 468 00:25:36,119 --> 00:25:39,160 Speaker 1: say or questions she doesn't answer, and that could come 469 00:25:39,200 --> 00:25:41,480 Speaker 1: to her her in the winning days of the campaign. Um, 470 00:25:41,520 --> 00:25:46,320 Speaker 1: just remains to be seen whether the attacks by amment 471 00:25:46,359 --> 00:25:49,200 Speaker 1: Oz and Dave McCormick, and they're super packs which have 472 00:25:49,240 --> 00:25:52,360 Speaker 1: spent millions of dollars on attack, as question is, will 473 00:25:52,359 --> 00:25:54,600 Speaker 1: it be enough to kind of a stand at her, 474 00:25:55,160 --> 00:25:57,760 Speaker 1: or at least you prevent her from rising further in 475 00:25:57,800 --> 00:26:00,439 Speaker 1: the polls Um, it looks like it's still a pretty 476 00:26:00,480 --> 00:26:03,879 Speaker 1: close three way race that between McCormick and Barnett. I 477 00:26:03,920 --> 00:26:05,400 Speaker 1: wish I had time to go through all these days 478 00:26:05,440 --> 00:26:07,800 Speaker 1: with you, Greg. Just in our remaining thirty seconds is 479 00:26:07,800 --> 00:26:10,919 Speaker 1: the Madison Cawthorne race in North Carolina, the next one 480 00:26:10,960 --> 00:26:13,840 Speaker 1: you're watching. That's the biggest one I'm watching. He faces 481 00:26:13,880 --> 00:26:17,480 Speaker 1: a several primary challenges, led by State Senator Chuck Edwards, 482 00:26:17,680 --> 00:26:19,600 Speaker 1: but there are also some several House members who have 483 00:26:19,680 --> 00:26:23,520 Speaker 1: other serious challenges, including Kurt Schrader and Oregan Democrat and 484 00:26:23,840 --> 00:26:26,840 Speaker 1: Mike Simpson and Republican from mids get together Wednesday, talk 485 00:26:26,880 --> 00:26:30,120 Speaker 1: about Greg. We'll see what you're thinking. Then Primary day tomorrow. 486 00:26:30,280 --> 00:26:37,120 Speaker 1: This is Bloomberg. This is Bloomberg Son on with Joe 487 00:26:37,160 --> 00:26:45,560 Speaker 1: Matthew on Bloomberg Radio. Primary election eve with high drama 488 00:26:45,640 --> 00:26:48,159 Speaker 1: in some high profile races. We're gonna be tracking for 489 00:26:48,240 --> 00:26:51,960 Speaker 1: you tomorrow, none more so than in Pennsylvania. I think 490 00:26:52,000 --> 00:26:56,360 Speaker 1: we could argue. But early voting starts tomorrow in Texas, 491 00:26:56,400 --> 00:26:58,360 Speaker 1: and you know things are big in Texas. That's where 492 00:26:58,400 --> 00:27:00,760 Speaker 1: Donald Trump showed up over the week enda rally for 493 00:27:00,840 --> 00:27:04,080 Speaker 1: his endorsed candidates. There get a taste of the former president. 494 00:27:04,880 --> 00:27:09,520 Speaker 1: The Biden disasters are too numerous account but inflation is 495 00:27:09,520 --> 00:27:14,640 Speaker 1: the highest in nearly fifty years. Gas prices have reached 496 00:27:14,920 --> 00:27:18,359 Speaker 1: the highest price ever in the history of our country, 497 00:27:18,480 --> 00:27:22,000 Speaker 1: destroying families. You know when you have gas prices that 498 00:27:22,160 --> 00:27:25,520 Speaker 1: this this is like the biggest tax create increase ever 499 00:27:26,480 --> 00:27:31,560 Speaker 1: proposed or enacted. Times three. That's what it's like. That's 500 00:27:31,560 --> 00:27:35,119 Speaker 1: how bad the gasola is affecting families. Not to mention 501 00:27:35,160 --> 00:27:39,200 Speaker 1: your electric costs and everything else. Grocery prices are skyrocket 502 00:27:39,200 --> 00:27:41,200 Speaker 1: and get the baby, and you can't even find baby 503 00:27:41,200 --> 00:27:44,960 Speaker 1: formula to feed your infant. See Okay, now he could 504 00:27:45,000 --> 00:27:47,919 Speaker 1: have said that in any state. And that's kind of 505 00:27:47,960 --> 00:27:51,080 Speaker 1: the point, right that's the laundry list right now. The 506 00:27:51,119 --> 00:27:53,480 Speaker 1: Democrats have to deal with in every one of these 507 00:27:53,600 --> 00:27:56,280 Speaker 1: races that we're talking about, or at least will in 508 00:27:56,320 --> 00:27:58,919 Speaker 1: the general in some cases it will help decide the 509 00:27:58,920 --> 00:28:02,120 Speaker 1: primaries as well. But getting a real sense of this 510 00:28:02,200 --> 00:28:05,840 Speaker 1: narrative here is we connect the dots nationally. The situation 511 00:28:05,840 --> 00:28:08,359 Speaker 1: in Pennsylvania, though especially, we want to assemble the panel. 512 00:28:08,440 --> 00:28:10,720 Speaker 1: Reassemble the panel with Rick and Genie to at least 513 00:28:10,760 --> 00:28:13,240 Speaker 1: start there and try to get through as many of 514 00:28:13,280 --> 00:28:16,760 Speaker 1: these as we can. Rick Davis, You've run enough campaigns 515 00:28:16,760 --> 00:28:19,320 Speaker 1: to to understand what's going on behind the scenes of 516 00:28:19,320 --> 00:28:22,920 Speaker 1: the Fetterman camp. Right now, you're the lieutenant governor of Pennsylvania. 517 00:28:22,960 --> 00:28:25,679 Speaker 1: You've run before, you know the game. You get a 518 00:28:25,720 --> 00:28:28,240 Speaker 1: stroke the weekend before the primary. What does that mean 519 00:28:28,320 --> 00:28:31,280 Speaker 1: for his chances? If anything? You know, I think he's 520 00:28:31,320 --> 00:28:34,280 Speaker 1: locked in his vote. Uh, Pennsylvania is not a big 521 00:28:34,280 --> 00:28:36,399 Speaker 1: early voting stage, so it's not like he's locked it 522 00:28:36,440 --> 00:28:39,600 Speaker 1: in by already having a lot of early voters. But um, 523 00:28:39,720 --> 00:28:42,120 Speaker 1: you know, people have a pretty good impression of him. 524 00:28:42,200 --> 00:28:45,080 Speaker 1: And i'd say his video that he released as you 525 00:28:45,200 --> 00:28:48,840 Speaker 1: described it, with his wife basically taking credit for his health, 526 00:28:48,920 --> 00:28:51,000 Speaker 1: which I think she ought to be on the ballot, 527 00:28:51,040 --> 00:28:54,239 Speaker 1: not him. Um, you know, he's he's probably locked in. 528 00:28:54,280 --> 00:28:56,880 Speaker 1: You know, Mondays before Tuesday election are always my favorite 529 00:28:56,920 --> 00:29:00,160 Speaker 1: day because there's really nothing for the campaign to do. 530 00:29:00,160 --> 00:29:03,040 Speaker 1: Doesn't have to raise any new money, homework on new ads, 531 00:29:03,040 --> 00:29:05,240 Speaker 1: homework's done, so it's all about turning out the vote. 532 00:29:05,320 --> 00:29:07,880 Speaker 1: And and he's had anywhere from a thirty to thirty 533 00:29:08,000 --> 00:29:12,479 Speaker 1: nine uh advantage, and so it literally doesn't matter if 534 00:29:12,480 --> 00:29:13,959 Speaker 1: he's in a hospital, but he doesn't have to. If 535 00:29:13,960 --> 00:29:16,280 Speaker 1: he can turn out his vote that he's identified, he'll 536 00:29:16,320 --> 00:29:18,560 Speaker 1: be fine. You make it this, Genie, if you're the 537 00:29:18,600 --> 00:29:20,800 Speaker 1: Democrat on the other side, he can't can't make an 538 00:29:20,840 --> 00:29:24,080 Speaker 1: issue out of his health, now, No, you can't, Um 539 00:29:24,440 --> 00:29:26,720 Speaker 1: And you know we all wish him well. And it 540 00:29:26,880 --> 00:29:29,720 Speaker 1: is stunning when you just listen to Greg talk about 541 00:29:29,800 --> 00:29:33,080 Speaker 1: Chris van Holland, you know Luhan and now Federman, all 542 00:29:33,120 --> 00:29:35,840 Speaker 1: these young men and with a Senate this title, it's 543 00:29:35,880 --> 00:29:39,680 Speaker 1: it's absolutely very scary. Um And and of course Greg's 544 00:29:39,720 --> 00:29:43,040 Speaker 1: peace on the race is amazing, the best rundown I've 545 00:29:43,040 --> 00:29:45,360 Speaker 1: read on all that. There's a lot there. Actually, it's 546 00:29:45,400 --> 00:29:47,600 Speaker 1: worth saying that, Genie, and and appreciate your saying that 547 00:29:47,640 --> 00:29:49,640 Speaker 1: you've got all of the states in play here and 548 00:29:49,640 --> 00:29:51,800 Speaker 1: a lot of races that aren't on people's radars. If 549 00:29:51,800 --> 00:29:54,440 Speaker 1: you're on the terminal, check it out. Condor Lamb though, Genie, 550 00:29:54,720 --> 00:30:00,000 Speaker 1: Malcolm kenyatam opportunity or No, you can't do that in politics. 551 00:30:00,120 --> 00:30:03,680 Speaker 1: You can't do that. And you know Connor Lamb has 552 00:30:03,720 --> 00:30:06,560 Speaker 1: just not been able to make a case. He he 553 00:30:06,760 --> 00:30:09,160 Speaker 1: is somebody who showed a lot of promise a few 554 00:30:09,240 --> 00:30:15,120 Speaker 1: years ago. But Fetterman has absolutely won the game on authenticity. 555 00:30:15,320 --> 00:30:17,959 Speaker 1: He has shown, um, and you were talking about this, 556 00:30:18,040 --> 00:30:20,840 Speaker 1: that he is a fighter, that that is what he 557 00:30:20,920 --> 00:30:23,200 Speaker 1: is going to do for the people of Pennsylvania. And 558 00:30:23,240 --> 00:30:25,840 Speaker 1: I think, you know, on both sides of these races, 559 00:30:25,960 --> 00:30:28,840 Speaker 1: that's what people are looking for. And that's why I 560 00:30:28,880 --> 00:30:31,960 Speaker 1: think in part Kathy Barnett has resonated with with so 561 00:30:32,080 --> 00:30:36,160 Speaker 1: many Republican primary goers as well. It's this issue of authenticity, 562 00:30:36,240 --> 00:30:38,680 Speaker 1: It's this issue of being a fighter, and that's what 563 00:30:38,720 --> 00:30:41,600 Speaker 1: Fetterman does. And Lamb, you know, especially in the next 564 00:30:41,640 --> 00:30:44,400 Speaker 1: twenty four hours, he can't surmount that. I don't see 565 00:30:44,400 --> 00:30:46,760 Speaker 1: any way. And for Democrats, you hear a lot of 566 00:30:46,800 --> 00:30:49,680 Speaker 1: Democrats across the country who say Fetterman is really showing 567 00:30:49,680 --> 00:30:53,760 Speaker 1: other Democrats how they can do this in these purple states. 568 00:30:53,760 --> 00:30:56,920 Speaker 1: So you know, I think he is a very promising candidate, 569 00:30:57,200 --> 00:31:00,959 Speaker 1: you know, hopefully a healthy candidate as well. So goatee 570 00:31:01,280 --> 00:31:05,400 Speaker 1: shorts hoodie, is that a genie? That's the recipe? That 571 00:31:05,560 --> 00:31:07,440 Speaker 1: is it? We want to see you in that Joe 572 00:31:07,520 --> 00:31:13,120 Speaker 1: Matthew out in the campaign Termorrow Night, Tomorrow Night Chamber Dinner. Hey, Rick, 573 00:31:13,760 --> 00:31:15,640 Speaker 1: we haven't really had a lot of time to talk 574 00:31:15,680 --> 00:31:19,360 Speaker 1: with you about Kathy Barnett. Wouldn't let reporters into the 575 00:31:19,440 --> 00:31:24,040 Speaker 1: rallies over the weekend, being questioned openly by her challengers, 576 00:31:24,400 --> 00:31:29,360 Speaker 1: not able to answer every question on Fox News Sunday yesterday. 577 00:31:29,760 --> 00:31:32,600 Speaker 1: Is she gonna go down as a spoiler here? She 578 00:31:32,600 --> 00:31:35,280 Speaker 1: could be a spoiler, She could also be the winner. 579 00:31:35,520 --> 00:31:41,000 Speaker 1: And you know her, Her trajectory has been so fast 580 00:31:41,080 --> 00:31:43,800 Speaker 1: and so furious that the public hasn't really had to 581 00:31:43,840 --> 00:31:45,800 Speaker 1: catch up with her. She is a place where you 582 00:31:45,800 --> 00:31:49,400 Speaker 1: park your vote because you've gotten a dislike both Memodaz 583 00:31:49,440 --> 00:31:52,479 Speaker 1: and David McCormick, because they told you to dislike each other, right. 584 00:31:52,480 --> 00:31:55,240 Speaker 1: They beat each other up so bad for the last 585 00:31:55,280 --> 00:31:57,800 Speaker 1: six months that that voters are like, Okay, I don't 586 00:31:57,800 --> 00:31:59,480 Speaker 1: like either one of those guys, so I'm just gonna 587 00:31:59,480 --> 00:32:01,720 Speaker 1: park my it on her. And so it's not like 588 00:32:01,840 --> 00:32:04,680 Speaker 1: people are jumping on her bandwagon because they think she's 589 00:32:04,720 --> 00:32:07,040 Speaker 1: so great. They think these other guys are so bad 590 00:32:07,520 --> 00:32:09,080 Speaker 1: that they just want to have someone who they can 591 00:32:09,120 --> 00:32:12,120 Speaker 1: before and the story is compelling. She might not be 592 00:32:12,160 --> 00:32:15,040 Speaker 1: able to deliver the goods, but it's kind of baked 593 00:32:15,040 --> 00:32:17,560 Speaker 1: into the equation by now right, people are gonna show up. 594 00:32:17,800 --> 00:32:21,720 Speaker 1: Republicans are election day voters in Pennsylvania, and uh and 595 00:32:21,720 --> 00:32:23,720 Speaker 1: and and so we're not going to know, there's not 596 00:32:23,800 --> 00:32:25,800 Speaker 1: a lot of It will not be difficult, phil Rick 597 00:32:25,840 --> 00:32:28,200 Speaker 1: for Democrats to frame her as extreme. I mean, if 598 00:32:28,200 --> 00:32:33,520 Speaker 1: you're if you're as a mainstream Republican successful general candidate, No, 599 00:32:33,680 --> 00:32:36,320 Speaker 1: it's a disaster. Um. You know, she's not going to 600 00:32:36,400 --> 00:32:40,600 Speaker 1: have the financial resources to redefine herself. They are her 601 00:32:40,640 --> 00:32:44,800 Speaker 1: candidates against her, McCormick and oz or unloading enormous amount 602 00:32:44,800 --> 00:32:48,480 Speaker 1: of advertising this weekend against her. So she's gonna run 603 00:32:48,560 --> 00:32:50,960 Speaker 1: up her negatives. Um, question is can they do it 604 00:32:51,000 --> 00:32:53,200 Speaker 1: fast enough? And and look, this is part of the 605 00:32:53,240 --> 00:32:56,600 Speaker 1: problem with having these kind of contested primers, where both 606 00:32:56,640 --> 00:32:59,000 Speaker 1: their strategies McCormick and oz were to go out hard 607 00:32:59,040 --> 00:33:02,080 Speaker 1: and heavy early with all their own TV you know, 608 00:33:02,160 --> 00:33:05,280 Speaker 1: a lot of big money, just beating each other up 609 00:33:05,320 --> 00:33:09,440 Speaker 1: and not really selling themselves to the Pennsylvania public. And 610 00:33:09,840 --> 00:33:12,680 Speaker 1: neither one of them were well known other than their reputations, 611 00:33:13,200 --> 00:33:16,160 Speaker 1: they didn't earn any kind of votes yet, and and 612 00:33:16,200 --> 00:33:20,320 Speaker 1: so it's the danger of running a negative campaign. And 613 00:33:20,480 --> 00:33:22,280 Speaker 1: you know, they both thought they could take each other 614 00:33:22,360 --> 00:33:25,440 Speaker 1: out and the winner would be the nominee. And here 615 00:33:25,480 --> 00:33:31,480 Speaker 1: comes Kathy Barnett. So that that's the advice so far, 616 00:33:32,520 --> 00:33:36,240 Speaker 1: the Barnett campaign. So the money doesn't necessarily speak when 617 00:33:36,240 --> 00:33:38,360 Speaker 1: it comes to politics. There are a lot of billionaires 618 00:33:38,400 --> 00:33:44,480 Speaker 1: who didn't get elected. Well, how true, Uh, Madison Cawthorne, Genie, 619 00:33:44,520 --> 00:33:46,239 Speaker 1: we haven't really had a chance to get into him 620 00:33:46,280 --> 00:33:49,480 Speaker 1: outside of scandal, but he's got a primary as well. 621 00:33:49,720 --> 00:33:53,640 Speaker 1: Could he be a one term congressman? Oh, he absolutely could. 622 00:33:53,680 --> 00:33:56,920 Speaker 1: I mean the amount of scandal that he has brought 623 00:33:57,000 --> 00:34:00,600 Speaker 1: on himself. And you know that's why you get you know, 624 00:34:00,720 --> 00:34:05,479 Speaker 1: more mainstream and established Republicans endorsing his opponents. And of 625 00:34:05,520 --> 00:34:09,160 Speaker 1: course the biggest thing that Clawthorne did was switching districts 626 00:34:09,160 --> 00:34:11,719 Speaker 1: and then switching back. I mean, you know that is 627 00:34:11,760 --> 00:34:14,120 Speaker 1: a you know, an unforced error, if you will. But 628 00:34:14,480 --> 00:34:17,120 Speaker 1: not to mention driving, you know, being caught driving without 629 00:34:17,120 --> 00:34:20,320 Speaker 1: a license, you know, getting guns confiscated. Not to mention 630 00:34:20,360 --> 00:34:23,080 Speaker 1: the videos, the pictures, I won't I won't go into 631 00:34:23,120 --> 00:34:26,240 Speaker 1: that A nice a nice show like this Joe Matthew. 632 00:34:26,280 --> 00:34:29,920 Speaker 1: But yeah, but you know so so Clawthorne is one 633 00:34:29,920 --> 00:34:31,880 Speaker 1: of these candidates that you know, he gets a lot 634 00:34:31,960 --> 00:34:36,000 Speaker 1: of name recognition, he can raise money, he says outrageous things, 635 00:34:36,360 --> 00:34:39,560 Speaker 1: not unlike to a certain extent, Kathy Barnett. You know 636 00:34:39,800 --> 00:34:42,440 Speaker 1: a lot of people comparing Kathy Barnett, and you know, 637 00:34:42,680 --> 00:34:45,080 Speaker 1: you could say this about Madison Crowthorne potentially as like 638 00:34:45,120 --> 00:34:49,200 Speaker 1: the Christine O'Donnell of their day. You know, electability matters, 639 00:34:49,400 --> 00:34:51,880 Speaker 1: not maybe as much in a primary, but in a 640 00:34:51,960 --> 00:34:54,400 Speaker 1: general election. And you know, I fear that one of 641 00:34:54,440 --> 00:34:56,920 Speaker 1: the lessons Republicans took away from Trump's win is it 642 00:34:56,960 --> 00:35:00,600 Speaker 1: doesn't matter. But it does. And this is what Republicans 643 00:35:00,640 --> 00:35:02,760 Speaker 1: have to fear as they wake up on Wednesday morning 644 00:35:03,000 --> 00:35:07,560 Speaker 1: with candidates that potentially can't win in November and Democrats, 645 00:35:07,600 --> 00:35:10,160 Speaker 1: you know, celebrating that in this year where they should 646 00:35:10,200 --> 00:35:13,200 Speaker 1: be doing very badly, may have a shot because of 647 00:35:13,239 --> 00:35:17,240 Speaker 1: these candidates. Rick, what's the quiet talk amongst Republicans about 648 00:35:17,239 --> 00:35:20,680 Speaker 1: Madison Cawthorne. Uh? Is he gonna have a bad day tomorrow? 649 00:35:20,680 --> 00:35:22,960 Speaker 1: I mean, this has just been one after every day, 650 00:35:22,960 --> 00:35:26,040 Speaker 1: there's another video, there's another story, some of these videos 651 00:35:26,040 --> 00:35:29,239 Speaker 1: he's made himselves himself that have been self indicting. Yeah, 652 00:35:29,280 --> 00:35:33,400 Speaker 1: it's it's really embarrassing to most of the GOP leaders 653 00:35:33,400 --> 00:35:35,879 Speaker 1: on Capitol Hill that I've talked to, and and and look, 654 00:35:35,920 --> 00:35:38,600 Speaker 1: I mean, there's a thirty percent threshold that you've got 655 00:35:38,600 --> 00:35:41,879 Speaker 1: to get over to avoid a runoff, and everybody I've 656 00:35:41,920 --> 00:35:44,080 Speaker 1: talked to is holding their breath that he gets to 657 00:35:44,160 --> 00:35:48,120 Speaker 1: twenty nine um and and which would be a pretty 658 00:35:48,120 --> 00:35:51,440 Speaker 1: low bar for an incumbent. But he has distinguished himself 659 00:35:52,280 --> 00:35:56,000 Speaker 1: in the category of of sheer embarrassment and uh, in 660 00:35:56,040 --> 00:35:57,839 Speaker 1: the leadership one him out. I mean, he's the one 661 00:35:57,880 --> 00:36:01,160 Speaker 1: saying that Republicans have been in fighting him to orgies 662 00:36:01,200 --> 00:36:05,279 Speaker 1: and all this madness. I don't think. I don't think 663 00:36:05,360 --> 00:36:08,080 Speaker 1: leadership is the one really sponsoring those orgies. I would 664 00:36:08,080 --> 00:36:10,759 Speaker 1: think not. They want responsible at people who they can 665 00:36:11,080 --> 00:36:13,239 Speaker 1: show up in public with and and so yeah, I 666 00:36:13,239 --> 00:36:15,320 Speaker 1: mean I think I think this is this is something 667 00:36:15,320 --> 00:36:17,440 Speaker 1: that they're hoped for. You know, there's a state Senator 668 00:36:17,520 --> 00:36:21,239 Speaker 1: Chuck Edwards, who uh Senator Tillis has been backing. Uh, 669 00:36:21,360 --> 00:36:24,360 Speaker 1: you know, he's more the establishment Republican figure in the 670 00:36:24,400 --> 00:36:26,759 Speaker 1: state of North Carolina and certainly purports to be that 671 00:36:27,160 --> 00:36:30,000 Speaker 1: you know in the United States Senate. So there are options. 672 00:36:30,239 --> 00:36:33,839 Speaker 1: And I think that um, maybe too young and and 673 00:36:33,880 --> 00:36:36,640 Speaker 1: maybe too green in the political process, but um, if 674 00:36:36,680 --> 00:36:40,080 Speaker 1: he gets to over thirty, uh, he could wind up 675 00:36:40,520 --> 00:36:43,600 Speaker 1: making it through. So I think this was one to watch. 676 00:36:43,840 --> 00:36:46,480 Speaker 1: It's um, it's not one of these that are going 677 00:36:46,560 --> 00:36:50,279 Speaker 1: to be compared to Donald Trump versus mainstream Republicans. This 678 00:36:50,360 --> 00:36:53,200 Speaker 1: is just a guy who is really bombed and and 679 00:36:53,320 --> 00:36:57,000 Speaker 1: Kenny actually get reelected again. This is the eleventh districts 680 00:36:57,040 --> 00:37:00,520 Speaker 1: North Carolina. He has seven primary opponents. If you curious 681 00:37:00,520 --> 00:37:04,040 Speaker 1: about the future political career, Maddest Cawthorne, that's where that is. 682 00:37:04,360 --> 00:37:08,320 Speaker 1: He mentioned Trump, Genie. Uh, this could be a difficult 683 00:37:08,440 --> 00:37:11,480 Speaker 1: night for him tomorrow. Now, it really could be. And 684 00:37:11,520 --> 00:37:14,120 Speaker 1: you know, just briefly on Cawthorne, let's look at how 685 00:37:14,120 --> 00:37:16,600 Speaker 1: difficult it is as an incumbent to lose in the House. 686 00:37:16,640 --> 00:37:19,160 Speaker 1: I mean, the reelection rate is astonishing. It's you know, 687 00:37:19,280 --> 00:37:22,759 Speaker 1: historically about nine out of ten incumbents reelected, so to 688 00:37:23,000 --> 00:37:25,719 Speaker 1: lose is pretty tough to do if he does that. 689 00:37:25,960 --> 00:37:28,120 Speaker 1: But on your point, about Trump. Of course, this is 690 00:37:28,160 --> 00:37:31,600 Speaker 1: a big night for Trump. He may suffer some losses, 691 00:37:31,680 --> 00:37:33,920 Speaker 1: and if he suffers the loss of OZ, that's going 692 00:37:33,960 --> 00:37:36,560 Speaker 1: to be a big one for him, the loss of OZ. 693 00:37:36,600 --> 00:37:38,719 Speaker 1: And thanks to Jennie for reminding us this is a 694 00:37:38,760 --> 00:37:42,000 Speaker 1: family program. I felt pretty good about that. We'll meet 695 00:37:42,000 --> 00:37:44,680 Speaker 1: back here tomorrow and do it again for Rick Davis, 696 00:37:44,719 --> 00:37:49,120 Speaker 1: Jeannie Chanzano. I'm Joe Matthew in Boston and the fastest 697 00:37:49,160 --> 00:37:52,000 Speaker 1: hour in politics. We'll do it again tomorrow. I'm Joe Matthew. 698 00:37:52,120 --> 00:37:53,120 Speaker 1: This is Bloomberg