Speaker 1: So this has certainly become the focal point for everyone
Speaker 1: right now. Reports coming from uh the New York Times
Speaker 1: that President Trump has decided to remove Anthony Scaramucci from
Speaker 1: his position as communications director. Three people close to the
Speaker 1: decision saying today, apparently, maybe actions do have consequences. Alex
Speaker 1: Wayne Bloomberg News White House team leader at our bureau
Speaker 1: in the Nation's capital. Um, Alex, I do I teach
Speaker 1: my fourteen year old that actions do have consequences. It
Speaker 1: seems like that may hold true too for the uh,
Speaker 1: what seems to be maybe now the former communications director,
Speaker 1: he appears to have been held accountable for an intemperate
Speaker 1: interview with The New Yorker last week and which in
Speaker 1: which he profanely criticized Ryan's previous and Stephen Bannon. Uh
Speaker 1: kind of wild. I was talking to Margaretell of Bloomberg
Speaker 1: News as well, just a moment ago, and I said,
Speaker 1: but wait a minute. Wasn't Anthony Scaramucci in many ways
Speaker 1: kind of carrying water for President Trump in terms of
Speaker 1: maybe getting rid of Ryan's previous. I think he was,
Speaker 1: But he crossed the line with that interview with The
Speaker 1: New Yorker. I think he just he just can't use
Speaker 1: language like that as a as a White House official publicly.
Speaker 1: I mean, it's it was a major mistake. I don't
Speaker 1: I don't know exactly what happened in his interactions with
Speaker 1: that reporter, but he surely knew better than to say
Speaker 1: those kinds of things to it to a journalist. How
Speaker 1: important is the communications director role to the White House?
Speaker 1: Usually it's a very important job, and and it's usually
Speaker 1: handled in a in a very different way than than
Speaker 1: Scarmucci appeared to be approaching it. He was hired essentially
Speaker 1: to go in television and talk about how great the
Speaker 1: president is. Generally, the communications directors are more behind the
Speaker 1: scenes role. You're working on long, long term messaging strategy
Speaker 1: for the president's policies and and strategies take to get
Speaker 1: his legislative agenda enacted. Um, that's not at all what
Speaker 1: Scarmuti was hired to do as far as we can tell.
Speaker 1: All Right, John Kelly now the new White House Chief
Speaker 1: of staff. What do you expect from him? What does
Speaker 1: everybody kind of expect with him? And will he truly
Speaker 1: have the President's here? Well? The Times is reporting that
Speaker 1: he recommended that scarmuche to be fired so I think
Speaker 1: his impact has already been seen. Uh he he. We
Speaker 1: believe he was hired to bring some order to a
Speaker 1: White House that has often appeared to be chaotic. Um,
Speaker 1: and that may be happening already. I try to kind
Speaker 1: of understand. I mean, the President must have known what
Speaker 1: he was getting in Anthony Scaramucci, or did he not?
Speaker 1: You know, I think he. I think the problem here
Speaker 1: is is really that New Yorker interview. Um. I don't.
Speaker 1: I don't think Trump had any problem with anything Scarmuchi
Speaker 1: was doing up until that New Yorker interview, and then
Speaker 1: there was a big problem. Um. But yeah, he he
Speaker 1: did know exactly what was getting. He was getting a
Speaker 1: he wanted a he wanted a salesman for his for
Speaker 1: his policies and for his his his his positions, um.
Speaker 1: And and that's what he thought he was bringing on board.
Speaker 1: He I think he didn't realize that scarmuci would be
Speaker 1: um so naive really um and careless as to behave
Speaker 1: that way with a reporter. You know. I think no
Speaker 1: matter what side of the political aisle you sit on,
Speaker 1: I think most Americans would like to see most corporations
Speaker 1: would like to see some advancement on some of the
Speaker 1: Trump administration and initiatives, whether it's healthcare, whether it's tax
Speaker 1: or form in particular infrastructure spending. Are we likely to
Speaker 1: see the White House settled down so that there can
Speaker 1: be some advancement on some of those issues. That's a
Speaker 1: great question. I just I just don't know the answer there.
Speaker 1: There's they've had such trouble with Congress, and it's really
Speaker 1: I mean, it really comes down to the President himself.
Speaker 1: You know, when he when he spends the weekend threatening
Speaker 1: Congress that he's going to take away their healthcare if
Speaker 1: they don't pass an Obamacare appeal bill. But that doesn't
Speaker 1: help his relationship. UM. So you know John Kelly's, Um,
Speaker 1: John Kelly's powers are limited. He can he can settle
Speaker 1: things down in the White House. As far as getting
Speaker 1: Congress moving on things that that really falls to the president. UM.
Speaker 1: One last question, Uh, you know, I feel like we
Speaker 1: just crossed another one the list and we move on.
Speaker 1: We've at gotten kind of used to the revolving door
Speaker 1: already to some extent in the White House. What what's
Speaker 1: important that investors understand about what's going on right now
Speaker 1: with this change. It doesn't seem like the stock market
Speaker 1: is really that concerned about what's going on in the
Speaker 1: White House. Although you know, people people tell me I'm not,
Speaker 1: I'm not. This is my expertise, stall that people tell
Speaker 1: me that that investors are really inflating the market based
Speaker 1: on expectation of a of a tax cut. Um, I
Speaker 1: would I would be more cautious if I were, if
Speaker 1: I were an investor. I think I am not certain
Speaker 1: at all there's gonna be any kind of a big
Speaker 1: tax cut. Yeah, there's an interesting story that actually, uh,
Speaker 1: corporate executives care more about what Amazon's doing and what
Speaker 1: they might do to their business rather than what Mr
Speaker 1: Trump is doing in the White House. It's it's kind
Speaker 1: of fascinating, alex Wayne, thank you for getting us up
Speaker 1: to speed. Bloomberg News White House team leader joining us
Speaker 1: from our bureau in the nation's capital. This is Bloomberg