WEBVTT - Alex Wayne on Scaramucci (Audio)

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<v Speaker 1>So this has certainly become the focal point for everyone

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<v Speaker 1>right now. Reports coming from uh the New York Times

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<v Speaker 1>that President Trump has decided to remove Anthony Scaramucci from

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<v Speaker 1>his position as communications director. Three people close to the

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<v Speaker 1>decision saying today, apparently, maybe actions do have consequences. Alex

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<v Speaker 1>Wayne Bloomberg News White House team leader at our bureau

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<v Speaker 1>in the Nation's capital. Um, Alex, I do I teach

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<v Speaker 1>my fourteen year old that actions do have consequences. It

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<v Speaker 1>seems like that may hold true too for the uh,

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<v Speaker 1>what seems to be maybe now the former communications director,

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<v Speaker 1>he appears to have been held accountable for an intemperate

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<v Speaker 1>interview with The New Yorker last week and which in

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<v Speaker 1>which he profanely criticized Ryan's previous and Stephen Bannon. Uh

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<v Speaker 1>kind of wild. I was talking to Margaretell of Bloomberg

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<v Speaker 1>News as well, just a moment ago, and I said,

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<v Speaker 1>but wait a minute. Wasn't Anthony Scaramucci in many ways

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<v Speaker 1>kind of carrying water for President Trump in terms of

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<v Speaker 1>maybe getting rid of Ryan's previous. I think he was,

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<v Speaker 1>But he crossed the line with that interview with The

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<v Speaker 1>New Yorker. I think he just he just can't use

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<v Speaker 1>language like that as a as a White House official publicly.

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<v Speaker 1>I mean, it's it was a major mistake. I don't

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<v Speaker 1>I don't know exactly what happened in his interactions with

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<v Speaker 1>that reporter, but he surely knew better than to say

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<v Speaker 1>those kinds of things to it to a journalist. How

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<v Speaker 1>important is the communications director role to the White House?

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<v Speaker 1>Usually it's a very important job, and and it's usually

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<v Speaker 1>handled in a in a very different way than than

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<v Speaker 1>Scarmucci appeared to be approaching it. He was hired essentially

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<v Speaker 1>to go in television and talk about how great the

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<v Speaker 1>president is. Generally, the communications directors are more behind the

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<v Speaker 1>scenes role. You're working on long, long term messaging strategy

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<v Speaker 1>for the president's policies and and strategies take to get

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<v Speaker 1>his legislative agenda enacted. Um, that's not at all what

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<v Speaker 1>Scarmuti was hired to do as far as we can tell.

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<v Speaker 1>All Right, John Kelly now the new White House Chief

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<v Speaker 1>of staff. What do you expect from him? What does

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<v Speaker 1>everybody kind of expect with him? And will he truly

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<v Speaker 1>have the President's here? Well? The Times is reporting that

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<v Speaker 1>he recommended that scarmuche to be fired so I think

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<v Speaker 1>his impact has already been seen. Uh he he. We

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<v Speaker 1>believe he was hired to bring some order to a

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<v Speaker 1>White House that has often appeared to be chaotic. Um,

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<v Speaker 1>and that may be happening already. I try to kind

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<v Speaker 1>of understand. I mean, the President must have known what

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<v Speaker 1>he was getting in Anthony Scaramucci, or did he not?

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<v Speaker 1>You know, I think he. I think the problem here

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<v Speaker 1>is is really that New Yorker interview. Um. I don't.

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<v Speaker 1>I don't think Trump had any problem with anything Scarmuchi

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<v Speaker 1>was doing up until that New Yorker interview, and then

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<v Speaker 1>there was a big problem. Um. But yeah, he he

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<v Speaker 1>did know exactly what was getting. He was getting a

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<v Speaker 1>he wanted a he wanted a salesman for his for

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<v Speaker 1>his policies and for his his his his positions, um.

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<v Speaker 1>And and that's what he thought he was bringing on board.

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<v Speaker 1>He I think he didn't realize that scarmuci would be

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<v Speaker 1>um so naive really um and careless as to behave

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<v Speaker 1>that way with a reporter. You know. I think no

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<v Speaker 1>matter what side of the political aisle you sit on,

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<v Speaker 1>I think most Americans would like to see most corporations

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<v Speaker 1>would like to see some advancement on some of the

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<v Speaker 1>Trump administration and initiatives, whether it's healthcare, whether it's tax

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<v Speaker 1>or form in particular infrastructure spending. Are we likely to

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<v Speaker 1>see the White House settled down so that there can

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<v Speaker 1>be some advancement on some of those issues. That's a

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<v Speaker 1>great question. I just I just don't know the answer there.

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<v Speaker 1>There's they've had such trouble with Congress, and it's really

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<v Speaker 1>I mean, it really comes down to the President himself.

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<v Speaker 1>You know, when he when he spends the weekend threatening

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<v Speaker 1>Congress that he's going to take away their healthcare if

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<v Speaker 1>they don't pass an Obamacare appeal bill. But that doesn't

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<v Speaker 1>help his relationship. UM. So you know John Kelly's, Um,

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<v Speaker 1>John Kelly's powers are limited. He can he can settle

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<v Speaker 1>things down in the White House. As far as getting

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<v Speaker 1>Congress moving on things that that really falls to the president. UM.

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<v Speaker 1>One last question, Uh, you know, I feel like we

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<v Speaker 1>just crossed another one the list and we move on.

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<v Speaker 1>We've at gotten kind of used to the revolving door

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<v Speaker 1>already to some extent in the White House. What what's

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<v Speaker 1>important that investors understand about what's going on right now

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<v Speaker 1>with this change. It doesn't seem like the stock market

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<v Speaker 1>is really that concerned about what's going on in the

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<v Speaker 1>White House. Although you know, people people tell me I'm not,

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<v Speaker 1>I'm not. This is my expertise, stall that people tell

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<v Speaker 1>me that that investors are really inflating the market based

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<v Speaker 1>on expectation of a of a tax cut. Um, I

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<v Speaker 1>would I would be more cautious if I were, if

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<v Speaker 1>I were an investor. I think I am not certain

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<v Speaker 1>at all there's gonna be any kind of a big

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<v Speaker 1>tax cut. Yeah, there's an interesting story that actually, uh,

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<v Speaker 1>corporate executives care more about what Amazon's doing and what

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<v Speaker 1>they might do to their business rather than what Mr

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<v Speaker 1>Trump is doing in the White House. It's it's kind

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<v Speaker 1>of fascinating, alex Wayne, thank you for getting us up

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<v Speaker 1>to speed. Bloomberg News White House team leader joining us

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<v Speaker 1>from our bureau in the nation's capital. This is Bloomberg