1 00:00:00,520 --> 00:00:03,240 Speaker 1: Live from our nation's came this budget thing is going 2 00:00:03,279 --> 00:00:06,120 Speaker 1: to do nothing spaceports. I still think it's interesting President 3 00:00:06,160 --> 00:00:09,840 Speaker 1: Trump not playing his cards yet. Headlines Policy and Politics 4 00:00:09,880 --> 00:00:15,160 Speaker 1: colliding to Bloomberg sound On, the insidings, the influencers, the insides. 5 00:00:15,280 --> 00:00:17,520 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,520 --> 00:00:20,680 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,680 --> 00:00:24,240 Speaker 1: than you really have a divide within Trump. The President 8 00:00:24,320 --> 00:00:26,520 Speaker 1: has to do exactly what people sent him here to do, 9 00:00:26,560 --> 00:00:29,800 Speaker 1: which is to get it done. This is Bloomberg Sound 10 00:00:29,840 --> 00:00:33,520 Speaker 1: On with Kevin Shirley on Bloomberg and D nine one 11 00:00:33,680 --> 00:00:38,640 Speaker 1: and five point two. President Trump invites tech companies to 12 00:00:38,720 --> 00:00:43,159 Speaker 1: discuss violent extremism. This is the President having traveled to 13 00:00:43,280 --> 00:00:48,000 Speaker 1: Ohio as well as to Texas following the two mask 14 00:00:48,080 --> 00:00:51,599 Speaker 1: on shootings from over the weekend. Still dominating the national 15 00:00:51,680 --> 00:00:55,800 Speaker 1: discourse on both sides of political IDI will cover this 16 00:00:55,880 --> 00:01:01,640 Speaker 1: story from every single angle. Meanwhile, President Trump also going 17 00:01:01,760 --> 00:01:05,560 Speaker 1: in on what's happening on Wall Streets just forty eight 18 00:01:05,560 --> 00:01:11,199 Speaker 1: hours after he has now labeled China as a currency manipulator, 19 00:01:11,200 --> 00:01:15,000 Speaker 1: will dive into the now what of this story? We 20 00:01:15,080 --> 00:01:18,000 Speaker 1: have an all star panel joining us for the hour 21 00:01:18,160 --> 00:01:21,520 Speaker 1: Matt Maers, a former senior White House advisor for the 22 00:01:21,560 --> 00:01:25,040 Speaker 1: State Department and now president of Matt Maers ll l C. 23 00:01:25,760 --> 00:01:29,840 Speaker 1: And Dave Brown, a Democratic strategist and former advisor to 24 00:01:30,000 --> 00:01:33,600 Speaker 1: Senator Patty Murray. Gentlemen, thank you for being here. I 25 00:01:33,640 --> 00:01:37,039 Speaker 1: was at the White House today President Trump as he 26 00:01:37,160 --> 00:01:42,920 Speaker 1: traveled to Ohio and Texas, and there are new developments 27 00:01:42,920 --> 00:01:46,880 Speaker 1: in terms of what precisely the administration is trying to 28 00:01:46,920 --> 00:01:51,480 Speaker 1: accomplish from following the latest two mass shootings in Ohio 29 00:01:51,600 --> 00:01:54,680 Speaker 1: and and in Texas. And that's really what I want 30 00:01:54,720 --> 00:01:59,160 Speaker 1: to focus on, is the policy. Because there's legislation from 31 00:01:59,440 --> 00:02:02,280 Speaker 1: a republic in and a Democrat, Senator Lindsey Graham the 32 00:02:02,280 --> 00:02:07,400 Speaker 1: Republican and Senator Richard Blumenthal at the Democrat about red 33 00:02:07,600 --> 00:02:14,680 Speaker 1: flag laws, about that being potentially a rallying point amongst 34 00:02:14,840 --> 00:02:19,240 Speaker 1: the administration to getting something done. But there now we 35 00:02:19,360 --> 00:02:24,000 Speaker 1: now know are a deal breaker for President Trump, which 36 00:02:24,040 --> 00:02:29,120 Speaker 1: would be a ban on assault weapons. Uh. I want 37 00:02:29,160 --> 00:02:33,880 Speaker 1: to start with Matt in terms of is it feasible 38 00:02:34,080 --> 00:02:38,480 Speaker 1: to get on the calendar when lawmakers return from recess 39 00:02:38,720 --> 00:02:41,800 Speaker 1: if you're son of Majority Leader Mitch McConnell. Uh, will 40 00:02:41,919 --> 00:02:45,000 Speaker 1: this be a part of the September agenda. I think 41 00:02:45,000 --> 00:02:47,320 Speaker 1: you're going to have a discussion on the Hill about 42 00:02:47,360 --> 00:02:49,840 Speaker 1: this UM. I think there's intense interests from both sides 43 00:02:49,840 --> 00:02:51,959 Speaker 1: of the aisle right now to really address them the 44 00:02:52,000 --> 00:02:55,639 Speaker 1: root causes of what has committee led to so many 45 00:02:55,639 --> 00:02:57,840 Speaker 1: of these atrocities. I mean, you look at the fact though, 46 00:02:58,360 --> 00:03:01,200 Speaker 1: that a lot of these laws would not have actually 47 00:03:01,200 --> 00:03:03,960 Speaker 1: prevented a single one of these Max. What would is 48 00:03:04,280 --> 00:03:06,520 Speaker 1: reforming the way in which we approach mental health in 49 00:03:06,560 --> 00:03:09,480 Speaker 1: this country. Another thing that would is I think one 50 00:03:09,480 --> 00:03:11,640 Speaker 1: of the most important things the President said on Monday 51 00:03:11,680 --> 00:03:14,480 Speaker 1: actually when he laid out five different points UM that 52 00:03:14,520 --> 00:03:16,519 Speaker 1: he would like to address to prevent this type of 53 00:03:16,600 --> 00:03:19,640 Speaker 1: violence our society was asking the Department of Justice to 54 00:03:19,680 --> 00:03:22,200 Speaker 1: start working with social media companies to really get to 55 00:03:22,200 --> 00:03:25,680 Speaker 1: the root cause of a lot of these extremist chat 56 00:03:25,800 --> 00:03:27,520 Speaker 1: rooms and other things that lead to a lot of 57 00:03:27,520 --> 00:03:29,600 Speaker 1: this violent extremism. I want to come back to that 58 00:03:29,639 --> 00:03:32,800 Speaker 1: point because actually President Trump inviting big tech to the 59 00:03:32,840 --> 00:03:35,320 Speaker 1: White House and what will cover that coming up. But 60 00:03:35,480 --> 00:03:39,240 Speaker 1: Dave Brown so uh with it with the issue of 61 00:03:39,240 --> 00:03:41,440 Speaker 1: assault weapons bands off the table, I mean is there 62 00:03:41,440 --> 00:03:45,160 Speaker 1: pressure on Speaker Pelosi to No one's gonna be happy, right. 63 00:03:45,200 --> 00:03:47,360 Speaker 1: Reports are gonna say it goes too far. Democrats are 64 00:03:47,360 --> 00:03:49,480 Speaker 1: gonna say it doesn't go far enough. But from the 65 00:03:49,600 --> 00:03:52,880 Speaker 1: Democratic perspective, is their pressure in the month of September 66 00:03:52,960 --> 00:03:57,280 Speaker 1: to get some type of of policy through, uh, given 67 00:03:57,320 --> 00:04:00,320 Speaker 1: these latest to two mass shootings. Well, the how already 68 00:04:00,360 --> 00:04:02,720 Speaker 1: passed a bill in the first hundred days and it's 69 00:04:02,760 --> 00:04:04,920 Speaker 1: sitting in the legislive grade graveyard right now. That is 70 00:04:05,000 --> 00:04:07,080 Speaker 1: MS McConnell's Senate, right, So the pressure is on the 71 00:04:07,120 --> 00:04:10,440 Speaker 1: Senate and specifically on the majority leader, and it's on 72 00:04:10,520 --> 00:04:12,680 Speaker 1: him to decide whether or not he wants to put 73 00:04:12,880 --> 00:04:15,160 Speaker 1: his muscle behind any kind of package. Then that can 74 00:04:15,240 --> 00:04:18,440 Speaker 1: overcome a sixty vote threshold because that's the votes that 75 00:04:18,480 --> 00:04:23,000 Speaker 1: you need for a filibuster. So, you know, Lindsay Graham, Blumenthal, others, 76 00:04:23,160 --> 00:04:25,640 Speaker 1: great that they're talking, but until there's actually a viable 77 00:04:25,720 --> 00:04:28,440 Speaker 1: legislative strategy to get to sixty McConnell's signal this is 78 00:04:28,480 --> 00:04:31,120 Speaker 1: something he's seriously no, there's no viable path in the Senate. Well, 79 00:04:31,240 --> 00:04:33,840 Speaker 1: yesterday we had on a Republican donor who was urging 80 00:04:33,960 --> 00:04:38,520 Speaker 1: that the Republican Party distanced themselves from the National Rifle Association, 81 00:04:38,600 --> 00:04:43,000 Speaker 1: saying that it would put suburban vote suburban districts at risk. 82 00:04:43,080 --> 00:04:45,080 Speaker 1: And we saw that in the in two thousand and eighteen. 83 00:04:45,839 --> 00:04:50,080 Speaker 1: I'm sorry and and yeah in the midst two thousand nineteen. 84 00:04:50,440 --> 00:04:55,120 Speaker 1: Today is Wednesday, and I'm kevin, but but no, seriously, 85 00:04:55,120 --> 00:04:57,640 Speaker 1: I mean, this is not a laughing matter. But so 86 00:04:57,680 --> 00:05:00,880 Speaker 1: we we There is this conversation and being had in 87 00:05:00,920 --> 00:05:06,120 Speaker 1: conservative circles about the Republican Party's relationship with the National 88 00:05:06,200 --> 00:05:11,200 Speaker 1: Rifle Association. President Trump leaving the White House today earlier, 89 00:05:11,440 --> 00:05:13,200 Speaker 1: take a listen to what he said about whether or 90 00:05:13,240 --> 00:05:16,040 Speaker 1: not he's going to be able to to have to 91 00:05:16,040 --> 00:05:19,520 Speaker 1: to to push the party away from the n R 92 00:05:19,600 --> 00:05:23,680 Speaker 1: Right here, I'll be gave competeful to do things that 93 00:05:23,760 --> 00:05:26,000 Speaker 1: they don't want to be what that means people in job. 94 00:05:26,960 --> 00:05:29,839 Speaker 1: So the issue of universal background checks and that you know, 95 00:05:30,040 --> 00:05:33,520 Speaker 1: I want to pick up on this point because every poll, 96 00:05:33,640 --> 00:05:39,840 Speaker 1: it really truthfully is of American support universal background checks, 97 00:05:39,839 --> 00:05:42,440 Speaker 1: as they say. But I think sometimes in the media 98 00:05:42,520 --> 00:05:45,440 Speaker 1: we oversimplify this issue because when we do it in 99 00:05:45,680 --> 00:05:47,880 Speaker 1: in many ways, I would argue a disservice because if 100 00:05:47,920 --> 00:05:50,320 Speaker 1: everyone agrees on something, and why doesn't it happen. There's 101 00:05:50,360 --> 00:05:55,159 Speaker 1: divide amongst how to enforce universal background checks. And the 102 00:05:55,160 --> 00:05:57,680 Speaker 1: three points that I would focus on. Our number one 103 00:05:58,040 --> 00:06:02,920 Speaker 1: the length of time or background check. Democrats advocate for 104 00:06:02,960 --> 00:06:06,880 Speaker 1: a longer time period for background checks. Republicans argue for 105 00:06:06,960 --> 00:06:09,960 Speaker 1: a shorter period. Then the second point is on the 106 00:06:10,000 --> 00:06:12,720 Speaker 1: issue of where the background checks occur. People forget this. 107 00:06:13,200 --> 00:06:15,960 Speaker 1: People forget this. I mean the gun shows. I mean 108 00:06:16,000 --> 00:06:18,560 Speaker 1: this isn't like you go to to a convention hall 109 00:06:18,560 --> 00:06:21,120 Speaker 1: and there's a bunch of guns. Their secondary markets. I'm 110 00:06:21,160 --> 00:06:23,159 Speaker 1: not using the word black market. I'm using the word 111 00:06:23,240 --> 00:06:28,280 Speaker 1: secondary market where folks drive their cars in largely rural 112 00:06:28,320 --> 00:06:31,840 Speaker 1: America and essentially it looks like a tailgate at a 113 00:06:31,839 --> 00:06:33,480 Speaker 1: football game. And I'm not trying to be funny here, 114 00:06:33,480 --> 00:06:35,159 Speaker 1: but that's what it is. To kind of set the scene, 115 00:06:35,600 --> 00:06:39,279 Speaker 1: and people are reselling family rifles or guns that have 116 00:06:39,320 --> 00:06:41,800 Speaker 1: been in their possession. How do you regulate that? How 117 00:06:41,839 --> 00:06:45,479 Speaker 1: does someone living in rural America get a background check 118 00:06:45,560 --> 00:06:48,000 Speaker 1: at a gun show? And the third point, whence you've 119 00:06:48,000 --> 00:06:50,880 Speaker 1: already alluded to the the issue of mental health, and that's 120 00:06:50,880 --> 00:06:53,760 Speaker 1: where this gets fascinating in this cut, not fascinating. That's 121 00:06:53,760 --> 00:06:57,680 Speaker 1: where this gets even more intricately difficult to navigate in 122 00:06:57,720 --> 00:07:01,520 Speaker 1: this country because how how do you how do you 123 00:07:02,320 --> 00:07:05,839 Speaker 1: navigate if someone has, for example, been prescribed in their 124 00:07:05,920 --> 00:07:08,719 Speaker 1: pre and in the past and antide, are they considered 125 00:07:08,720 --> 00:07:10,920 Speaker 1: mentally ill and whatnot. So that's why this is so 126 00:07:11,000 --> 00:07:13,760 Speaker 1: hard to get through, right, right, and so so I 127 00:07:13,800 --> 00:07:15,800 Speaker 1: think in this debate, along with many others, you know, 128 00:07:15,840 --> 00:07:18,080 Speaker 1: there's a lot of terms thrown around right now. One 129 00:07:18,160 --> 00:07:22,120 Speaker 1: is universal background checks. The fact is for licensed gun purchases, 130 00:07:22,160 --> 00:07:25,280 Speaker 1: you already have universal background checks. Um, you are right, 131 00:07:25,280 --> 00:07:28,080 Speaker 1: you're talking about now, you know, family arms sales, and 132 00:07:28,120 --> 00:07:31,000 Speaker 1: how do you actually regulate that if you repass it? So, 133 00:07:31,480 --> 00:07:33,960 Speaker 1: you know, I think when you start talking about these terms, 134 00:07:33,960 --> 00:07:36,280 Speaker 1: to really break it down to what it means illegally 135 00:07:36,320 --> 00:07:39,160 Speaker 1: and what would it we actually change from a regulatory perspective, 136 00:07:39,320 --> 00:07:41,160 Speaker 1: I think that's where you start getting to the nuances 137 00:07:41,240 --> 00:07:45,240 Speaker 1: of of the actual um um moving the entire you 138 00:07:45,280 --> 00:07:48,680 Speaker 1: know issue forward. Um, I'll throw just one other thing 139 00:07:48,720 --> 00:07:51,120 Speaker 1: back there, though. I mean, the two folks who commit 140 00:07:51,520 --> 00:07:54,760 Speaker 1: shootings over the weekend would have had access to these 141 00:07:54,760 --> 00:07:58,520 Speaker 1: guns even with these background check changes. So I think 142 00:07:58,520 --> 00:08:01,160 Speaker 1: if we're going to discuss how do we prevent violence, 143 00:08:01,160 --> 00:08:03,160 Speaker 1: because that's really what we're talking about, right, this shouldn't 144 00:08:03,120 --> 00:08:04,720 Speaker 1: be an issue about gun control. There should be about 145 00:08:04,720 --> 00:08:07,480 Speaker 1: how do we prevent violence their society and what can 146 00:08:07,520 --> 00:08:10,880 Speaker 1: we do, uh, what can policy makers do to actually 147 00:08:10,880 --> 00:08:13,480 Speaker 1: try to ensure that we have a society which doesn't 148 00:08:13,880 --> 00:08:16,360 Speaker 1: encourage violence and where something like this and this type 149 00:08:16,400 --> 00:08:21,800 Speaker 1: of you know, uh, terrorist activity cannot occur um. And 150 00:08:21,840 --> 00:08:24,720 Speaker 1: that's really what lawmakers be looking at. I mean, we 151 00:08:24,760 --> 00:08:27,400 Speaker 1: can look at this as a holistic issue, but really 152 00:08:27,400 --> 00:08:29,520 Speaker 1: we should be looking at violence prevention. I mean, here's 153 00:08:29,520 --> 00:08:31,320 Speaker 1: what we get about this debate. And I think it's 154 00:08:31,320 --> 00:08:34,920 Speaker 1: a really dangerous talking point for the right to use 155 00:08:34,960 --> 00:08:37,319 Speaker 1: when they talk about mental health, because fundamentally, what we're 156 00:08:37,320 --> 00:08:40,040 Speaker 1: doing is stigmatizing people with mental health. The American Psychological 157 00:08:40,040 --> 00:08:43,160 Speaker 1: Association says that people with mental serious mental illness commit 158 00:08:43,200 --> 00:08:46,079 Speaker 1: only about three of violent crimes. And if you look 159 00:08:46,120 --> 00:08:49,280 Speaker 1: at mental health diagnoses rates across the US compared to 160 00:08:49,280 --> 00:08:54,120 Speaker 1: other countries first world countries. Obviously, our incidents of those 161 00:08:54,200 --> 00:08:57,160 Speaker 1: rates that are roughly equivalent across countries, but our incidents 162 00:08:57,160 --> 00:09:00,040 Speaker 1: of gun violence is dramatically higher, so you know, and 163 00:09:00,120 --> 00:09:03,040 Speaker 1: we talk about mental health and that's the default instead 164 00:09:03,040 --> 00:09:06,040 Speaker 1: of actually talking about guns which are causing gun violence 165 00:09:06,040 --> 00:09:08,120 Speaker 1: in this country. I think it does a disservice. But Kevin, 166 00:09:08,160 --> 00:09:10,920 Speaker 1: you raised a lot of really important technical questions about 167 00:09:11,200 --> 00:09:14,199 Speaker 1: background checks, and you're I'm trying to set this stage. 168 00:09:14,520 --> 00:09:17,040 Speaker 1: Why I've answering, because the question that I get is 169 00:09:17,080 --> 00:09:18,960 Speaker 1: what when I you know, when i'm background Rodecco is, well, 170 00:09:18,960 --> 00:09:21,160 Speaker 1: why aren't they doing anything? If everyone agrees on this, 171 00:09:21,240 --> 00:09:23,400 Speaker 1: well they debreak. So on those three points and and 172 00:09:23,400 --> 00:09:24,680 Speaker 1: and look, there are a couple there are a couple 173 00:09:24,679 --> 00:09:26,520 Speaker 1: of really important considerations. How do you define and you've 174 00:09:26,520 --> 00:09:28,920 Speaker 1: alluded to this, how do you define a dealer? Is 175 00:09:29,120 --> 00:09:31,320 Speaker 1: a family member who wants to sell a gun? A dealer? 176 00:09:32,200 --> 00:09:35,120 Speaker 1: Maybe maybe not, depending on the definition. UH states have 177 00:09:35,240 --> 00:09:38,160 Speaker 1: different laws. All of this stuff, of course, feeding up 178 00:09:38,160 --> 00:09:40,720 Speaker 1: to a federal database which is incomplete because of that 179 00:09:40,760 --> 00:09:43,559 Speaker 1: patchwork of laws. And so really the challenge also becomes then, 180 00:09:43,840 --> 00:09:45,920 Speaker 1: even when you're talking about legislation to reach sort of 181 00:09:45,960 --> 00:09:50,000 Speaker 1: red flag folks, unless you have a comprehensive background system 182 00:09:50,040 --> 00:09:53,520 Speaker 1: in place, these measures are not going to work unless 183 00:09:53,520 --> 00:09:55,640 Speaker 1: they're all working too. I want to like highlight another 184 00:09:55,840 --> 00:09:59,160 Speaker 1: divisive issued point that that David Matt both just alluded to, 185 00:09:59,240 --> 00:10:03,679 Speaker 1: which is who has access to the background check system? 186 00:10:03,800 --> 00:10:06,440 Speaker 1: Is it a federal system or is it a state system? 187 00:10:06,480 --> 00:10:10,559 Speaker 1: And that's another thing that divides the two ideological parties, 188 00:10:10,559 --> 00:10:12,880 Speaker 1: because you've gotta think about this when you when you 189 00:10:12,920 --> 00:10:16,800 Speaker 1: advocate for a driver's license, for example, it doesn't go 190 00:10:16,880 --> 00:10:20,480 Speaker 1: into a federals that goes into you have a state 191 00:10:20,600 --> 00:10:24,840 Speaker 1: driver's license. And so that is another I think point 192 00:10:25,200 --> 00:10:28,400 Speaker 1: that we in the media sometimes oversimplify when we say 193 00:10:28,559 --> 00:10:32,240 Speaker 1: universal background check. It's that divide between whether, well, is 194 00:10:32,280 --> 00:10:34,720 Speaker 1: it the state that's running it or is it the 195 00:10:34,760 --> 00:10:39,320 Speaker 1: federal government. That's another issue that that has why I 196 00:10:39,320 --> 00:10:42,720 Speaker 1: would argue, what is a very simple question to pull 197 00:10:43,320 --> 00:10:46,520 Speaker 1: is a lot more difficult, uh for for why there 198 00:10:46,559 --> 00:10:48,520 Speaker 1: has been so much in action and this is a 199 00:10:48,600 --> 00:10:50,800 Speaker 1: challenge across a lot of different issues. For long form 200 00:10:50,920 --> 00:10:53,320 Speaker 1: UM you allude to, you know, driver's licenses. So if 201 00:10:53,320 --> 00:10:55,520 Speaker 1: someone is pulled over for d w I in one 202 00:10:55,520 --> 00:10:58,040 Speaker 1: state UM and then goes to apply for a license 203 00:10:58,040 --> 00:11:00,680 Speaker 1: and another state, that information does not a is carry over. 204 00:11:00,880 --> 00:11:02,600 Speaker 1: You see the same thing on drug offenses and a 205 00:11:02,600 --> 00:11:04,679 Speaker 1: whole host of things. That is a place where I 206 00:11:04,720 --> 00:11:06,360 Speaker 1: think you might be able to find some level by 207 00:11:06,360 --> 00:11:07,920 Speaker 1: parts and support. All Right, coming up, we're gonna have 208 00:11:07,960 --> 00:11:09,160 Speaker 1: much more on this. I want to get back to 209 00:11:09,200 --> 00:11:11,560 Speaker 1: the We're gonna spend more time on the big tech, uh, 210 00:11:11,640 --> 00:11:14,600 Speaker 1: specifically that angle. We're also going to talk about trade 211 00:11:14,600 --> 00:11:17,000 Speaker 1: policy panel stays Matt Mowers and Dave Brown. I do 212 00:11:17,040 --> 00:11:19,640 Speaker 1: want to note Michael Bloomberg, the owner of Bloomberg LP, 213 00:11:19,840 --> 00:11:22,600 Speaker 1: the parent company of Bloomberg News, founded and helped fund 214 00:11:22,640 --> 00:11:26,440 Speaker 1: Everyone for Gun Safety, a nonprofit that advocates for universal 215 00:11:26,480 --> 00:11:30,280 Speaker 1: background checks and other gun violence prevention measures. You can 216 00:11:30,320 --> 00:11:33,280 Speaker 1: download the Bloomberg Sound On podcast on Apple iTunes, at 217 00:11:33,360 --> 00:11:36,040 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app. 218 00:11:36,240 --> 00:11:38,600 Speaker 1: You can also find us on Radio, dot Com, Radio, 219 00:11:38,640 --> 00:11:42,560 Speaker 1: and Spotify. I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg 220 00:11:42,600 --> 00:11:46,360 Speaker 1: Television and Bloomberg Radio, and you're listening to Bloomberg One. 221 00:11:50,240 --> 00:11:54,800 Speaker 1: This is Bloomberg Sound On with Kevin Shirla on Bloomberg 222 00:11:55,920 --> 00:11:58,320 Speaker 1: and one oh five point seven f m h D two. 223 00:11:59,520 --> 00:12:02,959 Speaker 1: I'm Ted and Surreally Chief Washington correspondent for Bloomberg Television 224 00:12:03,000 --> 00:12:05,360 Speaker 1: and Bloomberg Radio. My guests with me for the hour 225 00:12:05,400 --> 00:12:08,600 Speaker 1: Matt Mauer's former senior advisor to the White House for 226 00:12:08,679 --> 00:12:11,880 Speaker 1: the State Department and now he's president of Matt Mauer's LLLC. 227 00:12:12,600 --> 00:12:15,679 Speaker 1: And Dave Brown, Democratic strategist and former advisor up on 228 00:12:16,040 --> 00:12:19,360 Speaker 1: Hill to Senator Patty Murray. A gentleman. There were new 229 00:12:19,400 --> 00:12:23,240 Speaker 1: trade developments today. Uh in terms of the fallout of 230 00:12:23,320 --> 00:12:27,280 Speaker 1: things are going to go with regards to the President's 231 00:12:27,280 --> 00:12:32,800 Speaker 1: decision to call to call um to call China a 232 00:12:32,840 --> 00:12:37,360 Speaker 1: currency manipulator. And this has really dominated the discourse here 233 00:12:37,559 --> 00:12:41,280 Speaker 1: in in the Beltway, particularly in the in the circles 234 00:12:41,280 --> 00:12:43,640 Speaker 1: that I'm that I'm talking with and and what what 235 00:12:43,720 --> 00:12:46,600 Speaker 1: they have to say about this. I'm not sure that 236 00:12:46,720 --> 00:12:50,720 Speaker 1: it has any impact, however, on the issue of U 237 00:12:50,840 --> 00:12:55,840 Speaker 1: S m c A passage. Matt Mauers, do you no, 238 00:12:55,960 --> 00:13:00,920 Speaker 1: I don't um um no. I think actually have because 239 00:13:01,080 --> 00:13:05,160 Speaker 1: Democrats were years and especially in the Midwest and rust 240 00:13:05,200 --> 00:13:07,920 Speaker 1: belt industrial Midwest, have been talking about the need to renew, 241 00:13:08,040 --> 00:13:09,920 Speaker 1: you know, to upate NAFTA for a number of years. 242 00:13:10,160 --> 00:13:11,960 Speaker 1: It's actually an area where you have a lot of 243 00:13:11,960 --> 00:13:15,320 Speaker 1: bipartisan support. Um. And I think the most important thing 244 00:13:15,320 --> 00:13:17,400 Speaker 1: politically speaking is I think Nancy Pelosi wants to get 245 00:13:17,400 --> 00:13:20,720 Speaker 1: to yes on U s m c A uh sometime 246 00:13:20,800 --> 00:13:23,200 Speaker 1: this fall. Um. Now, I do think they're gonna need 247 00:13:23,240 --> 00:13:26,280 Speaker 1: to create a pressure point. Congress doesn't act without a timeline, 248 00:13:26,280 --> 00:13:29,120 Speaker 1: whether it's artificial or real. Um. And so I do 249 00:13:29,200 --> 00:13:31,880 Speaker 1: expect you'll see if you um, it's gonna be contentious 250 00:13:31,880 --> 00:13:33,480 Speaker 1: before he gets there. But I do think you're gonna 251 00:13:33,520 --> 00:13:35,360 Speaker 1: see U s m c A pass sometimes this fall. 252 00:13:35,520 --> 00:13:37,320 Speaker 1: Dave Brown, do you what are you hearing from from 253 00:13:37,400 --> 00:13:39,800 Speaker 1: your friends on the in the Capitol about these Democrats? 254 00:13:39,960 --> 00:13:42,160 Speaker 1: I think that's right. I think that the Speaker definitely 255 00:13:42,160 --> 00:13:44,120 Speaker 1: wants to get to yes with the caucus, and I 256 00:13:44,160 --> 00:13:47,520 Speaker 1: think that she she will get there. I suspect that 257 00:13:47,559 --> 00:13:50,560 Speaker 1: if the President tries to create external pressures that won't 258 00:13:50,600 --> 00:13:55,319 Speaker 1: be helpful to the process that she's currently conducting inside 259 00:13:55,360 --> 00:13:56,880 Speaker 1: the caucus. I think she wants to get to a 260 00:13:56,880 --> 00:13:59,520 Speaker 1: place of yes. Um. And have folks really bought into 261 00:13:59,559 --> 00:14:02,080 Speaker 1: that process? Us and you know so obviously mc AS 262 00:14:02,480 --> 00:14:04,440 Speaker 1: is a key part of this pot As the China 263 00:14:04,520 --> 00:14:08,360 Speaker 1: situation unfolds, that will have I think ripple effect in 264 00:14:08,480 --> 00:14:10,920 Speaker 1: terms of the broader conversation about trade and the politics 265 00:14:10,920 --> 00:14:13,680 Speaker 1: of trade, potentially making it more challenging for the speaker 266 00:14:13,760 --> 00:14:16,080 Speaker 1: she navigates this. You know, I said this to Tom 267 00:14:16,160 --> 00:14:19,680 Speaker 1: Keene and Francine mcquill Bloomberg Surveillance earlier today, and I 268 00:14:19,720 --> 00:14:22,360 Speaker 1: think it's it bears repeating in terms of trying to 269 00:14:22,400 --> 00:14:24,440 Speaker 1: set the calendar, because everyone's trying to figure out like 270 00:14:24,440 --> 00:14:26,760 Speaker 1: the calendar, like what what do I need to mark 271 00:14:26,840 --> 00:14:29,720 Speaker 1: down for the month of August and then into September. 272 00:14:29,760 --> 00:14:31,840 Speaker 1: I'm thinking to myself, I told Christine Barrader or EP 273 00:14:31,920 --> 00:14:34,640 Speaker 1: doesn't like wake me up when September ends, because it's 274 00:14:34,680 --> 00:14:39,120 Speaker 1: going to be such a crowded, crowded month. In terms 275 00:14:39,120 --> 00:14:41,000 Speaker 1: of the trip policy on the U S m c 276 00:14:41,160 --> 00:14:45,920 Speaker 1: A front, the administration has really signaled that they view 277 00:14:46,840 --> 00:14:51,560 Speaker 1: signaling one trade front in a positive light to give 278 00:14:51,640 --> 00:14:55,240 Speaker 1: them leverage on another trade front where potentially it's not 279 00:14:55,320 --> 00:14:58,840 Speaker 1: going in the direction that they would like to see. 280 00:14:58,920 --> 00:15:02,320 Speaker 1: So case and point, you're hearing the President speak more 281 00:15:02,440 --> 00:15:04,840 Speaker 1: favorably about the chances of U S m c A 282 00:15:04,920 --> 00:15:10,080 Speaker 1: passing while China is being labeled a currency manipulator and 283 00:15:10,080 --> 00:15:13,760 Speaker 1: we literally had the reverse course of action several weeks ago. 284 00:15:14,040 --> 00:15:17,320 Speaker 1: If you're trying to price this out, Matt Mauer's previously 285 00:15:17,600 --> 00:15:21,160 Speaker 1: senior advisor to the State Department, Huawei and my short 286 00:15:21,240 --> 00:15:24,680 Speaker 1: term window in August, there are two key developments with 287 00:15:24,720 --> 00:15:27,640 Speaker 1: regards a way ahead of the Chinese coming here in 288 00:15:27,800 --> 00:15:33,160 Speaker 1: September for trade talks that could also pose significant risk 289 00:15:33,920 --> 00:15:36,400 Speaker 1: of the U S. China trade talks. Would you and 290 00:15:36,480 --> 00:15:40,960 Speaker 1: what are those risks regarding Quawe China's state that backed 291 00:15:41,280 --> 00:15:44,520 Speaker 1: UH telecommunications firm. Well, I think you know, the President 292 00:15:44,520 --> 00:15:47,240 Speaker 1: has created another point of leverage in these discussions. Now. Um. 293 00:15:47,280 --> 00:15:49,480 Speaker 1: You look at what he's uh, what he's put out 294 00:15:49,520 --> 00:15:53,440 Speaker 1: there on hallewey, it's um uh you know he's now 295 00:15:53,840 --> 00:15:56,960 Speaker 1: actually held off on the deadline in which those were 296 00:15:56,960 --> 00:15:59,800 Speaker 1: going to be enacted, um in part because of these 297 00:15:59,840 --> 00:16:02,120 Speaker 1: two quessions are gonna be on going in September. UM. 298 00:16:02,120 --> 00:16:03,880 Speaker 1: So I think the President actually played this pretty smart. 299 00:16:03,920 --> 00:16:06,520 Speaker 1: He's realizes he's got a lot of different clubs in 300 00:16:06,560 --> 00:16:09,000 Speaker 1: the bag that he can play on on this field 301 00:16:09,000 --> 00:16:10,800 Speaker 1: when he's trying to, you know, get to a China 302 00:16:10,840 --> 00:16:12,600 Speaker 1: trade deal, and he's actually playing all of them right now. 303 00:16:12,880 --> 00:16:15,600 Speaker 1: I don't think the markets think the President is praying 304 00:16:15,640 --> 00:16:17,440 Speaker 1: this smart and if they if they did, they wouldn't 305 00:16:17,440 --> 00:16:18,920 Speaker 1: have crashed the way they did today. I mean, I 306 00:16:19,200 --> 00:16:21,680 Speaker 1: think that there are a couple things in player now, 307 00:16:22,080 --> 00:16:24,480 Speaker 1: can't yeah, be careful with the word crash. Just sorry 308 00:16:25,120 --> 00:16:30,120 Speaker 1: for that's irresponsible term. Sorry not to like forgot this 309 00:16:30,200 --> 00:16:33,920 Speaker 1: was at MSNBC or CNN. Um look a couple of things. 310 00:16:34,200 --> 00:16:37,720 Speaker 1: The President's core thesis for his real act is the economy, 311 00:16:38,040 --> 00:16:40,400 Speaker 1: and so I think we also can't lose sight of 312 00:16:40,880 --> 00:16:44,160 Speaker 1: everything that's happening with China has to be contextualized throughout prison. 313 00:16:44,520 --> 00:16:47,280 Speaker 1: And so the fact that that he's announced new tariffs 314 00:16:47,320 --> 00:16:50,040 Speaker 1: that may take effect on September one may not and 315 00:16:50,080 --> 00:16:53,080 Speaker 1: some analysts are projecting could cost American households another six 316 00:16:53,480 --> 00:16:56,640 Speaker 1: fifty dollars or so a year in spending. Once once 317 00:16:56,680 --> 00:16:59,520 Speaker 1: these terrorists in this trade war really start hitting UH, 318 00:16:59,760 --> 00:17:03,920 Speaker 1: can sumers in their pocketbooks and which is meaningful. I 319 00:17:03,920 --> 00:17:06,400 Speaker 1: think the president has a much harder road in terms 320 00:17:06,440 --> 00:17:10,200 Speaker 1: of his leverage points with China, so very narrow timeline 321 00:17:10,240 --> 00:17:12,399 Speaker 1: I think to really extract the kind of concessions he 322 00:17:12,440 --> 00:17:15,320 Speaker 1: wants before he's in reelect politics. I just want to 323 00:17:15,320 --> 00:17:19,160 Speaker 1: just just carefully not checking the Bloomberg terminal, the SMP 324 00:17:19,280 --> 00:17:23,080 Speaker 1: five hundred and NASDAC erased losses after the bond market 325 00:17:23,160 --> 00:17:26,199 Speaker 1: scare earlier today. Clearly, Dave, I'm not trying to I'm 326 00:17:26,240 --> 00:17:28,240 Speaker 1: not trying to correct you. But it's been a volatile 327 00:17:28,280 --> 00:17:32,400 Speaker 1: to Dave's point, it's been a chicken little talking points. 328 00:17:33,400 --> 00:17:36,879 Speaker 1: I listen, I just you know when I've got it. 329 00:17:37,000 --> 00:17:40,719 Speaker 1: You know, Dave always makes great points. I'll revise my remarks. 330 00:17:40,800 --> 00:17:44,480 Speaker 1: The volatility of the market reflects a lack of certainty 331 00:17:44,720 --> 00:17:46,960 Speaker 1: and what's going to happen. That's the point. So the 332 00:17:47,040 --> 00:17:48,800 Speaker 1: only point I'll make is I remember having this exact 333 00:17:48,880 --> 00:17:51,960 Speaker 1: same conversation earlier this year when another rounded tariffs were 334 00:17:52,000 --> 00:17:54,479 Speaker 1: put into effect. The markets hit for a week, and 335 00:17:54,480 --> 00:17:58,159 Speaker 1: that started slowly correct recorrecting itself to actually go, you know, increase. 336 00:17:58,240 --> 00:18:01,359 Speaker 1: The new historicis UM. So look, let's look at this 337 00:18:01,400 --> 00:18:04,120 Speaker 1: in context of the overall scope. I mean, it's a 338 00:18:04,240 --> 00:18:06,840 Speaker 1: volatile week, but you know, we've seen this play out 339 00:18:06,840 --> 00:18:08,960 Speaker 1: a few times down in the past couple of years. UM, 340 00:18:09,080 --> 00:18:11,800 Speaker 1: I would expect it will follow a similar course. I 341 00:18:11,840 --> 00:18:14,040 Speaker 1: think it's been interesting to see just the pressure that 342 00:18:14,080 --> 00:18:17,720 Speaker 1: this puts on Jay Powell, the FED Chairman. I'm like, Jay, 343 00:18:18,240 --> 00:18:20,920 Speaker 1: I don't know in person, like Chairman Powell like, I 344 00:18:20,960 --> 00:18:23,840 Speaker 1: mean the pressure that this is gonna put on him 345 00:18:23,840 --> 00:18:26,040 Speaker 1: with the rate with the rate cuts. It's uh, it's 346 00:18:26,040 --> 00:18:28,679 Speaker 1: been definitely fascinating. And the last point that I'll make 347 00:18:28,720 --> 00:18:31,000 Speaker 1: on this, if you're trying to like through all of this, 348 00:18:31,400 --> 00:18:36,879 Speaker 1: You've got the China Spahwei developments uh in in this month, 349 00:18:37,080 --> 00:18:39,600 Speaker 1: and then when when Congress comes back and Speaker Pelosi 350 00:18:39,640 --> 00:18:42,040 Speaker 1: and Leader McConnell when they've got a huddle and try 351 00:18:42,080 --> 00:18:44,440 Speaker 1: to get their calendar for U S m c A passage, 352 00:18:45,280 --> 00:18:47,480 Speaker 1: there's a lot of anticipation on both sides of the 353 00:18:47,520 --> 00:18:50,520 Speaker 1: yild that President Trump might, I don't know, if he 354 00:18:50,560 --> 00:18:53,480 Speaker 1: doesn't threaten to raise tariffs on Mexico in September, that 355 00:18:53,520 --> 00:18:56,520 Speaker 1: he would also potentially say, hey, I'm gonna try to 356 00:18:56,560 --> 00:18:58,919 Speaker 1: force Speaker Pelosi's hand and get out of NAFTA to 357 00:18:58,960 --> 00:19:03,240 Speaker 1: trigger this conversation as a whole coming up more policy 358 00:19:03,240 --> 00:19:05,639 Speaker 1: and politics with Matt Mauer's and Dave Brown. You can 359 00:19:05,680 --> 00:19:09,040 Speaker 1: download Bloomberg Sound on podcast on Apple iTunes at Bloomberg 360 00:19:09,080 --> 00:19:11,760 Speaker 1: dot Com or by downloading the Bloomberg Business at You 361 00:19:11,800 --> 00:19:14,359 Speaker 1: can also find us on Radio dot com, I Heart Radio, 362 00:19:14,400 --> 00:19:17,920 Speaker 1: and Spotify. I'm Kevin CERELLI, Chief Washington correspondent from Bloomberg 363 00:19:17,960 --> 00:19:27,280 Speaker 1: Television of Bloomberg Radio, and you're listening to Bloomberg. This 364 00:19:27,560 --> 00:19:32,800 Speaker 1: is Bloomberg's Sound On with Kevin Surrele on Bloomberg and 365 00:19:32,880 --> 00:19:35,080 Speaker 1: one oh five point seven f m h D two. 366 00:19:35,560 --> 00:19:39,119 Speaker 1: I'm Kevin CURRELLI, Chief Washington correspondent for Bloomberg Television and 367 00:19:39,160 --> 00:19:41,880 Speaker 1: Bloomberg Radio. My guest with me for the hour. Matt 368 00:19:41,920 --> 00:19:45,240 Speaker 1: Mauer's former senior advisor to the White House State Department 369 00:19:45,280 --> 00:19:49,520 Speaker 1: and now president of Matt Mauers ll l C. Dave Brown. 370 00:19:49,520 --> 00:19:51,760 Speaker 1: As a Democratic strategist, He's worked on Capitol Hill for 371 00:19:51,800 --> 00:19:56,359 Speaker 1: the Senator Patty Murray. Gentlemen, thanks for being here. I 372 00:19:56,480 --> 00:20:01,320 Speaker 1: was struck by how the conversation for training to mass 373 00:20:01,359 --> 00:20:06,440 Speaker 1: shootings has now turned two, getting the private sector involved 374 00:20:06,640 --> 00:20:09,960 Speaker 1: quite quite frankly, Uh the White House. I'm reading from 375 00:20:09,960 --> 00:20:12,720 Speaker 1: the Bloomberg Terminal by my colleagues Benbrody and Justin Sink. 376 00:20:13,119 --> 00:20:17,000 Speaker 1: The White House has invited tech companies to discuss violent 377 00:20:17,560 --> 00:20:21,880 Speaker 1: extremism the White House wants to discuss violent online extremism 378 00:20:21,880 --> 00:20:25,480 Speaker 1: with tech companies this week following a string of deadly shootings. 379 00:20:25,520 --> 00:20:28,600 Speaker 1: Staff will be the meeting with unnamed internet and technology 380 00:20:28,600 --> 00:20:32,120 Speaker 1: companies on Friday, according to White House spokesman Judd Deer 381 00:20:32,160 --> 00:20:36,280 Speaker 1: in a statement, UH, I'm struck by this that I 382 00:20:36,320 --> 00:20:39,160 Speaker 1: think it's I think there's a lot. I think there's 383 00:20:39,200 --> 00:20:44,280 Speaker 1: a lot of questions that Democrats and Republicans have a 384 00:20:44,400 --> 00:20:50,360 Speaker 1: back companies, notably Facebook, about what their responses are. Well, 385 00:20:50,359 --> 00:20:52,280 Speaker 1: we do, actually, the US government does a lot of 386 00:20:52,280 --> 00:20:54,960 Speaker 1: work with tech companies on this in the global sphere. 387 00:20:55,000 --> 00:20:58,320 Speaker 1: I remember about three months after joining the administration UH 388 00:20:58,400 --> 00:21:00,760 Speaker 1: in two thousand seventeen, when I was at the State Department, 389 00:21:01,200 --> 00:21:04,480 Speaker 1: Rex Tillerson led a meeting of the Coalition to Defeat ISIS. 390 00:21:04,640 --> 00:21:07,280 Speaker 1: We had foreign ministers from nearly a hundred fifty countries 391 00:21:07,440 --> 00:21:09,920 Speaker 1: across the world at the State Department for a full 392 00:21:10,000 --> 00:21:14,040 Speaker 1: day of meetings about defeating violent extremism and defeating ISIS 393 00:21:14,040 --> 00:21:16,800 Speaker 1: in particular. And there was a highlighted topic that he 394 00:21:16,840 --> 00:21:19,879 Speaker 1: wanted to specifically discuss with all the foreign ministers that 395 00:21:19,920 --> 00:21:22,960 Speaker 1: hadn't been approach enough and that was actually working with 396 00:21:23,320 --> 00:21:26,560 Speaker 1: tech companies to try to root out violent extremism and 397 00:21:26,680 --> 00:21:32,280 Speaker 1: gateways and pathways in which UH extremist groups recruit young, 398 00:21:33,119 --> 00:21:35,040 Speaker 1: mostly young people, and a lot of these countries and 399 00:21:35,080 --> 00:21:38,080 Speaker 1: a lot of economically disadvantaged countries and recruit them into 400 00:21:38,080 --> 00:21:40,840 Speaker 1: extremist groups. I think it's smart now that we look 401 00:21:40,920 --> 00:21:45,119 Speaker 1: to do similar types of programs here domestically, obviously in 402 00:21:45,119 --> 00:21:46,919 Speaker 1: a way that has to be cognizant of you know, 403 00:21:47,080 --> 00:21:50,360 Speaker 1: rights of free speech um, but also is allowing law 404 00:21:50,440 --> 00:21:53,000 Speaker 1: enforcement to address root causes of these issues. I mean, 405 00:21:53,000 --> 00:21:55,200 Speaker 1: I think, I think there's a really interesting conversation that's 406 00:21:55,280 --> 00:21:58,520 Speaker 1: that's beginning to finally happen, both with the points match 407 00:21:58,640 --> 00:22:01,720 Speaker 1: raised and then also more broadly, whether law enforcement has 408 00:22:01,760 --> 00:22:04,400 Speaker 1: the right kinds of tools it needs to really combat 409 00:22:04,520 --> 00:22:06,840 Speaker 1: the type of of mass gun violence that we're seeing, 410 00:22:06,840 --> 00:22:11,440 Speaker 1: and namely, whether law enforcement can can identify these acts 411 00:22:11,480 --> 00:22:13,959 Speaker 1: as domestic terrorism and then whether they have the tools 412 00:22:13,960 --> 00:22:17,440 Speaker 1: to treat those acts as domestic terrorism. Obviously difference between 413 00:22:17,440 --> 00:22:20,040 Speaker 1: the types of tools they have available to them for 414 00:22:20,160 --> 00:22:23,320 Speaker 1: international acts of international terrorism versus domestic, but also too, 415 00:22:23,320 --> 00:22:25,080 Speaker 1: I just want to note, as part of the broader 416 00:22:25,080 --> 00:22:28,359 Speaker 1: discussion about extremism and how it relates to gun violence. 417 00:22:28,520 --> 00:22:30,760 Speaker 1: You know, it's it's pretty appalling to me, and I'll 418 00:22:30,800 --> 00:22:32,800 Speaker 1: use that word. It's appalling to me that we can't 419 00:22:33,359 --> 00:22:36,440 Speaker 1: we still in this country can't research gun violence through 420 00:22:36,440 --> 00:22:40,399 Speaker 1: the CDC, That there's still effectively a ban through a 421 00:22:40,400 --> 00:22:43,440 Speaker 1: writer in Congress preventing federal dollars being used by the 422 00:22:43,480 --> 00:22:45,840 Speaker 1: Center for Disease Control or research the root causes of 423 00:22:45,840 --> 00:22:47,720 Speaker 1: gun violence. I think we need to change that too, 424 00:22:47,800 --> 00:22:49,040 Speaker 1: and that's gonna be a long way to the points 425 00:22:49,040 --> 00:22:52,040 Speaker 1: Matt's making. Yeah, Dave is making the point of infrastructure 426 00:22:52,160 --> 00:22:54,959 Speaker 1: essentially the lines again and this is a common debate 427 00:22:55,040 --> 00:22:58,080 Speaker 1: in Washington, d C. I mean, now we're talking about 428 00:22:58,280 --> 00:23:02,840 Speaker 1: the severity of rent gun massacres in the United States 429 00:23:02,880 --> 00:23:06,040 Speaker 1: and this this cancer in in America that it that 430 00:23:06,160 --> 00:23:08,520 Speaker 1: this has become. But in terms of the infrastructure, I 431 00:23:08,560 --> 00:23:10,880 Speaker 1: mean this, I think we when we talk about big 432 00:23:10,920 --> 00:23:13,199 Speaker 1: tech and it's you know, well, they kept this this 433 00:23:13,359 --> 00:23:16,280 Speaker 1: terrorists video up for twelve minutes, or they did this, 434 00:23:16,400 --> 00:23:18,399 Speaker 1: or they did this, but no one's actually like again, 435 00:23:18,440 --> 00:23:19,880 Speaker 1: it's it goes back to what we were talking about 436 00:23:19,880 --> 00:23:23,600 Speaker 1: earlier about oversimplifying an issue like universal background checkts with 437 00:23:23,640 --> 00:23:26,879 Speaker 1: big tech. For example, to Dave's point, how do you 438 00:23:26,920 --> 00:23:31,160 Speaker 1: create an infrastructure where police departments around the country can 439 00:23:31,359 --> 00:23:34,720 Speaker 1: can work with the federal government, can work with the FBI, 440 00:23:34,880 --> 00:23:41,040 Speaker 1: can work with Mark Zuckerberg's Facebook, to have a type 441 00:23:41,240 --> 00:23:48,160 Speaker 1: of system or infrastructure to flag instantaneously individuals who are 442 00:23:48,320 --> 00:23:53,840 Speaker 1: utilizing American companies for crime. We do it for things 443 00:23:53,880 --> 00:23:56,119 Speaker 1: that are not on the Internet. We do it for 444 00:23:56,119 --> 00:24:02,320 Speaker 1: for example, flying, for transportation, ground transportation, and obviously a 445 00:24:02,400 --> 00:24:04,840 Speaker 1: host of other different things. So I just don't think 446 00:24:04,840 --> 00:24:08,200 Speaker 1: the technology, unfortunately has caught up as quick with these 447 00:24:08,240 --> 00:24:10,439 Speaker 1: types of things. Well, I think it's actually the laws 448 00:24:10,480 --> 00:24:13,480 Speaker 1: have not kept up with technology. Um. And so for 449 00:24:13,520 --> 00:24:15,760 Speaker 1: the past couple of years here in d C, we've 450 00:24:15,760 --> 00:24:19,119 Speaker 1: seen big tech being treated as uh, we've been faulting 451 00:24:19,160 --> 00:24:21,440 Speaker 1: them for everything they've done wrong and being part of 452 00:24:21,480 --> 00:24:23,159 Speaker 1: the problem. And now I think the real question is 453 00:24:23,320 --> 00:24:25,160 Speaker 1: can they be part of a solution? Right? I think 454 00:24:25,160 --> 00:24:27,240 Speaker 1: this is going to change the nature of this conversation 455 00:24:27,280 --> 00:24:29,520 Speaker 1: a lot of ways to making them because it's it's 456 00:24:29,520 --> 00:24:31,560 Speaker 1: going to have to be working with the tech companies 457 00:24:31,560 --> 00:24:33,640 Speaker 1: to do this. This is where these folks are living 458 00:24:33,640 --> 00:24:36,560 Speaker 1: on the chat rooms, on Fixtinger groups, you know where 459 00:24:36,640 --> 00:24:38,399 Speaker 1: you know, whether it's WhatsApp groups. I mean, there are 460 00:24:38,400 --> 00:24:40,800 Speaker 1: a number of different ways in which folks were communicating 461 00:24:40,800 --> 00:24:42,680 Speaker 1: and being recruited. And I mean, we really let these 462 00:24:42,680 --> 00:24:45,359 Speaker 1: people on on on television channels. So why do we? 463 00:24:45,480 --> 00:24:48,480 Speaker 1: I mean, so there has to be some type of infrastructure, 464 00:24:48,600 --> 00:24:50,480 Speaker 1: And I think you're seeing. I do think you're seeing, 465 00:24:50,560 --> 00:24:53,359 Speaker 1: to MAT's point, the kind of engagement from tech that, frankly, 466 00:24:53,400 --> 00:24:54,960 Speaker 1: I think is a long overdo. I think they should 467 00:24:54,960 --> 00:24:57,199 Speaker 1: have been smarter about how they've engaged with Washington, d 468 00:24:57,240 --> 00:25:00,159 Speaker 1: C and policymakers. I think they finally get the they 469 00:25:00,200 --> 00:25:02,040 Speaker 1: have to engage in a meaningful way. And you're seeing 470 00:25:02,040 --> 00:25:05,240 Speaker 1: the kind of oversight and sustained scrutiny of tech tech 471 00:25:05,600 --> 00:25:08,160 Speaker 1: both in the House Judiciary Committee their series of hearings, 472 00:25:08,320 --> 00:25:11,320 Speaker 1: as well as now both the Federal Trade Commission and 473 00:25:11,359 --> 00:25:13,359 Speaker 1: the d o J in terms of the investigations they've 474 00:25:13,560 --> 00:25:15,200 Speaker 1: launched in a broader tech and I think as part 475 00:25:15,200 --> 00:25:16,680 Speaker 1: of that, you're going to see these types of issues 476 00:25:16,720 --> 00:25:19,960 Speaker 1: really percolating up. Tomorrow. Just to plug tomorrow, we're gonna 477 00:25:20,000 --> 00:25:23,399 Speaker 1: have no etherin on He's the print of the the 478 00:25:23,440 --> 00:25:28,880 Speaker 1: Internet Association. Not I apologize. I apologize. He is uh. 479 00:25:29,240 --> 00:25:34,159 Speaker 1: He's the president of the communications. He's the president of 480 00:25:34,200 --> 00:25:36,560 Speaker 1: Communication for the Internet Association. He's going to come on 481 00:25:37,000 --> 00:25:39,640 Speaker 1: and talk big text role in all of this coming 482 00:25:39,720 --> 00:25:42,679 Speaker 1: up or policy and politics with our panel. And I 483 00:25:42,720 --> 00:25:44,680 Speaker 1: just want to flag this I just as a disclaimer. 484 00:25:44,680 --> 00:25:47,080 Speaker 1: Michael Bloomberg, owner a Bloomberg LP, the parent company of 485 00:25:47,080 --> 00:25:51,320 Speaker 1: Bloomberg News, founded and helps fund every Town for Gun Safety, 486 00:25:51,359 --> 00:25:55,280 Speaker 1: a nonprofit that advocates for universal background checks and other 487 00:25:55,440 --> 00:25:59,400 Speaker 1: gun violence prevention measures. I'm Kevin Surilli. You're listening to Bloomberg. 488 00:25:59,600 --> 00:26:06,320 Speaker 1: I mean I one, this is Bloomberg Sound On with 489 00:26:06,440 --> 00:26:10,880 Speaker 1: Kevin Shirley on Bloomberg and one oh five points seven 490 00:26:10,960 --> 00:26:14,600 Speaker 1: f M h D two. I'm Keevin SURRELI chief Washington 491 00:26:14,600 --> 00:26:17,679 Speaker 1: correspondent for Bloomberg Television to Bloomberg Radio. My guest with 492 00:26:17,840 --> 00:26:21,040 Speaker 1: me here in studio. Matt Mauer's former senior White House 493 00:26:21,080 --> 00:26:23,800 Speaker 1: advisor to the State Department, President now of Matt Mauers 494 00:26:24,200 --> 00:26:27,600 Speaker 1: ll l C. Dave Brown is a Democratic strategist, former 495 00:26:27,680 --> 00:26:30,760 Speaker 1: advisor to Senator Patty Murray. Did you guys get caught 496 00:26:30,760 --> 00:26:35,400 Speaker 1: in that monsoon? Just miss it? Bloomberg umbrella. Did Matt 497 00:26:35,480 --> 00:26:38,600 Speaker 1: Maoers has up to the bureau with the Bloomberg umbrella 498 00:26:39,200 --> 00:26:42,840 Speaker 1: brand today. I don't even have a Bloomberg umbrella. And 499 00:26:43,160 --> 00:26:45,800 Speaker 1: you think about the umbrellas. The last time I was 500 00:26:45,880 --> 00:26:48,600 Speaker 1: up in New York on the signment outside of Trump Tower, 501 00:26:48,640 --> 00:26:51,280 Speaker 1: it's like porn rain and I have an umbrella and 502 00:26:51,320 --> 00:26:55,040 Speaker 1: I opened it up and it's embroidered with the Bloomberg terminal. 503 00:26:55,080 --> 00:26:59,600 Speaker 1: I'm not kidding. The Bloomberg terminal is embroidered in the 504 00:26:59,600 --> 00:27:02,000 Speaker 1: boom area. It's a great number. I kind of want 505 00:27:02,000 --> 00:27:05,440 Speaker 1: to steal Matt Mowers is Bloomberg umbrella. I'll probably leave 506 00:27:05,440 --> 00:27:08,760 Speaker 1: it here by accident. Anyway. I appreciate that. I appreciate that. Okay, 507 00:27:09,080 --> 00:27:13,920 Speaker 1: what's on your race? Dave Brown? The Quinnipiac pole that 508 00:27:14,000 --> 00:27:17,400 Speaker 1: came out well pronounced, and hey, I do my research here. 509 00:27:17,760 --> 00:27:21,560 Speaker 1: You know, it's not my first rodeo. I The Quinnipiac 510 00:27:22,080 --> 00:27:25,000 Speaker 1: pole that came out shows at the top tier Canada. 511 00:27:25,160 --> 00:27:28,600 Speaker 1: Still Joe Biden is Joe Biden teflon don I mean, 512 00:27:28,600 --> 00:27:31,560 Speaker 1: he's been taking all of these hits, hit after hit 513 00:27:31,680 --> 00:27:35,840 Speaker 1: after hit, but nothing's really nothing's really phazing him. I'm 514 00:27:35,840 --> 00:27:40,119 Speaker 1: really struck to see Senator Elizabeth Warren's assent slow and steady, 515 00:27:40,520 --> 00:27:43,800 Speaker 1: a sense to the top tier candidacy. And and Bernie Sanders. 516 00:27:43,880 --> 00:27:46,840 Speaker 1: I mean, you imagine Bernie and Warren voters teaming up. 517 00:27:47,640 --> 00:27:50,080 Speaker 1: You could get interesting. Yeah, I think that's right. I 518 00:27:50,080 --> 00:27:52,080 Speaker 1: think there are a couple of key takeaways. One the 519 00:27:52,119 --> 00:27:55,480 Speaker 1: fact that the Vice president Biden is staying at the 520 00:27:55,520 --> 00:27:58,040 Speaker 1: top of a poll suggests he's got some staying power. 521 00:27:58,080 --> 00:28:00,440 Speaker 1: And I think that was open USh and for a 522 00:28:00,520 --> 00:28:02,800 Speaker 1: lot of primary voters who were looking at him and 523 00:28:02,800 --> 00:28:05,560 Speaker 1: wondering if if he's he's past his moment. But you 524 00:28:05,560 --> 00:28:09,639 Speaker 1: know what, I think it reinforces the overriding uh of 525 00:28:09,680 --> 00:28:14,080 Speaker 1: Democratic primary voters on electability. And until Warren or Sanders 526 00:28:14,160 --> 00:28:16,280 Speaker 1: or somebody else in the field can solve for and 527 00:28:16,359 --> 00:28:19,360 Speaker 1: answer the question of electability, I think Biden Biden will. 528 00:28:19,720 --> 00:28:22,280 Speaker 1: I Actually I'm really interested to see what happens with 529 00:28:22,640 --> 00:28:25,280 Speaker 1: Warren and Sanders, because if you think about the last debate, 530 00:28:25,560 --> 00:28:29,159 Speaker 1: you had John, because you had John Delaney kind of 531 00:28:29,160 --> 00:28:30,919 Speaker 1: serving as that foil for much of the debate, and 532 00:28:30,960 --> 00:28:33,679 Speaker 1: you saved off Warren and Sanders really having to engage 533 00:28:33,680 --> 00:28:35,359 Speaker 1: with each other and they are kind of fighting for 534 00:28:35,359 --> 00:28:38,560 Speaker 1: the same the same cohort of voters among the See 535 00:28:38,600 --> 00:28:42,600 Speaker 1: this is where I like just being from Delco having 536 00:28:42,640 --> 00:28:46,440 Speaker 1: covered the campaign from yes, but but serious, all kidding aside, 537 00:28:46,480 --> 00:28:49,160 Speaker 1: Like this issue of electability, Matt Maers, I'm gonna ask 538 00:28:49,160 --> 00:28:51,200 Speaker 1: you to put on a Democrat have for a second, 539 00:28:51,400 --> 00:28:54,680 Speaker 1: this issue of electability. I mean, Bertie Sanders beat Hillary 540 00:28:54,680 --> 00:28:57,240 Speaker 1: Clinton in Michigan to the primary. I mean, where so 541 00:28:57,600 --> 00:29:01,080 Speaker 1: in your electability argument, and every primary always says they 542 00:29:01,120 --> 00:29:03,640 Speaker 1: want to vote for the most electable person in the primary. Right, 543 00:29:03,640 --> 00:29:06,640 Speaker 1: if you look at sixteen Republican voters said that they 544 00:29:06,680 --> 00:29:09,040 Speaker 1: wanted to support the most electable cad it and then 545 00:29:09,440 --> 00:29:12,360 Speaker 1: they supported the person who at that point was pulling 546 00:29:12,400 --> 00:29:14,920 Speaker 1: the worse against sorry Clint um So. I think voter 547 00:29:15,000 --> 00:29:16,720 Speaker 1: primary vers always say they want that. But at the 548 00:29:16,800 --> 00:29:18,320 Speaker 1: end of the day, what's going to motivate voters in 549 00:29:18,360 --> 00:29:21,760 Speaker 1: the Democratic Party is those who have their heart shrinks tugged. 550 00:29:21,840 --> 00:29:24,320 Speaker 1: And that's gonna be by Elizabeth Warren and Bernie Sanders 551 00:29:24,320 --> 00:29:28,080 Speaker 1: and the rest of the mate. That's not wrong with 552 00:29:28,080 --> 00:29:29,520 Speaker 1: with Senator Warren. I mean one of the things I've 553 00:29:29,560 --> 00:29:32,479 Speaker 1: really been struck by consistently and how she's position or candidas. 554 00:29:32,480 --> 00:29:35,959 Speaker 1: He She's able to talk about really complicated policy and 555 00:29:36,000 --> 00:29:38,760 Speaker 1: make it in a pretty accessible and emotionally compelling way, 556 00:29:38,760 --> 00:29:40,360 Speaker 1: in part because she talks about it through the prism 557 00:29:40,360 --> 00:29:42,560 Speaker 1: of her values and her sort of lived experiences. That's 558 00:29:42,560 --> 00:29:43,720 Speaker 1: one of the reasons why I think a lot of 559 00:29:43,720 --> 00:29:45,640 Speaker 1: folks saw Kamala Harris during the first of having a 560 00:29:45,680 --> 00:29:48,280 Speaker 1: breakout moment because she was able to find her voice 561 00:29:48,440 --> 00:29:51,040 Speaker 1: and talk about policies through values. So, you know, if 562 00:29:51,040 --> 00:29:53,520 Speaker 1: Elizabeth Warren keeps doing what she's doing, I think she's 563 00:29:53,520 --> 00:29:56,080 Speaker 1: gonna be really really powerful contender. And if if she's 564 00:29:56,080 --> 00:29:57,600 Speaker 1: on the ticket, I won't be surprised. They're all headed 565 00:29:57,680 --> 00:30:00,560 Speaker 1: Iowa for the Iowa State Fair. I'm like, I miss 566 00:30:00,680 --> 00:30:02,760 Speaker 1: Zombie Burger more than if you've never been to Iowa 567 00:30:02,800 --> 00:30:05,360 Speaker 1: the Moine. They've got this place called Zombie Burger. They 568 00:30:05,400 --> 00:30:09,040 Speaker 1: literally fry. They fry everything in Iowa. My kind of place. 569 00:30:09,320 --> 00:30:12,800 Speaker 1: They fry um mac and cheese and they turn it 570 00:30:12,800 --> 00:30:18,479 Speaker 1: into the bun for a burger delicious. Fun fact, Senator 571 00:30:18,520 --> 00:30:24,160 Speaker 1: Corey Booker, this is my pivot to Booker is a vegan. Wait. 572 00:30:24,200 --> 00:30:27,000 Speaker 1: I didn't know that because when I entertained him about 573 00:30:27,000 --> 00:30:29,120 Speaker 1: and I said, from Jersey outside of Hilly like good 574 00:30:29,160 --> 00:30:31,280 Speaker 1: cheese steaks, He's like, they've got great vegan cheese steaks, 575 00:30:31,280 --> 00:30:34,600 Speaker 1: And I said, I would know. But question to you, sir, 576 00:30:34,760 --> 00:30:36,720 Speaker 1: is how are people like Senator book are doing better 577 00:30:36,840 --> 00:30:39,280 Speaker 1: over work some of these mid tier candidates. Can they sustain? 578 00:30:40,640 --> 00:30:43,719 Speaker 1: Whether they consist is really going to be driven by 579 00:30:43,760 --> 00:30:47,160 Speaker 1: by both future debate performances obviously, whether they can make 580 00:30:47,200 --> 00:30:49,200 Speaker 1: that cut off and stay sort of in the public 581 00:30:49,680 --> 00:30:52,760 Speaker 1: media ie and in turn generate money. But look, the 582 00:30:53,000 --> 00:30:55,720 Speaker 1: real test is is going to be Iowa, New Hampshire obviously, 583 00:30:55,960 --> 00:30:58,720 Speaker 1: But somebody like Booker, Yes, I think I think Corey 584 00:30:58,720 --> 00:31:01,320 Speaker 1: Booker is is definitely still part of your albeit perhaps 585 00:31:01,360 --> 00:31:05,040 Speaker 1: at the very bottom part of that betto. I just 586 00:31:05,160 --> 00:31:06,880 Speaker 1: I just have not seen it. I'm gonna be honest. 587 00:31:06,920 --> 00:31:09,720 Speaker 1: I want to like, I like betto personally, but I 588 00:31:09,800 --> 00:31:12,560 Speaker 1: haven't seen that kind of kind of animating call to 589 00:31:12,600 --> 00:31:15,880 Speaker 1: action articulated in a way. Why is he running for president? 590 00:31:15,960 --> 00:31:18,640 Speaker 1: Corey Booker can articulate that Elizabeth Warren can articulate that 591 00:31:18,640 --> 00:31:21,000 Speaker 1: Bernie Sanders can articulate that Joe Biden can people to 592 00:31:21,080 --> 00:31:26,160 Speaker 1: judge Kamala Harris, but with betto Maria Williams. Right. You 593 00:31:26,160 --> 00:31:30,560 Speaker 1: know who's interesting though, is I think I think cast Castro. 594 00:31:30,760 --> 00:31:34,320 Speaker 1: Castro's Castro impressman. Yeah. I mean, here's here's the thing. 595 00:31:34,320 --> 00:31:36,240 Speaker 1: I think Joe Biden is gonna continue have trouble in 596 00:31:36,280 --> 00:31:39,040 Speaker 1: this primary. You know, he's still you talked about natal 597 00:31:39,120 --> 00:31:42,880 Speaker 1: Pole that just came out, but he's also topping he's 598 00:31:42,920 --> 00:31:46,040 Speaker 1: still doing in Iowa, New Hampshire. In fact, I'm sick 599 00:31:46,080 --> 00:31:49,200 Speaker 1: of the Alright, what's on your radar? We've got like 600 00:31:49,240 --> 00:31:53,120 Speaker 1: two minutes on policy. What's on your radar? You were 601 00:31:53,120 --> 00:31:55,160 Speaker 1: talking to me in the break about Venezuela. Yeah, so 602 00:31:55,280 --> 00:31:58,680 Speaker 1: you know, this past week Treasury Department issued a wider 603 00:31:58,720 --> 00:32:01,360 Speaker 1: set of sections against venezuel It's now up there with 604 00:32:01,400 --> 00:32:04,440 Speaker 1: the same types of sections that are impressed upon North Korea. 605 00:32:04,480 --> 00:32:07,160 Speaker 1: In Cuba. Um, the real question remains to be seen 606 00:32:07,240 --> 00:32:10,480 Speaker 1: is whether this changes the trajectory of this long standing 607 00:32:10,760 --> 00:32:13,760 Speaker 1: back and forth between the United States and Maduro regime, 608 00:32:13,960 --> 00:32:16,120 Speaker 1: which is kind of clinging onto a few less breadths 609 00:32:16,160 --> 00:32:19,320 Speaker 1: of power. Uh and have not recognized the constitutional right 610 00:32:19,440 --> 00:32:22,040 Speaker 1: Jan Guido, who is the legitimate leader of the country 611 00:32:22,160 --> 00:32:24,840 Speaker 1: right now, David, your back home in the States. The 612 00:32:25,120 --> 00:32:28,080 Speaker 1: budget deal that the Speaker and the President obviously lifting 613 00:32:28,160 --> 00:32:30,760 Speaker 1: caps sequestration saw for for the next couple of years, 614 00:32:30,800 --> 00:32:32,640 Speaker 1: taking us to the election. I'll be curious to see 615 00:32:32,680 --> 00:32:35,160 Speaker 1: how that plays out from an appropriations perspective. You talk 616 00:32:35,160 --> 00:32:37,920 Speaker 1: about a crowded a crowded calendar in the fall, we 617 00:32:38,000 --> 00:32:40,280 Speaker 1: still have to deal with appropriations. I want to I 618 00:32:40,360 --> 00:32:43,560 Speaker 1: want to correct something I said earlier because Noah called 619 00:32:43,600 --> 00:32:45,800 Speaker 1: me from the Internet Association and I called him in 620 00:32:45,840 --> 00:32:48,800 Speaker 1: the break because tomorrow we are we are having the 621 00:32:48,920 --> 00:32:54,000 Speaker 1: president of the Internet Association. Come on. Uh. Mr Beckerman 622 00:32:54,080 --> 00:32:57,360 Speaker 1: has served twelve years Michael Beckerman as President and CEO 623 00:32:57,880 --> 00:33:01,680 Speaker 1: of the Internuciation. He joins me tomorrow. He was previously 624 00:33:01,760 --> 00:33:04,920 Speaker 1: served as the Deputy staff Director and Chief Policy Adviser 625 00:33:05,280 --> 00:33:09,120 Speaker 1: to the Chairman of the Energy Committee, and the Internet 626 00:33:09,200 --> 00:33:13,040 Speaker 1: Association represents a host of different big tech and small 627 00:33:13,120 --> 00:33:15,960 Speaker 1: tech companies as well. That's going to be a fascinating 628 00:33:16,000 --> 00:33:19,520 Speaker 1: interview tomorrow, so stay tuned for that. You can download 629 00:33:19,560 --> 00:33:22,840 Speaker 1: the Bloomberg Sound on podcast on Apple iTunes, at Bloomberg 630 00:33:22,920 --> 00:33:25,200 Speaker 1: dot com, or by downloading the Bloomberg Business app. You 631 00:33:25,200 --> 00:33:28,040 Speaker 1: can also find us on radio dot Com, I Heart Radio, 632 00:33:28,200 --> 00:33:31,520 Speaker 1: and Spotify. My thanks to Matt Mawer's and to Dave Brown. 633 00:33:31,920 --> 00:33:35,480 Speaker 1: I'm Kevin Cilli, Chief Washington correspondent for Bloomberg Television and 634 00:33:35,520 --> 00:33:39,480 Speaker 1: Bloomberg Radio, and you're listening to Bloomberg One