1 00:00:00,520 --> 00:00:03,280 Speaker 1: Why from our nation's caral, this budget thing is going 2 00:00:03,320 --> 00:00:05,760 Speaker 1: to do nothing space forces. I still think it's interesting 3 00:00:05,800 --> 00:00:09,119 Speaker 1: President Trump not playing his cards yet headlines Policy and 4 00:00:09,240 --> 00:00:14,640 Speaker 1: politics colliding sound with Kevin's relate, the insiders, the influencers, 5 00:00:14,800 --> 00:00:17,600 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,640 --> 00:00:20,599 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,600 --> 00:00:22,919 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,960 --> 00:00:26,280 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:26,280 --> 00:00:27,800 Speaker 1: what people send him here to do, which is to 10 00:00:27,840 --> 00:00:31,479 Speaker 1: get it done. He's sound on with Kevin's your relate 11 00:00:31,760 --> 00:00:36,519 Speaker 1: on Bloomberg one and m h D two. Bosom are 12 00:00:37,240 --> 00:00:41,320 Speaker 1: beautiful day here in Washington, d C. But trade talks, well, 13 00:00:41,920 --> 00:00:46,280 Speaker 1: they're getting rocky. President Trump promises a huge UK trade 14 00:00:46,280 --> 00:00:50,839 Speaker 1: deal including health service. Theresa May and Trump hinting at 15 00:00:50,840 --> 00:00:53,680 Speaker 1: the future conflict over UK healthcare. Do you see that 16 00:00:53,720 --> 00:00:57,240 Speaker 1: press conference with President Trump and Theresa May earlier today? 17 00:00:57,240 --> 00:01:00,680 Speaker 1: We'll break it all down. Meanwhile, China, China, did you 18 00:01:00,720 --> 00:01:04,560 Speaker 1: see that's China warning citizens against US travel because of 19 00:01:04,600 --> 00:01:07,959 Speaker 1: the mass shootings. The back and forth between the U 20 00:01:08,080 --> 00:01:10,759 Speaker 1: S and the Chinese has been somewhat remarkable. Plus I'll 21 00:01:10,760 --> 00:01:13,200 Speaker 1: take you to Capitol Hill, where I just came from, 22 00:01:13,200 --> 00:01:18,560 Speaker 1: with Congressman David Cicillini. He's a Democrat from Rhode Island. 23 00:01:18,880 --> 00:01:22,280 Speaker 1: He's the chairman of the Subcommittee on Antitrust of the 24 00:01:22,360 --> 00:01:28,119 Speaker 1: US House Judiciary Committee, and he's looking to investigate big tech. 25 00:01:28,360 --> 00:01:31,839 Speaker 1: What does that mean? Liz Harrington is a Republican National 26 00:01:31,880 --> 00:01:34,520 Speaker 1: Committee spokesperson. She's gonna call him to give us the 27 00:01:34,560 --> 00:01:40,120 Speaker 1: Republican fallout and zeitgeist. Following that remarkable state dinner across 28 00:01:40,160 --> 00:01:43,120 Speaker 1: the Pond the other evening, Roger Fisk is here. It's 29 00:01:43,160 --> 00:01:45,839 Speaker 1: his first time on the program. He's in studio, Democratic 30 00:01:45,840 --> 00:01:50,840 Speaker 1: strategist Obama Administration, a lum former Senior aide of Communication 31 00:01:50,880 --> 00:01:55,120 Speaker 1: and policy for Senator John Kerry, and Brian Darling is back. 32 00:01:55,160 --> 00:01:59,280 Speaker 1: He's the former senior communications director to Senator Rampaul, founder 33 00:01:59,320 --> 00:02:01,720 Speaker 1: of Liberty from An Affairs, and Shannon Petty piece my 34 00:02:01,760 --> 00:02:05,640 Speaker 1: good friend. I workout, buddy. Trade Talk, Trade talk, heating 35 00:02:05,720 --> 00:02:08,840 Speaker 1: up across the Pond as the as they say, with 36 00:02:08,880 --> 00:02:12,200 Speaker 1: a very special relationship between the U S and the 37 00:02:12,320 --> 00:02:15,400 Speaker 1: U K. Let's start with trade. Roger Frisk. Fisk. Roger 38 00:02:15,480 --> 00:02:19,040 Speaker 1: Fisk is Democratic strategist. Uh. He has also served in 39 00:02:19,080 --> 00:02:22,720 Speaker 1: the Obama administration. He's the former senior aide to Senator 40 00:02:22,840 --> 00:02:26,960 Speaker 1: John Kerry, Bryan Darling's back, former COMPS director for Republican 41 00:02:27,000 --> 00:02:30,320 Speaker 1: Senator Ram Paul, founder of Liberty Government Affairs, and Janet 42 00:02:30,320 --> 00:02:32,160 Speaker 1: Petty piece. So I want to start with Bloomberg News 43 00:02:32,160 --> 00:02:34,800 Speaker 1: White House reporter. All right, so we got this massive 44 00:02:34,880 --> 00:02:39,560 Speaker 1: press conference with Theresa May as well as President Donald Trump. 45 00:02:39,639 --> 00:02:42,960 Speaker 1: What do you make of the trade talk between these 46 00:02:42,960 --> 00:02:46,000 Speaker 1: two world leaders. Well, I guess I would just remind 47 00:02:46,040 --> 00:02:48,079 Speaker 1: everyone that we're about two and a half years in 48 00:02:48,240 --> 00:02:50,960 Speaker 1: and we still don't really have a grand trade deal 49 00:02:51,240 --> 00:02:55,560 Speaker 1: from any of these countries or trade negotiations that we've attempted. 50 00:02:55,680 --> 00:02:57,880 Speaker 1: U S m c A seemed to be the closest 51 00:02:58,280 --> 00:03:01,399 Speaker 1: uh that now seems to be on potentially on life 52 00:03:01,400 --> 00:03:04,240 Speaker 1: support with talk about putting these Mexican tariffs in it. 53 00:03:04,480 --> 00:03:07,720 Speaker 1: Um really seems unlikely that's going to get past the 54 00:03:07,800 --> 00:03:13,360 Speaker 1: House before the elections. China trade talks have um, you know, 55 00:03:13,440 --> 00:03:15,280 Speaker 1: also gone on life support. I guess, I would say 56 00:03:15,280 --> 00:03:17,720 Speaker 1: in the past few weeks. So, I mean, despite the 57 00:03:17,720 --> 00:03:20,720 Speaker 1: President continuing to talk about how he can strike a 58 00:03:20,720 --> 00:03:23,120 Speaker 1: deal with the UK or Japan, where I was just 59 00:03:23,400 --> 00:03:26,520 Speaker 1: um a week ago. We really haven't seen any results 60 00:03:26,560 --> 00:03:29,040 Speaker 1: from all that time. President Trump at that press conference 61 00:03:29,120 --> 00:03:32,480 Speaker 1: taking questions about what he will do with regards to 62 00:03:32,600 --> 00:03:36,200 Speaker 1: increasing tariffs on Mexico. Here's President Trump at that press 63 00:03:36,200 --> 00:03:39,040 Speaker 1: conference earlier today. We are going to see if we 64 00:03:39,080 --> 00:03:41,160 Speaker 1: can do something, but I think it's more likely that 65 00:03:41,200 --> 00:03:44,960 Speaker 1: the tariffs go on, and we'll probably be talking during 66 00:03:44,960 --> 00:03:46,680 Speaker 1: the time that the tariffs are on and they're going 67 00:03:46,720 --> 00:03:49,160 Speaker 1: to be paid. Brian, I'm hard pressed to find a 68 00:03:49,200 --> 00:03:52,280 Speaker 1: Republican on Capitol Hill who who likes these tariffs. Yesterday 69 00:03:52,320 --> 00:03:55,520 Speaker 1: we heard from Senator Joanie Earnest, Republican from Iowa. But 70 00:03:55,800 --> 00:03:57,800 Speaker 1: why is the president doing this when the party isn't 71 00:03:57,840 --> 00:04:01,680 Speaker 1: on his side? Well, today Ran Paul made some statements 72 00:04:01,680 --> 00:04:04,000 Speaker 1: that he has some heartburn over the tariffs. So I 73 00:04:04,280 --> 00:04:07,560 Speaker 1: think that the reason why is that, um, these tariffs 74 00:04:07,560 --> 00:04:09,760 Speaker 1: are more of a threat than anything else. I mean, 75 00:04:10,080 --> 00:04:12,720 Speaker 1: they increase every month by five percent. I think it's 76 00:04:12,720 --> 00:04:15,560 Speaker 1: a negotiating tactic to force Mexico to come to the 77 00:04:15,560 --> 00:04:19,040 Speaker 1: table on immigration issues. I don't think maybe the first 78 00:04:19,120 --> 00:04:21,880 Speaker 1: round will go in in place, but I can't see 79 00:04:21,880 --> 00:04:24,320 Speaker 1: them getting all the way up to twenty set a 80 00:04:24,400 --> 00:04:27,920 Speaker 1: majority leader Mitch McConnell, Republican from Kentucky. He also had 81 00:04:28,080 --> 00:04:30,760 Speaker 1: your your old boss is negat the woods. He also 82 00:04:30,800 --> 00:04:33,920 Speaker 1: has some political heartburn. Brian, here's the Senate majority leader 83 00:04:34,160 --> 00:04:37,560 Speaker 1: talking tariffs earlier. I think it's safe to say you've talked. 84 00:04:37,600 --> 00:04:40,400 Speaker 1: All of our members were not fans of tariffs. We're 85 00:04:40,400 --> 00:04:44,240 Speaker 1: still hoping that this can be avoided. So, Roger, is 86 00:04:44,279 --> 00:04:48,320 Speaker 1: this an effort to get Mexico to get on board 87 00:04:48,320 --> 00:04:50,840 Speaker 1: with US m c A and immigration or really just 88 00:04:50,880 --> 00:04:53,880 Speaker 1: to shake things up for Democrats to bring Speaker Nancy 89 00:04:53,920 --> 00:04:57,520 Speaker 1: Pelosi to the negotiation table to get her to get 90 00:04:57,520 --> 00:05:00,680 Speaker 1: a vote on aptitude point. Oh No, I don't think it's. 91 00:05:00,720 --> 00:05:04,039 Speaker 1: I don't think that there's any pattern um of the 92 00:05:04,080 --> 00:05:08,239 Speaker 1: president's activities that suggest that he sees the connective tissue 93 00:05:08,320 --> 00:05:12,480 Speaker 1: between all of these things. It just is is erradic 94 00:05:12,640 --> 00:05:15,599 Speaker 1: ricocheting of grievance over and over. And what's sad is 95 00:05:15,640 --> 00:05:17,720 Speaker 1: that I think a lot of us have come to 96 00:05:17,800 --> 00:05:20,360 Speaker 1: grips with the fact that he a doesn't know what 97 00:05:20,400 --> 00:05:22,840 Speaker 1: he's doing and be really doesn't even have an appetite 98 00:05:22,880 --> 00:05:25,839 Speaker 1: to learn how to do his job, but the idea 99 00:05:25,920 --> 00:05:28,760 Speaker 1: that he is surrounded by people and no one can 100 00:05:28,839 --> 00:05:32,120 Speaker 1: sit him down to lay let him know exactly who 101 00:05:32,160 --> 00:05:35,440 Speaker 1: pays tariffs. He talks about this, especially in the Chinese context, 102 00:05:35,480 --> 00:05:37,400 Speaker 1: and I'm not looking to dodge the Mexican thing, but 103 00:05:37,600 --> 00:05:40,440 Speaker 1: as if, like the U. S. Treasury is just swollen 104 00:05:40,800 --> 00:05:44,200 Speaker 1: with billions of dollars that are transferred from the Chinese government, 105 00:05:44,320 --> 00:05:47,159 Speaker 1: and the idea that no one around him like being 106 00:05:47,240 --> 00:05:49,720 Speaker 1: good staff. And maybe Brian and I can agree on this. 107 00:05:50,200 --> 00:05:54,279 Speaker 1: Being good staff is not the recipe. Uh you know, 108 00:05:54,360 --> 00:05:57,839 Speaker 1: being popular with your boss is not the definition of 109 00:05:57,880 --> 00:06:00,120 Speaker 1: being good staff. I feel this is a challenge. I'm 110 00:06:00,120 --> 00:06:02,279 Speaker 1: gonna find an area, Shannon, where I can get Roger 111 00:06:02,320 --> 00:06:04,599 Speaker 1: and Brian by the time the show's over to get 112 00:06:04,640 --> 00:06:06,520 Speaker 1: them to agree on what actually I already found it. 113 00:06:06,520 --> 00:06:08,720 Speaker 1: They agree on the New England Patriots, which is abominable. 114 00:06:09,400 --> 00:06:12,080 Speaker 1: Patriots are the worst team ever. I'm a Philly Eagles 115 00:06:12,080 --> 00:06:13,960 Speaker 1: fan and listeners of the show know that. But I'll 116 00:06:13,960 --> 00:06:17,599 Speaker 1: get back on message here. Christine Rotto are pay to 117 00:06:17,960 --> 00:06:22,160 Speaker 1: the right to be wrong. Okay, I see now I'm 118 00:06:22,200 --> 00:06:24,279 Speaker 1: off message because I can't stand the New England patriots 119 00:06:24,680 --> 00:06:27,960 Speaker 1: or Senator Dick Durban talking about the impact to to 120 00:06:28,200 --> 00:06:32,120 Speaker 1: Roger's point about UH consumers and the prices that consumers 121 00:06:32,120 --> 00:06:35,560 Speaker 1: are gonna pay on tariffs here, Senator Dick Durban, there 122 00:06:35,560 --> 00:06:38,119 Speaker 1: will be an impact on the price of goods coming 123 00:06:38,200 --> 00:06:40,800 Speaker 1: back and forth between the United States and Mexico. That 124 00:06:41,040 --> 00:06:43,560 Speaker 1: is going to raise prices on consumers. It's going to 125 00:06:43,720 --> 00:06:47,560 Speaker 1: cost American jobs and frankly, it's going to hurt my farmers. 126 00:06:47,600 --> 00:06:49,640 Speaker 1: To be very blunt with you, who have taken a 127 00:06:49,640 --> 00:06:53,719 Speaker 1: beating already with this war with China, Shannon Roger said 128 00:06:53,720 --> 00:06:55,760 Speaker 1: he didn't want to. You know, it's hard to look 129 00:06:55,800 --> 00:06:58,000 Speaker 1: at one trade front and ignore the other because it 130 00:06:58,480 --> 00:07:02,640 Speaker 1: increasingly looks like they're all starting to blur together. And 131 00:07:02,720 --> 00:07:05,600 Speaker 1: tomorrow at the White House, now we are getting word 132 00:07:05,640 --> 00:07:08,200 Speaker 1: Secretary of State Mike Pompeo is going to be meeting 133 00:07:08,480 --> 00:07:11,640 Speaker 1: at the White House with the delegation from Mexico. What 134 00:07:11,680 --> 00:07:13,320 Speaker 1: can you tell us about that? Well, and I think 135 00:07:13,360 --> 00:07:16,520 Speaker 1: actually the Vice president is now getting involved, going to 136 00:07:16,560 --> 00:07:18,080 Speaker 1: lead it. I'm not sure Pompeos will be there, but 137 00:07:18,120 --> 00:07:19,800 Speaker 1: the vice presidents are of taking the reins of this, 138 00:07:19,880 --> 00:07:22,360 Speaker 1: and the vice presidents an interesting figure in all this 139 00:07:22,440 --> 00:07:25,480 Speaker 1: because he comes from an agg state, a manufacturing state. 140 00:07:25,560 --> 00:07:28,320 Speaker 1: He's sort of operated in some sense as the liaison 141 00:07:28,440 --> 00:07:30,920 Speaker 1: between the business community and the AGG community and the 142 00:07:30,920 --> 00:07:32,840 Speaker 1: White House because he's someone they know and sort of 143 00:07:32,840 --> 00:07:37,320 Speaker 1: a familiar face. Um. But yeah, I mean, the interesting 144 00:07:37,360 --> 00:07:41,119 Speaker 1: thing about this is that the number one selling point 145 00:07:41,200 --> 00:07:44,600 Speaker 1: that the Trump campaign feels it has is the economy. 146 00:07:44,640 --> 00:07:47,600 Speaker 1: And they do have a strong economy. Uh, that's not 147 00:07:47,840 --> 00:07:50,720 Speaker 1: and they are thinking that The calculation is that voters 148 00:07:50,720 --> 00:07:55,080 Speaker 1: will look past twitter Trump, they'll look past things they 149 00:07:55,120 --> 00:07:59,440 Speaker 1: find unsavory or are they disagree with him on because 150 00:07:59,440 --> 00:08:03,040 Speaker 1: the economy is so good. So we now have enough 151 00:08:03,120 --> 00:08:05,800 Speaker 1: time between now in the election for tariffs and a 152 00:08:05,840 --> 00:08:09,120 Speaker 1: trade war to actually slow down the economy. Uh, that 153 00:08:09,200 --> 00:08:11,840 Speaker 1: type of thing usually takes a while to you know, 154 00:08:11,920 --> 00:08:14,240 Speaker 1: the wheels of the economy take a while to slow down. 155 00:08:14,280 --> 00:08:16,360 Speaker 1: But there's plenty of time now for a trade war 156 00:08:16,400 --> 00:08:19,360 Speaker 1: with China to slow down the economy. But it hasn't yet. 157 00:08:19,480 --> 00:08:21,600 Speaker 1: That's the thing. I mean, Well, it takes time, though, 158 00:08:21,640 --> 00:08:23,680 Speaker 1: it takes a little bit of while. Well, but I 159 00:08:23,720 --> 00:08:24,960 Speaker 1: mean not to cut you off, but I mean I 160 00:08:25,000 --> 00:08:27,680 Speaker 1: would say too, but nobody gets a tariff tax on 161 00:08:27,720 --> 00:08:30,520 Speaker 1: the bottom of their receipt at Walmart. So to the extent, 162 00:08:35,160 --> 00:08:37,880 Speaker 1: it's gonna be a question whether consumers put that together, 163 00:08:37,960 --> 00:08:39,640 Speaker 1: that these tariffs are going to be put together with 164 00:08:39,679 --> 00:08:42,160 Speaker 1: a higher price than grocery store or job because some 165 00:08:42,240 --> 00:08:44,240 Speaker 1: of the tariffs won't even go into effect. I mean, 166 00:08:44,360 --> 00:08:47,640 Speaker 1: I honestly don't see these Mexican tariffs staying on for 167 00:08:47,679 --> 00:08:50,040 Speaker 1: a long period of time. It's a way to leverage 168 00:08:50,040 --> 00:08:53,280 Speaker 1: and pressure Mexico to do more in immigration on China. 169 00:08:53,520 --> 00:08:55,720 Speaker 1: The ultimate goal is to get rid of tariffs and 170 00:08:55,720 --> 00:08:59,079 Speaker 1: to force China to stop stealing our technology and doing 171 00:08:59,120 --> 00:09:01,400 Speaker 1: a lot of things that they shouldn't be doing that 172 00:09:01,559 --> 00:09:05,200 Speaker 1: violate international trade norm So ultimately the goal is to 173 00:09:05,200 --> 00:09:07,520 Speaker 1: get rid of these tariffs and have more free trade. 174 00:09:07,800 --> 00:09:10,120 Speaker 1: We're just not there yet and we have to leverage that. 175 00:09:10,240 --> 00:09:12,520 Speaker 1: But ultimately, the economy is doing great right now, so 176 00:09:12,559 --> 00:09:14,920 Speaker 1: I think the American people will be okay with it 177 00:09:15,000 --> 00:09:19,000 Speaker 1: until they see some harm. The weird thing to me, uh, 178 00:09:19,080 --> 00:09:20,800 Speaker 1: there's a couple of weird things, and all this is 179 00:09:20,800 --> 00:09:24,920 Speaker 1: one he The pattern is he thinks once you do 180 00:09:25,000 --> 00:09:28,120 Speaker 1: the press announcement, somehow the policy just kind of naturally 181 00:09:28,360 --> 00:09:32,160 Speaker 1: falls into place right so June he just says there 182 00:09:32,240 --> 00:09:34,920 Speaker 1: is no threat from North Korea, not not that there's 183 00:09:34,920 --> 00:09:37,880 Speaker 1: any diplomatic work or achievements or anything you could point 184 00:09:37,920 --> 00:09:41,360 Speaker 1: to or touch that was actually achieved, and and then 185 00:09:41,400 --> 00:09:43,840 Speaker 1: he just starts to refer to it as an achievement, 186 00:09:43,920 --> 00:09:47,200 Speaker 1: similar to the press conference where they just announced a 187 00:09:47,240 --> 00:09:50,400 Speaker 1: series of kind of vague notions about immigration, and he's 188 00:09:50,440 --> 00:09:53,600 Speaker 1: already referring to it as his plan, although it has 189 00:09:53,600 --> 00:09:57,240 Speaker 1: not taken a legislative shape at all. This idea that 190 00:09:57,440 --> 00:10:01,680 Speaker 1: the force of personality UH can do things irrespective of 191 00:10:01,720 --> 00:10:06,080 Speaker 1: the machinery of diplomacy is completely off base, and no, 192 00:10:06,080 --> 00:10:08,320 Speaker 1: no example is better than China. There's two sets of 193 00:10:08,320 --> 00:10:10,600 Speaker 1: talks that go back to the Nixon administration, the Joint 194 00:10:10,600 --> 00:10:13,400 Speaker 1: Commission for Commerce and Trade and the Security and Economic 195 00:10:13,440 --> 00:10:18,040 Speaker 1: Dialogue that all involve commerce, Treasury, ag USTR, etcetera. Those 196 00:10:18,080 --> 00:10:22,319 Speaker 1: are all dormant now shut down as working groups by 197 00:10:22,320 --> 00:10:26,600 Speaker 1: the Trump administration because somehow his chemistry with his counterpart 198 00:10:26,920 --> 00:10:29,360 Speaker 1: is and that combined with the press announcements, is just 199 00:10:29,400 --> 00:10:31,880 Speaker 1: gonna work the stuff out some Roger Fisk making his 200 00:10:31,960 --> 00:10:35,160 Speaker 1: debut on Bloomberg Radio Sound on Brian Darling Station and 201 00:10:35,360 --> 00:10:38,160 Speaker 1: Petty Pea sticks around. Coming up, we check in with 202 00:10:38,240 --> 00:10:42,959 Speaker 1: Liz Harrington, Republican National Committee spokesperson, plus Congressman David Cicillini, 203 00:10:43,080 --> 00:10:46,920 Speaker 1: Democrat from Rhode Island, taking on big tech. I'm Kevin CURRELLI. 204 00:10:46,960 --> 00:10:54,959 Speaker 1: You're listening to Bloomberg. You're listening to sound On with 205 00:10:55,040 --> 00:10:59,200 Speaker 1: Kevin Surreally on Bloomberg one and one oh five point 206 00:10:59,240 --> 00:11:03,120 Speaker 1: seven of them eight bo there a time. I'm Kevin CURRELLI, 207 00:11:03,240 --> 00:11:07,240 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. President 208 00:11:07,240 --> 00:11:10,840 Speaker 1: Trump is across the pond. He said, it's Ireland tomorrow. 209 00:11:11,040 --> 00:11:14,640 Speaker 1: I believe the Mexico delegation meanwhile, is meeting at the 210 00:11:14,679 --> 00:11:18,640 Speaker 1: White House tomorrow with Vice President Mike Pen's tariffs, tariffs, tariffs. 211 00:11:18,960 --> 00:11:20,880 Speaker 1: But did you see the State dinner the other night? 212 00:11:20,880 --> 00:11:23,040 Speaker 1: Did you see all the pageantry of the State dinner? 213 00:11:23,040 --> 00:11:25,360 Speaker 1: Who needs to watch The Crown on Netflix when you've 214 00:11:25,360 --> 00:11:29,880 Speaker 1: got these images coming out of Buckingham Palace. We've got 215 00:11:29,960 --> 00:11:33,959 Speaker 1: an all star panel to help navigate the politics, policy 216 00:11:34,360 --> 00:11:38,960 Speaker 1: and pageantry. Roger Bisk his debut on the program, Democratic strategist, 217 00:11:39,240 --> 00:11:42,880 Speaker 1: former Obama administration alum. He also was a senior aide 218 00:11:42,880 --> 00:11:46,640 Speaker 1: to then Senator John Kerry, Brian Darling, former COMS director 219 00:11:46,720 --> 00:11:50,520 Speaker 1: for Senator Rampaul, founder of Liberty Government Affairs, and Shannon 220 00:11:50,559 --> 00:11:54,480 Speaker 1: Petty Peace Bloomberg News White House reporter, Shannon, what don't 221 00:11:54,480 --> 00:11:56,480 Speaker 1: you make of all the state dinner the other day? 222 00:11:56,880 --> 00:11:59,800 Speaker 1: You know, it's the second state dinner I've watched in 223 00:12:00,080 --> 00:12:02,040 Speaker 1: like two weeks or something. We were I was just 224 00:12:02,120 --> 00:12:04,720 Speaker 1: in Japan. They did a state dinner there. Um, you 225 00:12:04,760 --> 00:12:08,439 Speaker 1: know which is better? Which was better? Good question? I'm 226 00:12:08,480 --> 00:12:10,400 Speaker 1: going to have to say, watching on TV the UK 227 00:12:10,559 --> 00:12:13,120 Speaker 1: State the Queen knows how to do it. She does. 228 00:12:13,559 --> 00:12:16,120 Speaker 1: I mean, the Japanese Imperial family don't mess around with them, 229 00:12:16,120 --> 00:12:18,880 Speaker 1: but the Queen. I'm sorry. I've watched the Crown you know. 230 00:12:18,960 --> 00:12:21,599 Speaker 1: Do you see the gift that the queen gave to 231 00:12:21,760 --> 00:12:24,160 Speaker 1: President Trump? It was the Church Hill Book? Yeah, what 232 00:12:24,200 --> 00:12:28,320 Speaker 1: was up with that? I don't I Some people suggest 233 00:12:28,360 --> 00:12:29,920 Speaker 1: that there was some sort of trolling there with the 234 00:12:29,960 --> 00:12:32,640 Speaker 1: Church Hill Book. I don't know the dynamics that. I'm 235 00:12:32,640 --> 00:12:37,320 Speaker 1: not gonna put any STU trolling into the Queen's mouth. Ryan, Hey, 236 00:12:37,400 --> 00:12:39,960 Speaker 1: I I wasn take on the Queen I like the toast. 237 00:12:40,400 --> 00:12:42,800 Speaker 1: I was very What did you like about the toast? 238 00:12:43,320 --> 00:12:45,760 Speaker 1: I mean there were there were long toasts. They were 239 00:12:45,800 --> 00:12:48,800 Speaker 1: a good little snippet of history, I thought. And I 240 00:12:48,800 --> 00:12:51,520 Speaker 1: thought Donald Trump did a pretty good job with his toast. Um. 241 00:12:52,080 --> 00:12:54,880 Speaker 1: You know, it's fun to watch it. I mean, it's 242 00:12:54,880 --> 00:12:56,960 Speaker 1: fun to watch the president. We all expect him to 243 00:12:57,000 --> 00:13:00,400 Speaker 1: do something inappropriate, but he didn't. I think he actually 244 00:13:00,440 --> 00:13:02,960 Speaker 1: stood up and did a pretty good job. So and 245 00:13:03,480 --> 00:13:05,840 Speaker 1: with all the naysayers, I think he stood up and 246 00:13:05,880 --> 00:13:08,520 Speaker 1: did a great job for America. It's interesting on both 247 00:13:08,520 --> 00:13:11,680 Speaker 1: these trips there is again like the Twitter Trump, which 248 00:13:11,800 --> 00:13:14,839 Speaker 1: on the Japan trip, uh, you know, and and right 249 00:13:14,840 --> 00:13:17,320 Speaker 1: before landing in the you know, UK, there is a 250 00:13:17,320 --> 00:13:21,040 Speaker 1: Twitter Trump, and then there is the formal statesman Trump, 251 00:13:21,080 --> 00:13:24,960 Speaker 1: who goes to these events, is polite, is charismatic, you 252 00:13:25,000 --> 00:13:27,840 Speaker 1: know as greeting people. And yeah, that's what I struggle 253 00:13:27,880 --> 00:13:29,920 Speaker 1: with on the Japan trip, you know, it was kind 254 00:13:29,920 --> 00:13:32,560 Speaker 1: of putting together these two worlds because we would see 255 00:13:32,640 --> 00:13:36,040 Speaker 1: him and then he would go back to the residents 256 00:13:36,160 --> 00:13:39,760 Speaker 1: and tweet, and it was a difficult market was Megan 257 00:13:39,840 --> 00:13:44,760 Speaker 1: Markel at the dinner last night. I think, especially after 258 00:13:44,800 --> 00:13:47,160 Speaker 1: the back and forth with the tabloid stuff. Here's President 259 00:13:47,160 --> 00:13:51,800 Speaker 1: Trump talking not about Megan Markel, but about UK trade deal. 260 00:13:52,080 --> 00:13:54,960 Speaker 1: Here's President Trump on trade in the UK. I think 261 00:13:55,040 --> 00:13:58,439 Speaker 1: we'll have a very very substantial trade deal. It'll be 262 00:13:58,559 --> 00:14:01,520 Speaker 1: very fair deal. And I think that this is something 263 00:14:01,559 --> 00:14:03,760 Speaker 1: that your folks want to do. My folks want to do, 264 00:14:03,920 --> 00:14:06,360 Speaker 1: and we want to do, and we're going to get 265 00:14:06,360 --> 00:14:08,679 Speaker 1: it done. But in the next breath, at that joint 266 00:14:08,679 --> 00:14:12,439 Speaker 1: press conference earlier today with British Prime Minister Theresa May, 267 00:14:12,480 --> 00:14:15,800 Speaker 1: he also doubled down on his support of Brexit. Here's 268 00:14:15,800 --> 00:14:19,480 Speaker 1: President Trump on Brexit. I would think that it will happen, 269 00:14:19,680 --> 00:14:22,600 Speaker 1: and it probably should happen. This is a great, great 270 00:14:22,640 --> 00:14:27,440 Speaker 1: country and it wants its own identity. Roger Fisk, Democratic strategists. 271 00:14:27,440 --> 00:14:29,800 Speaker 1: You've worked in the Obama administration, former senior aide to 272 00:14:29,880 --> 00:14:32,880 Speaker 1: John Kerry. I mean, this is the president who feels 273 00:14:32,920 --> 00:14:38,960 Speaker 1: a lot of ideological parallels with his ascendancy into power 274 00:14:39,400 --> 00:14:44,000 Speaker 1: and with Brexit. No, I think so. I think that's fair. Um, 275 00:14:44,120 --> 00:14:47,200 Speaker 1: And I think even Bannon said when the first Brexit 276 00:14:47,280 --> 00:14:49,720 Speaker 1: vote happened that you know that that was some very 277 00:14:49,760 --> 00:14:56,160 Speaker 1: positive fair winds for the for the Trump administration. I know, 278 00:14:56,280 --> 00:14:58,240 Speaker 1: I I you know, with this pin that I'm wearing 279 00:14:58,440 --> 00:15:01,360 Speaker 1: is honoring the young men and women who served in 280 00:15:01,400 --> 00:15:03,720 Speaker 1: World War one hundred years ago. And when you think 281 00:15:03,720 --> 00:15:07,520 Speaker 1: of the world, the framework that came out of that, 282 00:15:07,680 --> 00:15:11,680 Speaker 1: and then the prosperity and the peace um obviously with 283 00:15:11,720 --> 00:15:14,040 Speaker 1: the challenge of World War two, but still the framework 284 00:15:14,120 --> 00:15:16,480 Speaker 1: that's was started after World War One, and how that 285 00:15:16,520 --> 00:15:20,520 Speaker 1: has served us. It's completely contrary to the President's vision 286 00:15:20,760 --> 00:15:22,640 Speaker 1: of what this country has been through in the last 287 00:15:22,640 --> 00:15:25,960 Speaker 1: seven years. If you listen to the President described the 288 00:15:26,040 --> 00:15:29,080 Speaker 1: United States in the global context of the last semifive years, 289 00:15:29,200 --> 00:15:31,720 Speaker 1: he portrays it as one of victim. He portrays it 290 00:15:31,760 --> 00:15:35,120 Speaker 1: as one as of doormat. He he uses these words 291 00:15:35,320 --> 00:15:39,400 Speaker 1: when by all accounts, the period after World War Two 292 00:15:39,480 --> 00:15:42,520 Speaker 1: leading into right now has been largely driven by and 293 00:15:42,720 --> 00:15:46,240 Speaker 1: the US has profited from a global order that essentially 294 00:15:46,320 --> 00:15:49,360 Speaker 1: is of our reflects a lot of the contours of 295 00:15:49,400 --> 00:15:52,760 Speaker 1: what we desire it to be. I don't know why 296 00:15:52,840 --> 00:15:55,400 Speaker 1: he needs to, you know, kind of put things in 297 00:15:55,480 --> 00:15:57,720 Speaker 1: that in that victim kind of dynamic. He does it 298 00:15:57,760 --> 00:15:59,920 Speaker 1: with himself all the time. As you'll see, he's both 299 00:16:00,080 --> 00:16:04,320 Speaker 1: chimp champion and the victim of virtually every situation. Um. 300 00:16:04,360 --> 00:16:06,440 Speaker 1: But I agree with Brian, and I agree with what 301 00:16:06,440 --> 00:16:09,400 Speaker 1: you're saying earlier, and it says something I think about 302 00:16:09,400 --> 00:16:12,600 Speaker 1: our civic appetite that's kind of part of our DNA's Americans. 303 00:16:12,800 --> 00:16:16,360 Speaker 1: When I see him actually, you know, string together six 304 00:16:16,440 --> 00:16:19,920 Speaker 1: or seven coherent sentences that contain things like history and 305 00:16:20,000 --> 00:16:25,400 Speaker 1: respect and gratitude and humility, I feel myself like as 306 00:16:25,400 --> 00:16:27,600 Speaker 1: if I haven't drank water in ten days and I've 307 00:16:27,640 --> 00:16:30,720 Speaker 1: just stumbled on a cold gallon, Like God, I I 308 00:16:30,720 --> 00:16:33,360 Speaker 1: I miss what that's like instead of the fire hose 309 00:16:36,440 --> 00:16:41,880 Speaker 1: is what he's coming around. I mean, when you heard 310 00:16:42,120 --> 00:16:45,680 Speaker 1: uh President Trump talking about Brexit, I think he's basically 311 00:16:46,200 --> 00:16:49,440 Speaker 1: saying that the people voted for it, the people wanted it, 312 00:16:49,560 --> 00:16:52,120 Speaker 1: and the country should go along with it. And obviously 313 00:16:52,200 --> 00:16:54,080 Speaker 1: they've had a hard time figuring out how to get 314 00:16:54,120 --> 00:16:57,680 Speaker 1: to that endpoint of uh, the actual Brexit. But you know, 315 00:16:57,800 --> 00:17:01,320 Speaker 1: you look at Trump's election, you look bregsit. There is 316 00:17:01,360 --> 00:17:04,840 Speaker 1: a rebellion against some of the problems that we've had 317 00:17:04,880 --> 00:17:08,840 Speaker 1: with globalism, and the reaction to that is without question 318 00:17:08,920 --> 00:17:13,280 Speaker 1: the shadow over the next election cycle that we are 319 00:17:13,920 --> 00:17:17,040 Speaker 1: about to experience. Roger Fisk stays, Brian Darling station, and 320 00:17:17,080 --> 00:17:20,160 Speaker 1: Petty Peace stays coming up. Liz Harrington calls in Republican 321 00:17:20,240 --> 00:17:24,200 Speaker 1: National Committee spokesperson, Plus, we'll hear from Congressman David Cicillini. 322 00:17:24,600 --> 00:17:28,000 Speaker 1: He's a Democrat from Rhode Island who is well launching 323 00:17:28,040 --> 00:17:31,320 Speaker 1: an investigation into big tech. Download the Sound On podcast 324 00:17:31,359 --> 00:17:34,360 Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading 325 00:17:34,359 --> 00:17:36,400 Speaker 1: the Bloomberg Business app. You can also check us out 326 00:17:36,400 --> 00:17:39,600 Speaker 1: on Radio dot com, I Heart Radio and Spotify. I 327 00:17:39,880 --> 00:17:42,879 Speaker 1: Kevin CERELLI, what a beautiful day here in Washington, d C. 328 00:17:43,040 --> 00:17:52,480 Speaker 1: You're listening to Bloomberg. You're listening to Sound On with 329 00:17:52,560 --> 00:17:56,760 Speaker 1: Kevin cereally on Bloomberg one and one oh five point 330 00:17:56,840 --> 00:17:59,680 Speaker 1: seven of m h D two Baltimore. Such a great 331 00:17:59,720 --> 00:18:02,439 Speaker 1: song on such a beautiful day. Joining us on the 332 00:18:02,440 --> 00:18:06,919 Speaker 1: phone line, Liz Harrington, Republican National Committee Spokesperson, Liz, I 333 00:18:06,920 --> 00:18:09,040 Speaker 1: know you're busy, so let's get right to it. The 334 00:18:09,080 --> 00:18:13,200 Speaker 1: president's talking tariffs abroad, but a lot of Republicans are 335 00:18:14,000 --> 00:18:18,120 Speaker 1: uneasy about the economic angst that this is injecting into 336 00:18:18,160 --> 00:18:21,720 Speaker 1: the economy. What does the Republican Party, how does the 337 00:18:21,720 --> 00:18:25,520 Speaker 1: Republican Party feel about that? Well, First and foremost, the 338 00:18:25,600 --> 00:18:29,199 Speaker 1: President wants to fix the crisis on the border and 339 00:18:29,240 --> 00:18:31,800 Speaker 1: he wants to use any tool in his arsenal in 340 00:18:31,920 --> 00:18:34,919 Speaker 1: order to do so. And the fact is Democrats and 341 00:18:35,000 --> 00:18:39,320 Speaker 1: Congress aren't willing to fix close the loopholes in our 342 00:18:39,320 --> 00:18:43,639 Speaker 1: asylum laws, and Mexico hasn't been willing. They've had a 343 00:18:43,640 --> 00:18:45,720 Speaker 1: lot of talk, but they haven't been willing to address 344 00:18:46,440 --> 00:18:50,840 Speaker 1: core issues in their country, securing their border with Guatemala, 345 00:18:51,080 --> 00:18:54,320 Speaker 1: accepting more asylum seekers on their own, and other issues. 346 00:18:54,720 --> 00:18:58,880 Speaker 1: They haven't met those things. So this is another negotiating tactic, 347 00:18:59,320 --> 00:19:02,919 Speaker 1: a thing that we really need Mexico to do and 348 00:19:03,000 --> 00:19:06,960 Speaker 1: to follow through on actions, not just talk. And this 349 00:19:07,040 --> 00:19:11,160 Speaker 1: is clearly just another uh negotiating tool for the president 350 00:19:11,240 --> 00:19:13,560 Speaker 1: to use because this is a crisis. This is a 351 00:19:13,680 --> 00:19:17,520 Speaker 1: national security crisis, it's the humanitarian crisis. We had Just 352 00:19:17,640 --> 00:19:22,360 Speaker 1: last week over a thousand people arrested in one group 353 00:19:23,040 --> 00:19:25,679 Speaker 1: crossing our country and this is a huge problem. We 354 00:19:25,720 --> 00:19:29,199 Speaker 1: can't keep track of these people once they're entered. The 355 00:19:29,200 --> 00:19:34,240 Speaker 1: loopholes from extreme left wing court orders as well have 356 00:19:34,760 --> 00:19:38,760 Speaker 1: caused this exacerbated this problem where they show up with 357 00:19:38,800 --> 00:19:42,359 Speaker 1: a child that may or may not be related to them, 358 00:19:42,400 --> 00:19:45,440 Speaker 1: that may have been rented actually by a drug cartel 359 00:19:45,720 --> 00:19:49,439 Speaker 1: who is exploiting our loopholes in the system, and then 360 00:19:49,440 --> 00:19:51,320 Speaker 1: they're admitted back in the country. So we have to 361 00:19:51,320 --> 00:19:54,720 Speaker 1: fix this problem in Mexico certainly is capable of helping 362 00:19:54,800 --> 00:19:56,720 Speaker 1: us do so. But what do you But what do you? 363 00:19:57,160 --> 00:20:00,440 Speaker 1: What do you say to people like Senator Joey Yarnst 364 00:20:00,840 --> 00:20:03,679 Speaker 1: or some of these other Republicans who I was on 365 00:20:03,720 --> 00:20:05,960 Speaker 1: I gotta be candid here in the past day and 366 00:20:06,000 --> 00:20:07,840 Speaker 1: a half or so, I was up on Capitol Hill, 367 00:20:07,880 --> 00:20:11,480 Speaker 1: and I'm hard pressed to find a Republican lawmaker who 368 00:20:12,040 --> 00:20:15,399 Speaker 1: who likes these tariffs. Not that they agree with everything 369 00:20:15,440 --> 00:20:17,960 Speaker 1: you just said on the issue of immigration, but they're 370 00:20:18,000 --> 00:20:22,320 Speaker 1: nervous that this negotiating tactic that you're saying is going 371 00:20:22,400 --> 00:20:25,320 Speaker 1: to negatively impact not just big business, as we always 372 00:20:25,359 --> 00:20:29,320 Speaker 1: talk about big business, but small businesses, farmers, medium sized companies. 373 00:20:29,520 --> 00:20:30,760 Speaker 1: So what do you say to folks who are a 374 00:20:30,760 --> 00:20:34,000 Speaker 1: bit uneasy about the economic impact of raising tariffs not 375 00:20:34,119 --> 00:20:39,160 Speaker 1: just against Mexico, but China, Europe and Japan, uh and 376 00:20:39,160 --> 00:20:41,800 Speaker 1: and a host of other countries. Well, what We know 377 00:20:41,880 --> 00:20:45,679 Speaker 1: they're varying views within the Republican Party on tariffs, but 378 00:20:45,800 --> 00:20:48,159 Speaker 1: I would say I would tell them look at the 379 00:20:48,200 --> 00:20:51,920 Speaker 1: evidence of how this president and this administration has used 380 00:20:51,920 --> 00:20:56,919 Speaker 1: tariffs very tactfully. Throughout this administration. We got Canada to 381 00:20:57,119 --> 00:21:00,800 Speaker 1: the table in order to get a good new trade 382 00:21:00,800 --> 00:21:03,159 Speaker 1: deal with the U. S m c A, which again 383 00:21:03,240 --> 00:21:05,520 Speaker 1: is sitting waiting for Democrats to act on Congress. But 384 00:21:05,560 --> 00:21:07,960 Speaker 1: how did we get that deal. We got just In 385 00:21:08,000 --> 00:21:12,040 Speaker 1: Traudeau back to the table by implementing terrorists and threatening 386 00:21:12,080 --> 00:21:15,600 Speaker 1: more on their dairy industry. And now those terrorists on 387 00:21:15,720 --> 00:21:18,200 Speaker 1: stealing aluminum have been lifted and we have a great 388 00:21:18,240 --> 00:21:22,400 Speaker 1: deal that's awaiting Democrats to act in Congress. On China, well, 389 00:21:22,560 --> 00:21:25,440 Speaker 1: we're also saying progress that will be made. We're not 390 00:21:25,480 --> 00:21:28,280 Speaker 1: going to relent. We're not gonna let them take advantage 391 00:21:29,200 --> 00:21:32,520 Speaker 1: of the bad trade deals of the past. And we 392 00:21:32,840 --> 00:21:37,800 Speaker 1: Americans know that our country has been taken advantage of, 393 00:21:37,920 --> 00:21:42,480 Speaker 1: and we've had these series of bad trade deals, whether 394 00:21:42,520 --> 00:21:45,600 Speaker 1: it was letting China into the World Trade Organization and 395 00:21:45,640 --> 00:21:49,240 Speaker 1: really let them take advantage of us and our economy 396 00:21:49,359 --> 00:21:52,480 Speaker 1: unfettered access to it for decades. And so this is 397 00:21:52,520 --> 00:21:56,359 Speaker 1: a weapon that the President is being is using not 398 00:21:56,520 --> 00:21:59,720 Speaker 1: only to get our allies back to the table to 399 00:21:59,720 --> 00:22:02,639 Speaker 1: get utter trade deals for United States, but also against 400 00:22:02,640 --> 00:22:06,240 Speaker 1: their adversaries because this is a this is a tremendously 401 00:22:06,280 --> 00:22:08,080 Speaker 1: important issue and the America is not going to be 402 00:22:08,119 --> 00:22:10,840 Speaker 1: taken advantage of. We want a strong standing in the world, 403 00:22:11,000 --> 00:22:13,000 Speaker 1: and this is one of the President's court issues that 404 00:22:13,040 --> 00:22:16,119 Speaker 1: he ran on and he promised, uh, he would deliver 405 00:22:16,200 --> 00:22:18,720 Speaker 1: on and so far he has. All Right, Liz Harrington, 406 00:22:18,760 --> 00:22:22,600 Speaker 1: I know you're busy, appreciate your time, Republican National Committee spokesperson. 407 00:22:22,680 --> 00:22:26,720 Speaker 1: That's Liz Harrington. Meanwhile, Shannon Petty piece listening to that interview, 408 00:22:26,760 --> 00:22:29,520 Speaker 1: also tapping away on her phone. She's got a letter 409 00:22:29,560 --> 00:22:33,000 Speaker 1: from Hope Hicks's attorney. Shannon Bloomberg News White House reporter. 410 00:22:33,040 --> 00:22:35,320 Speaker 1: What can you tell us, what's the latest? So um 411 00:22:35,560 --> 00:22:39,119 Speaker 1: we reported earlier today uh Nabbler, the head of the 412 00:22:39,200 --> 00:22:41,040 Speaker 1: Judiciary Committee, had come out and said that the White 413 00:22:41,040 --> 00:22:45,160 Speaker 1: House was blocking Um, Hope Hicks and Annie Donaldson, who 414 00:22:45,200 --> 00:22:48,080 Speaker 1: is the chief of staff to the White House Council, 415 00:22:48,640 --> 00:22:52,280 Speaker 1: from turning over documents that they had in their possession 416 00:22:53,000 --> 00:22:56,080 Speaker 1: that the White House had requested. They not turn over 417 00:22:56,240 --> 00:22:59,200 Speaker 1: or requested, really directed and told them not to turn 418 00:22:59,200 --> 00:23:02,199 Speaker 1: over because they said those documents are the property of 419 00:23:02,240 --> 00:23:04,359 Speaker 1: the White House and that they may be subject to 420 00:23:04,560 --> 00:23:09,200 Speaker 1: executive privilege, which is a sort of murky uh part 421 00:23:09,240 --> 00:23:11,879 Speaker 1: of the law where the president is entitled to have 422 00:23:11,960 --> 00:23:16,560 Speaker 1: a certain level of confidentiality about internal deliberations and discussions, 423 00:23:16,760 --> 00:23:19,800 Speaker 1: um that go on during his time in the president's 424 00:23:19,840 --> 00:23:22,520 Speaker 1: time in the White House. So this is the now 425 00:23:22,760 --> 00:23:26,040 Speaker 1: third time the White House has intervened um. Previously it 426 00:23:26,119 --> 00:23:28,760 Speaker 1: was with the White House Counsel Don McGann and essentially 427 00:23:28,800 --> 00:23:32,960 Speaker 1: told the committee um through the lawyers for these individuals, 428 00:23:33,240 --> 00:23:35,359 Speaker 1: that if they want these documents, they're going to have 429 00:23:35,400 --> 00:23:37,080 Speaker 1: to go to the White House to get them. And 430 00:23:37,119 --> 00:23:41,320 Speaker 1: so right right, I mean in the letter from Hope 431 00:23:41,359 --> 00:23:44,680 Speaker 1: Pix lawyer, he says that these White House documents were 432 00:23:44,680 --> 00:23:47,320 Speaker 1: turned over to Hope Pix to help her prepare for 433 00:23:47,480 --> 00:23:52,120 Speaker 1: interview and testimony in the Muller investigation, but that they 434 00:23:52,119 --> 00:23:55,040 Speaker 1: were turned over to her under those conditions and it 435 00:23:55,200 --> 00:23:59,240 Speaker 1: is not her prerogative or her lawyers um pregative to 436 00:23:59,359 --> 00:24:02,280 Speaker 1: be able to then turn them over to this committee. 437 00:24:02,280 --> 00:24:05,080 Speaker 1: That these documents were given for a specific purpose and 438 00:24:05,280 --> 00:24:07,720 Speaker 1: they're abiding by those rules. Bottom line, we still don't 439 00:24:07,720 --> 00:24:10,199 Speaker 1: know if if she's going to testify, So that is 440 00:24:10,240 --> 00:24:13,160 Speaker 1: the next question. Now she can test it. There's nothing 441 00:24:13,200 --> 00:24:14,840 Speaker 1: the White House can do to stop her from testifying 442 00:24:14,840 --> 00:24:19,000 Speaker 1: about her time uh in the campaign. But again they 443 00:24:19,000 --> 00:24:23,280 Speaker 1: could ask her not to testify, asserting executive privilege, saying 444 00:24:23,320 --> 00:24:26,000 Speaker 1: that the president is entitled to some level of confidentiality 445 00:24:26,000 --> 00:24:28,960 Speaker 1: about conversations he has with his top advisors and that 446 00:24:29,040 --> 00:24:32,560 Speaker 1: they wish for her to refrain from discussing that. Fascinating 447 00:24:32,600 --> 00:24:36,480 Speaker 1: coming up more reaction with Roger fisk Brian Darling, and Shannon. 448 00:24:36,800 --> 00:24:45,959 Speaker 1: I'm Kevin Surilli. You're listening to Bloomberg. This is sound 449 00:24:46,040 --> 00:24:51,200 Speaker 1: on with Kevin's really on Bloomberg one point seven of 450 00:24:51,359 --> 00:24:54,879 Speaker 1: m h D two Baltimore. You know, for a slow day, 451 00:24:55,320 --> 00:24:57,399 Speaker 1: it is a jam pack show. We've got an all 452 00:24:57,440 --> 00:25:00,000 Speaker 1: star Pennel, Shannon Petty Peace, Bloomberg News, White House or Boy, 453 00:25:00,200 --> 00:25:03,959 Speaker 1: Brian Darling, former senior communications director to Rand Paul, founder 454 00:25:03,960 --> 00:25:06,720 Speaker 1: of Liberty Government Affairs. And Roger Fiscus first time on 455 00:25:06,760 --> 00:25:11,480 Speaker 1: the program, hopefully not at last. The Democratic strategist Obama 456 00:25:11,560 --> 00:25:14,480 Speaker 1: administration a law work for John Kerry and I saw 457 00:25:14,520 --> 00:25:16,880 Speaker 1: you bopping along to the boss and he said, he's 458 00:25:16,880 --> 00:25:19,760 Speaker 1: a good guy. He had he had interactions. I guess 459 00:25:19,920 --> 00:25:21,719 Speaker 1: working in the Obama White House. You do with with 460 00:25:21,760 --> 00:25:23,920 Speaker 1: Bruce Springsteen? Was he like, well, he he goes back 461 00:25:23,920 --> 00:25:28,520 Speaker 1: with John Kerry for like thirty five years. Um. But 462 00:25:29,080 --> 00:25:33,440 Speaker 1: in when the debates started, basically the candidate went from 463 00:25:33,520 --> 00:25:35,840 Speaker 1: you know, doing about six cities a day to about 464 00:25:35,840 --> 00:25:37,920 Speaker 1: one city of days because they hunker down and do 465 00:25:38,080 --> 00:25:40,320 Speaker 1: debate prep. So a lot of us were farmed out 466 00:25:40,320 --> 00:25:43,760 Speaker 1: to surrogates, um for that kind of twenty day stretch. 467 00:25:44,000 --> 00:25:48,160 Speaker 1: And I was farmed out to Springsteen. So what a 468 00:25:48,200 --> 00:25:51,600 Speaker 1: tough task. So we had we had, We had fun. 469 00:25:51,680 --> 00:25:53,600 Speaker 1: He's a good guy, and you know it was it 470 00:25:53,680 --> 00:25:55,120 Speaker 1: was a lot of fun and we got good work done, 471 00:25:55,160 --> 00:25:57,399 Speaker 1: which is the most important thing. Well, you kind of 472 00:25:57,400 --> 00:25:59,159 Speaker 1: give us like a little brew story. What was he? 473 00:25:59,240 --> 00:26:01,760 Speaker 1: I mean, what what is like? Tell us a small, 474 00:26:01,840 --> 00:26:05,080 Speaker 1: little one on one Bruce anecdote. He got to the 475 00:26:05,119 --> 00:26:08,280 Speaker 1: point where when I would brief him, basically, what we're 476 00:26:08,280 --> 00:26:11,080 Speaker 1: doing is we're putting together afternoon acoustics shows wherever he 477 00:26:11,280 --> 00:26:13,040 Speaker 1: his arena tour was going. So if he was in 478 00:26:13,080 --> 00:26:15,640 Speaker 1: North Carolina Pennsylvania Center. We would say, and he would 479 00:26:15,640 --> 00:26:17,879 Speaker 1: show up. We'd get three or four or five thousand 480 00:26:17,920 --> 00:26:20,240 Speaker 1: people with like forty eight hours notice, and then we'd 481 00:26:20,359 --> 00:26:22,240 Speaker 1: you know, ring it with volunteers and do all the 482 00:26:22,280 --> 00:26:24,439 Speaker 1: voter redge and all the activation and all the other stuff. 483 00:26:24,720 --> 00:26:27,480 Speaker 1: So I'd brief him before he would go out because 484 00:26:27,480 --> 00:26:29,640 Speaker 1: there'd be certain things that we want him to emphasize 485 00:26:29,640 --> 00:26:31,120 Speaker 1: and things like that. He got to the point where 486 00:26:31,119 --> 00:26:33,360 Speaker 1: he would stand in and click his back heels and 487 00:26:33,600 --> 00:26:36,760 Speaker 1: bow in front of me. It in a good natured way. Um, 488 00:26:36,800 --> 00:26:40,480 Speaker 1: but but super super super easy. His all he wanted 489 00:26:40,560 --> 00:26:42,960 Speaker 1: was like four towels and four bottles of water. That's 490 00:26:43,000 --> 00:26:45,639 Speaker 1: like one of the easiest. Like thunderod is one of 491 00:26:45,680 --> 00:26:49,800 Speaker 1: my all time favorite songs. Um. Pivoting back to policy, 492 00:26:50,119 --> 00:26:53,040 Speaker 1: let's talk big tech. Did you guys see this Congressman 493 00:26:53,160 --> 00:26:56,440 Speaker 1: David Cicillini. He's a Democrat from Rhode Island. He chairs 494 00:26:56,480 --> 00:26:58,879 Speaker 1: the Subcommittee on the House to this year Nadler, Shannon, 495 00:26:58,960 --> 00:27:01,199 Speaker 1: you know Nadler the whole right, it's not in familiar 496 00:27:01,320 --> 00:27:03,720 Speaker 1: you know, there's a subcommittee on the Judiciary, which is 497 00:27:03,760 --> 00:27:05,880 Speaker 1: anti trust, and he wants to break up big tech. 498 00:27:05,920 --> 00:27:08,879 Speaker 1: He's launching this investigation, and he says it's bipartisan, and 499 00:27:08,920 --> 00:27:11,320 Speaker 1: so I asked him about it. Here's here's Congressman Sicilani. 500 00:27:11,400 --> 00:27:13,679 Speaker 1: Here is there are a number of really important issues, 501 00:27:14,040 --> 00:27:17,320 Speaker 1: but this is an opportunity to use the investigative process, 502 00:27:17,320 --> 00:27:21,880 Speaker 1: which will involve depositions and hearings, subpoenas witnesses, and if necessary, 503 00:27:21,880 --> 00:27:26,280 Speaker 1: subpoena's document requests. UH round tables will bring us some 504 00:27:26,280 --> 00:27:28,879 Speaker 1: of the best technologists in the country. We've been doing 505 00:27:28,920 --> 00:27:31,159 Speaker 1: a lot of thinking about what's the right response in 506 00:27:31,200 --> 00:27:33,080 Speaker 1: one of the right answers. I think it's easy to 507 00:27:33,200 --> 00:27:35,960 Speaker 1: identify the challenges and the big problems, it's hard to 508 00:27:36,000 --> 00:27:37,399 Speaker 1: come up with the solutions, and so we want to 509 00:27:37,440 --> 00:27:40,159 Speaker 1: be sure that we have the best data, the best thinking, 510 00:27:40,200 --> 00:27:44,240 Speaker 1: the most accurate information. That's congress Men Sicilinia. He's essentially saying, 511 00:27:44,480 --> 00:27:47,600 Speaker 1: and he's willing to use Subpoena's Brian Darling Republican strategists 512 00:27:47,640 --> 00:27:51,440 Speaker 1: in order to UH try to try to go after 513 00:27:51,680 --> 00:27:54,600 Speaker 1: the big tech companies. I think this is a horrible idea. 514 00:27:54,760 --> 00:27:58,119 Speaker 1: Why I think it's terrible idea. I think that Elizabeth 515 00:27:58,119 --> 00:28:01,760 Speaker 1: the Warren's battle to break up the big tech companies 516 00:28:02,280 --> 00:28:04,960 Speaker 1: is horrible. I mean, these are the leading companies, are 517 00:28:05,119 --> 00:28:08,240 Speaker 1: leading our economy. When you look at Amazon is one 518 00:28:08,280 --> 00:28:11,119 Speaker 1: of the biggest, is the biggest or one of the 519 00:28:11,119 --> 00:28:13,959 Speaker 1: biggest companies in the world. Apple is the biggest company 520 00:28:13,960 --> 00:28:16,679 Speaker 1: in the world. Why go after all these companies that 521 00:28:16,680 --> 00:28:20,119 Speaker 1: are creating jobs and are the leaders and basically leading 522 00:28:20,119 --> 00:28:22,560 Speaker 1: the American economy in the world. It makes no sense. 523 00:28:22,560 --> 00:28:25,080 Speaker 1: And I think that you know, the Trump administration also 524 00:28:25,200 --> 00:28:27,520 Speaker 1: looking at antitrust to go after these companies. I think 525 00:28:27,600 --> 00:28:31,719 Speaker 1: that's a huge mistake. It makes no sense. I actually 526 00:28:32,119 --> 00:28:37,480 Speaker 1: agree with a lot of that. I did this very 527 00:28:37,560 --> 00:28:42,000 Speaker 1: very amicable um that said, you know, uh, the specter 528 00:28:42,200 --> 00:28:45,000 Speaker 1: of regulation I think is good as a motivator in 529 00:28:45,080 --> 00:28:49,000 Speaker 1: terms of their behavior. Um but I I don't think 530 00:28:49,040 --> 00:28:51,320 Speaker 1: that government is well suited to do this because if 531 00:28:51,360 --> 00:28:54,280 Speaker 1: you look at that that hearing about six weeks ago, 532 00:28:54,720 --> 00:28:57,400 Speaker 1: and all the different kind of semi and understandings of 533 00:28:57,400 --> 00:28:59,520 Speaker 1: what algorithms are and things like that from some of 534 00:28:59,520 --> 00:29:01,800 Speaker 1: the members of House who just I don't know, thought 535 00:29:01,800 --> 00:29:03,920 Speaker 1: that this stuff is like either from the walls of 536 00:29:04,000 --> 00:29:07,280 Speaker 1: caves or that it came down from outer space, or 537 00:29:07,320 --> 00:29:10,040 Speaker 1: that computers generated computer code like it's just all over 538 00:29:10,080 --> 00:29:12,320 Speaker 1: the map. My point in that is that that they're 539 00:29:12,360 --> 00:29:17,320 Speaker 1: inherently ill suited for this because law and legislation and 540 00:29:17,400 --> 00:29:22,640 Speaker 1: government is normally twenty years behind where technology is. So 541 00:29:22,680 --> 00:29:25,440 Speaker 1: these folks are are barely even qualified to talk about 542 00:29:25,560 --> 00:29:29,320 Speaker 1: where we were in ninety five, let alone glaring exception 543 00:29:29,360 --> 00:29:31,280 Speaker 1: to this. And Roger, you and I have this in common, 544 00:29:31,400 --> 00:29:34,800 Speaker 1: except with scooters, because scooters are making a comac jump in. 545 00:29:35,240 --> 00:29:37,400 Speaker 1: I mean, I would I would just add, putting aside 546 00:29:37,480 --> 00:29:39,720 Speaker 1: what is right or wrong to do for the economy. 547 00:29:40,080 --> 00:29:43,480 Speaker 1: The politics of this, Uh do kind of surprise me 548 00:29:43,600 --> 00:29:47,320 Speaker 1: that you have Elizabeth Warren and Bernie Sanders and candidates 549 00:29:47,360 --> 00:29:50,680 Speaker 1: really emphasize on this um because that's not really where 550 00:29:50,800 --> 00:29:53,600 Speaker 1: voters minds are. I mean, when you look at the 551 00:29:53,600 --> 00:29:56,640 Speaker 1: issues people are concerned about, especially on the Democratic side, 552 00:29:56,680 --> 00:30:00,520 Speaker 1: climate change, healthcare, um, you know, more ba ly across 553 00:30:00,560 --> 00:30:04,280 Speaker 1: the electorate, you see um, you know, the economy, immigration, um, 554 00:30:04,640 --> 00:30:09,000 Speaker 1: antitrust issues. You know. That's not a fierce Thanksgiving dinner 555 00:30:09,040 --> 00:30:12,600 Speaker 1: table conversation. It seems to fit into what many of 556 00:30:12,640 --> 00:30:15,520 Speaker 1: the Democrats are running on. Class warfare, hate, the rich 557 00:30:15,680 --> 00:30:18,160 Speaker 1: tax and the wealth tax. We hear from Elizabeth Warren 558 00:30:18,560 --> 00:30:20,920 Speaker 1: a lot of the attacks and big companies not paying 559 00:30:20,960 --> 00:30:23,800 Speaker 1: their fair share. In these companies not paying enough. I mean, 560 00:30:23,840 --> 00:30:26,600 Speaker 1: on the right, you hear many conservatives getting angry because 561 00:30:26,640 --> 00:30:30,440 Speaker 1: of what's going on with the censoring of conservative voices, 562 00:30:30,480 --> 00:30:33,040 Speaker 1: and they're angry at big tech for different reasons. All right, 563 00:30:33,120 --> 00:30:37,760 Speaker 1: you mentioned Rogers. All right, size up the Democratic What 564 00:30:37,800 --> 00:30:42,040 Speaker 1: do you make of it? Right now? Being a front 565 00:30:42,120 --> 00:30:46,120 Speaker 1: runner at this point in the cycle is extremely dangerous 566 00:30:46,400 --> 00:30:48,800 Speaker 1: that I think the narrative that this is Biden's to 567 00:30:48,880 --> 00:30:51,680 Speaker 1: lose is only going to go so far. I would 568 00:30:51,720 --> 00:30:56,480 Speaker 1: imagine that narrative flatlines, and roughly October the press is 569 00:30:56,520 --> 00:31:00,800 Speaker 1: desperately gonna want um some kind of resurrection story. Be 570 00:31:00,960 --> 00:31:04,320 Speaker 1: that the fact that they have already put better to bed, um, 571 00:31:04,440 --> 00:31:07,280 Speaker 1: be that the fact that instead out a Warren is 572 00:31:07,360 --> 00:31:09,720 Speaker 1: kind of doing more of a sleeper kind of organization 573 00:31:09,800 --> 00:31:12,920 Speaker 1: based campaign, not spending a lot on TV for example, 574 00:31:13,560 --> 00:31:16,800 Speaker 1: those kinds of things. Um, what will happen? I mean, 575 00:31:16,840 --> 00:31:21,160 Speaker 1: the real fun starts essentially after Labor Day. You've been 576 00:31:21,200 --> 00:31:24,560 Speaker 1: kind enough to reference my biography, but I always remember 577 00:31:24,600 --> 00:31:26,600 Speaker 1: and I always share with people that in September of 578 00:31:26,600 --> 00:31:29,320 Speaker 1: two thousand and three, where will be in a couple 579 00:31:29,320 --> 00:31:32,479 Speaker 1: of months in this cycle, John Kerry was polling below 580 00:31:32,520 --> 00:31:35,520 Speaker 1: Al Sharpton in Iowa and a hundred days later he 581 00:31:35,520 --> 00:31:39,240 Speaker 1: won the caucus. So what bubbles up and what makes 582 00:31:39,280 --> 00:31:42,240 Speaker 1: it to a conversation, you know, like this in in Washington, 583 00:31:42,320 --> 00:31:45,640 Speaker 1: d c. And what's actually going on in the homes 584 00:31:45,840 --> 00:31:48,160 Speaker 1: and the diners and the union halls of some of 585 00:31:48,200 --> 00:31:50,600 Speaker 1: those early states are two very very different things. I 586 00:31:50,600 --> 00:31:52,920 Speaker 1: would say it wasn't just John Carey, who was a 587 00:31:52,960 --> 00:31:56,400 Speaker 1: former uh you know, back in the polls of one. 588 00:31:56,480 --> 00:31:59,680 Speaker 1: Donald J. Trump at one point maybe around this time, 589 00:31:59,680 --> 00:32:03,880 Speaker 1: seemed like a you know, Joe candidate. I mean he 590 00:32:03,880 --> 00:32:06,320 Speaker 1: he once he took a lead, a strong lead, he 591 00:32:06,360 --> 00:32:08,960 Speaker 1: never gave it up, and it was a wide open race. 592 00:32:09,000 --> 00:32:11,800 Speaker 1: I me and Chris Christine ran Paul at one point 593 00:32:11,960 --> 00:32:15,280 Speaker 1: up front. But once Trump took over and took that lead, 594 00:32:15,360 --> 00:32:18,240 Speaker 1: he never gave it up. And I think Biden maybe 595 00:32:18,280 --> 00:32:20,040 Speaker 1: in that position where it's going to be very hard 596 00:32:20,040 --> 00:32:23,640 Speaker 1: to knock him out. Seventy thousand, seventy thousand, seventy thousand, 597 00:32:23,640 --> 00:32:25,840 Speaker 1: that's the number of folks who switched from Obama to 598 00:32:25,920 --> 00:32:32,120 Speaker 1: Trump in the states like Michigan, Detroit, Michigan, Michigan, Wisconsin, Pennsylvania, Ohio. 599 00:32:33,040 --> 00:32:36,959 Speaker 1: So Roger as a as a as an architect of 600 00:32:37,040 --> 00:32:44,600 Speaker 1: these campaigns, how well, if if you were the boss, 601 00:32:44,640 --> 00:32:47,960 Speaker 1: I mean, but how do you how do you navigate 602 00:32:47,960 --> 00:32:50,640 Speaker 1: a primary? Because it seems like bid the Biden campaign 603 00:32:50,720 --> 00:32:53,720 Speaker 1: is navigating this by by with an eye on those 604 00:32:53,720 --> 00:32:55,840 Speaker 1: seventy thousand that they would have to win in a general. 605 00:32:56,520 --> 00:32:59,960 Speaker 1: How do you win them back? I mean, the Biden 606 00:33:00,120 --> 00:33:03,760 Speaker 1: people would be well served by looking at Joe Crawley's race, 607 00:33:03,840 --> 00:33:09,240 Speaker 1: looking at My Capelano's race in Massachusetts. The sleeper factor, um, 608 00:33:09,280 --> 00:33:11,720 Speaker 1: which really comes down to the enthusiasm gap and things 609 00:33:11,760 --> 00:33:14,800 Speaker 1: like that. It's very difficult to connect. It doesn't necessarily 610 00:33:14,880 --> 00:33:19,160 Speaker 1: surface on editorial pages and things like that. UM, that 611 00:33:19,240 --> 00:33:22,160 Speaker 1: to me is going to be the real story when 612 00:33:22,160 --> 00:33:25,280 Speaker 1: we get into October and November. UM, and that's and 613 00:33:25,280 --> 00:33:27,800 Speaker 1: and that and that will be that will determine who 614 00:33:27,880 --> 00:33:31,160 Speaker 1: will make it out of the additional two tickets out 615 00:33:31,200 --> 00:33:34,120 Speaker 1: of Iowa, assuming that one goes to the formulas. You 616 00:33:34,160 --> 00:33:36,520 Speaker 1: know what I gotta say. We talked trade policy, we 617 00:33:36,600 --> 00:33:39,640 Speaker 1: talked big tech policy for a little bit of foreign policy. 618 00:33:39,840 --> 00:33:42,760 Speaker 1: I also snuck in some football references and some Bruce 619 00:33:42,760 --> 00:33:48,200 Speaker 1: Springsteen references. Little kid Kevin CURRELLI is very grateful today. 620 00:33:48,240 --> 00:33:51,000 Speaker 1: Thank you to Roger Fist, Brian Darling, shann and petty 621 00:33:51,000 --> 00:33:54,040 Speaker 1: Piece Lisz Harrington for calling in, and of course Congressman Cicillini. 622 00:33:54,160 --> 00:33:56,080 Speaker 1: That's it for me. You can download the sound on 623 00:33:56,120 --> 00:33:58,800 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com or the 624 00:33:58,800 --> 00:34:01,560 Speaker 1: Bloomberg Business app. Check us out on radio dot com, 625 00:34:01,560 --> 00:34:04,040 Speaker 1: I Heart Radio and Spotify. Have a great day. Everybody. 626 00:34:04,160 --> 00:34:06,840 Speaker 1: See you tomorrow, same time, same place. I'm Kevin Crelli. 627 00:34:07,040 --> 00:34:08,200 Speaker 1: You're listening to Woomberg