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Speaker 1: Why from our nation this budget thing is going to

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Speaker 1: do nothing the spaceports. I still think it's interesting President

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Speaker 1: Trump not playing his cards yet Headlines Policy and Politics

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Speaker 1: Alighting sound on with Kevin currel the insiders, the influencers,

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Speaker 1: the insiders. I would rather see a congressional solution. It's

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Speaker 1: part of my DNA. The Senate map in looks a

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Speaker 1: lot different than it looked in. You really have a

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Speaker 1: divide within Team Trump. The President has to do exactly

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Speaker 1: what people send him here to do, which is to

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Speaker 1: get it done. He's sound on with Kevin Currelate on

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Speaker 1: Bloomberg one and seven a m h D two Boltele

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Speaker 1: start the clock. We've got the deadline rooming. The US

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Speaker 1: is weighing delaying Mexico tariffs as time for a deal

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Speaker 1: runs short. The Republican Party against President Trump on those tariffs.

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Speaker 1: I'm hard pressed to find one Republican who agrees with

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Speaker 1: President Trump on raising those tariffs. And now the Democrats,

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Speaker 1: well they say no deal on U S M c

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Speaker 1: A either. Now President Trump has to his side. Is

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Speaker 1: he gonna raise those tariffs against Mexico on June tenth,

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Speaker 1: or is he gonna extend it TikTok. Monday is the deadline. Meanwhile,

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Speaker 1: the fallout for impeachment chatter. Did you see that political

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Speaker 1: story just within the last day or so, Speaker Nancy

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Speaker 1: Pelosi saying she doesn't want to impeach President Trump, but

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Speaker 1: wants to see him in prison. We get fresh reaction

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Speaker 1: on the impeachment chatter. Senator Chris van Holland, Democrat from Maryland.

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Speaker 1: He's gonna call in. We've also got all star panels,

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Speaker 1: friend of the program, friend of each other's. Joe Crawley,

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Speaker 1: senior policy advisor at Squire. Patton Bugs, former Congressman of

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Speaker 1: New York, a Democrat. He's also, of course, the former

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Speaker 1: chairman of the House Democratic Caucus. He's served on Ways

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Speaker 1: and Means financial Services. He's a dad dog to Bruce,

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Speaker 1: named after Bruce Springsteen. Sarah Kim, Republican strategist, former senior

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Speaker 1: advisor in the Trump administration, and she's got recently named

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Speaker 1: to a awesome new list today. We're gonna check in

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Speaker 1: with her on that. But first, Martin de Carol tell

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Speaker 1: us the headlines that's roight Kevin, one of America's largest

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Speaker 1: trading partners, may delay the onset of punitive tariffs. Sources

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Speaker 1: tell Bloomberg the Trump administrations considering holding off on the

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Speaker 1: President's threatened tariffs on Mexico. Negotiations continue in Washington over

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Speaker 1: stemming the flow of Central American migrants to the US.

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Speaker 1: Bloomberg's Alex Wayne reports they might actually be able to

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Speaker 1: come to some sort of a deal before the tariff

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Speaker 1: goes into effect on Monday, or, as one official told us,

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Speaker 1: the tariff goes into effect on Monday, but then the

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Speaker 1: Mexicans quickly take some steps that enable the tariff to

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Speaker 1: be taken off at a short period of time. President

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Speaker 1: Trump will have the final say on that. Meantime, one

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Speaker 1: of the most influential pro business groups in the country,

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Speaker 1: the US Chamber of Commerce, is thinking about taking legal

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Speaker 1: action to stop the president. Bloomberg's IRV Chapman as that

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Speaker 1: part of the story. Opponent suggests the President is stretching

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Speaker 1: the law justifying tariffs on Mexico by citing the emergency

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Speaker 1: on the border. The Chamber is considering a lawsuit to

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Speaker 1: reverse this course. Neil Bradley, Executive vice Presidents, in a

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Speaker 1: Bloomberg interview, Our number one goal is to keep these

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Speaker 1: tariffs from going into effect. We're using everything in our

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Speaker 1: arsenal to make the argument to the White House that

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Speaker 1: there's a better way working with Congress. They need to

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Speaker 1: step up their opposition to this, but litigation is certainly

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Speaker 1: an option. Bradley said. The tariffs are hurting Chamber members,

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Speaker 1: from automakers who bring in parts to restaurants that import

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Speaker 1: fresh vegetables in Washington, Earth chap on Bloomberg Radio. They're

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Speaker 1: remembered as the Bedford Boys, thirty five men from the

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Speaker 1: small Virginia town and its surroundings, part of the Vanguard

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Speaker 1: twenty nine Infantry Division who stormed the beaches of Normandy

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Speaker 1: seventy five years ago. Twenty fell today at a hilltop

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Speaker 1: ceremony on Bedford's Edge. Vice President Pence delivered the keynote

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Speaker 1: address at the National dd A Memorial. There to those

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Speaker 1: brave veterans gathered here who fought so long ago, and

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Speaker 1: to all those looking on from glory, we say one

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Speaker 1: more time, thank you for your service, thank you for

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Speaker 1: our freedom. Memorial officials A Company A lost one hundred

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Speaker 1: three men on d Day, nineteen of them from Bedford County.

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Speaker 1: Another Bedford man killed in the company f House Democrats

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Speaker 1: are moving ahead with a contempt of Congress resolution against

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Speaker 1: Attorney General William Barr and former White House Counsel Don McGann.

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Speaker 1: They defied subpoenas a floor voted by all House members

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Speaker 1: set for June eleventh, and this particular resolution gives Democrats

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Speaker 1: who chair committees the power to issue future contempt citations

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Speaker 1: without waiting for approval from the full House. A businessman

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Speaker 1: who served as a key witness in the Special Counsel's

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Speaker 1: investigation will remain in jail, at least for now, on

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Speaker 1: charges he transported images of child porn. Businessman George Nader

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Speaker 1: made his first court appearance in Alexandria. Prosecutors want to

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Speaker 1: detain him pending trial. Nader's lawyers says in bad health

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Speaker 1: and should be let go. D C Congresswoman Eleanor Holmes

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Speaker 1: Norton tells Bloomberg the city intends asked the federal government

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Speaker 1: to reimburse every penny of additional security cost incurred protecting

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Speaker 1: President Trump when he descends on the National Mall to

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Speaker 1: deliver a speech during the Fourth of July Bash, but

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Speaker 1: money aside. Norton says she's disgusted the President would turn

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Speaker 1: a non part of this event into a Chi sees

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Speaker 1: as a political rally. People were not willing to travel

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Speaker 1: here much for his inauguration, something that he hasn't much

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Speaker 1: gotten over with here, so I don't know who he

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Speaker 1: Security and logistics are still being worked out. Time now

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Speaker 1: for the Beltway Business Court report. Wrapping up the day

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Speaker 1: on Wall Street, Bloomberg's Larry Kuvski well, the Pentagon and

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Speaker 1: State Department have informally notified Congress of a potential two

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Speaker 1: billion dollar deal with Taiwan. It includes the first time

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Speaker 1: sale of the U. S. Army's best tech. All right,

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Speaker 1: that is not Larry's report. We'll get to that at

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Speaker 1: the bottom of the hour. For now, we can tell

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Speaker 1: you that the stock market had a positive day across

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Speaker 1: the board. On the Dow just one moment pulling up

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Speaker 1: the numbers for you, the Dow Jones was up on

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Speaker 1: one points seven tenths of one percent to twenty five thousand,

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Speaker 1: seven hundred twenty and has that game forty to seventy

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Speaker 1: six fifteen, the sp five games seventeen points three, up

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Speaker 1: six tenths of one percent. Global News twenty four hours

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Speaker 1: a day on air and at TikTok on Twitter, powered

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Speaker 1: by more than twenty seven journalists and analysts in more

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Speaker 1: than a hundred twenty countries. I'm Martin Decarro, Kevin, thank you, Martin.

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Speaker 1: It's been a busy week, a busy week, and the

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Speaker 1: clock is ticking down to whether or not President Trump

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Speaker 1: is going to raise those tariffs on Monday, June tenth

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Speaker 1: against Mexico as he has threatened to do. We're getting

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Speaker 1: breaking news headlines crossing the Bloomberg terminal just within the

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Speaker 1: last couple of minutes. White House spokeswoman Sarah Sanders saying

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Speaker 1: in a statement that the US position has not changed

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Speaker 1: and we are still moving forward with tariffs at this time.

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Speaker 1: She's referring to the tariffs against Mexico. Here with me

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Speaker 1: in studio former Democratic Congressman Joe Crawley. He is now

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Speaker 1: a senior policy advisor at Squire Patton Boggs. He's also

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Speaker 1: working on a coalition, a bipartisan coalition to try to

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Speaker 1: get rid of those terrorists. To over tend to urge

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Speaker 1: the passage of U S m c A or not

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Speaker 1: to two point oh uh. Sarah Kim is with us

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Speaker 1: in studio as well. Republican strategist, former senior advisor and

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Speaker 1: the Trump administration. Sarah, I'll start with you. I want

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Speaker 1: to get your reaction to what President Trump said earlier

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Speaker 1: today about Mexico and immigration and tariffs. Here's the president

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Speaker 1: of the United States. The Democrats Congress has been a disaster.

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Speaker 1: They won't change they won't do anything. They want re immigration,

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Speaker 1: immigration to bourg into our country. They don't care who

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Speaker 1: it is, they don't care what kind of a record

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Speaker 1: they have. It doesn't make any difference. They're not gonna

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Speaker 1: be changing anything. We go to him, we say, let's

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Speaker 1: fix the immigration laws. They just wanted to do badly.

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Speaker 1: The worship does, the happier they are. So that's the

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Speaker 1: way it is. That I guess that's the way it'll be,

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Speaker 1: Joe after the election. That's President Trump. Seray, I mean,

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Speaker 1: you're a Republican. I guess you're not with the tariffs, Aya,

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Speaker 1: I mean, the whole situation with Mexico is incredibly frustrating

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Speaker 1: because Congress creates the problem and they don't solve it.

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Speaker 1: Right now, since the Department of Homeland Security has been created,

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Speaker 1: three hundred and fifty three billion dollars has been spent

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Speaker 1: to secure the wall. But more important than that, there's

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Speaker 1: this issue of U S m c A and NAFTA.

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Speaker 1: Mexico is a struggling economy still and since NAFTA passed

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Speaker 1: twenty five years ago, eight hundred seventy nine thousand, two

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Speaker 1: hundred eighty manufacturing jobs US jobs has been lost to Mexico.

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Speaker 1: We need to sort the situation out by leveraging a

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Speaker 1: carrot and stick situation. The carrot is Mexico needs to

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Speaker 1: enforce a rule of law. Mexico needs to get their

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Speaker 1: act together at the border. Mexico needs to stop migrants

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Speaker 1: from Honduras and El Salvador and Guatemala, and in exchange,

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Speaker 1: we will continue to a them to essentially have duty

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Speaker 1: free goods from Mexico coming over to the United States

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Speaker 1: through NAFTA and now U S M c A. Joe Crawley,

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Speaker 1: I mean, it's almost like President Trump wants to negotiate

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Speaker 1: with Mexico more than he wants to negociate with the Democrats. Well,

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Speaker 1: it's it's it's very confusing, to say the least. Here

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Speaker 1: the discussion has been for the last few weeks about

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Speaker 1: bringing Democrats Republicans together to find a way to pass

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Speaker 1: the U. S. M c A, the U. S. Mexico

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Speaker 1: Canadian Agreement. Uh, it's not the Clino I think from

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Speaker 1: a tactic the President used in the past. We're talking

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Speaker 1: about South Korea and the renegotiating the Chorus agreement. When

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Speaker 1: the President kind of hinted at this or suggested maybe

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Speaker 1: removing troops from South Korea, I just don't, you know,

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Speaker 1: it's just kind of peculiar and odd in terms of

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Speaker 1: the negotiating strategy here. So it's it's also fascinating, Serry

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Speaker 1: to hear just Republican senator after Republican Senator Joani Earns,

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Speaker 1: Chuck Grassley, the Senate Majority eather Ritch McConnell. He even

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Speaker 1: said to speaking that he's not he's not a fan

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Speaker 1: of those terrorists. Well, President Trump responded to two members

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Speaker 1: in his own party when he was in Ireland today.

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Speaker 1: Take a listen to what the President had to say

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Speaker 1: about Republican senators. We've told Mexico the tariffs go on,

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Speaker 1: and I made it too, and I'm very happy with it.

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Speaker 1: And a lot of people, senators included, they have no

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Speaker 1: idea what they're talking about when it comes to tarriffs.

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Speaker 1: And no, absolutely no idea. We're the pinkie bank. The

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Speaker 1: United States is the pinkie bank. It has all the

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Speaker 1: money that others want to take from us, but they're

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Speaker 1: not taking It's so easy anymore. It's a lot different. Wow, Sarah,

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Speaker 1: they have no idea. I mean, look, I mean when

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Speaker 1: I when I've interviewed these Republican Senators, they're hearing from constituents.

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Speaker 1: They're hearing from farmers, and and there is an uncertainty

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Speaker 1: and an anxiety and several of their constituents. No one

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Speaker 1: is claiming that their constituents are voting for Bernie Sanders

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Speaker 1: or for Elizabeth Warren, but they are concerned about this

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Speaker 1: particular policy. I mean again, it feeds into the narrative

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Speaker 1: that the president is pushing, is that Congress creates a

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Speaker 1: problem and Congress cannot find a solution. The Republican Senators

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Speaker 1: and House Democrats, whatever party, whatever side of the chamber,

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Speaker 1: they always want to protest, Oh, we don't have manufacturing jobs.

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Speaker 1: Oh we have issues with immigration. Oh we can't sort

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Speaker 1: out trade. But here's the thing. You can't continue to

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Speaker 1: allow Mexico to not enforce the border. At the same time,

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Speaker 1: get all the manufacturing jobs that has decimated Middle America

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Speaker 1: without them suffering some consequences. Mexico needs to become the

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Speaker 1: economy that they pretend to be because the United States

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Speaker 1: created the Mexican economy. When we pass NAFTA, they have

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Speaker 1: to sort it out. It's so it's clear to me now.

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Speaker 1: And then you do a good job. You do a

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Speaker 1: good job. I don't know how you do it, but

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Speaker 1: you do a great job, you know. Which you know

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Speaker 1: when we say this is not about trade, you know,

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Speaker 1: tariffs are about trade, you know, Is it about the border?

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Speaker 1: Is about the christ on the border? Is it about trade?

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Speaker 1: You know? Is it about farmers? I mean we were

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Speaker 1: talking about the use of tariffs two thirty two. This

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Speaker 1: alluitimum steel that they had to be lifted in order

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Speaker 1: to move forward with the U. S. M c A

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Speaker 1: on Canada. Mexico there lifted moving forward, put the brakes on.

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Speaker 1: We're putting on new tariffs on on Mexico. You know.

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Speaker 1: So it's convoluted. It's it's that it seems without strategy

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Speaker 1: or on this if there is a strategy, the president

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Speaker 1: is not conveying to the American people property properly. He's

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Speaker 1: not even properly preparing the American people for what this

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Speaker 1: could ultimately mean higher prices for their produce, higher prices

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Speaker 1: for for product production that does come into the States.

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Speaker 1: And the tax is not gonna be paid by the companies.

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Speaker 1: It's gonna be passed on to American consumers. Yes, but

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Speaker 1: the American consumer wants a job so they can spend

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Speaker 1: money on the things that they want. And then about farmers,

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Speaker 1: not but specifically targeting farmers, because again I'm not I'm

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Speaker 1: not here saying that the farmers are leaving the party

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Speaker 1: in Roads and that they're switching to go over for Democrats.

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Speaker 1: There's no evidence of that in the polls. But but

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Speaker 1: talking to two farmers one on one, to the Johnie

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Speaker 1: Ernst and to Chuck Grassley's crowd, when what do you

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Speaker 1: say to them who say, you know, this is really

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Speaker 1: impacting our our our soybeans, our our wheat and our

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Speaker 1: corn and whatnot. I mean, I'm a Washington d C. Elitist,

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Speaker 1: and I think we have a very dumb down view

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Speaker 1: of what farmers actually need. I mean, we just think

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Speaker 1: that farming is the main issue involved in us M

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Speaker 1: B at U, s m c A or NAFTA, or

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Speaker 1: the issue with Mexico and Canada, it is point one percent.

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Speaker 1: And these farmers, I mean, whatever we think about US

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Speaker 1: backed farming like corn and soybeans as opposed to all

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Speaker 1: the farm products that come over from Mexico, that is

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Speaker 1: not a large part of the world's largest economy United

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Speaker 1: States and the world's thirteenth largest economy in Mexico. These

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Speaker 1: farmers needs a in taxes. They need support in the

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Speaker 1: estate tax, they need support in their everyday real estate.

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Speaker 1: They need support and everyday commodity, not just a little

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Speaker 1: bit of tax relief. Trade. Now, I think we should

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Speaker 1: take this show on the road and go to a

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Speaker 1: cornfield in Iowa, and we should talk to President coming

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Speaker 1: out a bunch more reaction on politics and policy. The

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Speaker 1: President is talking tariffs all day today. Plus we're gonna

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Speaker 1: hear from Senator christ Man Holland he's gonna call in

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Speaker 1: Democrat from Maryland. Joe Crawley stays, Sarah Kim stays, I'm

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Speaker 1: Kevin SERELLI I'll stay too. You can download the sound

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Speaker 1: on podcast on Apple iTunes, at Bloomberg dot com, or

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Speaker 1: by downloading the Bloomberg Business app. You can also find

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Speaker 1: us on radio dot com, I Heart Radio and Spotify.

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Speaker 1: Thanks for listening to Bloomberg. Did you listen to Sound

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Speaker 1: On with Kevin Cerellia. I'm Tom Keane. Tomorrow morning at

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Speaker 1: seven on Bloomberg Surveillance. It is job's day most interesting

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Speaker 1: after a terrible a DP report on Wednesday. Jason Furman Joints.

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Speaker 1: How will the longer term impact b of the US

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Speaker 1: ban on fallway? And will the US jobs report begin

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Speaker 1: to night at six on Bloomberg and one oh five

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Speaker 1: point seven a m h D two Baltimore, the Bloomberg

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Speaker 1: Business app and Bloomberg Radio dot Com. Bloomberg The world

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Speaker 1: is listening Bloomberg Business Time in the District five eighteen

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Speaker 1: drivetime traffic every fifteen minutes on Bloomberg. That's winter starts

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Speaker 1: us out on the Beltway. Well, there is an accident

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Speaker 1: on the outer loop of the Beltway right at Branch Avenue,

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Speaker 1: and this has traffic jam from St. Barnabas Road. Also

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Speaker 1: we've got out of loop delays who landover from Marina

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Speaker 1: Drive headed towards the Green Belt Metro and also slow

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Speaker 1: going on the outer Ukemanhampshire Avenue to University Boulevard. Delays

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Speaker 1: continued passing to seventy all the way to the Little

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Speaker 1: River Turnpike, and we've also got slowed downs of as

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Speaker 1: you make your way towards the dullest toll road in

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Speaker 1: one twenty three. More jam ups on the outer Loop

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Speaker 1: from the Springfield Interchange headed to to the Woodrow Wilson

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Speaker 1: Bridge Inner Loop. Also a slogo from the Leesburg Pike

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Speaker 1: passed the spur and delays continue from Old Georgetown Road

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Speaker 1: all the way over towards Richie Marlborough Road. Traveling on

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Speaker 1: sixties six. We've got delays through Falls Church eastbound between

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Speaker 1: Rootes seven and Sycamore Street. Westbound, jam from the Beltway

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Speaker 1: to one three and delays continue from the Fairfax County

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Speaker 1: Parkway in Vienna headed out into the Centerville area. And

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Speaker 1: we've got delays on South By ninety five from Springfield

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Speaker 1: in Woodbridge and again from Quantico headed towards the Rabbahannock

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Speaker 1: River Bridge. Traffic and weather every fifteen minutes on the

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Speaker 1: Belway area. Is only twenty four hour Business Nation, Bloomberg

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Speaker 1: nine one and one or five point seven FM HT two.

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Speaker 1: Speth Now, I for your Bloomberg three day weather forecast.

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Speaker 1: Partly cloudy tonight, temperatures dipping into the sixties Tomorrow and Saturday.

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Speaker 1: Partly sunny and warm eyes going up to the mid eighties.

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Speaker 1: It's eighty eight degrees in Baltimore eight in Washington, d C.

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Speaker 1: Sound On with Kevin Surrey continues on Bloomberg and one

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Speaker 1: oh five point seven h D two. You're listening to

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Speaker 1: Sound On with Kevin Surreally on Bloomberg one and one

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Speaker 1: oh five point seven of m h D two. Boltomore

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Speaker 1: Welcome back. I'm Kevin SURREALI Chief Washington correspondent from Bloomberg

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Speaker 1: TV and Bloomberg Radio. We are joined by Sarah Kim,

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Speaker 1: a Republican strategist former advisor in the Trump administration. She

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Speaker 1: was also named today to the twenty nineteen Future forty.

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Speaker 1: Congrats Serry, Thank You forty by the Maverick Pack, which

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Speaker 1: is a list of rising stars within the Conservative Party

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Speaker 1: the conservative movements. So congrats on all of that. Thank

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Speaker 1: you Dan Crenshaw was on the list last year, Member

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Speaker 1: of Congress, Are you going to Congress? I mean, if

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Speaker 1: joke is me some money, I will loving money suddenly,

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Speaker 1: Sorry Mrs Crowley at that in the future, I want

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Speaker 1: to stand with me explaining to do Squire Patton Boggs,

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Speaker 1: Now he's the former Congressman from New York and we

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Speaker 1: were talking in the break about the President. I thought

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Speaker 1: he did a great job honoring the legacy of of

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Speaker 1: d A and all of all of the brave men

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Speaker 1: and women who served and helped the country on on

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Speaker 1: that day all those years ago. No, I think turning

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Speaker 1: to those men, even embracing them, which was I think

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Speaker 1: many people I surprised. I don't think the president is

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Speaker 1: known for doing that. Um, No, he did. He definitely

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Speaker 1: hit the right tone of the right mark. I think

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Speaker 1: it's reflective of sticking to the script as well. I

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Speaker 1: think that's something he should do more often. Quite frankly,

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Speaker 1: and Speaker Pelosi Sarah and keeping with this bipartisan moment,

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Speaker 1: Speaker Pelosi declined to criticize the press it and while

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Speaker 1: while she attended the ceremonies honoring the D Day UH,

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Speaker 1: the D Day commemorations. Yeah, I mean, I've said it before,

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Speaker 1: I'll say again. I really admire Speaker Pelosi as a

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Speaker 1: woman and also um as somebody who is in charge

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Speaker 1: of her caucus. And I think she respects and understands

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Speaker 1: the gravity of this moment um. And I mean, I mean,

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Speaker 1: I think our generation will never know the amount of

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Speaker 1: sacrifice the greatest generation that they especially I think I

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Speaker 1: think broth when it the nine eleven. I think the

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Speaker 1: aftermath at nine eleven will will for for the millennials

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Speaker 1: in particular, I think that somewhat comes close. But the

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Speaker 1: sacrifices that that our military of all generations make day

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Speaker 1: in and day out, and their families and their friends,

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Speaker 1: I mean, it can't it can't be understood. What what

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Speaker 1: I think Kevin of the big difference though is, and

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Speaker 1: I think it's more associated with what happened in Hawaii

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Speaker 1: and then second prol Harbord in terms of eleven the

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Speaker 1: sneak attack and what happened to his him. This was

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Speaker 1: a planned effort of of a hundred thousand primarily men

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Speaker 1: who are landing on these beaches knowing that that the

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Speaker 1: high risk that they were going to be civilian engine

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Speaker 1: or killed. It just goes to show the breath of

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Speaker 1: that heroism that was demonstrated that day, and it can never,

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Speaker 1: never be understated. All Right, we're talking tariffs, we're talking policy.

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Speaker 1: Vice President Mike Pence coming out with a statement just

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Speaker 1: within the last couple of half hours so saying that

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Speaker 1: the at this point, the Mexico tariffs will be imposed

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Speaker 1: on Monday. I do want to play for folks, what

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Speaker 1: the what Senator Jeff Merkley, Democrat from Oregon, when he

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Speaker 1: had to say on Capitol Hill earlier today about those tariffs? Serious?

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Speaker 1: Democratic Senator Jeff Merkley, President Trump, you have kept saying

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Speaker 1: you're going to seal the border. Every time you do that,

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Speaker 1: the Coyotes advertised, and there's a surge. It's gone from

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Speaker 1: thirty to forty thousand a month now to a hundred

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Speaker 1: and fifty thousand a month. Be cause of view who

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Speaker 1: says we don't play democratic senators who aren't running for

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Speaker 1: president on this program. Joe, your response to uh, Senator Merkeley,

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Speaker 1: I think there are a lot of contributing factors to this,

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Speaker 1: and you know, primarily most of these folks are coming

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Speaker 1: not from Mexico, but coming from further south of that border.

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Speaker 1: I think there are things that we can be doing,

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Speaker 1: including interdiction at the Mexican border, at the southern end

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Speaker 1: of the Mexican border with Central America. UM, you know,

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Speaker 1: I think there are things that can be done to

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Speaker 1: help alleviate the problems from Mexico themselves as well. But

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Speaker 1: so so take is behind the scenes. Because now you

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Speaker 1: know you're you're you're leading this coalition trying to get

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Speaker 1: U s m c A passed through the House of Representatives.

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Speaker 1: Obviously the pressure on you is going to be to

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Speaker 1: get the Democrats to to get on board with this.

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Speaker 1: How do you convince the progressives who are saying home

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Speaker 1: workers rights, environmental rights that this isn't progressive enough? How

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Speaker 1: do you who who, what's the what's the play, and

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Speaker 1: what's the time line in the midst of all of

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Speaker 1: this terrible It is im point I think to point

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Speaker 1: out that I'm I'm the honorary chair of the past

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00:24:07,080 --> 00:24:10,040
Speaker 1: U s m c A coalition with Gary Locke as

429
00:24:10,080 --> 00:24:14,320
Speaker 1: well as Eric Paulson, former Congressman from Minnesota Republican, and

430
00:24:14,359 --> 00:24:18,000
Speaker 1: it is bipartisan. Uh, neither of US Erico myself are

431
00:24:18,000 --> 00:24:20,040
Speaker 1: actually lobbying members of the House of the Senate. We

432
00:24:20,080 --> 00:24:21,840
Speaker 1: can't do that. It's it's not legal to do that

433
00:24:21,920 --> 00:24:24,600
Speaker 1: for until January at least the next year, whether I

434
00:24:24,640 --> 00:24:26,800
Speaker 1: do it at all or not, but what I do,

435
00:24:26,840 --> 00:24:28,280
Speaker 1: what I can say to is that it's not only

436
00:24:28,320 --> 00:24:30,840
Speaker 1: United States that has to pass this. Mexico has to

437
00:24:30,840 --> 00:24:33,320
Speaker 1: pass this, Canada has to pass this. This is for

438
00:24:33,480 --> 00:24:37,160
Speaker 1: the Mexican legislature as we speak. How are they interarpreting

439
00:24:37,160 --> 00:24:39,159
Speaker 1: what the president is doing? You know, why are we

440
00:24:39,200 --> 00:24:42,639
Speaker 1: passing this agreement that actually improves the lot for United

441
00:24:42,680 --> 00:24:45,840
Speaker 1: States when the President is imposing tariffs on our products

442
00:24:45,880 --> 00:24:48,240
Speaker 1: right now? So, you know, I keep going back to

443
00:24:48,240 --> 00:24:51,439
Speaker 1: the work. Confusing. It is very confusing in terms of

444
00:24:51,440 --> 00:24:54,640
Speaker 1: the timeline. Uh. You know, I think the hopes when

445
00:24:54,680 --> 00:24:56,919
Speaker 1: we get this done in the House and the Senate

446
00:24:57,240 --> 00:25:00,440
Speaker 1: prior to the August break. Um, you know, I'm will hopfull.

447
00:25:00,440 --> 00:25:02,160
Speaker 1: I don't think I don't think the events the last

448
00:25:02,200 --> 00:25:04,879
Speaker 1: week and the name calling between the President Trump and

449
00:25:04,920 --> 00:25:07,240
Speaker 1: speaking only last week. Yeah, I thought it was like

450
00:25:07,280 --> 00:25:09,720
Speaker 1: a year ago. I don't think that that's that and

451
00:25:09,760 --> 00:25:12,240
Speaker 1: itself kills it, but it makes it more difficult to

452
00:25:12,240 --> 00:25:14,600
Speaker 1: see it done before the August break yeah. I mean,

453
00:25:14,680 --> 00:25:17,680
Speaker 1: Joe brings up an interesting point about Mexico. M l O,

454
00:25:17,920 --> 00:25:20,600
Speaker 1: when he was elected in August eighteen, made it a

455
00:25:20,640 --> 00:25:24,360
Speaker 1: priority to change the economic decline of Mexico. I mean,

456
00:25:24,359 --> 00:25:26,840
Speaker 1: it's growing at a two percent rate, which is dramatically

457
00:25:26,920 --> 00:25:29,560
Speaker 1: less than India at six percent, or even China at

458
00:25:29,600 --> 00:25:32,639
Speaker 1: their height at eight percent. And so what Mexico really

459
00:25:32,680 --> 00:25:36,040
Speaker 1: needs to do is figure out why they cannot educate

460
00:25:36,080 --> 00:25:39,840
Speaker 1: their population so that the choices drop out of high

461
00:25:39,880 --> 00:25:43,040
Speaker 1: school and make a couple of dollars a day max.

462
00:25:43,160 --> 00:25:45,720
Speaker 1: Five dollars a day if you live in Mexico that

463
00:25:45,800 --> 00:25:49,920
Speaker 1: is the average wage, or risk crossing the border and

464
00:25:49,960 --> 00:25:53,280
Speaker 1: make sixteen dollars a day. That's the choice that the

465
00:25:53,320 --> 00:25:56,119
Speaker 1: Mexican government is facing right now. That's what m l

466
00:25:56,160 --> 00:25:58,800
Speaker 1: O is working on, and U S m c A

467
00:25:59,359 --> 00:26:03,160
Speaker 1: is going to alleviate one of the largest industries that Mexico,

468
00:26:03,320 --> 00:26:06,800
Speaker 1: the US and Canada works on, which is auto manufacturing.

469
00:26:06,840 --> 00:26:10,520
Speaker 1: The Democratic Caucus in the House is not realizing that

470
00:26:10,600 --> 00:26:13,399
Speaker 1: the average Mexican worker under U. S m c A

471
00:26:13,520 --> 00:26:17,680
Speaker 1: will make sixteen dollars an hour. I don't understand how

472
00:26:17,720 --> 00:26:20,480
Speaker 1: they can get on their soapbox and continue to pound

473
00:26:20,480 --> 00:26:23,440
Speaker 1: away the president on impeachment when he hasn't done anything,

474
00:26:23,520 --> 00:26:26,440
Speaker 1: and yet when there's an actual chance to help Mexican

475
00:26:26,560 --> 00:26:30,960
Speaker 1: workers and build up Mexican's economy, that they refused to

476
00:26:30,960 --> 00:26:33,760
Speaker 1: do it because they don't like Trump. Plus, I think

477
00:26:33,760 --> 00:26:40,119
Speaker 1: it's a miscalculation. You're handing the president potentially a gift

478
00:26:40,840 --> 00:26:43,600
Speaker 1: on the presidential trail because he's going to go to Michigan,

479
00:26:43,600 --> 00:26:47,040
Speaker 1: Wisconsin and Western Pennsylvania and Ohio and say I had

480
00:26:47,080 --> 00:26:49,159
Speaker 1: a deal, we had U S m c A, and

481
00:26:49,200 --> 00:26:51,840
Speaker 1: the Democrats blocked in. And we all know that NAFTA

482
00:26:52,040 --> 00:26:57,040
Speaker 1: is not too popular to many of the progressive candidates.

483
00:26:58,560 --> 00:27:00,960
Speaker 1: I think Democrats are aware of the improvements in the

484
00:27:01,000 --> 00:27:04,600
Speaker 1: spill as retains the labor. I think they they understand

485
00:27:04,600 --> 00:27:08,359
Speaker 1: the legislature in Mexico always ordered more move towards liberalization

486
00:27:08,440 --> 00:27:10,800
Speaker 1: and allowing for the right to organize and to join

487
00:27:10,920 --> 00:27:13,040
Speaker 1: unions as well. Those are positive steps, I think with

488
00:27:13,160 --> 00:27:15,920
Speaker 1: real focuses on enforcement and the environment, I think that's

489
00:27:15,920 --> 00:27:19,480
Speaker 1: where primarily Democrats fall in terms of those and I

490
00:27:19,480 --> 00:27:21,560
Speaker 1: think those are those are things that can be worked on.

491
00:27:22,000 --> 00:27:24,680
Speaker 1: Two I think I think I think Ambassador Lighthouse and

492
00:27:24,720 --> 00:27:26,719
Speaker 1: knows that is willing to work on all right, Coming up,

493
00:27:27,160 --> 00:27:29,880
Speaker 1: Senator Christman Holland, Democrat from Maryland, will get his take

494
00:27:29,920 --> 00:27:32,560
Speaker 1: on appeachment and on tariff. So I'm Kevin surreally, Sarah

495
00:27:32,600 --> 00:27:35,400
Speaker 1: Kim stage, Joe Crowley stays, and you're listening to Bloomberg

496
00:27:35,960 --> 00:27:39,359
Speaker 1: nine one. You're listening to sound On with Kevin's Really.

497
00:27:39,520 --> 00:27:42,679
Speaker 1: I'm Amy Morris. Tomorrow morning at five on Bloomberg Daybreak,

498
00:27:43,000 --> 00:27:46,480
Speaker 1: Tretury Secretary Manuchin revived trade talks with China while he's

499
00:27:46,520 --> 00:27:50,080
Speaker 1: at the G twenty Finance Minister meetings. That's Bloomberg Daybreak

500
00:27:50,119 --> 00:27:54,159
Speaker 1: tomorrow morning, starting at five on Bloomberg not one. Right now,

501
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Speaker 1: all across the US, there are millions of children without

502
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Speaker 1: internet at home. Hey, announcer person, why are you painting

503
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Speaker 1: the sad picture of my life? You don't know me.

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Speaker 1: quit it with that sad piano music. Now that's something

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511
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Speaker 1: I do my announcer thing now? Sure, I need to

512
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Speaker 1: get out of this commercial anyway, Go get them Sonja.

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Speaker 1: Through Internet Essentials, Comcast has connected more than six million

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557
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Speaker 1: That's w I T h u M dot com slash Digital.

558
00:31:27,560 --> 00:31:30,760
Speaker 1: Bloomberg Business Time in the District five thirty one. Check

559
00:31:30,880 --> 00:31:34,480
Speaker 1: drive time traffic every fifteen minutes on Bloomberg. What do

560
00:31:34,480 --> 00:31:37,520
Speaker 1: you have for us on the Beltway, beth Winters, Well,

561
00:31:37,520 --> 00:31:39,520
Speaker 1: we still have that accident and activity on the outer

562
00:31:39,600 --> 00:31:42,760
Speaker 1: loop after Branch Avenue and this has traffic jam from

563
00:31:42,800 --> 00:31:45,720
Speaker 1: St Barnabas Road. Your delays continue through land Over on

564
00:31:45,760 --> 00:31:47,920
Speaker 1: the outer Loop from Arena Drive heading towards the Green

565
00:31:47,960 --> 00:31:50,480
Speaker 1: Belt Metro and through Hill and Dale Slow's New Hampshire

566
00:31:50,480 --> 00:31:54,000
Speaker 1: Avenue to University Boulevard. Delays continue through but the stiff

567
00:31:54,000 --> 00:31:56,400
Speaker 1: from to seventy headed all the way into Virginia to

568
00:31:56,480 --> 00:31:58,320
Speaker 1: the Little River Turnpike and trying to get to the

569
00:31:58,360 --> 00:32:00,400
Speaker 1: Wilson Bridge on the outer loop. That is jam from

570
00:32:00,400 --> 00:32:04,080
Speaker 1: the Springfield Interchange heading to the Wilson Bridge. Now in Lehill,

571
00:32:04,120 --> 00:32:06,320
Speaker 1: we have an accident on the eastbound side of the

572
00:32:06,360 --> 00:32:09,600
Speaker 1: inter County Connector just before Georgia Avenue blocking the two

573
00:32:09,800 --> 00:32:13,560
Speaker 1: right lanes and traffic is jam from three seventy. This

574
00:32:13,640 --> 00:32:16,120
Speaker 1: report is sponsored by eBay. You know when you're shopping

575
00:32:16,120 --> 00:32:17,720
Speaker 1: and find the right thing and then you see the

576
00:32:17,760 --> 00:32:19,560
Speaker 1: price and you're like, wait, it's how much? But did

577
00:32:19,560 --> 00:32:22,400
Speaker 1: you check eBay? So you do check eBay and eBay

578
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Speaker 1: has that thing you want for the price you want.

579
00:32:24,880 --> 00:32:27,400
Speaker 1: Traffic again, weather every fifteen minutes on the Bellway area

580
00:32:27,480 --> 00:32:30,600
Speaker 1: is only twenty four hour business station Bloomberg and one

581
00:32:30,680 --> 00:32:35,120
Speaker 1: oh five point seven FM h G two if you're Bloomberg.

582
00:32:36,040 --> 00:32:39,280
Speaker 1: Three day weather forecast. It's going to be partly cloudy

583
00:32:39,320 --> 00:32:42,240
Speaker 1: tonight with loads in the sixties. Tomorrow partly sunny, highs

584
00:32:42,240 --> 00:32:45,760
Speaker 1: in the mid eighties, and similar forecast for Saturday, partly

585
00:32:45,800 --> 00:32:49,160
Speaker 1: Sunday skies, muggy highs in the mid eighties. Right now,

586
00:32:49,160 --> 00:32:53,560
Speaker 1: it's eighty nine degrees in Washington. Bloomberg Business Time five

587
00:32:53,640 --> 00:32:56,040
Speaker 1: thirty three. Here your top stories in and around the

588
00:32:56,080 --> 00:33:00,400
Speaker 1: district and across the globe. The Trump administration and Mexican

589
00:33:00,520 --> 00:33:04,400
Speaker 1: leaders continued to negotiate over how America's southern border will

590
00:33:04,440 --> 00:33:08,320
Speaker 1: stem the flow of Central American migrants or faced tariffs

591
00:33:08,360 --> 00:33:11,880
Speaker 1: on their exports to the United States as soon as Monday.

592
00:33:12,040 --> 00:33:14,520
Speaker 1: Vice President Mike Pence a short time ago, said there's

593
00:33:14,520 --> 00:33:18,200
Speaker 1: no deal right now. Bloomberg Sarah McGregor has the latest.

594
00:33:18,320 --> 00:33:20,600
Speaker 1: Our sources are telling us that there is a chance

595
00:33:20,640 --> 00:33:23,120
Speaker 1: that the tariffs could be delayed. That's what Mexico is seeking.

596
00:33:23,120 --> 00:33:25,280
Speaker 1: It just wants to buy more time to try to

597
00:33:25,320 --> 00:33:27,760
Speaker 1: convince the US that it can meet its demands over

598
00:33:27,800 --> 00:33:31,640
Speaker 1: its um immigration proposals. But um, you know. One scenario

599
00:33:31,760 --> 00:33:34,600
Speaker 1: would be that the US does impose the tariffs on Monday,

600
00:33:34,840 --> 00:33:37,400
Speaker 1: but perhaps they're short lived while Mexico comes up with

601
00:33:37,440 --> 00:33:39,880
Speaker 1: the plan and at least show some early signs that

602
00:33:39,920 --> 00:33:43,040
Speaker 1: it's implementing those promises. The number of migrants arrested at

603
00:33:43,040 --> 00:33:46,560
Speaker 1: the border sword to nearly one thirty three thousand in May.

604
00:33:46,640 --> 00:33:50,440
Speaker 1: According to Customs and Border Protection. Border arrests have risen

605
00:33:50,480 --> 00:33:54,200
Speaker 1: to levels unseen in nearly twenty years, Sound On with

606
00:33:54,320 --> 00:33:58,880
Speaker 1: Kevin Surly continues, I'm Martin DeCaro. This is Bloomberg one

607
00:33:58,920 --> 00:34:06,280
Speaker 1: h five point seven H two. This is sound On

608
00:34:06,520 --> 00:34:10,759
Speaker 1: with Kevin's really on Bloomberg one and one oh five

609
00:34:10,760 --> 00:34:14,840
Speaker 1: point seven of m h D two Boltemore headlines regarding

610
00:34:14,880 --> 00:34:19,880
Speaker 1: Deutsche Bank. Prompted by the New York Times now fallout

611
00:34:19,920 --> 00:34:24,400
Speaker 1: from Democratic senators. They wrote a letter to the Federal

612
00:34:24,480 --> 00:34:28,280
Speaker 1: Reserve asking whether or not Deutsche Bank complied with anti

613
00:34:28,400 --> 00:34:33,360
Speaker 1: money laundering laws. One of those senators who wrote the letter,

614
00:34:33,480 --> 00:34:36,880
Speaker 1: along with Senator Elizabeth Warren, is joining us on the

615
00:34:36,920 --> 00:34:39,880
Speaker 1: phone now, Senator Chris van Holland. He is a Democrat

616
00:34:40,200 --> 00:34:43,799
Speaker 1: from Maryland. Senator, I appreciate your time bring us up

617
00:34:43,840 --> 00:34:47,120
Speaker 1: to speed with this, with this investigation that you are

618
00:34:47,160 --> 00:34:51,239
Speaker 1: calling for with Fed Chair J. Powell well having it's

619
00:34:51,239 --> 00:34:53,880
Speaker 1: so good to be with you and the ranking member,

620
00:34:54,000 --> 00:34:57,000
Speaker 1: Senator Shared Brown is also part of the group set

621
00:34:57,080 --> 00:35:02,080
Speaker 1: this letter. And this is part of follow up from

622
00:35:02,080 --> 00:35:05,480
Speaker 1: the New York Times story where there was a whistleblower

623
00:35:05,520 --> 00:35:08,680
Speaker 1: at Deutsche Bank that said that there had been a

624
00:35:08,800 --> 00:35:13,840
Speaker 1: suspicious activities report flagged on various accounts dealing with the

625
00:35:13,880 --> 00:35:18,200
Speaker 1: Trump family, UH and Jared Kushner, and we believe it's

626
00:35:18,320 --> 00:35:21,600
Speaker 1: very important that the Federal Reserve do its job and

627
00:35:21,719 --> 00:35:26,160
Speaker 1: investigate this matter. I wrote to the Federal Reserve way

628
00:35:26,160 --> 00:35:30,759
Speaker 1: back in kind of looking ahead and pointing out that

629
00:35:31,360 --> 00:35:34,680
Speaker 1: the FED, as an independent entity, should make sure that

630
00:35:34,800 --> 00:35:39,880
Speaker 1: they properly oversee Deutsche Bank despite the conflicts of interest

631
00:35:40,040 --> 00:35:42,640
Speaker 1: that the President has with that bank. I received the

632
00:35:42,719 --> 00:35:46,400
Speaker 1: letter back from them assuring me that they would maintain

633
00:35:46,480 --> 00:35:50,440
Speaker 1: their independence and provide accountability. So this will be a

634
00:35:50,520 --> 00:35:53,880
Speaker 1: test whether they do that. Do you think that the

635
00:35:54,040 --> 00:35:56,120
Speaker 1: said I mean, as you know, and this is a

636
00:35:56,120 --> 00:35:58,479
Speaker 1: little awkward, I mean the FED and fed Share Palell.

637
00:35:58,480 --> 00:36:02,560
Speaker 1: They've been criticized by presidents. President Trump has attacked fedjare

638
00:36:02,920 --> 00:36:08,560
Speaker 1: fed Share powells decisions regarding monetary policy. Do you think

639
00:36:08,760 --> 00:36:11,759
Speaker 1: that this is going to be a decision for fed

640
00:36:11,760 --> 00:36:15,480
Speaker 1: Share Powell about whether or not to have this investigation

641
00:36:15,560 --> 00:36:18,399
Speaker 1: go on at a time in which the administration has

642
00:36:18,640 --> 00:36:23,400
Speaker 1: criticized and policized the Central Bank. Well, the fact that

643
00:36:23,520 --> 00:36:29,799
Speaker 1: President Trump has inappropriately attacked the Federal Reserve cannot and

644
00:36:29,920 --> 00:36:34,439
Speaker 1: should not deter the Federal Reserve from doing its job.

645
00:36:34,560 --> 00:36:37,719
Speaker 1: I mean, part of its job is to regulate big

646
00:36:37,760 --> 00:36:41,000
Speaker 1: banks like Deutsche Bank, and if we have a situation

647
00:36:41,080 --> 00:36:44,839
Speaker 1: where President United States can deter them from doing their

648
00:36:44,920 --> 00:36:48,320
Speaker 1: job by attacking them, uh, that would obviously undermine the

649
00:36:48,360 --> 00:36:51,440
Speaker 1: integrity of the entire system. So what we're asking the

650
00:36:51,440 --> 00:36:53,680
Speaker 1: Federal Reserve to do is what they said they would

651
00:36:53,680 --> 00:36:56,919
Speaker 1: do two years ago. Maintain their independence, do their job,

652
00:36:56,960 --> 00:36:59,640
Speaker 1: and when you have evidence that I come forward, like

653
00:36:59,760 --> 00:37:02,640
Speaker 1: the events we've seen, a part of their job is

654
00:37:02,680 --> 00:37:05,880
Speaker 1: to investigate it. And that's what we're asking them to do. Senator,

655
00:37:06,000 --> 00:37:10,719
Speaker 1: from from Congress's standpoint, from the Senate Banking Committee standpoint,

656
00:37:11,120 --> 00:37:14,279
Speaker 1: from from the minority party in there with Democrats as

657
00:37:14,320 --> 00:37:17,480
Speaker 1: well as in the Democratic controlled House with Maxine Waters

658
00:37:17,480 --> 00:37:22,200
Speaker 1: on the Financial Services Committee, could could there be calls

659
00:37:22,239 --> 00:37:25,440
Speaker 1: for subpoenas to be issued from Deutsche Bank? Could you

660
00:37:25,719 --> 00:37:27,879
Speaker 1: or do you do you want to hear from Jared

661
00:37:27,960 --> 00:37:31,400
Speaker 1: Kushner himself come forward about this New York Times report

662
00:37:31,719 --> 00:37:36,040
Speaker 1: regarding Deutsche Bank. Well, as you know, the House of

663
00:37:36,080 --> 00:37:41,399
Speaker 1: Representatives have subpoena uh documents from Deutsche Bank, and we've

664
00:37:41,440 --> 00:37:46,080
Speaker 1: had one court already uphold that request that's working its

665
00:37:46,080 --> 00:37:50,359
Speaker 1: way through the system. UH. So that is obviously one

666
00:37:51,160 --> 00:37:54,839
Speaker 1: approach and an important approach. But what we're asking the

667
00:37:54,880 --> 00:37:57,680
Speaker 1: Federal Reserve to do is to do their job here.

668
00:37:57,920 --> 00:38:01,480
Speaker 1: And uh, there's no reason that we shouldn't approach this

669
00:38:01,640 --> 00:38:04,839
Speaker 1: from both angles. And you know, the Federal Reserve has

670
00:38:04,880 --> 00:38:09,560
Speaker 1: its reputation at stake, and uh, you know this is

671
00:38:09,600 --> 00:38:12,800
Speaker 1: this is part of their portfolio, part of their responsibility.

672
00:38:12,840 --> 00:38:15,799
Speaker 1: And when you have evidence like this, they should not

673
00:38:15,840 --> 00:38:19,360
Speaker 1: be looking the other way as the Federal Reserve excuse me,

674
00:38:19,400 --> 00:38:23,000
Speaker 1: as the Deutsche Bank executives apparently, uh look the other

675
00:38:23,040 --> 00:38:28,560
Speaker 1: way when their own people filed uh the suspicious activity

676
00:38:28,600 --> 00:38:32,760
Speaker 1: reports or raised these suspicious activity reports. Senator Christian Holland,

677
00:38:32,800 --> 00:38:35,640
Speaker 1: he represents Maryland, a Democrat from Maryland. Just a couple

678
00:38:35,719 --> 00:38:38,200
Speaker 1: more questions. I know your time is valuable. The issue

679
00:38:38,200 --> 00:38:41,120
Speaker 1: of tariffs. It's all to talk here on Bloomberg. The

680
00:38:41,200 --> 00:38:44,000
Speaker 1: Vice President saying that those tariffs are still set to go.

681
00:38:44,600 --> 00:38:47,680
Speaker 1: Uh ray be raised on Monday against Mexico. Do you

682
00:38:47,719 --> 00:38:51,920
Speaker 1: like what the President's doing with threatening these tariffs? No,

683
00:38:52,560 --> 00:38:56,359
Speaker 1: what what the president is doing is totally counterproductive. We

684
00:38:56,440 --> 00:38:59,800
Speaker 1: have a very serious situation at the border. Uh. The

685
00:39:00,280 --> 00:39:03,120
Speaker 1: many things that we should be doing, but what we

686
00:39:03,120 --> 00:39:07,160
Speaker 1: should not be doing. Is threatening to increase prices to

687
00:39:07,360 --> 00:39:13,880
Speaker 1: American consumers and American businesses as part of this pressure

688
00:39:13,920 --> 00:39:18,359
Speaker 1: campaign on Mexico if it doesn't do us canny good

689
00:39:18,400 --> 00:39:21,839
Speaker 1: at the end of the day to punish Americans UH

690
00:39:22,080 --> 00:39:25,920
Speaker 1: for UH in an effort to try to address the

691
00:39:25,960 --> 00:39:29,839
Speaker 1: immigration issue. So this will simply hype prices here as

692
00:39:29,880 --> 00:39:33,920
Speaker 1: we've seen, you know, the President's other tariffs increasing prices, especially,

693
00:39:34,560 --> 00:39:38,520
Speaker 1: UH disagree with this efforts to use so called Section

694
00:39:38,560 --> 00:39:42,719
Speaker 1: two two national security authority to place these tariffs on

695
00:39:42,760 --> 00:39:46,280
Speaker 1: some of our close allies Canada, European partners and others.

696
00:39:46,640 --> 00:39:48,520
Speaker 1: And what about just lasted before I let you go?

697
00:39:48,600 --> 00:39:50,640
Speaker 1: What about what about this issue of impeachment? What do

698
00:39:50,680 --> 00:39:53,160
Speaker 1: you think the best thing to do? Uh? From I

699
00:39:53,200 --> 00:39:54,719
Speaker 1: mean you're in the Senate. I mean you know there's

700
00:39:54,760 --> 00:39:56,960
Speaker 1: the match, just isn't there. So even if the Democrats

701
00:39:57,000 --> 00:40:00,400
Speaker 1: in the House they want to go down the impeachment round,

702
00:40:00,520 --> 00:40:02,520
Speaker 1: it gets to the House, I mean, there's not the

703
00:40:02,600 --> 00:40:04,080
Speaker 1: votes there to convict. So what do you make of

704
00:40:04,120 --> 00:40:08,799
Speaker 1: all this impeachment chatter? Well, the purpose of impeachment is

705
00:40:08,960 --> 00:40:14,279
Speaker 1: to have a political tool to president's accountable, and so

706
00:40:14,480 --> 00:40:17,359
Speaker 1: I believe that the House of Representatives is doing the

707
00:40:17,480 --> 00:40:23,080
Speaker 1: right thing by conducting these hearings by you know, demanding

708
00:40:23,160 --> 00:40:28,920
Speaker 1: that uh more testifying, UH talk about what's in his report,

709
00:40:29,040 --> 00:40:33,719
Speaker 1: what's in the findings. Uh. It's important to get the

710
00:40:33,760 --> 00:40:37,680
Speaker 1: testimony of McGann and as they're doing. In addition to

711
00:40:37,719 --> 00:40:42,239
Speaker 1: the Deutsche Bank Deutsche Bank records that they've subpoena, they've

712
00:40:42,280 --> 00:40:48,479
Speaker 1: also subpoena documents from the Trump organization. And it's really

713
00:40:48,480 --> 00:40:53,719
Speaker 1: important that the president of the United States not be

714
00:40:54,440 --> 00:40:57,480
Speaker 1: held up the law. The president has to be held

715
00:40:57,480 --> 00:41:00,719
Speaker 1: accountable just like any other American citizen. So my view

716
00:41:00,760 --> 00:41:03,960
Speaker 1: is that they should continue doing what they're doing, and

717
00:41:03,960 --> 00:41:06,000
Speaker 1: then they have to make a decision as to how

718
00:41:06,040 --> 00:41:09,280
Speaker 1: to proceed. I think they're right not to have ruled

719
00:41:09,280 --> 00:41:13,680
Speaker 1: out impeachment. They have to follow the evidence where it leads.

720
00:41:13,680 --> 00:41:17,320
Speaker 1: I should point out that while they're conducting this hearings,

721
00:41:17,440 --> 00:41:21,440
Speaker 1: the House has also passed lots of legislation on issues

722
00:41:21,560 --> 00:41:25,200
Speaker 1: very important to American public, from gun safety to trying

723
00:41:25,200 --> 00:41:29,719
Speaker 1: to end secret money in politics, to equal for equal work.

724
00:41:30,280 --> 00:41:32,760
Speaker 1: They've passed all these bills which are all now sitting

725
00:41:32,800 --> 00:41:36,319
Speaker 1: in the Republican controlled Senator. I wish Mitch McConnell would

726
00:41:36,360 --> 00:41:39,160
Speaker 1: actually start doing something and then let at least let

727
00:41:39,239 --> 00:41:41,080
Speaker 1: us a vote on these bills that are important to

728
00:41:41,080 --> 00:41:44,680
Speaker 1: American people. Senator Christen and Holland, a Democrats from from

729
00:41:44,760 --> 00:41:46,879
Speaker 1: from Maryland. I didn't know this, Senator, but you went

730
00:41:46,920 --> 00:41:49,719
Speaker 1: to Smothmore College. Look, it's down the street from where

731
00:41:49,719 --> 00:41:51,960
Speaker 1: I grew up in Delco. But it's Delco, so you

732
00:41:52,000 --> 00:41:56,759
Speaker 1: know you're familiar with Delco Spotsmore College. Absolutely, all right,

733
00:41:56,800 --> 00:41:59,040
Speaker 1: Well it's a it's a great area. I love the whole.

734
00:41:59,040 --> 00:42:01,200
Speaker 1: It's the distance you and let me tell, let me

735
00:42:01,239 --> 00:42:03,880
Speaker 1: ask you why. Okay, pats her Gino's I take it

736
00:42:03,920 --> 00:42:09,320
Speaker 1: it's spent some time in Philly. Yeah, what patsos cheesesteaks.

737
00:42:11,239 --> 00:42:13,279
Speaker 1: I don't know that. I made a lot of cheesesteaks

738
00:42:13,360 --> 00:42:16,520
Speaker 1: during my time. But that's why you represent Maryland, Senator,

739
00:42:16,719 --> 00:42:20,000
Speaker 1: It's why you represent Maryland. Senator Chris Dan Holland. Everybody

740
00:42:20,200 --> 00:42:23,839
Speaker 1: appreciate the time. Democrat from Maryland appreciate it. Coming up

741
00:42:23,840 --> 00:42:26,919
Speaker 1: penal reacts Joe Crowley, Serry Kim, I'm Kevin Sirelli. You're

742
00:42:26,960 --> 00:42:34,040
Speaker 1: listening to Bloomberg. You're listening to sound On with Kevin Cirelli.

743
00:42:34,160 --> 00:42:37,880
Speaker 1: I'm Nathan Haker. Join us tomorrow morning on Bloomberg Daybreak.

744
00:42:37,920 --> 00:42:41,080
Speaker 1: It is Jobs Friday, will preview the May employment report

745
00:42:41,120 --> 00:42:45,240
Speaker 1: with Kevin Cummins, economist at Netwest Market Securities. That's Bloomberg

746
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764
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766
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769
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770
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772
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773
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774
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821
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822
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823
00:47:03,239 --> 00:47:07,440
Speaker 1: Report tomorrow morning at eight thirty Bloomberg and one or

824
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826
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Speaker 1: Bloomberg Business time in the district five seven drivetime traffic

827
00:47:19,960 --> 00:47:23,320
Speaker 1: every fifteen minutes on Bloomberg one heading out to the

828
00:47:23,400 --> 00:47:26,360
Speaker 1: Inter County connector the i c C with Beth Winters

829
00:47:27,600 --> 00:47:30,080
Speaker 1: Yes on the i c C. We have an accident

830
00:47:30,120 --> 00:47:32,839
Speaker 1: in eastbound just before George Avenue of blocking the two

831
00:47:33,000 --> 00:47:35,960
Speaker 1: right lanes and traffic is jam from three seventy now

832
00:47:36,040 --> 00:47:37,799
Speaker 1: on the Bellway. A couple of things to watch out

833
00:47:37,840 --> 00:47:40,200
Speaker 1: for on the inner loops for George Avenue the disabled

834
00:47:40,280 --> 00:47:43,080
Speaker 1: vehicle blocking the right lane and on the outer loop

835
00:47:43,160 --> 00:47:45,360
Speaker 1: at Branch app And and we still have that accident

836
00:47:45,440 --> 00:47:48,719
Speaker 1: in activity with traffic jam from St Barnabas Road. And

837
00:47:48,880 --> 00:47:51,120
Speaker 1: also we've got outer loop to Ladies again from New

838
00:47:51,160 --> 00:47:53,759
Speaker 1: Hampshire Avenue to University Boulevard from two seventy to the

839
00:47:53,800 --> 00:47:56,719
Speaker 1: Little River Turnpike and also on the outer loop from

840
00:47:56,760 --> 00:48:00,800
Speaker 1: the Springfield Interchange headed to the Woodrow Wilson Bridge. Also

841
00:48:00,920 --> 00:48:03,640
Speaker 1: watch for slow going traffic in Maryland on northbound ninety

842
00:48:03,680 --> 00:48:06,800
Speaker 1: five between the I SEC headed towards Route one. And

843
00:48:06,920 --> 00:48:09,239
Speaker 1: also do be aware that in Columbia we do have

844
00:48:09,320 --> 00:48:12,160
Speaker 1: an accident on Route thirty two westbound between the broken

845
00:48:12,200 --> 00:48:15,360
Speaker 1: Land Parkway and Shaker Drive. The roadway is closed in

846
00:48:15,480 --> 00:48:18,919
Speaker 1: that area and traffic delays begin at Dorsey when road

847
00:48:19,320 --> 00:48:21,799
Speaker 1: traffic again, whether every fifteen minutes on the Bellway area

848
00:48:21,880 --> 00:48:24,640
Speaker 1: is only twenty four hour. Business station Bloomberg one on

849
00:48:24,680 --> 00:48:28,359
Speaker 1: one h five point seven FM HD two. Well thanks Beth.

850
00:48:28,480 --> 00:48:31,919
Speaker 1: Now if you're Bloomberg one. Three day weather forecast gonna

851
00:48:31,960 --> 00:48:34,680
Speaker 1: look a lot like it was today, warm and sunny.

852
00:48:35,200 --> 00:48:38,120
Speaker 1: Let's start with tonight partly cloudie, going down to the sixties.

853
00:48:38,520 --> 00:48:41,960
Speaker 1: We warm up tomorrow and Saturday. Look for partly sunny

854
00:48:42,000 --> 00:48:45,279
Speaker 1: skies both day with highs in the mid eighties. And

855
00:48:45,360 --> 00:48:48,120
Speaker 1: it's still hot out right now in Washington, d C.

856
00:48:48,360 --> 00:48:50,160
Speaker 1: Late in the day or eighty eight degrees in the

857
00:48:50,239 --> 00:48:53,960
Speaker 1: nation's capital. Sound On with Kevin Sirley continues on Bloomberg

858
00:48:54,680 --> 00:48:57,480
Speaker 1: and one oh five point seven h D two. You're

859
00:48:57,560 --> 00:49:01,360
Speaker 1: listening to sound On with Kevin sr. Really on Bloomberg

860
00:49:02,600 --> 00:49:06,520
Speaker 1: and m h D two Botimore. One of my all

861
00:49:06,600 --> 00:49:09,279
Speaker 1: time favorites. Beautiful Day by you two and it is

862
00:49:09,360 --> 00:49:12,560
Speaker 1: a beautiful day here in Washington. And for music fans,

863
00:49:12,920 --> 00:49:16,840
Speaker 1: Keen remember Keen Keene releasing a new song today and

864
00:49:16,960 --> 00:49:19,080
Speaker 1: plans for a new album. But I'll stick back to

865
00:49:19,160 --> 00:49:24,399
Speaker 1: politics because that is what I do. Yeah. John Crawley's here,

866
00:49:24,760 --> 00:49:30,840
Speaker 1: former Democratic Country. Okay, answer your own question. Oh my gosh,

867
00:49:30,960 --> 00:49:33,399
Speaker 1: don't do that to me too. Really, my first album

868
00:49:33,400 --> 00:49:35,600
Speaker 1: I ever bought I was eleven years old. It was

869
00:49:35,680 --> 00:49:40,279
Speaker 1: Goodbye Yellow Pick Robount and John. He's making Surgence documentary

870
00:49:40,320 --> 00:49:43,080
Speaker 1: that came out with the movie. You know, we recommend

871
00:49:43,120 --> 00:49:44,960
Speaker 1: the movie. And then the other movie that comes out

872
00:49:45,080 --> 00:49:47,520
Speaker 1: is about the Beatles. It's about if the Beatles never

873
00:49:47,680 --> 00:49:50,480
Speaker 1: It's yesterday, if the Beatles never. Actually I want to

874
00:49:50,520 --> 00:49:53,120
Speaker 1: see that. I wouldn't see that too. I would I

875
00:49:53,160 --> 00:49:55,520
Speaker 1: would say probably a Springsteen album and have to really

876
00:49:55,520 --> 00:49:57,040
Speaker 1: be hard pressed to pick one, but I'll say The

877
00:49:57,120 --> 00:49:59,759
Speaker 1: River because it was a double album. There, you guys

878
00:50:00,239 --> 00:50:02,840
Speaker 1: came Republican tragics. Can we find music agreement between you

879
00:50:02,880 --> 00:50:06,520
Speaker 1: and Joe so? Um? This is very stereotypical. But my

880
00:50:06,760 --> 00:50:09,400
Speaker 1: Korean immigrant parents didn't let me listen to music or

881
00:50:09,440 --> 00:50:11,680
Speaker 1: watch television because all I had to do was study.

882
00:50:12,080 --> 00:50:13,800
Speaker 1: So I didn't get my first album until I was

883
00:50:14,000 --> 00:50:18,080
Speaker 1: like in high school and it was Backstreet Boys. Maybe

884
00:50:18,120 --> 00:50:22,040
Speaker 1: it's like junior high. Yeah, I can't remember. What did

885
00:50:22,080 --> 00:50:24,160
Speaker 1: you think of christ Man Holland not knowing Patsy knows

886
00:50:24,160 --> 00:50:26,560
Speaker 1: we're gonna side step Daddy represents Maryland the real answers

887
00:50:26,600 --> 00:50:29,440
Speaker 1: Tony Lukes. It was really funny because he was like,

888
00:50:29,800 --> 00:50:33,520
Speaker 1: I don't really eat cheese steaks. I think it was policy,

889
00:50:34,840 --> 00:50:39,520
Speaker 1: his policy. Sorry I'm hungry. I was like, what, I'm

890
00:50:39,520 --> 00:50:41,560
Speaker 1: always angry, but as you know, thanks for the cookies.

891
00:50:41,560 --> 00:50:45,239
Speaker 1: By the way, you're welcome. You're welcome. Um. His his

892
00:50:45,440 --> 00:50:47,920
Speaker 1: rational for, you know, kind of dinging the Trump family.

893
00:50:48,000 --> 00:50:50,520
Speaker 1: I think it's really funny because I get pinned by

894
00:50:50,920 --> 00:50:53,600
Speaker 1: JP Morgan Chase for suspicious activity all the time, and

895
00:50:54,000 --> 00:50:56,120
Speaker 1: if you spend outside of your limits, if you travel,

896
00:50:56,560 --> 00:50:59,640
Speaker 1: Like what is this suspicious activity thing that Chris Fan

897
00:50:59,719 --> 00:51:03,799
Speaker 1: Holland alleges that the family did. I mean, at this point,

898
00:51:03,920 --> 00:51:07,560
Speaker 1: the Democrats are seriously strenuously reaching to come to the

899
00:51:07,680 --> 00:51:12,800
Speaker 1: conclusion that they already ascertain occurred in which is that

900
00:51:12,880 --> 00:51:14,640
Speaker 1: the Trump family is a couple of the Trump family

901
00:51:14,760 --> 00:51:17,240
Speaker 1: is guilty. The Trump family should not be in office.

902
00:51:17,320 --> 00:51:19,480
Speaker 1: The Trump family needs to go jail, and now they're

903
00:51:19,520 --> 00:51:22,040
Speaker 1: reaching for anything that will help them get there, and

904
00:51:22,160 --> 00:51:24,800
Speaker 1: it's really doing a disservice to the American public. I

905
00:51:24,880 --> 00:51:27,200
Speaker 1: know a lot of these people do hard work, Like

906
00:51:27,480 --> 00:51:29,839
Speaker 1: I was listening to the drug pricing issue that Anna

907
00:51:30,000 --> 00:51:32,359
Speaker 1: issue is doing on the House side. I mean, they're

908
00:51:32,480 --> 00:51:35,320
Speaker 1: working on these types of issues, but it is subsumed

909
00:51:35,560 --> 00:51:38,440
Speaker 1: in a vacuum of making Trump look bad. Well, I

910
00:51:38,560 --> 00:51:40,160
Speaker 1: think that a lot of the issues that Chris was

911
00:51:40,200 --> 00:51:43,600
Speaker 1: talking about, they're not new. These are newly found issues.

912
00:51:43,920 --> 00:51:46,400
Speaker 1: But I think they're looking for is further discovery and

913
00:51:46,520 --> 00:51:48,440
Speaker 1: finding out more information. I think that's what the tax

914
00:51:48,719 --> 00:51:52,440
Speaker 1: uh returns issues about, as well as really information gathering.

915
00:51:52,880 --> 00:51:55,399
Speaker 1: I thought Chris, by the way, I love Chris. Chris

916
00:51:55,520 --> 00:51:58,120
Speaker 1: and I have been good friends for many years. He's

917
00:51:58,160 --> 00:52:00,520
Speaker 1: a very deliberate kind of person. He's a he's a

918
00:52:00,680 --> 00:52:02,440
Speaker 1: very gentle person. At the same time, it can be

919
00:52:02,600 --> 00:52:04,920
Speaker 1: very tough. He ran the DGIT will see that's a

920
00:52:05,000 --> 00:52:07,880
Speaker 1: tough job to be a senator from any state and

921
00:52:08,200 --> 00:52:11,279
Speaker 1: be a cosmopolitan state like Maryland, it's a tough job

922
00:52:12,239 --> 00:52:14,799
Speaker 1: at the same time have a rural areas. I think

923
00:52:14,880 --> 00:52:16,960
Speaker 1: Chris is a good job over Wall. But I think

924
00:52:16,960 --> 00:52:19,480
Speaker 1: when he saw with the impeachment issue um and really

925
00:52:19,520 --> 00:52:23,400
Speaker 1: talking about letting the house work its will do the investigations,

926
00:52:23,719 --> 00:52:25,840
Speaker 1: not getting too far ahead. I think that's what Pelosi

927
00:52:26,160 --> 00:52:29,680
Speaker 1: very much embodies as well. I've read the full Remodel report.

928
00:52:29,800 --> 00:52:32,200
Speaker 1: I take take the first part, chapter one and put

929
00:52:32,200 --> 00:52:34,759
Speaker 1: it aside. It's all about chapter two. That's what this

930
00:52:34,880 --> 00:52:37,200
Speaker 1: is all about, because that's where they really focus on

931
00:52:37,280 --> 00:52:39,880
Speaker 1: the issue of obstruction. You don't have to have to

932
00:52:40,000 --> 00:52:44,480
Speaker 1: be you don't have to be uh wrong, you have

933
00:52:44,520 --> 00:52:47,560
Speaker 1: to be involved in wrongful acts uh to cover up

934
00:52:48,080 --> 00:52:51,000
Speaker 1: a justice. If that makes sense. What a conundrum for

935
00:52:51,160 --> 00:52:53,919
Speaker 1: fet share j power. Can you imagine getting a letter

936
00:52:54,000 --> 00:52:56,000
Speaker 1: from the Dens Like, first you've got to worry about

937
00:52:56,040 --> 00:52:59,080
Speaker 1: President Trump's tweets. Then first you gotta worry about the

938
00:52:59,120 --> 00:53:03,120
Speaker 1: economy and know like keeping the economy going well. But

939
00:53:03,200 --> 00:53:05,480
Speaker 1: then you're going to worry about President Trump sweets. And

940
00:53:05,480 --> 00:53:08,160
Speaker 1: now you've got Elizabeth Wore and Jared Brown and Chris

941
00:53:08,280 --> 00:53:12,080
Speaker 1: Van Allen saying investigate on Deutsche Bank. Tough tou job

942
00:53:12,160 --> 00:53:15,359
Speaker 1: for j Powell. He asked for it. But I think

943
00:53:15,400 --> 00:53:18,040
Speaker 1: it's really funny that you know, a couple of days ago,

944
00:53:18,120 --> 00:53:20,839
Speaker 1: when um Joan Powell was basically saying that he would

945
00:53:21,200 --> 00:53:25,200
Speaker 1: lower interest rates, the market bloomberg. Um, all the savvy

946
00:53:25,239 --> 00:53:27,640
Speaker 1: people were like, oh, this is fantastic, this is exactly

947
00:53:27,680 --> 00:53:29,920
Speaker 1: what we need, and the market went up. But when

948
00:53:30,000 --> 00:53:34,240
Speaker 1: President Trump told Pale the exact same thing, everybody freaked

949
00:53:34,280 --> 00:53:37,520
Speaker 1: out and said, oh, President Trump is plus, he's got

950
00:53:37,600 --> 00:53:40,240
Speaker 1: a point. He's got a point to have you remember

951
00:53:40,320 --> 00:53:42,640
Speaker 1: during the election he was begging the raised interest rates.

952
00:53:42,800 --> 00:53:49,000
Speaker 1: It's just it is interesting, though, to see how he's

953
00:53:49,600 --> 00:53:53,160
Speaker 1: President Trump has totally changed the dynamic of what is acceptable,

954
00:53:53,560 --> 00:53:55,920
Speaker 1: maybe not acceptable, but what is now the norm for

955
00:53:56,040 --> 00:53:58,320
Speaker 1: criticizing the Central Bank. I do want to tech on

956
00:53:58,400 --> 00:54:00,160
Speaker 1: one thing, and like the two minutes that you have

957
00:54:00,360 --> 00:54:03,520
Speaker 1: left the FCC chairman, did you see this a jeep pie?

958
00:54:04,040 --> 00:54:07,680
Speaker 1: He passed this new regulation and I'm gonna get real monkey.

959
00:54:07,920 --> 00:54:10,839
Speaker 1: Do you guys get robo calls. I get so many

960
00:54:10,960 --> 00:54:13,440
Speaker 1: robo calls, and I'm like, and now they like a

961
00:54:13,600 --> 00:54:17,840
Speaker 1: target targeted them to work to my hometown area code.

962
00:54:18,239 --> 00:54:20,560
Speaker 1: So I'm like, oh, maybe this is a call from

963
00:54:20,600 --> 00:54:23,960
Speaker 1: back home and delko from chicking my mom. And I'm like, no,

964
00:54:24,320 --> 00:54:25,920
Speaker 1: it's just a robocall. So if you look at my

965
00:54:26,000 --> 00:54:28,600
Speaker 1: block number list, it's all robo calls. Well, now a

966
00:54:28,760 --> 00:54:30,960
Speaker 1: jeepie at the f c C. I'm dying interview him

967
00:54:30,960 --> 00:54:33,000
Speaker 1: again about this. Uh. And I told him this in

968
00:54:33,040 --> 00:54:34,560
Speaker 1: the green room here at Bloomberg. I was like, what

969
00:54:34,600 --> 00:54:37,440
Speaker 1: are you doing about these robocalls? They passed a regulation

970
00:54:37,560 --> 00:54:39,960
Speaker 1: to death in the last twenty four hours where they're

971
00:54:40,040 --> 00:54:44,279
Speaker 1: now going to give the telephone company's verizons of the

972
00:54:44,320 --> 00:54:47,480
Speaker 1: world and whatnot a T and T the ability to

973
00:54:47,960 --> 00:54:52,719
Speaker 1: block these calls. So this was a bipartisan push. Uh,

974
00:54:52,840 --> 00:54:55,160
Speaker 1: it's a really wonky thing. But keep your fingers crossed

975
00:54:55,200 --> 00:54:58,560
Speaker 1: everybody that maybe we won't be getting these robo calls. Yeah,

976
00:54:58,680 --> 00:55:02,000
Speaker 1: that sounds really fantastic, but yet again highlights the fact

977
00:55:02,080 --> 00:55:05,320
Speaker 1: that this is an issue that Congress highlighted, that Trump highlighted,

978
00:55:05,560 --> 00:55:07,719
Speaker 1: and now everybody worked together in d C to solve

979
00:55:07,760 --> 00:55:10,360
Speaker 1: a problem that people don't like. There are so many

980
00:55:10,560 --> 00:55:13,120
Speaker 1: of these things, these type of issues out there. We

981
00:55:13,160 --> 00:55:16,560
Speaker 1: have one point three trillion dollars of unsubsidized student loan debt.

982
00:55:16,560 --> 00:55:18,239
Speaker 1: I mean, these are things that people can actually be

983
00:55:18,360 --> 00:55:21,640
Speaker 1: working on, but we're sucking up the oxygen talking about impeachment.

984
00:55:21,680 --> 00:55:25,120
Speaker 1: I'm over it. When you were in Congress, did you

985
00:55:25,160 --> 00:55:28,359
Speaker 1: get robo calls? Um? Well, I certainly used to get

986
00:55:28,400 --> 00:55:30,840
Speaker 1: them at home on my home phone. I think in

987
00:55:31,320 --> 00:55:34,280
Speaker 1: the Congress Act and in the Government Federal Government ACTFCC acted.

988
00:55:34,760 --> 00:55:37,320
Speaker 1: I think what you're really dealing with here is the

989
00:55:37,480 --> 00:55:41,440
Speaker 1: change and ever changing technology. Uh, and something that you

990
00:55:41,600 --> 00:55:44,239
Speaker 1: really get on your phone now you're getting on your phone. Um,

991
00:55:44,400 --> 00:55:47,480
Speaker 1: it's really addressing an issue that's a real issue. Not

992
00:55:47,680 --> 00:55:50,920
Speaker 1: phone is crazy. This is crazy. This is according to Politico,

993
00:55:51,160 --> 00:55:53,440
Speaker 1: how many robo calls do you think we're made in

994
00:55:53,520 --> 00:55:59,239
Speaker 1: America last year alone? Billion? I was gonna say one

995
00:55:59,280 --> 00:56:03,000
Speaker 1: point seven five billion. You guys aren't even close. Billy

996
00:56:04,520 --> 00:56:06,640
Speaker 1: wait wait wait wait wait wait, company were made about

997
00:56:06,680 --> 00:56:11,880
Speaker 1: forty eight billions billion robocalls. Book g Pie and Co.

998
00:56:12,080 --> 00:56:15,680
Speaker 1: At the SEC get her of those darn robot calls?

999
00:56:15,680 --> 00:56:18,160
Speaker 1: Show Crawley, thanks for coming on, Sary Kim, thanks for

1000
00:56:18,200 --> 00:56:21,319
Speaker 1: coming on. Congrats on the Madi Pac getting on that list,

1001
00:56:21,400 --> 00:56:23,480
Speaker 1: And I'm Kevin Sirelli. You can download the Sound On

1002
00:56:23,560 --> 00:56:26,480
Speaker 1: podcast on Apple, it Tunes of Bloomberg dot com, or

1003
00:56:26,640 --> 00:56:29,279
Speaker 1: by downloading the Bloomberg Business app. You can find us

1004
00:56:29,320 --> 00:56:31,880
Speaker 1: on Radio dot com, I Heart Radio and spotify it.

1005
00:56:32,000 --> 00:56:33,840
Speaker 1: This was a call and show. We have robo calls

1006
00:56:34,120 --> 00:56:43,320
Speaker 1: calling in. You're listening to Bloomberg One. You're listening to

1007
00:56:43,440 --> 00:56:46,480
Speaker 1: Sound On with Kevin Serelli. I'm Duckner. Coming up next

1008
00:56:46,560 --> 00:56:49,480
Speaker 1: hour on Bloomberg Daybreak, GIJA, Will there be a resolution

1009
00:56:49,560 --> 00:56:52,080
Speaker 1: to the US China trade war at the g twenty

1010
00:56:52,160 --> 00:56:54,879
Speaker 1: summit at the end of the month. Goldman Sachs says,

1011
00:56:55,000 --> 00:56:56,800
Speaker 1: don't bet on it. We'll take a look at the

1012
00:56:56,840 --> 00:57:02,440
Speaker 1: top of the hour. Daybreak Asia on Bloomberg Sweet and Simple,