1 00:00:01,400 --> 00:00:07,520 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. Well, 2 00:00:07,520 --> 00:00:09,639 Speaker 1: we do need to get control over is the issue 3 00:00:09,640 --> 00:00:12,240 Speaker 1: of inflation itself. And there's nothing to celebrate when you 4 00:00:12,280 --> 00:00:15,280 Speaker 1: have inflation and double digits almost I mean, you name it. 5 00:00:15,360 --> 00:00:17,919 Speaker 1: There's no good news to the American consumer out there. 6 00:00:18,000 --> 00:00:23,320 Speaker 1: Bloomberg Sound On, Politics, Policy and Perspective from DC's top Names. 7 00:00:23,640 --> 00:00:27,120 Speaker 1: We're still one and a half million jobs lower than 8 00:00:27,120 --> 00:00:30,400 Speaker 1: what we were pre pandemic. We're still the lower we 9 00:00:30,440 --> 00:00:32,640 Speaker 1: need to be. We have to find cooler heads and 10 00:00:32,800 --> 00:00:35,360 Speaker 1: come to the middle of find solutions to the American people. 11 00:00:35,520 --> 00:00:42,080 Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Senate 12 00:00:42,080 --> 00:00:45,360 Speaker 1: Majority Leader Chuck Schumer has one mingle this week to 13 00:00:45,440 --> 00:00:48,879 Speaker 1: confirm Judge Katangi Brown Jackson to the Supreme Court, but 14 00:00:48,920 --> 00:00:51,400 Speaker 1: it's going to take a little longer after committee deadlocked 15 00:00:51,400 --> 00:00:54,920 Speaker 1: on her nomination eleven to eleven, and U S officials 16 00:00:54,960 --> 00:00:59,880 Speaker 1: are considering additional sanctions for Russia after a horrific discovery 17 00:01:00,040 --> 00:01:02,760 Speaker 1: of killings in a suburb of Kiev over the weekend. 18 00:01:03,160 --> 00:01:06,000 Speaker 1: I'm Emily Wilkins here with my co host Jack Fitzpatrick. 19 00:01:06,120 --> 00:01:09,319 Speaker 1: We are filling in this week for Joe Matthew. Well, 20 00:01:09,360 --> 00:01:12,399 Speaker 1: all eyes are on the Senate this week where Judge 21 00:01:12,440 --> 00:01:16,080 Speaker 1: Kanji Brown Jackson is set to be confirmed to be 22 00:01:16,240 --> 00:01:19,680 Speaker 1: the first black woman to sit on the Supreme Court. 23 00:01:19,800 --> 00:01:22,440 Speaker 1: But this, as you should be used to with for 24 00:01:22,480 --> 00:01:25,479 Speaker 1: anyone who watches the Senate or watches Congress, is going 25 00:01:25,560 --> 00:01:28,959 Speaker 1: to be taking some time. Jack at this point, what's 26 00:01:28,959 --> 00:01:32,000 Speaker 1: the timeline for like actually getting the vote at which 27 00:01:32,000 --> 00:01:35,440 Speaker 1: point we can say that she has formally been confirmed 28 00:01:35,440 --> 00:01:37,360 Speaker 1: by the Senate. Well, they want to do it this week. 29 00:01:37,360 --> 00:01:40,880 Speaker 1: They're leaving for a two week recess after this. We're 30 00:01:40,920 --> 00:01:45,320 Speaker 1: looking for a committee vote, Uh, this afternoon or this 31 00:01:45,760 --> 00:01:48,000 Speaker 1: is sometime today was supposed to be this morning. But 32 00:01:48,080 --> 00:01:51,760 Speaker 1: this just speaks to the the razor thin nature of 33 00:01:51,800 --> 00:01:54,720 Speaker 1: the Senate. Alex Padilla, the senator from California, had a 34 00:01:54,880 --> 00:01:57,880 Speaker 1: delayed flight, so they had to push back that Judiciary 35 00:01:57,920 --> 00:02:00,880 Speaker 1: Committee meeting because they have to at least get a 36 00:02:00,920 --> 00:02:03,080 Speaker 1: tie vote in order to get it out of the committee. 37 00:02:03,080 --> 00:02:06,400 Speaker 1: And if anybody is on a delayed flight, if anybody 38 00:02:06,720 --> 00:02:09,280 Speaker 1: uh doesn't remember to tie their shoes and they trip 39 00:02:09,320 --> 00:02:12,240 Speaker 1: on their way, there is a million things that I mean, 40 00:02:12,320 --> 00:02:14,760 Speaker 1: this is like the real concern here. That's been an 41 00:02:14,760 --> 00:02:18,480 Speaker 1: issue people getting COVID. UH. Senator ben Ben ray Luhan, 42 00:02:18,600 --> 00:02:20,680 Speaker 1: thank goodness, he's okay. It appears to be fine, but 43 00:02:20,720 --> 00:02:23,079 Speaker 1: he had a stroke earlier in the year. Uh. It's 44 00:02:23,160 --> 00:02:26,760 Speaker 1: very possible for little day to day mishaps to take 45 00:02:26,800 --> 00:02:30,160 Speaker 1: away the actual majority that Democrats have in the Senate. 46 00:02:30,200 --> 00:02:32,400 Speaker 1: So they're trying to get this done for real this week, 47 00:02:32,520 --> 00:02:35,560 Speaker 1: and we're looking for a committee vote later today and 48 00:02:35,639 --> 00:02:39,760 Speaker 1: Senator Schumer set up a floor vote tonight after that 49 00:02:39,840 --> 00:02:43,079 Speaker 1: to discharge it from the committee because the expectations would 50 00:02:43,120 --> 00:02:46,120 Speaker 1: actually be a tied committee vote rather than a majority. Yep, 51 00:02:46,200 --> 00:02:48,079 Speaker 1: we've got the committee vote, We've got the vote to 52 00:02:48,080 --> 00:02:49,760 Speaker 1: get out of the committee. We got the vote to 53 00:02:50,160 --> 00:02:52,919 Speaker 1: move to the nomination. There will be many, many votes, 54 00:02:53,000 --> 00:02:56,080 Speaker 1: I think, is the takeaway here before we are going 55 00:02:56,160 --> 00:02:59,160 Speaker 1: to get to that final one, hopefully on Friday. Hopefully 56 00:02:59,200 --> 00:03:01,720 Speaker 1: we all won't be up here for for a long weekend. 57 00:03:02,120 --> 00:03:04,799 Speaker 1: But to bring in a little bit more detail on this, 58 00:03:05,280 --> 00:03:07,600 Speaker 1: we're going to bring in a f G Investments chief 59 00:03:07,680 --> 00:03:12,840 Speaker 1: US policy strategist Greg Bellier. Greg does an excellent newsletter 60 00:03:12,960 --> 00:03:16,000 Speaker 1: every morning. He usually focuses on one or two topics, 61 00:03:16,000 --> 00:03:19,200 Speaker 1: but today he couldn't pick just one. He gave his 62 00:03:19,320 --> 00:03:22,680 Speaker 1: insight on a ton of different ones. Greg, it's great 63 00:03:22,720 --> 00:03:25,360 Speaker 1: to have you on one thing. You already know this 64 00:03:25,480 --> 00:03:28,760 Speaker 1: that caught my eye this morning. You gave a at 65 00:03:28,800 --> 00:03:32,760 Speaker 1: least eighty percent chance for Judge Jackson to get confirmed. 66 00:03:32,840 --> 00:03:35,760 Speaker 1: And I'm surprised you put it as low as eighty 67 00:03:35,800 --> 00:03:38,320 Speaker 1: percent because at this point it looks like we've got 68 00:03:38,360 --> 00:03:42,080 Speaker 1: all Democrats on board and even when Republican, could anything 69 00:03:42,120 --> 00:03:45,000 Speaker 1: go wrong at this point? Probably not. And great to 70 00:03:45,000 --> 00:03:47,040 Speaker 1: be with both of you. Nice to be on your show. 71 00:03:47,600 --> 00:03:50,840 Speaker 1: I think that she is a cinch. You know, maybe 72 00:03:50,840 --> 00:03:53,360 Speaker 1: it's ninety percent. I probably was a little too low 73 00:03:53,400 --> 00:03:57,280 Speaker 1: in my piece this morning, but I'm barring some extraordinary 74 00:03:57,400 --> 00:04:00,160 Speaker 1: development from out of left field, she'll make it. The 75 00:04:00,160 --> 00:04:02,480 Speaker 1: only issue is when, And of course it's worth noting 76 00:04:02,520 --> 00:04:05,360 Speaker 1: she really won't be sitting and serving on the court 77 00:04:05,440 --> 00:04:08,360 Speaker 1: until a fall, so even if this does get delayed 78 00:04:08,400 --> 00:04:12,400 Speaker 1: by two weeks, it will not really have a meaningful impact. 79 00:04:14,000 --> 00:04:17,240 Speaker 1: So Greg, what do you make of the the thin? 80 00:04:18,000 --> 00:04:20,480 Speaker 1: As I said, the razor thin. There there's a razor 81 00:04:20,600 --> 00:04:23,400 Speaker 1: thin Senate and that has played out with the Katangi 82 00:04:23,440 --> 00:04:27,120 Speaker 1: Brown Jackson process. Now, this was a nominee who got 83 00:04:27,160 --> 00:04:30,880 Speaker 1: fifty three votes and some bipartisan support in a previous vote. 84 00:04:31,120 --> 00:04:33,719 Speaker 1: But when you watched those hearings and you you heard 85 00:04:34,279 --> 00:04:38,320 Speaker 1: Josh Holly and other Republican senators uh criticizing her record, 86 00:04:38,360 --> 00:04:40,440 Speaker 1: trying to to poke some holes in her record on 87 00:04:41,080 --> 00:04:45,560 Speaker 1: child pornography sentencing, this seems to have been fairly contentious. 88 00:04:45,560 --> 00:04:48,159 Speaker 1: What do you make of the the contentious and and 89 00:04:48,360 --> 00:04:51,919 Speaker 1: very close in terms of the vote count, close nature 90 00:04:51,960 --> 00:04:54,400 Speaker 1: of how this has gone forward. It's the nature of 91 00:04:54,400 --> 00:04:56,960 Speaker 1: the beast right now, jack I mean, everywhere you look, 92 00:04:57,279 --> 00:05:00,720 Speaker 1: things are so bitterly divided. They can't agree eon aid 93 00:05:00,839 --> 00:05:06,400 Speaker 1: for Ukraine, they can't agree to to really on virtually anything. 94 00:05:06,600 --> 00:05:10,000 Speaker 1: There may be a revival of talks between Joe Mansion 95 00:05:10,480 --> 00:05:13,360 Speaker 1: and the White House on some spending bills, but I'll 96 00:05:13,400 --> 00:05:15,839 Speaker 1: believe that when I see it. It's just about everything 97 00:05:15,880 --> 00:05:20,080 Speaker 1: that gets in the limelight seemingly just grinds to a halt. 98 00:05:21,080 --> 00:05:23,400 Speaker 1: And Greg, we've seen that Susan Collins has come out 99 00:05:23,520 --> 00:05:27,479 Speaker 1: as a yes for Judge Jackson to be nominated. Discodes 100 00:05:27,720 --> 00:05:30,760 Speaker 1: what other Republicans are you watching at this point, who 101 00:05:30,839 --> 00:05:34,919 Speaker 1: might join Collins in that Well, I think the wild 102 00:05:34,960 --> 00:05:38,040 Speaker 1: card here could be mid Romney, who has indicated he 103 00:05:38,560 --> 00:05:42,359 Speaker 1: might consider yes vote, and of course Lisa Murkowski of Alaska. 104 00:05:42,760 --> 00:05:46,720 Speaker 1: Other than those two, Emily, I don't think there's there's 105 00:05:46,800 --> 00:05:49,280 Speaker 1: much hope. I mean, if they get to fifty two 106 00:05:49,360 --> 00:05:53,960 Speaker 1: or fifty three, that would be quite an accomplishment. Gregg, 107 00:05:53,960 --> 00:05:56,320 Speaker 1: I've got to ask you, know, you had this wide 108 00:05:56,440 --> 00:06:01,040 Speaker 1: ranging piece, handicapping different different issue choose the big broad 109 00:06:01,200 --> 00:06:05,160 Speaker 1: issue that you touch on is President Biden's re election 110 00:06:05,279 --> 00:06:07,719 Speaker 1: chances or even the chances of whether he runs again. 111 00:06:07,800 --> 00:06:10,359 Speaker 1: You you gave him only about a forty percent chance 112 00:06:10,640 --> 00:06:14,400 Speaker 1: of running again. You're leaning away from him being re 113 00:06:14,480 --> 00:06:17,080 Speaker 1: elected to a second term. And I I hear you 114 00:06:17,160 --> 00:06:19,400 Speaker 1: on your written explanation on the things that are playing 115 00:06:19,400 --> 00:06:24,279 Speaker 1: against him where COVID inflation, Ukraine, the Afghanistan pull out 116 00:06:24,320 --> 00:06:28,120 Speaker 1: was very very messy. But I've got to ask why, now, 117 00:06:28,160 --> 00:06:31,320 Speaker 1: why this early do you think it's Uh, it's okay 118 00:06:31,400 --> 00:06:34,160 Speaker 1: to say, wow, it actually looks even at this early 119 00:06:34,200 --> 00:06:36,720 Speaker 1: point with two and a half years left, uh, that 120 00:06:37,000 --> 00:06:40,479 Speaker 1: it's it's leaning away from a second term. Well, I 121 00:06:40,520 --> 00:06:43,240 Speaker 1: think the catalyst, Jack is going to be the November election. 122 00:06:43,400 --> 00:06:46,640 Speaker 1: I think you've got to assume the Republicans win, and 123 00:06:46,680 --> 00:06:49,159 Speaker 1: maybe win big. I'm on the low end. I'm saying 124 00:06:49,360 --> 00:06:52,200 Speaker 1: the Republicans get fifteen or twenty seats. They only need 125 00:06:52,240 --> 00:06:55,840 Speaker 1: about five, but it could be more. It could Betty. 126 00:06:56,120 --> 00:06:59,200 Speaker 1: If it's a blowout, I think that the party is 127 00:06:59,200 --> 00:07:01,720 Speaker 1: going to be looking for a scapegoat, and I think 128 00:07:01,760 --> 00:07:03,760 Speaker 1: that scapegoat is going to be Joe Biden, who has 129 00:07:03,800 --> 00:07:07,240 Speaker 1: had a very mixed track record in his first two years. 130 00:07:07,680 --> 00:07:11,200 Speaker 1: So I think a blowout in November would set in 131 00:07:11,240 --> 00:07:15,520 Speaker 1: motion a process whereby Biden decides he's not going to 132 00:07:15,640 --> 00:07:18,600 Speaker 1: run again. And it's worth noting, guys, if Biden were 133 00:07:18,640 --> 00:07:21,600 Speaker 1: to run and win a second term, he would be 134 00:07:21,720 --> 00:07:24,720 Speaker 1: leaving the White House theoretically at the age of eighty 135 00:07:24,880 --> 00:07:28,720 Speaker 1: six at the end of his second term. That's too old. Yeah, 136 00:07:28,760 --> 00:07:32,000 Speaker 1: that's certainly something we've heard Republicans really, you know, try 137 00:07:32,000 --> 00:07:35,240 Speaker 1: and hit Biden on on his mental state, on his 138 00:07:35,840 --> 00:07:38,480 Speaker 1: you know what he says, how he says it, whether 139 00:07:38,560 --> 00:07:40,840 Speaker 1: he is fit to serve that. That's certainly attacks that 140 00:07:40,880 --> 00:07:43,560 Speaker 1: we've heard and ones that that were likely to continue 141 00:07:43,600 --> 00:07:45,920 Speaker 1: to hear. Um you also mentioned, you know, just the 142 00:07:46,040 --> 00:07:48,880 Speaker 1: number of seats that that Republicans could expect to flip. 143 00:07:48,920 --> 00:07:52,160 Speaker 1: We've heard House Minority Lead leader Kevin McCarthy say that 144 00:07:52,200 --> 00:07:55,120 Speaker 1: Republicans could flip as many as sixty seats next year. 145 00:07:55,160 --> 00:07:57,800 Speaker 1: And you've seen Democrats really come out and start defending 146 00:07:57,840 --> 00:08:02,640 Speaker 1: these seats that that Biden won by. But Greg, I 147 00:08:02,760 --> 00:08:07,080 Speaker 1: noticed here within your review you gave them a chance 148 00:08:07,200 --> 00:08:10,200 Speaker 1: of continuing to hold the House. So you see some 149 00:08:10,280 --> 00:08:13,760 Speaker 1: sort of path forward for them here to be successful 150 00:08:13,800 --> 00:08:16,760 Speaker 1: in November. What does that look like? Well, if if 151 00:08:16,880 --> 00:08:19,920 Speaker 1: Ukraine is resolved, and that's a very very big if, 152 00:08:19,960 --> 00:08:22,960 Speaker 1: as we all know, after the horrible events that we've 153 00:08:22,960 --> 00:08:27,720 Speaker 1: seen today, Uh, if inflation begins to subside, if there's 154 00:08:27,760 --> 00:08:30,240 Speaker 1: a drop in urban crime, a lot of ifs. I 155 00:08:30,680 --> 00:08:34,280 Speaker 1: think that the wind is blowing against Biden now, and 156 00:08:34,520 --> 00:08:37,120 Speaker 1: I would just say, by the way quickly, I'm not 157 00:08:37,280 --> 00:08:40,480 Speaker 1: convinced he's got a cognitive problem. I have no idea, 158 00:08:40,960 --> 00:08:44,920 Speaker 1: but I would say, on issue after issue, he's not 159 00:08:45,320 --> 00:08:48,680 Speaker 1: in the mainstream. And I think his move to the 160 00:08:48,800 --> 00:08:52,960 Speaker 1: left earlier this year, UH didn't didn't help him. I 161 00:08:53,000 --> 00:08:57,400 Speaker 1: think that he aligned himself with progressives who had agenda 162 00:08:57,480 --> 00:09:01,840 Speaker 1: items that the country didn't like, defund the police, ace, UH, 163 00:09:02,520 --> 00:09:06,240 Speaker 1: tax increases, Medicare for all, changed the Supreme Court. So 164 00:09:06,280 --> 00:09:08,040 Speaker 1: I think on a lot of issues he's out of 165 00:09:08,040 --> 00:09:09,880 Speaker 1: the main stream. I think it's going to be the 166 00:09:09,960 --> 00:09:13,560 Speaker 1: issues that will doom him, not necessarily a perception that 167 00:09:13,600 --> 00:09:16,719 Speaker 1: he's you know, having cognitive problems. I don't think he's 168 00:09:16,760 --> 00:09:19,720 Speaker 1: there yet. And it's very interesting because now you have 169 00:09:19,840 --> 00:09:22,320 Speaker 1: seen Biden sort of swing back, you know, appear with 170 00:09:22,480 --> 00:09:24,880 Speaker 1: Eric Adam, say that he wants to fund the police. 171 00:09:24,920 --> 00:09:26,800 Speaker 1: He saw that in his most recent budget, have that 172 00:09:26,840 --> 00:09:29,680 Speaker 1: fiscal conservativeness. So it seems like he is now trying 173 00:09:29,760 --> 00:09:32,200 Speaker 1: to move towards the center as you get close to 174 00:09:32,200 --> 00:09:35,400 Speaker 1: the election. And in addition to that, we heard about 175 00:09:35,400 --> 00:09:37,200 Speaker 1: it in a State of the Union and all of that, 176 00:09:37,600 --> 00:09:40,680 Speaker 1: whether it's the deficit or funding the police that you 177 00:09:40,800 --> 00:09:44,480 Speaker 1: touched on, Greg, the issue of how long does the 178 00:09:44,559 --> 00:09:47,920 Speaker 1: war in Ukraine go on? UH, And I'm curious, you know, 179 00:09:47,960 --> 00:09:51,199 Speaker 1: when you talk to investors about what to expect, that 180 00:09:51,200 --> 00:09:55,400 Speaker 1: that creates so much uncertainty. I would note that Jake Sullivan, 181 00:09:55,440 --> 00:09:59,160 Speaker 1: the National Security Adviser today said it appears based on 182 00:09:59,200 --> 00:10:02,559 Speaker 1: the US is under standing that Russia is repositioning their 183 00:10:02,600 --> 00:10:06,520 Speaker 1: forces to focus on an offensive in eastern Ukraine. I'm 184 00:10:06,559 --> 00:10:09,200 Speaker 1: curious what you make of the significance of that. Does 185 00:10:09,240 --> 00:10:13,920 Speaker 1: that draw things out at all because they can, I guess, 186 00:10:14,240 --> 00:10:17,800 Speaker 1: lower their their views on you know, get something to 187 00:10:18,040 --> 00:10:21,480 Speaker 1: that Russia wants to accomplish, conquer some territory or something 188 00:10:21,520 --> 00:10:24,959 Speaker 1: like that. Or is that essentially uh them falling back 189 00:10:25,000 --> 00:10:26,920 Speaker 1: and it shortens the timeline. What does that tell us 190 00:10:26,920 --> 00:10:30,040 Speaker 1: about the timeline in Ukraine? Well, there's a lot of 191 00:10:30,120 --> 00:10:33,960 Speaker 1: uncertainty obviously, and you you keyed on something Jack a 192 00:10:34,000 --> 00:10:36,559 Speaker 1: few seconds ago, and that is the markets. I think 193 00:10:36,600 --> 00:10:40,960 Speaker 1: the markets can live with this uncertainty in Ukraine. I 194 00:10:41,000 --> 00:10:44,480 Speaker 1: think the markets have an issue, however, on the Federal reserve. 195 00:10:44,880 --> 00:10:47,400 Speaker 1: If the Fed continues to hike rates, and I see 196 00:10:47,440 --> 00:10:50,679 Speaker 1: no reason why they won't, at some point there's going 197 00:10:50,720 --> 00:10:53,600 Speaker 1: to be real anxiety that they've done too much and 198 00:10:53,640 --> 00:10:56,320 Speaker 1: they could do too much and send the economy into 199 00:10:56,320 --> 00:10:59,280 Speaker 1: a real slow down. I think that's a bigger concern 200 00:10:59,360 --> 00:11:04,200 Speaker 1: for the market, frankly than anything else. And Greg, you know, 201 00:11:04,240 --> 00:11:06,560 Speaker 1: we were talking about things that Democrats need to do 202 00:11:06,679 --> 00:11:08,440 Speaker 1: to win, and I just want to go back to this, 203 00:11:09,040 --> 00:11:11,920 Speaker 1: you know, things we talk about, the inflation, the gas prices, 204 00:11:12,200 --> 00:11:14,640 Speaker 1: and is there anything at this point that President Biden 205 00:11:14,800 --> 00:11:17,760 Speaker 1: can actually do. So much of this is out of 206 00:11:17,800 --> 00:11:21,560 Speaker 1: his control. Yeah, it is, you know. And on inflation, 207 00:11:21,880 --> 00:11:26,080 Speaker 1: there's inflation everywhere. Boris Johnson has inflation, There's inflation in 208 00:11:26,120 --> 00:11:29,840 Speaker 1: many countries around the world. It's not unique to Joe Biden. 209 00:11:30,120 --> 00:11:32,480 Speaker 1: But I do think there's a perception in the country, 210 00:11:32,559 --> 00:11:35,120 Speaker 1: fair or not, and Joe Mansion helped to fuel this 211 00:11:35,520 --> 00:11:38,280 Speaker 1: that they've spent too much money and that by spending 212 00:11:38,640 --> 00:11:44,479 Speaker 1: close to six trillion dollars last year that exacerbated inflationary pressures. 213 00:11:44,520 --> 00:11:47,360 Speaker 1: That's why I think in his State of the Union 214 00:11:47,360 --> 00:11:50,200 Speaker 1: address and in his new budget, he seemed to tilt 215 00:11:50,200 --> 00:11:52,920 Speaker 1: a little more to the center. As we were just saying, 216 00:11:53,240 --> 00:11:55,280 Speaker 1: I think he has to show he's more of a centrist. 217 00:11:55,320 --> 00:11:58,640 Speaker 1: If he keeps talking about huge news spending, that's not 218 00:11:58,640 --> 00:12:01,199 Speaker 1: going to help him. Yeah. Well, hey, h a f 219 00:12:01,320 --> 00:12:04,680 Speaker 1: G Investments cheap US policy strategist Greg Bellier, thank you 220 00:12:04,760 --> 00:12:07,000 Speaker 1: so much for joining us. Coming up in a minute, 221 00:12:07,080 --> 00:12:09,600 Speaker 1: we are going to assemble our star panel of Jennie 222 00:12:09,640 --> 00:12:14,120 Speaker 1: Schanzano and Rick Davis. I'm Emily Wilkins here with Jack Fitzpatrick. 223 00:12:14,520 --> 00:12:26,160 Speaker 1: This is Bloomberg. This is Bloomberg so On with Joe 224 00:12:26,200 --> 00:12:32,960 Speaker 1: Matthew on Bloomberg Radio. Senators aimed to vote today to 225 00:12:33,240 --> 00:12:36,640 Speaker 1: start the confirmation process for Katangi Brown Jackson, who's up 226 00:12:36,640 --> 00:12:39,880 Speaker 1: for a Supreme Court seat. The Senate Judiciary Committee had 227 00:12:39,920 --> 00:12:44,040 Speaker 1: a tied vote earlier today that itself was delayed due 228 00:12:44,040 --> 00:12:47,120 Speaker 1: to a delayed flight that Senator Alex Padilla was on. 229 00:12:47,200 --> 00:12:50,640 Speaker 1: It's not an easy path forward for Judge Jackson, but 230 00:12:50,720 --> 00:12:53,400 Speaker 1: it is expected that she will become the first black 231 00:12:53,400 --> 00:12:56,280 Speaker 1: woman confirmed to the U. S. Supreme Court. I'm Jack 232 00:12:56,320 --> 00:12:59,960 Speaker 1: Fitzpatrick here with my Bloomberg Government co host Emily Wilkins. 233 00:13:00,200 --> 00:13:02,840 Speaker 1: We've got to bring in our all star panel Bloomberg 234 00:13:02,880 --> 00:13:06,240 Speaker 1: Politics contributors Jeanie she and Zano and Rick Davis, who 235 00:13:06,280 --> 00:13:10,240 Speaker 1: have insights on everything happening in Washington. Guys. I've got 236 00:13:10,280 --> 00:13:15,360 Speaker 1: to start with the confirmation process for Katangi Brown Jackson. Uh, 237 00:13:15,400 --> 00:13:19,559 Speaker 1: They're setting up a floor vote today tonight rather u 238 00:13:19,920 --> 00:13:23,319 Speaker 1: to get her confirmation out of the committee after that 239 00:13:23,400 --> 00:13:27,680 Speaker 1: tied committee vote. I've got to get your expectations. Genie 240 00:13:27,679 --> 00:13:30,040 Speaker 1: on how this goes forward if there are any barriers. 241 00:13:30,160 --> 00:13:31,480 Speaker 1: But I've also got to give you a little bit 242 00:13:31,480 --> 00:13:33,320 Speaker 1: of a victory lap because the last time I was 243 00:13:33,360 --> 00:13:36,920 Speaker 1: on the show, after some Republicans such as John Cornyn, 244 00:13:36,960 --> 00:13:41,719 Speaker 1: we're saying, uh, in contrast to the Kavanaugh hearings, where 245 00:13:41,720 --> 00:13:44,679 Speaker 1: they got very personal, Republicans were going to do their 246 00:13:44,720 --> 00:13:47,160 Speaker 1: best to play nice. We heard from a number of 247 00:13:47,160 --> 00:13:50,720 Speaker 1: Republicans I would point to Josh Holly and Ted Cruz 248 00:13:50,760 --> 00:13:53,960 Speaker 1: who made a lot of uh seven to ten or 249 00:13:54,040 --> 00:13:57,600 Speaker 1: so h cases where they said Judge Jackson was not 250 00:13:57,920 --> 00:14:01,839 Speaker 1: tough enough on child poor gnography charges. I think you 251 00:14:01,920 --> 00:14:03,800 Speaker 1: deserve a little bit of a victory lab because those 252 00:14:03,840 --> 00:14:07,040 Speaker 1: hearings got a little bit more heated than even some 253 00:14:07,120 --> 00:14:10,560 Speaker 1: senate Republicans had indicated. But Jeanie, tell us, what are 254 00:14:10,600 --> 00:14:13,679 Speaker 1: your expectations going forward? Is this a glide path forward 255 00:14:13,720 --> 00:14:16,720 Speaker 1: for for Jackson? Yeah, I mean we head everything from 256 00:14:16,840 --> 00:14:20,040 Speaker 1: child porn to critical race theory, something she's never really 257 00:14:20,080 --> 00:14:23,120 Speaker 1: talked about or had anything to do with professionally, children's books. 258 00:14:23,160 --> 00:14:25,000 Speaker 1: I mean, you could go right down the list, and 259 00:14:25,320 --> 00:14:29,200 Speaker 1: you know, by my understanding, this is the first time 260 00:14:29,400 --> 00:14:33,520 Speaker 1: since that you've had the Judiciary Committee deadlock on a 261 00:14:33,600 --> 00:14:36,480 Speaker 1: vote like this, and um, you know, I think it 262 00:14:36,520 --> 00:14:38,600 Speaker 1: does as you were just talking about with Greg. It 263 00:14:38,720 --> 00:14:42,040 Speaker 1: speaks to the times, not to the nominee at all. 264 00:14:42,520 --> 00:14:44,600 Speaker 1: And we should, of course remember that this is the 265 00:14:44,640 --> 00:14:48,320 Speaker 1: anniversary of Martin Luther King's death in nineteen sixty eight, 266 00:14:48,600 --> 00:14:52,760 Speaker 1: and now you have this historic nomination. It certainly will 267 00:14:52,840 --> 00:14:56,240 Speaker 1: get through. But to your point, even something like a 268 00:14:56,360 --> 00:14:59,880 Speaker 1: delayed flight from California's I think Emily said, somebody you 269 00:15:00,120 --> 00:15:03,920 Speaker 1: stubbing their toe, this could slow things down. But this 270 00:15:04,000 --> 00:15:06,920 Speaker 1: will get through by the narrowest margin. I will be 271 00:15:06,960 --> 00:15:09,360 Speaker 1: surprised if you get any more than you know we 272 00:15:09,440 --> 00:15:11,880 Speaker 1: already have. You know Collins, I, I'd be surprised you 273 00:15:11,880 --> 00:15:13,440 Speaker 1: get one or two more. That's going to be it 274 00:15:13,520 --> 00:15:18,440 Speaker 1: for Republicans, and in our current system and situation, that's bipartisan, 275 00:15:18,480 --> 00:15:21,720 Speaker 1: which is stunning in and of itself. Rick Davis, I 276 00:15:21,720 --> 00:15:23,920 Speaker 1: wanted to ask you, just because you're a man of 277 00:15:23,920 --> 00:15:27,080 Speaker 1: the Senate, you've worked with senators before, Well, what should 278 00:15:27,120 --> 00:15:29,160 Speaker 1: we be reading into the fact that we haven't heard 279 00:15:29,200 --> 00:15:32,280 Speaker 1: from Mitt Romney and Lisa Murkowski at saying how they 280 00:15:32,280 --> 00:15:35,160 Speaker 1: would vote. I mean, certainly we've heard enough testimony at 281 00:15:35,160 --> 00:15:37,960 Speaker 1: this point from Judge Judge Jackson. I think for anyone 282 00:15:38,000 --> 00:15:41,400 Speaker 1: to make their decision, yeah, I think it's a sense 283 00:15:41,440 --> 00:15:43,840 Speaker 1: that they're actually thinking it over right. I mean, you know, 284 00:15:43,960 --> 00:15:46,280 Speaker 1: if if there's anybody who, even as you point out 285 00:15:46,360 --> 00:15:49,160 Speaker 1: this late stage, would be undecided, it might be those 286 00:15:49,200 --> 00:15:51,120 Speaker 1: two and and there are a lot of different factors, 287 00:15:51,560 --> 00:15:54,560 Speaker 1: not only UH sort of getting comfortable with the nomination 288 00:15:54,680 --> 00:15:57,640 Speaker 1: and and and and their preparation to vote on it, 289 00:15:57,680 --> 00:16:00,720 Speaker 1: but also the politics and the ramifications of it. Uh. 290 00:16:00,760 --> 00:16:04,000 Speaker 1: These things are intensely political for the one moment that 291 00:16:04,040 --> 00:16:07,320 Speaker 1: they shine brightest in Washington. And I have no doubt 292 00:16:07,960 --> 00:16:11,640 Speaker 1: that Lisa Murkowski has got a tough re election fight 293 00:16:11,720 --> 00:16:14,240 Speaker 1: in Alaska this year. UH has got to have that 294 00:16:14,400 --> 00:16:17,240 Speaker 1: entering her her thinking. Guys. Aside from that, I was 295 00:16:17,360 --> 00:16:21,320 Speaker 1: very interested in Gregg Valier's point just a few minutes 296 00:16:21,360 --> 00:16:25,480 Speaker 1: ago on the challenges for President Biden. Now I would 297 00:16:25,680 --> 00:16:27,640 Speaker 1: push back a little bit and say a lot of 298 00:16:27,680 --> 00:16:29,520 Speaker 1: some of the things that are weighing on him in 299 00:16:29,560 --> 00:16:34,600 Speaker 1: the polls could improve a lot by November. Inflation, for example, 300 00:16:34,840 --> 00:16:37,120 Speaker 1: we don't know how long the Rusher Ukraine situation is 301 00:16:37,120 --> 00:16:38,880 Speaker 1: going to last. Or what that will look like. But 302 00:16:38,960 --> 00:16:43,240 Speaker 1: one thing that plays against him, it seems indefinitely, is 303 00:16:43,320 --> 00:16:45,320 Speaker 1: his age. She would be eighties six years old at 304 00:16:45,360 --> 00:16:47,880 Speaker 1: the end of a second term. Uh, he can't turn 305 00:16:47,920 --> 00:16:51,680 Speaker 1: back the clock. How much of a political issue is that, really, Rick? 306 00:16:52,840 --> 00:16:54,800 Speaker 1: You know, look, I think that's a serious political issue. 307 00:16:54,880 --> 00:16:57,720 Speaker 1: I remember having these conversations with John McCain at the 308 00:16:57,920 --> 00:17:01,400 Speaker 1: you know, spry young age of seven two about running 309 00:17:01,400 --> 00:17:04,359 Speaker 1: for re election and and and even in those days, 310 00:17:04,359 --> 00:17:07,040 Speaker 1: that was considered um, you know, kind of pushing it. 311 00:17:07,480 --> 00:17:10,840 Speaker 1: So so yeah, I think it's a practical application of 312 00:17:11,000 --> 00:17:13,840 Speaker 1: what people look for in their president, and geriatrics is 313 00:17:13,880 --> 00:17:17,200 Speaker 1: not the term that usually is applied. So I think 314 00:17:17,240 --> 00:17:19,679 Speaker 1: that the Democrats have an issue there. Uh, if he 315 00:17:19,720 --> 00:17:22,040 Speaker 1: decides to run, he's got to take that on at first. 316 00:17:22,800 --> 00:17:24,840 Speaker 1: But it wouldn't surprise me that if he decides not 317 00:17:24,920 --> 00:17:28,200 Speaker 1: to run, it isn't because of the age gap. Well, Jennie, 318 00:17:28,280 --> 00:17:31,240 Speaker 1: that raises the question, if Biden decides not to run, 319 00:17:31,640 --> 00:17:34,399 Speaker 1: is there anyone at this point who has really stand 320 00:17:34,440 --> 00:17:39,480 Speaker 1: out to be the next nominee for the Democrats? Well, 321 00:17:39,520 --> 00:17:41,119 Speaker 1: you know, of course, you have to look at this 322 00:17:41,160 --> 00:17:44,240 Speaker 1: sitting Vice president Kamala Harris. Um. You know, whether she 323 00:17:44,280 --> 00:17:48,080 Speaker 1: would garner the support in a Democratic primary is another question, 324 00:17:48,160 --> 00:17:50,600 Speaker 1: but certainly she would be in line. And you know, 325 00:17:50,680 --> 00:17:52,800 Speaker 1: you can look at all of the other people who 326 00:17:52,880 --> 00:17:56,320 Speaker 1: ran in you know, they may face similar issues, but 327 00:17:56,680 --> 00:17:59,560 Speaker 1: you know, people like Elizabeth Warren, people like Bernie Sanders, 328 00:17:59,600 --> 00:18:01,520 Speaker 1: I think, you know, Amy Klobisher. I mean, you can 329 00:18:01,600 --> 00:18:04,000 Speaker 1: just go down the list. I'm certain they would have 330 00:18:04,119 --> 00:18:07,480 Speaker 1: interest in thinking about it again. But you know, I 331 00:18:07,520 --> 00:18:11,119 Speaker 1: think it's a little premature to count Joe Biden out 332 00:18:11,160 --> 00:18:13,760 Speaker 1: at this point. I agree with Rick age is certainly 333 00:18:13,800 --> 00:18:17,680 Speaker 1: a consideration, but you know, this is something that he's 334 00:18:17,720 --> 00:18:20,560 Speaker 1: going to have to weigh as we get closer. He's 335 00:18:20,600 --> 00:18:23,320 Speaker 1: been noncommittal on this point. And I thought it was 336 00:18:23,440 --> 00:18:25,919 Speaker 1: very interesting by the way that ron Klain this weekend 337 00:18:25,960 --> 00:18:29,640 Speaker 1: started talking about Rick Scott and the issue of social security, 338 00:18:29,720 --> 00:18:32,480 Speaker 1: because that is one thing that Democrats want to raise 339 00:18:32,520 --> 00:18:35,040 Speaker 1: as they move into the mid terms and beyond, which 340 00:18:35,040 --> 00:18:36,760 Speaker 1: can help them sort of get out of some of 341 00:18:36,760 --> 00:18:41,560 Speaker 1: these slumps. And definitely it's worth noting that Vice President 342 00:18:41,560 --> 00:18:44,680 Speaker 1: Harris's approval rating is also not super great right now, 343 00:18:45,640 --> 00:18:49,680 Speaker 1: even before something weighing on Democrats heading into the November 344 00:18:49,920 --> 00:18:52,600 Speaker 1: mid term elections. Guys will be back with the panel 345 00:18:52,640 --> 00:18:54,040 Speaker 1: in a little bit. Coming up next, we're going to 346 00:18:54,080 --> 00:18:57,560 Speaker 1: talk to Daniel Freed, former Ambassador to Poland now the 347 00:18:57,600 --> 00:19:01,639 Speaker 1: Atlantic Council, with Emily Wilkins and Jack Fitzpatrick. This is 348 00:19:01,640 --> 00:19:15,400 Speaker 1: Bloomberg broadcasting live from our nation's capital, Bloomberg to New York, 349 00:19:15,480 --> 00:19:19,640 Speaker 1: Bloomberg eleven, Frio to Boston, Bloomberg one, O six one 350 00:19:19,800 --> 00:19:24,000 Speaker 1: to San Francisco, Bloomberg nine sixty to the Country Serious 351 00:19:24,200 --> 00:19:28,000 Speaker 1: XM Channel one, and around the globe the Bloomberg Business 352 00:19:28,040 --> 00:19:32,560 Speaker 1: app and Bloomberg Radio dot Com. This is Bloomberg Sound 353 00:19:32,600 --> 00:19:37,560 Speaker 1: On with Joe Matthew. This is Emily Wilkins and Jack 354 00:19:37,600 --> 00:19:41,680 Speaker 1: fitz Patrick. We are in this week for Joe. Support 355 00:19:41,720 --> 00:19:44,320 Speaker 1: for Ukraine has remained high in the US, as well 356 00:19:44,359 --> 00:19:47,880 Speaker 1: as pressure to continue finding ways to punish Russia for 357 00:19:47,960 --> 00:19:51,160 Speaker 1: the invasion, and the urgency to do so has only 358 00:19:51,240 --> 00:19:55,000 Speaker 1: grown after reports this weekend of scores of civilian deaths 359 00:19:55,080 --> 00:19:57,760 Speaker 1: and a Kiev suburb. We're going to talk about that 360 00:19:57,800 --> 00:20:00,520 Speaker 1: more with Ambassador Daniel Freed in a in it on 361 00:20:00,600 --> 00:20:03,600 Speaker 1: what more can be done well. President Biden today called 362 00:20:03,640 --> 00:20:07,040 Speaker 1: for a war crimes investigation into Russia and President Putin. 363 00:20:07,119 --> 00:20:10,159 Speaker 1: Following evidence of what Ukraine is calling torture in the 364 00:20:10,240 --> 00:20:14,120 Speaker 1: key suburb of Bousha, Biden, while speaking to reporters at 365 00:20:14,160 --> 00:20:17,480 Speaker 1: Fort McNair in Washington, said he plans to add more 366 00:20:17,600 --> 00:20:22,280 Speaker 1: sanctions against Russia. You may remember I got criticized for 367 00:20:22,440 --> 00:20:26,200 Speaker 1: calling the war criminals. Well, the truth of the matter 368 00:20:26,720 --> 00:20:30,399 Speaker 1: is all what happened this warrant him, he has a 369 00:20:30,480 --> 00:20:35,000 Speaker 1: war criminal. Join us now, is Daniel Freed, the former 370 00:20:35,040 --> 00:20:39,480 Speaker 1: ambassador to Poland, former Assistant Secretary of State for Europe. Ambassador, 371 00:20:39,760 --> 00:20:42,119 Speaker 1: thank you so much for joining us. Can we just 372 00:20:42,200 --> 00:20:45,159 Speaker 1: talk for a minute about what we know at this 373 00:20:45,240 --> 00:20:50,359 Speaker 1: point for sure about these deaths in Bucca. What we 374 00:20:50,480 --> 00:20:55,880 Speaker 1: know is that the apparent massacre of civilians at Buca 375 00:20:57,480 --> 00:21:00,439 Speaker 1: fit's the pattern of Russia's conduct of this for from 376 00:21:00,480 --> 00:21:03,800 Speaker 1: the beginning. We know that they're shelling and rocketing cities. 377 00:21:04,760 --> 00:21:09,000 Speaker 1: We know that they're indiscriminately killing people as a kind 378 00:21:09,040 --> 00:21:12,080 Speaker 1: of a terror operation, and we know that this fits 379 00:21:12,119 --> 00:21:16,440 Speaker 1: the pattern of Soviet activities of what their military did 380 00:21:17,119 --> 00:21:20,200 Speaker 1: in Eastern Europe at the end of World War Two. 381 00:21:20,359 --> 00:21:23,639 Speaker 1: We've seen this before, so it shouldn't be a surprise. 382 00:21:24,640 --> 00:21:27,280 Speaker 1: So since we've seen this before, how do we know 383 00:21:27,320 --> 00:21:30,280 Speaker 1: about what the U s should do to respond? Is 384 00:21:30,359 --> 00:21:35,719 Speaker 1: this a time that calls for more sanctions. It's a 385 00:21:35,720 --> 00:21:39,360 Speaker 1: time that calls for more sanctions and more military assistance 386 00:21:39,440 --> 00:21:42,440 Speaker 1: to Ukraine so they can defend themselves and do it 387 00:21:42,720 --> 00:21:48,880 Speaker 1: right now. Right now, the battle is not decided. Ukrainians 388 00:21:48,880 --> 00:21:52,960 Speaker 1: could actually defeat the Russian offensive. I'm not saying they will. 389 00:21:53,400 --> 00:21:56,359 Speaker 1: I'm saying they might, and we need to lean forward 390 00:21:56,400 --> 00:21:59,239 Speaker 1: and help them defend themselves. You need to put more 391 00:21:59,320 --> 00:22:03,000 Speaker 1: pressure on the Russians, on the Russian economy, and there 392 00:22:03,000 --> 00:22:05,680 Speaker 1: are ways to do it. I think the Biden administration 393 00:22:05,760 --> 00:22:08,399 Speaker 1: is thinking about it, the Germans are thinking about it, 394 00:22:08,840 --> 00:22:13,679 Speaker 1: and we need to think fast and then act. Ambassador. 395 00:22:13,680 --> 00:22:16,640 Speaker 1: We've heard so much about the sanctions that have been 396 00:22:16,720 --> 00:22:21,240 Speaker 1: placed on Russia. How much more can we do? Can 397 00:22:21,280 --> 00:22:24,359 Speaker 1: the rest of the world do? And what specifically would 398 00:22:24,400 --> 00:22:28,560 Speaker 1: be the the kind of sanction that really gets to 399 00:22:28,960 --> 00:22:32,560 Speaker 1: Vladimir Putin and might change his mind, if that's even possible. 400 00:22:35,480 --> 00:22:38,800 Speaker 1: It's not just the question of changing Putin's mind, It's 401 00:22:38,800 --> 00:22:41,760 Speaker 1: a question of weakening the Russian economy so Putin has 402 00:22:41,840 --> 00:22:46,040 Speaker 1: fewer resources. My last job in government the sanctions coordinator, 403 00:22:46,560 --> 00:22:48,960 Speaker 1: and I was in that job when when Putin first 404 00:22:49,000 --> 00:22:56,000 Speaker 1: attacked Ukraine in UH in sanctions follow the money. Putin 405 00:22:56,240 --> 00:23:00,360 Speaker 1: and his regime makes money by exporting oil and gas, 406 00:23:00,440 --> 00:23:03,760 Speaker 1: so go after that. Now you could do an embargo. 407 00:23:04,200 --> 00:23:06,760 Speaker 1: The United States has done it, but easy for us. 408 00:23:06,880 --> 00:23:11,159 Speaker 1: Right we're much more energy independent. Poland and Lithuania have 409 00:23:11,240 --> 00:23:13,960 Speaker 1: already said that they're going to phase out this year 410 00:23:14,920 --> 00:23:19,880 Speaker 1: all UH imports of energy from Russia. The Germans new 411 00:23:19,920 --> 00:23:23,280 Speaker 1: government are thinking about what more they can do. We 412 00:23:23,400 --> 00:23:29,200 Speaker 1: need to find ways to diminish the income that Russia 413 00:23:29,280 --> 00:23:32,160 Speaker 1: makes by selling oil and gas. There are different ways 414 00:23:32,200 --> 00:23:35,600 Speaker 1: to do it. There is an embargo, there are tariffs. 415 00:23:35,640 --> 00:23:39,040 Speaker 1: There are the threats of secondary sanctions. That is, make 416 00:23:39,080 --> 00:23:43,240 Speaker 1: the Chinese and the Indians UH lowered their purchases of 417 00:23:43,320 --> 00:23:47,960 Speaker 1: Russian oil, otherwise you might sanction them. This is what 418 00:23:48,000 --> 00:23:52,240 Speaker 1: we've done, what we did in the Iran sanctions program. 419 00:23:52,280 --> 00:23:55,680 Speaker 1: So there are options, and we need to to realize 420 00:23:56,200 --> 00:23:59,480 Speaker 1: this is a war, and it's a war with a 421 00:23:59,600 --> 00:24:03,119 Speaker 1: cross of these mass killings and more will be discovered. 422 00:24:03,160 --> 00:24:06,040 Speaker 1: I can almost promise you that, and it's a war 423 00:24:06,320 --> 00:24:10,520 Speaker 1: that the Ukrainians have a shot at winning, so let's 424 00:24:10,600 --> 00:24:15,520 Speaker 1: lean forward, Ambassador. One thing that I know that President 425 00:24:15,680 --> 00:24:19,719 Speaker 1: Zelenski mentioned when he addressed Congress the other week was 426 00:24:19,960 --> 00:24:23,000 Speaker 1: talking about a no fly zone. And I'm wondering, now 427 00:24:23,040 --> 00:24:25,760 Speaker 1: that we are starting to see some of these images, 428 00:24:25,840 --> 00:24:29,680 Speaker 1: becoming aware that we're beginning to use the terminology war crimes, 429 00:24:30,200 --> 00:24:33,719 Speaker 1: is that something that the US needs to begin thinking about, 430 00:24:33,920 --> 00:24:36,920 Speaker 1: maybe not implementing right now, but starting to discuss when 431 00:24:37,200 --> 00:24:42,000 Speaker 1: and if they would implement a no fly zone. I 432 00:24:42,080 --> 00:24:44,720 Speaker 1: think it's a good idea for the US to start 433 00:24:44,800 --> 00:24:49,000 Speaker 1: thinking about what kind of security relations it wants to 434 00:24:49,080 --> 00:24:54,000 Speaker 1: have with Ukraine going forward, and if there were a ceasefire, 435 00:24:55,240 --> 00:24:59,800 Speaker 1: if we help the Ukrainians block the Russian advance and 436 00:25:00,000 --> 00:25:04,199 Speaker 1: putin calls for a ceasefire, basically that to consolidate what 437 00:25:04,440 --> 00:25:08,840 Speaker 1: is gained, then we need to start re evaluating. Uh, 438 00:25:08,880 --> 00:25:12,160 Speaker 1: that hard line the US is drawn. The hard line 439 00:25:12,240 --> 00:25:15,640 Speaker 1: is east of that line. It's not NATO, it's Ukraine. 440 00:25:16,000 --> 00:25:20,480 Speaker 1: So we don't you don't defend them ourselves. West of 441 00:25:20,480 --> 00:25:23,800 Speaker 1: the line is native territory, and we defend that well 442 00:25:23,880 --> 00:25:27,200 Speaker 1: fair enough. I understand why the administration took that position. 443 00:25:27,840 --> 00:25:32,720 Speaker 1: But if there's a ceasefire, we need to reconsider some 444 00:25:32,840 --> 00:25:36,040 Speaker 1: of that and make sure that Putin doesn't get a 445 00:25:36,080 --> 00:25:40,200 Speaker 1: pause to three years while he regroups and plans his 446 00:25:40,320 --> 00:25:44,359 Speaker 1: next his third assault on Ukraine. So yeah, we do 447 00:25:44,520 --> 00:25:46,919 Speaker 1: need to think about this kind of thing, and I 448 00:25:47,000 --> 00:25:49,879 Speaker 1: think that kind of a hard line that the administration 449 00:25:50,000 --> 00:25:55,280 Speaker 1: drew understandable. I get it, but we don't want to 450 00:25:55,280 --> 00:25:58,880 Speaker 1: be signaling too much what we won't do and thereby 451 00:25:59,000 --> 00:26:01,639 Speaker 1: give Putin the green light to do what he wants 452 00:26:01,680 --> 00:26:06,040 Speaker 1: to do. Ambassador, in the shorter term. In the nearer term, 453 00:26:06,040 --> 00:26:09,880 Speaker 1: I'm curious what you make of what National Security Adviser 454 00:26:09,960 --> 00:26:14,640 Speaker 1: Jake Sullivan described as Russia repositioning forces to focus on 455 00:26:14,680 --> 00:26:17,680 Speaker 1: an offensive in eastern Ukraine. Are they scaling back their 456 00:26:17,720 --> 00:26:20,920 Speaker 1: ambitions or what do you make of that? I think 457 00:26:21,000 --> 00:26:25,280 Speaker 1: Jake Sullivan is absolutely right. It looks like the Russian attack, 458 00:26:26,040 --> 00:26:30,800 Speaker 1: their attempt to overrun Kieth has completely failed. They've withdrawn, 459 00:26:31,040 --> 00:26:33,480 Speaker 1: but that doesn't mean the war is over. They're going 460 00:26:33,520 --> 00:26:37,120 Speaker 1: to reposition forces and try in the east, where they've 461 00:26:37,359 --> 00:26:40,680 Speaker 1: made some games and where they've been occupying Ukrainian territory 462 00:26:40,760 --> 00:26:45,080 Speaker 1: since I think Putin is looking for some kind of 463 00:26:45,080 --> 00:26:50,800 Speaker 1: a victory that he can claim vindicates his his choice 464 00:26:50,840 --> 00:26:54,200 Speaker 1: to go to war. I think if Mariopo falls and 465 00:26:54,320 --> 00:26:58,320 Speaker 1: a repositioned Russian force takes a little bit more Ukrainian land, 466 00:26:59,080 --> 00:27:05,320 Speaker 1: they may just side too announcing unilateral She's fired. Well, Ambassador, 467 00:27:05,680 --> 00:27:08,879 Speaker 1: victory parade and Ambassador, we are going to have to 468 00:27:08,960 --> 00:27:10,680 Speaker 1: leave it there for today. Thank you so much for 469 00:27:10,760 --> 00:27:14,640 Speaker 1: joining us, Ambassador forem ambassador pulling Daniel Freed. Uh Well, 470 00:27:14,800 --> 00:27:17,160 Speaker 1: coming up, we'll be breaking down a little bit more 471 00:27:17,240 --> 00:27:26,520 Speaker 1: about these sanctions with our panel. This is Bloomberg. This 472 00:27:27,080 --> 00:27:33,080 Speaker 1: is Bloomberg so On with Joe Matthew on Bloomberg Radio. 473 00:27:34,080 --> 00:27:38,480 Speaker 1: Lawmakers announced a bipartisan deal just this afternoon on a 474 00:27:38,560 --> 00:27:42,920 Speaker 1: ten billion dollar COVID aid bill, including money for therapeutics 475 00:27:42,920 --> 00:27:46,000 Speaker 1: and research on emerging variants. We've got to discuss this 476 00:27:46,080 --> 00:27:49,280 Speaker 1: with our panel. I'm Jack Fitzpatrick from Bloomberg Government here 477 00:27:49,320 --> 00:27:53,560 Speaker 1: with my colleague Emily Wilkins. We are co hosting while 478 00:27:53,680 --> 00:27:56,640 Speaker 1: Joe Matthew is out. He'll be back next week. We're 479 00:27:56,640 --> 00:27:59,520 Speaker 1: going to bring in our panel Bloomberg Politics contributors Jeannie 480 00:27:59,560 --> 00:28:02,120 Speaker 1: she and z A Know and Rick Davis to discuss 481 00:28:02,200 --> 00:28:05,800 Speaker 1: the path forward for any further COVID aid. Guys, I 482 00:28:05,840 --> 00:28:09,840 Speaker 1: would note that this was negotiated and just announced earlier 483 00:28:09,880 --> 00:28:14,400 Speaker 1: this afternoon by Senators Chuck Schumer and Mitt Romney. Lawmakers 484 00:28:14,400 --> 00:28:15,639 Speaker 1: are going to try to send a bill to the 485 00:28:15,640 --> 00:28:18,639 Speaker 1: President's desk this week before they leave for a two 486 00:28:18,680 --> 00:28:24,200 Speaker 1: week recess. There is nothing for Global vaccine aid in 487 00:28:24,200 --> 00:28:26,800 Speaker 1: this That was something that key Democrats had pushed for. 488 00:28:27,119 --> 00:28:30,360 Speaker 1: They'll continue that conversation in other bills, but this ten 489 00:28:30,400 --> 00:28:35,960 Speaker 1: billion dollars does not have anything for international vaccine aid. Genie, 490 00:28:36,000 --> 00:28:38,200 Speaker 1: I want to get your take on this. I I'm 491 00:28:38,240 --> 00:28:42,000 Speaker 1: surprised a little bit after the trillions spent over the 492 00:28:42,040 --> 00:28:45,760 Speaker 1: last couple of years in response the federal response to 493 00:28:46,400 --> 00:28:50,120 Speaker 1: the COVID pandemic, that lawmakers lately have kind of been 494 00:28:50,160 --> 00:28:54,120 Speaker 1: bickering over ten billion dollars that's fully offset pulling back 495 00:28:54,160 --> 00:28:57,720 Speaker 1: previously appropriated money that hasn't been spent. There's nothing in 496 00:28:57,760 --> 00:28:59,920 Speaker 1: there for global vaccine aid, which was important to a 497 00:29:00,080 --> 00:29:03,200 Speaker 1: number of Democrats. What do you make of where things 498 00:29:03,240 --> 00:29:07,200 Speaker 1: stand right now in the conversations around providing more resources 499 00:29:07,240 --> 00:29:09,520 Speaker 1: and where do we go forward? You know, I think 500 00:29:09,520 --> 00:29:12,000 Speaker 1: we've got to give a lot of credit to met Romney, 501 00:29:12,040 --> 00:29:14,120 Speaker 1: a lot of credit to Chuck Schumer, but met Romney 502 00:29:14,160 --> 00:29:17,040 Speaker 1: in particular for moving this forward. You're right, it certainly 503 00:29:17,120 --> 00:29:21,120 Speaker 1: doesn't have what many particularly Democrats, but some Republicans as well, 504 00:29:21,200 --> 00:29:25,080 Speaker 1: wanted by way of aid for other countries, particularly low 505 00:29:25,160 --> 00:29:29,400 Speaker 1: income countries. Many people in Congress feel and people around 506 00:29:29,400 --> 00:29:31,680 Speaker 1: the world feel, as the United States of America, as 507 00:29:31,800 --> 00:29:34,440 Speaker 1: the superpower in the world, we have an obligation to 508 00:29:34,520 --> 00:29:39,160 Speaker 1: help support vaccinations and and health issues in those countries. 509 00:29:39,440 --> 00:29:40,760 Speaker 1: We're not going to be able to do that with 510 00:29:40,800 --> 00:29:43,560 Speaker 1: this bill, although I did I do understand that Mitt 511 00:29:43,640 --> 00:29:45,280 Speaker 1: Romney has said there may be a way to do 512 00:29:45,320 --> 00:29:48,640 Speaker 1: that separately in going forward. So it's going to be 513 00:29:48,760 --> 00:29:51,680 Speaker 1: interesting to see if this moves through, how fast it does, 514 00:29:51,720 --> 00:29:54,320 Speaker 1: and can they get it out before the Easter break. 515 00:29:54,360 --> 00:29:56,720 Speaker 1: I think they will, but it is you know, I 516 00:29:56,760 --> 00:29:59,160 Speaker 1: think to Mitt Romney's credit that he's put himself on 517 00:29:59,200 --> 00:30:00,960 Speaker 1: the line for this and it's not as big as 518 00:30:00,960 --> 00:30:03,840 Speaker 1: Democrats wanted, but it is a substantial amount of money 519 00:30:04,120 --> 00:30:06,720 Speaker 1: right well, as you mentioned, Jennie, it raises questions about 520 00:30:06,840 --> 00:30:09,200 Speaker 1: when the next bill would come because there's still a 521 00:30:09,240 --> 00:30:12,360 Speaker 1: push for global vaccine aid, it's a relatively small number, 522 00:30:12,960 --> 00:30:16,840 Speaker 1: Rick Davis, Why is Mitt Romney negotiating this? He's not 523 00:30:17,480 --> 00:30:20,120 Speaker 1: on appropriations, he's not a member of leadership. How did 524 00:30:20,200 --> 00:30:22,800 Speaker 1: Mit Romney end up in this sort of pseudo leadership 525 00:30:22,920 --> 00:30:25,080 Speaker 1: role of kind of being put in charge of these 526 00:30:25,120 --> 00:30:28,880 Speaker 1: COVID negotiations? Yeah, I think you he volunteered. I mean 527 00:30:28,920 --> 00:30:31,000 Speaker 1: it was one of those classic you know what, everybody 528 00:30:31,040 --> 00:30:33,800 Speaker 1: wants to work on this COVID funding bill step forward, 529 00:30:33,840 --> 00:30:36,400 Speaker 1: and he was the only one who did. Uh. And Uh, 530 00:30:36,440 --> 00:30:38,880 Speaker 1: He's got a good relationship with Chuck Schumer. They've talked 531 00:30:38,880 --> 00:30:41,920 Speaker 1: about the need for this UM. Look, I mean, Romney's 532 00:30:41,920 --> 00:30:44,520 Speaker 1: a pretty compassionate guy. He's always been there when the 533 00:30:44,560 --> 00:30:49,200 Speaker 1: country has needed, UH to fund COVID relief, especially UM 534 00:30:49,600 --> 00:30:52,200 Speaker 1: throughout the course of the last few years. So it 535 00:30:52,240 --> 00:30:54,120 Speaker 1: wasn't a surprise that he wanted to take a leadership 536 00:30:54,200 --> 00:30:56,320 Speaker 1: role on this. But I think he also added the 537 00:30:56,400 --> 00:30:58,520 Speaker 1: element to this that we haven't talked about much, and 538 00:30:58,560 --> 00:31:00,480 Speaker 1: that is that that it needed to be paid for. 539 00:31:00,680 --> 00:31:03,480 Speaker 1: Right the days of just borrowing money from the from 540 00:31:03,520 --> 00:31:06,800 Speaker 1: the Treasury to pay for trillions of dollars of COVID 541 00:31:06,800 --> 00:31:08,920 Speaker 1: relief for over and I think this is the first 542 00:31:09,000 --> 00:31:13,640 Speaker 1: indication that maybe those trillions were probably more than we 543 00:31:13,680 --> 00:31:15,920 Speaker 1: needed because they were able to just reprogram some of 544 00:31:15,960 --> 00:31:18,640 Speaker 1: the funds that already had been approved to pay for this. 545 00:31:18,800 --> 00:31:21,120 Speaker 1: So uh, it kind of made everybody happy, and I 546 00:31:21,200 --> 00:31:24,160 Speaker 1: think it does open up the opportunity in future to 547 00:31:24,240 --> 00:31:27,240 Speaker 1: do the same thing for other things, other priorities around COVID, 548 00:31:27,320 --> 00:31:30,920 Speaker 1: like the foreign vaccine program. And you know, this is 549 00:31:30,960 --> 00:31:34,080 Speaker 1: coming at a time where we're seeing cases decline, we're 550 00:31:34,080 --> 00:31:38,600 Speaker 1: seeing masks removed, we're seeing mandates dropped. Um and Genie, 551 00:31:38,600 --> 00:31:40,840 Speaker 1: I'm kind of wondering the fact that they are, you know, 552 00:31:40,920 --> 00:31:43,760 Speaker 1: in line now past this funding. Do you think it's 553 00:31:43,800 --> 00:31:45,720 Speaker 1: going to mean that we're going to be seen more 554 00:31:45,880 --> 00:31:49,600 Speaker 1: bills like this as we continue to see new variants, 555 00:31:49,840 --> 00:31:53,120 Speaker 1: as we continue to try to fully get past this pandemic. 556 00:31:53,320 --> 00:31:56,480 Speaker 1: Would you expect that that we'd see more funding for COVID. 557 00:31:57,040 --> 00:31:59,440 Speaker 1: We certainly should. I mean, if we take a step back, 558 00:31:59,520 --> 00:32:01,320 Speaker 1: one of the things we've all learned in the last 559 00:32:01,320 --> 00:32:03,560 Speaker 1: three years, hopefully would be that this is something of 560 00:32:03,560 --> 00:32:05,800 Speaker 1: a no brainer. We don't want to do this to 561 00:32:05,880 --> 00:32:09,120 Speaker 1: our health, our bodies, our country, the world. Certainly the 562 00:32:09,160 --> 00:32:12,400 Speaker 1: economy ever again, and we should be better prepared. And 563 00:32:12,440 --> 00:32:15,320 Speaker 1: this is one of the obligations our government has. So 564 00:32:15,560 --> 00:32:17,320 Speaker 1: when you step back, this should really be a no 565 00:32:17,440 --> 00:32:20,080 Speaker 1: brainer that we do this, and we do in fact more. 566 00:32:20,480 --> 00:32:23,120 Speaker 1: And the fact it's taken this long to get this 567 00:32:23,200 --> 00:32:25,800 Speaker 1: bill much smaller than people wanted, I think is pretty 568 00:32:25,840 --> 00:32:27,840 Speaker 1: telling about where we are. I mean, I applaud Meant 569 00:32:27,920 --> 00:32:30,760 Speaker 1: Romney and Chuck Schumer's efforts, but this really should be 570 00:32:30,800 --> 00:32:32,840 Speaker 1: a no brainer, given we've all just lived through the 571 00:32:32,920 --> 00:32:36,960 Speaker 1: last three years. Yeah, considering the broader discussion about how 572 00:32:37,040 --> 00:32:41,320 Speaker 1: we prepare for new variants, how we prepare for pandemics 573 00:32:41,360 --> 00:32:44,840 Speaker 1: in general, I was a little surprised that the conversation 574 00:32:44,880 --> 00:32:48,120 Speaker 1: about this ten billion dollars when the White House had 575 00:32:48,160 --> 00:32:51,680 Speaker 1: requested twenty two and a half billion, took this long 576 00:32:51,760 --> 00:32:54,880 Speaker 1: to negotiate and bumped right up against a recess for 577 00:32:54,960 --> 00:32:57,920 Speaker 1: the House and Senate. One other major piece of news today, 578 00:32:58,040 --> 00:33:02,320 Speaker 1: Guy's Republicans States sued filed the lawsuit today over the 579 00:33:02,360 --> 00:33:06,760 Speaker 1: Biden administration's decision to end the pandemic policy that allowed 580 00:33:06,760 --> 00:33:11,280 Speaker 1: officials to immediately expel many migrants and asylum seekers at 581 00:33:11,280 --> 00:33:15,680 Speaker 1: the border that was promoted initially by the CDC. This 582 00:33:15,720 --> 00:33:18,560 Speaker 1: is a pandemic policy, not on its own uh an 583 00:33:18,560 --> 00:33:21,960 Speaker 1: immigration policy. The lawsuit was just filed today by Arizona, 584 00:33:22,000 --> 00:33:27,240 Speaker 1: Louisiana and Missouri. UH Senator John Cornyn on Fox News 585 00:33:27,280 --> 00:33:31,640 Speaker 1: Sunday did say that there's a political angle to some 586 00:33:31,760 --> 00:33:34,640 Speaker 1: of these issues, and that in fact, immigration is among 587 00:33:34,760 --> 00:33:38,120 Speaker 1: the key issues Republicans want to focus on headed toward 588 00:33:38,160 --> 00:33:41,160 Speaker 1: the mid terms. Let's play his clip. The inflation is 589 00:33:41,600 --> 00:33:44,840 Speaker 1: undermining the standard of living of Americans across the country, 590 00:33:45,040 --> 00:33:48,600 Speaker 1: violent crime is spiked, the border is on fire, and 591 00:33:48,840 --> 00:33:53,000 Speaker 1: an invasion of of Ukraine by Vladimir Putin. We've got 592 00:33:53,080 --> 00:33:55,240 Speaker 1: a lot to pay attention to, and to me that 593 00:33:55,320 --> 00:33:58,280 Speaker 1: those would be the issues that would drive our agenda 594 00:33:58,560 --> 00:34:01,520 Speaker 1: when we get back in the majority. Rick I can't 595 00:34:01,560 --> 00:34:04,800 Speaker 1: predict the outcome of this lawsuit just filed today over 596 00:34:04,920 --> 00:34:08,440 Speaker 1: what they referred to as Title forty two, that authority 597 00:34:08,520 --> 00:34:11,560 Speaker 1: under pandemic rules that officials had to expel people at 598 00:34:11,600 --> 00:34:15,360 Speaker 1: the border. But clearly Republicans are aiming to make immigration 599 00:34:15,560 --> 00:34:19,200 Speaker 1: a major issue on the campaign trail between now in November. 600 00:34:19,280 --> 00:34:23,319 Speaker 1: What is the political UH fallout of the end of 601 00:34:23,400 --> 00:34:25,920 Speaker 1: Title forty two. Do you think. Yeah, Look, I think 602 00:34:25,920 --> 00:34:28,560 Speaker 1: it's a gift of Republicans running. I don't think it 603 00:34:28,600 --> 00:34:31,799 Speaker 1: makes a lot of sense for this administration, as you say, Jack, 604 00:34:31,840 --> 00:34:35,800 Speaker 1: while they're asking for additional billions from Congress to fight COVID, 605 00:34:36,160 --> 00:34:38,960 Speaker 1: to then start releasing some of these functions that they 606 00:34:39,000 --> 00:34:41,239 Speaker 1: put into place on the border. We still have to 607 00:34:41,239 --> 00:34:44,000 Speaker 1: wear masks on trains and planes and and and and 608 00:34:44,040 --> 00:34:45,680 Speaker 1: so all of a sudden we get this sort of 609 00:34:45,719 --> 00:34:48,359 Speaker 1: counter messaging. And it's been great for Republicans. I mean, 610 00:34:48,360 --> 00:34:50,680 Speaker 1: Republicans always knew the border was going to be a 611 00:34:50,680 --> 00:34:53,000 Speaker 1: big issue. It's always, you know, in the top five 612 00:34:53,080 --> 00:34:55,919 Speaker 1: amongst voters, regardless of what state you live in. And 613 00:34:56,280 --> 00:34:59,319 Speaker 1: this is gonna propelled even higher. Uh. Look, I mean 614 00:35:00,040 --> 00:35:04,160 Speaker 1: this policy expelled one point six million people, and now 615 00:35:04,200 --> 00:35:06,640 Speaker 1: it's being lifted without a plan in place to actually 616 00:35:06,680 --> 00:35:09,839 Speaker 1: manage the transition. And so I think that it's going 617 00:35:09,920 --> 00:35:13,399 Speaker 1: to be very difficult for Democrats to defend this. Many 618 00:35:13,480 --> 00:35:17,480 Speaker 1: already are speaking against it. Border state people like Kelly Um. 619 00:35:17,520 --> 00:35:19,719 Speaker 1: You know, Senator Kelly's got a tough race ahead of him, 620 00:35:19,800 --> 00:35:21,680 Speaker 1: is spoken out that, you know, this is probably not 621 00:35:21,719 --> 00:35:24,399 Speaker 1: the right time or or thing to do. And so 622 00:35:24,600 --> 00:35:26,880 Speaker 1: I think we're gonna see a lot of rancor around 623 00:35:26,880 --> 00:35:29,880 Speaker 1: this in a ton of TV commercials, you know, between 624 00:35:29,880 --> 00:35:33,200 Speaker 1: now and the mid terms. Yeah, Republicans are already planning 625 00:35:33,239 --> 00:35:37,040 Speaker 1: to make immigration an issue even before this announcement. Uh. 626 00:35:37,080 --> 00:35:40,120 Speaker 1: And this certainly, you know, adds some move to to 627 00:35:40,200 --> 00:35:42,680 Speaker 1: the attacks that they were already planning to make on 628 00:35:42,800 --> 00:35:46,520 Speaker 1: Democrats during this midterm season. But we should note that 629 00:35:46,600 --> 00:35:48,919 Speaker 1: you know, title for you too, it's going to remain 630 00:35:48,960 --> 00:35:51,960 Speaker 1: in place until May twenty three, that's more than a 631 00:35:51,960 --> 00:35:55,560 Speaker 1: month from now. And Homeland Security Secretary Aljandro Mayor Cause 632 00:35:55,800 --> 00:35:59,040 Speaker 1: said the government needs a quote comprehensive whole of government 633 00:35:59,080 --> 00:36:02,520 Speaker 1: strategy to man is any potential increase in the number 634 00:36:02,560 --> 00:36:05,920 Speaker 1: of migrants encountered at our border. Uh that was a 635 00:36:06,000 --> 00:36:08,960 Speaker 1: quote he made the other day. Uh, Genie, does the 636 00:36:09,000 --> 00:36:12,720 Speaker 1: administration have time to put something like that in place, 637 00:36:12,840 --> 00:36:16,640 Speaker 1: a plan to address the increase of migrants that's expected 638 00:36:16,640 --> 00:36:19,839 Speaker 1: at the southern border. They need to right now. You know, 639 00:36:19,960 --> 00:36:22,840 Speaker 1: we all have about two million encounters at the border. 640 00:36:23,040 --> 00:36:25,799 Speaker 1: That is way way up, as Rick mentioned, And you've 641 00:36:25,840 --> 00:36:29,200 Speaker 1: got Democrats in key states and not just border states 642 00:36:29,239 --> 00:36:32,240 Speaker 1: like Mark Kelly, You've got Joe Manchin. You've got Maggie 643 00:36:32,280 --> 00:36:35,640 Speaker 1: Hassan in New Hampshire. I was looking at listening to 644 00:36:35,760 --> 00:36:38,600 Speaker 1: some of the media, local media coming out of non 645 00:36:38,640 --> 00:36:42,040 Speaker 1: border states this weekend. They are talking about this issue. 646 00:36:42,440 --> 00:36:45,320 Speaker 1: You know, Democrats are right, this was put in place 647 00:36:45,400 --> 00:36:48,200 Speaker 1: for health reasons. It makes sense from that perspective to 648 00:36:48,320 --> 00:36:50,960 Speaker 1: lift it. But you can't do that without a plan 649 00:36:51,120 --> 00:36:54,319 Speaker 1: in place to address the millions that are coming through. 650 00:36:54,400 --> 00:36:57,960 Speaker 1: And that's where it raises questions that Republicans want to 651 00:36:58,000 --> 00:37:01,520 Speaker 1: ask about whether in fact o Biden and the Democrats 652 00:37:01,840 --> 00:37:05,080 Speaker 1: are competent to address these problems, and that's what they 653 00:37:05,120 --> 00:37:07,680 Speaker 1: have to address with a plan. Well, one other name 654 00:37:07,719 --> 00:37:11,640 Speaker 1: I'm following in Congress, aside from people like Senator Kelly 655 00:37:11,640 --> 00:37:15,160 Speaker 1: and anybody facing a tough reelection, would be Congresswoman Lucille 656 00:37:15,200 --> 00:37:18,520 Speaker 1: roybal Allard, who I noticed put a statement out on 657 00:37:18,560 --> 00:37:21,080 Speaker 1: Friday about this. She is the chair of the sub 658 00:37:21,080 --> 00:37:23,759 Speaker 1: committee that funds the Department of Homeland Security, and she 659 00:37:23,840 --> 00:37:26,799 Speaker 1: said late last week the Congress should prepare for the 660 00:37:26,840 --> 00:37:29,600 Speaker 1: possibility that they'll need to provide more resources at the 661 00:37:29,640 --> 00:37:33,880 Speaker 1: border if there's a really large increase of people arriving 662 00:37:34,000 --> 00:37:36,799 Speaker 1: due to this policy, Rick is, is that basically the 663 00:37:36,800 --> 00:37:39,040 Speaker 1: expectation that if you loosen this up, we're going to 664 00:37:39,120 --> 00:37:43,000 Speaker 1: see a very significant increase of people trying to cross 665 00:37:43,040 --> 00:37:46,279 Speaker 1: the border knowing that it's much more difficult to immediately 666 00:37:46,320 --> 00:37:49,040 Speaker 1: expel people. Yeah. I don't think it's so much that 667 00:37:49,120 --> 00:37:51,200 Speaker 1: there's going to be an increase in the number of 668 00:37:51,200 --> 00:37:55,080 Speaker 1: people surging north from the border. That's already happening. I mean, 669 00:37:55,120 --> 00:37:58,120 Speaker 1: there's a crisis on the border today. The question is 670 00:37:58,320 --> 00:38:00,680 Speaker 1: what are the tools that you're giving Home and Security 671 00:38:00,800 --> 00:38:03,600 Speaker 1: in order to try and expel those people who are 672 00:38:03,640 --> 00:38:06,000 Speaker 1: illegally entering the United States. And this is now a 673 00:38:06,000 --> 00:38:07,719 Speaker 1: tool in the toolkit that they're not going to be 674 00:38:07,760 --> 00:38:09,839 Speaker 1: able to use, as you point out, you know by 675 00:38:09,840 --> 00:38:11,880 Speaker 1: the time and it may comes. So what are you 676 00:38:11,880 --> 00:38:13,759 Speaker 1: going to do in the process. You're gonna let all 677 00:38:13,760 --> 00:38:16,080 Speaker 1: those people just come in and you know, hope for 678 00:38:16,120 --> 00:38:18,399 Speaker 1: the best of rounding them up and and and either 679 00:38:19,120 --> 00:38:22,600 Speaker 1: holding them or releasing them into the population with hope 680 00:38:22,600 --> 00:38:25,520 Speaker 1: that they'll make a court case sometime later on A 681 00:38:25,560 --> 00:38:30,440 Speaker 1: tough issue politically and potentially legislatively for Democrats. Thanks again 682 00:38:30,840 --> 00:38:34,000 Speaker 1: to Bloomberg Politics contributors Jeanie Sheen Zano and Rick Davis 683 00:38:34,000 --> 00:38:36,320 Speaker 1: are panelists, as well as Gregg Valier at a g 684 00:38:36,520 --> 00:38:40,120 Speaker 1: F Investments and Daniel Freed at the Atlantic Council with 685 00:38:40,200 --> 00:38:43,759 Speaker 1: Emily Wilkins. I'm Jack Fitzpatrick. This is Bloomberg.