1 00:00:00,680 --> 00:00:03,520 Speaker 1: Why from our nations this budget thing is going to 2 00:00:03,600 --> 00:00:06,320 Speaker 1: do nothing Space Force. I still think it's interesting President 3 00:00:06,320 --> 00:00:10,000 Speaker 1: Trump not playing his cards yet. Headlines Policy and politics 4 00:00:10,039 --> 00:00:15,320 Speaker 1: colliding to Bloomberg sound On, the Insiders, the influencers, the insides. 5 00:00:15,440 --> 00:00:17,720 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,720 --> 00:00:20,880 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,880 --> 00:00:23,680 Speaker 1: than it looked in. You really have a divide within 8 00:00:23,920 --> 00:00:26,479 Speaker 1: Team Trump. The present has to do exactly what people 9 00:00:26,480 --> 00:00:28,160 Speaker 1: send him here to do, which is get it done. 10 00:00:28,520 --> 00:00:33,080 Speaker 1: This is Bloomberg Sound On with Kevin Shirl on Bloomberg 11 00:00:33,640 --> 00:00:36,720 Speaker 1: nine one and one oh five point h d two. 12 00:00:37,159 --> 00:00:40,760 Speaker 1: President Trump and the administration looked to ease the market 13 00:00:40,880 --> 00:00:46,200 Speaker 1: volatility on trade concerns with China. Yes, they labeled China 14 00:00:46,280 --> 00:00:50,000 Speaker 1: occurrency manipulator, but could it get worse? What didn't they 15 00:00:50,040 --> 00:00:53,000 Speaker 1: do and will they do it? Jeffrey Wright is here 16 00:00:53,080 --> 00:00:56,920 Speaker 1: from the Eurasia Group. He tracks all things US and 17 00:00:57,040 --> 00:01:01,560 Speaker 1: China trade relations plus Republican sphere extinct in the suburbs. 18 00:01:01,600 --> 00:01:06,080 Speaker 1: Over gun control, What exactly does the latest mass shootings 19 00:01:06,160 --> 00:01:10,120 Speaker 1: over the weekend mean for the Second Amendment debate? We 20 00:01:10,240 --> 00:01:14,080 Speaker 1: check in with a host. We check in actually with 21 00:01:14,080 --> 00:01:18,040 Speaker 1: with one Republican donor who was urging Republicans to distance 22 00:01:18,120 --> 00:01:21,640 Speaker 1: themselves from the n r A. And an all star 23 00:01:21,840 --> 00:01:27,199 Speaker 1: political panel is here with me in studio. We've got 24 00:01:27,240 --> 00:01:31,480 Speaker 1: Brianna Joy Gray. She is national Press secretary to Bernie 25 00:01:31,480 --> 00:01:35,240 Speaker 1: Sanders presidential campaign. And I hear that we're gonna actually 26 00:01:35,280 --> 00:01:38,920 Speaker 1: see an interview with Bernie Sanders and Cardi B. Yes, 27 00:01:39,000 --> 00:01:41,160 Speaker 1: Cardi B and Bernie Sanders. I'm gonna ask her about 28 00:01:41,200 --> 00:01:43,440 Speaker 1: that and obviously about the policy as well. Antoine c 29 00:01:43,680 --> 00:01:47,240 Speaker 1: Right is back. He's a Democratic strategist, former senior advisor 30 00:01:47,560 --> 00:01:51,280 Speaker 1: to Hillary Clints in South Carolina. What's going on in 31 00:01:51,440 --> 00:01:54,160 Speaker 1: South Carolina? Before we get to a Jampact show. It 32 00:01:54,280 --> 00:01:57,760 Speaker 1: was a wild day. Another wild day in terms of 33 00:01:57,880 --> 00:02:02,880 Speaker 1: US China trade relay sans the administration last evening, literally 34 00:02:02,920 --> 00:02:07,080 Speaker 1: in the final minutes of our sound on Bloomberg sound 35 00:02:07,160 --> 00:02:13,120 Speaker 1: on broadcast announcing that they had later a currency manipulator. 36 00:02:13,680 --> 00:02:17,200 Speaker 1: The administration spending all mornings sending out the top economic 37 00:02:17,200 --> 00:02:19,960 Speaker 1: advisors at the White House. I was there, including the 38 00:02:20,080 --> 00:02:24,640 Speaker 1: National Economic Council Director Larry Cudlow, to explain to reporters, 39 00:02:24,680 --> 00:02:28,000 Speaker 1: to explain to markets, to explain to the American people 40 00:02:28,040 --> 00:02:32,639 Speaker 1: precisely what it means to label China a currency manipulator. 41 00:02:32,720 --> 00:02:37,000 Speaker 1: We have every angle covered. Brianna Joy Gray is Bernie 42 00:02:37,040 --> 00:02:40,639 Speaker 1: Sanders campaign National Press secretary. She's with us in studio. 43 00:02:40,720 --> 00:02:43,960 Speaker 1: Antoine Seawright as a Democrats former advisor to the Clinton 44 00:02:44,000 --> 00:02:47,160 Speaker 1: campaign in South Carolina. He's traveled up here to be 45 00:02:47,240 --> 00:02:50,520 Speaker 1: with us in studio, and right. If you don't know 46 00:02:50,639 --> 00:02:52,840 Speaker 1: his name, you know it now. He is a Eurasia 47 00:02:52,880 --> 00:02:58,000 Speaker 1: Group analyst focusing primarily on Congress and US fiscal, foreign trade, 48 00:02:58,040 --> 00:03:02,880 Speaker 1: and regulatory policy. I will be candid here his Eurasia 49 00:03:02,919 --> 00:03:07,440 Speaker 1: Group note and his colleague Todd Mariano's note really is 50 00:03:08,080 --> 00:03:12,239 Speaker 1: in a political look at what is going on, and 51 00:03:12,320 --> 00:03:14,600 Speaker 1: it has really become a must read in terms of 52 00:03:14,600 --> 00:03:18,480 Speaker 1: my morning readings with regards to US China trade policy. So, 53 00:03:19,160 --> 00:03:23,240 Speaker 1: Jeffrey Right, what does it mean for President Trump first 54 00:03:23,280 --> 00:03:27,880 Speaker 1: and foremost to label China a currency manipulator? And simple speak, 55 00:03:28,760 --> 00:03:32,079 Speaker 1: the short answer is that it means not much there 56 00:03:33,400 --> 00:03:36,200 Speaker 1: Going to the Treasury statement said that they would consult 57 00:03:36,240 --> 00:03:37,800 Speaker 1: with the I m F about what to do about 58 00:03:37,840 --> 00:03:41,880 Speaker 1: China's currency policy, so that in the immediate term it 59 00:03:41,960 --> 00:03:45,280 Speaker 1: has very little impact. It matters potentially in terms of 60 00:03:45,320 --> 00:03:48,600 Speaker 1: what it keeps Trump from doing in the meantime and 61 00:03:48,680 --> 00:03:51,080 Speaker 1: what does what does it keep Trump President Trump from 62 00:03:51,120 --> 00:03:54,160 Speaker 1: doing in the meantime. So there are a lot of reporting, 63 00:03:54,200 --> 00:03:57,600 Speaker 1: including from Bloomberg, about Trump's interest in intervening and currency 64 00:03:57,640 --> 00:04:00,480 Speaker 1: markets to weaken the dollar, which he had has had 65 00:04:00,560 --> 00:04:03,040 Speaker 1: some interest in for some time. So my view is 66 00:04:03,080 --> 00:04:05,600 Speaker 1: that what Manuchin did yesterday was in part an effort 67 00:04:05,640 --> 00:04:08,360 Speaker 1: to sort of keep Trump away from those moves which 68 00:04:08,360 --> 00:04:10,760 Speaker 1: would be much more drastic in terms of the way 69 00:04:10,880 --> 00:04:12,920 Speaker 1: was at the White House today when Larry Cudler was 70 00:04:13,000 --> 00:04:15,800 Speaker 1: briefing reporters about this, and he was adamant that the 71 00:04:15,840 --> 00:04:21,559 Speaker 1: administration as of now has no desire nor inkling short 72 00:04:21,680 --> 00:04:26,479 Speaker 1: term to go into for X or to to utilize 73 00:04:27,000 --> 00:04:34,000 Speaker 1: the e s F, the Exchange Stabilization Fund. Remember that 74 00:04:34,080 --> 00:04:37,680 Speaker 1: the Exchange Stabilization Fund. We're getting real wonky with it 75 00:04:39,160 --> 00:04:42,840 Speaker 1: at the Treasury Department, to get involved in China's currency 76 00:04:43,040 --> 00:04:45,200 Speaker 1: as of now, and that would be a much more 77 00:04:45,279 --> 00:04:48,200 Speaker 1: significant when it not than than this label that they 78 00:04:48,240 --> 00:04:51,120 Speaker 1: attacked on. That's right, The use of the e s 79 00:04:51,200 --> 00:04:53,240 Speaker 1: F would be the first time that the the US has 80 00:04:53,360 --> 00:04:56,159 Speaker 1: actively intervened to, in this case week in the dollar 81 00:04:56,279 --> 00:04:59,120 Speaker 1: since the late nineteen eighties when the Plaza chords with 82 00:04:59,200 --> 00:05:03,560 Speaker 1: Japan were um happening. If it sounds confusing, it is, 83 00:05:03,839 --> 00:05:07,400 Speaker 1: and how it's playing out on the presidential campaign field, 84 00:05:07,440 --> 00:05:12,040 Speaker 1: in particular in a crowded Democratic presidential primary field is 85 00:05:12,120 --> 00:05:16,159 Speaker 1: equally as fascinating because the politics Brianna Gray National Brianna 86 00:05:16,240 --> 00:05:20,400 Speaker 1: Joy Gray, National Press Secretary to Bernie Sanders, the politics 87 00:05:20,480 --> 00:05:22,440 Speaker 1: of this on the left are just as confusing to 88 00:05:22,520 --> 00:05:25,080 Speaker 1: me as they are on the right, because some Republicans 89 00:05:25,080 --> 00:05:27,640 Speaker 1: are critical of President Trump on how he's negotiating trade, 90 00:05:28,200 --> 00:05:31,000 Speaker 1: and there are there are similar it's the it's fascinating 91 00:05:31,000 --> 00:05:35,080 Speaker 1: in the American political ideological spectrum to kind of cover 92 00:05:35,120 --> 00:05:38,400 Speaker 1: all of this. So from the standers campaign perspective, what 93 00:05:38,440 --> 00:05:40,960 Speaker 1: do you what is that what is the perception of 94 00:05:40,960 --> 00:05:43,800 Speaker 1: how President Trump is negotiating with China? You know, there 95 00:05:43,839 --> 00:05:47,560 Speaker 1: can be this kind of for for reasonable reasons, right 96 00:05:47,640 --> 00:05:50,359 Speaker 1: because Donald Trump is that you're Korean, off the wall 97 00:05:51,200 --> 00:05:54,440 Speaker 1: character all become unfortunately familiar with over the past few years. 98 00:05:54,920 --> 00:05:57,480 Speaker 1: You know, to have a response that says anything that 99 00:05:57,520 --> 00:05:59,560 Speaker 1: Trump does and may do, the opposite of that is 100 00:05:59,600 --> 00:06:03,479 Speaker 1: an ex actually freethinking reasonable approach. And so this is 101 00:06:03,520 --> 00:06:05,359 Speaker 1: one of those areas where you know, there is some 102 00:06:05,440 --> 00:06:09,039 Speaker 1: agreement between Bernie Sanders and Donald Trump on trade. He 103 00:06:09,040 --> 00:06:13,120 Speaker 1: has long advocated for um um China to be labled 104 00:06:13,120 --> 00:06:15,839 Speaker 1: a currency manipulator. But I think if you take a step, 105 00:06:15,920 --> 00:06:18,880 Speaker 1: what's important here is that, uh, Donald Trump, you know, 106 00:06:18,920 --> 00:06:21,680 Speaker 1: one of lots and minds of Americans by having a 107 00:06:21,720 --> 00:06:23,400 Speaker 1: trade agenda where he said he was going to first 108 00:06:23,400 --> 00:06:26,800 Speaker 1: and foremost protect American interests. Now he lied about that. 109 00:06:27,040 --> 00:06:29,400 Speaker 1: He hasn't lived up to that promise. But you know, 110 00:06:29,440 --> 00:06:33,320 Speaker 1: Bernie Sanders feelings about this is that you know the 111 00:06:34,720 --> 00:06:37,240 Speaker 1: Trump is now pushing for like an AFT to two 112 00:06:37,320 --> 00:06:39,919 Speaker 1: point out and then ultimately we need to have trade 113 00:06:39,960 --> 00:06:42,240 Speaker 1: deals that protect the interests of the American people and 114 00:06:42,240 --> 00:06:44,920 Speaker 1: that we need to stop giving um federal government to 115 00:06:44,920 --> 00:06:48,160 Speaker 1: stopped giving contracts to companies that would shave American jobs overseas. 116 00:06:48,160 --> 00:06:50,040 Speaker 1: And that's a part of this equation that really breaks 117 00:06:50,080 --> 00:06:52,800 Speaker 1: through to vote who are concerned about what these candidates 118 00:06:52,839 --> 00:06:55,279 Speaker 1: are doing to immediately impact their lives, who might not 119 00:06:55,360 --> 00:06:58,440 Speaker 1: understand what's going on with FX markets, etcetera. Brianna Joy 120 00:06:58,480 --> 00:07:01,400 Speaker 1: Gray here making political sense of what it all means 121 00:07:01,400 --> 00:07:03,680 Speaker 1: on the campaign of the US trying to trade talks. 122 00:07:03,720 --> 00:07:07,919 Speaker 1: Antoincy Right also here Democratic strategists. So it hasn't picked 123 00:07:08,640 --> 00:07:11,440 Speaker 1: a candidate yet. You haven't picked a haven't picked your 124 00:07:11,720 --> 00:07:15,080 Speaker 1: hitched your whatever. That expressed his wagonet. You always have 125 00:07:15,120 --> 00:07:17,360 Speaker 1: the best expressions, and I try to keep up. He 126 00:07:17,400 --> 00:07:18,640 Speaker 1: came in and I was like, I need an iPhone 127 00:07:18,680 --> 00:07:20,240 Speaker 1: charger and he's like, I got your apple juice, and 128 00:07:20,240 --> 00:07:21,720 Speaker 1: I was like, I didn't, And then it hit me 129 00:07:21,760 --> 00:07:24,280 Speaker 1: what he meant getting it back on topic. You hear 130 00:07:24,360 --> 00:07:29,360 Speaker 1: Brianna talk about how there is this this fascinating, interesting 131 00:07:29,480 --> 00:07:33,760 Speaker 1: dynamic where the political ideological lines are blurred in terms 132 00:07:33,800 --> 00:07:36,640 Speaker 1: of the issue of trade policy. Well, I think that 133 00:07:36,960 --> 00:07:39,480 Speaker 1: the one thing the President has been able to do, 134 00:07:39,800 --> 00:07:42,960 Speaker 1: um he's demonstrated this time and time again, is to 135 00:07:43,200 --> 00:07:47,920 Speaker 1: hoodwink the American people. Everything he does is for the 136 00:07:47,960 --> 00:07:51,720 Speaker 1: little man, or it benefits everyday working people or the 137 00:07:51,800 --> 00:07:54,840 Speaker 1: people who since they've been left out of this process. 138 00:07:55,320 --> 00:07:58,680 Speaker 1: I think he's been very good at hoodwinking people about that. 139 00:07:59,000 --> 00:08:00,920 Speaker 1: But when I look at r and I look at 140 00:08:00,960 --> 00:08:04,040 Speaker 1: the results of his approach, to trade policy. What we 141 00:08:04,160 --> 00:08:07,080 Speaker 1: do is know is the people who participate the least 142 00:08:07,400 --> 00:08:11,680 Speaker 1: impact the most, impact the most. And therefore, when when 143 00:08:11,720 --> 00:08:14,160 Speaker 1: when he does these trade negotiations with China win in 144 00:08:14,160 --> 00:08:16,680 Speaker 1: the middle of the trade war, every day people pay 145 00:08:16,760 --> 00:08:19,560 Speaker 1: more for services and as a result, those people that 146 00:08:19,640 --> 00:08:22,840 Speaker 1: he presented the argument he was advocating for end up 147 00:08:22,880 --> 00:08:24,960 Speaker 1: being hurt as a result of that. I think that's 148 00:08:25,000 --> 00:08:28,320 Speaker 1: absolutely right. I mean, we're looking at um back to 149 00:08:28,360 --> 00:08:31,679 Speaker 1: school shopping season coming up in American consumers heading into 150 00:08:31,720 --> 00:08:34,319 Speaker 1: stores for one of the biggest, bigger shops of the year, 151 00:08:34,640 --> 00:08:38,280 Speaker 1: negatively impacted by the rising cause of you know, goods, 152 00:08:38,640 --> 00:08:42,400 Speaker 1: many of water or manufacturing in China. And Donald Trump, 153 00:08:42,679 --> 00:08:45,160 Speaker 1: at the end of the day, has lied. He's misled 154 00:08:45,200 --> 00:08:47,679 Speaker 1: the American people. He ran on a lot of false promises. 155 00:08:47,880 --> 00:08:50,560 Speaker 1: And now it's incumbent on folks running in twenty to 156 00:08:50,640 --> 00:08:54,199 Speaker 1: point that out and not just knee jerk um disagree 157 00:08:54,200 --> 00:08:56,240 Speaker 1: with him when a lot of American people don't actually 158 00:08:56,240 --> 00:08:59,679 Speaker 1: know that he hasn't fulfilled as promises. I think it's 159 00:08:59,720 --> 00:09:02,360 Speaker 1: this ential tension for Trump as he goes into on 160 00:09:02,400 --> 00:09:05,240 Speaker 1: this issue, because on one hand, he really benefited in 161 00:09:06,280 --> 00:09:09,600 Speaker 1: from being the candidate who is going to be toughest 162 00:09:09,640 --> 00:09:11,720 Speaker 1: on China. But on the other hand, he needs to 163 00:09:11,760 --> 00:09:15,880 Speaker 1: maintain the strong economy to have any decent chance of winning. 164 00:09:15,920 --> 00:09:18,640 Speaker 1: In so that the need to sort of balance those 165 00:09:18,640 --> 00:09:20,800 Speaker 1: two imperatives. He doesn't want to be soft on China, 166 00:09:20,840 --> 00:09:22,360 Speaker 1: but he don't want to push too far and hurt 167 00:09:22,400 --> 00:09:24,280 Speaker 1: the economy. You know, I was struck by this. I 168 00:09:24,320 --> 00:09:26,360 Speaker 1: was talking with the source of the Treasury Department earlier 169 00:09:26,480 --> 00:09:30,640 Speaker 1: this afternoon, who who really raised this point? And and 170 00:09:31,640 --> 00:09:34,960 Speaker 1: I'm curious for for your take on this, Jeffrey, right, 171 00:09:34,960 --> 00:09:37,600 Speaker 1: because it forces Treasury Secretary Monution to work with the 172 00:09:37,600 --> 00:09:41,280 Speaker 1: International Monetary Fund. And we're talking about all the jockeying 173 00:09:41,320 --> 00:09:43,200 Speaker 1: for the for the positioning for the fight for the 174 00:09:43,240 --> 00:09:46,680 Speaker 1: Democratic Party. There's a transition of power happening right now 175 00:09:46,760 --> 00:09:48,760 Speaker 1: at the i m F. So this puts the i 176 00:09:48,920 --> 00:09:51,560 Speaker 1: m F front and center in all of this as 177 00:09:51,600 --> 00:09:56,119 Speaker 1: well too. It does I think, whether conveniently or inconveniently, 178 00:09:56,160 --> 00:09:58,160 Speaker 1: depending on where you're sitting, the i m F is 179 00:09:58,280 --> 00:10:02,120 Speaker 1: in no position to actually make any changes on this issue. 180 00:10:02,160 --> 00:10:04,880 Speaker 1: I mean that the Chinese are not ten or orders 181 00:10:04,880 --> 00:10:07,280 Speaker 1: from the i m F. The the Europeans and the Japanese, 182 00:10:07,320 --> 00:10:09,959 Speaker 1: the other two major central banks in the world are 183 00:10:09,960 --> 00:10:12,040 Speaker 1: by no means united with the US in terms of 184 00:10:12,080 --> 00:10:14,839 Speaker 1: the need to weaken the dollars. So my guess is 185 00:10:14,880 --> 00:10:17,400 Speaker 1: that the I m F is a place to push 186 00:10:17,400 --> 00:10:20,800 Speaker 1: Trump's concerns where they will be sort of safe for 187 00:10:20,880 --> 00:10:23,040 Speaker 1: a few months and not hurt anybody. And do you 188 00:10:23,160 --> 00:10:26,839 Speaker 1: think that this puts any pressure on J. Powell at 189 00:10:26,840 --> 00:10:30,400 Speaker 1: the Federal Reserve? And you're you're not in your head. Definitely, 190 00:10:30,880 --> 00:10:34,040 Speaker 1: Powell was under substantial pressure beforehand. I think even more 191 00:10:34,080 --> 00:10:38,640 Speaker 1: so now because uh he Trump will push him to 192 00:10:38,640 --> 00:10:42,040 Speaker 1: continue cutting rates, which would essentially accomplish some of the 193 00:10:42,040 --> 00:10:44,120 Speaker 1: same the same things that Trump wanted to do by 194 00:10:44,120 --> 00:10:48,720 Speaker 1: weakening the dollars. So go ahead, awesome, Kevin. I think 195 00:10:48,800 --> 00:10:53,600 Speaker 1: that sometimes that's who in this business we talk um, 196 00:10:53,640 --> 00:10:56,560 Speaker 1: that it gets lost to the everyday person and how 197 00:10:56,679 --> 00:10:59,640 Speaker 1: impacts them when we talk about trade. If you ask 198 00:10:59,679 --> 00:11:01,839 Speaker 1: the more person on the street, they have no idea 199 00:11:01,880 --> 00:11:04,760 Speaker 1: what trade means, right, But when you start talking about 200 00:11:04,800 --> 00:11:06,840 Speaker 1: goods and services and they have to pay more for 201 00:11:07,400 --> 00:11:10,840 Speaker 1: pencils or paper, or pay more for their gas, that's 202 00:11:10,840 --> 00:11:13,160 Speaker 1: when the rubber meets the roll for everyday people. And 203 00:11:13,280 --> 00:11:15,360 Speaker 1: one thing the president has been able to do and 204 00:11:15,400 --> 00:11:18,320 Speaker 1: Democrats have not mastered the art of holding him accountle 205 00:11:18,400 --> 00:11:21,319 Speaker 1: for this is saying that he's for these things, that 206 00:11:21,320 --> 00:11:23,600 Speaker 1: it's going to help them, but we haven't been able 207 00:11:23,640 --> 00:11:26,240 Speaker 1: to pinpoint how it hurts them. And I think if 208 00:11:26,240 --> 00:11:29,200 Speaker 1: we're gonna be successful in I think we have to 209 00:11:29,240 --> 00:11:31,440 Speaker 1: really match him down for kind of how he's hurt 210 00:11:31,480 --> 00:11:34,400 Speaker 1: these people versus helping them. Coming up, we're gonna talk 211 00:11:34,440 --> 00:11:37,360 Speaker 1: more policy and politics with an all star panel. Brianna 212 00:11:37,440 --> 00:11:39,840 Speaker 1: Joy Gray from the Sanders campaign is here, Antoine ce 213 00:11:40,040 --> 00:11:43,160 Speaker 1: Right and your Asia groups Jeffrey Right. You can download 214 00:11:43,160 --> 00:11:46,560 Speaker 1: the Bloomberg sound On podcasts on Apple iTunes, at Bloomberg 215 00:11:46,559 --> 00:11:48,959 Speaker 1: dot com, or by downloading the Bloomberg Business app. You 216 00:11:48,960 --> 00:11:52,200 Speaker 1: can also find us on Radio dot Com, I Heart Radio, 217 00:11:52,280 --> 00:11:55,560 Speaker 1: and Spotify. I'm Kevin Cirelli, Chief Washington correspondent from Bloomberg 218 00:11:55,600 --> 00:12:06,480 Speaker 1: Television and Bloomberg Radio. You're listening to Bloomberg. You're listening 219 00:12:06,559 --> 00:12:11,160 Speaker 1: to Bloomberg Sound On with Kevin Currele on Bloomberg and 220 00:12:11,200 --> 00:12:13,880 Speaker 1: one oh five point seven FM h D two. I'm 221 00:12:13,960 --> 00:12:17,800 Speaker 1: Kevin Sirelli, Chief Washington correspondent from Bloomberg Television and Bloomberg 222 00:12:17,880 --> 00:12:21,280 Speaker 1: Radio A Dizzying day on twenty four hours in American 223 00:12:21,360 --> 00:12:24,760 Speaker 1: trade policy, I guess with me here in studio your 224 00:12:24,800 --> 00:12:28,560 Speaker 1: Asia groups, Jeffrey Wright. We also have got democratic strategists 225 00:12:28,600 --> 00:12:31,920 Speaker 1: Antoine C. Right and Brianna Joy Gray, who was the 226 00:12:32,040 --> 00:12:36,160 Speaker 1: national Press secretary to Bernie Sanders campaign. We were talking 227 00:12:36,160 --> 00:12:38,679 Speaker 1: earlier about trade about US and China, but you had 228 00:12:38,679 --> 00:12:40,600 Speaker 1: alluded to U S. M. C a en after two 229 00:12:40,600 --> 00:12:43,520 Speaker 1: point I was in Detroit, and first of all, I 230 00:12:43,600 --> 00:12:45,920 Speaker 1: was the nerd in me and not even nerd like 231 00:12:46,280 --> 00:12:48,600 Speaker 1: I was surprised that trade didn't get more pick up 232 00:12:48,600 --> 00:12:52,240 Speaker 1: in the Motor city. Yeah, I'm not surprised. I'm not surprised. 233 00:12:52,240 --> 00:12:54,240 Speaker 1: I'm disappointed, but not surprised. Look, when I was there 234 00:12:54,320 --> 00:12:57,680 Speaker 1: about a week before the a CP conference, I found 235 00:12:57,679 --> 00:13:02,520 Speaker 1: myself in conversations about trade with various random the members 236 00:13:02,520 --> 00:13:04,560 Speaker 1: of the community that came up to strike up conversation 237 00:13:04,640 --> 00:13:08,400 Speaker 1: with me. Um at the conference. It's on the minds 238 00:13:08,400 --> 00:13:10,520 Speaker 1: of average Americans in a way that I don't think 239 00:13:10,600 --> 00:13:13,280 Speaker 1: is reflected by the political establishment. I mean, I think 240 00:13:13,280 --> 00:13:15,880 Speaker 1: there is since that a certain kind of conversation can 241 00:13:15,880 --> 00:13:18,440 Speaker 1: be wonky, but a conversation about jobs. I mean, when 242 00:13:18,440 --> 00:13:21,280 Speaker 1: you're talking to people who live in industrial centers, they 243 00:13:21,280 --> 00:13:24,240 Speaker 1: have a hyper awareness of what trade policies and are 244 00:13:24,280 --> 00:13:26,040 Speaker 1: going on and how they affect their lives in a 245 00:13:26,040 --> 00:13:27,760 Speaker 1: way that folks in the belt Way and on the 246 00:13:27,840 --> 00:13:30,959 Speaker 1: coast and other kinds of communities don't fully understand. I 247 00:13:31,000 --> 00:13:32,520 Speaker 1: want to pick up on this point because we were 248 00:13:32,520 --> 00:13:34,640 Speaker 1: talking about this the other day over coffee about how 249 00:13:35,200 --> 00:13:37,960 Speaker 1: there is the belt Way doesn't when when when the 250 00:13:37,960 --> 00:13:40,280 Speaker 1: belt Way to trade? He talks about trade to talk about, 251 00:13:40,520 --> 00:13:44,800 Speaker 1: you know, uh, trading stocks. But when Americans talk about trade, 252 00:13:44,840 --> 00:13:46,840 Speaker 1: whether it's in Delco where I grew up, or in 253 00:13:47,280 --> 00:13:51,600 Speaker 1: rural Vermont where your boss is currently senator, or rural America, 254 00:13:51,720 --> 00:13:54,480 Speaker 1: I mean soy means in the press ordinam this is 255 00:13:54,800 --> 00:13:59,400 Speaker 1: really impacting the farmer's ability to lead, you know, provide 256 00:13:59,760 --> 00:14:01,760 Speaker 1: for their family. I want to play for you what 257 00:14:01,840 --> 00:14:04,960 Speaker 1: Larry Cudlow said, he's the director of the National Economic 258 00:14:05,000 --> 00:14:07,520 Speaker 1: Council said earlier today when he was briefing US reporters 259 00:14:07,520 --> 00:14:09,840 Speaker 1: at the White House this morning. Take a listen to 260 00:14:09,960 --> 00:14:13,160 Speaker 1: what he said about farmers in particular and how they're 261 00:14:13,200 --> 00:14:15,480 Speaker 1: impacted by trade and then I want to get your response. 262 00:14:15,520 --> 00:14:19,520 Speaker 1: Here's Larry Cudlow. We're planning for the Chinese to come 263 00:14:19,560 --> 00:14:22,960 Speaker 1: here next month, um, and if there's a good deal 264 00:14:23,040 --> 00:14:28,280 Speaker 1: or good progress, he may reconsider some things. But similarly 265 00:14:28,320 --> 00:14:31,840 Speaker 1: he has also said if there's no good deal, no progress, 266 00:14:31,840 --> 00:14:34,440 Speaker 1: he may also reconsider some things on the other side. 267 00:14:34,800 --> 00:14:36,360 Speaker 1: So that was what he said. The Chinese are still 268 00:14:36,360 --> 00:14:38,800 Speaker 1: planning to come here. Said about farmers, Look, we are 269 00:14:38,800 --> 00:14:42,600 Speaker 1: helping them with assistance as much as we can. UM. 270 00:14:42,680 --> 00:14:45,160 Speaker 1: A lot of times the farmers, you know, don't like 271 00:14:45,240 --> 00:14:48,960 Speaker 1: the assistance. They're hardy types, they're old time free market 272 00:14:48,960 --> 00:14:51,840 Speaker 1: work types. But we are sure we're helping them as 273 00:14:51,920 --> 00:14:53,960 Speaker 1: much as we can. We will help them more if 274 00:14:54,000 --> 00:14:58,080 Speaker 1: need be. When you are putting American position where we 275 00:14:58,120 --> 00:15:00,560 Speaker 1: have a trade deals that are not advent pages to 276 00:15:01,000 --> 00:15:05,560 Speaker 1: working people farmers, um, and then subsidizing people on the 277 00:15:05,600 --> 00:15:07,840 Speaker 1: back end. You know, he talks about farmers being self 278 00:15:07,840 --> 00:15:10,200 Speaker 1: sufficient and not wanting to take help, but we're putting 279 00:15:10,200 --> 00:15:13,280 Speaker 1: people in a position where it's not that's not what's happening. 280 00:15:13,520 --> 00:15:16,000 Speaker 1: How it's been economically right. So again you get in 281 00:15:16,080 --> 00:15:20,360 Speaker 1: this situation where the broken cloth twice is right twice 282 00:15:20,360 --> 00:15:22,240 Speaker 1: a day. And and there are people who talk about 283 00:15:22,280 --> 00:15:24,320 Speaker 1: people who like Bernie and Donald Trump in two thousand 284 00:15:24,360 --> 00:15:27,640 Speaker 1: and six, what could that be? And there are a 285 00:15:27,680 --> 00:15:29,960 Speaker 1: lot of people who raise this negative implication that it's 286 00:15:29,960 --> 00:15:33,840 Speaker 1: because Bernie Standers is somehow um engage in the same 287 00:15:33,960 --> 00:15:37,680 Speaker 1: kind of zelotry, right wing zelotry that Donald Trump engaged in, 288 00:15:37,720 --> 00:15:41,440 Speaker 1: which is patently and obviously untrue. Where there are some 289 00:15:41,560 --> 00:15:45,760 Speaker 1: similarities is where in the rhetoric about trade and the 290 00:15:45,800 --> 00:15:49,680 Speaker 1: desire to preserve the interests of American workers. And once again, 291 00:15:49,720 --> 00:15:51,440 Speaker 1: I want to be really really clear about the fact 292 00:15:51,480 --> 00:15:53,040 Speaker 1: that I use the word rhetoric because when it comes 293 00:15:53,040 --> 00:15:55,200 Speaker 1: to Donald Trump, that's all it is. It was a 294 00:15:55,200 --> 00:15:57,560 Speaker 1: lot of bluster that did follow through with respect to 295 00:15:57,600 --> 00:16:00,720 Speaker 1: pop Bernards has a long record of actually voting the 296 00:16:00,800 --> 00:16:03,320 Speaker 1: right way on trade policies, and I think that that's 297 00:16:03,320 --> 00:16:06,800 Speaker 1: what attracted Americans, especially Americans in the Midwest and states 298 00:16:06,800 --> 00:16:08,640 Speaker 1: that went for Bernie Sanders and where he continues to 299 00:16:08,680 --> 00:16:11,880 Speaker 1: be extremely popular. Why they're on his side. Brianna Joy Gray, 300 00:16:11,920 --> 00:16:15,600 Speaker 1: she's national petery to Bernie Standers presidential campaign. Jeffrey Wright 301 00:16:15,760 --> 00:16:18,320 Speaker 1: was your Asia Group analyst here, and I feel like 302 00:16:18,400 --> 00:16:21,560 Speaker 1: I'm watching your mind formulate your next year Asia group note, 303 00:16:21,600 --> 00:16:25,440 Speaker 1: because what what she just said is why my question 304 00:16:25,520 --> 00:16:28,080 Speaker 1: to you now is if you're President Si jing Ping 305 00:16:28,400 --> 00:16:31,120 Speaker 1: and you think that you're playing a long term game, 306 00:16:31,400 --> 00:16:34,040 Speaker 1: that you're going to out Trump Trump in a one 307 00:16:34,160 --> 00:16:36,720 Speaker 1: term or a two year presidency and wait till the 308 00:16:36,760 --> 00:16:41,480 Speaker 1: next administration, well, there are progressives who quite frankly, have 309 00:16:42,120 --> 00:16:46,360 Speaker 1: shown in the past ten years, five years, two years 310 00:16:46,760 --> 00:16:50,840 Speaker 1: that they are influencing the ideology of the Democratic Party 311 00:16:51,200 --> 00:16:54,840 Speaker 1: and on trade, case and point. There are similarities, there 312 00:16:54,880 --> 00:16:58,520 Speaker 1: are there are also Democrats field like Joe Biden, who 313 00:16:58,560 --> 00:17:03,040 Speaker 1: are much different. Uh. I don't honestly think, despite what 314 00:17:03,040 --> 00:17:05,520 Speaker 1: Trump has said, that the Chinese play that game a 315 00:17:05,520 --> 00:17:07,600 Speaker 1: whole lot of trying to think about who's going to 316 00:17:07,640 --> 00:17:09,440 Speaker 1: be the next president and what deal they could get 317 00:17:09,480 --> 00:17:11,680 Speaker 1: from them. I think if you're sitting in Beijing, the 318 00:17:12,040 --> 00:17:15,280 Speaker 1: much more worrying long term development is about the way 319 00:17:15,320 --> 00:17:18,159 Speaker 1: that both parties in the US and especially the business 320 00:17:18,160 --> 00:17:23,400 Speaker 1: community are losing their interest in defending China, which even 321 00:17:23,560 --> 00:17:26,440 Speaker 1: five years ago the business community was China's best ally 322 00:17:26,520 --> 00:17:29,240 Speaker 1: here and the fact that that has changed in both 323 00:17:29,280 --> 00:17:32,879 Speaker 1: parties relatively quickly. I think he's a very connected development 324 00:17:32,880 --> 00:17:34,320 Speaker 1: from Jeffrey Read, I know you have to get out 325 00:17:34,320 --> 00:17:36,600 Speaker 1: of here. Said this one final question to you, sir, 326 00:17:37,520 --> 00:17:41,919 Speaker 1: what is the next development that between US China trade 327 00:17:41,920 --> 00:17:45,000 Speaker 1: relations for the very storm like twenty four or four 328 00:17:45,000 --> 00:17:49,720 Speaker 1: to eight hours. Uh. The big one is what happens, 329 00:17:49,840 --> 00:17:53,879 Speaker 1: if anything, with licenses for US companies to sell to Huawei, 330 00:17:53,920 --> 00:17:59,280 Speaker 1: the Chinese telecom giants. So it's the deadline for that. Well, 331 00:17:59,320 --> 00:18:01,640 Speaker 1: they said that it would issue licenses this week. They 332 00:18:01,640 --> 00:18:03,640 Speaker 1: haven't done it, and I think they probably won't given 333 00:18:03,720 --> 00:18:08,240 Speaker 1: what happened yesterday. But there's also looming the nineteen August 334 00:18:08,320 --> 00:18:12,359 Speaker 1: deadline to renew the temporary General license for Huawei, which 335 00:18:13,240 --> 00:18:16,520 Speaker 1: could be another inflection point in this struggle that it's 336 00:18:16,560 --> 00:18:20,760 Speaker 1: just the beginning. Come out panel stays. Uh. Your Asia group, 337 00:18:20,800 --> 00:18:22,760 Speaker 1: Jeffrey Ray, thanks for coming to me. Appreciate you helping 338 00:18:22,840 --> 00:18:25,600 Speaker 1: us translate all of the wonkiness. For all of this, 339 00:18:25,680 --> 00:18:28,600 Speaker 1: you can download the Bloomberg Sound on podcast on Apple, 340 00:18:28,640 --> 00:18:31,080 Speaker 1: I Tunes, Zooberg dot com, or by downloading the Bloomberg 341 00:18:31,080 --> 00:18:33,160 Speaker 1: Business app. You can also us on Radio dot com, 342 00:18:33,200 --> 00:18:35,920 Speaker 1: I Heart Radio and Spotify coming up or talk to 343 00:18:35,920 --> 00:18:39,640 Speaker 1: the n r A and its role in American politics, 344 00:18:39,680 --> 00:18:42,120 Speaker 1: and one Republican donor is going to join us who 345 00:18:42,200 --> 00:18:47,639 Speaker 1: is urging that Republicans distanced themselves from the National Rifle Association. 346 00:18:47,920 --> 00:18:51,600 Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and 347 00:18:51,680 --> 00:18:56,920 Speaker 1: Bloomberg Radio, and you're listening to Bloomberg and Ida, I'm one. 348 00:18:58,320 --> 00:19:02,320 Speaker 1: You're lispening to Bloomberg on with Kevin Surley on Bloomberg 349 00:19:03,400 --> 00:19:05,840 Speaker 1: and one or five point seven f M h D two. 350 00:19:06,560 --> 00:19:10,800 Speaker 1: We're saying to Leader McConnell, do the right thing, gavel 351 00:19:10,920 --> 00:19:14,440 Speaker 1: the Senate into an emergency session so we can take 352 00:19:14,480 --> 00:19:21,800 Speaker 1: immediate action on the bipartisan already passed gun legislation that 353 00:19:22,040 --> 00:19:25,520 Speaker 1: was Senate min already. Leader Chuck Schumer, Democrat from New York, 354 00:19:25,600 --> 00:19:30,480 Speaker 1: speaking earlier about the two mass shootings that transpired over 355 00:19:30,520 --> 00:19:35,480 Speaker 1: the weekend, which has gripped the national attention UH and 356 00:19:35,680 --> 00:19:38,239 Speaker 1: calls for there to be some type of reform. Coming up, 357 00:19:38,240 --> 00:19:41,800 Speaker 1: We're gonna hear from Dan Eberhardt. He's CEO of Canary LLC, 358 00:19:42,440 --> 00:19:45,280 Speaker 1: which was one of the largest independent oil field services 359 00:19:45,320 --> 00:19:48,480 Speaker 1: companies in the United States. He's a Republican donor, a 360 00:19:48,520 --> 00:19:52,560 Speaker 1: big time Republican donor who supports President Trump and is 361 00:19:52,640 --> 00:19:55,440 Speaker 1: urging the Republican Party to distance itself from the National 362 00:19:56,000 --> 00:19:59,720 Speaker 1: Rifle Association. My guest with me here in studio and 363 00:20:00,040 --> 00:20:04,159 Speaker 1: on seewright, Democratic strategist Brianna Joy Gray, Bernie Sanders campaign 364 00:20:04,240 --> 00:20:10,679 Speaker 1: national press secretary, and Tyler Pager Bloomberg News national political reporter. 365 00:20:10,800 --> 00:20:12,880 Speaker 1: When he's not on the campaign trail, he hangs out 366 00:20:12,920 --> 00:20:15,760 Speaker 1: here in Bloomberg Studios. Tyler, how have all of the 367 00:20:15,760 --> 00:20:20,359 Speaker 1: different president Democratic presidential candidates been reacting to the medicine 368 00:20:20,359 --> 00:20:23,000 Speaker 1: President's response to it? Yeah, it's great to be here. 369 00:20:23,000 --> 00:20:26,119 Speaker 1: And and I think we saw an escalation of rhetoric 370 00:20:26,280 --> 00:20:29,159 Speaker 1: from the Democratic presidential candidates. They a lot of them 371 00:20:29,160 --> 00:20:31,960 Speaker 1: are taking their candescies on criticizing President Trump. But it 372 00:20:32,040 --> 00:20:34,800 Speaker 1: really was in the past few days we saw better 373 00:20:34,880 --> 00:20:38,240 Speaker 1: or Roor cursing about it. We saw Corey Booker cursing, 374 00:20:38,480 --> 00:20:40,720 Speaker 1: we saw Tim Ryan cursing. I think a lot of 375 00:20:40,760 --> 00:20:44,199 Speaker 1: them have kind of just lost it with with the 376 00:20:44,240 --> 00:20:47,320 Speaker 1: inaction on gun control um. And and I think it's 377 00:20:47,320 --> 00:20:49,640 Speaker 1: also unified the party to a certain extent. I think 378 00:20:49,680 --> 00:20:52,560 Speaker 1: after the for the debates. There was a lot of 379 00:20:52,560 --> 00:20:55,119 Speaker 1: talk about the division over healthcare, about Medicare for All 380 00:20:55,280 --> 00:20:59,000 Speaker 1: versus more moderate proposals for expanding Obamacare, And I think 381 00:20:59,040 --> 00:21:01,720 Speaker 1: this is one of where we see kind of unification 382 00:21:01,800 --> 00:21:04,280 Speaker 1: of the candidates over over an issue that they largely 383 00:21:04,320 --> 00:21:08,080 Speaker 1: agree upon. Brianna, what would President Bernie Sanders do on 384 00:21:08,119 --> 00:21:10,520 Speaker 1: the issue of gun control? Yeah, I think that he's 385 00:21:10,560 --> 00:21:12,640 Speaker 1: he said that on the news yesterday. You know, one 386 00:21:13,040 --> 00:21:15,040 Speaker 1: he thinks Mitch McConnell needs to we can be in 387 00:21:15,080 --> 00:21:17,239 Speaker 1: the Senate to vote on Commons sence gun perform um, 388 00:21:17,320 --> 00:21:19,320 Speaker 1: to be really clear about that. And there's also a 389 00:21:19,400 --> 00:21:21,560 Speaker 1: number of things you can do executive action wise. You know, 390 00:21:21,560 --> 00:21:26,120 Speaker 1: Bernie Sanders has voted repeatedly UM for you know, constance 391 00:21:26,119 --> 00:21:31,240 Speaker 1: gun legislation, UM, universal background checks, closing the gun show 392 00:21:31,240 --> 00:21:35,000 Speaker 1: loophole um. And in addition, he has talked recently about 393 00:21:35,359 --> 00:21:38,560 Speaker 1: potentially having a federal buyback program. It's something that's been 394 00:21:38,640 --> 00:21:41,760 Speaker 1: very successfully implemented in Australia. They did it once in 395 00:21:41,760 --> 00:21:43,639 Speaker 1: the nineties and again in the early odds, bought back 396 00:21:43,680 --> 00:21:46,600 Speaker 1: something like all of the guns in Australia and saw 397 00:21:46,760 --> 00:21:52,119 Speaker 1: a dramatic decline in gun related deaths, both suicides and homicides. 398 00:21:52,320 --> 00:21:58,240 Speaker 1: You know, I lived through Charleston, South Carolina, where one 399 00:21:58,280 --> 00:22:02,960 Speaker 1: of them was a client friend who often at least 400 00:22:03,000 --> 00:22:04,679 Speaker 1: wants a mom to have to look his two daughters 401 00:22:04,720 --> 00:22:07,600 Speaker 1: and his wife in the face. Um about life after 402 00:22:07,640 --> 00:22:10,560 Speaker 1: what it looks like the fact that with four years 403 00:22:10,640 --> 00:22:14,200 Speaker 1: from that now and nothing has been done says everything. 404 00:22:14,280 --> 00:22:16,960 Speaker 1: That's what's wrong with the current environment in this country. 405 00:22:17,640 --> 00:22:20,840 Speaker 1: What we know is the House Democrats have passed two 406 00:22:20,880 --> 00:22:25,440 Speaker 1: pieces of legislation that is supported by of the American people, 407 00:22:25,480 --> 00:22:29,760 Speaker 1: Democrats and Republicans. Simple things. Uh. Some would argue that 408 00:22:29,800 --> 00:22:32,520 Speaker 1: it won't change the thing, but I would argue, if 409 00:22:32,560 --> 00:22:35,240 Speaker 1: it saves one life, if it saves some mother from 410 00:22:35,240 --> 00:22:37,640 Speaker 1: having to plan a funeral or some father from having 411 00:22:37,680 --> 00:22:40,880 Speaker 1: attend the funeral, then we've done something. You know. Senator 412 00:22:40,880 --> 00:22:44,160 Speaker 1: Pat Toomey, a Republican from Pennsylvania, my home state where 413 00:22:44,200 --> 00:22:47,959 Speaker 1: I grew up after the Sandy Hook massacre, worked with 414 00:22:48,119 --> 00:22:51,240 Speaker 1: Senator Joe Mansion, a Democrat from West Virginia on the 415 00:22:51,600 --> 00:22:54,960 Speaker 1: Mansion to me to me mentioned bipartisan gun legislation that 416 00:22:55,160 --> 00:22:58,760 Speaker 1: didn't pass. It wasn't able to get enough votes. Well, Uh, 417 00:22:58,880 --> 00:23:01,840 Speaker 1: Senator pat to me is again speaking out urging there 418 00:23:01,880 --> 00:23:06,720 Speaker 1: to be a more uh better gun laws. Take a 419 00:23:06,760 --> 00:23:08,760 Speaker 1: listen to what Senator paths Toom you had to say earlier. 420 00:23:09,400 --> 00:23:13,479 Speaker 1: The idea is a simple one. Focus on keeping guns 421 00:23:13,560 --> 00:23:16,000 Speaker 1: out of the hands of people who have no business 422 00:23:16,040 --> 00:23:20,080 Speaker 1: having guns in the first place. Those are violent criminals, 423 00:23:20,600 --> 00:23:27,840 Speaker 1: the dangerously mentally ill, and terrorists. You know this, This 424 00:23:27,880 --> 00:23:30,199 Speaker 1: has become a bit of a flash point in the 425 00:23:30,280 --> 00:23:33,760 Speaker 1: conversation over the last few days, and and that's the 426 00:23:33,800 --> 00:23:35,919 Speaker 1: issue of mental illness. And I don't think that anyone 427 00:23:35,960 --> 00:23:39,199 Speaker 1: would disagree that mental illness broadly is a concern in 428 00:23:39,200 --> 00:23:41,119 Speaker 1: this country. I think it's a really important point to 429 00:23:41,160 --> 00:23:43,920 Speaker 1: make that under Medicare for All, under Bernie Sanders medic 430 00:23:43,920 --> 00:23:47,480 Speaker 1: Care for All bill, that would also mean free psychological support, 431 00:23:47,840 --> 00:23:53,080 Speaker 1: free mental health care for all Americans. But unfortunately Republicans 432 00:23:53,119 --> 00:23:58,600 Speaker 1: repeatedly used mental health as a excuse not to pursue 433 00:23:58,960 --> 00:24:03,080 Speaker 1: other kinds of reform that have been demonstrated as to 434 00:24:03,160 --> 00:24:06,320 Speaker 1: be helpful in other countries and in America as well. 435 00:24:07,600 --> 00:24:09,800 Speaker 1: So there's a way that they say what has caused 436 00:24:09,920 --> 00:24:13,359 Speaker 1: this event, the but for cause of these instances of 437 00:24:13,440 --> 00:24:16,359 Speaker 1: violence is the mental health of the perpetrator. Mind, do 438 00:24:16,440 --> 00:24:20,080 Speaker 1: they only speak that way when the perpetrator is a 439 00:24:21,040 --> 00:24:24,400 Speaker 1: when American who they can't um attribute, you know, other 440 00:24:24,680 --> 00:24:28,359 Speaker 1: you know, a religious or racial um impetus to write. 441 00:24:28,600 --> 00:24:31,080 Speaker 1: So what you see is it becomes a pretext instead 442 00:24:31,080 --> 00:24:33,320 Speaker 1: of a genuine um something that they're talking about. It 443 00:24:33,440 --> 00:24:36,359 Speaker 1: what seems to be genuine interest. So it's not that 444 00:24:36,400 --> 00:24:39,080 Speaker 1: it's an either word conversation, but there is a there 445 00:24:39,160 --> 00:24:41,359 Speaker 1: is a pushback from the Democrats to say, let's not 446 00:24:41,400 --> 00:24:44,199 Speaker 1: make this conversation exclusively about mental illness, because that's what 447 00:24:44,200 --> 00:24:46,280 Speaker 1: you've been doing to prevent a conversation about the kinds 448 00:24:46,280 --> 00:24:49,199 Speaker 1: of gun reform that are frankly um supported by a 449 00:24:49,320 --> 00:24:51,879 Speaker 1: majority of not just Republicans, but a majority of n 450 00:24:51,960 --> 00:24:55,680 Speaker 1: r A members well, speaking of the National Rightful Association. 451 00:24:55,800 --> 00:24:58,800 Speaker 1: Joining us on the telephone line is Dan Eberhart, CEO 452 00:24:59,400 --> 00:25:02,200 Speaker 1: of Canary LLLC, which is one of the largest independent 453 00:25:02,240 --> 00:25:05,520 Speaker 1: oil field services companies in the United States. Dan is 454 00:25:05,560 --> 00:25:11,520 Speaker 1: a Republican, a Republican donor who sports President Trump. And Dan, 455 00:25:11,600 --> 00:25:13,399 Speaker 1: first of all, thank you for being here and and 456 00:25:13,440 --> 00:25:16,800 Speaker 1: I was reading on the Bloomberg terminal today just about 457 00:25:16,840 --> 00:25:20,640 Speaker 1: your quoted about urging the Republicans to distance themselves from 458 00:25:20,640 --> 00:25:25,480 Speaker 1: the National Rifle Association. Why is that so important? Well, 459 00:25:25,480 --> 00:25:28,200 Speaker 1: I think that the if the Republican Party doesn't uh, 460 00:25:28,720 --> 00:25:30,880 Speaker 1: you know, provide a little bit of distance between themselves 461 00:25:30,920 --> 00:25:32,960 Speaker 1: the n r A, I think we're gonna lose suburban 462 00:25:33,040 --> 00:25:35,320 Speaker 1: voters in math even more than we did in the 463 00:25:35,359 --> 00:25:38,040 Speaker 1: twenty eighteen mid terms. And I think it's important and 464 00:25:38,119 --> 00:25:41,399 Speaker 1: that you know, the gun violence is a systemic, is 465 00:25:41,440 --> 00:25:45,840 Speaker 1: an epidemic right now, and the Republicans, the Democrats and everyone, 466 00:25:46,040 --> 00:25:49,040 Speaker 1: you know, Americans and general want of solution, not the 467 00:25:49,400 --> 00:25:51,840 Speaker 1: you know, business as usual, and the Republicans have a 468 00:25:51,920 --> 00:25:55,640 Speaker 1: habit of gun violence happens, and there's condolences and kind 469 00:25:55,680 --> 00:25:58,720 Speaker 1: of you know, talking and thoughtfulness, but deer in the 470 00:25:58,720 --> 00:26:01,080 Speaker 1: headlights on you know, what are solutions where they pour 471 00:26:01,520 --> 00:26:03,480 Speaker 1: going to stop the problem. And I think that that's 472 00:26:03,480 --> 00:26:05,760 Speaker 1: where that's what needs to change. So how do you 473 00:26:05,800 --> 00:26:07,240 Speaker 1: do that? Because you know this, I mean, there are 474 00:26:07,240 --> 00:26:10,240 Speaker 1: folks who support the n r A who argue that 475 00:26:10,640 --> 00:26:13,960 Speaker 1: if President Trump were to distance himself in this that 476 00:26:14,160 --> 00:26:16,199 Speaker 1: they would I mean, I mean, you don't even have 477 00:26:16,200 --> 00:26:18,200 Speaker 1: to go back even when when President Obama was in 478 00:26:18,240 --> 00:26:20,439 Speaker 1: the White House after Sandy Hook and the role in 479 00:26:20,440 --> 00:26:24,440 Speaker 1: the n r A in in that national conversation, how 480 00:26:24,480 --> 00:26:27,280 Speaker 1: do you how do you get the moderates in the 481 00:26:27,320 --> 00:26:30,040 Speaker 1: suburbs while distancing yourself from the n r A without 482 00:26:30,080 --> 00:26:35,840 Speaker 1: alienating the n r A and having the reverse policy 483 00:26:35,840 --> 00:26:39,359 Speaker 1: outcome as what you're calling for. So it's a it's 484 00:26:39,400 --> 00:26:41,320 Speaker 1: a matter of degrees. You can have a disagreement with 485 00:26:41,320 --> 00:26:42,800 Speaker 1: a spouse and still love them. You can have a 486 00:26:42,800 --> 00:26:45,760 Speaker 1: disagreement with the family member or co worker and suspect them. 487 00:26:45,800 --> 00:26:47,720 Speaker 1: I think the the example of the model is is 488 00:26:47,840 --> 00:26:51,439 Speaker 1: Rick Scott when he was governor after Parkland, UM you know, 489 00:26:51,600 --> 00:26:55,800 Speaker 1: pushed through legislation through the Florida House that increased the 490 00:26:55,960 --> 00:26:59,440 Speaker 1: um minimal make ship buy a gun from eight one 491 00:26:59,600 --> 00:27:02,680 Speaker 1: and did three day waiting creed. You know, those kind 492 00:27:02,720 --> 00:27:05,639 Speaker 1: of moderate measures that are common sense. I think, you know, 493 00:27:05,720 --> 00:27:08,040 Speaker 1: we'll show voters and show the American public that the 494 00:27:08,040 --> 00:27:10,920 Speaker 1: Republicans want to be part of the solution. While while 495 00:27:10,920 --> 00:27:13,960 Speaker 1: they may upset the n r A, um that they 496 00:27:14,000 --> 00:27:17,959 Speaker 1: helped to provide you know, space between space between the 497 00:27:18,080 --> 00:27:20,880 Speaker 1: r A and the political leaders in the Republican Party, 498 00:27:20,920 --> 00:27:25,040 Speaker 1: but also provide solution to are helpful to you know, 499 00:27:25,080 --> 00:27:28,600 Speaker 1: eradicating the gun violence epidemic, and something needs to be done. 500 00:27:28,600 --> 00:27:31,920 Speaker 1: Frankly and Eberhardt cry llc at an airport waiting to 501 00:27:31,960 --> 00:27:33,919 Speaker 1: board a flight. He's been so generous, but this time 502 00:27:33,960 --> 00:27:36,360 Speaker 1: he's got one more question for you. Dan, a Republican 503 00:27:36,400 --> 00:27:40,520 Speaker 1: donor who supports President Trump urging the Republicans citizens themselves 504 00:27:40,560 --> 00:27:45,000 Speaker 1: from the National Rightful Association. What you know, yesterday we 505 00:27:45,040 --> 00:27:48,080 Speaker 1: had Secretary Carson on from the administration and he was 506 00:27:48,119 --> 00:27:51,720 Speaker 1: talking about this has to be a bipartisan issue. When 507 00:27:51,720 --> 00:27:54,240 Speaker 1: I talked to Democratic staffers up on Capitol Hill today, 508 00:27:54,280 --> 00:27:56,919 Speaker 1: even in the Leadership Office, they urge that it be 509 00:27:57,000 --> 00:28:01,120 Speaker 1: a bipartisan issue. How do we get this to be 510 00:28:01,240 --> 00:28:05,760 Speaker 1: a by part nonpartisan issue. Well, I think we've got 511 00:28:05,760 --> 00:28:07,600 Speaker 1: to stop talking past each other, and we've got to 512 00:28:07,640 --> 00:28:10,040 Speaker 1: stop talking in echo chambers. I think that we need, 513 00:28:10,200 --> 00:28:12,280 Speaker 1: you know, more Democrats on Fox News, we need more 514 00:28:12,320 --> 00:28:15,600 Speaker 1: Republicans on MSNBC, and we need to show the voters 515 00:28:15,640 --> 00:28:18,560 Speaker 1: that look, look, you know, every everybody in the legislature 516 00:28:18,600 --> 00:28:21,480 Speaker 1: can rise above you know, the partisanship and drop the 517 00:28:21,520 --> 00:28:24,359 Speaker 1: D and drop the R and provide solutions. That's what 518 00:28:24,400 --> 00:28:26,280 Speaker 1: the American people want. I think this is a perfect 519 00:28:26,280 --> 00:28:28,760 Speaker 1: place to start. I think this is a serious problem 520 00:28:28,800 --> 00:28:33,680 Speaker 1: and the solution ary um involves people working together. And 521 00:28:33,880 --> 00:28:36,080 Speaker 1: no one is for gun violence, right, it doesn't matter 522 00:28:36,080 --> 00:28:38,720 Speaker 1: what your party affiliation is. I think the Republicans have 523 00:28:38,840 --> 00:28:40,640 Speaker 1: got to stop having this kind of deer in the headlights, 524 00:28:40,640 --> 00:28:42,880 Speaker 1: correct and waiting for the news cycle to path. And 525 00:28:42,920 --> 00:28:44,400 Speaker 1: I think they need to be part of the solution 526 00:28:44,920 --> 00:28:47,640 Speaker 1: or I think that they're going to be eradicated in 527 00:28:47,360 --> 00:28:51,080 Speaker 1: in the suburbs, all right. Danny Everhard, CEO of Canary LLC, 528 00:28:51,240 --> 00:28:55,000 Speaker 1: He's a Republican owner who supports President Trump. Appreciate the 529 00:28:55,080 --> 00:28:58,440 Speaker 1: time and as a disclaimer. Michael Bloomberg, owner of Bloomberg LP, 530 00:28:58,640 --> 00:29:02,040 Speaker 1: the parent company of Boomberg News, founded and helps fund 531 00:29:02,440 --> 00:29:06,000 Speaker 1: every Town for Gun Safety, and nonprofit that advocates for 532 00:29:06,200 --> 00:29:11,600 Speaker 1: universal background checks and other gun violence prevention measures. Coming up, 533 00:29:11,600 --> 00:29:15,360 Speaker 1: more politics and policy with Brianna Joy Gray, Bernie Sanders 534 00:29:15,440 --> 00:29:19,520 Speaker 1: campaign National press Secretary, Antoine C. Wright, a Democratic strategist, 535 00:29:19,760 --> 00:29:24,960 Speaker 1: and Tyler Pager, Bloomberg's national campaign reporter. Download The Bloomberg 536 00:29:25,040 --> 00:29:28,000 Speaker 1: Sound On podcast on Apple iTunes, at Bloomberg dot com 537 00:29:28,360 --> 00:29:30,520 Speaker 1: or by downloading the Bloomberg Business App. You can also 538 00:29:30,560 --> 00:29:33,480 Speaker 1: check us out on radio dot Com, I Heart Radio, 539 00:29:33,600 --> 00:29:37,440 Speaker 1: and Spotify. I'm Kevin Serelli, Chief Washington correspondent for Bloomberg 540 00:29:37,520 --> 00:29:45,240 Speaker 1: Television and Bloomberg Radio. And you're listening to Bloomberg. You're 541 00:29:45,280 --> 00:29:50,000 Speaker 1: listening to Bloomberg. Sound On with Crily on Bloomberg and 542 00:29:50,040 --> 00:29:52,200 Speaker 1: one oh five point seven f m h D two. 543 00:29:53,120 --> 00:29:56,400 Speaker 1: I'm Kevin Serelli, Chief Washington Corps on It for Bloomberg 544 00:29:56,440 --> 00:30:00,720 Speaker 1: Television and Bloomberg Radio. My guests with me here in 545 00:30:00,880 --> 00:30:05,640 Speaker 1: studio Brianna Joy Gray. She is Bernie Sanders campaign National 546 00:30:05,680 --> 00:30:11,240 Speaker 1: press Secretary. Antoine Ceawright, Democratic strategist, former advisor to Hillary Clinton, 547 00:30:11,280 --> 00:30:13,920 Speaker 1: senior advisor to Hillary Clinton in South Carolina. Still hasn't 548 00:30:13,960 --> 00:30:16,680 Speaker 1: picked a candidate, Antonine, When are you gonna pick a candidate? 549 00:30:17,200 --> 00:30:21,880 Speaker 1: Direction is more important to the always has He's like 550 00:30:21,920 --> 00:30:24,600 Speaker 1: the Senator Kennedy of the left with the sayings. And 551 00:30:24,760 --> 00:30:28,040 Speaker 1: Tyler Pager, Bloomberg National political reporter. We've got a couple 552 00:30:28,080 --> 00:30:29,880 Speaker 1: of minutes left, so I want to go around and 553 00:30:29,960 --> 00:30:31,840 Speaker 1: do this segment that we do of what's on your 554 00:30:31,880 --> 00:30:34,920 Speaker 1: radar looking at that maybe isn't in the news, isn't 555 00:30:34,960 --> 00:30:38,400 Speaker 1: in the headlines, but his policy politically driven. Tyler, I'll 556 00:30:38,400 --> 00:30:40,520 Speaker 1: start with you, what is on your You're heading to 557 00:30:40,560 --> 00:30:44,120 Speaker 1: Iowa tomorrow right for the for the Iowa State Fair. 558 00:30:44,160 --> 00:30:46,040 Speaker 1: What are you gonna be looking for in Iowa? I'm 559 00:30:46,040 --> 00:30:48,640 Speaker 1: gonna be looking for So the quity impact pole came 560 00:30:48,640 --> 00:30:53,080 Speaker 1: out today and it showed a clear top three with Biden, 561 00:30:53,360 --> 00:30:56,640 Speaker 1: Warren and Sanders and so, I mean, I wish sorry 562 00:30:56,640 --> 00:30:59,840 Speaker 1: to interrupts you, but Briannest He's like, yes, we are 563 00:31:00,080 --> 00:31:04,320 Speaker 1: up here. Sorry, it's just like keep talking. Looking for 564 00:31:04,480 --> 00:31:07,360 Speaker 1: is as the dnc UM qualifying centers for the next 565 00:31:07,360 --> 00:31:11,200 Speaker 1: debate rise in the deadline is August. What are the 566 00:31:11,240 --> 00:31:13,840 Speaker 1: bottom tier candiates that have not yet qualified? And also 567 00:31:13,880 --> 00:31:17,400 Speaker 1: those ones in the middle, Harris, Budha, Judge, maybe Booker Um. 568 00:31:17,440 --> 00:31:18,960 Speaker 1: What are they going to try to do to make 569 00:31:18,960 --> 00:31:21,920 Speaker 1: their mark this weekend, which is the last big cattle 570 00:31:22,000 --> 00:31:26,239 Speaker 1: call before au Curson scream at the media at right, 571 00:31:26,360 --> 00:31:30,719 Speaker 1: Democratic strategist, what's on your air? My radar for now 572 00:31:31,520 --> 00:31:35,880 Speaker 1: is who will make some real investments in South Carolina 573 00:31:35,920 --> 00:31:39,160 Speaker 1: before the next debate? And I know always I think 574 00:31:39,160 --> 00:31:40,719 Speaker 1: all of them has what I'm saying, who's gonna make 575 00:31:40,720 --> 00:31:42,920 Speaker 1: a confert? Because I think you're starting to see things 576 00:31:43,320 --> 00:31:45,600 Speaker 1: stand out a bit in this race, and so I 577 00:31:45,640 --> 00:31:49,200 Speaker 1: think everybody still understands South Carolina's the priority. And so 578 00:31:49,320 --> 00:31:51,720 Speaker 1: there's some who have ventured off that course because they 579 00:31:51,800 --> 00:31:54,240 Speaker 1: realize they have to have some steam coming into Southkhan. 580 00:31:54,520 --> 00:31:56,080 Speaker 1: But there's some who are gonna make the battle g 581 00:31:57,160 --> 00:32:00,640 Speaker 1: I think Warren is focusing her attention elsewhere. I don't 582 00:32:00,680 --> 00:32:02,520 Speaker 1: want to speak for the Sanders campaign, but I know 583 00:32:02,680 --> 00:32:05,840 Speaker 1: that they have probably not focused in as they probably 584 00:32:05,880 --> 00:32:10,560 Speaker 1: should in South Carolina. And I'm saying that very abjectively. Well, 585 00:32:10,560 --> 00:32:12,880 Speaker 1: what's all my rator that we're heading to South Carolina 586 00:32:12,920 --> 00:32:16,000 Speaker 1: other places later this month? UM Senator Sanders will be 587 00:32:16,000 --> 00:32:18,800 Speaker 1: there in late August, and I believe he's also going 588 00:32:18,880 --> 00:32:22,760 Speaker 1: to be traveling with some reporters from UM the Black 589 00:32:22,760 --> 00:32:25,160 Speaker 1: Press speaking of the black who will be covering, by 590 00:32:25,160 --> 00:32:27,000 Speaker 1: the way, just his trip and what it's like to 591 00:32:27,000 --> 00:32:29,160 Speaker 1: be on the trail twenty four hours with the candidate. 592 00:32:29,480 --> 00:32:31,880 Speaker 1: In addition, later this week, where actually headed to n 593 00:32:31,920 --> 00:32:34,480 Speaker 1: a b J that's the National Association of Black Journalists. 594 00:32:35,200 --> 00:32:38,520 Speaker 1: Bernie Sanders is someone who's supported UM black institutions. We 595 00:32:38,520 --> 00:32:41,680 Speaker 1: were in Cincinnati last month UM at an association for 596 00:32:41,720 --> 00:32:45,040 Speaker 1: Black publishers, where we heard repeatedly that Bernie Sanders was 597 00:32:45,320 --> 00:32:48,120 Speaker 1: one of the only campaign in twixteen that was seriously 598 00:32:48,160 --> 00:32:51,280 Speaker 1: investing in the black press, especially in Ohio. And I 599 00:32:51,280 --> 00:32:53,800 Speaker 1: think you see the influence when you see how strong 600 00:32:53,880 --> 00:32:56,080 Speaker 1: he was in those Midwestern states. So you have a 601 00:32:56,280 --> 00:32:58,880 Speaker 1: lectability narrative speaking to those kind of things. So we're 602 00:32:58,880 --> 00:33:00,960 Speaker 1: looking for a candidate. I'm personally, as a black woman, 603 00:33:01,000 --> 00:33:02,720 Speaker 1: looking for a candidate who doesn't just show up in 604 00:33:02,760 --> 00:33:04,760 Speaker 1: South Atlanta because it's an election season, but it has 605 00:33:04,800 --> 00:33:07,800 Speaker 1: long been talking about his sixties fifty approach. All right, 606 00:33:07,840 --> 00:33:09,920 Speaker 1: we got like literally less than it, and then we 607 00:33:10,000 --> 00:33:12,920 Speaker 1: have a heart out. But Cardi B, Cardi, when do 608 00:33:13,000 --> 00:33:14,560 Speaker 1: I when do I get to see? Okay, First of all, 609 00:33:14,640 --> 00:33:16,680 Speaker 1: I want the Bernie Sanders interview and we got from 610 00:33:16,680 --> 00:33:18,920 Speaker 1: the universe. Secondly, when do I get to watch the 611 00:33:18,920 --> 00:33:21,400 Speaker 1: Bernie Sanders Cardi B Interview? I think you'll see some 612 00:33:21,400 --> 00:33:24,080 Speaker 1: snippets of it coming out later this week. Give us 613 00:33:24,080 --> 00:33:25,960 Speaker 1: the topic. They talk about issues that are important to 614 00:33:26,200 --> 00:33:29,240 Speaker 1: working every day UM black and brown people in this 615 00:33:29,280 --> 00:33:33,200 Speaker 1: country disproportionately. It's most It's not a surprise. It shouldn't 616 00:33:33,200 --> 00:33:36,040 Speaker 1: be surprising whether that Cardi B and other artists like 617 00:33:36,120 --> 00:33:39,239 Speaker 1: Killer Mike, artists that are closer to their communities um 618 00:33:39,280 --> 00:33:41,320 Speaker 1: and in touch with what's going on with working class people, 619 00:33:41,480 --> 00:33:44,080 Speaker 1: are fans of Senator Santar because Senator Sanders agenda has 620 00:33:44,120 --> 00:33:47,000 Speaker 1: been long standing and it's one that speaks disproportionately to 621 00:33:47,000 --> 00:33:48,600 Speaker 1: the interests of the people in this country who have 622 00:33:48,640 --> 00:33:52,200 Speaker 1: been underside the pundit class. I am volunteering that I 623 00:33:52,320 --> 00:33:56,800 Speaker 1: moderate a panel with Cardi B, Asap, Rocky and Kanye West. 624 00:33:57,000 --> 00:33:58,840 Speaker 1: It would be someone should do this panel, even if 625 00:33:58,840 --> 00:34:01,120 Speaker 1: it doesn't keV. I think someone should do this because 626 00:34:01,120 --> 00:34:04,080 Speaker 1: it's really biggesting too. It's interesting to cover. I want 627 00:34:04,080 --> 00:34:06,840 Speaker 1: to thank Brianna Joy Gray of the Bernie Sanders presidential 628 00:34:06,880 --> 00:34:09,440 Speaker 1: campaign for spending the hour with us. Of course, Antoine 629 00:34:09,440 --> 00:34:11,680 Speaker 1: see Right, a friend of the program at Democratic Strategist, 630 00:34:11,680 --> 00:34:14,960 Speaker 1: my good friend and colleague Tyler Pager Bloomberg News national 631 00:34:15,000 --> 00:34:18,440 Speaker 1: political reporter, and to the Eurasia groups Jeffrey Sawright, as 632 00:34:18,440 --> 00:34:21,560 Speaker 1: well as Dan Everhart for calling in on the telephone. 633 00:34:21,600 --> 00:34:24,400 Speaker 1: You can download the sound the Bloomberg Sound on podcast 634 00:34:24,440 --> 00:34:26,960 Speaker 1: on Apple iTunes, a Bloomberg dot Com, or by downloading 635 00:34:27,200 --> 00:34:29,200 Speaker 1: the Bloomberg Business App. You can also find us on 636 00:34:29,280 --> 00:34:33,120 Speaker 1: Radio dot Com, I Heart Radio, and Spotify. I'm Kevin Cirelli, 637 00:34:33,160 --> 00:34:36,240 Speaker 1: Chief Washington Course, Bloomberg TV and Bloomberg Radio. You're listening 638 00:34:36,280 --> 00:34:37,640 Speaker 1: to Bloomberg. I mean, I'm one