1 00:00:01,639 --> 00:00:06,360 Speaker 1: Now from our nation's capital. This is Bloomberg Sound On. 2 00:00:07,360 --> 00:00:10,399 Speaker 1: The Ukrainian people are united and resilient, and I learned 3 00:00:10,400 --> 00:00:12,799 Speaker 1: that the EU and NATO are also similarly. In the 4 00:00:12,840 --> 00:00:17,360 Speaker 1: United States is acting in a highly contentional way because 5 00:00:17,400 --> 00:00:21,360 Speaker 1: he knows he has leverage from his energy dominance. Bloomberg 6 00:00:21,600 --> 00:00:25,920 Speaker 1: Sound On Politics, policy and perspective from DC's top names. 7 00:00:26,400 --> 00:00:29,319 Speaker 1: We are going to meet to rethink our relationships in 8 00:00:29,400 --> 00:00:31,600 Speaker 1: Western Europe. We do not want to get into a 9 00:00:31,640 --> 00:00:35,800 Speaker 1: situation where Russian and NATO get me into an armed contract. 10 00:00:35,840 --> 00:00:42,040 Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Ukraine 11 00:00:42,080 --> 00:00:45,400 Speaker 1: braces for a more brutal phase of war with Russia 12 00:00:45,520 --> 00:00:48,600 Speaker 1: as President Biden prepares to deliver his first State of 13 00:00:48,640 --> 00:00:51,720 Speaker 1: the Union addressed tonight. This is it. Welcome to the 14 00:00:51,720 --> 00:00:54,880 Speaker 1: fastest hour in politics on an historic day. We'll balance 15 00:00:54,920 --> 00:00:58,120 Speaker 1: these two stories with insights on Ukraine from retired Air 16 00:00:58,160 --> 00:01:01,120 Speaker 1: Force General David Deptula, and we'll ahead to tonight's State 17 00:01:01,120 --> 00:01:04,120 Speaker 1: of the Union with former New York Congressman Joe Crowley, 18 00:01:04,160 --> 00:01:06,399 Speaker 1: former member of the Democratic leadership in the House. He 19 00:01:06,480 --> 00:01:09,520 Speaker 1: has been there. Later, we crossed the Aisle for perspective 20 00:01:09,520 --> 00:01:13,640 Speaker 1: from Republican Congressman Chuck Fleishman, Republican from Tennessee, and our 21 00:01:13,680 --> 00:01:18,040 Speaker 1: signature panel is in place. Bloomberg Politics contributors Jeanie Chanzano 22 00:01:18,120 --> 00:01:20,240 Speaker 1: and Rick Davis are with us, So let's get started. 23 00:01:20,440 --> 00:01:23,880 Speaker 1: We're all watching Ukraine with worry. As a column of 24 00:01:23,959 --> 00:01:27,280 Speaker 1: Russian tanks and armor rolls towards Kiev. With the headline 25 00:01:27,280 --> 00:01:31,080 Speaker 1: on the terminal, Ukraine faces more brutal form of war 26 00:01:31,160 --> 00:01:35,399 Speaker 1: as Russia regroups. I spoke earlier today on Balance of 27 00:01:35,440 --> 00:01:38,759 Speaker 1: Power with former Secretary of Defense William Cohen, who acknowledged 28 00:01:38,760 --> 00:01:43,920 Speaker 1: the tough days ahead. I'm expecting a terrible assault upon 29 00:01:43,959 --> 00:01:46,880 Speaker 1: the people of Kiev uh in order to make that 30 00:01:47,280 --> 00:01:53,040 Speaker 1: government crumble, to grab President Zelinski, try him or for 31 00:01:53,640 --> 00:01:57,360 Speaker 1: war crimes of such or kill him. A terrible assault 32 00:01:57,400 --> 00:01:59,880 Speaker 1: on the people of Kiev. That's coming from William Cohen 33 00:02:00,160 --> 00:02:03,480 Speaker 1: Institute for the Study of War. Yes, there is one 34 00:02:04,520 --> 00:02:07,080 Speaker 1: estimating now this new phase will play out over several 35 00:02:07,160 --> 00:02:11,200 Speaker 1: days as Russia regroups, and it has already begun. Bloomberg 36 00:02:11,240 --> 00:02:14,720 Speaker 1: reporting Russian forces now surrounding Kharkiva, city of nearly one 37 00:02:14,760 --> 00:02:19,280 Speaker 1: point eight million rocket attacks on a residential area ending 38 00:02:19,280 --> 00:02:22,640 Speaker 1: with civilian casualties. We don't have numbers. And for a 39 00:02:22,680 --> 00:02:24,760 Speaker 1: sense of where this goes, we're joined now by retired 40 00:02:24,760 --> 00:02:26,880 Speaker 1: Air Force General David deptul And now dean of the 41 00:02:26,880 --> 00:02:30,400 Speaker 1: Mitchell Institute for Aerospace Studies. He's been a constant source 42 00:02:30,440 --> 00:02:33,600 Speaker 1: of insights in this conflict and he's back with us now. General, 43 00:02:33,960 --> 00:02:36,400 Speaker 1: welcome back. Is there any way for Ukraine to stop 44 00:02:36,520 --> 00:02:38,720 Speaker 1: Russia from the air or are we heading for house 45 00:02:38,760 --> 00:02:42,800 Speaker 1: to house urban warfare? Well, Joe, thank you again for 46 00:02:42,840 --> 00:02:47,160 Speaker 1: having me on. UM. It's an interesting question, and UH 47 00:02:47,200 --> 00:02:52,079 Speaker 1: it's an appropriate one. UM. Frankly, to date, the war 48 00:02:52,360 --> 00:02:56,640 Speaker 1: is not going the way Putin expected. Um. Russia is 49 00:02:56,680 --> 00:03:00,800 Speaker 1: becoming more and more isolated. Is uh, One country after 50 00:03:00,840 --> 00:03:04,640 Speaker 1: another turns its skies into Russian no fly zones. UH. 51 00:03:04,760 --> 00:03:07,720 Speaker 1: In the resolve of Ukraine and the West is everything now. 52 00:03:09,120 --> 00:03:12,480 Speaker 1: I think your panel and and folks are very much 53 00:03:12,520 --> 00:03:15,760 Speaker 1: aware that Putin planned on an early surrender by Ukraine. 54 00:03:17,080 --> 00:03:20,200 Speaker 1: But he's over extended. His forces are too few to 55 00:03:20,240 --> 00:03:23,880 Speaker 1: conquer and occupy the country, and they're stretched too thin 56 00:03:23,960 --> 00:03:29,799 Speaker 1: in terms of resupply. UM. All of that said, UM, 57 00:03:30,160 --> 00:03:33,560 Speaker 1: while all the Ukrainian air force is doing very well 58 00:03:34,480 --> 00:03:37,600 Speaker 1: UM and much better than expected, and the Russians doing 59 00:03:37,680 --> 00:03:41,920 Speaker 1: much worse than expected. Ukraine is going to run into 60 00:03:42,040 --> 00:03:48,040 Speaker 1: sustainment challenges. UH. Sorty generation or missions that are launched 61 00:03:48,040 --> 00:03:50,400 Speaker 1: by their air force are going to become more of 62 00:03:50,400 --> 00:03:55,920 Speaker 1: a problem due to maintenance challenges and weapons expenditures. So 63 00:03:56,200 --> 00:04:00,720 Speaker 1: it's a welcome offer that some nations who operate the 64 00:04:00,760 --> 00:04:06,119 Speaker 1: same aircraft as the Ukrainian Air Force mids and are 65 00:04:06,120 --> 00:04:08,760 Speaker 1: willing to ship some of those aircraft to the Ukrainian 66 00:04:08,760 --> 00:04:14,040 Speaker 1: Air Force. UH. That would be a very helpful factor 67 00:04:14,960 --> 00:04:19,599 Speaker 1: UH in equipping the Ukrainians and sort of resupplying them. 68 00:04:19,640 --> 00:04:23,320 Speaker 1: The question now becomes can they do that soon enough 69 00:04:24,000 --> 00:04:28,880 Speaker 1: to take care of some of those columns of assault 70 00:04:29,000 --> 00:04:33,400 Speaker 1: vehicles that you see lined up outside Keith. Is Russia 71 00:04:33,480 --> 00:04:36,760 Speaker 1: going to win this invasion because of air superiority unless 72 00:04:36,839 --> 00:04:42,320 Speaker 1: Ukraine can turn that around? UM. Again, it's an open question. 73 00:04:42,880 --> 00:04:47,440 Speaker 1: If you would ask me that question prior to their assault, UM, 74 00:04:47,520 --> 00:04:51,680 Speaker 1: I would have leaned toward yes. But as I mentioned earlier, 75 00:04:52,400 --> 00:04:57,440 Speaker 1: the resolve of Ukraine is really impressive UH, and frankly, 76 00:04:58,200 --> 00:05:02,480 Speaker 1: UM so is the the response of NATO's air forces 77 00:05:02,560 --> 00:05:08,159 Speaker 1: in establishing an effective defensive response. I think NATO's as 78 00:05:08,240 --> 00:05:12,080 Speaker 1: some of the NATO country's response in terms of providing 79 00:05:12,120 --> 00:05:19,240 Speaker 1: equipment to Ukraine and resupply is also encouraging UM. So 80 00:05:19,400 --> 00:05:25,279 Speaker 1: even though the Russians have the preponderance of forces UM, frankly, uh, 81 00:05:25,320 --> 00:05:29,320 Speaker 1: they're not that motivated. It's very clear that their leadership 82 00:05:29,720 --> 00:05:32,560 Speaker 1: I'm talking about military leadership and come in and control 83 00:05:33,400 --> 00:05:38,160 Speaker 1: UM is confused and not performing the way one might anticipate. 84 00:05:38,600 --> 00:05:42,160 Speaker 1: So I give it a shot. On the outcome, well, 85 00:05:42,160 --> 00:05:44,640 Speaker 1: I'll tell you, and if the air war doesn't take 86 00:05:44,680 --> 00:05:46,880 Speaker 1: care of this, if this does go to house to 87 00:05:46,960 --> 00:05:51,279 Speaker 1: house street by street fighting, we know the tanks don't 88 00:05:51,360 --> 00:05:54,000 Speaker 1: fit down those streets, and we know that the Ukrainians 89 00:05:54,440 --> 00:05:57,080 Speaker 1: have a great deal of resolve here. This could take 90 00:05:57,120 --> 00:05:59,640 Speaker 1: many more turns. In general, David depps Wola, we thank 91 00:05:59,640 --> 00:06:02,440 Speaker 1: you as ever for the insights we turned out. Of 92 00:06:02,480 --> 00:06:05,599 Speaker 1: the other major story we're covering tonight will be balancing 93 00:06:05,680 --> 00:06:08,200 Speaker 1: both for the balance of this hour, that of course, 94 00:06:08,400 --> 00:06:12,880 Speaker 1: is the state of the Union that at stake the 95 00:06:12,920 --> 00:06:17,520 Speaker 1: President of the United States. That's what it will sound 96 00:06:17,560 --> 00:06:20,800 Speaker 1: like at nine pm Eastern time, when the sergeant at 97 00:06:20,880 --> 00:06:24,200 Speaker 1: arms introduces President Biden for his first State of the 98 00:06:24,279 --> 00:06:27,880 Speaker 1: Union address, having already addressed a joint session of Congress. 99 00:06:27,920 --> 00:06:31,800 Speaker 1: There's just something different about this time. And we're joined 100 00:06:31,800 --> 00:06:34,760 Speaker 1: by a former member of the House Democratic leadership who 101 00:06:34,800 --> 00:06:37,480 Speaker 1: attended many of these speeches over the years, former Congressman 102 00:06:37,839 --> 00:06:40,440 Speaker 1: Joe Crowley, Democrat from New York. It's great to have 103 00:06:40,480 --> 00:06:43,480 Speaker 1: you with us, Congressman. The President, i'm assuming, has seen 104 00:06:43,520 --> 00:06:46,400 Speaker 1: this speech evolved greatly over the past couple of weeks. 105 00:06:46,480 --> 00:06:48,919 Speaker 1: We thought this would be a speech about the domestic 106 00:06:49,000 --> 00:06:53,520 Speaker 1: agenda going into this new year, about voting rights. Dare 107 00:06:53,560 --> 00:06:56,000 Speaker 1: I say, build back better? What does he need to 108 00:06:56,040 --> 00:06:59,440 Speaker 1: say tonight about a war in Europe? Well, I do 109 00:06:59,520 --> 00:07:02,560 Speaker 1: still think that the bulk of the address tonight will 110 00:07:02,600 --> 00:07:05,080 Speaker 1: be on domestic issues, and I think the President has 111 00:07:05,080 --> 00:07:07,680 Speaker 1: a great deal to talk about. But there's no question 112 00:07:08,279 --> 00:07:12,560 Speaker 1: that the events of the last week have changed certainly 113 00:07:12,640 --> 00:07:16,560 Speaker 1: the tone of the President's um UH State of the 114 00:07:16,640 --> 00:07:20,880 Speaker 1: Union address, as well as I think the attitude and 115 00:07:20,920 --> 00:07:23,320 Speaker 1: the members of Congress, and certainly the country at large. 116 00:07:23,360 --> 00:07:26,160 Speaker 1: I think that this will be a much more widely 117 00:07:26,280 --> 00:07:29,760 Speaker 1: viewed State of the Union address more than normal, More 118 00:07:29,800 --> 00:07:35,480 Speaker 1: than usual because of what people see seeing transpired almost 119 00:07:35,520 --> 00:07:39,600 Speaker 1: minute to minute on the seven cable networks and and 120 00:07:39,680 --> 00:07:42,840 Speaker 1: other news that's being delivered, including the folks your folks 121 00:07:42,840 --> 00:07:46,120 Speaker 1: a Bloomberg. So I do think though that um, you know, 122 00:07:46,160 --> 00:07:48,040 Speaker 1: we'll hear a great deal about and I think I 123 00:07:48,160 --> 00:07:50,560 Speaker 1: start out with the issue of Ukraine. I think we'll 124 00:07:50,600 --> 00:07:53,800 Speaker 1: see um, members of both sides of the aisle united 125 00:07:54,560 --> 00:07:57,720 Speaker 1: for the most part um in terms of what the 126 00:07:57,760 --> 00:08:00,080 Speaker 1: President will say. I do think that this is the 127 00:08:00,280 --> 00:08:05,280 Speaker 1: credible opportunity for Joe Biden hit reset um. Also the 128 00:08:05,360 --> 00:08:08,600 Speaker 1: focus on, you know, the meeting of democracy not only 129 00:08:08,640 --> 00:08:10,600 Speaker 1: for Ukraine, on the parts of the world, but for 130 00:08:10,640 --> 00:08:13,480 Speaker 1: the United States as well, to the opportunity to address 131 00:08:13,520 --> 00:08:15,480 Speaker 1: some of those issues we're dealing with. This. Is there 132 00:08:15,480 --> 00:08:18,880 Speaker 1: bipartisan support for the administration's effort in Ukraine. Are we're 133 00:08:18,880 --> 00:08:21,600 Speaker 1: gonna see both sides of the House rise when the 134 00:08:21,640 --> 00:08:23,960 Speaker 1: President talks about this or is half the House going 135 00:08:24,000 --> 00:08:27,520 Speaker 1: to be sitting down? Congressman No, I suspect you'll see 136 00:08:27,600 --> 00:08:31,160 Speaker 1: both sides standing. I would be really shocked, and maybe 137 00:08:31,160 --> 00:08:36,319 Speaker 1: a smathering of folks yuh. I can't speak for you know, uh, 138 00:08:36,360 --> 00:08:40,960 Speaker 1: miss Green or others who may take issue with support Ukraine, 139 00:08:41,760 --> 00:08:45,200 Speaker 1: but I think overwhelmingly both Democrats and Republicans will be 140 00:08:45,400 --> 00:08:48,520 Speaker 1: will be demonstrating support. I suspect that will change once 141 00:08:48,559 --> 00:08:52,240 Speaker 1: the domestic issues, uh just start to to to get 142 00:08:52,280 --> 00:08:54,520 Speaker 1: into the conversation here. We know that he's going to 143 00:08:54,640 --> 00:08:58,480 Speaker 1: use the word inflation. Uh. Congressman Crowley. With that said, 144 00:08:59,480 --> 00:09:01,640 Speaker 1: the Jed Saki says he's going to grab the bull 145 00:09:01,679 --> 00:09:03,559 Speaker 1: by the horns here. What does he have to say though? 146 00:09:03,559 --> 00:09:05,840 Speaker 1: Does he have to admit that the administration had this 147 00:09:05,920 --> 00:09:08,600 Speaker 1: wrong for for part of last year and that they're 148 00:09:08,640 --> 00:09:13,360 Speaker 1: taking corrective measures. No, I don't think it's necessarily an 149 00:09:13,400 --> 00:09:16,760 Speaker 1: admittance of being wrong. I think it's you know, you're 150 00:09:16,800 --> 00:09:20,480 Speaker 1: dealing with the pandemic, and much of the inflation that 151 00:09:20,520 --> 00:09:24,520 Speaker 1: we're dealing with now transpired as a result of things 152 00:09:24,520 --> 00:09:27,439 Speaker 1: that took place in the prior administration as well as administration. 153 00:09:27,720 --> 00:09:29,920 Speaker 1: But I think the president needs to focus on is 154 00:09:30,000 --> 00:09:32,920 Speaker 1: just shoot state with the people and say, look, we know, 155 00:09:33,000 --> 00:09:36,640 Speaker 1: because what's happening in Ukraine and that part of the world, 156 00:09:36,840 --> 00:09:38,880 Speaker 1: that oil prices are going to go up, that we 157 00:09:39,280 --> 00:09:41,680 Speaker 1: take gasoline, that there will be some impact there in 158 00:09:41,720 --> 00:09:44,880 Speaker 1: terms of inflation, but that they're taking steps. They get it, 159 00:09:44,920 --> 00:09:47,920 Speaker 1: They understand the American people are hurting right now. But 160 00:09:48,080 --> 00:09:51,400 Speaker 1: wages does are up, that employment is up, UM, that 161 00:09:51,679 --> 00:09:55,000 Speaker 1: GDP is up to the stock market is doing very 162 00:09:55,120 --> 00:09:57,640 Speaker 1: very well. There's also very positive things to be talking about. 163 00:09:57,880 --> 00:10:00,440 Speaker 1: And then they're gonna they're they're gonna get the handle 164 00:10:00,840 --> 00:10:03,839 Speaker 1: on inflation and reduced for the American piece. Does he 165 00:10:03,880 --> 00:10:06,400 Speaker 1: need to tell America that we've turned the corner on 166 00:10:06,520 --> 00:10:08,800 Speaker 1: COVID and will he wear a mask? What do you think? 167 00:10:09,960 --> 00:10:13,160 Speaker 1: My sense is that Democrats need to be need to 168 00:10:13,240 --> 00:10:16,000 Speaker 1: own the reopening of America. I think that we've done 169 00:10:16,080 --> 00:10:17,840 Speaker 1: through this. I think there's more and more of a 170 00:10:17,960 --> 00:10:22,400 Speaker 1: sense that that that the worst is behind us. Uh 171 00:10:22,400 --> 00:10:26,240 Speaker 1: and that at least now that Democrats are reopening um, 172 00:10:26,520 --> 00:10:30,680 Speaker 1: not only government, but reopening uh business uh and and 173 00:10:30,760 --> 00:10:34,280 Speaker 1: really having to deal with this for the foreseeable future. UM. 174 00:10:34,360 --> 00:10:35,920 Speaker 1: It's you know, we've done it with the flu, We've 175 00:10:35,920 --> 00:10:38,600 Speaker 1: done it with other things in terms of other pandemics, 176 00:10:38,679 --> 00:10:40,080 Speaker 1: and I think we'll have to do with this too. 177 00:10:40,400 --> 00:10:44,080 Speaker 1: Declare victors, I don't look, I don't think you should 178 00:10:44,120 --> 00:10:46,120 Speaker 1: declare victory. I think that there's means something to be 179 00:10:46,240 --> 00:10:48,880 Speaker 1: with us was quite some time. But my senses, my 180 00:10:49,000 --> 00:10:52,800 Speaker 1: personal senses, that we need to reopen America, we need 181 00:10:52,840 --> 00:10:55,240 Speaker 1: to reopen the world as well. Joe Crowley, what do 182 00:10:55,240 --> 00:10:58,120 Speaker 1: you make of the fact that we're getting multiple Democratic 183 00:10:58,200 --> 00:11:00,880 Speaker 1: responses to the Democratic present? Then, you know, normally i'd 184 00:11:00,920 --> 00:11:03,679 Speaker 1: ask you about the Republican response, But more people are 185 00:11:03,679 --> 00:11:07,120 Speaker 1: talking about Rashida to leave speaking later than they are 186 00:11:07,160 --> 00:11:10,959 Speaker 1: about the governor of Iowa. Josh Gottheimer told Axios it's 187 00:11:11,000 --> 00:11:13,800 Speaker 1: like keying your own car and slashing your own tires. 188 00:11:13,840 --> 00:11:17,360 Speaker 1: Is that real? Well? I did see that, and I 189 00:11:17,400 --> 00:11:21,680 Speaker 1: did chuckle a bit. I mean the reality is that, um, 190 00:11:21,720 --> 00:11:25,080 Speaker 1: you know, the Democratic Party is made up of many, 191 00:11:25,160 --> 00:11:28,560 Speaker 1: many different philosophies and thoughts, um, and we see it 192 00:11:28,559 --> 00:11:30,920 Speaker 1: as a strength. Sometimes it can it can hurt us 193 00:11:30,960 --> 00:11:33,120 Speaker 1: as well, and this may be one of those those 194 00:11:33,160 --> 00:11:35,000 Speaker 1: cases where it does come back to buy the bit. 195 00:11:35,760 --> 00:11:38,480 Speaker 1: My hope is it's tempered a bit, that people understand 196 00:11:38,520 --> 00:11:41,040 Speaker 1: that we are the party in control about the House, 197 00:11:41,320 --> 00:11:44,600 Speaker 1: the Senate, and the presidency, and that this also has 198 00:11:44,600 --> 00:11:47,600 Speaker 1: to have focused on next year, this year's elections. And 199 00:11:47,679 --> 00:11:50,520 Speaker 1: so I really do hope that to leave is capital 200 00:11:50,520 --> 00:11:53,760 Speaker 1: about what she does, say Former Congressman Joe Crowley, Democrat 201 00:11:53,800 --> 00:11:56,040 Speaker 1: from New York. We thank you for the insights. I 202 00:11:56,080 --> 00:11:58,680 Speaker 1: hope one of these days I sit down in a 203 00:11:58,760 --> 00:12:01,520 Speaker 1: studio at Joe Crowley without masks on. Can you imagine 204 00:12:01,520 --> 00:12:05,120 Speaker 1: that we assemble the panel next insights they had from 205 00:12:05,160 --> 00:12:08,480 Speaker 1: Genie Chanzano and Rick Davis on the fastest hour in politics. 206 00:12:08,520 --> 00:12:10,800 Speaker 1: You won't get a one to punch like that anywhere else. 207 00:12:11,160 --> 00:12:17,480 Speaker 1: This is Bloomberg. You're listening to Bloomberg. You Sound on 208 00:12:17,920 --> 00:12:23,200 Speaker 1: with Joe Matthew on Bloomberg Radio with no shortage of 209 00:12:23,280 --> 00:12:26,920 Speaker 1: headlines here crossing the terminal and two of the best 210 00:12:26,960 --> 00:12:29,199 Speaker 1: minds and politics to discuss it all. We assemble the 211 00:12:29,240 --> 00:12:32,839 Speaker 1: panel on Bloomberg Sound On with Bloomberg Politics contributors Jeanie 212 00:12:32,880 --> 00:12:36,080 Speaker 1: Schanzano and Rick Davis. Genie is with me here at 213 00:12:36,080 --> 00:12:38,600 Speaker 1: World Headquarters in New York. Rick is in Washington. We're 214 00:12:38,600 --> 00:12:42,000 Speaker 1: gonna put the whole band back together eight thirty pm 215 00:12:42,040 --> 00:12:44,560 Speaker 1: Eastern Time for our special coverage of the State of 216 00:12:44,600 --> 00:12:47,520 Speaker 1: the Union. So why don't we start there? Rick, your 217 00:12:47,559 --> 00:12:50,800 Speaker 1: expectations for tonight. There's a lot of pressure for this 218 00:12:50,840 --> 00:12:53,800 Speaker 1: president who I'm sure did not invite half of the 219 00:12:53,840 --> 00:12:56,520 Speaker 1: headlines that have emerged since this was scheduled for the 220 00:12:56,559 --> 00:12:59,000 Speaker 1: first of March. How much time does he need to 221 00:12:59,040 --> 00:13:02,240 Speaker 1: spend on a war in Europe versus domestic issues tonight? 222 00:13:02,760 --> 00:13:04,080 Speaker 1: You know, he's got to give it a plenty of 223 00:13:05,200 --> 00:13:07,800 Speaker 1: attraction because obviously this is one of the things that 224 00:13:07,840 --> 00:13:09,680 Speaker 1: people want to hear about. They're going to tune in 225 00:13:09,720 --> 00:13:11,839 Speaker 1: to say, hey, give us a war report, right, I mean, 226 00:13:11,880 --> 00:13:13,800 Speaker 1: this is sort of the CNN moment for the State 227 00:13:13,800 --> 00:13:15,920 Speaker 1: of the Union speech, and so that's going to be important. 228 00:13:16,280 --> 00:13:17,600 Speaker 1: But I can't imagine it would be more than a 229 00:13:17,600 --> 00:13:19,920 Speaker 1: third of the speech. But guarantee of the speech writer 230 00:13:20,000 --> 00:13:22,440 Speaker 1: has been working overtime to try and fix this uh 231 00:13:22,640 --> 00:13:24,680 Speaker 1: section of the speech in a few days that they've 232 00:13:24,679 --> 00:13:27,680 Speaker 1: had to work on it. Obviously, Genie Americans are not 233 00:13:27,760 --> 00:13:30,960 Speaker 1: conflicted on this there. They think that President Zelenski is 234 00:13:30,960 --> 00:13:33,840 Speaker 1: a hero. They're they're pulling for the people of Ukraine. 235 00:13:33,880 --> 00:13:36,200 Speaker 1: They're so impressed by what they've seen over the past 236 00:13:36,760 --> 00:13:39,760 Speaker 1: six days. But is it incumbent upon the president to 237 00:13:39,800 --> 00:13:43,720 Speaker 1: promise the American people that their son's daughter's father's brothers, 238 00:13:43,720 --> 00:13:46,120 Speaker 1: sisters will not end up in a war in Europe. 239 00:13:46,640 --> 00:13:48,520 Speaker 1: I think he's going to make that case. You know, 240 00:13:48,559 --> 00:13:50,800 Speaker 1: as I look at this, Joe Biden is really the 241 00:13:50,880 --> 00:13:54,400 Speaker 1: man for this moment. He has talked more than probably 242 00:13:54,440 --> 00:13:58,000 Speaker 1: anybody in modern American politics about the threat of autocracy, 243 00:13:58,480 --> 00:14:02,319 Speaker 1: and what we are are witnessing in Russia today is 244 00:14:02,360 --> 00:14:05,200 Speaker 1: what Joe Biden has been talking about. You know, this 245 00:14:05,320 --> 00:14:09,199 Speaker 1: is a really an area where he feels most comfortable, 246 00:14:09,480 --> 00:14:12,120 Speaker 1: and it's an area which, as you said, the American 247 00:14:12,200 --> 00:14:16,199 Speaker 1: public agree on, one of those rare bipartisan areas. So 248 00:14:16,640 --> 00:14:19,040 Speaker 1: imagine if he was making this speech in the absence 249 00:14:19,080 --> 00:14:22,000 Speaker 1: of this, he would be talking about things that absolutely 250 00:14:22,080 --> 00:14:25,600 Speaker 1: divide Republicans and Democrats. But he has the rare opportunity 251 00:14:25,680 --> 00:14:28,560 Speaker 1: here to have the entire room stand up and cheer 252 00:14:28,920 --> 00:14:31,880 Speaker 1: when he talks about the United States and him leading 253 00:14:31,960 --> 00:14:34,240 Speaker 1: the United States and the world and the Allies in 254 00:14:34,440 --> 00:14:37,440 Speaker 1: taking on the threat that is Vladimir Putin and standing 255 00:14:37,520 --> 00:14:39,880 Speaker 1: up for the Ukraine. So I think it's gonna be 256 00:14:39,920 --> 00:14:42,520 Speaker 1: as I agree with probably about a third of the speech, 257 00:14:42,560 --> 00:14:44,040 Speaker 1: and I think, to me, the big moment is going 258 00:14:44,080 --> 00:14:46,480 Speaker 1: to be when he tries to pivot to domestic Does 259 00:14:46,520 --> 00:14:50,200 Speaker 1: it just sort of disintegrate into polarization. Half the room 260 00:14:50,200 --> 00:14:53,720 Speaker 1: will remain seated. The headlines have been something just now 261 00:14:53,960 --> 00:14:57,400 Speaker 1: redhead on the terminal, United Airlines suspending flying over Russia 262 00:14:57,520 --> 00:15:02,320 Speaker 1: for India flights. We'll hear more about that from Charlie Pellett. 263 00:15:02,360 --> 00:15:05,280 Speaker 1: Coming up, Apple though, was really something. Did you guys 264 00:15:05,320 --> 00:15:08,480 Speaker 1: see this? For a company of this influence to make 265 00:15:08,520 --> 00:15:12,720 Speaker 1: the announcement like it did today is quite remarkable. It's 266 00:15:12,720 --> 00:15:17,000 Speaker 1: going to stop operating, stop selling goods in Russia. This 267 00:15:17,080 --> 00:15:19,600 Speaker 1: type of self sanctioning. Rick, is it happening on its 268 00:15:19,640 --> 00:15:22,280 Speaker 1: own or is the White House in touch with corporate America? Well, 269 00:15:22,320 --> 00:15:24,360 Speaker 1: I think the White House is in touch with corporate America. 270 00:15:24,400 --> 00:15:27,000 Speaker 1: I think different elements of the government are reaching out 271 00:15:27,000 --> 00:15:30,400 Speaker 1: to people to try and strengthen, uh the effect of 272 00:15:30,440 --> 00:15:33,960 Speaker 1: these sanctions. Right, it's just there. The leadership of the 273 00:15:33,960 --> 00:15:36,920 Speaker 1: government is the one saying, let's sanction these guys. And 274 00:15:36,960 --> 00:15:41,560 Speaker 1: I think it's great that various uh, different corporations are 275 00:15:41,640 --> 00:15:44,280 Speaker 1: ready to do so on their own, with their own resources. 276 00:15:44,800 --> 00:15:48,400 Speaker 1: I think it's a wonderful attribution to the free market 277 00:15:49,120 --> 00:15:52,360 Speaker 1: that actually cares about having democracies to sell into its 278 00:15:52,800 --> 00:15:56,640 Speaker 1: unprecedented genie to see this, It really is, and I think, 279 00:15:56,680 --> 00:15:59,120 Speaker 1: you know, it speaks to the fact that we are facing, 280 00:15:59,240 --> 00:16:02,080 Speaker 1: as a nation and as democracies around the world, a 281 00:16:02,480 --> 00:16:05,560 Speaker 1: really serious challenge and a threat unlike when we haven't 282 00:16:05,600 --> 00:16:08,600 Speaker 1: seen in the last forty or fifty years, certainly since 283 00:16:08,600 --> 00:16:10,960 Speaker 1: since the end of the Cold War. And the fact 284 00:16:11,080 --> 00:16:14,480 Speaker 1: that CEOs are recognizing that and they are saying that 285 00:16:14,520 --> 00:16:16,760 Speaker 1: they are not just going to be loyal to shareholders, 286 00:16:16,760 --> 00:16:18,960 Speaker 1: who they obviously should be loyal to, but they're going 287 00:16:19,000 --> 00:16:22,280 Speaker 1: to put their loyalty to freedom and democracy, even if 288 00:16:22,320 --> 00:16:25,520 Speaker 1: it means losing money. And of course that is the 289 00:16:25,640 --> 00:16:28,160 Speaker 1: right thing to do and also makes sense for the 290 00:16:28,160 --> 00:16:30,960 Speaker 1: bottom line. We can't do anything to shore up the 291 00:16:31,000 --> 00:16:33,960 Speaker 1: dollar if they don't do this, and that's critically important. So, 292 00:16:34,200 --> 00:16:35,880 Speaker 1: you know, I think the fact that we've seen a 293 00:16:35,960 --> 00:16:38,080 Speaker 1: number of companies, and I think we're going to see 294 00:16:38,160 --> 00:16:40,880 Speaker 1: more in the coming days and weeks, I think speaks 295 00:16:40,880 --> 00:16:43,320 Speaker 1: to the fact that there is recognition of this challenge 296 00:16:43,600 --> 00:16:46,200 Speaker 1: in a way that is visceral. Rick. We heard a 297 00:16:46,240 --> 00:16:48,560 Speaker 1: short time ago from William Cohen, who I spoke with 298 00:16:48,720 --> 00:16:52,200 Speaker 1: on Balance of Power today, a terrible assault on the 299 00:16:52,200 --> 00:16:56,440 Speaker 1: people of Kieva direct quote, he expects outright bombing of 300 00:16:56,480 --> 00:16:59,800 Speaker 1: the capital. As this column gets closer to Kiev as 301 00:16:59,800 --> 00:17:02,920 Speaker 1: car Kiev is hit by rocket attacks and is now 302 00:17:02,960 --> 00:17:07,320 Speaker 1: apparently encircled by Russian forces. How is this going to 303 00:17:07,440 --> 00:17:13,800 Speaker 1: feel when Americans start watching potentially buildings coming down, civilians 304 00:17:13,880 --> 00:17:17,000 Speaker 1: dying in the streets, it changes the tenor here people 305 00:17:17,080 --> 00:17:19,159 Speaker 1: rick are watching this on their iPhones. How does it 306 00:17:19,280 --> 00:17:23,120 Speaker 1: change the reaction that people have to what's happening right now? 307 00:17:23,480 --> 00:17:25,080 Speaker 1: You know, I think it's first of all, it's a 308 00:17:25,119 --> 00:17:27,720 Speaker 1: great warning because this is gonna get bad before it 309 00:17:27,720 --> 00:17:29,960 Speaker 1: gets better, and we don't know how long that's gonna take. 310 00:17:30,000 --> 00:17:32,840 Speaker 1: But so far the story has been look at those 311 00:17:32,880 --> 00:17:38,919 Speaker 1: brave Ukrainian citizen army fighting back from this this marauding horde. 312 00:17:39,800 --> 00:17:42,680 Speaker 1: Soon you'll see these pictures splash all over the media 313 00:17:42,800 --> 00:17:47,160 Speaker 1: of devastation and capital cities and in residential communities. Um, 314 00:17:47,240 --> 00:17:50,280 Speaker 1: they're already the Russians using things like cluster bombs, which 315 00:17:50,640 --> 00:17:53,840 Speaker 1: the government in the Ukraine has already started talking about 316 00:17:54,640 --> 00:18:00,840 Speaker 1: wars crime uh, crimes of war, crimes, work times uh. 317 00:18:00,880 --> 00:18:03,240 Speaker 1: And so this is gonna play out in public. I mean, 318 00:18:03,240 --> 00:18:06,760 Speaker 1: this is an amazing sort of experiment in the media 319 00:18:06,840 --> 00:18:08,960 Speaker 1: how you cover a modern war in Europe. I mean, 320 00:18:09,040 --> 00:18:11,280 Speaker 1: we haven't seen this since World War Two and there 321 00:18:11,359 --> 00:18:14,040 Speaker 1: was nowhere near the media that you have today. So 322 00:18:14,320 --> 00:18:16,239 Speaker 1: I think people are actually going to be shocked by 323 00:18:16,240 --> 00:18:19,280 Speaker 1: the devastation we've seen some of today and more to come. 324 00:18:19,359 --> 00:18:21,240 Speaker 1: There's a lot more to come. Rick and Genie or 325 00:18:21,240 --> 00:18:24,080 Speaker 1: with us for the hour, will reassemble the panel straight 326 00:18:24,080 --> 00:18:28,240 Speaker 1: ahead on Bloomberg sound on. Also a conversation with Congressman 327 00:18:28,280 --> 00:18:32,040 Speaker 1: Chuck Fleishman, Republican from Tennessee his thoughts on what's happening 328 00:18:32,119 --> 00:18:35,200 Speaker 1: in Europe and what he wants to hear from President 329 00:18:35,240 --> 00:18:38,159 Speaker 1: Biden tonight. Will he wear a mask? Will find out ahead. 330 00:18:38,840 --> 00:18:45,000 Speaker 1: This is Bloomberg. There's another redhead on the terminal S 331 00:18:45,080 --> 00:18:48,359 Speaker 1: and P. Dow Jones says no Russia stocks will be 332 00:18:48,440 --> 00:18:54,080 Speaker 1: added two indexes. They are running another headline on a 333 00:18:54,240 --> 00:18:56,159 Speaker 1: pile of them that we were just talking about with 334 00:18:56,280 --> 00:19:00,959 Speaker 1: Rick and Genie of the private sector essentially self sanctioning 335 00:19:01,840 --> 00:19:06,120 Speaker 1: out of principle because of what's going on overseas as 336 00:19:06,119 --> 00:19:08,160 Speaker 1: we prepare for the big speech tonight, and of course 337 00:19:08,240 --> 00:19:11,080 Speaker 1: the latest in Ukraine were joined now by a Republican 338 00:19:11,119 --> 00:19:14,520 Speaker 1: from Tennessee. Congressman Chuck Fleishman is ranking member of the 339 00:19:14,520 --> 00:19:18,120 Speaker 1: House Appropriation Subcommittee on Homeland Security, has a unique view 340 00:19:18,160 --> 00:19:20,520 Speaker 1: on this and has been working with the administration to 341 00:19:20,600 --> 00:19:23,919 Speaker 1: try to stop Russia in its tracks. Congressman, thank you 342 00:19:23,960 --> 00:19:26,760 Speaker 1: for being here. How worried are you about this turning 343 00:19:26,800 --> 00:19:32,800 Speaker 1: into a full blown urban war in cities like Kiev. Well, 344 00:19:32,840 --> 00:19:39,680 Speaker 1: I'm very concerned. The magnitude of the Russian invasion, unprovoked 345 00:19:39,840 --> 00:19:47,680 Speaker 1: Russian invasion into the sovereign country of Ukraine, UM is large. 346 00:19:48,640 --> 00:19:53,240 Speaker 1: Initially I thought that if Prutin went in and I 347 00:19:53,320 --> 00:19:55,880 Speaker 1: did not want him to go in, he would perhaps 348 00:19:55,920 --> 00:19:59,600 Speaker 1: go into those two northeastern provinces where he claimed some 349 00:19:59,680 --> 00:20:03,440 Speaker 1: separate artists support. Uh. You recalled a few years ago 350 00:20:03,600 --> 00:20:07,720 Speaker 1: he claimed something of that nature when he took over 351 00:20:07,760 --> 00:20:13,639 Speaker 1: the CRIMEA. Well, having said that, unfortunately, he has engulfed 352 00:20:13,760 --> 00:20:20,160 Speaker 1: the entire country of Ukraine. Uh a naval tank, missile, 353 00:20:20,400 --> 00:20:24,880 Speaker 1: air bombardment. Uh. It is horrific and I am very 354 00:20:24,960 --> 00:20:30,919 Speaker 1: very fearful UH that this will continue to escalate, UH 355 00:20:31,200 --> 00:20:37,080 Speaker 1: cause civilian and military losses so unnecessary. Well, this is troubling. Congressman, 356 00:20:37,240 --> 00:20:39,439 Speaker 1: when you talk about losses, you know people are watching 357 00:20:39,440 --> 00:20:41,359 Speaker 1: this happen in real time in a way We've never 358 00:20:41,400 --> 00:20:45,120 Speaker 1: seen a war unfold on our cell phones, on our TVs, 359 00:20:45,240 --> 00:20:48,159 Speaker 1: on our computers. This is about to get if we 360 00:20:48,280 --> 00:20:50,920 Speaker 1: if if what is about to happen, you know, appears 361 00:20:50,960 --> 00:20:54,479 Speaker 1: to be happening here. If it becomes reality, people are 362 00:20:54,480 --> 00:20:56,399 Speaker 1: going to be outraged by this. There are going to 363 00:20:56,400 --> 00:20:59,600 Speaker 1: be calls for us to do more. Are you steadfast 364 00:20:59,640 --> 00:21:04,119 Speaker 1: and key being US troops, US military aircraft out of 365 00:21:04,160 --> 00:21:07,440 Speaker 1: the theater, do we have any additional role that we 366 00:21:07,480 --> 00:21:11,879 Speaker 1: can play to help our Ukrainian allies. Well, let me 367 00:21:11,960 --> 00:21:16,280 Speaker 1: say this, our NATO allies, and we're NATO member, have 368 00:21:16,680 --> 00:21:23,359 Speaker 1: an agreement with other NATO countries, let me be specific, Lithuania, Estonia, 369 00:21:23,520 --> 00:21:28,720 Speaker 1: other countries in the region which also fear Russian aggression. 370 00:21:29,240 --> 00:21:34,000 Speaker 1: If in fact Plutin should choose to expand this invasion, 371 00:21:34,040 --> 00:21:36,360 Speaker 1: and I hope he does not, then I think by 372 00:21:36,400 --> 00:21:41,119 Speaker 1: implication all of the dirty NATO members will be in 373 00:21:41,960 --> 00:21:46,920 Speaker 1: expand you mean cross the Ukrainian border, yes, into other countries. Well, 374 00:21:46,920 --> 00:21:52,320 Speaker 1: that's that triggers an Article five response. The media correct, absolutely, 375 00:21:52,400 --> 00:21:54,240 Speaker 1: But if but short of that, if we're watching a 376 00:21:54,320 --> 00:21:58,520 Speaker 1: European capital be destroyed by a madman, it does make 377 00:21:58,560 --> 00:22:01,160 Speaker 1: you wonder what the greatest military power in the world 378 00:22:01,200 --> 00:22:05,360 Speaker 1: can do about it. Understood, and this is a very 379 00:22:05,800 --> 00:22:10,800 Speaker 1: tricky question. I will say this. Any time that we 380 00:22:11,160 --> 00:22:15,080 Speaker 1: as a nation, besides to put our men and women 381 00:22:15,280 --> 00:22:20,040 Speaker 1: at risk in con and combat and therefore by definition 382 00:22:20,640 --> 00:22:25,639 Speaker 1: expose them to casualties wounded and sadly killed, we have 383 00:22:25,760 --> 00:22:30,480 Speaker 1: got to be extremely, extremely careful. UH. We would need 384 00:22:30,680 --> 00:22:38,199 Speaker 1: full legislative and executive support another use on yes, and 385 00:22:38,320 --> 00:22:41,280 Speaker 1: on top of that, we would need the full support 386 00:22:41,359 --> 00:22:44,480 Speaker 1: of the vast majority of the American people. I want 387 00:22:44,480 --> 00:22:49,400 Speaker 1: to be very careful because again, UH, as bad and 388 00:22:49,440 --> 00:22:52,240 Speaker 1: as horrific as this is, and we must all condemn 389 00:22:52,280 --> 00:22:55,520 Speaker 1: what Russia has done, what Putin has done in this country, 390 00:22:56,000 --> 00:22:59,000 Speaker 1: we want to make sure that we do not see 391 00:22:59,040 --> 00:23:04,800 Speaker 1: an escalation. UH. Putin sadly has introduced some nuclear rhetoric 392 00:23:04,960 --> 00:23:08,800 Speaker 1: to this talk, which is I think extremely detrimental. So 393 00:23:08,880 --> 00:23:11,440 Speaker 1: we just have to proceed with caution when it comes 394 00:23:11,440 --> 00:23:15,639 Speaker 1: to military. But in terms of diplomacy economic, the rest 395 00:23:15,640 --> 00:23:19,040 Speaker 1: of the world is clearly against Russia and will be 396 00:23:19,119 --> 00:23:22,639 Speaker 1: very punitive towards it. Putin has no way out. He 397 00:23:22,760 --> 00:23:25,119 Speaker 1: is ultimately going to lose his fight. Comngressman, would you 398 00:23:25,160 --> 00:23:27,720 Speaker 1: vote to approve the Ukraine aid package? We're hearing about 399 00:23:27,800 --> 00:23:30,320 Speaker 1: numbers between six and ten billion dollars. Some say that 400 00:23:30,359 --> 00:23:32,639 Speaker 1: doesn't even go far enough. Is that what needs to 401 00:23:32,680 --> 00:23:36,320 Speaker 1: happen now? Well, it's a start. Obviously, there's going to 402 00:23:36,400 --> 00:23:39,320 Speaker 1: have to be the Mediterranean Aid. There's a question about that. 403 00:23:39,600 --> 00:23:44,360 Speaker 1: We are providing the Ukrainians, as our other countries, military 404 00:23:44,480 --> 00:23:47,720 Speaker 1: aid in military of hardware so that they can defend 405 00:23:47,920 --> 00:23:52,000 Speaker 1: their homeland. These are not offensive users of weapons. This 406 00:23:52,200 --> 00:23:56,680 Speaker 1: is clearly a defensive aid package to help them thwart 407 00:23:57,200 --> 00:24:00,680 Speaker 1: literally a Russian invasion and encourage you need to their 408 00:24:01,160 --> 00:24:04,840 Speaker 1: into their homeland. So I think you're going to see 409 00:24:04,880 --> 00:24:07,600 Speaker 1: not only the United States, but NATO and the rest 410 00:24:07,680 --> 00:24:12,120 Speaker 1: of the world stand firm with Ukraine. We've seen even 411 00:24:12,160 --> 00:24:16,679 Speaker 1: the Germans, to their to their detriment economically canceled the 412 00:24:16,720 --> 00:24:21,600 Speaker 1: North Sting pipeline UH and on a daily basis um 413 00:24:22,280 --> 00:24:27,920 Speaker 1: you're seeing stock exchanges refused new Russian members UH. Over time, 414 00:24:28,440 --> 00:24:32,640 Speaker 1: this will be overwhelmingly strong against Russia, as it should be. 415 00:24:33,119 --> 00:24:35,679 Speaker 1: I hope they pull out, do the right thing and 416 00:24:35,760 --> 00:24:39,159 Speaker 1: look for a diplomatic rather than a military solution to this. 417 00:24:39,240 --> 00:24:41,520 Speaker 1: I'm assuming you're in the chamber tonight, Congressman, for the 418 00:24:41,520 --> 00:24:44,560 Speaker 1: State of the Union address. Does President Biden need to 419 00:24:44,560 --> 00:24:47,160 Speaker 1: bring something new to the table, a new layer of sanctions, 420 00:24:47,200 --> 00:24:49,560 Speaker 1: something we haven't thought of yet? And I have to ask, well, 421 00:24:49,600 --> 00:24:55,720 Speaker 1: Republicans stand to applaud this united effort by NATO, if 422 00:24:55,720 --> 00:24:59,080 Speaker 1: it's a united effort by NATO, and if if the 423 00:24:59,119 --> 00:25:03,840 Speaker 1: President is Mandarin chief as a strong, steadfast resolve to 424 00:25:04,119 --> 00:25:09,200 Speaker 1: combat sutan in the Russians um in this a war 425 00:25:09,240 --> 00:25:14,240 Speaker 1: of aggression against Ukraine. I think that standing ovation will 426 00:25:14,320 --> 00:25:18,359 Speaker 1: be for the people of Ukraine and for the United States. 427 00:25:18,400 --> 00:25:24,240 Speaker 1: Not necessarily joked Biden. Unfortunately, Biden has continually, whether it's 428 00:25:24,240 --> 00:25:27,879 Speaker 1: in foreign or domestic policy, failed US, plain and simple. 429 00:25:27,920 --> 00:25:31,359 Speaker 1: He has failed us. He's got an opportunity. Now he's 430 00:25:31,400 --> 00:25:35,320 Speaker 1: got an easy one. The world of the United States. Republicans, 431 00:25:35,320 --> 00:25:40,960 Speaker 1: Democrats are opposed to the Russian invasion are Ukraine. He's 432 00:25:41,000 --> 00:25:43,480 Speaker 1: got to articulate that, and if he does, he will 433 00:25:43,480 --> 00:25:47,120 Speaker 1: deserve proper, proper claim. Congressman, thank you enjoyed the big 434 00:25:47,160 --> 00:25:49,399 Speaker 1: show tonight. It is the super Bowl of politics, and 435 00:25:49,480 --> 00:25:51,960 Speaker 1: of course we're going to be covering it beginning eight 436 00:25:52,040 --> 00:25:55,960 Speaker 1: thirty pm Eastern Time here on Bloomberg. Thanks to Congressman 437 00:25:56,040 --> 00:26:03,320 Speaker 1: Chuck Fleischman. This is Bloomberg. You're listening to Bloomberg. You 438 00:26:03,440 --> 00:26:09,200 Speaker 1: sound on with Joe Matthew on Bloomberg Radio. It's amazing 439 00:26:09,200 --> 00:26:10,840 Speaker 1: what you can learn about the State of the Union 440 00:26:10,840 --> 00:26:13,720 Speaker 1: address by first reading the guest lists. And it's out 441 00:26:13,880 --> 00:26:16,280 Speaker 1: White House, out with the guest list a short time ago. 442 00:26:17,080 --> 00:26:20,360 Speaker 1: Those sitting in the first Lady's box tonight watching listening 443 00:26:20,400 --> 00:26:22,720 Speaker 1: to the president likely to be called out, beginning with 444 00:26:22,800 --> 00:26:28,200 Speaker 1: the Ukrainian Ambassador to the US, Oxana Markarova. Maybe we 445 00:26:28,200 --> 00:26:30,959 Speaker 1: shouldn't be surprised by this. It was just on Bloomberg 446 00:26:31,520 --> 00:26:35,080 Speaker 1: last week and has been delivering the message from Kiev 447 00:26:36,560 --> 00:26:39,480 Speaker 1: to Washington for the better part of two weeks. Also, 448 00:26:39,680 --> 00:26:42,200 Speaker 1: though some of these are a little bit different, look 449 00:26:42,200 --> 00:26:46,000 Speaker 1: at this Francis Howgan. We talked about Francis Howgan on 450 00:26:46,040 --> 00:26:48,879 Speaker 1: this program a couple of months ago, the Facebook whistleblower. 451 00:26:50,520 --> 00:26:53,800 Speaker 1: There's also Pat Gelsinger, this CEO of Intel, A couple 452 00:26:53,840 --> 00:26:57,280 Speaker 1: of others who have helped to introduce the President talking 453 00:26:57,280 --> 00:27:00,240 Speaker 1: about infrastructure and build back Better over the past year. 454 00:27:00,400 --> 00:27:04,120 Speaker 1: That's who we're going to be seeing and likely hearing 455 00:27:04,119 --> 00:27:06,479 Speaker 1: about tonight from the President. Let's reassemble the panel now 456 00:27:06,560 --> 00:27:08,680 Speaker 1: as we prepare for the Super Bowl of Politics. They'll 457 00:27:08,720 --> 00:27:11,040 Speaker 1: be with me in our special live coverage starting at 458 00:27:11,040 --> 00:27:16,320 Speaker 1: eight thirty tonight, Jeannie Chanzano and Rick Davis, Genie, what 459 00:27:16,359 --> 00:27:20,480 Speaker 1: are these invites? Tell you not a shock to see 460 00:27:20,480 --> 00:27:22,760 Speaker 1: the Ukrainian ambassador. He's gonna probably have to open the 461 00:27:22,800 --> 00:27:24,640 Speaker 1: speech on the war in Europe. And we've talked about 462 00:27:24,640 --> 00:27:27,520 Speaker 1: this for the better part of the hour. Pat Gelsinger Intel, 463 00:27:28,480 --> 00:27:31,359 Speaker 1: that's build back Better, that's chips, right, he agreed with 464 00:27:31,440 --> 00:27:34,359 Speaker 1: the White House to open this massive chip manufacturing plant 465 00:27:35,160 --> 00:27:38,000 Speaker 1: in Ohio. So we're gonna go there. We're gonna do 466 00:27:38,040 --> 00:27:40,840 Speaker 1: the China Competes Act. Yeah, and you know that that 467 00:27:40,920 --> 00:27:43,240 Speaker 1: was a big win for the President. It's something he 468 00:27:43,320 --> 00:27:46,399 Speaker 1: wants to tell and certainly that makes sense. You know, 469 00:27:46,440 --> 00:27:49,600 Speaker 1: the issue with semiconductor speaks right to the challenge that 470 00:27:49,680 --> 00:27:52,080 Speaker 1: he has had with the supply chain, COVID, all of 471 00:27:52,119 --> 00:27:54,360 Speaker 1: those things, and the President really needs to address those. 472 00:27:54,800 --> 00:27:57,439 Speaker 1: The Francis how good one. That is the one that 473 00:27:57,560 --> 00:28:00,639 Speaker 1: just what do you make of that? You know sticks out? Um? 474 00:28:00,680 --> 00:28:03,760 Speaker 1: You know they describe her as a specialist and algorithmic 475 00:28:03,800 --> 00:28:07,359 Speaker 1: product management. Um, I can almost not say it, Joe Matthew, 476 00:28:07,560 --> 00:28:10,679 Speaker 1: but as a whistle blower no one in Washington as 477 00:28:10,720 --> 00:28:15,200 Speaker 1: a whistleblower obviously with Facebook. And so it is curious 478 00:28:15,320 --> 00:28:17,240 Speaker 1: to see now they do talk about the fact she's 479 00:28:17,240 --> 00:28:20,040 Speaker 1: an advocate for teen mental health. We know that's something 480 00:28:20,080 --> 00:28:22,480 Speaker 1: that the first Lady and the President caring awful lot about. 481 00:28:22,720 --> 00:28:25,600 Speaker 1: It's something that joined together Republicans and Democrats when she 482 00:28:25,720 --> 00:28:29,400 Speaker 1: testified on the Hill, testified in the in the United Kingdoms. 483 00:28:29,400 --> 00:28:32,120 Speaker 1: So you know, it's going to be fascinating to see 484 00:28:32,119 --> 00:28:34,159 Speaker 1: how he weaves that in. But that was the one 485 00:28:34,200 --> 00:28:35,880 Speaker 1: that stuck out to me. Sure, what do you make 486 00:28:35,880 --> 00:28:37,840 Speaker 1: of Francis Hagan on the list here? Rick? What is 487 00:28:38,240 --> 00:28:41,240 Speaker 1: how does Joe Biden use that as a hook? What's 488 00:28:41,240 --> 00:28:43,320 Speaker 1: he planning to talk about? Oh? I think they want 489 00:28:43,360 --> 00:28:45,719 Speaker 1: to regulate big tech, and I think she is one 490 00:28:45,760 --> 00:28:49,080 Speaker 1: of the case studies around. Big tech has not been 491 00:28:49,080 --> 00:28:51,360 Speaker 1: taking care of our children. Big tech has been praying 492 00:28:51,400 --> 00:28:54,520 Speaker 1: upon them. Big tech has been uh, you know, really 493 00:28:54,560 --> 00:28:57,400 Speaker 1: invading our privacies. I mean like this is one of 494 00:28:57,400 --> 00:29:00,760 Speaker 1: the areas, as Genie says, where the Republicans Democrats actually agree, 495 00:29:00,800 --> 00:29:02,440 Speaker 1: so you could get both sides of the house up 496 00:29:02,440 --> 00:29:04,600 Speaker 1: on that, right. I realized they're there for two different reasons, 497 00:29:05,000 --> 00:29:08,000 Speaker 1: but at all all roads lead to Facebook, Rick bashing 498 00:29:08,040 --> 00:29:13,400 Speaker 1: big tech exactly. Uh. Joseph Joe Joe Burgess described as 499 00:29:13,400 --> 00:29:16,320 Speaker 1: a third generation steel worker, remember the United steel Workers, 500 00:29:16,680 --> 00:29:19,400 Speaker 1: the union. He introduced Joe Biden recently at an event 501 00:29:19,440 --> 00:29:22,280 Speaker 1: in Pittsburgh. This is more the type of name I 502 00:29:22,360 --> 00:29:25,600 Speaker 1: expected to see, Jennie. He's going to help to reinforce, obviously, 503 00:29:25,600 --> 00:29:28,400 Speaker 1: the argument for infrastructure. That's right and one of the 504 00:29:28,440 --> 00:29:32,080 Speaker 1: President's big accomplishments. And and we have, you know, several 505 00:29:32,120 --> 00:29:35,200 Speaker 1: people who are there because they do underscore what the 506 00:29:35,240 --> 00:29:38,680 Speaker 1: President either feels was a success or something he wants 507 00:29:38,720 --> 00:29:40,800 Speaker 1: to do. We also have a woman there who is 508 00:29:40,840 --> 00:29:44,120 Speaker 1: benefiting from the American Rescue Plan as her children get 509 00:29:44,360 --> 00:29:47,000 Speaker 1: child care for free. That's something that the President wants 510 00:29:47,040 --> 00:29:49,160 Speaker 1: to talk about. So, you know, some of those are 511 00:29:49,160 --> 00:29:51,960 Speaker 1: a little bit more traditional that will be sitting there. 512 00:29:52,000 --> 00:29:54,400 Speaker 1: I think they said eight guests in all in the 513 00:29:54,440 --> 00:29:56,720 Speaker 1: first ladies box, if you will, right, what do you 514 00:29:56,760 --> 00:29:59,920 Speaker 1: make of that angle here tonight? Rick, We're not gonna 515 00:30:00,040 --> 00:30:02,719 Speaker 1: hear the words build back better, I presume. But how 516 00:30:02,800 --> 00:30:06,640 Speaker 1: much time will the president invests in the components of 517 00:30:06,640 --> 00:30:09,920 Speaker 1: that failed bill? You know, I think that that will 518 00:30:09,960 --> 00:30:13,239 Speaker 1: really be uh the subject that Rashida Tali brings up 519 00:30:13,240 --> 00:30:15,520 Speaker 1: when she does her counter to this for the Progressive 520 00:30:15,560 --> 00:30:17,280 Speaker 1: So I think he can let her handle that piece 521 00:30:17,280 --> 00:30:19,680 Speaker 1: of it. But but look, I mean, he's also really 522 00:30:19,720 --> 00:30:22,640 Speaker 1: in bad shape with working class white voters, and they've 523 00:30:22,640 --> 00:30:25,440 Speaker 1: been bailing out of the Democratic Party, and so folks 524 00:30:25,480 --> 00:30:29,320 Speaker 1: like Joe Burgess and highlighting the value that this administration 525 00:30:29,400 --> 00:30:31,600 Speaker 1: has for the working class is going to be a 526 00:30:31,680 --> 00:30:34,440 Speaker 1: really important component to this because I know this is 527 00:30:34,480 --> 00:30:36,600 Speaker 1: the state of the Union, but it's also an election 528 00:30:36,720 --> 00:30:40,080 Speaker 1: year and he's got to reconnect with those voters. Speaking 529 00:30:40,160 --> 00:30:42,920 Speaker 1: of an election year, the Republican response, there's been more 530 00:30:42,960 --> 00:30:46,720 Speaker 1: time talking about the Democratic response to the Democrat how 531 00:30:46,760 --> 00:30:50,440 Speaker 1: old fashioned Iowa Governor Kim Reynolds will deliver the official 532 00:30:50,480 --> 00:30:53,240 Speaker 1: geop here response. We're going to carry that tonight. Be 533 00:30:53,280 --> 00:30:55,240 Speaker 1: curious to see what the setting is. But we do 534 00:30:55,320 --> 00:30:57,440 Speaker 1: have a sense of what she's going to say. Took 535 00:30:57,480 --> 00:31:02,000 Speaker 1: office in the first female governor of Iowa on board 536 00:31:02,280 --> 00:31:05,160 Speaker 1: with Donald Trump. Genie. Some have actually floated her as 537 00:31:05,200 --> 00:31:09,320 Speaker 1: a potential running mate if Donald Trump plans to run again. 538 00:31:09,320 --> 00:31:11,160 Speaker 1: What do we hear from her? I think we're going 539 00:31:11,200 --> 00:31:12,920 Speaker 1: to hear a lot about what they say are her 540 00:31:12,960 --> 00:31:17,680 Speaker 1: successes with COVID, particularly keeping schools open, keeping children and 541 00:31:18,040 --> 00:31:21,080 Speaker 1: a man. She was anti mandate and this is something, 542 00:31:21,120 --> 00:31:24,160 Speaker 1: of course that played well in Virginia for instance, that 543 00:31:24,240 --> 00:31:26,920 Speaker 1: governor's race. The Republicans expect that's going to be a 544 00:31:27,000 --> 00:31:29,920 Speaker 1: huge dividing line for them and somewhere where they can 545 00:31:29,960 --> 00:31:32,720 Speaker 1: pick up some moderates and do really well. Of course, 546 00:31:32,760 --> 00:31:35,280 Speaker 1: as you mentioned, she's the first woman to lead the 547 00:31:35,360 --> 00:31:37,920 Speaker 1: state of Iowa. She's one of the up and coming 548 00:31:37,920 --> 00:31:40,840 Speaker 1: women in the Republican Party. And as you mentioned, I 549 00:31:40,840 --> 00:31:43,040 Speaker 1: don't know what's happening with Mike Pence. I guess he's 550 00:31:43,080 --> 00:31:46,640 Speaker 1: off of the list. She is a potential vice presidential 551 00:31:46,720 --> 00:31:50,600 Speaker 1: running mate if Trump decides to run. In Rick, Time 552 00:31:50,640 --> 00:31:55,520 Speaker 1: magazine calls Governor Reynolds Sarah Palin two point. Oh, you know, 553 00:31:55,600 --> 00:31:57,840 Speaker 1: I have to ask you if that's true. Boy, you've 554 00:31:57,880 --> 00:32:01,040 Speaker 1: just broken me out in a cold swap. Uh. You know. Look, 555 00:32:01,080 --> 00:32:03,480 Speaker 1: I mean, you know, she's a leading voice in the 556 00:32:03,560 --> 00:32:07,280 Speaker 1: conservative movement in the United States, a Midwesterner, Uh you know. 557 00:32:07,360 --> 00:32:10,800 Speaker 1: So Uh and she's and it's interesting they're now calling 558 00:32:10,960 --> 00:32:14,920 Speaker 1: the anti mandate crowd common sense. And so she's going 559 00:32:14,960 --> 00:32:17,600 Speaker 1: to give the common sense speech tonight and uh, and 560 00:32:17,640 --> 00:32:19,160 Speaker 1: I think it'll go over well. I mean it's uh, 561 00:32:19,240 --> 00:32:22,400 Speaker 1: we don't see too many women elected officials getting the 562 00:32:22,440 --> 00:32:24,640 Speaker 1: honor of doing this. And I kudos to the Republican 563 00:32:24,680 --> 00:32:26,440 Speaker 1: Party for putting her on the spotlight. Is it the 564 00:32:26,480 --> 00:32:28,880 Speaker 1: start of a much bigger political career for her? Sometimes 565 00:32:28,960 --> 00:32:32,040 Speaker 1: these things can flop. Uh most of the time, these 566 00:32:32,080 --> 00:32:35,880 Speaker 1: things they do. And so somebody get me some water, exactly. 567 00:32:36,040 --> 00:32:38,680 Speaker 1: And uh. And so I've had many candidates of Bob 568 00:32:38,680 --> 00:32:41,520 Speaker 1: Dolean against the desk. Don't lead against the desk. Uh. 569 00:32:41,560 --> 00:32:44,560 Speaker 1: And so I mean, like these things are brought with problems. 570 00:32:44,560 --> 00:32:47,280 Speaker 1: But look, I mean she's up for reelection. She uh 571 00:32:47,480 --> 00:32:51,240 Speaker 1: is an impressive leader of our party. Uh and uh 572 00:32:51,320 --> 00:32:53,520 Speaker 1: and and she kind of fits the bill where she 573 00:32:54,080 --> 00:32:57,680 Speaker 1: is a Trump supporter, but she's she's not crazy. And 574 00:32:57,720 --> 00:33:00,000 Speaker 1: I guess I have to make that distinction these days. 575 00:33:00,240 --> 00:33:03,120 Speaker 1: It's the fact that we talked like this, uh in 576 00:33:05,240 --> 00:33:08,240 Speaker 1: a lot of pitfalls. If you're doing the official response, 577 00:33:08,280 --> 00:33:10,800 Speaker 1: you're Jennie. Through history, this has just been a minefield. 578 00:33:10,920 --> 00:33:13,440 Speaker 1: You can ask anyone who's taking a swing at it, 579 00:33:13,440 --> 00:33:15,360 Speaker 1: and that goes for both parties. How does she stay 580 00:33:15,360 --> 00:33:18,719 Speaker 1: out of trouble? You know, as you mentioned poor Bobby Jindall, 581 00:33:18,840 --> 00:33:21,440 Speaker 1: that was a that was a difficult one. Marco Rubio 582 00:33:21,520 --> 00:33:24,680 Speaker 1: with the water, Bobby jindal coming down the gone with 583 00:33:24,760 --> 00:33:28,120 Speaker 1: the windstyle staircase. I mean there's just been one after another. 584 00:33:28,160 --> 00:33:31,560 Speaker 1: The setting the optics matter. Yeah, and I actually thought 585 00:33:31,640 --> 00:33:34,720 Speaker 1: that Tim Scott last year, Um did a really good job. 586 00:33:34,760 --> 00:33:37,520 Speaker 1: That was last year right in response to President of 587 00:33:37,600 --> 00:33:41,280 Speaker 1: President Biden's joint address. UM, you know she's gonna be 588 00:33:41,360 --> 00:33:44,640 Speaker 1: speaking from des Moines. I think she's you know, she 589 00:33:44,840 --> 00:33:48,360 Speaker 1: is a good speaker. She also is a conservative woman. 590 00:33:48,400 --> 00:33:50,920 Speaker 1: I mean she is somebody who has you know, pet 591 00:33:51,000 --> 00:33:54,920 Speaker 1: signed laws on abortion banning most abortions. She is somebody 592 00:33:54,960 --> 00:33:58,640 Speaker 1: who has you know, spoken out and signed legislation about 593 00:33:58,680 --> 00:34:02,240 Speaker 1: gunn you know, against uncontrol and you know, allowing people 594 00:34:02,320 --> 00:34:04,920 Speaker 1: own handguns without a permit. These are things that are 595 00:34:05,040 --> 00:34:08,759 Speaker 1: very attractive to social conservatives, and so I do think 596 00:34:08,760 --> 00:34:10,319 Speaker 1: we're gonna hear some of that, but I think for 597 00:34:10,360 --> 00:34:12,520 Speaker 1: the most part, she's going to stick to the themes 598 00:34:12,560 --> 00:34:15,560 Speaker 1: of children in schools and what she has done to 599 00:34:15,719 --> 00:34:18,759 Speaker 1: protect them through COVID, keep them in the classroom, keep 600 00:34:18,800 --> 00:34:21,560 Speaker 1: them learning. And you know she is going to be 601 00:34:21,640 --> 00:34:24,960 Speaker 1: speaking to those moderate, you know, American parents in particular, 602 00:34:25,000 --> 00:34:27,600 Speaker 1: who have been frustrated by all these governmental mandates. Rick, 603 00:34:27,600 --> 00:34:29,480 Speaker 1: I'm sure she's going to beat the drum on inflation, 604 00:34:29,600 --> 00:34:32,359 Speaker 1: the costs that are facing families the kitchen table talk. 605 00:34:32,400 --> 00:34:35,319 Speaker 1: How does President Biden get ahead of that tonight? You 606 00:34:35,320 --> 00:34:37,080 Speaker 1: know it's gonna be tough because I know every time 607 00:34:37,120 --> 00:34:41,000 Speaker 1: he tries to address inflation, he can't even say the word. 608 00:34:41,239 --> 00:34:43,520 Speaker 1: And so it'll be interesting to see how they bring 609 00:34:43,520 --> 00:34:45,880 Speaker 1: it up tonight, because there's no question he needs to 610 00:34:45,920 --> 00:34:50,720 Speaker 1: connect with the American family and talk about these rising 611 00:34:50,719 --> 00:34:52,640 Speaker 1: costs and what he's doing to bring him down. And 612 00:34:52,640 --> 00:34:55,000 Speaker 1: it's not enough to just say inflation looks like it's 613 00:34:55,000 --> 00:34:56,759 Speaker 1: going to come down on its own, right, I mean, 614 00:34:56,800 --> 00:34:59,879 Speaker 1: like that's a mistake. So um so he's he's gonna 615 00:35:00,040 --> 00:35:02,160 Speaker 1: have the high bar to get it through, and frankly, 616 00:35:02,200 --> 00:35:04,160 Speaker 1: it's a chip shot for her. All she's got to 617 00:35:04,160 --> 00:35:07,520 Speaker 1: say is there was no inflation in the previous administration, 618 00:35:07,920 --> 00:35:10,879 Speaker 1: and if and if a Republican wins again, there won't 619 00:35:10,880 --> 00:35:13,279 Speaker 1: be an inflation in the future. And and so she's 620 00:35:13,320 --> 00:35:16,320 Speaker 1: got the easiest job tonight to be able to tackle 621 00:35:16,440 --> 00:35:19,120 Speaker 1: an issue that all Americans care most about. This is 622 00:35:19,160 --> 00:35:20,799 Speaker 1: just a taste of what you're gonna hear starting at 623 00:35:20,800 --> 00:35:23,279 Speaker 1: eight thirty pm Eastern Time with the smartest minds in 624 00:35:23,280 --> 00:35:27,239 Speaker 1: politics here on Bloomberg Radio and on Bloomberg's TV. As 625 00:35:27,280 --> 00:35:30,040 Speaker 1: I'll be joined by Jeanie and Rick for the State 626 00:35:30,080 --> 00:35:33,240 Speaker 1: of the Union. Will also have reports from our correspondence 627 00:35:33,320 --> 00:35:36,120 Speaker 1: in Washington. Really looking forward to seeing you guys for 628 00:35:36,200 --> 00:35:40,120 Speaker 1: that conversation later on tonight. It's March Rabbit Rabbit, and 629 00:35:40,160 --> 00:35:42,759 Speaker 1: you know, marches Women's History Month. Every day this month, 630 00:35:42,800 --> 00:35:46,200 Speaker 1: we're gonna celebrate significant moments in women's history. And with 631 00:35:46,280 --> 00:35:49,319 Speaker 1: your installment for this Tuesday, the first of March, here's 632 00:35:49,320 --> 00:35:52,400 Speaker 1: Bloomberg's We Need a Young on This Day in Women's History. 633 00:35:52,680 --> 00:35:57,879 Speaker 1: In ninetelve, Isabella Goodwin is appointed the first female US detective. 634 00:35:58,280 --> 00:36:00,680 Speaker 1: She started in the New York City Pol East Department 635 00:36:00,680 --> 00:36:05,080 Speaker 1: as a police matron, overseeing female inmates and cleaning jail sales. 636 00:36:05,400 --> 00:36:08,720 Speaker 1: But a bank heist made national headlines and the police 637 00:36:08,760 --> 00:36:12,360 Speaker 1: department asked Goodwin to step in. She posed as a 638 00:36:12,400 --> 00:36:16,520 Speaker 1: maid and infiltrated a CD boarding house. The information Goodwin 639 00:36:16,560 --> 00:36:19,360 Speaker 1: found out led to the arrest of a gangster named 640 00:36:19,480 --> 00:36:23,400 Speaker 1: Eddie the boob Kinsman. The department rewarded Goodwin with the 641 00:36:23,520 --> 00:36:27,279 Speaker 1: first grade Detective Shield. If her story sounds familiar, you 642 00:36:27,360 --> 00:36:29,919 Speaker 1: might have seen it on TV. In the recent TV 643 00:36:30,080 --> 00:36:33,680 Speaker 1: series The Alienist, based on Caleb Carr's novel of the 644 00:36:33,719 --> 00:36:38,160 Speaker 1: same name, Dakota Fanning plays Sarah Howard, who's based on 645 00:36:38,280 --> 00:36:42,640 Speaker 1: Isabella Goodwin. That's today in Women's History. I'm Nita Young 646 00:36:42,920 --> 00:36:46,239 Speaker 1: Bloomberg Radio. Al Right, Nita, we thank you, appreciate you 647 00:36:46,280 --> 00:36:48,799 Speaker 1: being with us on the fastest hour in politics on 648 00:36:48,840 --> 00:36:52,760 Speaker 1: an historic day. We'll be back shortly, just a few hours, 649 00:36:52,760 --> 00:36:55,920 Speaker 1: eight thirty pm Eastern, as I mentioned, for special live coverage, 650 00:36:55,960 --> 00:37:00,160 Speaker 1: John Bloomberg the State of the Union. We'll see you 651 00:37:00,160 --> 00:37:02,279 Speaker 1: back then. I'm Joe Matthew. This is Bloomberg