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Speaker 1: Live from our nation's camera. This budget thing is going

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Speaker 1: to do nothing. Space forts. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines policy and

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Speaker 1: politics colliding Floomberg sound on, the insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: send him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven f M H D two.

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Speaker 1: So much for Finland being a calm press conference day.

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Speaker 1: Did you see that press conference at the White House.

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Speaker 1: I was there inside of the East Room of the

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Speaker 1: White House and President Trump feeling emboldened but then also

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Speaker 1: feeling on the defense. A New New York Times story

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Speaker 1: breaking as the President was walking out, says that House

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Speaker 1: Intelligence Committee Chairman Adam Schiff, the Democrat in California, got

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Speaker 1: an early account of the whistleblowers accusations, Republicans seizing on

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Speaker 1: the news, which Democrats say is just protocol. Meanwhile, President Trump,

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Speaker 1: refusing to answer, voids Jeff Mason's question why did he

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Speaker 1: bring up Hunter Biden and the Biden's to begin with

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Speaker 1: on that Ukraine phone call in question him of all

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Speaker 1: that wasn't enough. We're also dealing with a dizzy in

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Speaker 1: tae of stock market news. Stocks tumbled, bonds climb as

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Speaker 1: slowdown fears mount. We will dive into the economy, the

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Speaker 1: economics of all of this, the political implications of the

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Speaker 1: latest on the impeachment inquiry, and the d n C

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Speaker 1: announced that there's gonna be twelve, count them, twelve Democratic

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Speaker 1: presidential candidates in this month's Democratic presidential debate. To all

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Speaker 1: stars here to join us. Matt Mawer's former Senior White

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Speaker 1: House Advisor for the State Department and president of Matt

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Speaker 1: Mawer's LLLC he worked in the Trump administration, and Adam

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Speaker 1: Goldberg making his debut on Bloomberg Sound on former White

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Speaker 1: House Special Associate Council to President Clinton, impeachment of yesteryear folks,

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Speaker 1: and co founder and partner of the public relations from

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Speaker 1: Trident d MG. But first, I just got back from

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Speaker 1: the White House. In the East Room of the White

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Speaker 1: House where President and Yes So of Finland was meeting

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Speaker 1: with President Trump and it was a doozy folks. That's

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Speaker 1: all I can tell you. And we're going to dive

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Speaker 1: into it with two all stars because the impeachment saga

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Speaker 1: drags on. Adam Goldberg's here. He's former White House Special

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Speaker 1: Associate Council to President Clinton and co founder and partner

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Speaker 1: of public relations from Trina DMG. Adam, I'm so thrilled

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Speaker 1: to finally get you in the mix here. We've had

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Speaker 1: your colleagues on. We're super grateful to have you here

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Speaker 1: because you really have an insight into what it's like

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Speaker 1: dealing with an impeachment and as all of this is

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Speaker 1: going on, your insights are deeply valuable to us. So

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Speaker 1: thanks for being here. Matt Mawer's returns. He's back from Seoul, right,

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Speaker 1: you're insult Yeah wow. So we're gonna get the foreign

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Speaker 1: policy dispatch from you as well. He's a former senior

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Speaker 1: White House advisor for the State's Department in the Trump

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Speaker 1: administration and now he's president of Matt Mauer's l l C.

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Speaker 1: All right, so I'm in the East room and we

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Speaker 1: think we're gonna be talking Huawei in the Arctic Circle

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Speaker 1: with a little bit of the impeachment news drawn in,

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Speaker 1: and then this New York Times story breaks. Did you

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Speaker 1: see this New York Times story breaks? Literally minutes I'm

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Speaker 1: telling you, minutes before President Trump walks out in the

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Speaker 1: east room, we get this headline alert. I got the

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Speaker 1: alert on the Bloomberg terminal. It says, this is the

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Speaker 1: headline from the New York Times. Schiff House Intel chairman

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Speaker 1: got early accounts of whistle blowers accusations. The lead reads,

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Speaker 1: the Democratic head of the House Intelligence Committee, Congressman Adam

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Speaker 1: Schiff of California, learned about the outlines of a CIA

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Speaker 1: officers concerns that President Trump had abused his power days before,

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Speaker 1: for the officer filed a whistle blower complaint. This according

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Speaker 1: to a spokesman and current and former American officials. So

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Speaker 1: Fox News John Roberts, great reporter by the way, asks

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Speaker 1: the President specifically about this and Matt Mauer's The President says, essentially,

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Speaker 1: this is further evidence that this was a politicized impeachment inquiry. Yeah.

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Speaker 1: I mean, you know, that story sounds very familiar to

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Speaker 1: me because it's a similar situation of what happened to

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Speaker 1: Brett Kavanaugh when you know, a lot of his accusers

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Speaker 1: had actually contacted Barbara Finstein's office before they made the accusation.

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Speaker 1: So this is now the second time that a Democratic

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Speaker 1: legislator had a heads up on an issue that would

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Speaker 1: become a political wedge in their mind against the President.

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Speaker 1: Adam Goldberg as a Democrat UH. The Democrats Housing held

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Speaker 1: UH spokesman for for chairmanship, Patrick Boland, sent in a

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Speaker 1: statement to The Times quote, like other whistle blowers have

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Speaker 1: done before and since under Republican and Democratic controlled committees,

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Speaker 1: the whistle blower contacted the committee for guidance on how

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Speaker 1: to report possible wrongdoing within the jurisdiction of the intelligence community.

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Speaker 1: So they're saying that they followed protocol, Well they did.

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Speaker 1: All you have to do is look at President Trump's

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Speaker 1: own regulations about what intelligence whistle blower should do. And

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Speaker 1: those regulations say you could go to the i G

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Speaker 1: which he did, and you should go to Congress, which

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Speaker 1: he did. And then Senate Republican Bird today in this afternoon,

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Speaker 1: his chairman of the Senate Intelligence Committee right put out

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Speaker 1: a statement today letting folks know that, yes, when Shift's

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Speaker 1: staff told the whistle blower to go get a lawyer.

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Speaker 1: That's exactly what both sides do. That's exactly what they

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Speaker 1: should have done. But from an outside perspective, if you're

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Speaker 1: an independent voter and you're trying to make sense of this,

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Speaker 1: the president has seized upon this. I was in the

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Speaker 1: East room. The President is seizing on this and saying,

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Speaker 1: we'll see that. He went right to the committee. They

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Speaker 1: knew it was coming. It's why the chairman was hammering

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Speaker 1: for there to be a release of the transcript and

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Speaker 1: the whistleblower complaint. They're saying politics, Well, this is what

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Speaker 1: President Trump does. He creates a shiny little object to

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Speaker 1: turn your attention to away from the facts. The whistleblowers

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Speaker 1: credibility actually matters nothing, because we have the White House

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Speaker 1: his own rendition about his phone call with the Ukrainian

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Speaker 1: president will have the actual facts, not the whistleblowers complaint. Also,

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Speaker 1: just one other thing that doesn't hasn't got enough attention,

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Speaker 1: is that the whistle the White House knew long before

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Speaker 1: Congress that there was a complaint, and that the whistle

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Speaker 1: blower had filed the complaint because the whistle blower had

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Speaker 1: actually gone to the General Council of the CIA. Take

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Speaker 1: a Listen to what President Trump said earlier today at

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Speaker 1: the White House about Chairman Chef here is Chiff went

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Speaker 1: up and he got as the chairman of the committee

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Speaker 1: got up and related a call that didn't take place.

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Speaker 1: He made up the language. I'm hard to believe nobody's

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Speaker 1: ever seen this. I think he had some kind of

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Speaker 1: a mental breakdown. So the President insinuating that going after

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Speaker 1: the chairman of the Intelligence Committee. Meanwhile, he was also

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Speaker 1: asked whether or not he's going to comply with these

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Speaker 1: subpoenas that have been issued three how congressional committees today

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Speaker 1: issuing subpoenas to a host of different officials as it

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Speaker 1: relates to the administration's relationship with Ukraine. Take a listen

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Speaker 1: to what President Trump said about Speaker Pelosi and subpoenas.

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Speaker 1: Nancy Pelosi hands out subpoenas like you know, she has

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Speaker 1: to approve it. She hands out subpoenas like their cookies.

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Speaker 1: You want a subpoena, here, you go, take them like

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Speaker 1: their cookies. Speaker Pelosi, for her part, is now pointing

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Speaker 1: back at the administration and an interview with ABC's George

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Speaker 1: Stephanopolis and saying that President Trump scared. Here's the Speaker

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Speaker 1: of the House. I think the president knows the argument

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Speaker 1: that can be made against him, and he's scared, and

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Speaker 1: so he's trying to divert attention from that. Not ours

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Speaker 1: makes sense of all of this back and forth pickering

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Speaker 1: for us. Yeah, here, here's the fact of the matter. Right,

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Speaker 1: nearly half the Democratic Caucus, actually more than half the

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Speaker 1: Democratic Caucus had supported impeachment even before we were even

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Speaker 1: talking about Ukraine. The fact is that Democratic Caucus has

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Speaker 1: politicized this issue, is more intent on trying to find

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Speaker 1: any reason they can to try to remove Donald Trump

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Speaker 1: from office before the end of his term that he

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Speaker 1: was duly elected to. It doesn't matter the reason, It

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Speaker 1: doesn't matter the facts. They're gonna you know, draw the

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Speaker 1: you know, they're gonna paint by number around the colors

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Speaker 1: in order to try to actually paint the president in

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Speaker 1: a in a negative light. This is politics, pure and simple. Well,

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Speaker 1: I mean, the irony here is it's not the Democrats

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Speaker 1: painting President Trump in a negative light. It's his own

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Speaker 1: words and the words put out by the White House.

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Speaker 1: It wasn't the Democrats who told President Trump to extore

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Speaker 1: the Ukrainian president with funds and arms in exchange for

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Speaker 1: helping his campaign. That was the president's own words. So, Adam,

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Speaker 1: coming up, we're gonna talk. We're going to dive into

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Speaker 1: the very specific development of all of this, which is

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Speaker 1: why this issue of Hunter Biden was even brought up

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Speaker 1: on the Ukraine phone call to begin with. But just

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Speaker 1: just right here, Adam, you're saying it doesn't matter regardless

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Speaker 1: of whether or not there were who got the complaint

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Speaker 1: first or who went to who first, because the transcript

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Speaker 1: says enough. It's the transcript enough. But that you and

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Speaker 1: I both know this, Adam, that's not enough to convince

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Speaker 1: Senate Republicans, the twenty Senate Republicans, to to convict Well,

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Speaker 1: we'll see, right some Senate Republicans are out there holding

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Speaker 1: their powder, being a little bit more moderate than I

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Speaker 1: gotta put. I talked to a lot of I don't

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Speaker 1: think that twenty Republicans right now are going to do that.

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Speaker 1: You're telling I'm still old fashioned, and I even have

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Speaker 1: faith in the Grand Republican parted one thing I Adam,

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Speaker 1: also faith in facts. I think when the Republican sunders

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Speaker 1: see the facts, they're going to, you know, vote along

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Speaker 1: the facts. And we're not gonna see any impeachment conviction.

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Speaker 1: One thing we can all agree on. It was a

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Speaker 1: heck of a game. See what I did there. I

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Speaker 1: didn't curse, unlike the president's tweet today. It was a

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Speaker 1: heck of a game last night. But there's Washington Nationals

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Speaker 1: coming up. Much more on impeachment. Download the Bloomberg Sound

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

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

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

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Speaker 1: Panel stays the legendary Adam Goldberg, the legendary Matt Mahers.

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Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television of

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Speaker 1: Bloomberg Radio. You're listening to Bloomberg. You're listening to Bloomberg

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Speaker 1: Sound On with Kevin Currel on Bloomberg and one oh

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Speaker 1: five point seven F M H D two. I'm Kevin Cirelli,

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Speaker 1: chief Washington correspondent from Bloomberg Television of Bloomberg Radio. We

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Speaker 1: were talking about the press conference earlier today in the

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Speaker 1: back and forth back and forth New York Times with

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Speaker 1: a bombshell report that House Intel Committee Chairman Adam Schiff

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Speaker 1: Democrat from California got an early account of the whistleblowers accusations.

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Speaker 1: We've covered that with Matt Maher's, former senior White House

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Speaker 1: advisor for the State Department and the Trump administration and

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Speaker 1: now president of Matt Maher's LLC. And Adam Goldberg is

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Speaker 1: here former White House Special Associate ac Council to President Clintson,

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Speaker 1: co founder and partner of public relations firm trin At DMG,

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Speaker 1: Adam or you have in days I am I'm having

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Speaker 1: like PTSD. I think pain and suffering because you were

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Speaker 1: in the in the Clinton administration, uh, during that that thing,

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Speaker 1: that's right, yeah, the last the last impeachment. So what

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Speaker 1: was it like to be like what? What do you

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Speaker 1: I know you don't have any sympathy for the Trump administration,

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Speaker 1: but what do you think they're thinking as they're literally

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Speaker 1: going through this? So well, that's a that's a tough

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Speaker 1: thing because I can never try to divine what President

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Speaker 1: Trump and his staff are thinking. I just I don't

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Speaker 1: I don't see a strategy. I don't see a capability

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Speaker 1: to respond to it. But I'm sure they're in deep.

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Speaker 1: What was your role in the last impeachment inquiry? So

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Speaker 1: I was there to provide political and communications advice on

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Speaker 1: how to help that communication. When you think of the

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Speaker 1: Monica Lewinsky scandal, what does your mind must go to

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Speaker 1: one specific memory? What does that mean? I don't know.

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Speaker 1: If I could say this on air, you can call.

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Speaker 1: I got from a Newsweek reporter saying that he's gotten

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Speaker 1: a report about something in the Star reported about a

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Speaker 1: cigar and then he just ride that to me and

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Speaker 1: wanted to know what The White House response was, Wow,

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Speaker 1: that was painful. What did you say that party? What

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Speaker 1: were you addressed as? I don't know my question? Were

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Speaker 1: you addressed as? What were you addressed as? You know?

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Speaker 1: I don't remember, But do you remember what you said?

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Speaker 1: I think I was in black? Um, do I remember

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Speaker 1: what I said? I said, I'm gonna get Joe Locker

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Speaker 1: on on the phone for you. All right, Well let's

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Speaker 1: leave it there, all right. So at the White House

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Speaker 1: today and the next impeachment saga, I've even made about

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Speaker 1: ours laugh at that. The The Jeff Mason of Reuters

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Speaker 1: really did some excellent reporter. He had this exchange with

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Speaker 1: President Trump. I don't want to play a portion for

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Speaker 1: for everybody now. It was in the East room of

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Speaker 1: the White House, and I was struck by this. As

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Speaker 1: I was watching, Mason asked the president repeatedly, why were

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Speaker 1: you bringing up the bidens with Ukraine? President Zelinski? To

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Speaker 1: begin with, take a listen to the exchange we have

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Speaker 1: the president of Finland. Asked him a question. I have

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Speaker 1: one for him. I just wanted to follow up on

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Speaker 1: the one that I asked you, which did you hear me?

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Speaker 1: Did you want you hear me? Ask him a question?

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Speaker 1: I will, but giving you a long answer. Ask this

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Speaker 1: gentleman a question. Don't be rude. That person laughing is

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Speaker 1: the President of Finland. By the way, So Matt Mours,

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Speaker 1: I think it's a fair question for independent voters who,

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Speaker 1: even if they're for impeachment or not for impeachment, that

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Speaker 1: they want to know why did President Trump bring up

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Speaker 1: Hunter Biden on a foreign phone call, as the transcript says,

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Speaker 1: to begin with, why was that even relevant? Yeah? I mean, look,

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Speaker 1: I think what voters are going to get to see

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Speaker 1: here is really a front row seat to how the

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Speaker 1: swamp works. Right, if you're related to someone in office

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Speaker 1: or the vice president United States, you can now sit

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Speaker 1: on the board with no requisite experience. Uh and and

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Speaker 1: attract a huge sum of money that would make anyone

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Speaker 1: in the rest of America looking. So I think the

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Speaker 1: other piece here is, if I'm Joe Biden, I'm calling

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Speaker 1: up Nancy Plosi, I'm saying, what the heck are you doing?

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Speaker 1: Because all this is going to do is splash all

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Speaker 1: of Joe Biden's skeletons right all over you know, CNN

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Speaker 1: and Bloomberg and the rest of them, um for Democratic

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Speaker 1: primary voters to white just as Elizabeth Warren as do.

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Speaker 1: I get that. But as a practical matter, though, there

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Speaker 1: are plenty of ways the three of us in this

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Speaker 1: firm know this to bring up politicians dirt and nepotism

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Speaker 1: and all that. But but a president bringing up a

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Speaker 1: president digging for political dirt. You you think he'd be

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Speaker 1: calling up Roger Stone, not the president of Ukraine. I mean,

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Speaker 1: why was he doing that to begin with? I mean,

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Speaker 1: I think that would make any I think you can,

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Speaker 1: I think a supporter or a detractor the president can

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Speaker 1: can ask a logical question, which is called Corey Lewandowski

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Speaker 1: called I don't know you know anyone, and you're on

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Speaker 1: your campaign reelect about strategy, But why are you calling

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Speaker 1: the president of the crane about Let's remember that wasn't

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Speaker 1: the purpose of the call and presidents Lensky brought up

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Speaker 1: into The President responded, Um, so you know, could the

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Speaker 1: president chosen his words more? Yeah, of course, I think

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Speaker 1: he's going to have to give a better explanation than

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Speaker 1: the one he gave today. I don't know because I

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Speaker 1: think that because you know, because here's here's the reason why.

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Speaker 1: Because this issue isn't about that anymore. This issue has

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Speaker 1: just become a political issue now because the Democrats have

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Speaker 1: been so intent on trying to impeach them for whatever

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Speaker 1: reason at any time, that they've politicized the issue to

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Speaker 1: the point where I'm not sure the Democrats even care

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Speaker 1: what the facts say. They've already made the determination with

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Speaker 1: the outcome of day. So what you're asking is why

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Speaker 1: did the president commit an impeachable offense? Why did he

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Speaker 1: violate his oath of office? And we'll never know what

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Speaker 1: I'm asking because I'm not taking a position, I'm a reporter.

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Speaker 1: What I'm asking is does the president have to give

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Speaker 1: more of it? You're saying that's an impeachable offense, but

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Speaker 1: yes he does. Right now. The only thing that his

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Speaker 1: defenders are saying are providing a conspiracy theory that even

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Speaker 1: conspiracists have rejected that somehow, you know, the Bidens were

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Speaker 1: involved in shutting down a prosecutor investigating the company that

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Speaker 1: Biden set his son set on the company, even though

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Speaker 1: the prosecutor they were trying to get the prosecutor too

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Speaker 1: investigate that. Come. Look, I think I think essentially what

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Speaker 1: the Republicans are doing is trying to knock Biden down

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Speaker 1: a couple of not just just like the Democrats have

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Speaker 1: been trying to knock the Trump's down a couple of Kevin.

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Speaker 1: You could you could walk outside Bloomberg right now, swing

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Speaker 1: a dead cat and hit about four or five lobbyists

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Speaker 1: who work with Hunter Biden. Hunter Biden and by the

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Speaker 1: don't like you should know about me hours cats. Actually

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Speaker 1: you could throw You could throw a pebble around him

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Speaker 1: and hit four or five Hunter and and by the way,

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Speaker 1: Joe Biden's brother Jimmy. As it's been reported, it has

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Speaker 1: also been involved in a lot of these these issues,

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Speaker 1: and not just in Ukraine, but China and other countries

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Speaker 1: as well, with a lot of shady cash flown around.

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Speaker 1: I'm sorry, it's crazy that we're talking about this and

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Speaker 1: not the president's own actions and not the actions of

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Speaker 1: the White House to cover up the president's actions. And

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Speaker 1: what I want to ask you, all right, because I

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Speaker 1: want to stick. I don't want to get into a

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Speaker 1: shouting match. And this is why I'm so grateful to

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Speaker 1: have both of you here, because you both bring the

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Speaker 1: insight into what each camp is thinking. But it gives

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Speaker 1: people a new look into one from Adam's perspective, what

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Speaker 1: it's like to actually work in an impeachment Washington. Were

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Speaker 1: you guys able to get other policy done during that

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Speaker 1: in peace? Yes? I mean this so far, this is

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Speaker 1: one huge difference between President Trump and President Clinton. President

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Speaker 1: not if that gets done, but he's been walling himself. Uh.

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Speaker 1: President Clinton walled himself off. He rarely dealt with it.

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Speaker 1: There was an isolated team within the White House. Everybody

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Speaker 1: else was commanded to continue doing business here. It seems

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Speaker 1: the entire White houses here. You are at a Halloween

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Speaker 1: party and your fielding calls from you. That was my job.

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Speaker 1: That's what job, you know? Um? All right, coming up,

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Speaker 1: we're gonna take a break. We're gonna talk some regulation

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Speaker 1: on marijuana. A weed A weed break on marijuana we've

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Speaker 1: got uh, Charlie Wilson's calling it. He's the chief revenue

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Speaker 1: officer of Green Bits, and he's going to talk to

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Speaker 1: us about the Safe Banking Act passage, which we didn't

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Speaker 1: get to last week because of Ukraine. And I don't

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Speaker 1: know if you if everybody followed this, but the House

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Speaker 1: passed by partisan legislation. Hey, in the middle of an

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Speaker 1: impeachment UH inquiry that allows for financial institutions to do

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Speaker 1: banking with these cannabis cannabis companies, that's coming up. Panel's

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Speaker 1: gonna stick around Adam, Adam Goldberg, Matt Mawer's download the

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Speaker 1: Bloomberg Sound On podcast on Apple iTunes, at Bloomberg dot

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Speaker 1: com or by downloading the Bloomberg Business App. You can

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Speaker 1: also find us on Radio dot com, I Heart Radio

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Speaker 1: and Spotify. I'm Kevin Sirelli, Chief Washington Correspondent, FRO Bloomberg

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Speaker 1: TV and Radio. You're listening to Bloomberg. This is Bloomberg

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Speaker 1: Sound On with Kevin Surle on Bloomberg and one oh

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Speaker 1: five point seven D two. All right, we're gonna take

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Speaker 1: a criek from that impeachment inquiry and that fiery press

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Speaker 1: conference with President Trump at the East Room from early

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Speaker 1: year today, and we're going to talk about a piece

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Speaker 1: of policy that caught everybody off guard last week. Elizabeth

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Speaker 1: Dexheimer Bloomberg's Elizabeth Dexheimer reporting last week on the Bloomberg terminal. Quote,

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Speaker 1: the US House advanced legislation designed to let banks do

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Speaker 1: business with cannabis companies in states that permit marijuana sales,

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Speaker 1: a step that some supporters see is helping to pave

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Speaker 1: the way to nationwide legalization. That's Elizabeth Dexheimer's reporting on

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Speaker 1: the Bloomberg terminal. It's called the Safe Banking Act and

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Speaker 1: what it would do. It passed three hundred and three

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Speaker 1: bipartisan vote last Wednesday. And what do we do is

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Speaker 1: protect lenders from federal punishment for doing business with firms

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Speaker 1: in the industry. And joining us now on the line

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Speaker 1: is the chief revenue officer of Green Bits what I'm

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Speaker 1: assuming is marijuana Food, Charlie Wilson is on the line.

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Speaker 1: And Charlie, first of all, thank you so much for

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Speaker 1: being here. But my my immediate question is when is

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Speaker 1: the Senate going to take it up? Yeah, So, as

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Speaker 1: you mentioned, it had a very favorable outcome in the

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Speaker 1: House late last month, and we think the Senate will

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Speaker 1: put attention on it later in the year. Senator Prapo

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Speaker 1: Um sent a banking committee has kind of committed his

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Speaker 1: energy to UH thread this needle, and UM we're optimistic

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Speaker 1: that it's gonna get the time of day and successfully passed.

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Speaker 1: You know, Charlie, one of the things that we've talked

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Speaker 1: about on this program before is just there's so much

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Speaker 1: not just market confusion, but regulatory disfunction between all of

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Speaker 1: the different states that have legalized marijuana those that haven't

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Speaker 1: legalized it. Then you've got the c b D market

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Speaker 1: that's booming, but then you also have this divide between

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Speaker 1: state regulations and federal regulations. What is the market looking

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Speaker 1: for and what are consumers looking for as it relates

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Speaker 1: to certainty in this industry. Yeah, you're absolutely right. You know,

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Speaker 1: we agreed that we UH provide technology to cannabis operators

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Speaker 1: across their team states seeing about three billion dollars a

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Speaker 1: year in annual sales, about one and every four dollars

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Speaker 1: of legal cannabis sold. As a byproduct of that, we

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Speaker 1: have a good visit ability to this patchwork quilt that

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Speaker 1: you referred to, UM, and I think you know, what

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Speaker 1: people are looking for is kind of normalcy. Um to

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Speaker 1: the degree you can kind of bring products and services

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Speaker 1: like banking and financial services into the industry, you create

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Speaker 1: a safer environment for the communities that have these these businesses.

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Speaker 1: You create creator transparency which works well for regulators. You

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Speaker 1: create greater efficiency for the owners and operators themselves, and

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Speaker 1: all of that translates to a better experience and for

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Speaker 1: consumers and customers. You know, go ahead, go ahead, No.

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Speaker 1: I was just gonna say, I was struck by this.

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Speaker 1: The American Bankers Association, which represents all of the large

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Speaker 1: financial institutions in the country, and other banks as well.

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Speaker 1: Rob Nichols, he's the American Bankers Association President and CEO.

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Speaker 1: He issued a statement after this got through the House,

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Speaker 1: and they were instrumental working behind the scenes and getting

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Speaker 1: this done, he says, quote. By helping to provide clarity

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Speaker 1: for the financial sector in those states where cannabis is legal,

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Speaker 1: this bill will help banks meet the needs of their

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Speaker 1: communities while reducing cash motivated crimes, increasing the efficiency of

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Speaker 1: tax collections, and improving the cannabis industry's financial accountability. Charlie

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Speaker 1: I was really struck by this and if you're just

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Speaker 1: joining us. Charlie Wilson's joining us. He's the chief revenue

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Speaker 1: officer of green Bits. I was really struck that even

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Speaker 1: in states where marijuana is legalized, a lot of these banks,

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Speaker 1: you know, whether you're a big bank, small bank, community bank,

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Speaker 1: you have to use cash. They literally have they have

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Speaker 1: they have like boxes of cash were because they can't

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Speaker 1: allow for financial institutions to even put it on the books.

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Speaker 1: It's it's antiquated. No, absolutely right. So financial institutions, they're

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Speaker 1: federally regulated entities, and where you have a environment where

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Speaker 1: federal law is different than state law, these big financial

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Speaker 1: institutions and small financial institutions UM are very cautious and

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Speaker 1: and understandably so, of servicing an industry that could be

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Speaker 1: perceived or or could be you know, challenged by their

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Speaker 1: own examinations or their their federal oversight groups. UM. So

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Speaker 1: as a result, they largely stand on the sideline. And

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Speaker 1: what you have is a rapidly growing industry that spans

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Speaker 1: thirty three states, you know, more than million Americans that

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Speaker 1: is effectively in all cash industry UM and that's not

429
00:23:21,760 --> 00:23:25,200
Speaker 1: just the licensed operators, not the dispensaries or the growers

430
00:23:25,359 --> 00:23:29,000
Speaker 1: it extends to ancillary businesses like our own, for example,

431
00:23:29,400 --> 00:23:31,960
Speaker 1: whether it be an accounting firm or a technology company.

432
00:23:32,520 --> 00:23:37,960
Speaker 1: So you have a large universe of operators transacting essentially

433
00:23:38,000 --> 00:23:41,520
Speaker 1: all in cash, which just you know doesn't doesn't create

434
00:23:41,640 --> 00:23:45,280
Speaker 1: as safe an environment or as an efficient or transparent

435
00:23:45,359 --> 00:23:48,639
Speaker 1: environment as each otherwise have. Charlie Wilson, you've been so

436
00:23:48,760 --> 00:23:51,240
Speaker 1: generous with your time, and just one final question for you.

437
00:23:52,000 --> 00:23:53,879
Speaker 1: You know there look, I mean there is still you

438
00:23:53,960 --> 00:23:57,960
Speaker 1: know this, there are folks who say, you know, marijuana weed,

439
00:23:58,440 --> 00:24:02,600
Speaker 1: th HC, CBD, we gotta investigate it, we gotta we

440
00:24:02,680 --> 00:24:05,080
Speaker 1: gotta study it, We gotta research it, you know, and

441
00:24:05,119 --> 00:24:08,200
Speaker 1: there has to be some more research into what it means,

442
00:24:08,240 --> 00:24:10,240
Speaker 1: the effects that it's going to have on kids and whatnot.

443
00:24:10,800 --> 00:24:13,679
Speaker 1: But my question to you is, in states where it's legalized,

444
00:24:14,200 --> 00:24:19,080
Speaker 1: how would getting the financial sector behind it encourage there

445
00:24:19,160 --> 00:24:22,720
Speaker 1: to be the type of research and safe practice usage

446
00:24:22,800 --> 00:24:28,800
Speaker 1: research that would help uh, the culture as a whole. Yeah,

447
00:24:28,800 --> 00:24:31,000
Speaker 1: if you bring financial services to the equation, you just

448
00:24:31,440 --> 00:24:34,719
Speaker 1: further facilitate the regulated environment. And it's the regulated environment

449
00:24:34,760 --> 00:24:37,359
Speaker 1: that puts the protections in place to ensure that the

450
00:24:37,400 --> 00:24:39,520
Speaker 1: product gets into the hands of people that can make

451
00:24:39,600 --> 00:24:41,880
Speaker 1: that responsible choice and not in the hands of people

452
00:24:41,880 --> 00:24:44,600
Speaker 1: who shouldn't be making that or consuming that product. Because

453
00:24:44,640 --> 00:24:48,119
Speaker 1: it's happening and it's here. Uh and and like you said, uh,

454
00:24:48,480 --> 00:24:49,600
Speaker 1: you know, if you don't want to have it on

455
00:24:49,640 --> 00:24:52,280
Speaker 1: the black market, then have it on you know, here

456
00:24:52,400 --> 00:24:54,160
Speaker 1: for for folks to look at all. Right, our thanks

457
00:24:54,200 --> 00:24:56,640
Speaker 1: to Charlie Wilson, he's the chief revenue officer of green Bits,

458
00:24:56,920 --> 00:24:59,440
Speaker 1: talking about that bi partisan legislation that passed in the

459
00:24:59,520 --> 00:25:02,120
Speaker 1: House of re Presentatives last week that had the weight

460
00:25:02,560 --> 00:25:06,240
Speaker 1: of Wall Street behind it and the banking sector behind it.

461
00:25:06,359 --> 00:25:09,240
Speaker 1: Coming up much more on the impeachment inquiry, plus we

462
00:25:09,359 --> 00:25:12,480
Speaker 1: dabble in foreign policy. Download the Bloomberg Sound On podcast

463
00:25:12,800 --> 00:25:15,760
Speaker 1: on Apple iTunes, at Bloomberg dot com, or by downloading

464
00:25:15,760 --> 00:25:18,080
Speaker 1: the Bloomberg Business app. You can also find us on

465
00:25:18,359 --> 00:25:21,919
Speaker 1: Radio dot com, I Heart Radio, and Spotify. I'm Kevin Serelli.

466
00:25:22,000 --> 00:25:30,399
Speaker 1: You're listening to Bloomberg. You're listening to Bloomberg Sound On

467
00:25:30,600 --> 00:25:34,600
Speaker 1: with Kevin Surley on Bloomberg and one on five point

468
00:25:34,680 --> 00:25:38,720
Speaker 1: seven f M h D two. I'm Kevin Serelli. Sheef

469
00:25:38,760 --> 00:25:42,919
Speaker 1: Washington correspondent for Bloomberg Television, Bloomberg Radio. Busy day at

470
00:25:42,960 --> 00:25:45,280
Speaker 1: the White House, folks, I mean we're we're we're living

471
00:25:45,320 --> 00:25:47,879
Speaker 1: through another impeachment. I mean that there's really no other

472
00:25:47,960 --> 00:25:50,080
Speaker 1: way to say. And I just want to say, I'm

473
00:25:50,119 --> 00:25:52,760
Speaker 1: gonna bring both sides. I'm gonna say what the White

474
00:25:52,800 --> 00:25:55,440
Speaker 1: House is saying, and I'm gonna say what Democrats is saying.

475
00:25:55,480 --> 00:25:57,760
Speaker 1: And I'll let you decide. But it's not my job

476
00:25:57,880 --> 00:26:00,359
Speaker 1: to pick sides. It is my job to to to

477
00:26:00,600 --> 00:26:03,639
Speaker 1: bring you the latest on what happens and two people

478
00:26:03,760 --> 00:26:06,320
Speaker 1: who and to bring you guests and panelists who know

479
00:26:06,440 --> 00:26:08,159
Speaker 1: what they're talking about for each of their sides. And

480
00:26:08,240 --> 00:26:10,720
Speaker 1: today we have two of those people. Matt Mauer's former

481
00:26:10,800 --> 00:26:13,040
Speaker 1: Senior White House Advisor for the States Department in the

482
00:26:13,040 --> 00:26:16,240
Speaker 1: Trump White House. He's also president of Matt Mauer's ll

483
00:26:16,400 --> 00:26:20,160
Speaker 1: l C. Also Adam Goldberg, he's the former White House

484
00:26:20,240 --> 00:26:25,040
Speaker 1: Special Associate Council to President Bill Clinton during that impeachment,

485
00:26:25,400 --> 00:26:28,240
Speaker 1: and he's co founder and partner of public relations firm

486
00:26:28,600 --> 00:26:31,040
Speaker 1: Tried a d MG. All right, we've been talking about

487
00:26:31,040 --> 00:26:33,560
Speaker 1: the impeachment inquiry. I want to get to the other

488
00:26:33,720 --> 00:26:36,840
Speaker 1: stories of the day and what's on your radar. I'm

489
00:26:36,840 --> 00:26:40,359
Speaker 1: gonna kick things off with what's on my radar, because

490
00:26:40,400 --> 00:26:44,080
Speaker 1: there was some market news today because stocks tumbled as

491
00:26:44,400 --> 00:26:47,800
Speaker 1: bonds climbed as slow down beers mounts. I'm reading from

492
00:26:47,800 --> 00:26:51,359
Speaker 1: the Bloomberg Terminal. US stocks tumbled today to the lowest

493
00:26:51,440 --> 00:26:56,119
Speaker 1: since August, as another disappointing report fueled fears that the

494
00:26:56,160 --> 00:27:00,520
Speaker 1: American economy is slowing. Treasuries climbed with gold and the

495
00:27:00,640 --> 00:27:04,440
Speaker 1: one on demand for haven assets. The SMP five hundred

496
00:27:04,480 --> 00:27:06,680
Speaker 1: suffered its first back to back drops of more than

497
00:27:06,760 --> 00:27:09,680
Speaker 1: one percent this year, pushing its two days slump to

498
00:27:09,800 --> 00:27:13,480
Speaker 1: the most in two months, and private payrolls fell short

499
00:27:13,520 --> 00:27:16,600
Speaker 1: of estimates a day after manufacturing engage slump to the

500
00:27:16,640 --> 00:27:20,359
Speaker 1: lowest in a decade. The basis for all of this, folks,

501
00:27:20,800 --> 00:27:24,920
Speaker 1: is this uncertainty around trade, and not just US US

502
00:27:25,000 --> 00:27:28,480
Speaker 1: centric trade relations, but also the dynamics of Brexit and

503
00:27:28,560 --> 00:27:31,359
Speaker 1: the situation with regards to Europe. And even within the

504
00:27:31,480 --> 00:27:34,920
Speaker 1: last hour, as I've been on air headlines crossing the

505
00:27:34,960 --> 00:27:38,679
Speaker 1: Bloomberg Terminal, that the US is set to add additional

506
00:27:38,840 --> 00:27:45,240
Speaker 1: tariffs on Irish and Scottish whiskey's um and meanwhile, your

507
00:27:45,280 --> 00:27:49,600
Speaker 1: old boss Matt Mawer's Secretary of State, Mike Pompeo, he

508
00:27:49,880 --> 00:27:52,119
Speaker 1: was with I believe he was at the Italians today

509
00:27:52,920 --> 00:27:56,680
Speaker 1: and he got yesterday too. Yes, and this, uh, leave

510
00:27:56,720 --> 00:27:59,359
Speaker 1: it to the Italians. I'm fifty Italians, so I you know,

511
00:27:59,440 --> 00:28:01,080
Speaker 1: I like to think I know a thing to about

512
00:28:01,119 --> 00:28:05,520
Speaker 1: Italian food, but I guess this Italian media personality, I

513
00:28:05,560 --> 00:28:07,000
Speaker 1: don't want to use the word protests and what it

514
00:28:07,119 --> 00:28:09,520
Speaker 1: was kind of funny and I think even the Secretary

515
00:28:09,560 --> 00:28:12,800
Speaker 1: crack a smile, brought on a large thing of parmesan

516
00:28:13,000 --> 00:28:17,120
Speaker 1: cheese and I said, please don't tear if this Mr Secretary,

517
00:28:17,400 --> 00:28:20,040
Speaker 1: I just wonder if protocol officer had to accept it

518
00:28:20,080 --> 00:28:22,280
Speaker 1: as a formal gift and write down. I don't have

519
00:28:22,400 --> 00:28:25,720
Speaker 1: to check farah. But but just to quickly on the

520
00:28:25,840 --> 00:28:27,560
Speaker 1: on the issue of the markets, it was a volatile

521
00:28:27,680 --> 00:28:30,440
Speaker 1: day in the markets. And next week we're anticipating the

522
00:28:30,600 --> 00:28:33,080
Speaker 1: Chinese Vice Premier to come here in Washington, d C.

523
00:28:33,280 --> 00:28:36,640
Speaker 1: There's another mid October deadline for tariffs that they would

524
00:28:36,680 --> 00:28:39,960
Speaker 1: be set to increase, so maybe there'll be some positive

525
00:28:40,040 --> 00:28:43,360
Speaker 1: news on on that front coming next week, and then

526
00:28:43,400 --> 00:28:46,840
Speaker 1: there's another round of tariffs against China set to increase

527
00:28:46,880 --> 00:28:49,320
Speaker 1: in mid December. I think we're like a couple of

528
00:28:49,400 --> 00:28:52,200
Speaker 1: days into the fourth quarter for for the markets. But

529
00:28:52,280 --> 00:28:55,200
Speaker 1: there's so much volatility map hours that that could have

530
00:28:55,240 --> 00:28:58,080
Speaker 1: an impact on the election though. Uh, well it's to

531
00:28:58,160 --> 00:29:00,200
Speaker 1: etally to tell, right, I mean, every every time I

532
00:29:00,280 --> 00:29:02,560
Speaker 1: come on this show, uh, you know the market, we

533
00:29:02,640 --> 00:29:04,640
Speaker 1: think the market's gonna drop for a longer period of time,

534
00:29:04,640 --> 00:29:06,320
Speaker 1: and it doesn't, right, it picks right back up. So

535
00:29:06,360 --> 00:29:09,120
Speaker 1: I think it's still early to tell. Um. Indications are

536
00:29:09,160 --> 00:29:11,640
Speaker 1: still that the market overall economy is gonna be very

537
00:29:11,640 --> 00:29:15,200
Speaker 1: strong for UM. So as long as the economy stays

538
00:29:15,200 --> 00:29:17,680
Speaker 1: in strong places on its unemployment remains a low wage

539
00:29:17,720 --> 00:29:20,600
Speaker 1: growth is up. UM. If the stock market remains you know,

540
00:29:20,720 --> 00:29:23,240
Speaker 1: near all time highs. I mean we're talking about a

541
00:29:23,320 --> 00:29:25,920
Speaker 1: two day dip. Let's let's see where the markets are

542
00:29:25,920 --> 00:29:27,520
Speaker 1: at at this point next, right, So the markets are

543
00:29:27,560 --> 00:29:29,680
Speaker 1: what's on my radar? And you were telling me that

544
00:29:29,760 --> 00:29:32,360
Speaker 1: actually there's a trade element, Matt Maurs, that's on your radar.

545
00:29:32,440 --> 00:29:35,640
Speaker 1: What's on your radar? Yeah? So I think despite all

546
00:29:35,640 --> 00:29:38,360
Speaker 1: of the political noise, it sounds like we still maybe

547
00:29:38,360 --> 00:29:41,760
Speaker 1: it would make progress on the US Mexico Canada agreement. UM.

548
00:29:41,920 --> 00:29:44,560
Speaker 1: Nancy Pelosi actually just said in the past day or

549
00:29:44,600 --> 00:29:47,640
Speaker 1: so that, uh, you know, silence on it is a

550
00:29:47,680 --> 00:29:49,960
Speaker 1: good thing. It means they're making progress. So you know,

551
00:29:50,040 --> 00:29:52,560
Speaker 1: we'll take we'll take her word on that. UM. But

552
00:29:52,960 --> 00:29:55,040
Speaker 1: you know, this should be a by Parson agreement. It's

553
00:29:55,040 --> 00:29:59,640
Speaker 1: a good deal. It improves NAFTA, It helps American dairy farmers,

554
00:29:59,680 --> 00:30:03,440
Speaker 1: it helps American pharmaceutical manufacturers, it helps for the overall

555
00:30:03,800 --> 00:30:07,680
Speaker 1: UM manufacturer, for automakers. UM. So this is a good

556
00:30:07,720 --> 00:30:10,680
Speaker 1: deal for America. Hopefully Congress finally acts UM, and hopefully

557
00:30:10,680 --> 00:30:12,680
Speaker 1: it's don't have to play a little bit from Speaker

558
00:30:12,680 --> 00:30:15,680
Speaker 1: Pelosi's press conference earlier today where she talks about U

559
00:30:15,800 --> 00:30:17,920
Speaker 1: S M c A. Here's Speaker of the House Nancy Pelosi.

560
00:30:18,000 --> 00:30:20,280
Speaker 1: Here she is, We're on a path to yes as

561
00:30:20,320 --> 00:30:23,640
Speaker 1: far as the trade agreement is concerned. And at some

562
00:30:23,840 --> 00:30:26,480
Speaker 1: point I'm just saying it's either yes or no. We

563
00:30:26,520 --> 00:30:30,200
Speaker 1: either have enforceability or we don't. But I'm hopeful that

564
00:30:30,400 --> 00:30:32,840
Speaker 1: we will and I'm hopeful that it will be soon.

565
00:30:33,800 --> 00:30:37,360
Speaker 1: Adam Goldberg, if you're if you're Speaker Pelosi and you're

566
00:30:37,720 --> 00:30:41,160
Speaker 1: launching this impeachment inquiry, and the criticism is going to

567
00:30:41,280 --> 00:30:44,600
Speaker 1: be from Republicans that Democrats are so obsessed with impeachment

568
00:30:44,640 --> 00:30:47,239
Speaker 1: that they're not able to accomplish any work. And if

569
00:30:47,240 --> 00:30:49,480
Speaker 1: you're President Trump, the criticism is going to be that

570
00:30:49,600 --> 00:30:52,440
Speaker 1: you're so you know, bogged down in scandals that you're

571
00:30:52,480 --> 00:30:55,440
Speaker 1: not able to accomplish any work. Might be actually good

572
00:30:55,520 --> 00:30:58,800
Speaker 1: for both sides to to accomplish us A. Yeah, absolutely,

573
00:30:58,880 --> 00:31:02,160
Speaker 1: there's the incentive for both them. It's very important. Gives

574
00:31:02,200 --> 00:31:04,520
Speaker 1: Trump the ability to show that he is actually able

575
00:31:04,560 --> 00:31:06,960
Speaker 1: to isolate appeachment away and do the country's business. In

576
00:31:07,000 --> 00:31:10,320
Speaker 1: same four Nancy Pelosi. So hopefully they'll they'll get stuff there,

577
00:31:10,400 --> 00:31:13,360
Speaker 1: and and and weirdly enough, it takes some of the

578
00:31:14,440 --> 00:31:18,680
Speaker 1: the the electricity off of the issue. For some of

579
00:31:18,760 --> 00:31:21,280
Speaker 1: the critics of this agreement were progressive say it's not

580
00:31:21,320 --> 00:31:24,200
Speaker 1: progressive enough, and conservatives say it's too I don't know

581
00:31:24,320 --> 00:31:27,720
Speaker 1: in the middle. But because impeachment sucking up all the

582
00:31:27,760 --> 00:31:30,000
Speaker 1: oxygen out of the room and actually might even allow

583
00:31:30,080 --> 00:31:32,240
Speaker 1: it to go. As Speaker peloics, he said, you know,

584
00:31:32,320 --> 00:31:34,080
Speaker 1: no news is good news. Well, sure, I mean now

585
00:31:34,120 --> 00:31:36,480
Speaker 1: that she's actually decided to pursue impeachment and that there's

586
00:31:36,560 --> 00:31:39,720
Speaker 1: potentially impeachable offense here. She certainly has more cover with

587
00:31:39,800 --> 00:31:41,800
Speaker 1: the left who's been pushing her to do impeachment earlier

588
00:31:41,880 --> 00:31:43,960
Speaker 1: based on Muller report. All right, Matten hours, that was

589
00:31:44,000 --> 00:31:45,760
Speaker 1: a good one. U S. M c A. That's what's

590
00:31:45,800 --> 00:31:49,360
Speaker 1: on Matten. Ours is Matt Mowers is Matt Mowers. It's

591
00:31:49,400 --> 00:31:52,240
Speaker 1: like ours with the apostrophe after this? Right, all right, good,

592
00:31:52,520 --> 00:31:55,520
Speaker 1: that's what's everybody, what's on your radar. So the roster

593
00:31:55,600 --> 00:31:59,200
Speaker 1: for the next DNC debate was going as well. It's

594
00:31:59,240 --> 00:32:00,640
Speaker 1: going to be the large this and this is just

595
00:32:00,800 --> 00:32:03,520
Speaker 1: what the Democratic Party needs right now. A SoundBite food

596
00:32:03,560 --> 00:32:07,360
Speaker 1: fight by bottom dwellers trying to eat the top ticket.

597
00:32:07,760 --> 00:32:14,120
Speaker 1: Twelve candidates. This is nuts. October fifty in Ohio twelve

598
00:32:14,480 --> 00:32:17,240
Speaker 1: Democratic presidential They're gonna give opening statements and then it's

599
00:32:17,240 --> 00:32:19,600
Speaker 1: gonna be like dime for your closing. All right, I'm

600
00:32:19,600 --> 00:32:24,040
Speaker 1: gonna say them all. Biden, Warren, Bob Sanders, who, by

601
00:32:24,080 --> 00:32:25,680
Speaker 1: the way, I had a Claude darter and he's off

602
00:32:25,720 --> 00:32:27,720
Speaker 1: the trail. We hope he. We wished him a speedy recovery.

603
00:32:27,920 --> 00:32:33,680
Speaker 1: Pete Buddha Gedge, Kamala Harris, Andrew Yang better overall, Corey Booker, Klobuchar, Uh,

604
00:32:34,320 --> 00:32:40,960
Speaker 1: Castro marian No, Tulci Gabbard uh and I'm Blanket and

605
00:32:41,040 --> 00:32:45,160
Speaker 1: Tom Styre co stars, Tom star stage first time, Mary

606
00:32:45,200 --> 00:32:49,640
Speaker 1: and Williamson. No shame, isn't it. It's a tragedy. Dark shark,

607
00:32:49,840 --> 00:32:53,400
Speaker 1: dark psychic forces are keeping roles. Listen, I mean, when

608
00:32:53,440 --> 00:32:55,160
Speaker 1: you have twelve, I mean your mind as well. Let

609
00:32:56,080 --> 00:32:58,560
Speaker 1: Kamala Harris goes about Tulci Gabbard being back on stage.

610
00:32:58,920 --> 00:33:01,480
Speaker 1: I just don't understand what the thread of this will be.

611
00:33:01,680 --> 00:33:03,560
Speaker 1: I mean, there's there's going to be so many. But

612
00:33:03,640 --> 00:33:06,760
Speaker 1: that is very interesting that we're now only a couple

613
00:33:06,760 --> 00:33:09,960
Speaker 1: of months away from the Ayowa caucus. It's twelve candidates

614
00:33:10,000 --> 00:33:12,600
Speaker 1: at the Democratic presidential debate that who do you think

615
00:33:12,680 --> 00:33:14,840
Speaker 1: is gonna win that? I think Elizabeth Warren's gonna win

616
00:33:14,880 --> 00:33:17,480
Speaker 1: that really, And she's just continued to skyrocket and she's

617
00:33:17,520 --> 00:33:20,760
Speaker 1: been she's been able to these debates. Yeah, all right,

618
00:33:20,800 --> 00:33:22,760
Speaker 1: Well I want to thank you, But did you have fun? Adam?

619
00:33:23,040 --> 00:33:29,240
Speaker 1: Did have absolutely absolutely come back on Halloween Halloween party

620
00:33:29,880 --> 00:33:35,160
Speaker 1: even call and asks you an impeachment question. I would

621
00:33:35,240 --> 00:33:37,600
Speaker 1: be all right. Thank you. Adam Goldberg, former White House

622
00:33:37,600 --> 00:33:40,640
Speaker 1: Special Associate Council to President Clinton, co founder and partner

623
00:33:40,680 --> 00:33:43,120
Speaker 1: of public relations firm tried at DMG, and of course

624
00:33:43,360 --> 00:33:46,200
Speaker 1: to Matt Maher's, former senior White House advisor to Secretary

625
00:33:46,240 --> 00:33:49,320
Speaker 1: of State Mike Pompeo, president now of Matt Maher's LLLC.

626
00:33:49,520 --> 00:33:51,880
Speaker 1: That does it for me. Kevin So really, chief Washington

627
00:33:51,880 --> 00:33:54,960
Speaker 1: correspondent from Bloomberg TV and Bloomberg Radio. You're listening to

628
00:33:55,040 --> 00:34:00,840
Speaker 1: Bloomberg US