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Speaker 1: Live from our nations. This budget thing is going to

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Speaker 1: do nothing. Space Force. I still think it's interesting President

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

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Speaker 1: colliding to Sound On with Kevin currel the insiders, the influencers,

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

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

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

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

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Speaker 1: exactly what people sending here to do, which is to

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

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Speaker 1: Bloomberg nine one and m h D two Botomore bullying

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Speaker 1: or business. We're not talking about Taylor Swift. We're talking

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Speaker 1: about trade. The President negotiating with Chinese President shi Jing Ping.

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Speaker 1: What does it mean? Are we finally back on the

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Speaker 1: right course or is it just rhetoric? Plus the president's

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Speaker 1: historic trip into North Korea whirlwind diplomacy being great photos

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Speaker 1: but fear results? Was it a photo op? Wasn't? Now?

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Speaker 1: With Kim Jungan over the weekend, we're gonna break all

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Speaker 1: of the down. We have an all star panel. I

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Speaker 1: hope everybody had a great weekend. We're into the holiday week,

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Speaker 1: fourth of July fireworks. No better city to watch fireworks,

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Speaker 1: by the way than Washington, d C. I'm Kevin's a

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Speaker 1: really chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

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Speaker 1: Mac Gorman's with me for the hour here in studio.

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Speaker 1: Vice president at Targeted Victory, former NRCC communications director, and

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Speaker 1: making her debut on the Bloomberg Radio sound on radio show.

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Speaker 1: Julie Roginsky, Democratic strategist. She's worked for everybody from including

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Speaker 1: Senator Corey Booker. Corey Booker. She's also a former contributor

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Speaker 1: at the Fox News Channel. We're thrilled to have her on.

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Speaker 1: Coming up later on in the program, we're gonna check

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Speaker 1: in with Congresswoman Abigail Spanburger, the Democrat from Virginia. She's

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Speaker 1: gonna call in a lot to talk about with Congresswoman

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Speaker 1: span Burger. So jam Pack Policy Show today. It was

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Speaker 1: a busy, busy week in terms of geopolitics. I was

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Speaker 1: on CBS over the weekend and we were talking about

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Speaker 1: the somewhat of a deal and it's not really a deal,

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Speaker 1: but really a rhetorical return to piece, I guess, between

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Speaker 1: China and the United states, it's very unclear. Wall Street

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Speaker 1: trying to make way of it. Watchill trying to sort

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Speaker 1: through the details. And President Trump, for his part, and

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Speaker 1: the administration are out saying that things are going well.

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Speaker 1: Things are going well between President Trump as well as

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Speaker 1: President shi Jing Ping following their meeting at the G twenty.

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Speaker 1: We're gonna talk about that now, and coming up, we're

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Speaker 1: gonna talk about the other major major development coming out

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Speaker 1: of over the weekend on the international fronts. Of course,

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Speaker 1: I'm talking about President Trump stepping foot, stepping foot into

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Speaker 1: North Korea. So first let's dive into Trump and She

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Speaker 1: with Mac Gorman. He's vice president at Targeted Victory. Former

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Speaker 1: n RCC communications director Julie Briginsky, democratic strategist previously worked

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Speaker 1: for Senator Corey Booker. She's in New York where I

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Speaker 1: was on Friday. Julie, thanks for being here, your first

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Speaker 1: time on the program. All right, President Trump saying that

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Speaker 1: things are going well with China. Now your thoughts, who knows,

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Speaker 1: I mean, what what days it today? I mean it's

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Speaker 1: it's it's going well. Today, could be going well, tomorrow,

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Speaker 1: could be complete disaster a week from now. That's the problem.

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Speaker 1: There's there's no consistency, so the markets having whiplash. It's

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Speaker 1: like Lucy with a football constantly ripping it away from

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Speaker 1: Charlie Brown. Um, I feel bad for these traders and

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Speaker 1: and anybody who predicts what's going to happen. There's a

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Speaker 1: democratic feels bad for the traders. Julie, welcome to the program.

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Speaker 1: Thank you so much. I know I'm one of those

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Speaker 1: New York I want, one of those New York democractually

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Speaker 1: understands the value of you know, what traders do once

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Speaker 1: in a while. All right, Mac Gorman, I mean I

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Speaker 1: take it. I take it. Are you as concerned as

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Speaker 1: Julie is about President Trump and President because he says

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Speaker 1: the two big developments relate to agriculture and Huawei. I'll

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Speaker 1: talk to you a little bit about that, but first,

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Speaker 1: you know, set the stage for us in terms of

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Speaker 1: your reaction as we end this Monday piece in our time. Baby. Um, look,

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Speaker 1: I think if you'd ask me a month ago, I

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Speaker 1: think there was a lot of saber rattling right when

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Speaker 1: it comes to uh China, and as Julie kind of said,

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Speaker 1: this thing could blow up any day. However, you know,

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Speaker 1: maybe we extracted some favorable terms. Maybe we didn't, But

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Speaker 1: I think at its core, President Trump likes the issue

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Speaker 1: of trade because it's one of the few things he

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Speaker 1: views as being totally within his power. He's likes having

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Speaker 1: control of this issue. This is one of the few

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Speaker 1: things that you can reasonably say he's believed in consistently

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Speaker 1: for the last thirty years. So look again, I do

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Speaker 1: I think this is gonna be steady throughout. No, but

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Speaker 1: at least face to face with President um using Ping,

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Speaker 1: there might be some uh daylight ahead, all right. So

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Speaker 1: the President says that there's two big developments out of

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Speaker 1: these trade talks. By the way, no one's seen specifically

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Speaker 1: what the literature is and the and the and the

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Speaker 1: wording is of these agreements. But there's two fronts. First

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Speaker 1: is on agriculture. Second is on technology. The President says

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Speaker 1: at the best or that the Chinese have agreed to

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Speaker 1: purchase make new purchases with regards to agriculture. Here's the

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Speaker 1: President of the United States, following the clothes of the

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Speaker 1: G twenty summit over the weekend, talking to reporters. Here's

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Speaker 1: President Trump. Jan is going to start, Uh, They're going

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Speaker 1: to be consulting with us and they're gonna start spending

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Speaker 1: money even during the negotiation to our farmers are great

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Speaker 1: farmers in the Midwest. That was President Trump speaking over

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Speaker 1: the weekend in on his following the Osaka Japan G

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Speaker 1: twenty summit. So he says that they're gonna make making

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Speaker 1: new purchases. We don't know when, we don't know where,

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Speaker 1: we don't know. Well, we know why, President Trump says,

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Speaker 1: because of him. And then there's this other issue of Huawei,

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Speaker 1: and this has been more controversial. Huawei is the telecommunications

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Speaker 1: company headquartered in China that the intelligentity has raised national

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Speaker 1: intelligence concerns about not just in the intelligence community, but

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Speaker 1: also Republicans UH and Democrats. Republicans like Senator Marco ru

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Speaker 1: You who took to Twitter, took to Twitter over the

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Speaker 1: weekend like minutes after this, this these developments in Osaka,

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Speaker 1: we're coming out, uh, Senator Rubio tweeting that he had

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Speaker 1: concerns concerns about the Huawei UH easing and no one

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Speaker 1: really knows even what it means. It's just this, this

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Speaker 1: this idea that's being circulated, and Democrats have absolutely pounced

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Speaker 1: on this as well. I was reading Isaac Boltansky at

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Speaker 1: Compass points note today, and he suggested that it might

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Speaker 1: potentially mean the Huawei stays on the restricted list of

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Speaker 1: banning UH companies from doing business with but allows potentially

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Speaker 1: for the eleven billion worth eleven billion dollars worth of

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Speaker 1: sales to continue that We're already in the pipeline. UH, Julie,

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Speaker 1: I'm gonna I'm gonna come to you with Huawei right

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Speaker 1: now there. This isn't really a non part is an

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Speaker 1: issue that now is back back on the negotiating table.

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Speaker 1: I would think that that's going to have Democrats uneasy, Well,

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Speaker 1: what are we talking about? And that's the issues always

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Speaker 1: is a concern. I mean, look, our intelligence agencies think

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Speaker 1: they are concerned. They obviously haven't been behaving in ways

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Speaker 1: that that we as a nation would like them to behave,

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Speaker 1: but we don't really know what we're talking about. Here

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Speaker 1: you have the president standing up making a morphous statements

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Speaker 1: about Huawei, making enormous statements about agriculture, and again we're

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Speaker 1: all supposed to sit here and guess as to what

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Speaker 1: in the world he could possibly be talking about. This

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Speaker 1: is no way to invest, it's certainly no way for

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Speaker 1: anybody to determine public policy. I mean, we need some

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Speaker 1: concrete ideas here, not just ideas, we need concrete steps here.

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Speaker 1: And the reality is we have not seen anything concrete

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Speaker 1: from the administration. This president loves making grand pronouncements, as

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Speaker 1: we've said before, by mad about peace in our time.

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Speaker 1: But the reality is nothing has changed other than rhetoric.

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Speaker 1: And until we see some specific action of the respect

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Speaker 1: of Huawei, or with respect to our soybean farmers, or

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Speaker 1: with respect to agriculture, not I wouldn't be I wouldn't

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Speaker 1: be making any investment based on just some random pronouncement

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Speaker 1: that could be changed tomorrow. Look, I think this whole week,

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Speaker 1: in my mind, is very much about President Trump the showman,

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Speaker 1: as we said, goes to the G twenty summit in person,

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Speaker 1: makes the announcement about China. Then we have obviously the

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Speaker 1: DMZ crossing over this in person cameras rolling um historic

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Speaker 1: we have and on July four this you know, uh

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Speaker 1: military parade and address and Lincoln Memorial steps. It's it's

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Speaker 1: very much much Trump the showman. And look, as we

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Speaker 1: talk about Huawei, I think you're absolutely right, you're going

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Speaker 1: to see Republicans like Marco Rubio, especially more so because

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Speaker 1: this happened when Congress is in recess. If this is

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Speaker 1: still an issue when they come back, I think you're

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Speaker 1: gonna see many more Republican senators and members of the

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Speaker 1: House really expressed discontent or outright say outrage um with this.

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Speaker 1: And you know who's their lobbyist in town, but none

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Speaker 1: of than Joe Lieberman. I forgot Lieberman is is uh

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Speaker 1: lobbying for Huawei. That's fascinating, all right. Larry Cudlow. Cudlow

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Speaker 1: is out speaking earlier or yesterday rather on CBS News

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Speaker 1: is faced the nation, uh talking about tariffs tariffs. So look,

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Speaker 1: I mean, to Julia Matt's point, there's massive concerns about agriculture,

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Speaker 1: massive concerns about Huawei uh and and by the way,

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Speaker 1: they're not just Democrat concerns. They're they're they're really bipartisan concerns.

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Speaker 1: But here's Larry Cudlow saying, Hey, there's no tariffs. Take

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Speaker 1: a listen to Cudlow, no additional tariffs for now. So

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Speaker 1: he's going good faith to see how these talks go.

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Speaker 1: To see it, China delivers on an early agriculture promise.

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Speaker 1: Let's call it an early harvest. So that was President present,

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Speaker 1: that was Cudlow saying no additional tariffs and on CBS

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Speaker 1: and I was hooked on this yesterday. He was also

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Speaker 1: pressed on the issue of all away. Take a listen

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Speaker 1: to what Larry Cudlo said about Hawei anything to do

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Speaker 1: with national security concerns will not receive an new license

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Speaker 1: from the Commerce Department. I think that's very important. I

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Speaker 1: be will be probably getting a temporary license from the

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Speaker 1: Commerce Department. It's fascinating, fascinating to talk all things policy

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Speaker 1: with Huawei, especially as Europeans are also not necessarily following

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Speaker 1: on the program, We're gonna talk more policy, more politics

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Speaker 1: with Julie Brigins Gay. She's here, democratic strategist previously working

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Speaker 1: for Senator Corey book or what she think all the

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Speaker 1: Booker campaign is doing. Plus Mac Gormantier, vice president at

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Speaker 1: Targeted Victory, former n RCC communications director, a fellow reality

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Speaker 1: television show fan. If I do say so myself, you

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Speaker 1: got it. I it's just reality TV. Is that its peak?

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Speaker 1: Were the Golden Age of reality? Were the renaissance of

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Speaker 1: reality television? As we have the reality show President and

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Speaker 1: Congresswoman Abigail Spenburger, she will she will call into the

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Speaker 1: program Democrat from Virginia. Download the sound Castle on Apple iTunes,

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Speaker 1: at Bloomberg dot com or by downloading the Bloomberg Business App.

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Speaker 1: You can find me on Radio dot com, I Heart

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Speaker 1: Radio and Spotify. I'm Kevin SURREALI It's Monday, folks. We've

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Speaker 1: made it. You're listening to Bloomberg. You're listening to Sound

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Speaker 1: On with Kevin Surreally on Bloomberg and one oh five

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Speaker 1: point seven f m h D two Baltimore. They went

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Speaker 1: over the line and turned around, and everybody was so happy,

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Speaker 1: and many people I noticed from Korea were literally in tears, crying,

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Speaker 1: crying because is a big thing. It's a big thing.

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Speaker 1: That was President Trump speaking king over the weekend following

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Speaker 1: his steps into North Korea, the first sitting US president

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Speaker 1: historic stroll into North Korea along with North Korea leader

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Speaker 1: Kim Jong n uh. It was as as my boss

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Speaker 1: Craig Gordon just describes it on the Bloomberg terminal quote

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Speaker 1: a public relations cue for the reclusive leader, meaning Kim jongon,

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Speaker 1: providing the recognition on the world stage that he craves.

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Speaker 1: US officials were unable to articulate how trump scambit would

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Speaker 1: move Kim any closer to giving up his nuclear ambitions

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Speaker 1: and quote it's a great story of historical perspective by

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Speaker 1: Craig Gordon, Washington, EUROW Chief along with Mark Nickuette. I'm

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Speaker 1: Kevin Silly, Chief Washington correspondent from Bloomberg TV Bloomberg Radio.

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Speaker 1: I'm joined by two all stars, Julie Roginski, she's holding

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Speaker 1: down the four Forest in New York City. She's a

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Speaker 1: Democratic strategist, and Matt Gorman, vice president at Targeted Victory

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Speaker 1: and former n RCC communications director. Matt I don't know

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Speaker 1: what to make, truthfully, and I don't think many Americans

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Speaker 1: know what to make in terms of the policy, not

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Speaker 1: the photographs, the policy of North Korea and President Trump

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Speaker 1: growing in North Korea. The images themselves, I mean I

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Speaker 1: was watching them of the weekend. They were startling. But

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Speaker 1: what about policy? What about it? I don't know that

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Speaker 1: there is a thing. That's the thing is that you know,

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Speaker 1: I can't tell you what's changed much in the last

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Speaker 1: year when it comes to North Korea. But you know, look,

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Speaker 1: it was a compelling visual, so every the world woke

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Speaker 1: up to on Sunday. And look, I think, absence a

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Speaker 1: major breakthrough, this will get attention among average folks in

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Speaker 1: a way that again, absent and major breakthrough, maybe some

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Speaker 1: my new policy developments probably wouldn't. I mean, are we

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Speaker 1: giving up to dade Land next? I don't understand this.

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Speaker 1: It was Williams said, it might be New Zealand, it

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Speaker 1: might be Gilder Radner, Mary and Williams And yeah, um, look,

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Speaker 1: I congratulation to Kim Jong un. He just got every

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Speaker 1: states that his grandfather and his father never got, and

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Speaker 1: a concession that we have acknowledged that in fact, they

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Speaker 1: will continue to be a nuclearized peninsula. And and in

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Speaker 1: the meantime, wait, wait a second, in the meantime they're

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Speaker 1: continuing to experiment with i cb ms and other delivery systems.

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Speaker 1: It's not like they're doing anything to stop the proliferation

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Speaker 1: of their nuclear program. And Donald Trump just had a

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Speaker 1: great photo op. Congratulations. If this were a reality show,

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Speaker 1: which I don't watch them like you guys, but if

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Speaker 1: this were a reality show, you're missing out. I know,

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Speaker 1: I know. I don't like the condescension of my reality.

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Speaker 1: It's not no, no, it's not condescending. I'm so embarrassed

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Speaker 1: for people in reality. I turn off the news and

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Speaker 1: I turn on I turn on the game, whatever the

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Speaker 1: game is or the reality show. Aren't embarrassed for these people?

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Speaker 1: Not jealous? I think there's light jealousy. I don't know

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Speaker 1: what that says about me. I don't know. I feel

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Speaker 1: like I'm watching a train wreck, much like I felt

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Speaker 1: like I was watching a train wreck watching this reality

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Speaker 1: show in the Cian Peninsula. But see, because it's real life.

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Speaker 1: But see, you know, and and look. I think in

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Speaker 1: terms of the when I talk to sources in eeligence community,

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Speaker 1: there are those who, like Julie, they're incredibly critical of

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Speaker 1: what the administration is doing. They don't understand the long

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Speaker 1: term implications of this. But then there are others who say,

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Speaker 1: you know what, the North Koreans are talking and it's rhetoric,

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Speaker 1: and it's an approach that is different. But it's a

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Speaker 1: different approach, and at least they're talking. But the question

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Speaker 1: is what are they talking about? So I want to

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Speaker 1: play for you now this sound but Matt from the

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Speaker 1: Secretary of State Mike Pompeo about how he really took

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Speaker 1: in all of this. Here's the Secretary of State for

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Speaker 1: the recognition something. Haven't we seen this before? Absolutely we

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Speaker 1: have and and I agree with Julie. In no way,

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Speaker 1: shape or form, can we accept North Korea becoming a

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Speaker 1: nuclear state. Absolutely not. I don't think members of either party. Um,

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Speaker 1: you know, I can't speak the administration, but members of

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Speaker 1: the party wouldn't accept that in any way, shape or form. However,

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Speaker 1: you mentioned the fund. Grandfather couldn't get this done, couldn't

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Speaker 1: get a meeting with President in this type of form.

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Speaker 1: We've been down the same road for years and years

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Speaker 1: and years. Maybe this is different. I don't know if

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Speaker 1: it will be. Maybe it'll be different. Fast facts, more

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Speaker 1: than China's of North Korea's exports and imports are directly

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Speaker 1: correlated connected to China. I hear from nice sources in

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Speaker 1: the agricultural community that a lot of folks in flyover

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Speaker 1: Country potentially very early on but potentially viewing no Co

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Speaker 1: North Korea as the potential emerging market coming up. We're

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Speaker 1: gonna stick with North Korea. We've got Congresswoman Abigail Spanburger,

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Speaker 1: Democrat from Virginia, calling in. I'm Kevin SERELLI. You're listening

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Speaker 1: to Bloomberg. You're listening to Sound On with Kevin Surreally

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Speaker 1: on Bloomberg one and one oh five point seven f

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Speaker 1: m h D two Baltimore. Welcome back. I'm Kevin Sireli,

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Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. Jam

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Speaker 1: Pact GEO political weekend as President Trump wrapped up the

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Speaker 1: G twenty meetings with a major major news front on

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Speaker 1: the US China trade front as well as on national security.

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Speaker 1: When President Trump became the first sitting US president to

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Speaker 1: crossover just steps crossover into North Korea along with North

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Speaker 1: Korea leader Kim Jong n. Congresswoman Abigail span Burger is

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Speaker 1: a Democrat from from Virginia. She joined us on the

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Speaker 1: phone first time on Bloomberg Radio Sound On. Congresswoman, appreciate

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Speaker 1: your time you having served in the intelligence community prior

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Speaker 1: to becoming a House member. With your time in the CIA,

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Speaker 1: I'm very curious for for what you were thinking as

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Speaker 1: you watch those images over the weekend of President Trump

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Speaker 1: entering into North Korea. Well, thanks for having me on Kevin.

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Speaker 1: When I watched him walk into North Korea, I was shocked. Um,

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Speaker 1: we both, I mean and and there's a number of

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Speaker 1: reasons for my my shock and confusion. You know, here

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Speaker 1: we are dealing with an authoritarian regime, a murderous authoritarian regime.

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Speaker 1: Uh and and we have a president who doesn't seem

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Speaker 1: to understand the stress that they pose. They doesn't seem

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Speaker 1: to understand the nature of the regime, uh the oppressive

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Speaker 1: nature of the regime. And to walk just over the

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Speaker 1: border into North Korea, in addition to the fact that

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Speaker 1: there doesn't clear to appear to be any strategy to

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Speaker 1: that decision, they delivered the best propaganda win they possibly

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Speaker 1: could have delivered to the North Koreans. So here we

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Speaker 1: have Kim Joan, who's historically been a pariah and his

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Speaker 1: father Pria before him on the world stage because of

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Speaker 1: their regime. And now he has photos and imagery of

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Speaker 1: the President of the United States crossing over the line

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Speaker 1: and walking into North Korea. UM and and and for

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Speaker 1: what I just don't even begin to understand what the

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Speaker 1: President was thinking, um and and what he hopes to

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Speaker 1: gain out of giving them such a tremendous propaganda win.

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Speaker 1: So where does it go from here? I mean that

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Speaker 1: that's I think. Once I got overseeing President Trump with

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Speaker 1: the North Korean leader, my job as a journalists should

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Speaker 1: try to figure out what is what is the next step?

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Speaker 1: So from your vantage point, you're a member of the

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Speaker 1: prominent committees that relate to foreign policy. You serve on

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Speaker 1: the U. S. House Committee on Agriculture as well as

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Speaker 1: on Foreign affairs, what's next? Well, I think under under

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Speaker 1: more normal circumstances, what's next would be a little bit

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Speaker 1: more apparent. We would have faith that there's a strong

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Speaker 1: strategy that the United States government and in particular the

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Speaker 1: President of the United States, is kind of taking a step,

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Speaker 1: if you will, UH in in a direction towards progress

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Speaker 1: and in gewards in this case, potentially mitigating the threat

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Speaker 1: of of Aron's nuclear program. But it doesn't appear to

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Speaker 1: be any efforts to UH to advance negotiations such as this.

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Speaker 1: It doesn't appear to be any efforts to UH move

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Speaker 1: US in a place where there's more openness within North Korea.

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Speaker 1: We are setting any answers related to the death of

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Speaker 1: Auto warm Beer or us, an American student student at

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Speaker 1: the University of Virginia, uh in my home state, who

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Speaker 1: was taking and my alma materity yet um and and

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Speaker 1: returned home in a coma to die. I mean, there's

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Speaker 1: so many questions and so many demands we can make

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Speaker 1: of the North Koreans, and it doesn't appear that we're

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Speaker 1: doing any of it. Um And you know, much like

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Speaker 1: our engagement with Saudi Arabia, or with Russia or with Iran.

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Speaker 1: You know, the apparent lack of strategy is just shocking

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Speaker 1: for someone who has a background of national security, though

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Speaker 1: I would argue probably shocking for just about any American

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Speaker 1: who's kind of read the newspaper for the past I

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Speaker 1: don't know how many years, five, ten years. Congresswoman Abigel's

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Speaker 1: bamburgers with us. She's a Democrat representing Virginia's seventh congressional district.

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Speaker 1: She is a previous, having previously served in the CIA,

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Speaker 1: grew up in Jersey, now lives in Virginia. She serves

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Speaker 1: on House Foreign Affairs as well as other committees, as

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Speaker 1: well as Agriculture. I know, agriculture so rutual to your constituents,

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Speaker 1: to your to your district and congressman that that's where

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Speaker 1: I want to go next. I want to go to

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Speaker 1: the U. S. China trade talks because President Trump a

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Speaker 1: following the one off meeting with President shi jing Ping

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Speaker 1: saying that there were big developments in terms of agriculture

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Speaker 1: as well as on pawe UH. And let's start with agriculture.

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Speaker 1: I mean, do you think that this is going to

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Speaker 1: to win over UH? And I guess ease some of

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Speaker 1: the concerns that we've heard from the agricultural community from

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Speaker 1: the trade talks with China. You know, I I don't know.

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Speaker 1: And and as you said, I serve on the the

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Speaker 1: Foreign Affairs and Agriculture committees. I represent my hometown district.

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Speaker 1: I moved here as a kid. Um. We're district ten

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Speaker 1: counties and seven of them are are rural and agriculture

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Speaker 1: agriculturally based in terms of our economy, and I have

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Speaker 1: Soybian farmers in particular, who are suffering because of the

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Speaker 1: trade war. We have initiated and continued with China and

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Speaker 1: and my farmers across our district. Their concerns are. You know,

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Speaker 1: last year it was potentially the economic impact, and now

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Speaker 1: it's the long term economic impact because their trading partners

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Speaker 1: are starting to go elsewhere. They've filled the void based

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Speaker 1: on um, you know, needing, needing to buy the products

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Speaker 1: that crops somewhere else, and so they're they're losing market share.

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Speaker 1: I again, I hope, I hope that we're moving in

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Speaker 1: the right direction. I hope that we see good news

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Speaker 1: for the sake of farmers across Central Virginia and across

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Speaker 1: the country. But when we entered into this trade war,

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Speaker 1: when we started it, there didn't seem to be uh

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Speaker 1: an an endgame at play or in sight. So I'm

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Speaker 1: I remain very cautious about whether or not we are

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Speaker 1: going to see any any major impacts that could move

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Speaker 1: us in the right direction. Um. And in the interim,

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Speaker 1: I mean, I'm focused on the people in my district

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Speaker 1: who are suffering because of it. And what about FAWE.

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Speaker 1: I mean, because President Trump on Saturday announcing UH that

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Speaker 1: that really he's relaxing the ban on US companies, according

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Speaker 1: to business insiders reporting UH selling to the China's tech giant.

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Speaker 1: Bloomberg has been all over this story. We were talking

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Speaker 1: earlier about Senator Marco Rubio, Republican from Florida, raising concerns.

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Speaker 1: He said that it would be a quote unquote catastrophic

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Speaker 1: mistake to loosen restrictions on quawe your thoughts. I agree

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Speaker 1: with Senator Marco Rubio. I think agreement. I think I

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Speaker 1: found an area where Congresswoman Spamburger and Senator Rubio agreed

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Speaker 1: go ahead. Uh. Yeah, I didn't go into this interview.

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Speaker 1: I didn't know that you would bring up together UM.

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Speaker 1: You know, the the the across the board and on

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Speaker 1: the Senate side and on the House side. Many of

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Speaker 1: us are deeply, deeply confirmed about the threat that Chinese

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Speaker 1: technologies and and you know what we have to remind

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Speaker 1: listeners of is here we're dealing with a state where

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Speaker 1: the mix and the lines get very blurred between intelligence,

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Speaker 1: the Chinese intelligence community, UM and Chinese development of products

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Speaker 1: in the Chinese military. So the real concern here is

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Speaker 1: that with Huawei and it's known ties the Chinese intelligence

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Speaker 1: and Chinese military services, that those products just are not

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Speaker 1: going to be safe, particularly for our most sensitive information,

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Speaker 1: which is why we have long UM recognize that we

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Speaker 1: shouldn't have US government UM information UH using WAWI UH

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Speaker 1: WAWI produced UM technology, and I introduced a bill UH

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Speaker 1: called the Secure five G and Beyond Act. It's a

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Speaker 1: bipartisan bill. We've got Republicans and Democrats joining together because

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Speaker 1: we recognize, UM that the Chinese governments made in China

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Speaker 1: Plan UM poses a threat to US UM the National

426
00:24:38,119 --> 00:24:41,800
Speaker 1: Security Framework. UM. You know they they see five G

427
00:24:41,960 --> 00:24:46,200
Speaker 1: as a strategic emerging industry and and we know could

428
00:24:46,240 --> 00:24:49,040
Speaker 1: pose threats to the United States. UM. We want to

429
00:24:49,040 --> 00:24:52,960
Speaker 1: make sure that any products that American consumers and American

430
00:24:53,080 --> 00:24:57,040
Speaker 1: corporations and the American government UH certainly are using don't

431
00:24:57,080 --> 00:25:02,760
Speaker 1: pose hacking fest UM or insecurities that could be put

432
00:25:02,760 --> 00:25:06,199
Speaker 1: there in place by Huahwei, by the productions UM to

433
00:25:06,400 --> 00:25:10,480
Speaker 1: benefit the Chinese intelligence services in the Chinese military. Alright,

434
00:25:10,560 --> 00:25:15,440
Speaker 1: Conressuman Abigailsman Murder, Democrat representing Virginia seventh Congressional District, thanks

435
00:25:15,480 --> 00:25:18,480
Speaker 1: for getting wonky with us and in the weeds on Huawei,

436
00:25:18,640 --> 00:25:22,560
Speaker 1: on soybeans, and of course on those North Korea. There's

437
00:25:22,640 --> 00:25:26,119
Speaker 1: those those really historic images coming out of North Korea.

438
00:25:26,160 --> 00:25:27,720
Speaker 1: Appreciate your time. I'll catch up with you in the

439
00:25:27,760 --> 00:25:30,000
Speaker 1: halls of Congress. You're always welcome to come stop by

440
00:25:30,000 --> 00:25:33,320
Speaker 1: our bureau as well. Coming up All Star Panel reacts.

441
00:25:33,400 --> 00:25:37,240
Speaker 1: Mcgorman sticks around Julie Roginsky I'm Kevin Ceilli. Download the

442
00:25:37,280 --> 00:25:40,720
Speaker 1: sound on podcast on Apple iTunes, at Bloomberg dot com,

443
00:25:40,840 --> 00:25:43,400
Speaker 1: or by downloading the Bloomberg Business app. You can also

444
00:25:43,480 --> 00:25:46,359
Speaker 1: find me on Radio dot com, I Heart Radio and Spotify.

445
00:25:46,440 --> 00:25:53,600
Speaker 1: You're listening to Bloomberg, You're listening to sound on with

446
00:25:53,680 --> 00:25:58,080
Speaker 1: Kevin's Really one and one oh five point seven f

447
00:25:58,200 --> 00:26:03,359
Speaker 1: M h D two Baltimore. A week without a little

448
00:26:03,400 --> 00:26:07,440
Speaker 1: Bruce Springsteen. That's how I was raised. John Mellencamp, Bruce Springstein.

449
00:26:07,480 --> 00:26:11,440
Speaker 1: That was like the soundtrack to my childhood. I'm Kevin Ceilli,

450
00:26:11,560 --> 00:26:16,399
Speaker 1: Chief Washington choruspondent from Bloomberg Television and Bloomberg Radio. We

451
00:26:16,680 --> 00:26:22,320
Speaker 1: gotta talk about the race, I mean, and these developments

452
00:26:22,359 --> 00:26:26,359
Speaker 1: coming out of Iran and how they're already impacting the race.

453
00:26:26,440 --> 00:26:28,879
Speaker 1: I was struck by how it really caught up. Foreign

454
00:26:28,880 --> 00:26:32,119
Speaker 1: policy was played out on the debate stage last week

455
00:26:32,280 --> 00:26:35,080
Speaker 1: in Miami. My guest with me for the hour are

456
00:26:35,080 --> 00:26:38,160
Speaker 1: Matt Gorman, vice president at Targeted Victory and former NRCC

457
00:26:38,320 --> 00:26:45,360
Speaker 1: Communications director, as Are uh as as Julie Roginsky, democratic strategist,

458
00:26:45,440 --> 00:26:47,720
Speaker 1: And my apologies to Ko in the control room because

459
00:26:47,760 --> 00:26:50,560
Speaker 1: I totally told her to play this sound bite out

460
00:26:50,560 --> 00:26:52,840
Speaker 1: of when we got back from break and I totally

461
00:26:52,920 --> 00:26:54,760
Speaker 1: jumped the gun and it's all my fault. So KAO.

462
00:26:54,880 --> 00:26:57,760
Speaker 1: Let's hear now from Senator Bernie Sanders when he spoke

463
00:26:58,040 --> 00:27:03,640
Speaker 1: on ABC's This Week, Uh talking about Iran here, Senator Senators,

464
00:27:03,960 --> 00:27:06,560
Speaker 1: I wish he would sit down with a dictatorship in

465
00:27:06,600 --> 00:27:10,480
Speaker 1: Sadirag they bringing Iran into the discussion and tell those

466
00:27:10,520 --> 00:27:13,160
Speaker 1: people that we are sick and tired of spending trillions

467
00:27:13,160 --> 00:27:18,000
Speaker 1: of ballas keep going to war against Senator Sanders. Julie

468
00:27:18,000 --> 00:27:23,320
Speaker 1: clearly trying to stick out his TULSEI gabbered, Lane, if

469
00:27:23,359 --> 00:27:25,399
Speaker 1: you will, I don't know that he's hanging out with

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00:27:25,400 --> 00:27:27,080
Speaker 1: a sod quite yea. I don't know if that he's

471
00:27:27,080 --> 00:27:29,840
Speaker 1: hanging out with Tulsey Gabber per se. But yes, but

472
00:27:30,040 --> 00:27:33,600
Speaker 1: so but but already Iran factoring into this and this

473
00:27:33,760 --> 00:27:35,399
Speaker 1: and this notion, I mean, this has been such a

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00:27:35,440 --> 00:27:39,320
Speaker 1: foreign policy have the heavy show, but this notion of

475
00:27:40,520 --> 00:27:43,200
Speaker 1: the Democratic the Democratic candidates are reading their tea leaves

476
00:27:43,240 --> 00:27:45,960
Speaker 1: and saying that they don't see any appetite to go

477
00:27:46,040 --> 00:27:48,560
Speaker 1: to war with Iran. Well, if you look at what's

478
00:27:48,560 --> 00:27:50,760
Speaker 1: been going on with Iran, it's the same group of

479
00:27:50,800 --> 00:27:52,360
Speaker 1: people look at as you. As you mentioned, I used

480
00:27:52,359 --> 00:27:53,879
Speaker 1: to work at Fox and one of my colleagues with

481
00:27:54,000 --> 00:27:56,600
Speaker 1: John Bolton, I can tell you, you know, the same

482
00:27:56,640 --> 00:27:58,520
Speaker 1: stuff that he said about a rock back in the day,

483
00:27:58,560 --> 00:28:02,240
Speaker 1: he's now saying about Iran. It's the same exact playbook,

484
00:28:02,280 --> 00:28:05,960
Speaker 1: same drumbeat, all of it. And it's not It's just

485
00:28:06,080 --> 00:28:08,639
Speaker 1: reality and these guys are It's like they learned nothing

486
00:28:09,320 --> 00:28:11,600
Speaker 1: from Iraq except for the fact that people are no

487
00:28:11,680 --> 00:28:15,040
Speaker 1: longer that naive. And especially if you look at the

488
00:28:15,040 --> 00:28:18,639
Speaker 1: fact that Iran was in compliance with the nuclear deal

489
00:28:19,000 --> 00:28:22,040
Speaker 1: until we pulled out, and you think about what are

490
00:28:22,040 --> 00:28:24,399
Speaker 1: we doing? I mean, what, what? What is the purpose

491
00:28:24,400 --> 00:28:27,000
Speaker 1: of this. Let's not forget that Iran is much larger

492
00:28:27,040 --> 00:28:30,399
Speaker 1: than Iraq. A war would be much more complicated, and

493
00:28:30,800 --> 00:28:34,040
Speaker 1: we have a president who's got no plan whatsoever to

494
00:28:34,119 --> 00:28:35,800
Speaker 1: get us in, to get us out or really what

495
00:28:35,880 --> 00:28:38,880
Speaker 1: we hope to accomplish as it regime change, is it

496
00:28:39,120 --> 00:28:42,680
Speaker 1: an evasion with a permanent occupation. What are we exactly

497
00:28:42,720 --> 00:28:46,080
Speaker 1: looking to do in Iran with a military strike? Nobody

498
00:28:46,120 --> 00:28:48,320
Speaker 1: has yet to tell us that the States Department will

499
00:28:48,320 --> 00:28:50,680
Speaker 1: say they want to get the the goal is to

500
00:28:50,720 --> 00:28:54,920
Speaker 1: put so many crippling economic sanctions on the on on

501
00:28:55,040 --> 00:28:57,600
Speaker 1: Tehran that they will ultimately be forced to come to

502
00:28:57,640 --> 00:29:00,960
Speaker 1: the negotiation table regarding nuclear disar admit. That's the safety

503
00:29:00,960 --> 00:29:03,320
Speaker 1: prods with the State Department, says Henry. Rome's out with

504
00:29:03,360 --> 00:29:06,080
Speaker 1: a new note this afternoon from the Eurasia Group, and

505
00:29:06,120 --> 00:29:09,480
Speaker 1: it really puts it in perspective. I mean, Tehron announcing

506
00:29:09,520 --> 00:29:13,080
Speaker 1: today that it has exceeded the nuclear deals cap on

507
00:29:13,160 --> 00:29:18,160
Speaker 1: the stockpile of low enriched uranium. This is Iran's first clear,

508
00:29:18,680 --> 00:29:22,960
Speaker 1: clear violation of the j c p O A nuclear

509
00:29:23,080 --> 00:29:29,880
Speaker 1: disarmament deal. So, Matt, they are now Dave significant. I mean,

510
00:29:29,920 --> 00:29:31,840
Speaker 1: I'm looking at this chart. I mean, you don't even

511
00:29:31,840 --> 00:29:33,280
Speaker 1: have to have in front of you and just imagine

512
00:29:33,320 --> 00:29:37,320
Speaker 1: a line going up. Iran has significantly increased its uranium production.

513
00:29:37,360 --> 00:29:40,280
Speaker 1: And that started in May nineteen Oh, I mean, I

514
00:29:40,320 --> 00:29:42,280
Speaker 1: mean it was a joke, like that whole around the

515
00:29:42,360 --> 00:29:44,240
Speaker 1: Larandi was a total joke. It was a legacy play

516
00:29:44,240 --> 00:29:46,560
Speaker 1: on the fo Obama And we want to talk showmanship,

517
00:29:46,560 --> 00:29:49,920
Speaker 1: as we did with Trump, that was a defining moment

518
00:29:49,960 --> 00:29:54,320
Speaker 1: of showmanship during the Obama administration. And look, I think

519
00:29:54,360 --> 00:29:59,120
Speaker 1: President Trump is fundamentally secretly an anti war president. I

520
00:29:59,160 --> 00:30:02,840
Speaker 1: don't think he wants to go war. Yeah, I don't

521
00:30:02,920 --> 00:30:05,640
Speaker 1: see him getting involved in any type of war out there.

522
00:30:05,640 --> 00:30:08,000
Speaker 1: It's just not I don't think how his personality is,

523
00:30:08,040 --> 00:30:09,560
Speaker 1: and I just don't think that's how he wants to

524
00:30:09,560 --> 00:30:13,400
Speaker 1: have administration go to the next you know, years or so.

525
00:30:13,600 --> 00:30:18,440
Speaker 1: But to respectfully just dig a little deeper here by

526
00:30:18,480 --> 00:30:21,360
Speaker 1: pulling out of the Iron Nuclear Disarmament Deal, now Tehran

527
00:30:21,520 --> 00:30:26,720
Speaker 1: is brazenly stopped increasing their uranium production. I mean, that's alarming.

528
00:30:27,160 --> 00:30:29,400
Speaker 1: It is alarming, But like I think any of us

529
00:30:29,440 --> 00:30:34,440
Speaker 1: are under any or any idea that they wouldn't be

530
00:30:34,440 --> 00:30:35,880
Speaker 1: doing it anyway. And I want to bring this back

531
00:30:35,920 --> 00:30:38,680
Speaker 1: to the candidates in a couple of minutes that we

532
00:30:38,720 --> 00:30:40,840
Speaker 1: have left, because the CNM pole just came out within

533
00:30:40,840 --> 00:30:44,960
Speaker 1: the last hour. This was taken between June thirty, so

534
00:30:45,000 --> 00:30:47,880
Speaker 1: it's a little bit of the first debate, but it's

535
00:30:47,920 --> 00:30:50,560
Speaker 1: so that it has impacted Biden is still at the top.

536
00:30:51,920 --> 00:30:55,800
Speaker 1: Kamala Harris. Kamala Harris, Senator Kamala Harris served or two

537
00:30:56,000 --> 00:30:59,520
Speaker 1: seventeen percent according to this new CNN pole. Elizabeth Warren

538
00:30:59,600 --> 00:31:03,600
Speaker 1: and Burn Sanders, they're fifteen percent and four percent respectively.

539
00:31:03,720 --> 00:31:05,680
Speaker 1: I look at these numbers and I add them together,

540
00:31:05,880 --> 00:31:09,080
Speaker 1: and I think Warren and Sanders, I mean, that's like

541
00:31:09,120 --> 00:31:12,680
Speaker 1: what tent right there. They could surpass Biden. H Then

542
00:31:12,720 --> 00:31:15,560
Speaker 1: you've got that's really the that's top tier. Buddha Judges

543
00:31:15,560 --> 00:31:18,200
Speaker 1: at four percent, Booker at three eight year old Boss Jewels,

544
00:31:18,600 --> 00:31:20,720
Speaker 1: yeah percent. How do you think he's doing? You know,

545
00:31:21,280 --> 00:31:24,640
Speaker 1: he needs a breakout moment, and I think Kamala Harris

546
00:31:24,680 --> 00:31:27,200
Speaker 1: had that breakout moment at the second debate and then

547
00:31:27,240 --> 00:31:29,720
Speaker 1: what's the talk Spanish? And kind of stole his thunder?

548
00:31:29,760 --> 00:31:32,640
Speaker 1: Who betto? Yeah? A betto? You know, I gotta tell

549
00:31:32,680 --> 00:31:35,120
Speaker 1: you I'm not from Texas, so I'll remember about bettos

550
00:31:35,160 --> 00:31:38,360
Speaker 1: that betto was the hope of the election, mainly because

551
00:31:38,400 --> 00:31:40,640
Speaker 1: everybody hates Ted Cruise on both sides of the aisle.

552
00:31:41,080 --> 00:31:43,440
Speaker 1: But then when I see Bettle up close at the debate,

553
00:31:43,480 --> 00:31:45,760
Speaker 1: I'm wondering, where's the where's the betto that I keep

554
00:31:45,760 --> 00:31:48,560
Speaker 1: hearing about. I don't know, maybe because I don't speak Spanish,

555
00:31:48,560 --> 00:31:51,160
Speaker 1: But here we go. Hold your breath because mc corman's

556
00:31:51,160 --> 00:31:56,440
Speaker 1: about under his skin more than very true. Um with Biden,

557
00:31:56,480 --> 00:32:00,280
Speaker 1: though I'll rip on Biden for a bit. I it

558
00:32:00,320 --> 00:32:04,040
Speaker 1: feels so much like Jeb to me in July was

559
00:32:04,080 --> 00:32:05,600
Speaker 1: what we had a lot of the Jeb stories come

560
00:32:05,640 --> 00:32:08,440
Speaker 1: out with donors leaking. The only thing, the only good

561
00:32:08,440 --> 00:32:10,520
Speaker 1: thing is campaign staff does is apparently is a leak.

562
00:32:10,920 --> 00:32:12,880
Speaker 1: But I think we're gonna see the news cycle right

563
00:32:12,920 --> 00:32:16,760
Speaker 1: before the first debate being donors and supporters and surrogates

564
00:32:16,760 --> 00:32:18,880
Speaker 1: have trepidation with Biden this first debate. He needs to

565
00:32:18,880 --> 00:32:22,320
Speaker 1: have a big breakthrough moment. He won't. And then in

566
00:32:22,360 --> 00:32:24,920
Speaker 1: August there will be a ton of you know, behind

567
00:32:24,920 --> 00:32:27,680
Speaker 1: the scenes back to stabbing stories. Staff will be knifing

568
00:32:27,680 --> 00:32:31,080
Speaker 1: each other in the press. Um and yeah, look and

569
00:32:31,440 --> 00:32:33,719
Speaker 1: I honestly, and this is a genuine question for Julie.

570
00:32:34,400 --> 00:32:37,720
Speaker 1: I watched Street Street Fight and Corey Booker just came

571
00:32:37,760 --> 00:32:40,560
Speaker 1: across as this. You know, this guy who took on

572
00:32:40,600 --> 00:32:44,080
Speaker 1: Sharp James, the Newark establishment almost one that eventually one

573
00:32:44,160 --> 00:32:47,760
Speaker 1: when when Sharp retired. I don't see that Corey Booker

574
00:32:47,840 --> 00:32:50,160
Speaker 1: on the stage right now. I wonder if he had

575
00:32:50,200 --> 00:32:52,840
Speaker 1: been better served if he had waited, much like Kamala did,

576
00:32:52,840 --> 00:32:56,560
Speaker 1: instead of rushing out for the Biden um interview on

577
00:32:56,680 --> 00:32:59,640
Speaker 1: CNN and waited and kind of took a Guinsey knife

578
00:32:59,640 --> 00:33:01,880
Speaker 1: to bide Juels. We got thirty seconds after. Well, you

579
00:33:01,920 --> 00:33:03,440
Speaker 1: know he wasn't on stage with Biden to take the

580
00:33:03,480 --> 00:33:06,600
Speaker 1: Ginzo knife better. So, but I don't think you could

581
00:33:06,720 --> 00:33:08,360
Speaker 1: look what Corey needs to do. And I prepped him

582
00:33:08,360 --> 00:33:10,520
Speaker 1: for both the Senate races for his debate, so I

583
00:33:10,560 --> 00:33:13,200
Speaker 1: know his his debating style. He needs to stick the

584
00:33:13,320 --> 00:33:16,000
Speaker 1: landing and he needs to create moments, which is what

585
00:33:16,040 --> 00:33:19,120
Speaker 1: anybody looks for in debates. Kamala Harris did that plenty.

586
00:33:19,680 --> 00:33:21,280
Speaker 1: He tried to do that. I'm not sure he did

587
00:33:21,320 --> 00:33:24,440
Speaker 1: it as successfully she did. There are more debates coming up.

588
00:33:25,080 --> 00:33:27,840
Speaker 1: He's he's he's got a really, he's got to nail

589
00:33:27,880 --> 00:33:29,480
Speaker 1: the next one. We gotta leave it there. You know what,

590
00:33:29,760 --> 00:33:32,280
Speaker 1: I disagree with mcgorman. I think that could still have

591
00:33:32,320 --> 00:33:36,320
Speaker 1: a breakout moment. I want to thank Congress from and

592
00:33:36,360 --> 00:33:39,440
Speaker 1: Abigail span Burger. I want to thank mcgorman, Julian Briginsky,

593
00:33:39,480 --> 00:33:42,440
Speaker 1: I'm Kevin Surreally. You can download the sound on podcast

594
00:33:42,480 --> 00:33:44,520
Speaker 1: on Apple, it tunes, a Bloomberg dot Com, or by

595
00:33:44,560 --> 00:33:47,080
Speaker 1: downloading the Bloomberg Business SAP. You can Find me on

596
00:33:47,160 --> 00:33:50,880
Speaker 1: radio dot com, I Heart Radio, and Spotify. Fourth of

597
00:33:50,960 --> 00:33:52,880
Speaker 1: July week you're listening to Bloomberg