1 00:00:02,680 --> 00:00:06,080 Speaker 1: Global business news twenty four hours a day. If Bloomberg 2 00:00:06,120 --> 00:00:09,160 Speaker 1: dot com the radio plus mobile lap and on your radio, 3 00:00:09,480 --> 00:00:13,720 Speaker 1: this is a Bloomberg Business Flash and I'm Karen Moscow. 4 00:00:13,960 --> 00:00:18,000 Speaker 1: This update is brought to you by Interactive Brokers and 5 00:00:18,160 --> 00:00:20,360 Speaker 1: c M A Group. If you're looking for global futures 6 00:00:20,400 --> 00:00:24,080 Speaker 1: contracts with low trading costs, look no further. Interactive Brokers 7 00:00:24,160 --> 00:00:26,720 Speaker 1: is the industry leader. Learn more at Interactive Brokers dot 8 00:00:26,800 --> 00:00:29,960 Speaker 1: com slash, c m E Group u s Dock Index 9 00:00:30,040 --> 00:00:32,960 Speaker 1: futures are rising after the SNP five hundred closed at 10 00:00:32,960 --> 00:00:36,080 Speaker 1: its highest level since July. It's being boastered by a 11 00:00:36,200 --> 00:00:39,160 Speaker 1: rally and crude oil and speculation borrowing costs or remain 12 00:00:39,280 --> 00:00:42,400 Speaker 1: lower for longer amid moderate growth. We check the markets 13 00:00:42,400 --> 00:00:45,960 Speaker 1: every fifteen minutes throughout the trading day on Bloomberg SNP 14 00:00:46,080 --> 00:00:48,440 Speaker 1: E mini futures of three points, DOWI mini futures of 15 00:00:48,520 --> 00:00:51,400 Speaker 1: twenty eight and has Doctumni futures of nine. The Dacks 16 00:00:51,440 --> 00:00:54,240 Speaker 1: in Germany's down six tenths per set ten your treasury 17 00:00:54,280 --> 00:00:56,640 Speaker 1: of two thirty seconds, the yield one point seven one 18 00:00:56,680 --> 00:00:59,640 Speaker 1: per set. NIMEX screwed oil up one point three or 19 00:00:59,680 --> 00:01:02,200 Speaker 1: sixty seven cents to fifty one oh to a barrel 20 00:01:02,440 --> 00:01:04,880 Speaker 1: comics gold up one point one per cent, or fourteen 21 00:01:04,920 --> 00:01:08,600 Speaker 1: dollars twenty cents to twelve six ounce the euro at 22 00:01:08,640 --> 00:01:11,679 Speaker 1: other tho the end one of six point nine four. 23 00:01:12,200 --> 00:01:15,760 Speaker 1: That's a Bloomberg business flash, Tom and Mike Karon Mouska, 24 00:01:15,800 --> 00:01:18,959 Speaker 1: thank you very much. Well, it is history, or as 25 00:01:19,000 --> 00:01:22,720 Speaker 1: the newspaper headline puts in her story, Hillary Clinton becomes 26 00:01:22,760 --> 00:01:26,920 Speaker 1: the first woman to become the presidential nomine of a 27 00:01:26,920 --> 00:01:31,319 Speaker 1: presidential nominee of a major political party, a development that 28 00:01:31,360 --> 00:01:35,160 Speaker 1: has gotten a little bit short shrifts given everything else 29 00:01:35,160 --> 00:01:38,560 Speaker 1: that's going on in the political world these days. Is 30 00:01:38,560 --> 00:01:41,920 Speaker 1: particularly her opponent, and Heita Done is a Democrats tragist 31 00:01:41,920 --> 00:01:45,959 Speaker 1: and managing director at s KDI Knickerbocker, and she used 32 00:01:45,959 --> 00:01:49,480 Speaker 1: to be the communications director at the White House under 33 00:01:49,520 --> 00:01:54,160 Speaker 1: President Barack Obama. UM, and you know, I'm wondering, is 34 00:01:54,160 --> 00:01:58,160 Speaker 1: is the woman candidate thing something that Hillary is going 35 00:01:58,200 --> 00:02:00,720 Speaker 1: to be able to build on in you was or 36 00:02:01,560 --> 00:02:04,680 Speaker 1: does it just become another another resume point that is 37 00:02:05,480 --> 00:02:16,280 Speaker 1: less resonant in a time of Trump. I was thinking 38 00:02:16,320 --> 00:02:20,240 Speaker 1: about two thousand eight, where throughout the primary process there 39 00:02:20,320 --> 00:02:22,960 Speaker 1: was this knowledge that Barack Obama was either going to 40 00:02:23,000 --> 00:02:28,000 Speaker 1: be the first African American nominee of a major political party, 41 00:02:28,360 --> 00:02:30,200 Speaker 1: or that Hillary Clinton was going to be the first 42 00:02:30,480 --> 00:02:33,720 Speaker 1: female nominee of a major political party, but that either way, 43 00:02:33,960 --> 00:02:35,919 Speaker 1: history would be made. And yet when the history was 44 00:02:35,960 --> 00:02:40,720 Speaker 1: actually made, it felt very It felt very important at 45 00:02:40,760 --> 00:02:43,080 Speaker 1: that moment, even knowing it was going to be done. 46 00:02:43,280 --> 00:02:46,000 Speaker 1: And I think last night what you saw was a 47 00:02:46,120 --> 00:02:51,239 Speaker 1: candidate who was very comfortable with her voice, with the 48 00:02:51,360 --> 00:02:54,320 Speaker 1: nature of her candidacy, with the piece of history, but 49 00:02:54,400 --> 00:02:57,280 Speaker 1: not saying vote for me because I'm a woman, saying 50 00:02:57,480 --> 00:02:59,880 Speaker 1: vote for me because I'm the best person for this job. 51 00:03:00,240 --> 00:03:03,640 Speaker 1: And I think that that is an important part of 52 00:03:03,960 --> 00:03:06,919 Speaker 1: moving forward. Gender is a piece of this, but it's 53 00:03:07,000 --> 00:03:11,560 Speaker 1: only part of who she is. It does it bring 54 00:03:11,639 --> 00:03:14,920 Speaker 1: her a lot of votes um that she wouldn't otherwise get. 55 00:03:16,720 --> 00:03:18,400 Speaker 1: You know, I don't think people will vote for her 56 00:03:18,400 --> 00:03:20,720 Speaker 1: automatically because she's a woman, and I don't think she 57 00:03:20,720 --> 00:03:24,800 Speaker 1: would expect people to do that. But do do we 58 00:03:24,960 --> 00:03:29,680 Speaker 1: recognize that it's important to have different viewpoints, different backgrounds, people, 59 00:03:30,120 --> 00:03:33,360 Speaker 1: diversity of opinion, and diversity of leadership In this country, 60 00:03:33,639 --> 00:03:39,320 Speaker 1: I think increasingly corporate boards, um C suite nonprofits, and yes, 61 00:03:39,360 --> 00:03:42,000 Speaker 1: the government is recognizing that's important. And I think that 62 00:03:42,120 --> 00:03:45,520 Speaker 1: voters recognize that as well. You are wonderful they have 63 00:03:45,640 --> 00:03:48,360 Speaker 1: on today because in two thousand and eight you were 64 00:03:48,840 --> 00:03:54,400 Speaker 1: granted the ethereal power Couple designation with you in Washington. 65 00:03:54,480 --> 00:03:56,960 Speaker 1: It's great to speak to one of the power couple 66 00:03:57,080 --> 00:03:59,680 Speaker 1: of any given year. I mean, that must be a 67 00:03:59,720 --> 00:04:04,080 Speaker 1: pot it upon you. What would be your advice to 68 00:04:04,160 --> 00:04:08,200 Speaker 1: the quote unquote Trump team today? You, I'm sure had 69 00:04:08,240 --> 00:04:12,360 Speaker 1: to sit a Senator Obama down here or there and say, no, sir, 70 00:04:12,480 --> 00:04:14,680 Speaker 1: this is how it's done. And you could do that 71 00:04:14,720 --> 00:04:17,359 Speaker 1: with all your charm. How do you do that with 72 00:04:17,480 --> 00:04:20,600 Speaker 1: Donald Trump? I see no evidence that he's listening to 73 00:04:20,760 --> 00:04:27,320 Speaker 1: beasts like you. You know, Donald Trump is the classic, 74 00:04:27,400 --> 00:04:31,840 Speaker 1: in certain outsider candidate for someone who has operated inside 75 00:04:31,839 --> 00:04:35,480 Speaker 1: the system for so long. He won he wanted his way, 76 00:04:35,760 --> 00:04:37,760 Speaker 1: He won it with a very small staff that he, 77 00:04:38,080 --> 00:04:40,960 Speaker 1: by all accounts, didn't listen to. And now he has 78 00:04:41,000 --> 00:04:43,760 Speaker 1: all the so called smart people in his political party 79 00:04:43,760 --> 00:04:45,880 Speaker 1: telling him he has to change, and he's sitting there thinking, 80 00:04:46,160 --> 00:04:48,440 Speaker 1: didn't I just beat all of you? This is not 81 00:04:48,560 --> 00:04:51,200 Speaker 1: a new thing. We see you know, I've seen this 82 00:04:51,240 --> 00:04:53,360 Speaker 1: for years. You see, it was senate candidates who win 83 00:04:53,440 --> 00:04:57,279 Speaker 1: from the outside, gubernatorial candidates, congressional where there comes an 84 00:04:57,320 --> 00:05:00,120 Speaker 1: inevitable moment where yes, you won it your way in 85 00:05:00,120 --> 00:05:02,880 Speaker 1: the primary, but a general election is a very different 86 00:05:02,920 --> 00:05:05,080 Speaker 1: can did that occur with Senator Obama? I mean the 87 00:05:05,120 --> 00:05:07,320 Speaker 1: first time I met the President was next to the 88 00:05:07,400 --> 00:05:10,920 Speaker 1: Zamboni of the Boston Bruins and in the Fleet Center. 89 00:05:11,240 --> 00:05:13,960 Speaker 1: I mean when you you had to make Senator Obama 90 00:05:14,080 --> 00:05:18,560 Speaker 1: shift to be somebody he wasn't before. Right, what did 91 00:05:18,600 --> 00:05:22,080 Speaker 1: that moment happen? Oh? I I totally disagree with that. 92 00:05:22,120 --> 00:05:27,040 Speaker 1: He never he never shifted. The campaign needed to open 93 00:05:27,120 --> 00:05:31,320 Speaker 1: itself and embrace some of the the party regulars and 94 00:05:31,400 --> 00:05:34,000 Speaker 1: part and and and people who had not supported him 95 00:05:34,000 --> 00:05:36,960 Speaker 1: in the primary. And just as everyone is talking about 96 00:05:36,960 --> 00:05:40,640 Speaker 1: the challenge of Bernie Sanders supporters this morning, you know, 97 00:05:40,720 --> 00:05:43,680 Speaker 1: we had a challenge with Hillary Clinton supporters in two 98 00:05:43,720 --> 00:05:45,960 Speaker 1: thousand eight. And part of it is you have to 99 00:05:46,000 --> 00:05:50,080 Speaker 1: set aside the linkering bitterness from the primaries, which you 100 00:05:50,200 --> 00:05:52,560 Speaker 1: have even if you want, because the luck gets said 101 00:05:52,640 --> 00:05:55,400 Speaker 1: during primaries, and the people who work for can candidates 102 00:05:55,400 --> 00:05:58,440 Speaker 1: and who are the most fervent supporters don't forget those things. 103 00:05:58,680 --> 00:06:01,000 Speaker 1: But you have to set it aside and figure out 104 00:06:01,080 --> 00:06:03,479 Speaker 1: how do we all put this back together and move forward. 105 00:06:03,839 --> 00:06:07,680 Speaker 1: But Senator Obama never had then. Senator Obama never had 106 00:06:07,680 --> 00:06:10,760 Speaker 1: a problem doing that. I gotta ask you before we 107 00:06:10,839 --> 00:06:13,720 Speaker 1: let you go here. You're you know, stranger to Washington. 108 00:06:13,839 --> 00:06:17,040 Speaker 1: You were raised in Bethesda, and you begin in your 109 00:06:17,040 --> 00:06:19,799 Speaker 1: career at the White House. Is an interned under Jerry Rafshoon. 110 00:06:20,200 --> 00:06:22,280 Speaker 1: If if you don't know who I'm talking about, people 111 00:06:22,279 --> 00:06:26,520 Speaker 1: go out and look it up. As director in the 112 00:06:26,600 --> 00:06:30,760 Speaker 1: Carter administration. How do people feel, who are you know, 113 00:06:30,880 --> 00:06:34,640 Speaker 1: long time Washingtonians about the mood in the country these 114 00:06:34,720 --> 00:06:39,880 Speaker 1: days where everybody hates Washington. Well, you know, I think 115 00:06:39,920 --> 00:06:42,960 Speaker 1: people who um, you know, people who have been in 116 00:06:43,040 --> 00:06:47,039 Speaker 1: Washington know that everybody always hates Washington. It is, you know, 117 00:06:47,160 --> 00:06:50,400 Speaker 1: it's part of our national culture. Sometimes it's worse than others. 118 00:06:50,440 --> 00:06:52,920 Speaker 1: But I think that people, I think people who work 119 00:06:52,960 --> 00:06:56,320 Speaker 1: in politics would be crazy not to recognize that there 120 00:06:56,360 --> 00:06:59,839 Speaker 1: is a fundamental disconnect right now between what people perceive 121 00:07:00,120 --> 00:07:04,200 Speaker 1: this kind of ruling class of political business, you know, 122 00:07:04,480 --> 00:07:08,400 Speaker 1: education of elites and and the rest of the country, 123 00:07:08,680 --> 00:07:11,840 Speaker 1: and you know, both of the primary processes have shown 124 00:07:11,880 --> 00:07:15,440 Speaker 1: that um and the people who do not listen to 125 00:07:15,480 --> 00:07:19,280 Speaker 1: that message are gonna find themselves seriously in trouble. And 126 00:07:19,320 --> 00:07:21,560 Speaker 1: I think that that that is something that you know, 127 00:07:21,600 --> 00:07:23,680 Speaker 1: that's a message to everybody. That's a message to New 128 00:07:23,760 --> 00:07:25,840 Speaker 1: York as much as Washington and Needa. I know you're 129 00:07:25,840 --> 00:07:27,800 Speaker 1: gonna go over and have seasonal melon at the hay 130 00:07:27,880 --> 00:07:30,640 Speaker 1: Adams Hotel here for lunch. We're gonna keep you. We're 131 00:07:30,680 --> 00:07:33,160 Speaker 1: gonna beg to keep you around for our next section 132 00:07:33,600 --> 00:07:37,880 Speaker 1: as well. On this important political day, truly an historical day, 133 00:07:37,960 --> 00:07:40,720 Speaker 1: a woman will run for president. We're thrilled to bring 134 00:07:40,760 --> 00:07:47,600 Speaker 1: you Anita done. We'll be back Bloomberg surveillance. We'll counting 135 00:07:47,600 --> 00:07:49,080 Speaker 1: down to the opening bill. 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