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Speaker 1: Bloomberg Audio Studios, Podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at

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Speaker 1: noon Eastern on Applecarplay and Enroun Auto with the Bloomberg

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Speaker 1: or watch us live on YouTube.

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Speaker 2: Welcome to the Monday edition of Balance of Power, the

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Speaker 2: fastest show in politics, live from Washington here on Bloomberg Radio,

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Speaker 2: on the satellite and on YouTube. Where you can find

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Speaker 2: us right now search Bloomberg Business News Live. As we

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Speaker 2: crawl out of another weekend, here on the campaign trail

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Speaker 2: and aim for what is this?

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Speaker 3: Is it?

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Speaker 2: Gang the final week of this campaign. Kamala Harris on

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Speaker 2: her way to Michigan today, of course, arguably one of

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Speaker 2: the most important battleground states on the seven swing states

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Speaker 2: that we're looking at here on the map. She'll be

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Speaker 2: talking about manufacturing jobs, going to a Corning facility and

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Speaker 2: be doing something with Maggie Rodgers.

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Speaker 3: Later on.

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Speaker 2: Donald Trump is in Atlanta onto the swing state of Georgia,

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Speaker 2: following his performance last evening at Madison Square Garden. This

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Speaker 2: was a five hour, five plus hour rally that included

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Speaker 2: a lot more than Donald Trump, and if you scan

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Speaker 2: the headlines today, they're all pretty consistent because well, what

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Speaker 2: it was before Donald Trump ever hit the stage was

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Speaker 2: some of the most heated and off color rhetoric that

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Speaker 2: we have heard in this campaign so far. New levels

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Speaker 2: in attempts at comedy that ended with crude, sexist and

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Speaker 2: racist jokes that spawned a lot of reaction from Republicans

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Speaker 2: as well as Democrats, particularly those in swing districts. We

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Speaker 2: heard just a few moments ago from Kamala Harris who

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Speaker 2: was asked about some of the language at Madison Square

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Speaker 2: Garden and the messaging from the Trump campaign. She's on

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Speaker 2: the tarmac on the way to Michigan. As I mentioned,

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Speaker 2: here's what she said.

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Speaker 4: This is not new about him. By the way, what

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Speaker 4: he did last night is not a discovery.

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Speaker 5: It is just more of the same and maybe more

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Speaker 5: vivid than usual. Donald Trump spends full time trying to

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Speaker 5: have America's point. They're finger at each other, fans the

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Speaker 5: fuel of the hate and division, and that's why people

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Speaker 5: are exhausted with him.

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Speaker 2: And so this is the closing argument, right, This is

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Speaker 2: part of the message from the Trump campaign, even though

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Speaker 2: it is also out with some ads that are being

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Speaker 2: very well reviewed by the way from but that it

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Speaker 2: goes on both sides of the aisle for their perceived

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Speaker 2: effectiveness on the economy. On the Biden Harris record last evening,

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Speaker 2: though we were telling jokes, you probably wouldn't be able

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Speaker 2: to tell the Thanksgiving table when the family gets together

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Speaker 2: next month. Now we have seen the final drop from

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Speaker 2: Siena and the New York Times, our friend Don Levy,

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Speaker 2: who's been with us for many months tracking their poll

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Speaker 2: and coming up with a very similar result to the

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Speaker 2: Bloomberg swing state pole when you look at the presidential level,

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Speaker 2: ours was forty nine forty nine. His is forty eight

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Speaker 2: forty eight, and new numbers today as well on some

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Speaker 2: house races that we're watching specifically in New York. Also

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Speaker 2: a couple of Senate races that could throw wild cards

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Speaker 2: into the final analysis. They certainly are into the walk up.

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Speaker 2: Don Levy is director of the Sienna College Research Institute

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Speaker 2: and with us one week out. Donn, it's great to

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Speaker 2: see you. Thank you so much for joining us today

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Speaker 2: as always on Bloomberg. If I could just start with

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Speaker 2: the presidential knowing that a lot of people are voting

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Speaker 2: right now, Michigan has statewide early voting underway as of Saturday.

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Speaker 2: You wonder if the rhetoric like we're hearing right now

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Speaker 2: Madison Square Garden last night on the ellipse from Kamala

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Speaker 2: Harris tomorrow poses any having any impact on this race

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Speaker 2: at all, or if people's decisions have been made.

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Speaker 6: Well, certainly we're at forty eight forty eight, it can't

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Speaker 6: get any closer than that. Still, there remain about ten

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Speaker 6: percent of Americans who say they are persuadable, who say

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Speaker 6: they might change their mind. And clearly the issue of

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Speaker 6: democracy is one that both campaigns are trying to.

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Speaker 3: Make a point on.

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Speaker 6: I feel like at our most recent national poll you

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Speaker 6: see that more voters seem to be a little bit

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Speaker 6: concerned about the effect that Donald Trump might have on

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Speaker 6: our democratic institutions than Kamala Harris. In fact, we saw

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Speaker 6: that fifty eight percent feel as though Trump worsens the

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Speaker 6: partisan divide. Only thirty seven percent feel the same way

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Speaker 6: towards Harris. And interestingly, when we asked about do you

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Speaker 6: take Trump seriously? Now, overall Americans are a out split

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Speaker 6: forty eight forty six. What do they tend to take

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Speaker 6: them seriously? But where they do take him seriously. Large

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Speaker 6: majorities say they take Donald Trump seriously when it comes

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Speaker 6: to him using the dog doj excuse me to prosecute

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Speaker 6: his political opponents? And more than two thirds of Americans

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Speaker 6: donald Trump seriously when it comes to the possibility that

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Speaker 6: there would be mass deportations of eleven million current illegal

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Speaker 6: immigrants who are here in the United States. So the rhetoric,

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Speaker 6: the partisan divide still could weigh on that ten percent

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Speaker 6: who has yet not carved their vote in.

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Speaker 2: Granted, there was a really interesting number in your poll

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Speaker 2: about the economy. Don Donald Trump at a thirteen point

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Speaker 2: edge over Harris on who is better suited to handle

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Speaker 2: the economy broadly one month ago, that is shrunk to

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Speaker 2: six percentage points. If you're looking at momentum, does that

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Speaker 2: factor in to what might happen a week from tomorrow, Well, you've.

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Speaker 3: Got to feel that the Harris campaign feels that way.

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Speaker 3: This is a significant drop.

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Speaker 6: I mean, Trump has been running at double digits as

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Speaker 6: more trusted on the economy for a long time, you know,

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Speaker 6: go all the way back a year ago when it

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Speaker 6: was Trump versus Biden. So to see that number drop

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Speaker 6: to seven points, it's significant movement. Still, the voters say

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Speaker 6: what's the most important thing to you? Overwhelmingly they say

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Speaker 6: the economy, the cost of living. So Trump continues to

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Speaker 6: hold a lead there where does Harris hold the lead?

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Speaker 6: And that one hasn't moved the issue of abortion. She's

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Speaker 6: got about a fourteen to fifteen point advantage on that issue.

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Speaker 6: But if it comes right down to the economy, that

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Speaker 6: seven point lead for Trump is a significant margin.

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Speaker 2: Joe Biden is voting early today. Producer James says he's

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Speaker 2: in line in Wilmington. He was set to do this

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Speaker 2: at eleven. He's in line the president of the United States. James.

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Speaker 2: He's just waiting in line. That's a long line. That

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Speaker 2: is anybody with him. He's got the Secret Service with

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Speaker 2: him in line. Don I feel like he should have

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Speaker 2: just listened to the show, maybe gone a little later,

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Speaker 2: let the lines die down. The early voting part of

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Speaker 2: this campaign is part of the story. Don do you

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Speaker 2: actually to look at where your polling was as each

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Speaker 2: state opened, to maybe create a little curve in your

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Speaker 2: own mind about the way this is impacting things as

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Speaker 2: you get these snapshots along the way people are making

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Speaker 2: their decisions.

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Speaker 3: Yeah. Absolutely, I mean, we certainly asked voters whether they

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Speaker 3: have already voted.

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Speaker 6: It seems as though, while not yet at pandemic levels,

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Speaker 6: that we're seeing a tremendous amount of voters that we're

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Speaker 6: telling us I've already voted still, you know, right now,

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Speaker 6: you know, we're asking them who did you vote for?

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Speaker 6: Who are you going to vote for? So right now

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Speaker 6: we concentrate on what the voters tell us. And clearly

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Speaker 6: we're moving now from the national polls and we'll do

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Speaker 6: our final round of battle grade the battleground states over

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Speaker 6: this week and be happy to jump onder the week

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Speaker 6: from today when we're going to have fresh polls in

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Speaker 6: the seven key battleground states.

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Speaker 2: Oh, that's a date that let's plan for that. I

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Speaker 2: guess I'd love to get your long view here done.

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Speaker 2: You've been at this for months and months, watching these

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Speaker 2: numbers move a bit but not a lot. You've gone

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Speaker 2: through a change at the top of one of the

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Speaker 2: tickets here, so much wild rhetoric that we've heard, attempted assassinations.

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Speaker 2: Yet the consistency in this race as a tie is remarkable.

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Speaker 3: What do you make of it?

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Speaker 6: I've never seen one that is tied like this coming

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Speaker 6: right into the final stretch. You know, but when you

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Speaker 6: look under the hood, we are a divided nation. Men

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Speaker 6: tend to be for Trump, women for Harris. If you

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Speaker 6: look at voters, for example, white voters without a college.

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Speaker 3: Education overwhelmingly for Trump.

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Speaker 6: If you look at the black vote, you know, a

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Speaker 6: lot was made early in the campaign about some erosion,

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Speaker 6: most especially amongst young black men away.

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Speaker 3: From the Democratic side of the ticket. That seems to have.

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Speaker 6: Returned Hispanics, you know, very much in play a small

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Speaker 6: margin for Harris.

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Speaker 3: So really it's going to come down to.

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Speaker 6: These these subgroups and who turns out at at rates

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Speaker 6: greater or less than what they have historically turned out.

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Speaker 6: That is where the difference could lie most especially, and

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Speaker 6: I think, you know, we want to look very carefully

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Speaker 6: at all seven battleground states, but most specifically at the

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Speaker 6: three northern ones where we have all those groups of

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Speaker 6: people well represented in a small change in turnout amongst

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Speaker 6: for example, black voters in the urban centers or white

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Speaker 6: non college educated voters, which you know, you know, certainly

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Speaker 6: with a thirty to thirty five point advantage for Trump,

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Speaker 6: are key to his campaign in states like Pennsylvania, Michigan,

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Speaker 6: and in Wisconsin. So it's going to come down to turnout.

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Speaker 6: I think the polls coalescing on very similar numbers have

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Speaker 6: done a good job of capturing the national mood and

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Speaker 6: not really, it's going to come down to which of

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Speaker 6: these subgroups turnout at rates greater than they have historically

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Speaker 6: turned out.

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Speaker 2: I've got to ask you about these two Senate races,

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Speaker 2: Rasca and Texas. We didn't think we'd be talking about

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Speaker 2: them here in the eleventh hour, but they've become awfully interesting.

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Speaker 2: You're polling confirms what a lot of people have thought.

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Speaker 2: Dan Osborne, the Independent, is within striking distance of Senator

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Speaker 2: Deb Fisher. In Texas. Colin Alrett has a real race.

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Speaker 2: You're against Ted Cruz. I've only got a minute left here.

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Speaker 2: Done any of these, either of these two happened, it

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Speaker 2: changes the balance of power in the Senate. Correct.

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Speaker 6: Oh, absolutely, these are key center races. The one in

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Speaker 6: Nebraska came out of nowhere.

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Speaker 3: Of course.

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Speaker 6: The challenger there, Osbourne is an Independent. He hasn't as

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Speaker 6: yet said who he would caucus with, but he's within

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Speaker 6: two points and he is drastically overperforming where Kamala Harris

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Speaker 6: is an esstet. So voters are making a real difference

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Speaker 6: between Harris the Democrat and Osborne the Independent, so that

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Speaker 6: one is razor thin right now. And we all know

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Speaker 6: that the second racial district in Nebraska is Key Asborne's

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Speaker 6: way up there.

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Speaker 3: Harris is up there that won electro vote Paris, Texas.

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Speaker 2: And you've got a four race, four point race in Texas.

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Speaker 2: Don come back and see us. I think we have

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Speaker 2: a date a week from today, right or a week

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Speaker 2: from tomorrow. James will follow up with the I'm Joe,

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Speaker 2: Matthew and Washington. Thanks for being with us.

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Speaker 7: Thirty number twenty four is joining us now, I'm pleased

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Speaker 7: to say. From our world headquarters in New York. Former

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Speaker 7: New York Knicks player, Olympic gold medalist, once a candidate

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Speaker 7: for president himself, and of course multiple term Democratic Senator

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Speaker 7: from New Jersey, Bill Bradley is with us here on

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Speaker 7: Bloomberg TV and Radio. Sir welcome to Balance of Power.

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Speaker 7: We appreciate you joining us. As Joe said just a

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Speaker 7: few moments ago, you've spent a good deal of time

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Speaker 7: in Madison Square Garden, likely more than Donald Trump. What

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Speaker 7: was your reaction to what we saw take place there yesterday?

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Speaker 8: I thought it was a sad night for Madison Square Garden.

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Speaker 8: It was a kind of desecration of a place that is,

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Speaker 8: in my view, the home of champions and that was

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Speaker 8: not ten championship action last night. I think of the

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Speaker 8: values that we demonstrated as a team when the Knicks,

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Speaker 8: when we won two World championships, things like courage, discipline, respect, responsibility, unselfishness,

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Speaker 8: and none of that was displayed last night at all.

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Speaker 8: To the contrary, often it was the opposite. And here

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Speaker 8: I have on my lapel a number nineteen, and that

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Speaker 8: is the number of Willis Reid, who was our star center,

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Speaker 8: who sacrificed his career to come out in the seventh

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Speaker 8: game in nineteen seventy, when we won the World Championship

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Speaker 8: for the first time. So last night was a sad

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Speaker 8: night for the Garden, and it it reflected none of

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Speaker 8: the values that I came to learn as a kid

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Speaker 8: growing up, and I think thousands of millions of people

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Speaker 8: in sports learn certain things that are reflected by the

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Speaker 8: accomplishment and championships in Madison Square Garden and Donald Trump

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Speaker 8: doesn't reflect those things. Let's just take one example. When

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Speaker 8: you're a kid growing up, what do your coaches tell you, Well,

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Speaker 8: if you lose, you congratulate the opponent. Donald Trump has

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Speaker 8: never done that. Last night, I was the kind of

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Speaker 8: half wired slip. And the reality is that those values

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Speaker 8: are the key to a lot of people's lives, some

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Speaker 8: of whom actually vote for Trump, and I'm saying he

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Speaker 8: does not reflect those values, and we have to come

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Speaker 8: to terms with that. And I hope that will mean

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Speaker 8: people will look at this and say, Kamala Harris has

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Speaker 8: the set of values that we care.

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Speaker 2: About, Senator, and thank you again for joining us today.

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Speaker 2: We hear some off color remarks sometimes in the locker

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Speaker 2: room we're at games, but what we heard last night

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Speaker 2: was on stage. It was into a microphone and people

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Speaker 2: were standing and shearing. I didn't hear any booing when

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Speaker 2: I heard some of the more off color jokes coming

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Speaker 2: from the comedians and some of the others who were

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Speaker 2: speaking before Donald Trump, and it does make you wonder

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Speaker 2: about this change in the tenor in politics. Is this

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Speaker 2: just the say it out loud campaign?

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Speaker 8: Well, I think that it shows that there is a

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Speaker 8: dramatic decrease in a level of respect people have for

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Speaker 8: each other, and certainly opponents have for each other. And

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Speaker 8: I thought that last night was a new low in

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Speaker 8: that regard. I mean, when we were champions in that arena,

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Speaker 8: we were a diverse group of Americans from all over

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Speaker 8: the country, different races, and we came together because of

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Speaker 8: our unselfishness and our commitment to be the best we

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Speaker 8: could be. Those are the values that I think people learn,

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Speaker 8: and those are the values that I think are not

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Speaker 8: reflected in Donald Trump. He's never played a sport. He

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Speaker 8: doesn't understand what it is to be a champion, and

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Speaker 8: therefore he' spews all this hatred and all this division

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Speaker 8: every day, not realizing that it's actually contrary to achieving

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Speaker 8: what a president has to achieve, which is bring people

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Speaker 8: together and take them to higher ground.

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Speaker 7: Well, Senator, he may not be a champion in any

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Speaker 7: kind of sports, arena or area, but he does know

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Speaker 7: what it's like to be the victor in a presidential election.

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Speaker 7: He did win in twenty sixteen, didn't last time. There

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Speaker 7: is a chance he wins this time around. This is

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Speaker 7: still a race that is neck and neck. What's your

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Speaker 7: real view of what could happen when the results come in.

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Speaker 8: I think it's a very close race. I think seven

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Speaker 8: states will decide it. I think turnout is absolutely key.

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Speaker 8: I mean, for example, in Wisconsin, in North Carolina, there

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Speaker 8: are like four hundred thousand people who have not registered,

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Speaker 8: or if they've registered, they've got to turn them out.

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Speaker 8: They're Democrats, all of them. They are like three hundred

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Speaker 8: and eighty five thousand people in Pennsylvania and Michigan in

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Speaker 8: the same category. And the question is if Democrats can

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Speaker 8: turn the vote out, Kamala Harris will be the next

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Speaker 8: president of the United States. And I think that all

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Speaker 8: of these actions in the last week, particularly the extremes

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Speaker 8: that Donald Trump has taken his rhetoric, only will produce

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Speaker 8: more turnout for Democrats.

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Speaker 2: We waited a long time for that two thousand race

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Speaker 2: to be called Bill Bradley. How long will we wait

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Speaker 2: for this one?

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Speaker 8: We didn't wait that long. I hope that I hope

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Speaker 8: it's called on election night, but I have to be

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Speaker 8: realistic and say, maybe it's a week later. I think

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Speaker 8: the key thing is just how many people are outraged

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Speaker 8: and come out and vote. And it's on both sides.

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Speaker 8: I mean, who has the greatest emotional pitch going forward?

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Speaker 8: What kind of country do we want to have? Do

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Speaker 8: we want a country that takes everybody to higher economic

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Speaker 8: ground where everybody has a chance, or do you want

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Speaker 8: to have a country that is divisive in a country

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Speaker 8: that feeds the wealthy the bulk of the benefits. And

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Speaker 8: to my view, it's a pretty clear case. If people

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Speaker 8: hear Kamala Harrison's program, they who prefer it over Donald

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Speaker 8: Trump's program. But the question is will people actually hear it.

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Speaker 3: Well?

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Speaker 7: And will she say it enough times? Senator? She's focused

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Speaker 7: a lot of her closing messages on issues of democracy,

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Speaker 7: the threat Trump's poses, reproductive rights, for example, Does she

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Speaker 7: need to spend more of the next eight days talking

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Speaker 7: about the economy specifically?

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Speaker 8: Well, I think that it wouldn't hurt to have her

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Speaker 8: make a talk about taking more people to hich on

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Speaker 8: the ground and drawing the contrasts. But I know in

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Speaker 8: closing days they already have a strategy. It's laid out,

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Speaker 8: and she's saying important things, very important things, and I

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Speaker 8: think the whole issue of reproductive rice could very well

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Speaker 8: be a dramatic move. But the other day she made

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Speaker 8: a speech in Houston, Texas that nobody really covered. I

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Speaker 8: happened to watch the whole speech. It was a very

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Speaker 8: powerful speech on what would be like as a country

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Speaker 8: where women did not have access to the possibility of abortion,

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Speaker 8: and it would be a quite different place for women,

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Speaker 8: and I agree for men too.

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Speaker 2: Michelle Obama spoke at that address. Arguably one of the

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Speaker 2: most effective surrogates that Kamala Harris has on the trail,

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Speaker 2: and they've been holding her, I guess as the secret

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Speaker 2: weapon for the eleventh hour here. What do you make

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Speaker 2: of the use of celebrity, whether it's Beyonce who was

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Speaker 2: at that rally, Bruce Springsteen a couple of nights before

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Speaker 2: Donald Trump showed up with Hulk Hogan last night. Does

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Speaker 2: anybody care about this stuff? Does it actually mobilize an

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Speaker 2: undecided voter to go to a poll next week?

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Speaker 8: Well, I mean maybe this shows my age or my

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Speaker 8: export or what. I don't think people care about Paul Klogan, right,

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Speaker 8: But I think Bruce Springsteen, he's a great new Jersey,

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Speaker 8: and he's got a voice. Why shouldn't he have a

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Speaker 8: chance to express it, Beyonce, celebrities are just people. They're

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Speaker 8: not giants, and they're people who have children and families

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Speaker 8: and they want to have a country that moves forward.

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Speaker 8: And those who spoke for Kamla are people who want

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Speaker 8: to have everybody to go to higher economic ground. That's

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Speaker 8: the economic message of Democratic Party has always been and

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Speaker 8: can be now, and that's what you heard many of

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Speaker 8: them say over the week. The fact that their celebrities

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Speaker 8: doesn't bother me. And I think that if they draw

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Speaker 8: a few more people to listen to what Kamla has

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Speaker 8: to say, that's fine.

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Speaker 7: Or maybe if a few more people to donate. Harris's

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Speaker 7: campaign has raised more than a billion dollars just since

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Speaker 7: she became the candidate. And I know, Sarah, you have

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Speaker 7: been working with Issue one, which is looking at dark

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Speaker 7: money in politics, the money that surrounds our presidential and

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Speaker 7: democratic system. Are you concerned by how much has been

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Speaker 7: raised and spent? Should it be this way?

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Speaker 8: No, it should not be this way. I mean back

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Speaker 8: into dark ages. When I ran for president, one of

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Speaker 8: the issues I talked a lot about was campaign financial reform.

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Speaker 8: You have to take money out of politics or you're

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Speaker 8: always going to have problems. And this campaign on both

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Speaker 8: sides demonstrates once again that the amount of money will

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Speaker 8: come with the price at some point. And I think

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Speaker 8: a lot of the Democratic money comes with people who

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Speaker 8: are idealistic and who want to see certain things happen

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Speaker 8: in the country to make America a better place. And

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Speaker 8: that's fine, those are the rules. We played by the rules.

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Speaker 8: But if we're looking at the health of our democracy,

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Speaker 8: we dramatically need to have campaign financial reform.

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Speaker 2: It's great to have you Bill Bradley come see us again,

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Speaker 2: former Democratic Senator from New Jersey, of course, former presidential

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Speaker 2: candidate and Basketball Hall of Famer twenty four hanging in

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Speaker 2: the rafters at Madison Square Garden as we recover from

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Speaker 2: an interesting night on the trail with Kaylee Lines. I'm

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Speaker 2: Joe Matthew.

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Speaker 1: This is Bloomberg. You're listening to the Bloomberg Balance of

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Speaker 1: Power podcast. Catch us live weekdays at noon Eastern on

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Speaker 1: Eppo car Play and then Roudo with the Bloomberg Business app.

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Speaker 1: Listen on demand wherever you get your podcasts, or watch

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Speaker 1: us live on YouTube.

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Speaker 7: Donla Harrison Michigan ahead of her appearance here in d

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Speaker 7: CED tomorrow and which she'll give a closing argument speech

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Speaker 7: on the National Mall. And Donald Trump today is in

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Speaker 7: Georgia after his rally madiscorre in Madison Square Garden in

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Speaker 7: New York last night. And of course, while a lot

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Speaker 7: of the headlines captured what other speakers said last night,

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Speaker 7: whether it was off color jokes about Puerto Rico from

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Speaker 7: a comedian or descriptions improper ones of Kamala Harris's racial

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Speaker 7: identity from others like Tucker Carlson, Donald Trump himself did

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Speaker 7: speak and in part doubled down on some of his

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Speaker 7: rhetoric we've already seen on the campaign trail, including saying

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Speaker 7: this on the enemy within.

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Speaker 9: When I say the enemy from within the other side

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Speaker 9: goes crazy, becomes the soundho, how can you say, now,

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Speaker 9: they've done very bad things to this country. They are

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Speaker 9: indeed the enemy from within. But this is who we're fighting.

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Speaker 9: These are the people who are doing such harm to

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Speaker 9: our country with their open border policies.

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Speaker 2: That was after a five hour leading at Madison Square Garden.

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Speaker 2: And indeed, people do go crazy over this enemy within line,

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Speaker 2: and it might in fact be the closing argument if

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Speaker 2: you've tried to crystallize this on a bumper sticker. Let's

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Speaker 2: assemble our politic panel. They're back with us together today.

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Speaker 2: Rick Davis and Genie Shanzino, Bloomberg Politics contributors. She is

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Speaker 2: Democratic analyst and political science professor at Iona University. He

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Speaker 2: is Republican strategist and partner at Stone Court Capital. Rick,

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Speaker 2: your thoughts on this presentation last evening as we head

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Speaker 2: for as Kayley mentioned some interesting optics for Kamala Harris

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Speaker 2: tomorrow is going to be talking about freedom here on

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Speaker 2: the National Mall, recalling January sixth, You have posited more

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Speaker 2: than once that both of these are misguided. Now that

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Speaker 2: we've got one down, how do you feel.

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Speaker 10: Oh, she's closing on this Regardless, it would be nice

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Speaker 10: at least the third leg of the stool be on

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Speaker 10: the economy, because I do think that they have a

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Speaker 10: story to tell, but they've just chosen really not to

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Speaker 10: engage in that really matching, you know, sort of talk

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Speaker 10: about future tax cuts with whatever the Trump campaign's doing.

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Speaker 10: So look, I mean there's no question that January sixth

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Speaker 10: is alling argument to make to certain voters, and insomuch

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Speaker 10: is she's focused in on suburban women in the targeted

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Speaker 10: states that might have some residents there. Certainly does on

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Speaker 10: the abortion issue, but she is not doing much to

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Speaker 10: try and hold down Donald Trump's expansion in the urban

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Speaker 10: environment with young Latino, Black, and non college educated white males.

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Speaker 10: And that is the real big vulnerability she's got within

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Speaker 10: her base, and her efforts to try and hold back

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Speaker 10: Trump's growth in the rural areas with non college white

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Speaker 10: men especially has kind of petered out. We don't hear

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Speaker 10: that anymore. She's been doing tours through the rural areas,

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Speaker 10: but she stopped doing that, So we'll see where that slamds.

438
00:24:48,560 --> 00:24:51,879
Speaker 10: But if she doesn't win this election, I think a

439
00:24:51,880 --> 00:24:53,359
Speaker 10: lot of people are going to be second guessing a

440
00:24:53,440 --> 00:24:55,919
Speaker 10: lack of economic message in her closing.

441
00:24:57,600 --> 00:24:57,879
Speaker 3: Well.

442
00:24:57,960 --> 00:25:00,639
Speaker 7: So, Genie, how much time should she spend on the

443
00:25:00,720 --> 00:25:04,120
Speaker 7: economy tomorrow? And frankly, should she talk about any policy

444
00:25:04,160 --> 00:25:07,440
Speaker 7: ideas that she hasn't already articulated or is it too

445
00:25:07,520 --> 00:25:09,960
Speaker 7: late for that kind of thing to resonate? Knowing Donald

446
00:25:10,000 --> 00:25:12,440
Speaker 7: Trump floated a new tax credit yesterday.

447
00:25:14,040 --> 00:25:16,480
Speaker 5: Yeah, and it's won by the way that that Kamala

448
00:25:16,520 --> 00:25:19,520
Speaker 5: Harris had put out already a few weeks ago, and

449
00:25:19,560 --> 00:25:23,000
Speaker 5: she's got a big, big, eighty page document out there

450
00:25:23,119 --> 00:25:26,520
Speaker 5: touting her policies. But the reality is this has not

451
00:25:26,600 --> 00:25:29,920
Speaker 5: been an election about policy by any stretch of the imagination.

452
00:25:30,080 --> 00:25:32,960
Speaker 5: So while I wish it was, it hasn't been. She's

453
00:25:33,080 --> 00:25:36,680
Speaker 5: going to win by talking about the issue of Donald

454
00:25:36,680 --> 00:25:41,359
Speaker 5: Trump getting into office and not having any guardrails around

455
00:25:41,400 --> 00:25:45,359
Speaker 5: him this time and exacting the revenge that he has promised.

456
00:25:45,400 --> 00:25:47,800
Speaker 5: I mean, you played that clip at the top, and

457
00:25:47,840 --> 00:25:51,280
Speaker 5: it's so important because this is not about what anybody

458
00:25:51,320 --> 00:25:54,320
Speaker 5: but Donald Trump says and what he has promised he

459
00:25:54,400 --> 00:25:58,640
Speaker 5: will do. On Friday, he wrote very clearly, I will

460
00:25:58,680 --> 00:26:02,000
Speaker 5: imprison the peace people who have come after me. He's

461
00:26:02,080 --> 00:26:06,280
Speaker 5: talking about trying to kick a federal prosecutor out of

462
00:26:06,320 --> 00:26:09,560
Speaker 5: the country, So we can say, oh, that's just rhetoric.

463
00:26:09,920 --> 00:26:12,159
Speaker 5: She's going to have to close by saying to people,

464
00:26:12,280 --> 00:26:16,080
Speaker 5: is this really what we want again, and equally importantly,

465
00:26:16,200 --> 00:26:19,679
Speaker 5: talking about their attempts to limit the freedom of people

466
00:26:19,680 --> 00:26:24,040
Speaker 5: in this country to do basic things like have their

467
00:26:24,320 --> 00:26:28,919
Speaker 5: conversations with their doctor and have sound healthcare without the

468
00:26:29,000 --> 00:26:31,960
Speaker 5: government saying we can't do with our bodies what we want.

469
00:26:32,000 --> 00:26:34,800
Speaker 5: Both men and women by the way. So yeah, I

470
00:26:34,840 --> 00:26:37,800
Speaker 5: wish there was more on the economy, but it's not

471
00:26:37,880 --> 00:26:40,080
Speaker 5: going to happen in the next few days and it's

472
00:26:40,160 --> 00:26:42,400
Speaker 5: not going to turn this election at this point.

473
00:26:43,440 --> 00:26:47,439
Speaker 2: One of Kamala Harris's most effective surrogates, Michelle Obama, was

474
00:26:47,560 --> 00:26:50,480
Speaker 2: on the campaign trail with the Vice president. Over the

475
00:26:50,520 --> 00:26:53,720
Speaker 2: course of the weekend went to Kalama Zoo, where Michelle

476
00:26:53,760 --> 00:26:56,080
Speaker 2: Obama made the case against Donald Trump.

477
00:26:56,200 --> 00:27:00,919
Speaker 11: Let's listen, let me warn you. Your rank does not

478
00:27:01,080 --> 00:27:05,400
Speaker 11: exist in a vacuum. If we don't get this election right,

479
00:27:06,240 --> 00:27:10,160
Speaker 11: your wife, your daughter, your mother, we as women will

480
00:27:10,200 --> 00:27:12,800
Speaker 11: become collateral damage to your rage.

481
00:27:14,240 --> 00:27:14,440
Speaker 3: Rick.

482
00:27:14,520 --> 00:27:17,720
Speaker 2: She was speaking directly to men, as you just heard,

483
00:27:18,320 --> 00:27:21,640
Speaker 2: trying to bring home the issue of reproductive rights and abortion,

484
00:27:22,240 --> 00:27:24,560
Speaker 2: to make this a male issue as well.

485
00:27:24,600 --> 00:27:27,520
Speaker 3: Does she succeed, Well.

486
00:27:27,480 --> 00:27:31,080
Speaker 10: Look, I think it's an important kind of speech to give.

487
00:27:31,480 --> 00:27:36,280
Speaker 10: She's very articulate. Mirrors what her husband, Barack Obama did

488
00:27:36,320 --> 00:27:39,280
Speaker 10: in Chicago a month ago. There's an issue with young

489
00:27:39,280 --> 00:27:43,760
Speaker 10: black men leaving the party and looking for greener financial

490
00:27:43,800 --> 00:27:46,800
Speaker 10: pastures in the Trump era, and so unless you're talking

491
00:27:46,840 --> 00:27:49,200
Speaker 10: to them about the money in their pocket and their

492
00:27:49,240 --> 00:27:52,960
Speaker 10: economic futures. I think you're talking past their concerns. They

493
00:27:53,000 --> 00:27:58,240
Speaker 10: are not interested in the cultural aspects of being African American.

494
00:27:58,320 --> 00:28:01,560
Speaker 10: They're interested in the economic aspects of being an American.

495
00:28:02,040 --> 00:28:04,200
Speaker 10: And I think that that is the miss that's occurring

496
00:28:04,280 --> 00:28:08,000
Speaker 10: right now. Forty five million people have already voted, and

497
00:28:08,000 --> 00:28:10,400
Speaker 10: they're not going to hear these messages from this point out.

498
00:28:10,720 --> 00:28:13,320
Speaker 10: So they're down now to two thirds of the vote

499
00:28:13,359 --> 00:28:16,119
Speaker 10: that's going to listen in on what she's what Kama

500
00:28:16,200 --> 00:28:19,720
Speaker 10: Harris is going to say tomorrow afternoon, and she ought

501
00:28:19,720 --> 00:28:21,959
Speaker 10: to make that economic pitch to those people.

502
00:28:23,840 --> 00:28:25,840
Speaker 7: Well, So it does raise a question of timing one

503
00:28:25,920 --> 00:28:27,919
Speaker 7: week out from a vote when, for in many of

504
00:28:27,960 --> 00:28:32,639
Speaker 7: these battleground states, voting has already been underway four weeks. Genie,

505
00:28:32,640 --> 00:28:34,679
Speaker 7: are we getting around to this moment a little too

506
00:28:34,800 --> 00:28:38,440
Speaker 7: late for modern elections in which early voting is becoming

507
00:28:38,560 --> 00:28:41,760
Speaker 7: increasingly popular as we've seen with record numbers.

508
00:28:42,600 --> 00:28:45,080
Speaker 5: Yeah, I mean the whole campaign has changed. I mean

509
00:28:45,200 --> 00:28:48,200
Speaker 5: forty million, as you mentioned people, almost forty million have

510
00:28:48,280 --> 00:28:53,320
Speaker 5: already voted. It is a missed opportunity. These campaigns try

511
00:28:53,360 --> 00:28:56,120
Speaker 5: to take that into account and move their clothes earlier.

512
00:28:56,600 --> 00:28:58,880
Speaker 5: But the fact is they've got to go down to

513
00:28:58,960 --> 00:29:01,920
Speaker 5: the wire and keep getting those voters out. This is

514
00:29:01,960 --> 00:29:04,960
Speaker 5: more important for the Trump campaign than even the Harris

515
00:29:04,960 --> 00:29:08,840
Speaker 5: campaign because he's trying to activate people who vote in

516
00:29:09,080 --> 00:29:14,000
Speaker 5: smaller numbers than what would be traditional Kamala Harris of voters.

517
00:29:14,040 --> 00:29:17,040
Speaker 5: So it's a tougher hill for him to climb. But

518
00:29:17,240 --> 00:29:19,560
Speaker 5: that said, I would say one interesting thing about that

519
00:29:19,600 --> 00:29:24,000
Speaker 5: Michelle Obama versus Barack Obama is whereas Barack Obama was

520
00:29:24,040 --> 00:29:27,360
Speaker 5: taking these young men to task, Michelle Obama took a

521
00:29:27,480 --> 00:29:31,560
Speaker 5: very different tact in saying, this impacts you and the

522
00:29:31,600 --> 00:29:33,960
Speaker 5: women you love as well. And again, it is not

523
00:29:34,160 --> 00:29:37,600
Speaker 5: just women's bodies, It is men and women. It is

524
00:29:37,680 --> 00:29:41,120
Speaker 5: liberty in general that they're talking about, not just this

525
00:29:41,320 --> 00:29:43,880
Speaker 5: issue of a right to choose, although that's a really

526
00:29:43,880 --> 00:29:46,880
Speaker 5: big part of this. So you've got two different messages

527
00:29:46,920 --> 00:29:50,320
Speaker 5: from arguably two of the most popular Democrats out on

528
00:29:50,360 --> 00:29:52,600
Speaker 5: the trail today in Barack and Michelle Obama.

529
00:29:53,480 --> 00:29:55,760
Speaker 2: That's quite a reception for Michelle Obama made a lot

530
00:29:55,800 --> 00:30:00,320
Speaker 2: of Democrats wonder all over Again. Genie can s while

531
00:30:00,320 --> 00:30:03,560
Speaker 2: we're talking about closing arguments, maybe questioning them on both sides,

532
00:30:04,440 --> 00:30:07,680
Speaker 2: these last couple of conversations that we've had. Look to

533
00:30:07,840 --> 00:30:10,360
Speaker 2: Friday and the monthly jobs report. This will be the

534
00:30:10,440 --> 00:30:13,440
Speaker 2: last jobs report that comes out before the election, and

535
00:30:13,480 --> 00:30:16,920
Speaker 2: it is expected to show the lowest pre election unemployment

536
00:30:17,000 --> 00:30:21,479
Speaker 2: rate in twenty four years. Shouldn't that be her closing argument?

537
00:30:23,360 --> 00:30:26,440
Speaker 5: Normally, yes, it should be, but this is anything but

538
00:30:26,600 --> 00:30:30,280
Speaker 5: a normal election. There is to Rick's point, the Democrats

539
00:30:30,360 --> 00:30:33,760
Speaker 5: do have very very good economic numbers to run on,

540
00:30:34,240 --> 00:30:38,120
Speaker 5: but it is not so far resonated with people. They

541
00:30:38,240 --> 00:30:42,280
Speaker 5: simply do not give Joe Biden credit or Kamala Harris

542
00:30:42,320 --> 00:30:45,880
Speaker 5: by extension for the positive aspects of the economy right now,

543
00:30:45,920 --> 00:30:50,680
Speaker 5: including record historically low job numbers. So for that reason,

544
00:30:50,920 --> 00:30:53,400
Speaker 5: yes they should tout them, but it can't be the

545
00:30:53,520 --> 00:30:56,479
Speaker 5: major argument they go out on here because it's not

546
00:30:56,680 --> 00:30:59,760
Speaker 5: something that we are hearing that people are voting on

547
00:30:59,920 --> 00:31:02,920
Speaker 5: or feeling, or more importantly for them, giving the Democrats

548
00:31:02,960 --> 00:31:03,480
Speaker 5: credit for.

549
00:31:05,000 --> 00:31:07,320
Speaker 7: Well, something people might be feeling every time they go

550
00:31:07,400 --> 00:31:09,920
Speaker 7: fill up their car. Wrick is that gas prices are

551
00:31:09,960 --> 00:31:13,600
Speaker 7: lower today, oil having its biggest single day drop since

552
00:31:13,680 --> 00:31:16,320
Speaker 7: July of twenty twenty two. In part that has to

553
00:31:16,360 --> 00:31:18,160
Speaker 7: do with what happened in the Middle East over the

554
00:31:18,160 --> 00:31:21,280
Speaker 7: weekend Israel and what seemed like a well calibrated d

555
00:31:21,440 --> 00:31:25,360
Speaker 7: escalatory way hitting Iranian military sites. If prices at the

556
00:31:25,360 --> 00:31:27,520
Speaker 7: pump continue to drop over the next week, if they're

557
00:31:27,560 --> 00:31:32,000
Speaker 7: lower on election day, could that marginally influence the way

558
00:31:32,000 --> 00:31:32,680
Speaker 7: people vote.

559
00:31:34,200 --> 00:31:37,040
Speaker 10: Sure, it's all about people's sentiment when they go into

560
00:31:37,120 --> 00:31:40,080
Speaker 10: that pulling place, and we still have hundreds of millions

561
00:31:40,080 --> 00:31:43,880
Speaker 10: of people to vote, so it's plenty that can affect

562
00:31:43,880 --> 00:31:45,760
Speaker 10: the outcome of this election that's been in a dead

563
00:31:45,800 --> 00:31:50,680
Speaker 10: heat almost since it started. So absolutely, If somebody's gassing

564
00:31:50,760 --> 00:31:54,080
Speaker 10: up and they say, wow, this is actually much lower

565
00:31:54,080 --> 00:31:57,960
Speaker 10: price gasoline than I ever recall having, especially under Donald Trump,

566
00:31:58,800 --> 00:32:00,720
Speaker 10: maybe there is a difference, but they have to hear

567
00:32:00,760 --> 00:32:06,120
Speaker 10: that echoed by the administration by Joe Biden, by Kamala Harris.

568
00:32:06,600 --> 00:32:09,120
Speaker 10: If Kama Harris is the spokesman for this administration, now,

569
00:32:09,400 --> 00:32:11,520
Speaker 10: why in the world isn't she talking about that today?

570
00:32:11,520 --> 00:32:13,640
Speaker 10: Why in the world is she talking about low unemployment

571
00:32:13,720 --> 00:32:17,320
Speaker 10: rates that you discussed. They do have a good news topic.

572
00:32:17,440 --> 00:32:20,360
Speaker 10: And if you try to run a campaign just on

573
00:32:20,440 --> 00:32:25,480
Speaker 10: the polling data, especially in a completely divided country that

574
00:32:25,520 --> 00:32:29,160
Speaker 10: we are now, then you're going to skip and miss

575
00:32:29,280 --> 00:32:33,360
Speaker 10: opportunities like this to take advantage of your track record.

576
00:32:33,560 --> 00:32:37,560
Speaker 10: Her track record is going to be on display on

577
00:32:37,600 --> 00:32:40,680
Speaker 10: the first Tuesday in November, and she needs to do

578
00:32:40,760 --> 00:32:43,200
Speaker 10: everything she can to brush it up between now and then.

579
00:32:45,480 --> 00:32:48,920
Speaker 2: Rick Davis and Jeanie Shanzeno always a fascinating conversation and

580
00:32:48,960 --> 00:32:51,000
Speaker 2: many thanks to both of you. Are signature paneled with

581
00:32:51,080 --> 00:32:53,520
Speaker 2: us today on the Monday edition of Balance of Power

582
00:32:53,520 --> 00:32:56,000
Speaker 2: on Bloomberg TV and Radio. Will They'll be back with

583
00:32:56,120 --> 00:32:58,600
Speaker 2: us on the late edition of Balance of Power, of course,

584
00:32:58,880 --> 00:33:02,960
Speaker 2: starting at five pm Eastern time round this time tomorrow.

585
00:33:03,040 --> 00:33:05,320
Speaker 2: The optics are going to get interesting with Kamala Harris

586
00:33:05,360 --> 00:33:06,600
Speaker 2: back here in Washington.

587
00:33:06,240 --> 00:33:07,520
Speaker 3: Aren't they. Yeah?

588
00:33:07,560 --> 00:33:09,680
Speaker 7: From the ellipse, of course, the very same spot in

589
00:33:09,680 --> 00:33:13,080
Speaker 7: which Donald Trump spoke on January sixth, twenty twenty one.

590
00:33:13,320 --> 00:33:16,320
Speaker 7: That is not by coincidence. I would imagine if she tries,

591
00:33:16,360 --> 00:33:18,360
Speaker 7: in part to make her closing argument, as we just

592
00:33:18,360 --> 00:33:21,240
Speaker 7: discussed with Rick and Genie, not necessarily just about policy,

593
00:33:21,280 --> 00:33:23,960
Speaker 7: as she was like the economy, but about character and

594
00:33:24,000 --> 00:33:26,480
Speaker 7: specifically the character of Donald Trump in the threat she

595
00:33:26,520 --> 00:33:28,600
Speaker 7: says he poses to American democracy.

596
00:33:28,840 --> 00:33:30,240
Speaker 2: You know, one of the things we were talking about

597
00:33:30,240 --> 00:33:32,560
Speaker 2: with Bill Bradley earlier this hour is how long it's

598
00:33:32,600 --> 00:33:34,840
Speaker 2: going to take to call this race. When you add

599
00:33:34,840 --> 00:33:39,000
Speaker 2: the counting of early ballots and some different procedures state

600
00:33:39,040 --> 00:33:41,120
Speaker 2: by state, it could be days, if not weeks. Kalie,

601
00:33:41,200 --> 00:33:43,200
Speaker 2: We're going to talk about that matter coming up as

602
00:33:43,240 --> 00:33:45,600
Speaker 2: well on the fastest show in politics right here on

603
00:33:45,600 --> 00:33:49,600
Speaker 2: Bloomberg TV and radio.

604
00:33:50,280 --> 00:33:53,640
Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens

605
00:33:53,800 --> 00:33:56,800
Speaker 1: just Live weekdays at noon Eastern on Applecarplay and then

606
00:33:56,880 --> 00:33:59,760
Speaker 1: ron Oro with the Bloomberg Business App. You can also listen.

607
00:34:00,160 --> 00:34:02,720
Speaker 1: I have on Amazon Alexa from our flagship New York

608
00:34:02,800 --> 00:34:05,760
Speaker 1: station Just Say Alexa playing Bloomberg eleven.

609
00:34:08,360 --> 00:34:10,960
Speaker 2: This is Balance of Power, the Monday edition. I'm Joe

610
00:34:10,960 --> 00:34:14,959
Speaker 2: Matthew alongside Kaylee Lines in Washington now eight days out

611
00:34:15,000 --> 00:34:18,680
Speaker 2: from the election, and much of our conversation is morphing

612
00:34:18,719 --> 00:34:23,240
Speaker 2: into what happens after the election, Kayley the nine week slog,

613
00:34:23,480 --> 00:34:26,520
Speaker 2: as Bruce Melman put it, between election day and the

614
00:34:26,560 --> 00:34:28,960
Speaker 2: sixth of January, remembering this is going to take a

615
00:34:28,960 --> 00:34:31,399
Speaker 2: while to call, not only the presidential campaign, the House

616
00:34:31,400 --> 00:34:33,120
Speaker 2: and all the rest. As we get a sense of

617
00:34:33,719 --> 00:34:36,160
Speaker 2: what will be the balance of power here in Washington.

618
00:34:36,200 --> 00:34:38,360
Speaker 2: That's what we're all about. And look at the headlines

619
00:34:38,360 --> 00:34:44,400
Speaker 2: today on voting irregularities, on deep fakes, on interference. US

620
00:34:44,440 --> 00:34:47,680
Speaker 2: says Russians made fake video of ballots being destroyed. That

621
00:34:47,760 --> 00:34:51,280
Speaker 2: was Pennsylvania right. Late mail ballots in Mississippi ruled illegal

622
00:34:51,360 --> 00:34:55,440
Speaker 2: in GOP challenge, Virginia voter purge blocked by US judge

623
00:34:55,440 --> 00:34:58,040
Speaker 2: ahead of election just a sampling of some of the

624
00:34:58,040 --> 00:34:59,200
Speaker 2: stories making news today.

625
00:34:59,280 --> 00:35:02,319
Speaker 7: Well, and today we learned that Virginia is escalating that case,

626
00:35:02,360 --> 00:35:04,879
Speaker 7: in particular all the way to the US Supreme Court,

627
00:35:04,960 --> 00:35:07,719
Speaker 7: or at least it has asked the justices to weigh

628
00:35:07,760 --> 00:35:09,560
Speaker 7: in on whether or not it's too close to the

629
00:35:09,600 --> 00:35:12,640
Speaker 7: election for this purge to happen. Knowing Virginia is not

630
00:35:12,680 --> 00:35:15,600
Speaker 7: the only state that has tried to do this within

631
00:35:15,640 --> 00:35:18,920
Speaker 7: a ninety day window, Removing people from voter roles, perhaps

632
00:35:18,920 --> 00:35:20,879
Speaker 7: without their knowledge, is something that has raised many legal

633
00:35:20,960 --> 00:35:23,759
Speaker 7: questions just leading up to the vote. But as Joe says,

634
00:35:23,760 --> 00:35:25,279
Speaker 7: we still have a long way to go after the

635
00:35:25,360 --> 00:35:25,879
Speaker 7: vote as well.

636
00:35:25,920 --> 00:35:29,360
Speaker 2: In terms of litigation, big time. The campaigns have lawyered up.

637
00:35:29,360 --> 00:35:31,359
Speaker 2: As we've reported, more than one hundred and sixty five

638
00:35:32,960 --> 00:35:39,160
Speaker 2: lawsuits just preemptively wait for what will come after November fifth,

639
00:35:39,560 --> 00:35:42,759
Speaker 2: as we start to pick through the ballots here, there

640
00:35:42,760 --> 00:35:46,080
Speaker 2: are so many questions that we have about fair elections.

641
00:35:46,200 --> 00:35:49,080
Speaker 2: Knowing that, as Rick Davis reminded us earlier this hour,

642
00:35:49,440 --> 00:35:51,759
Speaker 2: a third of voters have already made their decisions.

643
00:35:52,000 --> 00:35:55,239
Speaker 7: Yep, millions, tens of millions have already voted, but for

644
00:35:55,320 --> 00:35:56,960
Speaker 7: some their ability.

645
00:35:56,600 --> 00:35:59,120
Speaker 4: To vote it.

646
00:35:58,640 --> 00:36:01,480
Speaker 7: Is still in question here with some these outstanding legal

647
00:36:01,520 --> 00:36:03,960
Speaker 7: issues around these voter rules. So we want to turn

648
00:36:04,000 --> 00:36:05,000
Speaker 7: to an expert.

649
00:36:05,000 --> 00:36:05,160
Speaker 11: Now.

650
00:36:05,160 --> 00:36:07,520
Speaker 7: Rebecca Caruthers is with us. She is vice president at

651
00:36:07,560 --> 00:36:11,120
Speaker 7: the Fair Elections Center. Welcome to Balance of Power Rebecca

652
00:36:11,160 --> 00:36:13,440
Speaker 7: here on Bloomberg TV and Radio. It's nice to have you.

653
00:36:13,520 --> 00:36:16,200
Speaker 7: If we could just consider these voter role cases that

654
00:36:16,239 --> 00:36:19,040
Speaker 7: we're seeing in a number of states, Virginia included. If

655
00:36:19,080 --> 00:36:23,080
Speaker 7: the Supreme Court were to actually rule in favor of

656
00:36:23,520 --> 00:36:26,360
Speaker 7: Governor Youngkin of Virginia and say they can be removed

657
00:36:26,400 --> 00:36:29,440
Speaker 7: from voter rules, what potentially could be unleashed? How many

658
00:36:29,480 --> 00:36:31,719
Speaker 7: people could show up to the polls on election day

659
00:36:31,719 --> 00:36:34,320
Speaker 7: and find that they are not in fact still registered.

660
00:36:35,640 --> 00:36:37,560
Speaker 4: Well, of course, thanks, first of all, thank you so

661
00:36:37,680 --> 00:36:41,200
Speaker 4: much for having me today. According to the National Voter

662
00:36:41,280 --> 00:36:45,160
Speaker 4: Registration Act, you cannot remove people from the election roles

663
00:36:45,160 --> 00:36:48,400
Speaker 4: within ninety days. I'm fair Election Center that I found

664
00:36:48,400 --> 00:36:52,960
Speaker 4: a lawsuit several weeks ago in Alabama because in Alabama

665
00:36:53,000 --> 00:36:55,480
Speaker 4: there were folks who are being removed, and it turns

666
00:36:55,480 --> 00:36:58,360
Speaker 4: out the court cited with us and said absolutely, you

667
00:36:58,400 --> 00:37:04,920
Speaker 4: cannot remove these people within ninety days. What you're also seeing,

668
00:37:05,000 --> 00:37:09,160
Speaker 4: you're seeing a mix of misinformation and you're seeing disinformation.

669
00:37:09,560 --> 00:37:12,719
Speaker 4: And just to remind both your viewers and your listeners,

670
00:37:13,040 --> 00:37:16,320
Speaker 4: misinformations when people speak out of turn, they say something

671
00:37:16,320 --> 00:37:21,160
Speaker 4: that isn't entirely accurate. Sometimes it's a mistake. Disinformation is

672
00:37:21,200 --> 00:37:25,960
Speaker 4: the intentional spreading of bad information target to certain groups.

673
00:37:26,320 --> 00:37:28,920
Speaker 4: One thing that we know within the United States is

674
00:37:28,960 --> 00:37:32,399
Speaker 4: our civic education is lacking. So a lot of people

675
00:37:32,480 --> 00:37:35,960
Speaker 4: don't understand how the process of voting, the mechanics of

676
00:37:36,040 --> 00:37:40,080
Speaker 4: voting works in this country. So unfortunately, there are bad

677
00:37:40,160 --> 00:37:43,960
Speaker 4: actors from within our country and bad actors from outside

678
00:37:44,000 --> 00:37:47,560
Speaker 4: of our country who are spreading bad information about our

679
00:37:47,600 --> 00:37:48,680
Speaker 4: election processes.

680
00:37:49,640 --> 00:37:52,520
Speaker 2: Well, I'm glad you made that delineation, Rebecca, because this

681
00:37:53,280 --> 00:37:57,000
Speaker 2: Russian of fake video is getting a lot of attention

682
00:37:57,120 --> 00:37:59,680
Speaker 2: here and it should be intelligence officialcy it was, in

683
00:37:59,760 --> 00:38:05,680
Speaker 2: fact Russian operatives behind this video purportedly showing someone tearing

684
00:38:05,760 --> 00:38:10,080
Speaker 2: up ballots in Pennsylvania. The Office of the Director of

685
00:38:10,200 --> 00:38:13,440
Speaker 2: National Intelligence issued a statement about this Friday night. The

686
00:38:13,480 --> 00:38:16,640
Speaker 2: Russian activity is part of moscow's broader effort to raise

687
00:38:16,760 --> 00:38:20,080
Speaker 2: unfounded questions about the integrity of the US election and

688
00:38:20,239 --> 00:38:25,640
Speaker 2: stoke divisions among Americans. This one got called out. How

689
00:38:25,640 --> 00:38:29,040
Speaker 2: many are getting through and are actually impacting voters'.

690
00:38:28,680 --> 00:38:33,000
Speaker 4: Minds, you know. And what's really unfortunate is we also

691
00:38:33,120 --> 00:38:36,200
Speaker 4: have some elected officials, We have some of our leaders

692
00:38:36,239 --> 00:38:41,400
Speaker 4: in Florida and Texas and Ohio that's feeding into disinformation.

693
00:38:41,880 --> 00:38:44,960
Speaker 4: We know there is lots of propaganda that has been

694
00:38:45,000 --> 00:38:48,920
Speaker 4: spread across social media. We know different groups have been targeted.

695
00:38:49,160 --> 00:38:51,719
Speaker 4: We know that there are certain things on Instagram that's

696
00:38:51,760 --> 00:38:55,680
Speaker 4: targeting African American or would be black voters in this country.

697
00:38:55,920 --> 00:38:58,120
Speaker 4: We know there are things that are targeting those who

698
00:38:58,120 --> 00:39:01,799
Speaker 4: are under thirty five, those who feel disaffected, those who

699
00:39:01,840 --> 00:39:05,120
Speaker 4: would are first time voters who are trying to navigate

700
00:39:05,239 --> 00:39:08,520
Speaker 4: our voting system. And what's unfortunate is when you have

701
00:39:08,680 --> 00:39:13,280
Speaker 4: elected officials who ought to know better, still saying things

702
00:39:13,360 --> 00:39:15,600
Speaker 4: to add to the confusion.

703
00:39:17,880 --> 00:39:20,880
Speaker 7: Well, so as we consider that with eight days to

704
00:39:20,920 --> 00:39:24,680
Speaker 7: go until election day and people wanting to go cast

705
00:39:24,719 --> 00:39:27,240
Speaker 7: their ballot, Rebecca, what are you going to be watching

706
00:39:27,280 --> 00:39:31,000
Speaker 7: for on election day? What perhaps frightens you about what

707
00:39:31,120 --> 00:39:36,359
Speaker 7: could take place at polling centers with electoral officials if

708
00:39:36,400 --> 00:39:37,200
Speaker 7: things go south.

709
00:39:39,120 --> 00:39:43,760
Speaker 4: So this is what we do know. Every presidential cycle,

710
00:39:43,960 --> 00:39:47,440
Speaker 4: we have free and fair and safe elections. We have

711
00:39:47,560 --> 00:39:50,960
Speaker 4: good election security in this country. I don't expect twenty

712
00:39:51,000 --> 00:39:54,480
Speaker 4: twenty four to be any different. As you mentioned at

713
00:39:54,480 --> 00:39:57,520
Speaker 4: the top of the segment, almost a third of those

714
00:39:57,600 --> 00:40:01,040
Speaker 4: who are likely to vote on a or by November

715
00:40:01,040 --> 00:40:04,520
Speaker 4: fifth have already voted. So we know that people understand

716
00:40:04,560 --> 00:40:07,640
Speaker 4: that they have either voted early in person, they have

717
00:40:07,719 --> 00:40:11,080
Speaker 4: voted by mail, they have voted by requesting appsentee ballot,

718
00:40:11,200 --> 00:40:14,200
Speaker 4: and it was a safe process. It was a secure process.

719
00:40:14,360 --> 00:40:17,440
Speaker 4: So I don't expect election day to be any different.

720
00:40:17,719 --> 00:40:22,600
Speaker 4: We're hearing from more than over five thousand local and

721
00:40:23,280 --> 00:40:28,160
Speaker 4: state and national election officials, and we're hearing that they're

722
00:40:28,200 --> 00:40:31,640
Speaker 4: ready to go, that they're excited, that people are showing

723
00:40:31,760 --> 00:40:34,759
Speaker 4: up and that the process has been relatively smooth so far,

724
00:40:35,000 --> 00:40:37,879
Speaker 4: so I don't expect that to be any different on

725
00:40:38,040 --> 00:40:38,799
Speaker 4: November fifth.

726
00:40:40,280 --> 00:40:42,080
Speaker 2: A lot of people don't expect to be any different

727
00:40:42,080 --> 00:40:44,720
Speaker 2: than what we saw in twenty twenty, and Donald Trump

728
00:40:45,640 --> 00:40:48,239
Speaker 2: could well claim victory at nine point thirty or ten

729
00:40:48,280 --> 00:40:51,319
Speaker 2: o'clock at night, knowing that many early ballots will have

730
00:40:51,640 --> 00:40:54,840
Speaker 2: yet to be counted. When you consider, again, as Kaylee

731
00:40:54,840 --> 00:40:57,000
Speaker 2: pointed to you, to that evening, what is your message

732
00:40:57,000 --> 00:41:00,760
Speaker 2: to our viewers and listeners on how long they should

733
00:41:00,760 --> 00:41:01,600
Speaker 2: be prepared to wait.

734
00:41:03,360 --> 00:41:05,520
Speaker 4: So it depends on the state. But I would tell

735
00:41:05,560 --> 00:41:08,080
Speaker 4: you this, and you're hearing it from me. I think

736
00:41:08,120 --> 00:41:12,600
Speaker 4: we will know in general, we will know on election

737
00:41:12,760 --> 00:41:16,240
Speaker 4: night what's going on. Just because some states it takes

738
00:41:16,640 --> 00:41:20,319
Speaker 4: several days for the election results to be certified, it

739
00:41:20,400 --> 00:41:24,080
Speaker 4: doesn't mean that we still won't hear as the votes

740
00:41:24,080 --> 00:41:27,520
Speaker 4: are being counted, As those totals are being announced on

741
00:41:27,560 --> 00:41:31,319
Speaker 4: your local news. It's gonna be business as usual. So

742
00:41:31,520 --> 00:41:33,120
Speaker 4: you know, a lot of people are gonna have their

743
00:41:33,120 --> 00:41:35,759
Speaker 4: eyes in Michigan. They're gonna have their eyes in Pennsylvania,

744
00:41:35,760 --> 00:41:39,920
Speaker 4: They're gonna have their eye on North Carolina, possibly Florida, Arizona,

745
00:41:39,960 --> 00:41:42,640
Speaker 4: and Nevada. But one thing I would tell the American

746
00:41:42,680 --> 00:41:48,400
Speaker 4: people is familiarize yourself with the process. Understand that. Understand

747
00:41:48,440 --> 00:41:52,440
Speaker 4: the order of which votes are being counted in some jurisdictions.

748
00:41:52,440 --> 00:41:55,440
Speaker 4: In some states, those who early voted, those are the

749
00:41:55,480 --> 00:41:58,760
Speaker 4: first numbers that you'll see at eight pm or nine pm,

750
00:41:58,840 --> 00:42:04,840
Speaker 4: whatever time that you're your states election, your state's polling

751
00:42:04,880 --> 00:42:09,000
Speaker 4: locations close this, and then from there they'll throw out

752
00:42:09,000 --> 00:42:11,560
Speaker 4: the next numbers, which might be from the time that

753
00:42:11,640 --> 00:42:14,280
Speaker 4: the polls open first thing in the morning until noon,

754
00:42:14,600 --> 00:42:17,960
Speaker 4: and then from noon until five, and then the post

755
00:42:18,440 --> 00:42:21,320
Speaker 4: work rush hour of people rushing in to go vote.

756
00:42:21,400 --> 00:42:24,760
Speaker 4: So understand the order in which votes are being counted,

757
00:42:25,040 --> 00:42:27,360
Speaker 4: because one thing that we also saw in twenty twenty

758
00:42:27,440 --> 00:42:30,440
Speaker 4: is that there was lots of misinformation saying why are

759
00:42:30,480 --> 00:42:34,040
Speaker 4: the numbers changing? Well, duh, the numbers are changing because

760
00:42:34,040 --> 00:42:36,960
Speaker 4: they're counting in real time. So I don't expect that

761
00:42:37,040 --> 00:42:38,719
Speaker 4: to be any different this year.

762
00:42:40,320 --> 00:42:43,279
Speaker 2: Rebecca Carruthers, Rebecca, great to have you back with the

763
00:42:43,280 --> 00:42:46,719
Speaker 2: Fair Election Center. Thank you for the insights. Today on

764
00:42:46,760 --> 00:42:49,680
Speaker 2: Bloomberg TV and Radio. This is Balance of Power, the

765
00:42:49,719 --> 00:42:53,480
Speaker 2: fastest show in politics. As we approach Bloomberg Business Week

766
00:42:53,480 --> 00:42:55,160
Speaker 2: coming up about ten minutes from now, we want to

767
00:42:55,160 --> 00:42:57,600
Speaker 2: point to you to an important story that hit the

768
00:42:57,680 --> 00:43:00,160
Speaker 2: Terminal earlier today. And with all the noise around on

769
00:43:00,160 --> 00:43:02,080
Speaker 2: the selection and the wild weekend that we had on

770
00:43:02,120 --> 00:43:04,920
Speaker 2: the campaign trail, it's something that you might not otherwise

771
00:43:04,960 --> 00:43:08,400
Speaker 2: hear about, but the Pentagon is evolving, and it's evolving

772
00:43:08,560 --> 00:43:12,000
Speaker 2: in the way it procures and develops new weapons systems,

773
00:43:12,000 --> 00:43:14,520
Speaker 2: which we talk a lot about here on Bloomberg TV

774
00:43:14,600 --> 00:43:18,840
Speaker 2: and Radio. Bloomberg's Tyler Kendall has more on this story.

775
00:43:18,880 --> 00:43:20,719
Speaker 2: She's got the byline on the Terminal and with us

776
00:43:20,719 --> 00:43:23,400
Speaker 2: now at the table today, Tyler, welcome. You made tracks

777
00:43:23,400 --> 00:43:26,240
Speaker 2: across the Potomac to sit down with the chief Buyer,

778
00:43:26,280 --> 00:43:27,520
Speaker 2: if I can call him that, at the Army.

779
00:43:27,520 --> 00:43:29,480
Speaker 12: What'd you learn right exactly? So I was able to

780
00:43:29,480 --> 00:43:31,399
Speaker 12: go to the Pentagon. I sat down with the US

781
00:43:31,600 --> 00:43:35,160
Speaker 12: Army Chief of Staff, General Randy George. He's the highest

782
00:43:35,400 --> 00:43:37,800
Speaker 12: ranking military official in the Army and also a member

783
00:43:38,160 --> 00:43:40,399
Speaker 12: of the Joint Chiefs and this was his first ever

784
00:43:40,560 --> 00:43:42,960
Speaker 12: TV interview and he was keen to sit down with

785
00:43:43,040 --> 00:43:45,759
Speaker 12: us because he wanted to talk about this initiative he's

786
00:43:45,760 --> 00:43:49,600
Speaker 12: trying to champion. It's called Transforming in Contact and what

787
00:43:49,640 --> 00:43:52,360
Speaker 12: the program looks to do is flood these select brigades

788
00:43:52,400 --> 00:43:56,760
Speaker 12: with high tech weapons, technology and as fast as possible.

789
00:43:57,080 --> 00:43:59,480
Speaker 12: And why it might be interesting to our Bloomberg audience

790
00:43:59,520 --> 00:44:01,960
Speaker 12: is that he described it to me as a new

791
00:44:02,000 --> 00:44:04,719
Speaker 12: way for the Army to do business. For a sense

792
00:44:04,760 --> 00:44:06,759
Speaker 12: of what he means here, we have a cut for

793
00:44:06,840 --> 00:44:10,000
Speaker 12: you to listen to about what he's trying to implement

794
00:44:10,040 --> 00:44:10,760
Speaker 12: here at the Army.

795
00:44:11,920 --> 00:44:14,320
Speaker 13: There's a lot that we're trying to do right now,

796
00:44:14,480 --> 00:44:16,680
Speaker 13: and you know, probably the biggest thing is that we

797
00:44:16,719 --> 00:44:19,319
Speaker 13: realize that we're going to have to buy things in

798
00:44:19,360 --> 00:44:24,719
Speaker 13: the future in tranches and you know, smaller batches. Technology

799
00:44:24,800 --> 00:44:26,960
Speaker 13: is going to continue to change, so as long as

800
00:44:27,040 --> 00:44:31,520
Speaker 13: we're buying things that are modular, open system architecture, we

801
00:44:31,600 --> 00:44:34,279
Speaker 13: can continue to update in our formations. And that's what

802
00:44:34,320 --> 00:44:35,279
Speaker 13: we need to be able to do.

803
00:44:38,120 --> 00:44:40,959
Speaker 12: Right So you hear him here talking about buying things

804
00:44:41,000 --> 00:44:43,880
Speaker 12: in smaller batches instead of having the Army get locked

805
00:44:43,880 --> 00:44:46,319
Speaker 12: into these long term purchase orders that by the time

806
00:44:46,320 --> 00:44:49,480
Speaker 12: they're fulfilled, the Army might have outdated equipment. He kept

807
00:44:49,520 --> 00:44:52,920
Speaker 12: saying to me that the Army can no longer buy obsolescence,

808
00:44:53,000 --> 00:44:55,839
Speaker 12: particularly when it comes to this technology. Now, this would

809
00:44:55,880 --> 00:44:58,840
Speaker 12: be a much faster timeline than what the Army is

810
00:44:58,960 --> 00:45:01,279
Speaker 12: used to doing. A recent Army report came out and

811
00:45:01,320 --> 00:45:04,040
Speaker 12: said that on average, it takes at least two years

812
00:45:04,080 --> 00:45:07,440
Speaker 12: for something to go through its approval, funding, regulation process

813
00:45:07,680 --> 00:45:08,879
Speaker 12: just to get equipment out the door.

814
00:45:09,000 --> 00:45:11,000
Speaker 7: Okay, so this is what the Army wants, but it

815
00:45:11,000 --> 00:45:12,920
Speaker 7: has to buy this stuff from somewhere. So what are

816
00:45:12,920 --> 00:45:16,680
Speaker 7: the people actually making this technology have to say about this?

817
00:45:16,920 --> 00:45:20,200
Speaker 12: Right exactly? So this idea of competition for these kind

818
00:45:20,239 --> 00:45:23,560
Speaker 12: of more non traditional companies keeps coming up. So he's

819
00:45:23,600 --> 00:45:27,840
Speaker 12: really focused on cutting edge technology, think drones, electronic warfare,

820
00:45:28,120 --> 00:45:30,719
Speaker 12: which hasn't really had the easiest time breaking into the

821
00:45:30,719 --> 00:45:33,680
Speaker 12: defense industrial base. The defense industrial base has actually shrunk

822
00:45:33,800 --> 00:45:36,880
Speaker 12: by about forty percent in the last decade because some

823
00:45:36,920 --> 00:45:39,960
Speaker 12: of the biggest defense primes have continued to consolidate. So

824
00:45:40,000 --> 00:45:42,200
Speaker 12: part of this is that General George wants to invite

825
00:45:42,239 --> 00:45:45,440
Speaker 12: in more smaller, non traditional companies so they can compete.

826
00:45:45,640 --> 00:45:47,919
Speaker 12: The other part of this is that he's actually letting

827
00:45:47,960 --> 00:45:51,360
Speaker 12: those private sector engineers into the brigades to test this

828
00:45:51,440 --> 00:45:56,880
Speaker 12: equipment alongside those soldiers names like Palenteer, SpaceX also andrel.

829
00:45:56,920 --> 00:45:58,640
Speaker 12: I had the chance to catch up with their chief

830
00:45:58,680 --> 00:46:01,640
Speaker 12: strategy officer who told me that that part of this initiative,

831
00:46:01,960 --> 00:46:04,319
Speaker 12: allowing them to go in and then actually provide this

832
00:46:04,440 --> 00:46:07,800
Speaker 12: real time feedback so then they can update those purchase orders,

833
00:46:07,880 --> 00:46:10,319
Speaker 12: has really helped them out, not only to secure those

834
00:46:10,360 --> 00:46:14,320
Speaker 12: purchases but also to advance their equipment. They're billing it

835
00:46:14,360 --> 00:46:15,800
Speaker 12: as good for both both.

836
00:46:15,560 --> 00:46:18,040
Speaker 2: Parts here, really interesting story. We've only got about a

837
00:46:18,040 --> 00:46:20,080
Speaker 2: minute left, Tyler. Do have we heard from the big

838
00:46:20,080 --> 00:46:23,799
Speaker 2: defense contractors, the Northrops, Boeings, Lockheeds of the world on

839
00:46:23,840 --> 00:46:25,000
Speaker 2: this Is this good for them or not?

840
00:46:25,280 --> 00:46:25,440
Speaker 6: Right?

841
00:46:25,480 --> 00:46:28,719
Speaker 12: So, this initiative is primarily geared towards the more high

842
00:46:28,760 --> 00:46:30,960
Speaker 12: tech companies. But I will say that I heard this

843
00:46:31,120 --> 00:46:34,880
Speaker 12: described as this culture change, and I asked the General

844
00:46:34,920 --> 00:46:37,560
Speaker 12: about it, because I spoke to many national security experts

845
00:46:37,560 --> 00:46:39,560
Speaker 12: going into this story, who said that he has his

846
00:46:39,640 --> 00:46:42,279
Speaker 12: work cut out for him, right, because the Pentagon is

847
00:46:42,320 --> 00:46:44,919
Speaker 12: not used to doing business this way. But he says

848
00:46:44,920 --> 00:46:47,160
Speaker 12: that he's trying to get everybody on board, whether that

849
00:46:47,280 --> 00:46:49,920
Speaker 12: is those big defense primes and opportunities for them to

850
00:46:49,960 --> 00:46:53,879
Speaker 12: contribute to this initiative in the future, or Congress, which

851
00:46:53,920 --> 00:46:57,000
Speaker 12: also has oversight over how this program is working. I

852
00:46:57,040 --> 00:46:58,759
Speaker 12: can't tell you that so far the Army has worked

853
00:46:58,760 --> 00:47:00,840
Speaker 12: with about two dozen of these companies as part of

854
00:47:00,880 --> 00:47:04,120
Speaker 12: this program, but it's more of these non traditional tech

855
00:47:04,160 --> 00:47:05,440
Speaker 12: companies that we're seeing, all.

856
00:47:05,440 --> 00:47:07,920
Speaker 7: Right, Bloomberg, Tyler Kendall, great reporting. Thank you so much,

857
00:47:07,920 --> 00:47:10,040
Speaker 7: and of course you can find Tyler's story on the

858
00:47:10,160 --> 00:47:12,040
Speaker 7: terminal and online.

859
00:47:14,080 --> 00:47:17,279
Speaker 2: Thanks for listening to the Balance of Power podcast. Make

860
00:47:17,280 --> 00:47:20,239
Speaker 2: sure to subscribe if you haven't already, at Apple, Spotify,

861
00:47:20,360 --> 00:47:22,919
Speaker 2: or wherever you get your podcasts, and you can find

862
00:47:23,000 --> 00:47:26,240
Speaker 2: us live every weekday from Washington, DC at noontime Eastern

863
00:47:26,520 --> 00:47:27,920
Speaker 2: at Bloomberg dot com.