1 00:00:01,520 --> 00:00:04,240 Speaker 1: Why from our nation's capital, this budget thing is going 2 00:00:04,280 --> 00:00:06,720 Speaker 1: to do nothing Space Force. I still think it's interesting 3 00:00:06,760 --> 00:00:10,080 Speaker 1: President Trump not playing his cards yet headlines policy and 4 00:00:10,240 --> 00:00:15,600 Speaker 1: politics colliding sound on with Kevin's Really the insiders, the influencers, 5 00:00:15,760 --> 00:00:18,600 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:18,600 --> 00:00:21,560 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:21,600 --> 00:00:23,880 Speaker 1: lot different than it looked in. You really have a 8 00:00:23,920 --> 00:00:27,200 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:27,240 --> 00:00:28,800 Speaker 1: what people send him here to do, which is to 10 00:00:28,840 --> 00:00:32,400 Speaker 1: get it done. He's sound on with Kevin's her really 11 00:00:32,720 --> 00:00:36,680 Speaker 1: on Bloomberg one and one seven F M h D 12 00:00:36,760 --> 00:00:41,440 Speaker 1: two Baltimore Mueller Eve Happy Mueller Eve. Special counsel Bob 13 00:00:41,560 --> 00:00:47,840 Speaker 1: Mueller set to testify before Congress tomorrow publicly to two 14 00:00:47,920 --> 00:00:50,760 Speaker 1: rounds of hearings, two hour hearings. I'm gonna bring you 15 00:00:50,800 --> 00:00:53,520 Speaker 1: the latest, what if anything is going to come from 16 00:00:53,560 --> 00:00:58,600 Speaker 1: Bob Mueller's testimony on Capitol Hill plus fall out after 17 00:00:58,760 --> 00:01:02,560 Speaker 1: the President agree to the dead ceiling deal. We will 18 00:01:02,640 --> 00:01:05,520 Speaker 1: dive into the policy specifics and get this. There was 19 00:01:05,560 --> 00:01:08,840 Speaker 1: a major hearing today in the Senate Banking Committee. The 20 00:01:08,880 --> 00:01:14,560 Speaker 1: Senate Banking Committees meeting on cannabis challenges. Just adjourned and 21 00:01:14,680 --> 00:01:17,440 Speaker 1: we are going to talk with one of the experts 22 00:01:17,480 --> 00:01:21,920 Speaker 1: in the field, CBD oil, cannabis, legalization, all of it. 23 00:01:21,959 --> 00:01:25,080 Speaker 1: We're gonna break down the policy, the politics, and don't 24 00:01:25,120 --> 00:01:28,920 Speaker 1: forget about trade policy. US China trade talks also heating 25 00:01:29,000 --> 00:01:32,240 Speaker 1: up their The US team of negotiators heading to China 26 00:01:32,440 --> 00:01:35,760 Speaker 1: on Monday for face to face trade talks. We've got 27 00:01:35,800 --> 00:01:39,360 Speaker 1: an all star panel. Thrilled to have Capri Cafaro back 28 00:01:39,400 --> 00:01:43,240 Speaker 1: on the program. She's an executive in residence at American University. 29 00:01:43,280 --> 00:01:47,840 Speaker 1: Former Democratic minority leader in the Ohio Senate Tyler Deeton 30 00:01:48,000 --> 00:01:51,680 Speaker 1: is here. He's a Republican strategist and fundraiser. He's the 31 00:01:51,720 --> 00:01:56,280 Speaker 1: president of Allegiance Strategies. And Brady Cobb calls in. He's 32 00:01:56,320 --> 00:01:59,560 Speaker 1: that CEO and director of one of those cannabis firms. 33 00:02:00,000 --> 00:02:03,960 Speaker 1: Taking down all of the policy behind Today's Senate Banking hearing, 34 00:02:04,080 --> 00:02:07,560 Speaker 1: jam packed, our jam packed topics. Nancy, what's going on 35 00:02:07,600 --> 00:02:11,120 Speaker 1: in the headlines, Well, Kevin, as you mentioned, the anticipation 36 00:02:11,240 --> 00:02:15,200 Speaker 1: is building for tomorrow's House testimony by former Special Counsel 37 00:02:15,280 --> 00:02:18,880 Speaker 1: Robert Mueller. He will be discussing his investigation into President 38 00:02:18,919 --> 00:02:23,000 Speaker 1: Trump in the election. He'll have his associate, Aaron Zeble 39 00:02:23,120 --> 00:02:27,000 Speaker 1: Dias side. Zeble served as Mueller's chief of staff when 40 00:02:27,000 --> 00:02:29,840 Speaker 1: he was FBI director and also helped with the Trump probe. 41 00:02:30,240 --> 00:02:34,000 Speaker 1: Congressman Adam Scheff, the Democrat who chairs the House Intelligence Committee, 42 00:02:34,040 --> 00:02:36,480 Speaker 1: spoke today about what he hopes the outcome of the 43 00:02:36,560 --> 00:02:39,639 Speaker 1: questioning will be. I hope that where we are at 44 00:02:39,639 --> 00:02:44,280 Speaker 1: this time tomorrow is um with a better public understanding 45 00:02:45,680 --> 00:02:50,320 Speaker 1: of the gravity of what the Russians did, the systemic 46 00:02:50,400 --> 00:02:54,520 Speaker 1: nature of what the Russians did, and the gravity of 47 00:02:54,560 --> 00:02:58,040 Speaker 1: what the Trump campaign did, and what our own president did, 48 00:02:58,360 --> 00:03:03,320 Speaker 1: how unethical it was, how on patriotic it was. Senate 49 00:03:03,360 --> 00:03:07,200 Speaker 1: Majority Leader Mitch McConnell says he will not be watching tomorrow. 50 00:03:07,600 --> 00:03:09,320 Speaker 1: Arks have got a pretty full picture of it. I 51 00:03:09,360 --> 00:03:12,800 Speaker 1: believe the Model report came out sometime back. Uh No, 52 00:03:12,919 --> 00:03:16,000 Speaker 1: I don't don't be watching him. President Trump is now 53 00:03:16,160 --> 00:03:19,640 Speaker 1: suing to block the Democrat led US House Ways and 54 00:03:19,720 --> 00:03:23,240 Speaker 1: Means Committee from obtaining his tax records from New York State. 55 00:03:23,680 --> 00:03:26,280 Speaker 1: This is the latest attempt to keep his personal financial 56 00:03:26,280 --> 00:03:29,360 Speaker 1: information out of public view. In the lawsuit that was 57 00:03:29,400 --> 00:03:32,840 Speaker 1: filed today in Washington Federal Court. Trump is attempting to 58 00:03:32,880 --> 00:03:36,320 Speaker 1: fend off Committee Chairman Richard Neil's potential request for the 59 00:03:36,360 --> 00:03:40,120 Speaker 1: documents under New York's New Trust Act that compels the 60 00:03:40,160 --> 00:03:45,160 Speaker 1: state's tax department to comply with the House Committee's records requests. Well, 61 00:03:45,200 --> 00:03:48,080 Speaker 1: the Senate has given final passage to extending the nine 62 00:03:48,120 --> 00:03:52,520 Speaker 1: eleven Victim Compensation Fund. The yser, the nays or to 63 00:03:53,080 --> 00:03:58,040 Speaker 1: the bill, is passed. Republicans Mike Lee and Ran Paul 64 00:03:58,080 --> 00:04:00,920 Speaker 1: were the two voting against. The bill, provid it's compensation 65 00:04:00,960 --> 00:04:03,960 Speaker 1: to first responders who suffered health issues after working at 66 00:04:04,040 --> 00:04:06,760 Speaker 1: Ground Zero. It passed the House earlier this month and 67 00:04:06,800 --> 00:04:10,280 Speaker 1: will now head to the President's desk. Lawmakers and Democratic 68 00:04:10,320 --> 00:04:13,200 Speaker 1: presidential contenders are on the picket line this afternoon. O 69 00:04:13,240 --> 00:04:17,159 Speaker 1: Reagan National Airport and Support of Airline food workers. Kamala 70 00:04:17,200 --> 00:04:20,360 Speaker 1: Harris tweeted that while the US airline industry is booming, 71 00:04:20,440 --> 00:04:24,960 Speaker 1: airline catering workers are living with poverty wages and expensive healthcare. 72 00:04:25,320 --> 00:04:29,040 Speaker 1: The protest is being organized by Unite here, which represents 73 00:04:29,080 --> 00:04:31,920 Speaker 1: the airline workers. The group says nationally, the majority of 74 00:04:31,960 --> 00:04:35,440 Speaker 1: the food workers serving airlines still learn less than fifteen 75 00:04:35,440 --> 00:04:38,440 Speaker 1: dollars an hour, including some with thirty, forty, and even 76 00:04:38,520 --> 00:04:41,800 Speaker 1: fifty years of service. Also on the picket line Senators 77 00:04:41,800 --> 00:04:45,480 Speaker 1: Bernie Sanders and Elizabeth Warren, as well as Congresswomen Rashida 78 00:04:45,520 --> 00:04:49,599 Speaker 1: Talib and Iona Pressley. Well, it is time now for 79 00:04:49,640 --> 00:04:54,200 Speaker 1: the Beltway Business Report. Here is Bloomberg's Larry Kovsky. Well, 80 00:04:54,279 --> 00:04:56,800 Speaker 1: Nancy hopes for a thaw on US trying to trade 81 00:04:56,839 --> 00:05:00,920 Speaker 1: relations boosted stocks. The SMP five hundred back above the 82 00:05:00,920 --> 00:05:04,320 Speaker 1: three thousand level. That Al Jones industrial average gained one 83 00:05:04,400 --> 00:05:07,599 Speaker 1: hundred seventy seven. The S and P five hundred added 84 00:05:07,640 --> 00:05:11,880 Speaker 1: twenty then as that composite rose forty seven. Texas Instruments 85 00:05:11,920 --> 00:05:13,880 Speaker 1: is up five and a half percent after the bell. 86 00:05:14,040 --> 00:05:16,680 Speaker 1: It's late as sales outlook to fight US trying to 87 00:05:16,720 --> 00:05:19,880 Speaker 1: trade concerns, signaling hope that a slump and orders for 88 00:05:19,920 --> 00:05:23,719 Speaker 1: electronic components may soon end. Earnings and sales for the 89 00:05:23,760 --> 00:05:27,640 Speaker 1: second quarter beat estimates. Chipotle Mexican Grill is up about 90 00:05:27,640 --> 00:05:30,400 Speaker 1: three and a half percent after hours. Its second quarters 91 00:05:30,480 --> 00:05:33,880 Speaker 1: same store sales beat estimates, climbing ten percent from a 92 00:05:33,960 --> 00:05:38,159 Speaker 1: year ago. It shows that the chain's investment in digital ordering, delivery, 93 00:05:38,200 --> 00:05:42,400 Speaker 1: and advertising is paying off. Visa's results are a mixed bag. 94 00:05:42,480 --> 00:05:46,120 Speaker 1: Total spending on Visa branded cards fell short of expectations. 95 00:05:46,400 --> 00:05:51,200 Speaker 1: Growth in spending overseas beat analysts forecasts. Visa little changed 96 00:05:51,240 --> 00:05:55,239 Speaker 1: in late trading. The Bloomberg Washington d C Area stock 97 00:05:55,320 --> 00:05:58,560 Speaker 1: Index climbed eight tenths of one percent Europe to date. 98 00:05:58,600 --> 00:06:01,800 Speaker 1: On business from the belt Way to Baltimore. I'm Larry Kowsky. 99 00:06:01,920 --> 00:06:05,240 Speaker 1: This is Bloomberg and one oh five point seven f 100 00:06:05,360 --> 00:06:08,760 Speaker 1: fm H two. Thanks Larry. Global News twenty four hours 101 00:06:08,760 --> 00:06:12,120 Speaker 1: a day on air and a TikTok on Twitter, powered 102 00:06:12,120 --> 00:06:14,880 Speaker 1: by more than journalist and analyst and more than a 103 00:06:15,080 --> 00:06:18,320 Speaker 1: d twenty countries. I'm Nancy Lions back to you, Kevin, 104 00:06:18,520 --> 00:06:22,520 Speaker 1: Thank you, Nancy. It is Mueller Eve Folks, Mueller Eve 105 00:06:22,680 --> 00:06:28,520 Speaker 1: Special Counsel, Bob Mueller. He is going to return tomorrow. 106 00:06:28,600 --> 00:06:31,200 Speaker 1: It's a Capitol hill. It's a Capitol hill where he 107 00:06:31,279 --> 00:06:34,400 Speaker 1: is going to be giving his first I believe, the 108 00:06:34,440 --> 00:06:38,440 Speaker 1: first time he's speaking out publicly before members of Congress, 109 00:06:38,440 --> 00:06:42,120 Speaker 1: testifying under oath. And he's going to be grilled. But 110 00:06:42,240 --> 00:06:44,680 Speaker 1: will he say much. He's a seasoned professional. I think 111 00:06:44,720 --> 00:06:47,120 Speaker 1: he knows a thing or two about how to navigate 112 00:06:47,200 --> 00:06:50,040 Speaker 1: Capitol Hill. Is it all much ado about nothing? Or 113 00:06:50,520 --> 00:06:53,640 Speaker 1: is it just the tip of the iceberg. I'm gonna 114 00:06:53,640 --> 00:06:56,920 Speaker 1: put those questions to an all star panel. Tyler Dieton's here. 115 00:06:56,920 --> 00:07:01,520 Speaker 1: He's a Republican strategist and Fundraiserer Big president of Allegiance 116 00:07:01,560 --> 00:07:04,960 Speaker 1: Strategies and Kaprika far O, friend of the program executive 117 00:07:04,960 --> 00:07:08,560 Speaker 1: and residents at American University, former Democratic minority leader in 118 00:07:08,600 --> 00:07:15,000 Speaker 1: the Ohio Senate. Alright, he was going to get because 119 00:07:15,360 --> 00:07:19,120 Speaker 1: because we got a lot of ease into the show. 120 00:07:19,640 --> 00:07:21,240 Speaker 1: I'm trying to be a good host. I'm trying to 121 00:07:21,280 --> 00:07:24,960 Speaker 1: always thank you. I appreciate that you are on the record. So, 122 00:07:25,720 --> 00:07:27,520 Speaker 1: Bob Muller tomorrow, what are you looking for? I mean, 123 00:07:27,560 --> 00:07:29,560 Speaker 1: is he really gonna say much? Haven't we seen this 124 00:07:29,640 --> 00:07:33,000 Speaker 1: show before? We well, we have, but it's been the 125 00:07:33,080 --> 00:07:36,600 Speaker 1: silent movie version of this show. And so we've heard 126 00:07:36,600 --> 00:07:39,720 Speaker 1: members of Congress say that they really want Muller to 127 00:07:39,960 --> 00:07:43,320 Speaker 1: you know, read you know from his testimony and bring 128 00:07:43,360 --> 00:07:45,000 Speaker 1: it alive and these sort of things. But I think 129 00:07:45,000 --> 00:07:48,400 Speaker 1: what what what Democrats really want is for Bob Muller 130 00:07:48,520 --> 00:07:51,440 Speaker 1: to answer the question on the record, would you have 131 00:07:51,600 --> 00:07:54,560 Speaker 1: charged President Trump? With the crime if he were not 132 00:07:54,720 --> 00:07:57,280 Speaker 1: president of the United States. That's what they're going for. Now. 133 00:07:57,280 --> 00:08:00,120 Speaker 1: Are they going to get that answer? Probably not. I 134 00:08:00,160 --> 00:08:02,080 Speaker 1: think that, you know you, they will probably get a 135 00:08:02,120 --> 00:08:05,520 Speaker 1: more lawyally answer out of Bob Mueller about not speculating, 136 00:08:05,560 --> 00:08:07,640 Speaker 1: because that's not the fact pattern that he had in 137 00:08:07,640 --> 00:08:10,040 Speaker 1: front of him. Republicans are going to get tried to, 138 00:08:10,160 --> 00:08:13,440 Speaker 1: you know, question him on the origins of uh, the 139 00:08:13,480 --> 00:08:15,880 Speaker 1: investigation and all these other things we've heard about Carter 140 00:08:15,920 --> 00:08:18,000 Speaker 1: Page blah blah blah. So I think it's it is 141 00:08:18,000 --> 00:08:19,840 Speaker 1: gonna be much to do about nothing. And I'm glad 142 00:08:19,880 --> 00:08:22,240 Speaker 1: that I'm actually off tomorrow because I'd rather be getting 143 00:08:22,280 --> 00:08:25,000 Speaker 1: surgery on my No, I'm getting surgery on my ears, 144 00:08:25,000 --> 00:08:27,720 Speaker 1: and I'd rather be doing that than talk about Wow, well, 145 00:08:27,720 --> 00:08:31,200 Speaker 1: good luck with surgery. Um, but you're a political junkie 146 00:08:31,200 --> 00:08:34,200 Speaker 1: just like us, and something tells me that you will somehow. 147 00:08:34,679 --> 00:08:37,040 Speaker 1: You have eyes, may have eyes, and you have Twitter. 148 00:08:37,280 --> 00:08:39,360 Speaker 1: That's true, and that's true. President Trump, by the way, 149 00:08:39,400 --> 00:08:42,120 Speaker 1: says he's not going to be uh watching this, But 150 00:08:42,640 --> 00:08:46,480 Speaker 1: that is not true, Tyler, I mean Fox carrying it. 151 00:08:46,600 --> 00:08:52,000 Speaker 1: I think that that's what I said, and I was, well, 152 00:08:52,040 --> 00:08:55,959 Speaker 1: I listen work jam Pack Newsday throw and bregs it. 153 00:08:56,040 --> 00:08:58,240 Speaker 1: By the way, um, I want to stick with the 154 00:08:58,280 --> 00:09:01,439 Speaker 1: itinerary for Bob Muller tomorrow because he I hope he 155 00:09:01,480 --> 00:09:03,520 Speaker 1: gets to sleep tonight, because he's going to be grilled. 156 00:09:03,559 --> 00:09:07,560 Speaker 1: He's set to testify Wednesday for three hours, three hours 157 00:09:07,640 --> 00:09:11,760 Speaker 1: before the House Judiciary Committee that starts at eight thirty 158 00:09:11,840 --> 00:09:14,880 Speaker 1: am Eastern time, and then he gets like a quick 159 00:09:14,960 --> 00:09:18,360 Speaker 1: little lunch, prittle lunch break and goes for two hours 160 00:09:18,400 --> 00:09:22,680 Speaker 1: before the Intelligence Committee. He's gonna get them all. And 161 00:09:22,720 --> 00:09:24,920 Speaker 1: here's actually my favorite part of all of this is 162 00:09:25,040 --> 00:09:28,920 Speaker 1: all of the bloggers and pundits who are writing up 163 00:09:29,120 --> 00:09:31,080 Speaker 1: the story of Here's what I would ask if I 164 00:09:31,120 --> 00:09:34,680 Speaker 1: could ask Bob Mueller five minutes of questions. Here's what 165 00:09:34,720 --> 00:09:37,040 Speaker 1: I would write. Jim Comey did one of these. There's 166 00:09:37,040 --> 00:09:38,800 Speaker 1: a few of these that I saw today, and I 167 00:09:38,840 --> 00:09:40,400 Speaker 1: just love it because I think that they don't trust 168 00:09:40,520 --> 00:09:43,360 Speaker 1: the Democrats on the Committee UH to ask the right 169 00:09:43,440 --> 00:09:46,920 Speaker 1: questions and so the big tech hearings, and it's not 170 00:09:46,960 --> 00:09:50,040 Speaker 1: just Democrats who could use a refresher on I'm only 171 00:09:50,040 --> 00:09:52,360 Speaker 1: seeing these particular things from the left. But I wouldn't 172 00:09:52,360 --> 00:09:54,360 Speaker 1: be surprised if actually tomorrow we just see a few 173 00:09:54,360 --> 00:09:57,040 Speaker 1: of them. Take what Comy's written and say, Mr Mueller, 174 00:09:57,120 --> 00:09:59,400 Speaker 1: here are my questions for you. So look at those, 175 00:09:59,440 --> 00:10:01,199 Speaker 1: and I think to get a sense of what we're 176 00:10:01,200 --> 00:10:04,320 Speaker 1: also going to actually see, members just yield their time 177 00:10:04,400 --> 00:10:06,480 Speaker 1: to maybe one or two people to just ask all 178 00:10:06,520 --> 00:10:09,240 Speaker 1: the questions. I just I don't. I mean, you know, 179 00:10:09,240 --> 00:10:10,760 Speaker 1: who knows we're all gonna be watching, We're gonna be 180 00:10:10,760 --> 00:10:16,240 Speaker 1: following along. Adam Schiff. Adam Schiff was asked about this, Uh, 181 00:10:16,440 --> 00:10:20,000 Speaker 1: you know, the Democrat on the committee shift chairman of Intel, 182 00:10:20,120 --> 00:10:23,880 Speaker 1: Chairman of Intel. He stopped number two on Muller's towards 183 00:10:23,920 --> 00:10:27,160 Speaker 1: a force in the House of Representatives. Yeah, by the way, 184 00:10:27,160 --> 00:10:28,800 Speaker 1: I gotta get my sleep tonight because I mean, it's 185 00:10:28,800 --> 00:10:31,439 Speaker 1: gonna be like throwing elbows in these gaggles. But Adam 186 00:10:31,440 --> 00:10:33,079 Speaker 1: Schiff was asked about this. Take a listen to what 187 00:10:33,240 --> 00:10:35,800 Speaker 1: Adam Schiff had to say. We don't know what the 188 00:10:35,840 --> 00:10:40,320 Speaker 1: scope Muller's investigation was. We don't know whether the decisions 189 00:10:40,360 --> 00:10:46,080 Speaker 1: on scope were imposed on him by the acting Attorney 190 00:10:46,080 --> 00:10:49,400 Speaker 1: General or the Deputy Attorney General. All right, And I 191 00:10:49,440 --> 00:10:51,200 Speaker 1: don't know though, I mean we do know the scope 192 00:10:51,200 --> 00:10:53,719 Speaker 1: of the investigation. We all read the report, all of 193 00:10:53,800 --> 00:10:57,280 Speaker 1: us who are following this, So from a democratic strategy, 194 00:10:57,320 --> 00:11:00,920 Speaker 1: capri our Democrats going to try to make Mueller look 195 00:11:01,000 --> 00:11:04,319 Speaker 1: irrelevant or are they going to say that their questions 196 00:11:04,400 --> 00:11:07,800 Speaker 1: yielded new information which leads to calls for impeachment. I 197 00:11:07,840 --> 00:11:11,640 Speaker 1: think that they want to do the ladder, but I 198 00:11:11,720 --> 00:11:13,480 Speaker 1: don't know if it will be possible. I think that 199 00:11:13,520 --> 00:11:15,840 Speaker 1: it's only it's all and this is why it's a 200 00:11:15,920 --> 00:11:18,000 Speaker 1: huge gamble. I mean, that's what they want. I think 201 00:11:18,000 --> 00:11:20,920 Speaker 1: that they want to be able to somehow bootstrap their 202 00:11:20,920 --> 00:11:24,520 Speaker 1: way to say there's been new revelations that, you know, 203 00:11:24,720 --> 00:11:27,720 Speaker 1: make us be you know, have to follow the path 204 00:11:27,760 --> 00:11:31,440 Speaker 1: to impeachment. But when Robert Mueller again is more loyally 205 00:11:31,559 --> 00:11:33,000 Speaker 1: and it is not going to be giving yes or 206 00:11:33,040 --> 00:11:35,440 Speaker 1: no answers or says I'm just going to refer to 207 00:11:35,520 --> 00:11:39,360 Speaker 1: my testament to the report page in volume two or 208 00:11:39,400 --> 00:11:42,240 Speaker 1: whatever it is, they're gonna be stuck and that's gonna 209 00:11:42,280 --> 00:11:44,480 Speaker 1: be that's not going to be a great place. And 210 00:11:44,520 --> 00:11:47,400 Speaker 1: if they continue to beat this drum, people in places 211 00:11:47,400 --> 00:11:50,280 Speaker 1: like Ohio are already going that already have fatigue are 212 00:11:50,280 --> 00:11:53,679 Speaker 1: going to be even Bob Muller, by the way, uh 213 00:11:54,679 --> 00:11:59,120 Speaker 1: previously served as the sixth director of the FBI from 214 00:12:02,080 --> 00:12:06,640 Speaker 1: Princeton educated, NY. You served as a Marine Corps officer 215 00:12:06,640 --> 00:12:09,240 Speaker 1: in the Vietnam War. I mean, and that's the thing. 216 00:12:09,240 --> 00:12:12,080 Speaker 1: He's not like this. Yeah, first, I mean, he's going 217 00:12:12,160 --> 00:12:14,400 Speaker 1: to sleep like a baby tonight, and you know what 218 00:12:14,520 --> 00:12:17,400 Speaker 1: tomorrow Like, it's hard to imagine how tomorrow will be 219 00:12:17,440 --> 00:12:19,480 Speaker 1: anything other than a push. And I just have to say, 220 00:12:19,520 --> 00:12:22,080 Speaker 1: like if it's if it's a push, or even if 221 00:12:22,080 --> 00:12:25,760 Speaker 1: Republicans do well, then Trump is fine. Like it's there 222 00:12:25,960 --> 00:12:29,160 Speaker 1: is no scenario where they're going to get new information 223 00:12:29,200 --> 00:12:31,240 Speaker 1: out of Bob. You know, you know who agrees with you. 224 00:12:31,440 --> 00:12:34,920 Speaker 1: Tyler sent a Majority leader Mitch McConnell. Take a listen 225 00:12:34,920 --> 00:12:37,440 Speaker 1: to what he had to say about this. We've already 226 00:12:37,440 --> 00:12:39,800 Speaker 1: heard from you. You know. It seems to me, I 227 00:12:39,840 --> 00:12:41,600 Speaker 1: don't know how many times we want to see this 228 00:12:41,640 --> 00:12:46,360 Speaker 1: movie again, but I think the American people have moved 229 00:12:46,400 --> 00:12:49,320 Speaker 1: on past this. And Adam Shifts, chairman of the House 230 00:12:49,320 --> 00:12:51,920 Speaker 1: Intel Committee, disagrees. He says, we've got to follow the money. 231 00:12:51,960 --> 00:12:55,000 Speaker 1: Here's here's Congressman Shift. This is one of the reasons 232 00:12:55,040 --> 00:12:57,360 Speaker 1: why we placed the tire priority on following the money, 233 00:12:57,960 --> 00:13:00,679 Speaker 1: because if that wasn't done, at least wasn't done as 234 00:13:00,679 --> 00:13:03,920 Speaker 1: part of the criminal probe, then someone needs to look 235 00:13:04,000 --> 00:13:07,480 Speaker 1: at whether there is financial compromising. You know. I so, 236 00:13:07,600 --> 00:13:09,760 Speaker 1: I mean, this is where we're at, and and you know, 237 00:13:09,800 --> 00:13:12,719 Speaker 1: with respects to the Democrats, as we saw, as we 238 00:13:12,760 --> 00:13:17,880 Speaker 1: saw last week, Democrats are still calling for impeachment and 239 00:13:17,960 --> 00:13:20,640 Speaker 1: Nancy Pelosi, Speaker of the House, Nancy Pelosi has about 240 00:13:20,720 --> 00:13:24,120 Speaker 1: ninety or so within her caucus who want to see 241 00:13:24,160 --> 00:13:27,000 Speaker 1: those calls for impeachment. I wonder if Bob Mueller goes 242 00:13:27,040 --> 00:13:29,840 Speaker 1: to Martin's tavern tonight. Remember that just the other month 243 00:13:29,880 --> 00:13:33,040 Speaker 1: he went to Uh, he went to Billy Martin's town. 244 00:13:33,040 --> 00:13:37,560 Speaker 1: I love Martins. There's Fried Green Tomatoes Martin's tavern. Only 245 00:13:37,600 --> 00:13:39,880 Speaker 1: place in DC that hasn't that I found. Coming up, 246 00:13:39,960 --> 00:13:42,400 Speaker 1: Panel stays, we're also gonna check in. We're gonna get 247 00:13:42,440 --> 00:13:46,360 Speaker 1: Wonky on Weed. I'm Kevin Cirilli, Chief Washington correspondent from 248 00:13:46,360 --> 00:13:50,240 Speaker 1: Bloomberg Television and Bloomberg Radio. You can download the sound 249 00:13:50,360 --> 00:13:55,080 Speaker 1: on podcast on Apple iTunes by downloading the Bloomberg Business app, 250 00:13:55,280 --> 00:13:58,120 Speaker 1: or you can also find us on Radio dot Com, 251 00:13:58,200 --> 00:14:06,640 Speaker 1: I Heart Radio and Spotify. Your listening to Bloomberg. You're 252 00:14:06,679 --> 00:14:09,320 Speaker 1: listening to Sound On with Kevin Sirelli. I'm Amy Morris. 253 00:14:09,360 --> 00:14:12,760 Speaker 1: Tomorrow morning at five on Bloomberg Daybreak, Former Special Council 254 00:14:12,880 --> 00:14:15,840 Speaker 1: Robert Mueller will have five hours to testify before the 255 00:14:15,880 --> 00:14:20,000 Speaker 1: House Judiciary and Intelligence Committees. That's Bloomberg day Break tomorrow morning, 256 00:14:20,040 --> 00:14:25,080 Speaker 1: starting at five on Bloomberg. This is Sound On with 257 00:14:25,160 --> 00:14:29,160 Speaker 1: Kevin si Really on Bloomberg one and one oh five 258 00:14:29,160 --> 00:14:33,160 Speaker 1: point seven f m h D two Boltomore. I'm Kevin Cirelli, 259 00:14:33,240 --> 00:14:37,520 Speaker 1: Chief Washington correspondent for Bloomberg Television and Bloomberg Radio, and 260 00:14:37,560 --> 00:14:42,800 Speaker 1: we're following all things Mueller as Special Counsel Bob Mueller 261 00:14:42,920 --> 00:14:46,840 Speaker 1: gets set to testify. We're also following the Justice Department 262 00:14:46,840 --> 00:14:51,440 Speaker 1: headline crossing the Bloomberg terminal as we speak that the 263 00:14:51,680 --> 00:14:56,680 Speaker 1: Justice Department says that it's investigating whether technology giants are 264 00:14:56,760 --> 00:15:00,760 Speaker 1: harming competition. This is stepping up. It's scrutiny of the 265 00:15:00,800 --> 00:15:06,080 Speaker 1: industry's biggest, biggest companies. But there is another hearing on 266 00:15:06,200 --> 00:15:11,880 Speaker 1: Capitol Hill today, another hearing on on cannabis legislation, and 267 00:15:11,960 --> 00:15:14,440 Speaker 1: once we get we're having a little bit of trouble 268 00:15:14,480 --> 00:15:15,960 Speaker 1: getting him on the line, but once he calls in, 269 00:15:16,000 --> 00:15:17,640 Speaker 1: we will take you to him. He's the CEO of 270 00:15:18,480 --> 00:15:21,960 Speaker 1: one of these companies, Brady Cobb. When we get Brady 271 00:15:22,080 --> 00:15:25,160 Speaker 1: on the line, I will bring him to you. But 272 00:15:25,240 --> 00:15:28,840 Speaker 1: here with me in studio is Kaprika far Oh, a 273 00:15:28,960 --> 00:15:33,440 Speaker 1: friend of the program, an executive in residence at American University, 274 00:15:33,480 --> 00:15:37,200 Speaker 1: former Democratic Minority leader in the Ohio Senate. And Tyler Deaton. 275 00:15:37,240 --> 00:15:41,920 Speaker 1: He is a Republican strategist, fundraiser, president of Allegiance Strategies. 276 00:15:42,440 --> 00:15:44,720 Speaker 1: First time on the program. Tyler, thank you for being here. 277 00:15:45,400 --> 00:15:48,120 Speaker 1: And Capri I mean in the break, I mean not 278 00:15:48,160 --> 00:15:51,360 Speaker 1: to get to walk in and the weeds across the pond, 279 00:15:51,440 --> 00:15:55,000 Speaker 1: but big news for Boris Johnson vote of the Joel 280 00:15:55,280 --> 00:15:59,000 Speaker 1: Um lots of hair on both sides of the Atlantic. Now, um, 281 00:15:59,320 --> 00:16:01,360 Speaker 1: it's gonna be in interesting. I mean to see to 282 00:16:01,440 --> 00:16:03,920 Speaker 1: see what happens going forward with this and how it's 283 00:16:03,960 --> 00:16:05,920 Speaker 1: going to impact Brexit. I love the fact that he's 284 00:16:06,440 --> 00:16:08,640 Speaker 1: praising Theresa May on his way out that I'm sure 285 00:16:08,680 --> 00:16:11,560 Speaker 1: we can lament on that at some point in the show. 286 00:16:11,680 --> 00:16:14,120 Speaker 1: I just hope his first move is not to fire 287 00:16:15,000 --> 00:16:18,080 Speaker 1: the guy he'd just beat. Jeremy Hunt's really capable for 288 00:16:18,120 --> 00:16:20,760 Speaker 1: in Stane nine Kingdom, and I just think that the 289 00:16:20,800 --> 00:16:22,400 Speaker 1: best thing Bors could do, and this will be a 290 00:16:22,400 --> 00:16:24,360 Speaker 1: real signal of what his government's going to look like, 291 00:16:24,840 --> 00:16:26,800 Speaker 1: is if he keeps Jeremy Hunter, if he tries Why 292 00:16:26,840 --> 00:16:30,600 Speaker 1: should Americans Tyler care about Brexit? There it's our special relationship. 293 00:16:30,640 --> 00:16:32,600 Speaker 1: And I actually don't think that that's just what I 294 00:16:32,760 --> 00:16:35,040 Speaker 1: don't think. I watched The Crown. I watched The Crown 295 00:16:35,080 --> 00:16:37,920 Speaker 1: on Netflix. That's that's special. It's it's all about it's 296 00:16:37,960 --> 00:16:40,120 Speaker 1: to the heart of who we are as the as 297 00:16:40,160 --> 00:16:42,120 Speaker 1: the Western order. And I think does it affect the 298 00:16:42,160 --> 00:16:44,560 Speaker 1: bottom line? Yes? It does. I think that it does. 299 00:16:44,640 --> 00:16:47,200 Speaker 1: I mean their relationship with Europe. Does their relationship with 300 00:16:47,240 --> 00:16:51,840 Speaker 1: Europe affects the United States? Um? And depending on how 301 00:16:51,920 --> 00:16:54,480 Speaker 1: they deal with Brexit if they have a no deal Brexit, 302 00:16:54,920 --> 00:16:58,600 Speaker 1: if they actually have a deal, will impact their currency rates, 303 00:16:58,640 --> 00:17:00,680 Speaker 1: how the dollar goes against the sound and all the 304 00:17:00,680 --> 00:17:02,680 Speaker 1: rest of that. So right now is the time to 305 00:17:02,720 --> 00:17:05,159 Speaker 1: go to Britain because it's about one point two to 306 00:17:05,280 --> 00:17:07,440 Speaker 1: the dollar. Alright, Alright, we're gonna piv it. We're gonna 307 00:17:07,480 --> 00:17:10,440 Speaker 1: pat it back to weed. We're gonna pivot back to marijuana, 308 00:17:10,800 --> 00:17:13,919 Speaker 1: cannabis legislation. Don't you love how like lawmakers on Capitol 309 00:17:14,000 --> 00:17:16,359 Speaker 1: Hill they won't call it weed, They'll call it cannabis 310 00:17:16,400 --> 00:17:19,600 Speaker 1: because I guess that makes it sound more Um. I 311 00:17:19,600 --> 00:17:22,040 Speaker 1: don't know, but joining us on the line is a 312 00:17:22,200 --> 00:17:26,480 Speaker 1: CEO uh AS, a lawyer and CEO of s O 313 00:17:26,680 --> 00:17:29,119 Speaker 1: L Global who has been meeting with senators in the 314 00:17:29,160 --> 00:17:34,000 Speaker 1: last couple of weeks to discuss cannabis regulation reform. His 315 00:17:34,119 --> 00:17:38,119 Speaker 1: name is Brady Cobb. Brady, you were following the Senate 316 00:17:38,160 --> 00:17:42,880 Speaker 1: Banking Committees hearing today from AFAR, but you were following this, 317 00:17:43,600 --> 00:17:46,199 Speaker 1: What did you make of how lawmakers up on Capitol 318 00:17:46,280 --> 00:17:50,720 Speaker 1: Hill are talking about cannabis regulation? You know, the fact 319 00:17:50,720 --> 00:17:53,679 Speaker 1: that that we're actually talking about banking legislation pertaining the 320 00:17:53,720 --> 00:17:55,840 Speaker 1: cannabis as a big moment, given what we've all been 321 00:17:55,880 --> 00:17:58,240 Speaker 1: through over the last in the space over the last 322 00:17:58,280 --> 00:18:00,359 Speaker 1: you know, two and a half three years, fighting for 323 00:18:00,840 --> 00:18:04,480 Speaker 1: the ability to even have a hearing, I think the 324 00:18:04,600 --> 00:18:07,359 Speaker 1: real the response from the committee was very good. They 325 00:18:07,359 --> 00:18:09,440 Speaker 1: were asking a lot of questions and the right questions. 326 00:18:09,440 --> 00:18:12,399 Speaker 1: We weren't talking about things like oh, you've got to deschedule. 327 00:18:12,440 --> 00:18:15,000 Speaker 1: At first, it was everyone recognized and I think even 328 00:18:15,040 --> 00:18:18,720 Speaker 1: even critics of cannabis openly recognized that, Hey, I may 329 00:18:18,720 --> 00:18:21,480 Speaker 1: not agree with this, but this industry is huge. There's 330 00:18:21,520 --> 00:18:24,719 Speaker 1: public companies involved, there's hard working Americans working in these 331 00:18:24,720 --> 00:18:27,760 Speaker 1: suspensaries or in these growth facilities, and they should have 332 00:18:27,800 --> 00:18:31,560 Speaker 1: access to financial security that these these businesses shouldn't be 333 00:18:31,600 --> 00:18:34,080 Speaker 1: cash businesses on the fringe, like this should actually be 334 00:18:34,119 --> 00:18:37,520 Speaker 1: something that's properly banked that everyone can can. You know, 335 00:18:37,720 --> 00:18:41,080 Speaker 1: there's transparency, and from a government standpoint, if you want 336 00:18:41,080 --> 00:18:43,560 Speaker 1: to root out bad actors, look at the transactions. If 337 00:18:43,600 --> 00:18:46,000 Speaker 1: you want to figure out the possible tax you know 338 00:18:46,119 --> 00:18:48,399 Speaker 1: that you could place on this industry to turn a 339 00:18:48,440 --> 00:18:50,159 Speaker 1: negative into a positive, you've got to have it. In 340 00:18:50,200 --> 00:18:52,880 Speaker 1: the financial services institutions, you've gotta be able to see 341 00:18:52,920 --> 00:18:55,439 Speaker 1: the actual cash flow. So those are the types of 342 00:18:55,520 --> 00:18:57,600 Speaker 1: questions and responses that were coming up. And I was 343 00:18:57,640 --> 00:18:59,600 Speaker 1: a very you know, with as much as I've worked 344 00:18:59,600 --> 00:19:01,840 Speaker 1: on the same Banking Act or worked on the States Act, 345 00:19:02,240 --> 00:19:05,040 Speaker 1: to hear those types of educated questions being asked from 346 00:19:05,080 --> 00:19:06,920 Speaker 1: you know, from when I started a couple of years ago, 347 00:19:07,440 --> 00:19:09,280 Speaker 1: you know, making my way through the halls in Congress, 348 00:19:09,600 --> 00:19:11,320 Speaker 1: there wasn't a lot of members that knew much of 349 00:19:11,400 --> 00:19:13,760 Speaker 1: anything about the cannabis industry or the troubles that it 350 00:19:13,840 --> 00:19:15,560 Speaker 1: was going through as it was trying to grow. I mean, 351 00:19:15,560 --> 00:19:20,600 Speaker 1: it really hearing how educated the conversation was today. Brady 352 00:19:20,640 --> 00:19:22,480 Speaker 1: Cobbs on the line. He's a lawyer and CEO of 353 00:19:22,640 --> 00:19:26,199 Speaker 1: s OL Global, Soul Global uh and he's one of 354 00:19:26,240 --> 00:19:29,280 Speaker 1: the folks who've been meeting with lawmakers on cannabis regulation 355 00:19:29,880 --> 00:19:33,200 Speaker 1: UH and and whatnot. And it really is fascinating, Brady, 356 00:19:33,200 --> 00:19:35,440 Speaker 1: because when I was out in Colorado on the campaign trail, 357 00:19:35,760 --> 00:19:41,679 Speaker 1: I mean, it's real because financial institutions, big banks, small banks, 358 00:19:41,880 --> 00:19:47,120 Speaker 1: community banks, they cannot get involved in this industry, even 359 00:19:47,119 --> 00:19:51,360 Speaker 1: though it's legalized in states like Colorado. They're literally shoving 360 00:19:51,440 --> 00:19:57,960 Speaker 1: cash into briefcases in order to make transactions. And essentially, 361 00:19:57,960 --> 00:20:00,000 Speaker 1: what I'm gathering from you is that when the Senate 362 00:20:00,000 --> 00:20:04,000 Speaker 1: Banking Committee is having these types of serious hearings and 363 00:20:04,040 --> 00:20:08,959 Speaker 1: President Trump, for example, of stating publicly that he would support, um, 364 00:20:09,520 --> 00:20:14,440 Speaker 1: you know, reforms for the industry, this is it's not 365 00:20:15,200 --> 00:20:18,560 Speaker 1: if it's a matter of when I think you've stated it, 366 00:20:18,760 --> 00:20:21,040 Speaker 1: that's that's a perfect way to ge encapsulate kind of 367 00:20:21,080 --> 00:20:23,399 Speaker 1: what we're in right now. And it's it was a 368 00:20:23,480 --> 00:20:28,680 Speaker 1: largely because you had states like Ohio, Florida, Pennsylvania, Michigan 369 00:20:29,200 --> 00:20:31,760 Speaker 1: states that the math doesn't work in the electoral college 370 00:20:31,800 --> 00:20:34,000 Speaker 1: to carry the White House without those states all have 371 00:20:34,200 --> 00:20:36,640 Speaker 1: legal cannabis in one form of the other. So it's 372 00:20:36,680 --> 00:20:39,840 Speaker 1: no longer something that's on the fringe out west. It's 373 00:20:39,840 --> 00:20:43,320 Speaker 1: it's real and this is a real businesses investing hundreds 374 00:20:43,320 --> 00:20:45,840 Speaker 1: of millions of dollars in these states, and look at 375 00:20:45,840 --> 00:20:47,680 Speaker 1: the Colorado is a perfect example. They went from a 376 00:20:47,720 --> 00:20:51,000 Speaker 1: budget deficit to a budget surplus where they're building schools 377 00:20:51,000 --> 00:20:53,919 Speaker 1: and parks with a with a well regulated cannabis system 378 00:20:54,000 --> 00:20:56,600 Speaker 1: that taxes the industry and they reinvest the money into 379 00:20:56,640 --> 00:20:59,840 Speaker 1: the community. So the key is, let's assume you are 380 00:20:59,840 --> 00:21:02,720 Speaker 1: a licensed operator in the state of Colorado. You comply 381 00:21:02,840 --> 00:21:04,800 Speaker 1: with all the state laws, which is there's a lot 382 00:21:04,840 --> 00:21:07,600 Speaker 1: of them. You're fully compliant with the Department of Health, 383 00:21:07,920 --> 00:21:09,600 Speaker 1: and you want to write a check to a plumber 384 00:21:09,600 --> 00:21:11,119 Speaker 1: that what needs to come in and fix something in 385 00:21:11,119 --> 00:21:13,120 Speaker 1: one of your facilities, How do you do that without 386 00:21:13,119 --> 00:21:15,760 Speaker 1: a checking account? How do you run payroll? You can, 387 00:21:16,080 --> 00:21:20,520 Speaker 1: It's so hard. We're not talking about a small industry. 388 00:21:20,520 --> 00:21:23,720 Speaker 1: These are here's a seventeen or eighteen publicly traded US 389 00:21:23,800 --> 00:21:27,399 Speaker 1: cannabis multi state operators on various different indexes, and you 390 00:21:27,440 --> 00:21:30,040 Speaker 1: know investors are writing about It's a topic on CNBC 391 00:21:30,200 --> 00:21:31,879 Speaker 1: all the time. I think it's a top topic of 392 00:21:32,000 --> 00:21:36,080 Speaker 1: Bloomberg TV. Come on, come on, bloom Every network, exactly, 393 00:21:36,240 --> 00:21:40,000 Speaker 1: every single network covers cannabis. Yet you can't bank it. 394 00:21:40,920 --> 00:21:43,200 Speaker 1: So I think, what is what is let's get let's 395 00:21:43,240 --> 00:21:45,120 Speaker 1: dive into the weeds, for lack of a better term, 396 00:21:45,359 --> 00:21:51,159 Speaker 1: what is the pressing, pressing regulatory issue number one in 397 00:21:51,240 --> 00:21:56,159 Speaker 1: the short term that the cannabis industry needs resolved in 398 00:21:56,240 --> 00:21:58,440 Speaker 1: the immediate short term. And you've been so generous with 399 00:21:58,520 --> 00:22:00,639 Speaker 1: your time. This is so this is my final question. 400 00:22:01,520 --> 00:22:04,159 Speaker 1: So Safe Banking Act needs to pass to clear up 401 00:22:04,200 --> 00:22:07,159 Speaker 1: financial institutions and the State tackle which is drafted by 402 00:22:07,200 --> 00:22:09,520 Speaker 1: Senator Gardner, which this is a state's rights bill. It 403 00:22:09,600 --> 00:22:11,959 Speaker 1: just simply says, when it's a you know, if it's 404 00:22:12,040 --> 00:22:13,879 Speaker 1: legal in the state, you're complying with state law. You're 405 00:22:13,880 --> 00:22:16,959 Speaker 1: not violating Schedule one. Those two bills open up with market. 406 00:22:18,119 --> 00:22:20,080 Speaker 1: You are as familiar with this your what does that mean? 407 00:22:21,600 --> 00:22:23,679 Speaker 1: What that means is that if you are if you 408 00:22:23,680 --> 00:22:25,719 Speaker 1: have at if the voters of the state of Florida 409 00:22:25,840 --> 00:22:28,280 Speaker 1: or the State of New York say we want legalized cannabis, 410 00:22:28,800 --> 00:22:31,720 Speaker 1: you're no longer violating Schedule Schedule one of the Control 411 00:22:31,800 --> 00:22:34,520 Speaker 1: Substances Act. If you're complying with New York laws, that 412 00:22:34,680 --> 00:22:38,320 Speaker 1: then allows you to bank the Feds exactly as long 413 00:22:38,359 --> 00:22:40,440 Speaker 1: as the Feds don't list it as a drug and 414 00:22:40,520 --> 00:22:42,280 Speaker 1: the States say it's not a drug, then you're then 415 00:22:42,280 --> 00:22:44,560 Speaker 1: you're in compliance. All right, Brady cob I know you're 416 00:22:44,560 --> 00:22:47,240 Speaker 1: gonna come back on. Appreciate the time. Lawyer and CEO 417 00:22:47,359 --> 00:22:50,880 Speaker 1: of Soul Global. S ol Global coming up more politics 418 00:22:50,880 --> 00:22:54,840 Speaker 1: and policy ahead of trade talks in China and Moller 419 00:22:54,960 --> 00:22:58,160 Speaker 1: Day on Capitol Hill. I'm Kevin Cilli. You can download 420 00:22:58,200 --> 00:23:00,959 Speaker 1: the Sound On podcast on Apple i Tunes or by 421 00:23:01,000 --> 00:23:03,360 Speaker 1: downloading Bloomberg Business app. You can also check us out 422 00:23:03,359 --> 00:23:06,120 Speaker 1: on radio dot Com, I Heart Radio, and Spotify. You're 423 00:23:06,119 --> 00:23:11,880 Speaker 1: listening to Bloomberg. You're listening to Sound On with Kevin Cirelli. 424 00:23:11,960 --> 00:23:15,120 Speaker 1: I'm Nathan Hagar. Join us tomorrow morning on Bloomberg Daybreak 425 00:23:15,200 --> 00:23:18,400 Speaker 1: for a big day of earnings and tech industrials and more. 426 00:23:18,720 --> 00:23:21,520 Speaker 1: Will check in with Lori Calvacina ahead of US equities 427 00:23:21,560 --> 00:23:25,160 Speaker 1: at RBC Capital Markets. That's Bloomberg Daybreak tomorrow morning at 428 00:23:25,200 --> 00:23:31,760 Speaker 1: five on Bloomberg. This is Sound On with Kevin serial 429 00:23:32,240 --> 00:23:35,879 Speaker 1: on Bloomberg and one oh five point seven of m 430 00:23:36,000 --> 00:23:40,920 Speaker 1: h D two Baltimore, and show him a whole lot 431 00:23:40,920 --> 00:23:43,800 Speaker 1: of members of the House of Representatives that don't know 432 00:23:43,920 --> 00:23:49,440 Speaker 1: what's dal the deal, folks. That was Senator John Kennedy, 433 00:23:49,800 --> 00:23:55,199 Speaker 1: Republican from Louisiana, talking about the debt ceiling deal, that 434 00:23:55,320 --> 00:24:00,080 Speaker 1: two year deal, two year deal that President Trump has 435 00:24:00,119 --> 00:24:04,280 Speaker 1: agreed to with Speaker of the House Nancy Pelosi. That 436 00:24:04,440 --> 00:24:09,119 Speaker 1: coming just about twenty four hours ago. I'm Kevin Cirelli, 437 00:24:09,200 --> 00:24:13,240 Speaker 1: Chief Washington correspondent from Bloomberg Television and Bloomberg Radio. President 438 00:24:13,240 --> 00:24:16,040 Speaker 1: Trump tweeted out that there were no quote unquote poison 439 00:24:16,200 --> 00:24:20,119 Speaker 1: pills in that deal. Kaprika Farro's here. She's an executive 440 00:24:20,119 --> 00:24:24,720 Speaker 1: in residence at American University and former Democratic Minority leader 441 00:24:24,800 --> 00:24:31,080 Speaker 1: in the Ohio Senate. Tyler Deeton, a Republican strategist and fundraiser. Fundraiser, 442 00:24:31,440 --> 00:24:35,040 Speaker 1: he is a president. He is president of Allegiance Strategies Tyler. 443 00:24:35,080 --> 00:24:38,040 Speaker 1: President Trump says no poison pills in the deal? Are there? 444 00:24:38,560 --> 00:24:40,400 Speaker 1: I don't think that there are poison pills in the deal, 445 00:24:40,440 --> 00:24:42,000 Speaker 1: and I think that that's why it's going to pass. 446 00:24:42,080 --> 00:24:44,040 Speaker 1: Now what he means by poison pills, of course a 447 00:24:44,119 --> 00:24:47,080 Speaker 1: subject to interpretation. But one thing that this two year 448 00:24:47,160 --> 00:24:49,600 Speaker 1: deal will preserve is the Heighth Amendment UM, which is 449 00:24:49,640 --> 00:24:54,320 Speaker 1: something that's been controversial. Comind are are esteemed and very 450 00:24:54,359 --> 00:24:57,040 Speaker 1: busy listeners. What the high Amendment? Well, this is what 451 00:24:57,240 --> 00:24:59,400 Speaker 1: this is what Joe Biden got into trouble on and 452 00:24:59,600 --> 00:25:01,960 Speaker 1: I'm is what Capri thinks of this, because Joe Biden 453 00:25:01,960 --> 00:25:03,880 Speaker 1: said that he no longer supported the height Amendment, which 454 00:25:03,880 --> 00:25:06,520 Speaker 1: is what guarantees that there's no taxpayer funds that go 455 00:25:06,600 --> 00:25:09,320 Speaker 1: to anything related to abortion. And so that's in the 456 00:25:09,359 --> 00:25:11,280 Speaker 1: deal and it'll be interesting to see. I mean, Speaker 457 00:25:11,280 --> 00:25:13,920 Speaker 1: Pelosi is backing the deal with the hide language. This 458 00:25:13,960 --> 00:25:16,440 Speaker 1: is what Joe Biden and practically every other Democrat running 459 00:25:16,480 --> 00:25:18,480 Speaker 1: for president has said that they want taxpayer funds going 460 00:25:18,520 --> 00:25:22,200 Speaker 1: to abortion. I just think it's a really landmark agreement 461 00:25:22,240 --> 00:25:24,560 Speaker 1: that what is in this for both sides is that 462 00:25:24,600 --> 00:25:27,240 Speaker 1: they can clear the decks, not have another budget fight, 463 00:25:27,520 --> 00:25:29,560 Speaker 1: and we'll fight about other issues. I mean, look, it 464 00:25:29,560 --> 00:25:31,280 Speaker 1: doesn't mean the fighting is going to end. But if 465 00:25:31,280 --> 00:25:33,520 Speaker 1: it means that we borrow three d more billion dollars 466 00:25:33,520 --> 00:25:35,959 Speaker 1: from China so that we can avoid a debt another 467 00:25:36,040 --> 00:25:38,640 Speaker 1: debt im past, then I guess I'll take that deal well. 468 00:25:38,640 --> 00:25:40,439 Speaker 1: And I think this is what's really interesting about this. 469 00:25:40,520 --> 00:25:42,479 Speaker 1: And and on one hand, I certainly do agree. I mean, 470 00:25:42,520 --> 00:25:45,000 Speaker 1: I'm glad that we're not dealing with another continuing resolution. 471 00:25:45,080 --> 00:25:47,159 Speaker 1: I don't think that that's good for business. You know, 472 00:25:47,200 --> 00:25:49,119 Speaker 1: we've kicked the can down the road too many times. 473 00:25:49,160 --> 00:25:50,560 Speaker 1: I mean, the fact that we're dealing you know, we're 474 00:25:50,560 --> 00:25:55,320 Speaker 1: dealing with the increase of the debt ceiling basically avoids catastrophe. 475 00:25:55,320 --> 00:25:56,919 Speaker 1: I think they're doing it for two years so they 476 00:25:56,920 --> 00:26:01,560 Speaker 1: can avoid, um, having this catastrophe come to bear in 477 00:26:01,640 --> 00:26:04,760 Speaker 1: the midst of a presidential election cycle as well. Um. 478 00:26:04,760 --> 00:26:07,560 Speaker 1: But you know, we're increasing discretionary spending. We're not dealing 479 00:26:07,560 --> 00:26:10,880 Speaker 1: with entitlements. You know, two things that deficit hawks on 480 00:26:10,880 --> 00:26:13,800 Speaker 1: on the Republican side, I'm sure not crazy about. And 481 00:26:13,840 --> 00:26:15,760 Speaker 1: so you know, President Trump came out and said he 482 00:26:15,800 --> 00:26:18,199 Speaker 1: was all for this deal. I don't necessarily know how 483 00:26:18,280 --> 00:26:20,960 Speaker 1: Kevin McCarthy and the rest of the Republicans felt about 484 00:26:20,960 --> 00:26:22,840 Speaker 1: that at the time, because I think he sort of 485 00:26:22,920 --> 00:26:26,320 Speaker 1: stole their thunder and preempted that without, you know, having 486 00:26:26,359 --> 00:26:28,840 Speaker 1: some sort of a unified message. There we'll get this 487 00:26:29,119 --> 00:26:31,719 Speaker 1: SENTI Majority leader Mitch McConnell. You know, the Republican from 488 00:26:31,800 --> 00:26:34,680 Speaker 1: Kentucky has a thing or two about whip counts. He says, 489 00:26:34,840 --> 00:26:37,880 Speaker 1: I love this McConnell quote, because any really, I mean, 490 00:26:37,920 --> 00:26:43,040 Speaker 1: in covering McConnell, this is quintessential minch. Mitch McConnell, He goes, quote, 491 00:26:43,240 --> 00:26:46,920 Speaker 1: I make no apologies for this two year cap steal. 492 00:26:47,160 --> 00:26:50,080 Speaker 1: When you have divided government, both sides have a seat 493 00:26:50,400 --> 00:26:54,440 Speaker 1: at the table. Essentially, what he's telling his colleagues in 494 00:26:54,520 --> 00:26:56,919 Speaker 1: the Republican Party in the House of Representatives is this 495 00:26:56,960 --> 00:26:59,239 Speaker 1: is as good as it gets. No, Tyler, Look, this 496 00:26:59,240 --> 00:27:01,239 Speaker 1: is gonna rocket through. Everybody wants to leave for their 497 00:27:01,280 --> 00:27:04,360 Speaker 1: summer recess in August, and so it's just gonna go 498 00:27:04,560 --> 00:27:06,280 Speaker 1: right through. And I'll tell you There's one other thing, 499 00:27:06,320 --> 00:27:09,440 Speaker 1: and I just love this that Ron Johnson, Republican from Wisconsin, 500 00:27:09,720 --> 00:27:12,480 Speaker 1: he's planning on voting no because it doesn't include his provision, 501 00:27:12,480 --> 00:27:15,120 Speaker 1: which would guarantee that there would be no more shutdowns. 502 00:27:15,480 --> 00:27:17,080 Speaker 1: And I actually think that that's the biggest miss and 503 00:27:17,119 --> 00:27:19,240 Speaker 1: this is he has a bill called the Shutdown Fairness Act. 504 00:27:19,560 --> 00:27:22,600 Speaker 1: It would guarantee that essential federal employees kept getting paid 505 00:27:22,640 --> 00:27:26,480 Speaker 1: no matter what. But they're not including that, and so 506 00:27:26,600 --> 00:27:29,800 Speaker 1: Ron Johnson's voting no. I think that's amazing. Good for 507 00:27:29,920 --> 00:27:31,600 Speaker 1: Ron Johnson for doing that. But that's I mean, I 508 00:27:31,640 --> 00:27:34,240 Speaker 1: think that they they introduced that they introduced that bill 509 00:27:34,280 --> 00:27:36,720 Speaker 1: in the midst of of the shutdown the first time 510 00:27:36,760 --> 00:27:38,680 Speaker 1: as well. Yeah, And I don't know why they can't 511 00:27:38,720 --> 00:27:40,359 Speaker 1: just do that, because you know why, they want to 512 00:27:40,359 --> 00:27:42,439 Speaker 1: have the fight they want to hold, they want to 513 00:27:42,440 --> 00:27:45,280 Speaker 1: be They're not going to need they need the stick 514 00:27:45,480 --> 00:27:49,280 Speaker 1: they need alright, coming up. I never knew that that 515 00:27:49,400 --> 00:27:52,400 Speaker 1: I actually knew today when I looked at the rundown 516 00:27:52,440 --> 00:27:55,080 Speaker 1: I was talking with our EP Christine Brado, when I 517 00:27:55,119 --> 00:27:57,720 Speaker 1: saw Tyler and Caprion, I thought this is going to 518 00:27:57,760 --> 00:28:00,960 Speaker 1: be so much fun. At this segment, Ruves why because 519 00:28:01,119 --> 00:28:05,600 Speaker 1: only you two together could make the debt ceiling this interesting. 520 00:28:05,640 --> 00:28:08,000 Speaker 1: Coming up, We're gonna talk more policy and politics. Let's 521 00:28:08,000 --> 00:28:11,359 Speaker 1: see if you can do the same for Trade panel, Stays, Kaprica, Borrow, 522 00:28:11,520 --> 00:28:15,119 Speaker 1: Tyler Deaton. Download the Sound On podcast on Apple iTunes, 523 00:28:15,160 --> 00:28:18,280 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 524 00:28:18,280 --> 00:28:20,240 Speaker 1: You can also find me on Radio dot com, I 525 00:28:20,359 --> 00:28:24,240 Speaker 1: Heart Radio, and Spotify. I'm Kevin Serelli with two All Stars. 526 00:28:24,280 --> 00:28:28,720 Speaker 1: You're listening to Bloomberg. You're listening to Sound On with 527 00:28:28,800 --> 00:28:32,760 Speaker 1: Kevin Currelli. I'm Tom Keene. Tomorrow morning at seven. I'm 528 00:28:32,800 --> 00:28:37,920 Speaker 1: Bloomberg Surveillance. Robert Hormats have kissing your associates on America 529 00:28:38,160 --> 00:28:42,600 Speaker 1: and a New United Kingdom. Dan's Bloomberg Surveillance Tomorrow morning 530 00:28:42,600 --> 00:28:49,240 Speaker 1: at seven. I'm Bloomberg. You're listening to Sound On with 531 00:28:49,320 --> 00:28:53,520 Speaker 1: Kevin Serelli on Bloomberg one and one oh five point 532 00:28:53,560 --> 00:28:57,080 Speaker 1: seven f M h D two, Baltimore. She called our 533 00:28:57,360 --> 00:29:06,040 Speaker 1: country and our people garbage. She said, garbage. That's worse 534 00:29:06,080 --> 00:29:12,920 Speaker 1: than deplorable. Remember deplorable, Yes you do, remember Hillary the deplorable? 535 00:29:14,520 --> 00:29:19,400 Speaker 1: Remember deplorables? That was President Trump continuing to go after 536 00:29:19,560 --> 00:29:26,640 Speaker 1: Congresswoman Alexandria Acasio Cortez the squad, as she calls herself, 537 00:29:26,640 --> 00:29:30,800 Speaker 1: along with three other freshman members of the House Democratic Caucus. 538 00:29:30,840 --> 00:29:34,760 Speaker 1: President Trump was speaking at The Turning Point US A 539 00:29:34,880 --> 00:29:38,320 Speaker 1: Teen Summit or I'm sorry, the Turning Point US A 540 00:29:38,480 --> 00:29:44,280 Speaker 1: Teen Student Action Summit, a gathering of conservative teenagers. I'm 541 00:29:44,360 --> 00:29:48,200 Speaker 1: Kevin Surli, Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. 542 00:29:48,320 --> 00:29:52,000 Speaker 1: Two All Stars with me, Tyler Deaton, Republican strategist and fundraiser, 543 00:29:52,240 --> 00:29:56,440 Speaker 1: president of Allegiance Strategies, and Capri Cafaro, executive and residence 544 00:29:56,640 --> 00:30:00,760 Speaker 1: at American University, former Democratic Minority leader in the Hio Senate. 545 00:30:00,760 --> 00:30:05,480 Speaker 1: Capri the Squad versus President Trump. President Trump versus the Squad. 546 00:30:05,560 --> 00:30:08,880 Speaker 1: You're a Democrat. What do you make of all this? Yawn? 547 00:30:09,440 --> 00:30:13,560 Speaker 1: I mean seriously, no, actually, I mean you'd be surprised. 548 00:30:13,560 --> 00:30:15,840 Speaker 1: I mean this. I think that there's been so much 549 00:30:15,960 --> 00:30:20,000 Speaker 1: coverage and so much banter back and forth between Trump 550 00:30:20,040 --> 00:30:22,160 Speaker 1: and the Squad. I think that it's really good for 551 00:30:22,200 --> 00:30:24,920 Speaker 1: the base of both parties, where they're really fired up 552 00:30:24,920 --> 00:30:28,520 Speaker 1: and they're basically saying great, like go and punch them like, 553 00:30:28,680 --> 00:30:33,080 Speaker 1: you know, go squad, don't back down, etcetera. Insinuating that 554 00:30:33,120 --> 00:30:36,520 Speaker 1: we should have violence, and thank you very much, thank 555 00:30:36,520 --> 00:30:40,040 Speaker 1: you for clarifying that it's it's more of a rhetorical 556 00:30:41,040 --> 00:30:44,920 Speaker 1: verbal Yes, it does. I apologize for that, but you 557 00:30:45,000 --> 00:30:47,200 Speaker 1: understand what I'm saying that it's good for both bases. 558 00:30:47,200 --> 00:30:51,440 Speaker 1: Both bases want to see both sides standing up to 559 00:30:51,800 --> 00:30:54,680 Speaker 1: what they feel is wrong with the other. Is going down. 560 00:30:54,680 --> 00:30:57,000 Speaker 1: Speaker Pelarity's on the phone with Secretary Revolution and they 561 00:30:57,040 --> 00:30:59,720 Speaker 1: get a deal. That's right because the adults in the 562 00:30:59,760 --> 00:31:03,520 Speaker 1: roof actually are focused on policy rather than on getting 563 00:31:03,600 --> 00:31:07,320 Speaker 1: in front of the you know, the Instagram stories. Okay, 564 00:31:07,400 --> 00:31:09,680 Speaker 1: but I mean, is it is this hindering ability or 565 00:31:09,680 --> 00:31:13,400 Speaker 1: clouding attention on other policies? Yeah? Absolutely, I mean you 566 00:31:13,400 --> 00:31:16,040 Speaker 1: think about trade US m c A. I mean, this 567 00:31:16,120 --> 00:31:18,480 Speaker 1: is a big issue for people that care well about 568 00:31:18,480 --> 00:31:20,280 Speaker 1: the economy, and I think that what we're going to 569 00:31:20,320 --> 00:31:22,400 Speaker 1: see is this is this is my take on it 570 00:31:22,480 --> 00:31:24,080 Speaker 1: is that I don't think that the squad is as 571 00:31:24,080 --> 00:31:28,320 Speaker 1: cohesive as it's been made because Representative Pressley, I just 572 00:31:28,520 --> 00:31:31,200 Speaker 1: I think it's actually pretty insulting to her that she's 573 00:31:31,240 --> 00:31:33,560 Speaker 1: been grouped in with these other three newbies, Like she 574 00:31:33,720 --> 00:31:37,160 Speaker 1: is a former John Kerry staffer. She's extremely accomplished. He 575 00:31:37,240 --> 00:31:40,720 Speaker 1: was on the Boston City Council, Massachusetts. And I respect 576 00:31:40,760 --> 00:31:42,520 Speaker 1: the hell out of her, and she's nothing like these 577 00:31:42,520 --> 00:31:45,640 Speaker 1: other three, just in terms of experience and qualifications and 578 00:31:45,680 --> 00:31:48,400 Speaker 1: so represented Pressley, Like I think that while the other 579 00:31:48,440 --> 00:31:51,200 Speaker 1: three might continue to go and kind of stir things up, 580 00:31:51,440 --> 00:31:53,480 Speaker 1: represented Pressley is actually here to do stuff. And I 581 00:31:53,560 --> 00:31:55,320 Speaker 1: might would disagree with her on a lot of issues, 582 00:31:55,360 --> 00:31:57,640 Speaker 1: but she's just in a whole another category than these 583 00:31:57,680 --> 00:32:00,640 Speaker 1: other three. So I watched because I have no life 584 00:32:00,680 --> 00:32:02,400 Speaker 1: when I couldn't sleep. The other night, I watched the 585 00:32:02,600 --> 00:32:07,200 Speaker 1: unedited version of Gayle King's interview on CBS with with 586 00:32:07,280 --> 00:32:10,040 Speaker 1: the Squad. She did like this thirty three minute interview 587 00:32:10,080 --> 00:32:13,080 Speaker 1: with all four of them, and what Tyler mentioned about 588 00:32:13,120 --> 00:32:16,760 Speaker 1: Congresswoman Pressley I picked up on and in a different 589 00:32:16,760 --> 00:32:18,640 Speaker 1: sense though, what I made that out to be. And 590 00:32:18,680 --> 00:32:21,520 Speaker 1: the way that she was communicating, which is different than 591 00:32:21,560 --> 00:32:25,840 Speaker 1: the other three than aoc Elana Omar and the way 592 00:32:25,880 --> 00:32:28,400 Speaker 1: that they're communicating is she's essentially saying, I'll be the 593 00:32:28,400 --> 00:32:31,959 Speaker 1: one that actually negotiates with Pelosi and it's like, but so, 594 00:32:32,000 --> 00:32:34,760 Speaker 1: what where I disagree with Tyler Copri is that I 595 00:32:34,800 --> 00:32:38,680 Speaker 1: think that's part of their strategy, is that they're instructing 596 00:32:39,000 --> 00:32:43,239 Speaker 1: leadership essentially to make Pressley the one that gets in 597 00:32:43,280 --> 00:32:45,200 Speaker 1: there and rolls up their sleeves. You know the dynamics. 598 00:32:45,200 --> 00:32:48,160 Speaker 1: Coprie of the Democratic Party better than anyone, is that 599 00:32:48,200 --> 00:32:52,040 Speaker 1: what's going on your humble I would beg to different. 600 00:32:52,080 --> 00:32:54,120 Speaker 1: I mean, I I think actually the bigger threat to 601 00:32:54,160 --> 00:32:56,959 Speaker 1: the Squad is the squad being divisive amongst itself. So 602 00:32:57,440 --> 00:33:01,560 Speaker 1: maybe Pressley is maybe they're some sort of tacit agreement 603 00:33:01,880 --> 00:33:06,200 Speaker 1: amongst the squad that Pressley will be. You know what, 604 00:33:06,280 --> 00:33:09,880 Speaker 1: I've unfortunately been on air so much calling the squad 605 00:33:10,320 --> 00:33:12,120 Speaker 1: by virtue of where I'm usually on the air, that 606 00:33:12,120 --> 00:33:14,320 Speaker 1: that just is is where my head's at. But what 607 00:33:14,520 --> 00:33:17,720 Speaker 1: I think that the bigger issue is, you know, right 608 00:33:17,760 --> 00:33:21,680 Speaker 1: now they are a united front, so to speak, but 609 00:33:21,920 --> 00:33:24,960 Speaker 1: I think that there will ultimately be competition for who 610 00:33:25,640 --> 00:33:29,840 Speaker 1: the lead is of the squad, and and so and 611 00:33:29,840 --> 00:33:32,160 Speaker 1: and that very very well, maybe smart, but at some 612 00:33:32,240 --> 00:33:34,760 Speaker 1: point somebody's gonna have to be Beyonce and Destiny's child. 613 00:33:34,800 --> 00:33:36,400 Speaker 1: And that's when the band is going to break a 614 00:33:37,560 --> 00:33:39,600 Speaker 1: time to pivot. I mean, how do you pivot out 615 00:33:39,640 --> 00:33:42,000 Speaker 1: of the out of Beyonce? I mean, I got nothing, 616 00:33:42,120 --> 00:33:44,400 Speaker 1: But I do you see my analogy? I mean I 617 00:33:44,400 --> 00:33:46,960 Speaker 1: could have used other music analogies that nobody else would 618 00:33:46,960 --> 00:33:48,960 Speaker 1: relate to. So that was the easiest one. I like, 619 00:33:49,120 --> 00:33:51,880 Speaker 1: But no, we're going to turn to serious stuff and look, 620 00:33:52,080 --> 00:33:54,440 Speaker 1: U s m c A, Noon AFTA. It's supposed to 621 00:33:54,480 --> 00:33:57,360 Speaker 1: be on the calendar in September. We have real work 622 00:33:57,400 --> 00:33:59,560 Speaker 1: for this nation to be doing, and so I would 623 00:33:59,600 --> 00:34:01,560 Speaker 1: like to see some more attention on that. I don't even, 624 00:34:01,560 --> 00:34:03,840 Speaker 1: by the way, I don't even notice have a position 625 00:34:03,880 --> 00:34:07,280 Speaker 1: on that or U. S c A. But maybe, um, 626 00:34:07,320 --> 00:34:09,560 Speaker 1: now that we've gotten past the issue of the budget 627 00:34:09,560 --> 00:34:11,319 Speaker 1: and the dead ceiling, maybe U. S m c A 628 00:34:11,360 --> 00:34:13,120 Speaker 1: has an opportunity to see the light of day. But 629 00:34:13,160 --> 00:34:17,320 Speaker 1: it's not hasn't even gotten any any pell Comay mentioned 630 00:34:17,320 --> 00:34:19,440 Speaker 1: this yesterday on Pebble Beach at the White House when 631 00:34:19,440 --> 00:34:22,439 Speaker 1: she was gaggling with reporters, and she said, essentially, when 632 00:34:22,520 --> 00:34:26,240 Speaker 1: when while she was answering about the squad versus President Trump, 633 00:34:26,280 --> 00:34:28,360 Speaker 1: she said, you know, there's there's real issues that that 634 00:34:28,480 --> 00:34:30,480 Speaker 1: have to get down U S. M. C A being 635 00:34:30,480 --> 00:34:33,400 Speaker 1: one of them. You you guys both know this in 636 00:34:33,520 --> 00:34:37,040 Speaker 1: terms of just how crucial calendar time is, especially this 637 00:34:37,080 --> 00:34:40,759 Speaker 1: time of year. It really was, for example, one of 638 00:34:40,800 --> 00:34:42,759 Speaker 1: the reasons, whether any of us like it or not, 639 00:34:42,920 --> 00:34:45,560 Speaker 1: us taxpayers like it or not, one of the reasons 640 00:34:45,600 --> 00:34:49,080 Speaker 1: why the dead ceiling ultimately got done. You've got hundreds 641 00:34:49,120 --> 00:34:51,520 Speaker 1: of lawmakers, all of whom want to get home for 642 00:34:51,560 --> 00:34:55,359 Speaker 1: August recess, and that's how that artificial deadline works. Get 643 00:34:55,360 --> 00:34:56,759 Speaker 1: on board with this or you're gonna have to stay 644 00:34:58,239 --> 00:35:01,239 Speaker 1: into August recess the federal fiscal year. To your point 645 00:35:01,760 --> 00:35:05,279 Speaker 1: still September point being that when they come back, they 646 00:35:05,320 --> 00:35:07,800 Speaker 1: may actually have a chance after the August ree says, 647 00:35:07,840 --> 00:35:11,520 Speaker 1: because the debt ceiling is yes, you're ahead of me. No, no, 648 00:35:11,560 --> 00:35:13,840 Speaker 1: I love it, keep going. Yeah. So my my point 649 00:35:13,920 --> 00:35:15,880 Speaker 1: is is that now they've bought themselves a little bit 650 00:35:15,880 --> 00:35:18,840 Speaker 1: of time because had the debt ceiling not been resolved, 651 00:35:18,880 --> 00:35:21,319 Speaker 1: had the budget not been resolved, they would have really 652 00:35:21,320 --> 00:35:22,759 Speaker 1: been up against it and there wouldn't have been any 653 00:35:22,840 --> 00:35:26,440 Speaker 1: room for us. And what you're suggesting is that the 654 00:35:26,480 --> 00:35:29,640 Speaker 1: original zeitgeist, to quote my good friend of mentor here 655 00:35:29,640 --> 00:35:32,759 Speaker 1: at Bloomberg, Tom Keane, the zeitgeist here inside of the 656 00:35:32,760 --> 00:35:34,719 Speaker 1: Beltway was you got to get us m c A 657 00:35:34,800 --> 00:35:38,680 Speaker 1: done ahead of the August recess or it's chances of 658 00:35:38,719 --> 00:35:44,520 Speaker 1: getting done diminished before and then obviously uncertainty after. But 659 00:35:44,560 --> 00:35:47,440 Speaker 1: what you're suggesting, Capri is that because they got the 660 00:35:47,480 --> 00:35:51,080 Speaker 1: debt ceiling done, they still have time in September. Tyler 661 00:35:51,120 --> 00:35:54,880 Speaker 1: Deeton Republican strategists in order to get U s m 662 00:35:54,960 --> 00:35:57,080 Speaker 1: c A passed in September. Well, I think the conventional 663 00:35:57,080 --> 00:35:58,719 Speaker 1: wisdom was that they would do U s m c 664 00:35:58,840 --> 00:36:01,560 Speaker 1: A before they figured out a budget deal. But speaking 665 00:36:01,960 --> 00:36:04,120 Speaker 1: figured out a bunchet deals, so here we are, it 666 00:36:04,120 --> 00:36:05,920 Speaker 1: means that they're going to have time in September, and 667 00:36:05,960 --> 00:36:09,239 Speaker 1: also that lets our talks with China on trade continue 668 00:36:09,280 --> 00:36:12,160 Speaker 1: to mature. Like none of these single trade deals can 669 00:36:12,200 --> 00:36:14,239 Speaker 1: be viewed in a vacuum. Right, We're thinking Europe, we're 670 00:36:14,239 --> 00:36:17,080 Speaker 1: thinking Asia, and we're thinking our neighbors here in North America. 671 00:36:17,400 --> 00:36:20,480 Speaker 1: It's all part of a program that I actually have 672 00:36:20,520 --> 00:36:23,040 Speaker 1: a lot of confidence in our trade representative, Bob Lightheiser. 673 00:36:23,120 --> 00:36:26,920 Speaker 1: So I feel like if he's rights right, and so 674 00:36:27,280 --> 00:36:30,000 Speaker 1: if he is negotiating these deals, and I think that 675 00:36:30,040 --> 00:36:31,880 Speaker 1: a lot of our listeners will agree is that he 676 00:36:32,000 --> 00:36:34,040 Speaker 1: is going to be doing things that are in the 677 00:36:34,080 --> 00:36:38,160 Speaker 1: best interest of the mentioned. Lightheiser Bob Sorry. US Trade 678 00:36:38,200 --> 00:36:41,360 Speaker 1: Representative Bob Lightheiser and senior US officials are set to 679 00:36:41,400 --> 00:36:45,479 Speaker 1: travel to China next Monday for the first high level, 680 00:36:45,520 --> 00:36:48,440 Speaker 1: face to face trade negotiations between the world's two biggest 681 00:36:48,480 --> 00:36:52,440 Speaker 1: economies since they talked broke down in May. This according 682 00:36:52,440 --> 00:36:56,239 Speaker 1: to my colleagues Sean Donnan and Jenny Letard reporting on 683 00:36:56,280 --> 00:36:58,520 Speaker 1: the Bloomberg terminal, of course we're going to We're going 684 00:36:58,560 --> 00:37:01,640 Speaker 1: to be keeping tabs on the Rust China trade talks. Kaara, 685 00:37:01,719 --> 00:37:04,080 Speaker 1: what else is on your radar? We got Mueller tomorrow. 686 00:37:04,680 --> 00:37:07,040 Speaker 1: What's on your radar for tomorrow and the rest of 687 00:37:07,040 --> 00:37:08,960 Speaker 1: this week? You're going into ear surgery? Good, I'm going 688 00:37:08,960 --> 00:37:11,400 Speaker 1: into ear surgery. So not much. But I will just 689 00:37:11,440 --> 00:37:13,360 Speaker 1: give this my opportunity to give a shout out to 690 00:37:13,360 --> 00:37:15,880 Speaker 1: the fact that I'm glad that the House actually finally 691 00:37:15,920 --> 00:37:20,000 Speaker 1: passed a bipartisan repeal of the Cadillac Attacks, making things 692 00:37:20,280 --> 00:37:23,959 Speaker 1: more affordable for health care for those with employer based 693 00:37:23,960 --> 00:37:26,880 Speaker 1: in union based healthcarera Tyler Deaton, Republican strategist. What's on 694 00:37:26,880 --> 00:37:29,560 Speaker 1: your radar? You know, I just with Mueller happening tomorrow, 695 00:37:29,600 --> 00:37:32,200 Speaker 1: there's gonna be all this attention about Russia again, and 696 00:37:32,239 --> 00:37:34,240 Speaker 1: I just want in the in all of the hoopla 697 00:37:34,280 --> 00:37:36,359 Speaker 1: and the hysteria about Russia, I want us to come 698 00:37:36,400 --> 00:37:37,879 Speaker 1: back to the fact that we actually do have real 699 00:37:37,920 --> 00:37:40,840 Speaker 1: disagreements with Russia. There are real problems in Russia, one 700 00:37:40,880 --> 00:37:43,520 Speaker 1: of which is their human rights abuses. Actually, just before 701 00:37:43,520 --> 00:37:44,960 Speaker 1: we came on the air, it came to light that 702 00:37:45,000 --> 00:37:48,840 Speaker 1: an LGBT activist in Russia was targeted. She was found 703 00:37:48,880 --> 00:37:52,520 Speaker 1: like stabbed and murdered in St. Petersburg. And so we 704 00:37:52,560 --> 00:37:55,000 Speaker 1: have real differences with Russia. And so you know, I 705 00:37:55,040 --> 00:37:57,120 Speaker 1: think that we have to get through tomorrow and Democrats 706 00:37:57,120 --> 00:37:58,680 Speaker 1: are going to have this show, but like we have 707 00:37:58,719 --> 00:38:01,080 Speaker 1: to get back to the real business of the country. 708 00:38:01,480 --> 00:38:04,280 Speaker 1: Well yeah, I mean that is a major major story. 709 00:38:04,320 --> 00:38:08,480 Speaker 1: All right, Um, this was fun, you guys, right, Like 710 00:38:08,920 --> 00:38:10,239 Speaker 1: I feel like, you know, I was a little bit 711 00:38:10,320 --> 00:38:12,879 Speaker 1: nervous because I know that sometimes I got to rein 712 00:38:12,920 --> 00:38:14,440 Speaker 1: in in But you know, we've got so much I'm 713 00:38:14,480 --> 00:38:16,359 Speaker 1: gonna be up on Capitol Hill tomorrow from Bloomberg TV 714 00:38:16,440 --> 00:38:20,600 Speaker 1: starting at six a m. Live on Capitol Hill. We've 715 00:38:20,640 --> 00:38:24,320 Speaker 1: got all star coverage planned. We're following multiple multiple fronts. 716 00:38:24,320 --> 00:38:27,160 Speaker 1: I want to thank Kapri cafar Oh. She's an executive 717 00:38:27,200 --> 00:38:31,120 Speaker 1: in residence at American University, former Democratic minority leader in 718 00:38:31,160 --> 00:38:33,759 Speaker 1: the Ohio Senate. You're going into ear surgery. Good luck 719 00:38:33,800 --> 00:38:36,600 Speaker 1: with that. I should probably get my ears checked. I'm 720 00:38:36,600 --> 00:38:39,400 Speaker 1: sure a lot of people feel that way. Tyler Deaton, 721 00:38:39,440 --> 00:38:44,640 Speaker 1: Republican strategists and fundraiserer, President of Allegiance Strategies. Will you 722 00:38:44,680 --> 00:38:46,879 Speaker 1: come back on I would love to. All right, Well, 723 00:38:46,920 --> 00:38:49,919 Speaker 1: we appreciate your first time on the program, appreciate the time. 724 00:38:50,000 --> 00:38:53,840 Speaker 1: You can download the Sound On podcast on Apple iTunes, 725 00:38:53,880 --> 00:38:57,799 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 726 00:38:58,040 --> 00:38:59,719 Speaker 1: You can also check us out as well as my 727 00:39:00,080 --> 00:39:05,200 Speaker 1: leagues on Radio dot com, I Heart Radio and Spotify. 728 00:39:05,239 --> 00:39:07,840 Speaker 1: That does it for me. I'm Kevin Cerelli, Chief Washington 729 00:39:07,840 --> 00:39:11,600 Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. And you are 730 00:39:11,680 --> 00:39:18,799 Speaker 1: listening to Bloomberg One. You're listening to Sound On with 731 00:39:18,920 --> 00:39:21,759 Speaker 1: Kevin Cerelli. I'm Doug Chrisner. Coming up next hour on 732 00:39:21,760 --> 00:39:25,000 Speaker 1: Bloomberg Daybreak Asia, the Department of Justice is set to 733 00:39:25,040 --> 00:39:28,959 Speaker 1: open a broad antitrust investigation into some of America's tech 734 00:39:29,000 --> 00:39:33,080 Speaker 1: giants and whether or not they're unlawfully stifling competition. We'll 735 00:39:33,080 --> 00:39:34,840 Speaker 1: take a look at the top of the hour Daybreak 736 00:39:34,840 --> 00:39:35,719 Speaker 1: Asia on Bloomberg