WEBVTT - Noises Detected in Search for Missing Sub; Powell's Congressional Testimony

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<v Speaker 1>From the Bloomberg Interactive Burgers Studios is Bloomberg day Break

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<v Speaker 1>for Wednesday, June twenty.

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<v Speaker 2>First coming up today, A.

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<v Speaker 3>Hopeful sound noises are detected in the search for the

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<v Speaker 3>undersea vessel near the Titanic.

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<v Speaker 1>New tensions emerged with China after President Biden refers to

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<v Speaker 1>Shijin Ping as a dictator.

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<v Speaker 4>Fed Chair J.

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<v Speaker 3>Powell delivers his first day of congressional testimony this morning.

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<v Speaker 1>And FedEx does not deliver for investors with its latest earnings.

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<v Speaker 4>President Biden prepares for his state visit with India's Prime minister.

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<v Speaker 4>Plus New York State is banding employer's use of non

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<v Speaker 4>compete agreements. I'm Michael bar More Ahead.

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<v Speaker 5>I'm John Stasharon Sports Garrett Cole pitched the Yankees so

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<v Speaker 5>much they didn't win over Seattle, the Mets, and Justin

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<v Speaker 5>Verlander lost in Houston.

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<v Speaker 6>That's all straight Ahead on Bloomberg day Break, the business

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<v Speaker 6>news you need to starn your day in just one

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<v Speaker 6>fifteen minute podcast each morning on Apples, Spotify, the Bloomberg

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<v Speaker 6>Business app and everywhere you get your podcasts.

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<v Speaker 7>Good morning, I'm Nathan Hager.

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<v Speaker 1>And I'm Karen Moscow. Here are the stories.

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<v Speaker 2>We're following today.

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<v Speaker 3>We want to update you first on the missing submersible

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<v Speaker 3>near the wreckage of the Titanic and what may be

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<v Speaker 3>a hopeful sign. The Coastguard says underwater sounds have been detected.

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<v Speaker 3>Now search teams are being redirected to find out where

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<v Speaker 3>those sounds came from. Coastguard Rear Admiral John Mager says

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<v Speaker 3>they're using planes, remotely operated vehicles, and underwater robots to

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<v Speaker 3>find the five people on board the titan.

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<v Speaker 7>It's a really complex case. Their active debris fielled down

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<v Speaker 7>on the bottom of the ocean, and a lot of

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<v Speaker 7>complexity of working at that time.

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<v Speaker 3>Rear Admiral John magertell's ABC News it's a race against time.

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<v Speaker 3>The Titan is designed to carry up to ninety six

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<v Speaker 3>hours of oxygen. At this rate, the ship may have

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<v Speaker 3>less than twenty four hours of air left well.

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<v Speaker 1>Another major story that we're following this morning, Nathan, involves

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<v Speaker 1>the fallout from the plea deal for Hunter Biden. The

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<v Speaker 1>deal may help avoid a messy public trial and keep

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<v Speaker 1>President Biden's son out of jail, but the agreement also

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<v Speaker 1>provides fodder for the president's political opponents. Bloomberg's Amy Morris

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<v Speaker 1>or Poor Sermer a ninety nine one newsroom in Washington.

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<v Speaker 8>Hunter Biden's legal troubles haven't stopped the President from supporting him.

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<v Speaker 9>Very proud of my son.

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<v Speaker 8>Republicans are outraged with the deal, vowing to continue their

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<v Speaker 8>probes into the Biden family. Congressman James Comer is chair

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<v Speaker 8>of the House Oversight Committee.

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<v Speaker 6>This has absolutely nothing to do with our investigation of

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<v Speaker 6>Joe Biden, and we're going to continue to move forward

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<v Speaker 6>with that.

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<v Speaker 8>The Congressman Jamie Raskin, the top Democrat on that committee, says,

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<v Speaker 8>if there is a double standard, it's with the Trump family,

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<v Speaker 8>not Biden.

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<v Speaker 7>They should check out what happened with Jared Kushner.

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<v Speaker 5>He registered to create a new corporation, which promptly received

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<v Speaker 5>two billion dollars from the Saudi government.

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<v Speaker 8>Judge still has to approve the Plea deal, even as

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<v Speaker 8>the lead prosecutor says the investigation is ongoing. In Washington,

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<v Speaker 8>I'm Amy Morris, Bloomberg Daybreak.

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<v Speaker 6>Thank you, Amy.

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<v Speaker 3>While the rhetoric heats up between the parties over Hunter Biden,

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<v Speaker 3>in tentions between the US and China may be rising again,

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<v Speaker 3>and China, says President Biden made a quote public political

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<v Speaker 3>provocation by referring to his counterpart she Jinping as a dictator.

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<v Speaker 3>Biden told a California fundraiser that the Chinese leader had

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<v Speaker 3>been embarrassed by an alleged spy balloon because he didn't

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<v Speaker 3>know it was there. The President says, quote, that's the

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<v Speaker 3>great embarrassment for dictators when they didn't know what happened.

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<v Speaker 1>Well, turning to the markets now, Nathan, all eyes today

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<v Speaker 1>and tomorrow are focused on Washington. That's where Fed Chairman

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<v Speaker 1>j Powell gives his semi annual report to Congress. We

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<v Speaker 1>get a preview from Bloomberg's Michael McKee.

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<v Speaker 2>In the House today, the Fed Chairman will have the

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<v Speaker 2>opportunity to clarify what some feel was a confusing message

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<v Speaker 2>on the path for interest rates. What would lead central

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<v Speaker 2>bankers to raise rates again something their own forecasts suggests

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<v Speaker 2>will happen? Does inflation have to rise, does unemployment or

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<v Speaker 2>does it just have to remain flat? What is the

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<v Speaker 2>ultimate end rate? And how soon after that might they

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<v Speaker 2>begin the rate cuts they foresee for twenty twenty four.

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<v Speaker 2>There will also be questions about the impact of March

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<v Speaker 2>A bank failures and on possible regulatory changes for the industry. Tomorrow,

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<v Speaker 2>Poll comes back to testify before the Senate. Michael McKee Bloomberg.

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<v Speaker 3>Daybreak, Okay, Mike, As investors await possible clues on the

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<v Speaker 3>future of rates, Brown Brothers Harriman, head of Currency Strategy,

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<v Speaker 3>when Thin thinks the FED is far from done, when

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<v Speaker 3>all its.

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<v Speaker 10>Dust settles, I think the FED is going to go

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<v Speaker 10>higher for longer.

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<v Speaker 11>The market still doesn't quite believe the Fed.

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<v Speaker 8>They cut one hike pricing, but.

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<v Speaker 2>The fedest single number two. And I said to a.

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<v Speaker 1>Lot of analysts, I don't think the Fed will hike again.

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<v Speaker 2>That this isn't just a pause, this is the end.

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<v Speaker 2>I wholeheartedly disagree.

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<v Speaker 3>Brown Brothers Harriman's whin then expects a stronger dollar the

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<v Speaker 3>rest of the year.

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<v Speaker 9>Well.

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<v Speaker 1>Rates are also in focus in Europe. This morning, Nathan

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<v Speaker 1>after a hot inflation rading over in the UK, and

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<v Speaker 1>we get the latest of the Bloomberg's Ewen Pot's in London.

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<v Speaker 2>Good morning you in, Good.

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<v Speaker 12>Morning, count of Nathan. It's hot in London again today.

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<v Speaker 12>But while the weather is nice, a fourth inflation reading

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<v Speaker 12>high that estimates is not so welcome. Consumer prizes rose

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<v Speaker 12>eight points seven percent in the year to make the

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<v Speaker 12>flying forecasts for a slowdown in price gains core inflation unexpected.

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<v Speaker 12>The rose on last month. It's now at a thirty

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<v Speaker 12>one year high. It's all a headache for the Bank

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<v Speaker 12>of England as they weigh their next move in tomorrow's

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<v Speaker 12>policy meeting. Traders are ramping up bets the bank will

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<v Speaker 12>need to administer stronger medicine in their fights against Rumpant's inflation.

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<v Speaker 12>In London, I'm une Pot's Bloombok.

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<v Speaker 3>Day break, marry you and thank you. Back here in

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<v Speaker 3>the US, we're watching shares of FedEx in early trading.

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<v Speaker 3>They're down about three percent after the company gave a

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<v Speaker 3>twenty twenty four profit outlook that came in below analysts essimate.

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<v Speaker 3>So we get the story from Bloomberg's Charlie Pellett.

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<v Speaker 9>A drop in package demand offset CEO raj subermanians four

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<v Speaker 9>billion dollar cost cutting plan the company, who's sought to

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<v Speaker 9>reduce expenses as the industry deals with a decline and

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<v Speaker 9>package volume following two years of surging demand fueled by

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<v Speaker 9>pandemic driven online shopping. In a separate statement, FedEx said

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<v Speaker 9>CFO Michael Lens will retire effective July thirty, first in

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<v Speaker 9>New York, Charlie Pellett's Bloomberg Daybreak.

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<v Speaker 1>Right, Urlie, Thanks, and JP Morgan. Chase is making a

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<v Speaker 1>fresh round of layoffs in Asia. Bloomberg News has learned

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<v Speaker 1>the bank is cutting about twenty investment banking jobs as

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<v Speaker 1>deal flows remain muted. Sources say the reductions impact mostly

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<v Speaker 1>junior staff and associates and analyst levels, and sectors including consumer,

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<v Speaker 1>healthcare and private capital markets.

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<v Speaker 3>Time now to take a look at some of the

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<v Speaker 3>other stories making news in New York and around the world,

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<v Speaker 3>and for that we are joined by Bloomberg's Michael Barr.

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<v Speaker 4>Good Morning, Michael, Good morning, Nathan. New York is joining

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<v Speaker 4>other states on banning employee non compete agreements. The bill

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<v Speaker 4>coincides with Federal Trade Commission and National Labor Relations Board

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<v Speaker 4>actions to fight non competes. The measure now heads to

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<v Speaker 4>Governor Kathy Oakle's desk after the state Assembly passed it yesterday.

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<v Speaker 4>Employer's use of non compete contracts, which restrict workers from

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<v Speaker 4>going to work for a competitor, an estimated one fifth

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<v Speaker 4>of the US workforce. The FDN and Y confirmed what

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<v Speaker 4>many suspected a lithium ion battery was the cause of

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<v Speaker 4>Tuesday's fire that killed four people in Manhattan. The blaze

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<v Speaker 4>started in an e bike shop on the Lower East Side.

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<v Speaker 4>The shop is downstairs from their apartments in the sixth

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<v Speaker 4>story building. New York City Fire Commissioner Laura Kevano his.

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<v Speaker 13>Exact scenario where there is an e bike store on

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<v Speaker 13>the first floor and residences above, and the volume of

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<v Speaker 13>fire created by these lithium ion batteries is incredibly deadly.

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<v Speaker 4>The FDN Y says the shop was inspected in August

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<v Speaker 4>of last year and summonses were issued. A former NYPD

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<v Speaker 4>officer is among a group of people convicted of working

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<v Speaker 4>for China. More from Bloomberg's Dan Schwartzman.

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<v Speaker 14>Three people, including a retired New York City Police sergeant,

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<v Speaker 14>had been convicted of acting as agents of the People's

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<v Speaker 14>Republic of China. Prosecutors showed that the three carried out

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<v Speaker 14>a legal law enforcement operation in the US, including trying

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<v Speaker 14>to pressure dissidents to return to China. The three were

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<v Speaker 14>in a group of eight originally charged back in October

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<v Speaker 14>of twenty twenty of participating in Operation fox Hunt, which

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<v Speaker 14>a Chinese government says was a legitimate operation to track

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<v Speaker 14>down fugitives in New York. I'm Dan Schwartzman Bloomberg Daybreak.

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<v Speaker 4>President Joe Biden is hosting Indian Prime Minister Narindra Modi

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<v Speaker 4>for a state visit this week. Biden hopes to improve

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<v Speaker 4>his relationship with the leader of a nation of one

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<v Speaker 4>point four billion at the US Administration sees as a

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<v Speaker 4>pivotal force in Asia for decades to come. Dozens of

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<v Speaker 4>Congressional members are urging President Biden to talk to Mody

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<v Speaker 4>about human rights concerns. Today, Modi is highlighting inner tranquility.

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<v Speaker 4>His public schedule for the day opens with a group

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<v Speaker 4>yoga session on the United Nations North Lawn. Global News

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<v Speaker 4>twenty four hours a day, powered by more than twenty

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<v Speaker 4>seven hundred journalist nanailist over one hundred and twenty countries.

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<v Speaker 4>I'm Michael Barr. This is Bloomberg, Nathan.

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<v Speaker 3>Thank you, Michael. Time now for the Bloomberg Sports update,

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<v Speaker 3>and for that, here's John Stanshall.

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<v Speaker 5>All right, Nathan, yankees back home after the rough weekend

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<v Speaker 5>in Boston, and thankfully Garrett Cole was on the mound

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<v Speaker 5>dominant in seven to thirty. The is allowed one run

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<v Speaker 5>only four hits, struck out eight. Clay Holmes got the

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<v Speaker 5>last five outs, so much needed a Yankee win three

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<v Speaker 5>to one over Seattle. They beat the Mariners George Kirby,

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<v Speaker 5>the Ryan native who had shut them out in a

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<v Speaker 5>recent game in Seattle, Billy McKinney to the two run

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<v Speaker 5>homer off Kirby in the second. Any Before the game,

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<v Speaker 5>Yankee g and Brian Cashman met the media to discuss

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<v Speaker 5>the Yanks' recent struggles.

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<v Speaker 10>Got a really good team. When we're flying high and

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<v Speaker 10>playing the way we're capable of right now, we haven't

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<v Speaker 10>been doing that, and so it looks bad. It feels bad,

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<v Speaker 10>It tastes bad, and no one likes losing, so so

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<v Speaker 10>I understand why the fans are upset and not happy

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<v Speaker 10>was how it's playing out.

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<v Speaker 5>Cashman said he still has belief in rookie short staff

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<v Speaker 5>Anthony Volfe, who's among many Yankees who have been struggling.

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<v Speaker 14>Mets at Houston.

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<v Speaker 5>Justin Verlanders faced his former seven Alex Bregman hit a

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<v Speaker 5>two on homer off him. The Astros one four to two,

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<v Speaker 5>of the Mets to only four hits. Didn't have a

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<v Speaker 5>base runner off Franbur Valdez until the sixth inning. They

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<v Speaker 5>didn't score until the eighth Freeway Series. Dodgers shut out

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<v Speaker 5>the Angels two nothing behind Clayton Kershaw. The Cincinnati Reds

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<v Speaker 5>last season lost one hundred games. They just won their

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<v Speaker 5>tenth game in a row, and the Giants, a five

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<v Speaker 5>hundred team last year, won their ninth straight. The ex

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<v Speaker 5>met Marcus Stroman has the lowest DRA in the National League.

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<v Speaker 5>He pitched the Cubs to a shutout win over Pittsburgh

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<v Speaker 5>and the x Yankee Aaron Hicks, who's still getting paid

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<v Speaker 5>by the Yanks. They released him with a one eighty

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<v Speaker 5>eight batting average. He had a homer four RBIs in

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<v Speaker 5>Baltimore's win at Tampa Bay. Hicks with the Orioles is

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<v Speaker 5>batting three forty. John Stashaward Bloomberg.

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<v Speaker 6>Sports from coast to coast, from New York to San Francisco,

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<v Speaker 6>Boston to Washington, DC, nationwide on Syrias XAM, the Bloomberg

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<v Speaker 6>Business appened Bloomberg dot Com. This is Bloomberg Daybreak.

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<v Speaker 4>Good morning.

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<v Speaker 3>I'm Nathan haig Well. A flurry of legal news came

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<v Speaker 3>out of Washington yesterday morning. First, we learned the trial

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<v Speaker 3>date for former President Donald Trump, in the classified documents case.

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<v Speaker 3>A federal judge set that for mid August. It was

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<v Speaker 3>also announced that the current president's son, Hunter Biden, is

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<v Speaker 3>facing tax and gun charges and reached a plea deal

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<v Speaker 3>in that case. Bloomberg's Joe Matthews spoke with former White

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<v Speaker 3>House Chief of Staff mcmulvaney on Bloomberg's sound On to

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<v Speaker 3>break down the political fallout for the current and former presidents.

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<v Speaker 3>Let's hear part of that conversation.

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<v Speaker 15>Anything short of a felony indictment of Hunter Biden was

0:11:35.400 --> 0:11:38.200
<v Speaker 15>going to be interprend by some folks as to tier.

0:11:38.360 --> 0:11:41.480
<v Speaker 15>I think it remains to be seen as to what's in,

0:11:41.720 --> 0:11:45.560
<v Speaker 15>what are the facts, what was the circumstance behind Hunter

0:11:45.559 --> 0:11:46.880
<v Speaker 15>Biden's tax issues.

0:11:47.360 --> 0:11:49.480
<v Speaker 11>Now that the German comers.

0:11:49.200 --> 0:11:51.080
<v Speaker 15>Made a really good point, which is now that we

0:11:51.120 --> 0:11:53.800
<v Speaker 15>are either at the end or moving speedily to the

0:11:53.920 --> 0:11:57.320
<v Speaker 15>end of the investigation of Hunter Biden, then the Department

0:11:57.360 --> 0:11:59.760
<v Speaker 15>of Justice no longer has an excuse.

0:11:59.440 --> 0:12:03.800
<v Speaker 11>Not to share information with Congress. So as between both

0:12:03.960 --> 0:12:08.480
<v Speaker 11>the public hearing on the plea deal and the congressional investigation,

0:12:09.080 --> 0:12:11.200
<v Speaker 11>my guess is we'll see a lot more about Hunter

0:12:11.240 --> 0:12:13.560
<v Speaker 11>Biden than we know. Right now and only then will

0:12:13.600 --> 0:12:16.720
<v Speaker 11>you be able to sort of have an informed opinion

0:12:16.760 --> 0:12:19.880
<v Speaker 11>as to a two different tiers of justice in this consum.

0:12:19.679 --> 0:12:23.080
<v Speaker 3>Does this quiet the voices of concern who thought Hunter

0:12:23.160 --> 0:12:25.680
<v Speaker 3>Biden was never going to be acknowledged here in Washington,

0:12:25.679 --> 0:12:27.319
<v Speaker 3>that this would never actually become a.

0:12:27.320 --> 0:12:30.200
<v Speaker 11>Case, Yeah, a little bit. In fact, I had some

0:12:30.240 --> 0:12:33.800
<v Speaker 11>conversations with some of my friends, by Republican friends who

0:12:33.840 --> 0:12:36.640
<v Speaker 11>are complaining about, well, they're charging Trump but they're not

0:12:36.760 --> 0:12:39.360
<v Speaker 11>charging Hunter. And then you know, say, well, okay, they

0:12:39.440 --> 0:12:42.319
<v Speaker 11>charge Hunter. He's been okay with them charging Trumpet very quiet,

0:12:42.360 --> 0:12:46.559
<v Speaker 11>very quickly. So again, whether or not it's a serious charge,

0:12:46.559 --> 0:12:48.280
<v Speaker 11>I guess we don't know yet until we see the

0:12:48.320 --> 0:12:49.080
<v Speaker 11>facts in the file.

0:12:49.440 --> 0:12:49.680
<v Speaker 4>Mick.

0:12:49.840 --> 0:12:52.760
<v Speaker 3>The idea of an August fourteen trial date the all

0:12:52.800 --> 0:12:54.960
<v Speaker 3>the while, and that might frankly be a bigger story

0:12:54.960 --> 0:12:58.000
<v Speaker 3>that's been kind of overshadowed by the Hunter headline. Do

0:12:58.040 --> 0:13:00.360
<v Speaker 3>you think a trial actually begins in August?

0:13:00.840 --> 0:13:02.720
<v Speaker 11>And no, you're not supposed to make, you know, absolute

0:13:02.760 --> 0:13:05.040
<v Speaker 11>tradictions when you're dealing with politics, and there's a lot

0:13:05.080 --> 0:13:07.360
<v Speaker 11>of politics here. But I'd be willing to bet my

0:13:07.400 --> 0:13:10.199
<v Speaker 11>house there's no trial at August fourteenth. Keep in mind,

0:13:10.240 --> 0:13:13.320
<v Speaker 11>the right to a speedy trial, which does exist under

0:13:13.360 --> 0:13:17.480
<v Speaker 11>our constitution, is possessed by the accused, not by the government.

0:13:18.320 --> 0:13:20.240
<v Speaker 11>So you know, if don Trump wants to have slowed

0:13:20.280 --> 0:13:22.440
<v Speaker 11>things down, there's going to be plenty of opportunities to do.

0:13:22.520 --> 0:13:22.600
<v Speaker 1>So.

0:13:22.600 --> 0:13:24.400
<v Speaker 11>You've made a good point about how hard it's going

0:13:24.400 --> 0:13:28.640
<v Speaker 11>to be to picking jury. I disagree with your the reporter, respectfully.

0:13:28.760 --> 0:13:30.520
<v Speaker 11>I think it's going to be very, very difficult to

0:13:30.559 --> 0:13:32.920
<v Speaker 11>pick a jury here because everybody's going to have an

0:13:32.960 --> 0:13:34.760
<v Speaker 11>opinion about it, and Donald Trump is going to be

0:13:34.760 --> 0:13:37.400
<v Speaker 11>looking for one juror who's willing to say, you know,

0:13:37.440 --> 0:13:39.280
<v Speaker 11>I don't care what he did, I'm not convicting it

0:13:39.320 --> 0:13:40.920
<v Speaker 11>because he only has to get it one person to

0:13:40.960 --> 0:13:43.240
<v Speaker 11>hold out, and the government knows that. So that's going

0:13:43.280 --> 0:13:45.240
<v Speaker 11>to take a long time. The government may try to

0:13:45.280 --> 0:13:47.199
<v Speaker 11>recuse the judge. That may take a long time. There's

0:13:47.200 --> 0:13:48.800
<v Speaker 11>going to be quite over evidence that may take a

0:13:48.840 --> 0:13:51.440
<v Speaker 11>long time. So if I'm a betting man, and I am,

0:13:51.200 --> 0:13:54.360
<v Speaker 11>I'm not betting it, August and.

0:13:54.280 --> 0:13:57.680
<v Speaker 3>I am, says Mick Mulvaney. That said, does the trial

0:13:57.760 --> 0:14:00.480
<v Speaker 3>begin before the presidential election or is that what we're

0:14:00.520 --> 0:14:03.200
<v Speaker 3>talking about here, anything to delay it past the election.

0:14:03.520 --> 0:14:05.000
<v Speaker 11>I talked to a lot of my friends who were

0:14:05.000 --> 0:14:07.000
<v Speaker 11>in the federal prosecuting business, a lot of folks who

0:14:07.080 --> 0:14:10.200
<v Speaker 11>used to do white collar criminal defense to a man

0:14:10.240 --> 0:14:12.160
<v Speaker 11>and a woman. They all thought this trial would take

0:14:12.200 --> 0:14:15.319
<v Speaker 11>place after the election. I think we're all surprised by

0:14:15.360 --> 0:14:18.080
<v Speaker 11>this announcement, at least of this early date. And whether

0:14:18.160 --> 0:14:19.760
<v Speaker 11>or not that changes the caucus, you know, i'd have

0:14:19.800 --> 0:14:22.080
<v Speaker 11>to talk to folks who've done this for twenty thirty years.

0:14:22.560 --> 0:14:24.560
<v Speaker 11>I'm not sure how Donald Trump delays it for a

0:14:24.640 --> 0:14:27.080
<v Speaker 11>year and you know, four months or whatever. But I

0:14:27.080 --> 0:14:28.720
<v Speaker 11>still think it's a better chance than not that it

0:14:28.720 --> 0:14:30.880
<v Speaker 11>comes after the election. But again, this has thrown me

0:14:30.920 --> 0:14:33.520
<v Speaker 11>a curveball al over everybody else. Seeing it's August fourteenth day.

0:14:33.600 --> 0:14:35.280
<v Speaker 3>I don't know if you saw Donald Trump and Brett

0:14:35.280 --> 0:14:38.280
<v Speaker 3>Baer on Fox News. There were some pretty remarkable moments,

0:14:38.280 --> 0:14:40.960
<v Speaker 3>and it's been suggested that some of this could be

0:14:41.080 --> 0:14:43.960
<v Speaker 3>entered as evidence in the trial, particularly as he discusses

0:14:44.520 --> 0:14:47.040
<v Speaker 3>moving the boxes around and what was in the boxes.

0:14:47.080 --> 0:14:48.520
<v Speaker 3>Here's a moment that you might have missed.

0:14:48.600 --> 0:14:49.240
<v Speaker 9>So why not just.

0:14:49.160 --> 0:14:51.920
<v Speaker 6>Hand them over then? Because I had a boxes I

0:14:51.920 --> 0:14:53.680
<v Speaker 6>want to go through the boxes and get all my

0:14:53.720 --> 0:14:55.000
<v Speaker 6>personal things out.

0:14:55.280 --> 0:14:57.040
<v Speaker 8>I don't want to hand that over to Narrow yet,

0:14:57.320 --> 0:14:57.720
<v Speaker 8>and I was.

0:14:57.800 --> 0:14:59.440
<v Speaker 2>Very busy, as you've sort of seen.

0:14:59.520 --> 0:15:02.600
<v Speaker 11>Yeah, Ords, you then tell this aid to move to

0:15:02.640 --> 0:15:05.760
<v Speaker 11>other locations after telling your lawyers to say you'd fully

0:15:05.760 --> 0:15:07.640
<v Speaker 11>complied with the subpoena when you hadn't.

0:15:07.760 --> 0:15:10.000
<v Speaker 15>But before I send boxes over, I have to take

0:15:10.040 --> 0:15:10.680
<v Speaker 15>all of my things.

0:15:10.720 --> 0:15:13.400
<v Speaker 3>Actually, the former president do damage to himself.

0:15:14.320 --> 0:15:16.960
<v Speaker 11>Yes, I was watching it. I was actually texting a

0:15:17.000 --> 0:15:19.600
<v Speaker 11>little bit with Brett Bair. You know, the interview wasn'tlive.

0:15:19.760 --> 0:15:21.600
<v Speaker 11>All I could think of is now the public sort

0:15:21.640 --> 0:15:23.600
<v Speaker 11>of gets a chance to see why so many of

0:15:23.640 --> 0:15:26.600
<v Speaker 11>Donald Trump lawyers quit because he made things much much

0:15:26.600 --> 0:15:29.160
<v Speaker 11>worse for himself. There's one thing that was It wasn't

0:15:29.200 --> 0:15:30.680
<v Speaker 11>in the segment you just picked up, but it was

0:15:31.280 --> 0:15:33.400
<v Speaker 11>right about the same time where he said. Rhett asked

0:15:33.480 --> 0:15:35.880
<v Speaker 11>him about the papers that he held up on the

0:15:35.960 --> 0:15:38.040
<v Speaker 11>audio tape, and Trump said, there was nothing there. There

0:15:38.040 --> 0:15:39.880
<v Speaker 11>was nothing there. It was just a was newspaper clippings,

0:15:39.880 --> 0:15:43.000
<v Speaker 11>stuff attending like it was famous or be classified.

0:15:43.000 --> 0:15:43.400
<v Speaker 8>But it's not.

0:15:43.840 --> 0:15:46.360
<v Speaker 11>In order to make that defense, he has to testify,

0:15:47.400 --> 0:15:49.760
<v Speaker 11>and I can guarantee you that Donald Trump is not

0:15:49.880 --> 0:15:53.480
<v Speaker 11>testifying in this case, so that that is going to

0:15:53.520 --> 0:15:56.160
<v Speaker 11>be used against him. Most of a lot of that

0:15:56.240 --> 0:15:59.320
<v Speaker 11>video would be used against him.

0:15:59.360 --> 0:16:02.280
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