1 00:00:01,680 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg's Sound on 2 00:00:07,000 --> 00:00:10,280 Speaker 1: the counter offensive that Ukraine is put in place is 3 00:00:10,400 --> 00:00:13,720 Speaker 1: now underway, and this is the miscalculation that Vladimir Putin 4 00:00:13,760 --> 00:00:16,759 Speaker 1: has made. It was one thing to stop the Russians, 5 00:00:16,760 --> 00:00:20,320 Speaker 1: it's another thing to push them back. Bloomberg Sound on Politics, 6 00:00:20,360 --> 00:00:24,040 Speaker 1: Policy and Perspective from DC's top Names. I think we're 7 00:00:24,040 --> 00:00:26,480 Speaker 1: gonna hold the house. I think we're gonna expand our membership. 8 00:00:26,520 --> 00:00:28,760 Speaker 1: You're going to see the single most important thing that 9 00:00:28,960 --> 00:00:31,920 Speaker 1: changes in America's We're gonna cure cancer. We choose to 10 00:00:32,040 --> 00:00:34,880 Speaker 1: go to the moon and distinctate and do the other thing, 11 00:00:35,479 --> 00:00:38,600 Speaker 1: not because they are easy, but because they are odd. 12 00:00:38,600 --> 00:00:44,599 Speaker 1: Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Russia 13 00:00:44,840 --> 00:00:47,639 Speaker 1: is on the run in Ukraine. Welcome to the fastest 14 00:00:47,640 --> 00:00:51,880 Speaker 1: hour in politics, as Ukraine's forces continue their counter offensive 15 00:00:52,400 --> 00:00:55,920 Speaker 1: with the biggest battlefield victory now since March. We'll talk 16 00:00:55,960 --> 00:00:58,560 Speaker 1: more about what is unfolding and how the US can 17 00:00:58,600 --> 00:01:02,040 Speaker 1: help with Matthew Craine, acting Director of the Skull Crofts 18 00:01:02,080 --> 00:01:05,920 Speaker 1: Center for Strategy and Security at the Atlantic Council. Democrats 19 00:01:05,959 --> 00:01:09,199 Speaker 1: push back on Joe Manchon's energy permitting bill. It's getting 20 00:01:09,200 --> 00:01:12,920 Speaker 1: complicated as lawmakers get back in the bubble, but is 21 00:01:12,959 --> 00:01:15,480 Speaker 1: it too late to make any changes. House Majority Leader 22 00:01:15,520 --> 00:01:18,640 Speaker 1: Stanny Hoyer speaks to Bloomberg about it, and we'll have 23 00:01:18,680 --> 00:01:21,520 Speaker 1: the latest from Capitol Hill with analysis from our panel. 24 00:01:21,520 --> 00:01:25,679 Speaker 1: Bloomberg Politics contributors Rick Davis and Jenny Schanzano are with 25 00:01:25,840 --> 00:01:28,560 Speaker 1: us for the hour. The counter offensive in Ukraine that 26 00:01:28,600 --> 00:01:30,920 Speaker 1: we told you about last week continues at a clip 27 00:01:30,959 --> 00:01:34,320 Speaker 1: that is surprising a lot of military experts. Two hundred 28 00:01:34,400 --> 00:01:36,360 Speaker 1: days into the war. The headline on the terminal is 29 00:01:36,440 --> 00:01:42,600 Speaker 1: Russian defenses crumble as Ukraine takes key territory. Things are changing. 30 00:01:43,360 --> 00:01:46,800 Speaker 1: Ukraine's top commanders says they've recovered over even square miles 31 00:01:46,800 --> 00:01:49,880 Speaker 1: now a territory since the start of September. Today's the 32 00:01:49,920 --> 00:01:54,440 Speaker 1: twelve and that represents the biggest victory for Ukraine since 33 00:01:54,440 --> 00:01:57,360 Speaker 1: they managed to push Russian troops out of Kiev in March. 34 00:01:58,200 --> 00:02:02,240 Speaker 1: Ukraine's chief diplomatic advis you're speaking today with Bloomberg Ihor 35 00:02:02,440 --> 00:02:06,960 Speaker 1: Chauvka about what's driving this progress here. He is due 36 00:02:06,960 --> 00:02:09,560 Speaker 1: to the strangle of the Ukrainian armed forces due to 37 00:02:09,600 --> 00:02:12,480 Speaker 1: the mastery of Ubrainian soldiers. But this is also due 38 00:02:12,639 --> 00:02:16,560 Speaker 1: right you are, to the heavy weaponry Ukrand started to 39 00:02:16,639 --> 00:02:21,640 Speaker 1: receive for the last practically weeks or months. This is 40 00:02:21,639 --> 00:02:23,320 Speaker 1: what we didn't have at the beginning of the war. 41 00:02:23,400 --> 00:02:26,240 Speaker 1: But this is what we didn't have unfortunately before the war. 42 00:02:26,680 --> 00:02:29,440 Speaker 1: Right now we are starting to have it. But definitely, 43 00:02:29,480 --> 00:02:32,160 Speaker 1: if you're asking me what it is enough, definitely not 44 00:02:32,800 --> 00:02:35,760 Speaker 1: definitely not enough, but it is what has brought them 45 00:02:35,760 --> 00:02:39,799 Speaker 1: this far, not only their own grit, their own willingness 46 00:02:39,800 --> 00:02:44,400 Speaker 1: to fight in Ukraine, but the hardware that we are sending, 47 00:02:44,600 --> 00:02:46,840 Speaker 1: and to his point, it's gotten to be a lot 48 00:02:46,880 --> 00:02:51,040 Speaker 1: more effective. Recently, you had another headline though Russia strikes 49 00:02:51,080 --> 00:02:53,840 Speaker 1: power plants, vowing to counter Ukraine's advance. This is what 50 00:02:53,880 --> 00:02:57,240 Speaker 1: we're getting in return. Here they hit power plants with 51 00:02:57,320 --> 00:03:02,520 Speaker 1: precision missiles, causing blackouts across the northeast of the country. 52 00:03:02,800 --> 00:03:05,520 Speaker 1: White House Press Secretary Karine Jean Pierre on Air Force 53 00:03:05,560 --> 00:03:07,760 Speaker 1: one on their way to Boston today, speaking to that 54 00:03:07,840 --> 00:03:10,800 Speaker 1: side of the story. We condemn Russia's air strikes on 55 00:03:10,960 --> 00:03:15,000 Speaker 1: Ukraine's critical infrastructure. To your question, leaving people in several 56 00:03:15,040 --> 00:03:18,080 Speaker 1: cities without power and clean water. We will continue to 57 00:03:18,080 --> 00:03:22,480 Speaker 1: support Ukraine as it defends itself and hold Russia accountable 58 00:03:22,520 --> 00:03:26,400 Speaker 1: for its war against Ukraine. And there are worries, as 59 00:03:26,440 --> 00:03:30,840 Speaker 1: we heard earlier today on Bloomberg from Leon Panetta about 60 00:03:30,880 --> 00:03:35,680 Speaker 1: exactly you know what a cornered Vladimir Putin is capable of. 61 00:03:36,000 --> 00:03:39,160 Speaker 1: And we don't necessarily want to use our imagination. You 62 00:03:39,200 --> 00:03:41,480 Speaker 1: don't really need to with some of the threats that 63 00:03:41,480 --> 00:03:43,560 Speaker 1: have been made. That's where we begin our conversation today 64 00:03:43,600 --> 00:03:46,920 Speaker 1: with Matthew Cranei, Deputy Director, Acting Director of the Skull 65 00:03:46,960 --> 00:03:51,400 Speaker 1: Crofts Center for Strategy and Security at the Atlantic Council. Matthew, 66 00:03:51,440 --> 00:03:53,800 Speaker 1: it's great to have you with us. Uh. Do you 67 00:03:53,840 --> 00:03:58,000 Speaker 1: agree with the Diplomatic Advisor Chouf quote we just heard 68 00:03:58,040 --> 00:04:02,920 Speaker 1: from on what's actually driving this advance? Right now? There 69 00:04:02,920 --> 00:04:07,520 Speaker 1: are stories about Russia actually Russian troops dropping their rifles 70 00:04:07,520 --> 00:04:11,040 Speaker 1: and running. As President Zelinski said, the Russians are panicking. 71 00:04:11,120 --> 00:04:14,600 Speaker 1: Is that how you see it? Yes? I think there 72 00:04:14,600 --> 00:04:18,000 Speaker 1: are a number of factors driving this Ukrainian counter offensive. 73 00:04:18,440 --> 00:04:21,680 Speaker 1: One is the better weapons the United States has provided 74 00:04:21,680 --> 00:04:24,880 Speaker 1: in recent weeks. Another big one is just moral. The 75 00:04:24,960 --> 00:04:28,400 Speaker 1: Ukrainians are fighting to defend their homelands to defend their 76 00:04:28,440 --> 00:04:32,200 Speaker 1: their neighborhoods. The Russians are being forced into this five 77 00:04:32,200 --> 00:04:34,200 Speaker 1: weaponoming or Putin, and so I think that difference than 78 00:04:34,240 --> 00:04:37,640 Speaker 1: morale is also making a huge difference that was already 79 00:04:37,680 --> 00:04:39,520 Speaker 1: in place though, of course, and this has been going 80 00:04:39,560 --> 00:04:41,840 Speaker 1: on for six months. What is it now that seems 81 00:04:41,839 --> 00:04:44,599 Speaker 1: to be if if not only the fact that they've 82 00:04:44,640 --> 00:04:48,359 Speaker 1: got more capable hardware to make a breakthrough six months 83 00:04:48,360 --> 00:04:50,719 Speaker 1: in like this, or does it speak more Matthew to 84 00:04:50,760 --> 00:04:54,600 Speaker 1: the state of the of the Russian military. Well, it 85 00:04:54,680 --> 00:04:57,000 Speaker 1: is both. But on on the Russian side, you've had 86 00:04:57,000 --> 00:05:01,080 Speaker 1: a number of generals killed in the fields. Uh. You know, 87 00:05:01,120 --> 00:05:04,280 Speaker 1: they have a top down style military where low level 88 00:05:04,320 --> 00:05:07,280 Speaker 1: officers don't take initiatives, so the generals have to go 89 00:05:07,320 --> 00:05:09,240 Speaker 1: out in the field. But that means they're getting killed 90 00:05:09,240 --> 00:05:11,960 Speaker 1: in fairly large numbers. So you have some of these 91 00:05:11,960 --> 00:05:16,000 Speaker 1: young Russian troops without leadership, low morale. They're not getting 92 00:05:16,400 --> 00:05:20,240 Speaker 1: resupplies because of some of the Ukrainian attacks behind the lines, 93 00:05:20,640 --> 00:05:25,480 Speaker 1: so they're literally turning and running. That's right, that's right. 94 00:05:26,040 --> 00:05:28,479 Speaker 1: The colleague of mine tweeted recently at the beginning of 95 00:05:28,520 --> 00:05:30,520 Speaker 1: this conflict, the links he said, I don't need a 96 00:05:30,640 --> 00:05:33,440 Speaker 1: ride I need ammunition. You know, now the Russians are 97 00:05:33,520 --> 00:05:35,760 Speaker 1: essentially saying the the opposite. There's a lot of them 98 00:05:35,800 --> 00:05:37,599 Speaker 1: are looking for a ride out there looking for a 99 00:05:37,720 --> 00:05:40,520 Speaker 1: ride out. Matthew, that's quite a line to consider where 100 00:05:40,520 --> 00:05:45,760 Speaker 1: we are after this much time. Uh. The message we 101 00:05:45,880 --> 00:05:49,400 Speaker 1: just heard from from e hoor Choukoo was we need 102 00:05:49,520 --> 00:05:52,760 Speaker 1: a lot more. Are we prepared with the most recent 103 00:05:52,800 --> 00:05:55,279 Speaker 1: draw downs that you've seen to continue this flow of 104 00:05:55,320 --> 00:05:59,160 Speaker 1: weapons or does it need to increase. I think it 105 00:05:59,240 --> 00:06:02,000 Speaker 1: should increase in several ways. I think the United States 106 00:06:02,040 --> 00:06:06,560 Speaker 1: has eventually provided UM weapons the Ukrainians need, but it's 107 00:06:06,560 --> 00:06:08,800 Speaker 1: been a little bit slow. And I think the two 108 00:06:08,839 --> 00:06:11,320 Speaker 1: things we should be providing now that we really haven't 109 00:06:11,400 --> 00:06:15,000 Speaker 1: yet are so called attack of missiles UM. So the 110 00:06:15,440 --> 00:06:18,200 Speaker 1: high Mars missiles that we've rockets that we've provided have 111 00:06:18,240 --> 00:06:21,159 Speaker 1: a range of about fifty miles. Attack thems have a 112 00:06:21,240 --> 00:06:23,720 Speaker 1: range of about two hundred miles. That would allow the 113 00:06:23,800 --> 00:06:28,400 Speaker 1: Ukrainians to strike deeper into Russian held Ukrainian territory. And 114 00:06:28,440 --> 00:06:31,360 Speaker 1: then second is air defenses to be able to shoot 115 00:06:31,360 --> 00:06:35,320 Speaker 1: down the kind of Russian missiles that you talked about 116 00:06:35,320 --> 00:06:37,479 Speaker 1: at the start of your show, that are attacking Ukrainian 117 00:06:37,520 --> 00:06:40,760 Speaker 1: power plants and shoot down Russian plane. So I think 118 00:06:40,760 --> 00:06:42,520 Speaker 1: those are two things we could provide that would really 119 00:06:42,800 --> 00:06:45,520 Speaker 1: help the Ukrainian Would that cross the line into so 120 00:06:45,600 --> 00:06:49,120 Speaker 1: called offensive weaponry the line that the Biden administration has 121 00:06:49,240 --> 00:06:54,279 Speaker 1: has been afraid to cross, Well, the Biden administration has already, 122 00:06:54,520 --> 00:06:56,159 Speaker 1: you know, at the beginning of this war, they were 123 00:06:56,640 --> 00:06:59,320 Speaker 1: very cautious. Slowly they've been willing to provide more and 124 00:06:59,320 --> 00:07:03,000 Speaker 1: more weaponry. And I think the lesson for me is 125 00:07:03,040 --> 00:07:07,839 Speaker 1: that we were probably too conscious about worries about Russian escalation, 126 00:07:08,240 --> 00:07:10,200 Speaker 1: and so I do think we could provide things like 127 00:07:10,600 --> 00:07:15,840 Speaker 1: attack coms without worry about major Russian Russian escalation. It 128 00:07:15,920 --> 00:07:18,640 Speaker 1: doesn't we wouldn't be used, in other words, to attack 129 00:07:18,760 --> 00:07:21,720 Speaker 1: Russian territory. That that's sort of the line that we've 130 00:07:21,760 --> 00:07:24,280 Speaker 1: been hearing about in Washington. Are those capable of going 131 00:07:24,360 --> 00:07:27,480 Speaker 1: further into Russia to create enough of a of an 132 00:07:27,560 --> 00:07:32,280 Speaker 1: issue that that would be seen as escalatory? Well, you know, 133 00:07:32,400 --> 00:07:35,720 Speaker 1: even the High Mars, depending on where they're located, could 134 00:07:35,720 --> 00:07:39,000 Speaker 1: strike into Russian territory and and so yes, there is 135 00:07:39,040 --> 00:07:41,760 Speaker 1: more of a risk. I guess that the Ukrainians could 136 00:07:41,920 --> 00:07:44,800 Speaker 1: be tempted to strike keeper um into Russia, but they 137 00:07:44,800 --> 00:07:49,080 Speaker 1: would also give the Ukrainians to strike into Crimea other 138 00:07:49,120 --> 00:07:52,040 Speaker 1: parts of the Dawn Boss that they can't currently can't 139 00:07:52,040 --> 00:07:55,160 Speaker 1: currently hit. Well, I'll tell you what, Matthew. I see 140 00:07:55,200 --> 00:07:58,440 Speaker 1: the headline on the terminal today, Ukraine's success stor once 141 00:07:58,640 --> 00:08:03,440 Speaker 1: unthinkable hope of beating Russia. President Zelenski has said he 142 00:08:03,480 --> 00:08:05,240 Speaker 1: wants this war to be done by the end of 143 00:08:05,240 --> 00:08:07,720 Speaker 1: the year. Is this starting to come together or is this, 144 00:08:08,320 --> 00:08:10,760 Speaker 1: you know, a brief period of time where they're they're 145 00:08:10,760 --> 00:08:15,200 Speaker 1: winning the battle but still could lose the war. I 146 00:08:15,200 --> 00:08:18,000 Speaker 1: think it is a remarkable turning point. And just a 147 00:08:18,000 --> 00:08:20,320 Speaker 1: couple of weeks ago people were saying the battle lines 148 00:08:20,360 --> 00:08:22,760 Speaker 1: are static, the Ukrainians are going to have to give 149 00:08:22,840 --> 00:08:25,360 Speaker 1: up territory if they want peace. Now we see that 150 00:08:25,360 --> 00:08:28,320 Speaker 1: that's not true. The Ukrainians are turning the tide um. 151 00:08:28,520 --> 00:08:30,400 Speaker 1: I hate to be a pessimist, but I think that 152 00:08:30,840 --> 00:08:34,040 Speaker 1: it's going to be difficult for the Ukrainians to repeat 153 00:08:34,080 --> 00:08:37,320 Speaker 1: the kind of rapid advances they made this weekend. I 154 00:08:37,400 --> 00:08:40,040 Speaker 1: do suspect that some of the places where the Russians 155 00:08:40,040 --> 00:08:43,880 Speaker 1: are more dug In like Crimea, like the eastern parts 156 00:08:43,880 --> 00:08:45,400 Speaker 1: of the Dawn Boss, is going to be harder for 157 00:08:45,400 --> 00:08:48,480 Speaker 1: the Ukrainians to push them out. So unfortunately, I think 158 00:08:48,480 --> 00:08:52,319 Speaker 1: this conflict could content continue well into next year. We 159 00:08:52,360 --> 00:08:54,920 Speaker 1: should note this progress has been in the Karkiev region. 160 00:08:55,440 --> 00:08:57,920 Speaker 1: Uh certainly the case where they were moving the most 161 00:08:58,320 --> 00:09:00,920 Speaker 1: over the weekend and on Sunday. Um. I know you're 162 00:09:00,920 --> 00:09:04,200 Speaker 1: not an energy analyst, Matthew, but we've seen ninety days 163 00:09:04,360 --> 00:09:07,000 Speaker 1: or more at this point of falling gas prices. Crude 164 00:09:07,000 --> 00:09:10,160 Speaker 1: oil prices have also been lower in the market. Seems 165 00:09:10,200 --> 00:09:12,880 Speaker 1: to be reading into this as good news. Is the 166 00:09:12,920 --> 00:09:17,160 Speaker 1: market getting a little ahead of itself. I think it 167 00:09:17,280 --> 00:09:19,480 Speaker 1: may be getting a little bit of ahead of itself. 168 00:09:19,520 --> 00:09:21,200 Speaker 1: If they're betting that this war is going to be 169 00:09:21,280 --> 00:09:25,280 Speaker 1: over soon, I think that's a little bit optimistic. I 170 00:09:25,320 --> 00:09:28,040 Speaker 1: think that momentum is on the Ukrainian side now that 171 00:09:28,080 --> 00:09:31,240 Speaker 1: the Russians Alrea demoralized in that matters, But there's still 172 00:09:31,559 --> 00:09:34,080 Speaker 1: a lot of territory that the Russians are holding in Ukraine. 173 00:09:34,200 --> 00:09:36,280 Speaker 1: Is going to be difficult for the Ukrainians to push 174 00:09:36,320 --> 00:09:38,719 Speaker 1: them out of all of it. And Zelinski says that's 175 00:09:38,800 --> 00:09:41,720 Speaker 1: the goal to take all of it back, including CRIMEA 176 00:09:42,559 --> 00:09:46,000 Speaker 1: Our ambassador to Ukraine, the US Ambassador Bridget Brink, accused 177 00:09:46,040 --> 00:09:48,680 Speaker 1: Russia in a tweet of sending missiles to attempt to 178 00:09:48,679 --> 00:09:52,959 Speaker 1: destroy critical civilian infrastructure. As we know, they were firing 179 00:09:53,120 --> 00:09:56,760 Speaker 1: at power plants and they did cause blackouts. If Vladimir 180 00:09:56,800 --> 00:10:01,120 Speaker 1: Putin continues to not only lose ground but lose the 181 00:10:01,200 --> 00:10:04,800 Speaker 1: public relations war, he's hearing about this in Russia now 182 00:10:04,840 --> 00:10:06,640 Speaker 1: in a way that he did not want to be. 183 00:10:06,720 --> 00:10:10,480 Speaker 1: Of course people are hearing about this. Uh. Does that 184 00:10:10,559 --> 00:10:14,480 Speaker 1: mean more attacks on civilians, on infrastructure, more of what 185 00:10:14,520 --> 00:10:19,800 Speaker 1: we saw yesterday? Well? I think for Putin, desperate times 186 00:10:19,840 --> 00:10:23,920 Speaker 1: call for desperate measures. And really since the first lightning 187 00:10:23,920 --> 00:10:28,319 Speaker 1: strike on Kiev failed, he has been turning to targeting 188 00:10:28,720 --> 00:10:31,400 Speaker 1: innocent civilians and so I think the strike on a 189 00:10:31,400 --> 00:10:34,440 Speaker 1: power plant is another example of that, and I do 190 00:10:34,559 --> 00:10:39,280 Speaker 1: worry about further escalation. Uh. Ukrainians continue to win. Does 191 00:10:39,480 --> 00:10:44,320 Speaker 1: Putency using chemical, biological, or even nuclear weapons to try 192 00:10:44,360 --> 00:10:47,880 Speaker 1: to save defeat, save off defeat more attractive to him 193 00:10:47,880 --> 00:10:51,760 Speaker 1: than losing in a humiliating fashion. The threat has already 194 00:10:51,760 --> 00:10:56,520 Speaker 1: been made, So a cornered Vladimir Putin is what obviously 195 00:10:56,559 --> 00:11:00,760 Speaker 1: worries you the most. Matthew, Well, I don't know that 196 00:11:00,800 --> 00:11:02,920 Speaker 1: it worries me the most, but it does worry me. 197 00:11:02,960 --> 00:11:05,800 Speaker 1: It Russia has this kind of scary escalate to de 198 00:11:05,920 --> 00:11:09,440 Speaker 1: escalate nuclear strategy that essentially they say, to avoid losing 199 00:11:09,440 --> 00:11:13,319 Speaker 1: a war, they would use nuclear weapons, relatively low yield 200 00:11:13,320 --> 00:11:17,280 Speaker 1: battlefield nuclear weapons, maybe one, two three at a time 201 00:11:17,679 --> 00:11:21,079 Speaker 1: to try to scare off the adversary. Uh and so 202 00:11:21,160 --> 00:11:23,320 Speaker 1: this is part of their doctrine. They have the nuclear 203 00:11:23,360 --> 00:11:26,400 Speaker 1: weapons to do that. And so I've talked to colleagues 204 00:11:26,440 --> 00:11:28,839 Speaker 1: in the Biden administration who say that this is a 205 00:11:28,960 --> 00:11:31,440 Speaker 1: top priority of there is. Now, how do you deter 206 00:11:31,640 --> 00:11:35,480 Speaker 1: Putin from using these w m D as the Ukrainian 207 00:11:35,520 --> 00:11:39,160 Speaker 1: counter offensive immutinues to succeed. You do not believe that 208 00:11:39,160 --> 00:11:43,559 Speaker 1: the Russian military is on the verge of collapse. I 209 00:11:44,040 --> 00:11:46,040 Speaker 1: wish I could say that. I I think that the 210 00:11:46,120 --> 00:11:49,640 Speaker 1: Ukrainians have the momentum the likely take back more territory. 211 00:11:49,679 --> 00:11:51,880 Speaker 1: But I think it's hard for me to imagine the 212 00:11:51,960 --> 00:11:57,160 Speaker 1: Russian military completely collapsing in Ukraine's very in the short term. 213 00:11:57,600 --> 00:12:01,600 Speaker 1: Appreciate your insights, Matthe Ukrainie death pity Director, Acting Director, 214 00:12:01,640 --> 00:12:04,359 Speaker 1: I should say of the skull Croft Center for Strategy 215 00:12:04,720 --> 00:12:07,679 Speaker 1: and Security at the Atlantic Council, that gets us started 216 00:12:07,720 --> 00:12:10,200 Speaker 1: on the fastest hour. A lot happened over the weekend, 217 00:12:11,280 --> 00:12:14,359 Speaker 1: but of course, as Matthew suggests, it may not continue 218 00:12:14,480 --> 00:12:17,120 Speaker 1: for long, and as we'll discuss ahead with our panel, 219 00:12:18,040 --> 00:12:21,160 Speaker 1: Vladimir Putin could change the game in any number of ways. 220 00:12:21,280 --> 00:12:24,080 Speaker 1: Rick Davis, Genie Chanzano on the way in next, this 221 00:12:24,320 --> 00:12:30,400 Speaker 1: is Bloomberg. You're listening to Bloomberg. You sound on with 222 00:12:30,520 --> 00:12:36,760 Speaker 1: Joe Matthew on Bloomberg Radio. The stripes Ukraine is making 223 00:12:36,840 --> 00:12:40,360 Speaker 1: in its counter offensive are impressive, as I mentioned, stunning. 224 00:12:40,440 --> 00:12:43,480 Speaker 1: Even a lot of military experts in some worry though 225 00:12:43,520 --> 00:12:46,520 Speaker 1: that the more ground they take, the faster this goes, 226 00:12:47,480 --> 00:12:50,560 Speaker 1: the more dangerous it could make the situation with regard 227 00:12:50,720 --> 00:12:53,680 Speaker 1: to Vladimir Putin, who's gonna want to respond at some 228 00:12:53,880 --> 00:12:57,760 Speaker 1: point here uh and make a point among those expressing 229 00:12:57,800 --> 00:13:00,800 Speaker 1: that worry today on Bloomberg Now and other than the 230 00:13:00,920 --> 00:13:04,600 Speaker 1: former Secretary of Defense, former CIA director Leon Panetta, he 231 00:13:04,679 --> 00:13:07,640 Speaker 1: was on Balance of Power with David Weston Listen. It's 232 00:13:07,720 --> 00:13:13,320 Speaker 1: dangerous because Putin, if he's boxed in obviously will have 233 00:13:13,440 --> 00:13:16,680 Speaker 1: to strike back. There are Russians who are criticizing him 234 00:13:16,720 --> 00:13:20,880 Speaker 1: now in Moscow because of this retreat that's taken place. 235 00:13:21,640 --> 00:13:24,320 Speaker 1: And the real issue is whether Putin now strikes back. 236 00:13:24,360 --> 00:13:28,680 Speaker 1: He already has hit back on the infrastructure, whether he 237 00:13:28,800 --> 00:13:32,800 Speaker 1: resorts to U two more uh, you know, including the 238 00:13:32,840 --> 00:13:37,760 Speaker 1: possibility of battlefield nuclear all of that creates a dangerous 239 00:13:37,800 --> 00:13:43,880 Speaker 1: moment here. Battlefield nuclear retreat another word he used there 240 00:13:44,080 --> 00:13:48,040 Speaker 1: and of course boxed in, as Vladimir Putin may well 241 00:13:48,080 --> 00:13:50,520 Speaker 1: feel today as we assembled our panel for their take. 242 00:13:51,080 --> 00:13:55,640 Speaker 1: Jeanie Schanzano is here and Rick Davis Bloomberg Politics contributors, Rick, 243 00:13:55,720 --> 00:13:57,800 Speaker 1: does that make you feel uneasy? The idea of the 244 00:13:57,840 --> 00:14:00,240 Speaker 1: Vladimir Putince being made fun of? Is that not most 245 00:14:00,320 --> 00:14:04,080 Speaker 1: dangerous scenario you can come up with? Well? You know, 246 00:14:04,160 --> 00:14:06,120 Speaker 1: I look, I don't know how much is being made 247 00:14:06,120 --> 00:14:09,200 Speaker 1: fun of or just losing right. I mean, Vladimir Putin 248 00:14:09,280 --> 00:14:11,600 Speaker 1: has this has been a disaster for him. This is 249 00:14:11,640 --> 00:14:14,200 Speaker 1: not at all what he had planned. Uh. And it's 250 00:14:14,200 --> 00:14:16,560 Speaker 1: not been that way for six months. So with all 251 00:14:16,600 --> 00:14:20,560 Speaker 1: due respect to these experts, um, everyone has had it 252 00:14:20,600 --> 00:14:23,960 Speaker 1: wrong all along. I know very few people who have said, 253 00:14:24,160 --> 00:14:26,800 Speaker 1: oh no, this is the way that the Ukrainians are 254 00:14:26,800 --> 00:14:29,360 Speaker 1: going to be able to not just hold their own territory, 255 00:14:29,440 --> 00:14:34,040 Speaker 1: but reg regain territory along the way. So I if 256 00:14:34,080 --> 00:14:36,240 Speaker 1: there's one person who I wouldn't want to piss off, 257 00:14:36,720 --> 00:14:39,920 Speaker 1: it's Zelensky, not Putin. I mean, like that guy's he's 258 00:14:39,920 --> 00:14:43,760 Speaker 1: fighting for his life, if he's showing incredible resolve, and 259 00:14:43,840 --> 00:14:48,120 Speaker 1: he is right now the different maker in liberal democracies 260 00:14:48,160 --> 00:14:51,040 Speaker 1: around the world and their acceptability in the eyes of 261 00:14:51,080 --> 00:14:53,520 Speaker 1: so many people. And if I had to draw a 262 00:14:53,600 --> 00:14:56,160 Speaker 1: contrast as to who I am worried about, I'm more 263 00:14:56,200 --> 00:14:59,040 Speaker 1: worried about making sure Zelensky has what he needs to 264 00:14:59,080 --> 00:15:03,240 Speaker 1: do the job he which has been underestimated by the 265 00:15:03,400 --> 00:15:06,520 Speaker 1: entire Western world all along the way. So let's give 266 00:15:06,600 --> 00:15:08,640 Speaker 1: him the weapons he wants, let's give him the rope, 267 00:15:08,920 --> 00:15:11,520 Speaker 1: and let's and let's keep our focus on Putin to 268 00:15:11,520 --> 00:15:15,520 Speaker 1: make sure he if he does any of these crazy things, uh, 269 00:15:15,680 --> 00:15:18,760 Speaker 1: then then he's properly punished in the process. How do 270 00:15:18,840 --> 00:15:22,840 Speaker 1: you do that, Geniu? For talking about a bio weapons 271 00:15:22,880 --> 00:15:27,120 Speaker 1: attack or battlefield nuclear to the extent that Leon Panetta 272 00:15:27,160 --> 00:15:31,200 Speaker 1: is talking about here, things get get pretty scary. The 273 00:15:31,240 --> 00:15:34,800 Speaker 1: more desperate he gets, they do. And I think Matt 274 00:15:34,800 --> 00:15:37,360 Speaker 1: and you were right in that discussion you had previously 275 00:15:37,400 --> 00:15:41,680 Speaker 1: about being cautious. You know, Russia already responded in a 276 00:15:41,760 --> 00:15:44,600 Speaker 1: way it hadn't in the last seven months with this 277 00:15:44,680 --> 00:15:49,280 Speaker 1: attack on critical infrastructure. It left Karkiev in a total blackout, 278 00:15:49,320 --> 00:15:52,640 Speaker 1: two fifty miles from north to south with no electricity, 279 00:15:53,040 --> 00:15:56,000 Speaker 1: and that may just be the beginning, as you mentioned, 280 00:15:56,280 --> 00:15:59,520 Speaker 1: of some of the reaction Putin has to being cornered 281 00:15:59,560 --> 00:16:02,280 Speaker 1: like this, And you know, you add on to that 282 00:16:02,760 --> 00:16:08,360 Speaker 1: what President Zelinski has been saying. His goal is complete deoccupation, 283 00:16:08,600 --> 00:16:12,520 Speaker 1: including the gains made since. So you've got I WI 284 00:16:12,640 --> 00:16:16,560 Speaker 1: imagine how Vladimir Putin here's that and he says, we 285 00:16:16,640 --> 00:16:20,920 Speaker 1: have ninety days to solve thirty years of Ukrainian independence. Wow, 286 00:16:21,320 --> 00:16:24,240 Speaker 1: So they have a lot on their shoulders. Even military 287 00:16:24,280 --> 00:16:28,920 Speaker 1: folks are saying, as far as the Ukrainian soldiers are concerned, 288 00:16:29,400 --> 00:16:33,040 Speaker 1: you know, there is a real concern that they are 289 00:16:33,400 --> 00:16:36,840 Speaker 1: spread too thin at some point with everything they've got 290 00:16:36,880 --> 00:16:38,800 Speaker 1: on their plate, and there is some kind of burnout 291 00:16:38,800 --> 00:16:41,720 Speaker 1: at some point, so that the reality is this is 292 00:16:41,760 --> 00:16:44,520 Speaker 1: still a hard fought battle and Putin may yet come 293 00:16:44,560 --> 00:16:47,960 Speaker 1: back really hard Rick. We talked so much about hardware 294 00:16:48,160 --> 00:16:50,720 Speaker 1: in terms of what Ukraine is getting from the U 295 00:16:50,800 --> 00:16:52,800 Speaker 1: S and what it needs. How about in terms of 296 00:16:52,960 --> 00:16:56,800 Speaker 1: intelligence sharing? Two? To what extent and how important is 297 00:16:56,840 --> 00:17:00,560 Speaker 1: that that the Pentagon is helping Ukraine when it comes 298 00:17:00,560 --> 00:17:06,520 Speaker 1: to intelligence in the battlefield. Well, there's a lot of 299 00:17:06,560 --> 00:17:09,720 Speaker 1: open source reporting right now over the fact that the 300 00:17:09,800 --> 00:17:14,720 Speaker 1: United States and its intelligence operations have been able to 301 00:17:15,160 --> 00:17:21,240 Speaker 1: assist uh the Ukrainians, and not just the the assault 302 00:17:21,280 --> 00:17:24,600 Speaker 1: that they've now made on the Russian forces, but also 303 00:17:24,680 --> 00:17:26,840 Speaker 1: in the planning of that. In other words, all this 304 00:17:26,880 --> 00:17:29,240 Speaker 1: has been you know, of being worked on for quite 305 00:17:29,280 --> 00:17:33,080 Speaker 1: some time. And the fact that our intelligence assets have 306 00:17:33,200 --> 00:17:36,960 Speaker 1: been used to help them facilitate the right targets, the 307 00:17:37,040 --> 00:17:40,080 Speaker 1: right you know, place and time to strike. I think 308 00:17:40,119 --> 00:17:42,480 Speaker 1: it's fantastic. I mean, you know, this is a This 309 00:17:42,600 --> 00:17:46,400 Speaker 1: may be one of the undersung heroes of our cooperation 310 00:17:46,520 --> 00:17:48,800 Speaker 1: with them. Not just the armaments, because you're right, you know, 311 00:17:48,800 --> 00:17:50,600 Speaker 1: there's a limit to what you can do with those, 312 00:17:51,320 --> 00:17:55,119 Speaker 1: but our intelligence community seems to have been really rising 313 00:17:55,160 --> 00:17:57,400 Speaker 1: to the occasion and by the way, have been right 314 00:17:57,480 --> 00:18:00,320 Speaker 1: about Vladimir Putin. All along. I hate to say everybody 315 00:18:00,359 --> 00:18:02,680 Speaker 1: was wrong. They were right. They said he was gonna attack. 316 00:18:02,960 --> 00:18:04,840 Speaker 1: They said he was gonna, you know, roll those tanks 317 00:18:04,880 --> 00:18:07,080 Speaker 1: across the border when nobody else seemed to think they would. 318 00:18:07,600 --> 00:18:10,680 Speaker 1: So kudos to them, I would say Vladimir Putin is 319 00:18:10,680 --> 00:18:12,919 Speaker 1: probably the greatest gift that keeps on giving to the 320 00:18:13,000 --> 00:18:16,760 Speaker 1: Ukrainians because in this assault they are collecting thousands of 321 00:18:16,840 --> 00:18:19,800 Speaker 1: rounds of ammunition that worked perfectly well with their Soviet 322 00:18:19,880 --> 00:18:23,680 Speaker 1: style weapons, and so you know, even in retreat, Vladimir 323 00:18:23,720 --> 00:18:27,000 Speaker 1: Putin is actually helping Ukrainians along the way. Well, god 324 00:18:27,000 --> 00:18:29,680 Speaker 1: knows they can use that as well, Genie. In terms 325 00:18:29,720 --> 00:18:32,440 Speaker 1: of our intelligence, you can't really advertise that, But isn't 326 00:18:32,520 --> 00:18:35,840 Speaker 1: Rick right that that this could be the real difference maker. 327 00:18:35,920 --> 00:18:38,920 Speaker 1: Of course they need the hardware, but our intelligence is 328 00:18:38,960 --> 00:18:41,720 Speaker 1: worth a lot. Yeah, and Rick made a really important 329 00:18:41,760 --> 00:18:44,320 Speaker 1: source point about the open source. I mean, one of 330 00:18:44,359 --> 00:18:46,920 Speaker 1: the stunning things I think even you know, us lay 331 00:18:46,920 --> 00:18:49,959 Speaker 1: people can see is the way we are GEO satellite 332 00:18:50,000 --> 00:18:54,000 Speaker 1: watching and tracking this incredible liberation of over the last 333 00:18:54,000 --> 00:18:58,280 Speaker 1: few days square miles. It's surreal to watch. It happened 334 00:18:58,359 --> 00:19:00,520 Speaker 1: like almost looks like a video game. When you watch 335 00:19:00,600 --> 00:19:03,760 Speaker 1: those geo satellites watching a war on our phones and 336 00:19:03,840 --> 00:19:06,879 Speaker 1: talking about it here on Bloomberg Radio, I'm Joe Matthew 337 00:19:06,920 --> 00:19:09,960 Speaker 1: with Jennie Chanzano and Rick Davis. This is Sound On, 338 00:19:10,320 --> 00:19:15,760 Speaker 1: and this is Bloomberg. We went into the weekend here 339 00:19:15,800 --> 00:19:21,560 Speaker 1: on Sound On with the headline Mansion stirs House Democratic backlash. 340 00:19:21,600 --> 00:19:24,960 Speaker 1: Remember seventy two Democrats suggesting they're willing to shut the 341 00:19:25,000 --> 00:19:28,400 Speaker 1: government down, forced to shut down if leaders go ahead 342 00:19:28,440 --> 00:19:31,960 Speaker 1: with this plan to attach Joe Mansion's energy permitting bill 343 00:19:32,840 --> 00:19:34,879 Speaker 1: to the spending measure that's got to pass the end 344 00:19:34,880 --> 00:19:37,359 Speaker 1: of the fiscal years September thirty. This is when it 345 00:19:37,359 --> 00:19:40,240 Speaker 1: always gets fun. Right, attached things to this bill knowing 346 00:19:40,920 --> 00:19:43,200 Speaker 1: that it has to pass, unless you know, you want 347 00:19:43,200 --> 00:19:45,919 Speaker 1: to have a game of chicken and maybe actually shut 348 00:19:45,920 --> 00:19:48,960 Speaker 1: down the government. U Stanny Hoyer talked to us about. 349 00:19:49,000 --> 00:19:51,280 Speaker 1: He talked to David Weston on balance of power. Of course, 350 00:19:51,280 --> 00:19:55,840 Speaker 1: the majority leader in the House they this is giving 351 00:19:55,880 --> 00:20:00,840 Speaker 1: some progressive Democrats indigestion, and by the sound the majority leader, 352 00:20:00,840 --> 00:20:03,000 Speaker 1: they're not all on board yet here he is. My 353 00:20:03,080 --> 00:20:06,480 Speaker 1: expectation is the Senate will move first on the Continual 354 00:20:06,560 --> 00:20:12,639 Speaker 1: Resolution and we'll see how the mansion uh agreement is 355 00:20:12,680 --> 00:20:16,480 Speaker 1: included in that document uh and and take it from there. 356 00:20:16,480 --> 00:20:19,320 Speaker 1: But we'll have to convince our members if it is 357 00:20:19,359 --> 00:20:24,399 Speaker 1: included that we need to pass a continuing resolution. We'll see, 358 00:20:24,600 --> 00:20:28,840 Speaker 1: we'll have to convince our members. Interesting language. And of course, yeah, 359 00:20:28,880 --> 00:20:31,840 Speaker 1: this is the c are the continuing resolution that kicks 360 00:20:31,880 --> 00:20:36,960 Speaker 1: the canon, keeps things funded until likely mid December. Emily 361 00:20:37,040 --> 00:20:40,160 Speaker 1: Wilkins Bloomberg Government's Emily Wilkins, and of course a friend 362 00:20:40,160 --> 00:20:42,520 Speaker 1: of this broadcast is with us right now to kind 363 00:20:42,520 --> 00:20:44,640 Speaker 1: of help us understand what we're going to do here 364 00:20:45,080 --> 00:20:47,800 Speaker 1: in the next couple of weeks. Emily covers the leadership 365 00:20:48,080 --> 00:20:51,960 Speaker 1: and Stanny Hoyer up close, impersonal every day. They already 366 00:20:51,960 --> 00:20:54,159 Speaker 1: know this, how this is gonna go, right, Emily, this 367 00:20:54,320 --> 00:20:56,800 Speaker 1: this has to be attached because that was the deal 368 00:20:57,640 --> 00:21:00,199 Speaker 1: that Chuck Schumer made with Joe Manchon, even if can 369 00:21:00,200 --> 00:21:03,800 Speaker 1: file Democrats didn't know it. Yeah, it was very interesting 370 00:21:03,840 --> 00:21:07,160 Speaker 1: to hear that interview between Hoyer and David Weston because 371 00:21:07,400 --> 00:21:09,520 Speaker 1: yor he kind of bowed to the reality of it 372 00:21:09,560 --> 00:21:11,080 Speaker 1: that they are going to have to figure out a 373 00:21:11,080 --> 00:21:15,040 Speaker 1: way to keep the government funded. A shutdown benefits really 374 00:21:15,080 --> 00:21:18,280 Speaker 1: neither party at this point, but especially not Democrats since 375 00:21:18,320 --> 00:21:21,400 Speaker 1: they're the ones in charge. And then too on top 376 00:21:21,440 --> 00:21:23,639 Speaker 1: of that, what kind of Hoyer said there is that, 377 00:21:23,680 --> 00:21:26,800 Speaker 1: you know, the concerns here are environmental with the energy 378 00:21:26,840 --> 00:21:29,199 Speaker 1: permitting process, and he's like, we'd have to find a 379 00:21:29,200 --> 00:21:32,560 Speaker 1: way to reassure Democrats that this is not going to 380 00:21:32,600 --> 00:21:34,879 Speaker 1: be harming the environment or taking us away from our 381 00:21:34,960 --> 00:21:37,919 Speaker 1: environmental goals. So he I feel like he kind of 382 00:21:37,920 --> 00:21:40,320 Speaker 1: said the quiet part out loud there as far as 383 00:21:40,359 --> 00:21:42,520 Speaker 1: what leadership is going to have to do and how 384 00:21:42,560 --> 00:21:45,119 Speaker 1: they are going to be approaching Uh, the dozens of 385 00:21:45,160 --> 00:21:48,080 Speaker 1: members at this point who have lodged concerns about this 386 00:21:48,119 --> 00:21:50,679 Speaker 1: permitting this is going to be however, though, it's kind 387 00:21:50,680 --> 00:21:53,320 Speaker 1: of the irony right, this bill has the biggest spending 388 00:21:53,400 --> 00:21:56,960 Speaker 1: ever on climate and this is what you had to do, 389 00:21:57,160 --> 00:22:00,560 Speaker 1: Chuck Schumer in a transactional relationship with no mansion to 390 00:22:00,600 --> 00:22:04,040 Speaker 1: make it happen. So, um, everyone can see the writing 391 00:22:04,040 --> 00:22:06,280 Speaker 1: on the wall here. It sounds like, Emily, Yeah, this 392 00:22:06,320 --> 00:22:08,040 Speaker 1: is I mean, this is again, this is the reality 393 00:22:08,080 --> 00:22:11,440 Speaker 1: of this is the reality of having very very close 394 00:22:11,480 --> 00:22:14,280 Speaker 1: margins of the House Democrats. You know, they have a 395 00:22:14,280 --> 00:22:16,760 Speaker 1: broad caucus. It's a big tent. They've got to be 396 00:22:16,800 --> 00:22:20,919 Speaker 1: thinking about everyone here. But but again, yep, yep, they 397 00:22:20,960 --> 00:22:22,600 Speaker 1: gotta go run. They want to get out of here 398 00:22:22,640 --> 00:22:25,720 Speaker 1: for for October. You know, they really house Democrats in particular, 399 00:22:25,720 --> 00:22:28,359 Speaker 1: they really only have a handful of days left, and 400 00:22:28,400 --> 00:22:30,640 Speaker 1: they're trying to even give them more time. They're supposed 401 00:22:30,680 --> 00:22:33,160 Speaker 1: to be here on Friday, Hoyer said in a letter 402 00:22:33,200 --> 00:22:35,080 Speaker 1: to them over the weekend, Hey, maybe we can let 403 00:22:35,080 --> 00:22:37,880 Speaker 1: you guys out on Thursday, unless, of course, we've got 404 00:22:37,880 --> 00:22:40,560 Speaker 1: one of those short term resolutions to fund the government 405 00:22:40,600 --> 00:22:43,240 Speaker 1: that's going to come up. Yeah, so that brings you 406 00:22:43,240 --> 00:22:45,719 Speaker 1: through mid December, that's what we're hearing, right, that's past 407 00:22:45,800 --> 00:22:48,880 Speaker 1: the mid terms. What happens to the whole budget argument 408 00:22:48,960 --> 00:22:52,680 Speaker 1: after that, especially if you're in a lame duck House, Well, 409 00:22:52,840 --> 00:22:55,560 Speaker 1: to a certain extent, the argument would be it would 410 00:22:55,600 --> 00:22:57,640 Speaker 1: shift a little bit depending on what the next year 411 00:22:57,720 --> 00:23:00,520 Speaker 1: would look like. If Republicans knew that we're going to 412 00:23:00,560 --> 00:23:03,159 Speaker 1: be controlling one or both chambers, we're probably going to 413 00:23:03,240 --> 00:23:06,120 Speaker 1: see a pretty clean budget wind up going through maybe 414 00:23:06,160 --> 00:23:07,800 Speaker 1: a couple of things here and there that the parties 415 00:23:07,840 --> 00:23:11,239 Speaker 1: can agree on. But even if Democrats somehow wind up 416 00:23:11,240 --> 00:23:14,640 Speaker 1: holding onto both chambers, something that's really not expected at 417 00:23:14,640 --> 00:23:17,119 Speaker 1: this point in regards to the House, could happen with 418 00:23:17,160 --> 00:23:20,280 Speaker 1: the Senate. But even then Democrats are going to need 419 00:23:20,640 --> 00:23:23,760 Speaker 1: those ten Republicans to support them on any bill that 420 00:23:23,800 --> 00:23:26,280 Speaker 1: they pass. And that's really again going to limit their 421 00:23:26,320 --> 00:23:29,880 Speaker 1: ability for trying to get any through sort of drastic 422 00:23:30,119 --> 00:23:34,880 Speaker 1: uh policy or major priorities for them in this government 423 00:23:34,960 --> 00:23:37,520 Speaker 1: funding bill. And you know, normally this is kind of 424 00:23:37,560 --> 00:23:41,320 Speaker 1: just the way the game is played. Democrats proposed some things, 425 00:23:41,359 --> 00:23:43,520 Speaker 1: they kind of eke it out until the last minute, 426 00:23:43,560 --> 00:23:45,880 Speaker 1: and they finally get something done in the eleventh hour. 427 00:23:46,280 --> 00:23:49,320 Speaker 1: Spending time with Bloomberg's Emily Wilkins here on sound on 428 00:23:49,359 --> 00:23:52,040 Speaker 1: I'm Joe, Matthew and Washington. Other things could be attached 429 00:23:52,080 --> 00:23:55,360 Speaker 1: to the spending bill, right, We've also heard about same 430 00:23:55,400 --> 00:23:58,800 Speaker 1: sex marriage. Where does that stand? So same sex marriage 431 00:23:58,840 --> 00:24:01,280 Speaker 1: is right now in the Senate. The House did pass it, 432 00:24:01,359 --> 00:24:03,760 Speaker 1: and the House passed it with more than forty Republicans 433 00:24:03,840 --> 00:24:06,480 Speaker 1: voting yes. That would pass on its own, it would 434 00:24:06,520 --> 00:24:09,120 Speaker 1: be able to pass. Well. The thing that they're thinking 435 00:24:09,160 --> 00:24:11,159 Speaker 1: with the Senate is that if they attach it to 436 00:24:11,440 --> 00:24:14,080 Speaker 1: the Continuing Resolution to fund the government through the Septate. 437 00:24:14,160 --> 00:24:16,840 Speaker 1: That's a must pass bill that kind of gives any senators, 438 00:24:16,960 --> 00:24:18,920 Speaker 1: Republican senators that might be on the line, a little 439 00:24:18,960 --> 00:24:21,440 Speaker 1: tiny shove like, hey, like, you know, do you want 440 00:24:21,480 --> 00:24:23,920 Speaker 1: to keep the government funded? Just go ahead and vote 441 00:24:23,920 --> 00:24:26,600 Speaker 1: for this one as well, because remember some Republicans in 442 00:24:26,600 --> 00:24:28,439 Speaker 1: the House, they were kind of like, you know, we 443 00:24:28,480 --> 00:24:30,520 Speaker 1: don't want to give credence to this idea that the 444 00:24:30,520 --> 00:24:33,320 Speaker 1: Supreme Court is now going to overturn same sex marriage. 445 00:24:33,359 --> 00:24:35,600 Speaker 1: We think that that's settled. And so you kind of 446 00:24:35,640 --> 00:24:37,439 Speaker 1: see this this little bit of back and forth with 447 00:24:37,480 --> 00:24:39,960 Speaker 1: a couple of Republicans on this issue. In particular, the 448 00:24:39,960 --> 00:24:44,520 Speaker 1: big question, Joe, do they actually have the ten Republican 449 00:24:44,680 --> 00:24:47,520 Speaker 1: votes needed? That is not clear. We've seen a number 450 00:24:47,560 --> 00:24:50,400 Speaker 1: of Republican senators come out say they would support this bill, 451 00:24:50,760 --> 00:24:53,200 Speaker 1: but we are all kind of all the news organizations 452 00:24:53,200 --> 00:24:56,119 Speaker 1: are running their independent whipcouts. No one has gotten to 453 00:24:56,200 --> 00:24:58,800 Speaker 1: a clear test. That's something This is a classic though 454 00:24:58,800 --> 00:25:01,240 Speaker 1: for Democrats going into mid terms, right because obviously the 455 00:25:01,240 --> 00:25:03,280 Speaker 1: Supreme Court is not about to rule on this between 456 00:25:03,320 --> 00:25:06,240 Speaker 1: now and November. But to get Republicans on the record, 457 00:25:06,320 --> 00:25:08,800 Speaker 1: or even be able to say we couldn't make this 458 00:25:08,840 --> 00:25:12,240 Speaker 1: a law because of Republicans. Just adds to some of 459 00:25:12,280 --> 00:25:14,640 Speaker 1: the ammo that Democrats at least think they have going 460 00:25:14,640 --> 00:25:17,360 Speaker 1: into this election. Yeah, it absolutely does. It's a way 461 00:25:17,359 --> 00:25:19,399 Speaker 1: for them to turn out their base. If if members 462 00:25:19,400 --> 00:25:23,080 Speaker 1: think that, uh, if constituents think that same sex marriage 463 00:25:23,119 --> 00:25:25,679 Speaker 1: could potentially be at risk, that's a reason for folks 464 00:25:25,680 --> 00:25:29,480 Speaker 1: to go out and vote. Absolutely. Bloomberg Government's Emily Wilkins 465 00:25:29,560 --> 00:25:32,159 Speaker 1: here on Bloomberg. The last one for you is this 466 00:25:32,240 --> 00:25:35,399 Speaker 1: potential rail strikes. Danny Hoyer seems to believe there's a 467 00:25:35,480 --> 00:25:40,520 Speaker 1: legislative answer. Uh, is there that much unity on Capitol 468 00:25:40,600 --> 00:25:45,280 Speaker 1: Hill to break or end or block a major labor 469 00:25:45,320 --> 00:25:49,240 Speaker 1: strike like that. That is a really good question, and 470 00:25:49,640 --> 00:25:52,920 Speaker 1: I think the answer that's it's not so sure. There's 471 00:25:53,000 --> 00:25:56,080 Speaker 1: really no guarantee whether or not Congress would able be 472 00:25:56,160 --> 00:25:59,320 Speaker 1: able to drive through a legislative we've seen over the 473 00:25:59,400 --> 00:26:02,000 Speaker 1: last year. Boy, it would be incredible, wouldn't it. It 474 00:26:02,000 --> 00:26:03,840 Speaker 1: would be really hard, It would be remember you, they'd 475 00:26:03,840 --> 00:26:05,760 Speaker 1: have to do it pretty quickly to the deadline for 476 00:26:05,800 --> 00:26:08,399 Speaker 1: talks is on Friday, and so they would have to 477 00:26:08,480 --> 00:26:11,840 Speaker 1: double time it which is just even more difficult. Really well, 478 00:26:11,880 --> 00:26:14,040 Speaker 1: let you know what Stenny Hoyer said about that. Coming up. 479 00:26:14,040 --> 00:26:16,480 Speaker 1: Great to talk to. Emily thinks as always. Emily Wilkins, 480 00:26:16,560 --> 00:26:19,440 Speaker 1: Bloomberg Government Congress reporter with us on the fastest hour 481 00:26:20,160 --> 00:26:22,760 Speaker 1: in Politics. Will reassemble the panel next and get into 482 00:26:22,760 --> 00:26:25,080 Speaker 1: this issue with a rail strike. You want to talk 483 00:26:25,119 --> 00:26:32,880 Speaker 1: about bad timing supply chains November. This is Bloomberg. You're 484 00:26:32,960 --> 00:26:37,040 Speaker 1: listening to Bloomberg. You sound on with Joe Matthew on 485 00:26:37,200 --> 00:26:41,720 Speaker 1: Bloomberg Radio. Like you heard Charlie Pellett say, if the 486 00:26:41,880 --> 00:26:45,960 Speaker 1: Biden administration is digging in now, digging into this rail strike, 487 00:26:46,040 --> 00:26:50,200 Speaker 1: how did this sneak up on everyone? As Bloomberg News 488 00:26:50,320 --> 00:26:53,919 Speaker 1: learns today, personal contact, They're reaching out, They're picking up 489 00:26:53,920 --> 00:26:57,119 Speaker 1: the phones here, pressuring labor unions and freight rail operators 490 00:26:57,160 --> 00:27:01,840 Speaker 1: to agree on a new contract before a day deadline, yeah, Friday, 491 00:27:03,640 --> 00:27:08,040 Speaker 1: to avert a strike that risks disrupting the economy and 492 00:27:08,119 --> 00:27:12,400 Speaker 1: reliving some of the worst moments of the supply chain crisis. 493 00:27:12,440 --> 00:27:15,480 Speaker 1: I mean, can you imagine you've lived this. It was 494 00:27:15,520 --> 00:27:18,960 Speaker 1: called COVID. You shut down the the freight rail lines. 495 00:27:19,040 --> 00:27:23,720 Speaker 1: We've got trouble here now, just so you understand, ten 496 00:27:23,920 --> 00:27:28,439 Speaker 1: of twelve railroad workers unions have struck new labor deals. 497 00:27:28,480 --> 00:27:31,399 Speaker 1: There are two holdouts. That's what this story is about. 498 00:27:31,880 --> 00:27:35,719 Speaker 1: The Brotherhood of Locomotive Engineers and train Men and the 499 00:27:35,720 --> 00:27:39,880 Speaker 1: International Association of Sheet Metal, Air, Rail and Transportation Workers. 500 00:27:40,240 --> 00:27:42,960 Speaker 1: They together, these two account for more than ninety thousand 501 00:27:43,080 --> 00:27:46,240 Speaker 1: rail employees. You can't have a railroad industry without them. 502 00:27:46,280 --> 00:27:49,520 Speaker 1: Even though we're down to two. Marty Walsh is on 503 00:27:49,520 --> 00:27:53,440 Speaker 1: the phone last night. We understand a work stoppage would 504 00:27:53,440 --> 00:27:56,720 Speaker 1: be bad news. Think about the timing of a government shutdown. 505 00:27:56,720 --> 00:28:00,919 Speaker 1: How about this food shipments would be impacted right in 506 00:28:00,960 --> 00:28:04,879 Speaker 1: the middle of this issue with food supplies uh Stanny 507 00:28:04,960 --> 00:28:07,960 Speaker 1: Hoyer talking about it today. The question is is there 508 00:28:08,080 --> 00:28:13,160 Speaker 1: a legislative solution. Congress does have some power here, as 509 00:28:13,200 --> 00:28:15,760 Speaker 1: he says, there is a role that Congress can play 510 00:28:15,760 --> 00:28:19,640 Speaker 1: in the industry. Groups are are pressing lawmakers to intervene here, 511 00:28:19,680 --> 00:28:22,480 Speaker 1: even as the the administration tries to do this. Majority 512 00:28:22,560 --> 00:28:25,720 Speaker 1: Leader Hoyer today on Bloomberg TV and Radio. Here he 513 00:28:25,800 --> 00:28:28,240 Speaker 1: is there is a role for Congress if in fact 514 00:28:29,080 --> 00:28:32,800 Speaker 1: they failed to reach an agreement, or and failed to 515 00:28:32,800 --> 00:28:35,280 Speaker 1: reach an agreement even if they haven't reached a full agreement, 516 00:28:35,440 --> 00:28:38,200 Speaker 1: if they failed to reach an understanding that you want 517 00:28:38,200 --> 00:28:41,680 Speaker 1: to continue to work and that there won't be a strike. Obviously, 518 00:28:41,720 --> 00:28:44,760 Speaker 1: a railroad strike at this point in time would be 519 00:28:44,800 --> 00:28:48,840 Speaker 1: extraordinarily detrimental to our economy and to the American people, 520 00:28:49,440 --> 00:28:53,000 Speaker 1: and we want to avoid that. The idea here is 521 00:28:53,000 --> 00:28:57,080 Speaker 1: that Congress would intervene to prevent the strike, which has 522 00:28:57,120 --> 00:28:59,560 Speaker 1: happened before. There is a history here. Now the unions 523 00:29:00,680 --> 00:29:04,840 Speaker 1: are urging lawmakers to stay out of it. But we, 524 00:29:04,920 --> 00:29:06,800 Speaker 1: as I mentioned, have seen this a couple of times 525 00:29:06,840 --> 00:29:08,920 Speaker 1: in the past, and maybe we do this all over again. 526 00:29:08,960 --> 00:29:11,960 Speaker 1: But my goodness, we can't agree on anything. We're gonna 527 00:29:12,000 --> 00:29:15,120 Speaker 1: get this done now. Rick and Genie, I'm sure have 528 00:29:15,200 --> 00:29:18,360 Speaker 1: some thoughts on this. Our signature panel Bloomberg Politics contributors 529 00:29:18,400 --> 00:29:22,000 Speaker 1: Genie Chanzano and Rick Davis. Uh, this is a tough 530 00:29:22,080 --> 00:29:24,760 Speaker 1: line to walk here, Jennie. If you're in the White House, 531 00:29:24,800 --> 00:29:26,480 Speaker 1: the unions are telling you to stay out of it, 532 00:29:26,560 --> 00:29:29,120 Speaker 1: keep the lawmakers out of it. But this is not 533 00:29:29,280 --> 00:29:32,320 Speaker 1: something that the administration can afford, is it. It is not, 534 00:29:32,440 --> 00:29:35,479 Speaker 1: and it's not something the US economy can afford. At 535 00:29:35,480 --> 00:29:38,320 Speaker 1: this point. I mean, you know, just listening to your report, 536 00:29:38,440 --> 00:29:40,680 Speaker 1: it's just, you know, I can imagine how much it 537 00:29:40,680 --> 00:29:44,800 Speaker 1: brings shutters to Joe Biden's mind to imagine something like 538 00:29:44,880 --> 00:29:48,120 Speaker 1: this going on. After the US economy struggling to come 539 00:29:48,160 --> 00:29:50,520 Speaker 1: back out of COVID and all the supply chain issues 540 00:29:50,560 --> 00:29:53,040 Speaker 1: we've had, he's seen, you know, a little bit of 541 00:29:53,080 --> 00:29:56,120 Speaker 1: faint bright light in terms of energy prices. You know, 542 00:29:56,240 --> 00:29:59,560 Speaker 1: he's been working so hard on infrastructure something like this, 543 00:29:59,560 --> 00:30:02,680 Speaker 1: this is something we haven't seen in thirty years. It's 544 00:30:02,680 --> 00:30:08,360 Speaker 1: about thirty percent oftent of rail would be impacted. I mean, 545 00:30:08,440 --> 00:30:11,680 Speaker 1: these are big, big impacts on the economy. So I'm 546 00:30:11,800 --> 00:30:14,600 Speaker 1: sure that the unions would like lawmakers to stay out 547 00:30:14,600 --> 00:30:17,880 Speaker 1: of it, but as you just said, Marty Walsh, the 548 00:30:17,920 --> 00:30:21,000 Speaker 1: White House, they are all actively involved in trying to 549 00:30:21,120 --> 00:30:24,640 Speaker 1: avert this um because the U. S economy simply can't 550 00:30:24,680 --> 00:30:27,720 Speaker 1: handle this at this point. And let's not forget Democrats 551 00:30:27,720 --> 00:30:30,800 Speaker 1: in particular in Congress, but Republicans as well. They don't 552 00:30:30,800 --> 00:30:32,640 Speaker 1: want to see this either. So I think if they 553 00:30:32,640 --> 00:30:35,080 Speaker 1: don't reach a deal or at least agree to continue talking, 554 00:30:35,400 --> 00:30:38,440 Speaker 1: then we may see some attempt at action in Congress. 555 00:30:39,000 --> 00:30:42,360 Speaker 1: Rick Um. I don't know where the authority comes from 556 00:30:42,440 --> 00:30:45,280 Speaker 1: or but everyone remembers Ronald Reagan with the with the 557 00:30:46,480 --> 00:30:50,360 Speaker 1: the air traffic controllers. This is supposed to be self 558 00:30:50,400 --> 00:30:57,200 Speaker 1: proclaimed the most union friendly administration in history. How does 559 00:30:57,280 --> 00:30:59,479 Speaker 1: Joe Biden get out of that and fix this at 560 00:30:59,520 --> 00:31:02,880 Speaker 1: the same time? It Well, I think this is the 561 00:31:02,920 --> 00:31:06,160 Speaker 1: iron I think we've got this whole conversation in reverse. 562 00:31:06,720 --> 00:31:10,840 Speaker 1: I mean, Joe Biden is Mr Union. Almost every one 563 00:31:10,920 --> 00:31:14,600 Speaker 1: of the bills that have passed Congress with Democratic majorities 564 00:31:14,640 --> 00:31:18,640 Speaker 1: only UH and signed by the President United States, Mr Union, 565 00:31:19,240 --> 00:31:22,640 Speaker 1: have been the promotion of new union jobs, the creation 566 00:31:22,680 --> 00:31:26,040 Speaker 1: of new union opportunities, I mean, whether it's in the 567 00:31:26,040 --> 00:31:29,120 Speaker 1: E V business or anything else. And and so are 568 00:31:29,160 --> 00:31:32,920 Speaker 1: you telling me that Joe Biden, who has saddled the 569 00:31:33,040 --> 00:31:36,600 Speaker 1: US taxpayers with trillions of dollars of subsidy for unions, 570 00:31:36,960 --> 00:31:40,480 Speaker 1: can now not call the unions and say go back 571 00:31:40,480 --> 00:31:43,040 Speaker 1: to work. I mean, look, I get it. I mean 572 00:31:43,320 --> 00:31:46,200 Speaker 1: I think that the rail system has been the one 573 00:31:46,280 --> 00:31:49,720 Speaker 1: thing that we've been able to rely upon, um in 574 00:31:49,720 --> 00:31:53,520 Speaker 1: in in this country for attempting to get our supply 575 00:31:53,600 --> 00:31:56,160 Speaker 1: chain back together. And I know they've been under enormous pressure. 576 00:31:56,480 --> 00:31:59,760 Speaker 1: But for heaven's sakes, Joe, we gave the airlines fifty 577 00:32:00,000 --> 00:32:03,160 Speaker 1: billion dollars to cushion the COVID impact of them, and 578 00:32:03,560 --> 00:32:07,840 Speaker 1: nothing works right in airlines anymore. So move Rick. Could 579 00:32:07,880 --> 00:32:11,280 Speaker 1: he still be the most labor friendly administration and also 580 00:32:11,320 --> 00:32:13,720 Speaker 1: pick up the phone and and maybe get some political 581 00:32:13,760 --> 00:32:16,360 Speaker 1: points by saying no, no, you're going to stay on 582 00:32:16,400 --> 00:32:21,040 Speaker 1: the job. You're not allowed to strike. Well, I don't 583 00:32:21,080 --> 00:32:23,040 Speaker 1: think you can ever say you're not allowed to strike, 584 00:32:23,080 --> 00:32:26,680 Speaker 1: although you could probably invoke some presidential authority to do it. 585 00:32:26,720 --> 00:32:30,040 Speaker 1: But like, if I puts his moter on this as 586 00:32:30,040 --> 00:32:33,040 Speaker 1: the president of the United States, what union is going 587 00:32:33,080 --> 00:32:34,960 Speaker 1: to say no to him? I mean, I just don't 588 00:32:35,040 --> 00:32:38,720 Speaker 1: understand why the White House isn't the first voice on this, 589 00:32:38,840 --> 00:32:43,160 Speaker 1: not the last voice? Is there? Uh? Is there a 590 00:32:43,200 --> 00:32:45,440 Speaker 1: path there? Genie? I mean you were talking a minute 591 00:32:45,440 --> 00:32:49,200 Speaker 1: ago about a legislative solution. How about a white House solution? 592 00:32:49,240 --> 00:32:50,960 Speaker 1: Can he do a Ronald Reagan and say if you 593 00:32:50,960 --> 00:32:54,320 Speaker 1: don't show up for work tomorrow, you're fired? Yeah, yeah, 594 00:32:54,760 --> 00:32:56,440 Speaker 1: that would be very different. I mean, this isn't a 595 00:32:56,480 --> 00:32:59,640 Speaker 1: government job. I realize it's really not a fair comparison. 596 00:32:59,680 --> 00:33:02,840 Speaker 1: I guess yeah. But you know, the problem for the 597 00:33:02,840 --> 00:33:06,960 Speaker 1: White House is, you know, twofold, you know, the we're 598 00:33:07,000 --> 00:33:09,480 Speaker 1: you know what, eight weeks out of a mid term election. 599 00:33:09,920 --> 00:33:13,720 Speaker 1: Obviously this is too Rick's point a president and quite 600 00:33:13,720 --> 00:33:17,440 Speaker 1: frankly a party who have been committed to revitalizing unions 601 00:33:17,520 --> 00:33:20,480 Speaker 1: in this country, he would have to take the step 602 00:33:20,560 --> 00:33:23,520 Speaker 1: of you know, some some you know, step of of 603 00:33:23,600 --> 00:33:25,960 Speaker 1: forcing them back to the table, of forcing them to 604 00:33:26,000 --> 00:33:28,400 Speaker 1: continue we're getting it's it's hard to imagine how that 605 00:33:28,400 --> 00:33:31,960 Speaker 1: would happen. And by the same token, he can't afford 606 00:33:32,120 --> 00:33:35,280 Speaker 1: to allow the economy to be disrupted in this way. 607 00:33:35,320 --> 00:33:38,600 Speaker 1: So it's almost a case of which is worse. And 608 00:33:38,840 --> 00:33:41,240 Speaker 1: so you know, that's why I think they are trying 609 00:33:41,280 --> 00:33:44,560 Speaker 1: desperately at this point to do this, you know, through 610 00:33:44,600 --> 00:33:47,360 Speaker 1: the Presidential Commission, to do this in a way that 611 00:33:47,520 --> 00:33:50,280 Speaker 1: they can talk to the unions and avoid this kind 612 00:33:50,280 --> 00:33:53,240 Speaker 1: of issue. But time is running out, and Emily mentioned this, 613 00:33:53,320 --> 00:33:55,960 Speaker 1: we're looking at a Friday deadline if they don't get 614 00:33:56,000 --> 00:34:00,000 Speaker 1: this going or at least to study Hoyer's point, agree 615 00:34:00,160 --> 00:34:02,840 Speaker 1: that the talks will continue. And so the president is 616 00:34:02,880 --> 00:34:06,719 Speaker 1: in a really tough position here. Joe Biden was not 617 00:34:06,760 --> 00:34:10,080 Speaker 1: talking about this today, however, Rick and he was actually 618 00:34:10,080 --> 00:34:13,440 Speaker 1: talking infrastructure at Logan Airport, went up to Boston to 619 00:34:13,560 --> 00:34:16,959 Speaker 1: talk instead about the cancer moon shot, which is something 620 00:34:17,000 --> 00:34:21,040 Speaker 1: that has you know, swirled around Joe Biden since when 621 00:34:21,040 --> 00:34:25,560 Speaker 1: Barack Obama assigned him with this project. And he went 622 00:34:25,640 --> 00:34:27,880 Speaker 1: up there to UH to talk about his choice to 623 00:34:27,960 --> 00:34:31,239 Speaker 1: lead a new government agency focused on biomedical research and 624 00:34:31,239 --> 00:34:34,600 Speaker 1: and sort of double down on the cancer moon shot. 625 00:34:35,320 --> 00:34:38,320 Speaker 1: Here he is from earlier today in Boston. Give you 626 00:34:38,400 --> 00:34:41,880 Speaker 1: my word as a Biden this cancer moon shot is 627 00:34:41,920 --> 00:34:45,719 Speaker 1: one of the reasons why I ran for president. That 628 00:34:45,880 --> 00:34:48,360 Speaker 1: is also true. It was a frequent part of his 629 00:34:48,360 --> 00:34:52,120 Speaker 1: stump speech in Is that the kind of promise that 630 00:34:52,200 --> 00:34:54,279 Speaker 1: the president should be making on top of everything else 631 00:34:54,360 --> 00:34:58,520 Speaker 1: right now? Yeah, I think that I'm really impressed that 632 00:34:58,600 --> 00:35:01,839 Speaker 1: the president thinks big I mean And and and just like 633 00:35:02,400 --> 00:35:07,160 Speaker 1: JFK wanted a moon shot to the to the moon, uh, 634 00:35:07,200 --> 00:35:10,280 Speaker 1: this president is willing to dedicate resources of federal government 635 00:35:11,000 --> 00:35:14,040 Speaker 1: to try and conquer cancer. And there's not a family 636 00:35:14,080 --> 00:35:16,839 Speaker 1: in America or around the world hasn't been touched by 637 00:35:16,920 --> 00:35:21,080 Speaker 1: this disease. And um, you know, we have the greatest 638 00:35:21,120 --> 00:35:26,760 Speaker 1: technological minds in history, who if assembled under the right circumstances, 639 00:35:26,840 --> 00:35:30,759 Speaker 1: I have absolutely no doubt uh can can can can 640 00:35:30,800 --> 00:35:34,759 Speaker 1: dispatch cancer from our lives. Cancer sucks, And I think 641 00:35:34,800 --> 00:35:36,600 Speaker 1: he's doing the right thing. And I think this is 642 00:35:36,640 --> 00:35:40,080 Speaker 1: the kind of thing that Americans and others around the 643 00:35:40,080 --> 00:35:42,040 Speaker 1: world will look at him and say, what a good 644 00:35:42,120 --> 00:35:45,640 Speaker 1: use of a presidency. It wasn't a coincidence that this 645 00:35:45,680 --> 00:35:49,160 Speaker 1: speech was delivered today. This actually coincides, of course, with 646 00:35:49,200 --> 00:35:54,399 Speaker 1: the anniversary big round number, the anniversary of JFK's moon 647 00:35:54,600 --> 00:35:56,920 Speaker 1: shot speech, not the one that he did at the 648 00:35:56,920 --> 00:36:02,000 Speaker 1: State of the Union, but at Rice University nineteen sixty two. 649 00:36:02,719 --> 00:36:06,399 Speaker 1: And that's why Joe Biden today delivered the speech at 650 00:36:06,400 --> 00:36:10,839 Speaker 1: the JFK Library in Boston. And so we thought we'd 651 00:36:10,880 --> 00:36:13,080 Speaker 1: go back to that moment in time, just for a 652 00:36:13,080 --> 00:36:16,520 Speaker 1: little background and perspective that you would, of course only 653 00:36:16,600 --> 00:36:19,520 Speaker 1: get here on the fastest hour in politics. We go 654 00:36:19,640 --> 00:36:24,520 Speaker 1: back to Nino and John Kennedy. Why some say the moon? 655 00:36:25,640 --> 00:36:29,279 Speaker 1: Why choose this as our goal? And they may well 656 00:36:29,400 --> 00:36:34,560 Speaker 1: ask why climb the highest mountain five thirty five years ago? 657 00:36:35,320 --> 00:36:39,840 Speaker 1: Fly the Atlantic? Why does Rice play Texas? We choose 658 00:36:39,880 --> 00:36:42,920 Speaker 1: to go to the moon. We choose to go to 659 00:36:43,000 --> 00:36:51,880 Speaker 1: the moon. We choose to go to the moon and 660 00:36:52,000 --> 00:36:55,399 Speaker 1: this decay and do the other thing, not because they 661 00:36:55,440 --> 00:36:59,520 Speaker 1: are easy, but because they are hard. Because that goal 662 00:37:00,400 --> 00:37:04,000 Speaker 1: we'll serve to organize and measure the best of our 663 00:37:04,160 --> 00:37:08,160 Speaker 1: energies and skills, because that challenge is one that we're 664 00:37:08,160 --> 00:37:12,680 Speaker 1: willing to accept, one we are willing to postpone, and 665 00:37:12,840 --> 00:37:22,520 Speaker 1: one we intend to win. And the others too. I'm Joe, 666 00:37:22,520 --> 00:37:25,160 Speaker 1: Matthew and Washington. We'll see you back here tomorrow. This 667 00:37:25,480 --> 00:37:26,040 Speaker 1: is Bloomberg