1 00:00:00,200 --> 00:00:10,200 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the 2 00:00:10,240 --> 00:00:14,159 Speaker 1: Bloomberg Balance of Power podcast. Catch Just Live weekdays at 3 00:00:14,160 --> 00:00:16,520 Speaker 1: noon Eastern on Apple car Play and then roud. 4 00:00:16,320 --> 00:00:18,160 Speaker 2: Otto with the Bloomberg Business App. 5 00:00:18,160 --> 00:00:21,319 Speaker 1: Listen on demand wherever you get your podcasts, or watch 6 00:00:21,400 --> 00:00:24,560 Speaker 1: us Live on YouTube. 7 00:00:26,400 --> 00:00:29,760 Speaker 3: Especially big day for President Joe Biden as he prepares 8 00:00:29,800 --> 00:00:31,800 Speaker 3: to do what he promised he would when he put 9 00:00:31,840 --> 00:00:34,479 Speaker 3: out that statement announcing he was no longer seeking reelection 10 00:00:34,920 --> 00:00:38,159 Speaker 3: this past weekend address the nation from the Oval Office 11 00:00:38,200 --> 00:00:41,240 Speaker 3: about his decision. But this may not just be about 12 00:00:41,280 --> 00:00:43,159 Speaker 3: his decision to leave the race. It also could be 13 00:00:43,200 --> 00:00:45,880 Speaker 3: about his legacy, what he wants to continue to accomplish 14 00:00:46,000 --> 00:00:48,200 Speaker 3: while he's still sitting in that office, And of course 15 00:00:48,680 --> 00:00:50,600 Speaker 3: it might be a little bit about his vice president 16 00:00:50,600 --> 00:00:54,520 Speaker 3: and now presumptive Democratic nominee Kamala Harris as well. So 17 00:00:54,560 --> 00:00:57,600 Speaker 3: as we look ahead to this primetime address Bloomberg, Jordan Fabian, 18 00:00:57,600 --> 00:00:59,480 Speaker 3: a White House correspondent for US, is here with me 19 00:00:59,760 --> 00:01:00,600 Speaker 3: in Washington. 20 00:01:00,680 --> 00:01:00,960 Speaker 4: Jordan. 21 00:01:01,120 --> 00:01:03,480 Speaker 3: Obviously, it's going to be a very big moment for 22 00:01:03,560 --> 00:01:06,760 Speaker 3: the president. Do we have any idea what exactly it 23 00:01:06,840 --> 00:01:08,960 Speaker 3: is first and foremost that he wants to say. 24 00:01:09,520 --> 00:01:11,520 Speaker 5: The only hit that we have is from that Twitter 25 00:01:11,560 --> 00:01:15,080 Speaker 5: post that he put up saying it's about what he 26 00:01:15,120 --> 00:01:17,440 Speaker 5: plans to do in this final months in office and 27 00:01:17,800 --> 00:01:20,679 Speaker 5: the road ahead, whatever that means, and what I would 28 00:01:20,680 --> 00:01:22,640 Speaker 5: take it to me and is, Look, this is a 29 00:01:22,760 --> 00:01:27,240 Speaker 5: legacy affirming speech for Joe Biden. One ter Presidents aren't 30 00:01:27,360 --> 00:01:31,760 Speaker 5: usually viewed as consequential figures in the US, and so 31 00:01:32,720 --> 00:01:34,760 Speaker 5: this is a chance for him to talk about everything 32 00:01:35,240 --> 00:01:38,480 Speaker 5: he did and also what he plans to accomplish with 33 00:01:38,520 --> 00:01:41,120 Speaker 5: his remaining months in office, like maybe a cease fire 34 00:01:41,520 --> 00:01:44,520 Speaker 5: in the Israel Hamas War, and also talk about the 35 00:01:44,560 --> 00:01:47,680 Speaker 5: election and Kamala Harris's hand pick successor well. 36 00:01:47,720 --> 00:01:49,720 Speaker 3: As you talk about the Israel Hamas War, it is 37 00:01:49,760 --> 00:01:51,800 Speaker 3: worth pointing out that the other big event today in 38 00:01:51,840 --> 00:01:54,160 Speaker 3: addition to Biden's speech is Netnya Who's speech before a 39 00:01:54,200 --> 00:01:57,200 Speaker 3: joint session of Congress. We know that Biden and Netnya 40 00:01:57,200 --> 00:01:59,640 Speaker 3: Who will be meeting tomorrow. Is there a sense that 41 00:01:59,640 --> 00:02:01,920 Speaker 3: he's going to be diminished in terms of the leverage 42 00:02:01,920 --> 00:02:04,040 Speaker 3: he will hold over the Israeli government now that he 43 00:02:04,160 --> 00:02:06,720 Speaker 3: has effectively made himself a Lamb duck. He is only 44 00:02:06,760 --> 00:02:09,520 Speaker 3: going to be a one term president. Does that change 45 00:02:09,520 --> 00:02:12,200 Speaker 3: his ability to maneuver here as he pushes for a ceasefire. 46 00:02:12,440 --> 00:02:13,959 Speaker 5: I think it's hard not to see him that way, 47 00:02:14,120 --> 00:02:17,000 Speaker 5: especially with this election coming up in for net and 48 00:02:17,080 --> 00:02:21,000 Speaker 5: Yahoo a candidate on the Republican side, Donald Trump, whom 49 00:02:21,000 --> 00:02:23,600 Speaker 5: he was quite close with when Donald Trump was president, 50 00:02:23,639 --> 00:02:25,880 Speaker 5: and so there might be an instinct for a lot 51 00:02:25,880 --> 00:02:28,799 Speaker 5: of foreign leaders to wait to see what happens in 52 00:02:28,880 --> 00:02:32,680 Speaker 5: the election before making big commitments to Joe Biden, given 53 00:02:32,720 --> 00:02:35,480 Speaker 5: he's not going to be around come January twenty twenty five. 54 00:02:35,800 --> 00:02:38,280 Speaker 5: That being said, Biden's going to exert all the leverage 55 00:02:38,280 --> 00:02:41,880 Speaker 5: he can, mainly in the form of weapons, etc. To 56 00:02:41,960 --> 00:02:43,840 Speaker 5: try and get the steal done, as he knows that 57 00:02:43,880 --> 00:02:46,480 Speaker 5: this would be a legacy defining achievement for him if 58 00:02:46,480 --> 00:02:47,160 Speaker 5: it were to happen. 59 00:02:47,520 --> 00:02:49,679 Speaker 3: Yeah, of course, we're really working within a six month 60 00:02:49,720 --> 00:02:51,640 Speaker 3: window here if he wants to see this done during 61 00:02:51,680 --> 00:02:54,480 Speaker 3: his presidency. But when we think about the idea that 62 00:02:54,480 --> 00:02:55,920 Speaker 3: he's going to lay out, what else other than a 63 00:02:55,919 --> 00:02:59,320 Speaker 3: ceasefire he wants to accomplish? How realistic do we need 64 00:02:59,360 --> 00:03:01,680 Speaker 3: to be about this? Because the House, after an early 65 00:03:01,720 --> 00:03:04,640 Speaker 3: morning vote tomorrow, is gone until September ninth, they're taking 66 00:03:04,680 --> 00:03:06,640 Speaker 3: a long summer recess. Then we're going to be very 67 00:03:06,720 --> 00:03:10,840 Speaker 3: quickly in just full election mode ahead of November. So realistically, 68 00:03:10,880 --> 00:03:12,880 Speaker 3: it's just that lame duck session at the end there 69 00:03:12,919 --> 00:03:15,760 Speaker 3: when he could do anything legislatively. Right, So does this 70 00:03:15,840 --> 00:03:18,520 Speaker 3: mean we could see more executive actions coming from him? 71 00:03:18,560 --> 00:03:19,280 Speaker 3: And if so, about what? 72 00:03:20,120 --> 00:03:22,919 Speaker 5: Yeah, I wouldn't be surprised if you saw executive actions, 73 00:03:23,120 --> 00:03:26,119 Speaker 5: especially on immigration or some other things he didn't get done, 74 00:03:26,600 --> 00:03:30,920 Speaker 5: like uncontrol. Wouldn't be surprised if you saw another effort 75 00:03:30,919 --> 00:03:34,680 Speaker 5: to pass AID for Ukraine going into twenty twenty five, 76 00:03:34,760 --> 00:03:37,440 Speaker 5: given again the uncertainty of who might be in office, 77 00:03:37,560 --> 00:03:40,880 Speaker 5: a Republican who's been skeptical about that aid. And also 78 00:03:41,240 --> 00:03:43,520 Speaker 5: you know, look, I mean there's a lot of things 79 00:03:43,560 --> 00:03:46,080 Speaker 5: that could happen at the end of a presidency, like pardons, etc. 80 00:03:46,440 --> 00:03:49,360 Speaker 5: That are surprising. So I would be tuned for all 81 00:03:49,360 --> 00:03:49,600 Speaker 5: of that. 82 00:03:49,920 --> 00:03:52,120 Speaker 3: When you say pardon, I automatically thought about his son, 83 00:03:52,200 --> 00:03:54,520 Speaker 3: Hunter Biden. He of course has sworn that he wasn't 84 00:03:54,560 --> 00:03:55,839 Speaker 3: going to do anything with his case. 85 00:03:55,920 --> 00:03:57,600 Speaker 5: Yes, twenty one, but I'm sure that a lot of 86 00:03:57,640 --> 00:03:59,800 Speaker 5: people are going to be asking and looking to see 87 00:03:59,840 --> 00:04:01,880 Speaker 5: what it does not exactly. 88 00:04:01,480 --> 00:04:05,240 Speaker 3: And he's not trying to have a second term anymore. 89 00:04:05,280 --> 00:04:07,000 Speaker 3: Just before we let you go, Jordan, of course, you 90 00:04:07,040 --> 00:04:09,360 Speaker 3: mentioned that he has thrown his full support behind his 91 00:04:09,440 --> 00:04:13,000 Speaker 3: vice president Kamala Harris. She herself is in Indianapolis today 92 00:04:13,000 --> 00:04:15,200 Speaker 3: after a visit to Wisconsin yesterday. She's going to be 93 00:04:15,240 --> 00:04:18,240 Speaker 3: in Texas tomorrow. She certainly is not wasting any time here. 94 00:04:18,400 --> 00:04:20,359 Speaker 3: Of course, there's not that much time to waste, is 95 00:04:20,400 --> 00:04:23,040 Speaker 3: this election and the convention more specifically is coming up 96 00:04:23,560 --> 00:04:26,800 Speaker 3: very quickly. I'm hearing a lot about the prospect that 97 00:04:26,839 --> 00:04:29,800 Speaker 3: she may need to choose her vice presidential pick within 98 00:04:29,839 --> 00:04:32,000 Speaker 3: the next week so they can get it on the ballot, 99 00:04:32,040 --> 00:04:34,680 Speaker 3: get all organized before the DNC. Does that mean that 100 00:04:34,720 --> 00:04:37,400 Speaker 3: the short list is getting shorter as we understand. 101 00:04:36,920 --> 00:04:40,640 Speaker 5: It, I'm sure that's the case. I mean, there is, 102 00:04:40,720 --> 00:04:43,560 Speaker 5: as you alluded to, a nominating process that's going to 103 00:04:43,720 --> 00:04:47,560 Speaker 5: happen before the convention in mid August, and so I'm 104 00:04:47,560 --> 00:04:49,800 Speaker 5: not sure you know technically with the rules like what 105 00:04:49,920 --> 00:04:52,640 Speaker 5: might be required, but I'm sure she wants that person 106 00:04:52,680 --> 00:04:54,920 Speaker 5: in as soon as possible, not only to make sure 107 00:04:54,920 --> 00:04:57,200 Speaker 5: there's no legal challenges, but also to get them on 108 00:04:57,200 --> 00:05:01,360 Speaker 5: the road because they don't have time the waste in 109 00:05:01,440 --> 00:05:02,400 Speaker 5: this campaign. 110 00:05:02,480 --> 00:05:04,360 Speaker 3: Yeah, no, the clock is definitely taking I believe those 111 00:05:04,400 --> 00:05:07,640 Speaker 3: rules are getting finalized by the Democratic National Committee. Toda Bloomberg, 112 00:05:07,680 --> 00:05:10,560 Speaker 3: Jordan Fabian, White House Correspondent. Then busy like the rest 113 00:05:10,560 --> 00:05:12,400 Speaker 3: of us here in the last several weeks, Thank you 114 00:05:12,880 --> 00:05:15,039 Speaker 3: so much. And as we consider the vice president and 115 00:05:15,080 --> 00:05:18,640 Speaker 3: her very early days presidential campaign, it is only technically 116 00:05:18,680 --> 00:05:21,719 Speaker 3: the third full day of that, and yet we've seen 117 00:05:21,720 --> 00:05:23,680 Speaker 3: a lot happen in the last third days. As I 118 00:05:23,760 --> 00:05:25,640 Speaker 3: just mentioned, she's already been on the road. She went 119 00:05:25,680 --> 00:05:29,080 Speaker 3: to Milwaukee. She of course went to the campaign headquarters 120 00:05:29,120 --> 00:05:32,359 Speaker 3: in Wilmington, Delaware, earlier this week. She's also been raising 121 00:05:32,400 --> 00:05:34,400 Speaker 3: a lot of money, more than one hundred million dollars 122 00:05:34,440 --> 00:05:37,600 Speaker 3: in just a thirty six hour period, securing the endorsements 123 00:05:37,600 --> 00:05:41,320 Speaker 3: from pretty much everyone within the Democratic Party. She's been busy. 124 00:05:41,360 --> 00:05:44,160 Speaker 3: The question is is she already making a difference in 125 00:05:44,279 --> 00:05:47,080 Speaker 3: terms of what the polls look like as we look 126 00:05:47,160 --> 00:05:49,960 Speaker 3: towards November. We're starting to get some very early readings, 127 00:05:49,960 --> 00:05:53,160 Speaker 3: including one that came out yesterday from Reuters and IPSOS 128 00:05:53,560 --> 00:05:57,120 Speaker 3: that finds Kamala Harris up two points to Trump nationally 129 00:05:57,200 --> 00:05:59,760 Speaker 3: forty four to forty two. It is within the margin 130 00:05:59,800 --> 00:06:02,120 Speaker 3: of but we wanted to dig into this a little 131 00:06:02,120 --> 00:06:04,400 Speaker 3: bit more so. Cliff Young is here. He is ipsos's 132 00:06:04,520 --> 00:06:07,640 Speaker 3: president of US Public Affairs with me in our Washington 133 00:06:07,680 --> 00:06:11,000 Speaker 3: d C studio. So Cliff, obviously, this is a national poll. 134 00:06:11,320 --> 00:06:13,520 Speaker 3: There is a margin of error here that she is 135 00:06:13,560 --> 00:06:15,520 Speaker 3: within in terms of her lead against Donald Trump. What 136 00:06:15,560 --> 00:06:18,080 Speaker 3: I found interesting is that when you add an RFK Junior, 137 00:06:18,120 --> 00:06:20,160 Speaker 3: who is a factor in this selection at least in 138 00:06:20,160 --> 00:06:23,679 Speaker 3: some states as a third party, her lead expands outside 139 00:06:23,720 --> 00:06:26,640 Speaker 3: the margin of era forty two to thirty eight. It's 140 00:06:26,680 --> 00:06:29,040 Speaker 3: an early read, but a good one for her campaign. 141 00:06:29,200 --> 00:06:30,920 Speaker 6: Yeah, four points, and if you look at her favorite 142 00:06:30,920 --> 00:06:35,800 Speaker 6: Billity scores compared to be four before her assumption of 143 00:06:35,839 --> 00:06:39,839 Speaker 6: where she is versus now, they've gone up five points. 144 00:06:39,839 --> 00:06:43,680 Speaker 6: So overall things have been shaken up. The voter is 145 00:06:43,720 --> 00:06:47,440 Speaker 6: reflecting right now. This might be a momentary bump, but 146 00:06:47,560 --> 00:06:48,200 Speaker 6: it is real. 147 00:06:49,240 --> 00:06:51,840 Speaker 3: And of course when we consider where the bumps matter 148 00:06:51,920 --> 00:06:54,440 Speaker 3: the most, it's not just about how it reflects across 149 00:06:54,480 --> 00:06:56,640 Speaker 3: the country, but in a very few specific states, including 150 00:06:56,680 --> 00:06:59,440 Speaker 3: the one that she visited yesterday Wisconsin, one of these 151 00:06:59,560 --> 00:07:03,480 Speaker 3: key battleground states that we're watching. Would you expect to see, 152 00:07:03,680 --> 00:07:06,839 Speaker 3: knowing that Joe Biden was by and large across poles, 153 00:07:06,880 --> 00:07:09,920 Speaker 3: consistently lagging Donald Trump in all of those suing states, 154 00:07:09,920 --> 00:07:11,960 Speaker 3: and perhaps even a larger margin as we got toward 155 00:07:12,040 --> 00:07:14,760 Speaker 3: the end of his effort there, that she could see 156 00:07:14,760 --> 00:07:18,200 Speaker 3: an immediate advantage in those states. Or does it matter 157 00:07:18,200 --> 00:07:20,920 Speaker 3: who her vice presidential pick is to consider those numbers? 158 00:07:20,960 --> 00:07:24,240 Speaker 6: Yeah, the vice presidential pick doesn't really matter. It's the 159 00:07:24,320 --> 00:07:27,840 Speaker 6: principle that really matters for people. It's a primary individual 160 00:07:27,880 --> 00:07:29,960 Speaker 6: on the ticket. We're gonna have to wait a couple 161 00:07:30,120 --> 00:07:32,840 Speaker 6: couple weeks when it comes to those polls and those 162 00:07:32,920 --> 00:07:35,760 Speaker 6: key swing states. But what we know right now based 163 00:07:35,800 --> 00:07:41,240 Speaker 6: on our national poll, is that she's running much better 164 00:07:41,560 --> 00:07:44,680 Speaker 6: against those key constituencies that Biden had a problem with, 165 00:07:45,000 --> 00:07:49,480 Speaker 6: younger Americans, less affluent Americans, minorities, all key once again 166 00:07:49,840 --> 00:07:53,400 Speaker 6: segments that the Democrats need to win to win the election. 167 00:07:53,640 --> 00:07:56,440 Speaker 3: Well, I'm glad you brought that up, because an interested 168 00:07:56,480 --> 00:07:59,840 Speaker 3: parties memo circulated today from the Harris campaign share General 169 00:07:59,840 --> 00:08:02,440 Speaker 3: man Ally Dylan, of course, fresh off the Biden campaign, 170 00:08:02,440 --> 00:08:04,640 Speaker 3: about the path to victory, and in it, she talked 171 00:08:04,640 --> 00:08:07,720 Speaker 3: about how seven percent of voters this is her words, 172 00:08:07,840 --> 00:08:11,440 Speaker 3: remain undecided in these race disproportionately. They are black, Latino 173 00:08:11,920 --> 00:08:14,360 Speaker 3: and under thirty. They are more likely to have surprised 174 00:08:14,600 --> 00:08:17,080 Speaker 3: supported the Biden Harris ticket in twenty twenty, and are 175 00:08:17,120 --> 00:08:20,160 Speaker 3: two times more likely to be Democrats than Republicans. She 176 00:08:20,280 --> 00:08:23,400 Speaker 3: talks about them being additional persuadable voters. What do you 177 00:08:23,400 --> 00:08:24,600 Speaker 3: think about that, CLIs. 178 00:08:24,400 --> 00:08:27,040 Speaker 6: I think they're right on mark. I call them the 179 00:08:27,080 --> 00:08:32,640 Speaker 6: inflation orphans. They were really disproportionately affected by inflation. They 180 00:08:32,640 --> 00:08:36,120 Speaker 6: still have problems making ends meet, and Biden and the 181 00:08:36,160 --> 00:08:39,600 Speaker 6: Biden administration have been unable to connect with them. Yes, 182 00:08:39,640 --> 00:08:43,520 Speaker 6: they're they're They're in the in the game, They're in 183 00:08:43,559 --> 00:08:46,360 Speaker 6: the equation. And really, if the Democrats can bring them 184 00:08:46,360 --> 00:08:48,960 Speaker 6: into fold, the Hair's campaign can bring them into the fold, 185 00:08:49,559 --> 00:08:51,360 Speaker 6: it will improve their chances considerably. 186 00:08:51,559 --> 00:08:53,440 Speaker 3: So it's all about the economy issue at the end 187 00:08:53,480 --> 00:08:55,280 Speaker 3: of the day, and especially when I just look at 188 00:08:55,480 --> 00:08:57,600 Speaker 3: the stories we're following at Bloomberg today, we now have 189 00:08:58,000 --> 00:09:00,480 Speaker 3: the Nasdaq one hunter down at the lows the session 190 00:09:00,520 --> 00:09:03,960 Speaker 3: by about three percent. Obviously, these inflation orphans, maybe the 191 00:09:03,960 --> 00:09:06,080 Speaker 3: people who care more about prices at the grocery store 192 00:09:06,080 --> 00:09:07,920 Speaker 3: than in the stock market, if you're lucky enough to 193 00:09:07,920 --> 00:09:09,720 Speaker 3: have a four to one k et cetera. But we 194 00:09:09,800 --> 00:09:13,040 Speaker 3: also have commentary from the likes of Bill Dudley, formerly 195 00:09:13,240 --> 00:09:14,920 Speaker 3: of the New York Fed, talking about how the Fed 196 00:09:14,960 --> 00:09:17,040 Speaker 3: needs to cut or there could be a recession. As 197 00:09:17,040 --> 00:09:20,160 Speaker 3: we consider the timing at which economic developments could come 198 00:09:20,320 --> 00:09:22,720 Speaker 3: now that we're four months out from an election, is 199 00:09:22,760 --> 00:09:26,400 Speaker 3: any incrementally bad news for the economy by extension bad 200 00:09:26,440 --> 00:09:28,680 Speaker 3: news for Kamala Harris because she is attached to this 201 00:09:28,760 --> 00:09:32,080 Speaker 3: administration or she insulated enough from that narrative. 202 00:09:32,280 --> 00:09:35,599 Speaker 6: No, No, it would impact her negatively. I think the 203 00:09:35,720 --> 00:09:40,840 Speaker 6: signals are mixed. We have multiple surveys, different surveys running 204 00:09:41,240 --> 00:09:46,720 Speaker 6: that suggests the inflation issues attenuating, that price sensitivity is 205 00:09:46,760 --> 00:09:49,840 Speaker 6: going down, which is very important for these once again, 206 00:09:49,840 --> 00:09:53,480 Speaker 6: these key constituencies. So again, any sort of negative news 207 00:09:53,559 --> 00:09:55,800 Speaker 6: is really bad and we'll have an immediate probably impact 208 00:09:57,080 --> 00:10:00,600 Speaker 6: for the Hairs campaign. For the Democrats, they have to 209 00:10:00,640 --> 00:10:03,800 Speaker 6: hope for a slightly better economy going into November than 210 00:10:03,840 --> 00:10:04,760 Speaker 6: there is today and. 211 00:10:04,720 --> 00:10:07,440 Speaker 3: Maybe some rate cuts as well, though that's an open 212 00:10:07,520 --> 00:10:10,560 Speaker 3: question as we consider the idea that the economy usually 213 00:10:10,600 --> 00:10:14,160 Speaker 3: is issue number one, followed very closely by issue number two, 214 00:10:14,200 --> 00:10:16,599 Speaker 3: which is the border. We have already seen a concerted 215 00:10:16,640 --> 00:10:20,560 Speaker 3: effort among the Republican parties, certainly the Trump Vance ticket, 216 00:10:20,840 --> 00:10:23,959 Speaker 3: to talk about her failure as the quote unquote borders are. 217 00:10:24,360 --> 00:10:27,200 Speaker 3: Is the border the issue that could dog Harris the most? 218 00:10:27,360 --> 00:10:30,079 Speaker 6: Now, this is really a base issue. This is an 219 00:10:30,120 --> 00:10:34,319 Speaker 6: issue for the Republican base, perhaps on the margins with independence, 220 00:10:34,640 --> 00:10:36,600 Speaker 6: but there are other issues, including the economy, that are 221 00:10:36,600 --> 00:10:39,320 Speaker 6: more important. This is really doubling now on the base, 222 00:10:39,360 --> 00:10:42,640 Speaker 6: showing the base that they've redirected the campaign towards a 223 00:10:42,679 --> 00:10:47,280 Speaker 6: new adversary, and it's not one that mobilizes or demobilizes 224 00:10:47,320 --> 00:10:48,240 Speaker 6: the Democratic base. 225 00:10:48,640 --> 00:10:50,880 Speaker 3: What mobilizes the Democratic base at least one of the 226 00:10:50,920 --> 00:10:53,280 Speaker 3: issues we understand to be abortion, an issue that she 227 00:10:53,440 --> 00:10:56,400 Speaker 3: as vice president has focused very heavily on. But the 228 00:10:56,480 --> 00:10:58,480 Speaker 3: question we keep asking is is that an issue that 229 00:10:58,559 --> 00:11:00,720 Speaker 3: not only people vote on, but will drive them to 230 00:11:00,760 --> 00:11:02,600 Speaker 3: the polls and force them to turn out as we 231 00:11:02,640 --> 00:11:05,280 Speaker 3: saw in the midterms in twenty twenty two. For example, 232 00:11:05,280 --> 00:11:07,920 Speaker 3: What does your latest pulling suggest about the potency of that. 233 00:11:08,320 --> 00:11:11,120 Speaker 6: Yeah, we don't know. It's unclear to what IX sent 234 00:11:11,200 --> 00:11:14,560 Speaker 6: will be a driver. She's strong on it. I believe 235 00:11:14,559 --> 00:11:18,800 Speaker 6: it reinforces her credibility overall as a candidate, and it 236 00:11:18,920 --> 00:11:22,319 Speaker 6: perhaps helps on the margins in some of the swing states, 237 00:11:22,520 --> 00:11:27,800 Speaker 6: especially with suburban women, maybe suburban women Republicans. But it's 238 00:11:27,840 --> 00:11:30,319 Speaker 6: a I would say, it's a it's not a secondary, 239 00:11:30,360 --> 00:11:32,400 Speaker 6: but it's a marginal issue relative to the economy. 240 00:11:32,600 --> 00:11:34,480 Speaker 3: And as we considered the idea that that could be 241 00:11:34,600 --> 00:11:37,520 Speaker 3: a turnout issue, ultimately I was struck. This was in 242 00:11:37,559 --> 00:11:41,040 Speaker 3: Politico this Morning. Vote dot Org in the two days 243 00:11:41,040 --> 00:11:43,640 Speaker 3: after Biden dropped out, says it's highest levels of new 244 00:11:43,720 --> 00:11:47,120 Speaker 3: voter registration of the whole cycle, a seven hundred percent spike, 245 00:11:47,520 --> 00:11:50,200 Speaker 3: with more than thirty eight thousand registrations, most of them 246 00:11:50,280 --> 00:11:53,439 Speaker 3: under thirty four. How should we be considering the way 247 00:11:53,480 --> 00:11:56,920 Speaker 3: in which the youth vote and that specific demographic could 248 00:11:57,000 --> 00:11:59,160 Speaker 3: change now that this entire race has been upended. 249 00:11:59,360 --> 00:12:03,280 Speaker 6: Well, we definitely there's more energy, and she's really generating 250 00:12:03,280 --> 00:12:06,120 Speaker 6: that energy. I think younger people can more identify with 251 00:12:06,200 --> 00:12:10,120 Speaker 6: her and with her policies. But will young people actually 252 00:12:10,120 --> 00:12:13,480 Speaker 6: show up on election day and vote that's always the question. 253 00:12:13,800 --> 00:12:15,280 Speaker 3: Well, and we know that one of the issues young 254 00:12:15,320 --> 00:12:17,800 Speaker 3: people have had, especially or at least was the case 255 00:12:17,840 --> 00:12:21,480 Speaker 3: with Biden in his campaign, was over Israel in Gaza, 256 00:12:21,520 --> 00:12:23,520 Speaker 3: and we are feeling that in Washington right now. There's 257 00:12:23,559 --> 00:12:26,400 Speaker 3: protesters everywhere as net Yahoo gets prepared to deliver this 258 00:12:26,760 --> 00:12:31,000 Speaker 3: joint address to Congress. How does Harris play off that issue? 259 00:12:31,000 --> 00:12:33,880 Speaker 3: Knowing her husband, for example, is Jewett, she has been 260 00:12:33,920 --> 00:12:37,199 Speaker 3: pro Israel, but is seen perhaps as more progressive. How 261 00:12:37,240 --> 00:12:40,400 Speaker 3: does she need to How can she navigate that issue 262 00:12:40,400 --> 00:12:43,439 Speaker 3: and not lose support among some of these key constituencies. 263 00:12:43,520 --> 00:12:46,120 Speaker 6: Well, I think she's probably in a better place than Biden, 264 00:12:46,840 --> 00:12:49,320 Speaker 6: especially as we think about let's say Michigan, which could 265 00:12:50,000 --> 00:12:53,440 Speaker 6: have been extremely problematic for the Democrats. It's a tricky issue. 266 00:12:53,520 --> 00:12:55,320 Speaker 6: She wants to stay in the middle, not going too 267 00:12:55,400 --> 00:12:57,720 Speaker 6: much to the one side of the other, you know, 268 00:12:57,800 --> 00:12:59,920 Speaker 6: to extent that she can stay away from it. I would, 269 00:13:00,559 --> 00:13:03,440 Speaker 6: But I think she's a better overall figure when it 270 00:13:03,480 --> 00:13:05,760 Speaker 6: comes to that issue a relative to Biden. 271 00:13:06,120 --> 00:13:07,960 Speaker 3: All Right, Cliff Young, always good to see you here 272 00:13:08,040 --> 00:13:09,000 Speaker 3: in our Washington, d C. 273 00:13:09,120 --> 00:13:09,480 Speaker 1: Studio. 274 00:13:09,480 --> 00:13:12,199 Speaker 3: With some great polling, We'll continue to watch the episodes, 275 00:13:12,240 --> 00:13:14,200 Speaker 3: polling as we get it, especially in some of those 276 00:13:15,120 --> 00:13:18,320 Speaker 3: swing states. Still early days, of course, so a lot 277 00:13:18,360 --> 00:13:20,200 Speaker 3: of things have to go out into the field. Cliff, 278 00:13:20,200 --> 00:13:21,040 Speaker 3: we appreciate it. 279 00:13:23,040 --> 00:13:26,360 Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ken 280 00:13:26,559 --> 00:13:30,079 Speaker 1: just Live weekdays at noon Eastern on Applecarplay and then roud. 281 00:13:29,920 --> 00:13:31,679 Speaker 2: Outro with the Bloomberg Business app. 282 00:13:31,720 --> 00:13:34,560 Speaker 1: You can also listen live on Amazon Alexa from our 283 00:13:34,600 --> 00:13:40,280 Speaker 1: flagship New York station, Just Say Alexa playing Bloomberg eleven thirty. 284 00:13:41,400 --> 00:13:43,360 Speaker 3: So as we look ahead, let's bring in Laura Davison. 285 00:13:43,400 --> 00:13:46,920 Speaker 3: She is Bloomberg Politics editor here with me in Washington. Laura, 286 00:13:46,960 --> 00:13:48,360 Speaker 3: this is going to be a big. 287 00:13:48,160 --> 00:13:49,160 Speaker 6: Moment for Biden. 288 00:13:49,200 --> 00:13:51,240 Speaker 3: We have only seen him speak from the Oval Office 289 00:13:51,360 --> 00:13:55,000 Speaker 3: very rarely during this term. How much of this is 290 00:13:55,040 --> 00:13:57,280 Speaker 3: a legacy speech and how much of this is a 291 00:13:57,400 --> 00:13:59,520 Speaker 3: campaign speech even though he is not the one that 292 00:13:59,559 --> 00:14:00,160 Speaker 3: is campaign. 293 00:14:00,920 --> 00:14:01,439 Speaker 6: It's kind of. 294 00:14:01,360 --> 00:14:03,320 Speaker 7: Fifty to fifty. And you even note that the campaign 295 00:14:03,920 --> 00:14:05,880 Speaker 7: element of this, the Trump campaign has picked up on 296 00:14:05,880 --> 00:14:07,520 Speaker 7: this and said, look, we want equal time, which is 297 00:14:07,559 --> 00:14:10,640 Speaker 7: technically an election rule here. But this is going to 298 00:14:10,640 --> 00:14:12,880 Speaker 7: be the first time that we will hear from Biden 299 00:14:13,320 --> 00:14:16,880 Speaker 7: on video in his own words about what this moment means. 300 00:14:17,120 --> 00:14:19,040 Speaker 7: He announced this decision that he would not run for 301 00:14:19,080 --> 00:14:22,480 Speaker 7: reelection in a post on x We did hear his 302 00:14:22,560 --> 00:14:24,160 Speaker 7: voice a little bit when he called in to talk 303 00:14:24,160 --> 00:14:27,320 Speaker 7: with campaign staffers, when Harris went to Wilmington to meet 304 00:14:27,320 --> 00:14:30,280 Speaker 7: with Noah was now her campaign team. But this is 305 00:14:30,280 --> 00:14:32,320 Speaker 7: the first time we'll see him. He's been down with COVID, 306 00:14:32,320 --> 00:14:34,040 Speaker 7: and so there's going to be a lot of questions 307 00:14:34,080 --> 00:14:36,760 Speaker 7: about how he looks. Does he seem at peace with 308 00:14:37,040 --> 00:14:38,360 Speaker 7: what the situation is. 309 00:14:38,400 --> 00:14:40,040 Speaker 3: Well, I'm glad you brought that up, Laura, because in 310 00:14:40,080 --> 00:14:42,080 Speaker 3: the aftermath of his decision to leave the race, we 311 00:14:42,120 --> 00:14:45,720 Speaker 3: have seen circulating, especially in Republican circles, questions about if 312 00:14:45,760 --> 00:14:48,280 Speaker 3: he is not fit to stand for reelection a too campaign, 313 00:14:48,360 --> 00:14:51,400 Speaker 3: why is he still fit to sit in the Oval office? 314 00:14:51,400 --> 00:14:53,600 Speaker 3: How much tonight does he have to address the questions 315 00:14:53,600 --> 00:14:56,600 Speaker 3: around his vitality and his mental acuity, his ability to 316 00:14:56,640 --> 00:14:58,480 Speaker 3: continue to do this shop for the next few months. 317 00:14:58,760 --> 00:15:01,520 Speaker 7: I expect that he won't address that specifically, but more 318 00:15:01,560 --> 00:15:03,680 Speaker 7: and just how he presents himself. You know, there's also 319 00:15:03,720 --> 00:15:05,800 Speaker 7: an argument that that Democrats are making of look, you know, 320 00:15:05,880 --> 00:15:08,400 Speaker 7: six months is very different than four more years. And 321 00:15:08,440 --> 00:15:10,040 Speaker 7: you know, the president has been doing the job for 322 00:15:10,120 --> 00:15:12,960 Speaker 7: three and a half years so far. That unless there's 323 00:15:12,960 --> 00:15:14,600 Speaker 7: a major health disclosure. And there's been a lot of 324 00:15:14,680 --> 00:15:16,520 Speaker 7: updates from his doctors in recent days that have all 325 00:15:16,520 --> 00:15:19,000 Speaker 7: said that he is fit to serve as president well. 326 00:15:19,040 --> 00:15:21,240 Speaker 7: And he, as you mentioned, when he called into the 327 00:15:21,280 --> 00:15:23,960 Speaker 7: headquarters of the campaign in Wilmington, Delaware, talked about how 328 00:15:23,960 --> 00:15:26,120 Speaker 7: he would be on the campaign trail, not on the ticket, 329 00:15:26,160 --> 00:15:29,360 Speaker 7: but in support of the woman he endorsed his vice president, 330 00:15:29,440 --> 00:15:32,040 Speaker 7: Kamala Harris. What role should we expect him to play 331 00:15:33,120 --> 00:15:36,240 Speaker 7: dividing the responsibilities of being president and being surrogate for 332 00:15:36,320 --> 00:15:38,720 Speaker 7: your vice president in a re election campaign. Knowing we 333 00:15:38,760 --> 00:15:42,160 Speaker 7: haven't seen a vice president of a sitting president doing 334 00:15:42,200 --> 00:15:46,320 Speaker 7: this in several election cycles, this is both unprecedented maybe 335 00:15:46,400 --> 00:15:47,640 Speaker 7: unprecedented too. 336 00:15:47,520 --> 00:15:49,160 Speaker 6: And just what this this looks like. 337 00:15:49,640 --> 00:15:50,840 Speaker 7: But this is going to be a tricky thing for 338 00:15:50,920 --> 00:15:52,640 Speaker 7: him to ballace, being you know, at the top of 339 00:15:52,680 --> 00:15:54,720 Speaker 7: the ticket and being a you know, sort of the 340 00:15:54,880 --> 00:15:58,320 Speaker 7: party's standard bearer for years. He now has to both 341 00:15:58,320 --> 00:16:01,040 Speaker 7: figure out how to let Harris and let her take 342 00:16:01,080 --> 00:16:03,600 Speaker 7: her own direction. But of course he is still president. 343 00:16:03,600 --> 00:16:05,840 Speaker 7: He is still the man in charge, but needs to 344 00:16:05,840 --> 00:16:09,560 Speaker 7: give her enough breathing room and also give her enough legislating, 345 00:16:09,600 --> 00:16:11,960 Speaker 7: give her enough you know, kind of executive power to 346 00:16:12,040 --> 00:16:13,360 Speaker 7: show that she could do the job. You know, we 347 00:16:13,400 --> 00:16:15,920 Speaker 7: see that this week with Netanyahu in town. She's meeting 348 00:16:15,920 --> 00:16:18,080 Speaker 7: with net Yahoo but separately from Biden to sort of 349 00:16:18,200 --> 00:16:19,600 Speaker 7: kind of be able to kind of go out there 350 00:16:19,720 --> 00:16:20,280 Speaker 7: on her own. 351 00:16:20,440 --> 00:16:21,720 Speaker 4: Yeah, and of course that. 352 00:16:21,560 --> 00:16:24,240 Speaker 3: Net Yahi meeting is happening tomorrow because she's in Indianapolis 353 00:16:24,240 --> 00:16:26,360 Speaker 3: today after being in Milwaukee yesterday. She's going to be 354 00:16:26,400 --> 00:16:29,720 Speaker 3: in Texas tomorrow. She certainly is on the move, and 355 00:16:29,760 --> 00:16:31,680 Speaker 3: things around the move within the Democratic Party is it 356 00:16:31,760 --> 00:16:35,760 Speaker 3: consolidates around her. Obviously, rules being decided on today by 357 00:16:35,760 --> 00:16:38,400 Speaker 3: the Democratic National Committee. I've had a lot of questions 358 00:16:38,440 --> 00:16:41,360 Speaker 3: about just we know the DNC starts April nineteenth, but 359 00:16:41,400 --> 00:16:42,840 Speaker 3: if you're trying to get on a ballot and you're 360 00:16:42,840 --> 00:16:46,160 Speaker 3: facing an August seventh deadline, how quickly all of this 361 00:16:46,240 --> 00:16:48,880 Speaker 3: will happen, not just for Harris when it comes to 362 00:16:48,920 --> 00:16:51,200 Speaker 3: a virtual roll call vote, but also for potentially her 363 00:16:51,320 --> 00:16:52,960 Speaker 3: vice president. How does all of this have to work 364 00:16:52,960 --> 00:16:54,760 Speaker 3: in terms of sequencing in the next few weeks. Yeah, 365 00:16:54,760 --> 00:16:57,160 Speaker 3: so it's a really incredibly compressed timeline. You know, it 366 00:16:57,200 --> 00:16:59,360 Speaker 3: was just Sunday that you know, she basically. 367 00:16:59,200 --> 00:17:01,480 Speaker 7: Came out as the nominee. It was clear by Monday 368 00:17:01,480 --> 00:17:03,280 Speaker 7: there was going to be no serious challenges to her. 369 00:17:03,360 --> 00:17:06,520 Speaker 7: She locked it up Monday night. She's now signaling that 370 00:17:06,560 --> 00:17:09,560 Speaker 7: she will have someone picked by sort of the August 371 00:17:09,600 --> 00:17:12,320 Speaker 7: seventh is when the DNC has sort of suggested, So 372 00:17:12,520 --> 00:17:14,119 Speaker 7: you know, the next ten days or so, she'll have 373 00:17:14,160 --> 00:17:16,600 Speaker 7: that decided and then you know, then we'll roll right 374 00:17:16,600 --> 00:17:19,560 Speaker 7: into the DNC when they'll officially get the nomination. So 375 00:17:19,600 --> 00:17:21,480 Speaker 7: it's going to be very tightly turned. Her campaign right 376 00:17:21,520 --> 00:17:25,040 Speaker 7: now is vetting different candidates, and you know, right now 377 00:17:25,040 --> 00:17:27,560 Speaker 7: it's looking like it might be someone like Roy Cooper 378 00:17:27,600 --> 00:17:31,240 Speaker 7: of North Carolina, Mark Kelly of Arizona, or even potentially 379 00:17:31,520 --> 00:17:32,960 Speaker 7: Joshapiro of Pennsylvania. 380 00:17:33,080 --> 00:17:36,400 Speaker 3: One of our political panelists, Lester Munson of BGR Group, 381 00:17:36,480 --> 00:17:38,600 Speaker 3: was suggesting, maybe look at Mark Warner. It's some national 382 00:17:38,600 --> 00:17:41,679 Speaker 3: security experience from the Democrat from Virginia, but he's not 383 00:17:41,680 --> 00:17:44,399 Speaker 3: on any shortlist at least that we've heard about. Laura Davison, 384 00:17:44,440 --> 00:17:47,360 Speaker 3: Bloomberg Politics Editor, thank you so much. Let's get back 385 00:17:47,400 --> 00:17:50,040 Speaker 3: to Lester now joined today, of course, he being our 386 00:17:50,080 --> 00:17:53,840 Speaker 3: Republican strategist by our signature Democratic panelist Jeanie Shanzano of 387 00:17:53,840 --> 00:17:57,639 Speaker 3: Iona University. So we can talk more about Harris. But 388 00:17:57,680 --> 00:18:00,360 Speaker 3: I do want to begin first with this speech we're 389 00:18:00,400 --> 00:18:03,439 Speaker 3: going to get from Biden in prime time tonight. I 390 00:18:03,520 --> 00:18:06,399 Speaker 3: just asked this question of Laura Jeanie, but to what 391 00:18:06,480 --> 00:18:08,680 Speaker 3: extent does he need to make this a speech about 392 00:18:08,680 --> 00:18:11,800 Speaker 3: his legacy and his presidency, and to what extent does 393 00:18:11,800 --> 00:18:13,760 Speaker 3: he need to make this a speech about the potential 394 00:18:14,240 --> 00:18:15,480 Speaker 3: of a Harris presidency. 395 00:18:17,200 --> 00:18:20,640 Speaker 8: I think he's gonna balance those things. There has been 396 00:18:20,720 --> 00:18:23,840 Speaker 8: a lot of good will from Democrats and I'm sure 397 00:18:23,880 --> 00:18:28,560 Speaker 8: many Americans towards Joe Biden since he made this really 398 00:18:28,720 --> 00:18:32,920 Speaker 8: difficult decision to step down or withdraw from the race, 399 00:18:33,640 --> 00:18:36,040 Speaker 8: and so I think that that he would, you know, 400 00:18:36,359 --> 00:18:39,720 Speaker 8: play on that good will, talk about what he has done, 401 00:18:40,080 --> 00:18:43,320 Speaker 8: what he hopes to do in is remaining five six months, 402 00:18:43,720 --> 00:18:46,560 Speaker 8: and of course that is setting up for his legacy, 403 00:18:46,880 --> 00:18:51,640 Speaker 8: and of course support his vice president, who he has endorsed. 404 00:18:51,680 --> 00:18:54,560 Speaker 8: So I think we will see all three of those things. 405 00:18:55,000 --> 00:18:58,000 Speaker 8: This is the first time we have seen a sitting 406 00:18:58,119 --> 00:19:02,120 Speaker 8: president in this position. Many Americans were not alive when 407 00:19:02,200 --> 00:19:05,159 Speaker 8: Lyndon Johnson came out in sixty eight to pick this speech. 408 00:19:05,440 --> 00:19:09,320 Speaker 8: So it is a really important moment for Americans and 409 00:19:09,359 --> 00:19:12,320 Speaker 8: one that we are not used to somebody stepping aside 410 00:19:12,359 --> 00:19:14,160 Speaker 8: and opening the door for somebody else. 411 00:19:16,080 --> 00:19:18,480 Speaker 3: Yeah, it's an excellent point. The parallels to sixty eight 412 00:19:18,480 --> 00:19:20,960 Speaker 3: continue to be drawn, not least of which is because, 413 00:19:22,200 --> 00:19:25,000 Speaker 3: like in nineteen sixty eight, the Democratic Convention also is 414 00:19:25,000 --> 00:19:27,919 Speaker 3: going to be held in Chicago this time around. What 415 00:19:27,920 --> 00:19:31,919 Speaker 3: do they say about history and rhyming? But Lester, I 416 00:19:32,000 --> 00:19:36,399 Speaker 3: wonder too, to the extent that we know that Republicans 417 00:19:36,440 --> 00:19:38,399 Speaker 3: have an issue with Joe Biden continuing to be in 418 00:19:38,440 --> 00:19:41,000 Speaker 3: the Oval office if there are questions about his ability 419 00:19:41,440 --> 00:19:43,720 Speaker 3: to be vigorous and be out on the campaign trail. 420 00:19:43,800 --> 00:19:45,840 Speaker 3: Their suggestion is why should he be able to be 421 00:19:46,280 --> 00:19:48,320 Speaker 3: in the Oval office? Is he able to put those 422 00:19:48,359 --> 00:19:51,960 Speaker 3: concerns to bed with this address tonight? And frankly, is 423 00:19:52,000 --> 00:19:56,280 Speaker 3: it still a productive line of inquiry or smart way 424 00:19:56,320 --> 00:19:58,840 Speaker 3: to spend political capital for Republicans right now? Should they 425 00:19:58,840 --> 00:20:00,359 Speaker 3: just be focusing on Harrison debt? 426 00:20:01,200 --> 00:20:02,959 Speaker 4: I think the answer to all of your questions. Is 427 00:20:03,000 --> 00:20:07,520 Speaker 4: no Kayley. By the way, I remember the LBJ speech 428 00:20:07,800 --> 00:20:10,120 Speaker 4: in I think it was March of nineteen sixty eight. 429 00:20:10,119 --> 00:20:12,040 Speaker 4: I was six months old, and I've had this weird 430 00:20:12,119 --> 00:20:16,000 Speaker 4: sense of deja vu for the last three days. I 431 00:20:16,000 --> 00:20:17,760 Speaker 4: did ask my dad, did I see that on TV? 432 00:20:18,040 --> 00:20:18,240 Speaker 2: Yes? 433 00:20:18,320 --> 00:20:21,360 Speaker 4: I did, so I've been around for both of them. 434 00:20:22,040 --> 00:20:25,480 Speaker 4: I think President Biden does have an issue to show 435 00:20:25,520 --> 00:20:27,840 Speaker 4: he can do the job. He needs to show that 436 00:20:28,000 --> 00:20:30,320 Speaker 4: really every single day for the next six months. This 437 00:20:30,440 --> 00:20:32,040 Speaker 4: is not something that will be put to bed by 438 00:20:32,080 --> 00:20:35,199 Speaker 4: one speech. He's got to continually demonstrate that because I 439 00:20:35,200 --> 00:20:38,480 Speaker 4: think Americans have questions and it is fair for them 440 00:20:38,520 --> 00:20:42,439 Speaker 4: to have questions about that. So this speech tonight is 441 00:20:43,160 --> 00:20:46,000 Speaker 4: I think it's entirely about his legacy, because his legacy 442 00:20:46,119 --> 00:20:48,720 Speaker 4: is I'm the guy who kept Donald who kicked Donald 443 00:20:48,760 --> 00:20:50,600 Speaker 4: Trump out of the White House, and I'm going to 444 00:20:50,680 --> 00:20:53,240 Speaker 4: keep him out by handing the baton to Kamala Harris 445 00:20:53,520 --> 00:20:56,120 Speaker 4: in November. That's what he's shooting for for the legacy here. 446 00:20:56,160 --> 00:20:59,040 Speaker 4: So I think this is not just a campaign speech, 447 00:20:59,840 --> 00:21:01,960 Speaker 4: not just a legacy speech. It's all of it tied 448 00:21:01,960 --> 00:21:06,240 Speaker 4: into one package. I think the Republicans, for their for 449 00:21:06,320 --> 00:21:08,800 Speaker 4: them to have a chance. For president former President Trump 450 00:21:08,800 --> 00:21:11,960 Speaker 4: to have a chance in November, and his chance is 451 00:21:12,040 --> 00:21:14,600 Speaker 4: much smaller now than it used to be. He's got 452 00:21:14,640 --> 00:21:17,800 Speaker 4: to make this about Kamala Harris and her record and 453 00:21:17,840 --> 00:21:21,400 Speaker 4: how she will govern as president. The bump that she's 454 00:21:21,440 --> 00:21:24,320 Speaker 4: getting now is very significant. She's raising a lot of money, 455 00:21:24,359 --> 00:21:27,080 Speaker 4: but it's going to fade over time in terms of popularity. 456 00:21:27,400 --> 00:21:29,240 Speaker 4: The Republicans need to be in a place where they're 457 00:21:29,280 --> 00:21:32,680 Speaker 4: offering a clear alternative to how she would govern this country. 458 00:21:33,200 --> 00:21:34,760 Speaker 4: Whether they're going to be able to do that or 459 00:21:34,840 --> 00:21:37,800 Speaker 4: not will remains to be seen. But I think I 460 00:21:37,800 --> 00:21:40,360 Speaker 4: think going after the guy in the office right now, 461 00:21:40,440 --> 00:21:44,359 Speaker 4: Joe Biden, is a mistake. He's only he can demonstrate 462 00:21:44,359 --> 00:21:46,960 Speaker 4: his fitness or not. I think the Republicans would better 463 00:21:46,960 --> 00:21:48,200 Speaker 4: suit it. Just let him do that. 464 00:21:50,000 --> 00:21:50,200 Speaker 1: Well. 465 00:21:50,320 --> 00:21:53,879 Speaker 3: Jeanie as Lester talks about here the idea that Harris 466 00:21:53,880 --> 00:21:55,920 Speaker 3: does need to have her record out there, and it's 467 00:21:55,960 --> 00:21:58,800 Speaker 3: her record up against Donald Trump's ultimately in November. We've 468 00:21:58,840 --> 00:22:00,920 Speaker 3: talked a lot in the last few about the idea 469 00:22:00,960 --> 00:22:04,160 Speaker 3: that she herself may need to create some separation from 470 00:22:04,200 --> 00:22:07,440 Speaker 3: President Biden and what the administration has done in terms 471 00:22:07,440 --> 00:22:10,280 Speaker 3: of policy. But to what extent is Biden also responsible 472 00:22:10,640 --> 00:22:13,480 Speaker 3: for creating that separation for her? Should he be drawing 473 00:22:13,560 --> 00:22:16,720 Speaker 3: distinctions between the way he thinks and the way she thinks? 474 00:22:18,080 --> 00:22:20,560 Speaker 8: No, you know, I think Biden should be in a 475 00:22:20,600 --> 00:22:23,480 Speaker 8: position where he talks about the positive things he is 476 00:22:23,520 --> 00:22:26,160 Speaker 8: handing over to her. And there is a laundry list. 477 00:22:26,200 --> 00:22:29,160 Speaker 8: I mean, we cannot forget. When he came into office 478 00:22:29,280 --> 00:22:32,600 Speaker 8: in twenty twenty, twenty twenty one, very few of us 479 00:22:32,720 --> 00:22:36,560 Speaker 8: expected that he would pass any major piece of legislation, 480 00:22:36,680 --> 00:22:39,800 Speaker 8: let alone the number that he did because Congress was 481 00:22:39,840 --> 00:22:43,159 Speaker 8: so divided. So he has a lot to be proud of. 482 00:22:43,280 --> 00:22:45,800 Speaker 8: And he hands, as Lester said, the baton to her, 483 00:22:46,280 --> 00:22:49,080 Speaker 8: and it is up to her to differentiate herself and 484 00:22:49,119 --> 00:22:51,000 Speaker 8: whether that's going to be on an issue like we're 485 00:22:51,000 --> 00:22:53,520 Speaker 8: talking a lot about today, the Middle East and Gaza, 486 00:22:53,840 --> 00:22:56,280 Speaker 8: whether that's going to be on the issue of inflation. 487 00:22:57,160 --> 00:23:00,000 Speaker 8: I've been paying careful attention to what she's been taught 488 00:23:00,000 --> 00:23:03,520 Speaker 8: talking about, and one thing she has worked on independently 489 00:23:03,560 --> 00:23:06,240 Speaker 8: of Biden, amongst many is housing. 490 00:23:06,640 --> 00:23:08,000 Speaker 9: That is a huge. 491 00:23:07,680 --> 00:23:10,840 Speaker 8: Cost of living concern for Americans. We've seen Biden try 492 00:23:10,880 --> 00:23:13,440 Speaker 8: to tap into that I think we may see her 493 00:23:13,480 --> 00:23:17,280 Speaker 8: differentiate herself even more on that kind of issue. But 494 00:23:17,359 --> 00:23:20,800 Speaker 8: again I think that is up to Kamala Harris to do. 495 00:23:21,240 --> 00:23:24,120 Speaker 8: And Joe Biden needs to talk about handing the baton 496 00:23:24,240 --> 00:23:27,239 Speaker 8: smoothly over to her. And I have to say, and 497 00:23:27,520 --> 00:23:30,439 Speaker 8: I don't say this lightly. So far, so good on 498 00:23:30,480 --> 00:23:33,159 Speaker 8: the Democrat side making this handover. I thought it was 499 00:23:33,200 --> 00:23:35,560 Speaker 8: going to be a lot bumpier than it is, you know, 500 00:23:35,680 --> 00:23:37,480 Speaker 8: seventy two ninety six hours in. 501 00:23:38,920 --> 00:23:41,080 Speaker 3: Well, Genie, I'm glad he raised Israel in our final 502 00:23:41,119 --> 00:23:43,879 Speaker 3: minutes here, Lester. Of course, we are awaiting this address 503 00:23:43,920 --> 00:23:48,480 Speaker 3: from Netanyahu at two pm Eastern time in Congress. Biden's 504 00:23:48,520 --> 00:23:50,399 Speaker 3: going to be meeting with him tomorrow as well, as 505 00:23:50,480 --> 00:23:53,640 Speaker 3: we've discussed. To what extent, knowing that you had co 506 00:23:53,680 --> 00:23:56,960 Speaker 3: had the international practice at BGR, To what extent does 507 00:23:57,000 --> 00:23:59,520 Speaker 3: Biden lose leverage as he pushes for a ceasefire or 508 00:23:59,560 --> 00:24:02,840 Speaker 3: something we understand he wants to see accomplished during his 509 00:24:02,920 --> 00:24:05,960 Speaker 3: first and what will be his only presidential term. If 510 00:24:05,960 --> 00:24:08,120 Speaker 3: he wants to see a ceasefire done, does net Nyah, 511 00:24:08,160 --> 00:24:13,640 Speaker 3: who now have less incentive? I guess is the way 512 00:24:13,680 --> 00:24:15,760 Speaker 3: to say it because he knows Biden is effectively now 513 00:24:15,800 --> 00:24:18,080 Speaker 3: a lame duck to agree to what Biden wants. 514 00:24:20,800 --> 00:24:25,600 Speaker 4: I think net Nyah, who's focused on the security of 515 00:24:25,640 --> 00:24:27,560 Speaker 4: the State of Israel. Of course, he's focused on his 516 00:24:27,600 --> 00:24:32,280 Speaker 4: own political stability and whether he can remain in office 517 00:24:32,280 --> 00:24:34,960 Speaker 4: and whether his government will survive. I think the best 518 00:24:34,960 --> 00:24:37,560 Speaker 4: way to address both of those things is to engage 519 00:24:38,160 --> 00:24:42,640 Speaker 4: proactively with the Biden administration on its efforts to come 520 00:24:42,680 --> 00:24:47,760 Speaker 4: to a ceasefire in Gaza. Israel has largely achieved, not completely, 521 00:24:47,760 --> 00:24:51,439 Speaker 4: but largely achieved its military aims in Gaza. There's a 522 00:24:51,480 --> 00:24:56,080 Speaker 4: clear pivot coming, and I think the Prime Minister knows 523 00:24:56,119 --> 00:25:00,520 Speaker 4: at the end of the day, his most important relationship 524 00:25:00,560 --> 00:25:03,360 Speaker 4: in the world is with Washington. He needs to have 525 00:25:04,320 --> 00:25:07,400 Speaker 4: bipartisan strength. He's the Republicans are just fine for him. 526 00:25:07,720 --> 00:25:09,800 Speaker 4: He really needs to shore up his standing with the 527 00:25:09,840 --> 00:25:13,760 Speaker 4: administration and Congressional Democrats is a big weak spot for him. 528 00:25:13,800 --> 00:25:15,879 Speaker 4: I think he can go. I think the best thing 529 00:25:15,920 --> 00:25:19,560 Speaker 4: he can do is embrace the work that Biden and 530 00:25:19,600 --> 00:25:21,760 Speaker 4: his people have done. I say this as a Republican. 531 00:25:22,080 --> 00:25:24,639 Speaker 4: The best thing Netta who can do is embrace the 532 00:25:24,680 --> 00:25:26,840 Speaker 4: Peace Plan, the work that has been done by American 533 00:25:26,880 --> 00:25:30,160 Speaker 4: diplomats and engage with them on finding a solution here. 534 00:25:31,280 --> 00:25:33,920 Speaker 4: He can't look like he's the obstacle. That is going 535 00:25:33,960 --> 00:25:36,320 Speaker 4: to be a big problem for him and it will 536 00:25:36,320 --> 00:25:39,719 Speaker 4: be a problem for the relationship between the US and Israel. 537 00:25:39,720 --> 00:25:44,480 Speaker 3: Also, all right, Lester Munson and Jeanie Shanzo our political 538 00:25:44,520 --> 00:25:46,440 Speaker 3: panel today, Thank you both so much. 539 00:25:48,280 --> 00:25:51,800 Speaker 1: You're listening to the Bloomberg Balance of Power podcast Ketch 540 00:25:51,880 --> 00:25:54,800 Speaker 1: just live weekdays at noon Eastern on epocr. 541 00:25:54,480 --> 00:25:57,000 Speaker 2: Play and then Proudoro with the Bloomberg Business app. 542 00:25:57,080 --> 00:26:00,479 Speaker 1: Listen on demand wherever you get your podcasts, watch us 543 00:26:00,520 --> 00:26:03,840 Speaker 1: live on YouTube. 544 00:26:04,680 --> 00:26:06,639 Speaker 3: And I would notice not just outside groups that are 545 00:26:06,640 --> 00:26:09,040 Speaker 3: showing up to protest here in DC today, there are 546 00:26:09,080 --> 00:26:12,600 Speaker 3: some protests happening within the Capitol itself and the lawmakers 547 00:26:13,160 --> 00:26:14,960 Speaker 3: that spend a lot of their time there as Many 548 00:26:14,960 --> 00:26:18,679 Speaker 3: Democrats have chosen not to attend net Yahu's address, in 549 00:26:18,720 --> 00:26:21,240 Speaker 3: part because of disagreements over the way in which the 550 00:26:21,320 --> 00:26:25,040 Speaker 3: Israeli government is handling the ongoing war in Gaza. We 551 00:26:25,080 --> 00:26:27,359 Speaker 3: turn now to one of those lawmakers. I'm pleased to 552 00:26:27,359 --> 00:26:30,480 Speaker 3: welcome back to Bloomberg TV and Radio, Democratic Congressman Ami 553 00:26:30,480 --> 00:26:34,720 Speaker 3: Beerra of California. Sir, welcome back to Bloomberg. It's always 554 00:26:34,720 --> 00:26:37,400 Speaker 3: great to have you. Obviously, you have made the decision 555 00:26:37,440 --> 00:26:40,639 Speaker 3: not to listen to Netanya who speak today, Why not 556 00:26:40,840 --> 00:26:42,280 Speaker 3: just hear what he has to. 557 00:26:42,240 --> 00:26:46,080 Speaker 10: Say, Kaylee, thanks for having me back on. I wouldn't 558 00:26:46,160 --> 00:26:49,280 Speaker 10: characterize it as a protest, but I would characterize it. 559 00:26:49,320 --> 00:26:53,520 Speaker 10: You know, I don't agree with how he's prosecuting the 560 00:26:53,520 --> 00:26:55,080 Speaker 10: war at this stage. 561 00:26:55,200 --> 00:26:56,160 Speaker 9: I do you think you. 562 00:26:56,160 --> 00:26:59,639 Speaker 10: Have a real tangible cease fire deal that's on the 563 00:26:59,640 --> 00:27:04,080 Speaker 10: table that could pause the war and hopefully get to 564 00:27:04,119 --> 00:27:07,560 Speaker 10: a permanent ceasefire, but could also allow the release of hostages. 565 00:27:08,200 --> 00:27:10,320 Speaker 10: The reason why I made the decision that I did 566 00:27:10,840 --> 00:27:14,760 Speaker 10: in terms of not attending is after meeting with families 567 00:27:14,760 --> 00:27:18,760 Speaker 10: of hostages American hostages yesterday, the one asked they had 568 00:27:18,840 --> 00:27:22,040 Speaker 10: of us was to put pressure on Benjamin net Yahoo 569 00:27:22,560 --> 00:27:25,520 Speaker 10: to agree to the ceasefire deal, to publicly agree good 570 00:27:26,560 --> 00:27:29,240 Speaker 10: And he's not meeting with us here out on the hill. 571 00:27:29,640 --> 00:27:31,880 Speaker 9: So this is one way that I thought I. 572 00:27:31,840 --> 00:27:34,240 Speaker 10: Could make a statement to try to get to that 573 00:27:34,320 --> 00:27:37,800 Speaker 10: ceasefire deal and get the families that have loved ones 574 00:27:37,920 --> 00:27:39,480 Speaker 10: being held hostage released. 575 00:27:41,440 --> 00:27:45,159 Speaker 3: So Congressmen, do you think that Republicans in your chamber 576 00:27:45,480 --> 00:27:48,040 Speaker 3: in Congress more widely are putting that pressure on net 577 00:27:48,040 --> 00:27:50,280 Speaker 3: and Yahoo? Does the pressure buy and large have to 578 00:27:50,320 --> 00:27:52,879 Speaker 3: come from the executive branch and President Biden? 579 00:27:54,000 --> 00:27:57,120 Speaker 10: You know, I think the pressure should come from all 580 00:27:57,160 --> 00:28:00,479 Speaker 10: of us, because there should be a paramount urgency. It's 581 00:28:00,520 --> 00:28:03,040 Speaker 10: two hundred and ninety two days that people have been 582 00:28:03,040 --> 00:28:07,200 Speaker 10: held hostage in really cramped quarters. We heard from one 583 00:28:08,119 --> 00:28:12,000 Speaker 10: survivor who was released back in the last hostage release 584 00:28:12,040 --> 00:28:16,000 Speaker 10: about how horrific the conditions were. So I think there 585 00:28:16,080 --> 00:28:19,600 Speaker 10: is an urgency to put pressure on the Prime Minister 586 00:28:19,800 --> 00:28:23,320 Speaker 10: to accept the cease fire, to publicly say so, and 587 00:28:23,400 --> 00:28:25,480 Speaker 10: then look for a path forward. You know, there is 588 00:28:25,520 --> 00:28:29,600 Speaker 10: an opportunity to normalize relations with Saudi Arabia, with the 589 00:28:29,680 --> 00:28:33,720 Speaker 10: other Arab country six, spound on the Abraham Accords and 590 00:28:33,760 --> 00:28:36,680 Speaker 10: think about a different future here. And I'm in full 591 00:28:36,720 --> 00:28:40,320 Speaker 10: support of Israel. I think Israel is a Jewish state 592 00:28:40,360 --> 00:28:43,600 Speaker 10: that we should protect, but I would like to see 593 00:28:43,600 --> 00:28:46,440 Speaker 10: a different future for the whole Middle East. 594 00:28:48,200 --> 00:28:51,640 Speaker 3: Well, we know that President Biden, together with Prime Minister Netanya, 595 00:28:51,640 --> 00:28:54,160 Speaker 3: who will be meeting with the families of American hostages 596 00:28:54,200 --> 00:28:57,360 Speaker 3: that are still being held by Hamas tomorrow after their 597 00:28:57,400 --> 00:29:00,440 Speaker 3: bilateral meeting at the White House. But Conan, you and 598 00:29:00,520 --> 00:29:02,640 Speaker 3: I both know, as do they, that this meeting is 599 00:29:02,680 --> 00:29:05,600 Speaker 3: happening in the context of what has been an incredible 600 00:29:05,640 --> 00:29:09,200 Speaker 3: week in US politics, with Biden's decision not to seek reelection. 601 00:29:09,280 --> 00:29:12,560 Speaker 3: Are you concerned that his ability to exercise leverage over 602 00:29:12,600 --> 00:29:15,720 Speaker 3: Netanyahu in the Israeli government is now diminished because of 603 00:29:15,720 --> 00:29:17,840 Speaker 3: his decision not to seek a second term. 604 00:29:19,080 --> 00:29:22,040 Speaker 10: No, because I think President Biden has been a steadfast 605 00:29:22,120 --> 00:29:26,000 Speaker 10: supporter of Israel, but he's also made hard decisions, and 606 00:29:26,080 --> 00:29:29,160 Speaker 10: he's had very direct conversations with Prime Minster net Yahou. 607 00:29:29,720 --> 00:29:33,680 Speaker 10: I think what President Biden did last Sunday was the 608 00:29:33,720 --> 00:29:37,640 Speaker 10: symbol of character and leadership, putting country first, and I 609 00:29:37,680 --> 00:29:40,920 Speaker 10: think that's what we're asking Prime Minster net Yahoo to do. 610 00:29:41,480 --> 00:29:44,520 Speaker 10: I understand the political risk that he has in terms 611 00:29:44,520 --> 00:29:48,560 Speaker 10: of holding his coalition on hard right individuals in Israel together, 612 00:29:49,360 --> 00:29:52,600 Speaker 10: but listening to the family of the hostages, understanding what 613 00:29:52,640 --> 00:29:58,040 Speaker 10: I hear from leading Israeli security officials and others, this 614 00:29:58,080 --> 00:29:59,120 Speaker 10: is a good cease fire. 615 00:29:59,320 --> 00:30:01,880 Speaker 9: They ma negotiated it, they agree to it. 616 00:30:02,960 --> 00:30:06,680 Speaker 10: I don't expect Amas or Sinwar to necessarily agree to 617 00:30:06,720 --> 00:30:09,800 Speaker 10: the terms of the deal. But let's put the pressure 618 00:30:09,840 --> 00:30:13,080 Speaker 10: on them by actually having Prime Minister night Yahoo come 619 00:30:13,080 --> 00:30:14,640 Speaker 10: out and say he. 620 00:30:14,720 --> 00:30:17,080 Speaker 9: Supports the ceasefire deal. It's been negotiated. 621 00:30:17,360 --> 00:30:22,320 Speaker 10: Now Sidmar doesn't the pressure and focuses on him. 622 00:30:22,640 --> 00:30:24,800 Speaker 3: Yeah, And I wonder to what extent we'll hear about 623 00:30:24,800 --> 00:30:27,680 Speaker 3: how Joe Biden wants a ceasefire achieved during the remainder 624 00:30:27,720 --> 00:30:30,320 Speaker 3: of his presidency when he addresses the nation from the 625 00:30:30,320 --> 00:30:33,440 Speaker 3: Oval Office in primetime tonight. Congressman, we also expect that 626 00:30:33,480 --> 00:30:36,200 Speaker 3: he may have some words about his vice President Kamala 627 00:30:36,280 --> 00:30:39,520 Speaker 3: Harris when it comes specifically to the issue of Israel. 628 00:30:39,560 --> 00:30:43,200 Speaker 3: How would you expect her policy would differ if she 629 00:30:43,280 --> 00:30:44,520 Speaker 3: were elected in November. 630 00:30:45,520 --> 00:30:47,880 Speaker 10: You know, I think if she's elected in November, I 631 00:30:47,880 --> 00:30:50,760 Speaker 10: think she would continue some of the same policies of 632 00:30:50,880 --> 00:30:53,640 Speaker 10: Biden administration. I think she might be a little bit 633 00:30:53,640 --> 00:30:58,240 Speaker 10: more forceful in saying the time is now for ceasefire. 634 00:30:58,560 --> 00:31:02,320 Speaker 10: There's a humanitarian price unfolding in Gaza. You know that 635 00:31:02,640 --> 00:31:05,600 Speaker 10: is not warrant. That is something we have the ability 636 00:31:05,640 --> 00:31:11,600 Speaker 10: to relieve, food, water, medications. There's an urgency to get that, 637 00:31:11,680 --> 00:31:13,800 Speaker 10: Don and I think about that from the perspective of 638 00:31:13,880 --> 00:31:14,560 Speaker 10: being a doctor. 639 00:31:15,040 --> 00:31:17,480 Speaker 9: I also again, I'm not letting Hamas off the hook. 640 00:31:17,480 --> 00:31:21,200 Speaker 10: I'm not letting Daja Simor off the hook, the military 641 00:31:21,280 --> 00:31:22,280 Speaker 10: leader of Hamas. 642 00:31:22,320 --> 00:31:24,920 Speaker 9: What they did on October seventh was atrocious. 643 00:31:25,200 --> 00:31:27,360 Speaker 10: But I do think for the sake of the Israel 644 00:31:27,400 --> 00:31:29,800 Speaker 10: that I'd like to see the Israel that I saw 645 00:31:29,880 --> 00:31:32,640 Speaker 10: last summer pre October seventh. 646 00:31:33,880 --> 00:31:35,440 Speaker 9: I'd like to see a different future. 647 00:31:35,480 --> 00:31:38,760 Speaker 10: And I know we're holding the possibility of a deal 648 00:31:38,800 --> 00:31:41,560 Speaker 10: with Saudi Arabia open, but it gets harder and harder 649 00:31:41,560 --> 00:31:42,880 Speaker 10: and longer this war Conveness. 650 00:31:44,560 --> 00:31:47,920 Speaker 3: Well, Congressman, I'm glad you raised the humanitarian aspect here 651 00:31:47,960 --> 00:31:51,920 Speaker 3: because that has been a challenge for the incumbent administration. 652 00:31:52,280 --> 00:31:55,920 Speaker 3: Does Kamala Harris, if she becomes President Harris, need to 653 00:31:55,920 --> 00:31:58,479 Speaker 3: do a better job than the administration she's been attached 654 00:31:58,480 --> 00:32:00,040 Speaker 3: to for the last three and a half years on 655 00:32:00,080 --> 00:32:00,520 Speaker 3: that front. 656 00:32:01,480 --> 00:32:05,120 Speaker 10: Well, I think the President Biden and the team around 657 00:32:05,120 --> 00:32:07,600 Speaker 10: President Biden has been trying to put as much pressure 658 00:32:07,600 --> 00:32:13,280 Speaker 10: on tho Israelis to allow humanertinany to flow freely into Gaza. 659 00:32:14,160 --> 00:32:17,080 Speaker 9: One of my disagreements with Prime mister Natyaho. And another 660 00:32:17,120 --> 00:32:18,200 Speaker 9: reason why I'm not there is. 661 00:32:18,520 --> 00:32:20,880 Speaker 10: I think he's been reluctant to allow that aid to 662 00:32:20,920 --> 00:32:24,480 Speaker 10: flow in, and I think that's a big mistake. And again, 663 00:32:25,960 --> 00:32:29,000 Speaker 10: my hope is when he gives his address to Congress today, 664 00:32:29,280 --> 00:32:31,680 Speaker 10: that we hear from him it's like, it's time for 665 00:32:31,800 --> 00:32:33,440 Speaker 10: us to end this war. It's time for us to 666 00:32:33,800 --> 00:32:36,760 Speaker 10: get the hostages home. We've got a good ceasefire deal 667 00:32:36,840 --> 00:32:39,959 Speaker 10: on the table. Let's accept that cease fire deal. And 668 00:32:40,000 --> 00:32:42,720 Speaker 10: now the pressure is on Hamas to accept that deal. 669 00:32:43,560 --> 00:32:45,400 Speaker 9: I don't know we'll hear that. That's what I would 670 00:32:45,400 --> 00:32:45,840 Speaker 9: love to hear. 671 00:32:47,120 --> 00:32:47,280 Speaker 10: Well. 672 00:32:47,280 --> 00:32:49,000 Speaker 3: I guess we'll all find out just about half an 673 00:32:49,040 --> 00:32:51,480 Speaker 3: hour from now. As you speak to the humanitarian aspect 674 00:32:51,480 --> 00:32:53,520 Speaker 3: of all of this. As a doctor, I'd like to 675 00:32:53,800 --> 00:32:56,160 Speaker 3: ask you another question in your capacity, not just as 676 00:32:56,160 --> 00:32:58,360 Speaker 3: a congressman, but as a doctor. Knowing there have been 677 00:32:58,360 --> 00:33:01,480 Speaker 3: many Republicans, including from within your own chamber, who have 678 00:33:01,520 --> 00:33:04,320 Speaker 3: suggested that if Biden is not fit to campaign and 679 00:33:04,360 --> 00:33:07,600 Speaker 3: stand for reelection, he should no longer be fit to 680 00:33:07,680 --> 00:33:10,880 Speaker 3: sit in the Oval office. As a doctor, what do 681 00:33:10,920 --> 00:33:11,440 Speaker 3: you say to that? 682 00:33:12,600 --> 00:33:14,960 Speaker 10: As a doctor, I say, you know, I've interacted with 683 00:33:15,040 --> 00:33:16,520 Speaker 10: the President in recent months. 684 00:33:16,880 --> 00:33:18,200 Speaker 9: I'm interacting with this team. 685 00:33:18,360 --> 00:33:21,120 Speaker 10: I've seen the decisions that they're making, that he's making, 686 00:33:22,080 --> 00:33:24,960 Speaker 10: and I have no reservations about his capacity to run 687 00:33:25,000 --> 00:33:26,280 Speaker 10: this country and govern. 688 00:33:27,760 --> 00:33:28,120 Speaker 6: Well. 689 00:33:28,320 --> 00:33:30,400 Speaker 3: We'll see what he says about that ability, or if 690 00:33:30,400 --> 00:33:33,600 Speaker 3: he addresses this at all, in his Oval office speech tonight. 691 00:33:33,640 --> 00:33:35,440 Speaker 3: We also understand that in part what he wants to 692 00:33:35,440 --> 00:33:37,560 Speaker 3: accomplish with this speech is to outline the things he 693 00:33:37,600 --> 00:33:40,160 Speaker 3: would still like to get done in the remainder of 694 00:33:40,200 --> 00:33:43,200 Speaker 3: his term. He effectively now is a lame duck. You 695 00:33:43,240 --> 00:33:45,960 Speaker 3: and your colleagues in Congress can't call it the lame 696 00:33:46,040 --> 00:33:48,040 Speaker 3: duck session quite yet, as we still have an election 697 00:33:48,160 --> 00:33:50,440 Speaker 3: to get through. But are you hopeful that more legislative 698 00:33:50,440 --> 00:33:54,000 Speaker 3: accomplishment can come during this administration? And if you are, 699 00:33:54,000 --> 00:33:54,640 Speaker 3: what would it be. 700 00:33:55,800 --> 00:33:59,320 Speaker 10: Yeah, I think we're going to see a vigorous President Biden. 701 00:33:59,360 --> 00:34:01,600 Speaker 10: I think we're going to see the character and leadership 702 00:34:01,840 --> 00:34:05,520 Speaker 10: that are the hallmarks of Joe Biden. And I think 703 00:34:05,560 --> 00:34:08,680 Speaker 10: I'll speak directly to the country about how we move forward, 704 00:34:08,840 --> 00:34:11,480 Speaker 10: and part of that is that transition to the next generation. 705 00:34:12,080 --> 00:34:14,759 Speaker 9: But he's still got there's still a lot going on 706 00:34:14,840 --> 00:34:15,239 Speaker 9: in the world. 707 00:34:15,360 --> 00:34:17,719 Speaker 10: You've got a war in Europe, you're trying to end 708 00:34:17,719 --> 00:34:19,400 Speaker 10: a war in the Middle East, and you're trying to 709 00:34:19,400 --> 00:34:22,000 Speaker 10: prevent a war in Asia. We've still got a lot 710 00:34:22,040 --> 00:34:25,600 Speaker 10: to do in terms of rebuilding our economy, jobs, and 711 00:34:26,520 --> 00:34:29,520 Speaker 10: addressing inflation. I think I'll talk to the things that 712 00:34:29,560 --> 00:34:31,600 Speaker 10: he hopes to accomplish, and I hope he has a 713 00:34:31,600 --> 00:34:33,320 Speaker 10: Congress that's willing to work with them. 714 00:34:34,840 --> 00:34:37,600 Speaker 3: And Congressman. Finally, just on the subject of Congress, you're 715 00:34:37,600 --> 00:34:40,200 Speaker 3: going to be done for the summer after votes early tomorrow. 716 00:34:40,360 --> 00:34:43,880 Speaker 3: Everybody's going home or going back to campaign mode until 717 00:34:43,880 --> 00:34:45,840 Speaker 3: September ninth, which means we're just going to be a 718 00:34:45,840 --> 00:34:49,279 Speaker 3: few weeks away when you return from the shutdown conversation 719 00:34:49,360 --> 00:34:52,239 Speaker 3: and when funding expires on September thirtieth. Just what are 720 00:34:52,239 --> 00:34:55,359 Speaker 3: you bracing for when you get back to Washington after 721 00:34:55,360 --> 00:34:56,120 Speaker 3: the summer break? 722 00:34:56,880 --> 00:34:59,200 Speaker 10: You know, I know the Republicans had hoped they were 723 00:34:59,239 --> 00:35:03,000 Speaker 10: able to get there appropriation budget bills across the finish line. 724 00:35:03,080 --> 00:35:05,480 Speaker 10: They're not able to get their own bills voted on 725 00:35:05,719 --> 00:35:07,600 Speaker 10: and get enough Republicans. 726 00:35:07,000 --> 00:35:07,640 Speaker 9: To support them. 727 00:35:07,920 --> 00:35:10,520 Speaker 10: So I hope when we come back we other have 728 00:35:10,719 --> 00:35:13,839 Speaker 10: compromise bills that the Senate sent bills over to us 729 00:35:14,040 --> 00:35:17,439 Speaker 10: that we fund the government. I would hope that this 730 00:35:17,680 --> 00:35:21,920 Speaker 10: conflict in Gaza between Israel and Amas is at a 731 00:35:21,960 --> 00:35:24,520 Speaker 10: conclusion that we're talking about what the day after looks 732 00:35:24,560 --> 00:35:27,480 Speaker 10: like and what next. But there's still a lot of 733 00:35:27,480 --> 00:35:29,520 Speaker 10: work to do. So let's not fool around with the 734 00:35:29,560 --> 00:35:32,440 Speaker 10: government shutdown. This is still the United States of America. 735 00:35:32,520 --> 00:35:35,960 Speaker 10: Let's all work together and show the world how we 736 00:35:36,000 --> 00:35:37,480 Speaker 10: are still the leaders of the world. 737 00:35:39,239 --> 00:35:41,400 Speaker 3: All right, Congressman, it's on that note we will leave it. 738 00:35:41,440 --> 00:35:43,279 Speaker 3: Thank you so much as always for joining us here 739 00:35:43,320 --> 00:35:47,480 Speaker 3: on Bloomberg TV and radio. That's Democratic Congressman Amibera of California. 740 00:35:47,520 --> 00:35:49,240 Speaker 3: We appreciate your time. 741 00:35:49,040 --> 00:35:55,360 Speaker 11: Serve, thanks for listening to the Balance of Power podcast. 742 00:35:55,960 --> 00:35:59,080 Speaker 11: Make sure to subscribe if you haven't already an Apple, Spotify, 743 00:35:59,200 --> 00:36:01,759 Speaker 11: or wherever you get you podcasts, and you can find 744 00:36:01,840 --> 00:36:05,080 Speaker 11: us live every weekday from Washington, DC at noontime Eastern 745 00:36:05,360 --> 00:36:06,840 Speaker 11: at Bloomberg dot com.