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Speaker 1: This is Bloomberg surveillance. That's something which by its nature

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Speaker 1: kind of the forecast. If you could forecast, that wouldn't

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Speaker 1: be innovation. We think that people have leapfrogued what is

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Speaker 1: reasonable into excessive worry. We took some major fiscal steps

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Speaker 1: with several more, but those ended prematurely. Bloomberg Surveillance your

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Speaker 1: link to the world of economics, finance, and investment on

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Speaker 1: Bloomberg Radio. Good morning everyone. Michael McKee and Tom Keane

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Speaker 1: from the nation's capital always say good morning to all

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Speaker 1: of you coast to coast, Serious Sex tem Channel one nineteen,

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Speaker 1: Bloomberg twelve hundred, Boston, Bloomberg eleventh THREEO, New York, in

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Speaker 1: San Francisco, in the Bay area of Bloomberg nine sixty

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Speaker 1: in a particular, Good morning to those of you listening

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Speaker 1: within the Washington Baltimore area of Bloomberg FM. Let me

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Speaker 1: get right to the Forks Report. We have a very

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Speaker 1: important guest coming up here to add to our good

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Speaker 1: conversation of the morning. The four X Brief brought you

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Speaker 1: by Interactive Brokers, winner of FX weeks two thousand fifteen

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Speaker 1: at the point five. That's really becoming elevated. Not to breakout,

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Speaker 1: not a breakout to a stronger dollar, but nevertheless there

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Speaker 1: it is weekend one twenty one euro forty five giveaways

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Speaker 1: a little bit not like the end, but gives way

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Speaker 1: sterling back to a one forty one dollar Canada showing

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Speaker 1: some of that hydrocarbon lift going one thirty seven to

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Speaker 1: a one thirty four seventy six in the last few days.

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Speaker 1: This is the interview Michael McKee have waited for alling.

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Speaker 1: Lonnie chen is very good. He's very smart. He worked

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Speaker 1: with Mr Romney in the two thousand twelve campaign. He

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Speaker 1: has been affiliated with a small start up shop Stanford

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Speaker 1: Law School and went on to provide valuable perspective at

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Speaker 1: the Hoover Institution as well as director of Domestic Policy Studies.

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Speaker 1: One M. Rubio has been wise enough to select his

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Speaker 1: wisdom and Lonnie chen Uh is with us this morning

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Speaker 1: as a Rubio policy advisor. Dr chen good morning. When

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Speaker 1: I look at Marco Rubio on Fox last night, basically

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Speaker 1: sweating bullets, trying to get organized and to move forward.

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Speaker 1: What will be your advice to get to Michigan, to

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Speaker 1: get to his Florida, and to get to the convention. Well,

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Speaker 1: good morning, It's very kindy to have me on, and

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Speaker 1: I appreciate the kind introduction. I think that this race

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Speaker 1: is just getting started, and I really believe that because

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Speaker 1: we're headed toward a part of the race where all

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Speaker 1: the delegates going to be selected in winner take all

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Speaker 1: basis rather than a proportional basis, and ultimately, at the

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Speaker 1: end of the day, the race is about delegates. So

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Speaker 1: you know, I think Senor Rubio is gonna focused on

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Speaker 1: March five team. You talked about it a little bit

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Speaker 1: this morning, your previous segment with Florida primary March fifteen.

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Speaker 1: You've got a lot of big states that happened after

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Speaker 1: March fifteen, and so, you know, while obviously he's some

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Speaker 1: you know, Donald Trump had a good night last night,

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Speaker 1: the reality is that the delegate gap between Marco Rubio

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Speaker 1: and Donald Trump is only about under delegates. And so

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Speaker 1: we move into the next phase in the campaign. There

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Speaker 1: are some really big prizes starting with Florida that we're

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Speaker 1: focused on, so that that, I think is the thing

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Speaker 1: that people need to remain focused on and to think

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Speaker 1: about carefully as we move forward in this race. You

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Speaker 1: look at the polls, the real clear average for the

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Speaker 1: Poles in Florida shows Trump with about a twenty point

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Speaker 1: lead over Marco Rubio. How do you close that gap

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Speaker 1: if you're twenty points behind in your home state right now? Well,

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Speaker 1: let me off the couple of observation. First of all,

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Speaker 1: Marco Rubio has done well in Florida. Obviously, He's represented

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Speaker 1: the state of Florida in the United Events for the

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Speaker 1: last several years. As a network and an infrastructure that

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Speaker 1: the campaign building in Florida that we feel very comfortable with.

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Speaker 1: The Other element of this is, you know, two weeks

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Speaker 1: in politics is an eternity, and if you look just

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Speaker 1: at what happened the last couple of days with Senator

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Speaker 1: Review Billy aggressively drawing that contract with Donald Trump, he

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Speaker 1: was able to have some particularly late deciders last night.

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Speaker 1: We feel that as the real Donald Trump continues to

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Speaker 1: be exposed here over the next couple of weeks, that

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Speaker 1: people are going to be looking to send a review

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Speaker 1: as the alternative. And so what we plan to do

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Speaker 1: over the next couple of weeks is to very aggressively

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Speaker 1: contrast with Senator Review would do as president with really

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Speaker 1: the lack of any policy vision, the real policy vision

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Speaker 1: McDonald Trump is offering. So we think that contract is

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Speaker 1: going to be very state pipple to send Rivio over

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Speaker 1: these next few weeks. Lenny Chen, if Mark Arubio gets

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Speaker 1: to Cleveland July eighteen to one, he's gonna get up

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Speaker 1: on the podium. And my guess is he's got to

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Speaker 1: speak to even people from Taiwan like yourself, with the

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Speaker 1: immigration disaster that is your party. How does he keep

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Speaker 1: the party faithful who seems so anti immigration and yet

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Speaker 1: speak to your parents? Well, you know, I think there's

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Speaker 1: a couple of things. You know, immigration is a very

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Speaker 1: challenging you see, there's no question about it. And if

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Speaker 1: he is that repeatedly, Uh, what we have to do

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Speaker 1: with this issue is we had to think about it

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Speaker 1: inspects and what the Republican Party with the base and

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Speaker 1: what most Republicans want. I think a lot of Americans

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Speaker 1: want us to be on even just Republicans, if they

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Speaker 1: want to feel like there's an integrity or country's borders,

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Speaker 1: and that is something that has to be focused on first,

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Speaker 1: but then beyond that, and they are all sorts of

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Speaker 1: different things that have to be done first to ensure

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Speaker 1: properly avoiding visa overstays, were properly enforcing some kind of

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Speaker 1: employer verification system, those are all important predicates any discussion regarding, uh,

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Speaker 1: you know, what ought to be done with people who

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Speaker 1: are currently here as the illegal immigrants. So that is

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Speaker 1: something that kind of a review said that that's the

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Speaker 1: policy side of it. There's also, frankly, a tonal part

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Speaker 1: of this discussion as well, which is does this candidate

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Speaker 1: understand where America is headed and what's going to be

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Speaker 1: necessary to continue to grow our economy and continue to

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Speaker 1: welcome people here as America has for over two centuries,

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Speaker 1: And that is something that's going to review. Has repeatedly

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Speaker 1: gone on the campaign trail again. I think back to

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Speaker 1: South Carolina when you saw on stage Marco review Kim Scott,

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Speaker 1: Nafrican American Senator from South Carolina, Nicki Haley, the government

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Speaker 1: of South Carolina, who is partially as Asian center and

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Speaker 1: thought of Asian descent as well. Uh, you know, that's

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Speaker 1: a very powerful intention. I think that's something that Senator

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Speaker 1: Review believes the future of the Republican Party, and that

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Speaker 1: is something that speaks very strongly both the people who

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Speaker 1: are of immigrant decided well of the people who've been

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Speaker 1: in America for several generations. Listening to your talk, I

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Speaker 1: reminded of what our friend Stan Collinder the surveillance budget

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Speaker 1: Maven says to me often on the show. But Michael,

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Speaker 1: you're talking logically there, Lonnie, you're talking logically there. Does

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Speaker 1: it occur to you? I mean, what do you guys

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Speaker 1: talk about when you sit in the in the in

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Speaker 1: the Privy councils with the Senator and his campaign staff

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Speaker 1: in terms of a campaign where people don't care what

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Speaker 1: you just said. They don't care if the candidates platform

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Speaker 1: makes sense. They don't care. If he's racist, they don't care.

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Speaker 1: If he's misogynists, he's just loud, he's angry, They're angry,

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Speaker 1: and they support him anyways. In other words, if if

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Speaker 1: the campaign doesn't make sense, how do you fight it? Well,

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Speaker 1: you know, it's a good question. I think what has

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Speaker 1: happened to date is that Frankly, most people don't understand

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Speaker 1: what the what the Donald Trump record is, who he is.

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Speaker 1: And there's been some of this, I get back, there's

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Speaker 1: been some of the some of the reasons why Donald

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Speaker 1: Trump is a problematic candidate and will be a problematic president,

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Speaker 1: whether it's all the stuff around as a fraud around

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Speaker 1: some university, uh you know, or is usually we learners

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Speaker 1: to build buildings and all that stuff is sort of

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Speaker 1: out there in the news, but it really had not

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Speaker 1: been uh, sort of delivered to people in a way

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Speaker 1: that is it both consistent and sustained. And what we

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Speaker 1: feel is once people hear more about Donald Trump in

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Speaker 1: a real consistent, same way, not just not just that

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Speaker 1: stuff personal back front, but also just his utter lack

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Speaker 1: of ideas in terms of how to put forward. Uh,

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Speaker 1: that's been a problem for the Loney In the minute

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Speaker 1: that we've got left with you very quickly, how do

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Speaker 1: you link your policy world to the world of raising money.

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Speaker 1: It's no secret that Mr Rubio needs to raise a

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Speaker 1: potload of money to get to Cleveland. How do you

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Speaker 1: link your world to bring it in the Bacon. Well,

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Speaker 1: the answer is simple, which is that we share with

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Speaker 1: people with Senator Rubio's vision and their bonding to that vision.

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Speaker 1: You know, they've got a lot of questions about policy

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Speaker 1: and either good questions without health care, about the economy,

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Speaker 1: about foreign policy, and the answer is to share with

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Speaker 1: them that vision. So if they understand with the Rubio

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Speaker 1: would stand for, uh and and and to be ready

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Speaker 1: to tell them about the specific plans he has, which

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Speaker 1: our plans that we don't believe any other candidate does.

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Speaker 1: Let's leave with their Lanchan thank you so much with

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Speaker 1: the Rubio campaign of senior adviser to Mr Rubio, of

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Speaker 1: course very importantly, Mike moving on from Michigan. Michigan comes

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Speaker 1: up in a week. It is a key primary, and

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Speaker 1: at this point I'm just looking at again the real

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Speaker 1: Clear politics consensus average, and Donald try up is twenty

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Speaker 1: points up there as well. Uh so, Yeah, as Lonnie

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Speaker 1: says that two weeks is a long time in politics,

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Speaker 1: they've got a week where there's a good chance the

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Speaker 1: story will be dominated by Trump winning again. We've got

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Speaker 1: a three days getting to the job's report. We will

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Speaker 1: do economics for you. In the state of the American

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Speaker 1: labor economy, it's been better than good recently, and maybe

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Speaker 1: not as big a campaign issue. As someone have suggested,

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Speaker 1: weird Dan Mackie talk about a four percent unemployment rate

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Speaker 1: somewhere in the vicinity, Mr Mackie. Dr Mackee, rather with

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Speaker 1: point seven to economics, futures negative six, down futures negative fifty.

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Speaker 1: We're up to basis points in the yield journey one

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Speaker 1: point eight four percent West Texas exactly thirty four dollars barrel.

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Speaker 1: That's down forty cents this morning. All right, let's bring

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Speaker 1: it back a bar with the latest World of national headlines. Michael, Mike, Tom,

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Speaker 1: thank you very much. Donald Trump and Hillary Clinton have

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Speaker 1: stretched there leads after Super Tuesday wins. Trump's overall and

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Speaker 1: delegate account is at two hundred eighty five. It takes

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Speaker 1: one thousand, two hundred thirty seven delegates to win the

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Speaker 1: Republican nomination. Clinton has at least a thousand five delegates overall,

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Speaker 1: and it will take two thousand, three three Democratic delegates

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Speaker 1: to win the party's nomination. A powerful earthquake hit off

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Speaker 1: the southwestern coast of Sumatra in Indonesia today. There is

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Speaker 1: a concern that it could trigger a tsunami. There were

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Speaker 1: no immediate reports of injuries or damage. According to the

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Speaker 1: u S Geological Survey. The earthquake had a preliminary magnitude

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Speaker 1: of seven point eight. It seems like the anthem of

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Speaker 1: the Seas can't catch a break. The Real Caribbean Cruise ship,

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Speaker 1: previously battered by a major storm in the Atlantic last month,

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Speaker 1: has returned to port early, cutting short another cruise. The

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Speaker 1: ship docked in Bayone, New Jersey this morning. Plan stops

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Speaker 1: in Barbados and St. KITT's were skipped because of bad weather.

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Speaker 1: Global News twenty four hours a day, powered by our journalists.

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Speaker 1: I'm Michael Barn, like Tom Michael Barr, Thank you so

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Speaker 1: much getting Bloomberg Survey. It's from Washington. Futures negative six

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Speaker 1: Town Futures negative fifty two. Market Drivers will be brought

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