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Speaker 1: a Reserve Bank of San Francisco President John Williams saying
Speaker 1: the U S economy appears to be weathering cooler global growth,
Speaker 1: and he repeated that the central bank will race interest
Speaker 1: rates at a gradual pace. I think we're still trying
Speaker 1: to make sure that the data we've been seen unemployment,
Speaker 1: the data we've been seen on inflation are are real,
Speaker 1: not a mirage. But given that, I think we're very
Speaker 1: much on the right track that will be raising UH
Speaker 1: interest rates. And again that's Federal Reserve Bank of San
Speaker 1: Francisco President John Williams. Oil leading commodities lower, pulling down
Speaker 1: the currencies of raw material producing nations, and helping lift
Speaker 1: government bonds. Check the markets every fifteen minutes throughout the
Speaker 1: trading day on Bloomberg SNP eveny Future is down five
Speaker 1: points now eveny futures down fifty and nasadac eveny futures
Speaker 1: down seven and a half decks. In Germany's down less
Speaker 1: than a tenth of upper set ten. Your treasury up
Speaker 1: a thirty seconds. The yield one point eight six percent,
Speaker 1: Nomax screwed oil down two percent or seventy nine cents
Speaker 1: to thirty eight sixty of aryl comex goold is little
Speaker 1: changed at twelve announced. The euro a dollar eleven ninety
Speaker 1: six again one thirteen point five eight And that's a
Speaker 1: Bloomberg Business flash, Tom and Berry, thanks so much, Karen.
Speaker 1: More headlines out of Cypress Cypress Foreign Ministry. This is
Speaker 1: mostly coming off their Twitter feed some other sources as well.
Speaker 1: The Egypt air hijacker arrested that according to the Cypress
Speaker 1: Foreign Ministry. That from Bloomberg News. Egypt air hijacker arrested
Speaker 1: from the Cypress Foreign Ministry. Chuck Todd is a busy guy.
Speaker 1: That's always true. An election year, Meet the Press of
Speaker 1: course on Sundays, Meet the Press Daily on MSNBC five pm.
Speaker 1: Is well, how's that going, Mr Todd? Are you enjoying
Speaker 1: like doing the daily thing as well as the Sunday
Speaker 1: big event in the morning. Absolutely, absolutely. I I you know,
Speaker 1: I was always sort of uh geared toward a daily mindset,
Speaker 1: and for a for a year I was just in
Speaker 1: this weekly and I would be you know, uh frustrated
Speaker 1: not the right word, but I feel, like floy there's
Speaker 1: some stories that I wanted to cover and I can't
Speaker 1: get to it one hour once a week. So I
Speaker 1: know that feeling. I know because I saw a pole
Speaker 1: yesterday or the day before. Unfortunately, I can't sell you
Speaker 1: it's from I'm sorry, folks. I'm an amateur at this,
Speaker 1: Unlike Mr Todd, I was thunder string out. It's understandable.
Speaker 1: But the California poll of Clinton Trump I've never seen
Speaker 1: in my life, folks. It's at least thirty difference. I'm
Speaker 1: gonna say, sixty three twenty nine, something like that. Where
Speaker 1: is this going? If we see like that, where's this going?
Speaker 1: This is going where you have to start wondering if
Speaker 1: the House is in play. It's not just hilly Clinton
Speaker 1: winning the White House. It's not just Democrats probably picking
Speaker 1: up the Senate. When you see numbers like that, um
Speaker 1: then and she could actually cross the six barrier in
Speaker 1: a place like California book, even some of the more
Speaker 1: Republican districts are going to fall under the certain very
Speaker 1: duly Chuck very Dulds wants to jump in. But I
Speaker 1: gotta ask the question, now, how does that change Wisconsin
Speaker 1: and the primaries that we see coming up. Well, I
Speaker 1: don't know. And and because voters don't vote on electability.
Speaker 1: You know, every time we'll talk about it, a lot
Speaker 1: of pundits or analysts or whatever you want, but most
Speaker 1: voters don't vote strategically. Okay, they vote with the candidate
Speaker 1: they like or the candidate that sends the message that
Speaker 1: they want to send. In primaries, they don't. They don't.
Speaker 1: Most voters don't vote on electability. And most voters, by
Speaker 1: the way, believe the candida the port is the most electable,
Speaker 1: right they because they don't want to believe that somehow
Speaker 1: the candidate support is not electable. So this is always
Speaker 1: such a but but that's where we're headed here. Um
Speaker 1: I can think of this. Wisconsin is sort of like
Speaker 1: our halftime version of New Hampshire, meaning it's by itself
Speaker 1: on the calendar, the delegate splits, there aren't a lot
Speaker 1: of delicates at stake, but perception and momentum is what's
Speaker 1: at stake. So for the Trump and not Trump movement
Speaker 1: both sides, it's must win, right. Trump needs to win
Speaker 1: it to put to rest this idea that he can't
Speaker 1: um get the primary, get the part of the United
Speaker 1: and the Stop Trump movement desperately needs just to show
Speaker 1: that they can beat him in a place like Wisconsin,
Speaker 1: to show that they have the juice to stop him.
Speaker 1: So it is sort of a perception wise really important
Speaker 1: even if the delicate splits aren't that consequential coming up
Speaker 1: in Wisconsin, Coldplay and Beyonce followed by Trump and crews
Speaker 1: in our halftime show. So you you touched upon something
Speaker 1: that I think is fascinating, which is what actually occurs
Speaker 1: if it's a Trump Clinton election, And I think the
Speaker 1: voting public is unaware of exactly why the so called
Speaker 1: establishment on the Republican side is in such a panic
Speaker 1: because there's the possibility, I'm not I don't even want
Speaker 1: to say probability, but a real possibility of Trump spectacularly
Speaker 1: grabbing all this free press, and then when it comes
Speaker 1: to the electoral College and all the state, uh Senate
Speaker 1: and congressional races, just having the table run against them
Speaker 1: is that the bottom line as to why the GP
Speaker 1: establishment is so nervous, they're they're fearing a total blowout.
Speaker 1: It's not just a blowout, they're fearing something even greater
Speaker 1: than that, which is generation defining. For what's the what's
Speaker 1: the largest, the fastest voting block age wise in America? Millennials? Okay, Uh,
Speaker 1: they're now the largest part of the workforce. Uh, they
Speaker 1: could be the largest part of the electorate at some
Speaker 1: point they're going to be. They're that big. That's sort
Speaker 1: of like the Baby Boomers when they finally became voters
Speaker 1: and how impactful they were. And the point is this
Speaker 1: Trump could define the party with these voters for their
Speaker 1: rest of their generation. And that's what they're fearful of.
Speaker 1: That this this leads to sort of a um a
Speaker 1: ten year at least eight decade set back, if not more,
Speaker 1: of the Republican Party's branding, branding efforts with the sort
Speaker 1: of rising American electorate, right, young folks and more diverse folks.
Speaker 1: So let's let me ask the obvious follow up, isn't
Speaker 1: Trump really the candidate that the GOP has been subconsciously
Speaker 1: drifting towards a strong leader who doesn't uh, you know,
Speaker 1: trust his gut not his brain, who doesn't really think
Speaker 1: in terms of, hey, let's get the greatest experts we
Speaker 1: can have, and and the up some interesting approach. It's
Speaker 1: just a lot of things that we've seen from the
Speaker 1: GOP in general, just manifest in one loud, angry, charismatic candidate. Well,
Speaker 1: I would say it's where the it's where the voters
Speaker 1: have been drifting. It's where the activists have been drifting.
Speaker 1: It's not where the leaders have been drifting, right, it's
Speaker 1: sort of the leaders have been using um, these using
Speaker 1: anger and using different ways to sort of to motivate
Speaker 1: this part of their electorate. Well, guess what I think.
Speaker 1: It's sort of you know, use whatever an nowogy, you
Speaker 1: reput so Frankenstein, whatever you want to do. But their
Speaker 1: failure to then deliver on sort of this uh, the
Speaker 1: sort of crazy promises that they made if all the
Speaker 1: different things they would stop or bring America back and
Speaker 1: all these things, and this group of voters actually believes them,
Speaker 1: and and there's now looking around going hey what about me?
Speaker 1: What have you done for me? And this is where
Speaker 1: Trump is still that's vacuum. You have that voice and
Speaker 1: I go back to an important tweet that defines Chuck
Speaker 1: Todd and uh, your contribution to this campaign. We have
Speaker 1: to go to Cedar Falls, Waterloo five or six one three.
Speaker 1: Don't care that my bread, what my bracket has done.
Speaker 1: I loved that a school from my late dad's hometown
Speaker 1: beat in Kansas, go University of Northern Iowa. I mean,
Speaker 1: if you go out to Cedar Falls where that miracle happened,
Speaker 1: I mean, Chuck Todd. Those people are being heard more
Speaker 1: in this campaign, whether it's Trump or Sanders or frankly others,
Speaker 1: than at any time in our history. Well, this is
Speaker 1: what we're in. Well, I would say the last time
Speaker 1: we had a we had uh, an economic anxiety riven public.
Speaker 1: This this concept, you know, this sort of divided and
Speaker 1: this sort of split was probably when we were transitioning
Speaker 1: from an agrarian economy to with industrial time. And that's
Speaker 1: what's happening. Right. We know what, we know why this
Speaker 1: is taking place. We know why they're big winners of
Speaker 1: blue in this economic recovery that we've been experiencing since
Speaker 1: the Great Recession. Um, it's very similar to how we
Speaker 1: ended up with a Great Depression. Right, there's new migration,
Speaker 1: and people are migrating to cities to look for work,
Speaker 1: and it's abandoning these smaller cities in bigger towns like
Speaker 1: a Cedar Falls Waterloo area. We know why this is
Speaker 1: all happening, but we're in the middle of it, and
Speaker 1: there are losers here and it's a whole sort of
Speaker 1: lost generation, forgotten voters here that that's who Trump's times. Chuck,
Speaker 1: thank you so much. Really looking forward to uh MSNBC
Speaker 1: is working on Sunday eleven and three uh pm. You
Speaker 1: can hear it. I'm Bloomberg Radio. Of course, you can
Speaker 1: see Meet the Press with Chuck Todd. You can do
Speaker 1: that Sundays on NBC eleven AM and three pm Sundays
Speaker 1: here on Bloomberg Radio. Very I I hate to say this,
Speaker 1: and I'm biased on this because of my family, but
Speaker 1: there's something about having people doing TV journalism in America
Speaker 1: that come from places that aren't within a stone's through
Speaker 1: the Hudson River, you know, or some valley outside l A.
Speaker 1: You get a different perspective. I'm fond of quoting Spoild
Speaker 1: and Gray. I don't live in America. I live in
Speaker 1: a small island off the east coast of America, and
Speaker 1: it gives you a very different perspective. You know. That's
Speaker 1: why I try and get out and travel around the country,
Speaker 1: go to places like Seattle and Port. And I'll give
Speaker 1: a massive shout out to Helper and Heilman who have
Speaker 1: done that. People think they sort of show up, and
Speaker 1: they show up at four forty five and put the
Speaker 1: show together at five and like the way I do it. Fortunately,
Speaker 1: Helper in Heilman are working their tails off traveling the
Speaker 1: country in this most unusual election season. We'll do much
Speaker 1: more in this of course, the coverage April five, really
Speaker 1: coming up on us next week Wisconsin April five, and
Speaker 1: then we go on, of course to a small swore
Speaker 1: away which is becoming more important by the day in
Speaker 1: New York State on both sides of the island. Interesting
Speaker 1: to see what Mr Sanders does and the great state
Speaker 1: of New York as well, what we know his oil self.
Speaker 1: By seventy three cents thirty eight dollars sixty six of
Speaker 1: Beryl coming up a conversation with yakulm Fells of Pimco,
Speaker 1: Barry Mit Hilton from Michael McKee, Tom King, Bloomberg Surveillance