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Speaker 1: Now from our nation's capital. This is Bloomberg sound on.

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Speaker 1: Let us speak plainly. Permanent Member of the United Nations

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Speaker 1: Security Council. Invaded his name. We know that these referendum

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Speaker 1: will be manipulated. Floomberg sound on politics, policy and perspective

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Speaker 1: from DC's top names, I'm announcing that today we're filing

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Speaker 1: a lawsuit against Donald Trumps. One of the thing I

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Speaker 1: don't think, not on my time. You can know one

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Speaker 1: is doing reclaiming. My time belongs to the gentleman from

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Speaker 1: Kalos Frne. Bloomberg sound on with Joe Matthew on Bloomberg Radio.

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Speaker 1: Welcome to the fastest hour in politics. As the world

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Speaker 1: watches Russia's first mobilization since the Nazi invasion of World

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Speaker 1: War Two, we will talk with Stephen Mull former ambassador

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Speaker 1: to Poland lead coordinator for implementing the Iran nuclear deal,

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Speaker 1: New York state file suit against Donald Trump and as

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Speaker 1: three kids accused of faking the value of real estate assets,

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Speaker 1: Bloomberg legal reporter Eric Larsen will join us with details.

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Speaker 1: Just as trump's special master gets busy and a whole

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Speaker 1: separate investigation, our signature panel is here. Bloomberg Politics Contributor

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Speaker 1: Rick Davis and Jeanie Schanzano. President Biden condemns Russia before

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Speaker 1: the United Nations General Assembly, just hours after Vladimir Putin

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Speaker 1: calls the country's first mobilization since World War Two. Three

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Speaker 1: hundred thousand reservists ordered to prepare for combat in Ukraine.

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Speaker 1: Let us speak plainly. A permanent member of the United

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Speaker 1: Nations Security Council invaded its neighbor attempted to erase the

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Speaker 1: sovereign state from the map. Vladimir Putin, Russia has shamelessly

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Speaker 1: violent owned people, renewing the threat of a nuclear attack.

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Speaker 1: This is Vladimir Putin, speaking through a translator from Sky News. Yes,

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Speaker 1: I shoot to defend Russia and our people. We will

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Speaker 1: certainly make use of all weapons systems available to us.

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Speaker 1: At then you believe this is not a bluff, the

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Speaker 1: citizens of Russia can rest assured that the territorial integrity

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Speaker 1: of our motherland, our independence and freedom will be defended,

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Speaker 1: I repeat, by all the systems available to us. Those

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Speaker 1: who are using nuclear blackmail against us should know that

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Speaker 1: the wind can turn their way. Incredible language coming from Putin.

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Speaker 1: This is not a bluff and it's an important day.

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Speaker 1: To have Stephen Mull with us. The vice provos for

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Speaker 1: Global Affairs at the University of Virginia, served as US

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Speaker 1: Ambassador to Poland lead coordinator for implementing the Iran nuclear deal,

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Speaker 1: and it's great to have you back, ambassador. Welcome all

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Speaker 1: off Schultz calls this mobilization in Russia and active desperation.

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Speaker 1: Is that how you see it? Well, it's an act

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Speaker 1: of something that I think a desperation to try and

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Speaker 1: get get the heat that's remounting on Putin over the

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Speaker 1: past couple of weeks within Russia, as people are more

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Speaker 1: and more outspoken against what they believe to be his

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Speaker 1: incompetence in, uh, running the war. So this is a

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Speaker 1: way to get them off his back. But it's not

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Speaker 1: going to really have much of an impact. First of all,

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Speaker 1: they don't have three thousand fully trained equip troops standing

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Speaker 1: by to jump into the war. Uh. They're going to

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Speaker 1: have to mount these people, get them together, train them,

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Speaker 1: give them weapons, which they're running out of, get them

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Speaker 1: other equipment. Uh. So this is not going to be

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Speaker 1: a quick fixed by any means, but it does give

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Speaker 1: him some attention UH and some clumps. Helps calmb hit

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Speaker 1: down his critics. Well, reports say they're emptying prisons at

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Speaker 1: this point. You know, the Russians call them reservists, apparently,

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Speaker 1: but that's that's a far cry from from what we're

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Speaker 1: actually seeing. Uh. Considering, though, that the level of desperation,

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Speaker 1: the sense of loss that Vladimir Putin is feeling, the

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Speaker 1: criticism he's getting from within his own country. Uh, the

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Speaker 1: nuclear thing comes back, it seems every time, and of

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Speaker 1: course he's accusing Ukraine in the west of nuclear bullying somehow. Uh.

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Speaker 1: You know, we're told frequently to to take Vladimir Putin

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Speaker 1: at his word. Do you? Uh? Well, I think, but no,

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Speaker 1: I know. First of all, I mean he continues this

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Speaker 1: big lie that somehow Russia is under attack, and his

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Speaker 1: interview today he said that, you know, Russia had to

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Speaker 1: mobilize these troops because, you created the West are plotting

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Speaker 1: carving up Russia, which, of course, that's exactly what Russia

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Speaker 1: is doing to Ukraine. So he's just a ball faced

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Speaker 1: in terms of the force, though. Uh. Well, what he's

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Speaker 1: trying to do is his game. One of his chief

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Speaker 1: strategic objectives to succeed in this war is to split

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Speaker 1: the West, which is so far held really tightly together

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Speaker 1: in supporting Ukraine and in implementing sanctions against Russia. So

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Speaker 1: winners coming on. You see the game playing, with turning

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Speaker 1: off the gas pipeline UH to Russia to Europe, which

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Speaker 1: will promote a lot of internal discomfort within Europe and

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Speaker 1: EGO will get them to start wavering and their support

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Speaker 1: for you create, and then throw the card on the

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Speaker 1: table that, oh, this could end up in the nuclear

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Speaker 1: attacks scenario. That will peel off. He hopes more Europeans

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Speaker 1: from that, but I I think at this point I

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Speaker 1: don't think the Europeans are gonna buy it. I think

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Speaker 1: we're the U S and the Europe's European allies are

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Speaker 1: hanging pretty strongly together on this and Ukraine's games on

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Speaker 1: the battlefield. Over the past a couple of weeks, I

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Speaker 1: think I've convinced the West that it's willing to make sacrifices,

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Speaker 1: that we're on the right track to help you create succeed.

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Speaker 1: I have to ask you, ambassador. President Biden today, in

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Speaker 1: his speech, referred frequently to the United Nations Charter Uh

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Speaker 1: and and, as you might have hered a second ago,

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Speaker 1: actually called out Russia as a permanent member of the

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Speaker 1: U N Security Council. If you look at the actual

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Speaker 1: charter here in Article One, is pretty clear. Article One,

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Speaker 1: section one, lays it out to maintain international peace and

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Speaker 1: security and, to that end, to take effect of collective

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Speaker 1: measures for the prevention and removal of threats to the

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Speaker 1: peace and for the suppression of acts of aggression or

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Speaker 1: other breaches of the peace, and to bring about, by

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Speaker 1: peaceful means and in conformity with the principles of Justice

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Speaker 1: and international law, adjustment or settlement of international disputes. So

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Speaker 1: at what point here, seven months into this war, does

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Speaker 1: the U N bear some responsibility in not being further involved?

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Speaker 1: People are questioning its purpose in a time like this. Ambassador, yeah, well, uh, well,

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Speaker 1: you know the you're what you read from the Charter

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Speaker 1: is absolutely right. That's what the United Nations says foreign

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Speaker 1: to do. But the hell is hell and all of it.

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Speaker 1: The major flaw that prevents it from carrying this out,

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Speaker 1: not only in this conflict but in so many others,

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Speaker 1: is that that power to control international security was vested

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Speaker 1: in the Security Council, in which the five permanent members,

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Speaker 1: including the United States, Russia, China written and France, have

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Speaker 1: vetos to block any anything. So uh, it's a pretty

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Speaker 1: substantial flaw. And sometimes when all the five permanent members

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Speaker 1: agree that something needs to be done, it'll work and

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Speaker 1: it has had a positive impacted a number of conflicts.

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Speaker 1: But when any one of the permanent members is involved

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Speaker 1: in the conflict, if they don't want to stop it,

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Speaker 1: they're not going to do it and they're not gonna

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Speaker 1: let the United dations stop them either, and China will

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Speaker 1: stand by Russia if there's any attempt to really see. Well,

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Speaker 1: we'll see. That's that's a great question. It's kind of

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Speaker 1: interesting the past couple of weeks trying has been obviously

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Speaker 1: getting a little a little fed up with this as well. Ambassador,

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Speaker 1: I have to ask you, of course, as the lead

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Speaker 1: implementer of the Iran nuclear deal, about the deal and

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Speaker 1: whether there might ever be one again here. President racy

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Speaker 1: of Iran spoke before President Biden today at the U

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Speaker 1: N and he was tough. He condemned the US. He's

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Speaker 1: a trump administration, Biden. He said it doesn't matter. It's

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Speaker 1: the same government, vowing to seek justice for the killing

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Speaker 1: as well of Uh coustoms all the money and just

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Speaker 1: last weekend, as I'm sure you saw in sixty minutes

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Speaker 1: through more doubt on a possible deal. Here's what he says.

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Speaker 1: We need PAYEKENYA. You see, the Americans broke their promises.

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Speaker 1: They did it unilaterally. They said that I am out

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Speaker 1: of the deal. Now making promises. It is becoming meaningless.

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Speaker 1: Are you saying that you cannot trust the Americans Mobile Ality?

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Speaker 1: We cannot trust the Americans because of the behavior that

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Speaker 1: we've already seen from them. That is why, if there

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Speaker 1: is no guarantee, there is no trust. Speaking with Leslie

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Speaker 1: Stall there, when you hear that, ambassador, do you see

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Speaker 1: this happening at this point? Uh, not at this point,

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Speaker 1: but I certainly wouldn't say it's completely out of the question.

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Speaker 1: Of the Iranians are our bargaining as as we are. Uh.

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Speaker 1: And on the heels of those comments, the Iranian foreign

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Speaker 1: minister was running around New York today saying no, no, no,

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Speaker 1: no, no no, we're still still ready to make a deal.

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Speaker 1: What they want it's some kind of guarantee that once

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Speaker 1: they give up the nuclear material they've now stockpiled over

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Speaker 1: the past couple of years, that there's some guarantee that

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Speaker 1: they're going to get the sanctions relief that the US

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Speaker 1: won't walk away again. So, if you look at it objectively,

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Speaker 1: that's a fair enough a fair enough expectation in their part.

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Speaker 1: But the Europeans agree with us. This is a political agreement.

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Speaker 1: We're not going to give a treaty guarantee to that.

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Speaker 1: And Uh, it's it's pretty much taken to relieve it.

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Speaker 1: So it's up to be Ranis to decide. They're going

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Speaker 1: to keep playing around the edges to see what they

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Speaker 1: can get. Well, they know just as well if there

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Speaker 1: could be a trump administration in two years, it's impossible

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Speaker 1: to predict. So how do they how do they get

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Speaker 1: any sort of comfort? Well, I mean what they do

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Speaker 1: is in the end, when they can get some kind

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Speaker 1: of guarantee, and they may try to leverage this to

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Speaker 1: get some other concession on some other thing that's important

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Speaker 1: to them, uh, in which they'll say, okay, we accept

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Speaker 1: that you can't guarantee it, give us x Ui or

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Speaker 1: z instead, and then get what they can until the

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Speaker 1: next years presidential elections. I think that's the most likely uh,

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Speaker 1: the most likely outcome and all I still think it's

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Speaker 1: the best thing for this country. Um, well, you know,

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Speaker 1: having not necessarily in Iran, uh is better than not.

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Speaker 1: And so yeah, absolutely great to talk with the ambassador,

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Speaker 1: Stephen Maull, vice provost for a global affairs at the

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Speaker 1: University of Virginia. We thank you for joining us as

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Speaker 1: the UN General Assembly meets at such a critical time.

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Speaker 1: And what a day. My goodness, President Biden, normally this

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Speaker 1: would have been one of the big stories. Uh, there's

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Speaker 1: just there are too many, not enough time. But he

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Speaker 1: did actually have a bilateral meeting today with the new

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Speaker 1: Prime Minister of Britain. Met With Liz Trust Uh, you know,

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Speaker 1: and it wasn't about what they said. Everybody got along well,

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Speaker 1: said the right things about the special relationship. But right

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Speaker 1: at the end when people are yelling questions and so forth,

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Speaker 1: they're trying to get more from Joe Biden, as you

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Speaker 1: can hear here in this recording on the move from

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Speaker 1: Vladimir Putin today, listen to the one word answer that

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Speaker 1: follows the end. You have a reaction to Putin's announcement

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Speaker 1: about a partial mobilization of troops. I saw it. Anything

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Speaker 1: else you want to share about his sudden decision? NOPE,

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Speaker 1: it's all on the speech and we'll talk about it

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Speaker 1: next with the panel. Rick Davis and Jeannie Chanzano come

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Speaker 1: together for our signature panel on Bloomberg. Sound on. It's

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Speaker 1: next as we join you live from Washington d C.

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Speaker 1: I'm Joe Matthew. This is Bloomberg. You're listening to Bloomberg.

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Speaker 1: You sound on with Joe Matthew on Bloomberg Radio. As

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Speaker 1: Vladimir Putin renews the Nuclear Threat, President Biden didn't mince

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Speaker 1: words before the UN General Assembly, as we heard from today,

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Speaker 1: before the Green Marble, the nations can pursue their imperial

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Speaker 1: ambitions without consequences. Then we put at risk everything is

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Speaker 1: very institution stands for. Then that means it is at risk,

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Speaker 1: and questions, as we just discussed with the ambassador, over

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Speaker 1: the whole purpose of the United Nations, the impact that

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Speaker 1: it can make, while this war rages for seven months

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Speaker 1: in counting no signs of its stopping and uncounted civilians dead.

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Speaker 1: We assemble our panel today. Rick Davis is back in

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Speaker 1: the nation's capital from his trip to Aunga, just back

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Speaker 1: from New York, and Genie Chanzano is with us as well.

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Speaker 1: Bloomberg politics contributors. Rick had the president due today, and

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Speaker 1: did he not raise that very sort of obvious question

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Speaker 1: in the room. Yeah, look, I think he hit the

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Speaker 1: nail on the head. I think it was aided by

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Speaker 1: Putin's kind of unhinged speech. You know, that preceded it.

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Speaker 1: So I think he was able to create the perfect juxtaposition. Right,

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Speaker 1: you've got a decision to make as an institution, the

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Speaker 1: U N and the world, as to whether you're going

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Speaker 1: to decide to side with authoritarianism that creates all this

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Speaker 1: dislocation and chaos or reinvest in the institutions that created

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Speaker 1: the greatest level of prosperity in world history after World

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Speaker 1: War Two. I thought that was pretty clear to everybody

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Speaker 1: sitting in the seats, and I do think he used

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Speaker 1: the UN the way the UN needs to be used

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Speaker 1: as a focal point for these kinds of debates. You'll

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Speaker 1: notice who wasn't there right, who was? who was hiding

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Speaker 1: behind the Kremlin walls while the rest of the world

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Speaker 1: was participating in some kind of a democratic forum. You know,

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Speaker 1: Latin Air Putin can't be seen in the U N Today.

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Speaker 1: That's a good thing for the U N. The Security

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Speaker 1: Council also can't do anything, though. Right, you need doesn't

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Speaker 1: that defeat the purpose? It does, but you know, I

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Speaker 1: had a little different take than rick did on this speech.

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Speaker 1: I thought the president do a good job. I agree

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Speaker 1: with him in terms of, you know, laying out the

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Speaker 1: problem if the UN doesn't address this. But what I

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Speaker 1: thought he didn't do enough of was saying both what

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Speaker 1: the U N should do, what he wants them to do,

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Speaker 1: and speaking directly to Jij and Ping and, quite frankly,

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Speaker 1: to a close ally of ours, or who should be

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Speaker 1: to India, to say you're close to put and you

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Speaker 1: need to respond to this. I wish he would have

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Speaker 1: done a bit more of that and he also could

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Speaker 1: have said quite frankly what the US plans to do

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Speaker 1: about this. To Rick's point, I mean we have a

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Speaker 1: Security Council member, hours before the UN meeting when the

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Speaker 1: president's going to speak, talking about using nuclear weapons and

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Speaker 1: calling up troops. There needs to be a very strong

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Speaker 1: response to by the U N and by the US

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Speaker 1: and we have to lead in that direction, so I thought.

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Speaker 1: But we are doing everything about I mean, who else

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Speaker 1: is doing more than the US? How about everybody else

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Speaker 1: in the room? Well, they can do more, certainly, but

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Speaker 1: I think we have a responsibility to say what they

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Speaker 1: should do. We didn't hear a lot of what they

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Speaker 1: should do. What does he expected to do besides hanging together?

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Speaker 1: And what are we gonna do? He didn't even talk,

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Speaker 1: quite frankly, about sending more to Ukraine, and he needs

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Speaker 1: to be speaking directly to g and Modi, because they

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Speaker 1: are the two people who actually have some ability to

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Speaker 1: curtail potentially Putin. So is the U N just a

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Speaker 1: platform for speech, in this case sending a message Rick,

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Speaker 1: or is there something that this organization can do with

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Speaker 1: with the leadership of the US? Yeah, look, the Security

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Speaker 1: Council has been broken for a long time and as

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Speaker 1: long as you have authoritarian regimes like China and Russia

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Speaker 1: sitting there as permanent members with a veto, it's it's

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Speaker 1: a way. So it's not even more at the airtime. Right,

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Speaker 1: it's just not gonna happen. You cannot use the U

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Speaker 1: N as a peacekeeping force around the world, right. It's

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Speaker 1: just that part of it is broken and will never

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Speaker 1: be fixed. We need a League of democratic nations. I mean,

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Speaker 1: when you look at if we actually mobilize democracies around

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Speaker 1: the world, what kind of an impact we could have

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Speaker 1: different than the U N. But the U N is

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Speaker 1: an important place because at the end of the day,

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Speaker 1: it is our one opportunity at least once a year,

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Speaker 1: not counting all the institutional things that they do. A

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Speaker 1: lot of it's wasted money, but a lot of it

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Speaker 1: has impact on the on the health and and and

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Speaker 1: and and and uplifting uh communities all around the world.

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Speaker 1: But we need a forum right. We need to be

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Speaker 1: able to have everybody come in one place and, even

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Speaker 1: though despotic regimes get their chance to talk on the

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Speaker 1: floor of the U N Two uh it is a

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Speaker 1: perfect opportunity for the president United States to set a standard,

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Speaker 1: and that's what that speech was to do, is say,

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Speaker 1: you know what, this is how we should act as

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Speaker 1: a nation of people, as a world and I think if, if,

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Speaker 1: if the President United States doesn't do that, if he

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Speaker 1: devolves into becoming the world nanny and scolding everybody for

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Speaker 1: what they're doing or not doing. Um, you know, I

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Speaker 1: think that's a mistake. We have to set a values based,

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Speaker 1: character driven leadership model for the world. Well, to your point,

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Speaker 1: we heard from the president of Iran, what was it,

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Speaker 1: maybe an hour before presis it? And Biden spoke maybe less.

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Speaker 1: I mean these guys almost cross paths sometimes at the podium.

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Speaker 1: It is the remarkable thing of watching the general assembly

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Speaker 1: and had nothing good to say about America. For us,

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Speaker 1: it makes no difference whether Isis dish was made by

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Speaker 1: which administration rich American government. What matters is that a

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Speaker 1: government on the other side of this planet decided to

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Speaker 1: bring havoc and chaos to the geography of our region

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Speaker 1: at the expense of the lives and the blood of

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Speaker 1: women and children. And that sounds like somebody who wants

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Speaker 1: to make a deal. Right about an Augenie? It does

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Speaker 1: not sound like that at all. And you're right the

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Speaker 1: juxtaposition just about an hour apart. It was stunning. I

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Speaker 1: was watching that. But you know there are interests on

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Speaker 1: the part of China to that that they can't be

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Speaker 1: happy with what Vladimir Putin had to say, and Joe

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Speaker 1: Biden needs to be using that to his advantage, as

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Speaker 1: does NATO, because what he had to say just hours

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Speaker 1: before it was stunningly frightening. I wasn't as surprised by

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Speaker 1: what the Iranian president had to say. Jennie Chanzano and

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Speaker 1: Rick Davis make our signature panel on Bloomberg sound on

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Speaker 1: their back and just a bit as we turned our

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Speaker 1: attention to domestic affairs. Today Donald Trump is being sued again,

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Speaker 1: this time by New York. We'll be joined by Eric

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Speaker 1: Larson straight ahead. I'm Joe Matthew. This is Bloomberg. New

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Speaker 1: York Attorney General. Letitia James laid it out today from

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Speaker 1: the podium. I'm announcing that today we're filing a lawsuit

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Speaker 1: against Donald Trump for violating the law as part of

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Speaker 1: his efforts to generate profits for himself, his family and

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Speaker 1: his company. The suits against Donald Trump, the trump organization,

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Speaker 1: DONALD TRUMP JR, Ivanka trump and eric trump, all senior

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Speaker 1: executives at the company. James seeking penalties, including a permanent

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Speaker 1: and on the four trump's running companies in New York.

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Speaker 1: We'll talk to the CO author of this piece and

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Speaker 1: just a moment. Eric Larson has been all over this story.

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Speaker 1: In addition to banning the president, former president and as

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Speaker 1: kids from serving as corporate officers, she's seeking two and

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Speaker 1: fifty million dollars, by the way, as part of the

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Speaker 1: penalties here. Mr Trump and the trump organization repeatedly and

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Speaker 1: persistently manipulated the value of assets to induce banks to

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Speaker 1: lend money to the trump organization a more favorable terms

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Speaker 1: than would otherwise have been available to the company, to

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Speaker 1: pay lower taxes, to satisfy continuing loan agreements and to

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Speaker 1: induce insurance companies to provide insurance coverage for higher limits

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Speaker 1: and at lower premiums. Okay, so they were faking the value,

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Speaker 1: inflating the value of trump real estate assets for all

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Speaker 1: of these benefits. Eric Arson is with us now, Bloomberg

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Speaker 1: legal reporter shares the byline on the story on the terminal. Eric.

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Speaker 1: How do you do that? Was it? Was it a

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Speaker 1: matter of allegedly forging documents? How do you inflate the value?

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Speaker 1: You know, there's nothing in there about forging documents, but

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Speaker 1: there's over two hundred pages of detail here over a

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Speaker 1: wide variety of assets showing how these valuations were allegedly

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Speaker 1: manipulated in a lot of different ways over the years.

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Speaker 1: You know. Just as an example, one way would be

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Speaker 1: that this property called seven springs. It's two hundred and

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Speaker 1: twelve acres outside Manhattan. Um It was valued at about

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Speaker 1: twenty five million dollars at first. When, after trump bought it,

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Speaker 1: um uh in by two thousand six it was valued

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Speaker 1: at thirty million dollars. But then a few years later

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Speaker 1: it catapulted in value to nearly three hundred million dollars,

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Speaker 1: and the attorney general claims that this was done through

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Speaker 1: basically exaggerating the potential for developing the site with mansions

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Speaker 1: and things like this, Um, so that they were just

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Speaker 1: able to put it down on trump's financial statement for

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Speaker 1: that year, you know, two million dollars one year, two

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Speaker 1: sixty one million dollars in the next. But letitia James

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Speaker 1: says that it was worth nothing close to that. So

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Speaker 1: this is the culmination, as you write, of a year's

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Speaker 1: long investigation. Do you have the ability to to to

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Speaker 1: judge today, Eric, the strength of this case? Uh, not

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Speaker 1: myself personally, but I have spoken to, for example, a

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Speaker 1: former federal prosecutor who has been following this Um you know.

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Speaker 1: She says that there's just so much detail in this

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Speaker 1: complaint Um that really relies on millions of pages of

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Speaker 1: documents from the trump organization itself and from dozens of

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Speaker 1: interviews with people who are involved in these asset valuations,

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Speaker 1: including employees at the company Um. So it's a they

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Speaker 1: said that, because it is such a document heavy Um

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Speaker 1: case that you know it's going to be. If it's

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Speaker 1: you can put in front of a jury that's going

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Speaker 1: to be easy to potentially easy to understand and really

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Speaker 1: spell out this Um these alleged schemes. Her this is

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Speaker 1: a civil case, correct. She believes, though, the investigation uncovered

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Speaker 1: federal criminal liability. They referred the matter to federal prosecutors

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Speaker 1: and the I R S. So this could actually go further,

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Speaker 1: which is something I learned in your story today. But

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Speaker 1: we also want our listeners to understand that this is

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Speaker 1: not related to Department of Justice Investigations Underway Right now,

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Speaker 1: for instance Mara Lago efforts to overturn the election results.

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Speaker 1: And with regard to that Mara Lago case, I don't

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Speaker 1: know how you track all of this stuff, to be

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Speaker 1: honest with you, or you must be the busiest guy

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Speaker 1: in the company right now. But the special master has

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Speaker 1: started working five hundred documents that day. Were told to

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Speaker 1: get through eleven thousand of them and it's already there

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Speaker 1: are already questions about his role in all of this.

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Speaker 1: What can you tell us about that process? How long

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Speaker 1: might take? Yeah, you know, it's a little bit complicated.

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Speaker 1: Trump is the one who wanted a special master here

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Speaker 1: to have someone who's neutral review these eleven thousand documents

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Speaker 1: that were seized from his home, including about a hundred

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Speaker 1: highly classified documents. Uh. So he he asked for a

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Speaker 1: special master, with the idea being that he believes a

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Speaker 1: lot of these things should be returned to him and

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Speaker 1: that he hadn't done anything wrong. But, you know, he

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Speaker 1: actually agreed on this particular special master and he is

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Speaker 1: going to start looking at these. But the question that

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Speaker 1: the special master had at this hearing that just happened

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Speaker 1: this week was, uh, you know, we've heard a lot

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Speaker 1: about you saying in the news that you want to declassify,

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Speaker 1: that you did declassify these documents and therefore there was

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Speaker 1: nothing wrong with you having them. But he won't make

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Speaker 1: that he doesn't want to make his lawyers don't want

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Speaker 1: to make that assertion directly in court and the special

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Speaker 1: masters pressing him to do that, uh, and his trump's

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Speaker 1: lawyers are sort of balking at that. So there's already

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Speaker 1: some friction between his lawyers and the special master they picked.

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Speaker 1: Fascinating conversation, Eric. Thank you much for the insights. Eric Larson,

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Speaker 1: Bloomberg legal reporter, with just the latest, my Gosh, the

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Speaker 1: latest log on the fire here. I'd love to hear

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Speaker 1: quickly from Rick and Jennie about this latest from New

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Speaker 1: York State. Genie, that's uh, that's where you are. This

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Speaker 1: is something that you've seen coming from Letitia James for

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Speaker 1: some time. Does it change the picture for Donald Trump

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Speaker 1: or is it just another one? You know it is

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Speaker 1: another one, but I think it does. Letitia James Three

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Speaker 1: years she has been investigating this. This is a three

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Speaker 1: hundred page document. It is incredibly detailed. She's referring it

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Speaker 1: for criminal she's making a criminal referral on it. But

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Speaker 1: I think the reality for Donald Trump is this hits very,

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00:24:38,680 --> 00:24:41,359
Speaker 1: very hard and close to home. He has for his

430
00:24:41,560 --> 00:24:45,680
Speaker 1: entire lifetime described himself as a businessman who has been

431
00:24:45,720 --> 00:24:50,120
Speaker 1: incredibly successful and she runs right into that and charges

432
00:24:50,240 --> 00:24:54,640
Speaker 1: him and his children with this enormous fraud, and this

433
00:24:54,680 --> 00:24:57,680
Speaker 1: is something that is going to get him very, very angry.

434
00:24:57,880 --> 00:25:02,040
Speaker 1: If nothing else, trump today on on the truth. Social

435
00:25:02,119 --> 00:25:04,959
Speaker 1: Rick Calls it another witch hunt. Never had to complain

436
00:25:05,000 --> 00:25:08,120
Speaker 1: about me. Instead of fighting murder and violent crime which

437
00:25:08,160 --> 00:25:10,480
Speaker 1: is killing New York state, does he raise money on this?

438
00:25:10,520 --> 00:25:13,520
Speaker 1: In the meantime? You know, he may raise money on this.

439
00:25:13,640 --> 00:25:15,720
Speaker 1: I see he seems to raise money off of all

440
00:25:15,760 --> 00:25:18,400
Speaker 1: the difficulties he's having in the courts, but it does

441
00:25:18,480 --> 00:25:20,879
Speaker 1: seem like a classic case of a death by a

442
00:25:20,960 --> 00:25:23,560
Speaker 1: thousand cuts, right. I mean we could spend hours and

443
00:25:23,640 --> 00:25:26,639
Speaker 1: hours and hours going through all the legal jeopardy that

444
00:25:26,680 --> 00:25:29,200
Speaker 1: he's been in, not just since being president but even

445
00:25:29,240 --> 00:25:32,280
Speaker 1: while he was president, right to impeachments, and I do

446
00:25:32,359 --> 00:25:34,720
Speaker 1: think the weight of all these things starts to bear

447
00:25:34,760 --> 00:25:36,880
Speaker 1: on him. I mean, we do see his polling data

448
00:25:36,960 --> 00:25:39,520
Speaker 1: starting to slip. There are now new polls at show

449
00:25:39,640 --> 00:25:41,760
Speaker 1: that the Santis and beat him in Florida for the

450
00:25:41,800 --> 00:25:44,399
Speaker 1: first time, and so you know it's not been a

451
00:25:44,400 --> 00:25:47,680
Speaker 1: good year for Donald Trump. We're gonna hear from Rhn

452
00:25:47,720 --> 00:25:49,919
Speaker 1: de santis coming up next to the man who some

453
00:25:49,960 --> 00:25:53,520
Speaker 1: people think he could run against for president, Gavin Newsom,

454
00:25:53,520 --> 00:25:56,800
Speaker 1: in an interview today with Bloomberg News. Rick Davis and

455
00:25:56,840 --> 00:25:59,720
Speaker 1: Genie Chanzano are back. I'll be here too. I'm Joe

456
00:25:59,720 --> 00:26:02,520
Speaker 1: Matt You and you are listening to the fastest hour

457
00:26:02,600 --> 00:26:09,240
Speaker 1: in politics. It's sound on. This is Bloomberg. You're listening

458
00:26:09,320 --> 00:26:14,040
Speaker 1: to Bloomberg. You sound on with Joe Matthew on Bloomberg Radio.

459
00:26:16,200 --> 00:26:21,119
Speaker 1: The hearing today was called Holding Mega Banks Accountable oversight

460
00:26:21,160 --> 00:26:26,679
Speaker 1: of America's largest consumer facing banks. So of course it

461
00:26:26,760 --> 00:26:31,000
Speaker 1: couldn't be fun for the big bank CEOS sitting before

462
00:26:31,000 --> 00:26:34,480
Speaker 1: the House Financial Services Committee. Right. Well, it wasn't. The

463
00:26:34,560 --> 00:26:37,480
Speaker 1: executives warned about economic storm clouds. They spoke to the

464
00:26:37,480 --> 00:26:41,240
Speaker 1: impact of inflation. None of it felt right. Democrats gave

465
00:26:41,320 --> 00:26:44,600
Speaker 1: them a hard time about everything from overdraft policies to Russia,

466
00:26:45,200 --> 00:26:47,960
Speaker 1: as we hear in this exchange between Congressman Brad Sherman

467
00:26:48,600 --> 00:26:52,120
Speaker 1: California and speaking with Jamie diamond of JP Morgan Chase.

468
00:26:52,160 --> 00:26:54,920
Speaker 1: In city groups, Jane Fraser, Mr Danny, say yes or

469
00:26:54,920 --> 00:26:57,159
Speaker 1: no question. You have not cut your ties to the

470
00:26:57,240 --> 00:27:00,439
Speaker 1: gas grass crominvitall. Do you continue you to own a

471
00:27:00,480 --> 00:27:05,320
Speaker 1: major steak in the Russian Bank Spirit as Spear Bank? No,

472
00:27:05,440 --> 00:27:08,280
Speaker 1: we do not own a steak or spear bank. I

473
00:27:08,280 --> 00:27:12,320
Speaker 1: think that's somewhere and we've materially cut out some of

474
00:27:12,320 --> 00:27:14,600
Speaker 1: the I hope you would get all your ties to

475
00:27:14,720 --> 00:27:16,960
Speaker 1: gas from and that's all. And let me go on

476
00:27:17,080 --> 00:27:19,680
Speaker 1: to city group. Have you cut your ties with Luke

477
00:27:19,760 --> 00:27:22,800
Speaker 1: Oil and vital I usally had one other thing. I

478
00:27:22,840 --> 00:27:25,760
Speaker 1: don't think not on my time. You can is doing reclaiming.

479
00:27:25,760 --> 00:27:31,600
Speaker 1: My time belongs to the gentleman from California and we'll

480
00:27:31,600 --> 00:27:34,960
Speaker 1: move on. You can do a press conference afterwards and

481
00:27:35,040 --> 00:27:38,040
Speaker 1: comment as you like, not on my time. Have you

482
00:27:38,080 --> 00:27:41,960
Speaker 1: cut your ties to Luc Oil and vital? I'm similar

483
00:27:42,080 --> 00:27:45,520
Speaker 1: to MS diamond. We have been working down our exposures

484
00:27:45,520 --> 00:27:48,520
Speaker 1: in Russia. So you have not cut your ties yet.

485
00:27:48,600 --> 00:27:51,480
Speaker 1: Let's move on. Moving on from Jane Fraser, just you know,

486
00:27:51,560 --> 00:27:56,080
Speaker 1: went down the line here as we reassemble our panel

487
00:27:56,119 --> 00:27:59,439
Speaker 1: reminding its annual testimony. But this is not an annual topic,

488
00:28:00,200 --> 00:28:03,840
Speaker 1: Genie Chanzano, when Rick Davis are here, Bloomberg politics contributors, Rick,

489
00:28:03,920 --> 00:28:06,120
Speaker 1: that must bring back just great old memories for starters

490
00:28:06,400 --> 00:28:09,960
Speaker 1: from Capitol Hill. But uh, is this level of scrutiny

491
00:28:10,720 --> 00:28:14,440
Speaker 1: actually required right now as we consider sanctions? Our own

492
00:28:14,440 --> 00:28:17,400
Speaker 1: banks here in the US are still invested. Yeah, any

493
00:28:17,480 --> 00:28:19,560
Speaker 1: time a member says I've got a yes or no question,

494
00:28:19,600 --> 00:28:21,920
Speaker 1: it means they actually don't want you to respond at all.

495
00:28:22,080 --> 00:28:24,800
Speaker 1: Just gives a stage. So you know, that's how you

496
00:28:24,840 --> 00:28:27,119
Speaker 1: know how to train people who go up for testimony,

497
00:28:27,160 --> 00:28:29,800
Speaker 1: and you certainly don't do what Jamie diamond did, pick

498
00:28:29,800 --> 00:28:32,240
Speaker 1: a fight with him. Yeah, what is that, I guess,

499
00:28:32,280 --> 00:28:35,119
Speaker 1: when you're Jamie diamond. But look, I mean, you know,

500
00:28:35,240 --> 00:28:37,960
Speaker 1: it's obviously in a time of economic upheaval. You know,

501
00:28:38,040 --> 00:28:41,120
Speaker 1: these guys are targets and Um, and I think that

502
00:28:41,200 --> 00:28:43,200
Speaker 1: they're going to go through quite a bit of oversight,

503
00:28:43,560 --> 00:28:46,560
Speaker 1: especially as it relates to some of the the requirements

504
00:28:46,600 --> 00:28:49,040
Speaker 1: that they have on the banking acts. So, Um, I

505
00:28:49,080 --> 00:28:52,120
Speaker 1: think they're they're going to see a lot of action

506
00:28:52,200 --> 00:28:54,560
Speaker 1: over the course the next two years. Is The economy

507
00:28:55,040 --> 00:28:58,320
Speaker 1: sinks into recession, is it time for them to be

508
00:28:58,640 --> 00:29:01,800
Speaker 1: dumping their assets? Though? They couldn't answer yes to any

509
00:29:01,840 --> 00:29:06,240
Speaker 1: of those questions there in Russia specifically. Yeah, yeah, they

510
00:29:06,040 --> 00:29:08,840
Speaker 1: they weren't allowed to expoint, nor did anybody want to

511
00:29:08,880 --> 00:29:11,880
Speaker 1: hear what they had to say. Um, you know, I

512
00:29:11,920 --> 00:29:14,480
Speaker 1: think they're going to have to think seriously about that,

513
00:29:14,520 --> 00:29:17,120
Speaker 1: and I'm sure they have already. But I think part

514
00:29:17,200 --> 00:29:19,920
Speaker 1: partly what's going on here is the state of the

515
00:29:19,960 --> 00:29:22,320
Speaker 1: economy here and all the concern and you hear that

516
00:29:22,400 --> 00:29:25,520
Speaker 1: reflected both back and forth, and also, quite frankly, the

517
00:29:25,560 --> 00:29:29,240
Speaker 1: fact that there was a big American bailout of these banks,

518
00:29:29,360 --> 00:29:32,800
Speaker 1: and that is something that Americans have not forgotten. I mean,

519
00:29:32,920 --> 00:29:36,080
Speaker 1: I'm stunned by the number of young people who don't

520
00:29:36,080 --> 00:29:38,560
Speaker 1: remember a lot when you talk to them about things

521
00:29:38,560 --> 00:29:41,680
Speaker 1: that happened when they were little kids. But the recession

522
00:29:41,720 --> 00:29:44,400
Speaker 1: of Oh eight looms large to them and what happened

523
00:29:44,400 --> 00:29:47,080
Speaker 1: in the aftermath, because they fear there the impact on

524
00:29:47,120 --> 00:29:50,160
Speaker 1: them should something similar at a time when many Americans,

525
00:29:50,240 --> 00:29:52,360
Speaker 1: no matter what economists say, feel like we are in

526
00:29:52,400 --> 00:29:55,280
Speaker 1: a recession already. So, you know, I think that's partly

527
00:29:55,280 --> 00:29:57,239
Speaker 1: what's going on here and they are on the hot

528
00:29:57,320 --> 00:29:59,320
Speaker 1: seat and they're going to have to respond and try

529
00:29:59,360 --> 00:30:00,960
Speaker 1: to keep their heads down and not pick a fight.

530
00:30:01,000 --> 00:30:02,880
Speaker 1: To Rick's point, it's not a great look. I mean

531
00:30:03,040 --> 00:30:05,880
Speaker 1: PR wise, but you know, even McDonald's was shamed out

532
00:30:05,880 --> 00:30:08,880
Speaker 1: of Russia. Rick, I thought this was pretty much all done.

533
00:30:08,880 --> 00:30:12,280
Speaker 1: How about the big banks that control our money? Yeah, look,

534
00:30:12,320 --> 00:30:14,720
Speaker 1: I mean you know, Geo politics and banking has never

535
00:30:14,760 --> 00:30:17,400
Speaker 1: been a good match. And and and, as diamond was

536
00:30:17,440 --> 00:30:19,800
Speaker 1: trying to say, you know they invest in mutual funds

537
00:30:19,800 --> 00:30:22,800
Speaker 1: that even a sliver of it might be an investment

538
00:30:22,800 --> 00:30:25,400
Speaker 1: in gas problem, but it's still an investment in gas problem.

539
00:30:25,400 --> 00:30:27,080
Speaker 1: So you actually got to go to the mutual funds

540
00:30:27,160 --> 00:30:29,200
Speaker 1: say hey, what you ought to be doing is disinvesting.

541
00:30:29,520 --> 00:30:31,200
Speaker 1: The real question is going to be when they start

542
00:30:31,240 --> 00:30:33,680
Speaker 1: to focus on China, because right now there really isn't

543
00:30:33,680 --> 00:30:37,040
Speaker 1: all that much investment in Russia, but we have massive

544
00:30:37,160 --> 00:30:40,440
Speaker 1: trillion dollar investments in China, and the banks are going

545
00:30:40,480 --> 00:30:42,720
Speaker 1: to be called upon the carpet at some point and say,

546
00:30:42,760 --> 00:30:46,000
Speaker 1: do you realize you are financing the red armies build

547
00:30:46,080 --> 00:30:49,200
Speaker 1: up in a potential conflict against the United States? She's well,

548
00:30:49,240 --> 00:30:50,920
Speaker 1: they're going to be back for more. Tomorrow is the

549
00:30:50,960 --> 00:30:54,760
Speaker 1: sequel next door in the Senate the heads of the

550
00:30:54,800 --> 00:30:59,320
Speaker 1: seven biggest banks. As we turn our attention now to

551
00:31:00,040 --> 00:31:03,480
Speaker 1: what Rick alluded to, and that is, well, what could

552
00:31:03,560 --> 00:31:06,120
Speaker 1: be a future presidential race. At least that's what they say.

553
00:31:06,240 --> 00:31:08,480
Speaker 1: Rhonde Santis is making a lot of news this week.

554
00:31:08,520 --> 00:31:11,959
Speaker 1: He's now being sued over these migrant flights, the stunt,

555
00:31:12,000 --> 00:31:14,280
Speaker 1: as President Biden would call it, along with a lot

556
00:31:14,280 --> 00:31:17,640
Speaker 1: of people here, the migrant flights somehow from Texas to

557
00:31:17,720 --> 00:31:21,560
Speaker 1: Martha's Vineyard. Yet he's the Florida governor and he's being

558
00:31:21,600 --> 00:31:24,440
Speaker 1: sued now for for doing this, migrants claiming they were

559
00:31:24,480 --> 00:31:27,120
Speaker 1: duped into making the trip with vouchers for free food,

560
00:31:27,160 --> 00:31:32,320
Speaker 1: promises of employment, promises of housing, Uh and UH. The

561
00:31:32,400 --> 00:31:35,240
Speaker 1: complaints been filed in Boston Federal Court. It's a proposed

562
00:31:35,240 --> 00:31:39,400
Speaker 1: class action. Rhonda Santis does not sound concern. They said

563
00:31:39,480 --> 00:31:44,320
Speaker 1: they're a sanctuary city. They say that nobody, no human being,

564
00:31:44,440 --> 00:31:48,640
Speaker 1: is illegal. Everyone's welcome. These were folks who got the

565
00:31:48,680 --> 00:31:52,960
Speaker 1: transport that Biden totally abandoned. They were homeless, they were hungry,

566
00:31:53,240 --> 00:31:55,280
Speaker 1: so they hit the Jackpot to be able to be

567
00:31:55,320 --> 00:31:59,719
Speaker 1: in the wealthiest sanctuary jurisdiction in the world. Okay, so

568
00:31:59,720 --> 00:32:04,120
Speaker 1: they at the Jackpot by being trafficked to Martha's Vineyard,

569
00:32:04,160 --> 00:32:07,040
Speaker 1: and now Rhonda Santis is using the term deported. Is

570
00:32:07,080 --> 00:32:09,800
Speaker 1: that they were deported to Cape Cod from Martha's vineyard.

571
00:32:10,160 --> 00:32:13,680
Speaker 1: Gavin Newsom, the governor of California, is on the other

572
00:32:13,720 --> 00:32:15,760
Speaker 1: side of this, of course, and he and de Santis

573
00:32:15,760 --> 00:32:18,480
Speaker 1: have been kind of going head to head on this

574
00:32:18,560 --> 00:32:21,560
Speaker 1: for some time now. He spoke today with Bloombird News.

575
00:32:21,760 --> 00:32:25,480
Speaker 1: I cannot stand Rhonda Santis, these folks that are using

576
00:32:26,400 --> 00:32:30,520
Speaker 1: these human beings, children as political pots. Discuss me. The

577
00:32:30,560 --> 00:32:34,320
Speaker 1: cruelty of that is self evidence. Any person that's truly

578
00:32:34,720 --> 00:32:37,040
Speaker 1: cares and ask a passion that said, the issues really

579
00:32:37,280 --> 00:32:40,479
Speaker 1: I'm a border state governor. Neal lecture me on this topic.

580
00:32:41,240 --> 00:32:44,120
Speaker 1: The reality has lived every single day. We need comprehensive

581
00:32:44,120 --> 00:32:46,960
Speaker 1: immigration form and the irony of this, the frustration I

582
00:32:47,000 --> 00:32:50,080
Speaker 1: am is Joe Biden put out a great plan. He

583
00:32:50,200 --> 00:32:52,880
Speaker 1: has a plan a year pathway to citizen, Fast Tracking

584
00:32:53,280 --> 00:32:57,360
Speaker 1: Dreamers and TPS, dealing with border security and new technology. Yes,

585
00:32:57,400 --> 00:32:59,520
Speaker 1: dealing with the underlying issues, but also dealing with a

586
00:32:59,520 --> 00:33:03,760
Speaker 1: backlong silent seekers and court processing and looking at high skill,

587
00:33:03,880 --> 00:33:06,600
Speaker 1: not just low skill jobs. But we're not talking about it,

588
00:33:06,720 --> 00:33:11,200
Speaker 1: not promoting and Republicans consistently from two thousand seven thirteen

589
00:33:11,320 --> 00:33:14,640
Speaker 1: have blocked any compress reformed. Shame on that. Gavin KNWSOM,

590
00:33:14,640 --> 00:33:18,720
Speaker 1: speaking earlier today with David Weston in New York. I

591
00:33:18,760 --> 00:33:26,800
Speaker 1: can't stand Rhonda Santis. He tells Bloomberg, Genie Uh as,

592
00:33:26,920 --> 00:33:30,040
Speaker 1: Joe Biden and Donald Trump do what they're doing and

593
00:33:30,120 --> 00:33:33,880
Speaker 1: deal with low approval ratings. These two people, Rhonda Santis

594
00:33:33,880 --> 00:33:36,960
Speaker 1: and Gavin Newsom, are rising to the surface here as

595
00:33:37,000 --> 00:33:43,040
Speaker 1: almost representatives, alternative representatives, of their parties. Are we getting

596
00:33:43,040 --> 00:33:45,840
Speaker 1: a sneak preview of what will be a national race

597
00:33:46,200 --> 00:33:48,440
Speaker 1: at some point we are. I mean it was just

598
00:33:48,520 --> 00:33:51,960
Speaker 1: a few days ago we heard Gavin knewso challenge around

599
00:33:51,960 --> 00:33:54,600
Speaker 1: the Santists to a debate and you had to scratch

600
00:33:54,600 --> 00:33:57,480
Speaker 1: your head and think, what is Joe Biden thinking about this?

601
00:33:57,680 --> 00:34:00,800
Speaker 1: And Donald Trump and trump, yeah, yeah, and and Rick

602
00:34:00,880 --> 00:34:04,240
Speaker 1: mentioned it earlier. There's a new USA Today, Suffolk University

603
00:34:04,240 --> 00:34:07,080
Speaker 1: polls showing the Santis at eight point lead over trump

604
00:34:07,080 --> 00:34:10,240
Speaker 1: in his home state of Florida. So this is bad

605
00:34:10,320 --> 00:34:12,920
Speaker 1: news for, you know, the leaders of these parties. You've

606
00:34:12,920 --> 00:34:15,839
Speaker 1: got these up and comers Um and I thought, you know,

607
00:34:16,000 --> 00:34:19,560
Speaker 1: I heard a bit of what we had. David Weston

608
00:34:19,680 --> 00:34:22,440
Speaker 1: was asking, and he asked the right question about border security,

609
00:34:22,480 --> 00:34:25,440
Speaker 1: because that's what Democrats are gonna need to address because

610
00:34:25,480 --> 00:34:28,919
Speaker 1: you look at these polls, Americans give Republicans the edge

611
00:34:28,960 --> 00:34:32,520
Speaker 1: on keeping America secure from illegal immigration and that's going

612
00:34:32,560 --> 00:34:35,440
Speaker 1: to be critical as they address this politically. Rick, is

613
00:34:35,480 --> 00:34:37,799
Speaker 1: it possible for Gavin Newsom to get that kind of

614
00:34:37,800 --> 00:34:40,760
Speaker 1: groundswell support of the Democratic Party that that the Santis

615
00:34:40,800 --> 00:34:43,799
Speaker 1: is enjoying among Republicans right now? Well, he's, I mean

616
00:34:43,880 --> 00:34:46,120
Speaker 1: he's certainly doing it the right way by picking an

617
00:34:46,239 --> 00:34:48,719
Speaker 1: enemy to land bass low way. He has, you know,

618
00:34:48,760 --> 00:34:51,279
Speaker 1: picked a fight with the Santis and and you know,

619
00:34:51,360 --> 00:34:53,719
Speaker 1: having a good enemy is always a good way to

620
00:34:53,840 --> 00:34:57,439
Speaker 1: rally people around you. So I just I just think

621
00:34:57,440 --> 00:35:00,400
Speaker 1: it's excellent that both these guys just jump right in

622
00:35:00,440 --> 00:35:02,479
Speaker 1: four of the in front of the freight train called

623
00:35:02,520 --> 00:35:05,560
Speaker 1: the midterm election, you know, desperate to get attention to

624
00:35:05,560 --> 00:35:08,440
Speaker 1: each other while their parties suffer their efforts to try

625
00:35:08,480 --> 00:35:11,400
Speaker 1: and win power in Washington. Uh, you know, I I

626
00:35:11,600 --> 00:35:14,279
Speaker 1: actually will be curious to see how many members who

627
00:35:14,480 --> 00:35:17,960
Speaker 1: don't get elected, either Democrats or Republicans, blamed the Santis

628
00:35:17,960 --> 00:35:20,640
Speaker 1: and Gavin newsom for taking the spotlight off of them

629
00:35:20,680 --> 00:35:24,359
Speaker 1: and nationalizing the race. UH, no member of Congress wants

630
00:35:24,400 --> 00:35:27,600
Speaker 1: to have that happen to them. So I think that

631
00:35:28,000 --> 00:35:30,160
Speaker 1: I think that it will be interesting to see if

632
00:35:30,200 --> 00:35:33,719
Speaker 1: these two leading candidates, trump and biden, don't run and

633
00:35:33,800 --> 00:35:37,760
Speaker 1: that opens the floodgates for people like the santis and newsom.

634
00:35:37,800 --> 00:35:40,399
Speaker 1: It certainly would be a powerful conversation, but let's start

635
00:35:40,440 --> 00:35:43,719
Speaker 1: that after November. Fair enough, although I wonder if it

636
00:35:43,760 --> 00:35:46,200
Speaker 1: even matters. Genie, you know, may not be in twenty four,

637
00:35:46,239 --> 00:35:47,799
Speaker 1: but these guys are going to run. Each of them

638
00:35:47,800 --> 00:35:50,640
Speaker 1: will run for president at some point, won't they? They will.

639
00:35:50,680 --> 00:35:52,480
Speaker 1: And you know what's so curious about this is de

640
00:35:52,600 --> 00:35:55,880
Speaker 1: Santis has a race right now and this is a

641
00:35:56,000 --> 00:35:59,680
Speaker 1: bit narrow. Yeah, well, but if it's a bit narror

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Speaker 1: or then we expect it's going to be, you know,

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Speaker 1: that can bode badly for him. So I always think

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Speaker 1: you've got to focus on the race you got right

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Speaker 1: now and then think about running the next race after

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Speaker 1: you win, and you win, you know, handily. So I

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Speaker 1: think that's a big concern. And the other stunning part

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Speaker 1: of this is imagine we're talking presidential election candidates. We

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Speaker 1: haven't even had the mid term election yet. This is

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Speaker 1: what drives voters crazy, that they are running all the time.

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Speaker 1: I love it too, but you guys agree on that?

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Speaker 1: Rick Davis and Jennie Chanzanol Bloomberg politics contributors and our

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00:36:34,320 --> 00:36:37,399
Speaker 1: signature panel thanks, as ever for the great insights on

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Speaker 1: so many topics today. We covered a heck of a

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Speaker 1: lot of ground. I want to thank former ambassador Stephen

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00:36:43,040 --> 00:36:46,400
Speaker 1: Maull for being with us here, along with Eric Larson

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00:36:46,440 --> 00:36:48,759
Speaker 1: for shedding light on some awfully important stories. If you

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00:36:48,760 --> 00:36:51,840
Speaker 1: showed up late. Subscribe to the podcast wherever you get

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00:36:51,840 --> 00:36:54,680
Speaker 1: your podcasts, and I'll meet you back here tomorrow in

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00:36:54,719 --> 00:36:58,480
Speaker 1: the fastest hour in politics, the best conversation on the radio.

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Speaker 1: Thanks for making it part of your day. I'm Joe Matthew.

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Speaker 1: This is Bloomberg H