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Speaker 1: Why from our nation's camera this budget thing is going

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Speaker 1: to do nothing space forces. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines Policy and

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Speaker 1: Politics colliding Floomberg sound On, the Insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: my DNA. The Senate map in looks a lot different

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The President has to do exactly what people

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Speaker 1: send him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg

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Speaker 1: and one oh five point seven h d two New

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Speaker 1: emails show that the Office of Management Budget withheld four

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Speaker 1: hundred million dollars worth of military aid to Ukraine ninety

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Speaker 1: minutes TikTok ninety minutes after that July phone call between

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Speaker 1: President Trump and President Zelinski. Will it impact the impeachment

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Speaker 1: and Boeing? Boeing gone, Dennis Muhlenberg out as Boeing CEO.

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Speaker 1: The top CEO was ousted earlier today and replaced by

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Speaker 1: David Calhoun. What does it mean for Boeing and what

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Speaker 1: does it mean for the f A A we will

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Speaker 1: bring you all of the latest. I'm Kevin Cirilli, chief

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Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. We're gonna

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Speaker 1: talk about all of the North Korea developments. Have you

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Speaker 1: been following this? John Bolton speaking out to Axios and

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Speaker 1: Kim Jong Un saying that he's got some type of

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Speaker 1: holiday gift for America. No clue whether it's a gift

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Speaker 1: or a bad gift, but with Kim Jong Un, I'm

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Speaker 1: assuming it's a bad gift. We're gonna talk foreign policy

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Speaker 1: coming up, but first let's begin with impeachment. Adam Green

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Speaker 1: is here. He, of course, is the co founder of

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Speaker 1: the Progressive Change Campaign Committee and a Warren World insider.

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Speaker 1: And Bernie Sanders. I'm gonna start saying both now, Adam,

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Speaker 1: because Bernie, Bernie has ascended rapid well, really isn't. He

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Speaker 1: doesn't gone anywhere. He's still number two in the polls.

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Speaker 1: I'm gonna I'm gonna grill you on as well. John Siddeley, Dyes,

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Speaker 1: John Siddeley. I like that last name, John, It's a

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Speaker 1: beautiful Greek name. Your first time on the program, sir,

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Speaker 1: all right, thanks so much for being here. Hopefully you'll

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Speaker 1: enjoy your time. Geo political strategists at Trilogy Advisors and

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Speaker 1: diplomacy coordinator under contract to the State's Department. What do

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Speaker 1: you do there, Well, we managed professional development of senior

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Speaker 1: diplomats who are being stationed in Turkey, Greece and Cyprus,

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Speaker 1: so we ensure that they're in a position to be

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Speaker 1: able to best defend and advanced American national interests in

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Speaker 1: that part of the world. We work with countries along

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Speaker 1: the Periphery and the Black Sea region, the Balkans, the

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Speaker 1: Middle East, and Northern Africa. And we also prepare ambassadors

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Speaker 1: with briefing books for their Senate confirmation hearings in that

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Speaker 1: particular region or in all regions Southern Europe. Southern Europe. Well,

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Speaker 1: it's been a busy region, to say the least, John,

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Speaker 1: it's going to get a lot busier in buckle up,

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Speaker 1: all right, Well, did you see this these emails, Adam?

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Speaker 1: They came out, they were made public within the last

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Speaker 1: day or so, and ninety minutes. Ninety minutes was what

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Speaker 1: it took four officials at the Office of Management and

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Speaker 1: Budget to freeze four hundred million dollars worth of military

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Speaker 1: aide to the Ukraine. The aide mind you was ultimately released.

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Speaker 1: But ninety minutes after that July two thousand and eighteen

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Speaker 1: phone calling question between President Trump and Ukraine President Zalinski

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Speaker 1: and well, President Trump uh saying that this isn't going

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Speaker 1: to change the trajectory of this. We actually have a

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Speaker 1: sound bite from Senate Minority Leader Chuck Schumer and Senate

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Speaker 1: Minority Leader Chuck Schumer says that this is going to

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Speaker 1: be a bombshell. Take a listen to the top Democrat

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Speaker 1: in the Senate, Michael Duffy. A top Trump administration officials,

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Speaker 1: sent an email ordering the military assistance to Ukraine be

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Speaker 1: withheld one minutes after. I mean, I go on a

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Speaker 1: run in ninety one minutes, but go ahead at him.

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Speaker 1: Does that change the dynamics of impeachment? It does a

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Speaker 1: little bit. I mean, this is one more validation for

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Speaker 1: the idea that Trump is one of the most corrupt

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Speaker 1: presidents in history, and anybody who considers himself an American

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Speaker 1: patriot or a lover of constitution should want this impeachment

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Speaker 1: trial to go forward with dignity and respect towards the Constitution.

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Speaker 1: What is this further validate the idea that we're hearing

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Speaker 1: from Democrats in the House that not all facts are

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Speaker 1: on the table yet. Right, you can have sufficient proof

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Speaker 1: to pass impeachment while also having more facts come out

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Speaker 1: and more facts come out. And that's why, in addition

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Speaker 1: to these things coming out, having mcmulvaney and John Bolton

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Speaker 1: and others who were in the room or on the

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Speaker 1: phone testify makes complete logical sense. At this point. It's

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Speaker 1: never gonna I mean, I don't think the dynamics have

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Speaker 1: changed in the sense that Senate Majority Leader Mitch McConnell,

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Speaker 1: he's not blinking about this. President Trump, for his part,

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Speaker 1: now tomorrow Lago Nice Club. Gotta be honest, he's saying

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Speaker 1: that he I mean, he met with Rudy Giuliani, his

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Speaker 1: personal attorney, and just the other day down at Marrow Lago.

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Speaker 1: Take a listen to what President Trump had to say

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Speaker 1: about Speaker of the House Nancy Pelosi. Here's the President

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Speaker 1: of the United States. She says, you know, she has

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Speaker 1: no case. She has no case, so let's not submit it.

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Speaker 1: That's good, right, it's good. But you know what's so unfair,

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Speaker 1: it's so unfair, just no case. Trump speaking over the

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Speaker 1: weekend in Palm Beach. Do we know anything John about

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Speaker 1: the timetable yet? Have there been any updates? I haven't

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Speaker 1: heard any in terms of when this trial is finally

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Speaker 1: going to get started in the Senate, If a trial

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Speaker 1: is going to be started in the Senate, I don't

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Speaker 1: think we have any update today, and we may not

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Speaker 1: have any clarity until after the new year. There are

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Speaker 1: several options here, I mean, and it also depends on

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Speaker 1: what constitutional lawyers are debating. I don't think there's any

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Speaker 1: clear pathway forward. All we know is that the House

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Speaker 1: impeaches and the Senate conducts the trial. Now, how the

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Speaker 1: rules are set up for those particular processes depend on

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Speaker 1: who's leading each body at that time. So there was

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Speaker 1: one system that was set up for the Clinton impeachment,

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Speaker 1: and there'll be one now. Nancy Pelosi set the rules

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Speaker 1: for the House impeachment, and Mitch McConnell, after negotiations with

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Speaker 1: Chuck Schumer, the minority leader, will set up the rules

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Speaker 1: system for the Senate. But the question is, does Mitch

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Speaker 1: McConnell have to wait for the actual delivery of the papers?

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Speaker 1: Does he? I don't know, and I'm not sure that

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Speaker 1: there's a definitive opinion on this, but I think he'll

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Speaker 1: make fascinating I mean, think about it. This is what

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Speaker 1: the third impeachment process that we've gone through, fourth if

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Speaker 1: you consider Nixon, and we don't even know if after

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Speaker 1: an impeachment they got to send the files over, the

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Speaker 1: documents over. I mean, it's all, you can't make it up.

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Speaker 1: And now we we could we I'm not I don't

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Speaker 1: mean to laugh. We could, truthfully, Adam Green have a

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Speaker 1: trial without Speaker Pelosi handing over the goods. It's possible. Look,

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Speaker 1: I would grant the point that they are as there's

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Speaker 1: not one right way and one wrong way of doing this. Right,

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Speaker 1: it's a little bit more phasical I would. I would

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Speaker 1: hope that they're in Our constitution is only one white,

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Speaker 1: one process to go through. But I get your point,

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Speaker 1: go ahead, right, But I do think, I mean, for

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Speaker 1: that point, that there are just some first principles, some

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Speaker 1: basic logic that could be applied here, right. I don't

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Speaker 1: think when when you hear Mitch McConnell and others say

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Speaker 1: this is a political process, it's very important to point

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Speaker 1: out it's not about Mitch McConnell. It's not about miocratic

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Speaker 1: political leaders, not about speaker Pelos. It's about the American people, right,

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Speaker 1: And I think the first principle that I would on

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Speaker 1: the table is, look, should we be covering stuff up

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Speaker 1: from the American people or should in this constitutionally accounted

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Speaker 1: for process of impeachment, should we have a fair trial

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Speaker 1: and transparentcy for the American people. And when it comes

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Speaker 1: to what the Trump administration has done to proactively block

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Speaker 1: those with firsthand knowledge from testifying and obstruct this investigation,

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Speaker 1: I think everybody should be like, that's not okay, John,

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Speaker 1: I've got my calendar marked, and and and and look,

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Speaker 1: we've got the Iowa caucus is coming up, We've got

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Speaker 1: you know, New Hampshire, South Carolina. We'll talk to twenty.

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Speaker 1: But February four is marked in my Apple calendar. February

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Speaker 1: four is the State of the Union address. It's going

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Speaker 1: to be right after, right after the Iowa caucuses, and

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Speaker 1: I believe right after the primary of New Hampshire, right no,

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Speaker 1: right before, right right before. So you've got Iowa, then

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Speaker 1: the State of the Union address, and the Senate impeach

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Speaker 1: mint trial happening in real time. I would assume by

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Speaker 1: then is going on. Whoa that that that address the

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Speaker 1: President Trump gives, I know, are a way out from it.

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Speaker 1: But you hear these emails, you hear this trial, and

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Speaker 1: the drumbeat that's starting that week in America politics is

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Speaker 1: going to be as dizzying as last week. The weeks

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Speaker 1: ahead will be dizzy. And Kevin, I mean to Adam's

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Speaker 1: point about the fairness of what has taken place in

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Speaker 1: the House so far, the Republicans will argue that it

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Speaker 1: was a very unfair process. They were not able to

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Speaker 1: bring their own witnesses into the hearings, they were unable

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Speaker 1: to access Adam Schiff's goings on in the basement of

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Speaker 1: the House as they were preparing for the hearings and

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Speaker 1: the Intelligence Committee, and they just feel that it was

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Speaker 1: a process that shut them out and was completely run

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Speaker 1: by the Democrats, by new Speaker Pelosi, by Chairman Chief

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Speaker 1: and then Chairman Nadler. So if there's a fairness issue,

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Speaker 1: I think there's a very healthy debate as to what

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Speaker 1: took place following two and a half years of what

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Speaker 1: turns out to have been a complete hoax under the

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Speaker 1: Robert Mueller investigation. So there was no nothing to do

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Speaker 1: with Russia at all. Russia had no involvement at all

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Speaker 1: in the election of President Trump. No one was able

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Speaker 1: to fund any evidence whatsoever, and so we've had two

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Speaker 1: and a half years of impeachment talk there than a

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Speaker 1: rushed process because the Ukraine call was apparently such an

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Speaker 1: urgent threat to national security, they had to rush it through.

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Speaker 1: And then when they're done, Nancy Pelosi says, Okay, let's

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Speaker 1: go on holiday for that last minute brought to you

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Speaker 1: by Bripe Part Radio. That is not that's not just gentlemen, listen,

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Speaker 1: I got I gotta, I gotta take the mic back

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Speaker 1: for a second. Listen, I'm on the a sella back

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Speaker 1: to Delco right after the program chat ready for a

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Speaker 1: very sourralled Christmas. Let me tell you this is good

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Speaker 1: prep work because where I'm from, I can't get a

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Speaker 1: word when get a word and edgewise, and everyone's got

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Speaker 1: a different political opinion. I take it you disagree. I

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Speaker 1: gave you the opening word. I'm going to give him

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Speaker 1: that segment coming up. We'll have more time to talk

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Speaker 1: coming up. We'll talk, but we're gonna leave it there

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Speaker 1: for now. Adam Green, co founder of the Progressive Change

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Speaker 1: at Paying Committee, and John Cialiti's geopolitical strategist at Trilogy

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Speaker 1: Adviser's diplomacy coordinator under contract to the State Department. Download

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Speaker 1: the Bloomberg Sound On podcast on Apple iTunes, at Bloomberg

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Speaker 1: dot com, or by downloading the Bloomberg Business App. You

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Speaker 1: can also find us on Radio dot Com, I Heart Radio,

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Speaker 1: and Spotify. I'm Kevin Cirelli. Hope hoping everybody is having

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Speaker 1: a safe holiday season and wherever you are commuting to

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Speaker 1: that you are keeping your eyes on the road. You're

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Speaker 1: listening to Bloomberg, You're listening to Bloomberg Sound On with

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Speaker 1: Kevin Surrele on Bloomberg and one oh five point seven

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Speaker 1: f m h D two. Kevin Cereli, Chief Washington correspondent

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Speaker 1: for Bloomberg Television Bloomberg Radio. I was just telling our

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Speaker 1: guests Adam Green and John Cialitis that this is like

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Speaker 1: the first year in several years that I am not

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Speaker 1: doing seven fishes, And then John looks at me and goes,

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Speaker 1: what's seven fishes? Seven fishes? If for an Italian is

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Speaker 1: like you know, I, I don't even know how to

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Speaker 1: explain it. Christmas Eve, you have you have seven fish,

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Speaker 1: seven fishes and fish concerts in a row. Very Jake

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Speaker 1: Sherman's bad. Uh No, it's I don't even know how

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Speaker 1: to explain it. Like you have a different dish and

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Speaker 1: it's made with different fish, and then everyone would go

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Speaker 1: to midnight mass. How am i the only you have

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Speaker 1: never heard of this? I'm vegetarian. I'll give you Swedish fish.

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Speaker 1: How about seven tofus seven sis and then and then

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Speaker 1: like the Swedish fish? Interesting? All right? Well that was

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Speaker 1: one of my traditions that we used to do with

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Speaker 1: our neighbors. But we're not doing it this year anyway.

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Speaker 1: Uh My, the Christmas blow ups in my parents house

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Speaker 1: are up? Do you guys do the blow ups? No? John,

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Speaker 1: I'm still talking about do you guys do like the

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Speaker 1: church at seven pm tomorrow? Well? Happy Hanukah, happy Kwansa,

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Speaker 1: Happy holidays, whenever you celebrate. I hope that you have

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Speaker 1: a Mary Mary holiday season. And what do you want

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Speaker 1: to talk about? Let's talk. I think I think Bernie

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Speaker 1: Sanders is the dark horse in this race. I I truthfully,

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Speaker 1: I was in l a And for the debate and

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Speaker 1: I was I thought, this, this is consistency from Bernie Sanders.

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Speaker 1: He's pulling above nationally. What's take us inside of that

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Speaker 1: of their campaign strategy. What's Weaver telling everybody over there?

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Speaker 1: Does he have to win? I wo is't to win Hampshire.

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Speaker 1: What's the play here? Well, I know you're for Warren. Yes,

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Speaker 1: As you know, the Progressive Change Campaign Committee was the

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Speaker 1: first national group to endorse Wine. I don't claim to

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Speaker 1: have insight into Jeff Weaver's brain, but um I do

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Speaker 1: have insight into you know, something fairly obvious, which is

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Speaker 1: that Bernie entered this primary with a fairly high floor.

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Speaker 1: Right his his base of support will always be fifteen

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Speaker 1: seventeen percent. Now it's twenty one. Says that he's been

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Speaker 1: getting some support, so good for him, and I think

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Speaker 1: between him and Elizabeth Warren, they're proving that there is,

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Speaker 1: you know, a large constituency for Bowld progressive ideas. I

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Speaker 1: actually would argue that there's a larger progressive constituency. There's

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Speaker 1: a lot of scared progressive what I call electability voters

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Speaker 1: who in their heart want to progressive president, want bowl

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Speaker 1: transformational change, but as a threshold issue, want to win

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Speaker 1: and are just nervous. And some of those people have

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Speaker 1: been temporarily parked with Biden, with Kamala with Pete, and

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Speaker 1: we'll see where they land. But I think that you know,

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Speaker 1: no matter what, Bernie will do quite well. And I

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Speaker 1: think what we've seen with Elizabeth Warren over time is

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Speaker 1: that her core message of being against systemic corruption, which

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Speaker 1: unites Republican and Democratic voters, being for re re orienting

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Speaker 1: the government to be on the regular people's side as

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Speaker 1: the big corporations is a pretty popular message. But she's

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Speaker 1: going after Pete, She's going out to Buddish judge. There's

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Speaker 1: one after each other. The wine the wine caves, all right,

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Speaker 1: we're like, what four days removed from it? Now it's sunken.

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Speaker 1: And I didn't even know what Winde came. I'd google it.

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Speaker 1: But that says more about me that it doesn't about

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Speaker 1: anybody else. And Pete was it was a message object

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Speaker 1: for her core narrative, which is that there's this big

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Speaker 1: money systemic corruption, right, big lobbyists, big ceo s who

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Speaker 1: have time with politicians while they're not listening to regular people. Right.

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Speaker 1: Once I've been to some of these big money fundraisers,

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Speaker 1: and I'll tell you, like people that have compelling healthcare stories,

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Speaker 1: people who say I'm struggling with child care. They are

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Speaker 1: not asking questions at these events. And that's why Lizabeth

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Speaker 1: Warrange core point that you're selling access to your time

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Speaker 1: while I'm out there in the selfie line doing town

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Speaker 1: halls talking to people is quite compelling about what side

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Speaker 1: the government will be on. I don't want to. I

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Speaker 1: don't wanna you know me, I'm a straight shooter and

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Speaker 1: unfair that said. I mean she does talk to CEO.

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Speaker 1: She has to, she's an elected leader. I've reported on

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Speaker 1: some of her conversations with Jamie Diamond and but they're

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Speaker 1: not they're they're they're more senatorial in an office setting.

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Speaker 1: They're they're not, you know, fundraisers around the golf course together, right,

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Speaker 1: And if talking includes being at a committee hearing demanding

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Speaker 1: that the CEO of Wells Fargo resigned when he did

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Speaker 1: several days or weeks later, like that's I guess that's

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Speaker 1: a conversation. But her point is she is not. Her

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Speaker 1: method for running the campaign is not selling access to

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Speaker 1: big money donor. John, let me put you on the

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Speaker 1: spot here just a little bit. Given your background and

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Speaker 1: how you train folks in the Foreign service and for

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Speaker 1: diplomatic posts and whatnot, you ever get like a rich

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Speaker 1: donor who has no idea what they're doing, but they

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Speaker 1: got the job because their donor. I mean, does this

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Speaker 1: stuff actually go on or what do you make of

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Speaker 1: this rhetoric and the cultural argument about buying an access

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Speaker 1: to ambassadorships and whatnot. Well, it's simply a bipartisan fact

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Speaker 1: of life in Washington decent decades. And we see this

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Speaker 1: in the Trump administration. We saw this in the Obama

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Speaker 1: administration in Bush forty three and Clinton and Bush forty one,

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Speaker 1: go back as far as you like. So that's a

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Speaker 1: natural part of it. And you really can't have a

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Speaker 1: national political campaign without the kind of cash that wealthy

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Speaker 1: donors are able to provide. And the Supreme Court is

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Speaker 1: already clear on this that that donations are speech, and

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Speaker 1: so there'll always be a debate about how to best regulate,

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Speaker 1: if at all, campaign donations. But what's happening now in

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Speaker 1: the Democratic debate is what should be happening. They should

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Speaker 1: be taking each other on because they're trying to win

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Speaker 1: the support of the greatest number of voters and what

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Speaker 1: will be decisive caucuses and primaries in the months ahead.

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Speaker 1: So this is not a field good back scratching contest.

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Speaker 1: So if Elizabeth Warren is going after Pee bottage Age

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Speaker 1: or after Joe Biden, or after Bernie Sanders. So be it.

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Speaker 1: I mean, this is what the Republicans did in twenties sixteen,

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Speaker 1: and it's how Trump became ascendant to the shock of

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Speaker 1: the American nation in the world. And uh, and it's

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Speaker 1: a healthy part of the democratic process. Small d for

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Speaker 1: the for the party. Amy kloba Char, you've been hearing

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Speaker 1: about her lately. She's a Democrat from Minnesota. She took

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Speaker 1: one bridge. I mean, I thought quite effectively took on

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Speaker 1: Pee Buddhadge in the last Democratic presidential debate. That exchange

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Speaker 1: about experience in particular, it was interesting. Well, she was

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Speaker 1: in South Dakota earlier today and she talked about leadership. Here,

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Speaker 1: Senator Amy Klobachar, you should rise to leadership. Um, you

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Speaker 1: don't just float about what other people did, the farmers

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Speaker 1: and workers and businesses that hung in through the downturn

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Speaker 1: and got us out of the downturn. So there you

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Speaker 1: have her and the mayor p Budda Judge just saying

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Speaker 1: earlier today in Iowa, well, talking about unity, here's pet

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Speaker 1: Buddha Judge. We have to come together, especially at this moment.

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Speaker 1: We're even compared to twenty six team, where there was

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Speaker 1: a sense of a wolf at the gates. This time

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Speaker 1: the wolf is through the gates eating our chickens. Uh.

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Speaker 1: We we cannot afford to be anything but unified. I guess, guess,

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Speaker 1: and I only talk about chickens eating. I don't know,

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Speaker 1: I don't know what that is. But uh, I was.

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Speaker 1: It's interesting to me that the Warren campaign not targeting

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Speaker 1: and but that and Buddha Judges campaign that they're in this,

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Speaker 1: that they're in this scuffle because it it would indicate

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Speaker 1: that that Warren feels that she can get some of

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Speaker 1: his voters and vice versa, and they and but they're

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Speaker 1: very different on policy, you know. I mean, it's this

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Speaker 1: highly educated, suburban voter, typically white voter that both of

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Speaker 1: them seem to really be going after. Well, again, there

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Speaker 1: are a lot of scared progressive electability voters. And I

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Speaker 1: would actually say Amy Klobuchar tacked into that. Her core

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Speaker 1: critique of Buddha Judge was, Hey, you say you're from

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Speaker 1: mike pent Is, Indiana. You're from a college town, a

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Speaker 1: liberal college town, where you want eight thousand votes if

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Speaker 1: you would want in Indiana that would be one thing.

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Speaker 1: But saying that you're from my Penis, Indiana is like

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Speaker 1: winning mayor of Austin and saying I'm from Ted Cruzes, Texas.

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Speaker 1: It's not the same thing. So she's making and he lost.

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Speaker 1: Well he also lost that, but but that was that's

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Speaker 1: that's a big loss. And then to run for president, right,

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Speaker 1: That's that's what struck me at her critique. Yeah, and

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Speaker 1: to the point that was made before in terms of

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Speaker 1: how you have to raise money, I mean, honestly, Pete

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Speaker 1: has raised less money than Bernie and Elizabeth Warren. Like

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Speaker 1: there's a way of doing it, the grassroots way. And

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Speaker 1: as someone who runs an email list of nearly a

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Speaker 1: million members, I can tell you that people won't donate

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Speaker 1: if they feel powerless, if they feel like, oh, you

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Speaker 1: could have big money anyway, So what is my three dollars,

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Speaker 1: my five dollars matter? They won't give. But what Burnie

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Speaker 1: and Warren approving is if you put it on the

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Speaker 1: table and say, look, I'm not going to spend my

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Speaker 1: time with these big guys. Now, just to clear, they

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Speaker 1: are still raising money from bigger donors. If they want

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Speaker 1: to go on the website and voluntarily give they're not,

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Speaker 1: you know, latterly disarming, but they're not spending their time

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Speaker 1: selling access to these people in wine caves. And I

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Speaker 1: still think that the fight, I mean, I think it's interesting.

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Speaker 1: I thought it was effective for Chlovid Charter to to

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Speaker 1: go after budda judge in the last debate. In this

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Speaker 1: back and forth, she became the first candidate, by the

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Speaker 1: way earlier today to go to all of the counties

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Speaker 1: in Iowa. Uh, if she has a straw, and it's

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Speaker 1: still far out. If she were to overperform in Iowa,

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Speaker 1: at some point, she would have to turn on Biden

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Speaker 1: less so on on Warren. And that's why the dynamics

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Speaker 1: of this are just so quickly. Do you think Warren

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Speaker 1: can bounce back quickly? Do you think Warren can bounce

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Speaker 1: back in the polls? Yes, exactly what she's doing now.

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Speaker 1: What fueled her rise was a focus on systemic corruption,

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Speaker 1: taking on big corporate actors on behalf of everyday people.

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Speaker 1: And that's where the conversation is again, right And the

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Speaker 1: fact that you know, one of the main people in

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Speaker 1: the Trump impeachment is an ambassador who donated a million

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Speaker 1: dollars just underscores her call for taking on this demo

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Speaker 1: corruption and big money in floor. All right, coming up,

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Speaker 1: we're gonna talk geo politics and business panels, stays. I'm

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Speaker 1: Kevin's really. Download the Bloomberg Sound On podcast on Apple iTunes,

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Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app.

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Speaker 1: You can also find us on Radio dot com, I

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Speaker 1: Heart Radio, and Spotify. And Kevin's really. I wanted to

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Speaker 1: leave the show at this, but I'm rooting for the

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Speaker 1: Redskins this weekend because that would make it easier for

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Speaker 1: my Eagles to get in the playoffs. You're listening to

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Speaker 1: Bloomberg alright, and I want you're listening to Bloomberg Sound

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Speaker 1: On with Kevin Surley on Bloomberg and one oh five

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Speaker 1: point seven f M h D two. You know what's

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Speaker 1: supposed to come first is the safety of people who

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Speaker 1: are flying in those airplanes, the American public, not the

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Speaker 1: profits of Boeing. That was Senator Elizabeth Warren, Democrat from Massachusetts,

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Speaker 1: Democratic presidential candidate, talking back in March when now former

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Speaker 1: Boeing CEO Dennis Muhlenberg was testifying before Congress following the

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Speaker 1: deadly crashes. The two deadly crashes of its top selling

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Speaker 1: seven thirty seven Max jetliner. Dennis Muhlenberg was ousted as

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Speaker 1: the CEO. I'm reading now from the Bloomberg terminal. Dennis

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Speaker 1: Muhlenberg ousted, his chief exam utive officer of Boeing and

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Speaker 1: once unthinkable turning point for a US industrial champion, now

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Speaker 1: engulfed in turmoil after two deadly crashes of its top

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Speaker 1: selling seven thirty seven Max jet liner. David Calhoun. David Calhoun,

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Speaker 1: that's the name, remember it. A General Electric Company veteran

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Speaker 1: who has served as chairman since October, is going to

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Speaker 1: replace Muhllenberg as CEO starting January. Bowing made this announcement

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Speaker 1: earlier today. It really comes following this rare public rebuke

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Speaker 1: earlier this month by the US Federal Aviation Administration. I mean,

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Speaker 1: for the Boeing CEO to go up against f a

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Speaker 1: A would have been unthinkable. Uh So, I guess you

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Speaker 1: know what we're getting from these reports is that shareholders

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Speaker 1: lost confidence in Dennis Muhlenberg because of that friction with

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Speaker 1: the f a A. And it's now David Calhoun's turn

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Speaker 1: to try to turn it around. And you know, this

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Speaker 1: is a guy who led g E following at eleven

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Speaker 1: and uh really you know, took a situation back and

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00:22:06,040 --> 00:22:10,439
Speaker 1: then and uh was able. He ran Ges Aircraft Engines

427
00:22:10,480 --> 00:22:13,119
Speaker 1: Division from two thousand to two thousand four and then

428
00:22:13,160 --> 00:22:16,160
Speaker 1: ascended to vice chairman before leaving the company in two

429
00:22:16,160 --> 00:22:17,879
Speaker 1: thousand and six. So he was with it through a

430
00:22:18,000 --> 00:22:21,560
Speaker 1: through a lot, a large period of growth. Out of

431
00:22:21,640 --> 00:22:25,359
Speaker 1: Green's here co foundered the Progressive campaign of Progressive Change

432
00:22:25,359 --> 00:22:30,240
Speaker 1: Campaign Committee and John Cieliti's geopolitical strategist at Trilogy Advisors

433
00:22:30,240 --> 00:22:34,760
Speaker 1: and diplomacy coordinator under contract to the United States State Department. John,

434
00:22:35,600 --> 00:22:37,919
Speaker 1: I mean, Boeing is such a massive company, such an

435
00:22:37,960 --> 00:22:44,520
Speaker 1: important American iconic company. Ken David Calhoun restore trust forgot

436
00:22:44,560 --> 00:22:49,880
Speaker 1: about shareholders for a second, in in Americans and in regulators,

437
00:22:50,280 --> 00:22:52,280
Speaker 1: He's going to have to and I mean that's why

438
00:22:52,359 --> 00:22:55,120
Speaker 1: they brought him on board. What's interesting is that he's

439
00:22:55,200 --> 00:22:59,920
Speaker 1: he's considered to possess exceptional aviation expertise skills. I mean,

440
00:23:00,000 --> 00:23:02,680
Speaker 1: he specializes in the industry and he's been a board

441
00:23:02,720 --> 00:23:06,240
Speaker 1: member of Boeing since two thousand nine. So I think

442
00:23:06,240 --> 00:23:08,919
Speaker 1: they're looking for as seamless a transition as possible for

443
00:23:09,000 --> 00:23:12,399
Speaker 1: leadership purposes. They needed to bring someone into replace Muhlenberg.

444
00:23:12,440 --> 00:23:15,879
Speaker 1: But Calhoun's got an enormous task ahead of him. He

445
00:23:15,960 --> 00:23:23,400
Speaker 1: has to rebuild trust and reassure regulators, employees, business partners, lawmakers, shareholders. Yes,

446
00:23:23,560 --> 00:23:26,480
Speaker 1: And one of the ideas that's circulating now is maybe

447
00:23:26,720 --> 00:23:30,679
Speaker 1: because Muhlenberg also was fired or resigned from the board,

448
00:23:30,960 --> 00:23:33,199
Speaker 1: so there's an open board position award Bowing. So not

449
00:23:33,240 --> 00:23:36,200
Speaker 1: only is Calhoun the new CEO, but with the open

450
00:23:36,200 --> 00:23:38,600
Speaker 1: board spot, maybe it would be wise for Bowing to

451
00:23:38,680 --> 00:23:43,160
Speaker 1: consider bringing in a regulator, somebody who understands the industry

452
00:23:43,200 --> 00:23:46,480
Speaker 1: and can participate at that board level. Yeah, and try

453
00:23:46,520 --> 00:23:49,159
Speaker 1: to reassure all of these different constituents that Bobbing is

454
00:23:49,200 --> 00:23:51,199
Speaker 1: going to have to to ensure that it's got a

455
00:23:51,320 --> 00:23:54,159
Speaker 1: much better year than it just endured. I mean, folks,

456
00:23:54,160 --> 00:23:56,520
Speaker 1: if you're listening, I mean, just just to be to

457
00:23:56,600 --> 00:23:58,399
Speaker 1: be really clear here, for the f a A to

458
00:23:58,480 --> 00:24:01,719
Speaker 1: have friction with Boeing, which be chronicled and there's been

459
00:24:01,760 --> 00:24:06,480
Speaker 1: reports on the last several months, is I'm trying to

460
00:24:06,520 --> 00:24:09,920
Speaker 1: find an analogy, but it's it's stunning here in Washington

461
00:24:09,960 --> 00:24:12,880
Speaker 1: inside of the Beltway. I mean, Boeing's presence in Washington

462
00:24:13,040 --> 00:24:16,919
Speaker 1: just notably large, and and for that there there to

463
00:24:16,920 --> 00:24:19,600
Speaker 1: be friction with the f a A A and Boeing is stunning.

464
00:24:20,240 --> 00:24:23,160
Speaker 1: So if that were to improve, you know it would

465
00:24:23,200 --> 00:24:27,280
Speaker 1: be it would be a new uh dynamic. Meanwhile, go

466
00:24:27,280 --> 00:24:29,080
Speaker 1: ahead and Adam, Yeah, well, first, I agree with all

467
00:24:29,080 --> 00:24:31,440
Speaker 1: of John's points. Look, I found something that John and

468
00:24:31,560 --> 00:24:34,199
Speaker 1: Adam agree on. There we go. It's the holidays. I'm

469
00:24:34,240 --> 00:24:37,480
Speaker 1: bringing everybody together. So you know, I guess what I

470
00:24:37,480 --> 00:24:40,840
Speaker 1: would add to that is, you know which political party

471
00:24:41,080 --> 00:24:45,600
Speaker 1: is most opposed to airplanes tragically crashing and burning. I

472
00:24:45,640 --> 00:24:47,320
Speaker 1: think the answer to that is the same as which

473
00:24:47,320 --> 00:24:51,680
Speaker 1: political party most is opposed to they're being polluted air

474
00:24:51,720 --> 00:24:54,920
Speaker 1: and water for their kids, or which political party is

475
00:24:55,480 --> 00:24:57,640
Speaker 1: wa wait wait wait wait wait is most opposed to foreclosures.

476
00:24:57,640 --> 00:25:01,320
Speaker 1: The answer is neither. There is by Partison, I was

477
00:25:01,400 --> 00:25:03,879
Speaker 1: literally I was about I'm gonna let you finish, but

478
00:25:03,880 --> 00:25:05,399
Speaker 1: I thought you were going to send the Democrats. And

479
00:25:05,840 --> 00:25:08,959
Speaker 1: I can't know I'm actually saying this. There are some

480
00:25:09,000 --> 00:25:11,879
Speaker 1: issues that are left right in d C, but so

481
00:25:11,920 --> 00:25:15,080
Speaker 1: many issues, in this case involving corporate corruption, are more

482
00:25:15,119 --> 00:25:18,200
Speaker 1: inside versus outside. Why does Boeing have so much influence

483
00:25:18,240 --> 00:25:21,080
Speaker 1: in the capital because of what Eisenhower called the military

484
00:25:21,080 --> 00:25:25,320
Speaker 1: industrial complex. There is so much corporate capture of our

485
00:25:25,359 --> 00:25:29,360
Speaker 1: agencies that the FDA dare's not challenge Bowing, which has

486
00:25:29,440 --> 00:25:32,280
Speaker 1: jobs in so many congressional districts. But this proves the

487
00:25:32,320 --> 00:25:34,760
Speaker 1: point that we need a politician like Trump who railed

488
00:25:34,760 --> 00:25:38,080
Speaker 1: against Wall Street speeches, railed against corporate trade deals, railed

489
00:25:38,080 --> 00:25:41,240
Speaker 1: against the swamp in Washington. We need a Democratic nominee

490
00:25:41,400 --> 00:25:44,240
Speaker 1: who can tap into that same hunger for systemic change

491
00:25:44,520 --> 00:25:46,960
Speaker 1: and the undoing of corporate captures. So I think this

492
00:25:47,000 --> 00:25:49,200
Speaker 1: is the fact that Elizabeth Warren was out there taking

493
00:25:49,240 --> 00:25:51,280
Speaker 1: the lead on calling for this guy's resignation is pretty

494
00:25:51,280 --> 00:25:54,760
Speaker 1: symbolic of that. Well, to your point earlier, Kevin about

495
00:25:54,800 --> 00:25:57,760
Speaker 1: the problems that Bowing is facing, there's also been bipartisan

496
00:25:57,800 --> 00:26:02,560
Speaker 1: criticism under Muhllenberg's leader ship of Boeing's inability to provide

497
00:26:03,080 --> 00:26:06,600
Speaker 1: quality data and transparency to the f a A during

498
00:26:06,640 --> 00:26:09,320
Speaker 1: the last several months, making this a much more difficult

499
00:26:09,359 --> 00:26:12,120
Speaker 1: situation for the f a A and bringing about both

500
00:26:12,119 --> 00:26:16,359
Speaker 1: democratic and Republican criticism of that leadership. Don't forget also

501
00:26:16,480 --> 00:26:18,920
Speaker 1: that I think one of the things that triggered this firing.

502
00:26:18,960 --> 00:26:20,439
Speaker 1: For lack of a better word, I mean we can

503
00:26:20,480 --> 00:26:22,560
Speaker 1: say formally it's a resignation, but he was fired by

504
00:26:22,560 --> 00:26:26,160
Speaker 1: the board. Is the failure of the Boeing Space Capsule

505
00:26:27,080 --> 00:26:29,119
Speaker 1: Star last week? Yes, that's right. It was supposed to

506
00:26:29,119 --> 00:26:32,879
Speaker 1: connect with the space station and there was some technical

507
00:26:33,200 --> 00:26:36,359
Speaker 1: malfunction and it went into the wrong orbit and the

508
00:26:36,359 --> 00:26:40,280
Speaker 1: the project was aborted. And so this on top of

509
00:26:40,280 --> 00:26:42,359
Speaker 1: all of the problems that Boeing has had from a

510
00:26:42,400 --> 00:26:46,600
Speaker 1: regulatory perspective, from a safety perspective, and from a leadership perspective,

511
00:26:46,800 --> 00:26:48,120
Speaker 1: I think it was just too much for the board

512
00:26:48,320 --> 00:26:50,439
Speaker 1: taken ahead. I mean there's no other way. I mean,

513
00:26:50,480 --> 00:26:52,920
Speaker 1: Bowing is such an again, and it is an incredibly

514
00:26:52,960 --> 00:26:56,960
Speaker 1: important company, an American company that has a global presence,

515
00:26:56,960 --> 00:26:59,600
Speaker 1: of global footprint, and and Adam, to your point, has

516
00:27:00,359 --> 00:27:03,119
Speaker 1: incredible clout in all over the country in terms of

517
00:27:03,280 --> 00:27:07,560
Speaker 1: various UH part makers and mechanics and whatnot. But there's

518
00:27:07,600 --> 00:27:09,399
Speaker 1: no doubt. I mean, just within the last seventy two

519
00:27:09,440 --> 00:27:11,400
Speaker 1: hours you mentioned the jet liner. Coming up, we're gonna

520
00:27:11,400 --> 00:27:13,840
Speaker 1: talk foreign policy, We're gonna see what's on the panel's radar.

521
00:27:14,160 --> 00:27:16,919
Speaker 1: Download the Bloomberg Sound On podcast on Apple iTunes, at

522
00:27:16,920 --> 00:27:19,720
Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business app.

523
00:27:19,760 --> 00:27:21,960
Speaker 1: You can also find us on Radio dot Com, I

524
00:27:22,040 --> 00:27:24,440
Speaker 1: Heart Radio, and Spotify. I'm Kevin Cirelli, and I'm still

525
00:27:24,440 --> 00:27:28,359
Speaker 1: basking in the glow of the Lincoln Financial Field. I

526
00:27:28,440 --> 00:27:29,800
Speaker 1: was at the Link. I had a field past. I

527
00:27:29,800 --> 00:27:32,439
Speaker 1: can't even tell you that stadium in Philly was on

528
00:27:32,760 --> 00:27:37,000
Speaker 1: fire when the Philadelphia Eagles beat the Dallas Cowboys. I'm

529
00:27:37,040 --> 00:27:44,840
Speaker 1: still smiling about it. You're listening to Bloomberg on. This

530
00:27:45,119 --> 00:27:50,399
Speaker 1: is Bloomberg Sound On with Kevin Surley on Bloomberg and

531
00:27:50,440 --> 00:27:52,640
Speaker 1: one oh five point seven f M h D two.

532
00:27:53,200 --> 00:27:56,320
Speaker 1: I'm Kevin Cirelli, Chief Washington correspondent for Bloomberg Television and

533
00:27:56,359 --> 00:28:00,440
Speaker 1: Bloomberg Radio. Adam Green's here. John Celiti's all, so we're

534
00:28:00,440 --> 00:28:02,960
Speaker 1: gonna do what's on your radar. But first, I just

535
00:28:03,000 --> 00:28:05,240
Speaker 1: given your foreign policy background, I wanted to get your

536
00:28:05,280 --> 00:28:12,400
Speaker 1: take on the Saudi development Saudi Arabia sentencing. A Saudi

537
00:28:12,440 --> 00:28:15,400
Speaker 1: Courts reading from CNN a Saudi Courts announcement that five

538
00:28:15,440 --> 00:28:17,840
Speaker 1: people have been sentenced to death for the murder of

539
00:28:17,880 --> 00:28:22,240
Speaker 1: journalist Jamaica Showki. Uh, you're you know, what, what do

540
00:28:22,280 --> 00:28:24,600
Speaker 1: you know about that? I don't know much more than

541
00:28:24,600 --> 00:28:27,040
Speaker 1: what's been reported. But to put it into a larger,

542
00:28:27,119 --> 00:28:28,840
Speaker 1: better question would be what does it mean for US

543
00:28:28,880 --> 00:28:32,280
Speaker 1: Saudi relations? Kevin? Well, Uh, it's a huge issue. Kevin.

544
00:28:32,320 --> 00:28:34,240
Speaker 1: I'm glad you're raising it, because this is one of

545
00:28:34,280 --> 00:28:38,880
Speaker 1: those issues that becomes a major quandary for US policymakers because,

546
00:28:39,040 --> 00:28:41,160
Speaker 1: on the one hand, to the degree that we're looking

547
00:28:41,240 --> 00:28:45,920
Speaker 1: to uphold human rights and some level of morality in

548
00:28:46,160 --> 00:28:49,200
Speaker 1: our international conduct so that we stand up for what's

549
00:28:49,200 --> 00:28:51,880
Speaker 1: important to us as Americans, Saudi Arabia is one of

550
00:28:51,920 --> 00:28:54,480
Speaker 1: the most difficult issues because of the very odious nature

551
00:28:54,520 --> 00:28:57,080
Speaker 1: of its regime right. I mean, you have a criminal

552
00:28:57,200 --> 00:28:59,880
Speaker 1: justice system that often engages in sheer butchery to pun

553
00:29:00,120 --> 00:29:02,800
Speaker 1: ish people with very little due process as we would

554
00:29:02,800 --> 00:29:05,800
Speaker 1: know it in the West. On the other hand, they

555
00:29:05,840 --> 00:29:08,960
Speaker 1: are the dominant country in the Arabian Peninsula, and there

556
00:29:09,000 --> 00:29:12,200
Speaker 1: are three of the major strategic show points that carry

557
00:29:12,280 --> 00:29:15,480
Speaker 1: oil and natural gas from the Persian Gulf to China

558
00:29:15,640 --> 00:29:18,959
Speaker 1: to Japan to South Korea to Taiwan to India to Europe,

559
00:29:19,760 --> 00:29:22,920
Speaker 1: through Yemen and the Red Sea through Egypt, Suez Canal,

560
00:29:23,560 --> 00:29:27,000
Speaker 1: and if the Saudi Arabian government is ever destabilized, then

561
00:29:27,080 --> 00:29:30,760
Speaker 1: you may have a global depression because of the complete

562
00:29:30,800 --> 00:29:33,960
Speaker 1: cutoff of major oil supplies to Asian and European markets.

563
00:29:34,480 --> 00:29:38,480
Speaker 1: So we have this very difficult balance between geostrategic interests

564
00:29:38,480 --> 00:29:43,680
Speaker 1: in the Arabian peninsula. Let along working with Saudi Arabia, UAE, Jordan, Egypt,

565
00:29:43,760 --> 00:29:47,840
Speaker 1: and Israel to contain Iranian regional aggression in the Middle East,

566
00:29:48,200 --> 00:29:51,240
Speaker 1: but also to ensure the free and open flow of

567
00:29:51,640 --> 00:29:56,400
Speaker 1: fossil fuels petrochemicals to major global markets in terms I'm

568
00:29:56,400 --> 00:29:59,360
Speaker 1: reading from the Bloomberg terminal. Now, a Saudi court sentenced

569
00:29:59,400 --> 00:30:02,000
Speaker 1: five people to death for the murder of government critic

570
00:30:02,120 --> 00:30:06,080
Speaker 1: Jamal ka Shogi, but ruled that last year's assassination wasn't

571
00:30:06,120 --> 00:30:09,240
Speaker 1: premeditated and said it didn't have enough evidence to incriminate

572
00:30:09,360 --> 00:30:13,800
Speaker 1: two top officials close to Crown Prince Mohammed and Salmon. Meanwhile,

573
00:30:14,000 --> 00:30:18,960
Speaker 1: remember that US lawmakers and CIA analysts concluded that it

574
00:30:19,040 --> 00:30:21,160
Speaker 1: could not have taken place, that the killing could not

575
00:30:21,240 --> 00:30:25,800
Speaker 1: have taken place without MBS knowledge. So some more developments

576
00:30:25,840 --> 00:30:28,840
Speaker 1: on that front. The Saudi's not h incriminating two of

577
00:30:28,920 --> 00:30:32,160
Speaker 1: the top officials closest to the Saudi Crown Prince. All right,

578
00:30:32,200 --> 00:30:34,080
Speaker 1: now it's time for what's on the panel's radar. Adam

579
00:30:34,080 --> 00:30:35,960
Speaker 1: will start with you what's on your radar? But sure

580
00:30:36,080 --> 00:30:39,280
Speaker 1: I'll go from very global to very local. Yes, South Bend, Indiana.

581
00:30:39,960 --> 00:30:42,600
Speaker 1: So it's well the judge well known that Mayor Pete

582
00:30:42,680 --> 00:30:46,040
Speaker 1: is doing fairly well in Iowa, less well in South Carolina,

583
00:30:46,240 --> 00:30:49,320
Speaker 1: especially with black voters. There was a media call by

584
00:30:49,480 --> 00:30:52,560
Speaker 1: Black Lives Matter Southband last week where they talked about

585
00:30:52,680 --> 00:30:55,080
Speaker 1: basically what amount to a few taking time bombs that

586
00:30:55,160 --> 00:30:58,240
Speaker 1: will go off in on racial issues in South Band

587
00:30:58,280 --> 00:31:01,000
Speaker 1: that would directly hurt the electability of need democratic nominee

588
00:31:01,320 --> 00:31:03,760
Speaker 1: if they went a certain way. One of which is

589
00:31:04,320 --> 00:31:08,360
Speaker 1: there is a federal civil rights case brought by the

590
00:31:08,400 --> 00:31:10,280
Speaker 1: family of Eric Logan, who was shot right before the

591
00:31:10,320 --> 00:31:13,240
Speaker 1: first presidential debate this year, UM pretty much saying that

592
00:31:13,320 --> 00:31:15,680
Speaker 1: there's systemic racism in the South been police resulting in that.

593
00:31:16,040 --> 00:31:18,320
Speaker 1: And there's also a special prosecutor who has been appointed

594
00:31:18,600 --> 00:31:21,640
Speaker 1: to fact find and figure out what happened there. Both

595
00:31:21,680 --> 00:31:25,440
Speaker 1: of those are about to go public, and there's a

596
00:31:25,520 --> 00:31:27,960
Speaker 1: third ticking time bomb, which is the city council has

597
00:31:28,000 --> 00:31:30,480
Speaker 1: sued the mayor and the police department for some secret

598
00:31:30,760 --> 00:31:33,720
Speaker 1: tapes of people conspiring to have the first ever black

599
00:31:34,080 --> 00:31:36,600
Speaker 1: police chief fired. And part of apparently what's on those

600
00:31:36,600 --> 00:31:38,680
Speaker 1: tapes is people saying, hey, let's go to Pete's donors

601
00:31:39,080 --> 00:31:40,880
Speaker 1: and ask him to find the black police chief, which

602
00:31:40,880 --> 00:31:43,040
Speaker 1: eventually did. So that's just gonna come out right before

603
00:31:43,040 --> 00:31:45,720
Speaker 1: the Democratic Convention. I'm looking to see if the media

604
00:31:45,760 --> 00:31:50,200
Speaker 1: actually covered these things, because for any scared Democratic voter

605
00:31:50,320 --> 00:31:53,720
Speaker 1: who cares about electability, what could help Donald Trump more

606
00:31:53,880 --> 00:31:56,200
Speaker 1: suppressed the black vote than these things coming out? Right,

607
00:31:58,080 --> 00:32:00,320
Speaker 1: that's a radar. Its a good preview you of the

608
00:32:00,400 --> 00:32:04,560
Speaker 1: politics and the playbook of the appo that will come out.

609
00:32:05,240 --> 00:32:08,200
Speaker 1: All right, I'm good one, Uh, John, what's und ridar?

610
00:32:09,160 --> 00:32:12,960
Speaker 1: Several potential scenarios on the global stage, Kevin. One, of course,

611
00:32:13,040 --> 00:32:15,000
Speaker 1: in the days ahead, we're looking to see if there's

612
00:32:15,000 --> 00:32:18,080
Speaker 1: going to be a quote unquote Christmas surprise coming from Pyongyang.

613
00:32:18,640 --> 00:32:22,120
Speaker 1: If John is really you know not that doesn't I

614
00:32:22,160 --> 00:32:25,120
Speaker 1: guess he doesn't have miss go ahead. Well, if there's

615
00:32:25,160 --> 00:32:28,240
Speaker 1: anything along the lines of an i CBM or related

616
00:32:28,320 --> 00:32:31,720
Speaker 1: nuclear missile launch, I think it can trigger I wouldn't

617
00:32:31,760 --> 00:32:34,480
Speaker 1: say fire and fury, as President Trump had warned a

618
00:32:34,560 --> 00:32:36,040
Speaker 1: year and a half or so ago, but it could

619
00:32:36,040 --> 00:32:39,520
Speaker 1: trigger secondary sanctions that could affect major Chinese businesses and

620
00:32:39,600 --> 00:32:42,680
Speaker 1: Russian businesses that have been involved in propping up the

621
00:32:42,840 --> 00:32:45,200
Speaker 1: North Korean regime over the last several years. What is

622
00:32:45,240 --> 00:32:49,800
Speaker 1: it like, n of of outflow and flow in in

623
00:32:50,000 --> 00:32:52,760
Speaker 1: North Korea comes from China, absolutely to China, and that

624
00:32:52,800 --> 00:32:55,920
Speaker 1: could of course affect the success of the Phase two talks.

625
00:32:56,000 --> 00:32:58,880
Speaker 1: Me once Phase one is actually agreed to, that agreement

626
00:32:58,960 --> 00:33:00,800
Speaker 1: has not been executed, so I want to put everyone

627
00:33:00,800 --> 00:33:03,200
Speaker 1: on notice. There's been a lot of talk, but until

628
00:33:03,280 --> 00:33:06,240
Speaker 1: the two sides actually agree on a translated on two

629
00:33:06,320 --> 00:33:08,800
Speaker 1: translated versions that both sides going to agree to, we

630
00:33:08,880 --> 00:33:10,960
Speaker 1: don't have a formal agreement in place yet, but it's

631
00:33:10,960 --> 00:33:14,200
Speaker 1: there in principle. But if we have secondary sanctions imposed

632
00:33:14,200 --> 00:33:17,280
Speaker 1: by the Trump administration in response for a North Korean

633
00:33:17,440 --> 00:33:21,760
Speaker 1: violation of the understanding between President Trump and Chairman Kim,

634
00:33:22,320 --> 00:33:24,520
Speaker 1: then you could see a delatarious impact in the Phase

635
00:33:24,600 --> 00:33:28,840
Speaker 1: two talks. Throughout this interesting talk of war of you know,

636
00:33:29,000 --> 00:33:31,680
Speaker 1: does the RAN see leverage of talks with North Korea

637
00:33:31,880 --> 00:33:34,800
Speaker 1: go wrong and whatnot. And Bill Ferries, by the way,

638
00:33:35,360 --> 00:33:37,640
Speaker 1: who's our who's our national security team leader here in

639
00:33:37,680 --> 00:33:39,959
Speaker 1: the bureau? You know. He pointed out to me earlier

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Speaker 1: today on Bloomberg Television that Uh Kim Jong is going

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00:33:43,440 --> 00:33:46,280
Speaker 1: to give this talk on January one that everybody analyzes.

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00:33:46,320 --> 00:33:48,440
Speaker 1: But we've got this, I guess Christmas gift that's coming,

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00:33:49,000 --> 00:33:52,280
Speaker 1: so we'll keep careful perhaps perhaps, but let's also keep

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00:33:52,320 --> 00:33:53,800
Speaker 1: in mind what's going to be happening in the Ran.

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00:33:55,040 --> 00:33:57,920
Speaker 1: We don't know whether or not the Supreme Leader, Ayatollah

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Speaker 1: Ali Kameni, will actually survive. He's eighty years old, he's

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00:34:01,680 --> 00:34:03,480
Speaker 1: been in very poor health for a number of years,

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00:34:03,840 --> 00:34:06,880
Speaker 1: and there's no smooth succession plan in place. And Iran

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00:34:06,960 --> 00:34:10,239
Speaker 1: has already been rocked by thousands of protests throughout the

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00:34:10,320 --> 00:34:12,799
Speaker 1: country over the last year or so. So you may

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00:34:12,880 --> 00:34:17,400
Speaker 1: have significant destabilization of the political regime in Tehran with

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00:34:17,560 --> 00:34:20,319
Speaker 1: significant impact throughout the Middle East. It's a really good one.

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Speaker 1: What's on my radar US China trade talks, President shi

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00:34:24,400 --> 00:34:27,600
Speaker 1: Jing Ping saying that they're going to slice some tariffs

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00:34:27,680 --> 00:34:30,680
Speaker 1: on eight more than eight hundred and fifty products on

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00:34:30,800 --> 00:34:34,480
Speaker 1: January one the China's Finance Ministry saying that they're going

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00:34:34,520 --> 00:34:36,040
Speaker 1: to lower some of the tariffs. So it's some more

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00:34:36,120 --> 00:34:39,799
Speaker 1: positive positive action coming out of Beijing on the US

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00:34:39,800 --> 00:34:42,200
Speaker 1: trying to trade front. Remember President Trump is very optimistic

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00:34:42,280 --> 00:34:45,160
Speaker 1: on Friday about the status of that, So US trying

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00:34:45,200 --> 00:34:48,680
Speaker 1: to trade talks still trending positively on that front. Alright, quickly,

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Speaker 1: is your holiday shopping done, Adam? Yes? Or no? No?

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Speaker 1: Is your holiday shopping done? I don't shop, John, Where

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Speaker 1: do you get My wife is doing all that? Did

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00:34:57,120 --> 00:34:59,799
Speaker 1: you get your wife's gift? John? It's coming all right, John.

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00:34:59,840 --> 00:35:02,279
Speaker 1: I mean, if she's listening, you know, you know, I

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00:35:02,320 --> 00:35:04,600
Speaker 1: think you're going to see her for dinner. I mean

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00:35:05,280 --> 00:35:07,360
Speaker 1: love in trouble. I love her very much and she

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Speaker 1: knows that much. The first time on the show. You

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Speaker 1: gotta come back, But I hope I didn't get in

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Speaker 1: trouble with your wife. Happy holidays, everybody. I'll be back

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Speaker 1: on Thursday. I'm Kevin Surreally you're listening to Blueberg