1 00:00:00,600 --> 00:00:03,360 Speaker 1: Live from our Nations. This budget thing is going to 2 00:00:03,440 --> 00:00:06,200 Speaker 1: do nothing space Forces. I still think it's interesting President 3 00:00:06,200 --> 00:00:09,879 Speaker 1: Trump not playing his cards yet headlines Policy and Politics 4 00:00:09,920 --> 00:00:14,680 Speaker 1: colliding sound on with Kevin's really the insiders, the influencers, 5 00:00:14,840 --> 00:00:17,640 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,680 --> 00:00:20,560 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,640 --> 00:00:22,959 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,960 --> 00:00:26,279 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:26,320 --> 00:00:27,840 Speaker 1: what people send him here to do, which is to 10 00:00:27,880 --> 00:00:31,840 Speaker 1: get it done. He's sound on with Kevin's Really on 11 00:00:31,960 --> 00:00:35,560 Speaker 1: Bloomberg one and one oh five seven f m h 12 00:00:35,680 --> 00:00:41,680 Speaker 1: D two Baltimore. Decision time for how Speaker Nancy Pelosi. 13 00:00:42,360 --> 00:00:47,519 Speaker 1: She says President Trump can be held accountable without impeachment, 14 00:00:47,600 --> 00:00:51,279 Speaker 1: but is that going to be enough for new progressives 15 00:00:51,720 --> 00:00:54,840 Speaker 1: in the in the Democratic Conference plus Hermit Kane he's 16 00:00:54,880 --> 00:00:58,640 Speaker 1: out at the FED and meanwhile Stephen Moore facing new 17 00:00:58,720 --> 00:01:03,120 Speaker 1: scrutiny President Ump dropping the plan to put Herman Kine 18 00:01:03,200 --> 00:01:07,640 Speaker 1: on the fedboard. And another exclusive interview with Brian Hook, 19 00:01:07,720 --> 00:01:11,720 Speaker 1: a senior advisor to Secretary of State Mike Pompeo. This 20 00:01:11,840 --> 00:01:16,880 Speaker 1: after the administration announces no waivers. No more waivers for 21 00:01:17,080 --> 00:01:20,800 Speaker 1: Iran or countries raising the stakes in the United States 22 00:01:20,800 --> 00:01:24,039 Speaker 1: to show down with Iran what that means for the 23 00:01:24,080 --> 00:01:26,520 Speaker 1: oil market. Coming up, we have an all star panel. 24 00:01:26,600 --> 00:01:30,440 Speaker 1: Joe Crawley, senior policy advisor at Squire, Patton and Boggs, 25 00:01:30,440 --> 00:01:33,679 Speaker 1: a former congressman Democrat from New York and the former 26 00:01:33,800 --> 00:01:36,880 Speaker 1: chairman of the House Democratic Caucus. What are his buddy 27 00:01:36,959 --> 00:01:39,600 Speaker 1: saying about whether or not to impeach President Trump? And 28 00:01:39,640 --> 00:01:42,679 Speaker 1: Sarah Kim front of the program, Republican strategist and former 29 00:01:43,040 --> 00:01:46,920 Speaker 1: senior advisor and the Trump administration. And she's also a 30 00:01:46,920 --> 00:01:52,280 Speaker 1: former healthcare counsel on the House Oversight and Government Reform Committee. 31 00:01:52,480 --> 00:01:55,279 Speaker 1: But before we get to all of that, Nancy busy, 32 00:01:55,280 --> 00:01:57,680 Speaker 1: busy newsday, catch us up to speed. Yeah. On top 33 00:01:57,720 --> 00:02:00,400 Speaker 1: of that, we're receiving word an earthquake is an area 34 00:02:00,440 --> 00:02:03,800 Speaker 1: near Mexico City, causing tall buildings there to sway. People 35 00:02:03,800 --> 00:02:07,640 Speaker 1: have evacuated their offices, the initial magnitudes being reported at 36 00:02:07,720 --> 00:02:11,440 Speaker 1: five point four. No word on any damages or injuries. 37 00:02:11,560 --> 00:02:15,320 Speaker 1: Yet the Trump administration is not renewing those waivers that 38 00:02:15,400 --> 00:02:18,840 Speaker 1: let Japan, China, and India, among others by Iranian oil 39 00:02:18,880 --> 00:02:22,240 Speaker 1: without facing US sanctions. Bloomberg served Chapman as more from 40 00:02:22,240 --> 00:02:25,960 Speaker 1: the White House. The waivers expired next week. Secretary of 41 00:02:25,960 --> 00:02:29,280 Speaker 1: State Mike Pompeo said the US oil squeeze had already 42 00:02:29,280 --> 00:02:33,000 Speaker 1: cost around ten billion dollars of its annual fifty billion 43 00:02:33,120 --> 00:02:35,840 Speaker 1: in oil revenue. Our goal has been to get countries 44 00:02:35,880 --> 00:02:39,360 Speaker 1: to see supporting Iranian oil entirely. We will no longer 45 00:02:39,400 --> 00:02:43,280 Speaker 1: grant any exemptions. We're going to zero, going to zero 46 00:02:43,320 --> 00:02:46,240 Speaker 1: across the board, and we've been working with major oil 47 00:02:46,240 --> 00:02:48,840 Speaker 1: producing countries to ensure the market has sufficient volume to 48 00:02:48,840 --> 00:02:52,680 Speaker 1: minimize the impact on pricing. Po was referring to Saudi 49 00:02:52,720 --> 00:02:56,240 Speaker 1: Arabia and the United Arab Emirates. President Trump talked with 50 00:02:56,280 --> 00:02:59,320 Speaker 1: the crown princes of both before making the move at 51 00:02:59,320 --> 00:03:02,440 Speaker 1: the White House of Chapman Bloomberg Radio. President Trump says 52 00:03:02,480 --> 00:03:04,920 Speaker 1: he will not nominate Herman Kane for a seat on 53 00:03:04,919 --> 00:03:08,480 Speaker 1: the Federal Reserve Board. This after opposition from his own 54 00:03:08,520 --> 00:03:12,079 Speaker 1: Republican party appeared to sink the former pizza company executive's 55 00:03:12,080 --> 00:03:15,720 Speaker 1: hopes for Senate confirmation. In a tweet, Trump called Kane 56 00:03:15,720 --> 00:03:18,480 Speaker 1: a wonderful man who asked not to be nominated, and 57 00:03:18,480 --> 00:03:22,560 Speaker 1: Trump says he's respecting his wishes. Earlier today, the President 58 00:03:22,600 --> 00:03:24,800 Speaker 1: and the First Lady kicked off the annual White House 59 00:03:24,800 --> 00:03:29,320 Speaker 1: Easter egg roll. It is a tradition that dates back 60 00:03:29,360 --> 00:03:33,040 Speaker 1: to eighty eight. I love them. I know they like 61 00:03:33,160 --> 00:03:37,840 Speaker 1: me too. It's the egg farmers of this country, the 62 00:03:37,880 --> 00:03:41,640 Speaker 1: egg farmers. President Rutherford B. Hayes was the first president 63 00:03:41,680 --> 00:03:44,120 Speaker 1: to invite kids to the White House to roll their eggs, 64 00:03:44,480 --> 00:03:47,400 Speaker 1: sparing the grass on the Capitol grounds. This year's event 65 00:03:47,440 --> 00:03:50,200 Speaker 1: was estimated to bring in thirty thousand adults and kids. 66 00:03:50,800 --> 00:03:53,080 Speaker 1: We'll Changes to ethics laws could soon be coming to 67 00:03:53,080 --> 00:03:56,360 Speaker 1: Baltimore's city officials deal with the fallout from the mayor's scandal. 68 00:03:56,400 --> 00:04:00,480 Speaker 1: Bloomberg's Martin D. Kara reports because Mayor Catherine Hughesed children's 69 00:04:00,480 --> 00:04:04,520 Speaker 1: book deal exposed holes and transparency laws, Baltimore City Council 70 00:04:04,520 --> 00:04:08,720 Speaker 1: members will consider tightening financial oversight and disclosure requirements and 71 00:04:08,840 --> 00:04:12,600 Speaker 1: protecting whistle blowers. The Baltimore Sun reports the measures are 72 00:04:12,640 --> 00:04:15,520 Speaker 1: being drafted before the mayor's troubles the now take on 73 00:04:15,640 --> 00:04:19,200 Speaker 1: added urgency at its meeting tonight. The city council will 74 00:04:19,240 --> 00:04:22,120 Speaker 1: also wag legislation limiting the power of the mayor and 75 00:04:22,160 --> 00:04:25,440 Speaker 1: creating a new way to ousta sitting mayor. Martin DeCaro 76 00:04:25,520 --> 00:04:28,680 Speaker 1: Bloomberg one oh five point seven h D two. The 77 00:04:28,720 --> 00:04:32,200 Speaker 1: Washington Capitals are hoping to eliminate the Carolina Hurricanes tonight 78 00:04:32,240 --> 00:04:34,839 Speaker 1: in Game six of their playoffs series. The Caps have 79 00:04:34,880 --> 00:04:36,960 Speaker 1: a three to two edge right now. They shut out 80 00:04:37,000 --> 00:04:40,320 Speaker 1: the Hurricane Saturday six nothing. If the Caps win tonight, 81 00:04:40,400 --> 00:04:42,720 Speaker 1: they will move on to play the New York Islanders, 82 00:04:42,800 --> 00:04:46,560 Speaker 1: led by former Caps coach Barry Trot's. Well, it is 83 00:04:46,600 --> 00:04:49,040 Speaker 1: time now for the Beltway business Report. Here is Bloomberg's 84 00:04:49,080 --> 00:04:52,080 Speaker 1: Larry Kowski, Well Nancy. The stock market began the week 85 00:04:52,080 --> 00:04:55,320 Speaker 1: with a lackluster session. The Dow Jones Industrial average lost 86 00:04:55,400 --> 00:04:58,279 Speaker 1: forty b s and P five hundred game two points. 87 00:04:58,320 --> 00:05:01,960 Speaker 1: Then as dock Composite rose seve and teen Worldpool sharply 88 00:05:02,040 --> 00:05:05,520 Speaker 1: higher in late trading. First quarter earnings beat estimates despite 89 00:05:05,560 --> 00:05:09,440 Speaker 1: lower revenue. Its full year forecast also was better than expected. 90 00:05:09,480 --> 00:05:14,000 Speaker 1: Whirlpool was had warned after the fourth quarter that would 91 00:05:14,000 --> 00:05:17,400 Speaker 1: not be as strong as last year. Wagman's is reducing 92 00:05:17,400 --> 00:05:20,040 Speaker 1: its use of plastic bags, straws, and other items that 93 00:05:20,120 --> 00:05:23,560 Speaker 1: its stores in Maryland, Virginia and elsewhere as it eliminates 94 00:05:23,560 --> 00:05:26,280 Speaker 1: it's use of plastic bags entirely in New York State 95 00:05:26,360 --> 00:05:28,880 Speaker 1: by the end of this year. That's three months before 96 00:05:29,000 --> 00:05:32,919 Speaker 1: New York's ban on plastic bags takes effect. Oil climbed 97 00:05:32,920 --> 00:05:36,480 Speaker 1: two point six percent, nearing sixty sixty six dollars a 98 00:05:36,560 --> 00:05:39,240 Speaker 1: barrel after the White House said it won't renew waivers 99 00:05:39,279 --> 00:05:42,440 Speaker 1: that lets certain countries buy irany and oil without facing 100 00:05:42,520 --> 00:05:46,360 Speaker 1: US sanctions. Crewed finished sixty five dollars and seventy cents 101 00:05:46,440 --> 00:05:49,800 Speaker 1: up a dollar seventy. The Bloomberg one Washington d C. 102 00:05:50,000 --> 00:05:53,039 Speaker 1: Area Stock Index ended little change in Europe to date. 103 00:05:53,080 --> 00:05:56,200 Speaker 1: On business from the Beltway to Baltimore. I'm Larry Kowsky. 104 00:05:56,680 --> 00:05:59,040 Speaker 1: This is Bloomberg N one and one oh five point 105 00:05:59,080 --> 00:06:02,640 Speaker 1: seven f m E. Thanks Larry. Global News twenty four 106 00:06:02,640 --> 00:06:05,080 Speaker 1: hours a day on air and at TikTok on Twitter, 107 00:06:05,400 --> 00:06:08,560 Speaker 1: powered by more than journalists and analyst and more than 108 00:06:09,040 --> 00:06:12,280 Speaker 1: twenty countries. I'm Nancy Lions back to you, Kevin, Thank you, Ncy. 109 00:06:12,320 --> 00:06:15,520 Speaker 1: Did you have a good holiday? Loved it? It was beautiful. 110 00:06:15,560 --> 00:06:17,960 Speaker 1: I was in Baltimore weather, beautiful weather. I was in 111 00:06:18,000 --> 00:06:22,400 Speaker 1: Baltimore with my sister. She hosted everybody, absolute perfect day 112 00:06:22,440 --> 00:06:24,320 Speaker 1: for it. And now we're back at work. And what 113 00:06:24,400 --> 00:06:27,320 Speaker 1: a busy Monday that it was Speaker of the House 114 00:06:27,400 --> 00:06:31,599 Speaker 1: Nancy Pelosi pushing back on Democrats this afternoon who have 115 00:06:31,720 --> 00:06:37,680 Speaker 1: called for impeachment of President Trump even after the Mueller Report. Now, 116 00:06:37,720 --> 00:06:41,200 Speaker 1: all of this was really kickstarted into high gear by 117 00:06:41,240 --> 00:06:46,040 Speaker 1: Democratic presidential candidate Elizabeth Warren. She's a senator from Massachusetts. 118 00:06:46,040 --> 00:06:49,080 Speaker 1: She has been the first out really in the crowded 119 00:06:49,120 --> 00:06:54,960 Speaker 1: Democratic field to call for President Trump's impeachment. Meanwhile, headlines 120 00:06:55,279 --> 00:06:59,159 Speaker 1: crossing the Bloomberg terminal as we speak, breaking news, uh, 121 00:06:59,360 --> 00:07:04,039 Speaker 1: Jerry Nadler, Chairman Jerry Nabler, Democrat from New York issuing 122 00:07:04,080 --> 00:07:09,520 Speaker 1: subpoenas for former White House Council Don McGann. So here 123 00:07:09,520 --> 00:07:12,400 Speaker 1: we go, folks, it's just getting started. The headlines are 124 00:07:12,440 --> 00:07:15,560 Speaker 1: still continuing as a result of that more than four 125 00:07:15,640 --> 00:07:19,120 Speaker 1: hundred page Mueller report. But Speaker of the House Nancy 126 00:07:19,160 --> 00:07:24,640 Speaker 1: Pelosi writing a dear colleague letter, uh, and in which 127 00:07:24,760 --> 00:07:28,560 Speaker 1: this that was released on Monday, and it came before 128 00:07:28,720 --> 00:07:32,720 Speaker 1: the conference call with House Democrats, and she says in 129 00:07:32,760 --> 00:07:37,200 Speaker 1: this letter quote, while our views range from proceeding to 130 00:07:37,320 --> 00:07:41,840 Speaker 1: investigate the findings of the Mueller Report, or proceeding directly 131 00:07:41,960 --> 00:07:47,080 Speaker 1: to impeachment. We all firmly agree that we should proceed 132 00:07:47,160 --> 00:07:50,560 Speaker 1: down a path of finding the truth. Joe Crowley is 133 00:07:50,600 --> 00:07:53,960 Speaker 1: a senior policy advisor at Squire, Patton and Bogg's, former 134 00:07:54,000 --> 00:07:57,960 Speaker 1: congressman Democrat from New York, and Sarah Kim is a 135 00:07:58,000 --> 00:08:02,240 Speaker 1: Republican strategist on the former senior advisor in the Trump administration, 136 00:08:02,280 --> 00:08:04,840 Speaker 1: as well as counsel for the Republican Light at the 137 00:08:04,840 --> 00:08:09,520 Speaker 1: time House Oversight and Government Reform Committee. Alright, Joe, first 138 00:08:09,520 --> 00:08:11,520 Speaker 1: of all, great to have you here in studio. Thanks you. 139 00:08:11,760 --> 00:08:15,880 Speaker 1: We're gonna talk trade coming up. But I mean, there's 140 00:08:15,920 --> 00:08:18,720 Speaker 1: such a divide right now in the Democratic Party for 141 00:08:18,840 --> 00:08:23,760 Speaker 1: how to respond to the Mueller Report. How should they respond? 142 00:08:24,040 --> 00:08:26,760 Speaker 1: I don't know as much as a divide in the 143 00:08:26,800 --> 00:08:29,640 Speaker 1: caucus as much as there are many options, UH to 144 00:08:29,720 --> 00:08:32,360 Speaker 1: respond to this. And I think what the Speaker has 145 00:08:32,400 --> 00:08:37,960 Speaker 1: said is they want the full, unredacted report delivered to Congress. UH, 146 00:08:38,000 --> 00:08:41,120 Speaker 1: and those who have the clearance to review that report 147 00:08:41,760 --> 00:08:44,960 Speaker 1: UH should have that access to them. And then UH, 148 00:08:45,480 --> 00:08:47,839 Speaker 1: let's just faull what what they may I think you know, 149 00:08:48,480 --> 00:08:50,079 Speaker 1: she has said she is not a fan of the 150 00:08:50,120 --> 00:08:53,880 Speaker 1: impeachment process. Um, she believes in democracy. She believes that 151 00:08:54,240 --> 00:08:57,080 Speaker 1: elections and I don't pretend to speak Financy Poloso, let 152 00:08:57,120 --> 00:08:59,360 Speaker 1: me make that clear, but I do believe but he 153 00:08:59,360 --> 00:09:02,959 Speaker 1: speaks for But I do believe that she believes that 154 00:09:03,040 --> 00:09:06,960 Speaker 1: elections have consequences, that the American people own this uh, 155 00:09:07,080 --> 00:09:10,120 Speaker 1: and that the opportunity really to hold him accountable is 156 00:09:10,280 --> 00:09:13,000 Speaker 1: every four years, we have an opportunity to do that, Sarah. 157 00:09:13,040 --> 00:09:15,280 Speaker 1: I mean when I when I talked to to supporters 158 00:09:15,440 --> 00:09:17,920 Speaker 1: of President Trump, advisors to the president, they say in 159 00:09:18,040 --> 00:09:21,079 Speaker 1: a weird way that privately, they're not saying this on 160 00:09:21,120 --> 00:09:25,160 Speaker 1: the record, that if the Democrats were to impeach the president, 161 00:09:25,520 --> 00:09:28,720 Speaker 1: begin impeachment proceedings, First of all, no chance in the Senate. 162 00:09:28,880 --> 00:09:31,839 Speaker 1: I mean, even Senator Romney's criticisms were not saying that 163 00:09:31,880 --> 00:09:34,360 Speaker 1: the president should be removed from office. And he's really 164 00:09:34,760 --> 00:09:36,880 Speaker 1: kind of the only Republican that has emerged as being 165 00:09:37,000 --> 00:09:39,800 Speaker 1: critical in an office. There's been a couple of others, 166 00:09:40,240 --> 00:09:43,400 Speaker 1: but essentially it would be more than a year long. 167 00:09:44,520 --> 00:09:48,400 Speaker 1: So I mean, are you secretly hoping that impeachment proceedings 168 00:09:48,440 --> 00:09:52,280 Speaker 1: serry begin in the House of Representatives. Absolutely, and this 169 00:09:52,520 --> 00:09:55,200 Speaker 1: is why I mean, this is why I truly admire 170 00:09:55,280 --> 00:09:58,080 Speaker 1: Speaker Pelosi as a young woman and what she has done, 171 00:09:58,160 --> 00:10:00,559 Speaker 1: because she sees that this is a differ prints between 172 00:10:00,600 --> 00:10:03,760 Speaker 1: style and substance. The substances the Muller Report, which said 173 00:10:03,760 --> 00:10:07,840 Speaker 1: President Trump did not colude, did not criminally interfere. Now 174 00:10:07,920 --> 00:10:10,720 Speaker 1: the style is they want to get rid of Trump 175 00:10:10,800 --> 00:10:13,440 Speaker 1: from office. You can either do that in eighteen months 176 00:10:13,480 --> 00:10:16,439 Speaker 1: through an election, or you can suck up the oxygen 177 00:10:16,720 --> 00:10:20,040 Speaker 1: and in fact create some empathy for a president that 178 00:10:20,200 --> 00:10:23,079 Speaker 1: no one feels sorry for, you know. And so if 179 00:10:23,160 --> 00:10:26,280 Speaker 1: you go against Trump in his character or if you 180 00:10:26,400 --> 00:10:29,080 Speaker 1: make these type of tertiary arguments, it takes away from 181 00:10:29,120 --> 00:10:32,319 Speaker 1: the policy. And the Democrats can't beat Trump when he 182 00:10:32,679 --> 00:10:35,319 Speaker 1: sucks you into a character debate. See, I was struck 183 00:10:35,360 --> 00:10:37,480 Speaker 1: by this, and Tom Keene and I were talking about 184 00:10:37,520 --> 00:10:41,000 Speaker 1: this earlier on Bloomberg Surveillance on Bloomberg Television earlier this morning, 185 00:10:41,080 --> 00:10:44,000 Speaker 1: which was when when you go through the Foe Report, 186 00:10:44,040 --> 00:10:49,040 Speaker 1: there actually are some areas of nonpartisan national security consensus, 187 00:10:49,120 --> 00:10:54,120 Speaker 1: most notably how social media platforms were utilized to as 188 00:10:54,160 --> 00:10:57,040 Speaker 1: a form of Russian propaganda and that even cryptocurrency. And 189 00:10:57,080 --> 00:10:59,640 Speaker 1: I was struck by this, especially as as we look 190 00:10:59,720 --> 00:11:04,040 Speaker 1: into more and more of cryptocurrency regulatory matters and how 191 00:11:04,120 --> 00:11:07,959 Speaker 1: cryptocurrency in particular was really the basis of some of 192 00:11:08,040 --> 00:11:11,400 Speaker 1: these fundings. So, Joe, my question back to you then becomes, 193 00:11:12,400 --> 00:11:14,959 Speaker 1: is it why is their Democrats to to go into this, 194 00:11:15,559 --> 00:11:19,960 Speaker 1: you know, barrage of uh you know, impeach, don't impeach? 195 00:11:20,559 --> 00:11:24,600 Speaker 1: Or where is the nonpartisan consensus. Why isn't President Trump, 196 00:11:24,960 --> 00:11:27,079 Speaker 1: you know, working across the island in a sense to 197 00:11:27,160 --> 00:11:29,760 Speaker 1: better protect the US from from this having to happen again. 198 00:11:29,800 --> 00:11:32,719 Speaker 1: And why aren't Democrats waiving not an olive branch, but 199 00:11:32,840 --> 00:11:35,480 Speaker 1: saying hey, let's better protect ourselves our social media platforms 200 00:11:35,520 --> 00:11:38,199 Speaker 1: from cryptocurrency. I think the keyword here is the truth. 201 00:11:38,679 --> 00:11:42,600 Speaker 1: Truth uh, Seeking the truth, finding out the truth. That's 202 00:11:42,600 --> 00:11:44,559 Speaker 1: not a partisan issue. That is something that we should 203 00:11:44,559 --> 00:11:47,439 Speaker 1: all strive for. I think that's what Pelosi speak of. 204 00:11:47,480 --> 00:11:51,360 Speaker 1: Pelosi has said she expects the the process to move 205 00:11:51,440 --> 00:11:54,320 Speaker 1: forward to uncover the truth, uh, and that maybe they 206 00:11:54,360 --> 00:11:56,360 Speaker 1: will be something that is embarrassing to the President of 207 00:11:56,600 --> 00:11:58,959 Speaker 1: some degree um whether or not what he did do 208 00:11:59,640 --> 00:12:02,640 Speaker 1: um made out of risen to the UH to an 209 00:12:02,679 --> 00:12:05,520 Speaker 1: appeachable offense, But it's not the behavior that we expect 210 00:12:05,559 --> 00:12:09,000 Speaker 1: from the president. Are are President United States? Well, I 211 00:12:09,080 --> 00:12:11,960 Speaker 1: have no problems with the American public. Are are elected 212 00:12:12,000 --> 00:12:14,240 Speaker 1: officials trying to find the truth? But they just spent 213 00:12:14,679 --> 00:12:17,160 Speaker 1: two and a half years and thirty million dollars advocating 214 00:12:17,240 --> 00:12:19,320 Speaker 1: that Robert Mueller would be able to find the truth. 215 00:12:19,400 --> 00:12:22,400 Speaker 1: And the truth is is espoused in this document. I 216 00:12:22,480 --> 00:12:26,679 Speaker 1: think Joe used an amazing advert which is embarrassing, embarrassment, 217 00:12:26,960 --> 00:12:29,480 Speaker 1: and I think a lot of these young freshman Democrats 218 00:12:29,520 --> 00:12:33,080 Speaker 1: as well as other members of the Democratic Caucus, are 219 00:12:33,120 --> 00:12:35,599 Speaker 1: looking to embarrass Trump. And if you try to go 220 00:12:35,760 --> 00:12:39,360 Speaker 1: after Trump on character, on these type of tertiary issues, 221 00:12:39,480 --> 00:12:42,720 Speaker 1: the Democratic Party will lose an opportunity to get rid 222 00:12:42,840 --> 00:12:45,480 Speaker 1: of Trump from the White House. They just will. I 223 00:12:45,559 --> 00:12:48,520 Speaker 1: was reading a signa meatalytical report or earlier today, and 224 00:12:48,840 --> 00:12:51,520 Speaker 1: just the timeline of an impatient proceeding would last, truthfully 225 00:12:51,600 --> 00:12:54,600 Speaker 1: about twelve to eighteen months. I mean, so which comes 226 00:12:54,720 --> 00:12:57,640 Speaker 1: right up to the presidential We're gonna talk more about 227 00:12:57,679 --> 00:13:01,280 Speaker 1: the presidential coming up. I mean, we've got we've got 228 00:13:01,360 --> 00:13:03,839 Speaker 1: to go to break. But Joe, let me ask you this. 229 00:13:04,280 --> 00:13:06,720 Speaker 1: I find it hard to believe the former Vice president 230 00:13:06,840 --> 00:13:09,439 Speaker 1: Joe Biden, the other Joe, when he gets into the 231 00:13:09,520 --> 00:13:12,800 Speaker 1: race on Wednesday, is going to be screaming calls for impeachment. 232 00:13:13,679 --> 00:13:16,199 Speaker 1: I think that with the presidential candidates should be focused 233 00:13:16,240 --> 00:13:19,120 Speaker 1: on all the issues themselves. Right now, it's about healthcare, 234 00:13:19,720 --> 00:13:24,480 Speaker 1: it is about the state of our nation and how 235 00:13:24,520 --> 00:13:27,880 Speaker 1: it's an interpreted worldwide by this presidency. I think those 236 00:13:27,920 --> 00:13:30,880 Speaker 1: are the things that are presidential democratic candid should be 237 00:13:30,880 --> 00:13:33,480 Speaker 1: focused on, and working class voters in trade policy coming up. 238 00:13:33,559 --> 00:13:36,559 Speaker 1: Much more on trade policy, including the U s m 239 00:13:36,679 --> 00:13:39,480 Speaker 1: c A. He's a former co chairman of the U 240 00:13:39,640 --> 00:13:42,760 Speaker 1: s m c A Caucus. I believe it's actually the 241 00:13:42,920 --> 00:13:45,080 Speaker 1: pass U s m c A, which I'm co chairing 242 00:13:45,160 --> 00:13:48,480 Speaker 1: with Gary Luck from Washington State. You guys probably have 243 00:13:48,679 --> 00:13:53,520 Speaker 1: very interesting dinner conversation. We're gonna get the inside take 244 00:13:53,600 --> 00:13:56,440 Speaker 1: on that front, plus much more on the developing situation 245 00:13:56,559 --> 00:13:59,760 Speaker 1: in Iran and the president's decision not to renew waivers. 246 00:13:59,840 --> 00:14:03,120 Speaker 1: My exclusive interview from Bloomberg Television with Brian Hook. He's 247 00:14:03,120 --> 00:14:07,000 Speaker 1: a senior policy advisor to Secretary of State Mike Pompeo 248 00:14:07,160 --> 00:14:10,760 Speaker 1: Panel stays. You can download the sound on podcast on 249 00:14:10,880 --> 00:14:14,959 Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the 250 00:14:15,000 --> 00:14:18,200 Speaker 1: Bloomberg Business app. You can also find us on Radio 251 00:14:18,360 --> 00:14:22,160 Speaker 1: dot com, I Heart Radio and Spotify. I'm Kevin Sirelli. 252 00:14:22,240 --> 00:14:27,240 Speaker 1: You are listening to Bloomberg One. You're listening to Sound 253 00:14:27,360 --> 00:14:31,920 Speaker 1: On with Kevin Surreally on Bloomberg and one oh five 254 00:14:32,280 --> 00:14:36,760 Speaker 1: seven f m h D two Baltimore. Breaking news headlines 255 00:14:36,840 --> 00:14:40,960 Speaker 1: crossing the Bloomberg terminal as we speak, House Panel serving 256 00:14:41,000 --> 00:14:45,400 Speaker 1: a subpoena to former White House Counsel Domagan McGan uh. 257 00:14:45,800 --> 00:14:48,960 Speaker 1: This being reported by the CNN as well as Bloomberg. 258 00:14:48,960 --> 00:14:53,440 Speaker 1: The House Judiciary Committee Chairman Jerry Nadler issuing that subpoena 259 00:14:54,280 --> 00:14:56,960 Speaker 1: this comes, of course, following last week's conclusion and the 260 00:14:57,040 --> 00:15:02,640 Speaker 1: release of the redacted media o redacted Mueller Report. How 261 00:15:02,720 --> 00:15:07,160 Speaker 1: Speaker Nancy Pelosi walking a very tight, very tight political 262 00:15:07,240 --> 00:15:10,360 Speaker 1: tightrope on a conference call with the House Democratic Caucus 263 00:15:10,520 --> 00:15:15,600 Speaker 1: earlier today. She's trying to get the impeachment talk from 264 00:15:15,640 --> 00:15:19,440 Speaker 1: a very noisy, noisy colleagues that she's got in the 265 00:15:19,520 --> 00:15:21,720 Speaker 1: House Democratic Caucus. How would you like to be a 266 00:15:21,800 --> 00:15:26,320 Speaker 1: fly on the wall in those Democratic conference lunches. Uh well, 267 00:15:26,640 --> 00:15:29,600 Speaker 1: impeachment talk, she's trying to tamper it. This as the 268 00:15:29,720 --> 00:15:34,520 Speaker 1: presidential race heats up, mark your calendar on Wednesday, chatter 269 00:15:34,680 --> 00:15:37,280 Speaker 1: really going to pick up. Vice Former Vice President Joe 270 00:15:37,320 --> 00:15:41,880 Speaker 1: Biden anticipated to make an official formally announced his presidential 271 00:15:42,000 --> 00:15:44,800 Speaker 1: run now in the past couple of days. Senator Elizabeth Warren, 272 00:15:44,880 --> 00:15:49,960 Speaker 1: a Democrat from Massachusetts, Democratic presidential candidate. Now she's calling 273 00:15:50,040 --> 00:15:54,440 Speaker 1: on the president to be impeached. So what's next in 274 00:15:54,520 --> 00:15:58,320 Speaker 1: terms of the Mueller Report and investigations and findings. Likely 275 00:15:58,440 --> 00:16:01,520 Speaker 1: we're gonna hear from Bob Mueller should he finally agree 276 00:16:01,560 --> 00:16:05,800 Speaker 1: to testify publicly before members of Congress. Republicans backing that 277 00:16:06,120 --> 00:16:08,720 Speaker 1: everybody wants to hear from Bob Mueller. Everybody wants to 278 00:16:08,800 --> 00:16:12,680 Speaker 1: hear from Bob Mueller when that becomes official. If that 279 00:16:12,800 --> 00:16:15,080 Speaker 1: becomes official, we will bring that to you as soon 280 00:16:15,160 --> 00:16:18,320 Speaker 1: as that happens, But still no word on a scheduling 281 00:16:18,360 --> 00:16:20,800 Speaker 1: of that. Attorney General William Barr he's going to testify 282 00:16:20,880 --> 00:16:25,280 Speaker 1: before Congress on May second. But a lot of other 283 00:16:25,440 --> 00:16:31,280 Speaker 1: policy that we're talking about, including the reratification of usm 284 00:16:31,360 --> 00:16:36,320 Speaker 1: c A as well as Asia trade talks. Mind you, 285 00:16:37,080 --> 00:16:40,520 Speaker 1: Japanese Prime Minister shinzo Abe is going to be in Washington. 286 00:16:40,600 --> 00:16:44,920 Speaker 1: Schedule to be in Washington on Friday. Joe Crowley is 287 00:16:44,960 --> 00:16:48,040 Speaker 1: senior policy advisor at Squire Patton Boggs. He's a former 288 00:16:48,360 --> 00:16:51,680 Speaker 1: Congressman Democrat from New York. He's also, of course, the 289 00:16:51,760 --> 00:16:55,560 Speaker 1: former chairman of the House Democratic Caucus. He served on 290 00:16:55,640 --> 00:16:58,400 Speaker 1: the Ways and Means Committee, Financial Services, and Foreign Affairs. 291 00:16:59,000 --> 00:17:01,480 Speaker 1: Sarah Kim a republic A strategist, friend of the Program 292 00:17:01,560 --> 00:17:05,359 Speaker 1: and former senior advisor and the Trump administration. She also 293 00:17:05,520 --> 00:17:10,520 Speaker 1: worked on the Republican controlled House Oversight and Government Reform Committee. Joe, 294 00:17:10,600 --> 00:17:13,720 Speaker 1: I know that you are doing this new type of 295 00:17:14,400 --> 00:17:17,359 Speaker 1: yet U s m c A ratified coalition, But I 296 00:17:17,520 --> 00:17:20,480 Speaker 1: was struck by this, especially as we put it in 297 00:17:21,080 --> 00:17:23,960 Speaker 1: the global context, that you've got Shinzo Abe coming to 298 00:17:24,080 --> 00:17:28,600 Speaker 1: Washington while Chinese President shi Jing paying is still trying 299 00:17:28,640 --> 00:17:31,840 Speaker 1: to hype up this this one road, one belt what 300 00:17:32,000 --> 00:17:35,520 Speaker 1: is he calling it these days? Uh, to to boost 301 00:17:36,200 --> 00:17:39,640 Speaker 1: China's economy? What is your what is your take? Let's 302 00:17:39,680 --> 00:17:41,359 Speaker 1: start with China. What what do you think the end 303 00:17:41,400 --> 00:17:44,520 Speaker 1: goal should be? From a US perspective, between Trump and 304 00:17:44,880 --> 00:17:48,200 Speaker 1: she talks, well, I've been I've been really almost singularly 305 00:17:48,240 --> 00:17:51,760 Speaker 1: focused on getting the U. S m c A ratified 306 00:17:51,800 --> 00:17:54,480 Speaker 1: in the House Representatives and UH and the Senate and 307 00:17:55,040 --> 00:17:57,879 Speaker 1: passed into Lauren enacted by the President to law of disagreement. 308 00:17:58,400 --> 00:18:00,359 Speaker 1: I do think that the China agreement is a very 309 00:18:00,400 --> 00:18:03,200 Speaker 1: important one for our country moving forward, that we have 310 00:18:03,359 --> 00:18:05,960 Speaker 1: some stable agree with China right now that cleaning our cocks. 311 00:18:06,480 --> 00:18:09,560 Speaker 1: The President and I agree with that on currency, on 312 00:18:09,960 --> 00:18:12,359 Speaker 1: a number of issues in relation to China, and the 313 00:18:12,440 --> 00:18:14,399 Speaker 1: hope is that we can get to some agreement that 314 00:18:14,440 --> 00:18:16,359 Speaker 1: will be that that will set us on the right 315 00:18:16,480 --> 00:18:19,800 Speaker 1: mark moving forward with China. So, with regards to U. 316 00:18:19,920 --> 00:18:22,159 Speaker 1: S m c A and the differences within the Democratic 317 00:18:22,200 --> 00:18:26,879 Speaker 1: Caucus and political season, how do you get all the 318 00:18:26,960 --> 00:18:29,720 Speaker 1: Democrats on board, especially when you've got some saying that 319 00:18:29,920 --> 00:18:33,000 Speaker 1: it's not progressive enough and others saying that it's it's 320 00:18:33,040 --> 00:18:35,800 Speaker 1: too progressive. I don't know if ever heard, I wouldn't 321 00:18:35,800 --> 00:18:38,480 Speaker 1: say it's too progressive in the DI but I would 322 00:18:38,520 --> 00:18:41,760 Speaker 1: say that, especially these days, I would say that I 323 00:18:41,880 --> 00:18:44,080 Speaker 1: have myself a mixed record on trade in the House 324 00:18:44,119 --> 00:18:45,560 Speaker 1: when I was there. I voted a sum and not 325 00:18:45,720 --> 00:18:49,639 Speaker 1: all most multilaterals I voted against, but most by bi 326 00:18:49,720 --> 00:18:51,960 Speaker 1: laterals I was. I tend to be more in favor 327 00:18:52,000 --> 00:18:54,280 Speaker 1: than not not all of them. And I think that's 328 00:18:54,440 --> 00:18:56,159 Speaker 1: what I bring to this in terms of the strength 329 00:18:56,200 --> 00:18:59,159 Speaker 1: the credibility on the issue itself. And I believe that 330 00:18:59,320 --> 00:19:02,119 Speaker 1: this is a better agreement than the original NAFTA. I 331 00:19:02,240 --> 00:19:05,680 Speaker 1: also think it's a better agreement than no agreement at all, 332 00:19:05,880 --> 00:19:09,640 Speaker 1: which the President has threatened, certainly with extracting us from 333 00:19:09,760 --> 00:19:12,240 Speaker 1: a NAFTA. I don't know if anyone ever actually believes 334 00:19:12,240 --> 00:19:14,960 Speaker 1: that would have happened, but he certainly holds a threat 335 00:19:15,000 --> 00:19:18,520 Speaker 1: out there. But the advancement as as it pertains to UH, 336 00:19:18,640 --> 00:19:23,440 Speaker 1: the origin piece that automobiles will have to be origined 337 00:19:23,520 --> 00:19:26,320 Speaker 1: here in the United States or North America. UM that 338 00:19:26,560 --> 00:19:29,880 Speaker 1: the sixteen dollar minimum wage for workers a good third 339 00:19:29,880 --> 00:19:32,520 Speaker 1: of the workers in the auto industry in Mexico. UM 340 00:19:32,680 --> 00:19:36,639 Speaker 1: we have a kind of basic balance trade between the 341 00:19:36,720 --> 00:19:40,879 Speaker 1: United States, Canada, and Mexico. We have an advantage with Canada, 342 00:19:40,960 --> 00:19:43,719 Speaker 1: a disadvantaged slightly with Mexico, but all in all, it's 343 00:19:43,760 --> 00:19:47,439 Speaker 1: it's relatively balanced. I mean, if you maintain that. So Sarah, 344 00:19:48,320 --> 00:19:51,119 Speaker 1: the president, it would look like, if he wants to 345 00:19:51,200 --> 00:19:54,600 Speaker 1: get this through Congress, maybe layoff Twitter in terms of 346 00:19:54,720 --> 00:19:57,040 Speaker 1: us m c A and let let people like Joe 347 00:19:57,440 --> 00:20:00,520 Speaker 1: get Speaker Pelos easier and maybe like you know, take 348 00:20:00,560 --> 00:20:03,960 Speaker 1: away the volatility, especially with the chatter picking up. But 349 00:20:04,080 --> 00:20:06,600 Speaker 1: but seriously, maybe maybe layoff the gas a little bit 350 00:20:06,640 --> 00:20:08,560 Speaker 1: in order to get this across the finish life. I mean, 351 00:20:08,640 --> 00:20:11,399 Speaker 1: this is what I find really fascinating about some of 352 00:20:11,440 --> 00:20:13,960 Speaker 1: the hundred and nine freshmen Democrats that got elected in 353 00:20:14,200 --> 00:20:17,119 Speaker 1: If you look at two of the facts that Joe espouse, 354 00:20:17,160 --> 00:20:20,640 Speaker 1: there's a livable minimum weight in there, there's a origin. 355 00:20:21,160 --> 00:20:23,840 Speaker 1: You have a slew of other factors, including addressing some 356 00:20:23,880 --> 00:20:27,480 Speaker 1: of the labor issues that Mexico has had. However, you 357 00:20:27,640 --> 00:20:32,159 Speaker 1: have these far left left progressives who won't even pass 358 00:20:32,280 --> 00:20:36,480 Speaker 1: an actual piece of legislation that is strongly bipartisan, so 359 00:20:36,720 --> 00:20:40,639 Speaker 1: bipartisan that you have the former Democratic Caucus leader advocating 360 00:20:40,680 --> 00:20:43,119 Speaker 1: for it in the private sector. None of these Democratic 361 00:20:43,160 --> 00:20:47,160 Speaker 1: freshmen helped take back the House essentially, and yet they 362 00:20:47,200 --> 00:20:50,639 Speaker 1: won't do anything substantively. They're only focused on throwing bombs 363 00:20:50,680 --> 00:20:52,800 Speaker 1: and making fun of President Trump's twitter, I think they 364 00:20:52,800 --> 00:20:55,200 Speaker 1: should pass U S M C A. Well, I do 365 00:20:55,440 --> 00:21:00,520 Speaker 1: think that Leader Pelosi recognizes how we give in control 366 00:21:00,520 --> 00:21:02,879 Speaker 1: of the House representatives. And it was done in the 367 00:21:02,960 --> 00:21:05,560 Speaker 1: interface districts. It was done in the marginal districts where 368 00:21:06,080 --> 00:21:09,359 Speaker 1: Democrats actually took back seats from Republicans. It didn't happen 369 00:21:09,400 --> 00:21:12,000 Speaker 1: in inner cities like New York or Boston or Detroit 370 00:21:12,840 --> 00:21:16,240 Speaker 1: or Minneapolis for that matter. It did happen in New Jersey, 371 00:21:16,280 --> 00:21:21,600 Speaker 1: it happened in Pennsylvania, it happened in California, parts of California. So, um, 372 00:21:21,720 --> 00:21:23,760 Speaker 1: I think she's very well aware of how that happened. 373 00:21:23,880 --> 00:21:29,000 Speaker 1: And I do think that from my standpoint, uh standing, 374 00:21:29,160 --> 00:21:34,639 Speaker 1: that this agreement it deserves support and bipartisan support. And 375 00:21:34,760 --> 00:21:37,680 Speaker 1: I think, um that Democrats also need to show that 376 00:21:37,720 --> 00:21:39,880 Speaker 1: they can work with this president in some capacity. What's 377 00:21:39,920 --> 00:21:42,520 Speaker 1: the timeline in terms of when like walk us through 378 00:21:42,560 --> 00:21:46,040 Speaker 1: the procedurals of when ultimately it would even be up 379 00:21:46,080 --> 00:21:48,040 Speaker 1: for a vote. Well, I think there's a lot of 380 00:21:48,080 --> 00:21:51,000 Speaker 1: debate out on this. Obviously, the closer we get to 381 00:21:51,119 --> 00:21:54,000 Speaker 1: the presidential election year, the more difficult it is to 382 00:21:54,160 --> 00:21:57,000 Speaker 1: really accomplish a lot of things. Uh, and both sides 383 00:21:57,080 --> 00:21:59,000 Speaker 1: kind of shut down to some degree and kind of like, 384 00:21:59,080 --> 00:22:02,480 Speaker 1: let's run on this, let's run on that. UM. I look, 385 00:22:02,560 --> 00:22:05,840 Speaker 1: there's been some discussion a little Pelosi sorry, Speaker Pelosi 386 00:22:06,160 --> 00:22:08,399 Speaker 1: has talked about the need for an infrastructure bill. She 387 00:22:08,480 --> 00:22:10,800 Speaker 1: put on the mark of two trillion at the minimum, 388 00:22:10,880 --> 00:22:13,520 Speaker 1: one trillion dollars. Some believe that they'd be just maybe 389 00:22:13,640 --> 00:22:16,399 Speaker 1: a too far bridge right now to handle, if you 390 00:22:16,400 --> 00:22:18,760 Speaker 1: don't mind the punt. A bridge too far, But I 391 00:22:18,880 --> 00:22:21,800 Speaker 1: got it. But there are some things that can be 392 00:22:21,880 --> 00:22:23,960 Speaker 1: done besides the spending bills that have to get done 393 00:22:24,000 --> 00:22:26,720 Speaker 1: that maybe maybe this trade agreement be something can get done, 394 00:22:27,160 --> 00:22:30,320 Speaker 1: whether it is before the August break or maybe just 395 00:22:30,480 --> 00:22:33,040 Speaker 1: after that when they come back. But time would be 396 00:22:33,119 --> 00:22:36,000 Speaker 1: limited because there has to be something like your mom, 397 00:22:36,280 --> 00:22:38,159 Speaker 1: my mom, kind of middle of the road type of 398 00:22:38,240 --> 00:22:41,440 Speaker 1: people that don't want to keep talking about the Muller Report, 399 00:22:41,520 --> 00:22:43,640 Speaker 1: they don't want to keep talking about Twitter. They want 400 00:22:43,720 --> 00:22:46,919 Speaker 1: to talk and ask for these members running for office, 401 00:22:47,280 --> 00:22:49,800 Speaker 1: what did you do and what are you going to do? 402 00:22:50,119 --> 00:22:52,679 Speaker 1: And at this point, most of them have voted against 403 00:22:52,760 --> 00:22:55,640 Speaker 1: the tax bill, they have voted against working on us 404 00:22:55,720 --> 00:22:58,840 Speaker 1: m c A, they have voted against putting President Trump's appointees. 405 00:22:58,920 --> 00:23:01,879 Speaker 1: They have voted against basically doing the actual job of 406 00:23:01,920 --> 00:23:04,080 Speaker 1: the Congress, like the spending bill. They need to do 407 00:23:04,280 --> 00:23:06,840 Speaker 1: something and this is it. Sarah just gave Chicken Cereli 408 00:23:06,920 --> 00:23:10,399 Speaker 1: a shout out back in Delka. Appreciate. Don't get me 409 00:23:10,440 --> 00:23:13,360 Speaker 1: going on the tax bill because we got more time 410 00:23:13,640 --> 00:23:15,840 Speaker 1: coming up. Maybe we talked the tax bill. We also 411 00:23:15,880 --> 00:23:19,320 Speaker 1: have an exclusive interview with Brian Hook, senior policy adviser 412 00:23:19,520 --> 00:23:22,879 Speaker 1: to Secretary of State like POPEO. Download the Sound On 413 00:23:23,040 --> 00:23:26,000 Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by 414 00:23:26,040 --> 00:23:29,080 Speaker 1: downloading the Bloomberg Business app. Check us out on Radio 415 00:23:29,240 --> 00:23:32,520 Speaker 1: dot com, I Heart Radio and Spotify. I'm Kevin Cereli. 416 00:23:32,840 --> 00:23:39,080 Speaker 1: You're listening to Bloomberg is Sound On with Kevin Cirelli 417 00:23:39,520 --> 00:23:46,200 Speaker 1: on Bloomberg and seven m h D two Baltimore. The 418 00:23:46,240 --> 00:23:49,800 Speaker 1: Trump administration says it will not the new waivers that 419 00:23:49,960 --> 00:23:54,760 Speaker 1: let countries by Iranian oil without facing US sanctions. This 420 00:23:54,920 --> 00:23:58,359 Speaker 1: is a move that royal and energy markets. I'm Kevin Cirelli, 421 00:23:58,440 --> 00:24:01,720 Speaker 1: Chief Washington correspondent from the Work Television and Bloomberg Radio. 422 00:24:02,160 --> 00:24:06,280 Speaker 1: Earlier today on Bloomberg Television, I spoke exclusively with Brian Hook. 423 00:24:06,800 --> 00:24:10,800 Speaker 1: He is a senior advisor to Secretary of State Mike Pompeo, 424 00:24:10,920 --> 00:24:15,040 Speaker 1: the architect of US policy with Iran. Take a listen 425 00:24:15,080 --> 00:24:19,000 Speaker 1: to our interview. All right, no more waivers? Why because 426 00:24:19,040 --> 00:24:22,000 Speaker 1: we need to really deny Iran the revenue it needs 427 00:24:22,359 --> 00:24:25,399 Speaker 1: to destabilize the Middle East through all of its proxy wars. 428 00:24:26,160 --> 00:24:29,840 Speaker 1: And Secretary Pompeo announced about a year ago that we 429 00:24:29,960 --> 00:24:32,840 Speaker 1: are going to be going to zero imports of Iranian 430 00:24:32,880 --> 00:24:35,960 Speaker 1: crude oil, and we were able to take off about 431 00:24:36,000 --> 00:24:38,720 Speaker 1: a million and a half barrels over the first I 432 00:24:38,760 --> 00:24:43,000 Speaker 1: would say, but maybe the last ten eleven months. Now 433 00:24:43,119 --> 00:24:45,399 Speaker 1: we are going to take off the remaining million barrels 434 00:24:45,400 --> 00:24:47,840 Speaker 1: of Iranian crude. So I was shocked by the Secretary 435 00:24:47,880 --> 00:24:52,760 Speaker 1: Pompeo earliger today providing some I would say ambiguity in 436 00:24:52,880 --> 00:24:54,159 Speaker 1: terms of whether or not there's going to be a 437 00:24:54,200 --> 00:24:58,440 Speaker 1: push on the deadline. Is there any extension past May two, 438 00:24:58,640 --> 00:25:01,600 Speaker 1: or is that the apps salute deadline, or is there 439 00:25:01,960 --> 00:25:05,119 Speaker 1: any grace period at all? Um, there will be no 440 00:25:05,400 --> 00:25:08,600 Speaker 1: renewals of any of the exceptions that have allowed people 441 00:25:08,640 --> 00:25:11,680 Speaker 1: to import Iranian crude oil, and so those have gone away. 442 00:25:12,200 --> 00:25:16,080 Speaker 1: There's only about four or five countries still importing Iranian 443 00:25:16,080 --> 00:25:19,800 Speaker 1: crude oil, and those the current waivers expire on May second, 444 00:25:20,160 --> 00:25:23,000 Speaker 1: and they will not be renewed. So will those countries 445 00:25:23,160 --> 00:25:26,080 Speaker 1: if they continue to make those types of transactions? Are 446 00:25:26,119 --> 00:25:28,679 Speaker 1: they going to be sanctioned? If on May three they 447 00:25:28,720 --> 00:25:31,680 Speaker 1: continue on. We don't anticipate that countries are going to 448 00:25:31,840 --> 00:25:35,960 Speaker 1: choose to risk being sanctioned. To date, no country has. 449 00:25:36,400 --> 00:25:39,480 Speaker 1: There are over twenty countries that used to import Iranian 450 00:25:39,520 --> 00:25:41,440 Speaker 1: crude that are now at zero, and they've been there 451 00:25:41,480 --> 00:25:44,280 Speaker 1: for many months, and there's no hint at all that 452 00:25:44,359 --> 00:25:46,879 Speaker 1: they want to run a foul of American sanctions, and 453 00:25:47,000 --> 00:25:50,320 Speaker 1: we don't anticipate that. With either we're essentially giving countries 454 00:25:50,359 --> 00:25:52,600 Speaker 1: a choice. You can either do business with the United 455 00:25:52,640 --> 00:25:55,560 Speaker 1: States or you can import Iranian crude oil. And given 456 00:25:55,640 --> 00:25:57,960 Speaker 1: that choice, it's not a hard decision. So China is 457 00:25:58,000 --> 00:26:02,000 Speaker 1: the largest buyer of Iranian crude oil, and they've reiterated 458 00:26:02,119 --> 00:26:05,159 Speaker 1: their opposition to unilateral sanctions as a result of as 459 00:26:05,200 --> 00:26:08,040 Speaker 1: clearly that was anticipated. But do you have any concerns 460 00:26:08,800 --> 00:26:12,240 Speaker 1: about China's message in all of this, or whether or 461 00:26:12,280 --> 00:26:15,239 Speaker 1: not that would directly impact the oil markets. I think 462 00:26:15,320 --> 00:26:19,119 Speaker 1: China's big equity is ensuring a very steady and stable 463 00:26:19,200 --> 00:26:22,280 Speaker 1: supply of oil. We have worked very close to with 464 00:26:22,320 --> 00:26:26,000 Speaker 1: Saudi Arabia and today they released a statement ensuring that 465 00:26:26,240 --> 00:26:30,520 Speaker 1: they will offset any Iranian barrels that are lost. And 466 00:26:30,640 --> 00:26:34,560 Speaker 1: so Iranian crude is not an exotic crude, and there's 467 00:26:34,800 --> 00:26:37,159 Speaker 1: there's a number of countries that can supply China with 468 00:26:37,200 --> 00:26:40,440 Speaker 1: its energy needs. There will not be any supply interruption 469 00:26:40,520 --> 00:26:42,920 Speaker 1: as a consequence of our decision today. And last time 470 00:26:42,920 --> 00:26:44,440 Speaker 1: you're here and we asked about this, he said, you 471 00:26:44,520 --> 00:26:46,639 Speaker 1: gotta wait, We gotta wait until to see what the 472 00:26:46,720 --> 00:26:48,520 Speaker 1: decision is going to be. But you also said that 473 00:26:48,600 --> 00:26:51,520 Speaker 1: you wanted to take great care because you didn't want 474 00:26:51,560 --> 00:26:55,000 Speaker 1: to create any type of volatility in the geopolitical oil 475 00:26:55,440 --> 00:26:58,800 Speaker 1: market as a whole. Why do you think that the 476 00:26:59,080 --> 00:27:02,960 Speaker 1: market is in better shaped today with this now, with 477 00:27:03,080 --> 00:27:05,880 Speaker 1: this announcement that it was six months ago, because all 478 00:27:05,960 --> 00:27:10,520 Speaker 1: of our forecasts shows supply exceeding demand. The Saudis are 479 00:27:10,640 --> 00:27:13,560 Speaker 1: going to be there to offset any losses. The United 480 00:27:13,600 --> 00:27:17,440 Speaker 1: States has been increasing production. UM, I think all of 481 00:27:17,520 --> 00:27:19,960 Speaker 1: the if you look at all the fundamentals, they're very sound. 482 00:27:20,000 --> 00:27:22,760 Speaker 1: That we have a well supplied and stable oil market. 483 00:27:23,320 --> 00:27:26,440 Speaker 1: So if you're driven by the fundamentals, there's no reason 484 00:27:26,520 --> 00:27:28,000 Speaker 1: to think that this is going to impact the oil 485 00:27:28,080 --> 00:27:30,240 Speaker 1: markets because Saudi and u A in the United States 486 00:27:30,280 --> 00:27:34,360 Speaker 1: are all working to offset the loss. Well, India has 487 00:27:34,440 --> 00:27:37,280 Speaker 1: been granted a waiver in the past. There the second 488 00:27:37,400 --> 00:27:41,000 Speaker 1: largest importer of Irani and crude oil. But it's it's 489 00:27:41,080 --> 00:27:43,360 Speaker 1: just we're not going to be giving out any more waivers. 490 00:27:43,800 --> 00:27:46,440 Speaker 1: And then do you have any concern that the removal 491 00:27:46,440 --> 00:27:48,639 Speaker 1: of Iranian crude from the market is going to fuel 492 00:27:48,880 --> 00:27:50,879 Speaker 1: any other of a price spike, because you know, President 493 00:27:50,920 --> 00:27:52,880 Speaker 1: Trump doesn't want to see that. We're gonna hear about 494 00:27:52,880 --> 00:27:54,480 Speaker 1: it on Twitter. If the if there's a massive spike 495 00:27:54,520 --> 00:27:57,240 Speaker 1: in the oil market now and today, I think you've 496 00:27:57,240 --> 00:27:59,960 Speaker 1: seen a slide uptick um. But there's a number of 497 00:28:00,119 --> 00:28:03,800 Speaker 1: drivers behind that that that even predate the announcement this morning. 498 00:28:04,280 --> 00:28:07,520 Speaker 1: And so as you look on the dashboard of geopolitical risk, 499 00:28:07,640 --> 00:28:09,640 Speaker 1: there are a couple of hot spots, but they're they're 500 00:28:09,680 --> 00:28:11,760 Speaker 1: not even I would even qualify them as hot. So 501 00:28:12,160 --> 00:28:14,359 Speaker 1: we manage these things, I think very well. We have 502 00:28:14,920 --> 00:28:19,240 Speaker 1: calibrated our national security interests and our economic interests. We've 503 00:28:19,320 --> 00:28:21,440 Speaker 1: we've done a good job of balancing that. So far, 504 00:28:22,000 --> 00:28:23,680 Speaker 1: we've taken off a million and a half barrels of 505 00:28:23,720 --> 00:28:27,800 Speaker 1: Iranian crude and that is not hurt the oil markets. Alright, 506 00:28:27,880 --> 00:28:31,040 Speaker 1: so broader step back now, there's a lot of folks 507 00:28:31,320 --> 00:28:33,359 Speaker 1: thought that this couldn't be done. Now a year in 508 00:28:33,440 --> 00:28:36,280 Speaker 1: the making, it's it's it's been done. What's the next step? 509 00:28:36,359 --> 00:28:38,960 Speaker 1: I mean, if ultimately the goal is to get Iran 510 00:28:39,080 --> 00:28:41,760 Speaker 1: to behave like a like a country that doesn't want 511 00:28:41,760 --> 00:28:44,960 Speaker 1: to engage in nuclear activity, what's what's the next step here? 512 00:28:45,040 --> 00:28:47,880 Speaker 1: Now that there's been no more waivers. Granted, it puts 513 00:28:48,000 --> 00:28:51,120 Speaker 1: us in a much better position of economic leverage because 514 00:28:51,200 --> 00:28:55,360 Speaker 1: most of the regime's revenue comes from oil exports. So 515 00:28:55,560 --> 00:28:59,360 Speaker 1: if you want to change Iran's calculus for funding all 516 00:28:59,400 --> 00:29:01,680 Speaker 1: of these PROCs wars around the Middle East, you have 517 00:29:01,840 --> 00:29:04,840 Speaker 1: to get serious about the oil. We've already seen an impact. 518 00:29:05,320 --> 00:29:08,920 Speaker 1: Iran is having a harder time meeting their funding commitments 519 00:29:09,000 --> 00:29:13,240 Speaker 1: for Hezbollah, for Hamas, for their Shia proxies in uh Syria, 520 00:29:14,000 --> 00:29:16,120 Speaker 1: and so we want to make it hard for Iran 521 00:29:16,200 --> 00:29:19,360 Speaker 1: to execute its foreign policy. We're going to continue putting 522 00:29:19,400 --> 00:29:22,680 Speaker 1: pressure on this regime. We're in the early stages of 523 00:29:22,760 --> 00:29:26,000 Speaker 1: this and Iran has a choice. They can either start 524 00:29:26,080 --> 00:29:28,440 Speaker 1: behaving like a normal nation, or they can watch their 525 00:29:28,480 --> 00:29:32,480 Speaker 1: economy crumble. That was Brian Hook, senior policy advisor to 526 00:29:32,560 --> 00:29:36,840 Speaker 1: Secretary of State Mike Pompeo, as well as the architect 527 00:29:36,920 --> 00:29:39,960 Speaker 1: behind the US policy with Iran. Check out that full 528 00:29:40,000 --> 00:29:43,760 Speaker 1: exclusive interview on Bloomberg Television dot Com. Coming up, we 529 00:29:43,840 --> 00:29:47,640 Speaker 1: talked much more about the presidential race. Download the Sound 530 00:29:47,720 --> 00:29:51,160 Speaker 1: Of podcast on Apple iTunes, at Bloomberg dot com, or 531 00:29:51,520 --> 00:29:54,160 Speaker 1: by downloading the Bloomberg Business app. You can also find 532 00:29:54,200 --> 00:29:57,560 Speaker 1: me and my colleagues on Radio dot com, I Heart Radio, 533 00:29:57,680 --> 00:30:02,120 Speaker 1: and Spotify. I'm Kevin SERELLI you are listening to Bloomberg One. 534 00:30:02,600 --> 00:30:06,760 Speaker 1: You're listening to Sound On with Kevin Surreally on Bloomberg 535 00:30:08,000 --> 00:30:10,800 Speaker 1: and one oh five point seven f m h D two, Baltimore. 536 00:30:14,480 --> 00:30:17,440 Speaker 1: I was celebrating Ea, Sir over the weekend, and I 537 00:30:17,520 --> 00:30:19,040 Speaker 1: ran into one of my friends and she got a 538 00:30:19,080 --> 00:30:21,520 Speaker 1: new dog, and now I want a dog. I'm Kevin 539 00:30:21,560 --> 00:30:26,959 Speaker 1: Silly Bloomberg Cheap Washington correspondent for Bloomberg Television and Bloomberg Radio. 540 00:30:27,200 --> 00:30:29,720 Speaker 1: Sarah Kim is a Republican strategist and a friend of 541 00:30:29,760 --> 00:30:33,400 Speaker 1: the program. Former senior advisor and the Trump administration. Joe Crawley, 542 00:30:33,840 --> 00:30:38,080 Speaker 1: senior policy advisor at Squire Patton Boggs and former Congressman 543 00:30:38,120 --> 00:30:42,720 Speaker 1: Democrat from New York. Joe, I you got a dog. 544 00:30:42,840 --> 00:30:44,560 Speaker 1: You were telling me, all fair, we got a dog. 545 00:30:45,120 --> 00:30:48,640 Speaker 1: What's the dog's name? Well, it's a chocolate lab. Okay, puppy. 546 00:30:49,080 --> 00:30:53,720 Speaker 1: He's a puppy. He's about four months old, and he 547 00:30:53,840 --> 00:30:56,640 Speaker 1: responds to his name one syllable name. His name is 548 00:30:56,680 --> 00:31:00,440 Speaker 1: Bruce Bruce and his name, his middle name is Ringstein. 549 00:31:00,640 --> 00:31:06,480 Speaker 1: Bruce Springsteen. Probably, wow, what is your favorite Bruce? I 550 00:31:06,520 --> 00:31:08,800 Speaker 1: take it you're a Bruce Springs. I'm a huge Springsteen fan. 551 00:31:09,760 --> 00:31:13,840 Speaker 1: My favorite song has got to be between Rosalita and 552 00:31:13,960 --> 00:31:16,800 Speaker 1: thunder Road. Those are two great songs. Sarah, are you 553 00:31:16,840 --> 00:31:21,640 Speaker 1: a Bruce fan? Of course? What's your favorite Brucest? Okay, 554 00:31:21,760 --> 00:31:24,520 Speaker 1: that's a good one. I also really, really really like 555 00:31:24,920 --> 00:31:32,160 Speaker 1: jungle Land. Awesome, awesome saxophone. My mother likes Junda Land 556 00:31:33,400 --> 00:31:36,360 Speaker 1: piano in it. It's actually beautiful. I didn't get to 557 00:31:36,400 --> 00:31:38,640 Speaker 1: see him do the Broadway thing because those tickets were 558 00:31:38,680 --> 00:31:40,640 Speaker 1: like harder to get than Hamilton's. But like I heard, 559 00:31:40,680 --> 00:31:42,560 Speaker 1: it was amazing and rather of you see that, I've 560 00:31:42,600 --> 00:31:45,280 Speaker 1: seen it on Netflix for what I've got to watch that? 561 00:31:45,520 --> 00:31:48,240 Speaker 1: Is it on Netflix? Interesting? No, the first time I 562 00:31:48,360 --> 00:31:51,400 Speaker 1: ever heard of Bruce Springsteen was when Courtney Cox jumped 563 00:31:51,400 --> 00:31:53,760 Speaker 1: on on stage and danced with him, like on Fronting 564 00:31:53,840 --> 00:31:56,880 Speaker 1: the Dark. Yeah, that's right, that's right because she was 565 00:31:56,920 --> 00:31:59,479 Speaker 1: there all right. Pivoting back to the Gateway project, I'm 566 00:31:59,520 --> 00:32:02,000 Speaker 1: just kidda not I don't know how to pivot. We're 567 00:32:02,000 --> 00:32:06,000 Speaker 1: still learning. Joe, probably by colleagues were sending you questions 568 00:32:06,160 --> 00:32:07,400 Speaker 1: when we found out you were going to be on 569 00:32:07,600 --> 00:32:09,920 Speaker 1: with us for the hour, and we appreciate you coming 570 00:32:09,960 --> 00:32:12,000 Speaker 1: into to talk with us. Do you think the Gateway 571 00:32:12,080 --> 00:32:14,880 Speaker 1: project gets done I think the Gateway Project has to 572 00:32:14,960 --> 00:32:19,480 Speaker 1: get done right. This is about access to the greatest 573 00:32:19,520 --> 00:32:22,000 Speaker 1: market in the world, New York City, and it's as 574 00:32:22,120 --> 00:32:26,240 Speaker 1: much about the Tri state region. It's about the Lehigh Valley, 575 00:32:26,680 --> 00:32:30,720 Speaker 1: it's about New Jersey. It's about that access that keeps 576 00:32:30,800 --> 00:32:33,120 Speaker 1: broadening out in terms of the bedroom community of New 577 00:32:33,200 --> 00:32:36,480 Speaker 1: York is Desk not Queens and Nassau County and Suffolk 578 00:32:36,520 --> 00:32:40,160 Speaker 1: and Rockland, and Orange and Putnam in Staten Island and 579 00:32:40,560 --> 00:32:42,720 Speaker 1: it's really New Jersey. It is the le High Valley. 580 00:32:42,760 --> 00:32:44,520 Speaker 1: But we see so many people moving out to they 581 00:32:44,600 --> 00:32:47,120 Speaker 1: need to have that direct access. They need to know 582 00:32:47,240 --> 00:32:49,520 Speaker 1: that that tunnel will be built. Uh, and really to 583 00:32:49,920 --> 00:32:52,480 Speaker 1: to further investment in the city like New York. All Right, 584 00:32:52,520 --> 00:32:55,400 Speaker 1: we talked a lot about the ao C Amazon fallout. 585 00:32:55,480 --> 00:32:59,640 Speaker 1: What the heck happened with the Amazon deal? Well, I 586 00:32:59,760 --> 00:33:02,040 Speaker 1: do think in terms of the investment of New York City, 587 00:33:02,120 --> 00:33:05,160 Speaker 1: it's critical that we have the infrastructure in place for that, 588 00:33:05,520 --> 00:33:07,640 Speaker 1: but we also have to have the talent. We happen 589 00:33:07,720 --> 00:33:10,920 Speaker 1: to have both right now in abundance. Uh. New York 590 00:33:10,960 --> 00:33:12,680 Speaker 1: City is going very, very strong. I think part of 591 00:33:12,720 --> 00:33:15,520 Speaker 1: the problem is it's going so strong that the unemployment 592 00:33:15,640 --> 00:33:19,959 Speaker 1: rate is at a critically you know low rate. Um 593 00:33:20,360 --> 00:33:23,680 Speaker 1: that uh, it really afforded opportunity to be in protests 594 00:33:23,720 --> 00:33:27,120 Speaker 1: are against some of these big companies. I actually think, UM, 595 00:33:27,480 --> 00:33:30,000 Speaker 1: for my standing and my my my positioning on the ground, 596 00:33:30,200 --> 00:33:32,000 Speaker 1: I think Amazon pulled out a little too worldly. I 597 00:33:32,000 --> 00:33:34,040 Speaker 1: think they should have stuck out a little longer. And 598 00:33:34,400 --> 00:33:37,240 Speaker 1: I think we just see happened here in in in 599 00:33:37,400 --> 00:33:40,440 Speaker 1: d c or at least in Crystal City that it's 600 00:33:40,480 --> 00:33:42,360 Speaker 1: going through. And there was protests, but it's going through 601 00:33:42,400 --> 00:33:46,160 Speaker 1: and they definitely wanted I think the people in Queens 602 00:33:46,400 --> 00:33:49,920 Speaker 1: and in the surrounding area wanted uh. And the polling 603 00:33:49,960 --> 00:33:53,200 Speaker 1: indicates that overwhelmingly. All right, and everybody wants to know 604 00:33:53,280 --> 00:33:55,640 Speaker 1: you're gonna run for office for ever, going to run 605 00:33:55,680 --> 00:33:58,160 Speaker 1: for office again? You tweeted out like still not running 606 00:33:58,280 --> 00:34:01,080 Speaker 1: like it's like every day you make up tweet still 607 00:34:01,160 --> 00:34:06,640 Speaker 1: not running like it? I mean, like a Trump advisor 608 00:34:06,720 --> 00:34:10,920 Speaker 1: telling work for us. I've had an incredible thirty two 609 00:34:11,040 --> 00:34:13,759 Speaker 1: years in elective office in the state legislature and the 610 00:34:13,880 --> 00:34:17,600 Speaker 1: House representatives for twenty years. I'm very grateful for that opportunity. 611 00:34:17,880 --> 00:34:19,879 Speaker 1: Um only I just turned fifty seven a month ago, 612 00:34:20,040 --> 00:34:22,440 Speaker 1: so I don't feel that old. Although during the campaign 613 00:34:22,480 --> 00:34:25,799 Speaker 1: I was called Grandpa Crowley. I have a thirteen year 614 00:34:25,840 --> 00:34:27,560 Speaker 1: old son. I don't know how he felt about that, 615 00:34:28,360 --> 00:34:31,520 Speaker 1: but um, you know, I don't know. Um I wait 616 00:34:31,560 --> 00:34:34,799 Speaker 1: and see. You know what transpires. Um you know, New 617 00:34:34,840 --> 00:34:36,680 Speaker 1: York's a big town, a big city in a big state, 618 00:34:36,719 --> 00:34:39,200 Speaker 1: and maybe other opportunities. And I find this fascinating because 619 00:34:39,200 --> 00:34:41,239 Speaker 1: so many people especially in our line of works, Harry, 620 00:34:41,320 --> 00:34:43,759 Speaker 1: it's like, oh, are you gonna run? Blah blah blah blah, 621 00:34:44,040 --> 00:34:45,960 Speaker 1: and and it's and it's always like a looking at 622 00:34:46,000 --> 00:34:47,680 Speaker 1: the polls, But actually it has a lot more to 623 00:34:47,800 --> 00:34:49,920 Speaker 1: do with what voters are saying on the ground, how 624 00:34:50,080 --> 00:34:53,000 Speaker 1: their lives are being impacted by the economy. I mean 625 00:34:53,040 --> 00:34:55,239 Speaker 1: when when, especially now in the presidential season, I mean 626 00:34:55,280 --> 00:35:00,040 Speaker 1: I remember interviewing Senator Warren more than a year and 627 00:35:00,040 --> 00:35:02,879 Speaker 1: a half ago and saying, looking her in the eye 628 00:35:02,920 --> 00:35:06,200 Speaker 1: and saying, you know what goes into this decision to 629 00:35:06,360 --> 00:35:09,880 Speaker 1: be commander in chief? And you could see, regardless of 630 00:35:09,880 --> 00:35:13,120 Speaker 1: whether or not you agree with Senator Warren, that for 631 00:35:13,360 --> 00:35:17,000 Speaker 1: someone deciding to run for president, for presidential office, or 632 00:35:17,120 --> 00:35:20,600 Speaker 1: congress or any elected official, there is a lot more 633 00:35:20,760 --> 00:35:24,240 Speaker 1: that should go into it than just you know, polls. 634 00:35:24,480 --> 00:35:27,920 Speaker 1: As Joe told us, right, I mean, fundamentally, you have 635 00:35:28,040 --> 00:35:30,640 Speaker 1: to want it, and then the politician themselves has to 636 00:35:30,719 --> 00:35:33,120 Speaker 1: decide why, and then they have to convince us that 637 00:35:33,400 --> 00:35:37,000 Speaker 1: the reasoning behind why makes sense. So Joe Biden Wednesday, 638 00:35:37,040 --> 00:35:41,040 Speaker 1: Sara is the biggest threat. I don't think Joe Biden 639 00:35:41,160 --> 00:35:43,000 Speaker 1: is a big threat. I don't think anybody in the 640 00:35:43,040 --> 00:35:46,440 Speaker 1: Democratic field is a big threat because no, I'm very serious, 641 00:35:49,960 --> 00:35:52,880 Speaker 1: you know what they don't mostly because they keep running 642 00:35:52,920 --> 00:35:56,200 Speaker 1: against the personality of Donald Trump. They need to come 643 00:35:56,280 --> 00:35:58,920 Speaker 1: up with these ideas. And I think Pete Buddhachaj is 644 00:35:59,000 --> 00:36:02,959 Speaker 1: really interesting for two reasons. One, he's created this conversation 645 00:36:03,120 --> 00:36:05,719 Speaker 1: around what it means to be an evangelical Christian, a 646 00:36:05,800 --> 00:36:09,239 Speaker 1: Christian at all, and yet say that if you don't 647 00:36:09,360 --> 00:36:13,200 Speaker 1: vote Republican, then you're a bad Christian. I mean that 648 00:36:13,440 --> 00:36:16,680 Speaker 1: is an astounding statement in an argument and a debate 649 00:36:16,760 --> 00:36:19,080 Speaker 1: to have in modern society. And it's a debate that's 650 00:36:19,280 --> 00:36:22,120 Speaker 1: been going on around the dinner tables for take my 651 00:36:22,239 --> 00:36:26,560 Speaker 1: word for it. For no one talks about it, Joe, right. 652 00:36:26,680 --> 00:36:29,000 Speaker 1: But I also think there are candidates talking about other 653 00:36:29,040 --> 00:36:31,600 Speaker 1: things in the president's character. Although that is a big, 654 00:36:31,719 --> 00:36:34,320 Speaker 1: big issue for a lot of voters out there. But 655 00:36:34,440 --> 00:36:36,680 Speaker 1: they are concerned about health care, they are considered about 656 00:36:36,960 --> 00:36:39,640 Speaker 1: job development. You look at you know, for instance, Tim Ryan, 657 00:36:39,800 --> 00:36:42,400 Speaker 1: someone who's not getting a lot of attention, getting attention 658 00:36:42,640 --> 00:36:45,759 Speaker 1: in Ohio, but he he's talking about, you know, the 659 00:36:46,120 --> 00:36:48,640 Speaker 1: bread and butter issues, and that is about they were 660 00:36:48,680 --> 00:36:52,560 Speaker 1: promised jobs the jobs is still evaporating. Yeah, and that 661 00:36:52,920 --> 00:36:54,880 Speaker 1: you know, the the you look at people who are 662 00:36:54,920 --> 00:36:58,680 Speaker 1: making incredible decisions about the futures that families, their lives 663 00:36:59,120 --> 00:37:01,440 Speaker 1: and the crisis that they're dealing with. He's making it 664 00:37:01,600 --> 00:37:04,000 Speaker 1: very real. I think you have other people speaking in 665 00:37:04,040 --> 00:37:06,320 Speaker 1: those same ways. Of the problem is it's such a 666 00:37:06,400 --> 00:37:09,319 Speaker 1: crowded field. It's hard to get your message out, it's 667 00:37:09,360 --> 00:37:11,759 Speaker 1: hard to raise that money. I think that's true. I 668 00:37:11,880 --> 00:37:14,840 Speaker 1: do think that Biden is probably the greatest threat because 669 00:37:15,120 --> 00:37:17,440 Speaker 1: he is the most well known and he's got the experience. 670 00:37:17,440 --> 00:37:20,040 Speaker 1: Al Right. I want to thank Sarah Kim, Republican strategist 671 00:37:20,120 --> 00:37:23,319 Speaker 1: and former senior advisor and the Trump administration, as well 672 00:37:23,400 --> 00:37:26,560 Speaker 1: as former healthcare counsel of the on the House Oversight 673 00:37:26,600 --> 00:37:29,800 Speaker 1: and Government Reform Committee, and of course Joe Crowley, the 674 00:37:30,120 --> 00:37:33,640 Speaker 1: legendary Joe Crowley, senior policy advisor at Squire Patton Boggs 675 00:37:33,680 --> 00:37:37,520 Speaker 1: and former Congressman Democrat from New York. Maybe he's not done, folks, 676 00:37:37,600 --> 00:37:40,200 Speaker 1: that dot dot dot for Joe Crowley and now he's 677 00:37:40,280 --> 00:37:43,280 Speaker 1: all up in the U. S m c A of renegotiations. 678 00:37:43,360 --> 00:37:47,840 Speaker 1: And a dog owner, a dog owner of Bruce Sprigstein Crowley. 679 00:37:48,440 --> 00:37:50,520 Speaker 1: I want to thank everybody for listening. Herman Kaine's Out 680 00:37:50,520 --> 00:37:53,040 Speaker 1: of the Fed. Will dive into that tomorrow. I'm Kevin Cirelli. 681 00:37:53,080 --> 00:37:54,160 Speaker 1: You're listening to Bloomberg.