1 00:00:00,360 --> 00:00:03,040 Speaker 1: Why from our nation's came this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing Space Force. I still think it's interesting 3 00:00:05,559 --> 00:00:08,880 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,039 --> 00:00:15,000 Speaker 1: Politics Colliding Floomberg Sound On, the Insiders, the Influencers, the insides. 5 00:00:15,120 --> 00:00:17,360 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,360 --> 00:00:20,520 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:20,520 --> 00:00:22,880 Speaker 1: than it looked in teams. You really have a divide 8 00:00:23,040 --> 00:00:25,799 Speaker 1: within Team Trump. The president has to do exactly what 9 00:00:25,880 --> 00:00:27,480 Speaker 1: people sent him here to do, which is to get 10 00:00:27,480 --> 00:00:31,680 Speaker 1: it done. This is Bloomberg Sound On with Kevin Shirley 11 00:00:31,960 --> 00:00:36,480 Speaker 1: on Bloomberg and one oh five point h D two 12 00:00:36,840 --> 00:00:40,760 Speaker 1: paper Straws part of the Democratic Party Platform. Will dive 13 00:00:40,840 --> 00:00:45,120 Speaker 1: into CNN's latest town hall regarding climate change. All of 14 00:00:45,159 --> 00:00:48,919 Speaker 1: the latest with regards to where things stand now, just 15 00:00:49,080 --> 00:00:54,120 Speaker 1: one week until the third Democratic presidential debate, the stakes 16 00:00:54,240 --> 00:00:58,240 Speaker 1: getting higher, Plus shake up for President Trump's foreign policy 17 00:00:58,280 --> 00:01:02,080 Speaker 1: team Jason Greenblatt parts what does it mean for Jared 18 00:01:02,160 --> 00:01:05,160 Speaker 1: Kushner's Middle East peace plan? Will have the latest on that, 19 00:01:05,680 --> 00:01:10,120 Speaker 1: plus on Former Defense Secretary Jim matt Is criticizing the 20 00:01:10,160 --> 00:01:14,440 Speaker 1: polarized politics in Washington and America's failure to stand by 21 00:01:14,520 --> 00:01:19,960 Speaker 1: its allies and indictment on President Donald Trump's foreign policy. 22 00:01:20,040 --> 00:01:22,600 Speaker 1: We've got an all star panel. Roger Fisk is back. 23 00:01:22,680 --> 00:01:26,320 Speaker 1: He's a Democratic strategist, longtime Obama aide, and the principle 24 00:01:26,440 --> 00:01:30,000 Speaker 1: of New Day strategy. And Holly Turner makes her Bloomberg 25 00:01:30,080 --> 00:01:34,119 Speaker 1: Radio sound on debut, a Republican strategist, a partner at 26 00:01:34,160 --> 00:01:38,320 Speaker 1: Stampede Consulting, and all the way from the ACELA fresh 27 00:01:38,360 --> 00:01:42,400 Speaker 1: from the ascella John Ghans, former chief speech writer at 28 00:01:42,400 --> 00:01:45,479 Speaker 1: the Pentagon and author of a great book, White House Warriors, 29 00:01:45,520 --> 00:01:51,000 Speaker 1: How the National Security Council transformed the American way of war. 30 00:01:51,120 --> 00:01:54,560 Speaker 1: Lots to talk about foreign policy, lots to talk about domestically. 31 00:01:54,880 --> 00:01:58,600 Speaker 1: We're just one week away from the third Democratic presidential 32 00:01:58,640 --> 00:02:02,960 Speaker 1: debate in Houston, Texas, and already the candidates trying to 33 00:02:03,120 --> 00:02:06,800 Speaker 1: make their cases and their differentiations on I don't even 34 00:02:06,800 --> 00:02:10,680 Speaker 1: think that's a word, differentiations on climate change. Following a 35 00:02:10,760 --> 00:02:13,920 Speaker 1: CNN hosted town hall. To breakdown all of this, we 36 00:02:13,960 --> 00:02:17,880 Speaker 1: have Roger Fisk, a Democratic strategist, a long time Obama aide, 37 00:02:17,919 --> 00:02:21,240 Speaker 1: and principle of New Day strategy. And Holly Turner. She 38 00:02:21,360 --> 00:02:25,840 Speaker 1: is a Republican strategist and a partner at Stampede Consulting, Roger. 39 00:02:25,880 --> 00:02:27,240 Speaker 1: I want to start with you and I want to 40 00:02:27,240 --> 00:02:30,120 Speaker 1: get your take as you respond to the front runner, 41 00:02:30,240 --> 00:02:33,600 Speaker 1: former Vice President Joe Biden, who really has been uh 42 00:02:33,639 --> 00:02:36,360 Speaker 1: He's appeared in New York back to back town halls 43 00:02:36,400 --> 00:02:39,680 Speaker 1: talking with the moderator and audience questions about climate change. 44 00:02:40,080 --> 00:02:43,440 Speaker 1: Take a listen about what he said how he would 45 00:02:43,560 --> 00:02:46,520 Speaker 1: orchestrate climate change if he were the president of the 46 00:02:46,600 --> 00:02:50,520 Speaker 1: United States. Here is there's no leadership. I know almost 47 00:02:50,560 --> 00:02:53,000 Speaker 1: every one of these world leaders. If I were if 48 00:02:53,000 --> 00:02:56,040 Speaker 1: I've been president today, I would have the G seven 49 00:02:56,040 --> 00:02:58,800 Speaker 1: made sure this became the topic. There would be no 50 00:02:58,919 --> 00:03:01,920 Speaker 1: empty chair. I would be pulling the G seven together. 51 00:03:02,840 --> 00:03:07,279 Speaker 1: So he says that he's going to one reorchestrate international 52 00:03:07,360 --> 00:03:12,280 Speaker 1: coalitions to allow us allies to attack the problem and 53 00:03:12,320 --> 00:03:14,679 Speaker 1: address the issue of climate change. I want to play 54 00:03:14,680 --> 00:03:17,320 Speaker 1: for you now, Elizabeth Warren, and as she made her 55 00:03:17,360 --> 00:03:20,400 Speaker 1: pitch at the CNN Climate Change down Hall about how 56 00:03:20,520 --> 00:03:23,880 Speaker 1: she would do it, here's Senator Warren. Till we attack 57 00:03:24,040 --> 00:03:27,760 Speaker 1: that corruption head on. So long as those guys continue 58 00:03:28,160 --> 00:03:30,600 Speaker 1: to call all the shots, then we're not going to 59 00:03:30,680 --> 00:03:33,720 Speaker 1: be able to make the changes that we must make. 60 00:03:34,360 --> 00:03:37,760 Speaker 1: These changes are no longer optional, They're no longer there 61 00:03:37,880 --> 00:03:41,640 Speaker 1: is a maybe yes, maybe no. This is our future. 62 00:03:42,480 --> 00:03:45,320 Speaker 1: So there's Elizabeth Warren. And the reason I like those 63 00:03:45,360 --> 00:03:48,559 Speaker 1: two sound bites is because I really think it captures 64 00:03:49,040 --> 00:03:52,320 Speaker 1: the pitch that Joe Biden and Elizabeth Warren right now 65 00:03:52,760 --> 00:03:55,880 Speaker 1: are making two voters, right Joe Biden saying he's going 66 00:03:55,920 --> 00:03:59,080 Speaker 1: to restore America in the world in terms of uniting 67 00:03:59,120 --> 00:04:03,480 Speaker 1: allies into of creating coalitions, and Elizabeth Warren saying, hey, 68 00:04:03,520 --> 00:04:07,640 Speaker 1: this is corruption. These are large corporations that have created 69 00:04:07,720 --> 00:04:10,280 Speaker 1: this issue of climate change, and she's going to take 70 00:04:10,320 --> 00:04:13,160 Speaker 1: them on. What's going to resonate with Democratic primary voters. 71 00:04:14,320 --> 00:04:17,800 Speaker 1: First of all, thanks so much for having me, and uh, 72 00:04:18,040 --> 00:04:20,680 Speaker 1: I didn't see all of the presentations last night, so 73 00:04:20,720 --> 00:04:23,240 Speaker 1: I need to throw that out at the beginning. The 74 00:04:23,279 --> 00:04:25,080 Speaker 1: one thing that I saw is a difference I saw 75 00:04:25,120 --> 00:04:28,120 Speaker 1: three of them, was that Senator Warren was able to 76 00:04:28,160 --> 00:04:31,760 Speaker 1: bring it back to jobs, economy kind of kitchen table thing. 77 00:04:31,920 --> 00:04:34,839 Speaker 1: So and she did that, I think very adroitly to 78 00:04:34,920 --> 00:04:37,760 Speaker 1: just not leave it as like a conceptual hazy. This 79 00:04:37,880 --> 00:04:40,200 Speaker 1: thing's looming on the horizon kind of thing that there's 80 00:04:40,240 --> 00:04:42,840 Speaker 1: a lot of opportunity there not. Our universities and the 81 00:04:42,920 --> 00:04:45,640 Speaker 1: research and development have a lot of opportunities and major 82 00:04:45,720 --> 00:04:49,520 Speaker 1: equities and roles to play in this. Senator Sanders presentation 83 00:04:49,600 --> 00:04:51,800 Speaker 1: on it was a little bit more kind of twentieth 84 00:04:51,839 --> 00:04:54,320 Speaker 1: century was a little bit more kind of doomsday, like 85 00:04:54,400 --> 00:04:56,960 Speaker 1: we just need to do this without the finesse of 86 00:04:57,000 --> 00:05:00,240 Speaker 1: like the economic impact and the economic opportunities that would 87 00:05:00,240 --> 00:05:04,360 Speaker 1: bring about. But I agree with your fundamental analysis that 88 00:05:04,360 --> 00:05:06,400 Speaker 1: that that Biden was trying to push it in the 89 00:05:06,440 --> 00:05:10,400 Speaker 1: direction that are his strengths, which is trying to restore 90 00:05:10,440 --> 00:05:13,640 Speaker 1: some American leadership around this issue since there currently is none, 91 00:05:14,360 --> 00:05:17,599 Speaker 1: and in Senator Warren was looking more domestically. So I 92 00:05:17,600 --> 00:05:19,360 Speaker 1: think you and I are roughly on the same page 93 00:05:19,360 --> 00:05:22,239 Speaker 1: on that one. You know, And and Holly Turner, Republican 94 00:05:22,279 --> 00:05:25,640 Speaker 1: strategist partner at Stampede Consulting. On the Bloomberg terminal, there's 95 00:05:25,680 --> 00:05:29,479 Speaker 1: this great story about the headline written by my colleague 96 00:05:29,520 --> 00:05:33,479 Speaker 1: Aery Natter. Trump rolls back energy requirements for billions of 97 00:05:33,640 --> 00:05:35,719 Speaker 1: light bulbs. And the reason I like this is because 98 00:05:35,720 --> 00:05:39,039 Speaker 1: I think it really captures the Republican argument. Right, And 99 00:05:39,080 --> 00:05:41,040 Speaker 1: we were joking about this a little bit before we 100 00:05:41,080 --> 00:05:44,000 Speaker 1: came on air. But two Republicans who are looking at 101 00:05:44,000 --> 00:05:47,039 Speaker 1: the issue of climate change, they think that the Democrats 102 00:05:47,080 --> 00:05:52,960 Speaker 1: are proposing paper straws and you know, regulations for cheeseburgers 103 00:05:53,279 --> 00:05:55,960 Speaker 1: and so here, according to the Bloomberg Terminal, the Energy 104 00:05:56,040 --> 00:05:59,720 Speaker 1: Department made public a final rule wednesday that withdrew a 105 00:06:00,000 --> 00:06:04,320 Speaker 1: requirement that light bulbs commonly used in recessed lighting, track lighting, 106 00:06:04,360 --> 00:06:08,320 Speaker 1: bathroom vanities, and decorative fixtures meet the same energy efficiency 107 00:06:08,360 --> 00:06:14,000 Speaker 1: standards that effectively phased out the traditional the traditional bulb. 108 00:06:14,320 --> 00:06:16,000 Speaker 1: In other words, they're going to make it easier for 109 00:06:16,040 --> 00:06:18,839 Speaker 1: the light bulbs, right, And you know it just it 110 00:06:18,960 --> 00:06:21,760 Speaker 1: drives me crazy that Republicans get this rap for not 111 00:06:21,880 --> 00:06:27,400 Speaker 1: carrying about people in lower economic um parts of our country. 112 00:06:27,440 --> 00:06:30,040 Speaker 1: But I mean, light bulbs are freaking expensive. If you've 113 00:06:30,080 --> 00:06:31,880 Speaker 1: ever gone to home depot and tried to buy these 114 00:06:31,880 --> 00:06:34,640 Speaker 1: new light bulbs, they're expensive. So this is something that 115 00:06:34,800 --> 00:06:37,839 Speaker 1: the Trump administration is saying, Look, it's not time yet, 116 00:06:37,880 --> 00:06:40,040 Speaker 1: it's too early that maybe the technology is there, but 117 00:06:40,080 --> 00:06:42,960 Speaker 1: it's too expensive right now. And look, on the climate 118 00:06:43,040 --> 00:06:46,200 Speaker 1: change as a whole, it is in My problem with 119 00:06:46,200 --> 00:06:49,000 Speaker 1: what the Democratic candidates had to say is that they 120 00:06:49,080 --> 00:06:51,839 Speaker 1: they're trying to push us to the forefront of this 121 00:06:52,200 --> 00:06:54,839 Speaker 1: climate change agenda and make us make all of the 122 00:06:54,839 --> 00:06:59,240 Speaker 1: sacrifices when we've got places like China and India that 123 00:06:59,320 --> 00:07:03,080 Speaker 1: are contribut it being the majority of the pollution and 124 00:07:03,120 --> 00:07:05,279 Speaker 1: they're they're the ones that are causing all the problems. 125 00:07:05,360 --> 00:07:08,080 Speaker 1: So even if we were to completely eliminate our carbon 126 00:07:08,080 --> 00:07:11,640 Speaker 1: footprint for our whole entire country, it wouldn't make any difference. 127 00:07:11,680 --> 00:07:13,560 Speaker 1: And then you know who I think was was way 128 00:07:13,560 --> 00:07:15,800 Speaker 1: out in front of this in the Republican messaging side 129 00:07:15,840 --> 00:07:20,000 Speaker 1: was actually Carly Fiorina. During the last she said, yes, 130 00:07:20,040 --> 00:07:22,560 Speaker 1: she believes in climate change, but she noted to what 131 00:07:22,640 --> 00:07:26,120 Speaker 1: Holly's point Roger. She noted, Okay, you know, how how 132 00:07:26,360 --> 00:07:29,680 Speaker 1: is putting regulations on light bulbs and straws going to 133 00:07:29,760 --> 00:07:33,200 Speaker 1: make China and India actually step up to the plate 134 00:07:33,240 --> 00:07:35,600 Speaker 1: here and address climate change. This has to be a 135 00:07:35,600 --> 00:07:40,360 Speaker 1: global solution and not just an American one. I completely agree, 136 00:07:40,880 --> 00:07:44,040 Speaker 1: and there's a reason why people all over the world, 137 00:07:44,080 --> 00:07:48,120 Speaker 1: by Marlborough's and Levis and Budweiser right like it or not. 138 00:07:48,680 --> 00:07:51,520 Speaker 1: How we conduct ourselves, how we live our lives, how 139 00:07:51,520 --> 00:07:55,600 Speaker 1: we choose to spend our money, has ramifications and often 140 00:07:55,720 --> 00:07:59,119 Speaker 1: serves as a north star for how people behave around 141 00:07:59,120 --> 00:08:01,840 Speaker 1: the world. And if we're i mean currently obviously now 142 00:08:01,880 --> 00:08:04,680 Speaker 1: it's not a national priority, but were this to be one, 143 00:08:05,360 --> 00:08:07,360 Speaker 1: we would want to be able to say that we're 144 00:08:07,400 --> 00:08:10,200 Speaker 1: being consistent, and it's important when you go to India, 145 00:08:10,240 --> 00:08:11,880 Speaker 1: when you go to China, the other folks that are 146 00:08:11,920 --> 00:08:14,360 Speaker 1: kind of essentially climbing the economic ladder that we are 147 00:08:14,400 --> 00:08:19,480 Speaker 1: somewhat already having surmounted that we are willing to look 148 00:08:19,520 --> 00:08:23,120 Speaker 1: at everything from our missions on through how our daily 149 00:08:23,200 --> 00:08:25,920 Speaker 1: lives go, to our transportation, to our infrastructure. So it 150 00:08:25,960 --> 00:08:28,480 Speaker 1: needs to be a full spectrum thing. No one's saying 151 00:08:28,640 --> 00:08:31,920 Speaker 1: that straws or anything else or light bulbs are going 152 00:08:31,960 --> 00:08:34,360 Speaker 1: to fix it. But as soon as you start to 153 00:08:35,280 --> 00:08:38,400 Speaker 1: create gaps in that full spectrum solution, be like, oh, well, 154 00:08:38,440 --> 00:08:41,000 Speaker 1: it's too early to phase out coal power plants. Even 155 00:08:41,000 --> 00:08:44,200 Speaker 1: though right now in Kentucky they're the biggest energy provider 156 00:08:44,240 --> 00:08:47,240 Speaker 1: and are Blue is literally training their workers for the 157 00:08:47,320 --> 00:08:49,320 Speaker 1: day when they will no longer work in a coal 158 00:08:49,360 --> 00:08:53,640 Speaker 1: power plant. They're doing that, They're not being forced to 159 00:08:53,679 --> 00:08:56,760 Speaker 1: do that, right, Like, let the free market, private sector 160 00:08:56,800 --> 00:08:59,760 Speaker 1: needs to be making these decisions. And look, let's I 161 00:08:59,800 --> 00:09:02,800 Speaker 1: mean we talk about India and places like that. You 162 00:09:02,840 --> 00:09:05,280 Speaker 1: know emissions. Is it a big deal yeah? Or is 163 00:09:05,280 --> 00:09:07,880 Speaker 1: it contributing to pollution? Yes, But look at what it's 164 00:09:07,920 --> 00:09:10,520 Speaker 1: done for people that were living in squalor. I mean, 165 00:09:10,760 --> 00:09:12,760 Speaker 1: now they have access to things that they never had 166 00:09:12,800 --> 00:09:16,800 Speaker 1: access before. So I just I think I would really 167 00:09:16,800 --> 00:09:19,400 Speaker 1: appreciate it if the other side of Democrats would just 168 00:09:19,679 --> 00:09:23,080 Speaker 1: acknowledge it. Look, we all see that something needs to 169 00:09:23,080 --> 00:09:24,760 Speaker 1: be done about this, but it has to be done 170 00:09:24,760 --> 00:09:27,360 Speaker 1: on a global scale, and we can let the free market, 171 00:09:27,440 --> 00:09:30,640 Speaker 1: we can let capitalism step in and and be a 172 00:09:30,640 --> 00:09:33,960 Speaker 1: part of finding solutions to this without the government forcing 173 00:09:33,960 --> 00:09:36,640 Speaker 1: it or paying for it. And it's going to benefit 174 00:09:36,679 --> 00:09:38,680 Speaker 1: it's going to lift everyone up, and it's going to 175 00:09:38,720 --> 00:09:41,960 Speaker 1: solve this problem eventually without putting us at an economic 176 00:09:41,960 --> 00:09:44,880 Speaker 1: Disadvanace I would be thrilled if what we were hearing 177 00:09:44,880 --> 00:09:47,600 Speaker 1: from the administration was as principled as what Holly just 178 00:09:47,640 --> 00:09:50,680 Speaker 1: shared with us now, but the fact is that it's not. 179 00:09:52,120 --> 00:09:54,760 Speaker 1: She's at least willing to embrace the fundamental science here 180 00:09:54,800 --> 00:09:57,320 Speaker 1: which puts her in the minority of her own party. 181 00:09:57,640 --> 00:10:00,280 Speaker 1: There's not a single person in the White House that 182 00:10:00,360 --> 00:10:04,200 Speaker 1: has come out and given credence to the science itself. 183 00:10:04,679 --> 00:10:07,520 Speaker 1: My point with the with inter Blue in Kentucky is 184 00:10:07,559 --> 00:10:10,520 Speaker 1: not about and I agree that letting the market do 185 00:10:11,080 --> 00:10:14,120 Speaker 1: it's will, although one can say the excesses of the 186 00:10:14,120 --> 00:10:16,679 Speaker 1: market brought about, you know, the rivers that could catch 187 00:10:16,720 --> 00:10:18,800 Speaker 1: fire and things like that. But my point in that 188 00:10:18,920 --> 00:10:21,360 Speaker 1: was that the market itself is already seeing this as 189 00:10:21,360 --> 00:10:23,640 Speaker 1: a problem, and the market itself is already seeing this 190 00:10:23,679 --> 00:10:28,400 Speaker 1: as an opportunity. And that's where leadership comes in. That's 191 00:10:28,400 --> 00:10:31,079 Speaker 1: where if you can take if if the private sector 192 00:10:31,160 --> 00:10:33,760 Speaker 1: is already going in that direction, which they clearly are, 193 00:10:34,400 --> 00:10:37,440 Speaker 1: and you can couple that with public leadership, then that's 194 00:10:37,440 --> 00:10:39,400 Speaker 1: how you can really get ahead of this and make 195 00:10:39,440 --> 00:10:42,320 Speaker 1: it an American win, not only domestically but globally. But 196 00:10:42,360 --> 00:10:44,640 Speaker 1: we don't have that leadership, and and I think it'll 197 00:10:44,679 --> 00:10:47,320 Speaker 1: be interesting to see how the business community does that 198 00:10:47,400 --> 00:10:50,440 Speaker 1: because right now, I mean again as someone who interviews 199 00:10:50,559 --> 00:10:52,880 Speaker 1: lawmakers daily, all I see is a green new deal 200 00:10:52,880 --> 00:10:54,480 Speaker 1: and I don't know what the specifics are of it, 201 00:10:54,920 --> 00:10:56,920 Speaker 1: and paper strolls, and I gotta be handed. When I'm 202 00:10:56,920 --> 00:10:58,880 Speaker 1: at a coffee shop and I just want my iced 203 00:10:58,880 --> 00:11:02,559 Speaker 1: coffee and I see a paper straw, I'm like, Oh, 204 00:11:02,640 --> 00:11:06,000 Speaker 1: another paper straw coming up. We're gonna pivots a foreign 205 00:11:06,000 --> 00:11:10,000 Speaker 1: policy panel, stays Roger Fiz colleague turner. John gons is here, 206 00:11:10,080 --> 00:11:13,599 Speaker 1: former speechwriter at the Pentagon and author of White House Warriors, 207 00:11:13,800 --> 00:11:18,000 Speaker 1: How the National Security Council transformed the American Way of War. 208 00:11:18,120 --> 00:11:20,319 Speaker 1: Read it Read it makes a great gift as well. 209 00:11:20,400 --> 00:11:23,760 Speaker 1: Download the Bloomberg Sound On podcast on Apple iTunes, at 210 00:11:23,800 --> 00:11:26,920 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business App. 211 00:11:27,120 --> 00:11:29,280 Speaker 1: You can also find me on Radio dot com, I 212 00:11:29,440 --> 00:11:32,400 Speaker 1: Heart Radio, and Spotify. My name is Kevin Cirelli, Chief 213 00:11:32,400 --> 00:11:35,880 Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio. You are 214 00:11:35,920 --> 00:11:46,800 Speaker 1: listening to Bloomberg. This is Bloomberg Sound On with Kevin 215 00:11:46,840 --> 00:11:51,439 Speaker 1: Surrele on Bloomberg and one oh five point seven h 216 00:11:51,559 --> 00:11:56,080 Speaker 1: D two. I'm Kevin Cirelli, chief Washington correspondent with Bloomberg 217 00:11:56,160 --> 00:12:00,920 Speaker 1: Television and Bloomberg Radio. President Trump's Middle East peace plan 218 00:12:01,200 --> 00:12:04,520 Speaker 1: gets a shake up. The team, the team that is 219 00:12:05,160 --> 00:12:09,679 Speaker 1: putting that together Trump's Middy's peace envoy to exit with 220 00:12:09,760 --> 00:12:12,920 Speaker 1: plans still under wraps. Nick Wadhams and David Wayner, writing 221 00:12:12,920 --> 00:12:16,199 Speaker 1: on the Bloomberg Terminal, a chief architect of President Donald 222 00:12:16,240 --> 00:12:20,400 Speaker 1: Trump's Middle East peace initiative announced he's stepping down, raising 223 00:12:20,480 --> 00:12:23,840 Speaker 1: questions about a diplomatic effort that has been repeatedly delayed. 224 00:12:23,920 --> 00:12:27,000 Speaker 1: Jason Greenblatt, who has worked closely with President Trump's son 225 00:12:27,000 --> 00:12:29,880 Speaker 1: in law Jared Kushner on the Long Promise plans, sent 226 00:12:29,920 --> 00:12:33,160 Speaker 1: in a White House statement Thursday. He's decided to return 227 00:12:33,240 --> 00:12:35,200 Speaker 1: to New Jersey to be closer with his wife and 228 00:12:35,240 --> 00:12:41,280 Speaker 1: six children. Meanwhile, Av Berkowitz and adviser to Kushner and 229 00:12:41,400 --> 00:12:44,680 Speaker 1: State Apartment official Brian Hookey was on the program yesterday. 230 00:12:44,840 --> 00:12:48,040 Speaker 1: He's going to take on an expanded rule role on 231 00:12:48,200 --> 00:12:51,679 Speaker 1: the team. Here with me in studio. A gentleman who 232 00:12:51,679 --> 00:12:54,600 Speaker 1: knows a thing or two about foreign policy. John gonz 233 00:12:54,640 --> 00:12:58,240 Speaker 1: He's former chief speech writer at the Pentagon. He's also 234 00:12:58,280 --> 00:13:00,800 Speaker 1: the author of the new book White House Warriors, How 235 00:13:00,800 --> 00:13:06,400 Speaker 1: the National Security Council Transformed the American Way of War. John, 236 00:13:06,440 --> 00:13:08,440 Speaker 1: thanks for coming back, Thanks so much for having me on. 237 00:13:08,440 --> 00:13:10,520 Speaker 1: All right, so we we I've interviewed Jason Greenblatt, I've 238 00:13:10,520 --> 00:13:14,920 Speaker 1: interviewed Brian Hooky yesterday. In terms of the administration's forum 239 00:13:15,000 --> 00:13:18,520 Speaker 1: policy in the Middle East, how does Jason Greenblatt, who 240 00:13:18,640 --> 00:13:22,360 Speaker 1: is a long time confidante to President Trump, having worked 241 00:13:22,360 --> 00:13:25,520 Speaker 1: with him for decades at the Trump Organizations long time 242 00:13:25,640 --> 00:13:30,760 Speaker 1: Israeli advisor, how does his departure impact the foreign policy 243 00:13:30,800 --> 00:13:34,319 Speaker 1: of the administration. I think, first things first, any Middle 244 00:13:34,320 --> 00:13:38,400 Speaker 1: East peace plan, whether it was written by Barack Obama, 245 00:13:39,040 --> 00:13:43,800 Speaker 1: Hillary Clinton, Bill Clinton, anybody, has struggled to sort of 246 00:13:44,240 --> 00:13:46,000 Speaker 1: deliver on a Middle East peace plan. So it's a 247 00:13:46,080 --> 00:13:49,720 Speaker 1: it's an impossible assignment to start off, um, and to 248 00:13:49,840 --> 00:13:52,160 Speaker 1: do it in a way that the Trump administration has 249 00:13:52,160 --> 00:13:53,920 Speaker 1: attempted to do. It has been done before, right, Like 250 00:13:54,000 --> 00:13:56,160 Speaker 1: to try and keep this under wraps, to keep it 251 00:13:56,200 --> 00:13:58,400 Speaker 1: from linking, to keep it from going public, and trying 252 00:13:58,440 --> 00:14:01,400 Speaker 1: to develop a holistic solution to one of the stickiest 253 00:14:01,440 --> 00:14:04,040 Speaker 1: problems in international relations is a tough thing to do. 254 00:14:04,679 --> 00:14:07,120 Speaker 1: The hope was um that having somebody close to the 255 00:14:07,120 --> 00:14:10,960 Speaker 1: president and somebody with allies in the region would be helpful. Um. 256 00:14:11,000 --> 00:14:14,200 Speaker 1: I don't think that it has particularly born fruit. You know, 257 00:14:14,280 --> 00:14:17,200 Speaker 1: Jason Greenlight' appointment hasn't exactly born fruit. The plan isn't 258 00:14:17,240 --> 00:14:21,160 Speaker 1: exactly public. Uh, there's been some leaks and some suggestions 259 00:14:21,200 --> 00:14:22,920 Speaker 1: of what they're gonna do, but it's still not public, 260 00:14:23,120 --> 00:14:25,280 Speaker 1: so it hasn't really born fruit. The plan of making 261 00:14:25,280 --> 00:14:27,440 Speaker 1: it informal, keeping it under wraps, and giving it to 262 00:14:27,440 --> 00:14:32,640 Speaker 1: a close presidential friend. His replacement is pretty junior um 263 00:14:32,760 --> 00:14:35,080 Speaker 1: and probably doesn't have the relationship with the president of 264 00:14:35,080 --> 00:14:36,760 Speaker 1: relationships with the region. So I don't think it's going 265 00:14:36,800 --> 00:14:39,000 Speaker 1: to get more likely to happen. But this sort of 266 00:14:39,040 --> 00:14:41,600 Speaker 1: shows you that the sort of ad hoc informal way 267 00:14:41,640 --> 00:14:44,520 Speaker 1: that the Trump administrations try to try to make foreign 268 00:14:44,560 --> 00:14:49,360 Speaker 1: policy UM is not um bearing fruit on the farm 269 00:14:49,440 --> 00:14:52,280 Speaker 1: policy decisions, whether it's in China, in the Middle East, Afghanistan, anyway. 270 00:14:52,360 --> 00:14:56,600 Speaker 1: But but but taking away the administration for a second 271 00:14:56,640 --> 00:14:59,240 Speaker 1: and looking at the domestic dialogue here in the United 272 00:14:59,280 --> 00:15:02,400 Speaker 1: States pertaining to Middle Eastern policy, there is now an 273 00:15:02,480 --> 00:15:07,120 Speaker 1: open debate, an open debate within the Democratic Party about 274 00:15:07,120 --> 00:15:10,560 Speaker 1: support for one our most important ally in the region, Israel, 275 00:15:11,120 --> 00:15:15,640 Speaker 1: and how has that impacted how is the how is 276 00:15:15,680 --> 00:15:19,240 Speaker 1: the state of play in domestic American politics? Taking the 277 00:15:19,280 --> 00:15:22,040 Speaker 1: debate of AOC and the like UH in the Democratic 278 00:15:22,040 --> 00:15:26,000 Speaker 1: Party with regards to the Democratic leadership and Speaker Pelosi 279 00:15:26,040 --> 00:15:30,680 Speaker 1: and support for Israel coupled with the administration strategy. How 280 00:15:30,720 --> 00:15:35,640 Speaker 1: has that impacted the broader geopolitical landscape in the region. Well, 281 00:15:35,680 --> 00:15:38,200 Speaker 1: I think it's a good question that the United States 282 00:15:38,600 --> 00:15:41,800 Speaker 1: is going through a momentary moment where it's actually trying 283 00:15:41,840 --> 00:15:43,640 Speaker 1: to sort of do a little soul searching on its 284 00:15:43,640 --> 00:15:47,440 Speaker 1: relationship with Israel, especially in the Democratic Party. But I 285 00:15:47,440 --> 00:15:49,640 Speaker 1: think there's less of a debate within the Republican Party. 286 00:15:49,880 --> 00:15:52,680 Speaker 1: But there's certainly this moment of soul searching, and that's 287 00:15:52,680 --> 00:15:54,960 Speaker 1: actually could be a moment of opportunities. Is it soul 288 00:15:55,000 --> 00:15:59,480 Speaker 1: searching or is it a temper tantrum one person soul searching? 289 00:15:59,720 --> 00:16:02,080 Speaker 1: You know, I would never call my son's UH temper 290 00:16:02,120 --> 00:16:05,920 Speaker 1: tanture soul searching, but I can certainly appreciate the difference. 291 00:16:06,000 --> 00:16:10,320 Speaker 1: I do think, UM that the issue of Israel and 292 00:16:10,360 --> 00:16:13,160 Speaker 1: the way that to a degree Israel has conducted its 293 00:16:13,160 --> 00:16:15,960 Speaker 1: affairs the Middle East is geopolitical landscape has changed, and 294 00:16:16,000 --> 00:16:19,240 Speaker 1: the Trump administration has approached Israel has created UH a 295 00:16:20,120 --> 00:16:24,920 Speaker 1: sort of probably um exacerbated the division in the Democratic 296 00:16:24,960 --> 00:16:28,200 Speaker 1: Party over America's relationship with Israel. UM. And I think 297 00:16:28,320 --> 00:16:31,360 Speaker 1: aoc and and some of the other younger Democrats are 298 00:16:31,400 --> 00:16:34,680 Speaker 1: more willing to question America's sort of binding relationship with Israel. 299 00:16:34,920 --> 00:16:37,800 Speaker 1: In theory, that could have presented an opportunity for President 300 00:16:37,800 --> 00:16:39,680 Speaker 1: Trump at home to be able to sort of peel 301 00:16:39,720 --> 00:16:43,360 Speaker 1: off and Democrats to support an ambitious peace plan. Um. 302 00:16:43,440 --> 00:16:47,040 Speaker 1: But it's one complicating factor among many and trying to 303 00:16:47,080 --> 00:16:50,160 Speaker 1: get a peace plant done behind closed doors, right, um. 304 00:16:50,400 --> 00:16:52,480 Speaker 1: And so I think it's one of those ones that 305 00:16:52,720 --> 00:16:56,400 Speaker 1: is probably why this has probably been doomed from the start, 306 00:16:56,640 --> 00:16:58,960 Speaker 1: um in the sense that but we shouldn't be hoping 307 00:16:58,960 --> 00:17:00,640 Speaker 1: that it's doomed from the start, right We should be. 308 00:17:00,880 --> 00:17:03,200 Speaker 1: We should, no matter who the president is, be rooting 309 00:17:03,280 --> 00:17:06,120 Speaker 1: for there to be a piece, a successful peace plan 310 00:17:06,200 --> 00:17:08,439 Speaker 1: that has eclipsed everywhere. You can't blame them for trying, 311 00:17:08,800 --> 00:17:10,760 Speaker 1: for sure, And I don't blame them for trying. I 312 00:17:10,800 --> 00:17:13,680 Speaker 1: think this The one thing I've says is that, Um, 313 00:17:13,760 --> 00:17:15,800 Speaker 1: the problem with bringing sort of people in who aren't 314 00:17:15,880 --> 00:17:18,000 Speaker 1: used to foreign policy is that they don't always know 315 00:17:18,040 --> 00:17:20,080 Speaker 1: the history of it, which is Ronald Reagan tried a 316 00:17:20,119 --> 00:17:22,720 Speaker 1: similar deal in the nineteen eighties called the Reagan Initiative. 317 00:17:22,920 --> 00:17:25,919 Speaker 1: There was basically an attempt to try and create a 318 00:17:25,920 --> 00:17:29,000 Speaker 1: peace plan behind closed doors that was basically going to 319 00:17:29,080 --> 00:17:31,200 Speaker 1: be presented as a fatal complete to all the people 320 00:17:31,240 --> 00:17:32,960 Speaker 1: in the United States Congress as well as the people 321 00:17:33,000 --> 00:17:34,680 Speaker 1: in the region, their leaders in the region. And it 322 00:17:34,680 --> 00:17:36,720 Speaker 1: eventually got to the point where everybody came to the 323 00:17:36,720 --> 00:17:39,160 Speaker 1: conclusion that they couldn't trust the deal that was getting made, 324 00:17:39,200 --> 00:17:42,360 Speaker 1: and the minute it got oxygen, it was killed. Right. Interesting, 325 00:17:42,560 --> 00:17:44,600 Speaker 1: So the history of this shows how hard it is 326 00:17:44,840 --> 00:17:47,760 Speaker 1: um and to a degree, I think Trump, by trying 327 00:17:47,760 --> 00:17:49,440 Speaker 1: to do this the way he's done it has actually 328 00:17:49,600 --> 00:17:52,840 Speaker 1: probably missed an opportunity to sort of divide the Democrats 329 00:17:52,880 --> 00:17:55,320 Speaker 1: and score Democratic support for his police. I was I 330 00:17:55,359 --> 00:17:57,800 Speaker 1: was meeting with a Democratic consultant the other week, and 331 00:17:57,840 --> 00:18:00,199 Speaker 1: they were talking to me just about even in the 332 00:18:00,200 --> 00:18:03,600 Speaker 1: Clinton administration, that meeting with Yasaur Era fat at the 333 00:18:03,640 --> 00:18:08,480 Speaker 1: White House, how that really at the time for Democrats, 334 00:18:08,560 --> 00:18:13,159 Speaker 1: especially Democrats who are Jewish, and how just how that 335 00:18:13,280 --> 00:18:17,480 Speaker 1: was incredibly controversial. So, you know, I think it's it's 336 00:18:17,480 --> 00:18:19,439 Speaker 1: of course, we have to look at the moment of 337 00:18:19,480 --> 00:18:21,840 Speaker 1: time that we're in. But if you look back, as 338 00:18:21,880 --> 00:18:25,720 Speaker 1: you know better than anyone, Um John Conns just being 339 00:18:26,000 --> 00:18:29,280 Speaker 1: you know, historian on these issues, this is it's not 340 00:18:29,480 --> 00:18:33,480 Speaker 1: new nor unique in American politics. That this is incredibly 341 00:18:33,560 --> 00:18:36,640 Speaker 1: delicate of the situation. Uh. And that and the passions 342 00:18:36,680 --> 00:18:38,800 Speaker 1: are running high with regards to this. I want to 343 00:18:38,880 --> 00:18:42,320 Speaker 1: change it up quickly because James Matt James Maddis has 344 00:18:42,359 --> 00:18:45,600 Speaker 1: been making the rounds with his new book and he 345 00:18:45,680 --> 00:18:49,359 Speaker 1: spoke at the Council on Foreign Relations. He's ripping Donald Trump, 346 00:18:49,400 --> 00:18:53,840 Speaker 1: He's ripping Barack Obama, he's ripping George Bush. What's Jim 347 00:18:53,920 --> 00:18:57,600 Speaker 1: Maddis is? Uh? Former Defense Secretary Jim Maddis, what is 348 00:18:57,680 --> 00:19:00,240 Speaker 1: his motive? Why is he being so critic call on 349 00:19:00,320 --> 00:19:02,760 Speaker 1: all of these presidents? What's what's his what's his what's 350 00:19:02,760 --> 00:19:04,920 Speaker 1: his eye on? Well, two things I'd say is he's 351 00:19:04,960 --> 00:19:08,679 Speaker 1: actually proving how good a defense secretary was because he 352 00:19:08,760 --> 00:19:11,920 Speaker 1: is basically blocking any attempt to get him to talk 353 00:19:11,920 --> 00:19:14,679 Speaker 1: about Donald Trump. So he's being critical, but he is 354 00:19:14,720 --> 00:19:18,080 Speaker 1: dodging every question and defending and blocking every question on 355 00:19:18,119 --> 00:19:21,560 Speaker 1: Donald Trump because he doesn't want to engage and uh 356 00:19:21,640 --> 00:19:23,159 Speaker 1: sort of spill the beans on what he says. He 357 00:19:23,160 --> 00:19:25,879 Speaker 1: says he's quote unquote old fashioned and doesn't want to 358 00:19:25,920 --> 00:19:30,600 Speaker 1: criticize and sitting president. But he has shown no problem 359 00:19:30,640 --> 00:19:34,040 Speaker 1: criticizing Barack Obama, president, who did in fact relieve him 360 00:19:34,080 --> 00:19:37,040 Speaker 1: of duty um when he was working in the Middle East, 361 00:19:37,080 --> 00:19:39,439 Speaker 1: so in two thou thirteen. And I think one of 362 00:19:39,480 --> 00:19:40,920 Speaker 1: the things that he's doing is he's trying to sell 363 00:19:41,000 --> 00:19:43,080 Speaker 1: book a book deal that he made in two thousand 364 00:19:43,160 --> 00:19:45,480 Speaker 1: thirteen when he left uniform for the first time. And 365 00:19:45,480 --> 00:19:46,919 Speaker 1: it was kind of an odd book deal, right. He 366 00:19:46,920 --> 00:19:49,080 Speaker 1: obviously got a book that was supposed to be about 367 00:19:49,160 --> 00:19:51,160 Speaker 1: being a marine, and he wrote a book about being 368 00:19:51,160 --> 00:19:52,560 Speaker 1: a marine. And I just finished it on the train 369 00:19:52,640 --> 00:19:55,000 Speaker 1: ride down. And it's a good book on being a marine. 370 00:19:55,040 --> 00:19:59,399 Speaker 1: It is not a book call Signed Chaos, Learning to Lead, 371 00:19:59,680 --> 00:20:01,359 Speaker 1: and it's book about being a marine. And it's a 372 00:20:01,440 --> 00:20:03,840 Speaker 1: very interesting book about a young marine, a young kid, 373 00:20:04,119 --> 00:20:06,280 Speaker 1: and there's a really compelling story there. And there's a 374 00:20:06,280 --> 00:20:08,840 Speaker 1: reason Jim Madis is compelling is that he was a 375 00:20:08,880 --> 00:20:10,800 Speaker 1: guy who was a bit of a never do well 376 00:20:10,920 --> 00:20:13,800 Speaker 1: who basically landed in the Marines and changed his life 377 00:20:13,800 --> 00:20:15,560 Speaker 1: and he changed history. He was in the Gulf wars 378 00:20:15,600 --> 00:20:18,760 Speaker 1: in the rock. He was in Afghanistan, but he doesn't 379 00:20:18,800 --> 00:20:21,280 Speaker 1: engage with the very simple thing he has done for 380 00:20:21,320 --> 00:20:23,080 Speaker 1: the past two and a half years or so, which 381 00:20:23,160 --> 00:20:25,879 Speaker 1: was be Donald Trump's defense. To your point, take a 382 00:20:25,920 --> 00:20:28,920 Speaker 1: listen to former Defense Secretary James Madison Fox and Friends 383 00:20:28,920 --> 00:20:32,359 Speaker 1: earlier this week. Here is this president, the Secretary of State, 384 00:20:32,480 --> 00:20:36,240 Speaker 1: the secretary of Defense. Uh, they have big responsibilities right now, 385 00:20:36,600 --> 00:20:39,879 Speaker 1: and I don't believe that that I add anything to 386 00:20:40,000 --> 00:20:44,240 Speaker 1: it by representing uh contrary views or something like this. 387 00:20:44,359 --> 00:20:46,119 Speaker 1: There'll come a time when it's right for me to 388 00:20:46,160 --> 00:20:51,240 Speaker 1: talk about strategy and policy. An independence coming up, Panel Reacts, 389 00:20:51,320 --> 00:20:54,400 Speaker 1: Roger Fiz, Collie Turner, John Guns. You're gonna stick around 390 00:20:54,480 --> 00:20:57,560 Speaker 1: and stock search today, Bonds tumble on trade talks, and 391 00:20:57,680 --> 00:21:00,160 Speaker 1: data will dive into the trade war and the latest 392 00:21:00,359 --> 00:21:03,280 Speaker 1: latest data points on its impacts on domestic politics. I'm 393 00:21:03,359 --> 00:21:12,159 Speaker 1: Kevin Surreli. You're listening to Bloomberg. You're listening to Bloomberg. 394 00:21:12,240 --> 00:21:16,360 Speaker 1: Sound On with Kevin Surrele on Bloomberg and one oh 395 00:21:16,400 --> 00:21:19,960 Speaker 1: five point seven m h D two. Kevin Cirelli, Chief 396 00:21:20,000 --> 00:21:23,040 Speaker 1: Washington correspondent from Bloomberg Television and Bloomberg Brady. Heell, look, 397 00:21:23,040 --> 00:21:25,119 Speaker 1: I know I'm based in Washington, but I am rooting 398 00:21:25,119 --> 00:21:29,200 Speaker 1: for the Philadelphia Eagles this weekend against the Washington Redskins. 399 00:21:29,600 --> 00:21:32,280 Speaker 1: I'm sorry, but it's it's my Eagles, and I will 400 00:21:32,320 --> 00:21:35,720 Speaker 1: never be rooting for the Washington Redskins. That's just who 401 00:21:35,720 --> 00:21:38,800 Speaker 1: I am. I apologize. Actually, I don't joining me here 402 00:21:38,840 --> 00:21:41,800 Speaker 1: to talk all things policy and politics, not a sport show. 403 00:21:42,119 --> 00:21:46,320 Speaker 1: Roger Fisk Democratic strategists, a Patriots fan, longtime Obama aide, 404 00:21:46,359 --> 00:21:48,960 Speaker 1: and principle of New Day Strategy. Holly Turner, are you 405 00:21:50,000 --> 00:21:57,680 Speaker 1: not really but cowboys? I'm from I know, Republican strategist 406 00:21:57,760 --> 00:22:00,800 Speaker 1: and partner at Stampede consult Seeing. And John gons is 407 00:22:00,800 --> 00:22:03,560 Speaker 1: sticking around. He's the former chief speech writer at the Pentagon, 408 00:22:03,640 --> 00:22:05,760 Speaker 1: author of the book White House Warriors, How the National 409 00:22:05,800 --> 00:22:09,359 Speaker 1: Security Council transformed the American way of war. Holly, you 410 00:22:09,480 --> 00:22:12,200 Speaker 1: used to work at sp A in the Small Business 411 00:22:12,240 --> 00:22:16,200 Speaker 1: Association in the Trump administration. Stocks had a good day today. 412 00:22:16,680 --> 00:22:20,639 Speaker 1: US stocks surging and treasuries tumbled after a raft of 413 00:22:20,800 --> 00:22:25,680 Speaker 1: data bolstered confidence in the American economy and trade tensions eased. 414 00:22:26,160 --> 00:22:28,960 Speaker 1: The SMP five hundred jumped to a five week high 415 00:22:29,080 --> 00:22:32,400 Speaker 1: led by tech shares after China and the US agreed 416 00:22:32,440 --> 00:22:35,080 Speaker 1: to trade talks early next month. Okay, that's from the 417 00:22:35,119 --> 00:22:38,080 Speaker 1: Bloomberg terminal. I gotta be honest, I covered this from 418 00:22:38,080 --> 00:22:41,000 Speaker 1: Bloomberg Television all day. Every time there's like an inkling 419 00:22:41,400 --> 00:22:44,200 Speaker 1: of trade news, that's like they're gonna talk stock search. 420 00:22:44,400 --> 00:22:47,440 Speaker 1: But where do things stand on the US China trade front? 421 00:22:47,880 --> 00:22:51,919 Speaker 1: So look, it's it's tough right now, right like the 422 00:22:51,960 --> 00:22:56,440 Speaker 1: President is making some really tough choices, um, but it's 423 00:22:56,520 --> 00:22:59,560 Speaker 1: for the long term economic health of our country, and 424 00:22:59,640 --> 00:23:02,280 Speaker 1: so it's hard. It's hard to see some of our 425 00:23:02,320 --> 00:23:05,919 Speaker 1: sectors suffer under this. But ultimately we have to regain 426 00:23:05,960 --> 00:23:10,080 Speaker 1: our leverage. And you know he obviously he's thinking about 427 00:23:10,080 --> 00:23:12,919 Speaker 1: the election in and so I I predict that we 428 00:23:12,960 --> 00:23:17,040 Speaker 1: will see him continue, um to hold his ground on 429 00:23:17,080 --> 00:23:20,840 Speaker 1: these talks, and then as we get into end of September, 430 00:23:21,240 --> 00:23:25,520 Speaker 1: will probably see us Okay, wherever we are in these negotiations, 431 00:23:25,640 --> 00:23:29,400 Speaker 1: let's just sign right here for as turbulent, for lack 432 00:23:29,440 --> 00:23:32,080 Speaker 1: of a better better word, as the US China trade 433 00:23:32,080 --> 00:23:35,160 Speaker 1: talks have been. Consistently for the past two months, we've 434 00:23:35,200 --> 00:23:39,280 Speaker 1: been reporting that the China delegation would be coming to 435 00:23:39,400 --> 00:23:43,760 Speaker 1: the United States in September, and that that calendar date 436 00:23:43,800 --> 00:23:46,680 Speaker 1: has now been set and that is still going to occur. 437 00:23:47,160 --> 00:23:51,480 Speaker 1: That would appear Roger Fisk, Democratic strategist, that they're still 438 00:23:51,480 --> 00:23:55,360 Speaker 1: moving along, They're still trucking along, despite those tariffs going 439 00:23:55,400 --> 00:23:59,159 Speaker 1: into effect earlier this month and the threat of additional 440 00:23:59,160 --> 00:24:01,639 Speaker 1: tariffs on a hundred and sixty billion dollars worth the 441 00:24:01,720 --> 00:24:06,439 Speaker 1: Chinese imports setigo in effect in mid December. Well, in 442 00:24:06,560 --> 00:24:10,840 Speaker 1: classic Trumpian fashion, a lot of noise, a lot of chaos, 443 00:24:10,920 --> 00:24:14,000 Speaker 1: and we've come back to the beginning because the deliverable 444 00:24:14,040 --> 00:24:16,720 Speaker 1: that's coming out of the Vice premiers trip they always 445 00:24:16,760 --> 00:24:18,800 Speaker 1: come in October. By the way, this is nothing new 446 00:24:19,520 --> 00:24:23,960 Speaker 1: specifically October's and odd years, is that they're going to 447 00:24:24,000 --> 00:24:27,160 Speaker 1: resume mid level talks. And what those mid level talks 448 00:24:27,240 --> 00:24:29,280 Speaker 1: used to be known as we're two things, the Security 449 00:24:29,320 --> 00:24:32,760 Speaker 1: and Economic Dialogue and the Joint Commission on Commerce and Trade, 450 00:24:32,800 --> 00:24:35,320 Speaker 1: both of which don't necessarily date all the way back 451 00:24:35,359 --> 00:24:38,960 Speaker 1: to the Nixon administration, but they're essentially the legacies. They're 452 00:24:39,000 --> 00:24:42,439 Speaker 1: up there, the children of that initial detent between our 453 00:24:42,480 --> 00:24:47,360 Speaker 1: two countries. Those were suspended because Mr I alone can 454 00:24:47,440 --> 00:24:49,440 Speaker 1: fix it, came in and thought that he didn't need 455 00:24:49,840 --> 00:24:53,439 Speaker 1: any kind of career staff or experts or people that 456 00:24:53,560 --> 00:24:57,040 Speaker 1: deal on a on a assistant secretary level with China. 457 00:24:57,119 --> 00:24:59,160 Speaker 1: There used to be working group meetings that would meet 458 00:24:59,440 --> 00:25:01,440 Speaker 1: almost monthily to do all this, and those were all 459 00:25:01,480 --> 00:25:04,439 Speaker 1: suspended at the beginning of the Trump administration because he 460 00:25:04,520 --> 00:25:07,080 Speaker 1: alone could fix it. So, in a sense, I'm thrilled 461 00:25:07,119 --> 00:25:10,639 Speaker 1: to hear him come back around to embracing the framework 462 00:25:10,680 --> 00:25:13,000 Speaker 1: of all these experts that are hiding in plain sight, 463 00:25:13,119 --> 00:25:16,760 Speaker 1: that desperately want to contribute to the success of this country. 464 00:25:16,920 --> 00:25:20,159 Speaker 1: But at least we've gotten past this bombastic my personality 465 00:25:20,240 --> 00:25:23,080 Speaker 1: is going to those career bureaucrats accomplished over the past 466 00:25:23,119 --> 00:25:25,840 Speaker 1: few decades. Let me ask you a question, Holly Turner, 467 00:25:26,000 --> 00:25:28,920 Speaker 1: just putting on your your previous title for a second. 468 00:25:29,080 --> 00:25:31,440 Speaker 1: The Small Business Association. One of the lines that I've 469 00:25:31,440 --> 00:25:33,840 Speaker 1: heard from administration officials and from the White House recently 470 00:25:34,119 --> 00:25:37,879 Speaker 1: has been that tariffs have been a source of revenue 471 00:25:38,520 --> 00:25:42,359 Speaker 1: for Americans. Look, you and I know this. The farmers 472 00:25:42,440 --> 00:25:44,359 Speaker 1: don't like the tariffs. They're not deserving the president from 473 00:25:44,359 --> 00:25:48,640 Speaker 1: a political implication, but businesses small business, medium business, farmers 474 00:25:48,640 --> 00:25:51,960 Speaker 1: down like the tariffs. Can the administration keep peddling this 475 00:25:52,119 --> 00:25:54,800 Speaker 1: line that tariffs are a source of revenue and actually 476 00:25:54,880 --> 00:26:03,000 Speaker 1: helping this It's hard, Okay, So some actors maybe that works, right, like, hey, 477 00:26:03,080 --> 00:26:06,280 Speaker 1: we're going to we're gonna this is gonna benefit you 478 00:26:06,280 --> 00:26:08,000 Speaker 1: in some way. There are there are some sectors that 479 00:26:08,040 --> 00:26:10,120 Speaker 1: are definitely being hurt by this, and it's a hard 480 00:26:10,160 --> 00:26:14,119 Speaker 1: line to swallow. Um. Overall, I think with the President's 481 00:26:14,160 --> 00:26:17,359 Speaker 1: trying to highlight is the revenue that's coming into the country, right, 482 00:26:17,440 --> 00:26:19,920 Speaker 1: and so can we take that revenue like they did 483 00:26:19,920 --> 00:26:22,159 Speaker 1: with the farm aid package, and can we put it 484 00:26:22,160 --> 00:26:24,399 Speaker 1: back into some of these industries that are that are 485 00:26:24,440 --> 00:26:27,439 Speaker 1: suffering temporary just to temporarily boost them up until we 486 00:26:27,480 --> 00:26:31,200 Speaker 1: get this resolved. It's hard. I appreciate that. I appreciate 487 00:26:31,200 --> 00:26:32,800 Speaker 1: the honesty there. All Right, coming up, we're gonna do 488 00:26:32,880 --> 00:26:35,760 Speaker 1: what's on the Panel's radar, where we dive into lesser 489 00:26:35,800 --> 00:26:37,960 Speaker 1: known stories and we'll give you the latest on Brexit 490 00:26:38,040 --> 00:26:41,040 Speaker 1: as well. I'm Kevin Cirelli, Panel stays, Roger fitzc Collie Turner, 491 00:26:41,080 --> 00:26:44,000 Speaker 1: John Gons. Download The Boomberg Sound On podcast on Apple 492 00:26:44,040 --> 00:26:46,680 Speaker 1: iTunes at Bloomberg dot com or by downloading the Bloomberg 493 00:26:46,720 --> 00:26:49,120 Speaker 1: Business app. You can also find us on Radio dot com, 494 00:26:49,160 --> 00:26:58,280 Speaker 1: I Heart Radio and Spotify. You're listening to Bloomberg. This 495 00:26:58,560 --> 00:27:03,760 Speaker 1: is Bloomberg Sound On with Kevin surl on Bloomberg and 496 00:27:03,840 --> 00:27:06,920 Speaker 1: one oh five point seven m h D two. I'm 497 00:27:07,000 --> 00:27:11,359 Speaker 1: Kevin Curreli, Chief Washington correspondent for Bloomberg Television and Bloomberg Radio. 498 00:27:13,119 --> 00:27:17,720 Speaker 1: Roger Fisk is here, Democratic Strategies, longtime Obama aid principle 499 00:27:17,760 --> 00:27:20,520 Speaker 1: of New Days strategy, Holly Turner of Republican Strategies. How 500 00:27:20,520 --> 00:27:24,080 Speaker 1: do you like your first time on Bloomberg Radio? Good? 501 00:27:24,280 --> 00:27:26,800 Speaker 1: Don't you come back? Of course? Roger? Would you come back? 502 00:27:27,160 --> 00:27:31,240 Speaker 1: I'm not leaving. And John Gonnes is here. He's a 503 00:27:31,280 --> 00:27:34,080 Speaker 1: former chief speech writer at the Pentagon, author of White 504 00:27:34,160 --> 00:27:38,960 Speaker 1: House Warriors, How the National Security Council Transformed the American 505 00:27:39,000 --> 00:27:42,600 Speaker 1: Way of War. Philly Guy, Philly Guy. Your professor at 506 00:27:42,800 --> 00:27:46,119 Speaker 1: what's Penn State University? Oh, I've heard of it. I 507 00:27:46,160 --> 00:27:49,080 Speaker 1: went to Penn State, but you know University of Pennsylvania, 508 00:27:49,119 --> 00:27:51,840 Speaker 1: great school. Have heard of it? Uh to a great city. 509 00:27:51,920 --> 00:27:54,560 Speaker 1: We're gonna do this. Doing a great job at the 510 00:27:54,600 --> 00:27:56,679 Speaker 1: set up for this segment. Everybody, Um, we're gonna do 511 00:27:56,720 --> 00:27:58,439 Speaker 1: this this segment now where we do one thing on 512 00:27:58,520 --> 00:28:00,520 Speaker 1: your radar? What's on your radar? I'm going to start 513 00:28:00,520 --> 00:28:03,000 Speaker 1: with Holly Turner, what is on your radar? So what's 514 00:28:03,000 --> 00:28:07,120 Speaker 1: on my radar today is this Hollywood blacklist that's coming out, 515 00:28:07,160 --> 00:28:10,720 Speaker 1: the Trump List, And I'm I haven't heard of this, 516 00:28:10,920 --> 00:28:15,800 Speaker 1: so that several actors have have put together a list 517 00:28:15,840 --> 00:28:18,960 Speaker 1: and they're asking other people to basically docks Trump supporters 518 00:28:19,480 --> 00:28:23,400 Speaker 1: and make the list public so that their businesses are boycotted. 519 00:28:23,960 --> 00:28:27,200 Speaker 1: And I have mixed feelings, right because on one hand, 520 00:28:27,320 --> 00:28:29,320 Speaker 1: this is America, and you're free to do what you want, 521 00:28:29,400 --> 00:28:31,480 Speaker 1: you're free to say what you want. But on the 522 00:28:31,520 --> 00:28:35,439 Speaker 1: other hand, it's just so divisive and it's going to 523 00:28:35,480 --> 00:28:39,600 Speaker 1: cost people businesses and cost people jobs. And I am 524 00:28:39,880 --> 00:28:43,360 Speaker 1: it is it's just to me, this is the Democratic Party, 525 00:28:43,480 --> 00:28:46,520 Speaker 1: the anger and the rage. So they're saying, wait, so 526 00:28:46,520 --> 00:28:50,120 Speaker 1: so there's a list in Hollywood, Well, it originated, the 527 00:28:50,200 --> 00:28:53,479 Speaker 1: idea originated their Debor Messing and some of and some 528 00:28:53,560 --> 00:28:56,200 Speaker 1: of the lists of Alana of course jumped on real quickly. 529 00:28:56,240 --> 00:28:59,640 Speaker 1: So so Deborah Messing is calling for there to be 530 00:28:59,680 --> 00:29:04,120 Speaker 1: a black of donors any supporters. It's like the cycle thing. 531 00:29:04,720 --> 00:29:09,320 Speaker 1: So if you support, if you're supportive, it's exhausting, right, 532 00:29:09,440 --> 00:29:12,160 Speaker 1: I mean, but it's also not unique to politics, right, 533 00:29:12,200 --> 00:29:14,560 Speaker 1: because we're in this culture. Remember when Kendall Jenner at 534 00:29:14,560 --> 00:29:17,400 Speaker 1: the pepsiad. I mean, we're in this culture. We're brands 535 00:29:17,440 --> 00:29:22,600 Speaker 1: and corporations and politicians. I know it feels unique to politics, 536 00:29:22,600 --> 00:29:26,120 Speaker 1: but it actually is indicative of a larger social media trend, 537 00:29:26,320 --> 00:29:30,840 Speaker 1: of of the rage culture that we cancel culture that 538 00:29:30,880 --> 00:29:32,520 Speaker 1: we find. I just feel like it's one sided. I 539 00:29:32,520 --> 00:29:35,600 Speaker 1: feel like all the rage is really coming from the left, 540 00:29:36,040 --> 00:29:38,200 Speaker 1: and all of it, the majority of it's coming from 541 00:29:38,240 --> 00:29:42,080 Speaker 1: the left, I personally, and a lot of Republicans I know, 542 00:29:42,560 --> 00:29:46,720 Speaker 1: which I'm trying to like, let's go support businesses and 543 00:29:46,800 --> 00:29:50,120 Speaker 1: let's show them that we're good people. Let's quote Taylor Swift. 544 00:29:50,320 --> 00:29:54,360 Speaker 1: It's a quote Taylor Swift. Shake it off, Roger, what's 545 00:29:54,360 --> 00:29:55,800 Speaker 1: on your radar? That was a good one, that was ad, 546 00:29:55,960 --> 00:29:59,480 Speaker 1: What's on your radar? I'm fascinated with this country that 547 00:29:59,480 --> 00:30:01,280 Speaker 1: we get to even and I stumbled on a really 548 00:30:01,320 --> 00:30:06,240 Speaker 1: interesting stat lately of venture capital in the US go 549 00:30:06,320 --> 00:30:08,560 Speaker 1: to three states and would anyone like to guess what 550 00:30:08,600 --> 00:30:15,680 Speaker 1: those are? New York correct, California correct, Virginia, Massachusetts, which 551 00:30:15,720 --> 00:30:17,720 Speaker 1: I think we could all agree as the most consequential 552 00:30:17,720 --> 00:30:21,000 Speaker 1: state in the Union. Um. But it's interesting for me 553 00:30:21,080 --> 00:30:25,920 Speaker 1: because it shines a very interesting light on the difference 554 00:30:25,960 --> 00:30:29,640 Speaker 1: between cultural conservatives and fiscal conservatives. Were told over and 555 00:30:29,760 --> 00:30:33,760 Speaker 1: over that the coastal states aren't part of real America 556 00:30:33,840 --> 00:30:37,280 Speaker 1: or something, which in the case of Massachusetts, if Massachusetts 557 00:30:37,320 --> 00:30:39,720 Speaker 1: hadn't conducted itself the way it did two and forty 558 00:30:39,760 --> 00:30:42,680 Speaker 1: years ago, this country would look very differently. So I've 559 00:30:42,720 --> 00:30:44,600 Speaker 1: never bought into that narrative, but I find it very 560 00:30:44,600 --> 00:30:48,160 Speaker 1: interesting that when all the talk and all the bluster 561 00:30:48,600 --> 00:30:52,320 Speaker 1: is gone, look where the money goes. And it rewards 562 00:30:52,360 --> 00:30:58,480 Speaker 1: absurdly high standards for public education, it rewards uh environmental standards, 563 00:30:58,760 --> 00:31:01,440 Speaker 1: it rewards all kinds of things that are that are 564 00:31:01,480 --> 00:31:04,800 Speaker 1: that are cast about as not part of real America. 565 00:31:05,240 --> 00:31:08,000 Speaker 1: But the dollars don't lie. And it's very interesting that 566 00:31:09,080 --> 00:31:12,360 Speaker 1: the VC And then I learned something, Thank you Roger 567 00:31:12,400 --> 00:31:14,440 Speaker 1: for sure that that's why I'm here. And John Guns, 568 00:31:14,520 --> 00:31:17,760 Speaker 1: what is on your radar? It's hard to top Hollywood 569 00:31:17,800 --> 00:31:20,320 Speaker 1: blacklists and other things. But I, uh, you know, I 570 00:31:20,400 --> 00:31:22,960 Speaker 1: started off my Labor Day weekend and was looking forward 571 00:31:22,960 --> 00:31:25,280 Speaker 1: a few days at the Jersey Shore with my family 572 00:31:25,600 --> 00:31:27,400 Speaker 1: where the Jersey Shore I went to break Intoa, New 573 00:31:27,440 --> 00:31:31,320 Speaker 1: Jersey go ahead. So I was all excited, and I 574 00:31:31,440 --> 00:31:33,920 Speaker 1: and I left work and I'm sitting in traffic and 575 00:31:33,960 --> 00:31:35,920 Speaker 1: for those of us to watch the National Security Council 576 00:31:35,960 --> 00:31:38,120 Speaker 1: and little news item broke in the Washington Post, which 577 00:31:38,240 --> 00:31:40,600 Speaker 1: was by John Hudson and Josh Dawsey, which said that 578 00:31:40,760 --> 00:31:43,760 Speaker 1: John Bolton, the National Security Advisor, who has been sort 579 00:31:43,760 --> 00:31:46,080 Speaker 1: of dragged through the mud by his own president past 580 00:31:46,080 --> 00:31:49,120 Speaker 1: few months, was kept out of discussions of negotiations over 581 00:31:49,120 --> 00:31:50,840 Speaker 1: the Afghanistan where he asked for a briefing on the 582 00:31:50,880 --> 00:31:52,720 Speaker 1: latest and he was denied one. And this is a 583 00:31:52,720 --> 00:31:55,320 Speaker 1: pretty consequential thing, and it was kind of a shock 584 00:31:55,400 --> 00:31:58,000 Speaker 1: to the National Security Council washers, and certainly a shock, 585 00:31:58,560 --> 00:32:01,600 Speaker 1: um if you're in John Bolton's trajectory. But it was 586 00:32:01,600 --> 00:32:04,239 Speaker 1: also kind of a reminder of how much um this 587 00:32:04,280 --> 00:32:06,640 Speaker 1: stuff matters. And so I've been spending all weeks trying 588 00:32:06,680 --> 00:32:08,840 Speaker 1: to figure out what it means when the National Security 589 00:32:08,840 --> 00:32:10,800 Speaker 1: advisors cut out of things, because the National Security Visor 590 00:32:10,800 --> 00:32:12,680 Speaker 1: has been a key part of how the United States 591 00:32:12,720 --> 00:32:14,520 Speaker 1: has tried to lead the war lead the world for 592 00:32:14,560 --> 00:32:16,120 Speaker 1: seventy years. So I have a piece coming out in 593 00:32:16,120 --> 00:32:18,800 Speaker 1: the at the Atlantic tomorrow morning. Tomorrow morning in the 594 00:32:18,840 --> 00:32:21,960 Speaker 1: Atlantic what this means, what John Bolton's alstair means. And 595 00:32:22,000 --> 00:32:24,840 Speaker 1: I think everybody Washington loves the sort of react with 596 00:32:24,880 --> 00:32:26,840 Speaker 1: some schneiden Freud and like kind of being like, there's 597 00:32:26,880 --> 00:32:29,080 Speaker 1: no better person to be humiliated, but it actually will 598 00:32:29,120 --> 00:32:31,120 Speaker 1: have real consequences for the United States on the global 599 00:32:31,200 --> 00:32:33,600 Speaker 1: I'm excited to read that John guns report of piece 600 00:32:33,880 --> 00:32:36,760 Speaker 1: in The Atlantic tomorrow regarding all of that. I mean, 601 00:32:36,800 --> 00:32:40,600 Speaker 1: there really is no better analyst than John to to 602 00:32:40,680 --> 00:32:43,000 Speaker 1: navigate through all that. What's on my radar, We're still 603 00:32:43,040 --> 00:32:47,080 Speaker 1: tracking bregsit. British Prime Minister Boris Johnson stood in a 604 00:32:47,160 --> 00:32:50,360 Speaker 1: police academy in the north of England today giving a 605 00:32:50,400 --> 00:32:52,520 Speaker 1: speech that was supposed to mark the start of a 606 00:32:52,600 --> 00:32:55,960 Speaker 1: month long snap election campaign. It's not going that way, folks. 607 00:32:56,760 --> 00:32:59,360 Speaker 1: Boris Johnson instead was trying to fight back after a 608 00:32:59,520 --> 00:33:03,880 Speaker 1: series of the Bloomberg terminal has done incredible reporting on 609 00:33:03,960 --> 00:33:07,360 Speaker 1: this humiliating defeats. There's really no other word for it. 610 00:33:07,440 --> 00:33:12,200 Speaker 1: Humiliating defeats for Boris Johnson for his Brexit strategy culminating 611 00:33:12,280 --> 00:33:16,080 Speaker 1: in the resignation of his own brother. His own brother 612 00:33:16,160 --> 00:33:20,200 Speaker 1: had to resign in protest of his plans. Out of options, 613 00:33:20,280 --> 00:33:23,720 Speaker 1: Johnson doubled down on his plan to trigger a general 614 00:33:23,760 --> 00:33:27,680 Speaker 1: election to win a parliamentary majority so he can fulfill 615 00:33:27,760 --> 00:33:31,400 Speaker 1: his pledge to take the UK out of the European Union. 616 00:33:31,440 --> 00:33:34,360 Speaker 1: I'll just note that Vice President Mike Pence, he was 617 00:33:34,400 --> 00:33:37,080 Speaker 1: asked about this and he said, quote, we honestly believe 618 00:33:37,160 --> 00:33:39,440 Speaker 1: that the UK is on the verge of what your 619 00:33:39,480 --> 00:33:42,320 Speaker 1: new Prime Minister, Boris Johnson called a new Golden Age, 620 00:33:42,720 --> 00:33:45,520 Speaker 1: a new era in which our two nations will stand 621 00:33:45,720 --> 00:33:48,479 Speaker 1: side by side. So we're keeping a close eye on Brexit. 622 00:33:48,800 --> 00:33:52,360 Speaker 1: Thank you to our panel, Holly Turner, Roger Fisk, John Guns. 623 00:33:52,520 --> 00:33:56,160 Speaker 1: You can download the Bloomberg Sound On podcast on Apple iTunes, 624 00:33:56,160 --> 00:33:58,960 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 625 00:33:59,000 --> 00:34:00,640 Speaker 1: You can also find us on Radio dot com, I 626 00:34:00,680 --> 00:34:04,120 Speaker 1: Heart Radio, and Spotify. I'm Kevin Serelli, Chief Washington correspondent 627 00:34:04,160 --> 00:34:06,440 Speaker 1: for Bloomberg TV. And radio. You're listening to Bloomberg