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Speaker 1: Now I'm Bloomberg with debout the government. What are the

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Speaker 1: political reality The President has been increasingly frustrated. I want

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Speaker 1: to try to cut through the noise politically. This is

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Speaker 1: devastating Sound Off with Kevin, the insiders, the influencers, the insiders.

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Speaker 1: It is no secret that I care a lot about

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Speaker 1: the consumers. There are real questions about big tech. We

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Speaker 1: still have more leverage to me as Written's tariffs. I

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Speaker 1: think we could do with a little less drama from

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Speaker 1: the white This is Sound On with Kevin Currelate on

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Speaker 1: Bloomberg one and one oh five point seven a m

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Speaker 1: h D two Boltomle Happy Tuesday, folks on Kevin Sirel,

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Speaker 1: Bloomberg News Chief Washington correspondent for Bloomberg Television and Bloomberg Radio.

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Speaker 1: We've got a jam packed show for you today and

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Speaker 1: to all stars political all stars to help guide us

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Speaker 1: through a bevy of headlines from the ongoing investigation chatter

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Speaker 1: U and the US budget deficit widening. Get this, seventies

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Speaker 1: seven percent. The US budget deficit has widened seventy seven

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Speaker 1: percent compared with the same October to January period a

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Speaker 1: year earlier. That's according to the Treasury Department. We're going

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Speaker 1: to dive into that trade policy, ongoing trade dispute between

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Speaker 1: the US and China. Richard Fowler is a Democratic political

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Speaker 1: activist and chairman of the Center for Black Equity. He's

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Speaker 1: also a nationally syndicated radio host and a Fox News contributor.

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Speaker 1: And Jason Jason Miller is former senior communications adviser to

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Speaker 1: the Trump campaign and a former communications director for the

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Speaker 1: Trump Transition. He is managing director at TENEO. Jason, Great

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Speaker 1: to have you with us and really all of the

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Speaker 1: news today. Continuing to surround House Judiciary Committee Chairman Jerry Nadler.

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Speaker 1: It's a New York brawl, that's what it's shaping up

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Speaker 1: to be between Jerry Nadler, the Democrat from New York

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Speaker 1: versus President Trump. Of course, he has deep ties to

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Speaker 1: New York City. With me for the hour as we

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Speaker 1: sort through the treasure trove of allegations surrounding this administration

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Speaker 1: and its newest evolution with Jerry Nadler, the Chairman of

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Speaker 1: the House Judiciary Committee as he gets ready to meet

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Speaker 1: a more national audience. Is of course, Jason Miller. He

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Speaker 1: is Trump World. I just call you the Trump World guy.

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Speaker 1: I mean you've had like the comms jobs in the

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Speaker 1: Trump orbit, and now you're with Tanno and Richard Fowler,

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Speaker 1: a Democratic strategist. You've probably seen him all over Fox

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Speaker 1: News recently or heard him on his nationally syndicated radio show.

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Speaker 1: So Jason, let me start with you, uh, you know,

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Speaker 1: day two of this new week, of these new subpoenas

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Speaker 1: of the House Judiciary Committee. Jerry Nadler issuing, you know,

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Speaker 1: trying to get I guess more information, but it is

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Speaker 1: what what's new here from your perspective and and as

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Speaker 1: the president at any new political and legal risk as

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Speaker 1: a result of this, Well, I don't think there's much

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Speaker 1: that's actually new here except for the fact that last

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Speaker 1: week's co and hearing really his foreshadowed what we're going

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Speaker 1: to see in Washington for months to come. And if

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Speaker 1: you take a step back for a moment here and

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Speaker 1: think about the fact that the House Judiciary Committee is

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Speaker 1: sending these out and they're bringing folks back into the

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Speaker 1: House Intel Committee, and since Democrats now control the House,

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Speaker 1: which by the way, is a good reminder of why

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Speaker 1: you want to control the House and not have your

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Speaker 1: political opponents control the House. But looking at this from

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Speaker 1: an objective position. Stepping back, what do these folks expect

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Speaker 1: to find that Robert Moehler or the s D and

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Speaker 1: Y haven't already been on. It's a great question. And

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Speaker 1: let me ask Richard Fowler, a Democrat, like what what

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Speaker 1: what more do they want? Oh? I think there's a

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Speaker 1: couple of points. I think the first point that we

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Speaker 1: have to clarify is the job of the United States

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Speaker 1: House Representative and the United States Senate is the job

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Speaker 1: of oversight. Uh. And for the past two years, prior

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Speaker 1: to the Democrats, Democrats saying control, we saw a Republican

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Speaker 1: And finally you have a House that wants, while doing

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Speaker 1: things for the American people, also believes in holding this

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Speaker 1: administration accountable. And so these subpoenas are work that should

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Speaker 1: have been done in the last two years that have

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Speaker 1: not has not been done. And finally there's some oversight

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Speaker 1: being done. Is what the American people called for when

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Speaker 1: And what we plan on doing, or what Jerry Alipan

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Speaker 1: I'm not. I don't. I don't the question here. They're

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Speaker 1: still we were still looking to see what they're going

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Speaker 1: there's things here that we have questions on, and we're

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Speaker 1: going to find answers on that um and what we

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Speaker 1: laid out some clear things where I think members of

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Speaker 1: as the Intelligence Committee had questions. And now they have

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Speaker 1: the ability to subpoenas on this information to figure out

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Speaker 1: what's exactly there. What did Michael Cohen change anyone's mind? Well,

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Speaker 1: I'll tell you who's whose mind's got changed here. I

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Speaker 1: mean the fact that Cohen got jammed up on a

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Speaker 1: number of things, whether it be wanting a job in

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Speaker 1: the White House, whether it was his saying that he

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Speaker 1: didn't want to pardon that we find out his lawyer

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Speaker 1: did ask for a pardon. I think Cohen is even

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Speaker 1: jammed up even further than before. He could to have

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Speaker 1: some additional charges here. But going back to your point

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Speaker 1: that list of eighty one individuals and government entities that

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Speaker 1: receive these subpoena letters that hasn't been taken through the

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Speaker 1: ringer by Moeller or the SDN Y. And so do

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Speaker 1: we talk about talk about oversight. We have this special

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Speaker 1: Counsel that is going through and doing it. Let's be

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Speaker 1: very clear that the Special Council was not elected by

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Speaker 1: the American people, right the Special Council, their job is

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Speaker 1: to do what the Justice Department has asked them to do.

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Speaker 1: The American people, for on the other hand, have elected

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Speaker 1: have elected representatives to Congress, and their job is also

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Speaker 1: to provide a site let me, let me, let me

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Speaker 1: play for your President Trump had to say earlier today

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Speaker 1: at the White House when when he was asked about this.

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

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Speaker 1: what they're saying is the campaign begins. Instead of doing infrastructure,

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Speaker 1: instead of doing healthcare, instead of doing so many things

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Speaker 1: that they should be doing, they want to play games.

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Speaker 1: So he's saying that they want to play games. To

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Speaker 1: see your point, Jason, I mean the one members and organizations.

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Speaker 1: It's everyone from Donald Trump Jr. To the Trump organizations.

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Speaker 1: Alan Weisselberg, and this investigation just continues and continues. But

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Speaker 1: like even even what you were saying, you know, I'm

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Speaker 1: not trying to call you out, Jason, but like even

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Speaker 1: you were saying the Trump supporter perspective, and Richard you're

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Speaker 1: arguing the critical component of it. We live in such

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Speaker 1: a time right now that whoever is speaking, whether it's

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Speaker 1: it just keeps going right. And part of this goes

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Speaker 1: back to right now everything in Washington, we're going into

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Speaker 1: a presidential re elect cycle. People wake up in the morning,

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Speaker 1: they put on their blue jersey, their Democrats to put

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Speaker 1: on the red jersey if they're on my Philadelphia Eagles jersey,

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Speaker 1: no matter what or who is running. Sorry about Nick

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Speaker 1: Foles by the because you know, Carson Wentz is going

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Speaker 1: to get hurt one or two games in and my

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Speaker 1: prediction is of Jags have a better record than the

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Speaker 1: Eagles this next sea. I started to get way off track,

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Speaker 1: but are you a jack? Why no? I just just

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Speaker 1: trying to attack the Eagles for no reason. Who doesn't

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Speaker 1: want it? Right now, before Christine gets get back on

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Speaker 1: track here with this last week's hearing and then yesterday's subpoenas,

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Speaker 1: what is showing is that for months on end, this

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Speaker 1: is basically going to be a pr circus. And so

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Speaker 1: you imagine the way that Washington shut down last week

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Speaker 1: and it was the musty TV. Imagine when they hauled

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Speaker 1: even in Vietnam, Don Jr. Or Jared I think there's

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Speaker 1: for other people. I hear all of that, but I

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Speaker 1: think there's some serious questions that the American people are

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Speaker 1: asking themselves, like why is it that while president well

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Speaker 1: being the President of the United States, Donald Trump cut

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Speaker 1: a thirty five thousand dollar check to Michael Cowin right

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Speaker 1: in the White House. Had a chance to refute this,

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Speaker 1: they did not. They're just saying it's all fake news,

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Speaker 1: it's all a witch hunt. But yet still there's a

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Speaker 1: thirty five thou dollar check that Republicans did not refute illegal. Well,

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Speaker 1: I want to know why he have a check, But

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Speaker 1: that's what if it's not illegal. I think there's questions, right,

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Speaker 1: but Mueller understand why are gonna A're gonna go through

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Speaker 1: all of this. Remember this is this is a white House.

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Speaker 1: It's also called they. They've also called the Mueller investigation

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Speaker 1: into questions. So are you saying Muller investigation is not

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Speaker 1: into question now? Question? No, I have no problem with

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Speaker 1: the Mueller investigation. You said, you know, but you said

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Speaker 1: they weren't elected by the people. I listen, I'm saying

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Speaker 1: that there's two different investigations here. There's one of the

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Speaker 1: investigation being conducted by our elected representatives and their job.

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Speaker 1: They have a clear role in our constitutions to provide.

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Speaker 1: They've been in office firm two months, Okay, alright, and

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Speaker 1: the Muller investigation has clearly found results. One not only

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Speaker 1: is Paul Manafford, who is the campaign chairperson in jail.

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Speaker 1: The National Security Advisor has been found guilty. George Papadopolis

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Speaker 1: has found So they have found results after results after results,

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Speaker 1: and all of these individuals have been found guilty for

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Speaker 1: lying around. But here is where it's gonna this is

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Speaker 1: really gonna go play out. Is I believe that when

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Speaker 1: the smaller report comes forward, there's gonna be nothing there

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Speaker 1: on collusion where this whole thing supposedly started from and

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Speaker 1: so then it's basically be one pr battle trying to

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Speaker 1: exactly we're gonna talk. All right, let let me go

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Speaker 1: to break. You guys are gonna like get me in

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Speaker 1: trouble first of all, already he did because of Nick Foles,

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Speaker 1: and now I'm gonna get in trouble for this. All right.

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Speaker 1: Coming up, we're gonna talk a little bit more about

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Speaker 1: these investigations. But there is some major economic news happening,

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Speaker 1: and both of you are going to put on your

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Speaker 1: economic caps that you wear both so well. Richard Fowler,

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Speaker 1: Democratic strategist, Jason Miller, Trump World Advisor uh and managing

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Speaker 1: director at ten a O Strategy. I'm Kevin surreally. Remember

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Speaker 1: you can download the sound on podcast on Apple iTunes,

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

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

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Speaker 1: I Heart Radio. Coming up more on US China trade talk.

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Speaker 1: You're listening to Bloomberg. This is Sound On with Kevin's

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Speaker 1: Really on Bloomberg one and one oh five point seven

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Speaker 1: some of them are I think they're just want to

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Speaker 1: start the two thousand twenty election. Early election is already

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Speaker 1: well underway. That was Senator John Kennedy, a Republican from Louisiana.

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Speaker 1: He was asked earlier today on Capitol Hill about whether

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Speaker 1: or not he believes the Mueller investigation and the House

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Speaker 1: Judiciary Committee investigation is being impacted by politics. We were

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Speaker 1: talking about that earlier. We're gonna be following through with

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Speaker 1: a little bit more of that conversation. Also, the latest

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Speaker 1: going to be testifying on Wednesday before the House Homeland

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Speaker 1: Security Committee about the Senate preparing. This comes rather as

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Speaker 1: the Senate is preparing to pass a measure of disapproval

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Speaker 1: on the President's declaration of a border security wall. To

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Speaker 1: navigate all of these headlines, Richard Fowler, Democratic strategist, Jason Miller,

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Speaker 1: But you just heard from Senator Kennedy. I take it

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Speaker 1: you disagree that there's political posturing going on. Uh, well,

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Speaker 1: I know you have to pay bills. I appreciate that,

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Speaker 1: and no, I mean I did listen. I agree with

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Speaker 1: about either, right. And I think, if I mean anything,

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Speaker 1: everything from how they're playing the border wall, the national emergency,

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Speaker 1: have built the border wall in the first year, in

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Speaker 1: the first year in office, where he had both the House,

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Speaker 1: they could have got it done very easily. But he

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Speaker 1: waited till now. He declared a national emergency emergency, which

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Speaker 1: he knew would go to the courts, which saves this

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Speaker 1: issue to be the campaign issue for him. Well, and

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Speaker 1: to that point, I mean, is a strong Trump supporter.

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Speaker 1: I'm piste off. We didn't do this earlier, when we

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Speaker 1: had the House, we had the Senate. I mean, we

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Speaker 1: should have been coming right out of the gate doing

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Speaker 1: this rather until waiting, wait until now. But here's the

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Speaker 1: thing that to get inside the head of President Trump

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Speaker 1: and how he views these things and as we talk

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Speaker 1: There is a fundamental belief by the president is if

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Speaker 1: he doesn't go and get these things done now, that

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Speaker 1: we can't count on future presidents, Republican or Democrat to

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Speaker 1: go and do it. Do you agree with the declaration

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Speaker 1: of a national emergency? Absolutely? Because I think the president

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Speaker 1: has to do exactly what people sent him here to do,

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Speaker 1: which is to get it done. And when you look

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Speaker 1: at President Trump was sent here to smash conventional norms.

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Speaker 1: And so when somebody takes the argument to President Trump

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Speaker 1: and says, well the next president might do X, or

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Speaker 1: the next president might do why, he doesn't care. His

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Speaker 1: time is now. He was sent to do it. Use

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Speaker 1: every available means possible to go and execute the task

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Speaker 1: at hand. Jason Miller is the former senior Communication devisor

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Speaker 1: to the Trump campaign and former communications director for the

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Speaker 1: Trump Transition. He's also managing director at Tonato Strategy. But Jason,

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Speaker 1: super super quick point just to add here, because a

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Speaker 1: lot of times what people don't understand is when the

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Speaker 1: president is being attacked by Democrats on the hill, even

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Speaker 1: when he's getting it from Republicans on the hill. This

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Speaker 1: feeds into his strength. The people back around the country.

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Speaker 1: President Trump supporters, they love the fact of him fighting

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Speaker 1: the establishments in Washington. And so this, this gives him

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Speaker 1: a chance to continue being the change agent, taking on

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Speaker 1: the status quo here in Washington. That is his best

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Speaker 1: construct or, is most effective. And I understand, I understand

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Speaker 1: that that argument, but to take it even but to

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Speaker 1: even go into the Republican ideological debate of the constitutional

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Speaker 1: argument and and and act. Really, we have this bite

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Speaker 1: from Senate Judiciary Committee Chairman Chuck Grassley, strong supporter of

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Speaker 1: President Trump, a Republican from Iowa. Take a listen to

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Speaker 1: what Chairman Grassly had to say about the constitutionality argument

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Speaker 1: pertaining to the president's declaration of a of a national emergency.

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Speaker 1: Here is, the President has needlessly caused himself a political

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Speaker 1: and legal problem that isn't necessary. And essentially it's like

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Speaker 1: what you're saying is too bad. Yeah, exactly, there is

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Speaker 1: a crisis at the southern border. I mean, asking any

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Speaker 1: of the Angel moms, asking any the people have been

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Speaker 1: impacted by this, Dozens dozens, there have been dozens of

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Speaker 1: national emergencies have been declared by presidents going back to

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Speaker 1: going back to Carter, and this is an avenue that

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Speaker 1: the President wants to pursue because he believes, as do

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Speaker 1: I and a lot of people, there is a real

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Speaker 1: crisis at the southern border. And again going back to

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Speaker 1: the point that I made a moment ago, presid Trump

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Speaker 1: believes if he doesn't do it, if he doesn't do

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Speaker 1: it now, the next president, Republican or Democrat, isn't going

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Speaker 1: to Richard. Now, this is where I'm gonna have to

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Speaker 1: stop you. The President said it in his own words

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Speaker 1: when he announced his national emergency. I don't have to

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Speaker 1: do this, but I'm going to choose this time to

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Speaker 1: do it. And let me let me finish. Now, when

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Speaker 1: when you say those words, that means this, this is

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Speaker 1: not a crisis. Right, If there was a real crisis,

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Speaker 1: you couldn't stop the crisis. When George Bush declared it

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Speaker 1: after nine eleven, there was a clear crisis that couldn't

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Speaker 1: be stopped. Right the world. Traitors were taken down, American

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Speaker 1: lives were lost, There was a real crisis at him.

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Speaker 1: What the President has done here as manufactured a crisis.

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Speaker 1: And now he's trying to use a law that he

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Speaker 1: doesn't have the authority to use usurping the power of Congress,

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Speaker 1: usurping the first Article of the Constitution to do it,

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Speaker 1: and that is not only unconstitutional, but it's I'm gonna

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Speaker 1: I'm gonna jump in here, so you've got the legal

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Speaker 1: court system that will decide the constitutional constitutionality of it.

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Speaker 1: I think the point that Jason is making to look

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Speaker 1: at the to look at it from an analytical sense.

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Speaker 1: Jason saying this helps President Trump with his base because

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Speaker 1: it allows him to say that he's playing the outsider role.

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Speaker 1: Look at look. I mean, I'm paraphrasing the thought he's saying,

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Speaker 1: you know, look at me, I'm going against my own party.

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Speaker 1: I also think, though, if you're if you're trying to

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Speaker 1: price this, or you're in the border or in the

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Speaker 1: business community, it also is a very clear latest example

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Speaker 1: of the president h of Trump is m being different

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Speaker 1: perhaps than conservatism or even the tension between what it

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Speaker 1: means to be a Trump Republican and what it means

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Speaker 1: to be a former Republican. With that argumentation, that line

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Speaker 1: of arguing, that line of reason and line of argumentation,

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Speaker 1: right because because that line of argumentation would have that

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Speaker 1: I should apply to when Barack Obama past there when

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Speaker 1: he when he decided to do Doctor Adoppa. But Republicans

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Speaker 1: basically lit their hair on fire and talk about how unconstitutional,

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Speaker 1: how horrible it was the power Donaldump. And now now

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Speaker 1: it's Trump's turning all Republicans like like we just played

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Speaker 1: from Chuck Grassley, are disagreeing with that. Coming up, it's

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Speaker 1: not just the issue of immigration where the President is

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Speaker 1: making remaking rather the Republican party. It's also on the economy.

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Speaker 1: We're going to dive into the specifics of US China

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Speaker 1: trade policy. Download us on the Sound On podcast on

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Speaker 1: Apple iTunes, at Bloomberg dot com, or by downloading the

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Speaker 1: Bloomberg Business app. You can also find us on Radio

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Speaker 1: dot com and I Heart Radio. Richard Fowler, Democratic strategist Stage,

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Speaker 1: Jason Miller, former UH Communications advisor and Trump World stays

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Speaker 1: and I'm Kevin SERELLI, Chief Washington correspondent for Bloomberg TV

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Speaker 1: and Bloomberg Radio. I will stay too. You're listening to Bloomberg.

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Speaker 1: This is Sound On with Kevin's related on Bloomberg one

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Speaker 1: and one oh five point seven f M H D

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Speaker 1: two Boltimore. Welcome back, everybody. Hope you had a good Tuesday.

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Speaker 1: I'm Kevin Sirelli, Bloomberg News Chief Washington correspondent for Bloomberg

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Speaker 1: Television and Bloomberg Radio. We were talking about the investigations,

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Speaker 1: the national declaration of a wall, and Congress is really well,

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Speaker 1: the Democratic controlled House rather is really starting to take

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Speaker 1: shape take hold here in month two of their reclaiming

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Speaker 1: of the gavel. Richard Fowler is here with us. He's

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Speaker 1: a Democratic strategist. You've probably seen him on Fox News.

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Speaker 1: He's also a national syndicated radio host. Uh And Jason

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Speaker 1: Miller is former communications advisor to the Trump campaign and

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Speaker 1: former communications director for the Trump transition. He's also managing

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Speaker 1: director at Tonato Strategy and and both of these gentlemen

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Speaker 1: are super involved in the weeds on US China trade policy,

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Speaker 1: and they're really rolling up their sleeves. I mean, Jason,

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Speaker 1: if you're not on a flight to Beijing or Hong Kong,

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Speaker 1: by the way, how do you last on those flights?

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Speaker 1: Because I was like on the flight back, I was,

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Speaker 1: I mean, I watched a movie, but then I just

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Speaker 1: got bored. You gotta binge watch? What did you binge

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Speaker 1: watch on those flights? So I just went through Berlin

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Speaker 1: stations pretty good. It's like a spy thriller. Um and

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Speaker 1: uh like like a lot of the shoot him up

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Speaker 1: shows strike Back, which is another one. I can't get

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Speaker 1: that high. I can't get that high intensity on a

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Speaker 1: plane because then I'm like, oh my gosh, I'm on

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Speaker 1: a plane. But speaking of back down to Earth here

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Speaker 1: well and in your podcast, Oh, I appreciate that, which

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Speaker 1: you can download on Apple after the show. Appreciate the

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Speaker 1: plug there, Jason, appreciate it. Gotta everyone's just trying to help.

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Speaker 1: Kevin's really that the world would be a better place. Jason,

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Speaker 1: it looks like the rhetoric coming on the past forty

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Speaker 1: eight hours has been somewhat positive in terms of how

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Speaker 1: we're trending with getting closer to a deal, and in fact,

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Speaker 1: there's been a lot of reporting to suggest that the

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Speaker 1: President might be willing to get rid of all of

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Speaker 1: those terriffs on two hundred billion dollars worth of Chinese goods,

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Speaker 1: which is a major win for the business community. Also

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Speaker 1: it would be what China wants. But I mean that

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Speaker 1: that's a wind. No. Well, how it comes down to

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Speaker 1: what actually gets put in print, what the enforcement mechanisms are,

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Speaker 1: and so I probably spend more time talking with CEOs

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Speaker 1: and Fortune five companies on US China trade issues than

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Speaker 1: anything else. And to put things in perspective for folks,

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Speaker 1: the next hundred years of human civilization I believe will

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Speaker 1: be largely driven by the U S. China trade competition.

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Speaker 1: Hopefully not military competition, but trade competition will We'll see

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Speaker 1: how things develop right now. And the biggest fear and

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Speaker 1: threat I believe from the administration from the U S

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Speaker 1: side is if the US does nothing, then are key

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Speaker 1: industries of the future, whether it be the aerospace that

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Speaker 1: are talking about AI, even going into healthcare, going in manufacturing, robotics,

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Speaker 1: all of these things. If we don't fight for some

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Speaker 1: of these structural reforms, we will not be able to

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Speaker 1: compete with China on the global stage because there's there's

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Speaker 1: not a free market to that. So the reason why

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Speaker 1: I say that is you take a look at the comment.

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Speaker 1: It wasn't directly from light Heiser, but I believe is

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Speaker 1: one of the stories yesterday of the one pages or

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Speaker 1: so that the U S has this working agreement with China,

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Speaker 1: thirty of those pages go right to intellectual property issues,

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Speaker 1: and that shows how critical it is that we make

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Speaker 1: sure that not just for existing joint venture agreements with

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Speaker 1: US companies trying to compete in China and trying to

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Speaker 1: have access to their billion people, but also as we

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Speaker 1: talk about in the future with the I P theft

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Speaker 1: and what the enforcement mechanisms are going to be. This

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Speaker 1: is why the battle right now is so critical. And

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Speaker 1: again going back to a point that I made a

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Speaker 1: few minutes ago, President Trump firmly believes that if he

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Speaker 1: doesn't get it done, then whatever president comes next, whether

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Speaker 1: it's a Republican or Democrat, they'll fail to And I'll

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Speaker 1: leave it this one final thing at the opportunity, as

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Speaker 1: with a number of CEOs who are presenting to speaking

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Speaker 1: to a number of Chinese leaders, including Wonki Shan this

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Speaker 1: past fall, and I made the comment to him that

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Speaker 1: they should take the deal with Trump, And of course

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Speaker 1: immediately the room kind of pauses, and who's this guy

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Speaker 1: and why is he saying this? So because with Trump,

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Speaker 1: you know he wants a good deal for American workers.

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Speaker 1: You know exactly what he wants. The next Republican that

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Speaker 1: comes in as president is going to start pushing for

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Speaker 1: democratic reforms and trying to split off the party control

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Speaker 1: in China. The next Democrat president who comes in is

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Speaker 1: going to make sure that the weaker's and QR codes

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Speaker 1: were recognized. Household have household a mighty across the whole world.

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Speaker 1: The Chinese should take the deal with Trump. They know

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Speaker 1: exactly what they're getting well. And but let's see what's

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Speaker 1: interesting about everything that that Jason Miller, a Trump World

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Speaker 1: surrogate as well as a managing director at Tenato Strategy,

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Speaker 1: and what he's having to say here, Richard, is that, look,

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Speaker 1: you guys duked it out in the first half of

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Speaker 1: the show on issues of the day, on the Mueller investigation,

431
00:22:24,359 --> 00:22:27,159
Speaker 1: important issues, but on the issue of intellectual property, on

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00:22:27,200 --> 00:22:32,679
Speaker 1: the issue of particularly national security technology and artificial intelligence,

433
00:22:32,840 --> 00:22:37,399
Speaker 1: there really is bipartisan agreement, whether it's Marco Rubio and

434
00:22:37,400 --> 00:22:41,000
Speaker 1: Mark Warner working together and whatnot, or even what you

435
00:22:41,040 --> 00:22:44,760
Speaker 1: saw with the pressure coming from lawmakers up on Capitol

436
00:22:44,840 --> 00:22:47,920
Speaker 1: Hill in agreement with the president on Huawei, a telecom

437
00:22:48,000 --> 00:22:50,879
Speaker 1: giant uh in China that has been trying to do

438
00:22:50,960 --> 00:22:54,359
Speaker 1: business and everywhere from and ZT trying to do business

439
00:22:54,359 --> 00:22:59,400
Speaker 1: everywhere from Venezuela to to our counterparts in NATO. This

440
00:23:00,160 --> 00:23:05,960
Speaker 1: is arguably the the non political agreement that that that

441
00:23:05,960 --> 00:23:08,720
Speaker 1: that Democrats and Republicans agree on. Now, No, I think

442
00:23:08,720 --> 00:23:11,159
Speaker 1: there is some room to agree on artificial intelligence and

443
00:23:11,160 --> 00:23:14,520
Speaker 1: intellectual property. I think where we disagree with the White

444
00:23:14,520 --> 00:23:17,800
Speaker 1: House's approaches this ideal of you know, going it going,

445
00:23:18,119 --> 00:23:20,160
Speaker 1: going it alone with China, because I think the world

446
00:23:20,160 --> 00:23:21,760
Speaker 1: there's there's parts where that we could have. We could

447
00:23:21,800 --> 00:23:23,879
Speaker 1: we could went with our European allies and put more

448
00:23:23,880 --> 00:23:26,040
Speaker 1: pressure on China and finish this a lot quicker. And

449
00:23:26,080 --> 00:23:28,080
Speaker 1: as a result of that, our farmers are suffering, Our

450
00:23:28,119 --> 00:23:30,600
Speaker 1: dairy farmers are suffering, Our slaving farmers are for suffering.

451
00:23:30,760 --> 00:23:32,320
Speaker 1: And the other point a way before we talk about,

452
00:23:32,359 --> 00:23:34,280
Speaker 1: before we say that, is yes, there is a fight

453
00:23:34,320 --> 00:23:36,880
Speaker 1: around robotics, there is a fight around AI. But what

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00:23:36,920 --> 00:23:38,840
Speaker 1: we did what was missing from the President's Day of

455
00:23:38,840 --> 00:23:40,399
Speaker 1: the Union address, and I think what we'll see we'll

456
00:23:40,400 --> 00:23:42,920
Speaker 1: see what happens in the budget on Monday, is where

457
00:23:43,000 --> 00:23:47,720
Speaker 1: is this conversation about investment in America in our greatest resources,

458
00:23:47,920 --> 00:23:50,119
Speaker 1: which is our people. Right. We haven't heard the President

459
00:23:50,160 --> 00:23:52,959
Speaker 1: talk about how do we invest in producing coders and

460
00:23:53,000 --> 00:23:56,560
Speaker 1: producing folks to develop AI? Right, Whereas in China, I'm

461
00:23:56,560 --> 00:23:58,320
Speaker 1: gonna push back because he has he has said a

462
00:23:58,320 --> 00:24:00,720
Speaker 1: little bit on apprenticeship programs are gonna come to break,

463
00:24:00,760 --> 00:24:02,879
Speaker 1: and I want to pick up this conversation back up.

464
00:24:02,920 --> 00:24:05,359
Speaker 1: I want to talk more about I could talk forever

465
00:24:05,400 --> 00:24:08,600
Speaker 1: about apprenticeship programs. As you know, financial literacy is a

466
00:24:08,680 --> 00:24:11,000
Speaker 1: huge passion of mine. But we're gonna stick with US

467
00:24:11,080 --> 00:24:13,879
Speaker 1: China trade. Then we're gonna dive in to some twenty

468
00:24:13,960 --> 00:24:17,879
Speaker 1: twenty chatter. Richard Fowler stays, Jason Miller stays, I stay remember.

469
00:24:18,000 --> 00:24:21,520
Speaker 1: Download the Sound On podcast on iTunes, at Bloomberg dot

470
00:24:21,520 --> 00:24:25,000
Speaker 1: com or by downloading the Bloomberg Business app. You can

471
00:24:25,080 --> 00:24:28,760
Speaker 1: also find us on Radio dot com and I Heart Radio.

472
00:24:28,840 --> 00:24:31,240
Speaker 1: Coming up, we'll hear what Chuck Schumer has to say

473
00:24:31,640 --> 00:24:36,480
Speaker 1: about the US China trade dispute. I'm Kevin SERELLI. You're

474
00:24:36,480 --> 00:24:44,040
Speaker 1: listening to Bloomberg now. This is Sound On with Kevin's

475
00:24:44,240 --> 00:24:48,359
Speaker 1: really on Bloomberg and one oh five point seven f

476
00:24:48,480 --> 00:24:52,560
Speaker 1: M H D two Baltimore. Don't let March be the

477
00:24:52,600 --> 00:24:57,400
Speaker 1: month when it comes to China. When it is said

478
00:24:57,440 --> 00:24:59,880
Speaker 1: that President Trump went in like a lion and when

479
00:25:00,000 --> 00:25:04,080
Speaker 1: out like a lamb, and President she darn good negotiator

480
00:25:05,080 --> 00:25:08,920
Speaker 1: figuratively eats our lunch. Wow in like a lion out

481
00:25:08,960 --> 00:25:12,399
Speaker 1: like a lamp. Senate Minority Leader Chuck Schumer of the

482
00:25:12,440 --> 00:25:17,040
Speaker 1: Democrat from New York delivering that critique of US China

483
00:25:17,160 --> 00:25:20,919
Speaker 1: trade relations sounded like Steve Bannon right there. Wow. Jason

484
00:25:20,960 --> 00:25:23,680
Speaker 1: Miller of Managing director of to NATO Strategies and a

485
00:25:23,720 --> 00:25:26,879
Speaker 1: Trump World advisor weighing in with it was kind of

486
00:25:26,920 --> 00:25:31,720
Speaker 1: ben An s Richard Faller. It was that Steve back.

487
00:25:32,680 --> 00:25:35,000
Speaker 1: You know what, if you're listening, come on, you know,

488
00:25:35,920 --> 00:25:38,240
Speaker 1: you know Schumer is good for his one liners, and

489
00:25:38,359 --> 00:25:40,359
Speaker 1: you know here and this is the I mean, I

490
00:25:40,720 --> 00:25:42,879
Speaker 1: want to see the president win on China because I

491
00:25:42,920 --> 00:25:45,000
Speaker 1: think a win for this president on China means a

492
00:25:45,040 --> 00:25:47,440
Speaker 1: win for all of our farmers that have suffered under

493
00:25:47,520 --> 00:25:50,000
Speaker 1: this reckless trade policy for the past couple of months

494
00:25:50,080 --> 00:25:52,720
Speaker 1: or years. Um. But I think that's a that's a

495
00:25:52,760 --> 00:25:54,760
Speaker 1: noble question to ask, right because I think what we

496
00:25:54,840 --> 00:25:58,080
Speaker 1: saw from on these two meetings with Kim Jongoon was

497
00:25:58,119 --> 00:25:59,960
Speaker 1: this president go in like a lie. And I thought

498
00:26:00,000 --> 00:26:02,280
Speaker 1: President should have walked away from this deal. And I don't,

499
00:26:02,320 --> 00:26:03,560
Speaker 1: I don't. I don't fault him for that, but I

500
00:26:03,640 --> 00:26:05,760
Speaker 1: think why he had to walk away was. I think

501
00:26:05,760 --> 00:26:07,879
Speaker 1: the president went into early. I said this all along.

502
00:26:08,080 --> 00:26:10,119
Speaker 1: I said, if the president is your number one diplomat,

503
00:26:10,280 --> 00:26:12,840
Speaker 1: you always leave your If you're playing a game of spades,

504
00:26:13,080 --> 00:26:15,720
Speaker 1: you leave your big joker in your hand for as

505
00:26:15,720 --> 00:26:17,880
Speaker 1: long as possible, so you like you have your big

506
00:26:17,880 --> 00:26:19,639
Speaker 1: card to play at the end of the game. And

507
00:26:19,680 --> 00:26:21,879
Speaker 1: I thought we brought President Trump and way too early

508
00:26:21,880 --> 00:26:24,520
Speaker 1: in the North Korean negotiations. And thus since we brought

509
00:26:24,560 --> 00:26:26,679
Speaker 1: him in for the first meeting and then we started

510
00:26:26,720 --> 00:26:29,720
Speaker 1: talking about how there's possibly a nobel peace prisident for him,

511
00:26:29,880 --> 00:26:31,560
Speaker 1: Kim Jong Loon in the end end up having the

512
00:26:31,640 --> 00:26:35,240
Speaker 1: leverage that was the old political playbook. And I think

513
00:26:34,280 --> 00:26:37,480
Speaker 1: that old political playbook didn't work because now we have

514
00:26:37,640 --> 00:26:39,879
Speaker 1: we still have a nuclear North Korean. I think I

515
00:26:39,880 --> 00:26:41,760
Speaker 1: want to stick with with China for once, for for

516
00:26:41,760 --> 00:26:45,159
Speaker 1: a little bit longer. Jason Uh, we were talking earlier

517
00:26:45,200 --> 00:26:48,320
Speaker 1: about what the business community wants, and you obviously plugged

518
00:26:48,359 --> 00:26:52,000
Speaker 1: into the business world. The business community, what in terms

519
00:26:52,000 --> 00:26:55,639
Speaker 1: of enforcement mechanisms for US China trade policy would be

520
00:26:55,680 --> 00:26:58,040
Speaker 1: a win. What are you going to be looking for

521
00:26:58,160 --> 00:27:01,359
Speaker 1: as a win for from the unforce mechanism side, for

522
00:27:01,400 --> 00:27:03,720
Speaker 1: the U S China Trade talks. What I'm going to

523
00:27:03,800 --> 00:27:05,320
Speaker 1: be looking for, and I think a lot of folks

524
00:27:05,359 --> 00:27:08,040
Speaker 1: in the business community is they're gonna want a regular

525
00:27:08,119 --> 00:27:12,119
Speaker 1: check in period, whether it's monthly, whether it's quarterly, whether

526
00:27:12,240 --> 00:27:15,359
Speaker 1: some things they come back on twice a year, even yearly,

527
00:27:15,720 --> 00:27:19,040
Speaker 1: but where if certain thresholds aren't being met. Because keep

528
00:27:19,040 --> 00:27:20,760
Speaker 1: in mind, so much of the things we're talking about

529
00:27:20,920 --> 00:27:23,480
Speaker 1: are things that China was supposed to have enacted back

530
00:27:23,480 --> 00:27:26,439
Speaker 1: when they got into w t o UM, you know,

531
00:27:26,480 --> 00:27:28,760
Speaker 1: over a decade ago, and so a lot of these

532
00:27:28,760 --> 00:27:30,600
Speaker 1: things that hey, we're going to take care of them,

533
00:27:30,600 --> 00:27:32,840
Speaker 1: they don't take care of it. So from the business community,

534
00:27:33,000 --> 00:27:35,439
Speaker 1: they're gonna want to see certain tariff and non tariff

535
00:27:35,440 --> 00:27:38,719
Speaker 1: bearers addressed, want to see financial services being fined with

536
00:27:38,800 --> 00:27:42,080
Speaker 1: going in fifty plus percent ownership. They're gonna want to

537
00:27:42,080 --> 00:27:45,200
Speaker 1: see recognition of IP theft. I think we're going to

538
00:27:45,280 --> 00:27:46,960
Speaker 1: have some of the bigger fights where it's still getting

539
00:27:46,960 --> 00:27:49,800
Speaker 1: worked out state owned enterprises and some of the currency

540
00:27:49,800 --> 00:27:53,840
Speaker 1: manipulation and below market lending. Here is the critical point

541
00:27:54,040 --> 00:27:55,639
Speaker 1: that I think a lot of folks miss in this,

542
00:27:55,760 --> 00:27:58,439
Speaker 1: and this is where it goes to the enforcement China

543
00:27:58,560 --> 00:28:01,679
Speaker 1: does not currently have the court system set up to

544
00:28:01,760 --> 00:28:04,159
Speaker 1: be able to even deal with some of these i

545
00:28:04,280 --> 00:28:06,600
Speaker 1: P thefts and the way they're going, and so this

546
00:28:06,680 --> 00:28:09,320
Speaker 1: is gonna be a progress. There's gonna be a timetable,

547
00:28:09,640 --> 00:28:12,000
Speaker 1: but there needs to be whether it's monthly or quarterly,

548
00:28:12,080 --> 00:28:15,680
Speaker 1: to where certain benchmarks aren't being made, than certain tariffs

549
00:28:15,720 --> 00:28:19,520
Speaker 1: will then automatically kicking. This is the critical component. I

550
00:28:19,560 --> 00:28:21,879
Speaker 1: gotta jump in here. I gotta quote Tom Keene, my

551
00:28:21,880 --> 00:28:24,760
Speaker 1: my colleague, mentor and friend here at Bloomberg. I'm gonna

552
00:28:24,800 --> 00:28:27,040
Speaker 1: rip up the script to quote Tom Keene, because what

553
00:28:27,160 --> 00:28:31,480
Speaker 1: Jason just did Richard Fowler, Democratic Strategist, is illustrate that

554
00:28:31,600 --> 00:28:34,800
Speaker 1: as as high level as these trade talks are, President

555
00:28:34,880 --> 00:28:38,240
Speaker 1: shi Jing Ping in one quarter, President Trump and another,

556
00:28:38,320 --> 00:28:40,200
Speaker 1: then you even get a little bit lower and you've

557
00:28:40,200 --> 00:28:43,880
Speaker 1: got the Vice Premier la Versus a U S Trs

558
00:28:43,920 --> 00:28:47,680
Speaker 1: Bob Lightheizer, Treasury Secretary Stephen Venusian. But what he just

559
00:28:47,760 --> 00:28:51,760
Speaker 1: said was actually it's being fought by lawyers at the

560
00:28:51,840 --> 00:28:55,640
Speaker 1: local level. Go to Beijing, go to rural China, go

561
00:28:55,760 --> 00:28:59,360
Speaker 1: to the apple plant in China where the according to

562
00:28:59,520 --> 00:29:02,920
Speaker 1: the the Chinese state run newspaper, they actually had to

563
00:29:02,960 --> 00:29:07,240
Speaker 1: get rid of some bus services on the compounds where

564
00:29:07,240 --> 00:29:11,600
Speaker 1: Apple uh employees local Chinese people to work because of

565
00:29:11,600 --> 00:29:14,840
Speaker 1: this trade dispute that's going on. This is so local.

566
00:29:15,120 --> 00:29:17,920
Speaker 1: Go into the heartland, go into the inner city. This

567
00:29:18,040 --> 00:29:21,440
Speaker 1: is such a local issue, and it's why I think

568
00:29:21,480 --> 00:29:25,360
Speaker 1: you're seeing the president remake the party, the Republican Party,

569
00:29:25,360 --> 00:29:29,040
Speaker 1: and this name he's picked up on the Bernie Sanders

570
00:29:29,120 --> 00:29:33,120
Speaker 1: AOC wing. If not on for a for a sliver

571
00:29:33,280 --> 00:29:35,600
Speaker 1: of this issue, no, I mean I gets. I mean

572
00:29:35,600 --> 00:29:37,800
Speaker 1: I think there is some populism to taking on China.

573
00:29:37,840 --> 00:29:39,560
Speaker 1: I don't disagree with that. I think if you talk

574
00:29:39,600 --> 00:29:41,920
Speaker 1: to any steel worker in this country, they will tell

575
00:29:41,960 --> 00:29:44,320
Speaker 1: you for decades, steel workers have been talking about the

576
00:29:44,320 --> 00:29:46,560
Speaker 1: fact that China has been dumping steel and that's why

577
00:29:46,560 --> 00:29:49,239
Speaker 1: they've lost their jobs. But with that being said, on

578
00:29:49,280 --> 00:29:51,200
Speaker 1: the other side, just a couple of blocks from most

579
00:29:51,200 --> 00:29:54,160
Speaker 1: steel plans, you have soybean farmers who are saying the

580
00:29:54,240 --> 00:29:58,400
Speaker 1: China has been our new market. Sometimes our our goods

581
00:29:58,400 --> 00:30:00,560
Speaker 1: go to China. So this is the islands that this

582
00:30:00,680 --> 00:30:03,040
Speaker 1: that that is created we've had in this country. Is

583
00:30:03,040 --> 00:30:05,400
Speaker 1: that so while we have gained five thousand jobs at

584
00:30:05,400 --> 00:30:08,480
Speaker 1: the steel plant. We've lost five thousand jobs at the farm.

585
00:30:08,760 --> 00:30:10,880
Speaker 1: And this is the balance this president has to walk

586
00:30:10,920 --> 00:30:12,479
Speaker 1: as we sort of as you sort of bring this

587
00:30:12,520 --> 00:30:14,560
Speaker 1: deal down to a landing, you know. And that's a

588
00:30:14,560 --> 00:30:16,600
Speaker 1: good point when you talk about the balance, because I

589
00:30:16,640 --> 00:30:20,800
Speaker 1: believe that President Trump has essentially two competing voices that

590
00:30:20,840 --> 00:30:23,720
Speaker 1: are talking to him here. One is that, as I

591
00:30:23,760 --> 00:30:26,000
Speaker 1: said before, he believes if he doesn't get it done,

592
00:30:26,080 --> 00:30:29,840
Speaker 1: nobody else is going to. But then also there's the

593
00:30:30,120 --> 00:30:32,360
Speaker 1: he wants to be the ultimate dealmaker. He wants to

594
00:30:32,400 --> 00:30:35,880
Speaker 1: be the one to succeed, the strongest construct for President

595
00:30:35,880 --> 00:30:37,960
Speaker 1: Trump's when he's able to point back and say Bush

596
00:30:37,960 --> 00:30:40,440
Speaker 1: couldn't get it done, Obama couldn't get it done. I

597
00:30:40,480 --> 00:30:42,640
Speaker 1: will get it done. That is the sweet spot of

598
00:30:42,680 --> 00:30:44,600
Speaker 1: the bat form. And so he wants it. But as

599
00:30:44,640 --> 00:30:47,480
Speaker 1: we've seen, whether it be from last year, people thought

600
00:30:47,520 --> 00:30:50,560
Speaker 1: that deal. In fact, Steve Nuchin and Leo Hoo when

601
00:30:50,560 --> 00:30:53,080
Speaker 1: they walked out of that room going back to last May,

602
00:30:53,200 --> 00:30:56,480
Speaker 1: they thought the deal was done. With China, we've seen

603
00:30:56,560 --> 00:30:59,200
Speaker 1: the president walk away when he doesn't think it's there.

604
00:30:59,200 --> 00:31:01,160
Speaker 1: We saw him do it with out or with North Korea,

605
00:31:01,160 --> 00:31:04,040
Speaker 1: and the talks just this past week. The President wants

606
00:31:04,040 --> 00:31:05,960
Speaker 1: to get a deal done. But if it's not there

607
00:31:06,000 --> 00:31:08,280
Speaker 1: and he doesn't think the structural reforms and the enforcement

608
00:31:08,320 --> 00:31:11,840
Speaker 1: mechanimics will be there, he'll walk away. Wait wait, wait, wait,

609
00:31:11,920 --> 00:31:14,200
Speaker 1: let me dump what's going on with the budget? I mean,

610
00:31:14,240 --> 00:31:17,400
Speaker 1: did you see this the Treasury Department. They've released this today.

611
00:31:17,680 --> 00:31:20,560
Speaker 1: The US budget deficit wide into three d and ten

612
00:31:21,040 --> 00:31:24,280
Speaker 1: billion dollars in the first four months of the fiscal

613
00:31:24,360 --> 00:31:29,840
Speaker 1: You're I don't think President Trump likes that. No, you're

614
00:31:29,880 --> 00:31:32,160
Speaker 1: I think you're going to hear a lot more about spending,

615
00:31:32,280 --> 00:31:35,120
Speaker 1: a lot more the fiscal conservative wing and the party

616
00:31:35,160 --> 00:31:37,240
Speaker 1: really stepping up and saying we have to go and

617
00:31:37,280 --> 00:31:40,120
Speaker 1: a dress this. I mean, it's not just I mean

618
00:31:40,120 --> 00:31:41,960
Speaker 1: there's so many things going into of course, the big

619
00:31:41,960 --> 00:31:43,720
Speaker 1: thing that everyone wants to kind of hide or run

620
00:31:43,760 --> 00:31:46,840
Speaker 1: from his entitlement reform. I mean, that's the that's the

621
00:31:46,880 --> 00:31:53,440
Speaker 1: biggest thing. We weren't unsustainable and Richard Faller, here we go,

622
00:31:53,560 --> 00:31:56,240
Speaker 1: and here we go again at pensions, Here we go again.

623
00:31:57,720 --> 00:31:59,480
Speaker 1: This is the part of this is here in lies

624
00:31:59,520 --> 00:32:03,160
Speaker 1: the problem every time. Mind you, Under President Obama, we

625
00:32:03,200 --> 00:32:05,800
Speaker 1: worked on bringing the deficit down, We worked on making

626
00:32:05,840 --> 00:32:10,320
Speaker 1: cuts to domestic spending. Republicans come in, they explode the deficit,

627
00:32:10,320 --> 00:32:12,280
Speaker 1: and then when the deficit explodes under their watch, like, oh,

628
00:32:12,320 --> 00:32:14,240
Speaker 1: we've got to talk about entire reform. We've got to

629
00:32:14,280 --> 00:32:16,360
Speaker 1: talk about cutting checks to grandma. We've got to talk

630
00:32:16,360 --> 00:32:18,880
Speaker 1: about cutting checks to grandpa. Happens every single time. It's

631
00:32:18,880 --> 00:32:20,600
Speaker 1: like pulling the talking I could pull out your old

632
00:32:20,600 --> 00:32:23,400
Speaker 1: talking points from five years old. Correct me if I'm wrong.

633
00:32:23,560 --> 00:32:27,080
Speaker 1: Didn't the national debt, however, double during but the national

634
00:32:27,120 --> 00:32:30,040
Speaker 1: deficit per if you per capita or poor average, like

635
00:32:30,080 --> 00:32:32,440
Speaker 1: on average, went up more under President Trump than under

636
00:32:32,440 --> 00:32:35,120
Speaker 1: Barack Obama. I just criticizous. I just criticized the word

637
00:32:35,160 --> 00:32:37,840
Speaker 1: spend and a lot of the spending that is happening

638
00:32:37,840 --> 00:32:39,600
Speaker 1: at the A lot of it's gone to the He's like,

639
00:32:39,640 --> 00:32:41,880
Speaker 1: we rebuilt the military, but something is spending that's happened

640
00:32:41,880 --> 00:32:45,160
Speaker 1: at the d D is spending not even the generals wanted. Alright, alright, wait,

641
00:32:45,360 --> 00:32:46,960
Speaker 1: by you know who had a good day though? What

642
00:32:47,040 --> 00:32:49,480
Speaker 1: we're talking about debt and deficit? You guys? Did you

643
00:32:49,480 --> 00:32:52,640
Speaker 1: guys see this in Forbes Today's Trending nationally? On Twitter,

644
00:32:53,080 --> 00:32:58,880
Speaker 1: Kylie Jenner Kylie Jenner at one years old, so much

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00:32:58,880 --> 00:33:02,800
Speaker 1: ice she can skate on. Okay, you' ready for this? Ever?

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00:33:03,200 --> 00:33:07,960
Speaker 1: Self billionaire? Can I just say? Self made means you

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00:33:08,080 --> 00:33:10,080
Speaker 1: we were billionaire without the aid of anybody, and she's

648
00:33:10,120 --> 00:33:13,480
Speaker 1: not self made. Oh I gotta, I gottagree with them there.

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00:33:13,520 --> 00:33:16,360
Speaker 1: I mean, it's at this point this is a family program.

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00:33:16,760 --> 00:33:20,240
Speaker 1: But we all know where the enterprise started. And again

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00:33:20,640 --> 00:33:22,960
Speaker 1: I'm not judging. I'm saying, hey, this prom here goes

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00:33:23,000 --> 00:33:26,840
Speaker 1: to Chris Jenner, her mother, who Hey, listen, we can

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00:33:26,920 --> 00:33:29,800
Speaker 1: keep up with the Kardashian we keep up with us,

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00:33:29,920 --> 00:33:32,360
Speaker 1: We keep up with everyone. Okay, we're moving on. We

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00:33:32,480 --> 00:33:35,360
Speaker 1: got a heartbreak. I want to thank Richard Dowler, Jason Miller,

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00:33:35,800 --> 00:33:39,479
Speaker 1: uh and Kylie Jenner. Tomorrow, Congressman Chris Stewart joins us.

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00:33:39,840 --> 00:33:42,240
Speaker 1: I'm Kevin cereally check us out on iTunes and I

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00:33:42,360 --> 00:33:45,560
Speaker 1: heart and everyone. Uh My producer just said they can't

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00:33:45,560 --> 00:33:50,000
Speaker 1: even agree on the Kardashians. You're listening to Bloomberg one.

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Speaker 1: Have a good one. Everybody,