WEBVTT - Bloomberg's Nizza on Trump's Visit With President Nieto (Audio)

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<v Speaker 1>I'm Charlie Pellet. Moments ago we heard from sales Force

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<v Speaker 1>Has stacked down two tenths of one percent. Gold down

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<v Speaker 1>four eight ouncet oh eight, A drop there of four

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<v Speaker 1>tenths of one percent. I'm Charlie Pellet, and that's a

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<v Speaker 1>Bloomberg Business splash. This is taking stock with Pim's Box

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<v Speaker 1>and Kathleen Hayes on Bloomberg Radio Donald Trump UH and

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<v Speaker 1>a candidate for the US presidency, the actual Mexican President,

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<v Speaker 1>their meeting this afternoon. The it was the meeting was

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<v Speaker 1>announced just hours beforehand, but apparently there was an agenda

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<v Speaker 1>already hammered out by both sides to set this up. Now,

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<v Speaker 1>this is the same Donald Trump who famously said, as

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<v Speaker 1>his campaign was getting off the ground during the primaries

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<v Speaker 1>that the US would build a wall with Mexico to

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<v Speaker 1>keep out illegal immigrants and Mexican would Mexic would pay

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<v Speaker 1>for it. This just you kind of wonder if this

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<v Speaker 1>is you know, Lamb's lying down with lions or what.

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<v Speaker 1>But anyway to make sense for it. Now, we're very

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<v Speaker 1>happy to welcome back to the show from our Bloomberg

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<v Speaker 1>Politics team, Mike NEETs. In fact, he's the executive editor

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<v Speaker 1>for Bloomberg Politics. A Mike, what's going on the world

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<v Speaker 1>is a complicated place, isn't it though? And fascinatingly interesting? Yes,

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<v Speaker 1>And we're all kind of struggling to compute all the

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<v Speaker 1>angles here on what's going on today. And and like

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<v Speaker 1>you said, what we started thinking about just a few

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<v Speaker 1>hours ago late last night. Um, you know, Trump has

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<v Speaker 1>a lot to gain by going abroad and and uh

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<v Speaker 1>looking presidential and standing shoulder shoulder with the leader of

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<v Speaker 1>another nation, especially one that he uh, a nation that

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<v Speaker 1>he's criticized so heavily during his campaign. UM, and the

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<v Speaker 1>Mexican leader apparently had had a lot to gain to

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<v Speaker 1>his His approval ratings in Mexico are extremely low right now.

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<v Speaker 1>He's heading into a State of the Union later this week,

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<v Speaker 1>and he's got a few he's got a plagiarism scandal

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<v Speaker 1>dealing with that he's dealing with too, So I think

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<v Speaker 1>he wanted to change the subject. So is how unusual

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<v Speaker 1>is it for uh a sitting president of any country

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<v Speaker 1>to meet with someone who's running for office from the

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<v Speaker 1>United States. It's six extremely unusual, and especially in this

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<v Speaker 1>formula of a setting. Uh. We really can't think of

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<v Speaker 1>another time that this has happened. Obviously, Uh there's that

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<v Speaker 1>that old saying about politics stops at the water's edge

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<v Speaker 1>for for Americans and UH, and that there's no parties

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<v Speaker 1>once you go abroad, but when you're campaigning on one side,

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<v Speaker 1>that's kind of different. And I think there's there's even

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<v Speaker 1>some uh, some serious uh ways that this expresses itself,

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<v Speaker 1>such as, UH, whether Donald Trump can actually engage in

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<v Speaker 1>negotiations with a foreign leader as opposed to discussions. So

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<v Speaker 1>I think they're they're being very careful and describing everything

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<v Speaker 1>happening today and everything happened in the run up to

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<v Speaker 1>this meeting as discussions and not anything more serious response

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<v Speaker 1>from the Clinton camp. Yeah, they're they're trying to remind

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<v Speaker 1>everyone about how how harsh Donald Trump has been towards

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<v Speaker 1>Mexico and how uh no matter what happens today, it

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<v Speaker 1>won't change the fact that he that that he said

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<v Speaker 1>certain things and that he stands for certain things. So

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<v Speaker 1>they're really trying to focus on the substance rather than

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<v Speaker 1>the you know, the style of this event. So this

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<v Speaker 1>is obviously occurring today. Donald Trump is getting ready to

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<v Speaker 1>give a speech on immigration. How do we gonna how

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<v Speaker 1>do you expect what happens to day to weave into

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<v Speaker 1>that speech? So yeah, I think if you take a

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<v Speaker 1>step back and look look at what people were saying

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<v Speaker 1>about Trump and his immigration proposals maybe two weeks ago, uh,

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<v Speaker 1>it looked like he was a bit of a mess.

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<v Speaker 1>He was him and his advisers were saying a lot

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<v Speaker 1>of contradictory things about what he stood for and what

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<v Speaker 1>he didn't stand for. UM, it was very confusing. They

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<v Speaker 1>canceled an immigration speech once they they looked like they

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<v Speaker 1>were really they were also in the middle of overhauling

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<v Speaker 1>the campaign that UH, Paul Mantaforth, the former campaign chairman

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<v Speaker 1>left and and uh two others took over, and so

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<v Speaker 1>that they kind of looked like they didn't they weren't

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<v Speaker 1>sure about what they were going to do. But that

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<v Speaker 1>has culminated, it culminated today with this kind of bold

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<v Speaker 1>series of events that look that that look like the

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<v Speaker 1>product of a lot of planning. Okay, Hispanic leaders in

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<v Speaker 1>the United States, elected officials, leaders of various organizations. One

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<v Speaker 1>are some of the latest things they've said. Do we

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<v Speaker 1>have any response today for many of those people about

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<v Speaker 1>Trump meeting with and the opinion yet Mexico's president. Yeah,

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<v Speaker 1>so the meeting is going going on right now, So

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<v Speaker 1>I'm really curious to hear what they think once it's over.

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<v Speaker 1>But I think the the uh, the comments that I

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<v Speaker 1>saw before and earlier today, we're all quite negative, you know,

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<v Speaker 1>kind of in the spirit of what Hillary Clinton said

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<v Speaker 1>that that he said a lot of things and he

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<v Speaker 1>stands for a lot of things, and no meeting can

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<v Speaker 1>So what if Donald Trump says comes out and says,

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<v Speaker 1>you know what, I think Mexico is a great country.

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<v Speaker 1>I think Mexicans are great people, and I think he

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<v Speaker 1>has said words to that effect. What he said is

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<v Speaker 1>he thinks that there's too many Mexican criminals. He's visiting

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<v Speaker 1>the said rapists who are immigrating. He's also said he

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<v Speaker 1>thinks that illegal immigration not going through the proper channels

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<v Speaker 1>is wrong. So what if he says, I still think that.

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<v Speaker 1>But guess what, I know that we have tons of Hispanics,

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<v Speaker 1>you know, children of immigrants who got who legally I'm

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<v Speaker 1>all for them, I'm all for the country. Does that

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<v Speaker 1>somehow start treating the tide for Donald Trump. So it's

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<v Speaker 1>certainly a softening, it's certainly something worth trying for him. Uh.

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<v Speaker 1>It's it's unclear whether his policies can change that much

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<v Speaker 1>given the coalition he's put together so far. But if

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<v Speaker 1>he saw softens on certain things such as those, he

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<v Speaker 1>might be able to attract more of the areas he's

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<v Speaker 1>struggling with, such as women. When you say the coalitions

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<v Speaker 1>put together to be mostly white men as opposed to

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<v Speaker 1>Hispanic or African America. What do you mean by so

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<v Speaker 1>not so? White men and women without college degrees are

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<v Speaker 1>kind of the main core, and they it is cool

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<v Speaker 1>in the people running his campaign you mean his followers,

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<v Speaker 1>then he's solition. Okay, So what does he have to

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<v Speaker 1>do in your mind? You got about thirty seconds left her.

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<v Speaker 1>I mean, is there anything he can do to convince

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<v Speaker 1>the rank and file, the people on the street, the

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<v Speaker 1>middle the middle class of this country who are descended

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<v Speaker 1>for um, you know, Hispanic immigrants, that he is on

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<v Speaker 1>their side somehow. So I really think we have to

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<v Speaker 1>take this day by day. Donald Trump may and today

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<v Speaker 1>very positively. You know, he he might have gone all

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<v Speaker 1>the way to Mexico, had a productive discussion and then

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<v Speaker 1>uh precedent with with the Mexican president deliver speech. It

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<v Speaker 1>could all be uh, it could all be quite substantive.

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<v Speaker 1>But he's got put together a lot more days. It's

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<v Speaker 1>gonna make that presidential debate all the more interesting. Mike

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<v Speaker 1>needs to thank you so very much, executive editor for

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<v Speaker 1>Bloomberg Politics. I want to thank Reggie Basil, our technical director,

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<v Speaker 1>Sam linga Are, producer Pim Fox on vacation. Hi, Pim,

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<v Speaker 1>come back soon. I'm Kathleen Hayes, and this is Bloomberg.

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<v Speaker 1>Coming up on Bloomberg Law. The federal government lodging some

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<v Speaker 1>antitrust complaints against Deer and Mons Santo. Greg Store from

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<v Speaker 1>Washington on Bloomberg Law, coming up on Bloomberg Radio. This

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<v Speaker 1>is Bloomberg