1 00:00:01,680 --> 00:00:06,200 Speaker 1: Now from our nation's capital. This is Bloomberg sound On. 2 00:00:07,080 --> 00:00:11,239 Speaker 1: As the Queen herself did with such unswerving devotion, I 3 00:00:11,520 --> 00:00:16,880 Speaker 1: too now solemnly pledged myself to uphold the constitutional principles 4 00:00:17,520 --> 00:00:19,600 Speaker 1: at the heart of our nations. Like I think, he's 5 00:00:19,640 --> 00:00:21,959 Speaker 1: got a huge challenge of hate things He's writed a 6 00:00:22,000 --> 00:00:26,480 Speaker 1: long time. Bloomberg sound On Politics, policy and perspective from 7 00:00:26,600 --> 00:00:31,080 Speaker 1: DC's top names. The war in Ukraine is entering a 8 00:00:31,160 --> 00:00:36,000 Speaker 1: critical face. So far Russian strategic objectives have been defeated. 9 00:00:36,000 --> 00:00:42,040 Speaker 1: Bloomberg sound On with Joe Matthew on Bloomberg Radio, Charles 10 00:00:42,080 --> 00:00:45,560 Speaker 1: the Third delivers his first speech as King. Welcome to 11 00:00:45,600 --> 00:00:48,960 Speaker 1: the fastest hour in politics on another historic day in 12 00:00:49,000 --> 00:00:51,920 Speaker 1: the UK with its new monarch, addressing the path forward 13 00:00:51,960 --> 00:00:55,000 Speaker 1: even as he mourns the loss of his mother. Will 14 00:00:55,040 --> 00:00:57,720 Speaker 1: be joined this hour by Ellie Woodacre, royal expert from 15 00:00:57,720 --> 00:01:02,400 Speaker 1: Winchester University, along with Emmy Award winning documentary and Anthony Geffen, 16 00:01:02,440 --> 00:01:07,280 Speaker 1: who conducted Queen Elizabeth's only televised interview. Later this hour, 17 00:01:07,360 --> 00:01:11,000 Speaker 1: the Ukrainian counter offensive takes hold, surprising many with its speed. 18 00:01:11,080 --> 00:01:13,039 Speaker 1: These past couple of days. Will get an update from 19 00:01:13,040 --> 00:01:16,800 Speaker 1: Washington and a conversation with Bloomberg national security expert Nick 20 00:01:16,840 --> 00:01:20,920 Speaker 1: wadhams Our signature panel is back together. Bloomberg Politics contributors 21 00:01:20,959 --> 00:01:23,399 Speaker 1: Rick Davis and Jeanie Chanzano are with us for the 22 00:01:23,440 --> 00:01:26,760 Speaker 1: hour as Bloomberg Radio brings you the first draft of 23 00:01:26,880 --> 00:01:32,399 Speaker 1: history on another historic day in London. Sound from a 24 00:01:32,520 --> 00:01:35,640 Speaker 1: ninety six gun salute at the Tower of London this 25 00:01:35,680 --> 00:01:39,240 Speaker 1: morning for the passing of the ninety six year old Queen. 26 00:01:40,520 --> 00:01:44,440 Speaker 1: As the UK proceeds with ten days of mourning and 27 00:01:44,480 --> 00:01:47,319 Speaker 1: condolence has continued to stream in from around the world, 28 00:01:47,319 --> 00:01:52,120 Speaker 1: including here in Washington. The President Biden now confirms he 29 00:01:52,160 --> 00:01:55,440 Speaker 1: will attend Queen Elizabeth's funeral, though details on who will 30 00:01:55,520 --> 00:01:59,920 Speaker 1: join him remain unknown. As our details about the same 31 00:02:00,080 --> 00:02:04,800 Speaker 1: m King Charles the Third smoke in a televised address 32 00:02:04,840 --> 00:02:07,680 Speaker 1: to Britain and the Commonwealth. As the Queen herself did 33 00:02:07,720 --> 00:02:14,040 Speaker 1: with such unswerving devotion, I too now solemnly pledged myself 34 00:02:14,720 --> 00:02:19,200 Speaker 1: throughout the remaining time God grants me to uphold the 35 00:02:19,280 --> 00:02:26,800 Speaker 1: constitutional principles at the heart of our nation. A somber speech, 36 00:02:26,880 --> 00:02:29,000 Speaker 1: as you heard live on Bloomberg Radio, is recorded in 37 00:02:29,040 --> 00:02:32,520 Speaker 1: the Blue drawing room at Buckingham Palace. The new King 38 00:02:32,560 --> 00:02:36,720 Speaker 1: addressed his own family, with Catherine beside him. Our new 39 00:02:36,840 --> 00:02:40,960 Speaker 1: Prince and Princess of Wales, will I know, continue to 40 00:02:41,040 --> 00:02:45,680 Speaker 1: inspire and lead our national conversations, helping to bring the 41 00:02:45,840 --> 00:02:50,239 Speaker 1: marginal to the center ground where vital help can be given. 42 00:02:52,440 --> 00:02:55,960 Speaker 1: I want also to express my love for Harry and 43 00:02:56,040 --> 00:03:01,880 Speaker 1: Megan as they continue to build their lives overseas. The 44 00:03:01,960 --> 00:03:04,480 Speaker 1: King later held a private audience with the UK's new 45 00:03:04,560 --> 00:03:11,120 Speaker 1: Prime Minister, Liz Trusts, as part of his first full 46 00:03:11,240 --> 00:03:16,720 Speaker 1: day as king. That's where we start in a conversation 47 00:03:16,760 --> 00:03:20,600 Speaker 1: with Ellie Wouldacre, Winchester University, Royal expert. Ellie, thank you 48 00:03:20,639 --> 00:03:22,640 Speaker 1: for joining us and I know it's late where you are, 49 00:03:22,680 --> 00:03:26,520 Speaker 1: so we appreciate your time here. Um, I wonder your thoughts, 50 00:03:27,040 --> 00:03:29,600 Speaker 1: just to start off with. On this address, he looked 51 00:03:29,720 --> 00:03:32,679 Speaker 1: like he had had an emotional couple of days, as 52 00:03:32,800 --> 00:03:36,400 Speaker 1: anyone would hours after losing their own mother. But we 53 00:03:36,480 --> 00:03:39,160 Speaker 1: also saw him outdoors today shaking hands with people on 54 00:03:39,200 --> 00:03:43,360 Speaker 1: that rope. Line's pretty dramatic video to see before he 55 00:03:43,440 --> 00:03:47,640 Speaker 1: delivered this speech. How did he do? I think he's 56 00:03:47,640 --> 00:03:50,840 Speaker 1: gotten off to a very good start. Obviously again it 57 00:03:50,960 --> 00:03:53,960 Speaker 1: is it is a huge personal shock to him. I'm 58 00:03:53,960 --> 00:03:57,120 Speaker 1: obviously we all knew that the Queen was in increasingly 59 00:03:57,160 --> 00:04:00,280 Speaker 1: poor health with her mobility issues and obvious so he 60 00:04:00,280 --> 00:04:02,360 Speaker 1: would have been prepared for this day, you know, for 61 00:04:02,480 --> 00:04:05,560 Speaker 1: many decades. But yet the personal kind of told that 62 00:04:05,600 --> 00:04:07,880 Speaker 1: it must take on him as a son, losing his 63 00:04:07,960 --> 00:04:11,680 Speaker 1: mother as well as having to step into this incredibly 64 00:04:11,720 --> 00:04:15,000 Speaker 1: important role of becoming king all at once. It is 65 00:04:15,040 --> 00:04:16,920 Speaker 1: it is a major kind of shift in his own 66 00:04:16,960 --> 00:04:19,560 Speaker 1: life and in the life of Britain as well. It 67 00:04:19,600 --> 00:04:22,320 Speaker 1: seems most of the narrative has been around his personality. 68 00:04:22,400 --> 00:04:24,320 Speaker 1: Now how you know, he's he's going to have to 69 00:04:24,360 --> 00:04:28,680 Speaker 1: go from being a kind of a quiet onlooker to 70 00:04:28,800 --> 00:04:31,440 Speaker 1: someone who is more engaged and is speaking more and 71 00:04:31,880 --> 00:04:36,640 Speaker 1: spending more time in public as he prepared for that absolutely, 72 00:04:36,680 --> 00:04:39,240 Speaker 1: and I think Prince Charles has always been a very 73 00:04:39,279 --> 00:04:41,279 Speaker 1: public figure, but I do think we will see a 74 00:04:41,320 --> 00:04:44,000 Speaker 1: shift and a change in him, and that while he 75 00:04:44,080 --> 00:04:48,000 Speaker 1: was Prince of Wales, he was more outspoken about causes 76 00:04:48,040 --> 00:04:52,320 Speaker 1: that were dear to him. He was more again able 77 00:04:52,360 --> 00:04:55,080 Speaker 1: to kind of play to his own personal interests as well, 78 00:04:55,640 --> 00:04:57,800 Speaker 1: um in a way that he will now need to 79 00:04:57,880 --> 00:05:00,200 Speaker 1: step back from and he was very honest about that 80 00:05:00,279 --> 00:05:02,719 Speaker 1: in his speech about kind of taking on this new 81 00:05:02,839 --> 00:05:06,159 Speaker 1: role that the sovereign kind of stands apart and and 82 00:05:06,160 --> 00:05:09,479 Speaker 1: and occupies this very particular position as head of state. 83 00:05:09,600 --> 00:05:12,480 Speaker 1: So it's almost like Charles the individual is having to 84 00:05:12,560 --> 00:05:15,280 Speaker 1: kind of be set aside to become King Charles. Can 85 00:05:15,279 --> 00:05:18,280 Speaker 1: you articulate the challenges he's facing? And I don't know 86 00:05:18,320 --> 00:05:20,880 Speaker 1: if I should call them political challenges, because of course 87 00:05:20,880 --> 00:05:24,080 Speaker 1: he's not going to be governing this nation, but he's 88 00:05:24,160 --> 00:05:28,480 Speaker 1: coming into power at at a precarious time with Brexit, 89 00:05:28,560 --> 00:05:32,480 Speaker 1: with a brand new prime minister. Of course, I mean, 90 00:05:32,880 --> 00:05:35,440 Speaker 1: you're absolutely right, and that his role as the kind 91 00:05:35,480 --> 00:05:39,120 Speaker 1: of constitutional monarch means that he's not directly responsible for 92 00:05:39,279 --> 00:05:42,640 Speaker 1: setting policy and for ruling. And yet it is a 93 00:05:42,640 --> 00:05:44,919 Speaker 1: difficult time for the nation. It's a difficult time for 94 00:05:44,920 --> 00:05:47,200 Speaker 1: the world. I think we've all felt like we're living 95 00:05:47,240 --> 00:05:49,800 Speaker 1: through kind of historic times with all of the challenges 96 00:05:50,160 --> 00:05:53,840 Speaker 1: of the last few years politically, with the pandemic, um 97 00:05:53,880 --> 00:05:56,320 Speaker 1: with everything going on with the war in the Ukraine, 98 00:05:56,360 --> 00:05:58,839 Speaker 1: climate change, I mean, the list of you know, issues 99 00:05:59,160 --> 00:06:01,960 Speaker 1: is huge, and certainly for the new prime ministers. Trust 100 00:06:02,000 --> 00:06:04,719 Speaker 1: she will be dealing with those. But it is Charles's 101 00:06:04,880 --> 00:06:07,599 Speaker 1: role to try to kind of study the ship of 102 00:06:07,640 --> 00:06:10,719 Speaker 1: state and in these times. And I think obviously his 103 00:06:10,800 --> 00:06:13,719 Speaker 1: own mother came to the throne in the post war 104 00:06:13,800 --> 00:06:16,280 Speaker 1: period when Britain was very much kind of rebuilding, and 105 00:06:16,320 --> 00:06:21,680 Speaker 1: she herself saw written through years of political turbulence, economic turbulence, 106 00:06:21,760 --> 00:06:24,039 Speaker 1: and yet you know, again her role was to provide 107 00:06:24,040 --> 00:06:26,440 Speaker 1: continuity in all of that. So I think Charles will 108 00:06:26,760 --> 00:06:29,400 Speaker 1: seek to do the same. But this is why a 109 00:06:29,400 --> 00:06:32,720 Speaker 1: lot of Americans, you know, use the term figurehead, because 110 00:06:32,880 --> 00:06:35,479 Speaker 1: I think we all have a hard time understanding what 111 00:06:35,640 --> 00:06:38,800 Speaker 1: it is the king or queen is supposed to do. 112 00:06:39,960 --> 00:06:42,400 Speaker 1: Absolutely well, his role is to be head of state, 113 00:06:42,520 --> 00:06:45,360 Speaker 1: and yes it is a largely ceremonial role. I mean, 114 00:06:45,720 --> 00:06:48,600 Speaker 1: constitutional monarchy has developed, you know, since the kind of 115 00:06:48,600 --> 00:06:52,000 Speaker 1: glorious revolution back in the seventeenth century to the present day, 116 00:06:52,440 --> 00:06:54,320 Speaker 1: and that has led to the fact that there's a 117 00:06:54,360 --> 00:06:57,600 Speaker 1: strange situation where in theory there is a great deal 118 00:06:57,640 --> 00:07:00,760 Speaker 1: of power that the royals still have in terms of prerogative, 119 00:07:01,080 --> 00:07:04,080 Speaker 1: but in practice what that means is that that the 120 00:07:04,200 --> 00:07:07,240 Speaker 1: royals do not exercise that the sovereign does not exercise 121 00:07:07,320 --> 00:07:09,680 Speaker 1: that prerogative, and so their job is to be a 122 00:07:09,840 --> 00:07:12,640 Speaker 1: political and to be merely, as you said, more of 123 00:07:12,680 --> 00:07:16,160 Speaker 1: a figurehead as his head of state. Elly, what do 124 00:07:16,200 --> 00:07:18,360 Speaker 1: you make of the nod and the language that he 125 00:07:18,520 --> 00:07:22,320 Speaker 1: chose to reach out to Harry and Megan towards the 126 00:07:22,440 --> 00:07:24,760 Speaker 1: end of the address and wish them luck. I think 127 00:07:24,760 --> 00:07:28,679 Speaker 1: he said in building their lives overseas? Is that was 128 00:07:28,680 --> 00:07:30,800 Speaker 1: Was that the right thing to say at this time? 129 00:07:30,880 --> 00:07:32,640 Speaker 1: Did it sound like a kiss off to you? How 130 00:07:32,640 --> 00:07:35,520 Speaker 1: would you describe it? No? I think it was. It 131 00:07:35,560 --> 00:07:38,120 Speaker 1: was very significant that he included them, and I think 132 00:07:38,440 --> 00:07:41,920 Speaker 1: it is important that I think the monarchy is moving 133 00:07:41,920 --> 00:07:45,680 Speaker 1: into this more slimmed down format if you like, that 134 00:07:45,720 --> 00:07:48,360 Speaker 1: focuses on the direct line of succession, of which you know, 135 00:07:48,440 --> 00:07:50,720 Speaker 1: Harry and Megan are part. I mean, Harry is now 136 00:07:51,360 --> 00:07:53,800 Speaker 1: the son of the sovereign and that that does put 137 00:07:53,880 --> 00:07:56,440 Speaker 1: him in a very significant position. So I think he 138 00:07:56,600 --> 00:07:59,080 Speaker 1: was being inclusive, if you like, and trying to kind 139 00:07:59,120 --> 00:08:02,040 Speaker 1: of show his immediate family as being the kind of 140 00:08:02,080 --> 00:08:05,200 Speaker 1: the key center of the royal family and including Harry Meger. 141 00:08:05,320 --> 00:08:07,240 Speaker 1: So that was reaching out in a in a genuine 142 00:08:07,240 --> 00:08:12,120 Speaker 1: way in your opinion, I think so. I think so again. Obviously, 143 00:08:12,560 --> 00:08:15,120 Speaker 1: you know, much of that kind of discussion around his 144 00:08:15,160 --> 00:08:17,840 Speaker 1: family was talking about William taking on the role of 145 00:08:17,880 --> 00:08:21,400 Speaker 1: Prince of Wales and Catherine his wife as Princess of Wales. 146 00:08:22,000 --> 00:08:24,320 Speaker 1: But the fact that again he did mention Harry and Megan, 147 00:08:24,360 --> 00:08:26,560 Speaker 1: I think made it that he wanted it to not 148 00:08:26,680 --> 00:08:29,600 Speaker 1: just be about William, you know, you moving up the 149 00:08:29,680 --> 00:08:31,760 Speaker 1: rank if you like, in terms of the succession that 150 00:08:31,800 --> 00:08:34,800 Speaker 1: he was including and mentioning them and again supporting their 151 00:08:34,880 --> 00:08:37,720 Speaker 1: choice to to build a different life for themselves. Ellie, 152 00:08:37,720 --> 00:08:39,640 Speaker 1: thank you so much for spending some time with a. 153 00:08:39,720 --> 00:08:44,520 Speaker 1: Sally Woodacre is Winchester University's royal expert, and helping us 154 00:08:44,559 --> 00:08:47,240 Speaker 1: understand some of the next steps and challenges for the 155 00:08:47,400 --> 00:08:50,320 Speaker 1: new King. Charles. I'm not used to saying it yet, 156 00:08:51,800 --> 00:08:54,600 Speaker 1: but I will get there. As we add another voice 157 00:08:54,600 --> 00:08:57,320 Speaker 1: to the conversation, Anthony Geffen looking forward to this Emmy 158 00:08:57,400 --> 00:09:01,679 Speaker 1: winning documentary and produced The Horror Nation. Remember this documentary, 159 00:09:01,720 --> 00:09:05,880 Speaker 1: It was Queen Elizabeth's only television interview a few years back. 160 00:09:05,880 --> 00:09:10,040 Speaker 1: He's CEO and Creative director of Atlantic Productions and joins 161 00:09:10,120 --> 00:09:14,400 Speaker 1: us now on Bloomberg sound on Anthony. Welcome, great say, 162 00:09:14,520 --> 00:09:16,439 Speaker 1: very nice to be talking to you. Well, I look 163 00:09:16,480 --> 00:09:18,679 Speaker 1: forward to your reflections on the Queen. But first I 164 00:09:18,720 --> 00:09:22,160 Speaker 1: wonder how did you feel seeing King Charles speak today. 165 00:09:22,679 --> 00:09:25,079 Speaker 1: I think, you know, I think it's really hard because 166 00:09:25,080 --> 00:09:26,840 Speaker 1: in a way, the queen, you know, the Queen is 167 00:09:26,920 --> 00:09:31,480 Speaker 1: just died, and you know, but the British monarchy has 168 00:09:31,480 --> 00:09:35,560 Speaker 1: a system of outgoes one and incomes another, so you know, 169 00:09:35,600 --> 00:09:37,840 Speaker 1: we've got a new era. Um. I think he's a 170 00:09:37,960 --> 00:09:40,720 Speaker 1: he's a fine guy. He's he's waited a long time 171 00:09:40,800 --> 00:09:44,080 Speaker 1: too to get the job, and I think he's going 172 00:09:44,120 --> 00:09:45,920 Speaker 1: to do a good job, you know, once he gets going. 173 00:09:46,600 --> 00:09:48,719 Speaker 1: Many of us in America, including me, by the way, 174 00:09:48,720 --> 00:09:51,960 Speaker 1: have been struck by the level of emotion that people 175 00:09:52,000 --> 00:09:54,520 Speaker 1: are showing in the UK. And I wonder how that 176 00:09:54,559 --> 00:09:59,120 Speaker 1: emotion plays out for her son, the new king. Oh, 177 00:09:59,160 --> 00:10:02,160 Speaker 1: I think usually. I mean they've always had a very 178 00:10:02,200 --> 00:10:06,800 Speaker 1: close relationship. Um And I think you know, he's he's 179 00:10:06,840 --> 00:10:09,640 Speaker 1: like anyone with a mother at that age, you know, 180 00:10:09,720 --> 00:10:10,960 Speaker 1: you have you have a very close but he had 181 00:10:11,000 --> 00:10:15,480 Speaker 1: a particularly close bond with her beyond other members of 182 00:10:15,480 --> 00:10:19,120 Speaker 1: the family. Does that create a level of empathy though 183 00:10:19,160 --> 00:10:21,880 Speaker 1: with the people they're they're all obviously they're mourning his 184 00:10:22,000 --> 00:10:25,160 Speaker 1: mother as he does the same. And that image of 185 00:10:25,240 --> 00:10:27,600 Speaker 1: him outside shaking hands with people on the rope line 186 00:10:27,640 --> 00:10:32,760 Speaker 1: today was really striking, very powerful, and you know, he's 187 00:10:32,800 --> 00:10:37,000 Speaker 1: a he's a very interesting man or enduring man, and 188 00:10:37,120 --> 00:10:39,559 Speaker 1: I think people don't really know him. He's been sitting 189 00:10:39,600 --> 00:10:42,120 Speaker 1: in the shadows and he's now going to come out 190 00:10:42,160 --> 00:10:44,160 Speaker 1: of the shadows. And I think he's been preparing and 191 00:10:44,240 --> 00:10:47,160 Speaker 1: thinking about the role, but much longer than any English 192 00:10:47,160 --> 00:10:49,880 Speaker 1: monarch in a thousand years of history, and so I think, 193 00:10:50,000 --> 00:10:51,480 Speaker 1: you know, I think he's going to do a good job. 194 00:10:51,480 --> 00:10:53,959 Speaker 1: It's very hard though for him over the next period 195 00:10:54,000 --> 00:10:56,280 Speaker 1: really because you know, people people are going to take 196 00:10:56,320 --> 00:10:58,679 Speaker 1: a long time to let the queen go. You know, 197 00:10:58,720 --> 00:11:00,520 Speaker 1: I think they'll they'll turn you into a memory. But 198 00:11:00,800 --> 00:11:03,040 Speaker 1: in the moment it's dairy um. I mean walking around 199 00:11:03,040 --> 00:11:06,439 Speaker 1: Britain today, everyone from young and old, you know, are 200 00:11:06,559 --> 00:11:09,120 Speaker 1: very very emotional about it. It's it's really interesting and 201 00:11:09,240 --> 00:11:11,160 Speaker 1: not surprising. Did you get to know him well when 202 00:11:11,160 --> 00:11:14,559 Speaker 1: you were making the coronation? Yeah, yeah, I've met him 203 00:11:14,559 --> 00:11:17,800 Speaker 1: on several other occasions and again, I mean very impressed 204 00:11:17,800 --> 00:11:20,240 Speaker 1: by by him, and I think he's again he's had 205 00:11:20,280 --> 00:11:22,800 Speaker 1: to play everything very low key, because you know, in 206 00:11:22,840 --> 00:11:25,200 Speaker 1: some ways he he's spent high key in terms of 207 00:11:25,240 --> 00:11:29,240 Speaker 1: his views about plants and buildings. But but actually he's 208 00:11:29,280 --> 00:11:31,360 Speaker 1: held back for a while. And the older the Queen got, 209 00:11:31,559 --> 00:11:33,440 Speaker 1: the more he wanted to hold back. He didn't want 210 00:11:33,480 --> 00:11:36,320 Speaker 1: to be seen in any way to be to be 211 00:11:36,640 --> 00:11:39,320 Speaker 1: reigning on her parade. So how did you ever get 212 00:11:39,320 --> 00:11:42,520 Speaker 1: the Queen to do her only ever sit down interview 213 00:11:42,640 --> 00:11:46,200 Speaker 1: like this? Well? It was extraordinary. Really. I was a 214 00:11:46,240 --> 00:11:49,319 Speaker 1: colleague of Minchael Ellis the Bruce. We decided twenty years 215 00:11:49,400 --> 00:11:52,600 Speaker 1: before we got there in two thousand seventeen, that we 216 00:11:52,640 --> 00:11:55,680 Speaker 1: should really make this this film with the Queen, and 217 00:11:55,840 --> 00:11:58,440 Speaker 1: the Queen was very open to discussions, but she wasn't 218 00:11:58,440 --> 00:12:02,160 Speaker 1: open to making a film about the coronation flash forwards 219 00:12:02,360 --> 00:12:05,240 Speaker 1: many many years later. And it's kind of interesting that. 220 00:12:05,400 --> 00:12:07,319 Speaker 1: I think The Crown had quite an impact if you 221 00:12:07,360 --> 00:12:09,839 Speaker 1: think about it, because in The Crown you have Claire 222 00:12:09,880 --> 00:12:13,880 Speaker 1: Foy playing the Queen the Coronation, Yes, and I think 223 00:12:13,920 --> 00:12:16,400 Speaker 1: that the Queen always said to me she'd never watched it, 224 00:12:16,440 --> 00:12:18,680 Speaker 1: but I think she heard the influence, and I think 225 00:12:19,240 --> 00:12:22,679 Speaker 1: finally managed to get across that actually the real story 226 00:12:22,720 --> 00:12:25,760 Speaker 1: had to be done. No monarch had ever talked about 227 00:12:25,800 --> 00:12:28,600 Speaker 1: the coronation in a thousand years, and it was very 228 00:12:28,600 --> 00:12:31,080 Speaker 1: personal to her, and this was an extraordinary occasion that 229 00:12:31,320 --> 00:12:34,640 Speaker 1: you know, the world watched, but actually, you know, we 230 00:12:34,720 --> 00:12:36,840 Speaker 1: didn't really know what she was thinking. And I think 231 00:12:36,880 --> 00:12:39,840 Speaker 1: once we persuaded the powers that be and then the 232 00:12:39,920 --> 00:12:44,000 Speaker 1: Queen that this was her opportunity to talk about something 233 00:12:44,000 --> 00:12:46,240 Speaker 1: a she'd never talked about, being no one had ever 234 00:12:46,280 --> 00:12:49,960 Speaker 1: talked about, and was very personal to her, that was 235 00:12:50,080 --> 00:12:52,040 Speaker 1: very special, but it was a very hard thing to do. Now. 236 00:12:52,080 --> 00:12:54,120 Speaker 1: What's interesting is the New York Time called it the 237 00:12:54,160 --> 00:12:57,439 Speaker 1: program you know, the Queen unscripted, and that's correct. He 238 00:12:57,559 --> 00:12:59,520 Speaker 1: didn't go in with any scripts that she does normally. 239 00:13:00,000 --> 00:13:02,960 Speaker 1: Suede to her too. We got footage, for example, of 240 00:13:03,120 --> 00:13:06,920 Speaker 1: the coronation. Do you know what, she'd never seen the coronation, 241 00:13:07,000 --> 00:13:09,800 Speaker 1: never seen the footage of the coronation ever, so to 242 00:13:10,000 --> 00:13:13,040 Speaker 1: be showing her that she actually not very emotional, and 243 00:13:13,160 --> 00:13:15,160 Speaker 1: it took her back to being, you know, twenty seven 244 00:13:15,200 --> 00:13:17,760 Speaker 1: years old, and she told us wonderful stories about you 245 00:13:17,800 --> 00:13:20,600 Speaker 1: know how uncomfortable the carriage was or other person. No 246 00:13:20,640 --> 00:13:22,719 Speaker 1: one ever as ever understood why the Queen came to 247 00:13:22,760 --> 00:13:26,560 Speaker 1: a complete hold going up Westminster Abbey, and she told 248 00:13:26,640 --> 00:13:30,240 Speaker 1: us her foot got stuck in the in a rug. Suddenly, 249 00:13:30,559 --> 00:13:34,439 Speaker 1: you know something is very personal, very very personal. Stories 250 00:13:34,640 --> 00:13:38,400 Speaker 1: came out and uh, we were Another extraordinary thing is 251 00:13:38,440 --> 00:13:42,240 Speaker 1: no monet has ever really seen the sin Edward's crown twice, 252 00:13:42,640 --> 00:13:45,920 Speaker 1: but the Queen knew that she could call this favor, 253 00:13:45,960 --> 00:13:47,880 Speaker 1: and she called the favorite. So we we got her 254 00:13:47,920 --> 00:13:51,080 Speaker 1: from the Tower of London, which is unprecedented. This this 255 00:13:51,200 --> 00:13:53,440 Speaker 1: amazing crown, and she hadn't seen it was like an 256 00:13:53,480 --> 00:13:56,280 Speaker 1: old friend and she picked it up and there's very 257 00:13:56,280 --> 00:13:59,079 Speaker 1: funny moments. Actually was only three people who can touch 258 00:13:59,160 --> 00:14:01,640 Speaker 1: the crown. One is the crown jeweler, one is the 259 00:14:01,720 --> 00:14:03,640 Speaker 1: Archbishop of country, one of the Queen. And I said 260 00:14:03,679 --> 00:14:05,840 Speaker 1: to the crown jew could you move the crown? And 261 00:14:05,880 --> 00:14:07,679 Speaker 1: she just picked it up and said, I am the Queen. 262 00:14:10,200 --> 00:14:13,839 Speaker 1: The candor that we saw from the Queen was quite remarkable. 263 00:14:13,920 --> 00:14:18,880 Speaker 1: She spoke about actually wearing that crown, which was remarkable. 264 00:14:18,920 --> 00:14:21,440 Speaker 1: Let's listen for a while. Fortunately, my father and I 265 00:14:21,480 --> 00:14:24,680 Speaker 1: have about the same sort of shaped head. But once 266 00:14:24,680 --> 00:14:27,080 Speaker 1: you put it on, it stays. I mean, it just 267 00:14:27,160 --> 00:14:30,920 Speaker 1: remains itself. You have to keep your head very still, yes, 268 00:14:31,080 --> 00:14:33,320 Speaker 1: and you can't look down to read the speech. You 269 00:14:33,400 --> 00:14:36,560 Speaker 1: have to take the speech up because if you did, 270 00:14:36,600 --> 00:14:40,360 Speaker 1: your neck would break. Who did it fall off? So 271 00:14:40,480 --> 00:14:44,800 Speaker 1: there are some disadvantages to crowns, but otherwise they're quite 272 00:14:44,840 --> 00:14:48,120 Speaker 1: important things. They're quite important things. Anthony is just a 273 00:14:48,200 --> 00:14:51,040 Speaker 1: reminder that she had a great sense of humor, which 274 00:14:51,040 --> 00:14:54,280 Speaker 1: we saw on a number of visits here in the US. No, 275 00:14:54,440 --> 00:14:57,200 Speaker 1: she did another wonderful story where we were talking to her. 276 00:14:57,320 --> 00:14:59,320 Speaker 1: She didn't know the story of where the crown jewels 277 00:14:59,400 --> 00:15:01,920 Speaker 1: went during the war, and we found out through secret 278 00:15:01,920 --> 00:15:05,680 Speaker 1: documents that they were buried under part of the west 279 00:15:05,720 --> 00:15:10,640 Speaker 1: of the Windsor at Windsor Castle, and she we told 280 00:15:10,640 --> 00:15:13,280 Speaker 1: her the story and its extraordinary. Basically shoved them in 281 00:15:13,280 --> 00:15:15,640 Speaker 1: a hole, and the most valuable bits of a grund 282 00:15:15,680 --> 00:15:17,440 Speaker 1: Jules they put in a bar fall of a biscuit 283 00:15:17,480 --> 00:15:20,160 Speaker 1: tin to the Queen turned back to me and said, 284 00:15:21,000 --> 00:15:22,960 Speaker 1: what would have happened if the man who who had 285 00:15:22,960 --> 00:15:25,600 Speaker 1: done that had died or disappeared? We never would have 286 00:15:25,640 --> 00:15:27,800 Speaker 1: known where the cold jewels were, and she was way 287 00:15:27,840 --> 00:15:30,160 Speaker 1: ahead of the She had a berry dry censers humor. 288 00:15:30,440 --> 00:15:32,560 Speaker 1: She was way ahead of the courtiers who couldn't quite 289 00:15:32,600 --> 00:15:35,520 Speaker 1: keep up. And you know, that's the queen. She she 290 00:15:35,520 --> 00:15:39,680 Speaker 1: she just had this wonderful, wonderful sharp sense of humor 291 00:15:39,720 --> 00:15:42,280 Speaker 1: and and and it's she used it many many times 292 00:15:42,320 --> 00:15:44,720 Speaker 1: throughout her reign. But we were really lucky. I think 293 00:15:44,760 --> 00:15:46,760 Speaker 1: the period of filming this, a lot of people in 294 00:15:46,800 --> 00:15:49,520 Speaker 1: the courtiers I spoke to said, she's never been this open, 295 00:15:49,600 --> 00:15:52,520 Speaker 1: she'd never been this relax and it was because she 296 00:15:52,680 --> 00:15:55,840 Speaker 1: was reliving that moment. Now. I then found out white 297 00:15:55,880 --> 00:15:59,240 Speaker 1: to the twenty years it's because her father had just died. 298 00:16:00,160 --> 00:16:01,920 Speaker 1: She was twenty seven years old. She didn't want to 299 00:16:01,920 --> 00:16:05,040 Speaker 1: do the transmission of the coronation particularly, and so when 300 00:16:05,040 --> 00:16:07,760 Speaker 1: it was finished, she literally got everything metaphorically and put 301 00:16:07,800 --> 00:16:10,000 Speaker 1: it in the cupboard. And here I was coming along 302 00:16:10,320 --> 00:16:12,480 Speaker 1: and saying, can you now tell us about the coronation. 303 00:16:12,520 --> 00:16:15,400 Speaker 1: But once she's amazing. Once she got over that, my god, 304 00:16:15,400 --> 00:16:17,240 Speaker 1: she wanted everything. She said, you know, what dress do 305 00:16:17,240 --> 00:16:19,080 Speaker 1: you want me to wear? And what you know? Which 306 00:16:19,160 --> 00:16:21,280 Speaker 1: which diamond should I mean, it was amazing. She just 307 00:16:21,320 --> 00:16:24,240 Speaker 1: threw herself into it, and she was constantly great fun 308 00:16:24,400 --> 00:16:28,040 Speaker 1: and off off camera she was so sharp on politics. 309 00:16:28,080 --> 00:16:29,520 Speaker 1: I mean I was just chatting to her about things. 310 00:16:29,560 --> 00:16:32,280 Speaker 1: She was she was incredibly articulate. What would you think? 311 00:16:33,240 --> 00:16:36,840 Speaker 1: What would she think of the elaborate nature of this farewell, 312 00:16:37,360 --> 00:16:41,240 Speaker 1: this funeral that's now being planned. WHOA, that's difficult. I 313 00:16:41,280 --> 00:16:44,480 Speaker 1: mean the Queen, you know, really liked pageantry, and I think, 314 00:16:45,080 --> 00:16:47,200 Speaker 1: you know, people talk to her, I'm sure about what 315 00:16:47,240 --> 00:16:50,360 Speaker 1: was going to happen, but she was very modest too, 316 00:16:50,400 --> 00:16:52,080 Speaker 1: so I mean, sometimes we want to be talking about 317 00:16:52,080 --> 00:16:53,640 Speaker 1: things and she need to let clear everything down. But 318 00:16:53,680 --> 00:16:56,720 Speaker 1: I actually think she you know, she would actually probably 319 00:16:56,720 --> 00:16:59,640 Speaker 1: and I think she was consulted. I'm sure she accepted 320 00:16:59,680 --> 00:17:01,440 Speaker 1: that this needed to happen. I mean, you know, she's 321 00:17:01,480 --> 00:17:04,840 Speaker 1: the greatest monarchs that we've had, and in a modern 322 00:17:04,880 --> 00:17:08,480 Speaker 1: era where everybody split on ideas, that's pretty extraordinary. But 323 00:17:08,520 --> 00:17:10,720 Speaker 1: I was so lucky to spend the time with her 324 00:17:10,720 --> 00:17:13,280 Speaker 1: where she literally said, you know, I'm going to be 325 00:17:13,280 --> 00:17:16,320 Speaker 1: totally open with you. The courts were not allowed to 326 00:17:16,440 --> 00:17:19,200 Speaker 1: edit the questions and she actually had a good time. 327 00:17:19,280 --> 00:17:21,400 Speaker 1: You know. It's quite interesting. When the film was finished. 328 00:17:21,840 --> 00:17:23,520 Speaker 1: She was pleased with it, but she wanted to see 329 00:17:23,560 --> 00:17:26,480 Speaker 1: how her courtures are or various people at Fannery and 330 00:17:26,520 --> 00:17:28,720 Speaker 1: ports that she she asked him to watch it, and 331 00:17:28,720 --> 00:17:30,840 Speaker 1: she was quite nervous apparently, Wait and they all came 332 00:17:30,840 --> 00:17:32,879 Speaker 1: and they said, you're brilliant. And now that meant a 333 00:17:32,880 --> 00:17:35,679 Speaker 1: lot to her because I didn't do many programs, So 334 00:17:35,800 --> 00:17:38,080 Speaker 1: she was thrilled that she was good in the program. 335 00:17:38,640 --> 00:17:41,840 Speaker 1: Fascinating conversation with Anthony Geff and I appreciate your joining 336 00:17:41,880 --> 00:17:44,359 Speaker 1: us today, Anthony, and our condolences go out to you 337 00:17:44,480 --> 00:17:47,600 Speaker 1: from Washington, d C. Great well, not at all, very 338 00:17:47,640 --> 00:17:50,320 Speaker 1: nice speaking to you. It's a smbole our panel for 339 00:17:50,359 --> 00:17:53,240 Speaker 1: their take on everything we just heard. Bloomberg Politics contributors 340 00:17:53,320 --> 00:17:56,879 Speaker 1: Rick Davis and Jeanie Schanzino are here. Rick, we talked 341 00:17:57,040 --> 00:18:01,560 Speaker 1: yesterday about preparing for the speech and how to strike 342 00:18:01,600 --> 00:18:04,240 Speaker 1: the right tone and what was really not a political speech. 343 00:18:04,280 --> 00:18:06,880 Speaker 1: How did the King perform in this I guess very 344 00:18:06,920 --> 00:18:11,080 Speaker 1: delicate address. Yeah, I think it was very straightforward, very formal. 345 00:18:11,560 --> 00:18:14,359 Speaker 1: Uh And and I think we tend to diminish the 346 00:18:14,359 --> 00:18:16,920 Speaker 1: fact that he's been in public life since the day 347 00:18:16,920 --> 00:18:20,240 Speaker 1: he was born. I mean not like, you know, professionally 348 00:18:20,240 --> 00:18:22,520 Speaker 1: getting involved in politics and the United States or something, 349 00:18:22,560 --> 00:18:24,560 Speaker 1: and you know, being in office for a long time. 350 00:18:24,600 --> 00:18:27,200 Speaker 1: But since the day he was born, he was heir 351 00:18:27,359 --> 00:18:31,040 Speaker 1: to the throne. And so everything he's done, every education, 352 00:18:31,200 --> 00:18:35,119 Speaker 1: every class, every relationship that he's had has been in 353 00:18:35,119 --> 00:18:38,760 Speaker 1: the context of someday you'll be king. And so I 354 00:18:38,800 --> 00:18:42,479 Speaker 1: think that the he's been well trained for this moment. 355 00:18:42,600 --> 00:18:45,119 Speaker 1: This was sort of what all of this was building 356 00:18:45,200 --> 00:18:47,200 Speaker 1: up for. And the fact that it took over seventy 357 00:18:47,280 --> 00:18:51,800 Speaker 1: years to get here is a tribute to his patients 358 00:18:52,920 --> 00:18:55,800 Speaker 1: and drink that, uh. And I think he did he 359 00:18:55,880 --> 00:18:58,640 Speaker 1: did just fine. And I loved the fact that he 360 00:18:59,040 --> 00:19:03,800 Speaker 1: um uh sort of talked about that his boys as 361 00:19:03,840 --> 00:19:06,919 Speaker 1: a father would not as a king. What did you 362 00:19:06,920 --> 00:19:09,600 Speaker 1: make of that, you know, reaching out to after all 363 00:19:09,640 --> 00:19:13,560 Speaker 1: the controversy, Uh, Genie reaching out to Harry and Megan 364 00:19:13,600 --> 00:19:15,840 Speaker 1: the way he did today? It was did he did 365 00:19:15,880 --> 00:19:18,320 Speaker 1: he pick the right words to do that? Did it 366 00:19:18,440 --> 00:19:22,000 Speaker 1: feel legitimate? Yeah? I think it did. I think he 367 00:19:22,440 --> 00:19:25,680 Speaker 1: did a very good job today. And of course their 368 00:19:25,760 --> 00:19:31,320 Speaker 1: children are have titles now that their grandfather is king um, 369 00:19:31,359 --> 00:19:33,520 Speaker 1: and of course it's very important as both a father 370 00:19:33,600 --> 00:19:36,400 Speaker 1: and a father figure of a country that he displayed 371 00:19:36,440 --> 00:19:38,360 Speaker 1: that publicly, and I thought he did a good job. 372 00:19:38,400 --> 00:19:41,119 Speaker 1: I think the interesting part of this, of course, is 373 00:19:41,160 --> 00:19:43,960 Speaker 1: one of the things that Queen Elizabeth did so beautifully 374 00:19:44,280 --> 00:19:48,600 Speaker 1: was she became this symbol that was above politics, above 375 00:19:48,680 --> 00:19:51,040 Speaker 1: the phrase. So whether you were left, right or center, 376 00:19:51,440 --> 00:19:54,240 Speaker 1: you could have this love of and belief in the Queen. 377 00:19:54,920 --> 00:19:57,760 Speaker 1: And you know, that's going to be something that we're 378 00:19:57,760 --> 00:20:01,119 Speaker 1: going to see King Charles now have to live up to, 379 00:20:01,600 --> 00:20:03,479 Speaker 1: and it's going to be a little bit tougher, I 380 00:20:03,520 --> 00:20:06,600 Speaker 1: think for him, because he is somebody who has been 381 00:20:06,640 --> 00:20:10,280 Speaker 1: a little bit more explicit about his political views, not 382 00:20:10,320 --> 00:20:13,639 Speaker 1: necessarily left and right, but on traditionalism and other things. 383 00:20:13,960 --> 00:20:16,400 Speaker 1: And that's going to be something to watch because it's 384 00:20:16,440 --> 00:20:19,800 Speaker 1: been that symbolic about the free aspect that is, you know, 385 00:20:19,920 --> 00:20:23,840 Speaker 1: revived the monarchy while the British Empire was collapsing around her, 386 00:20:24,240 --> 00:20:27,080 Speaker 1: and for him to sustain that is going to be 387 00:20:27,160 --> 00:20:29,440 Speaker 1: something He's going to have to walk a fine line 388 00:20:29,480 --> 00:20:32,639 Speaker 1: doing what did you think today, Rick, seeing him outdoors 389 00:20:33,320 --> 00:20:36,919 Speaker 1: shaking hands on the rope line us, you know, just 390 00:20:37,040 --> 00:20:39,399 Speaker 1: really interacting with people and what appeared to be a 391 00:20:39,480 --> 00:20:42,960 Speaker 1: very genuine exchange. He seemed to really enjoy it. Could 392 00:20:42,960 --> 00:20:46,400 Speaker 1: he actually help to redefine what it is to be 393 00:20:46,600 --> 00:20:49,800 Speaker 1: the monarch in England and be you know, more outward, 394 00:20:49,840 --> 00:20:53,360 Speaker 1: more public. Well, it's always been a challenge for the 395 00:20:53,359 --> 00:20:57,560 Speaker 1: British monarchy to modernize, right, and we've watched it painfully 396 00:20:57,800 --> 00:21:02,040 Speaker 1: in full view. Right. The difficulty that they've had an 397 00:21:02,119 --> 00:21:05,840 Speaker 1: important moments to understand, you know, how to deal with 398 00:21:05,880 --> 00:21:08,800 Speaker 1: the masses. And I don't say that in a derogatory way, 399 00:21:08,840 --> 00:21:11,199 Speaker 1: but you know, it is what it is. And and 400 00:21:11,200 --> 00:21:14,200 Speaker 1: so for the really the first time the public has 401 00:21:14,200 --> 00:21:16,840 Speaker 1: spent any time with the new king for him to 402 00:21:16,920 --> 00:21:19,920 Speaker 1: be really with a very light security detail on a 403 00:21:20,000 --> 00:21:22,920 Speaker 1: rope line, you know, interacting people. At one point he 404 00:21:23,000 --> 00:21:26,280 Speaker 1: pushed his security away. Yeah, honestly I was watching some 405 00:21:26,359 --> 00:21:27,840 Speaker 1: of it and I get the guy out from in 406 00:21:27,880 --> 00:21:31,560 Speaker 1: front of the camera. Bad advance work. Where's the king 407 00:21:31,680 --> 00:21:34,439 Speaker 1: get out of the way? Um? And uh? And And 408 00:21:34,480 --> 00:21:37,680 Speaker 1: the reality is that I think this is his instincts, right, 409 00:21:37,720 --> 00:21:41,120 Speaker 1: he is sort of the new CEO of the firm, right, 410 00:21:41,160 --> 00:21:43,920 Speaker 1: we got used to this is almost like a corporation. 411 00:21:44,720 --> 00:21:47,440 Speaker 1: And and the reality is I think he's got a 412 00:21:47,440 --> 00:21:52,000 Speaker 1: moment where he can bridge two generations, you know, the 413 00:21:52,040 --> 00:21:55,480 Speaker 1: World War two generation that his mother's from. And the 414 00:21:55,560 --> 00:21:58,879 Speaker 1: reality is he will not govern long. He's seventy three 415 00:21:58,960 --> 00:22:04,520 Speaker 1: years old, and his term as king will probably end, uh, 416 00:22:04,640 --> 00:22:07,919 Speaker 1: you know before the change in the decades, uh, you know, 417 00:22:08,040 --> 00:22:10,840 Speaker 1: come near and and there will be a brand new, 418 00:22:10,960 --> 00:22:16,119 Speaker 1: younger generation of of of of monarchs coming in from 419 00:22:16,160 --> 00:22:18,280 Speaker 1: behind him. And he's got to be that transition. And 420 00:22:18,320 --> 00:22:21,560 Speaker 1: I think so far he's handling that transition very well. 421 00:22:21,760 --> 00:22:25,520 Speaker 1: You know, it really is worth reminding ourselves, Genie that 422 00:22:25,600 --> 00:22:29,199 Speaker 1: he's mourning his his own mother. This was just twenty 423 00:22:29,240 --> 00:22:31,800 Speaker 1: four hours ago. And to be thrust, I mean, this 424 00:22:31,880 --> 00:22:35,040 Speaker 1: is part of the deal, immediate ascension. You're thrust into 425 00:22:35,080 --> 00:22:40,000 Speaker 1: the public eye at once. I wonder if he allows 426 00:22:40,080 --> 00:22:42,880 Speaker 1: us to see more of that emotion along the way. 427 00:22:43,160 --> 00:22:45,280 Speaker 1: And I think that's going to be a big question 428 00:22:45,400 --> 00:22:47,840 Speaker 1: how he handles all of this. To your point, as 429 00:22:47,840 --> 00:22:49,760 Speaker 1: a human being, you just look at you know, to 430 00:22:49,880 --> 00:22:51,960 Speaker 1: have to go through the death of a parent so 431 00:22:52,080 --> 00:22:55,600 Speaker 1: publicly and assume this sort of great position at the 432 00:22:55,640 --> 00:22:58,359 Speaker 1: same time, of course, his mother went through the same 433 00:22:58,400 --> 00:23:01,320 Speaker 1: thing as a very young woman in Kenya, and so 434 00:23:01,600 --> 00:23:04,320 Speaker 1: he has a lot of you know, lessons there. As 435 00:23:04,400 --> 00:23:07,399 Speaker 1: Rick pointed out, he's been training for this his entire life. 436 00:23:07,760 --> 00:23:09,480 Speaker 1: But I think a lot of this has less to 437 00:23:09,520 --> 00:23:13,680 Speaker 1: do necessarily with him, and certainly he has the ability 438 00:23:13,720 --> 00:23:15,440 Speaker 1: to handle this. I think a lot of it also 439 00:23:15,520 --> 00:23:18,320 Speaker 1: has to do with how people in Great Britain, across 440 00:23:18,359 --> 00:23:21,399 Speaker 1: Great Britain, across the Commonwealth quite frankly, respond to this. 441 00:23:21,800 --> 00:23:24,600 Speaker 1: We can't recall it's not just that long ago that 442 00:23:24,640 --> 00:23:27,920 Speaker 1: Barbados officially removed Queen Elizabeth as the head of state. 443 00:23:28,000 --> 00:23:31,480 Speaker 1: We've had votes in Australia, there's questions about the continuation 444 00:23:31,520 --> 00:23:34,240 Speaker 1: of the Commonwealth. She made this something you wanted to 445 00:23:34,320 --> 00:23:37,280 Speaker 1: join versus being forced to join. So he's going to 446 00:23:37,320 --> 00:23:40,120 Speaker 1: have a job ahead of him to keep this intact 447 00:23:40,640 --> 00:23:43,119 Speaker 1: and that is going to be something that he was 448 00:23:43,160 --> 00:23:45,400 Speaker 1: in Barbados for that. That's going to be something he's 449 00:23:45,400 --> 00:23:47,919 Speaker 1: trained for. He knows how to do it, but it 450 00:23:48,080 --> 00:23:51,680 Speaker 1: is a big challenge for any figure, and particularly someone 451 00:23:51,680 --> 00:23:55,400 Speaker 1: who doesn't have the political power that's you know, more 452 00:23:55,400 --> 00:23:58,320 Speaker 1: than opaque candling it there to do it with great 453 00:23:58,320 --> 00:24:00,879 Speaker 1: insights on what lies ahead for a new king. Jennie 454 00:24:00,920 --> 00:24:05,320 Speaker 1: Chanzano and Rick Davis, Bloomberg Politics Contributors, our signature panel 455 00:24:05,400 --> 00:24:08,600 Speaker 1: on the Fastest Hour in Politics. Coming up, we turned 456 00:24:08,640 --> 00:24:12,960 Speaker 1: to Ukraine. I'm Joe Matthew. This is Bloomberg. Thanks for 457 00:24:13,040 --> 00:24:17,159 Speaker 1: joining us on Bloomberg Sound On. There is a convincing 458 00:24:17,400 --> 00:24:23,360 Speaker 1: chorus that's growing louder surrounding the counter offensive in Ukraine. 459 00:24:23,359 --> 00:24:26,000 Speaker 1: As I read on the terminal, Ukrainian officials and Russian 460 00:24:26,000 --> 00:24:30,080 Speaker 1: military bloggers alike are describing a counter offensive in the 461 00:24:30,080 --> 00:24:32,840 Speaker 1: north that has surprised in its speed, the first time 462 00:24:32,920 --> 00:24:36,320 Speaker 1: since the war began that Ukrainian forces have been able 463 00:24:36,359 --> 00:24:40,680 Speaker 1: to push past Russian defenses on a more than tactical level. 464 00:24:41,680 --> 00:24:46,080 Speaker 1: It's taking hold, and we're hearing from the State Department, 465 00:24:46,119 --> 00:24:49,680 Speaker 1: the Pentagon and NATO Secretary General Yain Stoltenberg. The war 466 00:24:49,840 --> 00:24:55,600 Speaker 1: in Ukraine is entering a critical face. Ukrainian forces have 467 00:24:55,720 --> 00:25:00,439 Speaker 1: been able to stall Moscow's offensive and dombus It's strike 468 00:25:00,680 --> 00:25:06,960 Speaker 1: back behind the Russian Alliance and retake territory. Just in 469 00:25:07,000 --> 00:25:10,760 Speaker 1: the last few days, we have seen further progress both 470 00:25:10,840 --> 00:25:13,720 Speaker 1: in the south in catson On, in the east in 471 00:25:13,800 --> 00:25:17,000 Speaker 1: the clod Cave In region. He held a news conference 472 00:25:17,000 --> 00:25:20,800 Speaker 1: today with Secretary of State Anthony Lincoln. It's focused in 473 00:25:20,840 --> 00:25:25,320 Speaker 1: the south around her Son in that area, but we're 474 00:25:25,359 --> 00:25:28,439 Speaker 1: also seeing Ukraine not only hold the line in the 475 00:25:28,480 --> 00:25:31,959 Speaker 1: Dondas and in the northeast, but as you noted, make 476 00:25:32,040 --> 00:25:37,760 Speaker 1: a significant advance, moving some in one area past what 477 00:25:37,880 --> 00:25:41,600 Speaker 1: had been the existing Russian line. I think it's too 478 00:25:41,600 --> 00:25:45,600 Speaker 1: early to say exactly where this will go. The Chairman 479 00:25:45,600 --> 00:25:47,760 Speaker 1: of the Joint Chiefs of Staff, General Mark Millie, spoke 480 00:25:47,760 --> 00:25:53,520 Speaker 1: to this yesterdays have achieved minor tactical success in various 481 00:25:53,560 --> 00:25:59,800 Speaker 1: parts of eastern Ukraine, but so far Russian strategic objectives 482 00:26:00,600 --> 00:26:04,879 Speaker 1: have been defeated, have been defeated. Now six months plus 483 00:26:04,960 --> 00:26:07,840 Speaker 1: a couple of weeks and I know we're headed for 484 00:26:07,880 --> 00:26:10,600 Speaker 1: a tough winter, That's what all the analysis has told us. 485 00:26:11,119 --> 00:26:13,760 Speaker 1: But this appears to be a good moment for Ukraine. 486 00:26:14,720 --> 00:26:18,000 Speaker 1: Let's bring in Bloomberg National Security Team leader Nick Wadham's 487 00:26:18,200 --> 00:26:21,920 Speaker 1: for a little more on this. Nick the the Secretary 488 00:26:22,600 --> 00:26:27,800 Speaker 1: General of NATO here against Altenburg, calling this a critical phase. 489 00:26:27,840 --> 00:26:29,679 Speaker 1: What happens in the next couple of weeks for us 490 00:26:29,720 --> 00:26:32,560 Speaker 1: to get a sense of whether this is working well. 491 00:26:32,600 --> 00:26:35,920 Speaker 1: We're gonna see very quickly whether this counter offensive stalls. 492 00:26:36,280 --> 00:26:40,199 Speaker 1: President Zelinsky and his nightly address UH this evening in 493 00:26:40,320 --> 00:26:44,800 Speaker 1: Ukraine said that Ukrainian forces had taken another thirty settlements 494 00:26:44,880 --> 00:26:48,960 Speaker 1: in here. Seeing obviously, as you mentioned, the commentary from 495 00:26:49,040 --> 00:26:51,520 Speaker 1: Russian boggers as well, gives you a sense that maybe 496 00:26:51,520 --> 00:26:55,439 Speaker 1: this might be real. The CIA director William Burns was 497 00:26:55,480 --> 00:26:59,639 Speaker 1: at a conference yesterday which he said that he believed 498 00:26:59,720 --> 00:27:02,840 Speaker 1: Russi his campaign had been and would turn out to 499 00:27:02,880 --> 00:27:06,159 Speaker 1: be a failure. And so you know, you've seen a 500 00:27:06,160 --> 00:27:09,240 Speaker 1: lot of support for the Ukrainians. Secretary Lincoln was in 501 00:27:09,359 --> 00:27:13,119 Speaker 1: Kiev and and crucially offered another two billion dollars in 502 00:27:13,200 --> 00:27:16,560 Speaker 1: support for Ukraine. So you're starting to see the US 503 00:27:16,640 --> 00:27:20,200 Speaker 1: really amp up again. It's military and economic support. I'm 504 00:27:20,200 --> 00:27:22,840 Speaker 1: glad you mentioned that it's two point eight billion dollars, 505 00:27:23,040 --> 00:27:25,640 Speaker 1: and not only for Ukraine, it's for our Eastern European 506 00:27:25,680 --> 00:27:31,320 Speaker 1: allies as well, essentially fortifying that entire region. Nick, what 507 00:27:31,359 --> 00:27:34,240 Speaker 1: does that tell you about our objectives? Well, I think 508 00:27:34,520 --> 00:27:38,160 Speaker 1: what you're seeing is a real effort to deter Vladimir 509 00:27:38,200 --> 00:27:41,480 Speaker 1: Putin from doing anything further beyond Ukraine, but also it's 510 00:27:41,480 --> 00:27:44,359 Speaker 1: a push to get other nations to step up. The 511 00:27:44,440 --> 00:27:49,600 Speaker 1: US of wants to see more money contributed by the UK, France, 512 00:27:49,640 --> 00:27:52,240 Speaker 1: all sorts of other nations that it says, you know, 513 00:27:52,720 --> 00:27:55,480 Speaker 1: are talking to talk on Ukraine, but they'd also like 514 00:27:55,520 --> 00:27:58,480 Speaker 1: to see them contribute more. Mike, would it be worth 515 00:27:58,520 --> 00:28:01,040 Speaker 1: a surge if I can use that term of weapons 516 00:28:01,119 --> 00:28:03,120 Speaker 1: or cash or something that we can do right now 517 00:28:03,520 --> 00:28:06,080 Speaker 1: to help tip the balance further in Ukraine's favor? Or 518 00:28:06,119 --> 00:28:08,680 Speaker 1: is this really up to Ukraine at this point? Well, 519 00:28:08,720 --> 00:28:10,480 Speaker 1: I mean that's what they say they're doing. There was 520 00:28:10,800 --> 00:28:12,879 Speaker 1: a U. S Military official on a call today who 521 00:28:12,920 --> 00:28:15,920 Speaker 1: said they were thinking of supplying Gray Eagle arm drones, 522 00:28:16,440 --> 00:28:19,080 Speaker 1: so stepping it up a notch in terms of military hardware. 523 00:28:19,800 --> 00:28:22,760 Speaker 1: And they're doing another six and seventy five million doll 524 00:28:23,000 --> 00:28:27,040 Speaker 1: draw down on US inventories. That's going to include you know, 525 00:28:27,119 --> 00:28:30,239 Speaker 1: precision guided artillery shells and all sorts of weaponry. So 526 00:28:30,240 --> 00:28:32,119 Speaker 1: what you're seeing from the US as a real push 527 00:28:32,200 --> 00:28:36,000 Speaker 1: to amp up the military support beyond weapons that they 528 00:28:36,000 --> 00:28:38,920 Speaker 1: had previously conceived. It does beg the question which I 529 00:28:38,920 --> 00:28:42,360 Speaker 1: know a lot of lawmakers in Washington have been asking, why, 530 00:28:42,640 --> 00:28:44,320 Speaker 1: why wait till now? Could we have given all this 531 00:28:44,400 --> 00:28:49,000 Speaker 1: stuff in the outset maybe shortened this war. Well, I mean, 532 00:28:49,000 --> 00:28:50,720 Speaker 1: it is a good question. And and you know a 533 00:28:50,760 --> 00:28:53,280 Speaker 1: lot of folks on the hill who had pressured for 534 00:28:53,360 --> 00:28:55,720 Speaker 1: that early on or I'm saying that, you know, I'm 535 00:28:55,720 --> 00:28:58,400 Speaker 1: saying exactly the same thing. But you know, this was 536 00:28:58,480 --> 00:29:00,880 Speaker 1: something that I don't think you know, even though the 537 00:29:00,920 --> 00:29:02,680 Speaker 1: US was warning this was going to come and cut 538 00:29:02,720 --> 00:29:05,400 Speaker 1: a lot of people off Dard and you know, there 539 00:29:05,480 --> 00:29:07,760 Speaker 1: was a certain element of needing to ramp things up 540 00:29:08,120 --> 00:29:11,400 Speaker 1: that just took some time to the admistry. Is is 541 00:29:11,440 --> 00:29:15,120 Speaker 1: the big conversation dead at this point. They've been asking 542 00:29:15,160 --> 00:29:18,120 Speaker 1: for more fighter jets to so called close the sky 543 00:29:18,360 --> 00:29:21,960 Speaker 1: since this war has been underway. Is President Zelenski any 544 00:29:22,000 --> 00:29:26,280 Speaker 1: closer to getting more jets? Not? Not anytime soon. I mean, 545 00:29:26,280 --> 00:29:28,440 Speaker 1: the US does not want to have a situation where 546 00:29:28,440 --> 00:29:33,200 Speaker 1: it's pilots or pilots in in aircraft supplied by the 547 00:29:33,280 --> 00:29:36,280 Speaker 1: US or even NATO allies are in a direct confrontation 548 00:29:36,320 --> 00:29:39,080 Speaker 1: with Russians because the fear that there would be a 549 00:29:39,120 --> 00:29:41,360 Speaker 1: wire spread to the war. Even if we gave him 550 00:29:41,440 --> 00:29:44,320 Speaker 1: Russian made MiGs, though that doesn't change. It's more about 551 00:29:44,400 --> 00:29:48,040 Speaker 1: where they came from. Who, who gassed them up and 552 00:29:48,040 --> 00:29:50,440 Speaker 1: who flew them? Is that your point? That's that's right, 553 00:29:50,440 --> 00:29:52,800 Speaker 1: I mean, because they would have to come from NATO allies. 554 00:29:52,800 --> 00:29:55,000 Speaker 1: So then Russia could plausibly claim that they were in 555 00:29:55,080 --> 00:29:57,680 Speaker 1: a war with NATO, and then who knows She's sad? 556 00:29:58,840 --> 00:30:02,160 Speaker 1: The nuclear plant is worth asking about here, Nick. We 557 00:30:02,240 --> 00:30:05,479 Speaker 1: know that this has become more precarious with time. We 558 00:30:05,560 --> 00:30:07,800 Speaker 1: understand from the head of the i a e A 559 00:30:07,960 --> 00:30:11,960 Speaker 1: that shelling has increased, presumably from Russia. How is this 560 00:30:12,000 --> 00:30:16,080 Speaker 1: getting worse when we have inspectors inside. Well, that plant 561 00:30:16,080 --> 00:30:18,959 Speaker 1: has now been taken almost entirely offline, so it's no 562 00:30:19,000 --> 00:30:21,840 Speaker 1: longer providing nuclear power. The i e A was leaving 563 00:30:22,520 --> 00:30:25,720 Speaker 1: a few people there as monitors and in hopes that 564 00:30:25,800 --> 00:30:28,320 Speaker 1: their presence who had essentially helped stop the shelling, But 565 00:30:28,440 --> 00:30:30,640 Speaker 1: so far there's no sign of that, So that just 566 00:30:30,720 --> 00:30:34,719 Speaker 1: continues to be aspiring problem, one of many that we're 567 00:30:34,840 --> 00:30:38,360 Speaker 1: keeping our eyes out at this stage. Incredibly dangerous situation. Nick, 568 00:30:38,400 --> 00:30:41,960 Speaker 1: Thank you as always, Nick Wadham's Bloomberg National Security team leader. 569 00:30:42,000 --> 00:30:44,000 Speaker 1: You can read a lot more on the terminal here 570 00:30:44,560 --> 00:30:48,760 Speaker 1: about not only the precarious situation surrounding the plant, but 571 00:30:48,880 --> 00:30:51,840 Speaker 1: this breakthrough in the north, which is quite remarkable to 572 00:30:51,880 --> 00:30:55,200 Speaker 1: see this actually taking place. It began just a couple 573 00:30:55,200 --> 00:30:58,840 Speaker 1: of days ago southeast of Kharkiv, and it is taking hold. 574 00:31:00,400 --> 00:31:06,200 Speaker 1: The Ukrainian four spearheaded by fifteen tanks, moving and overwhelming 575 00:31:06,320 --> 00:31:09,760 Speaker 1: eight villages in less than a day, according to Bloomberg 576 00:31:09,840 --> 00:31:12,600 Speaker 1: News reporting. We're gonna add the panel to this, bringing 577 00:31:12,680 --> 00:31:15,880 Speaker 1: Rick and Jeanie coming up next year on the fastest 578 00:31:15,880 --> 00:31:18,680 Speaker 1: hour in Politics, check traffic and markets for you on 579 00:31:18,720 --> 00:31:22,400 Speaker 1: the way, and a little bit later on here President 580 00:31:22,440 --> 00:31:26,240 Speaker 1: Biden's dream that he told us about last night. It's 581 00:31:26,280 --> 00:31:30,360 Speaker 1: all ahead. I'm Joe Matthew in Washington. This is Bloomberg. 582 00:31:34,040 --> 00:31:37,840 Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew 583 00:31:38,200 --> 00:31:46,320 Speaker 1: on Bloomberg Radio. As Ukraine pushes back on Russia, the 584 00:31:46,360 --> 00:31:51,000 Speaker 1: word from the Secretary General at NATO, Yen Stoltenberg is 585 00:31:51,000 --> 00:31:56,320 Speaker 1: pretty straightforward. They have no other choice. If Russia stops fighting, 586 00:31:56,600 --> 00:32:00,760 Speaker 1: they will be peace. If Ukraine stops, I think it 587 00:32:00,800 --> 00:32:05,360 Speaker 1: will cease to exist as an independent nation. So we 588 00:32:05,440 --> 00:32:08,959 Speaker 1: must stay the course for Ukraine's sake. On for hours 589 00:32:09,120 --> 00:32:12,040 Speaker 1: to reassemble the panel now, Rick Davis and Jennie Schanzano, 590 00:32:12,080 --> 00:32:16,280 Speaker 1: Bloomberg Politics Contributors, Genie, that's a pretty stark message from 591 00:32:16,320 --> 00:32:20,520 Speaker 1: the Secretary General. If we stop moving, we die, essentially, 592 00:32:20,600 --> 00:32:23,360 Speaker 1: is what he's saying. That's right, And you know, I 593 00:32:23,400 --> 00:32:26,480 Speaker 1: think reflecting back on what you were just discussing, I mean, 594 00:32:26,520 --> 00:32:29,880 Speaker 1: who would imagine six months ago that Ukraine would be 595 00:32:29,960 --> 00:32:33,360 Speaker 1: making the strides it has. But he's exactly right. If 596 00:32:33,400 --> 00:32:36,360 Speaker 1: they stopped fighting, that would be the end of the nation. 597 00:32:36,520 --> 00:32:39,280 Speaker 1: So they will fight, and this is the miscalculation that 598 00:32:39,360 --> 00:32:42,680 Speaker 1: Vladimir Putin has made. I think the real question here. 599 00:32:43,120 --> 00:32:46,360 Speaker 1: You know, we know that Ukraine's ability to make these 600 00:32:46,400 --> 00:32:49,480 Speaker 1: gains has come because of the support it's it's received. 601 00:32:49,960 --> 00:32:54,640 Speaker 1: Does Vladimir Putin do something to try to disrupt particularly 602 00:32:54,680 --> 00:32:57,960 Speaker 1: Western europe support by way of grain or energy for 603 00:32:58,040 --> 00:33:00,640 Speaker 1: the war, or does he do some thing that that 604 00:33:00,720 --> 00:33:04,680 Speaker 1: Vladimir's Lensky said the other day, some kind of nuclear escalation. 605 00:33:04,800 --> 00:33:07,000 Speaker 1: I think those two things are the real threat at 606 00:33:07,080 --> 00:33:10,479 Speaker 1: this point, that he realizes how frustrated he is and 607 00:33:10,520 --> 00:33:14,080 Speaker 1: that he's not gaining and he does something that, you know, 608 00:33:14,120 --> 00:33:18,120 Speaker 1: to escalate this even further. And that's a really, really 609 00:33:18,160 --> 00:33:22,360 Speaker 1: scary proposition. Meantime, Rick Davis, officials in Kiev, including President 610 00:33:22,440 --> 00:33:26,280 Speaker 1: Zelenski himself, are really trying to show the US and 611 00:33:26,360 --> 00:33:28,560 Speaker 1: allies that they can win this thing to keep the 612 00:33:28,640 --> 00:33:32,760 Speaker 1: pipeline open. Yeah, it was one thing to stop the Russians, 613 00:33:32,760 --> 00:33:35,400 Speaker 1: it's another thing to push them back. And I think 614 00:33:35,440 --> 00:33:38,760 Speaker 1: this initiative that is underway right now, that's been going 615 00:33:38,800 --> 00:33:41,120 Speaker 1: on for the better part of a month UH is 616 00:33:41,160 --> 00:33:44,600 Speaker 1: demonstrating that the Ukraine military has the capacity and the 617 00:33:44,640 --> 00:33:47,760 Speaker 1: will to fight the Russians on their own terms and 618 00:33:47,880 --> 00:33:50,880 Speaker 1: regain territory. And both as you were describing earlier, in 619 00:33:50,920 --> 00:33:54,400 Speaker 1: the South and the East. UM, tactically they seem to 620 00:33:54,400 --> 00:33:58,640 Speaker 1: be incredibly good position. They've been taking up ground with 621 00:33:58,680 --> 00:34:02,280 Speaker 1: the with the resources have and so there is some 622 00:34:02,520 --> 00:34:06,200 Speaker 1: optimism with the notion that we aren't stuck in a 623 00:34:06,240 --> 00:34:09,240 Speaker 1: status quote anti position where the Russians hold the territory 624 00:34:09,280 --> 00:34:13,359 Speaker 1: they've got they quote liberated and manage it like they did, 625 00:34:13,640 --> 00:34:18,000 Speaker 1: you know, when they took over Crimea in two thousand fourteen. 626 00:34:18,400 --> 00:34:21,719 Speaker 1: This is an active war and and there's ground being 627 00:34:21,760 --> 00:34:24,560 Speaker 1: taken up now by the Ukrainians and there's no reason 628 00:34:24,640 --> 00:34:27,600 Speaker 1: to believe they can't continue this assault with the support 629 00:34:28,000 --> 00:34:30,880 Speaker 1: from NATO and in our country. You heard Nick Wodhams 630 00:34:30,920 --> 00:34:34,680 Speaker 1: mentioned that, uh, we you know, we're sending another draw 631 00:34:34,760 --> 00:34:39,080 Speaker 1: down of weapons here, including the Great Eagle drone. Are 632 00:34:39,160 --> 00:34:41,799 Speaker 1: are are the weapons were sending rick up to the 633 00:34:41,840 --> 00:34:44,400 Speaker 1: fight that Ukraine is in right now? Well, the weapons 634 00:34:44,400 --> 00:34:47,200 Speaker 1: we're sending to Ukraine, from what we can tell now, 635 00:34:47,440 --> 00:34:51,719 Speaker 1: are far superior than the weapons that the Russians have 636 00:34:52,280 --> 00:34:56,080 Speaker 1: on the field today, which they're buying back from North Korea. Well, 637 00:34:56,239 --> 00:34:58,160 Speaker 1: I mean, you know, and one of the things that 638 00:34:58,200 --> 00:35:01,520 Speaker 1: we're learning is that they lacked the resources to replace them. 639 00:35:01,600 --> 00:35:04,080 Speaker 1: You know, the microchips and things like that that we're 640 00:35:04,120 --> 00:35:09,240 Speaker 1: finding and used equipment empowered by the Russians is second 641 00:35:09,400 --> 00:35:11,920 Speaker 1: or third level kind of material. And of course we're 642 00:35:11,960 --> 00:35:14,759 Speaker 1: putting in as you describe, the Gray Eagle, which is 643 00:35:14,840 --> 00:35:18,560 Speaker 1: the predecessor of the the Predator drone. I love these 644 00:35:18,600 --> 00:35:22,279 Speaker 1: words and names. You know, Air Force Reaper was one 645 00:35:22,280 --> 00:35:24,919 Speaker 1: of the other sort of drones that they've been used, 646 00:35:25,160 --> 00:35:29,759 Speaker 1: and these are very advanced first world UH equipment, and 647 00:35:29,800 --> 00:35:32,880 Speaker 1: the fact that that is something that the Ukrainians can 648 00:35:32,920 --> 00:35:36,800 Speaker 1: deploy gives them actually a tactical advantage in the field. 649 00:35:37,000 --> 00:35:39,399 Speaker 1: And I think this is part of what we're seeing 650 00:35:39,400 --> 00:35:41,759 Speaker 1: in modern warfare, is the Russians are fighting a World 651 00:35:41,800 --> 00:35:45,160 Speaker 1: War two style campaign in the Ukraine, and I think 652 00:35:45,200 --> 00:35:47,880 Speaker 1: the Ukrainians of leap frog dat and are actually fighting 653 00:35:47,920 --> 00:35:50,880 Speaker 1: in a real world environment. It is quite something you 654 00:35:50,920 --> 00:35:54,120 Speaker 1: need to learn that the Russians are buying back Soviet 655 00:35:54,320 --> 00:35:59,200 Speaker 1: made equipment, military equipment from North Korea. This is like 656 00:35:59,280 --> 00:36:02,480 Speaker 1: the worst off on the market, right, but that's pretty 657 00:36:02,560 --> 00:36:05,920 Speaker 1: much all they can get at the moment. That's right, Armament, resupplies, 658 00:36:06,000 --> 00:36:09,280 Speaker 1: artillery shells, missiles, and you know, just a few weeks 659 00:36:09,320 --> 00:36:13,960 Speaker 1: back we heard that they were waiting or hoping essentially 660 00:36:14,200 --> 00:36:16,880 Speaker 1: that they were going to be getting Iranian made drones 661 00:36:17,080 --> 00:36:19,319 Speaker 1: and that's what they were banking on. So you know, 662 00:36:19,600 --> 00:36:23,440 Speaker 1: clearly they need supplies, they need ammunition, and they're not 663 00:36:23,480 --> 00:36:26,360 Speaker 1: getting it from the best sources. And this is where 664 00:36:26,520 --> 00:36:30,240 Speaker 1: Vladimir's a Lensky's campaign I think early on has played 665 00:36:30,239 --> 00:36:33,720 Speaker 1: out so beautifully to get the support of the world, 666 00:36:33,760 --> 00:36:37,960 Speaker 1: particularly the Western world and NATO, and boy, you can 667 00:36:38,000 --> 00:36:41,040 Speaker 1: see that paying dividends at this point. Genie and Rick 668 00:36:41,080 --> 00:36:44,120 Speaker 1: our signature panel here on Bloomberg Sound On in our 669 00:36:44,160 --> 00:36:47,319 Speaker 1: remaining moments, we turned to domestic politics. Just a day 670 00:36:47,360 --> 00:36:51,040 Speaker 1: after President Biden left the bubble, left the White House 671 00:36:51,040 --> 00:36:53,839 Speaker 1: and went down to National Harbor, not far from the 672 00:36:53,880 --> 00:36:57,719 Speaker 1: beautifully lit well. What is it not a merry go 673 00:36:57,760 --> 00:37:00,279 Speaker 1: around ferris wheel? That's right. You wouldn't be leave it 674 00:37:00,280 --> 00:37:02,280 Speaker 1: if you saw it down there. This neighborhood didn't exist 675 00:37:02,280 --> 00:37:03,839 Speaker 1: a couple of years ago, but they held a big 676 00:37:03,840 --> 00:37:06,560 Speaker 1: fundraiser down there for the d n C. And he 677 00:37:06,640 --> 00:37:09,080 Speaker 1: talked about a dream that he had for the future. 678 00:37:09,160 --> 00:37:11,840 Speaker 1: Imagine if we just elected two more Democrats the Senate, 679 00:37:11,920 --> 00:37:17,600 Speaker 1: keep the House of Representatives. Imagine, we'll codify rov Wade, 680 00:37:18,120 --> 00:37:22,480 Speaker 1: we'll bandisol, weapons, will protect so security, Medicare, will pass 681 00:37:22,640 --> 00:37:26,279 Speaker 1: universal pre k, well, restarting the childcare tax credit. We'll 682 00:37:26,320 --> 00:37:29,600 Speaker 1: protect voting. Right, did you get all that? That's the list. 683 00:37:30,480 --> 00:37:34,080 Speaker 1: If President Biden sees a Democratic majority on Capitol Hill, 684 00:37:34,120 --> 00:37:37,520 Speaker 1: which no one is predicting as I read now, seventy 685 00:37:37,560 --> 00:37:40,560 Speaker 1: two House Democrats say they are willing to force a 686 00:37:40,640 --> 00:37:44,560 Speaker 1: government shutdown if Democratic leaders move ahead with a plan 687 00:37:44,680 --> 00:37:50,040 Speaker 1: to to put Joe Manchin's energy permitting bill along with 688 00:37:50,080 --> 00:37:52,960 Speaker 1: this stop gap spending measure that keeps the government funding 689 00:37:53,000 --> 00:37:56,000 Speaker 1: because of course, we don't do budgets around here anymore. Rick, 690 00:37:56,080 --> 00:37:59,120 Speaker 1: what's your take on this here? You know, it's been 691 00:37:59,160 --> 00:38:01,880 Speaker 1: a really good stretch for Joe Biden and Democrats. Are 692 00:38:01,920 --> 00:38:03,919 Speaker 1: we about to get into an argument of shouldn't shut 693 00:38:03,960 --> 00:38:07,359 Speaker 1: down the government? Well, I would ask the Democrats, those 694 00:38:07,360 --> 00:38:10,360 Speaker 1: seventy two House members, how do you like that Inflation 695 00:38:10,400 --> 00:38:14,200 Speaker 1: Reduction Act? Because that came at a cost, and that cost, 696 00:38:14,680 --> 00:38:18,080 Speaker 1: you know, explicitly a deal was made between Mansion and 697 00:38:18,120 --> 00:38:23,920 Speaker 1: Schumer to give Mansion basically control of energy permitting process. 698 00:38:24,120 --> 00:38:27,640 Speaker 1: It's it was a transaction. It's bought and paid for, 699 00:38:27,760 --> 00:38:30,120 Speaker 1: and whether you like it or not, that's how you 700 00:38:30,239 --> 00:38:32,440 Speaker 1: got the one thing that you want to take to 701 00:38:32,840 --> 00:38:36,960 Speaker 1: the mid term elections, the inflation Reduction Acts. So um, 702 00:38:37,000 --> 00:38:40,040 Speaker 1: you know, music to the Republicans ears that they want 703 00:38:40,080 --> 00:38:42,440 Speaker 1: to have a fight over this after the fact, but 704 00:38:43,160 --> 00:38:45,839 Speaker 1: the reality is, whether you like it or not, that 705 00:38:45,920 --> 00:38:49,000 Speaker 1: deal is done. So what are we talking about here, Genie? 706 00:38:49,000 --> 00:38:51,480 Speaker 1: We know based on history that the party in power 707 00:38:51,480 --> 00:38:55,080 Speaker 1: tends to get the blame for the government shutting down. 708 00:38:55,480 --> 00:38:58,719 Speaker 1: We're gonna do that right before the mid term elections. 709 00:38:58,800 --> 00:39:02,120 Speaker 1: Seventy two House Democrats think that's a good idea. Yeah, 710 00:39:02,320 --> 00:39:04,800 Speaker 1: it's not a good idea to shut down the government, 711 00:39:04,880 --> 00:39:07,120 Speaker 1: and so they need to bear that in mind. But 712 00:39:07,239 --> 00:39:10,000 Speaker 1: this is a real controversy. I mean, we heard Bernie 713 00:39:10,000 --> 00:39:14,000 Speaker 1: Sanders on the floor yesterday and he was slamming this 714 00:39:14,120 --> 00:39:17,560 Speaker 1: as a disastrous side deal. And we are hearing a 715 00:39:17,600 --> 00:39:19,919 Speaker 1: lot and that's where you get to these seventy two 716 00:39:19,960 --> 00:39:22,239 Speaker 1: and I suspect there may be a few more, a 717 00:39:22,400 --> 00:39:26,360 Speaker 1: lot of even some you wouldn't describe as far left 718 00:39:26,560 --> 00:39:30,000 Speaker 1: Democrats who are saying that this deal that was struck 719 00:39:30,400 --> 00:39:35,120 Speaker 1: is absolutely going to destroy that environment in West Virginia. 720 00:39:35,200 --> 00:39:38,000 Speaker 1: And so this is where we come down to. I 721 00:39:38,040 --> 00:39:40,239 Speaker 1: think they've got to be very careful because, of course, 722 00:39:40,280 --> 00:39:44,440 Speaker 1: by the same token, they can't fulfill Joe Biden's dream 723 00:39:44,520 --> 00:39:48,640 Speaker 1: of taking anything unless Purple Democrats, Democrats and purple states 724 00:39:48,640 --> 00:39:50,480 Speaker 1: are able to win, and they won't be able to 725 00:39:50,520 --> 00:39:55,160 Speaker 1: do that with a government shutdown. The permitting legislation apparently 726 00:39:55,200 --> 00:39:58,080 Speaker 1: could speed up approval of the of the multi billion 727 00:39:58,080 --> 00:40:01,320 Speaker 1: dollar Mountain Valley gas pipe plane as it's called. It 728 00:40:01,480 --> 00:40:05,600 Speaker 1: crosses guess what West Virginia rick how much of it? 729 00:40:05,719 --> 00:40:08,800 Speaker 1: This is about that where it looks like Joe Manchion 730 00:40:08,920 --> 00:40:12,080 Speaker 1: is enriching himself where I guess companies in his own 731 00:40:12,120 --> 00:40:18,279 Speaker 1: state versus just the width of carbon Well, I think 732 00:40:18,400 --> 00:40:20,919 Speaker 1: I think it's a little both, right. I mean, Joe 733 00:40:21,040 --> 00:40:25,480 Speaker 1: Mansion wants more fossil fuels. That's just a fact. He 734 00:40:25,520 --> 00:40:27,200 Speaker 1: happens to be a Democrat, right, I mean, it's a 735 00:40:27,239 --> 00:40:29,600 Speaker 1: little odd to here are Democrats talking like this, But 736 00:40:29,680 --> 00:40:32,360 Speaker 1: he's a West Virginia Democrat. It's cold country, it's oil country, 737 00:40:32,360 --> 00:40:35,960 Speaker 1: it's gas country, you know, fracking, And so it is 738 00:40:36,000 --> 00:40:38,640 Speaker 1: who he is and and in in his job is 739 00:40:38,680 --> 00:40:41,160 Speaker 1: to represent West Virginia. And West Virginia is not a 740 00:40:41,239 --> 00:40:43,960 Speaker 1: state that's gonna have a lot of solar it's not 741 00:40:44,040 --> 00:40:46,040 Speaker 1: a state that's gonna have a lot of wind energy. 742 00:40:46,280 --> 00:40:48,919 Speaker 1: I mean. And so they are who they are, and 743 00:40:49,000 --> 00:40:52,120 Speaker 1: whether the Democrats like it or not, in a Senate 744 00:40:52,480 --> 00:40:54,320 Speaker 1: they have to cut deals with guys like Joe Mansion. 745 00:40:54,320 --> 00:40:56,840 Speaker 1: They've been doing it for the last two years and 746 00:40:56,920 --> 00:40:59,520 Speaker 1: to great effect. How many people have been touting the 747 00:40:59,560 --> 00:41:02,840 Speaker 1: fact that there have been all these fantastic legislative achievements 748 00:41:02,840 --> 00:41:06,560 Speaker 1: by Biden, and there's one person who's personally responsible for 749 00:41:06,640 --> 00:41:08,600 Speaker 1: most of those in the Senate, and that's Joe Manchin. 750 00:41:09,120 --> 00:41:11,000 Speaker 1: So I mean, when I look at the grand total 751 00:41:11,040 --> 00:41:13,279 Speaker 1: of the trillions of dollars that have been funneled to 752 00:41:13,280 --> 00:41:17,120 Speaker 1: the American people, whether it's through the infrastructure, a COVID 753 00:41:17,440 --> 00:41:21,040 Speaker 1: or Inflation Reduction Act, and you've got him with his 754 00:41:21,120 --> 00:41:24,560 Speaker 1: finger on the you know, hydrocarbons. Look, I'm against it. 755 00:41:24,760 --> 00:41:27,320 Speaker 1: I don't think we should be having more oil and gas. 756 00:41:27,560 --> 00:41:31,240 Speaker 1: But the reality is, look what the trade is. I mean, really, 757 00:41:31,360 --> 00:41:34,480 Speaker 1: you're actually going to stop the function of the federal 758 00:41:34,520 --> 00:41:37,200 Speaker 1: government because of this. I mean, it's nonsense. Well, and 759 00:41:37,320 --> 00:41:40,480 Speaker 1: it's likely just a threat here, genie, But when you 760 00:41:40,520 --> 00:41:42,879 Speaker 1: listen to the laundry list that the President rolled out 761 00:41:42,960 --> 00:41:46,400 Speaker 1: last night, caught a fine Roe v. Wade, banning assault 762 00:41:46,440 --> 00:41:49,080 Speaker 1: weapons and so forth, does any of that see the 763 00:41:49,160 --> 00:41:53,920 Speaker 1: light of day in a split Congress? No, I mean, 764 00:41:53,960 --> 00:41:55,880 Speaker 1: I mean, you know, at this point, it looks like 765 00:41:55,920 --> 00:41:58,759 Speaker 1: at the very least, Republicans take the House. And so 766 00:41:59,120 --> 00:42:01,319 Speaker 1: you know, if makes all of this move right, it 767 00:42:01,400 --> 00:42:04,080 Speaker 1: makes all of this move And let's not forget California 768 00:42:04,160 --> 00:42:08,160 Speaker 1: is facing record breaking heat wave right now. Um, climate 769 00:42:08,200 --> 00:42:11,440 Speaker 1: activists have a real and a fundamental and a fair 770 00:42:11,520 --> 00:42:14,040 Speaker 1: point to make on this. But a lot of what 771 00:42:14,080 --> 00:42:16,399 Speaker 1: we've talked today, whether it's Europe the United States, has 772 00:42:16,440 --> 00:42:20,200 Speaker 1: to do with the challenge of energy moving to clean energy. 773 00:42:20,320 --> 00:42:23,600 Speaker 1: How do you do it? These are real conversations to 774 00:42:23,640 --> 00:42:25,640 Speaker 1: be had, but shutting down the government is not the 775 00:42:25,680 --> 00:42:28,960 Speaker 1: way to proceed there, Genie, thank you. And Rick Davis 776 00:42:29,000 --> 00:42:32,560 Speaker 1: as well are Bloomberg Politics contributors and our signature panel 777 00:42:32,600 --> 00:42:35,360 Speaker 1: here on sound on what a week I mean, really 778 00:42:36,120 --> 00:42:37,799 Speaker 1: have a great weekend. I'll meet you back here Monday. 779 00:42:37,840 --> 00:42:40,680 Speaker 1: I'm Joe Matthew in Washington. There's only one place you 780 00:42:40,680 --> 00:42:43,040 Speaker 1: hear conversations like these. This is Bloomberg