Speaker 1: Now from our nation's capital. This is Bloomberg sound On.
Speaker 1: As the Queen herself did with such unswerving devotion, I
Speaker 1: too now solemnly pledged myself to uphold the constitutional principles
Speaker 1: at the heart of our nations. Like I think, he's
Speaker 1: got a huge challenge of hate things He's writed a
Speaker 1: long time. Bloomberg sound On Politics, policy and perspective from
Speaker 1: DC's top names. The war in Ukraine is entering a
Speaker 1: critical face. So far Russian strategic objectives have been defeated.
Speaker 1: Bloomberg sound On with Joe Matthew on Bloomberg Radio, Charles
Speaker 1: the Third delivers his first speech as King. Welcome to
Speaker 1: the fastest hour in politics on another historic day in
Speaker 1: the UK with its new monarch, addressing the path forward
Speaker 1: even as he mourns the loss of his mother. Will
Speaker 1: be joined this hour by Ellie Woodacre, royal expert from
Speaker 1: Winchester University, along with Emmy Award winning documentary and Anthony Geffen,
Speaker 1: who conducted Queen Elizabeth's only televised interview. Later this hour,
Speaker 1: the Ukrainian counter offensive takes hold, surprising many with its speed.
Speaker 1: These past couple of days. Will get an update from
Speaker 1: Washington and a conversation with Bloomberg national security expert Nick
Speaker 1: wadhams Our signature panel is back together. Bloomberg Politics contributors
Speaker 1: Rick Davis and Jeanie Chanzano are with us for the
Speaker 1: hour as Bloomberg Radio brings you the first draft of
Speaker 1: history on another historic day in London. Sound from a
Speaker 1: ninety six gun salute at the Tower of London this
Speaker 1: morning for the passing of the ninety six year old Queen.
Speaker 1: As the UK proceeds with ten days of mourning and
Speaker 1: condolence has continued to stream in from around the world,
Speaker 1: including here in Washington. The President Biden now confirms he
Speaker 1: will attend Queen Elizabeth's funeral, though details on who will
Speaker 1: join him remain unknown. As our details about the same
Speaker 1: m King Charles the Third smoke in a televised address
Speaker 1: to Britain and the Commonwealth. As the Queen herself did
Speaker 1: with such unswerving devotion, I too now solemnly pledged myself
Speaker 1: throughout the remaining time God grants me to uphold the
Speaker 1: constitutional principles at the heart of our nation. A somber speech,
Speaker 1: as you heard live on Bloomberg Radio, is recorded in
Speaker 1: the Blue drawing room at Buckingham Palace. The new King
Speaker 1: addressed his own family, with Catherine beside him. Our new
Speaker 1: Prince and Princess of Wales, will I know, continue to
Speaker 1: inspire and lead our national conversations, helping to bring the
Speaker 1: marginal to the center ground where vital help can be given.
Speaker 1: I want also to express my love for Harry and
Speaker 1: Megan as they continue to build their lives overseas. The
Speaker 1: King later held a private audience with the UK's new
Speaker 1: Prime Minister, Liz Trusts, as part of his first full
Speaker 1: day as king. That's where we start in a conversation
Speaker 1: with Ellie Wouldacre, Winchester University, Royal expert. Ellie, thank you
Speaker 1: for joining us and I know it's late where you are,
Speaker 1: so we appreciate your time here. Um, I wonder your thoughts,
Speaker 1: just to start off with. On this address, he looked
Speaker 1: like he had had an emotional couple of days, as
Speaker 1: anyone would hours after losing their own mother. But we
Speaker 1: also saw him outdoors today shaking hands with people on
Speaker 1: that rope. Line's pretty dramatic video to see before he
Speaker 1: delivered this speech. How did he do? I think he's
Speaker 1: gotten off to a very good start. Obviously again it
Speaker 1: is it is a huge personal shock to him. I'm
Speaker 1: obviously we all knew that the Queen was in increasingly
Speaker 1: poor health with her mobility issues and obvious so he
Speaker 1: would have been prepared for this day, you know, for
Speaker 1: many decades. But yet the personal kind of told that
Speaker 1: it must take on him as a son, losing his
Speaker 1: mother as well as having to step into this incredibly
Speaker 1: important role of becoming king all at once. It is
Speaker 1: it is a major kind of shift in his own
Speaker 1: life and in the life of Britain as well. It
Speaker 1: seems most of the narrative has been around his personality.
Speaker 1: Now how you know, he's he's going to have to
Speaker 1: go from being a kind of a quiet onlooker to
Speaker 1: someone who is more engaged and is speaking more and
Speaker 1: spending more time in public as he prepared for that absolutely,
Speaker 1: and I think Prince Charles has always been a very
Speaker 1: public figure, but I do think we will see a
Speaker 1: shift and a change in him, and that while he
Speaker 1: was Prince of Wales, he was more outspoken about causes
Speaker 1: that were dear to him. He was more again able
Speaker 1: to kind of play to his own personal interests as well,
Speaker 1: um in a way that he will now need to
Speaker 1: step back from and he was very honest about that
Speaker 1: in his speech about kind of taking on this new
Speaker 1: role that the sovereign kind of stands apart and and
Speaker 1: and occupies this very particular position as head of state.
Speaker 1: So it's almost like Charles the individual is having to
Speaker 1: kind of be set aside to become King Charles. Can
Speaker 1: you articulate the challenges he's facing? And I don't know
Speaker 1: if I should call them political challenges, because of course
Speaker 1: he's not going to be governing this nation, but he's
Speaker 1: coming into power at at a precarious time with Brexit,
Speaker 1: with a brand new prime minister. Of course, I mean,
Speaker 1: you're absolutely right, and that his role as the kind
Speaker 1: of constitutional monarch means that he's not directly responsible for
Speaker 1: setting policy and for ruling. And yet it is a
Speaker 1: difficult time for the nation. It's a difficult time for
Speaker 1: the world. I think we've all felt like we're living
Speaker 1: through kind of historic times with all of the challenges
Speaker 1: of the last few years politically, with the pandemic, um
Speaker 1: with everything going on with the war in the Ukraine,
Speaker 1: climate change, I mean, the list of you know, issues
Speaker 1: is huge, and certainly for the new prime ministers. Trust
Speaker 1: she will be dealing with those. But it is Charles's
Speaker 1: role to try to kind of study the ship of
Speaker 1: state and in these times. And I think obviously his
Speaker 1: own mother came to the throne in the post war
Speaker 1: period when Britain was very much kind of rebuilding, and
Speaker 1: she herself saw written through years of political turbulence, economic turbulence,
Speaker 1: and yet you know, again her role was to provide
Speaker 1: continuity in all of that. So I think Charles will
Speaker 1: seek to do the same. But this is why a
Speaker 1: lot of Americans, you know, use the term figurehead, because
Speaker 1: I think we all have a hard time understanding what
Speaker 1: it is the king or queen is supposed to do.
Speaker 1: Absolutely well, his role is to be head of state,
Speaker 1: and yes it is a largely ceremonial role. I mean,
Speaker 1: constitutional monarchy has developed, you know, since the kind of
Speaker 1: glorious revolution back in the seventeenth century to the present day,
Speaker 1: and that has led to the fact that there's a
Speaker 1: strange situation where in theory there is a great deal
Speaker 1: of power that the royals still have in terms of prerogative,
Speaker 1: but in practice what that means is that that the
Speaker 1: royals do not exercise that the sovereign does not exercise
Speaker 1: that prerogative, and so their job is to be a
Speaker 1: political and to be merely, as you said, more of
Speaker 1: a figurehead as his head of state. Elly, what do
Speaker 1: you make of the nod and the language that he
Speaker 1: chose to reach out to Harry and Megan towards the
Speaker 1: end of the address and wish them luck. I think
Speaker 1: he said in building their lives overseas? Is that was
Speaker 1: Was that the right thing to say at this time?
Speaker 1: Did it sound like a kiss off to you? How
Speaker 1: would you describe it? No? I think it was. It
Speaker 1: was very significant that he included them, and I think
Speaker 1: it is important that I think the monarchy is moving
Speaker 1: into this more slimmed down format if you like, that
Speaker 1: focuses on the direct line of succession, of which you know,
Speaker 1: Harry and Megan are part. I mean, Harry is now
Speaker 1: the son of the sovereign and that that does put
Speaker 1: him in a very significant position. So I think he
Speaker 1: was being inclusive, if you like, and trying to kind
Speaker 1: of show his immediate family as being the kind of
Speaker 1: the key center of the royal family and including Harry Meger.
Speaker 1: So that was reaching out in a in a genuine
Speaker 1: way in your opinion, I think so. I think so again. Obviously,
Speaker 1: you know, much of that kind of discussion around his
Speaker 1: family was talking about William taking on the role of
Speaker 1: Prince of Wales and Catherine his wife as Princess of Wales.
Speaker 1: But the fact that again he did mention Harry and Megan,
Speaker 1: I think made it that he wanted it to not
Speaker 1: just be about William, you know, you moving up the
Speaker 1: rank if you like, in terms of the succession that
Speaker 1: he was including and mentioning them and again supporting their
Speaker 1: choice to to build a different life for themselves. Ellie,
Speaker 1: thank you so much for spending some time with a.
Speaker 1: Sally Woodacre is Winchester University's royal expert, and helping us
Speaker 1: understand some of the next steps and challenges for the
Speaker 1: new King. Charles. I'm not used to saying it yet,
Speaker 1: but I will get there. As we add another voice
Speaker 1: to the conversation, Anthony Geffen looking forward to this Emmy
Speaker 1: winning documentary and produced The Horror Nation. Remember this documentary,
Speaker 1: It was Queen Elizabeth's only television interview a few years back.
Speaker 1: He's CEO and Creative director of Atlantic Productions and joins
Speaker 1: us now on Bloomberg sound on Anthony. Welcome, great say,
Speaker 1: very nice to be talking to you. Well, I look
Speaker 1: forward to your reflections on the Queen. But first I
Speaker 1: wonder how did you feel seeing King Charles speak today.
Speaker 1: I think, you know, I think it's really hard because
Speaker 1: in a way, the queen, you know, the Queen is
Speaker 1: just died, and you know, but the British monarchy has
Speaker 1: a system of outgoes one and incomes another, so you know,
Speaker 1: we've got a new era. Um. I think he's a
Speaker 1: he's a fine guy. He's he's waited a long time
Speaker 1: too to get the job, and I think he's going
Speaker 1: to do a good job, you know, once he gets going.
Speaker 1: Many of us in America, including me, by the way,
Speaker 1: have been struck by the level of emotion that people
Speaker 1: are showing in the UK. And I wonder how that
Speaker 1: emotion plays out for her son, the new king. Oh,
Speaker 1: I think usually. I mean they've always had a very
Speaker 1: close relationship. Um And I think you know, he's he's
Speaker 1: like anyone with a mother at that age, you know,
Speaker 1: you have you have a very close but he had
Speaker 1: a particularly close bond with her beyond other members of
Speaker 1: the family. Does that create a level of empathy though
Speaker 1: with the people they're they're all obviously they're mourning his
Speaker 1: mother as he does the same. And that image of
Speaker 1: him outside shaking hands with people on the rope line
Speaker 1: today was really striking, very powerful, and you know, he's
Speaker 1: a he's a very interesting man or enduring man, and
Speaker 1: I think people don't really know him. He's been sitting
Speaker 1: in the shadows and he's now going to come out
Speaker 1: of the shadows. And I think he's been preparing and
Speaker 1: thinking about the role, but much longer than any English
Speaker 1: monarch in a thousand years of history, and so I think,
Speaker 1: you know, I think he's going to do a good job.
Speaker 1: It's very hard though for him over the next period
Speaker 1: really because you know, people people are going to take
Speaker 1: a long time to let the queen go. You know,
Speaker 1: I think they'll they'll turn you into a memory. But
Speaker 1: in the moment it's dairy um. I mean walking around
Speaker 1: Britain today, everyone from young and old, you know, are
Speaker 1: very very emotional about it. It's it's really interesting and
Speaker 1: not surprising. Did you get to know him well when
Speaker 1: you were making the coronation? Yeah, yeah, I've met him
Speaker 1: on several other occasions and again, I mean very impressed
Speaker 1: by by him, and I think he's again he's had
Speaker 1: to play everything very low key, because you know, in
Speaker 1: some ways he he's spent high key in terms of
Speaker 1: his views about plants and buildings. But but actually he's
Speaker 1: held back for a while. And the older the Queen got,
Speaker 1: the more he wanted to hold back. He didn't want
Speaker 1: to be seen in any way to be to be
Speaker 1: reigning on her parade. So how did you ever get
Speaker 1: the Queen to do her only ever sit down interview
Speaker 1: like this? Well? It was extraordinary. Really. I was a
Speaker 1: colleague of Minchael Ellis the Bruce. We decided twenty years
Speaker 1: before we got there in two thousand seventeen, that we
Speaker 1: should really make this this film with the Queen, and
Speaker 1: the Queen was very open to discussions, but she wasn't
Speaker 1: open to making a film about the coronation flash forwards
Speaker 1: many many years later. And it's kind of interesting that.
Speaker 1: I think The Crown had quite an impact if you
Speaker 1: think about it, because in The Crown you have Claire
Speaker 1: Foy playing the Queen the Coronation, Yes, and I think
Speaker 1: that the Queen always said to me she'd never watched it,
Speaker 1: but I think she heard the influence, and I think
Speaker 1: finally managed to get across that actually the real story
Speaker 1: had to be done. No monarch had ever talked about
Speaker 1: the coronation in a thousand years, and it was very
Speaker 1: personal to her, and this was an extraordinary occasion that
Speaker 1: you know, the world watched, but actually, you know, we
Speaker 1: didn't really know what she was thinking. And I think
Speaker 1: once we persuaded the powers that be and then the
Speaker 1: Queen that this was her opportunity to talk about something
Speaker 1: a she'd never talked about, being no one had ever
Speaker 1: talked about, and was very personal to her, that was
Speaker 1: very special, but it was a very hard thing to do. Now.
Speaker 1: What's interesting is the New York Time called it the
Speaker 1: program you know, the Queen unscripted, and that's correct. He
Speaker 1: didn't go in with any scripts that she does normally.
Speaker 1: Suede to her too. We got footage, for example, of
Speaker 1: the coronation. Do you know what, she'd never seen the coronation,
Speaker 1: never seen the footage of the coronation ever, so to
Speaker 1: be showing her that she actually not very emotional, and
Speaker 1: it took her back to being, you know, twenty seven
Speaker 1: years old, and she told us wonderful stories about you
Speaker 1: know how uncomfortable the carriage was or other person. No
Speaker 1: one ever as ever understood why the Queen came to
Speaker 1: a complete hold going up Westminster Abbey, and she told
Speaker 1: us her foot got stuck in the in a rug. Suddenly,
Speaker 1: you know something is very personal, very very personal. Stories
Speaker 1: came out and uh, we were Another extraordinary thing is
Speaker 1: no monet has ever really seen the sin Edward's crown twice,
Speaker 1: but the Queen knew that she could call this favor,
Speaker 1: and she called the favorite. So we we got her
Speaker 1: from the Tower of London, which is unprecedented. This this
Speaker 1: amazing crown, and she hadn't seen it was like an
Speaker 1: old friend and she picked it up and there's very
Speaker 1: funny moments. Actually was only three people who can touch
Speaker 1: the crown. One is the crown jeweler, one is the
Speaker 1: Archbishop of country, one of the Queen. And I said
Speaker 1: to the crown jew could you move the crown? And
Speaker 1: she just picked it up and said, I am the Queen.
Speaker 1: The candor that we saw from the Queen was quite remarkable.
Speaker 1: She spoke about actually wearing that crown, which was remarkable.
Speaker 1: Let's listen for a while. Fortunately, my father and I
Speaker 1: have about the same sort of shaped head. But once
Speaker 1: you put it on, it stays. I mean, it just
Speaker 1: remains itself. You have to keep your head very still, yes,
Speaker 1: and you can't look down to read the speech. You
Speaker 1: have to take the speech up because if you did,
Speaker 1: your neck would break. Who did it fall off? So
Speaker 1: there are some disadvantages to crowns, but otherwise they're quite
Speaker 1: important things. They're quite important things. Anthony is just a
Speaker 1: reminder that she had a great sense of humor, which
Speaker 1: we saw on a number of visits here in the US. No,
Speaker 1: she did another wonderful story where we were talking to her.
Speaker 1: She didn't know the story of where the crown jewels
Speaker 1: went during the war, and we found out through secret
Speaker 1: documents that they were buried under part of the west
Speaker 1: of the Windsor at Windsor Castle, and she we told
Speaker 1: her the story and its extraordinary. Basically shoved them in
Speaker 1: a hole, and the most valuable bits of a grund
Speaker 1: Jules they put in a bar fall of a biscuit
Speaker 1: tin to the Queen turned back to me and said,
Speaker 1: what would have happened if the man who who had
Speaker 1: done that had died or disappeared? We never would have
Speaker 1: known where the cold jewels were, and she was way
Speaker 1: ahead of the She had a berry dry censers humor.
Speaker 1: She was way ahead of the courtiers who couldn't quite
Speaker 1: keep up. And you know, that's the queen. She she
Speaker 1: she just had this wonderful, wonderful sharp sense of humor
Speaker 1: and and and it's she used it many many times
Speaker 1: throughout her reign. But we were really lucky. I think
Speaker 1: the period of filming this, a lot of people in
Speaker 1: the courtiers I spoke to said, she's never been this open,
Speaker 1: she'd never been this relax and it was because she
Speaker 1: was reliving that moment. Now. I then found out white
Speaker 1: to the twenty years it's because her father had just died.
Speaker 1: She was twenty seven years old. She didn't want to
Speaker 1: do the transmission of the coronation particularly, and so when
Speaker 1: it was finished, she literally got everything metaphorically and put
Speaker 1: it in the cupboard. And here I was coming along
Speaker 1: and saying, can you now tell us about the coronation.
Speaker 1: But once she's amazing. Once she got over that, my god,
Speaker 1: she wanted everything. She said, you know, what dress do
Speaker 1: you want me to wear? And what you know? Which
Speaker 1: which diamond should I mean, it was amazing. She just
Speaker 1: threw herself into it, and she was constantly great fun
Speaker 1: and off off camera she was so sharp on politics.
Speaker 1: I mean I was just chatting to her about things.
Speaker 1: She was she was incredibly articulate. What would you think?
Speaker 1: What would she think of the elaborate nature of this farewell,
Speaker 1: this funeral that's now being planned. WHOA, that's difficult. I
Speaker 1: mean the Queen, you know, really liked pageantry, and I think,
Speaker 1: you know, people talk to her, I'm sure about what
Speaker 1: was going to happen, but she was very modest too,
Speaker 1: so I mean, sometimes we want to be talking about
Speaker 1: things and she need to let clear everything down. But
Speaker 1: I actually think she you know, she would actually probably
Speaker 1: and I think she was consulted. I'm sure she accepted
Speaker 1: that this needed to happen. I mean, you know, she's
Speaker 1: the greatest monarchs that we've had, and in a modern
Speaker 1: era where everybody split on ideas, that's pretty extraordinary. But
Speaker 1: I was so lucky to spend the time with her
Speaker 1: where she literally said, you know, I'm going to be
Speaker 1: totally open with you. The courts were not allowed to
Speaker 1: edit the questions and she actually had a good time.
Speaker 1: You know. It's quite interesting. When the film was finished.
Speaker 1: She was pleased with it, but she wanted to see
Speaker 1: how her courtures are or various people at Fannery and
Speaker 1: ports that she she asked him to watch it, and
Speaker 1: she was quite nervous apparently, Wait and they all came
Speaker 1: and they said, you're brilliant. And now that meant a
Speaker 1: lot to her because I didn't do many programs, So
Speaker 1: she was thrilled that she was good in the program.
Speaker 1: Fascinating conversation with Anthony Geff and I appreciate your joining
Speaker 1: us today, Anthony, and our condolences go out to you
Speaker 1: from Washington, d C. Great well, not at all, very
Speaker 1: nice speaking to you. It's a smbole our panel for
Speaker 1: their take on everything we just heard. Bloomberg Politics contributors
Speaker 1: Rick Davis and Jeanie Schanzino are here. Rick, we talked
Speaker 1: yesterday about preparing for the speech and how to strike
Speaker 1: the right tone and what was really not a political speech.
Speaker 1: How did the King perform in this I guess very
Speaker 1: delicate address. Yeah, I think it was very straightforward, very formal.
Speaker 1: Uh And and I think we tend to diminish the
Speaker 1: fact that he's been in public life since the day
Speaker 1: he was born. I mean not like, you know, professionally
Speaker 1: getting involved in politics and the United States or something,
Speaker 1: and you know, being in office for a long time.
Speaker 1: But since the day he was born, he was heir
Speaker 1: to the throne. And so everything he's done, every education,
Speaker 1: every class, every relationship that he's had has been in
Speaker 1: the context of someday you'll be king. And so I
Speaker 1: think that the he's been well trained for this moment.
Speaker 1: This was sort of what all of this was building
Speaker 1: up for. And the fact that it took over seventy
Speaker 1: years to get here is a tribute to his patients
Speaker 1: and drink that, uh. And I think he did he
Speaker 1: did just fine. And I loved the fact that he
Speaker 1: um uh sort of talked about that his boys as
Speaker 1: a father would not as a king. What did you
Speaker 1: make of that, you know, reaching out to after all
Speaker 1: the controversy, Uh, Genie reaching out to Harry and Megan
Speaker 1: the way he did today? It was did he did
Speaker 1: he pick the right words to do that? Did it
Speaker 1: feel legitimate? Yeah? I think it did. I think he
Speaker 1: did a very good job today. And of course their
Speaker 1: children are have titles now that their grandfather is king um,
Speaker 1: and of course it's very important as both a father
Speaker 1: and a father figure of a country that he displayed
Speaker 1: that publicly, and I thought he did a good job.
Speaker 1: I think the interesting part of this, of course, is
Speaker 1: one of the things that Queen Elizabeth did so beautifully
Speaker 1: was she became this symbol that was above politics, above
Speaker 1: the phrase. So whether you were left, right or center,
Speaker 1: you could have this love of and belief in the Queen.
Speaker 1: And you know, that's going to be something that we're
Speaker 1: going to see King Charles now have to live up to,
Speaker 1: and it's going to be a little bit tougher, I
Speaker 1: think for him, because he is somebody who has been
Speaker 1: a little bit more explicit about his political views, not
Speaker 1: necessarily left and right, but on traditionalism and other things.
Speaker 1: And that's going to be something to watch because it's
Speaker 1: been that symbolic about the free aspect that is, you know,
Speaker 1: revived the monarchy while the British Empire was collapsing around her,
Speaker 1: and for him to sustain that is going to be
Speaker 1: something He's going to have to walk a fine line
Speaker 1: doing what did you think today, Rick, seeing him outdoors
Speaker 1: shaking hands on the rope line us, you know, just
Speaker 1: really interacting with people and what appeared to be a
Speaker 1: very genuine exchange. He seemed to really enjoy it. Could
Speaker 1: he actually help to redefine what it is to be
Speaker 1: the monarch in England and be you know, more outward,
Speaker 1: more public. Well, it's always been a challenge for the
Speaker 1: British monarchy to modernize, right, and we've watched it painfully
Speaker 1: in full view. Right. The difficulty that they've had an
Speaker 1: important moments to understand, you know, how to deal with
Speaker 1: the masses. And I don't say that in a derogatory way,
Speaker 1: but you know, it is what it is. And and
Speaker 1: so for the really the first time the public has
Speaker 1: spent any time with the new king for him to
Speaker 1: be really with a very light security detail on a
Speaker 1: rope line, you know, interacting people. At one point he
Speaker 1: pushed his security away. Yeah, honestly I was watching some
Speaker 1: of it and I get the guy out from in
Speaker 1: front of the camera. Bad advance work. Where's the king
Speaker 1: get out of the way? Um? And uh? And And
Speaker 1: the reality is that I think this is his instincts, right,
Speaker 1: he is sort of the new CEO of the firm, right,
Speaker 1: we got used to this is almost like a corporation.
Speaker 1: And and the reality is I think he's got a
Speaker 1: moment where he can bridge two generations, you know, the
Speaker 1: World War two generation that his mother's from. And the
Speaker 1: reality is he will not govern long. He's seventy three
Speaker 1: years old, and his term as king will probably end, uh,
Speaker 1: you know before the change in the decades, uh, you know,
Speaker 1: come near and and there will be a brand new,
Speaker 1: younger generation of of of of monarchs coming in from
Speaker 1: behind him. And he's got to be that transition. And
Speaker 1: I think so far he's handling that transition very well.
Speaker 1: You know, it really is worth reminding ourselves, Genie that
Speaker 1: he's mourning his his own mother. This was just twenty
Speaker 1: four hours ago. And to be thrust, I mean, this
Speaker 1: is part of the deal, immediate ascension. You're thrust into
Speaker 1: the public eye at once. I wonder if he allows
Speaker 1: us to see more of that emotion along the way.
Speaker 1: And I think that's going to be a big question
Speaker 1: how he handles all of this. To your point, as
Speaker 1: a human being, you just look at you know, to
Speaker 1: have to go through the death of a parent so
Speaker 1: publicly and assume this sort of great position at the
Speaker 1: same time, of course, his mother went through the same
Speaker 1: thing as a very young woman in Kenya, and so
Speaker 1: he has a lot of you know, lessons there. As
Speaker 1: Rick pointed out, he's been training for this his entire life.
Speaker 1: But I think a lot of this has less to
Speaker 1: do necessarily with him, and certainly he has the ability
Speaker 1: to handle this. I think a lot of it also
Speaker 1: has to do with how people in Great Britain, across
Speaker 1: Great Britain, across the Commonwealth quite frankly, respond to this.
Speaker 1: We can't recall it's not just that long ago that
Speaker 1: Barbados officially removed Queen Elizabeth as the head of state.
Speaker 1: We've had votes in Australia, there's questions about the continuation
Speaker 1: of the Commonwealth. She made this something you wanted to
Speaker 1: join versus being forced to join. So he's going to
Speaker 1: have a job ahead of him to keep this intact
Speaker 1: and that is going to be something that he was
Speaker 1: in Barbados for that. That's going to be something he's
Speaker 1: trained for. He knows how to do it, but it
Speaker 1: is a big challenge for any figure, and particularly someone
Speaker 1: who doesn't have the political power that's you know, more
Speaker 1: than opaque candling it there to do it with great
Speaker 1: insights on what lies ahead for a new king. Jennie
Speaker 1: Chanzano and Rick Davis, Bloomberg Politics Contributors, our signature panel
Speaker 1: on the Fastest Hour in Politics. Coming up, we turned
Speaker 1: to Ukraine. I'm Joe Matthew. This is Bloomberg. Thanks for
Speaker 1: joining us on Bloomberg Sound On. There is a convincing
Speaker 1: chorus that's growing louder surrounding the counter offensive in Ukraine.
Speaker 1: As I read on the terminal, Ukrainian officials and Russian
Speaker 1: military bloggers alike are describing a counter offensive in the
Speaker 1: north that has surprised in its speed, the first time
Speaker 1: since the war began that Ukrainian forces have been able
Speaker 1: to push past Russian defenses on a more than tactical level.
Speaker 1: It's taking hold, and we're hearing from the State Department,
Speaker 1: the Pentagon and NATO Secretary General Yain Stoltenberg. The war
Speaker 1: in Ukraine is entering a critical face. Ukrainian forces have
Speaker 1: been able to stall Moscow's offensive and dombus It's strike
Speaker 1: back behind the Russian Alliance and retake territory. Just in
Speaker 1: the last few days, we have seen further progress both
Speaker 1: in the south in catson On, in the east in
Speaker 1: the clod Cave In region. He held a news conference
Speaker 1: today with Secretary of State Anthony Lincoln. It's focused in
Speaker 1: the south around her Son in that area, but we're
Speaker 1: also seeing Ukraine not only hold the line in the
Speaker 1: Dondas and in the northeast, but as you noted, make
Speaker 1: a significant advance, moving some in one area past what
Speaker 1: had been the existing Russian line. I think it's too
Speaker 1: early to say exactly where this will go. The Chairman
Speaker 1: of the Joint Chiefs of Staff, General Mark Millie, spoke
Speaker 1: to this yesterdays have achieved minor tactical success in various
Speaker 1: parts of eastern Ukraine, but so far Russian strategic objectives
Speaker 1: have been defeated, have been defeated. Now six months plus
Speaker 1: a couple of weeks and I know we're headed for
Speaker 1: a tough winter, That's what all the analysis has told us.
Speaker 1: But this appears to be a good moment for Ukraine.
Speaker 1: Let's bring in Bloomberg National Security Team leader Nick Wadham's
Speaker 1: for a little more on this. Nick the the Secretary
Speaker 1: General of NATO here against Altenburg, calling this a critical phase.
Speaker 1: What happens in the next couple of weeks for us
Speaker 1: to get a sense of whether this is working well.
Speaker 1: We're gonna see very quickly whether this counter offensive stalls.
Speaker 1: President Zelinsky and his nightly address UH this evening in
Speaker 1: Ukraine said that Ukrainian forces had taken another thirty settlements
Speaker 1: in here. Seeing obviously, as you mentioned, the commentary from
Speaker 1: Russian boggers as well, gives you a sense that maybe
Speaker 1: this might be real. The CIA director William Burns was
Speaker 1: at a conference yesterday which he said that he believed
Speaker 1: Russi his campaign had been and would turn out to
Speaker 1: be a failure. And so you know, you've seen a
Speaker 1: lot of support for the Ukrainians. Secretary Lincoln was in
Speaker 1: Kiev and and crucially offered another two billion dollars in
Speaker 1: support for Ukraine. So you're starting to see the US
Speaker 1: really amp up again. It's military and economic support. I'm
Speaker 1: glad you mentioned that it's two point eight billion dollars,
Speaker 1: and not only for Ukraine, it's for our Eastern European
Speaker 1: allies as well, essentially fortifying that entire region. Nick, what
Speaker 1: does that tell you about our objectives? Well, I think
Speaker 1: what you're seeing is a real effort to deter Vladimir
Speaker 1: Putin from doing anything further beyond Ukraine, but also it's
Speaker 1: a push to get other nations to step up. The
Speaker 1: US of wants to see more money contributed by the UK, France,
Speaker 1: all sorts of other nations that it says, you know,
Speaker 1: are talking to talk on Ukraine, but they'd also like
Speaker 1: to see them contribute more. Mike, would it be worth
Speaker 1: a surge if I can use that term of weapons
Speaker 1: or cash or something that we can do right now
Speaker 1: to help tip the balance further in Ukraine's favor? Or
Speaker 1: is this really up to Ukraine at this point? Well,
Speaker 1: I mean that's what they say they're doing. There was
Speaker 1: a U. S Military official on a call today who
Speaker 1: said they were thinking of supplying Gray Eagle arm drones,
Speaker 1: so stepping it up a notch in terms of military hardware.
Speaker 1: And they're doing another six and seventy five million doll
Speaker 1: draw down on US inventories. That's going to include you know,
Speaker 1: precision guided artillery shells and all sorts of weaponry. So
Speaker 1: what you're seeing from the US as a real push
Speaker 1: to amp up the military support beyond weapons that they
Speaker 1: had previously conceived. It does beg the question which I
Speaker 1: know a lot of lawmakers in Washington have been asking, why,
Speaker 1: why wait till now? Could we have given all this
Speaker 1: stuff in the outset maybe shortened this war. Well, I mean,
Speaker 1: it is a good question. And and you know a
Speaker 1: lot of folks on the hill who had pressured for
Speaker 1: that early on or I'm saying that, you know, I'm
Speaker 1: saying exactly the same thing. But you know, this was
Speaker 1: something that I don't think you know, even though the
Speaker 1: US was warning this was going to come and cut
Speaker 1: a lot of people off Dard and you know, there
Speaker 1: was a certain element of needing to ramp things up
Speaker 1: that just took some time to the admistry. Is is
Speaker 1: the big conversation dead at this point. They've been asking
Speaker 1: for more fighter jets to so called close the sky
Speaker 1: since this war has been underway. Is President Zelenski any
Speaker 1: closer to getting more jets? Not? Not anytime soon. I mean,
Speaker 1: the US does not want to have a situation where
Speaker 1: it's pilots or pilots in in aircraft supplied by the
Speaker 1: US or even NATO allies are in a direct confrontation
Speaker 1: with Russians because the fear that there would be a
Speaker 1: wire spread to the war. Even if we gave him
Speaker 1: Russian made MiGs, though that doesn't change. It's more about
Speaker 1: where they came from. Who, who gassed them up and
Speaker 1: who flew them? Is that your point? That's that's right,
Speaker 1: I mean, because they would have to come from NATO allies.
Speaker 1: So then Russia could plausibly claim that they were in
Speaker 1: a war with NATO, and then who knows She's sad?
Speaker 1: The nuclear plant is worth asking about here, Nick. We
Speaker 1: know that this has become more precarious with time. We
Speaker 1: understand from the head of the i a e A
Speaker 1: that shelling has increased, presumably from Russia. How is this
Speaker 1: getting worse when we have inspectors inside. Well, that plant
Speaker 1: has now been taken almost entirely offline, so it's no
Speaker 1: longer providing nuclear power. The i e A was leaving
Speaker 1: a few people there as monitors and in hopes that
Speaker 1: their presence who had essentially helped stop the shelling, But
Speaker 1: so far there's no sign of that, So that just
Speaker 1: continues to be aspiring problem, one of many that we're
Speaker 1: keeping our eyes out at this stage. Incredibly dangerous situation. Nick,
Speaker 1: Thank you as always, Nick Wadham's Bloomberg National Security team leader.
Speaker 1: You can read a lot more on the terminal here
Speaker 1: about not only the precarious situation surrounding the plant, but
Speaker 1: this breakthrough in the north, which is quite remarkable to
Speaker 1: see this actually taking place. It began just a couple
Speaker 1: of days ago southeast of Kharkiv, and it is taking hold.
Speaker 1: The Ukrainian four spearheaded by fifteen tanks, moving and overwhelming
Speaker 1: eight villages in less than a day, according to Bloomberg
Speaker 1: News reporting. We're gonna add the panel to this, bringing
Speaker 1: Rick and Jeanie coming up next year on the fastest
Speaker 1: hour in Politics, check traffic and markets for you on
Speaker 1: the way, and a little bit later on here President
Speaker 1: Biden's dream that he told us about last night. It's
Speaker 1: all ahead. I'm Joe Matthew in Washington. This is Bloomberg.
Speaker 1: You're listening to Bloomberg. You sound on with Joe Matthew
Speaker 1: on Bloomberg Radio. As Ukraine pushes back on Russia, the
Speaker 1: word from the Secretary General at NATO, Yen Stoltenberg is
Speaker 1: pretty straightforward. They have no other choice. If Russia stops fighting,
Speaker 1: they will be peace. If Ukraine stops, I think it
Speaker 1: will cease to exist as an independent nation. So we
Speaker 1: must stay the course for Ukraine's sake. On for hours
Speaker 1: to reassemble the panel now, Rick Davis and Jennie Schanzano,
Speaker 1: Bloomberg Politics Contributors, Genie, that's a pretty stark message from
Speaker 1: the Secretary General. If we stop moving, we die, essentially,
Speaker 1: is what he's saying. That's right, And you know, I
Speaker 1: think reflecting back on what you were just discussing, I mean,
Speaker 1: who would imagine six months ago that Ukraine would be
Speaker 1: making the strides it has. But he's exactly right. If
Speaker 1: they stopped fighting, that would be the end of the nation.
Speaker 1: So they will fight, and this is the miscalculation that
Speaker 1: Vladimir Putin has made. I think the real question here.
Speaker 1: You know, we know that Ukraine's ability to make these
Speaker 1: gains has come because of the support it's it's received.
Speaker 1: Does Vladimir Putin do something to try to disrupt particularly
Speaker 1: Western europe support by way of grain or energy for
Speaker 1: the war, or does he do some thing that that
Speaker 1: Vladimir's Lensky said the other day, some kind of nuclear escalation.
Speaker 1: I think those two things are the real threat at
Speaker 1: this point, that he realizes how frustrated he is and
Speaker 1: that he's not gaining and he does something that, you know,
Speaker 1: to escalate this even further. And that's a really, really
Speaker 1: scary proposition. Meantime, Rick Davis, officials in Kiev, including President
Speaker 1: Zelenski himself, are really trying to show the US and
Speaker 1: allies that they can win this thing to keep the
Speaker 1: pipeline open. Yeah, it was one thing to stop the Russians,
Speaker 1: it's another thing to push them back. And I think
Speaker 1: this initiative that is underway right now, that's been going
Speaker 1: on for the better part of a month UH is
Speaker 1: demonstrating that the Ukraine military has the capacity and the
Speaker 1: will to fight the Russians on their own terms and
Speaker 1: regain territory. And both as you were describing earlier, in
Speaker 1: the South and the East. UM, tactically they seem to
Speaker 1: be incredibly good position. They've been taking up ground with
Speaker 1: the with the resources have and so there is some
Speaker 1: optimism with the notion that we aren't stuck in a
Speaker 1: status quote anti position where the Russians hold the territory
Speaker 1: they've got they quote liberated and manage it like they did,
Speaker 1: you know, when they took over Crimea in two thousand fourteen.
Speaker 1: This is an active war and and there's ground being
Speaker 1: taken up now by the Ukrainians and there's no reason
Speaker 1: to believe they can't continue this assault with the support
Speaker 1: from NATO and in our country. You heard Nick Wodhams
Speaker 1: mentioned that, uh, we you know, we're sending another draw
Speaker 1: down of weapons here, including the Great Eagle drone. Are
Speaker 1: are are the weapons were sending rick up to the
Speaker 1: fight that Ukraine is in right now? Well, the weapons
Speaker 1: we're sending to Ukraine, from what we can tell now,
Speaker 1: are far superior than the weapons that the Russians have
Speaker 1: on the field today, which they're buying back from North Korea. Well,
Speaker 1: I mean, you know, and one of the things that
Speaker 1: we're learning is that they lacked the resources to replace them.
Speaker 1: You know, the microchips and things like that that we're
Speaker 1: finding and used equipment empowered by the Russians is second
Speaker 1: or third level kind of material. And of course we're
Speaker 1: putting in as you describe, the Gray Eagle, which is
Speaker 1: the predecessor of the the Predator drone. I love these
Speaker 1: words and names. You know, Air Force Reaper was one
Speaker 1: of the other sort of drones that they've been used,
Speaker 1: and these are very advanced first world UH equipment, and
Speaker 1: the fact that that is something that the Ukrainians can
Speaker 1: deploy gives them actually a tactical advantage in the field.
Speaker 1: And I think this is part of what we're seeing
Speaker 1: in modern warfare, is the Russians are fighting a World
Speaker 1: War two style campaign in the Ukraine, and I think
Speaker 1: the Ukrainians of leap frog dat and are actually fighting
Speaker 1: in a real world environment. It is quite something you
Speaker 1: need to learn that the Russians are buying back Soviet
Speaker 1: made equipment, military equipment from North Korea. This is like
Speaker 1: the worst off on the market, right, but that's pretty
Speaker 1: much all they can get at the moment. That's right, Armament, resupplies,
Speaker 1: artillery shells, missiles, and you know, just a few weeks
Speaker 1: back we heard that they were waiting or hoping essentially
Speaker 1: that they were going to be getting Iranian made drones
Speaker 1: and that's what they were banking on. So you know,
Speaker 1: clearly they need supplies, they need ammunition, and they're not
Speaker 1: getting it from the best sources. And this is where
Speaker 1: Vladimir's a Lensky's campaign I think early on has played
Speaker 1: out so beautifully to get the support of the world,
Speaker 1: particularly the Western world and NATO, and boy, you can
Speaker 1: see that paying dividends at this point. Genie and Rick
Speaker 1: our signature panel here on Bloomberg Sound On in our
Speaker 1: remaining moments, we turned to domestic politics. Just a day
Speaker 1: after President Biden left the bubble, left the White House
Speaker 1: and went down to National Harbor, not far from the
Speaker 1: beautifully lit well. What is it not a merry go
Speaker 1: around ferris wheel? That's right. You wouldn't be leave it
Speaker 1: if you saw it down there. This neighborhood didn't exist
Speaker 1: a couple of years ago, but they held a big
Speaker 1: fundraiser down there for the d n C. And he
Speaker 1: talked about a dream that he had for the future.
Speaker 1: Imagine if we just elected two more Democrats the Senate,
Speaker 1: keep the House of Representatives. Imagine, we'll codify rov Wade,
Speaker 1: we'll bandisol, weapons, will protect so security, Medicare, will pass
Speaker 1: universal pre k, well, restarting the childcare tax credit. We'll
Speaker 1: protect voting. Right, did you get all that? That's the list.
Speaker 1: If President Biden sees a Democratic majority on Capitol Hill,
Speaker 1: which no one is predicting as I read now, seventy
Speaker 1: two House Democrats say they are willing to force a
Speaker 1: government shutdown if Democratic leaders move ahead with a plan
Speaker 1: to to put Joe Manchin's energy permitting bill along with
Speaker 1: this stop gap spending measure that keeps the government funding
Speaker 1: because of course, we don't do budgets around here anymore. Rick,
Speaker 1: what's your take on this here? You know, it's been
Speaker 1: a really good stretch for Joe Biden and Democrats. Are
Speaker 1: we about to get into an argument of shouldn't shut
Speaker 1: down the government? Well, I would ask the Democrats, those
Speaker 1: seventy two House members, how do you like that Inflation
Speaker 1: Reduction Act? Because that came at a cost, and that cost,
Speaker 1: you know, explicitly a deal was made between Mansion and
Speaker 1: Schumer to give Mansion basically control of energy permitting process.
Speaker 1: It's it was a transaction. It's bought and paid for,
Speaker 1: and whether you like it or not, that's how you
Speaker 1: got the one thing that you want to take to
Speaker 1: the mid term elections, the inflation Reduction Acts. So um,
Speaker 1: you know, music to the Republicans ears that they want
Speaker 1: to have a fight over this after the fact, but
Speaker 1: the reality is, whether you like it or not, that
Speaker 1: deal is done. So what are we talking about here, Genie?
Speaker 1: We know based on history that the party in power
Speaker 1: tends to get the blame for the government shutting down.
Speaker 1: We're gonna do that right before the mid term elections.
Speaker 1: Seventy two House Democrats think that's a good idea. Yeah,
Speaker 1: it's not a good idea to shut down the government,
Speaker 1: and so they need to bear that in mind. But
Speaker 1: this is a real controversy. I mean, we heard Bernie
Speaker 1: Sanders on the floor yesterday and he was slamming this
Speaker 1: as a disastrous side deal. And we are hearing a
Speaker 1: lot and that's where you get to these seventy two
Speaker 1: and I suspect there may be a few more, a
Speaker 1: lot of even some you wouldn't describe as far left
Speaker 1: Democrats who are saying that this deal that was struck
Speaker 1: is absolutely going to destroy that environment in West Virginia.
Speaker 1: And so this is where we come down to. I
Speaker 1: think they've got to be very careful because, of course,
Speaker 1: by the same token, they can't fulfill Joe Biden's dream
Speaker 1: of taking anything unless Purple Democrats, Democrats and purple states
Speaker 1: are able to win, and they won't be able to
Speaker 1: do that with a government shutdown. The permitting legislation apparently
Speaker 1: could speed up approval of the of the multi billion
Speaker 1: dollar Mountain Valley gas pipe plane as it's called. It
Speaker 1: crosses guess what West Virginia rick how much of it?
Speaker 1: This is about that where it looks like Joe Manchion
Speaker 1: is enriching himself where I guess companies in his own
Speaker 1: state versus just the width of carbon Well, I think
Speaker 1: I think it's a little both, right. I mean, Joe
Speaker 1: Mansion wants more fossil fuels. That's just a fact. He
Speaker 1: happens to be a Democrat, right, I mean, it's a
Speaker 1: little odd to here are Democrats talking like this, But
Speaker 1: he's a West Virginia Democrat. It's cold country, it's oil country,
Speaker 1: it's gas country, you know, fracking, And so it is
Speaker 1: who he is and and in in his job is
Speaker 1: to represent West Virginia. And West Virginia is not a
Speaker 1: state that's gonna have a lot of solar it's not
Speaker 1: a state that's gonna have a lot of wind energy.
Speaker 1: I mean. And so they are who they are, and
Speaker 1: whether the Democrats like it or not, in a Senate
Speaker 1: they have to cut deals with guys like Joe Mansion.
Speaker 1: They've been doing it for the last two years and
Speaker 1: to great effect. How many people have been touting the
Speaker 1: fact that there have been all these fantastic legislative achievements
Speaker 1: by Biden, and there's one person who's personally responsible for
Speaker 1: most of those in the Senate, and that's Joe Manchin.
Speaker 1: So I mean, when I look at the grand total
Speaker 1: of the trillions of dollars that have been funneled to
Speaker 1: the American people, whether it's through the infrastructure, a COVID
Speaker 1: or Inflation Reduction Act, and you've got him with his
Speaker 1: finger on the you know, hydrocarbons. Look, I'm against it.
Speaker 1: I don't think we should be having more oil and gas.
Speaker 1: But the reality is, look what the trade is. I mean, really,
Speaker 1: you're actually going to stop the function of the federal
Speaker 1: government because of this. I mean, it's nonsense. Well, and
Speaker 1: it's likely just a threat here, genie, But when you
Speaker 1: listen to the laundry list that the President rolled out
Speaker 1: last night, caught a fine Roe v. Wade, banning assault
Speaker 1: weapons and so forth, does any of that see the
Speaker 1: light of day in a split Congress? No, I mean,
Speaker 1: I mean, you know, at this point, it looks like
Speaker 1: at the very least, Republicans take the House. And so
Speaker 1: you know, if makes all of this move right, it
Speaker 1: makes all of this move And let's not forget California
Speaker 1: is facing record breaking heat wave right now. Um, climate
Speaker 1: activists have a real and a fundamental and a fair
Speaker 1: point to make on this. But a lot of what
Speaker 1: we've talked today, whether it's Europe the United States, has
Speaker 1: to do with the challenge of energy moving to clean energy.
Speaker 1: How do you do it? These are real conversations to
Speaker 1: be had, but shutting down the government is not the
Speaker 1: way to proceed there, Genie, thank you. And Rick Davis
Speaker 1: as well are Bloomberg Politics contributors and our signature panel
Speaker 1: here on sound on what a week I mean, really
Speaker 1: have a great weekend. I'll meet you back here Monday.
Speaker 1: I'm Joe Matthew in Washington. There's only one place you
Speaker 1: hear conversations like these. This is Bloomberg