1 00:00:02,480 --> 00:00:06,439 Speaker 1: Bloomberg Audio Studios, podcasts, radio. 2 00:00:06,480 --> 00:00:10,480 Speaker 2: News, Kamala Harris outraising Donald Trump by nearly five to 3 00:00:10,600 --> 00:00:13,720 Speaker 2: one among big donors in the final stages of the campaign. 4 00:00:13,920 --> 00:00:17,200 Speaker 2: One wealthy individual supporting Harris is Mark Cuban, the minority 5 00:00:17,200 --> 00:00:19,000 Speaker 2: owner of the Dallas Mavericks. And I'm pleased to say 6 00:00:19,000 --> 00:00:21,040 Speaker 2: that Mark joined us now. Mark, welcome to the program. 7 00:00:21,079 --> 00:00:23,400 Speaker 2: We spoke to a Trump campaign advisor a little bit 8 00:00:23,440 --> 00:00:25,159 Speaker 2: earlier this morning, and I want to start with you 9 00:00:25,239 --> 00:00:27,640 Speaker 2: in a similar way that I started with him, which 10 00:00:27,680 --> 00:00:29,720 Speaker 2: is basically, I'm waking up this morning. I'm a swing 11 00:00:30,040 --> 00:00:33,360 Speaker 2: state voter. I'm in Pennsylvania State, and I still haven't 12 00:00:33,400 --> 00:00:35,560 Speaker 2: decided who I'm going to vote for. And I'm thinking 13 00:00:35,600 --> 00:00:38,360 Speaker 2: back to how Harris talked about in twenty nineteen that 14 00:00:38,400 --> 00:00:41,200 Speaker 2: she wanted to banfracking. I understand she's changed her mind, 15 00:00:41,200 --> 00:00:42,880 Speaker 2: but I'm worried that she's a bit of a shape shift, 16 00:00:42,880 --> 00:00:45,040 Speaker 2: that she gets back into power and she'll change her 17 00:00:45,080 --> 00:00:47,199 Speaker 2: mind again. How do you settle those concerns? 18 00:00:47,600 --> 00:00:49,240 Speaker 1: The world's changed since twenty nineteen. 19 00:00:49,320 --> 00:00:51,760 Speaker 3: She's open minded, She's talked openly about the fact that 20 00:00:51,840 --> 00:00:54,720 Speaker 3: she wants to given descending opinions A place at the 21 00:00:54,760 --> 00:00:58,440 Speaker 3: table with her. She's not dogmatic, That's how you explain it, 22 00:00:58,640 --> 00:01:01,000 Speaker 3: and she's looking to put together the best policy. She 23 00:01:01,200 --> 00:01:04,200 Speaker 3: said in twenty twenty that she supported fracking, So I 24 00:01:04,240 --> 00:01:05,560 Speaker 3: think that's a non issue. 25 00:01:05,720 --> 00:01:07,480 Speaker 1: And in terms of you know, is she just an 26 00:01:07,520 --> 00:01:08,480 Speaker 1: extension of Biden? 27 00:01:08,840 --> 00:01:13,360 Speaker 3: Just look at Biden's budget proposal versus what Kamala Harris 28 00:01:13,400 --> 00:01:14,360 Speaker 3: is actually proposed. 29 00:01:14,680 --> 00:01:16,240 Speaker 1: Biden wanted much higher taxes. 30 00:01:16,280 --> 00:01:18,680 Speaker 3: Kamala Harris came in twenty eight percent for tax rate 31 00:01:18,760 --> 00:01:22,040 Speaker 3: for cap gains and twenty eight percent for corporation and 32 00:01:22,360 --> 00:01:24,360 Speaker 3: did not say a word and will not say a word. 33 00:01:24,240 --> 00:01:25,759 Speaker 1: About unrealized capital gains. 34 00:01:25,800 --> 00:01:29,240 Speaker 3: And so I think she's completely different. She's not a 35 00:01:29,280 --> 00:01:30,560 Speaker 3: shape shift in the least bit. 36 00:01:31,080 --> 00:01:33,679 Speaker 4: Well, that individual we were speaking to, Scott Bessant, this 37 00:01:33,880 --> 00:01:38,040 Speaker 4: key economic policy advisor to the Trump campaign, says that Harris, 38 00:01:38,120 --> 00:01:40,720 Speaker 4: what he hears from a lot of Wall Street journals, 39 00:01:40,720 --> 00:01:44,160 Speaker 4: that she would be moderated by a Republican Senate and 40 00:01:44,200 --> 00:01:46,600 Speaker 4: that's why Wallstreet would be willing to vote for her, 41 00:01:46,680 --> 00:01:49,640 Speaker 4: because of that moderating effect that she would get from 42 00:01:49,640 --> 00:01:51,560 Speaker 4: a red Senate. Is there any truth to that? 43 00:01:51,920 --> 00:01:53,880 Speaker 3: Yeah, of course, I mean, balance is not a bad 44 00:01:53,920 --> 00:01:58,160 Speaker 3: thing necessarily. I'm not opposed to a divide in Congress, 45 00:01:59,320 --> 00:02:01,840 Speaker 3: you know. But theom line is what will Kamala Harris do? 46 00:02:01,880 --> 00:02:03,760 Speaker 3: And I think she's better for the economy in so 47 00:02:03,840 --> 00:02:06,040 Speaker 3: many ways. You know, there's three hundred and thirty five 48 00:02:06,080 --> 00:02:08,960 Speaker 3: million people in this country. Four million make four hundred 49 00:02:09,000 --> 00:02:10,080 Speaker 3: thousand dollars or more. 50 00:02:10,360 --> 00:02:12,600 Speaker 1: The other three hundred and thirty million make less. 51 00:02:12,600 --> 00:02:14,960 Speaker 3: Is she has been very specific that if you make 52 00:02:15,000 --> 00:02:17,760 Speaker 3: four hundred thousand dollars or less, your taxes aren't going up. 53 00:02:18,000 --> 00:02:20,480 Speaker 3: In fact, for one hundred million people, they're going down. 54 00:02:20,680 --> 00:02:23,880 Speaker 3: The other big expense that every household is fearful of 55 00:02:24,280 --> 00:02:26,880 Speaker 3: is healthcare expenses. Donald Trump has said he has a 56 00:02:26,919 --> 00:02:30,160 Speaker 3: concept of a plan. Kamala Harris has been very specific 57 00:02:30,200 --> 00:02:33,919 Speaker 3: on the pharmaceutical side, saying she's going after the pharmacy benefit. 58 00:02:33,639 --> 00:02:36,040 Speaker 1: Managers, the middlemen, and she'll introduce transparency. 59 00:02:36,360 --> 00:02:39,120 Speaker 3: I know from my own personal experiences with costplus drugs 60 00:02:39,360 --> 00:02:42,120 Speaker 3: that'll lead to a twenty thirty percent or more deduction 61 00:02:42,240 --> 00:02:45,560 Speaker 3: in the cost of medications for households and businesses. 62 00:02:45,880 --> 00:02:47,000 Speaker 1: And then you've got teriffs. 63 00:02:47,200 --> 00:02:49,760 Speaker 3: As Michael I think it was said earlier, tariffs are 64 00:02:49,800 --> 00:02:50,959 Speaker 3: a bad idea. 65 00:02:51,440 --> 00:02:54,240 Speaker 4: I mean, it's so bad, then why did Biden and 66 00:02:54,320 --> 00:02:55,520 Speaker 4: Kamala Harris keep them? 67 00:02:55,600 --> 00:02:58,640 Speaker 1: They keep good. Trouble about that, right, because that's not 68 00:02:58,680 --> 00:03:01,799 Speaker 1: completely that's not completely accurate. First look at the EU. 69 00:03:02,000 --> 00:03:04,440 Speaker 3: They Biden side the deal saying that there would be 70 00:03:04,480 --> 00:03:07,200 Speaker 3: no terriffs between the two EU and. 71 00:03:07,200 --> 00:03:09,000 Speaker 1: The United States for the next five years. 72 00:03:09,000 --> 00:03:11,480 Speaker 3: So those terraffs are gone. And then you look at 73 00:03:11,520 --> 00:03:14,520 Speaker 3: what Trump tried to introduce. He had four years to 74 00:03:14,520 --> 00:03:16,800 Speaker 3: try to implement teriffs at work, and he got his 75 00:03:16,880 --> 00:03:18,080 Speaker 3: butt kicked by China. 76 00:03:18,240 --> 00:03:21,480 Speaker 1: The retaliatory terriffs almost destroyed the soybean in the farming 77 00:03:21,520 --> 00:03:23,880 Speaker 1: industry and he had to pay out twenty million dollars. 78 00:03:23,960 --> 00:03:26,919 Speaker 3: But as it applies to households, right, he's talking about 79 00:03:26,919 --> 00:03:30,280 Speaker 3: a sixty percent across the board terraffs for Chinese imports. 80 00:03:30,600 --> 00:03:31,959 Speaker 1: China makes just about every. 81 00:03:31,840 --> 00:03:34,520 Speaker 3: Christmas present that we buy for a kid, so families 82 00:03:34,520 --> 00:03:37,320 Speaker 3: would be looking at a sixty percent or more increase 83 00:03:37,360 --> 00:03:40,360 Speaker 3: and what they'd spend on Christmas, and the downstream impact 84 00:03:40,440 --> 00:03:43,400 Speaker 3: of that would be significant to small and large businesses. 85 00:03:43,760 --> 00:03:45,760 Speaker 4: Mark, let's talk about something you've been very vocal on. 86 00:03:45,840 --> 00:03:48,840 Speaker 4: This is regulation You've said that you don't think Harry 87 00:03:48,840 --> 00:03:51,440 Speaker 4: should keep Lena Khan at the head of the FTC. 88 00:03:51,680 --> 00:03:55,120 Speaker 4: On and Alexandro Cassio Cortes, the congresswoman from New York, 89 00:03:55,640 --> 00:03:58,680 Speaker 4: went to Twitter and she said, billionaires like you Mark 90 00:03:58,760 --> 00:04:00,520 Speaker 4: are trying to play foot seat with the ticket. If 91 00:04:00,560 --> 00:04:03,640 Speaker 4: anyone goes near Lena kh there will be quote an 92 00:04:03,680 --> 00:04:06,800 Speaker 4: out and out brawl. Where is Harris when it comes 93 00:04:06,840 --> 00:04:08,640 Speaker 4: to things like the FTC. 94 00:04:09,600 --> 00:04:11,960 Speaker 1: I don't know. I haven't talked about personnel with her 95 00:04:12,040 --> 00:04:15,760 Speaker 1: or her team. I have no intention about talking about personnel. 96 00:04:16,080 --> 00:04:17,839 Speaker 1: You know. I was asking a question. 97 00:04:18,080 --> 00:04:20,960 Speaker 3: About what I thought about the FTC, and I thought that, 98 00:04:21,080 --> 00:04:24,760 Speaker 3: you know, the possibility of breaking up the big technology 99 00:04:24,800 --> 00:04:27,200 Speaker 3: companies would be a negative because I think, you know, 100 00:04:27,279 --> 00:04:30,040 Speaker 3: winning the AI battle for the United States is paramount 101 00:04:30,480 --> 00:04:34,000 Speaker 3: from military in and economic perspective. So I voiced my opinion. 102 00:04:34,000 --> 00:04:36,040 Speaker 3: But I'm not involved in those conversations at all. 103 00:04:36,080 --> 00:04:38,919 Speaker 5: But it really raises this ultimate question, which is what 104 00:04:39,120 --> 00:04:42,560 Speaker 5: policies will she follow. She's been engaging with AOC quite 105 00:04:42,600 --> 00:04:44,800 Speaker 5: a bit in terms of the campaign trail, and there's 106 00:04:44,800 --> 00:04:46,880 Speaker 5: a real question of how much there will be an 107 00:04:46,920 --> 00:04:50,200 Speaker 5: effort to cater to the further left sides of the 108 00:04:50,240 --> 00:04:53,800 Speaker 5: Democratic wing versus the sort of centrist appeal that she's 109 00:04:53,839 --> 00:04:56,679 Speaker 5: been trying to have. How much are you actually getting 110 00:04:56,680 --> 00:05:00,320 Speaker 5: confidence that she's going to have business executives in abent 111 00:05:00,400 --> 00:05:04,320 Speaker 5: positions in top areas where she really is listening to 112 00:05:04,360 --> 00:05:05,159 Speaker 5: what they have to say. 113 00:05:05,960 --> 00:05:08,000 Speaker 1: I talk to her campaign almost every day. I'm one 114 00:05:08,080 --> 00:05:11,000 Speaker 1: hundred percent certain. I'm much as confident. I'm certain that 115 00:05:11,000 --> 00:05:11,920 Speaker 1: that's what they're going to do. 116 00:05:11,960 --> 00:05:14,000 Speaker 3: I've been on the trail with Doug Amhoff, who, as 117 00:05:14,080 --> 00:05:15,960 Speaker 3: part of his presentation, talks. 118 00:05:15,800 --> 00:05:17,120 Speaker 1: About what a capitalist she is. 119 00:05:17,440 --> 00:05:19,640 Speaker 3: She's talked about, you know, wanting to create twenty five 120 00:05:19,760 --> 00:05:21,000 Speaker 3: million new businesses. 121 00:05:21,040 --> 00:05:23,000 Speaker 1: That's not a reflection of anything far left. 122 00:05:23,720 --> 00:05:26,000 Speaker 3: One of the first things she did was introduce a 123 00:05:26,080 --> 00:05:29,400 Speaker 3: tax deduction or increase the tax deduction for startup cost 124 00:05:29,440 --> 00:05:30,920 Speaker 3: to fifty thousand dollars. 125 00:05:31,160 --> 00:05:32,920 Speaker 1: That's very important. 126 00:05:33,160 --> 00:05:36,240 Speaker 3: She recognizes that if the thirty three million companies in 127 00:05:36,240 --> 00:05:39,200 Speaker 3: this country, ninety nine percent are passed through, ninety nine 128 00:05:39,240 --> 00:05:39,880 Speaker 3: percent are. 129 00:05:39,800 --> 00:05:41,960 Speaker 1: Run by people making four hundred k or less. 130 00:05:42,400 --> 00:05:45,440 Speaker 3: Those small businesses are what drive the economy. They create 131 00:05:45,520 --> 00:05:48,720 Speaker 3: most of the new jobs every single year. So she's 132 00:05:48,760 --> 00:05:51,080 Speaker 3: focused on an opportunity economy. 133 00:05:51,080 --> 00:05:52,919 Speaker 1: I don't think she can be any more clear. 134 00:05:53,240 --> 00:05:56,200 Speaker 5: Mark, do you think that this campaign for Kamala Harris 135 00:05:56,200 --> 00:05:58,600 Speaker 5: could have done more to reach out to the mail voter. 136 00:05:58,720 --> 00:06:01,440 Speaker 5: This seems to be an election that is unique in 137 00:06:01,600 --> 00:06:04,159 Speaker 5: just how bifurcated the male and the female vote really 138 00:06:04,160 --> 00:06:06,919 Speaker 5: has been. There were some questions around Joe Rogan and 139 00:06:06,960 --> 00:06:09,640 Speaker 5: how to appeal to the male vote and how to 140 00:06:10,000 --> 00:06:13,880 Speaker 5: really bring the genders together. What's your take on this 141 00:06:14,000 --> 00:06:15,560 Speaker 5: campaign's approach to that. 142 00:06:16,000 --> 00:06:17,200 Speaker 1: I think it was very data driven. 143 00:06:17,320 --> 00:06:19,840 Speaker 3: I mean, women have a high propensity of voting, and 144 00:06:20,160 --> 00:06:23,320 Speaker 3: you know, with all with reproductive rights and other issues 145 00:06:23,360 --> 00:06:26,600 Speaker 3: that were geared towards women, I think she did a 146 00:06:26,600 --> 00:06:28,760 Speaker 3: great job of connecting to them. 147 00:06:29,040 --> 00:06:30,000 Speaker 1: You know, maybe she didn't. 148 00:06:30,400 --> 00:06:32,400 Speaker 3: She didn't do everything she could have with men, but 149 00:06:32,440 --> 00:06:33,920 Speaker 3: that's okay because she went to. 150 00:06:33,839 --> 00:06:35,120 Speaker 1: The people who are going to vote more. 151 00:06:35,400 --> 00:06:37,200 Speaker 3: You go, you know, as a business person, you go 152 00:06:37,320 --> 00:06:39,599 Speaker 3: to the people you have the best opportunity to sell to, 153 00:06:39,880 --> 00:06:41,320 Speaker 3: who's going to buy your product. 154 00:06:41,080 --> 00:06:42,000 Speaker 1: Who's going to vote for you. 155 00:06:42,040 --> 00:06:44,320 Speaker 3: In this particular case, and the fact that she's only 156 00:06:44,320 --> 00:06:47,120 Speaker 3: been in the race fourteen weeks and she's caught up 157 00:06:47,160 --> 00:06:49,760 Speaker 3: completely and now I believe pastor and will win today. 158 00:06:50,080 --> 00:06:52,440 Speaker 1: I think she's done the exact right thing, Mack. 159 00:06:52,480 --> 00:06:54,680 Speaker 2: Speaking of business and product, there's a famous squad from 160 00:06:54,680 --> 00:06:57,480 Speaker 2: Michael Jordan, which I'm sure you know well. Republicans by 161 00:06:57,520 --> 00:07:00,240 Speaker 2: snake is too and raised the question about you, and 162 00:07:00,240 --> 00:07:02,520 Speaker 2: I wanted to ask you about this from man who's 163 00:07:02,520 --> 00:07:04,520 Speaker 2: got a line of businesses, why was this important to 164 00:07:04,600 --> 00:07:07,440 Speaker 2: you to put your name and reputation on the line 165 00:07:07,680 --> 00:07:11,200 Speaker 2: and really get deep into politics when ultimately Republicans by 166 00:07:11,200 --> 00:07:11,880 Speaker 2: sneakers too. 167 00:07:12,840 --> 00:07:14,720 Speaker 1: So I'm not going to get deep into politics, but 168 00:07:14,800 --> 00:07:17,040 Speaker 1: I think this. You know, this is a close election 169 00:07:17,120 --> 00:07:18,080 Speaker 1: for a reason, and I think. 170 00:07:18,040 --> 00:07:21,720 Speaker 3: Kamala Harris will be the best president and is a 171 00:07:21,720 --> 00:07:23,080 Speaker 3: better choice than Donald Trump. 172 00:07:23,280 --> 00:07:26,040 Speaker 1: It's that simple. I mean, I love this country. I'm 173 00:07:26,080 --> 00:07:28,800 Speaker 1: in this position because of everything this country has given me. 174 00:07:29,480 --> 00:07:32,280 Speaker 3: I'm blessed, and I thought, you know, I truly believe 175 00:07:32,320 --> 00:07:34,880 Speaker 3: that she will be the better president for the United 176 00:07:34,920 --> 00:07:37,640 Speaker 3: States of America and that's the only reason I'm doing this. 177 00:07:37,840 --> 00:07:39,600 Speaker 2: Well, thanks for sharing your time with this this morning. 178 00:07:39,720 --> 00:07:41,400 Speaker 2: We appreciate it, Mark, and hopefully we can can't sha 179 00:07:41,440 --> 00:07:44,280 Speaker 2: up against soon. Mark Cuban that on the latest campaign 180 00:07:44,320 --> 00:07:45,640 Speaker 2: effort from the Harris Campaign