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Speaker 1: This is a Bloomberg Business Flash from Bloomberg World Headquarters.
Speaker 1: I'm Charlie Pellett, the Dow, the SMPNAS stack All Trading
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Speaker 1: Bloomberg Business flash. You're listening with Kathleen on Bloomberg Radio.
Speaker 1: President Obama has formally endorsed Hillary Clinton and implored Democrats
Speaker 1: to come together in order to elect her after a
Speaker 1: bruising primary battle. He says that the stakes of the
Speaker 1: election were too high to allow party divisions to stand
Speaker 1: in the way of defeating Donald J. Trump. Here to
Speaker 1: tell us more is Craig Gordon, Managing editor from Bloomberg
Speaker 1: News in Washington, d C. Craig tell us the feeling
Speaker 1: right now in Washington and all of the information you
Speaker 1: have about this endorsement, absolutely, I mean right now, there
Speaker 1: is definitely a sense that the Bernie Sanders campaign is
Speaker 1: seeing its twilight. Um, the President invited Bernie Sanders, or
Speaker 1: had Bernie Sanders over to the White House, where told
Speaker 1: Bernie Sanders asked for the meeting. It's clear they had
Speaker 1: a respectful discussion. But it also sounds like President Barack
Speaker 1: Obama said to Bernie Sanders, I'm gonnador Hillary Clinton today.
Speaker 1: So like you've had your meeting, You've had now a
Speaker 1: phone call on Sunday, a meeting today. I's trying to
Speaker 1: move forward, and Hillary is about to get my endorsement. Um. So,
Speaker 1: Bernie Sanders came out and said he'll continue campaigning through
Speaker 1: Tuesday's primary in d C. But it's pretty much over
Speaker 1: at this point. Yeah, and probably a foregone conclusion because
Speaker 1: we knew that the President was meeting with Bernie Sanders,
Speaker 1: we know that he had talked to him on the
Speaker 1: phone over the weekend. One thing Hillary Clinton and Bernie
Speaker 1: Sanders have in common to a certain extent, is, uh,
Speaker 1: at least during the campaign months, a crusade against Wall Street.
Speaker 1: Is it significant that one of the first things we
Speaker 1: learn as the President endorses Hillary Clinton now, uh, that
Speaker 1: she's going to consult with Elizabeth Warren on Wall Street.
Speaker 1: Elizabeth Warren who has been very tough on Wall Street
Speaker 1: and would probably like to see even stricter rules applied. Yeah.
Speaker 1: I mean, at one level, that is not a huge surprise. Um.
Speaker 1: Right now, Hillary Clinton's job is but even before she
Speaker 1: has to turn to the task of beating Donald Trump
Speaker 1: in November, she has to get a lot of those
Speaker 1: Bernie Sanders supporters on board with her. There's still a
Speaker 1: lot of sore feelings, uh, in in the Sanders camp
Speaker 1: and in the Sanders campaign and the Standard supporters toward Hillary.
Speaker 1: It was was actually that's sort of a I would say,
Speaker 1: a bitter fight. Um, Bernie Sanders did not go quietly.
Speaker 1: He decided to stay until the end. He still does
Speaker 1: not think. I think to this day, based on his
Speaker 1: comments at the White House at Chilly is fully embracing
Speaker 1: the issues that he's brought to the table, or whether
Speaker 1: it's an income inequality or health care for all college
Speaker 1: you know, paid for by the government, and he is
Speaker 1: trying to keep that voice going. So a lot of
Speaker 1: his people came with him because they did not really
Speaker 1: believe in Hillary clintor want to support Hillary Clinton. So
Speaker 1: first and foremost she has to say to them, Look,
Speaker 1: I'm I'm with you all, do for you what Bernie
Speaker 1: Sanders would have done. No better way to say that
Speaker 1: than to talk up Elizabeth Warren on a day like today.
Speaker 1: In a lot of ways, a lot of those Bernie
Speaker 1: Sanders voters had hoped Elizabeth Warren, the Senator from Massachusetts,
Speaker 1: would be the one running. She didn't. He did, so
Speaker 1: they had to back Bernie. I'm not I don't mean
Speaker 1: to make light of it. It's very possible that Hilly
Speaker 1: Clinton is going to talk very seriously with Elizabeth Warren,
Speaker 1: possibly even a cabinet post. There's a lot of rumors
Speaker 1: in d C. You know, who knows, maybe a Clinton
Speaker 1: Warren ticket president vice president, not just one woman on
Speaker 1: the ticket historically, but too. I'm not sure we're gonna
Speaker 1: see that go quite that far, but it's a good
Speaker 1: day for really going to be talking about Elizabeth Warren
Speaker 1: as Bernie Sanders supporters are looking for someplace to go
Speaker 1: with their votes. Craig, one thing that is not a
Speaker 1: rumor is that Hillary Clinton, as the standard bearer of
Speaker 1: the Democratic Party and endorsed by the president, is the
Speaker 1: first woman to hold that role. Is there a sense
Speaker 1: of the historic quality? I will tell you it's actually funny.
Speaker 1: As reporters who cover this, and we've been covering this
Speaker 1: since all the way back in the first week in
Speaker 1: February in Iowa, it is occasionally easy to forget. You know,
Speaker 1: you're so busy in the in the here and now,
Speaker 1: you're so busy with the who's up, who's down, what's
Speaker 1: happening today, that on Tuesday night we had to have
Speaker 1: a little huddle in our newsroom there in New York,
Speaker 1: a little bit to be like, hey, let's remember this
Speaker 1: is actually kind of a big night. We're actually witnessing
Speaker 1: some history here. I'm not saying we're pro Hily Clinton, right,
Speaker 1: that we're just saying, undisputably, as you said, indisputably, as
Speaker 1: you say, there's there's some history being made here. It's
Speaker 1: easy to sort of forget that. I think Hillary Clinton
Speaker 1: is going to spend a lot of time making sure
Speaker 1: we don't forget that. I was struck by how much
Speaker 1: she talked about the historic milestone she achieved on on
Speaker 1: Tuesday Night, the becoming the first major party nominee who
Speaker 1: was a woman. And I think she's gonna talk about
Speaker 1: that quite a lot. On the trail in two thousand
Speaker 1: and eight, she really almost never talked about it. In
Speaker 1: she's talking about a lot. She needs those women voters
Speaker 1: to come out and support her to be Donald Tromp
Speaker 1: a huge part of her base. She needs to get
Speaker 1: him fired up, and she's trying. And of course, what
Speaker 1: many people pointed out is that, uh, sometimes with women,
Speaker 1: if you if you're gonna find a weak spot. She's
Speaker 1: stronger with older women and maybe not as strong with millennials, right,
Speaker 1: And maybe it's you kind of wonder then, because we
Speaker 1: have Margaret Talive on the show yesterday, your colleague who
Speaker 1: covers the White House for Bloomberg News, and she pointed out,
Speaker 1: you know, but Hillary has been first lady. She's been,
Speaker 1: you know, the the head of the State Department. So
Speaker 1: maybe that's another reason why it doesn't feel quite as like,
Speaker 1: oh wow, there's a woman up there. But I wonder
Speaker 1: if this this issue for younger women is they're kind
Speaker 1: of more used to women being in positions of power.
Speaker 1: I totally agree. Um. I mean, look, you have Janet
Speaker 1: Ellen runs the Federal Reserve, Angelo Mercle runs Germany, Christine
Speaker 1: Legarde runs the I M f uh, you know going,
Speaker 1: and even Margaret Thatcher ran you know, the UK for
Speaker 1: a while. It is it is while it is an
Speaker 1: enormous historical mouth, and inside the United States, around the
Speaker 1: rest of the world, they could fairly say, hey, what
Speaker 1: are you folks on waiting for over there? You know,
Speaker 1: come and join the party. So I do you know,
Speaker 1: I've always reluctant to talk, you know, go too far
Speaker 1: down the roads and within the mind of year old women.
Speaker 1: But I could see them saying, you know, yeah, she
Speaker 1: was the first lad then she was the center, then
Speaker 1: she was the Secretary of State. This doesn't seem like
Speaker 1: quite as big a milestone, but I think for a
Speaker 1: certain there's a certain generational split. And some of our
Speaker 1: polling it was women under forty were less impressed, women
Speaker 1: over forty were more impressed. There is a historical split there,
Speaker 1: or a generational split there. I think he was gonna
Speaker 1: try to talk to both halfs of that split and
Speaker 1: and try to get him on board with her campaign.
Speaker 1: Quick question, do you really think she'd pick a woman
Speaker 1: woman to be the vice president? I mean, she's a woman.
Speaker 1: Do you need to on the ticket? Off? Do you
Speaker 1: need to I don't know if you need to. Look.
Speaker 1: I'll say about this is that there is a there
Speaker 1: is a little bit of historical president Bill Clinton. I
Speaker 1: was much remarked about when he picked Al Gore, another
Speaker 1: Southern younger politician, to be on his ticket. He won
Speaker 1: the White House that way. It's not such a crazy idea.
Speaker 1: It's in a year that we've seen all kinds of
Speaker 1: things we would never have expected. We shall see. Craig Gordon,
Speaker 1: thank you so very much for joining as part of
Speaker 1: our Bloomberg Politics team in Washington. D c We're gonna
Speaker 1: talk player with Megan Murphy, his colleague in Washington, as
Speaker 1: well Bloomberg's Washington bureau chief, about the latest on the
Speaker 1: campaign trail. This is taking Stock on Boomberg Radio. Coming
Speaker 1: up on taking stock a bet for seen? How about
Speaker 1: joining George Soros and buying some gold? It's up this year?
Speaker 1: Will it continue? We'll find out more