Speaker 1: Bloomberg Audio Studios, podcasts, radio news. As we speak, we
Speaker 1: know that the nominations for Trump's cabinet is coming false
Speaker 1: and furious. Let's get perspective. Kevin McCaughey, from a US
Speaker 1: House speaker, joins me at this time, speakers, thank you
Speaker 1: for joining us. You know we've had names like Rubio, Walt's, Gates,
Speaker 1: even I mean, how do you make what do you
Speaker 1: make off the choices so far?
Speaker 2: I think choices are very good except one. Look, Gates
Speaker 2: won't get confirmed. Everybody knows that. But when you look
Speaker 2: at a Rubio, just the knowledge that he has being
Speaker 2: in the Intel Committee, I was on the Gang of Eight,
Speaker 2: and his understanding even when you listen to the other
Speaker 2: side of the aisle, they say he'll make a great
Speaker 2: Secretary of State. So that's strong for me. A Waltz
Speaker 2: just his background from a Green Beret and others being
Speaker 2: the but John Radcliffe at CIA, former DNI, that's very strong.
Speaker 2: And the difference is to what was eight years ago. Today,
Speaker 2: President Trump understands job, he knows the people that he
Speaker 2: needs around him to get there, and I think he's
Speaker 2: gonna be much better prepared because he only has one term.
Speaker 2: But he'll he'll hit the ground running this time.
Speaker 1: You say Gates will not be confirmed, Why bother with
Speaker 1: the nomination?
Speaker 2: Then you can talk to the president. But it's a
Speaker 2: good it's it's a good deflection from others. But it
Speaker 2: also gives I'll let us stand there with that.
Speaker 1: No, I mean, just provide us some thinking into you
Speaker 1: know what Trump had in mind when he made that nomination.
Speaker 1: Is it a case so if you know you win
Speaker 1: some looseum it is a negotiating tactic or what's is it?
Speaker 2: You'd have to ask President. But Gates couldn't win in
Speaker 2: a Republican conference, So it doesn't matter when you.
Speaker 1: Take a look at the nomination so far. I mean
Speaker 1: we've seen you know, China hawks for instance. Is that
Speaker 1: an indication of how he will approach the relationship is
Speaker 1: in the US and China.
Speaker 2: Look, I think for those world leaders they have a
Speaker 2: relationship with President Trump, and I think they're probably thankful
Speaker 2: that President Trump won. It brings greater stability around the world,
Speaker 2: but it also says a very clear message that America
Speaker 2: won't be pushed around. And also when it comes to
Speaker 2: economic issues like trade and others, this president wants to negotiate.
Speaker 2: This president wants to have a fair deal and he
Speaker 2: can work with anybody, be it the leader of North
Speaker 2: Korea and stop testing your missiles unless sit down and talk.
Speaker 2: He's willing to sit down and talking about that's a
Speaker 2: different approach that I think is much more successful. And
Speaker 2: I think the world will approach that Putin never invaded
Speaker 2: in another country why President Trump was in office, and
Speaker 2: I think that will those things will stop as well.
Speaker 1: So he's open to negotiation. The fact that he's threatening
Speaker 1: sixty percent tariffs and China, that's a negotiation tool.
Speaker 2: No. But the one thing I will say what President
Speaker 2: Trump is saying is why is America's markets wide open
Speaker 2: for you? And why don't you have China open for America?
Speaker 2: If not, that's not fair. And he's going to stand
Speaker 2: for America first. And I think that's a very smart
Speaker 2: place to be. And it's a new day, it's a
Speaker 2: new leader, and I think it will make the world safer, stronger,
Speaker 2: and a fair negotiations and trade for everybody.
Speaker 1: In the world. So, in terms of executive orders, he's
Speaker 1: talking about how the first day was he sweeping executive
Speaker 1: orders from day one? What do we expect to see.
Speaker 2: Well, that's not unusual for any president. But what he's
Speaker 2: going to do is exactly what he campaigned on a promise.
Speaker 2: He's going to secure our border. And he has to
Speaker 2: put sweeping executives' orders into secure our border because the
Speaker 2: whole reason why the American border got wide open just
Speaker 2: because the executive orders of Joe Biden. So he's got
Speaker 2: to wipe that away. He's going to make to unshackle
Speaker 2: what holds back America's economy. Okay, so that's from regulation.
Speaker 2: How can we make sure we get a better place.
Speaker 2: He's also going to make sure government for all Americans
Speaker 2: is more efficient, more accountable in the process, and that's
Speaker 2: a whole new look that American hasn't had since the
Speaker 2: forties when we've got to transform and do something big,
Speaker 2: and he's bringing the best and brightest minds. I was
Speaker 2: just texting with Elon was texting me this morning. I mean,
Speaker 2: think about having the brain of Elon Musk to sacrifice
Speaker 2: his time away from his businesses to help every single
Speaker 2: American make government more efficient, more accountable, and actually deliver
Speaker 2: the job that we're supposed to do.
Speaker 1: You talk about Elon, you brought the two together Elon
Speaker 1: Mosk and President Trum You have a great understanding of
Speaker 1: how he thinks and what he's able to do. Isn't
Speaker 1: there though a conflict of interest? This is a man
Speaker 1: who's benefited in a huge way in terms of billions
Speaker 1: of government contracts. How is that not a conflict of interest?
Speaker 2: Your question's all wrong. Who's benefited America? America didn't have
Speaker 2: an engine a rocket to go to space. Elon built it.
Speaker 2: America just had a hurricane and they couldn't get the
Speaker 2: Internet if it wasn't for Elon Starlink. When you think
Speaker 2: of the environment and Tesla the number one selling car
Speaker 2: in America, Elon doesn't benefit from government. America has benefited
Speaker 2: from Elon and for Elon to sacrifice his time away
Speaker 2: from business because he cares about a country that opened
Speaker 2: up those arms that he immigrated to that we are
Speaker 2: so proud of. I know it doesn't matter where you
Speaker 2: stood in the political spectrum, but when you watched in
Speaker 2: the middle of the campaign that Elon sent a rocket
Speaker 2: to space reusable came back and grabbed it and nobody
Speaker 2: else in the world can do it. And that wasn't government,
Speaker 2: that was SpaceX. So people who benefit is American from Elon.
Speaker 2: It's not the other way around.
Speaker 1: But some can argue that Elon will benefit from easing
Speaker 1: regulation intag in cryptocurrencies. I mean, take a look at
Speaker 1: how deuts coin did when you know his department was
Speaker 1: called Deutsche as a short form. I mean, it went
Speaker 1: not more than seven hundred percent. Surely that is a benefit.
Speaker 1: Surely he stands to gain in terms of policies easing
Speaker 1: policies in things like technology.
Speaker 2: Well, I take it you never met Elon, because you
Speaker 2: would never You would have never said that. The thing
Speaker 2: about Elon, he's a Thomas Edison. He doesn't care about wealth.
Speaker 2: He likes to invent and create the world to be better.
Speaker 2: So if you ever spent time with him, you would
Speaker 2: realize that's a whole premise of your question is off.
Speaker 2: He doesn't put where he invests. He doesn't even think
Speaker 2: about that. What he's thinking is how does he make
Speaker 2: the world more sustainable, How does he make the world safer?
Speaker 2: How does he put America in a stronger footing? And
Speaker 2: you know what, the rest of the world helps get
Speaker 2: benefits from that same place. So no, he won't get
Speaker 2: a benefit, but Americans are going to get a benefit,
Speaker 2: and I wish others. I mean, this is a president
Speaker 2: that's not afraid to go to the best and brightest.
Speaker 2: You know, in America, we used to have this thing
Speaker 2: called the Peace Corps where people would volunteer to come back.
Speaker 2: We need a peace Corps in executives who shows government
Speaker 2: how to be more efficient, because you know what that
Speaker 2: will do. It'll save the taxpayer a lot of money.
Speaker 2: He'll make government more efficient and effective for those who
Speaker 2: care the most about it that we need to. And
Speaker 2: it will also put America on a stronger footing so
Speaker 2: the next century could be theirs.
Speaker 1: We've talked about how Trump has learned from his first
Speaker 1: time in governments. How would he do it differently this time?
Speaker 2: Well, I think it's the whole theory of ten thousand hours.
Speaker 2: He only has four years. He has an unbelievable work ethic.
Speaker 2: He also knows where he got stymied and where he
Speaker 2: got held back. So from this part, he's got a
Speaker 2: big agenda. He wants to make sure he gets his
Speaker 2: in a short amount of time. So he's going to
Speaker 2: engage from the very beginning and just look what he's
Speaker 2: doing in transitioner days.
Speaker 1: What can be expected the first hundred days, how will
Speaker 1: it look like.
Speaker 2: I think you'll be shocked by the first one hundred days.
Speaker 2: I think you'll kind of be shocked by the first month.
Speaker 2: And the difference is this president won by such a
Speaker 2: big majority. Okay, no Republican has won a majority like
Speaker 2: this in thirty four years where he captured the Senate
Speaker 2: and he captured the House, and they would not have
Speaker 2: won the majority without President Trump winning the popular vote
Speaker 2: and electoral college by more than three hundred when two
Speaker 2: seventy is the magic number. That is almost a mandate
Speaker 2: from the American people to do the things that he said,
Speaker 2: to curve inflation right, to keep our streets safe again,
Speaker 2: to have a border, but to make sure our military
Speaker 2: is prepared for the future. That's turning the DoD around.
Speaker 2: And he's got the best minds coming in to do that.
Speaker 2: And he doesn't have to sit around to have people
Speaker 2: tell him what to do. He knows the job of
Speaker 2: what needs to happen. He has the relationships around the world.
Speaker 2: I will tell you from the day he won, the
Speaker 2: number of foreign leaders who called me wanting to be
Speaker 2: able to talk to President Trump. President Trump is an
Speaker 2: engaging individual and I think you'll see it from every
Speaker 2: walk of life. And the most interesting thing about him
Speaker 2: is he doesn't need much sleep and he works almost
Speaker 2: twenty hours a day.
Speaker 1: You talked about relationships and those relations whereas the rest
Speaker 1: of the world would be front and center, at least
Speaker 1: for the rest of the world. Ukraine an issue that
Speaker 1: he says that he can deal with in twenty four hours.
Speaker 1: I mean, is that even realistic? Is that even conceivable?
Speaker 2: I think it's conceivable he can deal with Ukraine, and
Speaker 2: I think it's a twenty four hours twenty four hours. Look,
Speaker 2: if you know where President Trump goes, he likes to
Speaker 2: make a point and he gets people's attention that way.
Speaker 2: But I mean, the one thing that he's going to
Speaker 2: say is that Putin invaded another country. Putin never did
Speaker 2: that under the leadership of President Trump. So the world's
Speaker 2: going to become a little safer. I think the President
Speaker 2: has supported the time of Ukraine's ability to protect their
Speaker 2: own nation as well. He's already reach out and talked
Speaker 2: to Zelenski as well. So I think Putin has to
Speaker 2: have a new belief of understanding. He's got to stop
Speaker 2: what he's doing, going around the rest of the world
Speaker 2: doing this and America and the world will be safer
Speaker 2: for it.
Speaker 1: Do you think America on the Trump would be a
Speaker 1: more powerful America and America that you know is able
Speaker 1: to influence the rest of the world. Because we've seen
Speaker 1: how tensions have fled up under the Biden administration. Do
Speaker 1: you see Trump putting a lid on that? And I mean,
Speaker 1: how do you see play out in the next four years.
Speaker 2: It's easy to say what will happen. Look at what
Speaker 2: happened before, look at what the world looked like when
Speaker 2: President Trump was president, and what has happened under President Biden.
Speaker 2: So I mean that's why President Trump won by such
Speaker 2: a large margin. America likes his policies, and I think
Speaker 2: if you win around the world, they'd like the policy too.
Speaker 2: I think the Middle East will calm down. I think
Speaker 2: the world will be safer. I think there'll be more
Speaker 2: economic growth for everybody. And I think from that perspective,
Speaker 2: America is very respectful for every other nation. We also
Speaker 2: understand our values and where we go, and we respect
Speaker 2: other countries' ability to do that as well, So the
Speaker 2: world becomes safer. He's not afraid to speak to anybody,
Speaker 2: and I think communication matters. He's also not afraid to
Speaker 2: point out when other countries are doing things that aren't
Speaker 2: proper around the rest of the world and have those discussions.
Speaker 1: Unconventional also unpredictable, which is a headache for a lot
Speaker 1: of government leaders. I just want to bring the point
Speaker 1: back to where we are at the poclast for him.
Speaker 1: Lots of investors are keepping an eye on that Treasury post.
Speaker 1: Who might that be? And do you have a preference?
Speaker 2: I don't have a preference. Well I might have a
Speaker 2: personal preference, but I don't know that that matters in
Speaker 2: this place. But this is something that the president has
Speaker 2: really studied a lot. He's got a really good team
Speaker 2: going behind it. I think it's probably narrowed down to
Speaker 2: two different people, but the president has the right to
Speaker 2: pick whoever he wants for whatever position, and then they
Speaker 2: got to be confirmed. But I will tell you I
Speaker 2: think he is better prepared in this administration than he
Speaker 2: was eight years ago. The team behind it, and a
Speaker 2: lot of that gets the credit to Howard Ludnik, the
Speaker 2: work he has done and just the history that he
Speaker 2: has from Caunter Fitzgerald, just the personal history that Howard
Speaker 2: has after nine to eleven. The only reason Howard is
Speaker 2: alive today is because it was the first day of
Speaker 2: his son's kindergarten class. But his brother, his best friends,
Speaker 2: his entire firm gets wiped out, and he rebuilds it.
Speaker 2: But he rebuilds it by everybody donating back to the
Speaker 2: families that had lost those loved ones. I mean, that's
Speaker 2: an American story. And so there's so many people like
Speaker 2: that that are willing to sacrifice their time to make
Speaker 2: sure America is better and stronger, and that the Trump
Speaker 2: administration has the best people.
Speaker 1: And we would prefer for you to express your preference,
Speaker 1: no no names.
Speaker 2: I don't want to damage anybody, so I let the
Speaker 2: president just pick. It's his choice, all right.
Speaker 1: Thanks for joining us, Kevin mccafey from my US house.
Speaker 1: Speak of that with me.