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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Balance of Power podcast. Catch us live weekdays at

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Speaker 1: noon Eastern on Applecarplay and then Roun Auto with the

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Speaker 1: Bloomberg Business App. Listen on demand wherever you get your podcasts,

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Speaker 1: or watch us live on YouTube.

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Speaker 2: Welcome to the Wednesday edition. Even though I'm pretty sure

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Speaker 2: I said yesterday was Wednesday, that's kind of where we are.

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Speaker 2: It's just a big blur right now. Wednesday edition of

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Speaker 2: Balance of Power on Bloomberg Radio, on the satellite and

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Speaker 2: on YouTube. Search Bloomberg Business News Live because you'll actually

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Speaker 2: see Brad Howard with us in studio as we save

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Speaker 2: a seat for you every day here in Washington following

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Speaker 2: the candidates after quite a night on the trail. How

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Speaker 2: outraged are you today, I guess is the question, because

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Speaker 2: there seems to be a lot of anger around this morning,

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Speaker 2: after this day, after Kamala Harris delivered the big speech

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Speaker 2: from the ellipse, Joe Biden sitting about a thousand feet

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Speaker 2: behind her, saying something that did.

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Speaker 3: Not go over very well with Republicans.

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Speaker 2: If you haven't heard about the whole garbage episode yet,

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Speaker 2: let's walk you through it. Here's the president talking last

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Speaker 2: night and.

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Speaker 4: Just the other day, I speaker at his rally called

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Speaker 4: Puerto Rico a floating island of garbage. The only garbage

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Speaker 4: I see floating down there as his supporters.

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Speaker 2: Okay, so this becomes a story, apparently of the almighty apostrophe.

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Speaker 2: The White House released a transcript showing that mister Biden

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Speaker 2: was saying his supporter's apostrophe possessive demonization, meaning that this

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Speaker 2: comedian who was at Madison Square guard he was talking

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Speaker 2: about with the Puerto Rico floating island of garbage reference,

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Speaker 2: was the demonization that he was referring to.

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Speaker 3: Trump Camp doesn't buy it.

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Speaker 2: This thing is exploded to the point where Joe Biden

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Speaker 2: had to come out with a clarifying statement. And now

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Speaker 2: an interesting moment for Kamala Harris. Everybody woke up this

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Speaker 2: morning asking will she separate herself from the president. Here's

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Speaker 2: reaction from the Vice President on her way out of

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Speaker 2: town earlier today.

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Speaker 5: First of all, he clarified his comments, but let me

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Speaker 5: be claria. I strongly disagree with any coriticism of people.

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Speaker 6: Based on who they vote for.

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Speaker 5: Is you've heard in my speech last.

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Speaker 6: Night, and continuously throughout my career. I believe that the work.

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Speaker 5: That I do is about representing all the people, whether

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Speaker 5: they support me or not. And as president of Deniaia says,

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Speaker 5: I will be a president for all Americans, whether you

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Speaker 5: vote from me or not.

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Speaker 2: So is that that a We're going to spend as

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Speaker 2: much time talking about this as we did the rhetoric

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Speaker 2: at Madison Square Garden? Is there an equivalency hashtag deplorables?

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Speaker 2: Brad is with us right now, made his way over

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Speaker 2: from Corkford Street Group. It's good to see you, sir,

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Speaker 2: Thanks for coming back. You remember deplorables? That was a

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Speaker 2: moment that Hillary Clinton, I'm sure regrets. But it does

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Speaker 2: seem that we're speak speak to the outrage. It seems

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Speaker 2: that we're in a world where both parties are just

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Speaker 2: been waiting around all day waiting for something like this

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Speaker 2: to happen so they can kick out fundraising emails and

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Speaker 2: start freaking out about the rhetoric here.

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Speaker 3: Where are you with what Joe Biden's.

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Speaker 7: So, you're suggesting people feign offense around election to raise

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Speaker 7: money gave no. I mean, look, there's a lot of

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Speaker 7: differences here between that and the basket of deplorables. Comment

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Speaker 7: first being, he is not the candidate. We you know,

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Speaker 7: we made a change any months ago for that. We

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Speaker 7: don't know if you heard. So he's not the candidate anymore.

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Speaker 7: She is, and you know, and I think it gives

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Speaker 7: her an opportunity to want she's consistently said. If you remember,

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Speaker 7: there's an interview where Fox News tried to get her

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Speaker 7: to insult Trump's base and voters, and she said, I'm

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Speaker 7: not going to do that. Brett was with Brett Bear

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Speaker 7: and she's, no, I'm not going to call the American

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Speaker 7: people a name.

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Speaker 8: And today she said the exact same thing, even after.

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Speaker 7: Her even after Joe Biden did it our Democratic And

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Speaker 7: so that right there shows me that she's willing to

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Speaker 7: stand up for what she believes, and even if it's

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Speaker 7: against her own party.

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Speaker 8: That's a pretty powerful piece of character to get to show.

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Speaker 7: You know, days before an election.

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Speaker 2: Did she just remove herself from Joe Biden? Is this

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Speaker 2: why Joe Biden wasn't invited last night?

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Speaker 7: Well, I mean I think Joe Biden he was there

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Speaker 7: last night, but no, obviously not the rally.

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Speaker 8: But this election is about her and her vision.

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Speaker 7: I mean in a few days gonna, We're gonna, We're

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Speaker 7: gonna watch Joe Biden fly off in a helicopter. And

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Speaker 7: I think he was one of our greatest presidents, particularly

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Speaker 7: in terms of defending democracy here at home and abroad.

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Speaker 7: I think he'll go down in the record books for

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Speaker 7: that work he did. That's so pivotal to protecting our democracy.

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Speaker 7: But this election is about her, her vision for the

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Speaker 7: future and what she's gonna do for the American people.

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Speaker 7: When she talks about a new way forward, it's actually

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Speaker 7: kind of a genius slogan, I think, because when you

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Speaker 7: talk about new way versus old way, who's the old way?

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Speaker 7: Donald Trump, Joe Biden? Where are we're going? Not backward forward?

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Speaker 7: So a new Way forward separates her from Trump and

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Speaker 7: Biden interesting and presents a contrast which I think is amazing.

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Speaker 2: Yeah, we talked last evening on the late edition of

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Speaker 2: Balance of Power about what was said at Madison Square Garden,

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Speaker 2: the outrage and some of the lasting We really can't

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Speaker 2: quantify impact that this might have on young Latino voters,

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Speaker 2: on Puerto Rican voters who both campaigns are struggling to reach. Now,

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Speaker 2: is there an equivalency here?

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Speaker 7: No, not at all because two things. Number one, take

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Speaker 7: it decide that we just it's not appropriate freebody to

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Speaker 7: refer to anybody as trash or garbage. Number Two, I

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Speaker 7: think the what the what President Biden did say about

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Speaker 7: President Trump's supporters, They are already fired up. They are

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Speaker 7: not going to get fired up anymore. I don't know

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Speaker 7: if there's a Trump supporter that isn't going to come

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Speaker 7: hell or high water and go vote. The Puerto Rican

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Speaker 7: community is ideologically, you're incohesive like they are. They range

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Speaker 7: the political spectrum. They probably lean more Democratic once they

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Speaker 7: come over to the States on the island of Puerto Rico,

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Speaker 7: which you know, you know, it's an American territories. The

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Speaker 7: people that were born there are American citizens, but the

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Speaker 7: parties are differentiated around the question of statehood. It's not

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Speaker 7: like the parties are differentiated here. When they come over here,

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Speaker 7: they lean demmer, but they're still gettable, they're still persuadable,

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Speaker 7: and in key districts, including in the Pennsylvania, there's a

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Speaker 7: huge swath of them. So Donald Trump had the Donald

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Speaker 7: Trump probably hurt himself with a key constituency of swing voters.

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Speaker 7: I don't know that Joe Biden's comment last night offended,

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Speaker 7: I mean may have offended, but it's not going to

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Speaker 7: change any persuadable voters' minds in this up.

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Speaker 2: Well, anyone who would associate themselves, I think with Donald

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Speaker 2: Trump insulted by that remark, would never vote for Joe

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Speaker 2: Biden anyway.

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Speaker 3: Right, So not a needle mover.

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Speaker 7: And again it wasn't the candidate. I Kamala has said

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Speaker 7: that one understood, very different conversation understood.

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Speaker 2: So I like talking with you because you're a practitioner.

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Speaker 2: There are partisans and there are practitioners, and you make

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Speaker 2: no qualms about being a Democrat. We know where you're

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Speaker 2: coming from. But you've been a chief of staff, You've

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Speaker 2: helped to run campaigns, and that's why I like to

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Speaker 2: get in your head a little bit here about this

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Speaker 2: moment that we're in. Polls are tied, everybody's doing gut

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Speaker 2: check right now, nobody really knows what they're talking about.

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Speaker 2: How are you looking at the closing stages of this

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Speaker 2: with the information that we have.

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Speaker 7: So the hardest part about running a campaign, and I've

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Speaker 7: run several, is developing the model. What you're trying to

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Speaker 7: do every time you do a poll you're running it

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Speaker 7: through a model. What you're trying to predict with the

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Speaker 7: model is what is the electric going to look like

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Speaker 7: on election day? And then you input the results you

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Speaker 7: got from your polling and spits out a formula, and

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Speaker 7: that's where we get So the results you see in

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Speaker 7: polling are calculated through a formula, they're not actually.

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Speaker 8: The actual big curve on this correct.

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Speaker 7: The problem is that modeling is based on data, and

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Speaker 7: we don't have any data to suggest how a lot

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Speaker 7: of voters in this election are going to vote. For

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Speaker 7: the first time in history, you're going to see partisan

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Speaker 7: Republicans vote for a Democrat for president, Liz Cheney, Mett Romney.

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Speaker 7: You're going to see a bunch of people that have

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Speaker 7: never voted in their lives come out and vote for

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Speaker 7: Donald Trump.

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Speaker 3: You can't measure that.

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Speaker 7: You can't there's no way. There's no way to measure,

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Speaker 7: So you're kind of basing it on gut experience a

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Speaker 7: little bit. I suspect that if you're persuadable right now

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Speaker 7: nine to ten, you're gonna fall Kamala's way, because if

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Speaker 7: you don't have an opinion on Donald Trump by now,

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Speaker 7: you don't like him by now, you're never gonna yeah,

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Speaker 7: and so, but I do think he's got the big

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Speaker 7: problem of taking these what we call low propensity voters

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Speaker 7: who are scattered across America, particularly in rural area, and

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Speaker 7: you've got to get them to vote for the very

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Speaker 7: first time. They got to figure out how to register,

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Speaker 7: where to show up, but ida bring how to do it, Yes,

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Speaker 7: and when there's no muscle memory, that's a hard task.

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Speaker 7: So they're both an equally difficult task here. I just

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Speaker 7: don't know what is going to say. My gut is

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Speaker 7: she will win because she has invested so much money

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Speaker 7: in gootv so she not only is going to grow

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Speaker 7: her reach into persuadables, she's also going to grow her base,

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Speaker 7: so she can go both directions. He can only grow

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Speaker 7: his base.

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Speaker 2: Okay, so that's your gut here to what extent is

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Speaker 2: early voting factoring in to the way you're looking at this,

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Speaker 2: d's versus ours pulling ballots?

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Speaker 3: Or is that too noisy because there.

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Speaker 2: Are potentially ours pulling ballots voting for Kamala Harr Right.

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Speaker 7: So the assumption is that every r goes votes yes

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Speaker 7: for Donald Trump. We know that's not true the selection,

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Speaker 7: but you gotta understand the fastest growing party in the

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Speaker 7: country is independence or non parties an affiliates depending on

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Speaker 7: your state. You really have no idea how they're going

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Speaker 7: to vote. You assume it's probably based on the polling

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Speaker 7: fifty to fifty, but we don't know. And the other

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Speaker 7: thing is the more important thing about early voting is

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Speaker 7: the micro impact. You Most campaigns have a universe of

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Speaker 7: voters that they need to make sure they go vote

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Speaker 7: because they know that they are going to vote for

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Speaker 7: them one hundred percent. And for instance, like the in

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Speaker 7: the democratic world, like pockets of older black voters, pockets

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Speaker 7: of older women, or or you know, white college educated

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Speaker 7: women are going to vote. So in those pockets, we

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Speaker 7: want to make sure as many people in those areas

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Speaker 7: turn out as possible. So from micro perspective, you're chasing

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Speaker 7: each ballot. You're calling that voter, have you voted yet,

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Speaker 7: every day to get them out to vote. That's really

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Speaker 7: where it's about. That's how you can drive up your

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Speaker 7: you're sent you want to bank as many votes as

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Speaker 7: you can by election day, Yes, because no one knows

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Speaker 7: what happens on election and you never know, maybe there's

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Speaker 7: a hurricane or there's a tornado or bad weather or snow,

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Speaker 7: and that prevents people from voting. But if that happens,

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Speaker 7: you want to make sure your your site has already

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Speaker 7: banked their votes.

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Speaker 3: How likely?

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Speaker 2: How possible is it that, as we hear Trump supporters

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Speaker 2: are undersampled, that there are biases in polling that misrepresent

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Speaker 2: Donald Trump's base. You could also wake up and say, wow,

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Speaker 2: this was five points in the other direction.

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Speaker 7: So I equate this as you know, like a I

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Speaker 7: was a former chief staff to a Florida member. Yes,

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Speaker 7: you know, we got in hurricanes. The models the show

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Speaker 7: I can get from Miami to DC. That's where we

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Speaker 7: are right now. We're weak out. We don't know where

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Speaker 7: the hurricanes hitting. We don't know.

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Speaker 8: Spaghetti chart, Yes, spaghetti charge.

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Speaker 7: I've seen models that can go to an overwhelmingly Kamma

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Speaker 7: of victory because we dramatically undercounted the number of Independents

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Speaker 7: and Republicans are going to vote for her. And then

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Speaker 7: in other areas you could possibly see New York be

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Speaker 7: closer than it has ever had because he's running up

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Speaker 7: the numbers so high in all of America?

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Speaker 8: Is that going to make enough difference?

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Speaker 7: I've seen more models suggest a Comma victory than his,

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Speaker 7: but doesn't matter. You just need the one model to

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Speaker 7: do it. This is great happen.

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Speaker 2: This is exactly the conversation that's taking place in strategy

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Speaker 2: meetings in Washington. This one minute left here, Brad. There's

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Speaker 2: a thought that this will also based on the last election.

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Speaker 2: Maybe take till the following Saturday. Where are you on

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Speaker 2: votes being counted, in races being called?

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Speaker 8: You know, I suspect that. I suspect that we will

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Speaker 8: know sooner.

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Speaker 7: I think more Americans are getting more comfortable and confident

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Speaker 7: in early in person voting and voting by mail. You've

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Speaker 7: even seen Republicans come around to it, and that's where

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Speaker 7: you're really were. A lot of people are trying to

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Speaker 7: see the Republican surgeon mail voting as some kind of

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Speaker 7: sign of Republican strength. I'm like, no, your candidate four

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Speaker 7: years ago was calling it illegal. So they've come around,

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Speaker 7: dropped that rhetoric, and they're turning out. And so what

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Speaker 7: we're looking at is how is that going to play out?

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Speaker 7: I think what's going to likely to happen. We'll know

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Speaker 7: the presidency soon. Yeah, maybe the West Coast House races

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Speaker 7: where we come down to control of the House. We

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Speaker 7: may not control the House residency like by Thursday. I

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Speaker 7: predict we may know by Wednesday.

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Speaker 3: Wow, Brad Howard, this is great.

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Speaker 2: You know what that would have cost you to go

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Speaker 2: to Corcoran Street Group to get that seminar. Thank you

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Speaker 2: for being with us. As always, I'm Joe Matthew. This

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Speaker 2: is Bloomberg.

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Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Can

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Speaker 1: just live weekdays at noon Eastern on Apple CarPlay and

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Speaker 1: then Rodoo with the Bloomberg Business app. You can also

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Speaker 1: listen live on Amazon Alexa from our flagship New York station,

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Speaker 1: Just say Alexa play Bloomberg eleven thirty.

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Speaker 9: Here in Washington, where we have an eye on the

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Speaker 9: campaign trail and some news we've gotten from the highest

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Speaker 9: court in the country that is shaping the way this

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Speaker 9: is going to go down. Within the last twenty four hours,

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Speaker 9: they've ruled that Virginia can remove voters from voter rolls

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Speaker 9: who are found to be non citizens based on DMV data.

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Speaker 9: Also ruling that RFK Junior, who is no longer in

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Speaker 9: the presidential race, he is back Donald Trump, will stay

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Speaker 9: on the ballot in two crucial swing states, Michigan, and Wisconsin.

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Speaker 9: And I was fascinated Joe by new data we got

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Speaker 9: from CNN, the poll conducted by SSSRs that finds Michigan

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Speaker 9: is a lead for Harris forty eight to forty three

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Speaker 9: compared to Donald Trump and Wisconsin. She's leading fifty one

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Speaker 9: to forty five. And RFK Junior in those states has

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Speaker 9: three percent support in Michigan magic one percent support in Wisconsin.

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Speaker 6: So he could be a factor here.

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Speaker 3: To think, it's these two states.

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Speaker 2: Somehow we've left out Pennsylvania here, but these two incredibly

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Speaker 2: important blue wall states RFK Junior on the ballot, even

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Speaker 2: a half percentage point could tip the scale here, remembering

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Speaker 2: it was a three tenths of one percent gap in

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Speaker 2: our Bloomberg News swing state poll. Fewer as close as Wisconsin.

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Speaker 2: And the fact of the matter is the same can

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Speaker 2: be said for the Senate race there too close to

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Speaker 2: call within the margin in the most recent data that

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Speaker 2: I could find. Suffolk University with USA today at two

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Speaker 2: point race between Senator Tammy Baldwin and her Republican challenger

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Speaker 2: Eric Hovety, who joined us on the program here two

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Speaker 2: weeks ago. It's Senator Baldwin's turn. Now the Democrat from Wisconsin,

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Speaker 2: sat down on her campaign bus earlier today with Bloomberg's

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Speaker 2: David Goura, who was criss crossing the country forest landing

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Speaker 2: today in the swing state of Wisconsin, and he joins

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Speaker 2: us right now from Green Bay.

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Speaker 3: David, what'd you learn?

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Speaker 10: We talked a lot about the economists you might expect,

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Speaker 10: and I think there is a really clear distinction to

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Speaker 10: be drawn between these two candidates on that issue. You

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Speaker 10: mentioned the interview that you did a couple of weeks

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Speaker 10: ago with Eric Hovedy, and he's a fascinating character in

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Speaker 10: many ways. He is somebody who is a banker with

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Speaker 10: a lot of money and spends a lot of time

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Speaker 10: in California, as Tammy Baldwin is very fond of pointing out.

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Speaker 10: But he asked kind of a nuanced plan for what

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Speaker 10: he might do with healthcare, and nuance plan for what

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Speaker 10: he might do with taxes, and so we kind of

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Speaker 10: grounded some of our conversation this morning with Senator Baldwin

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Speaker 10: on the issue of taxation. She noted that he is

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Speaker 10: in favor largely of extending those Trump era tax cuts.

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Speaker 10: She said that she's in favor of kind of a

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Speaker 10: more tailored approach, trying to help those working class and

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Speaker 10: middle class voters who've been her bulwark of support for

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Speaker 10: many years, both in the House and the Senate. You know,

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Speaker 10: I've been traveling with her over the course of these

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Speaker 10: last couple of days. She's taking a bus around this state.

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Speaker 10: We started out in the southern part of Wisconsin, made

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Speaker 10: our way to Sheboygan yesterday than Green Bay today. When

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Speaker 10: we were in Sheboyg and I talked to somebody about

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Speaker 10: what that city is like historically, what it's like today.

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Speaker 10: And we've talked an awful lot about manufacturing, and he said,

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Speaker 10: look around here. There used to be all of these

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Speaker 10: great companies. Kohler of course, which makes faucets and sinks

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Speaker 10: and any number of things you might find in your

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Speaker 10: kitchen or your bathroom, used to have a huge footprint

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Speaker 10: in that city. It's been greatly reduced. I asked her

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Speaker 10: what she would say to him about the state of

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Speaker 10: manufacturing in this state. Take a listen to what she

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Speaker 10: had to say.

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Speaker 11: Consider myself one of the buy America champion of the

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Speaker 11: United States Senate. So when we're passing big pieces of legislation,

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Speaker 11: we got to make sure there's buy American rules attached

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Speaker 11: to this, and I was successful in getting permanent by

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Speaker 11: America rules attached to the Infrastructure Bill, to the Chips

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Speaker 11: and Science Act, to the Inflation Reduction Act. That is

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Speaker 11: bringing jobs back to Wisconsin right now and keeping some

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Speaker 11: jobs here that might otherwise have left.

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Speaker 10: So she has a fixed those to a lot of

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Speaker 10: these spending bills and it has made a difference, she

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Speaker 10: told me during that interview today. But she has an

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Speaker 10: opponent who is largely lock and step with former President

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Speaker 10: Trump on the issue of tariffs and making promises that

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Speaker 10: we could see a renaissance of manufacturing in the state,

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Speaker 10: in this country where a lot of these companies would

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Speaker 10: come back. That's what she's up against. The former president

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Speaker 10: is going to be here tonight in Green Bay for

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Speaker 10: a big rally. As you mentioned, Kamala Harris, the Vice

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Speaker 10: President is going to be in this state as well,

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Speaker 10: so as you might expect, the economy front and center

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Speaker 10: for Senator Baldwin for a lot of the folks that

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Speaker 10: she was talking to as I was on the campaign

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Speaker 10: trail with her yesterday, guys, well, yeah.

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Speaker 9: And we know former President Trump when he is in

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Speaker 9: Wisconsin this evening will be alongside Brett Farv the former

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Speaker 9: Packers quarterback. So once again we're seeing these campaigns leaning

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Speaker 9: on the power of celebrity in these final days. David,

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Speaker 9: give us a sense of also what Wisconsin is like

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Speaker 9: right now in terms of early voting, how many ballots

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Speaker 9: have already been cast and therefore how many minds could

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Speaker 9: be influenced to vote for Baldwin or Huddy or Trump

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Speaker 9: or Harris for that matter.

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Speaker 10: Well, Senator Baldin's campaign is really pushing her supporters to

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Speaker 10: vote early, saying it will lessen the load on poll workers,

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Speaker 10: you know, find the time to do it, it'll make

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Speaker 10: things go more smoothly on election day itself. But you

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Speaker 10: bring up these kind of celebrity studied events that both

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Speaker 10: of these National Party candidates are holding here, I think

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Speaker 10: it's a really interesting contrast between that and yes, Senator

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Speaker 10: Balden will be at the event with Kamala, Harris and

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Speaker 10: Madison later today with the kind of events that she

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Speaker 10: was holding yesterday. These were pretty small event with a

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Speaker 10: few dozen people volunteers who are knocking on doors doing

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Speaker 10: the hard work of trying to convince largely fellow Democrats

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Speaker 10: to make sure that they get off the couch leave

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Speaker 10: their homes, go and vote early or on election day,

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Speaker 10: and she was really giving them kind of her advice

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Speaker 10: on how to do that. Come to those doors with

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Speaker 10: the reason why they're doing it, enumerate what the issues

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Speaker 10: are that are important to them, and then seal the deal,

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Speaker 10: as she put it, get them to commit to voting

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Speaker 10: in this election. You know, you talked at the top

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Speaker 10: just about how close these polls are, how thin these

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Speaker 10: margins are. She is very aware of that, talked about

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Speaker 10: that a lot during the course of the speeches that

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Speaker 10: I heard yesterday, and really was making the case to

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Speaker 10: those volunteers that if they can secure really just a

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Speaker 10: handful of people to go to the polls more, that

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Speaker 10: could have a fundamental difference at the precinct level across

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Speaker 10: the state.

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Speaker 9: Turn Out is everything in Wisconsin and elsewhere. David gera

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Speaker 9: Bloomberg correspondent live in Wisconsin, Thank you so much. Great

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Speaker 9: interview with Senator Baldwin. As we consider here what it

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Speaker 9: is going to take to turn people out who may

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Speaker 9: still be undecided as to whether.

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Speaker 6: They want to vote all in this cycle.

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Speaker 9: Interesting as we away here the closing messages of the

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Speaker 9: campaigns to try to drive that for Kamala Harris, as

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Speaker 9: we saw evidence yesterday at the Ellipse here in Washington,

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Speaker 9: and part this argument is about protecting democracy in a world.

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Speaker 2: Where turnout matters. I guess you could say crowd size

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Speaker 2: as an indication. Seventy five thousand people on the Ellipse.

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Speaker 2: They had to get an additional permit, I guess, to

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Speaker 2: allow these people, and we saw images of people in

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Speaker 2: line for half a mile.

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Speaker 3: To get into this.

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Speaker 2: The question is who outside of Washington was watching and

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Speaker 2: listening as Kamala Harris did address the nation from the Ellipse.

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Speaker 2: And what will be very familiar if you're with us

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Speaker 2: on Bloomberg TV or on YouTube. Very familiar optics, same staging,

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Speaker 2: same podium, flags, same location where Donald Trump spoke in

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Speaker 2: front of the White House on January sixth. Here's Kamala

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Speaker 2: Harris from last night on.

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Speaker 12: Day one, If elected, Donald Trump would walk into that

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Speaker 12: office with an enemy's list. When elected, I will walk

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Speaker 12: in with a to do list full of priorities of

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Speaker 12: what I will get done for the American people. And

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Speaker 12: I will work with everyone, Democrats, Republicans and independents.

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Speaker 9: For more on this, We're joined now here in our

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Speaker 9: Washington d C Studio by former Congresswoman Stephanie Murphy of Florida,

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Speaker 9: who was a member of the select committee that investigated

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Speaker 9: the January sixth attack on the Capitol. Congresswoman, welcome back

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Speaker 9: to Bloomberg TV and Radio. Thank you for being with us.

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Speaker 9: You obviously have spent countless time pouring through Trump's speech

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Speaker 9: at the Ellipse that he gave on that day, everything

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Speaker 9: that happened in the aftermath. To see Kamala Harris yesterday

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Speaker 9: standing in that same spot with this kind of messaging,

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Speaker 9: what did it make you think?

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Speaker 13: It made me think that she's continuing to run a

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Speaker 13: very disciplined campaign, and that speech was meant to be

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Speaker 13: both a visual and a verbal contrast to Donald Trump,

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Speaker 13: you know, and it actually, just as an American, gave

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Speaker 13: me hope to see a normal, more normal politician using

438
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Speaker 13: the backdrop of the White House to deliver messages that

439
00:20:09,960 --> 00:20:13,399
Speaker 13: were about unity and also about the substance of what

440
00:20:13,480 --> 00:20:16,520
Speaker 13: it is that she's going to do. She did remind

441
00:20:16,600 --> 00:20:19,520
Speaker 13: people of what he called for. You know, he asked

442
00:20:19,560 --> 00:20:22,159
Speaker 13: people to fight like hell when he last stood on

443
00:20:22,200 --> 00:20:24,639
Speaker 13: that stage in front of that White House and to

444
00:20:25,640 --> 00:20:27,880
Speaker 13: attack the capital. He was going to go with them,

445
00:20:27,920 --> 00:20:31,440
Speaker 13: but then he decided not to, And so I think

446
00:20:32,200 --> 00:20:34,560
Speaker 13: in part she was doing a little bit of a

447
00:20:34,600 --> 00:20:37,800
Speaker 13: persuadable with a contrast message, But she was also giving

448
00:20:37,840 --> 00:20:41,560
Speaker 13: those people who are a little Trump shy because of

449
00:20:41,600 --> 00:20:45,440
Speaker 13: how they feel he behaved on January sixth a reminder

450
00:20:45,480 --> 00:20:48,240
Speaker 13: of why they shouldn't vote for him and continue to

451
00:20:48,280 --> 00:20:50,240
Speaker 13: be a part of this broader coalition that she's trying

452
00:20:50,240 --> 00:20:50,520
Speaker 13: to build.

453
00:20:50,520 --> 00:20:53,840
Speaker 2: It's getting high remarks on a well written speech, if

454
00:20:53,840 --> 00:20:56,639
Speaker 2: not also a well delivered one, But there were questions

455
00:20:56,680 --> 00:21:00,960
Speaker 2: about the very venue that we're describing here. Powerful optics

456
00:21:01,040 --> 00:21:03,920
Speaker 2: last night, but in a tied presidential campaign in seven

457
00:21:03,960 --> 00:21:08,360
Speaker 2: swing states, a lot of politicos said, why Washington, That's

458
00:21:08,359 --> 00:21:10,359
Speaker 2: the last place you'd want to be seen, how about you.

459
00:21:10,480 --> 00:21:12,199
Speaker 13: I think one of the things that she has been

460
00:21:12,240 --> 00:21:15,639
Speaker 13: criticized for people when you talk to focus groups, they

461
00:21:15,680 --> 00:21:18,440
Speaker 13: wonder whether or not she can be presidential. The way

462
00:21:18,480 --> 00:21:20,520
Speaker 13: that stage was set up with the flags in the

463
00:21:20,560 --> 00:21:23,440
Speaker 13: White House, that was to provide the image of what

464
00:21:23,480 --> 00:21:26,040
Speaker 13: it would look like for her to be presidential. And

465
00:21:26,760 --> 00:21:29,280
Speaker 13: as you said, people have given really high marks to

466
00:21:29,600 --> 00:21:31,600
Speaker 13: the way she delivered that speech and what it was

467
00:21:31,640 --> 00:21:34,359
Speaker 13: She said it was her showing the American people that

468
00:21:34,440 --> 00:21:37,080
Speaker 13: she is able to be presidential well.

469
00:21:36,920 --> 00:21:39,040
Speaker 9: As she was trying to show what she would be

470
00:21:39,200 --> 00:21:43,639
Speaker 9: like as president. The person who is currently president, almost simultaneously,

471
00:21:44,000 --> 00:21:46,440
Speaker 9: perhaps caused a bit of an issue for her campaign.

472
00:21:46,600 --> 00:21:49,520
Speaker 9: Joe Biden, ad virtual call with Oto Latino, whether he

473
00:21:49,600 --> 00:21:53,160
Speaker 9: intended to or not, referred to Trump supporters as garbage.

474
00:21:53,400 --> 00:21:55,840
Speaker 9: How much of the progress Harris made on that stage

475
00:21:55,880 --> 00:21:58,720
Speaker 9: last night, if any, was undone by that gaff.

476
00:21:59,240 --> 00:22:01,240
Speaker 13: I think that gap is the reason why so many

477
00:22:01,320 --> 00:22:05,119
Speaker 13: Democrats were relieved when he chose to step aside, because

478
00:22:05,200 --> 00:22:09,639
Speaker 13: it's gaffs like that that really create headlines and draw

479
00:22:10,040 --> 00:22:12,800
Speaker 13: the attention away from some of the things that the

480
00:22:12,800 --> 00:22:17,280
Speaker 13: Trump campaign is doing. I mean, they had a very

481
00:22:17,440 --> 00:22:22,679
Speaker 13: insulting comedian come up, and they, unlike Harris, have not

482
00:22:22,760 --> 00:22:25,639
Speaker 13: stepped away from their comments. She has said very clearly

483
00:22:25,720 --> 00:22:28,440
Speaker 13: that she does not disparage anybody who has different political

484
00:22:29,119 --> 00:22:31,639
Speaker 13: opinions than hers, and that she plans to represent everybody,

485
00:22:31,720 --> 00:22:34,919
Speaker 13: whether they worked with her or elected her or not.

486
00:22:35,359 --> 00:22:38,560
Speaker 13: And you haven't seen that kind of distance created between

487
00:22:38,600 --> 00:22:41,240
Speaker 13: Trump and what the comedian said about Puerto Ricans and

488
00:22:41,280 --> 00:22:42,600
Speaker 13: about other minority groups.

489
00:22:42,720 --> 00:22:45,040
Speaker 2: Did you like the way Kamala Harris handled that this morning?

490
00:22:45,080 --> 00:22:47,840
Speaker 2: Should she have been more forceful and distancing herself from

491
00:22:47,920 --> 00:22:49,399
Speaker 2: Joe Bidener condemning the remark?

492
00:22:49,920 --> 00:22:52,040
Speaker 13: I think she was very clear where she was condemning

493
00:22:52,040 --> 00:22:55,080
Speaker 13: the remark. I think on a number of issues where

494
00:22:55,119 --> 00:22:57,560
Speaker 13: she has been attacked, she has been very clear in

495
00:22:57,680 --> 00:23:01,600
Speaker 13: using language that shuts out any doubt of where she stands.

496
00:23:01,680 --> 00:23:03,960
Speaker 13: I'll give a good example when she was speaking to

497
00:23:04,000 --> 00:23:08,240
Speaker 13: Telemundo in the Latino community, she called herself a pragmatic capitalist,

498
00:23:08,520 --> 00:23:10,960
Speaker 13: and the only way to blunt the socialist attacks against

499
00:23:11,040 --> 00:23:13,359
Speaker 13: her is that resonate with that community is to call

500
00:23:13,640 --> 00:23:17,119
Speaker 13: to identify herself as a pragmatic capitalism. And so I

501
00:23:17,119 --> 00:23:19,440
Speaker 13: think taking those messages head on as she has is

502
00:23:19,480 --> 00:23:20,520
Speaker 13: the right thing to do well.

503
00:23:20,520 --> 00:23:23,880
Speaker 9: And she is six days still to make those messages resonate.

504
00:23:23,920 --> 00:23:27,240
Speaker 9: But then election day will be upon us. Obviously, voting

505
00:23:27,320 --> 00:23:30,840
Speaker 9: is well underway in a lot of places across the country.

506
00:23:30,880 --> 00:23:33,360
Speaker 9: But what are you hearing, especially with those you worked with,

507
00:23:33,440 --> 00:23:36,320
Speaker 9: looking into the events of January sixth and the efforts

508
00:23:36,359 --> 00:23:39,439
Speaker 9: to overturn the results of the last election, about what

509
00:23:39,600 --> 00:23:42,520
Speaker 9: is taking place even down to the local level, at

510
00:23:42,560 --> 00:23:44,960
Speaker 9: polling places, what are you bracing for on election.

511
00:23:44,760 --> 00:23:45,720
Speaker 6: Day and in the aftermath.

512
00:23:45,800 --> 00:23:48,359
Speaker 13: You know, I think there's a lot of concern, obviously,

513
00:23:48,520 --> 00:23:51,119
Speaker 13: because a third of the country still doesn't believe that

514
00:23:51,160 --> 00:23:55,200
Speaker 13: the twenty twenty election was a free and fair outcome,

515
00:23:55,400 --> 00:23:57,879
Speaker 13: and so we're up against a lot of headwinds. But

516
00:23:57,880 --> 00:23:59,600
Speaker 13: I think there's been a lot of progress that has

517
00:23:59,640 --> 00:24:04,040
Speaker 13: been made. The Congress passed election reform laws that would

518
00:24:04,160 --> 00:24:08,199
Speaker 13: raise the threshold or did raise the threshold on the

519
00:24:08,320 --> 00:24:13,359
Speaker 13: number of members that would need to contest and vote

520
00:24:13,359 --> 00:24:16,320
Speaker 13: not to certify to twenty percent. So that's a little

521
00:24:16,320 --> 00:24:18,240
Speaker 13: bit better than where we were standing in twenty twenty.

522
00:24:18,880 --> 00:24:20,600
Speaker 13: And then I think at the local level, people have

523
00:24:20,680 --> 00:24:23,959
Speaker 13: been making efforts to ensure that the process is transparent

524
00:24:24,280 --> 00:24:27,159
Speaker 13: and that they can deliver a free and fair election,

525
00:24:27,359 --> 00:24:28,960
Speaker 13: as our democracy deserves.

526
00:24:29,200 --> 00:24:32,240
Speaker 2: You made reference, congresswomen to the remarks that we heard

527
00:24:32,240 --> 00:24:34,680
Speaker 2: at Madison Square Garden on Sunday night, the lack of

528
00:24:34,720 --> 00:24:39,320
Speaker 2: an apology that we've I guess not heard from the

529
00:24:39,400 --> 00:24:42,280
Speaker 2: Trump campaign in this case. What does this mean in

530
00:24:42,359 --> 00:24:46,000
Speaker 2: terms of an impact on Latino voters who were offended

531
00:24:46,040 --> 00:24:49,280
Speaker 2: by this Puerto Rico garbage island line in a state

532
00:24:49,840 --> 00:24:50,920
Speaker 2: like yours in Florida.

533
00:24:52,080 --> 00:24:55,280
Speaker 13: So in Florida, I'm a little concerned that the margins

534
00:24:55,359 --> 00:24:59,480
Speaker 13: might be so significant. From a lot of the other

535
00:25:00,119 --> 00:25:02,720
Speaker 13: groups that may not you may not see a difference,

536
00:25:02,720 --> 00:25:05,639
Speaker 13: But in Pennsylvania, certainly, with four hundred thousand Puerto Ricans,

537
00:25:05,840 --> 00:25:09,880
Speaker 13: you're going to see some difference. I represent in one

538
00:25:09,920 --> 00:25:12,400
Speaker 13: of the communities that had the highest number of Puerto

539
00:25:12,480 --> 00:25:17,240
Speaker 13: Rican in my district when I was in Congress, and

540
00:25:17,320 --> 00:25:21,520
Speaker 13: they're deeply proud, people deeply offended by what was said,

541
00:25:21,720 --> 00:25:23,920
Speaker 13: and it reinforces.

542
00:25:23,160 --> 00:25:24,720
Speaker 14: The sense that.

543
00:25:26,240 --> 00:25:31,960
Speaker 13: The island is an afterthought for the Trump administration, especially

544
00:25:32,359 --> 00:25:33,760
Speaker 13: in the way that they handled Maria.

545
00:25:34,040 --> 00:25:36,760
Speaker 2: Well, we saw Rick Scott didn't waste any time responding.

546
00:25:36,840 --> 00:25:40,760
Speaker 13: So yeah, that's the politician in him, understanding that he

547
00:25:40,880 --> 00:25:45,960
Speaker 13: has a statewide reelect and he can't afford to let

548
00:25:45,960 --> 00:25:46,680
Speaker 13: any group go.

549
00:25:47,200 --> 00:25:49,600
Speaker 9: Some Democrats we've spoken with have suggested that that re

550
00:25:49,720 --> 00:25:53,000
Speaker 9: elect he could actually lose. Do you believe that when

551
00:25:53,000 --> 00:25:54,840
Speaker 9: you look at some of those same demographics you were

552
00:25:54,840 --> 00:25:55,879
Speaker 9: just alluding to in Florida.

553
00:25:56,600 --> 00:25:59,200
Speaker 13: Well, I certainly hope that that's the case, But I

554
00:25:59,280 --> 00:26:02,840
Speaker 13: also understand and that elections are more than just about

555
00:26:02,880 --> 00:26:06,359
Speaker 13: selling hope. They're about having field operations and a strong

556
00:26:06,720 --> 00:26:10,959
Speaker 13: ground game and infrastructure within the state. And I just

557
00:26:11,480 --> 00:26:15,119
Speaker 13: while I hope that happens, I'm concerned a little bit

558
00:26:15,119 --> 00:26:16,320
Speaker 13: about the state broadly.

559
00:26:16,680 --> 00:26:18,680
Speaker 2: Did you have a word for the Vice President after

560
00:26:18,680 --> 00:26:19,560
Speaker 2: that speech last night?

561
00:26:19,600 --> 00:26:20,920
Speaker 7: I know she invited you to be there.

562
00:26:21,359 --> 00:26:22,960
Speaker 13: No, I didn't speak with her.

563
00:26:23,040 --> 00:26:24,680
Speaker 7: What would you have told her when she was done?

564
00:26:25,200 --> 00:26:29,520
Speaker 13: Well, that I am looking forward to a new generation

565
00:26:29,640 --> 00:26:33,359
Speaker 13: of leadership in this country and that it's time that

566
00:26:33,400 --> 00:26:35,400
Speaker 13: we do move past all of this, and that I

567
00:26:35,480 --> 00:26:40,719
Speaker 13: certainly appreciate her drawing contrast between someone who has an

568
00:26:40,840 --> 00:26:43,399
Speaker 13: enemy's list, since I think I might be on that one,

569
00:26:43,760 --> 00:26:46,520
Speaker 13: and somebody who has a to do list focused on

570
00:26:46,840 --> 00:26:48,000
Speaker 13: serving the American people.

571
00:26:48,280 --> 00:26:50,119
Speaker 2: It's good to see you back in Washington. Thanks us

572
00:26:50,119 --> 00:26:54,040
Speaker 2: always for joining us. Former Democratic Congresswoman Stephanie Murphy from

573
00:26:54,119 --> 00:26:56,240
Speaker 2: Florida with us at the table here in Washington. I'm

574
00:26:56,280 --> 00:26:59,200
Speaker 2: Joe Matthew alongside Kaylee Lines here on the fastest show

575
00:26:59,240 --> 00:27:01,359
Speaker 2: in Politics. You're with us here, Kaylie, we'll have to

576
00:27:01,359 --> 00:27:02,400
Speaker 2: assemble the panel next.

577
00:27:02,840 --> 00:27:04,560
Speaker 9: Yep, Brick and Laura are going to be with us

578
00:27:04,600 --> 00:27:07,879
Speaker 9: today as we continue to assess these final six days

579
00:27:08,000 --> 00:27:10,359
Speaker 9: of the campaign, as the candidates are criss crossing the

580
00:27:10,359 --> 00:27:12,720
Speaker 9: swing states as we speak. We'll have more ahead on

581
00:27:12,760 --> 00:27:17,000
Speaker 9: Bloomberg TV and radio.

582
00:27:18,160 --> 00:27:21,680
Speaker 1: You're listening to the Bloomberg Balance of Power podcast. Catch

583
00:27:21,760 --> 00:27:24,679
Speaker 1: us live weekdays at noon Eastern on Eppo CarPlay and

584
00:27:24,680 --> 00:27:27,880
Speaker 1: then Proudoro with the Bloomberg Business App. Listen on demand

585
00:27:27,880 --> 00:27:34,119
Speaker 1: wherever you get your podcasts, or watch us live on YouTube.

586
00:27:34,080 --> 00:27:36,840
Speaker 9: Missy's Balance of Power Show, in which we've spent the

587
00:27:36,920 --> 00:27:40,240
Speaker 9: last several days talking about the aftermath of the Sunday

588
00:27:40,320 --> 00:27:43,359
Speaker 9: rally at Madison Square Garden, where Donald Trump and a

589
00:27:43,400 --> 00:27:47,160
Speaker 9: number of other speakers were there, and of course many

590
00:27:47,160 --> 00:27:51,200
Speaker 9: of their remarks made some noise in political circles and elsewhere,

591
00:27:51,240 --> 00:27:54,920
Speaker 9: reverberating well through swing states like Pennsylvania that have high

592
00:27:54,920 --> 00:27:58,959
Speaker 9: Puerto Rican populations, specific to, of course, the joke made

593
00:27:59,280 --> 00:28:03,120
Speaker 9: by comedian Tony Hinchcliff about Puerto Rico being an island

594
00:28:03,440 --> 00:28:06,679
Speaker 9: of garbage. But if you thought the garbage references were

595
00:28:06,720 --> 00:28:09,760
Speaker 9: going to end there, they did not, because then President

596
00:28:09,880 --> 00:28:13,160
Speaker 9: Joe Biden, in a virtual call with Voda Latino last night,

597
00:28:13,240 --> 00:28:15,720
Speaker 9: had this to say about his garbage.

598
00:28:15,640 --> 00:28:17,800
Speaker 4: And just the other day, I speaker at his rally

599
00:28:17,880 --> 00:28:21,200
Speaker 4: called Puerto Rico a floating island of garbage, the only

600
00:28:21,280 --> 00:28:24,320
Speaker 4: garbage I see floating down there, as his supporters.

601
00:28:26,480 --> 00:28:28,960
Speaker 2: Now, the White House has gone out of its way

602
00:28:29,760 --> 00:28:33,439
Speaker 2: to try to clarify Joe Biden's remarks, suggesting that this

603
00:28:33,480 --> 00:28:36,480
Speaker 2: is a matter of punctuation, that that was a possessive

604
00:28:36,680 --> 00:28:41,360
Speaker 2: it's the powerful apostrophe that we were missing there. Didn't

605
00:28:41,400 --> 00:28:44,440
Speaker 2: stop the Trump campaign from raising money on it. An

606
00:28:44,480 --> 00:28:48,360
Speaker 2: email blast went out immediately after, saying you are not garbage.

607
00:28:48,440 --> 00:28:49,000
Speaker 3: I love you.

608
00:28:49,000 --> 00:28:51,400
Speaker 2: You are the best our nation has to offer. Kamala

609
00:28:51,440 --> 00:28:54,120
Speaker 2: Harris was called to respond on her way out of

610
00:28:54,160 --> 00:28:56,760
Speaker 2: town this morning, on her way to the Swing States.

611
00:28:56,800 --> 00:28:59,520
Speaker 2: Once again, reporters caught up with her on the tarmac.

612
00:28:59,520 --> 00:29:00,560
Speaker 3: Here's how she framed it.

613
00:29:01,400 --> 00:29:05,160
Speaker 5: First of all, he clarified his comments, but let me

614
00:29:05,240 --> 00:29:10,960
Speaker 5: be claire, I soldly disagree with any criticism of people

615
00:29:11,040 --> 00:29:14,160
Speaker 5: based on who they vote for. As you've heard in

616
00:29:14,200 --> 00:29:17,959
Speaker 5: my speech last night and continuously throughout my career.

617
00:29:18,920 --> 00:29:21,920
Speaker 14: I believe that the work.

618
00:29:21,520 --> 00:29:25,320
Speaker 5: That I do is about representing all the people, whether

619
00:29:25,320 --> 00:29:28,040
Speaker 5: they support me or not. And as President of the

620
00:29:28,120 --> 00:29:30,600
Speaker 5: niaia says I will be a president for all Americans,

621
00:29:31,120 --> 00:29:32,000
Speaker 5: whether you vote from.

622
00:29:31,880 --> 00:29:32,200
Speaker 3: Me or not.

623
00:29:33,720 --> 00:29:35,960
Speaker 2: Does it move the needle in this campaign? We assemble

624
00:29:36,000 --> 00:29:39,520
Speaker 2: our political panel to explore that question. Rick Davis is

625
00:29:39,560 --> 00:29:43,520
Speaker 2: with US Republican strategist, Bloomberg Politics contributor and partner at

626
00:29:43,560 --> 00:29:48,120
Speaker 2: Stone Court Capital, joined today by Laura Fink, Rebel Communications

627
00:29:48,120 --> 00:29:51,680
Speaker 2: founder and CEO, Democratic strategist. Great to have you both

628
00:29:51,720 --> 00:29:54,480
Speaker 2: with us here, Rick, what's your thought on the noise

629
00:29:54,640 --> 00:29:58,040
Speaker 2: around this whole controversy to clean up the response? Does

630
00:29:58,080 --> 00:30:01,400
Speaker 2: this actually impact a voter who hasn't already made up

631
00:30:01,440 --> 00:30:03,040
Speaker 2: their mind?

632
00:30:03,280 --> 00:30:05,520
Speaker 15: You know, almost by abstentia, I mean, in other words,

633
00:30:05,520 --> 00:30:08,880
Speaker 15: if you're talking about cleaning up you know, your comments,

634
00:30:09,000 --> 00:30:12,520
Speaker 15: or trying to do damage control around somebody else's at

635
00:30:12,520 --> 00:30:15,880
Speaker 15: your event, you're not actually making the pitch to voters.

636
00:30:15,920 --> 00:30:18,320
Speaker 15: This is your last chance to pitch directly to voters.

637
00:30:18,320 --> 00:30:20,600
Speaker 15: You want to be talking about things they care about,

638
00:30:21,360 --> 00:30:25,240
Speaker 15: not trying to play, you know, clean up with the

639
00:30:25,320 --> 00:30:28,960
Speaker 15: media over some controversy that's self inflicted. And in both

640
00:30:29,000 --> 00:30:31,960
Speaker 15: these cases you know they were self inflicted. I would

641
00:30:32,000 --> 00:30:37,239
Speaker 15: say advantage Harris only because you know the comments by

642
00:30:37,280 --> 00:30:40,880
Speaker 15: the President aren't going to disrupt anybody voting for Harris

643
00:30:40,920 --> 00:30:43,240
Speaker 15: because they were about people who've already made a decision

644
00:30:43,280 --> 00:30:45,680
Speaker 15: to vote for Trump. Right, it's kind of self identified.

645
00:30:46,440 --> 00:30:49,480
Speaker 15: But the tax on Puerto Ricans at his event in

646
00:30:49,520 --> 00:30:53,240
Speaker 15: Madison Square Garden will directly affect how Puerto Rican voters

647
00:30:53,240 --> 00:30:57,000
Speaker 15: in places like Pennsylvania, where it just was yesterday, you know,

648
00:30:57,240 --> 00:31:00,400
Speaker 15: look at his candidacy and who they're going to vote for.

649
00:31:00,600 --> 00:31:04,760
Speaker 15: So it's not a moral equivalent. One has a potential

650
00:31:05,600 --> 00:31:07,640
Speaker 15: voter impact and the other probably doesn't.

651
00:31:09,720 --> 00:31:13,960
Speaker 9: Well, so when we consider the actual voter the campaign impact, Laura,

652
00:31:14,000 --> 00:31:16,920
Speaker 9: we were just speaking with former Congresswoman Stephanie Murphy who

653
00:31:16,920 --> 00:31:19,920
Speaker 9: said this from Biden last night, Whether intended or not,

654
00:31:20,040 --> 00:31:22,800
Speaker 9: this kind of gaff is why Democrats are glad he

655
00:31:22,920 --> 00:31:26,640
Speaker 9: is no longer the candidate. So if that is the

656
00:31:27,120 --> 00:31:29,800
Speaker 9: thought here, what role should he be playing on the

657
00:31:29,840 --> 00:31:33,360
Speaker 9: next six days of this campaign, the last six days

658
00:31:33,880 --> 00:31:34,960
Speaker 9: of this campaign?

659
00:31:34,960 --> 00:31:43,760
Speaker 6: If any I think we maybe muted, Laura, there we go.

660
00:31:43,720 --> 00:31:49,600
Speaker 16: Oh, I can hear we can hear you now, Okay,

661
00:31:50,000 --> 00:31:52,000
Speaker 16: I was just saying that that he can stand down.

662
00:31:52,080 --> 00:31:54,560
Speaker 14: That's the role that an incumbent president should play.

663
00:31:54,800 --> 00:31:57,120
Speaker 16: And I think in particular because of the gender dynamics,

664
00:31:57,160 --> 00:31:59,880
Speaker 16: because she's running to be the first woman president of

665
00:31:59,920 --> 00:32:03,040
Speaker 16: the United States. She doesn't need the shadow of Joe Biden.

666
00:32:03,120 --> 00:32:06,080
Speaker 16: And also he's unpopular, so he knows to stand down.

667
00:32:06,080 --> 00:32:08,640
Speaker 16: He has stood down for the last several months, and

668
00:32:08,840 --> 00:32:11,440
Speaker 16: he should do the same this kind of gaff I

669
00:32:11,480 --> 00:32:14,600
Speaker 16: agree with the congresswoman. This is why the change needed

670
00:32:14,600 --> 00:32:17,600
Speaker 16: to happen. This is why you see Kamala Harris with

671
00:32:17,880 --> 00:32:22,040
Speaker 16: precision and message discipline as she turned his gaff back

672
00:32:22,080 --> 00:32:27,080
Speaker 16: to her consistent themes of unity and a lack of

673
00:32:27,120 --> 00:32:29,080
Speaker 16: division and a lack of the ugliness.

674
00:32:29,200 --> 00:32:31,240
Speaker 14: So she was able to pivot. But he did. I

675
00:32:31,240 --> 00:32:32,840
Speaker 14: agree with Rick. He stole a day.

676
00:32:32,920 --> 00:32:36,240
Speaker 16: There's an opportunity cost here for the Harris campaign where

677
00:32:36,280 --> 00:32:40,240
Speaker 16: she gave an incredible speech last night to unify the country,

678
00:32:40,320 --> 00:32:42,080
Speaker 16: and he's immediately distracting from that.

679
00:32:42,200 --> 00:32:43,160
Speaker 14: So it's a bummer.

680
00:32:43,160 --> 00:32:44,920
Speaker 16: But these are the things that happened in campaigns, and

681
00:32:44,960 --> 00:32:45,720
Speaker 16: you got to keep going.

682
00:32:46,960 --> 00:32:49,400
Speaker 2: It's not like Joe Biden was a major feature on

683
00:32:49,440 --> 00:32:52,000
Speaker 2: the campaign trail for Kamala Harris.

684
00:32:52,080 --> 00:32:53,640
Speaker 3: At this point, Laura, will.

685
00:32:53,440 --> 00:32:55,360
Speaker 2: We not see him again on a stage with her

686
00:32:55,680 --> 00:32:56,960
Speaker 2: between now and next Tuesday.

687
00:32:57,560 --> 00:33:01,440
Speaker 14: I don't think you. I don't think you're going to

688
00:33:01,440 --> 00:33:02,800
Speaker 14: see him before election day.

689
00:33:02,840 --> 00:33:04,440
Speaker 16: He knows the best thing that he can do is

690
00:33:04,480 --> 00:33:07,440
Speaker 16: to stand aside and in fact, you know, letting people

691
00:33:07,520 --> 00:33:11,080
Speaker 16: lead and playing the role that is required and needed

692
00:33:11,080 --> 00:33:14,600
Speaker 16: of you is what the entire Democratic surrogate operation has

693
00:33:14,680 --> 00:33:18,320
Speaker 16: done quite well. I would say it's a significant advantage

694
00:33:18,320 --> 00:33:20,960
Speaker 16: over Trump's, not just in terms of the diversity and

695
00:33:21,120 --> 00:33:24,840
Speaker 16: the size of the surrogate base, but also their willingness

696
00:33:24,880 --> 00:33:26,720
Speaker 16: to lean in and to go where they are going

697
00:33:26,760 --> 00:33:28,880
Speaker 16: to be most effective. We saw it with surrogates like

698
00:33:29,120 --> 00:33:32,520
Speaker 16: Michelle Obama and Barack Obama. We saw it with Republican

699
00:33:32,840 --> 00:33:35,520
Speaker 16: Liz Cheney. We are seeing it with the generals that

700
00:33:35,560 --> 00:33:38,720
Speaker 16: are coming out in their own way and striking a

701
00:33:38,800 --> 00:33:43,400
Speaker 16: contrast between Harris and Trump. So the team is hitting

702
00:33:43,400 --> 00:33:45,720
Speaker 16: its marks, and this is just one misstep one day.

703
00:33:47,640 --> 00:33:51,080
Speaker 9: Well, So as we consider the words of Joe Biden here, Rick,

704
00:33:51,120 --> 00:33:53,320
Speaker 9: I'd like to talk about some of the words Donald

705
00:33:53,360 --> 00:33:57,320
Speaker 9: Trump is using, specifically as it pertains to the vote

706
00:33:57,600 --> 00:34:01,600
Speaker 9: in Pennsylvania. He posted on true Social this morning alleging

707
00:34:01,640 --> 00:34:04,280
Speaker 9: that there is quote cheating in Pennsylvania.

708
00:34:04,360 --> 00:34:05,280
Speaker 6: Others followed up.

709
00:34:05,280 --> 00:34:08,840
Speaker 9: Marjorie Taylor Green, the congresswoman from Georgia, suggested that the

710
00:34:08,880 --> 00:34:13,320
Speaker 9: steal is on in Pennsylvania. Perhaps you're laying the groundwork

711
00:34:13,400 --> 00:34:15,680
Speaker 9: to contest the results of that state. But what might

712
00:34:15,760 --> 00:34:17,960
Speaker 9: that signal to you, Rick about the internals the Trump

713
00:34:18,000 --> 00:34:22,160
Speaker 9: campaign is seeing. If Donald Trump is already saying this

714
00:34:22,200 --> 00:34:23,320
Speaker 9: thing was stolen.

715
00:34:24,480 --> 00:34:28,359
Speaker 15: Yeah, we actually are seeing a pretty aggressive push in

716
00:34:28,400 --> 00:34:32,279
Speaker 15: the color counties around Philadelphia on early vote. Probably not

717
00:34:32,360 --> 00:34:35,359
Speaker 15: great for the Trump campaign. And my guess is as

718
00:34:35,360 --> 00:34:38,600
Speaker 15: soon as you started seeing that is when these claims

719
00:34:38,640 --> 00:34:42,960
Speaker 15: of theft or irregularities cropped up. When I talk to

720
00:34:43,000 --> 00:34:46,600
Speaker 15: people who are involved in election law, you know, they

721
00:34:46,640 --> 00:34:50,279
Speaker 15: don't think they've had anything unusual happen in Pennsylvania other

722
00:34:50,280 --> 00:34:53,719
Speaker 15: than the typical election week or you know, election month

723
00:34:53,760 --> 00:34:58,239
Speaker 15: activity related to balloting. And so you know, he's working

724
00:34:58,280 --> 00:35:00,319
Speaker 15: the ref he's already laying out the predicate that if

725
00:35:00,320 --> 00:35:03,719
Speaker 15: he loses. I don't think there's anybody I know who

726
00:35:03,719 --> 00:35:06,440
Speaker 15: would question that, he will call foul. He'll you know,

727
00:35:06,560 --> 00:35:09,840
Speaker 15: get his lawyers to issue a bunch of lawsuits against

728
00:35:10,480 --> 00:35:14,600
Speaker 15: you know, various jurisdictions, all in targeted states, all untargeted

729
00:35:15,600 --> 00:35:19,799
Speaker 15: counties to try and contest the election once again. The

730
00:35:19,880 --> 00:35:21,880
Speaker 15: fact that he's doing it before we've even voted is

731
00:35:21,920 --> 00:35:24,680
Speaker 15: actually pretty typically did it in twenty sixteen even when

732
00:35:24,680 --> 00:35:28,040
Speaker 15: he won, and obviously he did it very aggressively before

733
00:35:28,040 --> 00:35:31,239
Speaker 15: the vote in twenty twenty. So I think that this

734
00:35:31,400 --> 00:35:33,680
Speaker 15: is just another one of these things that is a distraction.

735
00:35:34,320 --> 00:35:36,839
Speaker 15: But it does remind voters that this is the kind

736
00:35:36,880 --> 00:35:40,080
Speaker 15: of chaos that they experienced with Trump, you know, when

737
00:35:40,080 --> 00:35:43,240
Speaker 15: he was president ending his term and the whole January

738
00:35:43,280 --> 00:35:46,360
Speaker 15: sixth thing kind of comes flooding back, and I'm not

739
00:35:46,400 --> 00:35:48,200
Speaker 15: sure that's particularly a good thing for him.

740
00:35:49,719 --> 00:35:52,399
Speaker 2: Two important Supreme Court rulings today, Laura, that I want

741
00:35:52,440 --> 00:35:55,839
Speaker 2: to ask you about. One of them involves purging voter

742
00:35:56,000 --> 00:35:59,399
Speaker 2: roles in Virginia. The other involves two swing states here

743
00:35:59,440 --> 00:36:03,200
Speaker 2: that we've been talking about already this hour, Michigan and Wisconsin.

744
00:36:03,239 --> 00:36:06,840
Speaker 2: The Supreme Court says OURFK. Junior will stay on the

745
00:36:06,920 --> 00:36:11,319
Speaker 2: ballot in those two states, knowing how close the race is.

746
00:36:12,040 --> 00:36:15,560
Speaker 2: Did the Supreme Court just win this for Kamala Harris?

747
00:36:17,600 --> 00:36:20,440
Speaker 16: Well, the Supreme Court did what they should do in

748
00:36:20,480 --> 00:36:24,240
Speaker 16: that decision, simply because the appeal was made far too late.

749
00:36:24,440 --> 00:36:27,240
Speaker 16: If OURFK Junior did not want his name on the ballot,

750
00:36:27,239 --> 00:36:29,920
Speaker 16: then he should have petitioned earlier or he should have

751
00:36:30,000 --> 00:36:33,239
Speaker 16: decided not to run. So this is has been true

752
00:36:33,239 --> 00:36:37,279
Speaker 16: in American politics forever and ever, so this is not new.

753
00:36:37,400 --> 00:36:38,759
Speaker 14: And so the Supreme Court in this.

754
00:36:38,800 --> 00:36:43,680
Speaker 16: Instance is reinforcing decades of precedent around election law, and

755
00:36:43,680 --> 00:36:47,400
Speaker 16: that stability is what we need. In terms of the

756
00:36:47,440 --> 00:36:51,319
Speaker 16: other case with respect to purging the voter rules, that

757
00:36:51,520 --> 00:36:55,600
Speaker 16: is an overturn of precedent and two lower court decisions,

758
00:36:55,920 --> 00:36:59,879
Speaker 16: and the purging of voter rules by Republican governors specific

759
00:37:00,760 --> 00:37:04,840
Speaker 16: is a tactic that is folded into this same story

760
00:37:04,880 --> 00:37:07,880
Speaker 16: that Rick was just talking about, where you are essentially

761
00:37:07,960 --> 00:37:13,400
Speaker 16: saying there's election fraud particular to illegal immigrants, immigrants who

762
00:37:13,440 --> 00:37:17,520
Speaker 16: are not documented in this country. And that's something that

763
00:37:17,600 --> 00:37:20,600
Speaker 16: has been going on for a long time. And Trump

764
00:37:20,680 --> 00:37:25,120
Speaker 16: affiliated groups have been filing lawsuits in swing states for

765
00:37:25,160 --> 00:37:27,839
Speaker 16: the better part of the last six months. So they

766
00:37:27,840 --> 00:37:30,520
Speaker 16: will continue to do this, and they have ceded this

767
00:37:30,680 --> 00:37:34,960
Speaker 16: idea of voter fraud without evidence, and in contrast and

768
00:37:35,080 --> 00:37:38,879
Speaker 16: contrary to what election officials are saying, all to sort

769
00:37:38,920 --> 00:37:43,040
Speaker 16: of lay the groundwork for the claims once again that

770
00:37:43,160 --> 00:37:45,359
Speaker 16: the election is stolen if they don't win.

771
00:37:47,000 --> 00:37:49,440
Speaker 9: Well, Rick, if we consider this Virginia case, what the

772
00:37:49,440 --> 00:37:52,080
Speaker 9: state argued was that their program where they removed these

773
00:37:52,160 --> 00:37:54,960
Speaker 9: voters from the rules was based on information provided to

774
00:37:55,000 --> 00:37:57,960
Speaker 9: the DMV where someone had to check a box to

775
00:37:58,040 --> 00:38:01,600
Speaker 9: indicate they aren't a US citizen. Now, obviously, opponents to

776
00:38:01,640 --> 00:38:03,960
Speaker 9: this have said that does leave room for potential error.

777
00:38:04,000 --> 00:38:07,400
Speaker 9: People who are qualified to vote, maybe became naturalized citizens,

778
00:38:07,400 --> 00:38:09,919
Speaker 9: could be removed when they shouldn't be. Do you see

779
00:38:09,960 --> 00:38:13,080
Speaker 9: actual room for error here? Is this decision justified?

780
00:38:14,000 --> 00:38:16,839
Speaker 15: Well, that's the biggest problem is there is always room

781
00:38:16,840 --> 00:38:21,200
Speaker 15: for error. Right, anytime you systematically merge a file with

782
00:38:21,360 --> 00:38:25,759
Speaker 15: another file, whether it's voter rolls and DMV data, you're

783
00:38:25,760 --> 00:38:28,799
Speaker 15: going to have irregularities. Things aren't going to always fit.

784
00:38:28,920 --> 00:38:30,839
Speaker 15: And that's what happened. From what I can tell in

785
00:38:30,880 --> 00:38:34,080
Speaker 15: this case. I don't think anybody was going after an

786
00:38:34,160 --> 00:38:38,800
Speaker 15: effort to try and disenfranchise US citizens from their vote.

787
00:38:39,040 --> 00:38:42,160
Speaker 15: But that's why the law says, take you know, don't

788
00:38:42,200 --> 00:38:44,520
Speaker 15: do these kinds of things within ninety days of the election,

789
00:38:45,520 --> 00:38:48,680
Speaker 15: because you might have problems. And you know, we keep

790
00:38:48,719 --> 00:38:52,120
Speaker 15: talking about, oh, you know, purging non voters, but like,

791
00:38:52,239 --> 00:38:55,839
Speaker 15: if a voter is purged, you are you are violating

792
00:38:55,880 --> 00:38:59,279
Speaker 15: their civil rights and it is against the constitution that

793
00:38:59,360 --> 00:39:02,000
Speaker 15: allows them to have a vote. And even though Virginia

794
00:39:02,080 --> 00:39:06,120
Speaker 15: only had about sixteen voters who were disenfranchised by this purge,

795
00:39:06,160 --> 00:39:08,480
Speaker 15: who are in the process of being put back on rolls,

796
00:39:08,640 --> 00:39:12,080
Speaker 15: this was done in Alabama and they purged three thousand,

797
00:39:12,480 --> 00:39:15,960
Speaker 15: two hundred people, and two thousand of them were US citizens.

798
00:39:16,000 --> 00:39:18,320
Speaker 15: So you know, it's the kind of thing where nobody's

799
00:39:18,480 --> 00:39:21,920
Speaker 15: laying blame. It's just what happens when you merge liss

800
00:39:22,239 --> 00:39:23,600
Speaker 15: and you don't want to do it too late in

801
00:39:23,600 --> 00:39:24,160
Speaker 15: the process.

802
00:39:25,760 --> 00:39:28,280
Speaker 9: All right, Rick Davis of stone Court Capital and Laura

803
00:39:28,320 --> 00:39:31,600
Speaker 9: Fink of Rebel Communications our political panel today, Thank you

804
00:39:32,000 --> 00:39:33,960
Speaker 9: so much for joining us. We have more ahead here

805
00:39:34,280 --> 00:39:36,160
Speaker 9: on Balance of Power. Up next, we're going to take

806
00:39:36,200 --> 00:39:38,719
Speaker 9: a look at how markets are viewing this election, specifically

807
00:39:38,800 --> 00:39:42,200
Speaker 9: through the lens of crypto. That's ahead on Bloomberg TV

808
00:39:42,520 --> 00:39:45,680
Speaker 9: and radio.

809
00:39:46,400 --> 00:39:49,759
Speaker 1: You're listening to the Bloomberg Balance of Power podcast kens

810
00:39:49,880 --> 00:39:52,920
Speaker 1: just Live weekdays at noon Eastern on Applecarplay, and then

811
00:39:53,000 --> 00:39:55,960
Speaker 1: Rodoto with the Bloomberg Business App. You can also listen

812
00:39:56,040 --> 00:39:59,160
Speaker 1: live on Amazon Alexa from our flagship New York station,

813
00:39:59,520 --> 00:40:01,840
Speaker 1: Just say Alexa, play Bloomberg eleven.

814
00:40:01,960 --> 00:40:06,280
Speaker 2: Thank you for being with us here on the Wednesday

815
00:40:06,400 --> 00:40:09,480
Speaker 2: edition of Balance of Power on Bloomberg TV and Radio.

816
00:40:09,600 --> 00:40:11,480
Speaker 2: You can find us on YouTube right now as well

817
00:40:11,520 --> 00:40:14,759
Speaker 2: search Bloomberg Business News Live. We'll save a seat for

818
00:40:14,840 --> 00:40:17,240
Speaker 2: you here in the studio as we consider the impact

819
00:40:17,480 --> 00:40:20,760
Speaker 2: or not the election is having on the markets. Amy

820
00:40:20,960 --> 00:40:24,160
Speaker 2: was just talking about. We've had an ongoing conversation with

821
00:40:24,239 --> 00:40:29,080
Speaker 2: Abigail Doolittle, Bloomberg Markets correspondent, who has been very effective

822
00:40:29,120 --> 00:40:32,560
Speaker 2: at capturing this moment on Wall Street and the intersection

823
00:40:32,800 --> 00:40:36,520
Speaker 2: of Washington and Wall Street, the Trump trade, the Harris trade,

824
00:40:36,560 --> 00:40:38,960
Speaker 2: if there is one, and she's with us now six

825
00:40:39,160 --> 00:40:41,360
Speaker 2: days out, Abigail, it's great to see you. This is

826
00:40:41,400 --> 00:40:43,840
Speaker 2: a market obsessed with earnings, of course, we've got a

827
00:40:43,840 --> 00:40:46,680
Speaker 2: lot of them today Google, AMD, Lily and so on.

828
00:40:46,840 --> 00:40:50,320
Speaker 2: Is anyone thinking about the election while they're trading earnings?

829
00:40:50,400 --> 00:40:53,240
Speaker 17: That is certainly the main story, Joe, and it's interesting

830
00:40:53,320 --> 00:40:55,400
Speaker 17: volume for the S and P five hundred right now,

831
00:40:55,400 --> 00:40:59,000
Speaker 17: about twenty percent above even twenty five percent above the

832
00:40:59,040 --> 00:41:03,440
Speaker 17: twenty day moving average for the stock volume on that index,

833
00:41:03,480 --> 00:41:06,720
Speaker 17: so investors very interested. But as Amy was talking about,

834
00:41:06,719 --> 00:41:10,040
Speaker 17: the S and P five hundred barely moving despite those

835
00:41:10,160 --> 00:41:14,320
Speaker 17: earnings movers beneath the surface alphabet up more than five percent,

836
00:41:14,480 --> 00:41:18,279
Speaker 17: AMD down closer to ten percent that surface flat. I

837
00:41:18,280 --> 00:41:20,839
Speaker 17: would say, in a way that may reflect some of

838
00:41:20,880 --> 00:41:24,800
Speaker 17: the tug of war right before the election, but overall,

839
00:41:24,920 --> 00:41:27,360
Speaker 17: the markets have been voting on this election for quite

840
00:41:27,360 --> 00:41:29,200
Speaker 17: some time. Given the fact that the S and P

841
00:41:29,400 --> 00:41:33,680
Speaker 17: five hundred year to date up more than twenty percent. Historically,

842
00:41:33,760 --> 00:41:37,360
Speaker 17: as you both know, Joe and Kelly, the S and

843
00:41:37,440 --> 00:41:39,920
Speaker 17: P five hundred stocks tend to do very well in

844
00:41:40,040 --> 00:41:43,160
Speaker 17: presidential election years and this year is no exception. Again

845
00:41:43,280 --> 00:41:46,680
Speaker 17: into today that SMP five hundred up a very healthy

846
00:41:46,719 --> 00:41:47,320
Speaker 17: twenty percent.

847
00:41:48,440 --> 00:41:52,480
Speaker 9: Well, okay, So if stocks are doing okay, there is

848
00:41:52,520 --> 00:41:54,600
Speaker 9: the question about the bond market as well, which has

849
00:41:54,600 --> 00:41:57,680
Speaker 9: been whipsided by a multitude of things, including the outlook

850
00:41:57,719 --> 00:41:59,879
Speaker 9: for monetary policy. But can we say in the bomb

851
00:42:00,080 --> 00:42:03,640
Speaker 9: market now, Abigail, it's more about fiscal policy than monetary

852
00:42:03,640 --> 00:42:04,200
Speaker 9: at this point.

853
00:42:04,400 --> 00:42:05,000
Speaker 14: So that's a.

854
00:42:04,960 --> 00:42:08,280
Speaker 17: Great question, Kelly, because in terms of the stock market.

855
00:42:08,320 --> 00:42:09,759
Speaker 17: If we were to break it down a little bit

856
00:42:09,800 --> 00:42:12,360
Speaker 17: more in terms of that twenty percent gain, it's certainly

857
00:42:12,440 --> 00:42:15,600
Speaker 17: leaning toward the former president Donald Trump, with DJT up

858
00:42:15,600 --> 00:42:19,040
Speaker 17: about three hundred percent in recent weeks. We also have

859
00:42:19,239 --> 00:42:23,840
Speaker 17: the Trump predicted higher than the Harris predicted, but relative

860
00:42:23,880 --> 00:42:27,160
Speaker 17: to the bond market because the expectation, and this according

861
00:42:27,200 --> 00:42:30,400
Speaker 17: to Steve soasnik Over an interactive broker, that broker that

862
00:42:30,520 --> 00:42:33,600
Speaker 17: his fiscal policy could be super loose and it could

863
00:42:33,800 --> 00:42:36,880
Speaker 17: mean problems for the budget. That yields could go higher

864
00:42:36,960 --> 00:42:40,560
Speaker 17: if that continues. Because when yields go higher, that means

865
00:42:40,600 --> 00:42:43,160
Speaker 17: liquidity is coming out of the system. That could actually

866
00:42:43,200 --> 00:42:46,520
Speaker 17: in turn pressure stock. So we're keeping a very close

867
00:42:46,560 --> 00:42:49,959
Speaker 17: eye on the bond market for sure. Those yields backing

868
00:42:50,040 --> 00:42:52,960
Speaker 17: up in just the last couple of weeks a very

869
00:42:53,000 --> 00:42:55,759
Speaker 17: big amount, by fifty to sixty basis point, depending on

870
00:42:55,800 --> 00:42:58,399
Speaker 17: what yield, what bond, what note you're looking at.

871
00:42:59,400 --> 00:43:02,560
Speaker 2: We see that they sitting at just about a twenty

872
00:43:02,640 --> 00:43:07,000
Speaker 2: europe almost four percent. Kind of interesting to consider the

873
00:43:07,040 --> 00:43:10,640
Speaker 2: potential for volatility around what happens next week Abigail. And

874
00:43:10,680 --> 00:43:13,120
Speaker 2: then there's crypto. Wall Street seems to think they have

875
00:43:13,200 --> 00:43:14,239
Speaker 2: this figured out, don't they.

876
00:43:14,600 --> 00:43:17,000
Speaker 17: You know, it's interesting, so that VIX has really been

877
00:43:17,040 --> 00:43:18,759
Speaker 17: a great tell that the three of us have been

878
00:43:18,800 --> 00:43:22,560
Speaker 17: watching since July, the VIX curve months and months ago,

879
00:43:23,120 --> 00:43:25,880
Speaker 17: around in eighteen, when the VIX itself had been at fifteen.

880
00:43:25,960 --> 00:43:29,279
Speaker 17: So volatility back then at the time very low, but

881
00:43:29,360 --> 00:43:31,880
Speaker 17: around the election high, and right now it's high. So

882
00:43:31,960 --> 00:43:36,360
Speaker 17: investors a little bit wary in terms of what the

883
00:43:36,560 --> 00:43:40,360
Speaker 17: result could be. Would it be you know, Willoughby, Harris

884
00:43:40,480 --> 00:43:42,840
Speaker 17: or Trump, And some are saying that if a VP

885
00:43:43,000 --> 00:43:45,319
Speaker 17: Harris is to win, that could be a near term

886
00:43:45,400 --> 00:43:48,120
Speaker 17: negative for stocks because she may not be so friendly

887
00:43:48,480 --> 00:43:51,719
Speaker 17: to taxes, especially around capital grains. There could be some

888
00:43:51,760 --> 00:43:54,080
Speaker 17: profit taking. But to your point on crypto, it's very

889
00:43:54,080 --> 00:43:58,280
Speaker 17: interesting right now bitcoin trading above seventy thousand dollars per bitcoin.

890
00:43:58,800 --> 00:44:03,960
Speaker 17: The possible Trump administration considered to be crypto friendly, So

891
00:44:04,040 --> 00:44:06,480
Speaker 17: that might be another way of markets weighing in on

892
00:44:06,640 --> 00:44:09,719
Speaker 17: saying that they are voting for Donald Trump. But of

893
00:44:09,719 --> 00:44:12,560
Speaker 17: course that is we don't know that that's the case.

894
00:44:12,800 --> 00:44:15,960
Speaker 17: But markets right now, right across the board, seemed to

895
00:44:15,960 --> 00:44:18,920
Speaker 17: be leaning a little bit red at least for the

896
00:44:18,960 --> 00:44:19,439
Speaker 17: White House.

897
00:44:19,520 --> 00:44:23,880
Speaker 9: Yeah, all right, Bloomberg Markets correspondent Abigail Doolittle, thank you

898
00:44:23,960 --> 00:44:25,920
Speaker 9: so much. As Abigail points to what we're seeing in

899
00:44:25,960 --> 00:44:28,839
Speaker 9: crypto in the notion that Donald Trump would be better

900
00:44:28,840 --> 00:44:32,279
Speaker 9: for bitcoin and other digital assets, at least one person

901
00:44:32,320 --> 00:44:35,920
Speaker 9: would disagree with that. Democratic Congressman Wiley Nickel of North Carolina,

902
00:44:35,960 --> 00:44:38,600
Speaker 9: who was a leader of crypto for Harris zoom calls

903
00:44:38,600 --> 00:44:42,360
Speaker 9: early in her candidacy and sits on the Financial Services Committee,

904
00:44:42,400 --> 00:44:44,880
Speaker 9: had this to say on Bloomberg Crypto yesterday.

905
00:44:45,560 --> 00:44:49,800
Speaker 18: Kamala Harris's position of protecting US consumers keeping digital innovation

906
00:44:49,880 --> 00:44:52,319
Speaker 18: in the US puts you're squarely in line with the

907
00:44:52,360 --> 00:44:55,640
Speaker 18: seventy one Democrats, including myself who supported FIT twenty one.

908
00:44:55,680 --> 00:44:57,800
Speaker 18: So I think we've got a really good forward looking

909
00:44:57,800 --> 00:45:00,359
Speaker 18: approach by Vice President Harris. And if I can say

910
00:45:00,400 --> 00:45:03,200
Speaker 18: one thing about our opponent in this race, there's only

911
00:45:03,239 --> 00:45:05,600
Speaker 18: one candidate running for president who's called crypto a scam,

912
00:45:05,600 --> 00:45:08,120
Speaker 18: and that's Donald Trump, who did nothing on this issue

913
00:45:08,200 --> 00:45:08,880
Speaker 18: for four years.

914
00:45:10,920 --> 00:45:12,440
Speaker 9: So we want to dig more into the issue of

915
00:45:13,080 --> 00:45:16,200
Speaker 9: crypto and specifically how it is shaping voter sentiment. With

916
00:45:16,280 --> 00:45:18,879
Speaker 9: six days to go until election day, and we've got

917
00:45:18,880 --> 00:45:21,880
Speaker 9: some new data out from Paradigm and their VP of

918
00:45:21,920 --> 00:45:25,400
Speaker 9: Regulatory Affairs, Justin Slaughter is joining us now in our Washington,

919
00:45:25,480 --> 00:45:26,360
Speaker 9: d C studio.

920
00:45:26,360 --> 00:45:27,960
Speaker 6: Welcome back to Bloomberg TV and Radio.

921
00:45:28,120 --> 00:45:29,719
Speaker 19: Justin good to be back here, Gaily.

922
00:45:29,680 --> 00:45:31,360
Speaker 9: Thanks for being with us, and thank you for this

923
00:45:31,520 --> 00:45:35,200
Speaker 9: data which is incredibly insightful in terms of what it finds.

924
00:45:35,239 --> 00:45:38,880
Speaker 9: You find five percent of all voters describe themselves as

925
00:45:39,000 --> 00:45:43,239
Speaker 9: single issue crypto voters. What does the actual breakdown of

926
00:45:43,280 --> 00:45:44,319
Speaker 9: that five percent look like?

927
00:45:44,360 --> 00:45:44,960
Speaker 8: Great question.

928
00:45:45,239 --> 00:45:47,120
Speaker 19: So to be clear, there's been a lot of discussion

929
00:45:47,120 --> 00:45:49,279
Speaker 19: over the last few months about whether or not the

930
00:45:49,400 --> 00:45:51,560
Speaker 19: significant amount of people who own crypto in American We

931
00:45:51,600 --> 00:45:54,000
Speaker 19: have it as twenty percent of all registered and likely

932
00:45:54,080 --> 00:45:57,399
Speaker 19: voters have bought crypto along with other polls, and it's

933
00:45:57,440 --> 00:45:59,600
Speaker 19: not clear whether or not they will vote on that

934
00:45:59,680 --> 00:46:02,399
Speaker 19: disc you know, purchase. So we asked those who bought

935
00:46:02,400 --> 00:46:05,160
Speaker 19: crypto in the past, do you consider yourself a single

936
00:46:05,200 --> 00:46:08,440
Speaker 19: issue crypto voter? And I'll read the wording exactly as

937
00:46:08,440 --> 00:46:11,640
Speaker 19: it matters for polling. Do you consider yourself a single

938
00:46:11,680 --> 00:46:15,799
Speaker 19: issue crypto voter? And the government policy on crypto is

939
00:46:15,840 --> 00:46:18,960
Speaker 19: the most important policy you consider when selecting a candidate

940
00:46:18,960 --> 00:46:21,600
Speaker 19: for office, and a quarter of those who bought crypto

941
00:46:21,960 --> 00:46:24,640
Speaker 19: five percent of all likely voters say yes they are.

942
00:46:24,920 --> 00:46:27,680
Speaker 19: This was a surprisingly large number in our view, especially

943
00:46:27,680 --> 00:46:30,160
Speaker 19: given how close this election is. I mean, we're looking

944
00:46:30,160 --> 00:46:32,040
Speaker 19: at one percent margins in all the key states.

945
00:46:32,320 --> 00:46:35,200
Speaker 2: How about when it comes down to Trump versus Harris.

946
00:46:35,239 --> 00:46:36,120
Speaker 2: Both have tried to.

947
00:46:36,080 --> 00:46:36,640
Speaker 3: Seize on this.

948
00:46:37,200 --> 00:46:39,680
Speaker 2: We could probably argue Donald Trump a little more aggressively,

949
00:46:39,719 --> 00:46:42,960
Speaker 2: even getting into the family business to some extent, But

950
00:46:43,000 --> 00:46:46,560
Speaker 2: Harris has tried to make clear her openness to new

951
00:46:46,600 --> 00:46:52,480
Speaker 2: ideas to enhancing growth in crypto. But the industry seems

952
00:46:52,480 --> 00:46:53,959
Speaker 2: to favor Trump. What did you learn?

953
00:46:54,200 --> 00:46:57,200
Speaker 19: It was surprising because we're looking not at the industry

954
00:46:57,239 --> 00:47:01,319
Speaker 19: but voters, and among crypto purchasers it's tied forty seven

955
00:47:01,480 --> 00:47:05,040
Speaker 19: forty seven. This is better for Trump than in the

956
00:47:05,080 --> 00:47:07,040
Speaker 19: overall ballot, which we have as forty eight forty six.

957
00:47:07,320 --> 00:47:10,439
Speaker 19: But Harris has improved dramatically from where Biden was in March.

958
00:47:10,480 --> 00:47:13,400
Speaker 19: When we asked this question March, asking who do you

959
00:47:13,440 --> 00:47:16,360
Speaker 19: favor Biden or Trump? Forty eight percent of crypto purchasers

960
00:47:16,360 --> 00:47:19,600
Speaker 19: favorite Trump. Only thirty nine percent favored Biden. Even though

961
00:47:19,600 --> 00:47:22,560
Speaker 19: this was a population that voted more for Biden than

962
00:47:22,600 --> 00:47:23,600
Speaker 19: Trump in twenty twenty.

963
00:47:24,120 --> 00:47:26,640
Speaker 9: Well, favoring is one thing, trusting is another. And I

964
00:47:26,680 --> 00:47:30,560
Speaker 9: did notice in your data Republicans and Donald Trump are

965
00:47:30,600 --> 00:47:33,879
Speaker 9: trusted more to promote the kind of growth and regulatory

966
00:47:33,960 --> 00:47:36,120
Speaker 9: nature of the crypto environment moving.

967
00:47:35,880 --> 00:47:38,319
Speaker 19: Forward, exactly right, And that also is a change from March.

968
00:47:38,440 --> 00:47:41,400
Speaker 19: In March it was tied. Twenty five percent said Republicans

969
00:47:41,440 --> 00:47:44,560
Speaker 19: were fate were better, twenty five percent said Democrats. But now,

970
00:47:44,600 --> 00:47:47,000
Speaker 19: in the wake of obviously a lot of statements, Donald

971
00:47:47,000 --> 00:47:49,560
Speaker 19: Trump said he wanted a bitcoin sovereign wealth fund, He's

972
00:47:49,560 --> 00:47:52,680
Speaker 19: doing a DeFi protocol. Thirty percent of voters say they

973
00:47:52,719 --> 00:47:55,840
Speaker 19: trust Republicans more on crypto policy. Only twenty five percent

974
00:47:55,880 --> 00:47:58,319
Speaker 19: trust Democrats more. But this is still a jump ball.

975
00:47:58,440 --> 00:48:01,160
Speaker 19: Independence are much more mixed up, about ten percent trusting

976
00:48:01,200 --> 00:48:03,240
Speaker 19: each side. So there's ways to come back.

977
00:48:03,480 --> 00:48:06,200
Speaker 2: We just heard from Wiley Nicchol who has embraced crypto

978
00:48:06,239 --> 00:48:07,840
Speaker 2: in a way that a lot of lawmakers have not.

979
00:48:08,000 --> 00:48:10,080
Speaker 2: But he has a vision, as he's told us, even

980
00:48:10,760 --> 00:48:14,400
Speaker 2: beyond his tenure in the House of Lawmakers, finding some

981
00:48:14,480 --> 00:48:19,840
Speaker 2: critical mass here, finding common ground, maybe a mainstreaming of

982
00:48:19,880 --> 00:48:22,600
Speaker 2: crypto with so many lawmakers kind of catching.

983
00:48:22,320 --> 00:48:24,120
Speaker 3: Up to the narrative here.

984
00:48:24,160 --> 00:48:27,279
Speaker 2: Do you see that in the next term, regardless of

985
00:48:27,320 --> 00:48:28,200
Speaker 2: who the president is.

986
00:48:28,280 --> 00:48:31,080
Speaker 19: I actually do, because we also asked all voters do

987
00:48:31,120 --> 00:48:32,880
Speaker 19: you consider that crypto will be a major part of

988
00:48:32,920 --> 00:48:35,640
Speaker 19: the economy going forward or a passing fad? And forty

989
00:48:35,680 --> 00:48:38,200
Speaker 19: six percent of all likely voters said they considered a

990
00:48:38,239 --> 00:48:40,720
Speaker 19: major part of the economy, along with forty seven percent

991
00:48:40,719 --> 00:48:44,040
Speaker 19: of independent voters. And remember, only twenty percent of voters

992
00:48:44,040 --> 00:48:46,040
Speaker 19: had bought crypto, so a lot of people who haven't

993
00:48:46,040 --> 00:48:48,200
Speaker 19: even bought into it yet see it as a major

994
00:48:48,239 --> 00:48:51,640
Speaker 19: part of the economy. And obviously, as Congressman Nickel would

995
00:48:51,640 --> 00:48:55,480
Speaker 19: tell you, elected officials and policymakers follow the voters. The

996
00:48:55,560 --> 00:48:57,919
Speaker 19: voters in a democracy are always our north star.

997
00:48:58,640 --> 00:49:01,360
Speaker 9: So no matter who ultimately when it's not the presidency

998
00:49:01,480 --> 00:49:03,960
Speaker 9: but majorities in the House and Senate, do you think

999
00:49:04,040 --> 00:49:10,640
Speaker 9: actual crypto market structure legislation delineating sec CFTC authority will pass.

1000
00:49:10,400 --> 00:49:11,560
Speaker 6: In the next next Congress.

1001
00:49:11,600 --> 00:49:13,680
Speaker 19: I definitely think it'll be considered. The sixty four thousand

1002
00:49:13,719 --> 00:49:15,800
Speaker 19: dollars question in DC, of course, whether it'll pass, it

1003
00:49:15,840 --> 00:49:17,920
Speaker 19: should pass. I would think there's a desire for it

1004
00:49:17,960 --> 00:49:20,839
Speaker 19: to pass, But it does seem like we finally have

1005
00:49:21,000 --> 00:49:22,960
Speaker 19: an appreciation a lot of DC that this is here

1006
00:49:22,960 --> 00:49:25,839
Speaker 19: to stay, and this needs to be well regulated and

1007
00:49:26,120 --> 00:49:28,920
Speaker 19: ultimately right. That is what both candidates are saying. They

1008
00:49:28,960 --> 00:49:31,200
Speaker 19: want America to dominate the blockchain in the words of

1009
00:49:31,239 --> 00:49:34,560
Speaker 19: Kamala Harris, to you know, to control bitcoin, of the

1010
00:49:34,560 --> 00:49:36,920
Speaker 19: words of Donald Trump. So there is a consensus, I

1011
00:49:36,960 --> 00:49:39,480
Speaker 19: think burgeoning that we need to be getting up to

1012
00:49:39,520 --> 00:49:40,920
Speaker 19: speed with other countries on crypto.

1013
00:49:41,000 --> 00:49:43,239
Speaker 2: So we don't necessarily need a Republican Congress to make

1014
00:49:43,280 --> 00:49:43,720
Speaker 2: that happen.

1015
00:49:43,960 --> 00:49:45,759
Speaker 19: I don't think we do. It's worth noting right that.

1016
00:49:45,920 --> 00:49:47,839
Speaker 19: I think no matter what, it's likely you could see

1017
00:49:47,840 --> 00:49:49,440
Speaker 19: gridlock or something you can to it. We have at

1018
00:49:49,440 --> 00:49:51,680
Speaker 19: a Republican House, this Congress, of course, and it often

1019
00:49:51,719 --> 00:49:54,720
Speaker 19: had issues governing itself. This is a topic to Congress.

1020
00:49:54,719 --> 00:49:57,279
Speaker 19: From Nichols points seventy one Democrats voted for FIT twenty one,

1021
00:49:57,280 --> 00:49:59,759
Speaker 19: which is a high amount. You could see a bipartisan

1022
00:49:59,800 --> 00:50:02,920
Speaker 19: row Garden signing ceremony for crypto legislation, which is not

1023
00:50:03,040 --> 00:50:05,240
Speaker 19: something you can say about most topics next.

1024
00:50:05,120 --> 00:50:08,000
Speaker 9: Year, well, and it does remind us that legislation is

1025
00:50:08,040 --> 00:50:10,600
Speaker 9: what ultimately could change a lot of things for the industry.

1026
00:50:10,719 --> 00:50:13,120
Speaker 9: But the way the president could change things, aside from

1027
00:50:13,120 --> 00:50:16,160
Speaker 9: expressing openness, is appointing regulators right at the CFTC and

1028
00:50:16,239 --> 00:50:18,879
Speaker 9: the SEC. Obviously, we can assume with Donald Trump that's

1029
00:50:18,920 --> 00:50:20,320
Speaker 9: going to look a lot different.

1030
00:50:20,320 --> 00:50:21,560
Speaker 6: What about with Kamala.

1031
00:50:21,239 --> 00:50:22,720
Speaker 8: Harris, It's an open question.

1032
00:50:22,800 --> 00:50:25,040
Speaker 19: It's definitely the case that the president has a lot

1033
00:50:25,080 --> 00:50:28,879
Speaker 19: of power to move around commissioners at any time. Right,

1034
00:50:28,920 --> 00:50:31,160
Speaker 19: a chairman serves the pleasure of the president. She could

1035
00:50:31,239 --> 00:50:33,400
Speaker 19: say she wants to name a current acting commissioner of

1036
00:50:33,400 --> 00:50:35,920
Speaker 19: the chair. She could nominate someone else's commissioner and name

1037
00:50:35,960 --> 00:50:38,759
Speaker 19: that person chair, and that in general, right, I think

1038
00:50:38,840 --> 00:50:41,320
Speaker 19: part of how we got here is that Biden admin

1039
00:50:41,440 --> 00:50:45,520
Speaker 19: has been shall we say, sclerotic, shambalic in terms of

1040
00:50:45,560 --> 00:50:47,640
Speaker 19: it desprot to crypto. There is no one central guiding

1041
00:50:47,640 --> 00:50:49,759
Speaker 19: star and I saw that in person in twenty one

1042
00:50:49,760 --> 00:50:52,160
Speaker 19: when I was at the SEC. If you have a

1043
00:50:52,160 --> 00:50:54,560
Speaker 19: president Harris coming in saying I want to finally have

1044
00:50:54,680 --> 00:50:57,480
Speaker 19: the government sing from one songbook, that should unlock a

1045
00:50:57,480 --> 00:50:59,960
Speaker 19: lot of potential policy making and hopefully some clarity.

1046
00:51:00,280 --> 00:51:02,520
Speaker 2: What will be the residue of this campaign when it

1047
00:51:02,560 --> 00:51:05,200
Speaker 2: comes to the influence of crypto, not just on the

1048
00:51:05,200 --> 00:51:08,200
Speaker 2: presidential level, but some of the Senate races, like in Ohio,

1049
00:51:08,400 --> 00:51:12,600
Speaker 2: like in Massachusetts, where we've seen self funded candidates come

1050
00:51:12,600 --> 00:51:14,359
Speaker 2: out of nowhere and actually make a vent.

1051
00:51:15,000 --> 00:51:17,359
Speaker 19: I think it definitely shows this issue matters. I think

1052
00:51:17,440 --> 00:51:19,920
Speaker 19: that's the number one thing that was surprising to people

1053
00:51:19,960 --> 00:51:22,080
Speaker 19: in DC. If you talk to them in early twenty three,

1054
00:51:22,840 --> 00:51:24,000
Speaker 19: you said, this is going to be a major issue

1055
00:51:24,000 --> 00:51:25,240
Speaker 19: because so many people by crypto.

1056
00:51:25,320 --> 00:51:26,319
Speaker 6: They said, what are you talking about?

1057
00:51:26,360 --> 00:51:28,200
Speaker 19: Come on, that's not true, and you have to point

1058
00:51:28,200 --> 00:51:30,040
Speaker 19: polling to them, and they still don't really get it.

1059
00:51:30,040 --> 00:51:32,000
Speaker 19: One thing we've seen in our polling that's very notable

1060
00:51:32,360 --> 00:51:35,479
Speaker 19: is that ownership is highest among people who are young,

1061
00:51:35,760 --> 00:51:38,319
Speaker 19: people who are male, people who are non white, but

1062
00:51:38,360 --> 00:51:40,480
Speaker 19: it's lowest among people who are older, who are white

1063
00:51:40,480 --> 00:51:43,279
Speaker 19: and at POSTCRID degrees. So in many ways, ownership is

1064
00:51:43,440 --> 00:51:47,120
Speaker 19: disproportionately low among the exact staffing group that exists in Washington,

1065
00:51:47,200 --> 00:51:48,800
Speaker 19: d C. And that I think has caused the blind

1066
00:51:48,840 --> 00:51:51,400
Speaker 19: spot on this topic that does not exist in New

1067
00:51:51,480 --> 00:51:52,440
Speaker 19: York or San Francisco.

1068
00:51:52,920 --> 00:51:55,160
Speaker 9: But when Joe's asking about the kind of money that

1069
00:51:55,160 --> 00:51:57,800
Speaker 9: has come into some of these races fair Shake, for example,

1070
00:51:57,800 --> 00:51:59,759
Speaker 9: there are now Crypto packs with tens of millions of

1071
00:51:59,760 --> 00:52:01,960
Speaker 9: dogs that they've put into this race. Do you expect

1072
00:52:02,000 --> 00:52:05,880
Speaker 9: that kind of money dispensing will exist from this industry

1073
00:52:05,880 --> 00:52:06,919
Speaker 9: and cycles moving forward?

1074
00:52:07,000 --> 00:52:08,879
Speaker 19: I think the evidence is that crypto is saying it's

1075
00:52:08,880 --> 00:52:11,279
Speaker 19: here to stay and be a player going forward. Obviously

1076
00:52:11,680 --> 00:52:14,280
Speaker 19: what that means any given cycles unclear, but it seems

1077
00:52:14,360 --> 00:52:18,000
Speaker 19: unlikely to expect that Crypto will simply walk away. That said,

1078
00:52:18,160 --> 00:52:21,560
Speaker 19: legislation changes everything you can imagine, you know, things changing

1079
00:52:21,560 --> 00:52:23,680
Speaker 19: as part of a market structure bill, and I think

1080
00:52:23,760 --> 00:52:26,040
Speaker 19: that is in fact one of the key questions is

1081
00:52:26,040 --> 00:52:28,760
Speaker 19: what does this industry look like when it is fully

1082
00:52:28,840 --> 00:52:32,920
Speaker 19: part of a well regulated clear system where the regulator

1083
00:52:32,960 --> 00:52:35,640
Speaker 19: is working with the industry and on behalf of consumers, investors,

1084
00:52:35,640 --> 00:52:36,359
Speaker 19: and not against it.

1085
00:52:36,640 --> 00:52:39,200
Speaker 2: We were just talking earlier with the Abigail about what

1086
00:52:39,280 --> 00:52:42,360
Speaker 2: the markets might do in some of the uncertainty that

1087
00:52:42,360 --> 00:52:44,360
Speaker 2: could follow the election next week. Do you expect a

1088
00:52:44,400 --> 00:52:48,200
Speaker 2: wild ride for Bitcoin for other coins starting Wednesday morning?

1089
00:52:48,320 --> 00:52:50,160
Speaker 19: That is so far above my pay great? And if

1090
00:52:50,200 --> 00:52:51,799
Speaker 19: I knew that, I'd be in a different job. I

1091
00:52:51,840 --> 00:52:55,200
Speaker 19: think what I've learned. So I've been following elections professionally

1092
00:52:55,200 --> 00:52:58,200
Speaker 19: and as an amateur for basically twenty five years. There's

1093
00:52:58,320 --> 00:53:00,480
Speaker 19: never been an election where I'm more un certain of

1094
00:53:00,480 --> 00:53:02,640
Speaker 19: the outcome in this about that it's not just close,

1095
00:53:02,719 --> 00:53:06,040
Speaker 19: it's that the Arabars are so wide. It's potentially the case.

1096
00:53:06,080 --> 00:53:07,800
Speaker 19: There's a lot of hurting going on. Nate Silver was

1097
00:53:07,840 --> 00:53:10,560
Speaker 19: talking about that. So for me, I'm just trying to

1098
00:53:10,640 --> 00:53:14,280
Speaker 19: gird myself for the unknowable, you know, the known unknowns

1099
00:53:14,280 --> 00:53:15,640
Speaker 19: as it were in Rumsfeldian talk.

1100
00:53:15,760 --> 00:53:17,120
Speaker 3: Yeah, it's all got right now.

1101
00:53:17,120 --> 00:53:20,439
Speaker 2: That's why we have to ask justin Slaughter Paradigm. Great

1102
00:53:20,440 --> 00:53:22,240
Speaker 2: to see you and thank you for bringing the research

1103
00:53:22,520 --> 00:53:25,560
Speaker 2: in this important pull a really important conversation, Kaylee, as

1104
00:53:25,560 --> 00:53:28,160
Speaker 2: we try to seize on crypto here along with every

1105
00:53:28,160 --> 00:53:31,239
Speaker 2: other element that brings something to this campaign, hopefully some

1106
00:53:31,360 --> 00:53:33,120
Speaker 2: visibility about where we end up next week.

1107
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Speaker 5: Yep.

1108
00:53:33,440 --> 00:53:35,759
Speaker 9: And this is your unique lens here at Bloomberg how

1109
00:53:35,760 --> 00:53:38,200
Speaker 9: the policies we're hearing about on the trail actually could

1110
00:53:38,280 --> 00:53:40,120
Speaker 9: impact markets and regulation.

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00:53:40,200 --> 00:53:43,200
Speaker 6: Will continue to do that on Bloomberg TV. Entry.

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Speaker 2: Thanks for listening to the Balance of Power podcast. Make

1113
00:53:49,960 --> 00:53:53,040
Speaker 2: sure to subscribe if you haven't already, Apple, Spotify, or

1114
00:53:53,080 --> 00:53:55,759
Speaker 2: wherever you get your podcasts, and you can find us

1115
00:53:55,800 --> 00:53:59,319
Speaker 2: live every weekday from Washington, DC at noontime Eastern at

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Speaker 2: Bloomberg DKA