1 00:00:00,360 --> 00:00:03,080 Speaker 1: Why from our nation's capital, this budget thing is going 2 00:00:03,120 --> 00:00:05,560 Speaker 1: to do nothing space sports. I still think it's interesting. 3 00:00:05,600 --> 00:00:09,680 Speaker 1: President Trump not playing his cards yet headlines Policy and Politics, 4 00:00:09,720 --> 00:00:14,440 Speaker 1: Aliding sound on with Kevin's related the insiders, the influencers, 5 00:00:14,600 --> 00:00:17,440 Speaker 1: the insides. I would rather see a congressional solution. It's 6 00:00:17,440 --> 00:00:20,400 Speaker 1: part of my DNA. The Senate map in looks a 7 00:00:20,400 --> 00:00:22,720 Speaker 1: lot different than it looked in. You really have a 8 00:00:22,760 --> 00:00:26,040 Speaker 1: divide within Team Trump. The President has to do exactly 9 00:00:26,079 --> 00:00:27,639 Speaker 1: what people send him here to do, which is to 10 00:00:27,640 --> 00:00:31,360 Speaker 1: get it done. He's sound on with Kevin's He related 11 00:00:31,560 --> 00:00:37,400 Speaker 1: on Bloomberg and seven m h D two Boltemore. President 12 00:00:37,440 --> 00:00:41,960 Speaker 1: Trump was on Capitol Hill earlier today saying that Republicans 13 00:00:41,960 --> 00:00:45,000 Speaker 1: are ready for a healthcare plan. One problem, no one 14 00:00:45,040 --> 00:00:46,960 Speaker 1: knows where the plan is. We're going to dive into 15 00:00:47,000 --> 00:00:49,400 Speaker 1: what the President had to say while he was up there. 16 00:00:49,440 --> 00:00:53,720 Speaker 1: Plus day two of Mueller Week, the fallout continues. Will 17 00:00:53,760 --> 00:00:57,840 Speaker 1: the Mueller and report be made public? Democrats say they 18 00:00:57,880 --> 00:01:02,920 Speaker 1: need that as soon as possible. Republicans say, not so fast. Meanwhile, 19 00:01:02,960 --> 00:01:06,160 Speaker 1: the Green New Deal continues. Senate Majority Leader Mitch McConnell 20 00:01:06,600 --> 00:01:09,520 Speaker 1: agreeing and to some extent with Democrats. He wants to 21 00:01:09,560 --> 00:01:12,560 Speaker 1: know where everybody stands on that Green New Deal, obviously 22 00:01:12,640 --> 00:01:18,320 Speaker 1: for very different reasons than Congresswoman Alexandria Acasto Cortes. And 23 00:01:18,400 --> 00:01:21,280 Speaker 1: did you see this a Bloomberg exclusive by my colleagues, 24 00:01:21,520 --> 00:01:26,200 Speaker 1: President Trump tried to undo North Korea's penalty contrary to 25 00:01:26,560 --> 00:01:29,119 Speaker 1: US account. We are going to break it all down 26 00:01:29,160 --> 00:01:32,440 Speaker 1: with an all star panel. Craig Gordon, Bloomberg News Washington 27 00:01:32,520 --> 00:01:34,920 Speaker 1: Bureau Chief is with us for the hour, as is 28 00:01:35,000 --> 00:01:37,759 Speaker 1: Ron bon Jean, his first time on the program. He's 29 00:01:37,760 --> 00:01:40,880 Speaker 1: a partner at Rock Solutions as well as the former 30 00:01:41,000 --> 00:01:45,600 Speaker 1: chief of staff to the Senate Republican Conference. And uh, well, 31 00:01:45,640 --> 00:01:48,600 Speaker 1: he's just a man, a man about Washington who knows 32 00:01:48,680 --> 00:01:52,320 Speaker 1: everyone in every political circle. To the moon. That's what 33 00:01:52,440 --> 00:01:54,680 Speaker 1: Vice President Mike Pence had to say. He wants to 34 00:01:54,720 --> 00:01:56,600 Speaker 1: send Americans back to the moon. I might touch on 35 00:01:56,600 --> 00:01:59,320 Speaker 1: that too, but first, another busy day up on Capitol 36 00:01:59,400 --> 00:02:02,840 Speaker 1: Hill as law makers in both parties continuing to dissect 37 00:02:02,880 --> 00:02:06,000 Speaker 1: the findings of that Mueller report that has yet to 38 00:02:06,080 --> 00:02:09,880 Speaker 1: be made public. But that's not if Democrats have anything 39 00:02:09,919 --> 00:02:12,320 Speaker 1: to say about it. And I guess technically, President Trump, 40 00:02:12,320 --> 00:02:14,560 Speaker 1: who has said that he would be okay with it 41 00:02:14,680 --> 00:02:20,600 Speaker 1: coming out publicly, barring, of course, any national security concerns. 42 00:02:20,680 --> 00:02:23,440 Speaker 1: The President, for his part, was on Capitol Hill today 43 00:02:23,480 --> 00:02:26,000 Speaker 1: to meet with lawmakers. Uh, and he had a lot 44 00:02:26,040 --> 00:02:28,640 Speaker 1: to say in terms of well, where he's hoping to 45 00:02:28,720 --> 00:02:32,800 Speaker 1: take his administration from here on term. In terms of policy, 46 00:02:32,840 --> 00:02:34,680 Speaker 1: he says he wants to talk healthcare. We'll get into 47 00:02:34,760 --> 00:02:38,120 Speaker 1: that in a second coming up later on the program. 48 00:02:38,200 --> 00:02:41,160 Speaker 1: Ron ban Jean is a partner at Rock Solutions. He's 49 00:02:41,160 --> 00:02:44,040 Speaker 1: the former chief of staff to the Senate Republican Conference. 50 00:02:44,320 --> 00:02:50,440 Speaker 1: And Craig Gordon, my boss, the Bloomberg News Washington Bureau chief. Uh, 51 00:02:50,520 --> 00:02:53,520 Speaker 1: he's also with us for the hour, So Craig, President 52 00:02:53,520 --> 00:02:57,119 Speaker 1: Trump day two of No Conspiracy or yeah, day two 53 00:02:57,160 --> 00:03:00,320 Speaker 1: of no Conspiracy. Where did he take it today? Yeah, 54 00:03:00,320 --> 00:03:02,360 Speaker 1: you're read he wanted to talk. It's it's interesting to 55 00:03:02,400 --> 00:03:04,360 Speaker 1: me that both parties seem to want to talk about 56 00:03:04,360 --> 00:03:07,919 Speaker 1: healthcare today. Uh. Pelosi was out yesterday actually even over 57 00:03:07,960 --> 00:03:11,519 Speaker 1: the weekend, putting force some ideas for how to preserve Obamacare. 58 00:03:11,560 --> 00:03:13,880 Speaker 1: There's um Donald Trump up on the hill today talking 59 00:03:13,880 --> 00:03:16,520 Speaker 1: about not preserving Obamacare, but getting rid of it and 60 00:03:16,560 --> 00:03:20,920 Speaker 1: replacing it with something different, better, uh, etcetera. But honestly, 61 00:03:21,000 --> 00:03:23,280 Speaker 1: we don't know what that is from Donald Trump. They 62 00:03:23,320 --> 00:03:25,399 Speaker 1: spent a lot of time talking about how it needs 63 00:03:25,400 --> 00:03:26,800 Speaker 1: to go away, They have not spent a lot of 64 00:03:26,800 --> 00:03:29,600 Speaker 1: time talking about how to replace it. And I actually 65 00:03:29,600 --> 00:03:31,480 Speaker 1: think in a funny way, Donald Trump is playing right 66 00:03:31,480 --> 00:03:35,440 Speaker 1: in the Nancy Pelosi's hands. Um, Obamacare is broadly pretty 67 00:03:35,440 --> 00:03:37,680 Speaker 1: popular out there. People like the idea that you can 68 00:03:37,720 --> 00:03:40,520 Speaker 1: get covered pretty existing conditions. They like the idea your 69 00:03:40,960 --> 00:03:43,800 Speaker 1: dedbee college students can still be on your on your 70 00:03:43,800 --> 00:03:45,960 Speaker 1: health insurance. And Donald Trump seems to want to make 71 00:03:45,960 --> 00:03:47,960 Speaker 1: all that go away. In fact, the administration just came 72 00:03:47,960 --> 00:03:51,840 Speaker 1: out and sort of endorsed a full and complete elimination 73 00:03:51,880 --> 00:03:54,880 Speaker 1: of Obamacare in a court a court cases going on 74 00:03:55,400 --> 00:03:58,280 Speaker 1: out there right now. So Pelosi seems to maybe have 75 00:03:58,360 --> 00:04:00,200 Speaker 1: the winning hand on this one. So I'm not only 76 00:04:00,200 --> 00:04:02,640 Speaker 1: shure what Trump wants to talk about it, especially since 77 00:04:02,680 --> 00:04:06,400 Speaker 1: he's got no plan. Well, that's what's fascinating Ron ban 78 00:04:06,480 --> 00:04:10,800 Speaker 1: Jean is as one of the premier elite u A 79 00:04:10,880 --> 00:04:15,520 Speaker 1: Republican strategists and business savvy strategists here inside of the Beltway, 80 00:04:15,680 --> 00:04:19,320 Speaker 1: is that typically when when a lawmaker will come out 81 00:04:19,360 --> 00:04:21,680 Speaker 1: and say, Okay, this is the policy that we want 82 00:04:21,720 --> 00:04:24,120 Speaker 1: to talk about, in this case healthcare. There's a big 83 00:04:24,240 --> 00:04:28,040 Speaker 1: roll out there. Surah gets on the airwaves, flooding shows 84 00:04:28,120 --> 00:04:31,240 Speaker 1: like sound On on Bloomberg Radio and and whatnot. And 85 00:04:31,320 --> 00:04:35,080 Speaker 1: yet in this particular moment, the President's up on Capitol 86 00:04:35,279 --> 00:04:37,200 Speaker 1: and he says I want to talk about healthcare, and 87 00:04:37,200 --> 00:04:39,960 Speaker 1: and the Republican staffers that were up there in the 88 00:04:39,960 --> 00:04:43,280 Speaker 1: hallway we're looking at me like, wait, what is that is? 89 00:04:43,440 --> 00:04:46,440 Speaker 1: What's the play here? Well, look, this is what Donald 90 00:04:46,480 --> 00:04:49,680 Speaker 1: Trump does. And he put out he said what he 91 00:04:49,720 --> 00:04:52,640 Speaker 1: said today. There's not much policy follow up. This is 92 00:04:52,640 --> 00:04:55,320 Speaker 1: why we had a problem in uh, in the in 93 00:04:55,400 --> 00:05:00,400 Speaker 1: the elections because uh, we didn't have answered healthcare. We 94 00:05:00,480 --> 00:05:03,320 Speaker 1: kept trying to repeal Obamacare, but we had nothing to 95 00:05:03,360 --> 00:05:06,440 Speaker 1: replace it with. If we're going to have talk about healthcare, 96 00:05:06,520 --> 00:05:09,159 Speaker 1: you have to have a plan, you have to have details. 97 00:05:09,560 --> 00:05:12,279 Speaker 1: This is the one of the top issues that voters 98 00:05:12,320 --> 00:05:14,719 Speaker 1: are going to care about going into And I get 99 00:05:15,160 --> 00:05:17,800 Speaker 1: why President Trump wanted to talk about it. He wants 100 00:05:17,800 --> 00:05:20,040 Speaker 1: to turn the page from he wants to talk about 101 00:05:20,160 --> 00:05:23,240 Speaker 1: what he's for. But you have to get underneath the 102 00:05:23,279 --> 00:05:25,640 Speaker 1: sound bite, you have to start talking about how that's 103 00:05:25,680 --> 00:05:29,840 Speaker 1: going to provide access to medicine, how it's going to 104 00:05:29,880 --> 00:05:33,599 Speaker 1: help save Americans money, um and help people live better lives. 105 00:05:33,600 --> 00:05:35,880 Speaker 1: I was struck. I was struck by this Ron and 106 00:05:35,880 --> 00:05:40,320 Speaker 1: Craig because I think the President can't wait to talk 107 00:05:40,360 --> 00:05:42,960 Speaker 1: about Bob Muller some more, and can't wait to talk 108 00:05:43,000 --> 00:05:46,800 Speaker 1: about the findings of no conspiracy, uh. And and we're 109 00:05:46,839 --> 00:05:49,000 Speaker 1: going to hear from him, I believe, in prime time 110 00:05:49,000 --> 00:05:53,120 Speaker 1: on Tomorrow, Thursday night, when he heads to Michigan to 111 00:05:53,240 --> 00:05:55,240 Speaker 1: have a campaign style rally. I mean you kind of 112 00:05:55,240 --> 00:05:58,240 Speaker 1: get the sense from even stafford, senior level staffers at 113 00:05:58,240 --> 00:06:00,320 Speaker 1: the White House, but also some of the more junior ones. 114 00:06:00,640 --> 00:06:04,440 Speaker 1: It really gives this celebratory, almost like an election night 115 00:06:04,560 --> 00:06:08,760 Speaker 1: feel where they won against this it. It really has 116 00:06:08,839 --> 00:06:12,240 Speaker 1: been a remarkable uh story to cover in this sense 117 00:06:12,279 --> 00:06:16,840 Speaker 1: that this this shadow, this cloud that has been over them. 118 00:06:17,040 --> 00:06:19,200 Speaker 1: They feel they're out of the woods. Democrats say, hey, 119 00:06:19,240 --> 00:06:21,200 Speaker 1: not so fast. I want to play for you, Craig. 120 00:06:21,440 --> 00:06:24,640 Speaker 1: What President Trump had to say about the Mueller Report 121 00:06:24,839 --> 00:06:28,800 Speaker 1: earlier today. Here's the President of the United States. Report 122 00:06:29,000 --> 00:06:32,119 Speaker 1: was great. It could not have been better. It said 123 00:06:32,600 --> 00:06:36,120 Speaker 1: no obstruction, no collusion. It could not have been better. 124 00:06:37,120 --> 00:06:41,360 Speaker 1: So he's saying it could not have been better. Agree, Uh, 125 00:06:41,400 --> 00:06:43,080 Speaker 1: it'd be hard for it to be much better for 126 00:06:43,120 --> 00:06:46,120 Speaker 1: Donald Trump. Obviously, we all know by now that Robert 127 00:06:46,200 --> 00:06:49,039 Speaker 1: Mueller left a little bit of a trapdoor in there 128 00:06:49,040 --> 00:06:50,760 Speaker 1: for the president where he said, I'm not going to 129 00:06:50,880 --> 00:06:53,640 Speaker 1: charge the president with obstruction of justice, nor am I 130 00:06:53,680 --> 00:06:57,000 Speaker 1: going to exonerate him. I have to say, forty eight 131 00:06:57,000 --> 00:06:59,039 Speaker 1: hours after that report or the bar version of that 132 00:06:59,040 --> 00:07:00,960 Speaker 1: report came out, Boy, that feels like a pretty big 133 00:07:01,000 --> 00:07:04,080 Speaker 1: win for Donald Trump. Um. Democrats will use that little 134 00:07:04,120 --> 00:07:06,320 Speaker 1: sliver of daylight there to try to run through it, 135 00:07:06,360 --> 00:07:09,000 Speaker 1: to try to say, see, even Mueller couldn't say he 136 00:07:09,000 --> 00:07:11,160 Speaker 1: was totally cleared. But, boy, I tell you, I think 137 00:07:11,200 --> 00:07:14,120 Speaker 1: a lot of the country will probably take the view. Look, 138 00:07:14,200 --> 00:07:17,040 Speaker 1: you you democrats all told us Robert Mueller was the man. 139 00:07:17,200 --> 00:07:19,520 Speaker 1: He's the best guy for the job. He's a straight arrow, 140 00:07:19,560 --> 00:07:22,640 Speaker 1: he's a total you know, prosecutor's prosecutor. He had two years, 141 00:07:22,720 --> 00:07:25,440 Speaker 1: he took his best shot. He couldn't find anything. I 142 00:07:25,440 --> 00:07:26,840 Speaker 1: think a lot of the country is gonna think it's 143 00:07:26,840 --> 00:07:28,760 Speaker 1: time to move on. Obviously, in the left, you know, 144 00:07:28,840 --> 00:07:31,280 Speaker 1: liberal base of the Democratic Party, they're still gonna be 145 00:07:31,280 --> 00:07:33,120 Speaker 1: a little bit of blood lust for Trump. But I 146 00:07:33,240 --> 00:07:35,400 Speaker 1: have to say, for kind of the average voter out 147 00:07:35,400 --> 00:07:38,000 Speaker 1: there that's trying to think about you know, jobs, wages, 148 00:07:38,080 --> 00:07:40,400 Speaker 1: healthcare of those things, this is gonna feel like ancient 149 00:07:40,400 --> 00:07:43,800 Speaker 1: history pretty quick. See. And and it's fascinating because now 150 00:07:43,840 --> 00:07:46,080 Speaker 1: we hear that Attorney General William Barr is gonna be 151 00:07:46,120 --> 00:07:50,040 Speaker 1: testifying publicly in the coming weeks. We've got this new 152 00:07:50,080 --> 00:07:52,880 Speaker 1: development within the last updated within the last hour, that 153 00:07:53,440 --> 00:07:57,200 Speaker 1: Mr Barr is planning to take weeks, not months, weeks 154 00:07:57,560 --> 00:07:59,880 Speaker 1: to do the next Mueller reports, as if the Republicans 155 00:07:59,920 --> 00:08:01,720 Speaker 1: are saying, game on, you want to come after us, 156 00:08:01,760 --> 00:08:05,440 Speaker 1: We're gonna come after. We're gonna investigate the investigation. But 157 00:08:05,560 --> 00:08:07,480 Speaker 1: here's what Speaker of the House Nancy Pelosi had to 158 00:08:07,520 --> 00:08:11,120 Speaker 1: say here she is I think that report was clear. 159 00:08:11,240 --> 00:08:14,560 Speaker 1: The president is not a genre. So we know where 160 00:08:14,560 --> 00:08:18,640 Speaker 1: the battle lines are ron in terms of what Republicans 161 00:08:18,640 --> 00:08:21,920 Speaker 1: are saying, what Democrats are saying. But from a strategic standpoint, 162 00:08:21,960 --> 00:08:25,160 Speaker 1: is it wise for one Republicans and the President to 163 00:08:25,240 --> 00:08:28,280 Speaker 1: continue to talk about this and too for Democrats to 164 00:08:28,320 --> 00:08:30,120 Speaker 1: continue to talk about this. We've got a little less 165 00:08:30,120 --> 00:08:31,880 Speaker 1: than a minute left. If I were the Democrats, I'd 166 00:08:31,880 --> 00:08:33,760 Speaker 1: want to turn the page as quickly as possible and 167 00:08:33,800 --> 00:08:36,640 Speaker 1: start talking about issues that matter to Americans instead of 168 00:08:36,640 --> 00:08:39,959 Speaker 1: continuing to go down the rabbit hole needlessly. After the 169 00:08:40,040 --> 00:08:43,079 Speaker 1: Mueller report has come out and everybody can see that 170 00:08:43,120 --> 00:08:45,480 Speaker 1: it's a nothing burger for the Trump administration. Now, if 171 00:08:45,720 --> 00:08:48,720 Speaker 1: your Republicans, you have to put up an offense. You 172 00:08:48,760 --> 00:08:50,439 Speaker 1: have to say that we are right. You have to 173 00:08:50,520 --> 00:08:54,240 Speaker 1: kind of bracket these guys um you know from but 174 00:08:54,240 --> 00:08:56,880 Speaker 1: but but at the same time, eventually they're gonna have 175 00:08:56,880 --> 00:08:59,400 Speaker 1: to pivot too. I get why Donald Trump wants to 176 00:08:59,400 --> 00:09:02,840 Speaker 1: do some rally same high five America that it's time 177 00:09:02,920 --> 00:09:04,440 Speaker 1: that he was right and it's time to move on. 178 00:09:04,559 --> 00:09:07,959 Speaker 1: It makes sense because that's a win, and a win 179 00:09:08,080 --> 00:09:10,719 Speaker 1: needs to be celebrated. Once that's done, we need to 180 00:09:10,800 --> 00:09:13,200 Speaker 1: keep movement. You said, bracketts, My mind went to March 181 00:09:13,240 --> 00:09:18,240 Speaker 1: Mandainess Madison, Wisconsin's finest everybody. Ron bong Jean is first 182 00:09:18,240 --> 00:09:20,640 Speaker 1: time on the program. He's with us for the hour. 183 00:09:20,720 --> 00:09:23,240 Speaker 1: He's a partner at Rock Solutions, a former chief of 184 00:09:23,280 --> 00:09:26,280 Speaker 1: staff to the Senate Republican Conference, and of course the Boss, 185 00:09:26,559 --> 00:09:30,480 Speaker 1: Craig Gordon, Bloomberg News Washington Bureau Chief panel stays we 186 00:09:30,559 --> 00:09:33,920 Speaker 1: talked much more policy coming up. You can download the 187 00:09:33,960 --> 00:09:37,680 Speaker 1: Sound on podcast on Apple iTunes, at Bloomberg dot com, 188 00:09:37,880 --> 00:09:40,800 Speaker 1: or by downloading the Bloomberg Business app. You can also 189 00:09:40,880 --> 00:09:43,120 Speaker 1: check us out on Radio dot com, as well as 190 00:09:43,360 --> 00:09:47,120 Speaker 1: my colleagues on I Heart Radio. I'm Kevin CURRELLI you're 191 00:09:47,160 --> 00:09:54,439 Speaker 1: listening to Bloomberg. Is sound on matter we need to 192 00:09:54,480 --> 00:09:56,480 Speaker 1: talk about? Did you call me to chit chat or 193 00:09:56,520 --> 00:09:59,079 Speaker 1: is there an actual emergency. I'm here to exceed your 194 00:09:59,120 --> 00:10:01,480 Speaker 1: expectations in your chief. I don't think we should talk 195 00:10:01,559 --> 00:10:02,839 Speaker 1: right out here in the open, Chief. I think we 196 00:10:02,840 --> 00:10:05,600 Speaker 1: should use the phone of silence, Jack with the sheet 197 00:10:05,640 --> 00:10:11,200 Speaker 1: with Kevin's really and Bloomberg's Washington Bureau chee go on 198 00:10:11,280 --> 00:10:15,040 Speaker 1: Bloomberg one and one oh seven of m h D 199 00:10:15,160 --> 00:10:20,720 Speaker 1: two Boltomore. That music never ever ever gets old. It's like, 200 00:10:20,760 --> 00:10:23,280 Speaker 1: you know a man who needs no introduction, But Craig Gordon, 201 00:10:23,360 --> 00:10:26,319 Speaker 1: Bloomberg News, Washington d C Bureau Chief, if you're gonna 202 00:10:26,400 --> 00:10:30,000 Speaker 1: have an introduction, I think that would be quite the 203 00:10:30,040 --> 00:10:32,600 Speaker 1: introduction to have green day man, go, go for it. 204 00:10:32,720 --> 00:10:36,240 Speaker 1: Don't forget South Park. Yeah, that was added in in 205 00:10:36,280 --> 00:10:39,400 Speaker 1: the in the I don't remember clearing that version of it, 206 00:10:39,520 --> 00:10:43,199 Speaker 1: but you know, let you know, I'm hard to stay mad. 207 00:10:45,200 --> 00:10:48,160 Speaker 1: Greig Gordon. This year, there's our colleagues had a massive 208 00:10:48,200 --> 00:10:52,120 Speaker 1: scoop today. Slay up Jennifer Jacobs and Nick Wadhams. This 209 00:10:52,200 --> 00:10:54,720 Speaker 1: is a fascinating story. I'm gonna read from the from 210 00:10:54,720 --> 00:10:57,679 Speaker 1: the top line of it. President Trump last week intended 211 00:10:57,760 --> 00:11:02,439 Speaker 1: to reverse sanctions imposed on two Chinese shipping companies accused 212 00:11:02,440 --> 00:11:06,960 Speaker 1: of violating North Korea trade prohibitions, until officials in his 213 00:11:07,000 --> 00:11:10,839 Speaker 1: administration persuaded him to back off, and then devised a 214 00:11:10,920 --> 00:11:14,880 Speaker 1: misleading explanation of his vague tweet announcing the move. So 215 00:11:14,920 --> 00:11:18,400 Speaker 1: there's been so much back and forth in terms of 216 00:11:18,559 --> 00:11:22,920 Speaker 1: the President's North Korea policy. Yeah, I mean, look, when 217 00:11:22,920 --> 00:11:26,120 Speaker 1: this tweet landed, we really honestly did not know what 218 00:11:26,160 --> 00:11:29,320 Speaker 1: he was talking about. He talked about the removal or 219 00:11:29,320 --> 00:11:33,000 Speaker 1: the withdrawal of additional large scale sanctions, and you know, 220 00:11:33,120 --> 00:11:35,400 Speaker 1: we covered the stuff pretty closely. We kind of felt 221 00:11:35,400 --> 00:11:37,280 Speaker 1: like we would have noticed if the United States had 222 00:11:37,320 --> 00:11:40,280 Speaker 1: dropped some new sanctions on Kim Jongan's head. They had 223 00:11:40,360 --> 00:11:43,080 Speaker 1: not What they had done was ordered to Chinese shipping 224 00:11:43,080 --> 00:11:46,200 Speaker 1: companies that were sort of illegally sort of trafficking oil 225 00:11:46,640 --> 00:11:49,720 Speaker 1: into North Korea to to stand down. And we said, 226 00:11:49,760 --> 00:11:51,640 Speaker 1: that can't be what he's talking about. Well, that's exactly 227 00:11:51,640 --> 00:11:54,000 Speaker 1: what he was talking about. And the White House spent 228 00:11:54,040 --> 00:11:55,840 Speaker 1: a lot of time that day. First they wouldn't answer 229 00:11:55,840 --> 00:11:57,920 Speaker 1: any questions about it from US or other media outlets, 230 00:11:58,160 --> 00:12:00,520 Speaker 1: and then later they gave us an explanation that's no, no, no, 231 00:12:00,640 --> 00:12:03,200 Speaker 1: he wasn't trying to reverse those um sanctions. But then 232 00:12:03,240 --> 00:12:05,840 Speaker 1: it really gave us a clear explanation. We now know 233 00:12:05,960 --> 00:12:08,160 Speaker 1: that's exactly what Donald Trump wanted to do. He wanted 234 00:12:08,200 --> 00:12:11,280 Speaker 1: to erase those sanctions on those Chinese shipping companies as 235 00:12:11,280 --> 00:12:12,880 Speaker 1: a way too, as a sort of a show good 236 00:12:12,880 --> 00:12:15,600 Speaker 1: faith to Kim Jong un. Why the White House couldn't 237 00:12:15,640 --> 00:12:16,880 Speaker 1: just tell us that in the first place was a 238 00:12:16,880 --> 00:12:19,160 Speaker 1: little confusing to us. But we have no fewer than 239 00:12:19,200 --> 00:12:22,040 Speaker 1: five sources now giving us the straight scoop on that, 240 00:12:22,200 --> 00:12:24,600 Speaker 1: and that was a terrific little story for US today. 241 00:12:24,679 --> 00:12:28,200 Speaker 1: Craig Gordon, Washington d C Bureau Chief, he's mentioning the 242 00:12:28,200 --> 00:12:33,080 Speaker 1: White House response regarding the president's apparent uh just change 243 00:12:33,120 --> 00:12:36,560 Speaker 1: of the North Korea policy in terms of how this 244 00:12:36,600 --> 00:12:38,920 Speaker 1: has been developed via his Twitter account, I want to 245 00:12:38,920 --> 00:12:41,440 Speaker 1: play for you what Craig just alluded to, which is 246 00:12:41,440 --> 00:12:43,440 Speaker 1: what the White House had to say about this on Monday. 247 00:12:43,480 --> 00:12:47,760 Speaker 1: Here's White House Press Secretary Sarah Sanders on North Korea policy. 248 00:12:47,800 --> 00:12:51,520 Speaker 1: Here she is the sanctions that were in place before 249 00:12:51,920 --> 00:12:54,960 Speaker 1: are certainly still on. They are very tough sanctions. The 250 00:12:55,000 --> 00:12:57,880 Speaker 1: President just doesn't feel it's necessary to add additional sanctions 251 00:12:57,920 --> 00:13:00,600 Speaker 1: at this time. So there you have in terms of 252 00:13:00,640 --> 00:13:03,760 Speaker 1: the sanctions are remaining on North Korea. Where this gets 253 00:13:03,960 --> 00:13:07,920 Speaker 1: particularly even more interesting and why it is so newsworthy 254 00:13:07,960 --> 00:13:11,840 Speaker 1: and the scoop is so illustrative of taking us really 255 00:13:11,920 --> 00:13:15,080 Speaker 1: inside of the one on one between President Trump and 256 00:13:15,120 --> 00:13:17,760 Speaker 1: North Korea Chairman Kim Jong Noon, is that remember, folks, 257 00:13:18,080 --> 00:13:22,400 Speaker 1: when they met in Vietnam, there was a private conversation 258 00:13:22,559 --> 00:13:26,040 Speaker 1: with a translator, and there's a lot of chatter about, 259 00:13:26,200 --> 00:13:29,560 Speaker 1: you know, where is the transcripts and whatnot. And we 260 00:13:29,640 --> 00:13:32,520 Speaker 1: hear these types of discourse every time the President does 261 00:13:32,559 --> 00:13:35,240 Speaker 1: have those one on ones with translators. Uh In the 262 00:13:35,320 --> 00:13:38,679 Speaker 1: last case with Russia, President Vladimir Putin, and so with 263 00:13:38,720 --> 00:13:43,280 Speaker 1: this particular case on North Korea, President Trump supporters would say, well, 264 00:13:43,320 --> 00:13:45,280 Speaker 1: this is the new way of doing business. It's a 265 00:13:45,320 --> 00:13:47,440 Speaker 1: one on one. This is a sign of strength. He's 266 00:13:47,480 --> 00:13:51,840 Speaker 1: going to negotiate on his own. But it's also maybe 267 00:13:51,880 --> 00:13:55,360 Speaker 1: a clue into what the US was hoping would have 268 00:13:55,440 --> 00:14:00,840 Speaker 1: happened in Vietnam and ultimately did not happen. Yeah, you 269 00:14:00,880 --> 00:14:03,000 Speaker 1: have a sense that um coming out of the first 270 00:14:03,040 --> 00:14:06,600 Speaker 1: summit in Singapore, that there was at least some movement 271 00:14:06,600 --> 00:14:09,760 Speaker 1: toward a possible deal. Obviously, Trump can say rightly that 272 00:14:09,840 --> 00:14:12,240 Speaker 1: Kim Joan has not fired off any missile tests, He's 273 00:14:12,280 --> 00:14:15,200 Speaker 1: not done any more nuclear testing underground. That's good. That's 274 00:14:15,200 --> 00:14:18,040 Speaker 1: obviously better than him continuing to do it. You do 275 00:14:18,120 --> 00:14:20,880 Speaker 1: have a sense after Vietnam, though, that Trump and Kim 276 00:14:20,880 --> 00:14:24,200 Speaker 1: went in that room and Kim made an offer. We 277 00:14:24,240 --> 00:14:27,880 Speaker 1: know the offer included possibly stopping some of the shutting 278 00:14:27,880 --> 00:14:29,560 Speaker 1: down one of the missile sites if the US would 279 00:14:29,560 --> 00:14:32,320 Speaker 1: live sancing. Since Trump said no, Kim kind of went 280 00:14:32,320 --> 00:14:34,760 Speaker 1: off and half. And so there's a chance right now 281 00:14:34,840 --> 00:14:37,680 Speaker 1: that that whatever tiny little green shoots of hope for 282 00:14:37,720 --> 00:14:40,520 Speaker 1: a deal where there have now been stomped. Um. I 283 00:14:40,560 --> 00:14:42,800 Speaker 1: think you know, we're all kind of used to Donald 284 00:14:42,800 --> 00:14:45,280 Speaker 1: Trump's way of doing business to two years and change 285 00:14:45,280 --> 00:14:48,000 Speaker 1: into his presidency. But you can never be overstated. This 286 00:14:48,080 --> 00:14:49,800 Speaker 1: is not how foreign policy has done. You don't do 287 00:14:49,840 --> 00:14:52,480 Speaker 1: it through tweets. You do it through careful negotiations with 288 00:14:52,600 --> 00:14:55,480 Speaker 1: your experts around you. Remember this tweet came in the 289 00:14:55,520 --> 00:14:57,680 Speaker 1: hours before we knew the Muller report was going to land. 290 00:14:57,760 --> 00:14:59,360 Speaker 1: It was a fair to call that a tweet storm. 291 00:14:59,600 --> 00:15:01,360 Speaker 1: Trump throwing a lot of stuff against the wall to 292 00:15:01,400 --> 00:15:03,800 Speaker 1: see what would stick. And we now know the White 293 00:15:03,800 --> 00:15:05,640 Speaker 1: House had to kind of try to clean up, clean 294 00:15:05,720 --> 00:15:07,480 Speaker 1: up his mask. But see, you know why else? I 295 00:15:07,800 --> 00:15:11,280 Speaker 1: find this story so interesting and it's it's not a 296 00:15:11,320 --> 00:15:15,120 Speaker 1: critique or a compliment, but it's just interesting because for 297 00:15:15,280 --> 00:15:19,760 Speaker 1: months we've been reporting that that the trade talks between 298 00:15:19,760 --> 00:15:22,080 Speaker 1: the U. S. And China had nothing to do folks 299 00:15:22,440 --> 00:15:26,080 Speaker 1: with North Korea, that they were entirely separate, and then 300 00:15:26,080 --> 00:15:28,560 Speaker 1: this story just essentially says, yet, not so fast, the 301 00:15:28,640 --> 00:15:32,960 Speaker 1: Chinese are, without questions, so interconnected to to the to 302 00:15:33,080 --> 00:15:36,120 Speaker 1: the North Korea denuclearization talks. Is everyone knows. I mean, 303 00:15:36,160 --> 00:15:38,000 Speaker 1: it's it's it's not a secret at all. And what 304 00:15:38,080 --> 00:15:41,320 Speaker 1: our colleagues at Bloomberg scooping today is that President Trump 305 00:15:41,400 --> 00:15:45,400 Speaker 1: intended to reverse sanctions imposed on two Chinese shipping companies 306 00:15:45,600 --> 00:15:51,000 Speaker 1: accused of violating North Korea trade keyword trade prohibitions. Rom 307 00:15:51,040 --> 00:15:54,520 Speaker 1: Ban Jean is a partner at Rock Solutions. He's a 308 00:15:54,520 --> 00:16:00,400 Speaker 1: former UH communications director UH for former Chief the Staff. 309 00:16:00,440 --> 00:16:03,920 Speaker 1: I apologized run former chief of staff to the Senate 310 00:16:03,960 --> 00:16:09,000 Speaker 1: Republican Conference under Senator John Kyle. And so where do 311 00:16:09,040 --> 00:16:11,840 Speaker 1: we go from here? Because but in terms of the 312 00:16:12,240 --> 00:16:15,760 Speaker 1: North Korea denuclearization talks, because my mind when I read 313 00:16:15,800 --> 00:16:20,680 Speaker 1: this story was also into what was playing domestically during 314 00:16:20,720 --> 00:16:25,560 Speaker 1: these talks, which was Michael Cohen testifying before Congress and 315 00:16:25,600 --> 00:16:29,960 Speaker 1: more importantly arguably on every television network as this was happening, 316 00:16:29,960 --> 00:16:31,840 Speaker 1: and there was chatter as to whether or not the 317 00:16:31,880 --> 00:16:35,840 Speaker 1: President was weakened while he was abroad because of what 318 00:16:35,880 --> 00:16:38,760 Speaker 1: was happening here domestically from the Mueller report. So round 319 00:16:38,800 --> 00:16:41,200 Speaker 1: three with Trump and Kim Jong Un? Is this an 320 00:16:41,240 --> 00:16:44,120 Speaker 1: in bolden Trump because Mueller has been lifted the Mueller cloud. Well, 321 00:16:44,160 --> 00:16:46,480 Speaker 1: I will say this, I'm really glad that Trump didn't 322 00:16:46,520 --> 00:16:48,920 Speaker 1: cut a deal to cut a deal to announce that 323 00:16:48,960 --> 00:16:52,280 Speaker 1: he had something to be victorious, and you know when 324 00:16:52,360 --> 00:16:54,240 Speaker 1: we would have been sharp changed out of it. And 325 00:16:54,280 --> 00:16:57,400 Speaker 1: so I think, you know, when you have such a 326 00:16:57,480 --> 00:16:59,640 Speaker 1: high profile meeting like that, you want to have some 327 00:16:59,720 --> 00:17:03,120 Speaker 1: kind of result that you walk away with. But in 328 00:17:03,120 --> 00:17:06,240 Speaker 1: this case, walking away with the thing was probably the 329 00:17:06,280 --> 00:17:09,639 Speaker 1: best result. Um. Having said all that, it's hard to 330 00:17:09,640 --> 00:17:11,920 Speaker 1: see where this goes from here. I could see him 331 00:17:11,920 --> 00:17:15,879 Speaker 1: doing another meeting later this summer. You know, it's not 332 00:17:15,920 --> 00:17:17,960 Speaker 1: out of the out of question. He loves these big 333 00:17:18,000 --> 00:17:21,679 Speaker 1: moments and having this big moments when he wants to 334 00:17:21,760 --> 00:17:25,320 Speaker 1: have the narrative go his way. Um, you know, when 335 00:17:25,359 --> 00:17:27,320 Speaker 1: now that the Muller skis are clear, you could see 336 00:17:27,359 --> 00:17:29,440 Speaker 1: him wanting to do over. I'm just not sure where 337 00:17:29,440 --> 00:17:31,280 Speaker 1: it goes at this point, but I will say this 338 00:17:31,400 --> 00:17:34,639 Speaker 1: on the foreign policy track, it's interesting on on the 339 00:17:34,720 --> 00:17:37,280 Speaker 1: sanctions that you guys were talking about, as well as 340 00:17:37,320 --> 00:17:41,040 Speaker 1: the Syria troops, both have patterns of Trump forward leaning 341 00:17:41,400 --> 00:17:44,280 Speaker 1: and then being pulled back by his administration. I find 342 00:17:44,280 --> 00:17:46,080 Speaker 1: that really fascinating. Yeah, that is that is That's a 343 00:17:46,119 --> 00:17:49,560 Speaker 1: great great point. Coming up, we talked domestic politics, Green 344 00:17:49,640 --> 00:17:53,720 Speaker 1: New Deal, State Majority leader Mitch McConnell wanted to vote 345 00:17:53,720 --> 00:17:56,760 Speaker 1: and he got one. Panel stays Ron Bon, Jean Craig Gordon. 346 00:17:56,880 --> 00:17:59,920 Speaker 1: I'm Kevin Crelli. You can download the sound on pot 347 00:18:00,080 --> 00:18:03,239 Speaker 1: cast on Apple iTunes, at Bloomberg dot com, or by 348 00:18:03,280 --> 00:18:06,399 Speaker 1: downloading the Bloomberg Business app. You can also check us 349 00:18:06,440 --> 00:18:09,640 Speaker 1: out on Radio dot com and I Heart Radio. You're 350 00:18:09,720 --> 00:18:18,879 Speaker 1: listening to Bloomberg. This is sound on with Kevin's Really 351 00:18:19,280 --> 00:18:26,160 Speaker 1: on Bloomberg and one seven m h D two Baltimore, Tuesday. Folks, 352 00:18:26,200 --> 00:18:30,800 Speaker 1: hope your bracket is going well. We're talking about hosts 353 00:18:30,800 --> 00:18:34,000 Speaker 1: of different Mueller fall out. Will the Mueller report eventually 354 00:18:34,480 --> 00:18:39,280 Speaker 1: be made public? President Trump says, hey release it, but 355 00:18:39,480 --> 00:18:43,199 Speaker 1: Speaker of the House Nancy Pelosi as well as presidential 356 00:18:43,240 --> 00:18:46,360 Speaker 1: candidates all saying that they want that report made public 357 00:18:46,440 --> 00:18:52,159 Speaker 1: as soon as possible. Meanwhile, more intrigue really into the 358 00:18:52,160 --> 00:18:56,000 Speaker 1: President's policies on North Korea following this Bloomberg exclusive by 359 00:18:56,000 --> 00:18:59,040 Speaker 1: my colleagues uh Slamos and Jennifer Jacobs and Nick Wadhams. 360 00:18:59,040 --> 00:19:03,280 Speaker 1: They're reporting that the President intended to reverse sanctions imposed 361 00:19:03,280 --> 00:19:07,200 Speaker 1: on two Chinese shipping companies accused of violating North Korea 362 00:19:07,280 --> 00:19:11,840 Speaker 1: trade prohibitions, but then his administration got him to back off. 363 00:19:11,960 --> 00:19:16,040 Speaker 1: And of course, trade talks another major major development today 364 00:19:16,119 --> 00:19:21,040 Speaker 1: as the business community, particularly automakers, descended upon Capitol Hill, 365 00:19:21,400 --> 00:19:25,080 Speaker 1: Treasury Secretary Manution in US Trade Representative Lightheiser are over 366 00:19:25,119 --> 00:19:29,560 Speaker 1: negotiating with the Chinese in terms of the ongoing US 367 00:19:29,680 --> 00:19:33,400 Speaker 1: China trade talks, but auto CEO is nervous about tariffs, 368 00:19:33,440 --> 00:19:38,760 Speaker 1: particularly increasing tariffs on imports here into the US. I 369 00:19:38,800 --> 00:19:42,160 Speaker 1: was able to interview Tom Doll, he is the CEO 370 00:19:42,400 --> 00:19:46,640 Speaker 1: of Subaru in America. They're out of Camden, New Jersey headquarters, 371 00:19:47,080 --> 00:19:51,040 Speaker 1: about all of these developments as he was meeting with Republicans, 372 00:19:51,040 --> 00:19:54,359 Speaker 1: in particular trying to get Republicans to get President Trump 373 00:19:54,440 --> 00:19:57,040 Speaker 1: to reverse course on those tariffs. Here's a portion of 374 00:19:57,119 --> 00:20:00,560 Speaker 1: my interview with him that aired earlier today on Bloomberg Television. 375 00:20:01,280 --> 00:20:03,920 Speaker 1: Nobody really wants these terrorists. They're they're they're not good 376 00:20:03,920 --> 00:20:06,240 Speaker 1: for the consumer. Ultimately, the price of the car has 377 00:20:06,280 --> 00:20:08,199 Speaker 1: to go up, and you know, depending upon who you 378 00:20:08,240 --> 00:20:10,400 Speaker 1: listen to, the effect could be anywhere from five thousands 379 00:20:10,440 --> 00:20:12,760 Speaker 1: or seven thousand dollars on the high end, raising the 380 00:20:12,840 --> 00:20:14,919 Speaker 1: monthly payment that somebody would have to pay for a 381 00:20:15,000 --> 00:20:17,520 Speaker 1: vehicle from say five hund fifty dollars a month, but 382 00:20:17,520 --> 00:20:19,240 Speaker 1: it might be by another hundred and twenty five dollars 383 00:20:19,240 --> 00:20:21,600 Speaker 1: a month to six d seventy five, maybe just seven 384 00:20:21,720 --> 00:20:24,520 Speaker 1: hundred dollars that somebody's mortgage payment. Somebody's mortgage payment. And 385 00:20:24,520 --> 00:20:27,960 Speaker 1: it really shows I think the middle class argument here 386 00:20:28,000 --> 00:20:29,480 Speaker 1: because I think a lot of times we take the 387 00:20:29,520 --> 00:20:31,159 Speaker 1: top line view, but this would have an impact with 388 00:20:31,240 --> 00:20:34,280 Speaker 1: what you're saying on on consumers in the middle flats 389 00:20:34,280 --> 00:20:35,840 Speaker 1: and not just the top line new you bet, I 390 00:20:35,840 --> 00:20:38,160 Speaker 1: mean in terms of affordability of vehicles. I mean, who's 391 00:20:38,160 --> 00:20:39,800 Speaker 1: gonna be able to forward? I mean there's estimates that 392 00:20:39,880 --> 00:20:42,760 Speaker 1: potentially the size of the market could contract anywhere from 393 00:20:42,800 --> 00:20:45,800 Speaker 1: two to three million vehicles should these terrorists be fully implemented. 394 00:20:45,880 --> 00:20:48,800 Speaker 1: I was going through the numbers for before this interview, 395 00:20:48,800 --> 00:20:53,000 Speaker 1: eighties seven consecutive year over year growth for Subaru. Do 396 00:20:53,080 --> 00:20:56,080 Speaker 1: you think that that becomes at risk should these Section 397 00:20:56,160 --> 00:20:59,520 Speaker 1: two thirty two tariffs go into effect. There's no question 398 00:20:59,520 --> 00:21:02,240 Speaker 1: about it, because because ultimately what could happen is the 399 00:21:02,240 --> 00:21:04,760 Speaker 1: prices of the cars go up, and therefore, how do 400 00:21:04,800 --> 00:21:06,960 Speaker 1: you put people into payments? Most people that are buying 401 00:21:06,960 --> 00:21:09,240 Speaker 1: either on a lease or alone, not paying cash for 402 00:21:09,320 --> 00:21:12,360 Speaker 1: the vehicle, so the monthly payment becomes critical. And then 403 00:21:13,119 --> 00:21:15,480 Speaker 1: it's not just in terms of the federal regulations. There's 404 00:21:15,520 --> 00:21:19,200 Speaker 1: also this brewing battle over in California in particular about 405 00:21:19,600 --> 00:21:23,359 Speaker 1: environmental standard the auto industry is, you know firsthand, is 406 00:21:23,680 --> 00:21:26,879 Speaker 1: really back in in the middle of that, urging the 407 00:21:26,920 --> 00:21:30,159 Speaker 1: federal government to follow. I would argue, California's leave. What 408 00:21:30,160 --> 00:21:31,919 Speaker 1: can you tell us about where that issue stands? Well, 409 00:21:31,960 --> 00:21:34,560 Speaker 1: obviously we will like a fifty state solution, whether it's 410 00:21:34,600 --> 00:21:37,840 Speaker 1: the California regulations or the federal regulations, but probably somewhere 411 00:21:37,840 --> 00:21:40,879 Speaker 1: in between is best for the out industry in general. 412 00:21:41,040 --> 00:21:43,479 Speaker 1: So we're hopeful that the administration in the California can 413 00:21:43,520 --> 00:21:45,800 Speaker 1: reach some type of a compromise. And then when you're 414 00:21:45,880 --> 00:21:49,000 Speaker 1: up here, what is the next moment in terms of 415 00:21:49,080 --> 00:21:51,320 Speaker 1: if if for all of the trade watchers up of 416 00:21:51,440 --> 00:21:54,040 Speaker 1: Wall Street or even here in the Beltway or over 417 00:21:54,080 --> 00:21:57,159 Speaker 1: in Europe, what is the next key deadline for section 418 00:21:57,200 --> 00:22:00,320 Speaker 1: to thirty two that we should all be watching out for. Well, 419 00:22:00,359 --> 00:22:03,800 Speaker 1: I'm hopeful that whether it's Congress or the President, that 420 00:22:03,920 --> 00:22:06,119 Speaker 1: they come to the conclusion that these towers are not 421 00:22:06,240 --> 00:22:09,720 Speaker 1: necessary for full and vibrant trade for that to happen, 422 00:22:09,760 --> 00:22:13,720 Speaker 1: whether between EU and China, Mexico, Canada. And is there 423 00:22:13,760 --> 00:22:16,880 Speaker 1: a way for Congress to maybe pressure the president should 424 00:22:16,920 --> 00:22:19,760 Speaker 1: he continue to follow through to back off of these 425 00:22:19,800 --> 00:22:22,399 Speaker 1: Section three thirty declarations or were certainly hopeful that the 426 00:22:22,400 --> 00:22:24,480 Speaker 1: members of Congress will continue to keep pressure on the 427 00:22:24,480 --> 00:22:26,920 Speaker 1: President to make them understand the impact. I mean from 428 00:22:26,920 --> 00:22:31,639 Speaker 1: agricultural products to automobiles. It affects everything. And so when 429 00:22:31,680 --> 00:22:34,680 Speaker 1: you've been up here, have you found a accepted audience. Yes, 430 00:22:34,760 --> 00:22:37,520 Speaker 1: we have our Congress folks, and the Congress people have 431 00:22:37,560 --> 00:22:39,600 Speaker 1: been very receptive to the message that we have and 432 00:22:39,600 --> 00:22:42,359 Speaker 1: they're concerned. Whether you come from an agricultural state or 433 00:22:42,359 --> 00:22:45,200 Speaker 1: an industrial state, everyone's concerned about the taris and the 434 00:22:45,240 --> 00:22:47,600 Speaker 1: impact that these tarwiers are going to have one consumers. 435 00:22:47,640 --> 00:22:49,360 Speaker 1: I've had one more question for you. I can't believe 436 00:22:49,400 --> 00:22:53,679 Speaker 1: I'm gonna ask you it are subers a national security threat? 437 00:22:53,960 --> 00:22:56,159 Speaker 1: Of course not. In fact, we'd like to think of 438 00:22:56,200 --> 00:22:58,640 Speaker 1: me and we support the national security United States all 439 00:22:58,760 --> 00:23:00,560 Speaker 1: the all the research and development it that we're doing 440 00:23:00,680 --> 00:23:02,439 Speaker 1: right here in the United States. That are two research 441 00:23:02,560 --> 00:23:06,280 Speaker 1: and development centers in Michigan and California with autonomous driving 442 00:23:06,280 --> 00:23:09,000 Speaker 1: and other technologies that we're developing, so we're clearly not 443 00:23:09,040 --> 00:23:12,840 Speaker 1: a national threat. It's where trade gets interesting, folks. I'm 444 00:23:12,920 --> 00:23:16,719 Speaker 1: Kevin Sirelli, Bloomberg New Chief Washington correspondent for Bloomberg Television 445 00:23:16,760 --> 00:23:20,080 Speaker 1: of Bloomberg Radio. Are thanks to suber Bruce CEO Tom 446 00:23:20,119 --> 00:23:23,080 Speaker 1: Dole as he dives into trade policy. He was on 447 00:23:23,160 --> 00:23:26,440 Speaker 1: Capitol Hill earlier today for my full interview with Tom Dole. 448 00:23:26,880 --> 00:23:29,640 Speaker 1: Tom Doll, you can go head over to Bloomberg TV 449 00:23:30,000 --> 00:23:32,639 Speaker 1: dot com. Remember, you can download the Sound On podcast 450 00:23:32,680 --> 00:23:35,640 Speaker 1: on Apple iTunes at Bloomberg dot com, where by downloading 451 00:23:35,640 --> 00:23:38,040 Speaker 1: the Bloomberg Business app, you can also find us on 452 00:23:38,160 --> 00:23:41,600 Speaker 1: Radio dot com and iHeart Radio. You're listening to Bloomberg. 453 00:23:45,320 --> 00:23:49,399 Speaker 1: This is Sound On with Kevin Cyreling on Bloomberg N 454 00:23:50,040 --> 00:23:52,200 Speaker 1: one and one oh five point seven F M H 455 00:23:52,320 --> 00:23:57,000 Speaker 1: D two Boltemore. It's Tuesday, folks. It's still cold though. 456 00:23:57,040 --> 00:24:00,600 Speaker 1: Where is the spring? Where is this rain? Hope your 457 00:24:00,600 --> 00:24:03,920 Speaker 1: bracket is going well. I'm Kevin Sirelli, Bloomberg News Chief 458 00:24:03,960 --> 00:24:08,080 Speaker 1: Washington correspondent for Bloomberg Television and Bloomberg Radio, we're talking 459 00:24:08,119 --> 00:24:12,359 Speaker 1: trade policy, talking Mueller Report fallout, uh. And we just 460 00:24:12,440 --> 00:24:16,960 Speaker 1: heard from the Subaru CEO, Tom Doll uh and he 461 00:24:17,000 --> 00:24:20,040 Speaker 1: was telling us about how the business community is urging 462 00:24:20,600 --> 00:24:25,640 Speaker 1: Republicans to get to the President's ear that they uh 463 00:24:25,720 --> 00:24:28,480 Speaker 1: that they change course on on some of these tariffs 464 00:24:28,480 --> 00:24:31,879 Speaker 1: that have been impacted by the ongoing escalations, not just 465 00:24:32,000 --> 00:24:34,640 Speaker 1: with US and China, but not to two point oor 466 00:24:34,800 --> 00:24:36,760 Speaker 1: U S M c A, and of course the European 467 00:24:36,800 --> 00:24:40,359 Speaker 1: trade talks as well. Another big development up on Capitol 468 00:24:40,400 --> 00:24:43,200 Speaker 1: Hill today where President Trump was, He says he wants 469 00:24:43,240 --> 00:24:47,320 Speaker 1: to have Republicans talking about healthcare. Senate Majority Leader Mitch McConnell. 470 00:24:48,200 --> 00:24:50,960 Speaker 1: He says he wants to get everybody on the record 471 00:24:51,320 --> 00:24:56,920 Speaker 1: about where they stand on their Green New Deal. Uh, 472 00:24:56,960 --> 00:24:59,400 Speaker 1: and here to walk us through the politics of all 473 00:24:59,440 --> 00:25:02,719 Speaker 1: of this. Craig ordin Bloomberg News Washington Bureau chief Ron 474 00:25:02,800 --> 00:25:06,080 Speaker 1: bon Jean is also a partner at Rock Solutions. He's 475 00:25:06,119 --> 00:25:09,840 Speaker 1: former chief of staff to the Senate Republican Conference under 476 00:25:09,880 --> 00:25:15,800 Speaker 1: Senator John Kyle. So Craig this Green New Deal candidly, 477 00:25:16,000 --> 00:25:18,920 Speaker 1: we had progressives on earlier this week and last week, 478 00:25:18,960 --> 00:25:21,560 Speaker 1: and they said Hey, we agree with Leader McConnell. Let's 479 00:25:21,560 --> 00:25:23,720 Speaker 1: have a vote. We want to know where everybody stands 480 00:25:23,760 --> 00:25:27,240 Speaker 1: on this. It seems like this has become I hate 481 00:25:27,280 --> 00:25:29,600 Speaker 1: to compare this to the Wall, but in terms of 482 00:25:29,640 --> 00:25:32,800 Speaker 1: the big idea, whereas President Trump laid down a marker 483 00:25:32,880 --> 00:25:35,240 Speaker 1: with the Wall, the left has laid down a marker, 484 00:25:35,359 --> 00:25:37,000 Speaker 1: or certain folks on the left of laid down to 485 00:25:37,040 --> 00:25:40,119 Speaker 1: marker with the Green New Deal. Yeah. Look, but the 486 00:25:40,200 --> 00:25:42,840 Speaker 1: problem for Democrats is that the Green New Deal is 487 00:25:43,880 --> 00:25:46,199 Speaker 1: we can debate the merits of it or whatever it 488 00:25:46,320 --> 00:25:48,680 Speaker 1: is easily parodied. You know, people have made a lot 489 00:25:48,720 --> 00:25:52,040 Speaker 1: of jokes about Alexandra Coscio core Test talking about flatgelen 490 00:25:52,119 --> 00:25:55,400 Speaker 1: cows getting rid of cars. Ten years, we're gonna eliminate 491 00:25:55,400 --> 00:25:58,560 Speaker 1: all carbon I think again, the smarter people that can 492 00:25:58,600 --> 00:26:01,159 Speaker 1: make can debate the merits of those ideas. But I 493 00:26:01,200 --> 00:26:03,560 Speaker 1: do think for a lot of folks out of Middle 494 00:26:03,600 --> 00:26:07,119 Speaker 1: America that might sound a tad extreme um And so 495 00:26:07,240 --> 00:26:10,080 Speaker 1: I think Democrats are trying to walk the line they 496 00:26:10,119 --> 00:26:11,720 Speaker 1: often have to walk, and you're gonna see him walking 497 00:26:11,800 --> 00:26:14,800 Speaker 1: every day from now to the November election, which is, 498 00:26:14,800 --> 00:26:16,639 Speaker 1: how do you keep your liberal base happy? Where the 499 00:26:16,720 --> 00:26:19,800 Speaker 1: energy and the drive and the party is while not looking, 500 00:26:20,280 --> 00:26:22,800 Speaker 1: you know, a little cuckoo to sort of voters out 501 00:26:22,840 --> 00:26:25,480 Speaker 1: there in Middle America again that might like their car 502 00:26:25,640 --> 00:26:28,359 Speaker 1: and and might think they probably can't get rid of car, 503 00:26:28,359 --> 00:26:30,359 Speaker 1: but in the next ten years. So it's a bit 504 00:26:30,400 --> 00:26:32,320 Speaker 1: of a gift for the Republicans in one way. And 505 00:26:32,320 --> 00:26:34,760 Speaker 1: I think Mitch McConnell tried to make that point today. 506 00:26:35,040 --> 00:26:41,040 Speaker 1: I really liked it a lot. I mean, let's vote 507 00:26:41,040 --> 00:26:44,400 Speaker 1: on this every day, you know. I I think them 508 00:26:44,400 --> 00:26:46,720 Speaker 1: economy the right choice by putting it on the floor, 509 00:26:46,760 --> 00:26:49,040 Speaker 1: and it's it's sort of a test photo whether Democrats 510 00:26:49,040 --> 00:26:51,840 Speaker 1: stand and it causes an argument within the Democratic Party 511 00:26:51,880 --> 00:26:54,560 Speaker 1: between the left and the centrist but where everybody is 512 00:26:54,560 --> 00:26:56,560 Speaker 1: on this also, the devil is in the details, and 513 00:26:56,560 --> 00:26:59,960 Speaker 1: there really aren't a ton of details out there, although 514 00:27:00,400 --> 00:27:03,439 Speaker 1: you know, there are cost estimates of this costing a 515 00:27:03,600 --> 00:27:07,200 Speaker 1: lot of money, um. And it just shows how high 516 00:27:07,200 --> 00:27:10,280 Speaker 1: in the sky and thoughtless the Democrats have been in 517 00:27:10,320 --> 00:27:13,200 Speaker 1: putting this policy forward, because it's been nothing but a 518 00:27:13,240 --> 00:27:16,720 Speaker 1: fun policy. Piniata to hit over and over it. But 519 00:27:16,800 --> 00:27:20,160 Speaker 1: I gotta be honest, I'm having political flashbacks here. I mean, 520 00:27:20,200 --> 00:27:22,760 Speaker 1: because I remember when the President was talking about the 521 00:27:22,760 --> 00:27:27,440 Speaker 1: wall and chasing virtually every Republican prior to really when 522 00:27:27,480 --> 00:27:30,800 Speaker 1: the when the race really got started, and I remember, 523 00:27:30,880 --> 00:27:33,240 Speaker 1: you know, we were all in gaggles with then with 524 00:27:33,359 --> 00:27:36,920 Speaker 1: Senator Crews and you know, and and and even conservatives 525 00:27:36,960 --> 00:27:38,760 Speaker 1: who were like, I don't know if the wall is 526 00:27:39,080 --> 00:27:41,359 Speaker 1: a really you know, a good idea, It's I don't know, 527 00:27:41,400 --> 00:27:44,680 Speaker 1: I mean, this is a marker. It feels very similar. 528 00:27:44,760 --> 00:27:48,520 Speaker 1: Obviously there are two very different policy ideas, but the 529 00:27:49,119 --> 00:27:52,280 Speaker 1: strategy and an idea. And we were talking about this 530 00:27:52,320 --> 00:27:55,119 Speaker 1: earlier in the program where Democrats, you know, should they 531 00:27:55,160 --> 00:27:57,760 Speaker 1: move on from Mueller, should they sit still, stand with this, 532 00:27:58,000 --> 00:28:00,359 Speaker 1: say what you want about AOC again, the arts of 533 00:28:00,400 --> 00:28:03,200 Speaker 1: which whatever, whether you agree or disagree, But in terms 534 00:28:03,240 --> 00:28:07,600 Speaker 1: of political strategy, they have set down a marker. And 535 00:28:07,640 --> 00:28:11,160 Speaker 1: I'm looking at this list every Dema you need sixty 536 00:28:11,240 --> 00:28:14,960 Speaker 1: votes to clear the culture cloture. Is the threshold vote. Uh. 537 00:28:15,000 --> 00:28:17,399 Speaker 1: And it failed, But it was really an effort on 538 00:28:17,480 --> 00:28:20,400 Speaker 1: Leader McConnell to get Democrats on the record for where 539 00:28:20,440 --> 00:28:23,840 Speaker 1: they stand, and everyone was curious to see which Democrats 540 00:28:23,880 --> 00:28:27,200 Speaker 1: would join Republicans and opposing this, and it was Senator 541 00:28:27,240 --> 00:28:30,400 Speaker 1: Doug Jones of Alabama. That's that's a shocker to no. One. 542 00:28:30,640 --> 00:28:34,200 Speaker 1: Senator Joe Mansion of West Virginia, predominantly cold country. That's 543 00:28:34,200 --> 00:28:38,000 Speaker 1: a shocker to no one. Kirson Cinema of Arizona that 544 00:28:38,120 --> 00:28:41,200 Speaker 1: actually she voted with Republicans on this against the Green 545 00:28:41,240 --> 00:28:44,640 Speaker 1: New Deal. Uh And and Senator Angus King, an independent 546 00:28:44,640 --> 00:28:48,479 Speaker 1: who caucuses with the Democrats, also voted. But Kirson Cinema, 547 00:28:48,520 --> 00:28:52,120 Speaker 1: Craig Gordon, Washington Bureau chief of Bloomberg News, Kerson Cinema 548 00:28:52,280 --> 00:28:55,160 Speaker 1: voting with Republicans. Yeah, if I'm her, I'm out in 549 00:28:55,160 --> 00:28:58,840 Speaker 1: a state that is traditionally a Republican state in presidential politics, 550 00:28:59,040 --> 00:29:01,160 Speaker 1: I think heireson Cinema's person that probably wants to run 551 00:29:01,200 --> 00:29:03,400 Speaker 1: for presidents all someday, to be honest, So she's gonna 552 00:29:03,600 --> 00:29:06,280 Speaker 1: she's gonna attack her votes a little more carefully to 553 00:29:06,360 --> 00:29:10,360 Speaker 1: her home state. You mentioned four senators that that voted no. Um, 554 00:29:10,440 --> 00:29:12,440 Speaker 1: those are four senators that should have voted no. Frankly, 555 00:29:12,800 --> 00:29:15,800 Speaker 1: and to to stay close to their local politics. I mean, look, 556 00:29:16,320 --> 00:29:19,560 Speaker 1: politics is about bold strokes and broad strokes. The wall. 557 00:29:19,840 --> 00:29:21,800 Speaker 1: It's a two word thing. Everybody knows what it means, 558 00:29:22,040 --> 00:29:24,160 Speaker 1: and then you can debate the nuance underneath it. But 559 00:29:24,160 --> 00:29:27,719 Speaker 1: but Trump Lade Donna Marker, Green New Deal the beauty 560 00:29:27,800 --> 00:29:30,200 Speaker 1: for Ron's party and why he loves his vote today 561 00:29:30,240 --> 00:29:32,200 Speaker 1: so much is that nobody actually knows what it is. 562 00:29:32,680 --> 00:29:35,880 Speaker 1: But you can so you can pack any ideay, crazy 563 00:29:35,960 --> 00:29:38,960 Speaker 1: idea under the moniker of Green New Deal and paint 564 00:29:38,960 --> 00:29:41,160 Speaker 1: the Democrats is looking again like a little out of 565 00:29:41,160 --> 00:29:43,440 Speaker 1: step with with how we live our lives in America today. 566 00:29:43,520 --> 00:29:45,800 Speaker 1: That's exactly right. There were there have been focus groups 567 00:29:45,800 --> 00:29:48,560 Speaker 1: in the last week or so and vote in Wisconsin 568 00:29:48,600 --> 00:29:51,000 Speaker 1: and voters don't know what the Green New Deal is. 569 00:29:51,240 --> 00:29:55,080 Speaker 1: So Republicans can run ads in targeted states against Senate 570 00:29:55,080 --> 00:29:58,840 Speaker 1: Democrats to say, these guys voted for the Green New Deal, 571 00:29:58,880 --> 00:30:00,680 Speaker 1: guess how much it's gonna aust to do a lot 572 00:30:00,720 --> 00:30:03,840 Speaker 1: of green dollars out of your wallet. And it's it's 573 00:30:03,880 --> 00:30:06,480 Speaker 1: just it's perfect. It's a gift that that keeps on getting. 574 00:30:06,480 --> 00:30:08,600 Speaker 1: All right. So so you got the Green New Deal. 575 00:30:09,080 --> 00:30:11,479 Speaker 1: And then there was this other news development. And I 576 00:30:11,520 --> 00:30:14,640 Speaker 1: know that I'm as every I'm a huge space dork. 577 00:30:14,720 --> 00:30:19,160 Speaker 1: I watched virtually every space movie that comes out. Interstellar, Uh, 578 00:30:19,200 --> 00:30:21,880 Speaker 1: and Armageddon is one of my all time favorite movies. 579 00:30:22,240 --> 00:30:25,040 Speaker 1: But the Vice president said today that he wants to 580 00:30:25,080 --> 00:30:28,040 Speaker 1: put folks back on the moon, Americans back on the 581 00:30:28,040 --> 00:30:30,720 Speaker 1: moon any means necessary. Did you guys see this, because 582 00:30:30,720 --> 00:30:34,320 Speaker 1: it was it really whether it's space force or whether 583 00:30:34,400 --> 00:30:37,000 Speaker 1: it's the moon. And I think it got a lot 584 00:30:37,000 --> 00:30:39,479 Speaker 1: of chatter on social media and whatnot. But from a 585 00:30:39,480 --> 00:30:43,959 Speaker 1: policy standpoint, this is really a policy victory for private 586 00:30:43,960 --> 00:30:47,720 Speaker 1: investment into commercial space travel. And I think that that 587 00:30:48,400 --> 00:30:52,000 Speaker 1: I think narrative. I hate that word, but that storyline 588 00:30:52,360 --> 00:30:55,440 Speaker 1: has really been the common thread in terms of what 589 00:30:55,480 --> 00:30:58,720 Speaker 1: we're seeing. So are we going to send more Americans 590 00:30:58,840 --> 00:31:01,560 Speaker 1: to the moon? Greg Uh, Look, if you're all at 591 00:31:01,640 --> 00:31:03,800 Speaker 1: Musk and you run SpaceX, and you're Jeff Bezos and 592 00:31:03,840 --> 00:31:06,040 Speaker 1: you run a blue planet, there's a good day for 593 00:31:06,080 --> 00:31:08,240 Speaker 1: you because basically the United States government just said we 594 00:31:08,360 --> 00:31:10,000 Speaker 1: might need to buy some of your rockets and some 595 00:31:10,080 --> 00:31:13,000 Speaker 1: of your you know, technology to get these folks into space. 596 00:31:13,520 --> 00:31:16,560 Speaker 1: I have to say, George Bush talked about a moonshot. 597 00:31:16,840 --> 00:31:19,280 Speaker 1: Barack Obama killed the idea, said it was too costly. 598 00:31:20,160 --> 00:31:22,880 Speaker 1: Hearing Donald Trump talk about a moonshot, I just I'm 599 00:31:22,880 --> 00:31:24,960 Speaker 1: not sure that's where Americans heads are at right now. 600 00:31:25,120 --> 00:31:27,120 Speaker 1: I think there's a feeling there's a lot of problems 601 00:31:27,120 --> 00:31:29,800 Speaker 1: a little closer to home on Earth. Here it feels 602 00:31:29,840 --> 00:31:31,960 Speaker 1: like a big bold stroke, it feels like but to me, 603 00:31:32,000 --> 00:31:34,040 Speaker 1: it feels like a bit of a reach. Um. I'm 604 00:31:34,080 --> 00:31:37,040 Speaker 1: not sure there's too many people clamoring for um sending 605 00:31:37,080 --> 00:31:39,480 Speaker 1: people back to the moon. Look, I'm a space too, 606 00:31:39,800 --> 00:31:42,240 Speaker 1: I'm a space buff. To totally disagree. I can't take 607 00:31:42,280 --> 00:31:44,080 Speaker 1: you and I canna take you back further than space 608 00:31:44,120 --> 00:31:49,160 Speaker 1: movies to capricorn one look at them movie about a 609 00:31:49,160 --> 00:31:52,240 Speaker 1: fake moon. Well, I'm saying the movie it wasn't. And 610 00:31:52,320 --> 00:31:54,400 Speaker 1: you know, we don't really know, do we. We do 611 00:31:54,520 --> 00:31:57,360 Speaker 1: know who we do doing, We totally know. But all 612 00:31:57,400 --> 00:31:59,520 Speaker 1: I'm saying is when Kennedy did this, it was a 613 00:31:59,520 --> 00:32:02,920 Speaker 1: way to rally the country, beat the Russians, get their 614 00:32:03,000 --> 00:32:05,960 Speaker 1: first plant the flag. The country was in a mood 615 00:32:06,320 --> 00:32:08,320 Speaker 1: to kind of rally around the flag. I'm just not 616 00:32:08,320 --> 00:32:10,440 Speaker 1: sure that's where America is right now. I think people 617 00:32:10,440 --> 00:32:12,720 Speaker 1: could decide maybe in both parties they would like to 618 00:32:12,720 --> 00:32:15,600 Speaker 1: see some politicians on the moon. Maybe. Yeah, you know, 619 00:32:15,680 --> 00:32:18,440 Speaker 1: it's interesting. I think it's inspirational, and I think that's 620 00:32:18,440 --> 00:32:20,440 Speaker 1: what he's saying. He's trying to inspire Americans in a 621 00:32:20,560 --> 00:32:23,160 Speaker 1: dreaming big I get that deming Sawta since plus the 622 00:32:23,280 --> 00:32:25,880 Speaker 1: Chinese just did a lunar landing on the other side 623 00:32:25,880 --> 00:32:28,640 Speaker 1: of the moon, and so there is some competition between 624 00:32:29,440 --> 00:32:33,440 Speaker 1: um between you know, the trouble administration in China. I 625 00:32:33,480 --> 00:32:36,800 Speaker 1: think on space here, I mean, I'm not even joking 626 00:32:36,840 --> 00:32:38,160 Speaker 1: and I know, I mean, the more we got to 627 00:32:38,200 --> 00:32:40,360 Speaker 1: talk about it more because it's here, uh and in 628 00:32:40,400 --> 00:32:43,200 Speaker 1: our lifetime it is, it is here, and uh, it's 629 00:32:43,200 --> 00:32:44,840 Speaker 1: going to be fascinating to watch. Ron. This is your 630 00:32:44,880 --> 00:32:48,160 Speaker 1: first time on the show. It was amazing. Five stars. Really, 631 00:32:48,160 --> 00:32:50,400 Speaker 1: I'm so excited to be here. Thank you very much 632 00:32:50,440 --> 00:32:53,320 Speaker 1: for having me. Who do you worry about? Twenty On 633 00:32:53,360 --> 00:32:58,040 Speaker 1: the left three members um Kamala Harris, Beto war Urk 634 00:32:58,320 --> 00:33:02,680 Speaker 1: and Joe Biden Data just because he's one of those 635 00:33:02,760 --> 00:33:07,320 Speaker 1: unknown factors, blank slate kind of people that is very 636 00:33:07,320 --> 00:33:10,440 Speaker 1: can can escalate his populace. But the poll's t booh 637 00:33:10,560 --> 00:33:13,120 Speaker 1: jedge is really kind of hear it's early on. Just 638 00:33:13,800 --> 00:33:15,760 Speaker 1: three folks, I'm watching right now. And do you think 639 00:33:15,760 --> 00:33:17,920 Speaker 1: Biden gets in? Does he wait more or does he 640 00:33:18,040 --> 00:33:21,160 Speaker 1: does he jump into jump in? It's sooner rather than later. 641 00:33:21,200 --> 00:33:23,960 Speaker 1: I mean he's already talking to us behind the scenes. 642 00:33:24,160 --> 00:33:28,120 Speaker 1: He's worried about raising money. Does Mueller hurt him at all? 643 00:33:28,200 --> 00:33:30,640 Speaker 1: Because it didn't really come up with maybe what people thought. 644 00:33:31,000 --> 00:33:33,000 Speaker 1: I don't think it hurts Biden at No, you don't 645 00:33:33,000 --> 00:33:36,000 Speaker 1: think it has the calculation to I don't know. I'd 646 00:33:36,000 --> 00:33:37,560 Speaker 1: make a case for all three of the people that 647 00:33:37,640 --> 00:33:39,560 Speaker 1: we that Ron just mentioned, there's the same three I'm 648 00:33:39,560 --> 00:33:43,120 Speaker 1: watching Biden, Kamala Harrison, Better Rourke. Not having to talk 649 00:33:43,160 --> 00:33:46,280 Speaker 1: about Robert Mueller is a very very good thing. Wow, alright, 650 00:33:46,280 --> 00:33:48,400 Speaker 1: we're gonna have to leave it there. My boss, Craig Gordon, 651 00:33:48,440 --> 00:33:52,000 Speaker 1: Bloomberg News Washington Bureau chief and Ron bond Gene his 652 00:33:52,080 --> 00:33:55,280 Speaker 1: first time on the program, hopefully not his last. He's 653 00:33:55,280 --> 00:33:58,680 Speaker 1: a partner at Rock Solutions, which deals with the intersection 654 00:33:58,720 --> 00:34:02,680 Speaker 1: of business and politics messaging here in Washington, d C. 655 00:34:02,760 --> 00:34:06,560 Speaker 1: He's also the former chief of staff. UH to uh 656 00:34:06,720 --> 00:34:10,560 Speaker 1: the Republicans, thanks for listening. I'm Kevin Cirelli. You're listening 657 00:34:10,560 --> 00:34:12,480 Speaker 1: to Bloomberg One