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Speaker 1: Why from our nation's came this budget thing is going

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Speaker 1: to do nothing space Forts. I still think it's interesting

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Speaker 1: President Trump not playing his cards yet. Headlines Policy and

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Speaker 1: politics colliding Floomberg Sound On, the insiders, the influencers, the insides.

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Speaker 1: I would rather see a congressional solution. It's part of

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Speaker 1: than it looked in. You really have a divide within

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Speaker 1: Team Trump. The president has to do exactly what people

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Speaker 1: sent him here to do, which is to get it done.

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Speaker 1: This is Bloomberg Sound On with Heaven Shirley on Bloomberg

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Speaker 1: and one oh five point seven f M h D two.

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Speaker 1: US and China signed Phase one of the trade deal.

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Speaker 1: We have every angle covered, all of the policy and

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Speaker 1: the politics behind the scenes. Plus Senator Joanie Earns, Republican

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Speaker 1: from Iowa. She's going to talk to us about that

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Speaker 1: trade deal and fallout from the Democratic presidential debate. Bernie Sanders,

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Speaker 1: Elizabeth Warren, And of course the House stands to vote

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Speaker 1: or the House votes either to send the Trump impeachment

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Speaker 1: to the Senate for trial. Will talk about all of

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Speaker 1: the impeachment managers and who they are, what they do

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Speaker 1: they're the prosecutors who will present Trump's impeachment to the Senate.

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Speaker 1: Lots to get through. First, of course, our lead story

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Speaker 1: tonight Phase one of the U. S. China trade deal.

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Speaker 1: President Trump delivering on that US China Phase one trade deal,

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Speaker 1: and we have every angle covered. Let's first take it

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Speaker 1: to the White House where President Trump earlier said today

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Speaker 1: that he is in fact going to leave on some tariffs,

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Speaker 1: some tariffs on billions of dollars of goods as an

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Speaker 1: enforcement mechanism to make sure that China follows through with

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Speaker 1: it's with its side of the bargain. Here is we're

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Speaker 1: leaving tariffs on which people are shocked, but it's great.

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Speaker 1: But but I will agree to take those tariffs off

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Speaker 1: if we are able to do Phase two. Just to

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Speaker 1: dive into the specifics here for what China is getting,

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Speaker 1: the US is going to have the fifteen percent duties

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Speaker 1: on a hundred and twenty billion dollars of imports and

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Speaker 1: delayed other imports from going into effect. And China has

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Speaker 1: agreed to make some structural reforms and to purchase two

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Speaker 1: hundred billion dollars in American goods and services over the

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Speaker 1: next two goods. If you crunch the numbers on that

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Speaker 1: two hundred billion dollars worth, thirty two billion in farming

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Speaker 1: and agricultural purchases, and fifty billion dollars in natural gas

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Speaker 1: and crude oil. Meanwhile, thirties three hundred and sixty billion

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Speaker 1: dollars in tariffs are going to remain in place. All right.

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Speaker 1: Joe Crowley's here, former New York Congressman and Democratic Caucus

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Speaker 1: chair and Tyler Deaton, Republican strategists and fundraiser, president of

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Speaker 1: Allegiance Strategies. Joe, I'll start with you. Uh, big deal,

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Speaker 1: big big deal to get us in China Phase one.

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Speaker 1: Stock markets loved it. Stocks were high on the news,

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Speaker 1: to say the least. Yeah. I think people were anticipating

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Speaker 1: ordin and waiting for the details. Uh. Some were really

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Speaker 1: suspect as to whether or not this was actually gonna happen.

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Speaker 1: I think it's actually good that is taking place, and

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Speaker 1: I think in many respects, you have a president who's

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Speaker 1: turned trade into itself upside down on its head, something

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Speaker 1: that Republicans typically have been known for being more robustling

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Speaker 1: in favor of. Uh. He really has toned some wretchets

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Speaker 1: in the in this and folks like Grassley and others

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Speaker 1: have been looking at this and really wondering, you know,

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Speaker 1: the hedge twisting sometimes in terms of what is the

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Speaker 1: goal here. I think what's interesting is that here the

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Speaker 1: president is in sinergy with Democrats who have been questioning, um,

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Speaker 1: the trade, the trade deals, that normalization of trade relations

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Speaker 1: with China almost two decades ago. So this is it's

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Speaker 1: it's actually very interesting to be watching how the president's

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Speaker 1: maneuvering here til I was struck by this, and we're

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Speaker 1: gonna hear coming up from Senator John or Republican from Iowa.

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Speaker 1: She was at the White House when this announcement took place,

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Speaker 1: as were the heads of major companies. I mean, I'm

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Speaker 1: going through my list here and my reporter's notebook, Boeing, Citadel, Quatico, Phillips,

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Speaker 1: City Bank, Qualcolm, National Association of Manufacturers, Atlas plus you know,

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Speaker 1: dozens more and and and prominent Republican lawmakers all up

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Speaker 1: there to show the President and Vice Premier Laha, who

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Speaker 1: was there as well. Hey they're behind him. Yeah, and

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Speaker 1: look it's it's wall streets having a huge positive impact.

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Speaker 1: I think that anybody who is not excited about this

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Speaker 1: dislike for the president. But on that point, you know,

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Speaker 1: our trade representative, lead these negotiations, and he did and

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Speaker 1: I think that this actually shows some maturity from the president. Um,

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Speaker 1: he stepped back, he let the professionals run this, and

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Speaker 1: now he's gonna be the one who gets the credit

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Speaker 1: for a political home run. Well, let's now look at

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Speaker 1: the Bloomberg terminal. You both of you have mentioned the

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Speaker 1: market reaction to this. US stocks closed at record highs

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Speaker 1: as investors assess the details of the partial trade deal

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Speaker 1: with China. Treasurys gained in the dollar weekend, the be

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Speaker 1: the benchmark SMP five hundred finished short of an earlier

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Speaker 1: all time intra day high after President Donald Trump presided

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Speaker 1: over that signing ceremony with Chinese officials. Joe Uh, you

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Speaker 1: know when I when I talked to Republicans and Democrats

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Speaker 1: Club for Growth. President earlier on Bloomberg TV, and we

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Speaker 1: were talking to the break just about how there were

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Speaker 1: two tracks that emerged. Something that the President did with

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Speaker 1: this that potentially he hasn't necessarily done in other trade

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Speaker 1: disputes with Europe and UM, North Korea and Japan is

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Speaker 1: that he kept the issue of national security very separate

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Speaker 1: from the issue of economics. So what is not in

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Speaker 1: this deal five G Huawei and UH and trying to

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Speaker 1: pressure China from not engaging in the energy sector with

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Speaker 1: Iran smart move. Well, I also think intellectual property, yes,

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Speaker 1: and securing that is also still up in the air

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Speaker 1: in terms of what we know, what China's intentions have been,

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Speaker 1: what they've been doing. And I would just say in

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Speaker 1: who's not very appreciated of the President, but I recognize

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Speaker 1: here in this particular case. You know, I think this

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Speaker 1: is it stabilizes our farmers some degree, gives them some

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Speaker 1: hope that they will not be having their soybeans brought uh,

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Speaker 1: you know, the oranges, and and I know the things

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Speaker 1: that China wants to us in the accent sector. I

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Speaker 1: think it's very very much Jr. Senator is thrilled she

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Speaker 1: told me to go get a tasty taco into moin Io.

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Speaker 1: Apparently there's his taco stand in the moyn Io. That

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Speaker 1: is the best tactors. I said, you could have told

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Speaker 1: I would have been gotten Bernie Sanders and Elizabeth Warren

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Speaker 1: fighting each other. Well, I'm going to eat my tacos.

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Speaker 1: But this is this is phase one, right, you know,

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Speaker 1: so like you have more to go, more to come,

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Speaker 1: for the pico juna, you know, after this election. Well

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Speaker 1: U s m c A tomorrow though, and I mean

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Speaker 1: something you've been very much involved in behind the scenes

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Speaker 1: that's going to get a vote, I believe tomorrow in

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Speaker 1: the Senate, and then we'll be signed by the end

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Speaker 1: of the week for President Ron. I think once it

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Speaker 1: But you know, it's still going to have some serious

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Speaker 1: how Bernie Sanders and Elizabeth Warren have gotten sideways with

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Speaker 1: gotta be ratified and says she's going to support it, right,

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Speaker 1: But that Bernie is saying Bernie Sanders is saying that

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Speaker 1: that he is not going to support it. So another

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Speaker 1: difference emerging. I want to dive into that coming up

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Speaker 1: against it, right, which is fascinating politics. So what we'll

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Speaker 1: dive into that coming up as it relates to that,

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Speaker 1: and just to monitor what's going on on Capitol Hill.

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Speaker 1: The House is going to notify the Senate of impeachment.

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Speaker 1: We're monitoring that story within this hour. We're anticipating the

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Speaker 1: House Speaker Nancy Pelosi and of course the folks that

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Speaker 1: were named to be the prosecutors that she named, including

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Speaker 1: House Intelligence Committee Chairman Adam Schiff, that they are going

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Speaker 1: to address uh, the members of the media ahead of that.

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Speaker 1: We'll we'll dive into that as well. Joe Crowley stays,

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Speaker 1: Tyler Deeton stays. You can download the Bloomberg Sound on

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Speaker 1: podcast on Apple iTunes, at Bloomberg dot com, or by

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Speaker 1: downloading the Bloomberg Business app. You can also find us

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Speaker 1: on Radio dot Com, I Heart Radio, and Spotify. Coming up,

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Speaker 1: Senator Joanie Ernst, She's going to talk to us all

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Speaker 1: about Iowa, SOI means, and the fate of the US

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Speaker 1: China trade deal. I'm Kevin Cerelli, Chief Washington correspondent for

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Speaker 1: the Bloomberg Television and Bloomberg Radio. And you're listening to Bloomberg.

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Speaker 1: This is Bloomberg's Sound On with Kevin Surreley on Bloomberg

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Speaker 1: one and one oh five point seven f m h

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Speaker 1: D two, Baltimore. It is a beautiful day here in Washington,

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Speaker 1: d C. And a beautiful sunset. Make sure you look

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Speaker 1: at that sky. If you're driving, pay attention to the road.

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Speaker 1: I'm Kevin Cerelli, Chief Washington correspondent for Bloomberg Television of

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Speaker 1: Bloomberg Radio. We were talking about the US China Phase

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Speaker 1: one trade deal, and I was struck by this because

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Speaker 1: President Trump was at the White House, flanked by Vice

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Speaker 1: President Pence, flanked by Treasury Secretary Stephen Manution, all of

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Speaker 1: the top Republicans in in in the house. Karthy, Joni

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Speaker 1: Earnest will hear from her coming up, and China Vice

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Speaker 1: Premier Laha CEOs bowing the new CEO from bowing Calhoun.

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Speaker 1: He was there, President Trump making them all stand up,

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Speaker 1: his his accolades to two members of the House of Representatives,

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Speaker 1: Secretary Monution puts a piece of paper on the podium

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Speaker 1: and I'm thinking to myself, I was I was sitting

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Speaker 1: There was a vote in the House of Representatives on impeachment.

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Speaker 1: And literally, folks, President Trump talking about arguably one of

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Speaker 1: the most significant parts of his economic agenda, on the

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Speaker 1: day of the most crucial part of his economic agenda

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Speaker 1: that he's delivering. He feels this how Speaker Nancy Pelosi

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Speaker 1: across town inside of the Halls of Congress, getting ready

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Speaker 1: to notify the Senate and to kickstart the impeachment trial,

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Speaker 1: he knows all about Democratic House leadership. He's, of course

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Speaker 1: the former congressman from New York and a Democratic Caucus

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Speaker 1: chairman Tyler Deaton, Republican strategist, fundraiser, president of Allegiance Strategies. Wow.

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Speaker 1: And literally, as we speak, gentlemen, House Speaker Nancy Pelosi

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Speaker 1: Joe Crowley. You're I'm watching you watch the monitor on

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Speaker 1: this development, and I'm wondering what's going through your mind. Well,

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Speaker 1: That's one thing, um, But that just looking at the

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Speaker 1: And uh, you know it's you know, putting aside, um

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Speaker 1: a very monumental moment, the delay, everything else, putting all

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Speaker 1: that aside, that it's it's it's solemn, and um uh,

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Speaker 1: you know, to some degree, there's no winners yet in

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Speaker 1: terms of this. I don't think there's any winners in

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Speaker 1: the end anyway, because I think it's it's it's a

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Speaker 1: black eye at that point. I mean when I was

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Speaker 1: when I talked to Republicans, and I hear you, and

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Speaker 1: I completely based upon my reporting, can agree that when

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Speaker 1: I talked to Democrats, whether they're from whether they're far

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Speaker 1: far left or they're from your wing of the Democratic Party,

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Speaker 1: they agree on the issue of impeachment and on the

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Speaker 1: issue of removal. And but that said, I mean it's

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Speaker 1: night and day when I enterview Republicans, when I talked

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Speaker 1: to Republicans in the halls of Congress or not blink on,

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Speaker 1: they don't feel that the president has any threat to

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Speaker 1: their being a removal from office. I'm curious about the

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Speaker 1: timing of this because I was under the impression that

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Speaker 1: Speaker Pelosian leadership had been withholding the two articles of

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Speaker 1: impeachment to try to get some type of pressure done.

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Speaker 1: What did she accomplish in waiting until tonight to formally

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Speaker 1: hand over those two articles of impeach. I think that

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Speaker 1: she had every intention at some point ultimately do this anyway. UM.

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Speaker 1: I do think over the past couple of weeks, UM,

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Speaker 1: there's been more and more pressure port to bear on

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Speaker 1: the Senate, UH, to to have fair rules as it

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Speaker 1: pertains to the trial itself. And I think even maybe

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Speaker 1: more recently, UH, some of the nuances of of the

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Speaker 1: Giuliani connection, UM, as well as in terms of patison

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Speaker 1: and the disclosure of some of the things that he

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Speaker 1: was involved in terms of Ukraine and the prosecutor and

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Speaker 1: the dismissal of the attempt to dismiss the uk Any ambassador.

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Speaker 1: So they're there there. There are a lot of things

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Speaker 1: I think that are still out there, and that the

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Speaker 1: hope is that more information the better. Let's take a

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Speaker 1: listen to what Speaker Pelosi had to say earlier today. UH,

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Speaker 1: here's the House Speaker, here's the Speaker of the House.

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Speaker 1: Recognizing the divisiveness of impeachment, I held back, frankly, I said,

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Speaker 1: this president isn't worth it. But when he acted the

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Speaker 1: way he did in relationship to withholding funds from Ukraine

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Speaker 1: and return for a benefit to him that was personal

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Speaker 1: and political. He crossed the threshold and that was how

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Speaker 1: Speaker Nancy Pelosi, who of course named seven Democrats to

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Speaker 1: act as managers in the impeachment trial of President Trump

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Speaker 1: that's going to begin in earnest in the Senate next week.

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Speaker 1: Adam Schiff, House Intelligence Committee Chairman, Jerry Nadler, House Judiciary Chairman, HACKEM. Jeffreys,

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Speaker 1: House Democratic Caucus Chairman, Zoe Lofgren, Judiciary Committee Member Val Demmings,

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Speaker 1: Jason Crow, Sylvia Garcia. Yeah, that's the team. That's the lineup. Tyler.

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Speaker 1: I'm when you as you're watching this from your orbit

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Speaker 1: as a Republican, what are you gathering from donors to

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Speaker 1: the Republican Party from other folks in this orbit about

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Speaker 1: will this impact at all movement or support for down

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Speaker 1: ballot races in your orbit as a fundraiser and also

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Speaker 1: for the re election? Yeah? I think there's there's probably

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Speaker 1: three things to say about it. One is that as

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Speaker 1: far as donors go all the way from major donors

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Speaker 1: down to grassroots donors, they've been energized by the impeachment process.

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Speaker 1: I mean, President Trump is breaking records with his re

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Speaker 1: election fundraising and by all accounts and my own experience,

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Speaker 1: this has driven way more fundraising than he had before

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Speaker 1: the impeachment started. Um. But number two, I would say

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Speaker 1: the lineup of impeachment managers is largely unimpressive. UM But

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Speaker 1: I have a prediction that Val Demming's is going to

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Speaker 1: emerge out of this as a star. Val Demmings she's

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Speaker 1: an amazing African American woman from Central Florida, is a

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Speaker 1: former sheriff down in Orlando. Some people saw during the

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Speaker 1: impeachment hearings, and I think that Val Demming's could really

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Speaker 1: do a good job. And so I just hope that

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Speaker 1: Jerry Nadler and Adam Schiff could maybe help themselves and

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Speaker 1: show some maturity and step back and let Val Demming's

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Speaker 1: have a bigger role over in the Senate. If they're smart,

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Speaker 1: they will. But lastly, I think it's just, you know,

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Speaker 1: Pelosi keeps saying that this isn't political, this isn't political.

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Speaker 1: But then I saw that, you know, she's got a

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Speaker 1: whole lineup of like fifty pens to sign the articles

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Speaker 1: of impeachment. Like I don't know if those are gonna

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Speaker 1: be for souvenirs or what. That's something you usually reserve

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Speaker 1: whenever you're signing a momentous piece of legislation. So I

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Speaker 1: don't understand that myself. I don't know why they're making

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Speaker 1: such a political spectacle of it if it's not supposed

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Speaker 1: to be political. I meanwhile, again, if you're just joining us,

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Speaker 1: we're literally on Capitol Hill watching is how Speaker Nancy

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Speaker 1: Nancy Pelosi is about to sign the resolution on Impeachment

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Speaker 1: Managers again again really thrusting the issue of the Senate impeachment.

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Speaker 1: Try talking about the pens. You know, looking at my friend, uh,

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Speaker 1: Trent Lott, who's the same from them with today he

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Speaker 1: has a he has a picture outside of his office

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Speaker 1: and that actually shows the tickets that were issued back

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Speaker 1: during that time of the Clinton impeachment. The actually tickets

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Speaker 1: printed out. From historical perspective, you know, Penn's signings and

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Speaker 1: tickets are all part of it, all right. And literally

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Speaker 1: coming up, we're gonna have much more on this as

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Speaker 1: Speaker Pelosi is literally about to sign that the Impeachment Managers.

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Speaker 1: I'm Kevin Sirelli. You're listening to Bloomberg. This is Bloomberg's

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Speaker 1: sound on with Kevin Surreley on Bloomberg one and one

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Speaker 1: oh five point seven f m h D two Baltimore,

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Speaker 1: breaking news. Who's House has sent the impeachment to the Senate?

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Speaker 1: South Speaker Nancy Pelosi moments ago signing the impeachment manager.

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Speaker 1: She's named a handful of her House Democratic members to

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Speaker 1: be impeachment prosecutors in the Senate trial, which is set

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Speaker 1: to formally begin early next week. I'm Kevin Cirelli, Chief

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Speaker 1: Washington correspondent, fro Bloomberg Television, have Bloomberg Radio. Tyler Deaton's here,

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Speaker 1: publican strategist Joe Crowley, former New York Congressman and Democratic

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Speaker 1: Caucus Chair. Joe, I'm watching these images of the impeachment

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Speaker 1: managers solemnly walk through Statuary Hall from the House Chamber

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Speaker 1: in lines of two by two, and they're walking through

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Speaker 1: the Capitol Rotunda live on Capitol Hill as we speak

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Speaker 1: to deliver the articles of impeachment to the Senate. Where

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Speaker 1: so well that this is a lot of pageantry, It

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Speaker 1: feels very State of the Union. Ask in a way,

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Speaker 1: where are they walking to? I mean, you know, the

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Speaker 1: pageantry of this. They just walked from the from the

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Speaker 1: House side, through the original House Chamber and who's leading

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Speaker 1: up the front of their leading at the front is

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Speaker 1: the sergeant at arms for the House Representatives as well

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Speaker 1: as I guess the clerk for the House Representatives. She's new.

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Speaker 1: I don't know her personally. Uh, she just thought I

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Speaker 1: think this year Jerry Nadler obviously. Uh. And at all

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Speaker 1: you have Adam Schif and uh and the other managers

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Speaker 1: who are walking off. It's very very much I guess,

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Speaker 1: like in the in the British way of doing things,

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Speaker 1: sort of speaking, very formal, almost feel you're watching the

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Speaker 1: King and Queen or something happening to throw back to

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Speaker 1: days very much pre telephones, pre pretexts. Hey hey, it's

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Speaker 1: on its way. You know, they're just exactly the roads

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Speaker 1: of the wigs. Maybe baby, but it is very formal

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Speaker 1: and very uh to something we samburesque you can say

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Speaker 1: to I mean, and where where are they going? They're

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Speaker 1: heading towards the Senate. Just walked through the rotunda of

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Speaker 1: the House and now they're on the Senate side, just

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Speaker 1: walking past what I believe was the original Supreme Court

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Speaker 1: and then the actually the original Senate and then um,

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Speaker 1: the Supreme Court would have been below with the original

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Speaker 1: Senate chambers and now walking UH as they're breaking through

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Speaker 1: the to the new the new part of the Senate

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Speaker 1: wing on the on the on the Senate side, and

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Speaker 1: UH will be greeted I guess by their counterpart UH

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Speaker 1: in terms of the Senate at the door. So it's

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Speaker 1: not just the House that's acting in this in this

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Speaker 1: ceremonial way. The Senate, I think will also act in

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Speaker 1: this very since it only happened three times and in

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Speaker 1: the United States history. Again, if you're just joining us,

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Speaker 1: we're watching as the House impeachment managers are being led

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Speaker 1: by the Sergeant at Arms in the House of Representatives

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Speaker 1: and the current Clerk of the House, Sheryl L. Johnson,

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Speaker 1: who was sworn in as Clerk of the hundred and

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Speaker 1: sixteenth Congress on February two thousand and nineteen, just a

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Speaker 1: couple of weeks ago. Wow, what a first month on

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Speaker 1: the job she's had. As she is holding the documents

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Speaker 1: that Speaker Nancy Pelosi just signed moments ago that formally

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Speaker 1: now sends the articles of impeachment to the Senate. Where

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Speaker 1: we got word this afternoon Tyler Deaton that UH Senator

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Speaker 1: Susan Collins, a Republican from Maine. She's said that that

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Speaker 1: that she's satisfied that there will be some type in

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Speaker 1: the rules package of the Senate impeachment trial that there

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Speaker 1: will quote unquote there's an ensured of roll call vote

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Speaker 1: on the overall issue of whether or not to have witnesses.

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Speaker 1: So they're gonna have an up now vote on whether

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Speaker 1: or not there should be witnesses at the trial and

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Speaker 1: to open it up, because then at that point then

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Speaker 1: you have to figure out what is witnessing look like?

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Speaker 1: Do they get one for the Democrats and one for

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Speaker 1: the Republicans? Is it more than that? Who do they call?

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Speaker 1: But I think that for Senator Collins, at the heart

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Speaker 1: of her decision making is the fact that Kevin right now,

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Speaker 1: she's in cycle. She's up for reelection this November in Maine,

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Speaker 1: which has been trending a little more democratic under President Trump.

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Speaker 1: And I think that she knows she's facing an extremely

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Speaker 1: tough re election, and so I think she's trying to

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Speaker 1: prove to all of her constituents that she's being fair

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Speaker 1: about this process, even though I suspect her vote against

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Speaker 1: impeachment and for acquittal is basically guaranteed. The Sergeant of

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Speaker 1: Arms and the House Clerk have now just handed over

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Speaker 1: the documents and they're about to open and walk into

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Speaker 1: the Senate Chamber where prominent senators are there in the

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Speaker 1: side of the Senate Chamber, and now Senate Majority Leader

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Speaker 1: Mitch McConnell is giving a statement saying that they have

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Speaker 1: received the articles of impeachment and now that trial UH

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Speaker 1: is set to begin really over the next couple of days,

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Speaker 1: and that Senate Impeachment Trial UH now very much underway,

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Speaker 1: having having Speaker Pelosi having recently signed them. Meanwhile, we're

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Speaker 1: carefully monitoring this story, but of course we're carefully monitoring

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Speaker 1: the U. S. China trade story. And I'll pivot now

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Speaker 1: back to trade policy. I spoke with Senator Joni Ernst,

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Speaker 1: a Republican from Iowa, about the latest trade developments as

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Speaker 1: it relates to the U. S. And China trade deal.

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Speaker 1: Take a listen to what she told me. Well, of course,

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Speaker 1: Iowa is really proud of our traditions, and this Phase

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Speaker 1: one China deal focuses heavily on the purchase of agricultural

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Speaker 1: goods by China. So number one, that is a big

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Speaker 1: boon for Iowa farmers. But then you talk about out

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Speaker 1: enforcement mechanisms and you get into intellectual property theft, things

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Speaker 1: of that nature. We will continue to build on that

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Speaker 1: as we move into phase two. That we're starting with

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Speaker 1: a products forty to fifty billion dollars worth of purchases.

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Speaker 1: That's a good deal. Last night covering in the Moine,

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Speaker 1: covering the Democratic presidential debate, and I was struck by

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Speaker 1: just out the talk in that spin room and the

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Speaker 1: talk amongst farmers in that area. It's all about farming,

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Speaker 1: it's all about agriculture dollars. What specifically does that mean

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Speaker 1: for your state? Well, that means we will now be

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Speaker 1: able to get our goods into China again. Um. We

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Speaker 1: have had a great trade relationship with the country of China.

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Speaker 1: We are very very good closely related countries and state.

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Speaker 1: But what we have seen though is the bad actions

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Speaker 1: by China on the part of our farmers where they

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Speaker 1: will order our commodities, they'll cancel those contracts and then

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Speaker 1: they renaciate for a lower contract price. Bad behavior by

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Speaker 1: the Chinese. Now we have a way to push it.

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Speaker 1: So are you confident that there are enough enforcement mechanisms

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Speaker 1: in place in this in this phase one deal to

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Speaker 1: to make sure they're held accountable. I am confident in

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Speaker 1: Phase one. I believe the Chinese know what our markers are.

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Speaker 1: Now we've laid those down. They know where they need

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Speaker 1: to improve, We know where we need to improve, and

428
00:23:24,760 --> 00:23:26,800
Speaker 1: all we can do at this point now is continue

429
00:23:26,840 --> 00:23:28,960
Speaker 1: to build on that and take it even further with

430
00:23:29,040 --> 00:23:30,560
Speaker 1: a phase two. You know, and I was preparing for

431
00:23:30,560 --> 00:23:32,520
Speaker 1: this interview, and I was looking at my reporter hopebook.

432
00:23:32,720 --> 00:23:35,480
Speaker 1: I made a note of of President Trump really praising

433
00:23:35,680 --> 00:23:39,600
Speaker 1: you and uh sent your colleague Senator Chuck Grassley, uh

434
00:23:39,680 --> 00:23:42,119
Speaker 1: and and really saying that every time he spoke to

435
00:23:42,320 --> 00:23:44,680
Speaker 1: both of you, you mentioned ethanol, and you mentioned the

436
00:23:44,720 --> 00:23:47,760
Speaker 1: impact that ethanol has in Iowa, and this is how

437
00:23:47,800 --> 00:23:50,199
Speaker 1: is that going to impact the ethanol industry? Absolutely, we

438
00:23:50,240 --> 00:23:54,520
Speaker 1: are very hopeful that than through the purchases that would

439
00:23:54,520 --> 00:23:58,280
Speaker 1: be considered a purchase um if they want to engage

440
00:23:58,400 --> 00:24:01,440
Speaker 1: in the ethanol market, we are hopeful that they will

441
00:24:01,440 --> 00:24:03,719
Speaker 1: be able to do that and it'll be an acceptable

442
00:24:03,720 --> 00:24:07,520
Speaker 1: product going to China. So we are really excited, whether

443
00:24:07,560 --> 00:24:12,000
Speaker 1: it's our our egg growers, those in the pork industry,

444
00:24:12,160 --> 00:24:17,000
Speaker 1: those in cattle, corn, and soybeans, hopefully now ethanol as well.

445
00:24:17,160 --> 00:24:20,360
Speaker 1: Economics has really been the only track for this particular

446
00:24:20,680 --> 00:24:23,280
Speaker 1: portion of the U. S. China Phase Deal. National security

447
00:24:23,320 --> 00:24:25,879
Speaker 1: has been left in a separate lane issues pertaining to

448
00:24:25,960 --> 00:24:29,919
Speaker 1: five g's ahawey as well as other intellectual property national

449
00:24:29,920 --> 00:24:32,399
Speaker 1: security issues where there seems to be non partisan consensus

450
00:24:32,400 --> 00:24:35,520
Speaker 1: here in the halls of Congress. What is the driving

451
00:24:35,720 --> 00:24:39,040
Speaker 1: question mark in phase two in terms of the timetable

452
00:24:39,119 --> 00:24:42,560
Speaker 1: and subject material for that. Well, again, I think you

453
00:24:42,640 --> 00:24:45,480
Speaker 1: have hit on all of those areas, but I think

454
00:24:45,480 --> 00:24:47,760
Speaker 1: that we do have to start working towards that. I

455
00:24:47,800 --> 00:24:50,320
Speaker 1: think it does get more complicated as we move into

456
00:24:50,320 --> 00:24:53,200
Speaker 1: phase two when we talk about technology and the issues

457
00:24:53,320 --> 00:24:56,959
Speaker 1: we have with technology. We are working as the United

458
00:24:57,000 --> 00:25:00,280
Speaker 1: States with a number of other allied nations and wishing

459
00:25:00,320 --> 00:25:04,919
Speaker 1: back against the Chinese and perhaps funny business and technology

460
00:25:05,680 --> 00:25:07,639
Speaker 1: about to be over the finish line too. Yes, the

461
00:25:07,760 --> 00:25:10,040
Speaker 1: U S. M c A to be voted on Thursday

462
00:25:10,240 --> 00:25:14,360
Speaker 1: in the Senate and we expect overwhelming support. Let's get

463
00:25:14,400 --> 00:25:16,720
Speaker 1: it to the president. So for Iowa state, the President

464
00:25:16,720 --> 00:25:19,119
Speaker 1: Trump carried by ten percentage points against Hillary Clinton in

465
00:25:20,600 --> 00:25:22,800
Speaker 1: there were some tensions. We've reported on them. You and

466
00:25:22,840 --> 00:25:25,119
Speaker 1: I have someone talked about it between the President and

467
00:25:25,160 --> 00:25:28,320
Speaker 1: the ethanol industry. What does today mean and tomorrow mean

468
00:25:28,400 --> 00:25:31,399
Speaker 1: these trade agreements mean for the President's relationship with some

469
00:25:31,480 --> 00:25:34,239
Speaker 1: key stakeholders in Iowa. Again, it's a big boon for

470
00:25:34,280 --> 00:25:38,080
Speaker 1: those farmers. Not only is he working on their commodities

471
00:25:38,119 --> 00:25:41,320
Speaker 1: and making sure that we are expanding the world that

472
00:25:41,359 --> 00:25:44,119
Speaker 1: we can push them out to UM, but then also

473
00:25:44,240 --> 00:25:48,760
Speaker 1: going further with technology, say in a phase to agreement, UH,

474
00:25:49,000 --> 00:25:55,280
Speaker 1: the things that farmers rely on for precision agriculture and otherwise.

475
00:25:55,400 --> 00:25:58,840
Speaker 1: So this is exciting for our farmers, are manufacturers, are

476
00:25:58,920 --> 00:26:02,280
Speaker 1: small businessmen. I look forward to saying where it takes.

477
00:26:02,720 --> 00:26:06,400
Speaker 1: That was Senator Joanie Ernst, a Republican from Iowa, speaking

478
00:26:06,400 --> 00:26:10,359
Speaker 1: with me earlier today on Bloomberg Television about the US

479
00:26:10,520 --> 00:26:15,240
Speaker 1: China trade deal. Meanwhile, on Capitol Hill, I want to

480
00:26:15,280 --> 00:26:19,920
Speaker 1: dip into what is happening in the Senate chamber where UH,

481
00:26:19,960 --> 00:26:22,760
Speaker 1: the Senate Majority Leader Mitch McConnell is on the Senate floor.

482
00:26:22,800 --> 00:26:25,800
Speaker 1: He said that he has just finished speaking and they

483
00:26:25,800 --> 00:26:29,320
Speaker 1: have received the impeachment managers at UH and the trial

484
00:26:29,440 --> 00:26:34,000
Speaker 1: is going to begin within the next couple of days. UH.

485
00:26:34,040 --> 00:26:36,359
Speaker 1: There's been a bevy of activity on the floor of

486
00:26:36,440 --> 00:26:40,119
Speaker 1: the Senate with lawmakers on the Senate as UH. The

487
00:26:40,200 --> 00:26:45,040
Speaker 1: House impeachment managers have walked from the House to the

488
00:26:45,160 --> 00:26:49,080
Speaker 1: Senate Chamber where they have delivered the articles of impeachment uh,

489
00:26:49,119 --> 00:26:53,240
Speaker 1: and they have formally now kick started that process. The

490
00:26:53,280 --> 00:26:56,160
Speaker 1: President Trump's impeachment trial is going to begin on Tuesday.

491
00:26:56,200 --> 00:27:00,880
Speaker 1: Senate Majority Leader Mitch McConnell has just announced. Mitch McConnell

492
00:27:00,880 --> 00:27:02,600
Speaker 1: says that the Senate will finish U S m c

493
00:27:02,760 --> 00:27:06,080
Speaker 1: A trade deal tomorrow on Thursday, and Chief Justice Roberts

494
00:27:06,119 --> 00:27:10,120
Speaker 1: will be brought into the Senate on Thursday. Leader McConnell

495
00:27:10,480 --> 00:27:14,680
Speaker 1: has also, uh, just said, So Joe Crawley's here. He's

496
00:27:14,720 --> 00:27:17,480
Speaker 1: a former New York congressman and Democratic Caucus chair Tyler

497
00:27:17,480 --> 00:27:22,440
Speaker 1: Deaton Republican strategists. Uh, Joe is historically wow. I mean,

498
00:27:22,440 --> 00:27:27,080
Speaker 1: this is a significant moment now that this is fully underway. Well,

499
00:27:27,119 --> 00:27:29,280
Speaker 1: I think you are so. Earlier the bill's signing, we

500
00:27:29,280 --> 00:27:32,960
Speaker 1: were discussing whether it's necessary or not. I think people

501
00:27:32,960 --> 00:27:35,280
Speaker 1: who aren't familiar with the formalities of the House and

502
00:27:35,320 --> 00:27:38,199
Speaker 1: the Senate don't realize just how formal it can be.

503
00:27:38,480 --> 00:27:42,119
Speaker 1: Are keenly formal to some degree, as we said go

504
00:27:42,160 --> 00:27:44,920
Speaker 1: and throwing back. Tyler made reference although missing that was

505
00:27:44,960 --> 00:27:47,679
Speaker 1: the wings in the robes, you know. But there is

506
00:27:47,680 --> 00:27:49,359
Speaker 1: a very formal process. I think that it has been

507
00:27:49,359 --> 00:27:53,280
Speaker 1: coordinated between the House UH leadership and the Republican Senate

508
00:27:53,320 --> 00:27:55,919
Speaker 1: leadership in terms of the handoff here. Uh. And so

509
00:27:55,960 --> 00:27:58,320
Speaker 1: it begins as we say as well and uh, you

510
00:27:58,320 --> 00:28:01,000
Speaker 1: know the wild card here I guess, well or not,

511
00:28:01,240 --> 00:28:05,240
Speaker 1: witnesses will be called and if so, what does that

512
00:28:05,280 --> 00:28:07,320
Speaker 1: constitute a game change? Will there be something that is

513
00:28:07,520 --> 00:28:10,120
Speaker 1: testified to that we don't know at this point. Will

514
00:28:10,160 --> 00:28:12,600
Speaker 1: Bolton testify? Will all this testify? And I think that

515
00:28:12,760 --> 00:28:16,640
Speaker 1: is the hunter Biden testify. Well, yeah, well that happened,

516
00:28:17,400 --> 00:28:21,560
Speaker 1: you know. Um, I think that that would really really

517
00:28:21,560 --> 00:28:24,960
Speaker 1: I think blow things up enormously. Um. But you know,

518
00:28:25,200 --> 00:28:26,960
Speaker 1: I don't know what to expect in terms of the

519
00:28:27,080 --> 00:28:30,440
Speaker 1: negotiations that will go on between Schumer UH and UH

520
00:28:30,440 --> 00:28:32,480
Speaker 1: and Mitch McConnell at this point. Yeah. But one factor

521
00:28:32,520 --> 00:28:34,760
Speaker 1: two that I actually I don't know what effect this

522
00:28:34,800 --> 00:28:36,720
Speaker 1: is going to have is that while the trial is

523
00:28:36,760 --> 00:28:40,040
Speaker 1: taking place, all one senators are required to be there

524
00:28:40,160 --> 00:28:43,120
Speaker 1: in the chamber off their phones. And we've got a

525
00:28:43,160 --> 00:28:45,880
Speaker 1: few of these folks running for president, and so I

526
00:28:45,920 --> 00:28:48,680
Speaker 1: don't know what this means for Senators Clobush, are Warren,

527
00:28:48,680 --> 00:28:51,880
Speaker 1: and Sanders that they are essentially going to be derailed.

528
00:28:51,920 --> 00:28:53,320
Speaker 1: I mean, they can't be in Iowa, they can't be

529
00:28:53,360 --> 00:28:55,520
Speaker 1: in New Hampshire. They've got to be here in d C. Now.

530
00:28:55,520 --> 00:28:57,480
Speaker 1: I think some people might be overseeving the effect on

531
00:28:57,520 --> 00:28:59,240
Speaker 1: their campaigns, but it's got to be a bit of

532
00:28:59,280 --> 00:29:02,920
Speaker 1: an advantage of Biden Buddha edge. And I guess Tom

533
00:29:02,960 --> 00:29:05,960
Speaker 1: Styre is going to go down as the last thing

534
00:29:06,640 --> 00:29:09,200
Speaker 1: that lawmakers are able to get done of significance between

535
00:29:09,200 --> 00:29:11,680
Speaker 1: now and election day. A likely that that's probably true.

536
00:29:11,720 --> 00:29:14,280
Speaker 1: A though I'm not holding up that something else can't

537
00:29:14,680 --> 00:29:17,000
Speaker 1: get done. What else we get done? Well, I think

538
00:29:17,000 --> 00:29:19,280
Speaker 1: there still may be an opioid addiction bill that might

539
00:29:19,280 --> 00:29:22,320
Speaker 1: be able to get done. I think doing a prescription

540
00:29:22,400 --> 00:29:24,680
Speaker 1: drug bill. I think in terms of what the House

541
00:29:24,760 --> 00:29:27,440
Speaker 1: is passing with the president once, I think it's probably unlikely.

542
00:29:27,880 --> 00:29:30,880
Speaker 1: But um, you know, they're They've they've passed a budget

543
00:29:30,920 --> 00:29:32,760
Speaker 1: until I think September, so they will have to do

544
00:29:32,840 --> 00:29:36,560
Speaker 1: something before November. Uh, and they probably will at some

545
00:29:36,640 --> 00:29:39,440
Speaker 1: point to get to get past that point. Yeah, I

546
00:29:39,480 --> 00:29:42,280
Speaker 1: suspect Leader McConnell will confirm a few more dozen judges.

547
00:29:42,920 --> 00:29:45,479
Speaker 1: It doesn't need a house for that. But just in

548
00:29:45,600 --> 00:29:49,560
Speaker 1: terms of where this is going, to Tyler's point, every republic,

549
00:29:49,600 --> 00:29:52,480
Speaker 1: every Senator has to be president for this impeachment trial,

550
00:29:52,920 --> 00:29:57,520
Speaker 1: Barney Sanders, Elizabeth Moore, and Amy Klob. I mean, this

551
00:29:57,680 --> 00:30:00,720
Speaker 1: is going to completely drown out all of the other

552
00:30:00,840 --> 00:30:03,800
Speaker 1: coverage as it relates to anything else getting done. I mean,

553
00:30:05,320 --> 00:30:07,960
Speaker 1: I'm curious to see how the networks are gonna have

554
00:30:08,000 --> 00:30:10,320
Speaker 1: to cover this every single step of the way. I

555
00:30:10,360 --> 00:30:12,240
Speaker 1: think the good news here is that Tom start could

556
00:30:12,240 --> 00:30:16,280
Speaker 1: probably borrow tie now from Bernie Sanders. Joe came on,

557
00:30:16,840 --> 00:30:19,440
Speaker 1: we're in the We're in the in the Bloombird Bureau pantry,

558
00:30:19,520 --> 00:30:22,280
Speaker 1: and he goes, you start talking about Tom Steiner's tie.

559
00:30:22,840 --> 00:30:25,560
Speaker 1: I said, what what are you have against Tom Steyers? Like?

560
00:30:26,320 --> 00:30:29,040
Speaker 1: I didn't even notice it. It was nice the first, second, third, fourth,

561
00:30:29,040 --> 00:30:30,760
Speaker 1: and fifth time I saw it on television and it's

562
00:30:30,800 --> 00:30:33,760
Speaker 1: a discommercial, So wow, what was the tie? I don't

563
00:30:33,760 --> 00:30:38,480
Speaker 1: even remember that Scottish red plaid you've got right now,

564
00:30:38,600 --> 00:30:40,560
Speaker 1: And I've got nothing against floral times. I'm not cool

565
00:30:40,680 --> 00:30:42,680
Speaker 1: enough like Joe Crowley is to be able to pull

566
00:30:42,680 --> 00:30:45,520
Speaker 1: off a floral tie. But you're I mean, with all

567
00:30:45,560 --> 00:30:47,800
Speaker 1: due respect, please let's tell my phone we can Stitch

568
00:30:47,800 --> 00:30:52,520
Speaker 1: would say I look cool to my floral Oh boy, listen,

569
00:30:52,560 --> 00:30:54,800
Speaker 1: never a dull moment. All right, Well, let's let's pick

570
00:30:54,880 --> 00:30:57,120
Speaker 1: it back to uh, the policy. Let's talk about the

571
00:30:57,120 --> 00:30:58,840
Speaker 1: debate we didn't we didn't get to because of the

572
00:30:58,880 --> 00:31:00,760
Speaker 1: breaking news on Capitol Hill. Get if you're just joining.

573
00:31:00,800 --> 00:31:04,000
Speaker 1: US House Speaker Nancy Pelosi signed to articles of impeachment

574
00:31:04,040 --> 00:31:07,400
Speaker 1: against President Donald Trump shortly before they were delivered to

575
00:31:07,400 --> 00:31:10,640
Speaker 1: the Senate, where the U. S President faces charges or

576
00:31:10,720 --> 00:31:13,880
Speaker 1: faces trial on charges of abuse of power and obstruction

577
00:31:13,960 --> 00:31:17,480
Speaker 1: of Congress. It was a lot of pageantry that we

578
00:31:17,600 --> 00:31:22,680
Speaker 1: just witnessed, historic pageantry, and the president is not blinking, folks.

579
00:31:23,120 --> 00:31:25,440
Speaker 1: I really do want to dive into the Democratic presidential

580
00:31:25,440 --> 00:31:29,080
Speaker 1: debate because I was in Des Moines yesterday covering it

581
00:31:29,240 --> 00:31:33,080
Speaker 1: and I'm really struck by Elizabeth Warren and Bernie Sanders

582
00:31:33,160 --> 00:31:36,400
Speaker 1: and what went on. They publicly their camps have said

583
00:31:36,400 --> 00:31:39,720
Speaker 1: there's been a de escalation. But talking about pagetry, the handshake,

584
00:31:39,800 --> 00:31:42,360
Speaker 1: the misshandshake after the debate when they were on the

585
00:31:42,400 --> 00:31:47,160
Speaker 1: stage where Senator Warren didn't shake Senator Sanders his hand,

586
00:31:48,200 --> 00:31:50,800
Speaker 1: he said that he didn't say that a woman couldn't

587
00:31:50,880 --> 00:31:56,280
Speaker 1: be president. Then you had the CNN UM moderator asked

588
00:31:56,440 --> 00:31:59,440
Speaker 1: a question to Elizabeth Warren and she said he did

589
00:31:59,480 --> 00:32:03,240
Speaker 1: say it, or she disagreed. Joe Crawley, you must have

590
00:32:03,240 --> 00:32:07,320
Speaker 1: thrown the remote at the TV screen last night. Well,

591
00:32:07,360 --> 00:32:10,040
Speaker 1: I think a couple of things. One is, uh, whether

592
00:32:10,080 --> 00:32:12,000
Speaker 1: Bernie actually said that or not. I think he probably

593
00:32:12,000 --> 00:32:15,680
Speaker 1: intimated that in the sense that in talking about it,

594
00:32:15,840 --> 00:32:17,960
Speaker 1: he thinks he would have won, he thinks he would

595
00:32:17,960 --> 00:32:19,960
Speaker 1: have won the election had he been the candidate, So

596
00:32:21,320 --> 00:32:23,200
Speaker 1: that he does that mean that he doesn't think a

597
00:32:23,200 --> 00:32:25,479
Speaker 1: woman can win. Though again I don't know how much

598
00:32:25,560 --> 00:32:28,000
Speaker 1: entire listen he said, she said or she said he

599
00:32:28,080 --> 00:32:31,720
Speaker 1: said in this particular case, clearly they disagree. Uh. The

600
00:32:31,760 --> 00:32:34,680
Speaker 1: Washington Post attempted to say they'd handle it really well,

601
00:32:34,720 --> 00:32:36,640
Speaker 1: and I think on screen they did. But afterwards, the

602
00:32:36,880 --> 00:32:38,680
Speaker 1: all the talk is about the lack of a handshake

603
00:32:38,680 --> 00:32:40,960
Speaker 1: and putting it to rest after that, So, you know,

604
00:32:41,040 --> 00:32:44,400
Speaker 1: I think this is something certainly Bernie was not hoping

605
00:32:44,520 --> 00:32:47,840
Speaker 1: to have to deal with it, was Elizabeth Warren hoping

606
00:32:47,880 --> 00:32:50,280
Speaker 1: to deal with it. It's a good question. I think

607
00:32:50,320 --> 00:32:52,920
Speaker 1: that's more and more likely that it was fairly planned.

608
00:32:52,960 --> 00:32:57,920
Speaker 1: I think, to some degrade planned, but I mean, Tyler

609
00:32:57,960 --> 00:32:59,680
Speaker 1: come in here. Well, it's hard to know. I mean,

610
00:32:59,760 --> 00:33:01,920
Speaker 1: I think that, by the looks of it, it was

611
00:33:02,000 --> 00:33:04,959
Speaker 1: Warren team members who started this whole story. Whenever they

612
00:33:05,040 --> 00:33:08,520
Speaker 1: leaked to the Washington Post that, um, the details of

613
00:33:08,520 --> 00:33:10,720
Speaker 1: this conversation, or to Politico that the details of the

614
00:33:10,720 --> 00:33:13,160
Speaker 1: conversation where that Bernie Sanders said that a woman couldn't

615
00:33:13,200 --> 00:33:16,280
Speaker 1: beat Trump, Um, they I think that they started. And

616
00:33:16,280 --> 00:33:18,360
Speaker 1: I guess nobody really knows for sure. But look, I mean,

617
00:33:18,400 --> 00:33:20,680
Speaker 1: we can tell by how this story started. It started

618
00:33:20,720 --> 00:33:23,320
Speaker 1: in the Warren camp. And here's where your entire career,

619
00:33:23,800 --> 00:33:26,080
Speaker 1: I think comes into play. Because Bernie Sanders is a

620
00:33:26,120 --> 00:33:28,600
Speaker 1: guy who, whether you like him or hate him, he

621
00:33:28,640 --> 00:33:31,000
Speaker 1: tells the truth. I mean, Bernie tells the truth, even

622
00:33:31,000 --> 00:33:33,080
Speaker 1: when it's crazy and even when it's to his own detriment.

623
00:33:33,280 --> 00:33:35,720
Speaker 1: And that's his brand as easy truth teller. And I

624
00:33:35,760 --> 00:33:37,240
Speaker 1: don't know that you can say the same thing about

625
00:33:37,280 --> 00:33:39,640
Speaker 1: Senator Warren that she has an entire brand built on

626
00:33:39,680 --> 00:33:42,200
Speaker 1: credibility and truth telling, and so all of that is

627
00:33:42,240 --> 00:33:44,440
Speaker 1: kind of coming to a head because whenever I see

628
00:33:44,680 --> 00:33:47,320
Speaker 1: their stories, the way they've talked about their past. I mean,

629
00:33:47,320 --> 00:33:49,600
Speaker 1: Elizabeth Warren has these weird stories about what she fired.

630
00:33:49,680 --> 00:33:51,560
Speaker 1: Was she not? Did her kid go to private school

631
00:33:51,640 --> 00:33:54,800
Speaker 1: or did he not? Her credibility here really matters, and

632
00:33:54,920 --> 00:33:57,200
Speaker 1: I don't think she has the credibility that Senator Sanders

633
00:33:57,280 --> 00:33:59,960
Speaker 1: reminds me of. Not to get really into the weed, Joe,

634
00:34:00,160 --> 00:34:02,480
Speaker 1: I'm wondering if you remember this. This reminds me of

635
00:34:02,520 --> 00:34:07,120
Speaker 1: two thousand and fifteen, when five top Democratic economists criticized

636
00:34:07,200 --> 00:34:11,799
Speaker 1: Senator Elizabeth Warren and the left leaning Brookings Institution for

637
00:34:11,800 --> 00:34:15,560
Speaker 1: forcing one of its own non resident economic fellows to resign.

638
00:34:16,000 --> 00:34:18,080
Speaker 1: I don't know if anyone remembers Robert Litton. He was

639
00:34:18,120 --> 00:34:22,480
Speaker 1: a nonresident and an unpaid economics fellow at Brookings, and

640
00:34:23,040 --> 00:34:28,320
Speaker 1: he Senator Warren accused him of using Brookings to pedal

641
00:34:28,360 --> 00:34:31,360
Speaker 1: an industry back study that was critical of financial advice

642
00:34:31,440 --> 00:34:35,480
Speaker 1: and the fiduciary issue, and he lost his job, and

643
00:34:36,560 --> 00:34:42,640
Speaker 1: in hindsight, Senator Warren backed off, But it really upended

644
00:34:42,719 --> 00:34:46,600
Speaker 1: the the It really was the talk of the financial

645
00:34:46,600 --> 00:34:48,680
Speaker 1: services crowd back in two thousand and fifteen. The reason

646
00:34:48,680 --> 00:34:52,200
Speaker 1: I bring this up is because it it this is

647
00:34:52,239 --> 00:34:54,879
Speaker 1: what this reminds me of in terms of Senator Warren

648
00:34:54,920 --> 00:34:57,640
Speaker 1: has always really been a happy warrior for progressive causes.

649
00:34:58,320 --> 00:35:02,640
Speaker 1: But then there's this that happens. So I think you

650
00:35:02,719 --> 00:35:04,600
Speaker 1: have to also keep in mind they're both running for

651
00:35:04,640 --> 00:35:07,200
Speaker 1: president United States. It's not like they can both win,

652
00:35:08,040 --> 00:35:10,480
Speaker 1: you know, so at some point they're gonna come. They're

653
00:35:10,520 --> 00:35:13,240
Speaker 1: going after many respects the same voters. I think people

654
00:35:13,239 --> 00:35:16,280
Speaker 1: who believe in Elizabeth Warren believe Elizabeth Warren. People believe

655
00:35:16,320 --> 00:35:20,919
Speaker 1: in Bernie Sanders believe Bernie Sanders. And it's to take

656
00:35:20,960 --> 00:35:22,719
Speaker 1: one side and to say the other is a liar, right,

657
00:35:22,760 --> 00:35:24,319
Speaker 1: And I think that's where you start to get into

658
00:35:24,360 --> 00:35:26,440
Speaker 1: a really, really deep, deep trouble. Can I put you

659
00:35:26,480 --> 00:35:30,319
Speaker 1: on the spot, Senator Warren, does she reminded? Does her

660
00:35:30,360 --> 00:35:34,480
Speaker 1: strategy in mind you of Ted Cruz. I'm not answering

661
00:35:34,520 --> 00:35:38,279
Speaker 1: that question, Tyler, sure, but I'll tell you I think

662
00:35:38,280 --> 00:35:41,240
Speaker 1: that what's what's worse about it for both Elizabeth Warren

663
00:35:41,239 --> 00:35:43,480
Speaker 1: and Bernie Sanders is that they both lost the debate.

664
00:35:43,760 --> 00:35:46,360
Speaker 1: I think I actually think that one, because they're all

665
00:35:46,360 --> 00:35:48,520
Speaker 1: anybody's talking about. I don't think so. I think Vice

666
00:35:48,520 --> 00:35:50,799
Speaker 1: President Biden won that debate, and I think that it

667
00:35:50,920 --> 00:35:53,319
Speaker 1: was yet one let me correct myself. I love the

668
00:35:53,360 --> 00:35:56,239
Speaker 1: three of them all one because anyone's everyone. I mean,

669
00:35:56,239 --> 00:35:59,120
Speaker 1: Elizabeth Warren is able to seize on this historic notion

670
00:35:59,360 --> 00:36:02,160
Speaker 1: she would become the first female president. Bernie Sanders is,

671
00:36:02,480 --> 00:36:04,759
Speaker 1: you know, once again saying he's not he's gonna fight,

672
00:36:05,320 --> 00:36:08,759
Speaker 1: and Joe Biden continues to think he stayed above the fray. Yeah,

673
00:36:08,840 --> 00:36:10,600
Speaker 1: and and it's yet another time now. I think between

674
00:36:10,600 --> 00:36:12,960
Speaker 1: Bernie and Elizabeth, Bernie won that between the two of them.

675
00:36:12,960 --> 00:36:16,839
Speaker 1: But still Vice President Biden looked very presidential last night.

676
00:36:17,120 --> 00:36:18,880
Speaker 1: I think he held his own I think he has

677
00:36:18,920 --> 00:36:22,080
Speaker 1: a tremendous staying power through this entire campaign. He's still

678
00:36:22,239 --> 00:36:24,880
Speaker 1: leading in the polls, and he's doing better. You know,

679
00:36:24,880 --> 00:36:26,879
Speaker 1: he's kind of inching up as others are inching down

680
00:36:26,880 --> 00:36:30,640
Speaker 1: in some of these early state poles. I'm in my opinion,

681
00:36:30,600 --> 00:36:34,640
Speaker 1: I'm not exchange. I think I think that he suggested

682
00:36:34,760 --> 00:36:38,040
Speaker 1: or intimated that she couldn't win. But the whole exchange

683
00:36:38,080 --> 00:36:41,719
Speaker 1: to me felt cringeworthy because but I think I think

684
00:36:41,840 --> 00:36:44,520
Speaker 1: Biden has been the one word that I keep coming

685
00:36:44,520 --> 00:36:48,360
Speaker 1: back to is consistent. Joe Biden has been consistently leading

686
00:36:48,480 --> 00:36:56,120
Speaker 1: the polls, consistently in terms of articulating his ideasology views. Uh.

687
00:36:56,120 --> 00:36:58,400
Speaker 1: And when I was talking with Kate Bedingfield in the

688
00:36:58,440 --> 00:37:01,600
Speaker 1: spin room and Smote Sanders in the spin room, they

689
00:37:01,680 --> 00:37:04,239
Speaker 1: feel very consistent in terms of how they're messaging. All right,

690
00:37:04,480 --> 00:37:07,280
Speaker 1: enough about the debate. What's on your radar? Go quickly, Tyler.

691
00:37:07,280 --> 00:37:09,439
Speaker 1: I'll tell you what's interesting, just as a random news

692
00:37:09,480 --> 00:37:13,120
Speaker 1: item is. Today, Virginia ratified the Equal Rights Amendment. They're

693
00:37:13,160 --> 00:37:14,919
Speaker 1: now the thirty eight state. You have to have three

694
00:37:14,920 --> 00:37:17,640
Speaker 1: fourths of the states to ratify a constitutional amendment. It's

695
00:37:17,640 --> 00:37:19,720
Speaker 1: gonna go to court because they've not got to decide

696
00:37:19,719 --> 00:37:22,480
Speaker 1: whether it was even ratified in a timely manner. But

697
00:37:22,640 --> 00:37:24,680
Speaker 1: I think it could either be history making one way

698
00:37:24,800 --> 00:37:27,360
Speaker 1: or the Did it get Republican support, not much, but

699
00:37:27,440 --> 00:37:30,200
Speaker 1: if they got a couple yeah, who we know, some

700
00:37:30,600 --> 00:37:33,799
Speaker 1: state senator you know that's yeah, good. I mean it'll

701
00:37:33,800 --> 00:37:36,560
Speaker 1: be it'll be interesting to see if other states follow

702
00:37:36,640 --> 00:37:39,719
Speaker 1: suit and and whether or not a Republican bill from

703
00:37:39,840 --> 00:37:42,799
Speaker 1: Utah will become law. As well. Joe Carley, what's on

704
00:37:42,960 --> 00:37:46,120
Speaker 1: your radar? It's glad to see that the Stormount government

705
00:37:46,200 --> 00:37:48,160
Speaker 1: is up and running again in Northern Ireland and that

706
00:37:48,280 --> 00:37:51,920
Speaker 1: it leads to I think real brigsit come February one,

707
00:37:52,080 --> 00:37:54,160
Speaker 1: and I think that Hawkeem Jeffreys is going to become

708
00:37:54,160 --> 00:37:57,000
Speaker 1: a household name. So do I. He's an incredible guy.

709
00:37:57,480 --> 00:37:59,160
Speaker 1: He took my place his chair at the caucus of

710
00:37:59,200 --> 00:38:02,200
Speaker 1: the House Democratic Caucus. But he's a wonderful, wonderful man,

711
00:38:02,320 --> 00:38:04,960
Speaker 1: and I think very undervestimated by folks and one of

712
00:38:04,960 --> 00:38:06,839
Speaker 1: the impeachment managed, one of the peach manager. I think

713
00:38:06,840 --> 00:38:08,319
Speaker 1: he's gonna become a household name. But what do you

714
00:38:08,600 --> 00:38:10,480
Speaker 1: without themings? I agree with you, what do you do

715
00:38:10,560 --> 00:38:14,840
Speaker 1: with being an appeachment manager. I just think it gets

716
00:38:15,080 --> 00:38:17,480
Speaker 1: the puple to have an opportunity to see this person

717
00:38:17,520 --> 00:38:22,680
Speaker 1: in action, his intellect, his ability to speak out and look,

718
00:38:22,760 --> 00:38:25,880
Speaker 1: I think Adam has his own as his own tools.

719
00:38:25,920 --> 00:38:28,839
Speaker 1: He was a former federal process laugh at well, look,

720
00:38:28,880 --> 00:38:31,000
Speaker 1: I think the President has done a disservice to him

721
00:38:31,000 --> 00:38:34,080
Speaker 1: by suggesting that he's corrupt in some way. Adam Shift

722
00:38:34,120 --> 00:38:36,319
Speaker 1: is a very honest and decent fellow and This is

723
00:38:36,320 --> 00:38:38,000
Speaker 1: his opportunity as well. I think he's also gonna be

724
00:38:38,000 --> 00:38:39,919
Speaker 1: Some people already know who Adam Shift is, but they're

725
00:38:39,920 --> 00:38:41,480
Speaker 1: gonna know who Kim Jeffreys is. You know, it's not

726
00:38:41,600 --> 00:38:46,640
Speaker 1: my radar, Gentlemen, Russia, not Brexit, not mexit Russia. Did

727
00:38:46,680 --> 00:38:49,040
Speaker 1: you see this? I'm gonna read the headline from Reiter's. Russia.

728
00:38:49,040 --> 00:38:53,799
Speaker 1: President Vladimir Putin proposed constitutional changes on Wednesday that would

729
00:38:53,800 --> 00:38:57,600
Speaker 1: give him scope to extend his grip on power after

730
00:38:57,800 --> 00:39:01,120
Speaker 1: leaving the presidency and picked a new prime minister after

731
00:39:01,239 --> 00:39:05,880
Speaker 1: Dmitri Medvev and his cabinets stepped down. Most importantly, Putin

732
00:39:05,960 --> 00:39:09,319
Speaker 1: suggested diminishing the powers of the presidency and beefing up

733
00:39:09,400 --> 00:39:12,520
Speaker 1: those of the Prime Minister. Royger's goes on to describe

734
00:39:12,520 --> 00:39:15,719
Speaker 1: this as dramatic moves were widely seen as preparing the

735
00:39:15,760 --> 00:39:19,319
Speaker 1: ground for four when Putin is obliged to leave the

736
00:39:19,360 --> 00:39:24,200
Speaker 1: presidency after occupying the Kremlin for or after occupying the

737
00:39:24,239 --> 00:39:28,759
Speaker 1: Kremlin or the prime minister's job continuously since Wow, so

738
00:39:29,400 --> 00:39:32,680
Speaker 1: Putin staying in power, laying the groundwork for that. Thanks

739
00:39:32,680 --> 00:39:36,200
Speaker 1: to Joe Crowley, thanks to Tyler Deaton, I'm Kevin Cirelli,

740
00:39:36,280 --> 00:39:39,520
Speaker 1: Chief Washington correspondent for Bloomberg TV and radio. Thank you

741
00:39:39,680 --> 00:39:41,160
Speaker 1: for listening to Bloomberg