1 00:00:00,520 --> 00:00:05,240 Speaker 1: Now I'm Bloomberg government. What are the political reality? The 2 00:00:05,240 --> 00:00:08,080 Speaker 1: president has increasingly frustrated. I want to try to cut 3 00:00:08,080 --> 00:00:13,080 Speaker 1: through the noise politically. This is devastating. Sound off the insiders, 4 00:00:13,280 --> 00:00:16,840 Speaker 1: the influencers, insiders. There is no secret that I care 5 00:00:16,880 --> 00:00:19,800 Speaker 1: a lot about the consumers, and there are real questions 6 00:00:19,840 --> 00:00:22,400 Speaker 1: about did tap We still have more leverage to me 7 00:00:22,440 --> 00:00:24,159 Speaker 1: as with the tariffs. I think we could do with 8 00:00:24,239 --> 00:00:27,560 Speaker 1: a little less drama from the white He's sound on 9 00:00:27,760 --> 00:00:31,680 Speaker 1: with Kevin's here related on Bloomberg one and one oh 10 00:00:31,760 --> 00:00:33,960 Speaker 1: five point seven a m h D two bosom ol 11 00:00:34,680 --> 00:00:37,880 Speaker 1: cold enough for you? Well, it's frosty here in Washington. 12 00:00:37,960 --> 00:00:40,559 Speaker 1: The negotiations back and forth between the U. S and 13 00:00:40,640 --> 00:00:45,360 Speaker 1: China continue. President Trump says he's optimistic about a trade deal, 14 00:00:45,440 --> 00:00:50,480 Speaker 1: but not taking that March first tariff increase deadline off 15 00:00:50,479 --> 00:00:52,440 Speaker 1: the table. Just a few short days until the President 16 00:00:52,479 --> 00:00:55,960 Speaker 1: sets a deliver his State of the Union address. All 17 00:00:56,000 --> 00:00:59,520 Speaker 1: of that, plus the ongoing back and forth Republicans Democrats 18 00:00:59,520 --> 00:01:02,600 Speaker 1: will they that they shut down the government, build the wall, 19 00:01:02,640 --> 00:01:05,360 Speaker 1: steel slats. What are we calling it now? Enhanced fencing? 20 00:01:05,360 --> 00:01:08,000 Speaker 1: Who knows? We've got an all star panel. Mark Rosses 21 00:01:08,040 --> 00:01:11,959 Speaker 1: with US, the China US trade talk expert, Margaret talv 22 00:01:12,200 --> 00:01:15,880 Speaker 1: Bloomberg new senior White House reporter, and Ted Allen. He's 23 00:01:15,880 --> 00:01:19,640 Speaker 1: gonna tell us what the latest is with Michelle Obama's 24 00:01:19,800 --> 00:01:23,600 Speaker 1: education initiative. Remember Ted Allen, the o G guy from 25 00:01:23,720 --> 00:01:25,720 Speaker 1: Queer Eye for the Straight Guy and the host of 26 00:01:25,760 --> 00:01:30,000 Speaker 1: Food Networks Chopped. How are those trade talks impacting restaurants. 27 00:01:30,480 --> 00:01:33,319 Speaker 1: We'll take a look at that, But first, it is 28 00:01:33,360 --> 00:01:37,360 Speaker 1: cold outside, everybody. It is called understatement of the day. 29 00:01:37,440 --> 00:01:41,280 Speaker 1: I was actually interviewing the Senate Form Relations Committee Chairman 30 00:01:41,720 --> 00:01:45,880 Speaker 1: Rish earlier today, Republican from Idaho, and it's colder here 31 00:01:46,400 --> 00:01:49,680 Speaker 1: than it is out there. Who would have thought. We're 32 00:01:49,680 --> 00:01:51,960 Speaker 1: gonna talk about my interview with him later on in 33 00:01:51,960 --> 00:01:55,440 Speaker 1: the program, as well as all of the latest developments 34 00:01:55,480 --> 00:01:59,880 Speaker 1: happening between the US and China, the situation in Venezuela, UH, 35 00:02:00,040 --> 00:02:02,240 Speaker 1: and of course the government shut down. But I want 36 00:02:02,280 --> 00:02:04,240 Speaker 1: to take us right to the news because within the 37 00:02:04,280 --> 00:02:07,800 Speaker 1: past hour we heard from President Trump at the White 38 00:02:07,800 --> 00:02:10,640 Speaker 1: House who gave us an update on what is going 39 00:02:10,760 --> 00:02:14,000 Speaker 1: on with the Chinese delegation that's here in Washington, and 40 00:02:14,040 --> 00:02:17,600 Speaker 1: the trade talks that are happening and folks, it's trending 41 00:02:17,600 --> 00:02:20,640 Speaker 1: in the right direction. According to the President, nothing too 42 00:02:20,639 --> 00:02:22,519 Speaker 1: bad happened, at least according to him. I want to 43 00:02:22,520 --> 00:02:24,880 Speaker 1: play for you what he said here is this is 44 00:02:25,040 --> 00:02:27,600 Speaker 1: what we're talking about. You know, they're gonna buy some 45 00:02:27,680 --> 00:02:29,760 Speaker 1: corn and that's gonna be it. No, they're gonna buy corn. Hopefully, 46 00:02:29,800 --> 00:02:31,639 Speaker 1: they're gonna buy lots of corn, and lots of week 47 00:02:31,720 --> 00:02:33,919 Speaker 1: and lots of everything else. So we have. But they're 48 00:02:33,960 --> 00:02:39,119 Speaker 1: also talking heavy technology, heavy manufacturing, financial services, and everything else. 49 00:02:39,680 --> 00:02:42,760 Speaker 1: So that's President Trump. Margaret Taller Bloomberg new senior White 50 00:02:42,760 --> 00:02:45,920 Speaker 1: House reporter who covers all of these things for us 51 00:02:45,919 --> 00:02:49,480 Speaker 1: here at Bloomberg. Margaret, it would appear that the trade 52 00:02:49,480 --> 00:02:54,040 Speaker 1: talks trending positively. It could have goal worse. Uh, well, 53 00:02:54,120 --> 00:02:57,440 Speaker 1: it could always go worse, because I'm an optimist market 54 00:02:57,880 --> 00:03:00,639 Speaker 1: we know, among other things, what we have hanging over 55 00:03:00,760 --> 00:03:03,639 Speaker 1: us as the possibility that the President will pull the 56 00:03:03,639 --> 00:03:06,840 Speaker 1: trigger on kind of the next tranche of those tariffs. 57 00:03:06,960 --> 00:03:09,919 Speaker 1: Uh and uh, President Trump, this is actually some pretty 58 00:03:09,919 --> 00:03:13,000 Speaker 1: interesting theater because you hear him talking about soybeans. Um. 59 00:03:14,040 --> 00:03:16,679 Speaker 1: There are some concerns that he can actually get to 60 00:03:16,720 --> 00:03:18,800 Speaker 1: a deal faster than he should on this stuff. But 61 00:03:18,840 --> 00:03:20,680 Speaker 1: at the same time, the White House coming out and 62 00:03:20,720 --> 00:03:23,560 Speaker 1: putting out a statement after the President's remarks, UH that 63 00:03:23,800 --> 00:03:28,000 Speaker 1: underscores that that three month process, that March first deadline 64 00:03:28,040 --> 00:03:30,480 Speaker 1: is still a hard deadline, and that if a deal 65 00:03:30,600 --> 00:03:33,919 Speaker 1: is not reached by March the first, UH, that process 66 00:03:33,960 --> 00:03:37,480 Speaker 1: that was agreed to that could translate to more tariffs 67 00:03:37,760 --> 00:03:41,240 Speaker 1: will still kick in. So he's upbeat. He's talking about 68 00:03:41,480 --> 00:03:44,840 Speaker 1: top officials, um, you know, heading there and meetings with 69 00:03:44,880 --> 00:03:48,480 Speaker 1: the Chinese. But this is not done. It's not at all, 70 00:03:49,080 --> 00:03:51,119 Speaker 1: you know, And I'm so excited. We have our next days. 71 00:03:51,120 --> 00:03:52,920 Speaker 1: Mark Crosses is with us. Who's gonna join us later 72 00:03:52,960 --> 00:03:54,680 Speaker 1: in the hour to talk about the ins and outs 73 00:03:54,720 --> 00:03:56,720 Speaker 1: of all the policy of this. But Ted Allen is 74 00:03:56,720 --> 00:04:01,200 Speaker 1: an ambassador for former First Lady Michelle Obama's education initiative 75 00:04:01,320 --> 00:04:04,600 Speaker 1: Reach Higher. He's also a course, the host of Chopped 76 00:04:04,760 --> 00:04:09,360 Speaker 1: on Food Network and the o G Number. But but 77 00:04:09,520 --> 00:04:11,400 Speaker 1: I mean, seriously, Ted, thank you first of all for 78 00:04:11,440 --> 00:04:12,800 Speaker 1: being here. Thank you, And I want to talk about 79 00:04:12,800 --> 00:04:15,680 Speaker 1: the initiative in a minute. But we're talking about trade policy, 80 00:04:15,720 --> 00:04:20,120 Speaker 1: and you knowing the food industry inside and out, how 81 00:04:20,240 --> 00:04:24,760 Speaker 1: is this impacting? How are the President's economic policies impacting restaurants, 82 00:04:24,880 --> 00:04:29,000 Speaker 1: impacting the food industry as a whole. Well, I'm no economist, 83 00:04:29,080 --> 00:04:31,960 Speaker 1: but I have to say that it's staggering. It's flabbergasting 84 00:04:32,000 --> 00:04:33,880 Speaker 1: to me that the party that has been talking about 85 00:04:33,920 --> 00:04:37,160 Speaker 1: how trade should be free my entire life suddenly is 86 00:04:37,160 --> 00:04:41,240 Speaker 1: embracing tariffs, which incidentally raised the price of consumer goods. 87 00:04:41,520 --> 00:04:44,400 Speaker 1: So when you're shopping at Walmart, something that used to 88 00:04:44,440 --> 00:04:47,520 Speaker 1: cost it down now is probably going to cost more. 89 00:04:48,120 --> 00:04:50,800 Speaker 1: And I find that sort of incredible and illogical and 90 00:04:50,920 --> 00:04:54,240 Speaker 1: non Republican. But frankly, but President Trump is changing, of course, 91 00:04:54,279 --> 00:04:56,159 Speaker 1: the nature of the Republican Party, and a lot of 92 00:04:56,200 --> 00:04:58,200 Speaker 1: what we're seeing here is I mean, we saw some 93 00:04:58,279 --> 00:05:00,880 Speaker 1: of the threads of this into in the sixteen election 94 00:05:00,960 --> 00:05:04,760 Speaker 1: when it came to trade policy, and it's not it's 95 00:05:04,760 --> 00:05:06,360 Speaker 1: not as easy to say this is where Democrats are, 96 00:05:06,400 --> 00:05:08,760 Speaker 1: this is where Republicans anymore, they're at least two flanks 97 00:05:08,760 --> 00:05:10,559 Speaker 1: inside the Republicans. You know what I think you need? 98 00:05:10,720 --> 00:05:12,480 Speaker 1: I think we need an episode of Chopped where it's 99 00:05:12,520 --> 00:05:15,719 Speaker 1: Republicans versus Democrats. And as a Congress, I feel like 100 00:05:15,760 --> 00:05:19,000 Speaker 1: you're either onto something incredible or a terrible idea because 101 00:05:19,040 --> 00:05:23,160 Speaker 1: they Yeah, we'll have to talk about that when the 102 00:05:23,160 --> 00:05:26,800 Speaker 1: show's over. Ted Alan, ambassador for former First Lady Michelle 103 00:05:26,839 --> 00:05:30,480 Speaker 1: Obama's education initiative Reach Higher. We're talking about the president's 104 00:05:30,680 --> 00:05:34,279 Speaker 1: trade policies with China and this this populous streak that 105 00:05:34,320 --> 00:05:37,560 Speaker 1: he's seemingly trying to tap into. But from your perspective 106 00:05:37,600 --> 00:05:40,640 Speaker 1: as someone who has deep ties to the New York 107 00:05:40,720 --> 00:05:43,840 Speaker 1: scene as well as too obviously the former first ladies, 108 00:05:44,200 --> 00:05:47,800 Speaker 1: uh circle, what are you hearing in terms of how 109 00:05:48,560 --> 00:05:51,360 Speaker 1: all of this is playing with the backdrop of twenty 110 00:05:51,440 --> 00:05:54,520 Speaker 1: twenty just around the corner. From from your perspective, well, 111 00:05:54,560 --> 00:05:56,680 Speaker 1: I'm not really sure yet whether restaurants know what the 112 00:05:56,720 --> 00:05:58,280 Speaker 1: impact of all this is going to be. It's sort 113 00:05:58,320 --> 00:05:59,560 Speaker 1: of we seem it seems to be in sort of 114 00:05:59,560 --> 00:06:02,840 Speaker 1: a nascent stage. But you know, again, when you when you, 115 00:06:02,920 --> 00:06:05,000 Speaker 1: when you, when you, when you raise tariffs, which, by 116 00:06:05,040 --> 00:06:08,480 Speaker 1: the way, our taxes on good on consumer goods prices 117 00:06:08,520 --> 00:06:10,440 Speaker 1: go up, that inevitably is going to be reflected on 118 00:06:10,440 --> 00:06:12,960 Speaker 1: restaurant menus. And I'm sure that's got some general managers worried. 119 00:06:13,200 --> 00:06:15,560 Speaker 1: Let's bear in mind, I don't know if if everybody 120 00:06:15,600 --> 00:06:17,560 Speaker 1: knows this, but in the restaurant business, if you've got 121 00:06:17,600 --> 00:06:19,800 Speaker 1: a ten percent profit margin, you're hitting it out of 122 00:06:19,839 --> 00:06:22,320 Speaker 1: the park. It's a very difficult way to make a living. 123 00:06:22,360 --> 00:06:25,479 Speaker 1: The cost or extraordinary the payroll is huge. Food costs 124 00:06:25,520 --> 00:06:28,120 Speaker 1: are a very important part of that equation, and if 125 00:06:28,160 --> 00:06:30,600 Speaker 1: you raise the food costs, the prices are going up. 126 00:06:30,640 --> 00:06:32,920 Speaker 1: It's just that something in d C and and other 127 00:06:33,160 --> 00:06:36,320 Speaker 1: you know, big cities, the minimum wage debate has has 128 00:06:36,520 --> 00:06:40,160 Speaker 1: moved to the restaurants sphere and whether wait staff should 129 00:06:40,360 --> 00:06:43,400 Speaker 1: have um you know, higher wages, guaranteed wages that are 130 00:06:43,440 --> 00:06:46,719 Speaker 1: not like the normal, you know, old school restaurant world. 131 00:06:46,760 --> 00:06:49,080 Speaker 1: It was like three bucks an hour plus tips, right, 132 00:06:49,120 --> 00:06:52,000 Speaker 1: And so somewhere between the tariffs debate and the minimum 133 00:06:52,000 --> 00:06:56,160 Speaker 1: wage debate, I think UM in some ways people who 134 00:06:56,200 --> 00:06:58,360 Speaker 1: work at restaurants are one of the easiest kind of 135 00:06:58,720 --> 00:07:01,359 Speaker 1: UM face is for people to understand in the service 136 00:07:01,400 --> 00:07:03,680 Speaker 1: industry business, which is so much of the economy. I 137 00:07:03,720 --> 00:07:05,560 Speaker 1: think that's such a good point, Margaret, because so much 138 00:07:05,560 --> 00:07:07,599 Speaker 1: of the time when we when we report on the 139 00:07:07,680 --> 00:07:10,080 Speaker 1: US and China, the world's too largest economies, and the 140 00:07:10,120 --> 00:07:13,440 Speaker 1: economic impact of how this is going on, we often 141 00:07:13,480 --> 00:07:15,920 Speaker 1: times forget about you know, everyone right now in the 142 00:07:15,920 --> 00:07:18,080 Speaker 1: media is talking about soybean farmers. We learned a lot 143 00:07:18,120 --> 00:07:20,960 Speaker 1: about the soybean Bloomberg terminal chart and what that means 144 00:07:20,960 --> 00:07:25,280 Speaker 1: for combining of honity prices coming out of the agricultural world. 145 00:07:25,320 --> 00:07:28,280 Speaker 1: But but it really is, to Ted's point, it's about 146 00:07:28,400 --> 00:07:30,600 Speaker 1: and to Margaret's point, it's about those workers who are 147 00:07:30,600 --> 00:07:33,160 Speaker 1: working at restaurants and how that ultimately it's going to 148 00:07:33,240 --> 00:07:36,239 Speaker 1: impact the bottom line. Tell us switching gears though about 149 00:07:36,240 --> 00:07:38,320 Speaker 1: Michelle Obama's initiation, why are you here in town? Why 150 00:07:38,320 --> 00:07:40,560 Speaker 1: are you here in d C? Well, I want to 151 00:07:41,880 --> 00:07:46,040 Speaker 1: swap it's beautiful swamp. Actually I want to hold cold 152 00:07:46,080 --> 00:07:49,360 Speaker 1: though so cold ridiculous. I want to harken back to 153 00:07:49,560 --> 00:07:52,120 Speaker 1: a very happy time for me when Food Network was 154 00:07:52,200 --> 00:07:54,240 Speaker 1: kind enough to inform the White House that I would 155 00:07:54,280 --> 00:07:56,760 Speaker 1: very much like to cook at the White House Easter 156 00:07:56,760 --> 00:07:58,840 Speaker 1: egg role and I was given the privilege of doing 157 00:07:58,880 --> 00:08:02,480 Speaker 1: that at a little stage for children in the summer 158 00:08:02,480 --> 00:08:06,480 Speaker 1: of sixteen. And after that, Uh, don you, who's one 159 00:08:06,520 --> 00:08:08,800 Speaker 1: of the people that's involved in representing reach Higher approach 160 00:08:08,800 --> 00:08:10,240 Speaker 1: me and asked me if I'd be interested in helping 161 00:08:10,280 --> 00:08:13,040 Speaker 1: them out. The idea of Reach Higher is to encourage 162 00:08:13,280 --> 00:08:16,480 Speaker 1: high school students who might not have grown up thinking 163 00:08:16,480 --> 00:08:19,400 Speaker 1: that college was an inevitability for them, or who maybe 164 00:08:19,560 --> 00:08:21,840 Speaker 1: are afraid of the financial issues or don't know how 165 00:08:21,840 --> 00:08:24,240 Speaker 1: to fill out applications, aren't sure how to write essays. 166 00:08:24,680 --> 00:08:27,320 Speaker 1: Reach Higher is designed to meet those kids where they are. 167 00:08:27,520 --> 00:08:30,720 Speaker 1: They Reach Higher uses a lot of texting, which obviously 168 00:08:30,800 --> 00:08:32,760 Speaker 1: the kids are all about these days. They can text 169 00:08:32,800 --> 00:08:35,840 Speaker 1: Reach Higher and get information and assistance in getting into school. 170 00:08:35,920 --> 00:08:38,920 Speaker 1: You know, in this marketplace, obviously a college degree or 171 00:08:38,960 --> 00:08:41,400 Speaker 1: some kind of post high school education is more important 172 00:08:41,440 --> 00:08:44,160 Speaker 1: than ever, whether it's a trade school, whether it's culinary school, 173 00:08:44,520 --> 00:08:47,360 Speaker 1: or or whether it's uh, you know, a four year degree. 174 00:08:47,640 --> 00:08:51,000 Speaker 1: So standing in front of groups of these children, let 175 00:08:51,040 --> 00:08:53,080 Speaker 1: alone knowing that that Michelle Obama is about to step 176 00:08:53,080 --> 00:08:55,880 Speaker 1: onto the stage uh is and seeing their faces and 177 00:08:55,880 --> 00:08:59,560 Speaker 1: hearing them roar is a tremendously exciting thing. That's really 178 00:08:59,600 --> 00:09:02,640 Speaker 1: interesting same because you know, I think access to financial 179 00:09:02,679 --> 00:09:05,320 Speaker 1: literacy as a whole is just so crucial, and I 180 00:09:05,320 --> 00:09:07,600 Speaker 1: think so many times, a lot of times, the first 181 00:09:07,600 --> 00:09:10,880 Speaker 1: fiduciary in your life for for folks or lack of 182 00:09:10,920 --> 00:09:14,120 Speaker 1: fiduciary is your guidance counselor. Absolutely, and the first major 183 00:09:14,320 --> 00:09:17,600 Speaker 1: financial decision that young people are making is happening before 184 00:09:17,640 --> 00:09:20,280 Speaker 1: they're of the legal voting age. So how tell us 185 00:09:20,280 --> 00:09:24,120 Speaker 1: a little bit about the first letting Obama's involvement in it. Well, 186 00:09:24,160 --> 00:09:27,400 Speaker 1: I think she realized that you mentioned guidance counselors in 187 00:09:27,440 --> 00:09:29,720 Speaker 1: school and the important role that they play, that they 188 00:09:29,760 --> 00:09:33,520 Speaker 1: are they were somewhat unsung heroes in the lives of 189 00:09:33,559 --> 00:09:36,280 Speaker 1: these children, and many of them have enormous numbers of 190 00:09:36,360 --> 00:09:38,640 Speaker 1: kids that they have to look after. But that's part. 191 00:09:38,720 --> 00:09:41,480 Speaker 1: One of the things that Reached Higher does is celebrate 192 00:09:42,040 --> 00:09:44,439 Speaker 1: School Counselors of the Year and that we select one 193 00:09:44,760 --> 00:09:48,160 Speaker 1: counselor with their counselors represented from all fifty states, and 194 00:09:48,200 --> 00:09:50,280 Speaker 1: one of them is chosen to be the School Counselor 195 00:09:50,400 --> 00:09:53,280 Speaker 1: of the Year. Uh and we'll be celebrating that u 196 00:09:53,800 --> 00:09:55,920 Speaker 1: over the next couple of days and naming a new 197 00:09:55,960 --> 00:09:59,920 Speaker 1: one for nineteen. Margaret Olive covers the Trump Point Hospital 198 00:10:00,000 --> 00:10:03,640 Speaker 1: to recover the Obama administration. I believe from like all 199 00:10:03,720 --> 00:10:06,120 Speaker 1: of it right you were that I was so niced 200 00:10:06,440 --> 00:10:09,640 Speaker 1: you were still a young man. My hair was still 201 00:10:09,679 --> 00:10:13,480 Speaker 1: bread dating. But Margaret, I mean, you're you're hearing from 202 00:10:13,520 --> 00:10:16,400 Speaker 1: from Ted a little bit about the former First Lady's legacy. 203 00:10:16,720 --> 00:10:18,600 Speaker 1: You know, there's a lot of talk will she run 204 00:10:18,640 --> 00:10:20,600 Speaker 1: for office? She says she doesn't want to. But putting 205 00:10:20,600 --> 00:10:24,080 Speaker 1: in perspective for us when when when you're listening to Ted, well, 206 00:10:24,400 --> 00:10:30,679 Speaker 1: you know, Michelle Obama had a great reach um on uh, 207 00:10:31,760 --> 00:10:35,240 Speaker 1: a lot of young people, people of color, women across 208 00:10:35,280 --> 00:10:39,720 Speaker 1: the racial spectrum. But she thought long and hard early 209 00:10:39,760 --> 00:10:42,240 Speaker 1: in the presidency about how outfront she wanted to be 210 00:10:42,280 --> 00:10:44,160 Speaker 1: as a policy advocate. Did she want to kind of 211 00:10:44,160 --> 00:10:46,320 Speaker 1: follow the Hillary Clinton model and try to get involved 212 00:10:46,520 --> 00:10:50,320 Speaker 1: in healthcare or whatever, And she decided absolutely not. From well, 213 00:10:50,360 --> 00:10:53,280 Speaker 1: part of her calculation, she had said, was that as 214 00:10:53,280 --> 00:10:56,040 Speaker 1: a woman of color in the White House and and 215 00:10:56,559 --> 00:10:59,640 Speaker 1: being married to the first black president, that it was 216 00:10:59,720 --> 00:11:03,360 Speaker 1: just it made the bar even higher. But people didn't 217 00:11:03,400 --> 00:11:05,040 Speaker 1: want that from her, and she didn't want to become 218 00:11:05,040 --> 00:11:07,960 Speaker 1: a polarizing figure. But in the end, she did really 219 00:11:08,000 --> 00:11:11,880 Speaker 1: rally around two issues, and one was returning military veterans 220 00:11:11,920 --> 00:11:13,720 Speaker 1: and and putting them back to work. In the second 221 00:11:13,720 --> 00:11:17,240 Speaker 1: became these nutritions issues she had the garden in the 222 00:11:17,280 --> 00:11:21,760 Speaker 1: backyard and her interest uh, not just in food, but 223 00:11:21,840 --> 00:11:25,240 Speaker 1: in making healthy food accessible to people of all economic 224 00:11:25,280 --> 00:11:29,120 Speaker 1: and demographic uh sectors of society. That became a big 225 00:11:29,120 --> 00:11:31,200 Speaker 1: part of what she was doing. Between Michelle Obama and 226 00:11:31,240 --> 00:11:35,440 Speaker 1: Sam cass Uh, they brought food education, food awareness, kind 227 00:11:35,440 --> 00:11:39,240 Speaker 1: of food accessibility issues to sort of swass the American 228 00:11:39,280 --> 00:11:41,959 Speaker 1: public where policy had tended to concentrate on different stuff 229 00:11:41,960 --> 00:11:44,959 Speaker 1: like crime or urban education or whatever, and they wanted 230 00:11:45,000 --> 00:11:47,199 Speaker 1: to have food be of this issue that cut across 231 00:11:47,559 --> 00:11:51,200 Speaker 1: demographic parts of the United States. I happened to that. 232 00:11:51,320 --> 00:11:53,520 Speaker 1: I can't claim to know Michelle Obama intimately, but I 233 00:11:53,559 --> 00:11:56,319 Speaker 1: do think that I'm I'm. I don't think she is 234 00:11:56,360 --> 00:11:59,679 Speaker 1: going to run for office. I think she should. I would, 235 00:11:59,800 --> 00:12:01,400 Speaker 1: I would vote for her. But I think she can 236 00:12:01,440 --> 00:12:04,160 Speaker 1: get an awful up I think I suspect she feels, 237 00:12:04,200 --> 00:12:06,400 Speaker 1: first of all, that she enjoys the freedom. Secondly, I 238 00:12:06,440 --> 00:12:08,720 Speaker 1: think she can get an awful lot of effective stuff 239 00:12:08,760 --> 00:12:11,200 Speaker 1: done out of office. And by the way, I know 240 00:12:11,240 --> 00:12:13,240 Speaker 1: a lot of people who did not like her husband 241 00:12:13,440 --> 00:12:17,160 Speaker 1: as president but love her and young Obamas are young, 242 00:12:17,320 --> 00:12:19,600 Speaker 1: I mean, like, so even if it's not you know, 243 00:12:19,600 --> 00:12:21,079 Speaker 1: if she doesn't want to run this time. I mean, 244 00:12:21,280 --> 00:12:25,160 Speaker 1: they're they're young. She's a powerful pop culture figure, and 245 00:12:25,360 --> 00:12:28,080 Speaker 1: you know, I think the Obama's friendship with Obrah's ties 246 00:12:28,360 --> 00:12:31,160 Speaker 1: have been so long, still longstanding through the Chicago days. 247 00:12:31,240 --> 00:12:34,040 Speaker 1: You know, Oprah Winfree someone who people have talked about 248 00:12:34,040 --> 00:12:36,640 Speaker 1: should she run or not? And she's i think concluded 249 00:12:36,679 --> 00:12:39,000 Speaker 1: she's more successful outside of office and that's been a 250 00:12:39,040 --> 00:12:41,720 Speaker 1: model for now. Mrs Obama. Good Allen, we know you've 251 00:12:41,720 --> 00:12:43,959 Speaker 1: got to run, So I want to work folks find 252 00:12:44,000 --> 00:12:47,920 Speaker 1: out more information about the Reach Higher initiatives. Well, you 253 00:12:47,960 --> 00:12:50,000 Speaker 1: can certainly go to Reach Higher dot org. Right, I've 254 00:12:50,000 --> 00:12:55,120 Speaker 1: got all that, right, Uh, you got just then. I 255 00:12:55,240 --> 00:12:56,920 Speaker 1: just I'm I'm thrilled to be back at d C. 256 00:12:57,040 --> 00:12:59,480 Speaker 1: I'm thrilled to be working on in some small way 257 00:12:59,480 --> 00:13:01,800 Speaker 1: with Reach. I think it's really important to encourage kids 258 00:13:01,960 --> 00:13:03,640 Speaker 1: to get all the education they can get. It's the 259 00:13:03,640 --> 00:13:06,600 Speaker 1: foundation of a of a rich life. And I'm not 260 00:13:06,640 --> 00:13:10,080 Speaker 1: talking about money, but I'm also talking about money. I 261 00:13:10,120 --> 00:13:12,920 Speaker 1: have to ask one for your question. Sure, Okay, what's 262 00:13:12,920 --> 00:13:15,360 Speaker 1: like one tip? Because I'm I'd like to think I'm 263 00:13:15,360 --> 00:13:18,600 Speaker 1: a pretty good cook, but like on what's a rudimentary tip? 264 00:13:19,080 --> 00:13:21,400 Speaker 1: That like you can give to like folks who are 265 00:13:21,480 --> 00:13:23,280 Speaker 1: just on the go cooks. You know, maybe they got 266 00:13:23,320 --> 00:13:25,880 Speaker 1: the crop pot. Like, what's like a small tip that 267 00:13:25,880 --> 00:13:28,040 Speaker 1: could help up my game. You know before we went 268 00:13:28,080 --> 00:13:29,400 Speaker 1: on air, you were telling me that if you were 269 00:13:29,400 --> 00:13:32,280 Speaker 1: on Shop, you would definitely slaughter everybody else. That's a 270 00:13:32,280 --> 00:13:35,760 Speaker 1: competitive person. Yeah, well, I mean and you need confidence 271 00:13:35,800 --> 00:13:37,280 Speaker 1: to do that to be in that line of work. 272 00:13:37,880 --> 00:13:41,480 Speaker 1: One tip, now you putting me on the spot. Um 273 00:13:43,040 --> 00:13:47,160 Speaker 1: February favorite, February meal, Favorite Favorite February meal, stew and 274 00:13:47,200 --> 00:13:49,839 Speaker 1: soup beans, beans, get to know, Beans, get to know. 275 00:13:50,080 --> 00:13:52,160 Speaker 1: I told Chairman Rich that I was going to make 276 00:13:52,200 --> 00:13:55,440 Speaker 1: an Idaho potato stew because it is so called. That 277 00:13:55,520 --> 00:13:59,600 Speaker 1: doesn't sound good, Ted Ambassadors, sounds good to me. Michelle 278 00:13:59,600 --> 00:14:02,640 Speaker 1: Obama's Education Initiative Reach Higher. Thank you so much for 279 00:14:02,679 --> 00:14:05,880 Speaker 1: stopping by, and we really appreciate it. Markt t stays 280 00:14:05,920 --> 00:14:08,160 Speaker 1: with us Bloomberg and you senior White House reporter, and 281 00:14:08,200 --> 00:14:11,880 Speaker 1: Mark Ross, the US China expert. He's joining the panel. 282 00:14:12,000 --> 00:14:14,400 Speaker 1: I'm Kevin Serelli. You can check out now all of 283 00:14:14,400 --> 00:14:18,760 Speaker 1: our latest episodes on iTunes. After the show, just search 284 00:14:18,840 --> 00:14:22,240 Speaker 1: for Sound on on Apple iTunes to download, and of 285 00:14:22,280 --> 00:14:24,640 Speaker 1: course we're also also available on Bloomberg dot com and 286 00:14:24,680 --> 00:14:26,960 Speaker 1: the I Heart Radio app. You're listening to sound on 287 00:14:27,040 --> 00:14:36,560 Speaker 1: more coming up next Bloomberg. You're listening to sound On 288 00:14:36,720 --> 00:14:40,920 Speaker 1: with Kevin Surreally on Bloomberg one and one oh five 289 00:14:41,000 --> 00:14:44,640 Speaker 1: point seven F M h D two Boltomore. That's okay, 290 00:14:46,000 --> 00:14:50,680 Speaker 1: Welcome back everybody. I'm Kevin CURRELLI. You're listening to Bloomberg one. 291 00:14:50,920 --> 00:14:54,400 Speaker 1: You can now listen to our show on iTunes afterwards 292 00:14:54,480 --> 00:14:56,560 Speaker 1: if you go to Apple Itune search for sound on 293 00:14:57,080 --> 00:14:59,960 Speaker 1: UH and it's it's on the iTunes store for for afterwards, 294 00:15:00,000 --> 00:15:02,000 Speaker 1: of course, on the iHeart Radio app, as well as 295 00:15:02,040 --> 00:15:05,560 Speaker 1: on Bloomberg dot com. Mark Ross is the founder and 296 00:15:05,720 --> 00:15:10,680 Speaker 1: CEO of Terrical Global, a global communications firm. Here inside 297 00:15:10,720 --> 00:15:13,160 Speaker 1: of belt Way, front of the program, and a former 298 00:15:13,680 --> 00:15:18,800 Speaker 1: spokesman for the US China Business Council. Correct and Mark 299 00:15:18,880 --> 00:15:23,280 Speaker 1: thank tomorrow, and Margaritalave is Bloomberg News senior White House reporter. 300 00:15:23,640 --> 00:15:26,560 Speaker 1: Mark I was actually really struck in the in the 301 00:15:26,680 --> 00:15:29,480 Speaker 1: last blog hearing from Ted Allen, who's the host of 302 00:15:29,560 --> 00:15:33,800 Speaker 1: Chopped UH, talking about how trade is impacting the restaurant 303 00:15:33,920 --> 00:15:37,640 Speaker 1: industry and as these trade talks are happening today. President 304 00:15:37,680 --> 00:15:41,600 Speaker 1: Trump signaling that after two reporters when he met with 305 00:15:41,760 --> 00:15:44,240 Speaker 1: the Vice Premier of China, that things are moving in 306 00:15:44,320 --> 00:15:47,440 Speaker 1: the right direction. He's not moving that March first deadline 307 00:15:47,920 --> 00:15:50,720 Speaker 1: in terms of when he wants to increase tariffs on 308 00:15:50,840 --> 00:15:55,040 Speaker 1: Chinese goods, but he said that Treasury Secretary Stephen Manution 309 00:15:55,160 --> 00:15:58,840 Speaker 1: is going to be heading to China to Beijing along 310 00:15:58,920 --> 00:16:02,920 Speaker 1: with US trade represent Native Bob Lightheiser to continue uh 311 00:16:03,560 --> 00:16:08,320 Speaker 1: talking on these trade deals, and the things are moving along. 312 00:16:08,600 --> 00:16:11,320 Speaker 1: But I was struck by ted and the earlier block 313 00:16:11,600 --> 00:16:14,960 Speaker 1: when he said this is starting to impact restaurants. Yeah, 314 00:16:14,960 --> 00:16:17,080 Speaker 1: I think I think it's a good reminder just how 315 00:16:17,480 --> 00:16:20,800 Speaker 1: prevalent the tariff issue is. Yeah, you know, a lot 316 00:16:20,880 --> 00:16:23,200 Speaker 1: of the discussion here in the Beltway are these big 317 00:16:23,320 --> 00:16:25,880 Speaker 1: macro numbers, but when you get down to the street level, 318 00:16:25,960 --> 00:16:28,360 Speaker 1: to the restaurant level, I mean, there's really nothing more 319 00:16:28,400 --> 00:16:31,200 Speaker 1: all American than a restaurant. And just the pressure that 320 00:16:31,280 --> 00:16:34,160 Speaker 1: these tariffs are putting on the small margins. I mean, 321 00:16:34,200 --> 00:16:35,560 Speaker 1: that was really telling, and I think that's a good 322 00:16:35,600 --> 00:16:38,360 Speaker 1: reminder that, you know, we've really been facing this issue 323 00:16:38,400 --> 00:16:41,040 Speaker 1: for a year and if there's a threat in thirty 324 00:16:41,120 --> 00:16:43,160 Speaker 1: more days of more tariffs. I mean that it does 325 00:16:43,200 --> 00:16:45,400 Speaker 1: not seem like a positive development at all. So and 326 00:16:45,600 --> 00:16:47,640 Speaker 1: and break this down, because you know, this is such 327 00:16:47,680 --> 00:16:50,120 Speaker 1: a massive story, and I think so much of the 328 00:16:50,240 --> 00:16:53,000 Speaker 1: new slow coming out of Washington. There's a ton of 329 00:16:53,040 --> 00:16:55,680 Speaker 1: attention on the Mueller investigation, as there should be. There's 330 00:16:55,680 --> 00:16:57,400 Speaker 1: a to no matter what you feel about it. There's 331 00:16:57,400 --> 00:17:01,320 Speaker 1: a ton of investigator attention placed on the looming shutdown. 332 00:17:01,320 --> 00:17:03,680 Speaker 1: We're gonna talk about that, venezuel I love. We're gonna 333 00:17:03,680 --> 00:17:06,240 Speaker 1: talk about that as well later on. But I think 334 00:17:06,520 --> 00:17:10,320 Speaker 1: the trade story has really gotten watered down to the 335 00:17:10,400 --> 00:17:12,879 Speaker 1: agriculture and the impact that it's having on Trump's voters, 336 00:17:12,960 --> 00:17:16,080 Speaker 1: and I believe it's been it's been overly simplified. But 337 00:17:16,920 --> 00:17:20,560 Speaker 1: if you're an American consumer, why do you if you're 338 00:17:20,560 --> 00:17:22,239 Speaker 1: on your way home from work, and you're in your 339 00:17:22,280 --> 00:17:24,920 Speaker 1: car and you just worked, why should you be caring 340 00:17:25,000 --> 00:17:28,800 Speaker 1: about the conversations that the Vice Premier from China had 341 00:17:28,840 --> 00:17:32,120 Speaker 1: with President Trump today? Everyone who impact everyone who's listening 342 00:17:32,160 --> 00:17:34,600 Speaker 1: to the show. For the rest of our lives, China 343 00:17:35,040 --> 00:17:37,760 Speaker 1: is going to be impacting our day every day, how 344 00:17:38,280 --> 00:17:43,080 Speaker 1: either economically militarily, culturally. I mean, the fact is China 345 00:17:43,320 --> 00:17:45,960 Speaker 1: is not going away. It is no longer a you know, 346 00:17:46,160 --> 00:17:48,439 Speaker 1: circus act. It's nothing. You know, It's not something that's 347 00:17:48,440 --> 00:17:50,920 Speaker 1: gonna come along every now and then. It's an ongoing, 348 00:17:51,160 --> 00:17:53,680 Speaker 1: daily thing that's gonna be part of our lives. And 349 00:17:53,760 --> 00:17:55,480 Speaker 1: I'm not saying that to be scary, but it's something 350 00:17:55,560 --> 00:17:57,879 Speaker 1: that we just have to as. It's the reality, and 351 00:17:57,920 --> 00:17:59,520 Speaker 1: we just gotta get more comfortable with that, you know. 352 00:17:59,560 --> 00:18:04,679 Speaker 1: Earlier today I interviewed the Senate Um Senate Foreign Relations 353 00:18:04,680 --> 00:18:07,600 Speaker 1: Committee chairman. There's so many titles in Washington, Mark as 354 00:18:07,640 --> 00:18:10,119 Speaker 1: you as you saw on your intro, and I know them, 355 00:18:10,160 --> 00:18:12,639 Speaker 1: but I'm like, come on, buddy, spit it out, works out, uh. 356 00:18:13,280 --> 00:18:17,440 Speaker 1: Senate Foreign Relations meeting Chairman James Rich, Republican from Idaho, 357 00:18:17,480 --> 00:18:19,240 Speaker 1: and I asked him about the how, just from a 358 00:18:19,280 --> 00:18:22,760 Speaker 1: foreign policy standpoint and a national security standpoint, why these 359 00:18:22,840 --> 00:18:24,680 Speaker 1: US China trade talks are so important. I want to 360 00:18:24,720 --> 00:18:27,440 Speaker 1: play for you what Chairman Rich told me about that. 361 00:18:27,600 --> 00:18:29,800 Speaker 1: So here's Chairman Rich when I asked him about the 362 00:18:29,880 --> 00:18:32,040 Speaker 1: US China trade talks and the impact that that has 363 00:18:32,320 --> 00:18:35,320 Speaker 1: on national security. Take a lesson. They want to compete 364 00:18:35,359 --> 00:18:38,359 Speaker 1: with us. We understand that every country in the world 365 00:18:38,440 --> 00:18:41,719 Speaker 1: wants to raise their people to a place where they 366 00:18:41,920 --> 00:18:44,639 Speaker 1: have a better, uh standard living than what they have. 367 00:18:45,080 --> 00:18:48,199 Speaker 1: So we we understand that we can compete with him, 368 00:18:48,440 --> 00:18:51,000 Speaker 1: but we've got to compete on a level playing field. 369 00:18:52,040 --> 00:18:54,840 Speaker 1: Mark Ross the founder and CEO of Charical Global Global 370 00:18:54,880 --> 00:18:57,400 Speaker 1: Communications firm here inside of the belt Way. So that's 371 00:18:57,480 --> 00:18:59,639 Speaker 1: chairman rich and and we went on in that interview 372 00:18:59,680 --> 00:19:02,600 Speaker 1: which you can see the whole thing um Bloomberg dot com, uh, 373 00:19:03,160 --> 00:19:05,560 Speaker 1: really to talk about z t E and Huawei, And 374 00:19:05,720 --> 00:19:08,919 Speaker 1: to a lot of folks inside of Washington or listening 375 00:19:08,960 --> 00:19:11,720 Speaker 1: around the country, that's you're you're like, what, like, what 376 00:19:11,880 --> 00:19:14,360 Speaker 1: what is e T What ISAWE? There are these two 377 00:19:14,720 --> 00:19:19,560 Speaker 1: giant Chinese global telecommunications firms and they have They're like 378 00:19:19,720 --> 00:19:22,840 Speaker 1: the crown jewels of China. They're the apples of China. 379 00:19:22,960 --> 00:19:25,919 Speaker 1: They're the sonyes of China, you know, to some extent, 380 00:19:26,680 --> 00:19:31,000 Speaker 1: and really they have become a major major sticking point 381 00:19:31,160 --> 00:19:35,200 Speaker 1: or at least backdrop to the U. S. China trade talks. No. Yeah, 382 00:19:35,320 --> 00:19:37,440 Speaker 1: so the technology is kind of an interesting issue in 383 00:19:37,480 --> 00:19:41,480 Speaker 1: the sense of that's when you get into more national security, weapinization. 384 00:19:42,160 --> 00:19:46,199 Speaker 1: Obviously the companies you named or blue chip world class companies, 385 00:19:46,240 --> 00:19:47,840 Speaker 1: but if you start going down the list, if you 386 00:19:47,920 --> 00:19:49,840 Speaker 1: talk to a diplomat in China, they will say, well, 387 00:19:50,240 --> 00:19:52,560 Speaker 1: that's when the list stops. There's no Coca Cola, there's 388 00:19:52,600 --> 00:19:55,440 Speaker 1: no Walt Disney, there's no Nike equivalent in China. And 389 00:19:55,800 --> 00:19:57,440 Speaker 1: you know, for them, they would say, why wouldn't we 390 00:19:57,520 --> 00:19:59,800 Speaker 1: protect you know a handful of companies. Why wouldn't we try? 391 00:19:59,840 --> 00:20:02,600 Speaker 1: It's you step up. But to your point about fair 392 00:20:02,720 --> 00:20:06,000 Speaker 1: treatment and equal applicational law, this is where we're really 393 00:20:06,040 --> 00:20:08,639 Speaker 1: coming into the crux of the issue. You know, we 394 00:20:08,680 --> 00:20:11,159 Speaker 1: can talk about trying to buying more soy beans or 395 00:20:11,160 --> 00:20:14,200 Speaker 1: opening up their markets more automotive sales, but really the 396 00:20:14,320 --> 00:20:17,040 Speaker 1: big kind of macro forty year issue is what are 397 00:20:17,119 --> 00:20:19,439 Speaker 1: the rules of the road gonna be going forward, especially 398 00:20:19,440 --> 00:20:23,840 Speaker 1: around national security, telecommunications technology AI. I mean, these are 399 00:20:23,920 --> 00:20:26,159 Speaker 1: big macro issues that frankly are gonna be solved in 400 00:20:26,240 --> 00:20:29,040 Speaker 1: thirty days and they're gonna take longer, but they're important 401 00:20:29,040 --> 00:20:31,960 Speaker 1: topics to discuss. Speaking of national security coming up after 402 00:20:32,040 --> 00:20:34,639 Speaker 1: the break Mark sticking with US, Margot Tollive Sticking with 403 00:20:34,760 --> 00:20:38,199 Speaker 1: US we're gonna talk about President Trump and Senate Majority 404 00:20:38,320 --> 00:20:40,639 Speaker 1: Leader Mitch McConnell and an amendment that was taken on 405 00:20:40,760 --> 00:20:45,840 Speaker 1: the floor today about the President's policies to withdrawal troops 406 00:20:45,880 --> 00:20:48,960 Speaker 1: from Syria and the Middle East. It would appear Senate 407 00:20:49,000 --> 00:20:51,080 Speaker 1: Republicans don't want to do that, and they're trying to 408 00:20:51,160 --> 00:20:53,080 Speaker 1: send a message. I asked Chairman Risch about that. We're 409 00:20:53,080 --> 00:20:55,399 Speaker 1: gonna hear from him, Uh, as well as get the 410 00:20:55,480 --> 00:20:58,480 Speaker 1: latest from Capitol Hill. I'm Kevin Siilli. You're listening to 411 00:20:58,520 --> 00:21:08,240 Speaker 1: bloomb You're listening to Sound On with Kevin Surreally on 412 00:21:08,400 --> 00:21:11,840 Speaker 1: Bloomberg one and one oh five point seven of m 413 00:21:11,960 --> 00:21:16,200 Speaker 1: h D two, Baltimore. The people who have sided with 414 00:21:16,359 --> 00:21:20,480 Speaker 1: Madura are the worst on the planet. Assyrians, you have 415 00:21:20,600 --> 00:21:24,280 Speaker 1: the Russians, you have people that are not what we 416 00:21:24,400 --> 00:21:28,480 Speaker 1: consider good governance. And so the rest of the world 417 00:21:28,640 --> 00:21:30,960 Speaker 1: is with the With the Venezuelan people, we want to 418 00:21:30,960 --> 00:21:35,000 Speaker 1: make it happy. That was Senate Foreign Relations Committee Chairman 419 00:21:35,440 --> 00:21:39,600 Speaker 1: UH Jim Rish, Republican from Idaho, speaking to me earlier 420 00:21:39,640 --> 00:21:43,000 Speaker 1: today up on Capitol Hill about the situation in Venezuela. 421 00:21:43,080 --> 00:21:48,240 Speaker 1: Of course, President Trump has recognized the interim president there Guido, 422 00:21:48,680 --> 00:21:53,000 Speaker 1: who is the National Assembly leader and then recognized by 423 00:21:53,000 --> 00:21:55,560 Speaker 1: the constitution as the interim president, and they have withdrawn 424 00:21:55,600 --> 00:21:59,280 Speaker 1: support for the Madura regime. We should know that the 425 00:21:59,320 --> 00:22:04,520 Speaker 1: Medora jime sent some military folks to Juan Guido's house 426 00:22:04,600 --> 00:22:07,680 Speaker 1: within the last twenty four hours. That situation has de escalated, 427 00:22:07,760 --> 00:22:12,359 Speaker 1: according two reports. This has largely been a nonpartisan issue 428 00:22:12,440 --> 00:22:16,320 Speaker 1: here in Washington. House Speaker Nancy Pelosi also expressing support 429 00:22:16,400 --> 00:22:19,720 Speaker 1: for Juan Wido. Margaret Talev is Wimberg new senior White 430 00:22:19,760 --> 00:22:24,399 Speaker 1: House reporter uh and Uh. Mark Ross is the founder 431 00:22:24,440 --> 00:22:27,000 Speaker 1: and CEO of Chical Global. My guest with me for 432 00:22:27,119 --> 00:22:31,200 Speaker 1: the hour. So many developments. What's with what's happening in Venezuela. 433 00:22:31,280 --> 00:22:33,640 Speaker 1: We were talking earlier about the US trying to trade 434 00:22:33,720 --> 00:22:36,920 Speaker 1: talks and the impact on the restaurant industry as well 435 00:22:37,000 --> 00:22:42,119 Speaker 1: as on the on the technology sectors. Zte want of 436 00:22:42,160 --> 00:22:46,840 Speaker 1: trying his major tele communications firms had done some involvement 437 00:22:47,000 --> 00:22:52,359 Speaker 1: in Venezuela. But foreign policy, moving back to the Middle East, 438 00:22:53,000 --> 00:22:57,200 Speaker 1: it is striking that today, within the last several hours, 439 00:22:57,480 --> 00:23:00,920 Speaker 1: sent a majority leader Mitch McConnell had anced an amendment 440 00:23:01,200 --> 00:23:03,880 Speaker 1: on the Senate floor by a vote of sixty eight 441 00:23:03,960 --> 00:23:10,320 Speaker 1: to sixty eight to twenty three two. Essentially, it criticized 442 00:23:10,320 --> 00:23:14,200 Speaker 1: as President Trump's push to remove troops from Syria and Afghanistan. Yeah, 443 00:23:14,560 --> 00:23:17,520 Speaker 1: do you get a vote like that on Immigration's done 444 00:23:17,560 --> 00:23:22,320 Speaker 1: talking about shotdowns? Right, whatever, Kevin. I think we're still 445 00:23:22,359 --> 00:23:25,720 Speaker 1: looking at the aftershocks of President Trump's surprise announcement, and 446 00:23:25,760 --> 00:23:28,480 Speaker 1: by surprise, I mean surprise his own team that the 447 00:23:28,600 --> 00:23:31,879 Speaker 1: US was going to withdraw from Syria. This was in um, 448 00:23:32,440 --> 00:23:36,480 Speaker 1: uh late December, just a few days before Christmas, and um, 449 00:23:37,480 --> 00:23:39,240 Speaker 1: as we all know, we all know the history. I 450 00:23:39,320 --> 00:23:42,679 Speaker 1: mean a gymatics who probably would have gone fairly soon anyway, 451 00:23:42,800 --> 00:23:45,719 Speaker 1: ended up resigning a protest over this. Uh and uh, 452 00:23:46,280 --> 00:23:49,080 Speaker 1: the President faces a lot of concern inside his own 453 00:23:49,200 --> 00:23:52,080 Speaker 1: shop and a lot of frustration from the Republicans in 454 00:23:52,160 --> 00:23:56,159 Speaker 1: Congress because while Isis has been greatly degraded over the 455 00:23:56,280 --> 00:23:59,800 Speaker 1: last several years, uh, they're not done. They're still that 456 00:24:00,040 --> 00:24:02,520 Speaker 1: and VISIS fighters, and they're all kinds of implications like 457 00:24:02,880 --> 00:24:05,560 Speaker 1: if you're gonna withdraw, um, you know, a couple of 458 00:24:05,600 --> 00:24:08,919 Speaker 1: thousand forces from an arena like this, there are questions 459 00:24:08,960 --> 00:24:10,760 Speaker 1: that you would want resolved like what's going to happen 460 00:24:10,840 --> 00:24:13,480 Speaker 1: to like eight eight hundred or a thousand feign isis 461 00:24:13,560 --> 00:24:15,680 Speaker 1: fighters in these kind of like makeshift prisons that the 462 00:24:15,760 --> 00:24:18,200 Speaker 1: Kurds are running with you know, duct tape and of 463 00:24:18,480 --> 00:24:21,240 Speaker 1: you know, dried raisins. What I don't know even have 464 00:24:21,320 --> 00:24:26,159 Speaker 1: this is episode. There's that there questions about assade and 465 00:24:26,280 --> 00:24:30,479 Speaker 1: whether he can leverage this. Uh there are there are 466 00:24:30,640 --> 00:24:35,600 Speaker 1: just uh all sorts of unintended consequences to withdraw before 467 00:24:35,640 --> 00:24:38,400 Speaker 1: its time. And so what you're seeing here from McConnell, 468 00:24:38,440 --> 00:24:42,320 Speaker 1: who has releas stood by the president um or at 469 00:24:42,400 --> 00:24:45,920 Speaker 1: least it did not turn on the president publicly when 470 00:24:45,960 --> 00:24:47,440 Speaker 1: it came to the shutdown when it's come to a 471 00:24:47,600 --> 00:24:49,680 Speaker 1: number of these other issues. You do see him pushing 472 00:24:49,720 --> 00:24:52,119 Speaker 1: back here. And it's not quite a rebuke yet. But 473 00:24:53,119 --> 00:24:56,280 Speaker 1: I said that. I said that to Sherman Risch right, 474 00:24:56,400 --> 00:24:58,800 Speaker 1: I said, you know, is this a rebuke of of 475 00:24:58,920 --> 00:25:01,080 Speaker 1: President Trump's policy? Reason? He said, I wouldn't use the 476 00:25:01,160 --> 00:25:03,000 Speaker 1: word review. Can I push them on? And I said, okay, 477 00:25:03,040 --> 00:25:05,480 Speaker 1: well is this you know, what message are you trying 478 00:25:05,560 --> 00:25:07,480 Speaker 1: to send to the commander in chief? And he said, Kevin, 479 00:25:07,520 --> 00:25:09,920 Speaker 1: we're not trying to send a message to the commander. Chief. 480 00:25:09,920 --> 00:25:13,040 Speaker 1: We're trying to send a message to the world, right, 481 00:25:13,080 --> 00:25:15,840 Speaker 1: I mean, I mean, respectfully, Mr Chairman, He's trying to 482 00:25:15,880 --> 00:25:18,120 Speaker 1: send a message, and the messages don't pull the truth. 483 00:25:18,880 --> 00:25:21,240 Speaker 1: And the vote is pretty striking. It's it's it's six 484 00:25:21,680 --> 00:25:24,720 Speaker 1: to twenty three. I mean, so, you know, I want 485 00:25:24,760 --> 00:25:27,320 Speaker 1: to level with folks, though, if you look at polling, 486 00:25:27,400 --> 00:25:30,520 Speaker 1: there is a large portion not just in the Conservative Party, 487 00:25:30,600 --> 00:25:33,960 Speaker 1: not just that libertarian conservative streak of folks who agree 488 00:25:34,000 --> 00:25:36,159 Speaker 1: with the administration, but also on the left. And let 489 00:25:36,200 --> 00:25:39,520 Speaker 1: me be frank here, Senator Bernie Sanders voted against the 490 00:25:39,560 --> 00:25:43,800 Speaker 1: McConnell amendment. A potential presidential candidate, and Senator Sharon Brown 491 00:25:43,880 --> 00:25:46,000 Speaker 1: it progressive from Ohio. He was essentially, and I want 492 00:25:46,040 --> 00:25:48,040 Speaker 1: to call it the campaign trail, but for all intensive purposes, 493 00:25:48,080 --> 00:25:51,119 Speaker 1: on the campaign trail today testing voting a trial balloon 494 00:25:51,200 --> 00:25:54,720 Speaker 1: to run for president. He abstained from this vote. So 495 00:25:55,119 --> 00:25:58,760 Speaker 1: I I've said this before, I know you. I mean, well, 496 00:25:58,800 --> 00:26:02,399 Speaker 1: let's see, do you agree that the president's decision on 497 00:26:02,560 --> 00:26:05,560 Speaker 1: this goes back to the early days of the twenties 498 00:26:05,640 --> 00:26:08,280 Speaker 1: six Team presidential campaign, where you criticized the Iraq War 499 00:26:08,800 --> 00:26:10,960 Speaker 1: there is a streak in American politics that agrees with 500 00:26:11,000 --> 00:26:13,840 Speaker 1: them on this. Sure, people are more weary since the 501 00:26:13,960 --> 00:26:16,440 Speaker 1: two thousand one terrorist attacks and the two American wars 502 00:26:17,000 --> 00:26:18,840 Speaker 1: that have followed in the same a U m F 503 00:26:18,960 --> 00:26:22,359 Speaker 1: that we've been operating UH under ever since. But polling 504 00:26:22,480 --> 00:26:24,600 Speaker 1: is very tricky. And if you ask Americans whether they 505 00:26:24,680 --> 00:26:27,600 Speaker 1: want never ending conflicts in the Middle East, people say no. 506 00:26:27,720 --> 00:26:30,159 Speaker 1: But if you ask Americans whether they want to protect 507 00:26:30,200 --> 00:26:32,960 Speaker 1: the country against terrorists and whether they want to, you know, 508 00:26:33,000 --> 00:26:36,199 Speaker 1: eviscerate isis, they say yes. So it depends on how 509 00:26:36,280 --> 00:26:39,280 Speaker 1: you define the engagement, and it depends on how you 510 00:26:39,359 --> 00:26:43,160 Speaker 1: define the threat. And I think it's interesting because internally 511 00:26:43,240 --> 00:26:45,880 Speaker 1: inside the White House you have seen what McConnell's talking 512 00:26:45,880 --> 00:26:51,000 Speaker 1: about is is conditions based withdrawal. What John Bolton, the 513 00:26:51,040 --> 00:26:55,200 Speaker 1: acting Pentagon Secretary, the envoy at the State Department, what 514 00:26:55,640 --> 00:27:00,200 Speaker 1: basically Trump's entire national security, military, and diplomatic team in 515 00:27:00,240 --> 00:27:03,040 Speaker 1: the weeks since his surprise announcement have also been advocating 516 00:27:03,040 --> 00:27:05,840 Speaker 1: for as a conditions based withdrawal. It's just not been 517 00:27:05,920 --> 00:27:08,840 Speaker 1: quite averier face when they've done it. It's just yeah, 518 00:27:09,240 --> 00:27:10,880 Speaker 1: and you know what we're gonna hear from President Trump 519 00:27:10,960 --> 00:27:12,800 Speaker 1: lay out his foreign policy plan in the State of 520 00:27:12,840 --> 00:27:15,879 Speaker 1: the Union address on Tuesday night. Well special coverage for that, 521 00:27:16,240 --> 00:27:17,760 Speaker 1: and I said it then, and I said it to 522 00:27:17,880 --> 00:27:20,119 Speaker 1: two White House folks here on the show. You know, 523 00:27:20,200 --> 00:27:22,040 Speaker 1: I think if you agree with them or disagree with them, 524 00:27:22,080 --> 00:27:23,560 Speaker 1: would have been nice to have heard from the commander 525 00:27:23,600 --> 00:27:26,600 Speaker 1: in chief when you're making an announcement that major that 526 00:27:26,680 --> 00:27:28,879 Speaker 1: impacts so many of our brave men and women and 527 00:27:28,960 --> 00:27:31,439 Speaker 1: their families who are serving in the military. You can 528 00:27:31,520 --> 00:27:34,480 Speaker 1: check out our show on Apple i tunes, were on, 529 00:27:34,600 --> 00:27:36,760 Speaker 1: We're on iTunes now on the podcast search for sound 530 00:27:36,840 --> 00:27:39,240 Speaker 1: on UH and much more coming up on the government 531 00:27:39,280 --> 00:27:42,240 Speaker 1: shutdown and what mcconna wants with our all star panel. 532 00:27:42,240 --> 00:27:49,320 Speaker 1: I'm Kevin's Really you're listening to FM. This is sound 533 00:27:49,400 --> 00:27:53,679 Speaker 1: On with Kevin's Related on Bloomberg one and one oh 534 00:27:53,800 --> 00:27:57,640 Speaker 1: five point seven m h D two Baltimore. Welcome back, everybody. 535 00:27:57,720 --> 00:28:00,560 Speaker 1: I'm Kevin Severely Bloomberg in News Chief Washington Respondent. You 536 00:28:00,640 --> 00:28:03,800 Speaker 1: can now listen to all of our shows by subscribing 537 00:28:03,960 --> 00:28:06,760 Speaker 1: to sound On on Apple's iTunes. You can also check 538 00:28:06,840 --> 00:28:08,840 Speaker 1: us out on the I Heart Radio app, and of 539 00:28:08,960 --> 00:28:12,320 Speaker 1: course on Bloomberg dot Com. We were talking earlier about 540 00:28:12,359 --> 00:28:14,480 Speaker 1: the US trying to trade talks that are continuing and 541 00:28:14,520 --> 00:28:17,040 Speaker 1: earnst this week with President Trump meeting with the Vice 542 00:28:17,080 --> 00:28:20,920 Speaker 1: Premier of China's economy UH and the President announcing that 543 00:28:21,000 --> 00:28:25,200 Speaker 1: he's sending a of some folks from his administration, mainly 544 00:28:25,800 --> 00:28:29,440 Speaker 1: Treasury Secretary Stephen Manuan and US Trader Presentative Bob Leightheiser 545 00:28:29,720 --> 00:28:31,840 Speaker 1: to China in the next couple of weeks to continue 546 00:28:31,880 --> 00:28:35,040 Speaker 1: these negotiations. Looks like there wasn't a major major blow 547 00:28:35,119 --> 00:28:37,520 Speaker 1: up in terms of the trade talks. UH. And we're 548 00:28:37,520 --> 00:28:40,080 Speaker 1: also of course talking about what's happening up on Capitol 549 00:28:40,160 --> 00:28:43,840 Speaker 1: Hill today some very interesting developments, most notably that the 550 00:28:43,880 --> 00:28:46,920 Speaker 1: set up jority leader Mitch McConnell has advanced an amendment 551 00:28:47,400 --> 00:28:51,120 Speaker 1: that really serves as a rebuke of the President's decision 552 00:28:51,720 --> 00:28:55,280 Speaker 1: to withdrawal troops from Syria and Afghanistan. And this measure 553 00:28:55,320 --> 00:28:58,000 Speaker 1: actually advanced just within the last couple of hours by 554 00:28:58,120 --> 00:29:03,320 Speaker 1: a sixty eight to twenty three vote. Clear culture culture 555 00:29:03,880 --> 00:29:06,760 Speaker 1: culture that one world term that is the first step 556 00:29:06,840 --> 00:29:09,520 Speaker 1: to getting to a vote. You need sixty of course, 557 00:29:09,600 --> 00:29:12,840 Speaker 1: for all of you non Washington folks up and trivia 558 00:29:12,960 --> 00:29:15,520 Speaker 1: nerds like myself who need to do that. You gotta 559 00:29:15,560 --> 00:29:18,680 Speaker 1: get sixty to clear cloture. Uh. Mark Ross, founder and 560 00:29:18,800 --> 00:29:23,960 Speaker 1: CEO of Terriical Global, a global US China communications firm, 561 00:29:24,000 --> 00:29:26,640 Speaker 1: here with me for the hour, and my friend Margaret 562 00:29:26,680 --> 00:29:30,600 Speaker 1: talev Bloomberg News senior White House reporter. We're talking trade, 563 00:29:30,680 --> 00:29:34,560 Speaker 1: we're talking the situation with foreign policy. But let's bring 564 00:29:34,600 --> 00:29:37,320 Speaker 1: it domestically. Uh. This has been a pretty international show, 565 00:29:37,360 --> 00:29:39,680 Speaker 1: but domestically just a couple of days, Margaret, until the 566 00:29:39,720 --> 00:29:42,160 Speaker 1: president State of the Union address yesterday. On on the show, 567 00:29:42,240 --> 00:29:45,200 Speaker 1: we had raw Shaw, former White House Deputy Press Secretary, 568 00:29:45,200 --> 00:29:46,560 Speaker 1: and I was asking him, you know what, what do 569 00:29:46,600 --> 00:29:48,520 Speaker 1: you think we're gonna hear from President Trump Tuesday night. 570 00:29:48,720 --> 00:29:51,440 Speaker 1: We're gonna hear about trade, We're gonna hear about foreign policy, 571 00:29:51,520 --> 00:29:54,040 Speaker 1: but we're also going to hear about the wall or 572 00:29:54,160 --> 00:29:57,120 Speaker 1: enhanced fencing. Well, sure, and we know that for a 573 00:29:57,160 --> 00:29:59,560 Speaker 1: couple of reasons. The first reason is that the State 574 00:29:59,600 --> 00:30:01,440 Speaker 1: of the Union address was actually supposed to take place 575 00:30:01,440 --> 00:30:06,520 Speaker 1: a week ago. It couldn't ago. Now it couldn't because 576 00:30:06,520 --> 00:30:08,320 Speaker 1: of the government shut down. There was the whole power 577 00:30:08,360 --> 00:30:11,239 Speaker 1: struggle that how speaker won with the president, and now 578 00:30:11,360 --> 00:30:14,720 Speaker 1: he's coming back for not his first choice in timing. 579 00:30:14,800 --> 00:30:19,440 Speaker 1: But he wants to try to use this speech to um, 580 00:30:20,320 --> 00:30:22,640 Speaker 1: if not to kind of win round two on the shutdown, 581 00:30:22,680 --> 00:30:25,880 Speaker 1: at least to try to turn the tables rhetorically so 582 00:30:26,080 --> 00:30:29,400 Speaker 1: that he looks like he's back in command. And we 583 00:30:29,480 --> 00:30:31,760 Speaker 1: don't know at this point whether the President is going 584 00:30:31,840 --> 00:30:34,520 Speaker 1: to have to declare an emergency if he wants to 585 00:30:34,560 --> 00:30:36,800 Speaker 1: try understand why she just didn't do it already at 586 00:30:36,840 --> 00:30:38,800 Speaker 1: this point, I mean, because it's the same old fight, 587 00:30:38,960 --> 00:30:40,880 Speaker 1: because he's going to get criticized if he does it, 588 00:30:41,160 --> 00:30:43,480 Speaker 1: and he's gonna get like and he's already been criticized 589 00:30:43,520 --> 00:30:44,920 Speaker 1: for not doing it. I just I don't know what 590 00:30:44,960 --> 00:30:46,600 Speaker 1: he's waiting I truthfully don't know what he's waiting for. 591 00:30:47,120 --> 00:30:48,640 Speaker 1: I think there are a lot of people in the 592 00:30:48,720 --> 00:30:51,520 Speaker 1: base that we're asking the same question. And you know, 593 00:30:51,720 --> 00:30:54,480 Speaker 1: I've heard a number of different explanations. One is maybe 594 00:30:54,520 --> 00:30:58,680 Speaker 1: he doesn't think it will work. Too is politically he 595 00:30:58,760 --> 00:31:00,200 Speaker 1: put it puts him in a power store go with 596 00:31:00,280 --> 00:31:02,720 Speaker 1: Republicans in Congress when he's already on shaky ground of 597 00:31:02,720 --> 00:31:05,000 Speaker 1: a lot of other issues. Three, this way he gets 598 00:31:05,040 --> 00:31:07,480 Speaker 1: to show he did everything possible and it truly was 599 00:31:07,960 --> 00:31:12,680 Speaker 1: uh an issue of last resort um. But but you're right, 600 00:31:12,800 --> 00:31:19,080 Speaker 1: I mean ultimately, uh, given given how he was forced 601 00:31:19,120 --> 00:31:22,680 Speaker 1: to reopen the government without well funding and handlass go around, 602 00:31:23,120 --> 00:31:26,360 Speaker 1: it just seems hard to understand the calculation for forcing 603 00:31:26,360 --> 00:31:28,920 Speaker 1: a second shutdown. So but he will. We do certainly 604 00:31:28,920 --> 00:31:31,080 Speaker 1: expect him to use this speech to make the point. 605 00:31:31,200 --> 00:31:33,520 Speaker 1: At this point, there are two questions. One is does 606 00:31:33,560 --> 00:31:35,160 Speaker 1: the president actually want to be able to show his 607 00:31:35,200 --> 00:31:38,840 Speaker 1: base that he got money, uh to to to do 608 00:31:39,040 --> 00:31:40,640 Speaker 1: his wall? But the second is can he show his 609 00:31:40,720 --> 00:31:42,880 Speaker 1: base that he really put everything on the line, that 610 00:31:42,960 --> 00:31:46,120 Speaker 1: it wasn't just talk And I just I truthfully, even 611 00:31:46,160 --> 00:31:48,720 Speaker 1: if you disagree with him on the wall or you 612 00:31:48,800 --> 00:31:50,480 Speaker 1: agree with him on the wall, I don't really I 613 00:31:50,640 --> 00:31:53,440 Speaker 1: just don't understand, Like, if if the only option left 614 00:31:53,560 --> 00:31:55,760 Speaker 1: is to declare a national emergency, what are you waiting for? 615 00:31:55,800 --> 00:31:57,440 Speaker 1: Because if you shut down the government again, let it 616 00:31:57,440 --> 00:31:59,360 Speaker 1: go through the courts. Because if you set down the 617 00:31:59,400 --> 00:32:03,080 Speaker 1: government again eight hundred thousand employees, you know we're gonna 618 00:32:03,120 --> 00:32:05,320 Speaker 1: have the same old I don't know. I I just 619 00:32:05,680 --> 00:32:07,320 Speaker 1: it's gonna be interesting. I asked this to Roger. I 620 00:32:07,320 --> 00:32:08,240 Speaker 1: want to ask it to you. Do you think he 621 00:32:08,280 --> 00:32:10,080 Speaker 1: mentions them older investigation in the State of the Union. 622 00:32:10,560 --> 00:32:14,640 Speaker 1: Rash says, no, not the forum. Uh, probably not by name. 623 00:32:15,320 --> 00:32:18,640 Speaker 1: But Nixon did mention the whole investigation and said it 624 00:32:18,680 --> 00:32:22,840 Speaker 1: was time for its end. Okay, but it's Nick Nixon. 625 00:32:23,000 --> 00:32:24,840 Speaker 1: I don't think Nixon did that in year two of 626 00:32:24,960 --> 00:32:27,240 Speaker 1: his presidentcy this is the second State of the Union address. 627 00:32:27,360 --> 00:32:30,960 Speaker 1: It's really interesting. I'm actually was looking at a story 628 00:32:31,280 --> 00:32:34,120 Speaker 1: that ran earlier today on all the side bets that 629 00:32:34,200 --> 00:32:36,720 Speaker 1: are taking place for for the not for the State 630 00:32:36,760 --> 00:32:40,240 Speaker 1: of the Union, but for the super Bowl. Got too many, 631 00:32:40,600 --> 00:32:42,440 Speaker 1: but it's true, but I think we could. There's probably 632 00:32:42,520 --> 00:32:45,040 Speaker 1: bets like this happening on you know, either drinking games 633 00:32:45,120 --> 00:32:47,800 Speaker 1: or money bets on weather Hill and folks saying x 634 00:32:47,840 --> 00:32:52,160 Speaker 1: how many times? Oh my god, Christian Broader executive, that's 635 00:32:52,160 --> 00:32:54,800 Speaker 1: a pivot for you. Mark Ross here you're reading for 636 00:32:54,880 --> 00:32:57,560 Speaker 1: on Sunday, Well, I'm rooting for America's team. Tom Brady 637 00:32:59,480 --> 00:33:02,960 Speaker 1: at Mark said yes, she was coming on the show tomorrow. Guys. 638 00:33:03,280 --> 00:33:08,479 Speaker 1: The General Council for the Baltimore Ravens, Brendan Ethridge, uh 639 00:33:08,600 --> 00:33:12,280 Speaker 1: and Senator Ben Carton, a Democrat of Maryland. It's really interesting. 640 00:33:12,360 --> 00:33:14,360 Speaker 1: They were the only NFL team. Are you ready for this? 641 00:33:14,600 --> 00:33:17,800 Speaker 1: The Baltimore Ravens were the only NFL team to send 642 00:33:17,880 --> 00:33:20,520 Speaker 1: a letter their players to send it Majority Leader Mitch 643 00:33:20,600 --> 00:33:23,800 Speaker 1: McConnell to ask him to bring to a floor vote 644 00:33:23,880 --> 00:33:26,160 Speaker 1: the Criminal Justice Reform bill. I thought that was really 645 00:33:26,200 --> 00:33:29,080 Speaker 1: interesting to see how the Baltimore Ravens got involved on that. 646 00:33:29,080 --> 00:33:31,440 Speaker 1: And of course the President tweeted out when they kneeled 647 00:33:31,440 --> 00:33:34,320 Speaker 1: when they were playing overseas, uh, that they were kind 648 00:33:34,320 --> 00:33:36,720 Speaker 1: of caught up in the in the controversy. So but 649 00:33:36,880 --> 00:33:38,880 Speaker 1: you could have imagined, you know, two years ago that 650 00:33:38,960 --> 00:33:42,800 Speaker 1: football would become such a lightning rod for the I 651 00:33:42,840 --> 00:33:46,000 Speaker 1: want to thank all of our guests, Ted Allen, Mark Cross, 652 00:33:46,120 --> 00:33:49,400 Speaker 1: and of course Margaret Taliv, the legendary Margaret Talive. I'm 653 00:33:49,480 --> 00:33:51,920 Speaker 1: Kevin sur really much more tomorrow. Check us out on iTunes. 654 00:33:51,960 --> 00:33:53,040 Speaker 1: You're listening to Bloomberg