1 00:00:00,960 --> 00:00:03,640 Speaker 1: Live from our nation's camera. This budget thing is going 2 00:00:03,720 --> 00:00:06,160 Speaker 1: to do nothing. Space Forts. I still think it's interesting 3 00:00:06,160 --> 00:00:09,480 Speaker 1: President Trump not playing his cards yet. Headlines Policy and 4 00:00:09,640 --> 00:00:15,600 Speaker 1: politics colliding Floomberg Sound On, the Insiders, the Influencers, the insides. 5 00:00:15,680 --> 00:00:17,959 Speaker 1: I would rather see a congressional solution. It's part of 6 00:00:17,960 --> 00:00:21,120 Speaker 1: my DNA. The Senate map in looks a lot different 7 00:00:21,120 --> 00:00:23,920 Speaker 1: than it looked in. You really have a divide within 8 00:00:24,160 --> 00:00:26,720 Speaker 1: Team Trump. The President has to do exactly what people 9 00:00:26,720 --> 00:00:28,479 Speaker 1: send him here to do, which is to get it done. 10 00:00:28,840 --> 00:00:33,400 Speaker 1: This is Bloomberg Sound On with Kevin Shirley on Bloomberg 11 00:00:34,600 --> 00:00:37,080 Speaker 1: and one oh five point seven fm h D two. 12 00:00:38,200 --> 00:00:41,040 Speaker 1: Joe Biden says, hunts Her, you're ready for this. Hunter 13 00:00:41,320 --> 00:00:44,400 Speaker 1: Biden might join Joe Biden on the campaign trail. This 14 00:00:44,479 --> 00:00:48,040 Speaker 1: according to a new print interview that the former Vice 15 00:00:48,080 --> 00:00:52,879 Speaker 1: president gave to the Reno Gazette. Ukraine Gate heats up 16 00:00:52,920 --> 00:00:57,240 Speaker 1: President Trump, claiming that texts proved no quid pro quoes 17 00:00:57,320 --> 00:01:02,120 Speaker 1: of any kind with the uk Rain including Ukraine President 18 00:01:02,440 --> 00:01:05,959 Speaker 1: Zelinsky and folks. It's Friday. Some good news on this Friday. 19 00:01:06,160 --> 00:01:09,640 Speaker 1: Stocks climb Friday after the unemployment rate hits a fifty 20 00:01:09,760 --> 00:01:13,039 Speaker 1: year low. We're talking all of that plus Brexit. Brexit. 21 00:01:13,160 --> 00:01:16,319 Speaker 1: The the UK has just as interesting politics, if not 22 00:01:16,400 --> 00:01:20,080 Speaker 1: more interesting, if I'm being honest, than the politics here 23 00:01:20,080 --> 00:01:23,479 Speaker 1: that we're going through in this political climate. So lots 24 00:01:23,480 --> 00:01:26,880 Speaker 1: to get through today. Uh. These Annie Karney in the 25 00:01:26,880 --> 00:01:30,200 Speaker 1: New York Times reporting the President Trump insisted on Friday 26 00:01:30,240 --> 00:01:34,280 Speaker 1: there was nothing inappropriate about his administration's dealing with Ukraine, 27 00:01:34,520 --> 00:01:38,319 Speaker 1: playing down a series of text messages between American diplomats 28 00:01:38,360 --> 00:01:41,720 Speaker 1: and a Ukrainian official that were released Thursday night outlining 29 00:01:41,760 --> 00:01:44,440 Speaker 1: his attempt to tie a possible White House meeting a 30 00:01:44,520 --> 00:01:49,840 Speaker 1: military aid with Hunter Biden. Okay, so the texts, Ben Shrekinger, 31 00:01:50,240 --> 00:01:53,960 Speaker 1: the texts, I don't know. I mean, it looks like 32 00:01:54,360 --> 00:01:59,320 Speaker 1: the President is essentially saying nothing to see her, folks. Yeah, 33 00:01:59,360 --> 00:02:05,840 Speaker 1: anytime him that your inner circle is not only denying publicly, uh, 34 00:02:05,880 --> 00:02:08,000 Speaker 1: that you are looking for a quid pro quote, but 35 00:02:08,120 --> 00:02:11,720 Speaker 1: denying to your own diplomats in text messages. Uh, that 36 00:02:11,840 --> 00:02:13,760 Speaker 1: what you're looking for as a quid pro quo, and 37 00:02:13,800 --> 00:02:17,480 Speaker 1: then saying let's stop talking about this over text message, 38 00:02:17,480 --> 00:02:20,520 Speaker 1: which is what Gordon Sunland said to William Taylor when 39 00:02:20,560 --> 00:02:23,040 Speaker 1: he he brought up his discomfort with the idea of 40 00:02:23,080 --> 00:02:27,000 Speaker 1: withholding military aid from Ukraine. Uh, to take actions that 41 00:02:27,040 --> 00:02:32,240 Speaker 1: would benefit the president's re election campaign. Uh, you're engaged 42 00:02:32,280 --> 00:02:35,280 Speaker 1: in in a cover up and and uh, you know 43 00:02:35,320 --> 00:02:37,280 Speaker 1: it doesn't look good. All right, Let's take a listen 44 00:02:37,320 --> 00:02:40,679 Speaker 1: to what President Trump said earlier today about these text messages, 45 00:02:41,639 --> 00:02:45,080 Speaker 1: because he was asked about it earlier today. Here's the 46 00:02:45,080 --> 00:02:48,320 Speaker 1: President of the United States. The text passages that I 47 00:02:48,360 --> 00:02:54,160 Speaker 1: saw from Ambassador Sudland, who was highly respected, was there's 48 00:02:54,240 --> 00:02:58,000 Speaker 1: no quid pro quo. He said that. He said, by 49 00:02:58,040 --> 00:03:01,040 Speaker 1: the way, it almost sounded like a jer He said, 50 00:03:01,080 --> 00:03:04,560 Speaker 1: by the way, there's no point pro quo, and there isn't. 51 00:03:05,200 --> 00:03:09,600 Speaker 1: So he's saying rando Green, no quid pro quo between 52 00:03:09,880 --> 00:03:15,000 Speaker 1: the Ukraine Kurt the then Special Representative for Ukraine Vulgar, 53 00:03:15,480 --> 00:03:19,760 Speaker 1: and US Ambassador to the EU corner Sunland U. So 54 00:03:20,160 --> 00:03:26,400 Speaker 1: these text messages, though, it's almost further illustrations of what 55 00:03:26,440 --> 00:03:29,359 Speaker 1: we saw in the transcript. No, yes, of course, I 56 00:03:29,360 --> 00:03:32,960 Speaker 1: mean these text messages basically set up the idea that 57 00:03:33,160 --> 00:03:37,360 Speaker 1: in order to have in person meeting with President Trump, 58 00:03:37,400 --> 00:03:39,920 Speaker 1: they were looking for something in return. Now, they didn't 59 00:03:39,920 --> 00:03:42,920 Speaker 1: expressly say it, but they kind of teet it up 60 00:03:42,920 --> 00:03:46,600 Speaker 1: in these in the text saying that they wanted to 61 00:03:46,680 --> 00:03:49,800 Speaker 1: kind of talk and assuming they were going to do 62 00:03:49,960 --> 00:03:54,080 Speaker 1: moves on the investigation into the energy company, then they 63 00:03:54,120 --> 00:03:58,040 Speaker 1: would go ahead with having this meeting. Now Chump has 64 00:03:58,080 --> 00:04:01,360 Speaker 1: of course denied that this is insinuating that there was 65 00:04:01,440 --> 00:04:04,480 Speaker 1: kind of you rub my back, I rub your scenario. 66 00:04:04,640 --> 00:04:07,480 Speaker 1: But reading between these lines, having these visuals of this text, 67 00:04:07,800 --> 00:04:11,080 Speaker 1: it definitely does not seem like it has just a 68 00:04:11,120 --> 00:04:14,400 Speaker 1: casual conversation amongst friends. China set up a meeting at 69 00:04:14,400 --> 00:04:17,440 Speaker 1: the White House. I think that the obvious argument that they, 70 00:04:17,520 --> 00:04:20,120 Speaker 1: you know, said let's move this off of text message 71 00:04:20,200 --> 00:04:23,640 Speaker 1: off also kind of raises alarms there, because again they 72 00:04:23,640 --> 00:04:25,400 Speaker 1: were aware that this is something that could come out, 73 00:04:25,440 --> 00:04:28,159 Speaker 1: and it did. So. Volker sent this text to the 74 00:04:28,320 --> 00:04:34,240 Speaker 1: Ukrainian Advisor on July heard from the White House. Assuming 75 00:04:34,320 --> 00:04:40,560 Speaker 1: President Z convinces Trump he will investigate Slash, get to 76 00:04:40,640 --> 00:04:44,599 Speaker 1: the bottom of what happened in we will nail down 77 00:04:44,680 --> 00:04:51,160 Speaker 1: date for visit to Washington. End quote All right, emmy, 78 00:04:51,200 --> 00:04:55,200 Speaker 1: to your point, So here we have this continued case 79 00:04:55,279 --> 00:04:57,800 Speaker 1: that's being built by the Democrats that there was quid 80 00:04:58,080 --> 00:05:01,440 Speaker 1: pro quote you know, I I actually saw a clip 81 00:05:01,440 --> 00:05:03,680 Speaker 1: earlier in the name from Tucker Carlson Fox News and 82 00:05:03,720 --> 00:05:06,720 Speaker 1: which he said that he was uncomfortable even with with 83 00:05:06,760 --> 00:05:08,640 Speaker 1: how this is being built. Now Tucker is not saying 84 00:05:08,640 --> 00:05:11,640 Speaker 1: that this should be impeachable, but he's saying that that 85 00:05:11,680 --> 00:05:14,560 Speaker 1: they're uncomfortable with this. So how how can the White 86 00:05:14,560 --> 00:05:19,280 Speaker 1: House continue or what what communication switch are you gonna 87 00:05:19,279 --> 00:05:22,719 Speaker 1: have to see here? Uh? You know, I think you 88 00:05:22,800 --> 00:05:26,400 Speaker 1: saw that even in the statement. So Kurt Volger's his 89 00:05:26,520 --> 00:05:29,120 Speaker 1: statement was released today. He obviously testified in front of 90 00:05:29,120 --> 00:05:32,000 Speaker 1: the committees yesterday, and in his statement he even said 91 00:05:32,040 --> 00:05:35,080 Speaker 1: that he was not aware of an effort to press Ukraine, 92 00:05:35,680 --> 00:05:38,960 Speaker 1: walked back any negative feelings that you know, the White 93 00:05:38,960 --> 00:05:41,680 Speaker 1: House and he himself had about Biden. He you know, 94 00:05:41,720 --> 00:05:44,040 Speaker 1: basically said that he thought of Joe Biden as an 95 00:05:44,040 --> 00:05:47,200 Speaker 1: above board dude, that he had worked with him for 96 00:05:47,279 --> 00:05:50,560 Speaker 1: twenty four years, he was a man of integrity. Very 97 00:05:50,680 --> 00:05:54,359 Speaker 1: different statements and comments than the in the moment text 98 00:05:54,400 --> 00:05:58,240 Speaker 1: messages we were seeing there persuading you know, these Ukrainian 99 00:05:58,279 --> 00:06:02,520 Speaker 1: officials to kind of look in to Biden's sons connections 100 00:06:02,520 --> 00:06:05,160 Speaker 1: in the country. There with the energy of this has 101 00:06:05,160 --> 00:06:09,400 Speaker 1: been strikinger for whether or not there's gonna be any Republicans, 102 00:06:09,880 --> 00:06:13,240 Speaker 1: Republicans in the Senate who are going to break away 103 00:06:13,400 --> 00:06:15,440 Speaker 1: from President Trump right now, I don't see that. We'll 104 00:06:15,440 --> 00:06:18,040 Speaker 1: talk about Romny in a second, but but for President 105 00:06:18,040 --> 00:06:20,400 Speaker 1: Trump was asked about McConnell, and we actually have a 106 00:06:20,400 --> 00:06:22,800 Speaker 1: sound by the President Trump asking about whether or not 107 00:06:22,880 --> 00:06:26,320 Speaker 1: he respects Mitch McConnell. Let's hear for a little bit 108 00:06:26,320 --> 00:06:29,200 Speaker 1: about what President Trump said earlier today about McConnell. Here is, 109 00:06:30,040 --> 00:06:32,039 Speaker 1: I have a lot of respect from Mitch McConnell. I 110 00:06:32,080 --> 00:06:34,200 Speaker 1: know that I saw his statements and he thinks that 111 00:06:34,680 --> 00:06:38,760 Speaker 1: this is ridiculous. He thinks it's unfair. So, Ben, I 112 00:06:38,760 --> 00:06:42,320 Speaker 1: mean McConnell has been saying for a while now that 113 00:06:42,440 --> 00:06:44,400 Speaker 1: you know, bringing on. I mean that the general thinking, 114 00:06:44,440 --> 00:06:47,039 Speaker 1: I think we are are all talking to the same 115 00:06:47,120 --> 00:06:50,880 Speaker 1: people here. When you talk to McConnell's office, the House 116 00:06:50,880 --> 00:06:53,040 Speaker 1: could impeach them and then there could be like a 117 00:06:53,160 --> 00:06:57,160 Speaker 1: day trial or emotion to dismiss in the Senate. Yeah, 118 00:06:57,240 --> 00:07:00,960 Speaker 1: this is is not looking like it's going to result 119 00:07:00,960 --> 00:07:04,719 Speaker 1: in a conviction. Uh It's gonna be a trial, uh 120 00:07:05,000 --> 00:07:08,080 Speaker 1: less for the benefit of the Senate, where it's more 121 00:07:08,160 --> 00:07:12,040 Speaker 1: or less a foregone conclusion. More Uh, if it does 122 00:07:12,080 --> 00:07:16,720 Speaker 1: occur for the benefit of the electorate, Uh, both sides 123 00:07:16,800 --> 00:07:19,400 Speaker 1: are are going to be playing to the voters who 124 00:07:19,400 --> 00:07:21,200 Speaker 1: are gonna go to the polls. Did you guys see 125 00:07:21,240 --> 00:07:24,560 Speaker 1: what met Romney said today? So he tweets out Romney, 126 00:07:24,800 --> 00:07:28,640 Speaker 1: Utah Republican never really like Trump tweets out quote when 127 00:07:28,680 --> 00:07:32,560 Speaker 1: the only American citizen President Trump singles out for China's 128 00:07:32,600 --> 00:07:36,320 Speaker 1: investigation is his political opponent in the midst of the 129 00:07:36,320 --> 00:07:43,240 Speaker 1: democratic nomination process, it's strains credulity. I say, yes, sorry, 130 00:07:43,280 --> 00:07:45,440 Speaker 1: did I don't know that word to suggest that is 131 00:07:45,480 --> 00:07:49,400 Speaker 1: anything other than politically motivated. By all appearances, the President's 132 00:07:49,440 --> 00:07:53,360 Speaker 1: brazen and unprecedented appeal to China and to Ukraine to 133 00:07:53,520 --> 00:07:57,600 Speaker 1: investigate Joe Biden is wrong and appalling. But I don't 134 00:07:57,600 --> 00:08:01,040 Speaker 1: think anybody, I don't think Trump world cares at all 135 00:08:01,520 --> 00:08:05,920 Speaker 1: random what Romney thinks wrong and appalling. You know, Romney 136 00:08:05,960 --> 00:08:07,920 Speaker 1: has come back into the Senate after being out of 137 00:08:07,920 --> 00:08:10,560 Speaker 1: the limelight for a bit, and he's he has not 138 00:08:10,680 --> 00:08:12,440 Speaker 1: minced words when it comes to his thoughts on the 139 00:08:12,440 --> 00:08:16,560 Speaker 1: Trump administration. He has kind of pushed back against many 140 00:08:16,640 --> 00:08:20,280 Speaker 1: of Trump's policy proposals. I obviously think of climate change 141 00:08:20,320 --> 00:08:22,720 Speaker 1: and kind of his thoughts on science, when when I 142 00:08:22,760 --> 00:08:24,560 Speaker 1: think of the things that Mitt Romney said that pushes 143 00:08:24,560 --> 00:08:27,160 Speaker 1: back against Trump. So I do think that the Republican 144 00:08:27,200 --> 00:08:29,600 Speaker 1: base knows of him as this guy who is not 145 00:08:30,320 --> 00:08:33,679 Speaker 1: not afraid to push back against Trump. So, yes, these 146 00:08:33,679 --> 00:08:36,280 Speaker 1: are these statements probably don't carry the same way as 147 00:08:36,320 --> 00:08:38,839 Speaker 1: you know, if another you know, well worn Republican were 148 00:08:38,880 --> 00:08:41,000 Speaker 1: to say them, and and we can also you know, 149 00:08:41,000 --> 00:08:43,000 Speaker 1: there's a statement that came out today from Senator Ben 150 00:08:43,080 --> 00:08:45,920 Speaker 1: sas too is now an independent. You know, he made 151 00:08:45,960 --> 00:08:48,920 Speaker 1: a statement that Americans don't look to Chinese commis for 152 00:08:49,000 --> 00:08:52,520 Speaker 1: the truth. So again, this kind of the the comments 153 00:08:52,559 --> 00:08:56,040 Speaker 1: that that Trump made last night about about the Chinese 154 00:08:56,200 --> 00:09:01,040 Speaker 1: potentially also looking into the Biden scenario, see rankled a 155 00:09:01,040 --> 00:09:03,679 Speaker 1: lot of people, has a lot of tension within some 156 00:09:03,760 --> 00:09:07,360 Speaker 1: of these Republicans that are moving much more moderate, becoming 157 00:09:07,440 --> 00:09:09,720 Speaker 1: much more moderate, moving much more towards the middle. But 158 00:09:10,360 --> 00:09:13,000 Speaker 1: whether that's actually going to be seen with other Republicans 159 00:09:13,040 --> 00:09:15,120 Speaker 1: has yet to be seen. Also, of course we're not 160 00:09:15,160 --> 00:09:17,760 Speaker 1: hearing very much because it is congressional recess right now, 161 00:09:18,360 --> 00:09:23,920 Speaker 1: and they have no, it doesn't do a time is 162 00:09:24,000 --> 00:09:27,360 Speaker 1: not slowing down then quickly quickly. So. But I talked 163 00:09:27,360 --> 00:09:31,800 Speaker 1: to a source yesterday, senior source UH involved with the 164 00:09:31,800 --> 00:09:34,720 Speaker 1: re election campaign, who are saying that, you know, over 165 00:09:34,760 --> 00:09:36,439 Speaker 1: the next couple of weeks, you're going to be seeing 166 00:09:36,440 --> 00:09:39,319 Speaker 1: the Trump reelect as well as the President move away 167 00:09:39,559 --> 00:09:43,599 Speaker 1: from this notion of attacking Biden, so to speak. But 168 00:09:43,640 --> 00:09:46,840 Speaker 1: by saying, look, he's not he's not talking to listen, 169 00:09:46,880 --> 00:09:48,800 Speaker 1: I'm relaying what the source told me number one, and 170 00:09:48,920 --> 00:09:51,200 Speaker 1: that's saying, I believe it that he's not. They're not 171 00:09:51,240 --> 00:09:53,800 Speaker 1: saying to the Ukraine, we want dirt on Hunter Biden. 172 00:09:53,800 --> 00:09:55,400 Speaker 1: They're not saying to the Chinese, we want dirt on 173 00:09:55,440 --> 00:09:57,800 Speaker 1: just Hunter Biden. They're saying, we want to root out 174 00:09:57,800 --> 00:10:01,400 Speaker 1: corruption as a whole. And that's going to, according to 175 00:10:01,440 --> 00:10:05,880 Speaker 1: this source, allow them to pivot away from this quid 176 00:10:05,920 --> 00:10:09,360 Speaker 1: pro quo argument. That is the sort of two things 177 00:10:09,440 --> 00:10:14,120 Speaker 1: that they seem to be trying to conflate here using corruption, 178 00:10:14,240 --> 00:10:16,280 Speaker 1: as we saw in the in the transcript of that 179 00:10:16,360 --> 00:10:21,360 Speaker 1: call between Presidents Trump and Zelenski UH, using corruption. I 180 00:10:21,400 --> 00:10:24,760 Speaker 1: want you to look at corruption as a euphemism that's 181 00:10:24,840 --> 00:10:28,760 Speaker 1: understood as I want dirt on Joe and Hunter Biden, 182 00:10:29,480 --> 00:10:32,000 Speaker 1: as has been made queer by other communications that have 183 00:10:32,080 --> 00:10:35,040 Speaker 1: come to light, other things we've learned, so they can 184 00:10:35,080 --> 00:10:37,880 Speaker 1: try to pivot away from this UM. I think that 185 00:10:37,920 --> 00:10:40,560 Speaker 1: it will, you know, ultimately be up to voters whether 186 00:10:40,600 --> 00:10:43,280 Speaker 1: they find it credible that that Trump is very concerned 187 00:10:43,280 --> 00:10:46,679 Speaker 1: about corruption in Ukraine or more concerned about hold that thought. 188 00:10:46,720 --> 00:10:48,680 Speaker 1: We're gonna have more on this. We're gonna coming up. 189 00:10:48,679 --> 00:10:51,840 Speaker 1: We're gonna talk about what this means for Democrats, especially 190 00:10:51,880 --> 00:10:54,320 Speaker 1: the Biden campaign. Did you see this interview that Joe 191 00:10:54,360 --> 00:10:59,000 Speaker 1: Biden gave to the Rino Gazette. I was but just wow, 192 00:10:59,679 --> 00:11:02,240 Speaker 1: that's I'm enough. Stay here. Miranda Green stays Bench trek 193 00:11:02,240 --> 00:11:05,240 Speaker 1: In Jurstays from the Hell and Political respectively. Download the 194 00:11:05,240 --> 00:11:08,920 Speaker 1: Bloomberg Sound On podcast on Apple iTunes, at Bloomberg dot com, 195 00:11:09,040 --> 00:11:11,560 Speaker 1: or by downloading the Bloomberg Business app. You can also 196 00:11:11,600 --> 00:11:14,840 Speaker 1: find us on Radio dot com, I Heart Radio, and Spotify. 197 00:11:15,080 --> 00:11:18,680 Speaker 1: I'm Kevin SURRELLI Chief Washington correspondent for Bloomberg Television and 198 00:11:18,720 --> 00:11:26,679 Speaker 1: Bloomberg Radio. You're listening to Bloomberg ninety nine one. This 199 00:11:26,960 --> 00:11:32,160 Speaker 1: is Bloomberg Sound On with Kevin Surley on Bloomberg and 200 00:11:32,280 --> 00:11:34,480 Speaker 1: one oh five point seven f m h D two. 201 00:11:35,920 --> 00:11:39,839 Speaker 1: Joe Biden former Vice President. Joe Biden gave an interview 202 00:11:40,360 --> 00:11:46,040 Speaker 1: to the Reno Gazette just the other day, and he 203 00:11:46,200 --> 00:11:50,680 Speaker 1: was asked by them whether or not the Reno Gazette Journal. 204 00:11:50,679 --> 00:11:52,640 Speaker 1: He was asked by them whether or not Hunter Biden, 205 00:11:53,040 --> 00:11:56,280 Speaker 1: whether or not Hunter Biden would join Joe Biden on 206 00:11:56,320 --> 00:11:59,880 Speaker 1: the campaign trail. Yes, Joe Biden answered, and when pressed, 207 00:12:00,280 --> 00:12:02,880 Speaker 1: Biden said that Hunter Biden lives in the West and 208 00:12:02,920 --> 00:12:06,600 Speaker 1: if they had him worked out any specifics, but that 209 00:12:07,120 --> 00:12:09,720 Speaker 1: he went. Asked why he would be an assets at 210 00:12:09,720 --> 00:12:14,080 Speaker 1: the campaign campaign, Biden replied, quote because he's my son. 211 00:12:14,480 --> 00:12:18,240 Speaker 1: He's a fine young man. End quote. Hunter Biden really 212 00:12:18,360 --> 00:12:23,160 Speaker 1: at the center of all of this uh impeachment talk 213 00:12:23,240 --> 00:12:26,040 Speaker 1: and whether or not the President was asking the UK 214 00:12:26,280 --> 00:12:29,719 Speaker 1: crane President Zelinski for a for for a favor to 215 00:12:29,760 --> 00:12:31,760 Speaker 1: look in on dirt and to look in the Hunter 216 00:12:31,800 --> 00:12:36,319 Speaker 1: Biden UH to see in order to hold military frozen assets. 217 00:12:36,320 --> 00:12:40,000 Speaker 1: I mean week two now, folks, Miranda Green's here, congressional 218 00:12:40,000 --> 00:12:42,520 Speaker 1: reporter at the Hill, Ben Shrek and Jert National political 219 00:12:42,520 --> 00:12:45,600 Speaker 1: correspondent at Politico, Miranda, We were talking earlier about the 220 00:12:45,679 --> 00:12:50,320 Speaker 1: latest in terms of the president's uh ability to get 221 00:12:50,320 --> 00:12:52,240 Speaker 1: through this or not to get through this. What about 222 00:12:52,320 --> 00:12:55,440 Speaker 1: Joe Biden. We're just a week and a half away 223 00:12:55,440 --> 00:12:59,400 Speaker 1: from the next debate. He's had Elizabeth Warren really make 224 00:12:59,440 --> 00:13:03,880 Speaker 1: it even an the polls is he's still the front runner. Well, 225 00:13:03,880 --> 00:13:06,320 Speaker 1: he is still the front runner, though Warren of course 226 00:13:06,440 --> 00:13:08,839 Speaker 1: is kind of inching up closer and closer to him 227 00:13:08,880 --> 00:13:12,320 Speaker 1: and definitely getting a significant lead um from where she 228 00:13:12,520 --> 00:13:14,680 Speaker 1: was previously in polls. But you know, I think Biden's 229 00:13:14,679 --> 00:13:17,000 Speaker 1: strategy here has been really interesting. He has kind of 230 00:13:17,040 --> 00:13:20,360 Speaker 1: taken the the sit back and wait approach. He has 231 00:13:20,440 --> 00:13:24,720 Speaker 1: not directly commented on Trump's He's not kind of made comments, 232 00:13:24,760 --> 00:13:27,280 Speaker 1: confirmed or denied any of the accusations that Trump has said. 233 00:13:27,640 --> 00:13:30,600 Speaker 1: He has really largely just kind of deflected them. He 234 00:13:30,640 --> 00:13:32,760 Speaker 1: has said that, you know, he spoke at a speech 235 00:13:32,760 --> 00:13:36,000 Speaker 1: actually in Reno yesterday and he said that he kind 236 00:13:36,000 --> 00:13:38,880 Speaker 1: of said that, you know, they he wasn't going to 237 00:13:38,960 --> 00:13:41,880 Speaker 1: go anywhere, that that President Trump was a bully, and 238 00:13:41,920 --> 00:13:44,560 Speaker 1: that he basically said that his comments made it seem 239 00:13:44,600 --> 00:13:46,520 Speaker 1: like he was afraid to go up against Biden, and 240 00:13:46,520 --> 00:13:49,960 Speaker 1: that Biden looked forward to the challenge. He talked at 241 00:13:50,000 --> 00:13:53,839 Speaker 1: linked to the crowd about the impeachment process, kind of 242 00:13:53,880 --> 00:13:55,920 Speaker 1: wanted to make them clear that Trump is facing this 243 00:13:55,920 --> 00:14:00,120 Speaker 1: big hurdle and tried to tie the impeachment proceedings. You 244 00:14:00,280 --> 00:14:03,240 Speaker 1: why Trump was kind of lashing out at him and 245 00:14:03,240 --> 00:14:06,960 Speaker 1: and and clearly just not looking forward to race against him. 246 00:14:06,960 --> 00:14:09,199 Speaker 1: It's insinuating that he thought that he would be the 247 00:14:09,240 --> 00:14:11,160 Speaker 1: person up against Trump. Then when you look at the 248 00:14:11,320 --> 00:14:15,439 Speaker 1: Warren and Sanders campaigns, how have they been or not 249 00:14:15,640 --> 00:14:20,640 Speaker 1: been playing into this Ukraine story against Joe Biden. Well, 250 00:14:20,880 --> 00:14:24,840 Speaker 1: it's a little bit of a messaging dilemma for Democrats 251 00:14:25,560 --> 00:14:28,160 Speaker 1: because on the one hand, you want to seize on 252 00:14:28,480 --> 00:14:33,480 Speaker 1: this apparent egregious abuse of office by President Trump um 253 00:14:33,040 --> 00:14:36,400 Speaker 1: and you know, there may be a temptation to try 254 00:14:36,440 --> 00:14:39,840 Speaker 1: to benefit at the same time from uh some business 255 00:14:39,880 --> 00:14:43,000 Speaker 1: dealings that that Hunter Biden has had in Ukraine as 256 00:14:43,040 --> 00:14:47,240 Speaker 1: well as el the nepotism element that appear unseemly, But 257 00:14:47,320 --> 00:14:51,000 Speaker 1: you don't want to appear to be capitalizing nepotism. Nepotism 258 00:14:51,040 --> 00:14:52,920 Speaker 1: is an illegal ben but it still would make a 259 00:14:52,960 --> 00:14:54,920 Speaker 1: lot of folks outside of Washington, in parts of the 260 00:14:55,040 --> 00:14:58,120 Speaker 1: where I grew up uncomfortable. That's right. It's tough for 261 00:14:58,160 --> 00:15:00,280 Speaker 1: Democrats to seize on that right now because I don't 262 00:15:00,280 --> 00:15:03,000 Speaker 1: want to be seen as as siding with Trump against 263 00:15:03,040 --> 00:15:06,800 Speaker 1: Joe Biden. Elizabeth Warren was actually asked within the last 264 00:15:06,800 --> 00:15:10,200 Speaker 1: couple of weeks whether, under a new ethics plan she 265 00:15:10,200 --> 00:15:13,240 Speaker 1: had released, uh this, the son or daughter the vice 266 00:15:13,320 --> 00:15:15,200 Speaker 1: president would be able to serve on the board of 267 00:15:15,200 --> 00:15:17,680 Speaker 1: a foreign company. And it sort of tripped her up. Uh, 268 00:15:17,760 --> 00:15:19,760 Speaker 1: there's video of it, and she ended up by saying, 269 00:15:19,920 --> 00:15:21,560 Speaker 1: I don't know, I'd have to go back and look 270 00:15:21,600 --> 00:15:24,000 Speaker 1: at it. I think that's one thing that illustrates the 271 00:15:24,040 --> 00:15:26,960 Speaker 1: dilemma here. We at Politico had a story this morning 272 00:15:27,000 --> 00:15:29,880 Speaker 1: about how Biden's allies are upset with the d n 273 00:15:29,920 --> 00:15:31,760 Speaker 1: C because the d n C has not really been 274 00:15:31,800 --> 00:15:34,320 Speaker 1: out there defending him. The r NC has been attacking 275 00:15:34,360 --> 00:15:37,720 Speaker 1: him in the d n C. I thank you. That's 276 00:15:38,040 --> 00:15:40,920 Speaker 1: beauty of an attack. I don't know, is that gonna 277 00:15:41,400 --> 00:15:44,640 Speaker 1: no comment? I mean, but but they've been attacked for 278 00:15:45,000 --> 00:15:48,360 Speaker 1: having too by by the progressives, for not being for 279 00:15:48,440 --> 00:15:50,880 Speaker 1: having too many and playing politics of who got to 280 00:15:50,920 --> 00:15:53,280 Speaker 1: be in the debate, and now Joe Biden's attacking them 281 00:15:53,320 --> 00:15:58,240 Speaker 1: for not defending it. I mean, the Biden's allies very true, 282 00:15:58,240 --> 00:16:00,280 Speaker 1: go ahead, Miranda, But but at that point, I mean 283 00:16:00,280 --> 00:16:04,720 Speaker 1: this issue of how long can the ten excuse me, 284 00:16:05,400 --> 00:16:09,400 Speaker 1: can Biden uh last without getting attacked by Warren on 285 00:16:09,440 --> 00:16:11,880 Speaker 1: that front? Yeah, of course. I mean it's it's controversy 286 00:16:11,920 --> 00:16:14,600 Speaker 1: and it's right up there, and by not talking about it, 287 00:16:14,600 --> 00:16:17,880 Speaker 1: it almost creates more controversy because it's this big elephant 288 00:16:17,920 --> 00:16:20,560 Speaker 1: in the room and the Democrats have not really been 289 00:16:20,920 --> 00:16:23,400 Speaker 1: you know, they have not been united on how to 290 00:16:23,480 --> 00:16:26,640 Speaker 1: address this issue. Bien has taken a kind of backseat 291 00:16:26,680 --> 00:16:29,480 Speaker 1: approach on this. But it raises the question of whether 292 00:16:29,520 --> 00:16:31,560 Speaker 1: this is going to be fodder for the next debate, 293 00:16:31,600 --> 00:16:34,480 Speaker 1: whether you know, now because there are these three candidates 294 00:16:34,480 --> 00:16:37,440 Speaker 1: are coming together, you know, it's it's Biden, it's it's Sanders, 295 00:16:37,480 --> 00:16:40,040 Speaker 1: and it's Warren are so close, whether they are going 296 00:16:40,080 --> 00:16:43,520 Speaker 1: to start going on attack mode. And you know, Biden's 297 00:16:44,080 --> 00:16:46,960 Speaker 1: you know, his son's dealings with Ukraine could be one 298 00:16:46,960 --> 00:16:48,960 Speaker 1: of those topics. And I'm sure that the moderators will 299 00:16:48,960 --> 00:16:51,520 Speaker 1: will definitely bring it up. But it also poses a 300 00:16:51,600 --> 00:16:54,240 Speaker 1: question of dividing the Democratic Party at a time when 301 00:16:54,280 --> 00:16:57,720 Speaker 1: maybe this impeachment proceeding can benefit them in the long haul. 302 00:16:57,840 --> 00:17:00,600 Speaker 1: So I think that there's a lot of of behind 303 00:17:00,640 --> 00:17:03,480 Speaker 1: the scenes communications about how deep to dig into this 304 00:17:03,560 --> 00:17:05,639 Speaker 1: and how much you know credit to to kind of 305 00:17:05,680 --> 00:17:07,440 Speaker 1: get I mean, it's it's tough to even I mean, 306 00:17:07,440 --> 00:17:10,720 Speaker 1: they've Biden Alliese had made it remarkably difficult to even 307 00:17:10,800 --> 00:17:14,359 Speaker 1: talk about the issue of nepotism because they assumed that 308 00:17:14,400 --> 00:17:17,040 Speaker 1: if you raised a question about it, that you're you're 309 00:17:17,119 --> 00:17:22,040 Speaker 1: suggesting illegality. No one suggesting illegality. For for these folks 310 00:17:22,040 --> 00:17:25,359 Speaker 1: in the debate Miranda, can Elizabeth Warren get up there 311 00:17:25,400 --> 00:17:29,119 Speaker 1: and say and make the case absolutely that she disagrees 312 00:17:29,160 --> 00:17:32,720 Speaker 1: with President Trump trying to, in her view, freeze assets 313 00:17:32,920 --> 00:17:36,119 Speaker 1: to the Ukraine in order for Zelinski to get some 314 00:17:36,200 --> 00:17:41,280 Speaker 1: dirt on this, But at the same time, can at 315 00:17:41,280 --> 00:17:43,639 Speaker 1: the same time, can she raise the concern of but 316 00:17:43,760 --> 00:17:45,840 Speaker 1: by the way, your son didn't deserve to be making 317 00:17:45,920 --> 00:17:49,560 Speaker 1: fifty grand a month on the board and wasn't qualified 318 00:17:49,600 --> 00:17:51,879 Speaker 1: for the position. Can she make that argument or is 319 00:17:51,880 --> 00:17:54,880 Speaker 1: gonna either or she can? I would be surprised if 320 00:17:54,920 --> 00:17:57,160 Speaker 1: she were to do that, I mean based on warren strategy. 321 00:17:57,359 --> 00:17:59,240 Speaker 1: You know, she hasn't even been on attack about against 322 00:17:59,240 --> 00:18:02,879 Speaker 1: Senator Sanders, who despite many opportunities to do that. Because 323 00:18:02,880 --> 00:18:05,280 Speaker 1: they're so similar in their point of views, I think 324 00:18:05,280 --> 00:18:07,639 Speaker 1: that they will definitely be straightforward with their thoughts on 325 00:18:07,640 --> 00:18:10,879 Speaker 1: what President Trump has done, straightforward on the quid pro 326 00:18:11,000 --> 00:18:13,440 Speaker 1: quell that he appears to have given to the Ukraine 327 00:18:13,440 --> 00:18:16,240 Speaker 1: and now China. Um. I'm sure that they will try to, 328 00:18:16,359 --> 00:18:19,320 Speaker 1: you know, raise that because you know, attacking Trump has 329 00:18:19,359 --> 00:18:21,640 Speaker 1: been beneficial to them in terms of how they're doing. 330 00:18:22,040 --> 00:18:24,399 Speaker 1: But I would be pretty shocked to see her be 331 00:18:24,520 --> 00:18:28,280 Speaker 1: so blatant about you know, Biden's son, because it adds 332 00:18:28,320 --> 00:18:31,399 Speaker 1: credibility to it, you know, by kind of addressing it, 333 00:18:31,400 --> 00:18:33,360 Speaker 1: it makes it seem like, you know, it is true, 334 00:18:33,359 --> 00:18:35,359 Speaker 1: which is which is what Trump is doing by saying 335 00:18:35,359 --> 00:18:38,240 Speaker 1: he wants to look at kind of the uh, the corruption, 336 00:18:38,280 --> 00:18:39,960 Speaker 1: and you know, he uses this term as if it's 337 00:18:39,960 --> 00:18:43,960 Speaker 1: already determined already that that's something nefarious did happen when 338 00:18:43,960 --> 00:18:46,480 Speaker 1: there's no proof of that. Well, Ben same question too, 339 00:18:46,560 --> 00:18:49,800 Speaker 1: If not Warred, could another candidate raise the issue of 340 00:18:49,840 --> 00:18:54,000 Speaker 1: nepotism while still raising concerns about President Trump and trying 341 00:18:54,040 --> 00:18:57,240 Speaker 1: to get money or trying to freeze assets from Zelinsky, 342 00:18:57,240 --> 00:19:00,399 Speaker 1: as the Democrats believe happened, but still raising can certains 343 00:19:00,400 --> 00:19:04,280 Speaker 1: about about uh this this old way of doing business 344 00:19:04,280 --> 00:19:07,560 Speaker 1: in Washington. It's very possible, as we've seen in the 345 00:19:07,560 --> 00:19:11,439 Speaker 1: debate so far, well we've seen we've seen Kamala Harris 346 00:19:11,440 --> 00:19:15,720 Speaker 1: and Joaquin castro Go go after Joe Biden pretty directly. 347 00:19:16,400 --> 00:19:19,080 Speaker 1: So clearly that's that's something that some of these candidates 348 00:19:19,080 --> 00:19:20,959 Speaker 1: are willing to do. Who is it going to be? 349 00:19:21,520 --> 00:19:24,600 Speaker 1: I wouldn't care to venture Ghetto and Booda Jedge are 350 00:19:24,600 --> 00:19:26,639 Speaker 1: going after each other. Now, did you guys see this? 351 00:19:27,119 --> 00:19:30,440 Speaker 1: They've been going after each other. We're better. I want 352 00:19:30,440 --> 00:19:33,160 Speaker 1: to make sure I get there. So Betto of Vork 353 00:19:33,760 --> 00:19:37,240 Speaker 1: said that paint Buddha Jedge is poll tested and only 354 00:19:37,280 --> 00:19:39,800 Speaker 1: gives remarks that are in a focus group. Did you 355 00:19:39,840 --> 00:19:45,359 Speaker 1: see this one? So? I mean, like again, so the 356 00:19:45,720 --> 00:19:48,240 Speaker 1: two different sets of warring groups within the kind of 357 00:19:48,240 --> 00:19:50,600 Speaker 1: party right now. So I guess I guess the thinking 358 00:19:50,800 --> 00:19:54,040 Speaker 1: is that for Betto and Buddha Jedge, they're they're going 359 00:19:54,119 --> 00:19:56,720 Speaker 1: for the same lane as the alternative to Biden. If 360 00:19:56,720 --> 00:19:58,560 Speaker 1: Biden were to crumble bred I see you're not in 361 00:19:58,560 --> 00:20:00,600 Speaker 1: your head. Yeah, no, that makes sense. I'm mean they are. 362 00:20:00,680 --> 00:20:02,640 Speaker 1: They have kind of dipped in the polls. They both were. 363 00:20:03,119 --> 00:20:04,919 Speaker 1: You know, beatt O Rourke was expected to be the 364 00:20:04,960 --> 00:20:07,800 Speaker 1: star of this demarcotic you know, part group at the 365 00:20:07,880 --> 00:20:10,280 Speaker 1: very beginning. I love how we in Washington are like, 366 00:20:10,280 --> 00:20:11,800 Speaker 1: this person is going to be a star. Is its 367 00:20:11,880 --> 00:20:14,760 Speaker 1: like we're all like in Hollywood. Well today about DC, 368 00:20:14,880 --> 00:20:18,520 Speaker 1: It's Hollywood for ugly people. All right, coming up nor 369 00:20:18,600 --> 00:20:21,760 Speaker 1: politics and policy. We're gonna head across the pond. As 370 00:20:21,800 --> 00:20:24,320 Speaker 1: they say, bregsit, you've ben following greg'sit. It's a mess. 371 00:20:25,880 --> 00:20:28,879 Speaker 1: Download the Bloomberg sound On podcast on Apple iTunes, of 372 00:20:28,920 --> 00:20:31,959 Speaker 1: Bloomberg dot com, or by downloading the Bloomberg Business Up. 373 00:20:32,040 --> 00:20:33,960 Speaker 1: You can also find this on radio dot com. I 374 00:20:33,960 --> 00:20:37,240 Speaker 1: an't radio and Spotify. Hollywood for ugly people, folks here 375 00:20:37,240 --> 00:20:41,000 Speaker 1: in Washington, d C. I'm Kevin Cirelli, Chief Washington correspondent 376 00:20:41,040 --> 00:20:48,600 Speaker 1: for Bloomberg Television and Radio. You're listening to Bloomberg. You're 377 00:20:48,640 --> 00:20:52,520 Speaker 1: listening to Bloomberg Sound On with Kevin Sirel on Bloomberg 378 00:20:53,560 --> 00:20:55,920 Speaker 1: and One Old five point seven a m h D two. 379 00:20:57,160 --> 00:21:00,359 Speaker 1: So much impeachment talk, folks. I'm Kevin Cirelli, Chief Washington 380 00:21:00,359 --> 00:21:03,639 Speaker 1: correspondent for Bloomberg Television and Bloomberg Radio. But I've been 381 00:21:03,720 --> 00:21:06,720 Speaker 1: keeping tabs on Brexit. Boris Johnson, Did you see this? 382 00:21:07,200 --> 00:21:13,280 Speaker 1: Boris Johnson will send an extension letter regarding Brexit. Boris Johnson, 383 00:21:13,280 --> 00:21:15,840 Speaker 1: I'm reading from the BBC, will send a letter to 384 00:21:15,880 --> 00:21:20,359 Speaker 1: the EGU asking for a Brexit delay if no deal 385 00:21:20,680 --> 00:21:24,960 Speaker 1: is agreed by October nineteenth, according to government papers submitted 386 00:21:25,000 --> 00:21:28,600 Speaker 1: to a Scottish court. This just three hours ago, and 387 00:21:28,640 --> 00:21:31,840 Speaker 1: I was dusting up on it on the Bloomberg terminal 388 00:21:31,920 --> 00:21:36,760 Speaker 1: as well. Alexandra Phillips is here. And Alexandra Phillips is 389 00:21:36,760 --> 00:21:39,879 Speaker 1: a British politician. She was elected as a Brexit Party 390 00:21:39,960 --> 00:21:46,000 Speaker 1: member of the European Parliament for the Southeast England constituency 391 00:21:46,520 --> 00:21:48,679 Speaker 1: a couple of months ago. We're so thrilled to have 392 00:21:48,760 --> 00:21:50,880 Speaker 1: you here. It's a pleasure to be here. I love DC. 393 00:21:51,640 --> 00:21:55,200 Speaker 1: Not many people do. How is that possible? I prefer 394 00:21:55,240 --> 00:21:59,960 Speaker 1: it to New York, you know, I uh, I okay, 395 00:22:00,520 --> 00:22:02,719 Speaker 1: I grub outside of Philly, but anyway, so bring us 396 00:22:02,720 --> 00:22:04,600 Speaker 1: op to speed. What's the way this's with regards to Brexit. 397 00:22:04,840 --> 00:22:07,680 Speaker 1: What's fascinating actually is yes, there's this that there's documents 398 00:22:07,720 --> 00:22:11,119 Speaker 1: have been submitted to court because essentially the opposition in 399 00:22:11,119 --> 00:22:13,800 Speaker 1: the UK do not believe that Boris is going to 400 00:22:13,960 --> 00:22:16,679 Speaker 1: obey the law. Because now the opposition to Brexits has 401 00:22:16,720 --> 00:22:18,879 Speaker 1: pushed forward a bill saying that he must ask for 402 00:22:18,920 --> 00:22:21,320 Speaker 1: an extension if no deal is reached, and they've been 403 00:22:21,400 --> 00:22:23,560 Speaker 1: very concerned he wouldn't actually obey the law. So they've 404 00:22:23,560 --> 00:22:25,399 Speaker 1: taken this to the Scottish Court and the Government has 405 00:22:25,440 --> 00:22:28,720 Speaker 1: submitted their evidence saying we are going to obey the law. 406 00:22:29,040 --> 00:22:33,600 Speaker 1: And yet two hours later Boris Johnson tweets it always 407 00:22:33,640 --> 00:22:36,679 Speaker 1: Trump style that we're going to leave on the thirty 408 00:22:36,680 --> 00:22:39,080 Speaker 1: one of October with or without a deal. So make 409 00:22:39,160 --> 00:22:42,280 Speaker 1: of that what you will. But we're really in a 410 00:22:42,359 --> 00:22:44,760 Speaker 1: very thorny situation now because a lot of the cards 411 00:22:44,760 --> 00:22:48,679 Speaker 1: that Boris Johnson could play he's now restricted from using. 412 00:22:49,359 --> 00:22:52,680 Speaker 1: We've had a Supreme Court ruling against him proroguing parliament. 413 00:22:52,720 --> 00:22:55,119 Speaker 1: I know it's an odd word, but basically closing down 414 00:22:55,200 --> 00:22:59,040 Speaker 1: parliaments for five weeks. He that's that's abnormal in in 415 00:22:59,200 --> 00:23:02,880 Speaker 1: British political precedent, and the Supreme Court for the first 416 00:23:02,880 --> 00:23:05,320 Speaker 1: time in British history, waded into the political sphere and 417 00:23:05,320 --> 00:23:07,240 Speaker 1: have said to Boris Johnson, know that MP's have to 418 00:23:07,280 --> 00:23:09,880 Speaker 1: come back. So we're actually finding this sort of more 419 00:23:10,040 --> 00:23:13,200 Speaker 1: litigious atmosphere in UK politics and those people who really 420 00:23:13,200 --> 00:23:15,919 Speaker 1: want to see Brexit reverse actually going to the extreme 421 00:23:16,000 --> 00:23:19,479 Speaker 1: levels of threatening to take the Prime Minister to court. Um. 422 00:23:19,520 --> 00:23:21,679 Speaker 1: So he's effectively I think he's going to have to 423 00:23:21,720 --> 00:23:24,600 Speaker 1: ask the EU for an extension, despite having said since 424 00:23:24,640 --> 00:23:28,160 Speaker 1: he became Prime Minister that he would absolutely not do that. 425 00:23:28,400 --> 00:23:31,640 Speaker 1: Do or die were his exact words, um. But then 426 00:23:31,640 --> 00:23:33,919 Speaker 1: he's mysteriously tweeting he's not going to do that, and 427 00:23:33,960 --> 00:23:35,960 Speaker 1: word on the street, if you will, is that he's 428 00:23:36,000 --> 00:23:39,840 Speaker 1: going to go to particular other member states in the 429 00:23:39,840 --> 00:23:44,120 Speaker 1: European Union and implore that they veto at European Council 430 00:23:44,200 --> 00:23:47,920 Speaker 1: level the EU granting that extension. Alexandra Phillips is here. 431 00:23:48,000 --> 00:23:51,320 Speaker 1: She's a British politician. She's visiting from across the Pond, 432 00:23:51,760 --> 00:23:53,880 Speaker 1: as they say, and we're talking about Brexit. You're very 433 00:23:54,080 --> 00:23:57,440 Speaker 1: You're from the Brexit Party, so you're very prob Brexit. 434 00:23:57,600 --> 00:23:59,119 Speaker 1: What are your state of bogs who say this is 435 00:23:59,160 --> 00:24:04,240 Speaker 1: gonna reak havoc on global on the global economy, if if, if, if, 436 00:24:04,320 --> 00:24:06,880 Speaker 1: if the UK goes through with this, it won't weak 437 00:24:06,920 --> 00:24:09,160 Speaker 1: havoc on the global economy. And in fact, what would 438 00:24:09,160 --> 00:24:11,760 Speaker 1: weak havoc on the British economy is remaining in the EU, 439 00:24:11,920 --> 00:24:15,199 Speaker 1: when Italian banks are skating on thin ice, when German 440 00:24:15,240 --> 00:24:18,320 Speaker 1: manufacturing is in recession, and we've already seen from two 441 00:24:18,400 --> 00:24:20,440 Speaker 1: thousand and eight, two thousands and nine the US fiscal 442 00:24:20,480 --> 00:24:24,320 Speaker 1: and economic policies aren't really particularly strong and and they're 443 00:24:24,320 --> 00:24:25,800 Speaker 1: not to be trusted. I mean, we had to use 444 00:24:25,840 --> 00:24:28,399 Speaker 1: our own currency to bail out the Euro, and I 445 00:24:28,440 --> 00:24:31,000 Speaker 1: think it's very clear that the Euro remains in trouble 446 00:24:31,400 --> 00:24:33,840 Speaker 1: and that actually an independent UK is good for the UK, 447 00:24:33,920 --> 00:24:36,119 Speaker 1: and it's actually good for America too, Because that's what 448 00:24:36,160 --> 00:24:37,960 Speaker 1: I want to ask you about, because there's so much 449 00:24:38,040 --> 00:24:41,959 Speaker 1: conversation here Alexandra Phillips, she's a Briggs and Party politician 450 00:24:42,440 --> 00:24:45,080 Speaker 1: here in the United States that Briggs And if it happens, 451 00:24:45,359 --> 00:24:48,399 Speaker 1: would just be an absolute nightmare, and not just for 452 00:24:48,520 --> 00:24:51,120 Speaker 1: Wall stream and big business, but for small business as well. 453 00:24:51,240 --> 00:24:53,600 Speaker 1: So why why, why are those people wrong? I mean, 454 00:24:53,640 --> 00:24:56,080 Speaker 1: on some level, you are you were semi right about 455 00:24:56,119 --> 00:24:58,359 Speaker 1: it being a nightmare for big business, because the whole 456 00:24:58,400 --> 00:25:01,240 Speaker 1: model of the EU protection I'd like to call it 457 00:25:01,280 --> 00:25:03,960 Speaker 1: the corporate cartel of big banks and big big business. 458 00:25:04,240 --> 00:25:06,679 Speaker 1: It's a one stop shop for thirty lobbyists and the 459 00:25:06,720 --> 00:25:09,919 Speaker 1: biggest companies and enterprises in the world to essentially sketch 460 00:25:09,920 --> 00:25:13,280 Speaker 1: out trade policy and tariff and non tariff barriers to 461 00:25:13,320 --> 00:25:15,760 Speaker 1: suit their businesses. So on that level, it's been a 462 00:25:15,760 --> 00:25:19,200 Speaker 1: big nightmare for small and medium sized enterprises, and it's 463 00:25:19,200 --> 00:25:22,000 Speaker 1: also been a big nightmare for global trade in terms 464 00:25:22,000 --> 00:25:24,880 Speaker 1: of the ease protectionist stands to to defend their own 465 00:25:24,880 --> 00:25:28,480 Speaker 1: manufacturing season put quite punitive tariffs on the developing world. 466 00:25:28,880 --> 00:25:32,120 Speaker 1: And actually, as a G five economy with a pivotal 467 00:25:32,119 --> 00:25:34,720 Speaker 1: position in the anglosphere, the UK is in a unique position, 468 00:25:34,760 --> 00:25:37,920 Speaker 1: I really believe, to actually change the way that global 469 00:25:37,960 --> 00:25:42,080 Speaker 1: trade has been happening, liberalize it and create bespoke trade 470 00:25:42,119 --> 00:25:45,800 Speaker 1: deals with members of the Commonwealth, with America, with Canada, 471 00:25:46,560 --> 00:25:48,960 Speaker 1: all around the world in fact, and this is something 472 00:25:49,000 --> 00:25:51,879 Speaker 1: that the EU is terrified about, having a completely different 473 00:25:51,920 --> 00:25:55,280 Speaker 1: trading model on its doorstep that would in effect undermine 474 00:25:55,640 --> 00:25:59,080 Speaker 1: the euse protectionist model and directly competes with them. And 475 00:25:59,119 --> 00:26:00,760 Speaker 1: this is no big seat with you know. You often 476 00:26:00,800 --> 00:26:04,200 Speaker 1: hear in the European Parliament from both the Brexit negotiators 477 00:26:04,240 --> 00:26:06,800 Speaker 1: and from the m EPs people saying, what we do 478 00:26:06,840 --> 00:26:09,440 Speaker 1: not want to see is a Singapore on Thames, a 479 00:26:09,640 --> 00:26:13,320 Speaker 1: UK with a very liberal trade model that in essence 480 00:26:13,600 --> 00:26:15,919 Speaker 1: will give other members states the idea that they can 481 00:26:15,960 --> 00:26:18,280 Speaker 1: also follow a similar route quickly. And then you're going 482 00:26:18,320 --> 00:26:20,520 Speaker 1: to stay for what's on your radar for our next segment. 483 00:26:20,560 --> 00:26:22,480 Speaker 1: But what do you make of Speaker Pelosi and what 484 00:26:22,520 --> 00:26:24,879 Speaker 1: she's been saying about Brexit? You know that this has 485 00:26:24,960 --> 00:26:27,200 Speaker 1: kind of upset me very much, upset me because she's 486 00:26:27,200 --> 00:26:29,440 Speaker 1: turned around and said the US and the UK should 487 00:26:29,440 --> 00:26:32,080 Speaker 1: only do a free trade deal if the UK respect 488 00:26:32,160 --> 00:26:35,320 Speaker 1: all of these conditions, which they say defends the Good 489 00:26:35,320 --> 00:26:37,760 Speaker 1: Friday Agreements. Now, the Good Friday Agreements is the peace 490 00:26:37,800 --> 00:26:41,040 Speaker 1: treaty between Northern Ireland and Ireland. And the chap who 491 00:26:41,040 --> 00:26:44,439 Speaker 1: wrote that the former First Minister of Northern Ireland, so 492 00:26:44,480 --> 00:26:50,520 Speaker 1: he shout, he actually won the Nobel Peace Prize for 493 00:26:50,520 --> 00:26:53,520 Speaker 1: for drafting that peace treaty between the two has said 494 00:26:53,920 --> 00:26:58,080 Speaker 1: repeatedly that the E use demands for the UK's withdrawal 495 00:26:58,119 --> 00:27:00,000 Speaker 1: actually is the biggest threat to the Good Friday Agree 496 00:27:00,000 --> 00:27:02,920 Speaker 1: eaments and leaving the EU and the UK pursuing independent 497 00:27:02,920 --> 00:27:06,080 Speaker 1: trade policy doesn't risk it at all. And there's already 498 00:27:06,160 --> 00:27:08,480 Speaker 1: an invisible border between the North and the South on 499 00:27:08,520 --> 00:27:10,680 Speaker 1: the island of Ireland, because they have different conomies, that 500 00:27:11,000 --> 00:27:14,760 Speaker 1: they have different currencies, they have different excise duties, and 501 00:27:14,960 --> 00:27:19,720 Speaker 1: that is easily traversed with offsite smart borders, trusted trader schemes, 502 00:27:19,720 --> 00:27:22,080 Speaker 1: so on and so forth, and adding customs and you know, 503 00:27:22,119 --> 00:27:25,040 Speaker 1: different customs to that actually shouldn't be an issue whatsoever. 504 00:27:25,080 --> 00:27:27,800 Speaker 1: So the E were very cynically playing this card, and 505 00:27:27,840 --> 00:27:30,160 Speaker 1: I would even go as far as saying stoking up 506 00:27:30,160 --> 00:27:34,399 Speaker 1: tensions quite wilfully and cynically exploiting as a sort of 507 00:27:35,320 --> 00:27:37,480 Speaker 1: a healing scab to try and lock us in a 508 00:27:37,480 --> 00:27:40,360 Speaker 1: trade union with them. Interesting stick around coming up much 509 00:27:40,400 --> 00:27:43,440 Speaker 1: more from what's on the panel's radar. We're across the pond. 510 00:27:43,480 --> 00:27:46,399 Speaker 1: We're here in impeachment waters as well. I'm Kevin Cirelli. 511 00:27:46,440 --> 00:27:55,000 Speaker 1: You're listening to Bloomberg. You're listening to Bloomberg Sound On 512 00:27:55,080 --> 00:27:59,160 Speaker 1: with Kevin Currelly on bloomberde and one or five points 513 00:27:59,200 --> 00:28:02,360 Speaker 1: seven f mh D two. I'm Kevin CURREALI Chief Washington 514 00:28:02,359 --> 00:28:05,440 Speaker 1: correspondent with Bloomberg Television and Bloomberg Radio. It's time now 515 00:28:05,480 --> 00:28:08,879 Speaker 1: for what's on the panel's radar. Miranda Green, congressional reporter 516 00:28:08,960 --> 00:28:12,000 Speaker 1: at The Hill, Brand Ben shrek and Er national political 517 00:28:12,040 --> 00:28:16,560 Speaker 1: correspondent at Politico. And Alexandra Phillips she's a Brexit Party 518 00:28:16,640 --> 00:28:20,880 Speaker 1: politician here visiting from across the pond. Alright, I'm gonna 519 00:28:20,960 --> 00:28:23,399 Speaker 1: kick things off first because today was job's Day in 520 00:28:23,440 --> 00:28:27,159 Speaker 1: case he didn't know, and uh look, I mean solid 521 00:28:27,320 --> 00:28:31,040 Speaker 1: unemployment rate number. The unemployment rate dropped to three point 522 00:28:31,119 --> 00:28:35,040 Speaker 1: five percent. That's the lowest and fifty years three point 523 00:28:35,160 --> 00:28:37,679 Speaker 1: dropped to three point five percent from three point seven 524 00:28:37,680 --> 00:28:41,280 Speaker 1: percent this month. According to numbers from the Department of Labor, 525 00:28:41,720 --> 00:28:45,520 Speaker 1: employers added a hundred and thirty six thousand jobs last month. 526 00:28:45,560 --> 00:28:48,840 Speaker 1: That's slightly less than the one hundred and forty five 527 00:28:48,880 --> 00:28:53,240 Speaker 1: thousand jobs that economists expected, uh and below the hundred 528 00:28:53,320 --> 00:28:55,720 Speaker 1: sixty eight thousand pace from August. Larry Cudlow was on 529 00:28:55,720 --> 00:28:59,840 Speaker 1: Bloomberg Television with my colleague Jonathan Barrow earlier today. Let's 530 00:28:59,840 --> 00:29:02,320 Speaker 1: take to listen to what Mr Kudlow had to say 531 00:29:02,360 --> 00:29:05,320 Speaker 1: earlier today. Here he is, I think the economy is 532 00:29:05,360 --> 00:29:08,600 Speaker 1: now in a turning zone, and I think we've had 533 00:29:08,600 --> 00:29:11,160 Speaker 1: a soft two quarters, but I think now we're going 534 00:29:11,200 --> 00:29:15,520 Speaker 1: to be moving into a much stronger economic story. Alright, 535 00:29:15,600 --> 00:29:18,479 Speaker 1: So you know, uh, solid jobs numbers, that's what's all 536 00:29:18,480 --> 00:29:20,720 Speaker 1: my radar, And the blue murderer of me is looking 537 00:29:20,720 --> 00:29:23,120 Speaker 1: at the job's members. Mariana Green, what's on your radar? Well, 538 00:29:23,280 --> 00:29:25,720 Speaker 1: Department of Energy Secretary Rick Perry maybe out of a 539 00:29:25,800 --> 00:29:28,880 Speaker 1: job soon. So I am following that. This is of course, 540 00:29:28,960 --> 00:29:32,320 Speaker 1: he's been caught up in kind of the Ukraine controversy. 541 00:29:32,360 --> 00:29:35,480 Speaker 1: He led the US delegation to uh the ukn President's 542 00:29:35,640 --> 00:29:39,040 Speaker 1: inauguration in May. So I will be following all that 543 00:29:39,120 --> 00:29:41,800 Speaker 1: news and to see whether you know he is potentially 544 00:29:41,880 --> 00:29:46,240 Speaker 1: leaving been in the air. The reports are between November 545 00:29:46,240 --> 00:29:48,280 Speaker 1: and December. But of course this is not the first 546 00:29:48,320 --> 00:29:51,479 Speaker 1: time the reports have gone out that Perry has been leaving. 547 00:29:51,560 --> 00:29:55,800 Speaker 1: He's one of the longest serving cabinet members on President 548 00:29:55,840 --> 00:29:59,760 Speaker 1: Trump's committee. Actually he's he's outlasted quite a few numbers, 549 00:29:59,760 --> 00:30:01,360 Speaker 1: so this is not the first time that we've heard 550 00:30:01,360 --> 00:30:03,160 Speaker 1: that he's leaving, so it'll yet to be seen if 551 00:30:03,480 --> 00:30:06,040 Speaker 1: he's really been kind of boring. But for lack of 552 00:30:06,080 --> 00:30:08,360 Speaker 1: a better time, he hasn't really talking right, and he 553 00:30:08,440 --> 00:30:10,720 Speaker 1: was on and he was actually on Dancing with the 554 00:30:10,760 --> 00:30:13,120 Speaker 1: Stars before Sean Spicer. But aside from that, he's been 555 00:30:13,160 --> 00:30:16,560 Speaker 1: pretty boring. Yeah, he has not gotten embroiled in any 556 00:30:16,840 --> 00:30:20,440 Speaker 1: private jet travel or any used mattresses. Um, like you 557 00:30:20,440 --> 00:30:24,400 Speaker 1: know previous secretaries have. Um, he's gone in one or 558 00:30:24,440 --> 00:30:26,760 Speaker 1: two red flag raisings with him trying to prop up 559 00:30:26,760 --> 00:30:29,280 Speaker 1: the coal industry, but he's largely been kind of under 560 00:30:29,320 --> 00:30:33,160 Speaker 1: the radar and quiet. Alexandra Phillips or Brexit friend, I'm 561 00:30:33,160 --> 00:30:36,560 Speaker 1: also looking at jobs, really most importantly my own job, 562 00:30:36,640 --> 00:30:38,760 Speaker 1: because I am hoping to not have one after the 563 00:30:38,760 --> 00:30:41,800 Speaker 1: thirty one of octape but books it should be delivered, 564 00:30:41,880 --> 00:30:43,800 Speaker 1: I should be out on my ear no longer sitting 565 00:30:43,840 --> 00:30:46,440 Speaker 1: in the European Parliament. So you don't even want a job. 566 00:30:46,480 --> 00:30:48,400 Speaker 1: That's kind of an interesting kind of like if you're 567 00:30:48,400 --> 00:30:51,040 Speaker 1: advocating for Brexit but you don't want a job, so 568 00:30:51,080 --> 00:30:54,080 Speaker 1: what would you okay? So by October thirty one, Halloween, 569 00:30:54,400 --> 00:30:56,960 Speaker 1: this could all be settled, this Brexit issue. Sadly, I 570 00:30:57,000 --> 00:30:59,200 Speaker 1: didn't think it is. I think that's always the impossibility. 571 00:30:59,200 --> 00:31:01,040 Speaker 1: And now I which means I get to keep my job, 572 00:31:01,240 --> 00:31:03,360 Speaker 1: which is what I don't want. And the first politician 573 00:31:03,440 --> 00:31:06,000 Speaker 1: that you'll probably have met who actually wants to be 574 00:31:06,040 --> 00:31:08,719 Speaker 1: booted out of office. Interesting? All right, Ben, Shrek and Jr. 575 00:31:08,800 --> 00:31:12,200 Speaker 1: What's on your radar? The quarterly fundraising results are in 576 00:31:12,360 --> 00:31:16,600 Speaker 1: for the Democratic presidential candidates, and Elizabeth Warren and Bernie 577 00:31:16,640 --> 00:31:19,760 Speaker 1: Sanders are leading the pack. Neither of them hold high 578 00:31:19,800 --> 00:31:23,160 Speaker 1: dollar fundraisers. So it's sort of an indication that there's 579 00:31:23,160 --> 00:31:28,480 Speaker 1: a quiet revolution, uh in the way that these campaigns work, uh, 580 00:31:28,800 --> 00:31:32,120 Speaker 1: and that not only are they getting to make a 581 00:31:32,120 --> 00:31:35,040 Speaker 1: point to voters by not by not going to these fundraisers, 582 00:31:35,080 --> 00:31:36,880 Speaker 1: they're saving a lot of time by not going to 583 00:31:36,920 --> 00:31:40,280 Speaker 1: these fundraisers. And they're raising more money than Kamala Harris 584 00:31:40,280 --> 00:31:42,120 Speaker 1: and Pete Buddha Judge and Joe Biden are. So I 585 00:31:42,120 --> 00:31:44,360 Speaker 1: think that's quite a big deal. So how does Biden 586 00:31:44,520 --> 00:31:48,840 Speaker 1: campaign world respond to that? Because you're saying and the 587 00:31:48,880 --> 00:31:52,440 Speaker 1: evidence suggests that Warren and Sanders are killing it in 588 00:31:52,480 --> 00:31:56,200 Speaker 1: the in the populace fundraising battles. They they had a 589 00:31:56,200 --> 00:31:59,840 Speaker 1: soft quarter. Biden's fundraising hall is actually down. Uh. There, 590 00:32:00,000 --> 00:32:01,880 Speaker 1: going to have to come up with a good answer 591 00:32:02,920 --> 00:32:05,880 Speaker 1: because fundraising was supposed to be one of the advantages 592 00:32:05,920 --> 00:32:07,640 Speaker 1: that Joe Biden had going into this, and he's he's 593 00:32:07,680 --> 00:32:09,600 Speaker 1: lost that advantaged a louse for now. Yeah, And of 594 00:32:09,600 --> 00:32:12,160 Speaker 1: course everyone is looking to see kind of, if you know, 595 00:32:12,240 --> 00:32:15,200 Speaker 1: Warren and Sanders can kind of bump Biden off of 596 00:32:15,240 --> 00:32:18,080 Speaker 1: the top here, and so seeing these numbers dip kind 597 00:32:18,080 --> 00:32:20,800 Speaker 1: of a first indicator that he is losing strength here, 598 00:32:21,000 --> 00:32:23,560 Speaker 1: especially as polling numbers show that they are, you know, 599 00:32:23,640 --> 00:32:26,200 Speaker 1: climbing a getting closer to him too. I'm gonna be honest. 600 00:32:26,280 --> 00:32:29,760 Speaker 1: So we we Americans, as we like to say Alexandra Phillips, 601 00:32:29,760 --> 00:32:33,479 Speaker 1: are bregit politician friend. We think Bregit's a mess. We 602 00:32:33,520 --> 00:32:35,880 Speaker 1: think that, you know when whenever we watch what's going 603 00:32:35,920 --> 00:32:38,280 Speaker 1: on over there, we're like, wow, we think Congress is 604 00:32:38,280 --> 00:32:41,040 Speaker 1: a mess here just to look at them. What do 605 00:32:41,160 --> 00:32:44,520 Speaker 1: you think of this impeachment chatter? Uh here in the 606 00:32:44,600 --> 00:32:47,200 Speaker 1: United States? Well, look, I mean ever since Donald Trump 607 00:32:47,240 --> 00:32:49,840 Speaker 1: even had a whiff of probably becoming the next president. 608 00:32:49,960 --> 00:32:52,120 Speaker 1: The Democrats have been trying to stop that from happening, 609 00:32:52,120 --> 00:32:55,400 Speaker 1: and they haven't accepted the election results, and it's conspiracy 610 00:32:55,400 --> 00:32:58,920 Speaker 1: theory and attack and strategy off the strategy. So it 611 00:32:59,000 --> 00:33:00,480 Speaker 1: just seems like the same old say. Well, but the 612 00:33:00,520 --> 00:33:03,080 Speaker 1: big question for me is what's actually been going on 613 00:33:03,120 --> 00:33:05,280 Speaker 1: with the Sun What's he been doing? Why is all 614 00:33:05,280 --> 00:33:07,120 Speaker 1: the focus on Trump? Because it seems to me that 615 00:33:07,280 --> 00:33:10,480 Speaker 1: something very fash. Yeah, what's what's been going on? It 616 00:33:10,480 --> 00:33:12,280 Speaker 1: seems like something very fish has been going on. So 617 00:33:12,560 --> 00:33:15,560 Speaker 1: it's quite confusing that everyone's up in arms about the 618 00:33:15,600 --> 00:33:19,120 Speaker 1: President's Trump's phone call. Where's all the heat on? Hunter? Biden? 619 00:33:19,200 --> 00:33:21,360 Speaker 1: What do you think of Elizabeth Warren? Because she's perceived 620 00:33:21,360 --> 00:33:24,040 Speaker 1: as a populist here. Yeah, I don't know. To be honest, 621 00:33:24,040 --> 00:33:25,760 Speaker 1: I'm going to be truthful, I don't know a great 622 00:33:25,840 --> 00:33:28,600 Speaker 1: deal about her. But I think that she probably comes 623 00:33:28,600 --> 00:33:30,800 Speaker 1: across as a lot more sane when it comes to 624 00:33:30,920 --> 00:33:34,320 Speaker 1: the left wing of American politics than perhaps are the characters. 625 00:33:34,360 --> 00:33:36,640 Speaker 1: And I've been told by some of my American friends 626 00:33:36,720 --> 00:33:41,040 Speaker 1: she could be probably a fairly credible choice for the left. Um, 627 00:33:41,400 --> 00:33:45,680 Speaker 1: but you know, in terms of the Democrats over here, 628 00:33:46,320 --> 00:33:49,320 Speaker 1: it's I don't really know if there's a standout candidate. 629 00:33:49,400 --> 00:33:52,280 Speaker 1: I couldn't really name many. Very very interesting, all right. 630 00:33:52,320 --> 00:33:55,920 Speaker 1: Our thanks to Alexandra Phillips. She is a British politician. 631 00:33:55,960 --> 00:33:58,600 Speaker 1: She was elected as a Brexit Party Member of the 632 00:33:58,640 --> 00:34:03,600 Speaker 1: European Parliament for the Southeast England constituency at the European 633 00:34:03,640 --> 00:34:07,040 Speaker 1: Parliament elections in May. Of course, our thanks to our 634 00:34:07,040 --> 00:34:10,239 Speaker 1: friends Miranda Green, Congressional reporter at The Hill and Ben Shrekinger, 635 00:34:10,560 --> 00:34:13,560 Speaker 1: national political correspondent at Political. That does it for me? 636 00:34:14,080 --> 00:34:16,560 Speaker 1: Download the Bloomberg Sound on podcast on Apple it Tunes, 637 00:34:16,600 --> 00:34:19,279 Speaker 1: at Bloomberg dot com, or by downloading the Bloomberg Business app. 638 00:34:19,480 --> 00:34:21,560 Speaker 1: You can also find us on Radio dot com, I 639 00:34:21,719 --> 00:34:26,160 Speaker 1: Heart Radio, and Spotify. Brexit Jobs That Impeachment. Wow. Have 640 00:34:26,239 --> 00:34:28,960 Speaker 1: a great weekend, everybody. I'm Kevin CURRELLI, Chief Washington correspondent 641 00:34:28,960 --> 00:34:31,960 Speaker 1: for Bloomberg Television and Bloomberg Radio. You're listening to Bloomberg